LEGATO MERGER CORP III
ORD SHS · CUSIP G5451A103
* 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.91.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 9 |
| Q2 2024 | 43 |
| Q3 2024 | 43 |
| Q4 2024 | 49 |
| Q1 2025 | 47 |
| Q2 2025 | 46 |
| Q3 2025 | 47 |
| Q4 2025 | 49 |
| Q1 2026 | 47 |
| Q2 2026 | 1 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 14 | 19 |
| Q4 2024 | 16 | 14 |
| Q1 2025 | 8 | 16 |
| Q2 2025 | 11 | 15 |
| Q3 2025 | 8 | 12 |
| Q4 2025 | 13 | 22 |
| Q1 2026 | 11 | 20 |
| Q2 2026 | 0 | 45 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $40.5k | $0 | 0.00 |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $0 | $0 | — |
Biggest buyers
| None |
Biggest sellers
| Karpus Management, Inc. | Sold out | -2.1m |
| BERKLEY W R CORP | Sold out | -1.5m |
| AQR Arbitrage LLC | Sold out | -1.4m |
| First Trust Capital Management L.P. | Sold out | -1.3m |
| Hudson Bay Capital Management LP | Sold out | -1.2m |
| Wealthspring Capital LLC | Sold out | -1.1m |
| TENOR CAPITAL MANAGEMENT Co., L.P. | Sold out | -1.0m |
| D. E. Shaw & Co., Inc. | Sold out | -996.2k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Sold out | -712.2k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -665.5k |
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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| MIZUHO SECURITIES USA LLC 0.11% of their portfolio | 1.0m $11.4m | Unchanged |