Legato Merger Corp III (LEGT)

• Sector: Financials
• Industry: Blank Checks

Market Cap: $263M

About: Legato Merger Corp III is a blank check company.

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

3,400% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 1

596% more capital invested

Capital invested by funds: $23.5M [Q1] → $164M (+$140M) [Q2]

425% more funds holding

Funds holding: 8 [Q1] → 42 (+34) [Q2]

200% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]

62.75% more ownership

Funds ownership: 0% [Q1] → 62.75% (+62.75%) [Q2]

33% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 3