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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
Calamos Advisors
1
Calamos Advisors
Illinois
$15.1M – – –
CCA
2
Castle Creek Arbitrage
Colorado
$5.62M – – –
SFM
3
Spartan Fund Management
Canada
$5.04M +$4.02M +400,000 New
WC
4
Wealthspring Capital
New York
$4.57M -$140K -13,940 -3%
MF
5
Magnetar Financial
Illinois
$3.88M -$144K -14,300 -4%
SIA
6
Schechter Investment Advisors
Michigan
$3.24M -$39.6K -3,940 -1%
YCM
7
Yakira Capital Management
Connecticut
$3.02M – – –
OCAM
8
Owl Creek Asset Management
New York
$1.51M -$6.03M -600,000 -80%
HCM
9
Hodges Capital Management
Texas
$1.01M +$1M +100,000 New
SMA
10
Sage Mountain Advisors
Georgia
$497K -$10K -1,000 -2%
FTUS
11
Flow Traders U.S.
New York
$369K +$368K +36,641 New
CM
12
Cohanzick Management
New York
$347K -$418K -41,579 -55%
LCM
13
Lynwood Capital Management
Ontario, Canada
$298K -$1.71M -170,382 -85%
Walleye Capital
14
Walleye Capital
New York
$166K -$477K -47,469 -74%
CS
15
Clear Street
New York
$104K +$104K +10,308 New
PCM
16
Prelude Capital Management
New York
$101K -$3.62M -360,111 -97%
CCM
17
Condor Capital Management
New Jersey
$30K -$10K -1,000 -25%
UBS Group
18
UBS Group
Switzerland
$15K -$3.33K -332 -19%
RCM
19
Robinson Capital Management
Michigan
$9K – – –
Adage Capital Partners
20
Adage Capital Partners
Massachusetts
– -$18.1M -1,800,000 Closed
CSS
21
Cubist Systematic Strategies
Connecticut
– -$9.02M -899,118 Closed
LA
22
Linden Advisors
New York
– -$8.02M -800,000 Closed
PC
23
Periscope Capital
Ontario, Canada
– -$7.88M -785,400 Closed
CCM
24
Context Capital Management
California
– -$7.52M -750,000 Closed
KC
25
Kepos Capital
New York
– -$7.28M -726,000 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.