Legato Merger Corp. III(LEGT)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $0.0M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
LEGT Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Legato Merger Corp. III (LEGT), a Financials sector company. LEGT is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $0.0m in revenue. Based on the latest XBRL financial filings (Q1 2026), Legato Merger Corp. III reports net income of $1.6M, free cash flow of $-320.5K. Top institutional holders of LEGT by reported 13-F value include Karpus Management,, BERKLEY W R, AQR Arbitrage, based on the most recent SEC filings. LEGT trades on the NYSE exchange and files with the SEC under CIK 2002038. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LEGT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Legato Merger Corp. III directly from SEC EDGAR.
Net Income
Q1 2026
$1.6M
Free Cash Flow
Q1 2026
$-320.5K
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-3.9% YoYOperating Income
-54.9% YoYTotal Assets
+3.7% YoYOp. Cash Flow
+6.9% YoY| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Net Income | $7.9M -3.9% | $8.2M |
| Operating Income | $-1.0M -54.9% | $-670.4K |
| Total Assets | $219.8M +3.7% | $211.9M |
| Operating Cash Flow | $-785.9K +6.9% | $-844.5K |
AI Insight: LEGT Financial Trends
LEGT shows minimal operational activity with persistent negative equity of $6M and flat $2M quarterly net income since Q4 2024.
• Net income stabilized at $2M per quarter from Q4 2024 through Q1 2026 after initial volatility.
• Operating income remained flat at approximately $0M across all reported quarters.
• Equity deteriorated from -$5M in early 2024 to -$6M by Q2 2025 and remained there.
⚠ Persistent negative equity position suggests potential solvency concerns for this SPAC structure.
⚠ Absence of revenue across all quarters indicates no completed business combination yet.
AI Insight: LEGT Ratio Trends
ROA has declined steadily from 4.9% in Q3 2024 to 2.9% in Q1 2026, indicating deteriorating asset efficiency for this SPAC.
• ROA peaked at 4.9% in Q3 2024 but has since declined to 2.9% in Q1 2026.
• Asset returns showed volatility in 2024, ranging from 2.3% to 4.9% across quarters.
⚠ ROA trend remains downward with no clear stabilization since mid-2024 peak.
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Available Research
13F Pro tracks comprehensive data for Legato Merger Corp. III including:
Top Institutional Holders of LEGT
Karpus Management, Inc.
$23.5M2,139,308 shBERKLEY W R CORP
$16.1M1,466,215 shAQR Arbitrage LLC
$15.2M1,379,225 shFirst Trust Capital Management L.P.
$14.5M1,323,462 shHudson Bay Capital Management LP
$12.8M1,163,446 shWealthspring Capital LLC
$12.6M1,145,553 shMIZUHO SECURITIES USA LLC
$11.4M1,040,563 shTENOR CAPITAL MANAGEMENT Co., L.P.
$11.0M1,000,000 shD. E. Shaw & Co., Inc.
$10.9M996,187 shHIGHBRIDGE CAPITAL MANAGEMENT LLC
$7.8M712,175 sh
| Fund | Value | Shares |
|---|---|---|
| Karpus Management, Inc. | $23.5M | 2,139,308 |
| BERKLEY W R CORP | $16.1M | 1,466,215 |
| AQR Arbitrage LLC | $15.2M | 1,379,225 |
| First Trust Capital Management L.P. | $14.5M | 1,323,462 |
| Hudson Bay Capital Management LP | $12.8M | 1,163,446 |
| Wealthspring Capital LLC | $12.6M | 1,145,553 |
| MIZUHO SECURITIES USA LLC | $11.4M | 1,040,563 |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $11.0M | 1,000,000 |
| D. E. Shaw & Co., Inc. | $10.9M | 996,187 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | $7.8M | 712,175 |
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Popular Research
Is LEGT a good stock to buy?
13F Pro's AI-powered analysis of Legato Merger Corp. III (LEGT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LEGT are available on the LEGT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own LEGT?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LEGT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Legato Merger Corp. III's investment landscape.