LEGATO MERGER CORP III
*W EXP 05/08/203 · CUSIP G5451A111
35
institutional holders
+1 vs Q2 2025
8.3m
shares reported held*
$3.1mreported value*
3 new
2 added
10 reduced
1 sold out
net bought ≈ $46.9k (+242.3k 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 ≈ $0.38. Options: 1 managers hold calls ($55.7k notional), 0 hold puts (—).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 8 |
| Q2 2024 | 35 |
| Q3 2024 | 31 |
| Q4 2024 | 32 |
| Q1 2025 | 32 |
| Q2 2025 | 34 |
| Q3 2025 | 35 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 31 | 2 |
| Q3 2024 | 9 | 9 |
| Q4 2024 | 6 | 9 |
| Q1 2025 | 7 | 9 |
| Q2 2025 | 11 | 7 |
| Q3 2025 | 5 | 11 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $53.4k | $0 | 0.00 |
| Q1 2025 | $71.3k | $0 | 0.00 |
| Q2 2025 | $80.3k | $0 | 0.00 |
| Q3 2025 | $55.7k | $0 | 0.00 |
Biggest buyers
| TORONTO DOMINION BANK | Added | +252.5k |
| READYSTATE ASSET MANAGEMENT LP | New | +81.6k |
| BNP PARIBAS FINANCIAL MARKETS | New | +53.4k |
| TrueMark Investments, LLC | New | +10.0k |
| Decagon Asset Management LLP | Added | +7.1k |
Biggest sellers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Reduced | -120.1k |
| AQR Arbitrage LLC | Reduced | -53.4k |
| CANTOR FITZGERALD, L. P. | Sold out | -50.0k |
| Periscope Capital Inc. | Reduced | -25.1k |
| Verition Fund Management LLC | Reduced | -15.2k |
| Schonfeld Strategic Advisors LLC | Reduced | -10.3k |
| Bulldog Investors, LLP | Reduced | -4.1k |
| GRITSTONE ASSET MANAGEMENT LLC | Reduced | -2.4k |
| Shaolin Capital Management LLC | Reduced | -800 |
| Walleye Capital LLC | Reduced | -514 |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Added | $55.7k149.9k shares |
Biggest puts
| None |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| TORONTO DOMINION BANK 0.00% of their portfolio | 884.2k $328.0k | Added +252.5k |
| AQR Arbitrage LLC 0.01% of their portfolio | 783.2k $290.7k | Reduced -53.4k |
| Walleye Capital LLC 0.00% of their portfolio | 646.3k $239.9k | Reduced -514 |
| Harraden Circle Investments, LLC 0.04% of their portfolio | 607.6k $227.8k | Unchanged |
| Periscope Capital Inc. 0.05% of their portfolio | 549.9k $206.2k | Reduced -25.1k |
| Shaolin Capital Management LLC 0.01% of their portfolio | 549.2k $203.9k | Reduced -800 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 399.5k $139.8k | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.01% of their portfolio | 378.0k $132.3k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 275.0k $102.1k | Unchanged |
| CSS LLC/IL 0.01% of their portfolio | 271.6k $100.8k | Unchanged |
| Decagon Asset Management LLP 0.05% of their portfolio | 252.7k $93.8k | Added +7.1k |
| GRITSTONE ASSET MANAGEMENT LLC 0.09% of their portfolio | 231.6k $86.0k | Reduced -2.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 225.0k $83.5k | Unchanged |
| Linden Advisors LP 0.00% of their portfolio | 225.0k $84.4k | Unchanged |
| Verition Fund Management LLC 0.00% of their portfolio | 201.6k $74.8k | Reduced -15.2k |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 200.0k $74.2k | Unchanged |
| Alberta Investment Management Corp 0.00% of their portfolio | 200.0k $74.2k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 200.0k $75.0k | Unchanged |
| Wealthspring Capital LLC 0.01% of their portfolio | 173.2k $60.6k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 154.2k $57.2k | First filing |
| LMR Partners LLP 0.00% of their portfolio | 150.0k $55.7k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 136.1k $50.5k | Unchanged |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 133.2k $49.5k | Reduced -120.1k |
| READYSTATE ASSET MANAGEMENT LP 0.00% of their portfolio | 81.6k $30.3k | New |
| Mint Tower Capital Management B.V. 0.00% of their portfolio | 75.0k $28.0k | Unchanged |
| Bulldog Investors, LLP 0.01% of their portfolio | 66.9k $23.4k | Reduced -4.1k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 66.3k $24.9k | Reduced -10.3k |
| MASO CAPITAL PARTNERS Ltd 0.04% of their portfolio | 62.5k $23.2k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 53.4k $20.0k | New |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 52.0k $19.5k | Unchanged |
| Context Capital Management, LLC 0.00% of their portfolio | 50.0k $18.6k | Unchanged |
| MMCAP International Inc. SPC 0.00% of their portfolio | 50.0k $18.6k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 20.0k $7.4k | Unchanged |
| TrueMark Investments, LLC 0.00% of their portfolio | 10.0k $3.8k | New |
| UBS Group AG 0.00% of their portfolio | 1.1k $378 | Reduced -502 |