Legato Capital Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), Legato Capital Management LLC reported 566 stock positions worth $765.2 million. Its top holding was Argan (AGX) at 1.4% of the portfolio, followed by Agilysys (AGYS, 1.3%) and Ufp Technologies (UFPT, 1.2%). Compared with Q3 2024, it opened 69 new positions, sold out of 62, added to 144 and reduced 210. The biggest buy was a new position in I3 Verticals Class A (IIIV) and the biggest sale Microsoft (MSFT, shares −45%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0001442641
Portfolio Value
$765.2M (Q4 2024)
SEC Filing
0001821268-25-000016 ↗ filed Jan 29, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $829.0M Q1 2024 Q2 2024: $742.2M Q2 2024 Q3 2024: $809.1M Q3 2024 Q4 2024: $765.2M $765.2M Q4 2024 Q1 2025: $742.2M Q1 2025 Q2 2025: $839.3M Q2 2025 Q3 2025: $918.0M Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 566 stocks · $765.2M
AGX Argan Inc. 1.39% 77,478 $10.6M Reduce -9.4%
AGYS Agilysys Inc. 1.33% 77,470 $10.2M Add +1.4%
UFPT Ufp Technologies Inc. 1.16% 36,229 $8.9M Add +2.2%
SNEX Stonex Group Inc. 1.10% 85,809 $8.4M No change
IESC Ies Holdings Inc. filed as IES HLDGS INC 1.06% 40,293 $8.1M Reduce -25.6%
BGC BGC Group Inc. Class A 0.99% 834,850 $7.6M Reduce -1.1%
AAPL Apple Inc. 0.92% 28,196 $7.1M Reduce -29.8%
LYTS Lsi Industries Inc. 0.92% 362,743 $7.0M Reduce -6.4%
AVGO Broadcom Inc. 0.91% 30,034 $7.0M Reduce -33.4%
PLUS Eplus Inc. 0.84% 86,811 $6.4M No change
TFIN Triumph Financial Inc. 0.76% 64,363 $5.8M No change
WINA Winmark Corp. 0.76% 14,835 $5.8M No change
DJCO Daily Journal Corp. 0.69% 9,305 $5.3M No change
VSEC Vse Corp. 0.68% 54,430 $5.2M Add +5.1%
KRNT Kornit Digital Ltd. 0.63% 156,358 $4.8M Add +307.7%
FSV Firstservice Corp. 0.63% 26,475 $4.8M No change
EVR Evercore Inc. Class A 0.60% 16,657 $4.6M Add +6.0%
NOMD Nomad Foods Ltd. 0.59% 269,555 $4.5M No change
TSLA Tesla Inc. 0.58% 10,900 $4.4M Reduce -29.6%
IIIV I3 Verticals Inc. Class A 0.55% 183,724 $4.2M New
CDMO Avid Bioservices Inc. 0.55% 339,501 $4.2M No change
NFLX Netflix Inc. 0.53% 4,555 $4.1M No change
ACN Accenture PLC Class A 0.53% 11,534 $4.1M Reduce -34.6%
STRL Sterling Infrastructure Inc. 0.52% 23,707 $4.0M Add +4.0%
CWCO Consolidated Water Co.-Ord SH 0.51% 149,525 $3.9M No change
GOOGL Alphabet Inc. Class A 0.50% 20,347 $3.9M Reduce -14.4%
MSFT Microsoft Corp. 0.48% 8,651 $3.6M Reduce -45.1%
SHO Sunstone Hotel Investors Inc. 0.48% 307,871 $3.6M No change
NVDA Nvidia Corp. 0.48% 27,141 $3.6M No change
REVG Rev Group Inc. 0.46% 111,318 $3.5M Add +113.0%
ALAB Astera Labs Inc. 0.44% 25,612 $3.4M Add +68.2%
BWXT BWX Technologies Inc. 0.43% 29,368 $3.3M Add +7.3%
AMZN Amazon.com Inc. 0.43% 14,876 $3.3M No change
MOD Modine Manufacturing Co. 0.42% 27,811 $3.2M Add +18.6%
REGN Regeneron Pharmaceuticals 0.42% 4,507 $3.2M Add +10.0%
SIGA Siga Technologies Inc. 0.42% 532,441 $3.2M Add +14.1%
ADI Analog Devices Inc. 0.42% 15,056 $3.2M Reduce -34.8%
