Legato Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Legato Capital Management LLC reported 562 stock positions worth $839.3 million. Its top holding was Argan (AGX) at 1.6% of the portfolio, followed by Stonex (SNEX, 1.3%) and Broadcom (AVGO, 1.3%). Compared with Q1 2025, it opened 73 new positions, sold out of 74, added to 165 and reduced 183. The biggest buy was Ies (IESC, shares +1%) and the biggest sale an exit from Stagwell (STGW).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001442641
- Portfolio Value
- $839.3M (Q2 2025)
- SEC Filing
- 0001528621-25-000842 ↗ filed Aug 14, 2025
Holdings Value
Holdings 562 stocks · $839.3M
| AGX Argan Inc. | 1.59% | 60,602 | $13.4M | Reduce -21.6% |
| SNEX Stonex Group Inc. | 1.33% | 122,633 | $11.2M | Reduce -4.7% |
| AVGO Broadcom Inc. | 1.31% | 39,911 | $11.0M | Reduce -1.3% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 1.24% | 35,213 | $10.4M | Add +0.6% |
| NFLX Netflix Inc. | 1.20% | 7,500 | $10.0M | No change |
| UFPT Ufp Technologies Inc. | 1.10% | 37,785 | $9.2M | Add +0.2% |
| BGC BGC Group Inc. Class A | 1.02% | 836,419 | $8.6M | Add +0.4% |
| AGYS Agilysys Inc. | 1.01% | 74,135 | $8.5M | Add +0.4% |
| SPOT Spotify Technology SA | 1.01% | 11,000 | $8.4M | No change |
| NVDA Nvidia Corp. | 0.94% | 50,000 | $7.9M | No change |
| VSEC Vse Corp. | 0.94% | 59,925 | $7.8M | Add +0.5% |
| MELI MercadoLibre Inc. | 0.93% | 2,980 | $7.8M | No change |
| GOOGL Alphabet Inc. Class A | 0.93% | 44,144 | $7.8M | Add +31.5% |
| IIIV I3 Verticals Inc. Class A | 0.81% | 247,394 | $6.8M | Add +0.5% |
| PLUS Eplus Inc. | 0.79% | 91,819 | $6.6M | Add +2.5% |
| AAPL Apple Inc. | 0.79% | 32,234 | $6.6M | Add +0.2% |
| LYTS Lsi Industries Inc. | 0.73% | 362,674 | $6.2M | Add +0.3% |
| TFIN Triumph Financial Inc. | 0.72% | 109,023 | $6.0M | Add +47.1% |
| KTOS Kratos Defense & Security | 0.70% | 126,050 | $5.9M | Add +19.6% |
| WINA Winmark Corp. | 0.67% | 14,915 | $5.6M | Add +0.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.67% | 11,000 | $5.6M | No change |
| AMZN Amazon.com Inc. | 0.66% | 25,275 | $5.5M | No change |
| STRL Sterling Infrastructure Inc. | 0.66% | 23,844 | $5.5M | Add +15.2% |
| ADI Analog Devices Inc. | 0.64% | 22,665 | $5.4M | Add +0.1% |
| NOW ServiceNow Inc. | 0.64% | 5,200 | $5.3M | No change |
| ISRG Intuitive Surgical Inc. | 0.62% | 9,500 | $5.2M | No change |
| REGN Regeneron Pharmaceuticals | 0.61% | 9,784 | $5.1M | No change |
| TSLA Tesla Inc. | 0.59% | 15,700 | $5.0M | Add +2.6% |
| TRIP Tripadvisor Inc. | 0.56% | 363,230 | $4.7M | Add +110.1% |
| FSV Firstservice Corp. | 0.56% | 26,695 | $4.7M | Add +0.8% |
| NOMD Nomad Foods Ltd. | 0.55% | 271,615 | $4.6M | Add +0.8% |
| CWCO Consolidated Water Co.-Ord SH | 0.54% | 150,335 | $4.5M | Add +0.5% |
