Vault-13

LEGATO MERGER CORP III

ORD SHS · CUSIP G5451A103

47 institutional holders -2 vs Q4 2024
18,962,31119.0m shares reported held*
$198.9mreported value*
3 new 5 added 11 reduced 5 sold out net bought ≈ $5.3m (+506.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($901.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.49.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 24: 9Q2 24: 43Q3 24: 43Q4 24: 49Q1 25: 4747Q1 24Q2 24Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q1 20249
Q2 202443
Q3 202443
Q4 202449
Q1 202547

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q2 24: 37 bought or addedQ2 24: 4 cut or sold outQ2 24Q3 24: 14 bought or addedQ3 24: 19 cut or sold outQ3 24Q4 24: 16 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 8 bought or addedQ1 25: 16 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024374
Q3 20241419
Q4 20241614
Q1 2025816

Biggest buyers

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +450,000+450.0k
WOLVERINE ASSET MANAGEMENT LLC Added +325,073+325.1k
Karpus Management, Inc. Added +105,756+105.8k
Schonfeld Strategic Advisors LLC Added +60,000+60.0k
TORONTO DOMINION BANK Added +59,612+59.6k
MIZUHO SECURITIES USA LLC New +45,250+45.2k
K2 PRINCIPAL FUND, L.P. New +13,798+13.8k
CITADEL ADVISORS LLC Added +5,247+5.2k

Biggest sellers

Crossingbridge Advisors, LLC Reduced -220,305-220.3k
AQR Arbitrage LLC Reduced -80,000-80.0k
FIR TREE CAPITAL MANAGEMENT LP Sold out -59,900-59.9k
Periscope Capital Inc. Reduced -50,000-50.0k
Bulldog Investors, LLP Reduced -31,545-31.5k
Schechter Investment Advisors, LLC Reduced -29,225-29.2k
Virtu Financial LLC Sold out -25,208-25.2k
Meteora Capital, LLC Reduced -17,957-18.0k
Wealthspring Capital LLC Reduced -15,222-15.2k
FLOW TRADERS U.S. LLC Sold out -11,469-11.5k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: First Trust Capital Management L.P. (0.0%, 2026-08-14), BERKLEY W R CORP (0.0%, 2026-08-06), Wealthspring Capital LLC (0.0%, 2026-07-09), Karpus Management, Inc. (1.8%, 2026-06-05), BARCLAYS PLC (3.9%, 2026-02-11)