JNJ Johnson & Johnson 0.41% 21,888 $3.2M Reduce -14.0%
WMT Walmart Inc. 0.41% 34,865 $3.2M Reduce -33.5%
ISRG Intuitive Surgical Inc. 0.41% 6,033 $3.1M No change
SYK Stryker Corp. 0.41% 8,664 $3.1M Reduce -44.2%
STGW Stagwell Inc. 0.40% 469,290 $3.1M No change
SPOT Spotify Technology SA 0.40% 6,896 $3.1M No change
V Visa Inc. Class A 0.40% 9,731 $3.1M Reduce -44.9%
AYI Acuity Inc. 0.39% 10,247 $3.0M No change
GS Goldman Sachs Group Inc. 0.39% 5,209 $3.0M No change
SHAK Shake Shack Inc. Class A 0.38% 22,519 $2.9M Add +219.5%
ICE Intercontinental Exchange Inc. 0.37% 19,217 $2.9M Reduce -44.8%
NOW ServiceNow Inc. 0.36% 2,625 $2.8M No change
CSCO Cisco Systems Inc. 0.36% 46,250 $2.7M No change
BOOT Boot Barn Holdings Inc. 0.36% 18,030 $2.7M Add +63.9%
KTOS Kratos Defense & Security 0.35% 102,532 $2.7M Reduce -11.1%
EXPE Expedia Group Inc. 0.35% 14,465 $2.7M Reduce -22.0%
JPM JPMorgan Chase & Co. 0.34% 10,985 $2.6M No change
WFC Wells Fargo & Co. 0.34% 37,484 $2.6M No change
ALSN Allison Transmission Holding 0.34% 24,032 $2.6M No change
AEIS Advanced Energy Industries 0.34% 22,408 $2.6M Add +59.7%
ADSK Autodesk Inc. 0.34% 8,681 $2.6M No change
PYPL PayPal Holdings Inc. 0.33% 29,829 $2.5M Add +24.4%
INSM Insmed Inc. 0.33% 36,871 $2.5M Add +2.2%
MIR Mirion Technologies Inc. 0.33% 145,470 $2.5M Reduce -20.1%
MRK Merck & Co. Inc. 0.33% 25,503 $2.5M Reduce -32.6%
TARS Tarsus Pharmaceuticals Inc. 0.33% 45,656 $2.5M Add +3.4%
PRCT Procept Biorobotics Corp. 0.33% 31,167 $2.5M Reduce -32.0%
BRK.B Berkshire Hathaway Inc. Class B 0.32% 5,479 $2.5M No change
DRS Leonardo DRS Inc. 0.32% 76,419 $2.5M Reduce -39.8%
BLDR Builders Firstsource Inc. 0.32% 17,180 $2.5M Add +1.3%
ITCI Intra-Cellular Therapies Inc. 0.32% 29,364 $2.5M Add +48.1%
OSIS Osi Systems Inc. 0.32% 14,616 $2.4M Add +3.1%
HP Helmerich & Payne 0.32% 76,064 $2.4M Add +93.9%
EMBJ Embraer SA-Spon ADR 0.32% 65,903 $2.4M Add +15.4%
MELI MercadoLibre Inc. 0.31% 1,412 $2.4M No change
MMS Maximus Inc. 0.31% 32,134 $2.4M Add +33.9%
MTZ Mastec Inc. 0.31% 17,524 $2.4M Add +14.0%
BMY Bristol-Myers Squibb Co. 0.31% 42,146 $2.4M No change
JBI Janus International Group Inc. 0.31% 321,430 $2.4M No change
MTSI Macom Technology Solutions H 0.30% 17,938 $2.3M Add +51.3%
LKQ LKQ Corp. 0.30% 63,226 $2.3M Add +10.0%
DE Deere & Co. 0.30% 5,451 $2.3M Reduce -21.2%
AMGN Amgen Inc. 0.30% 8,736 $2.3M No change
DOX Amdocs Ltd. 0.30% 26,630 $2.3M No change
ARIS WATER SOLUTIONS INC-A 0.29% 93,186 $2.2M Add +7.2%
BELFB Bel Fuse Inc. Class B 0.29% 26,982 $2.2M Add +46.5%
FTAI Ftai Aviation Ltd. 0.29% 15,228 $2.2M Reduce -32.9%
LMAT Lemaitre Vascular Inc. 0.28% 23,178 $2.1M Add +2.1%
MAS Masco Corp. 0.28% 29,333 $2.1M No change
WGS Genedx Holdings Corp. 0.28% 27,691 $2.1M Add +88.0%
FRPT Freshpet Inc. 0.27% 14,172 $2.1M Add +24.7%
INVX Innovex International Inc. 0.27% 148,794 $2.1M Add +68.6%
MTCH Match Group Inc. 0.27% 63,280 $2.1M New
SYY Sysco Corp. 0.27% 27,000 $2.1M No change