| MSFT Microsoft Corp. | 0.54% | 9,038 | $4.5M | Reduce -3.4% |
| DE Deere & Co. | 0.53% | 8,724 | $4.4M | Add +0.1% |
| ADSK Autodesk Inc. | 0.51% | 13,775 | $4.3M | No change |
| COST Costco Wholesale Corp. | 0.51% | 4,300 | $4.3M | No change |
| SNPS Synopsys Inc. | 0.47% | 7,700 | $3.9M | No change |
| DJCO Daily Journal Corp. | 0.47% | 9,305 | $3.9M | No change |
| QCOM Qualcomm Inc. | 0.46% | 24,489 | $3.9M | Add +9.7% |
| ACN Accenture PLC Class A | 0.46% | 12,904 | $3.9M | Reduce -14.8% |
| APH Amphenol Corp. Class A | 0.46% | 38,914 | $3.8M | Add +15.9% |
| DDOG Datadog Inc. Class A | 0.45% | 28,000 | $3.8M | Add +1.8% |
| INSM Insmed Inc. | 0.43% | 36,079 | $3.6M | Reduce -13.8% |
| VEEV Veeva Systems Inc. Class A | 0.42% | 12,300 | $3.5M | No change |
| ICE Intercontinental Exchange Inc. | 0.42% | 19,272 | $3.5M | Add +0.3% |
| ROST Ross Stores Inc. | 0.42% | 27,600 | $3.5M | No change |
| SIGA Siga Technologies Inc. | 0.42% | 536,511 | $3.5M | Add +0.8% |
| DRS Leonardo DRS Inc. | 0.42% | 75,079 | $3.5M | Reduce -0.2% |
| V Visa Inc. Class A | 0.41% | 9,758 | $3.5M | Add +0.3% |
| BWXT BWX Technologies Inc. | 0.41% | 23,975 | $3.5M | Reduce -10.8% |
| SYK Stryker Corp. | 0.41% | 8,687 | $3.4M | Add +0.3% |
| WMT Walmart Inc. | 0.41% | 34,865 | $3.4M | No change |
| JNJ Johnson & Johnson | 0.40% | 21,888 | $3.3M | No change |
| FSLR First Solar Inc. | 0.39% | 20,000 | $3.3M | No change |
| MIR Mirion Technologies Inc. | 0.39% | 150,639 | $3.2M | Add +10.7% |
| VRNA Verona Pharma Ltd. | 0.39% | 34,213 | $3.2M | Add +33.0% |
| JPM JPMorgan Chase & Co. | 0.38% | 10,985 | $3.2M | No change |
| AMT American Tower Corp. | 0.38% | 14,300 | $3.2M | No change |
| ON On Semiconductor | 0.37% | 60,000 | $3.1M | No change |
| HUBS HubSpot Inc. | 0.36% | 5,500 | $3.1M | No change |
| OSIS Osi Systems Inc. | 0.36% | 13,584 | $3.1M | Reduce -16.2% |
| WFC Wells Fargo & Co. | 0.36% | 37,484 | $3.0M | No change |
| CB Chubb Ltd. | 0.35% | 10,200 | $3.0M | No change |
| CRDO Credo Technology Group Holdi | 0.35% | 31,672 | $2.9M | Add +379.9% |
| AMSC American Superconductor Corp. | 0.34% | 78,562 | $2.9M | Add +77.1% |
| WHD Cactus Inc. Class A | 0.34% | 65,592 | $2.9M | Add +215.6% |
| GS Goldman Sachs Group Inc. | 0.34% | 3,978 | $2.8M | No change |
| SHO Sunstone Hotel Investors Inc. | 0.32% | 309,441 | $2.7M | Add +0.5% |
| LINC Lincoln Educational Services | 0.31% | 114,473 | $2.6M | Reduce -0.3% |
| MTZ Mastec Inc. | 0.31% | 15,458 | $2.6M | Add +11.6% |
| JBI Janus International Group Inc. | 0.31% | 323,520 | $2.6M | Add +0.7% |
| LKQ LKQ Corp. | 0.31% | 70,797 | $2.6M | No change |
| WDAY Workday Inc. Class A | 0.31% | 10,900 | $2.6M | No change |
| ARIS WATER SOLUTIONS INC-A | 0.31% | 109,989 | $2.6M | Add +7.0% |
