Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Legato Merger Corp III (LEGT)

47 + Investors. Track Smart Money conviction in LEGT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
39%

Smart Money Signals — LEGT

Based on 47 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their LEGT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
47 hedge funds hold LEGT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding LEGT is almost the same as a year ago (+1 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🔴

Heavy selling pressure — only 39% buying

14 buying22 selling
Last quarter: 22 funds sold vs only 14 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 4 → 9 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 28% entered in last year

■ 9% conviction (2yr+) ■ 64% medium ■ 28% new
Only 4 funds (9%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💰

Value +4305% but shares only +24% — price-driven

Value
+4304%
Shares
+23%
Last quarter: the total dollar value of institutional holdings rose +4305%, but actual share count only changed +24%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~7 new funds/quarter

4 → 8 → 4 → 9 → 7 new funds/Q
New funds entering each quarter: 8 → 4 → 9 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 4% veterans, 34% new entrants

■ 4% veterans ■ 62% 1-2yr ■ 34% new
Of 47 current holders: 2 (4%) held 2+ years, 29 held 1–2 years, 16 (34%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 98% AUM from top-100 funds

98% from top-100 AUM funds
5 of 47 holders are among the 100 largest funds by AUM, controlling 98% of total institutional value in LEGT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — LEGT

In 2026 Q1, 14 hedge funds were net buyers of LEGT (7 opened a new position, 7 added to an existing one), while 22 reduced or exited (14 trimmed, 8 sold completely) — a 39% buyer ratio, indicating net institutional distribution. 98% of total institutional value in LEGT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 47.

Hedge Fund Ownership: LEGT

How many hedge funds hold LEGT — quarterly history vs. share price
Quarterly hedge fund ownership of LEGT vs. share price

Market Analysis: LEGT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: LEGT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 1 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: LEGT
47 + Investors

Track Smart Money conviction in LEGT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 47 48 -2.08%
13F Shares 21M 17M 23.59%
Total Value $8.02B $182M 4304.62%
New Positions 7 9 -2
Increased Positions 7 6 +1
Closed Positions 8 8 -
Reduced Positions 14 15 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: LEGT

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Institutional Holders (2026 Q1)

47 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in LEGT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 LEGT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 RLH Capital LLC 3.69% 661,580 $7.3M
2 Wealthspring Capital LLC 2.99% 1,145,553 $12.6M
3 L1 Global Manager Pty Ltd 1.10% 150,000 $1.6M
4 Quarry LP 1.05% 530,626 $5.8M
5 Berkley W R Corp 0.87% 1,466,215 $16.1M
6 First Trust Capital Management L.P. 0.76% 1,323,462 $14.5M
7 Karpus Management, Inc. 0.73% 2,139,308 $23.5M
8 Lineage Point Capital LP 0.55% 204,150 $2.2M
9 Rivernorth Capital Management, LLC 0.37% 665,550 $7.3M
10 Meteora Capital, LLC 0.36% 440,658 $4.8M
11 Radcliffe Capital Management, L.P. 0.29% 349,810 $3.8M
12 Mizuho Securities USA LLC 0.27% 1,040,563 $11.4M
13 Highbridge Capital Management LLC 0.25% 712,175 $7.8M
14 AQR Arbitrage LLC 0.25% 1,379,225 $15.2M
15 Westchester Capital Management, LLC 0.24% 483,161 $5.3M
16 TENOR CAPITAL MANAGEMENT Co., L.P. 0.17% 1,000,000 $11.0M
17 Periscope Capital INC. 0.15% 125,000 $1.4M
18 Logan Stone Capital, LLC 0.15% 48,612 $534K
19 Moore Capital Management, LP 0.12% 550,000 $6.0M
20 DLD Asset Management, LP 0.11% 107,984 $1.2M
21 MMCAP International Inc. SPC 0.09% 100,000 $1.1M
22 O'Connor Alternative Investments LLC 0.09% 100,000 $1.1M
23 Fort Baker Capital Management LP 0.05% 54,487 $599K
24 Hudson Bay Capital Management LP 0.04% 1,163,446 $12.8M
25 Shaolin Capital Management LLC 0.04% 100,000 $1.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Legato Merger Corp III (LEGT)

What does the Smart Money Trend signal show for LEGT?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their LEGT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for LEGT?

Heavy selling pressure — only 39% buying: Last quarter: 22 funds sold vs only 14 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for LEGT holders?

Elite ownership — 98% AUM from top-100 funds: 5 of 47 holders are among the 100 largest funds by AUM, controlling 98% of total institutional value in LEGT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held LEGT?

Mostly new holders — 28% entered in last year: Only 4 funds (9%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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