FN Fabrinet 0.27% 9,378 $2.1M Add +2.8%
COST Costco Wholesale Corp. 0.27% 2,243 $2.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.27% 46,721 $2.1M No change
OLLI Ollie's Bargain Outlet Holdi 0.26% 18,448 $2.0M Add +16.3%
CMCO Columbus McKinnon Corp. 0.26% 54,294 $2.0M Add +68.0%
ENSG The Ensign Group Inc. 0.26% 15,163 $2.0M No change
ELV Elevance Health Inc. 0.26% 5,433 $2.0M Add +11.9%
SLGN Silgan Holdings Inc. 0.26% 38,413 $2.0M Add +37.2%
WAL Western Alliance Bancorp 0.26% 23,817 $2.0M Add +11.5%

Show all 566 holdings

Portfolio Sells Q3 2024 → Q4 2024
MSFT Microsoft Corp. Reduce -45.1% 0.48% −0.36
ICE Intercontinental Exchange Inc. Reduce -44.8% 0.37% −0.32
HON Honeywell International Inc. Reduce -78.3% 0.10% −0.31
ZETA Zeta Global Holdings Corp. Class A Reduce -29.4% 0.24% −0.29
SYK Stryker Corp. Reduce -44.2% 0.41% −0.29
IESC Ies Holdings Inc. Reduce -25.6% 1.06% −0.28
KLAC KLA Corp. Reduce -53.0% 0.19% −0.28
LOW Lowe's Cos Inc. Reduce -52.9% 0.20% −0.24
ACN Accenture PLC Class A Reduce -34.6% 0.53% −0.24
ADI Analog Devices Inc. Reduce -34.8% 0.42% −0.24
AAPL Apple Inc. Reduce -29.8% 0.92% −0.23
TEL Te Connectivity PLC Reduce -53.0% 0.21% −0.23
LSTR Landstar System Inc. Reduce -63.4% 0.11% −0.21
MSM MSC Industrial Direct Co. Class A Sold out 0.00% −0.21
UHT Universal Health RLTY Income Sold out 0.00% −0.21
TMDX Transmedics Group Inc. Sold out 0.00% −0.20
AWR American States Water Co. Reduce -75.5% 0.06% −0.20
MRK Merck & Co. Inc. Reduce -32.6% 0.33% −0.20
THS Treehouse Foods Inc. Sold out 0.00% −0.20
V Visa Inc. Class A Reduce -44.9% 0.40% −0.20
ABBV Abbvie Inc. Reduce -53.0% 0.16% −0.19
LLY Eli Lilly & Co. Reduce -52.8% 0.15% −0.19
OGS One Gas Inc. Reduce -65.3% 0.10% −0.19
MA Mastercard Inc. Class A Reduce -53.0% 0.21% −0.19
SEB Seaboard Corp. Sold out 0.00% −0.18
ASLE Aersale Corp. Sold out 0.00% −0.18
UNH Unitedhealth Group Inc. Reduce -52.9% 0.13% −0.18
KEX Kirby Corp. Sold out 0.00% −0.17
TXN Texas Instruments Inc. Reduce -54.0% 0.13% −0.16
SPTN Spartannash Co. Reduce -75.9% 0.04% −0.16
TBBK The Bancorp Inc. Reduce -77.7% 0.05% −0.16
COP Conocophillips Reduce -52.9% 0.14% −0.16
DMC Del Monte Corp. Reduce -66.8% 0.10% −0.15
AMSC American Superconductor Corp. Reduce -51.5% 0.17% −0.15
RTX RTX Corp. Reduce -52.9% 0.13% −0.15
CVCO Cavco Industries Inc. Sold out 0.00% −0.15
HALO Halozyme Therapeutics Inc. Sold out 0.00% −0.14
EMR Emerson Electric Co. Reduce -53.5% 0.17% −0.14
AJG Arthur J Gallagher & Co. Reduce -42.6% 0.22% −0.14
ZTS Zoetis Inc. Reduce -52.9% 0.09% −0.13
CMCSA Comcast Corp. Class A Reduce -52.9% 0.11% −0.13
SHW The Sherwin-Williams Co. Reduce -36.9% 0.19% −0.13
DCTH Delcath Systems Inc. Sold out 0.00% −0.13
PRCT Procept Biorobotics Corp. Reduce -32.0% 0.33% −0.13
BNL Broadstone Net Lease Inc. Reduce -57.3% 0.08% −0.12
GPC Genuine Parts Co. Sold out 0.00% −0.12
EOLS Evolus Inc. Reduce -40.3% 0.09% −0.12
MTG Mgic Investment Corp. Reduce -43.4% 0.15% −0.12
