Vault-13

LEGATO MERGER CORP III

ORD SHS · CUSIP G5451A103

1 institutional holders -46 vs Q1 2026
1,040,5631.0m shares reported held*
$11.4mreported value*
0 new 0 added 0 reduced 45 sold out net sold ≈ $210.4m (-19.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.91.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q1 24: 9Q2 24: 43Q3 24: 43Q4 24: 49Q1 25: 47Q2 25: 46Q3 25: 47Q4 25: 49Q1 26: 47Q2 26: 11Q1 24Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q1 20249
Q2 202443
Q3 202443
Q4 202449
Q1 202547
Q2 202546
Q3 202547
Q4 202549
Q1 202647
Q2 20261

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 24: 14 bought or addedQ3 24: 19 cut or sold outQ4 24: 16 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 8 bought or addedQ1 25: 16 cut or sold outQ2 25: 11 bought or addedQ2 25: 15 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 12 cut or sold outQ4 25: 13 bought or addedQ4 25: 22 cut or sold outQ4 25Q1 26: 11 bought or addedQ1 26: 20 cut or sold outQ2 26: 0 bought or addedQ2 26: 45 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241419
Q4 20241614
Q1 2025816
Q2 20251115
Q3 2025812
Q4 20251322
Q1 20261120
Q2 2026045

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60kQ3 25 calls: $40.5kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$40.5k$00.00
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

None

Biggest sellers

Karpus Management, Inc. Sold out -2,139,308-2.1m
BERKLEY W R CORP Sold out -1,466,215-1.5m
AQR Arbitrage LLC Sold out -1,379,225-1.4m
First Trust Capital Management L.P. Sold out -1,323,462-1.3m
Hudson Bay Capital Management LP Sold out -1,163,446-1.2m
Wealthspring Capital LLC Sold out -1,145,553-1.1m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -1,000,000-1.0m
D. E. Shaw & Co., Inc. Sold out -996,187-996.2k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -712,175-712.2k
RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -665,550-665.5k

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MIZUHO SECURITIES USA LLC 0.11% of their portfolio NEW YORK, NY 1,040,5631.0m $11.4m $11.4m 0.11% Unchanged