Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in LEGT held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Karpus Management, Inc. | 2.1M | $23.5M | — | 10.345% | 0.73% |
| 2 | BERKLEY W R CORP | 1.5M | $16.1M | +360.0% | 7.090% | 0.87% |
| 3 | CNH PARTNERS LLC | 1.4M | $15.2M | -0.1% | 6.669% | 0.25% |
| 4 | Vivaldi Asset Management, LLC | 1.3M | $14.5M | -0.1% | 6.399% | 0.76% |
| 5 | Hudson Bay Capital Management LP | 1.2M | $12.8M | +0.7% | 5.626% | 0.14% |
| 6 | Wealthspring Capital LLC | 1.1M | $12.6M | -21.3% | 5.539% | 2.99% |
| 7 | MIZUHO SECURITIES USA LLC | 1.0M | $11.4M | +348.2% | 5.032% | 0.27% |
| 8 | TENOR CAPITAL MANAGEMENT Co., L.P. | 1.0M | $11.0M | 0.0% | 4.835% | 0.17% |
| 9 | D. E. Shaw & Co., Inc. | 996K | $10.9M | 0.0% | 4.817% | 0.01% |
| 10 | HIGHBRIDGE CAPITAL MANAGEMENT LLC | 712K | $7.8M | +60.2% | 3.444% | 0.50% |
| 11 | JPMORGAN CHASE & CO | 712K | $7.8M | — | 3.444% | 0.50% |
| 12 | RIVERNORTH CAPITAL MANAGEMENT, LLC | 666K | $7.3M | -15.0% | 3.218% | 0.37% |
| 13 | MOORE CAPITAL MANAGEMENT, LP | 550K | $6.0M | 0.0% | 2.659% | 0.14% |
| 14 | Quarry LP | 531K | $5.8M | — | 2.566% | 1.12% |
| 15 | Westchester Capital Management, LLC | 483K | $5.3M | 0.0% | 2.336% | 0.25% |
| 16 | LINDEN ADVISORS LP | 451K | $5.0M | +0.1% | 2.179% | 0.03% |
| 17 | METEORA CAPITAL, LLC | 441K | $4.8M | +26.5% | 2.131% | 0.36% |
| 18 | PICTON MAHONEY ASSET MANAGEMENT | 400K | $4.4M | 0.0% | 1.934% | 0.04% |
| 19 | Alberta Investment Management Corp | 400K | $4.4M | 0.0% | 1.934% | 0.03% |
| 20 | Radcliffe Capital Management, L.P. | 350K | $3.8M | 0.0% | 1.692% | 0.29% |
| 21 | WOLVERINE ASSET MANAGEMENT LLC | 306K | $3.4M | -0.4% | 1.478% | 0.06% |
| 22 | LMR Partners LLP | 300K | $3.3M | 0.0% | 1.451% | 0.03% |
| 23 | DEUTSCHE BANK AG\ | 243K | $2.7M | -17.1% | 1.175% | 0.00% |
| 24 | MILLENNIUM MANAGEMENT LLC | 214K | $2.4M | -21.1% | 1.035% | 0.00% |
| 25 | Lineage Point Capital LP | 204K | $2.2M | -55.0% | 0.987% | 0.55% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in LEGT — a direct measure of their conviction.
Filings activity in LEGT during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new LEGT position in Q1 2026
Institutions that fully closed their LEGT position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 47 | 2.1% | 113.08% | +22.03 pp | $220M | +24% |
| Q4 2025 | 48 | +4.3% | 91.05% | 11.13 pp | $177M | 11% |
| Q3 2025 | 46 | +0.0% | 102.18% | +0.29 pp | $199M | +0.3% |
| Q2 2025 | 46 | 2.1% | 101.89% | +3.87 pp | $198M | +4.0% |
| Q1 2025 | 47 | 4.1% | 98.02% | +4.73 pp | $191M | +5.1% |
| Q4 2024 | 49 | +14% | 93.29% | +10.23 pp | $182M | +12% |
| Q3 2024 | 43 | +0.0% | 83.06% | +5.43 pp | $162M | +7.0% |
| Q2 2024 | 43 | — | 77.63% | — | $151M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying LEGT stock.
Based on Q1 2026 13F filings, institutional ownership of Legato Merger Corp. III stands at 113.1%, held across 47 reporting institutions.
Karpus Management, Inc. is the largest reported institutional holder of LEGT, with approximately 2,139,308 shares worth $0.02B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of LEGT, including MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for LEGT is 54 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
6 institutions opened new positions in LEGT during Q1 2026, while 7 fully exited. 31 added to existing positions and 10 trimmed.
LEGT institutional ownership rose by 22.03 percentage points quarter-over-quarter, with a net change of -1 holders.
The top 10 institutions account for 61.6% of all reported 13F value in LEGT, and the top 25 account for 92.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Legato Merger Corp. III (LEGT) Institutional Ownership