| BELFB Bel Fuse Inc. Class B | 0.31% | 26,273 | $2.6M | Add +21.0% |
| PYPL PayPal Holdings Inc. | 0.31% | 34,527 | $2.6M | Add +15.8% |
| FN Fabrinet | 0.31% | 8,707 | $2.6M | Add +7.1% |
| DOX Amdocs Ltd. | 0.30% | 27,891 | $2.5M | Reduce -5.3% |
| ALG Alamo Group Inc. | 0.30% | 11,645 | $2.5M | Reduce -4.7% |
| AEIS Advanced Energy Industries | 0.30% | 19,191 | $2.5M | Reduce -13.5% |
| INVX Innovex International Inc. | 0.29% | 157,578 | $2.5M | Add +11.8% |
| BOOT Boot Barn Holdings Inc. | 0.29% | 16,018 | $2.4M | Add +15.1% |
| ESE Esco Technologies Inc. | 0.29% | 12,644 | $2.4M | Add +15.1% |
| RBC RBC Bearings Inc. | 0.29% | 6,299 | $2.4M | Reduce -12.0% |
| ADMA Adma Biologics Inc. | 0.29% | 132,932 | $2.4M | Add +33.0% |
| MTD Mettler-Toledo International | 0.29% | 2,050 | $2.4M | No change |
| CRS Carpenter Technology | 0.28% | 8,634 | $2.4M | Add +18.9% |
| REVG Rev Group Inc. | 0.28% | 50,064 | $2.4M | Reduce -38.8% |
| SYY Sysco Corp. | 0.28% | 31,382 | $2.4M | Add +16.2% |
| OLLI Ollie's Bargain Outlet Holdi | 0.28% | 17,934 | $2.4M | No change |
| MOD Modine Manufacturing Co. | 0.28% | 23,786 | $2.3M | Add +108.5% |
| AYI Acuity Inc. | 0.28% | 7,827 | $2.3M | Reduce -23.6% |
| ALSN Allison Transmission Holding | 0.27% | 24,032 | $2.3M | No change |
| MTCH Match Group Inc. | 0.27% | 73,672 | $2.3M | Add +16.4% |
| MTSI Macom Technology Solutions H | 0.27% | 15,864 | $2.3M | Add +57.2% |
| ILMN Illumina Inc. | 0.27% | 23,600 | $2.3M | No change |
| RSI Rush Street Interactive Inc. | 0.27% | 150,314 | $2.2M | Reduce -11.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.26% | 46,721 | $2.2M | No change |
| WCC Wesco International Inc. | 0.26% | 11,933 | $2.2M | Reduce -18.4% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.26% | 69,808 | $2.2M | Add +364.0% |
Portfolio Sells Q1 2025 → Q2 2025
| STGW Stagwell Inc. | Sold out | 0.00% | −0.38 |
| CORT Corcept Therapeutics Inc. | Reduce -50.4% | 0.12% | −0.31 |
| PLMR Palomar Holdings Inc. | Reduce -71.5% | 0.12% | −0.29 |
| SR Spire Inc. | Sold out | 0.00% | −0.26 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.25 |
| LBRDA Liberty Broadband-A | Sold out | 0.00% | −0.23 |
| WAL Western Alliance Bancorp | Reduce -66.0% | 0.09% | −0.20 |
| CSCO Cisco Systems Inc. | Reduce -49.5% | 0.19% | −0.19 |
| MMS Maximus Inc. | Reduce -44.9% | 0.19% | −0.19 |
| ACN Accenture PLC Class A | Reduce -14.8% | 0.46% | −0.18 |
| AVA Avista Corp. | Sold out | 0.00% | −0.17 |
| GTY Getty Realty Corp. | Reduce -61.5% | 0.07% | −0.16 |
| SLGN Silgan Holdings Inc. | Reduce -60.0% | 0.10% | −0.16 |
| BTSG Brightspring Health Services | Sold out | 0.00% | −0.16 |
| WGS Genedx Holdings Corp. | Reduce -53.9% | 0.12% | −0.16 |
