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LGTOU

Legato Merger Corp. II Unit
LGTOU

Delisted

LGTOU was delisted on the 14th of February, 2023.

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19 hedge funds and large institutions have $44.9M invested in Legato Merger Corp. II Unit in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, increasing their positions, 11 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% less funds holding

Funds holding: 53 → 19 (-34)

75% less capital invested

Capital invested by funds: $177M → $44.9M (-$132M)

89% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 37

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 11

Holders
19
Holders Change
-34
Holders Change %
-64.15%
% of All Funds
0.3%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
4
Increased
–
Reduced
11
Closed
37
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HCM
Hodges Capital Management
Texas
+$1M
2
FTUS
Flow Traders U.S.
New York
+$368K
3
CS
Clear Street
New York
+$104K

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$18.1M
2
CSS
Cubist Systematic Strategies
Connecticut
-$9.02M
3
LA
Linden Advisors
New York
-$8.02M
4
PC
Periscope Capital
Ontario, Canada
-$7.88M
5
CCM
Context Capital Management
California
-$7.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
26
Aristeia Capital
Connecticut
– -$5.01M -500,000 Closed
SCM
27
Shaolin Capital Management
Florida
– -$5.01M -500,000 Closed
DKCM
28
Davidson Kempner Capital Management
New York
– -$4.73M -475,000 Closed
AA
29
AQR Arbitrage
Connecticut
– -$4.63M -464,569 Closed
TCA
30
Taconic Capital Advisors
New York
– -$4.48M -450,000 Closed
SCC
31
Spring Creek Capital
Kansas
– -$4.01M -400,000 Closed
UOC
32
UBS O'Connor
Illinois
– -$3.08M -309,462 Closed
BCM
33
Basso Capital Management
Connecticut
– -$3.01M -300,000 Closed
CC
34
Centiva Capital
New York
– -$3.01M -300,000 Closed
RCM
35
Rivernorth Capital Management
Florida
– -$3.01M -300,000 Closed
KC
36
Kryger Capital
United Kingdom
– -$2.98M -297,044 Closed
PMAM
37
Picton Mahoney Asset Management
Ontario, Canada
– -$2.51M -250,000 Closed
EAM
38
Exos Asset Management
New York
– -$2.31M -230,000 Closed
MP
39
Mangrove Partners
Connecticut
– -$2.01M -200,000 Closed
Capstone Investment Advisors
40
Capstone Investment Advisors
New York
– -$1.91M -190,000 Closed
State of Wisconsin Investment Board
41
State of Wisconsin Investment Board
Wisconsin
– -$1.5M -150,000 Closed
Tudor Investment Corp
42
Tudor Investment Corp
Connecticut
– -$1.5M -150,000 Closed
PSAMP
43
P. Schoenfeld Asset Management (PSAM)
New York
– -$1.25M -125,000 Closed
Bank of America
44
Bank of America
North Carolina
– -$1M -100,000 Closed
BI
45
Bulldog Investors
New Jersey
– -$1M -100,000 Closed
ECU
46
Eisler Capital (UK)
United Kingdom
– -$1M -100,000 Closed
SC
47
Sculptor Capital
New York
– -$1M -100,000 Closed
Citadel Advisors
48
Citadel Advisors
Florida
– -$862K -86,529 Closed
GCL
49
Glazer Capital LLC
New York
– -$606K -60,468 Closed
Millennium Management
50
Millennium Management
New York
– -$598K -60,000 Closed
1
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LGTOU Hedge Fund Activity: Q1 2022 in Review

19 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Legato Merger Corp. II Unit (LGTOU) for Q1 2022, worth a combined $44.9M — down 75% from $177M a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of LGTOU and 4 opened new positions — a net loss of 33 holders — while 11 trimmed existing stakes and 0 added.

The largest buyer was Hodges Capital Management, opening a new position worth an estimated $1M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $18.1M sold.

  • 19 institutional investors held Legato Merger Corp. II Unit (LGTOU) as of Q1 2022, down from 53 in Q4 2021.
  • Funds reported $44.9M of Legato Merger Corp. II Unit stock for Q1 2022, down 75% quarter-over-quarter.
  • 4 funds opened new Legato Merger Corp. II Unit positions in Q1 2022 and 37 closed out, a net change of -33 holders.
  • The largest Legato Merger Corp. II Unit buyer in Q1 2022 was Hodges Capital Management, an estimated $1M added.
  • The largest Legato Merger Corp. II Unit seller in Q1 2022 was Adage Capital Partners, an estimated $18.1M sold.

Based on aggregated 13F filings for Q1 2022.