ACLS Axcelis Technologies Inc. Sold out 0.00% −0.12
HSY The Hershey Co. Sold out 0.00% −0.12

Portfolio Buys Q3 2024 → Q4 2024
IIIV I3 Verticals Inc. Class A New 0.55% +0.55
KRNT Kornit Digital Ltd. Add +307.7% 0.63% +0.51
ALAB Astera Labs Inc. Add +68.2% 0.44% +0.34
AGYS Agilysys Inc. Add +1.4% 1.33% +0.30
SHAK Shake Shack Inc. Class A Add +219.5% 0.38% +0.29
REVG Rev Group Inc. Add +113.0% 0.46% +0.28
MTCH Match Group Inc. New 0.27% +0.27
SAM Boston Beer Company Inc. Class A New 0.26% +0.26
HUBS HubSpot Inc. New 0.26% +0.26
RSI Rush Street Interactive Inc. New 0.25% +0.25
DDOG Datadog Inc. Class A New 0.24% +0.24
ALG Alamo Group Inc. New 0.24% +0.24
MTX Minerals Technologies Inc. New 0.23% +0.23
XMTR Xometry Inc. Class A New 0.21% +0.21
WCC Wesco International Inc. New 0.20% +0.20
CRDO Credo Technology Group Holdi New 0.20% +0.20
WGS Genedx Holdings Corp. Add +88.0% 0.28% +0.20
EXTR Extreme Networks Inc. Add +225.2% 0.24% +0.17
WRBY Warby Parker Inc. Class A New 0.17% +0.17
HP Helmerich & Payne Add +93.9% 0.32% +0.17
JBSS John B. Sanfilippo & Son Inc. New 0.16% +0.16
AEIS Advanced Energy Industries Add +59.7% 0.34% +0.16
LITE Lumentum Holdings Inc. New 0.16% +0.16
TARS Tarsus Pharmaceuticals Inc. Add +3.4% 0.33% +0.15
HCSG Healthcare Services Group Add +215.5% 0.21% +0.15
VSEC Vse Corp. Add +5.1% 0.68% +0.15
RELY Remitly Global Inc. New 0.14% +0.14
MTSI Macom Technology Solutions H Add +51.3% 0.30% +0.14
ITCI Intra-Cellular Therapies Inc. Add +48.1% 0.32% +0.14
RH RH Add +217.8% 0.19% +0.14
FULT Fulton Financial Corp. Add +498.0% 0.16% +0.14
TXRH Texas Roadhouse Inc. Add +230.4% 0.19% +0.14
JBTM JBT Marel Corp. New 0.14% +0.14
GTLS Chart Industries Inc. New 0.13% +0.13
BOOT Boot Barn Holdings Inc. Add +63.9% 0.36% +0.13
FHI Federated Hermes Inc. Add +84.3% 0.24% +0.13
GDYN Grid Dynamics Holdings Inc. New 0.12% +0.12
ELF Elf Beauty Inc. New 0.12% +0.12
CMCO Columbus McKinnon Corp. Add +68.0% 0.26% +0.12
STRL Sterling Infrastructure Inc. Add +4.0% 0.52% +0.11
VRNA Verona Pharma Ltd. Add +132.9% 0.15% +0.11
PIPR Piper Sandler Cos Add +63.6% 0.25% +0.11
BELFB Bel Fuse Inc. Class B Add +46.5% 0.29% +0.11
EVR Evercore Inc. Class A Add +6.0% 0.60% +0.11
INVX Innovex International Inc. Add +68.6% 0.27% +0.11
RDCM Radcom Ltd. New 0.11% +0.11
ARIS WATER SOLUTIONS INC-A Add +7.2% 0.29% +0.11
QDEL Quidelortho Corp. New 0.11% +0.11
QTWO Q2 Holdings Inc. Add +40.0% 0.24% +0.11
BILL Bill Holdings Inc. New 0.11% +0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 678$1.2BAGX, SNEX, IESC, AGYS, VSEC
Q1 2026 726$1.1BAGX, AAPL, AVGO, NVDA, SNEX
Q4 2025 750$1.2BAAPL, NVDA, AVGO, AGX, IESC
Q3 2025 558$918.0MAGX, IESC, SNEX, NVDA, GOOGL
Q2 2025 562$839.3MAGX, SNEX, AVGO, IESC, NFLX
Q1 2025 563$742.2MAGX, SNEX, BGC, UFPT, VSEC
Q4 2024 566$765.2MAGX, AGYS, UFPT, SNEX, IESC
Q3 2024 559$809.1MUFPT, IESC, AAPL, AGX, PLUS
Q2 2024 559$742.2MUFPT, AAPL, AGYS, IESC, AVGO
Q1 2024 563$829.0MAVGO, AAPL, UFPT, IESC, MSFT