| EMBJ Embraer SA-Spon ADR | Reduce -44.0% | 0.25% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -25.0% | 0.24% | −0.16 |
| ATSG Air Transport Services Group | Sold out | 0.00% | −0.15 |
| TARS Tarsus Pharmaceuticals Inc. | Reduce -52.4% | 0.07% | −0.15 |
| SPTN Spartannash Co. | Sold out | 0.00% | −0.15 |
| MYO Myomo Inc. | Reduce -74.8% | 0.02% | −0.14 |
| OGS One Gas Inc. | Sold out | 0.00% | −0.13 |
| AIOT Powerfleet Inc. | Sold out | 0.00% | −0.13 |
| EIG Employers Holdings Inc. | Reduce -54.5% | 0.08% | −0.13 |
| AXGN Axogen Inc. | Sold out | 0.00% | −0.13 |
| KRYS Krystal Biotech Inc. | Sold out | 0.00% | −0.13 |
| PAY Paymentus Holdings Inc. Class A | Reduce -58.4% | 0.11% | −0.12 |
| LGND Ligand Pharmaceuticals | Reduce -40.7% | 0.16% | −0.12 |
| SRAD Sportradar Group AG-A | Sold out | 0.00% | −0.12 |
| MASI Masimo Corp. | Sold out | 0.00% | −0.12 |
| BMRC Bank of Marin Bancorp | Sold out | 0.00% | −0.12 |
| LTH Life Time Group Holdings Inc. | Sold out | 0.00% | −0.12 |
| CSGS CSG Systems Intl Inc. | Reduce -36.3% | 0.18% | −0.11 |
| TILE Interface Inc. | Sold out | 0.00% | −0.11 |
| EEFT Euronet Worldwide Inc. | Reduce -68.1% | 0.04% | −0.11 |
| MMSI Merit Medical Systems Inc. | Sold out | 0.00% | −0.11 |
| LMAT Lemaitre Vascular Inc. | Reduce -36.9% | 0.13% | −0.11 |
| EVER Everquote Inc. Class A | Reduce -44.0% | 0.09% | −0.11 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −0.11 |
| GATX Gatx Corp. | Reduce -72.0% | 0.03% | −0.10 |
| AXSM Axsome Therapeutics Inc. | Reduce -56.9% | 0.05% | −0.10 |
| SFNC Simmons First Natl Corp. Class A | Reduce -73.6% | 0.03% | −0.10 |
| AWR American States Water Co. | Sold out | 0.00% | −0.10 |
| CPRX Catalyst Pharmaceuticals Inc. | Reduce -43.9% | 0.08% | −0.10 |
| JBSS John B. Sanfilippo & Son Inc. | Reduce -49.8% | 0.06% | −0.10 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.10 |
| NEOG Neogen Corp. | Sold out | 0.00% | −0.10 |
| MWA Mueller Water Products Inc. Class A | Reduce -48.3% | 0.07% | −0.09 |
| EOLS Evolus Inc. | Reduce -83.3% | 0.01% | −0.09 |
| FTDR Frontdoor Inc. | Sold out | 0.00% | −0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| IESC Ies Holdings Inc. | Add +0.6% | 1.24% | +0.46 |
| STRL Sterling Infrastructure Inc. | Add +15.2% | 0.66% | +0.34 |
| CRDO Credo Technology Group Holdi | Add +379.9% | 0.35% | +0.31 |
| AGYS Agilysys Inc. | Add +0.4% | 1.01% | +0.29 |
| KTOS Kratos Defense & Security | Add +19.6% | 0.70% | +0.28 |
| AMSC American Superconductor Corp. | Add +77.1% | 0.34% | +0.23 |
| TRIP Tripadvisor Inc. | Add +110.1% | 0.56% | +0.23 |
| GOOGL Alphabet Inc. Class A | Add +31.5% | 0.93% | +0.23 |
| LEU Centrus Energy Corp. Class A | New | 0.22% | +0.22 |
| SHOO Steven Madden Ltd. | New | 0.22% | +0.22 |