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Karpus Management, Inc. 1.30% of their portfolio Pittsford, NY 3,837,3413.8m $40.3m $40.3m 1.30% Added +105.8k +105,756
2 First Trust Capital Management L.P. 1.37% of their portfolio CHICAGO, IL 1,801,1911.8m $18.9m $18.9m 1.37% Unchanged
3 Schechter Investment Advisors, LLC 1.22% of their portfolio BIRMINGHAM, MI 1,407,1341.4m $14.8m $14.8m 1.22% Reduced -29.2k -29,225
4 AQR Arbitrage LLC 0.36% of their portfolio Greenwich, CT 1,399,8921.4m $14.7m $14.7m 0.36% Reduced -80.0k -80,000
5 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 996,187996.2k $10.5m $10.5m 0.01% Unchanged
6 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.44% of their portfolio WEST PALM BEACH, FL 784,752784.8k $8.2m $8.2m 0.44% Unchanged
7 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 650,000650.0k $6.8m $6.8m 0.04% Unchanged
8 MOORE CAPITAL MANAGEMENT, LP 0.19% of their portfolio NEW YORK, NY 550,000550.0k $5.8m $5.8m 0.19% Unchanged
9 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 493,000493.0k $5.2m $5.2m 0.00% Unchanged
10 Linden Advisors LP 0.03% of their portfolio New York, NY 450,000450.0k $4.7m $4.7m 0.03% Unchanged
11 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 450,000450.0k $4.7m $4.7m 0.01% New
12 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 437,500437.5k $4.6m $4.6m 0.01% Unchanged
13 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio HARRISBURG, PA 405,972406.0k $4.3m $4.3m 0.03% Unchanged
14 PICTON MAHONEY ASSET MANAGEMENT 0.14% of their portfolio Toronto, A6 400,000400.0k $4.2m $4.2m 0.14% Unchanged
15 Westchester Capital Management, LLC 0.23% of their portfolio VALHALLA, NY 383,161383.2k $4.0m $4.0m 0.23% Unchanged
16 WOLVERINE ASSET MANAGEMENT LLC 0.08% of their portfolio CHICAGO, IL 382,043382.0k $4.0m $4.0m 0.08% Added +325.1k +325,073
17 Periscope Capital Inc. 2.19% of their portfolio Toronto, A6 375,000375.0k $3.9m $3.9m 2.19% Reduced -50.0k -50,000
18 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 365,216365.2k $3.8m $3.8m 0.02% Reduced -2.0k -2,029
19 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 333,234333.2k $3.5m $3.5m 0.01% Added +59.6k +59,612
20 Centiva Capital, LP 0.20% of their portfolio New York, NY 325,000325.0k $3.4m $3.4m 0.20% Unchanged
21 LMR Partners LLP 0.06% of their portfolio LONDON, X0 300,000300.0k $3.1m $3.1m 0.06% Unchanged
22 GLAZER CAPITAL, LLC 0.13% of their portfolio New York, NY 265,413265.4k $2.8m $2.8m 0.13% Reduced -3.5k -3,476
23 HGC Investment Management Inc. 0.93% of their portfolio TORONTO, A6 250,000250.0k $2.6m $2.6m 0.93% Unchanged
24 Crossingbridge Advisors, LLC 1.38% of their portfolio PLEASANTVILLE, NY 250,000250.0k $2.6m $2.6m 1.38% Reduced -220.3k -220,305
25 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.05% of their portfolio CHICAGO, IL 193,740193.7k $2.0m $2.0m 0.05% Unchanged
26 Bulldog Investors, LLP 0.51% of their portfolio SADDLE BROOK, NJ 178,048178.0k $1.9m $1.9m 0.51% Reduced -31.5k -31,545
27 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 175,000175.0k $1.8m $1.8m 0.00% Unchanged
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 163,288163.3k $1.7m $1.7m 0.00% Unchanged
29 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 160,000160.0k $1.7m $1.7m 0.01% Added +60.0k +60,000
30 Mint Tower Capital Management B.V. 0.58% of their portfolio AMSTERDAM, P7 150,000150.0k $1.6m $1.6m 0.58% Unchanged
31 BERKLEY W R CORP 0.11% of their portfolio Greenwich, CT 148,964149.0k $1.6m $1.6m 0.11% Unchanged
32 MMCAP International Inc. SPC 0.18% of their portfolio GRAND CAYMAN, E9 100,000100.0k $1.0m $1.0m 0.18% Unchanged
33 Polar Asset Management Partners Inc. 0.03% of their portfolio TORONTO, A6 100,000100.0k $1.0m $1.0m 0.03% Unchanged
34 Wealthspring Capital LLC 1.39% of their portfolio WEST HARRISON, NY 85,96686.0k $901.8k $901.8k 1.39% Reduced -15.2k -15,222
35 Meteora Capital, LLC 0.30% of their portfolio Boca Raton, FL 79,61179.6k $835.1k $835.1k 0.30% Reduced -18.0k -17,957
36 MIZUHO SECURITIES USA LLC 0.01% of their portfolio NEW YORK, NY 45,25045.2k $471.1k $471.1k 0.01% New
37 TENOR CAPITAL MANAGEMENT Co., L.P. 0.01% of their portfolio NEW YORK, NY 40,00040.0k $419.6k $419.6k 0.01% Unchanged
38 Kepos Capital LP 0.26% of their portfolio NEW YORK, NY 30,00030.0k $315.0k $315.0k 0.26% Unchanged
39 Dakota Wealth Management 0.01% of their portfolio PALM BEACH GARDENS, FL 24,15024.1k $253.3k $253.3k 0.01% Unchanged
40 TrueMark Investments, LLC 0.06% of their portfolio CHICAGO, IL 20,05220.1k $210.3k $210.3k 0.06% Unchanged
41 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,13718.1k $190.3k $190.3k 0.00% Added +5.2k +5,247
42 Evercore Wealth Management, LLC 0.00% of their portfolio New York, NY 14,30014.3k $150.0k $150.0k 0.00% Unchanged
43 K2 PRINCIPAL FUND, L.P. 0.02% of their portfolio TORONTO, A6 13,79813.8k $144.7k $144.7k 0.02% New
44 ROBINSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio GROSSE POINTE FARMS, MI 11,34711.3k $119.0k $119.0k 0.05% Reduced -9.8k -9,752
45 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3,8903.9k $40.8k $40.8k 0.00% Reduced -1.2k -1,210
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 700700 $7.3k $7.3k 0.00% Unchanged
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged