Legato Merger Corp. II Unit
LGTOU
LGTOU was delisted on the 14th of February, 2023.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hodges Capital Management
Dallas,
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
Boston,
Massachusetts
|
-$18.1M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$9.02M |
| 3 |
LA
Linden Advisors
New York
|
-$8.02M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$7.88M |
| 5 |
CCM
Context Capital Management
Lajolla,
California
|
-$7.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
51
Segantii Capital Management
Hong Kong
| – | -$602K | -60,000 | Closed |
|
52
Walleye Trading
New York
| – | -$361K | -36,000 | Closed |
|
|
MTCM
53
Mint Tower Capital Management
Amsterdam,
Netherlands
| – | -$251K | -25,000 | Closed |
|
54
Citigroup
New York
| – | -$190K | -18,958 | Closed |
|
55
Jane Street
New York
| – | -$120K | -11,974 | Closed |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| – | -$34K | -3,349 | Closed |
|
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.