| WHD Cactus Inc. Class A | Add +215.6% | 0.34% | +0.21 |
| LFUS Littelfuse Inc. | New | 0.20% | +0.20 |
| YETI Yeti Holdings Inc. | Add +364.0% | 0.26% | +0.20 |
| CCK Crown Holdings Inc. | New | 0.19% | +0.19 |
| SSNC Ss&c Technologies Holdings | New | 0.19% | +0.19 |
| COHU Cohu Inc. | Add +347.2% | 0.23% | +0.18 |
| VRNA Verona Pharma Ltd. | Add +33.0% | 0.39% | +0.17 |
| APH Amphenol Corp. Class A | Add +15.9% | 0.46% | +0.16 |
| MOD Modine Manufacturing Co. | Add +108.5% | 0.28% | +0.16 |
| FOUR SHIFT4 Payments Inc. Class A | Add +349.4% | 0.18% | +0.14 |
| TFIN Triumph Financial Inc. | Add +47.1% | 0.72% | +0.14 |
| MGNI Magnite Inc. | Add +62.7% | 0.20% | +0.14 |
| MTSI Macom Technology Solutions H | Add +57.2% | 0.27% | +0.13 |
| ATKR Atkore Inc. | New | 0.13% | +0.13 |
| ELF Elf Beauty Inc. | New | 0.13% | +0.13 |
| BE Bloom Energy Corp. Class A | New | 0.12% | +0.12 |
| CELH Celsius Holdings Inc. | New | 0.12% | +0.12 |
| ETN Eaton Corp. PLC | New | 0.12% | +0.12 |
| MIR Mirion Technologies Inc. | Add +10.7% | 0.39% | +0.12 |
| LITE Lumentum Holdings Inc. | Add +113.1% | 0.18% | +0.12 |
| PI Impinj Inc. | New | 0.11% | +0.11 |
| DAVE Dave Inc. | New | 0.11% | +0.11 |
| WRBY Warby Parker Inc. Class A | New | 0.11% | +0.11 |
| CRS Carpenter Technology | Add +18.9% | 0.28% | +0.11 |
| TNDM Tandem Diabetes Care Inc. | New | 0.11% | +0.11 |
| FIVE Five Below | New | 0.10% | +0.10 |
| VRRM Verra Mobility Corp. | Add +188.5% | 0.16% | +0.10 |
| WING Wingstop Inc. | New | 0.10% | +0.10 |
| MAMA Mama's Creations Inc. | Add +897.0% | 0.11% | +0.10 |
| ORN Orion Group Holdings Inc. | New | 0.10% | +0.10 |
| CORZ Core Scientific Inc. | New | 0.10% | +0.10 |
| BKSY Blacksky Technology Inc. | New | 0.10% | +0.10 |
| MTZ Mastec Inc. | Add +11.6% | 0.31% | +0.10 |
| SLAB Silicon Laboratories Inc. | New | 0.09% | +0.09 |
| ONON On Holding AG Class A | New | 0.09% | +0.09 |
| MIRM Mirum Pharmaceuticals Inc. | Add +91.9% | 0.19% | +0.09 |
| GTLS Chart Industries Inc. | New | 0.09% | +0.09 |
| FN Fabrinet | Add +7.1% | 0.31% | +0.09 |
| KMDA Kamada Ltd. | New | 0.09% | +0.09 |
| BOOT Boot Barn Holdings Inc. | Add +15.1% | 0.29% | +0.09 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 678 | $1.2B | AGX, SNEX, IESC, AGYS, VSEC |
| Q1 2026 | 726 | $1.1B | AGX, AAPL, AVGO, NVDA, SNEX |
| Q4 2025 | 750 | $1.2B | AAPL, NVDA, AVGO, AGX, IESC |
| Q3 2025 | 558 | $918.0M | AGX, IESC, SNEX, NVDA, GOOGL |
| Q2 2025 | 562 | $839.3M | AGX, SNEX, AVGO, IESC, NFLX |
| Q1 2025 | 563 | $742.2M | AGX, SNEX, BGC, UFPT, VSEC |
| Q4 2024 | 566 | $765.2M | AGX, AGYS, UFPT, SNEX, IESC |
| Q3 2024 | 559 | $809.1M | UFPT, IESC, AAPL, AGX, PLUS |
| Q2 2024 | 559 | $742.2M | UFPT, AAPL, AGYS, IESC, AVGO |
| Q1 2024 | 563 | $829.0M | AVGO, AAPL, UFPT, IESC, MSFT |