LEGT β€” LEGATO MERGER CORP III

Ownership history in PERISCOPE CAPITAL INC.  Β·  7 quarters on record

This page tracks every 13F SEC filing in which PERISCOPE CAPITAL INC. reported a position in LEGATO MERGER CORP III (LEGT). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
3.43% (2024 Q2)
πŸ“Š Avg. % of fund
1.76%
πŸ“… First filed
2024 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
7

Position Intelligence

PERISCOPE CAPITAL INC. Γ— LEGT AI Analytics

πŸ“‰ PERISCOPE CAPITAL INC. underperformed the S&P 500 by –10.5% annually on this LEGT position. Timing score: 0% (0/4 decisions correct). Maximum drawdown during holding period: –0.0%.

πŸ“ˆ Position Alpha vs SPY
-10.5%
annualised excess return

❌ Significantly underperformed the S&P 500 by 10.5% ann.
5 quarters analyzed

⏱️ Timing Score
0%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
0 of 4 add/trim decisions correct

πŸ›‘οΈ Drawdown Resilience
–0.0%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
17%
buy-side decisions

1 add Β· 5 trims. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.25% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    LEGT price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 7 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 203,200 -121,800 -37.5% 0.25% $2.2M $10.88
2025 Q3 UNCHANGED 325,000 β€” 0% 0.56% $3.50B $10.74
2025 Q2 REDUCED 325,000 -50,000 -13.3% 0.76% $3.47B $10.68
2025 Q1 REDUCED 375,000 -50,000 -11.8% 1.70% $3.93B $10.49
2024 Q4 REDUCED 425,000 -175,000 -29.2% 2.42% $4.37B $10.29
2024 Q3 REDUCED 600,000 -399,600 -40.0% 3.18% $6.12B $10.19
2024 Q2 INITIATED 999,600 β€” β€” 3.43% $10.11B β€”

🏒 Other funds also holding LEGT

As of 2025 Q4 β€” sorted by position size

Wealthspring Capital LLC 3Y 3.74% Kepos Capital LP 3Y 7Y 0.93% RIVERNORTH CAPITAL MANAGEMENT, LLC 3Y 7Y 0.4% METEORA CAPITAL, LLC 3Y 0.32% AQR Arbitrage LLC 3Y 7Y 0.32% Bulldog Investors, LLP 3Y 7Y 0.31% Logan Stone Capital, LLC 3Y 0.25% Westchester Capital Management, LLC 3Y 7Y 0.22% Radcliffe Capital Management, L.P. 3Y 7Y 0.21% Mint Tower Capital Management B.V. 3Y 7Y 0.19%
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