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LEGT.U

Legato Merger Corp III Units
LEGT.U

Delisted

LEGT.U was delisted on the 9th of June, 2026.

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16 hedge funds and large institutions have $25M invested in Legato Merger Corp III Units in 2024 Q2 according to their latest regulatory filings, with 0 funds opening new positions, increasing their positions, 6 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

66.65% less ownership

Funds ownership: 78.54% → 11.89% (-67%)

69% less funds holding

Funds holding: 52 → 16 (-36)

85% less capital invested

Capital invested by funds: $165M → $25M (-$140M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 36

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 6

Holders
16
Holders Change
-36
Holders Change %
-69.23%
% of All Funds
0.23%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
–
Increased
–
Reduced
6
Closed
36
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$15.2M
2
KL
KIM LLC
Kansas
-$12.2M
3
PC
Periscope Capital
Ontario, Canada
-$10.1M
4
RCM
Rivernorth Capital Management
Florida
-$7.4M
5
SCM
Shaolin Capital Management
Florida
-$6.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
1
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$4.58M – – –
LA
2
Linden Advisors
New York
$4.58M – – –
LP
3
LMR Partners
United Kingdom
$3.05M – – –
Walleye Capital
4
Walleye Capital
New York
$2.27M -$9.14K -898 -0.4%
SSA
5
Schonfeld Strategic Advisors
New York
$2.09M -$102K -10,003 -5%
UOC
6
UBS O'Connor
Illinois
$2.04M – – –
Walleye Trading
7
Walleye Trading
New York
$1.28M -$5.14K -505 -0.4%
Millennium Management
8
Millennium Management
New York
$1.27M -$1.78M -175,000 -58%
MCP
9
Maso Capital Partners
Hong Kong
$1.27M – – –
MI
10
MMCAP International
Cayman Islands
$1.02M – – –
RCM
11
Rivernorth Capital Management
Florida
$725K -$7.4M -727,800 -91%
YCM
12
Yakira Capital Management
Connecticut
$508K – – –
AC
13
Athos Capital
Hong Kong
$255K – – –
LIM
14
Longfellow Investment Management
Massachusetts
$60.5K – – –
CS
15
Clear Street
New York
$40.9K -$79.2K -7,785 -66%
UBS Group
16
UBS Group
Switzerland
$416 – – –
AA
17
AQR Arbitrage
Connecticut
– -$15.2M -1,500,000 Closed
KL
18
KIM LLC
Kansas
– -$12.2M -1,200,000 Closed
PC
19
Periscope Capital
Ontario, Canada
– -$10.1M -1,000,000 Closed
SCM
20
Shaolin Capital Management
Florida
– -$6.59M -650,000 Closed
Citadel Advisors
21
Citadel Advisors
Florida
– -$5.07M -500,029 Closed
Hudson Bay Capital Management
22
Hudson Bay Capital Management
Connecticut
– -$5.07M -500,000 Closed
Deutsche Bank
23
Deutsche Bank
Germany
– -$5.03M -496,000 Closed
Verition Fund Management
24
Verition Fund Management
Connecticut
– -$4.58M -452,064 Closed
Two Sigma Investments
25
Two Sigma Investments
New York
– -$4.43M -437,500 Closed
1
2 3

LEGT.U Hedge Fund Activity: Q2 2024 in Review

16 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Legato Merger Corp III Units (LEGT.U) for Q2 2024, worth a combined $25M — down 85% from $165M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of LEGT.U and 0 opened new positions — a net loss of 36 holders — while 6 trimmed existing stakes and 0 added.

The largest seller was AQR Arbitrage, exiting entirely with an estimated $15.2M sold.

  • 16 institutional investors held Legato Merger Corp III Units (LEGT.U) as of Q2 2024, down from 52 in Q1 2024.
  • Funds reported $25M of Legato Merger Corp III Units stock for Q2 2024, down 85% quarter-over-quarter.
  • 0 funds opened new Legato Merger Corp III Units positions in Q2 2024 and 36 closed out, a net change of -36 holders.
  • The largest Legato Merger Corp III Units seller in Q2 2024 was AQR Arbitrage, an estimated $15.2M sold.

Based on aggregated 13F filings for Q2 2024.