Legato Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Legato Capital Management LLC reported 558 stock positions worth $918.0 million. Its top holding was Argan (AGX) at 1.8% of the portfolio, followed by Ies (IESC, 1.5%) and Stonex (SNEX, 1.3%). Compared with Q2 2025, it opened 69 new positions, sold out of 73, added to 135 and reduced 112. The biggest buy was a new position in Climb Global Solutions (CLMB) and the biggest sale an exit from Verona Pharma (VRNA).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001442641
- Portfolio Value
- $918.0M (Q3 2025)
- SEC Filing
- 0001528621-25-001176 ↗ filed Nov 12, 2025
Holdings Value
Holdings 558 stocks · $918.0M
| AGX Argan Inc. | 1.78% | 60,602 | $16.4M | No change |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 1.53% | 35,213 | $14.0M | No change |
| SNEX Stonex Group Inc. | 1.35% | 122,633 | $12.4M | No change |
| NVDA Nvidia Corp. | 1.22% | 60,000 | $11.2M | Add +20.0% |
| GOOGL Alphabet Inc. Class A | 1.18% | 44,477 | $10.8M | Add +0.8% |
| VSEC Vse Corp. | 1.04% | 57,690 | $9.6M | Reduce -3.7% |
| KTOS Kratos Defense & Security | 1.04% | 104,671 | $9.6M | Reduce -17.0% |
| AVGO Broadcom Inc. | 1.01% | 28,116 | $9.3M | Reduce -29.6% |
| NFLX Netflix Inc. | 0.98% | 7,500 | $9.0M | No change |
| LYTS Lsi Industries Inc. | 0.93% | 362,674 | $8.6M | No change |
| AAPL Apple Inc. | 0.89% | 32,234 | $8.2M | No change |
| IIIV I3 Verticals Inc. Class A | 0.87% | 247,394 | $8.0M | No change |
| BGC BGC Group Inc. Class A | 0.86% | 836,419 | $7.9M | No change |
| AGYS Agilysys Inc. | 0.85% | 74,135 | $7.8M | No change |
| SPOT Spotify Technology SA | 0.84% | 11,000 | $7.7M | No change |
| UFPT Ufp Technologies Inc. | 0.82% | 37,785 | $7.5M | No change |
| WINA Winmark Corp. | 0.81% | 14,915 | $7.4M | No change |
| TSLA Tesla Inc. | 0.76% | 15,700 | $7.0M | No change |
| MELI MercadoLibre Inc. | 0.76% | 2,980 | $7.0M | No change |
| STRL Sterling Infrastructure Inc. | 0.72% | 19,484 | $6.6M | Reduce -18.3% |
| PLUS Eplus Inc. | 0.71% | 91,819 | $6.5M | No change |
| TRIP Tripadvisor Inc. | 0.64% | 363,230 | $5.9M | No change |
| BWXT BWX Technologies Inc. | 0.63% | 31,583 | $5.8M | Add +31.7% |
| REGN Regeneron Pharmaceuticals | 0.62% | 10,203 | $5.7M | Add +4.3% |
| DJCO Daily Journal Corp. | 0.61% | 12,027 | $5.6M | Add +29.3% |
| ADI Analog Devices Inc. | 0.61% | 22,665 | $5.6M | No change |
| AMZN Amazon.com Inc. | 0.60% | 25,275 | $5.5M | No change |
| TFIN Triumph Financial Inc. | 0.59% | 109,023 | $5.5M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.59% | 11,000 | $5.4M | No change |
| CWCO Consolidated Water Co.-Ord SH | 0.58% | 150,335 | $5.3M | No change |
| ISRG Intuitive Surgical Inc. | 0.57% | 11,700 | $5.2M | Add +23.2% |
| FSV Firstservice Corp. | 0.55% | 26,695 | $5.1M | No change |
| INSM Insmed Inc. | 0.55% | 34,832 | $5.0M | Reduce -3.5% |
| NOW ServiceNow Inc. | 0.52% | 5,200 | $4.8M | No change |
| SIGA Siga Technologies Inc. | 0.51% | 512,039 | $4.7M | Reduce -4.6% |
| QCOM Qualcomm Inc. | 0.51% | 28,026 | $4.7M | Add +14.4% |
| MSFT Microsoft Corp. | 0.50% | 8,871 | $4.6M | Reduce -1.9% |
| MOD Modine Manufacturing Co. | 0.48% | 31,173 | $4.4M | Add +31.1% |
| FSLR First Solar Inc. | 0.48% | 20,000 | $4.4M | No change |
| ADSK Autodesk Inc. | 0.48% | 13,775 | $4.4M | No change |
| MIR Mirion Technologies Inc. | 0.48% | 188,037 | $4.4M | Add +24.8% |
| SNPS Synopsys Inc. | 0.47% | 8,800 | $4.3M | Add +14.3% |
| ROST Ross Stores Inc. | 0.46% | 27,600 | $4.2M | No change |
| ACN Accenture PLC Class A | 0.46% | 16,984 | $4.2M | Add +31.6% |
| APH Amphenol Corp. Class A | 0.46% | 33,776 | $4.2M | Reduce -13.2% |
| DE Deere & Co. | 0.43% | 8,724 | $4.0M | No change |
| DDOG Datadog Inc. Class A | 0.43% | 28,000 | $4.0M | No change |
| COST Costco Wholesale Corp. | 0.43% | 4,300 | $4.0M | No change |
| AEIS Advanced Energy Industries | 0.42% | 22,714 | $3.9M | Add +18.4% |
| JNJ Johnson & Johnson | 0.42% | 20,721 | $3.8M | Reduce -5.3% |
| CRDO Credo Technology Group Holdi | 0.40% | 25,434 | $3.7M | Reduce -19.7% |
| VEEV Veeva Systems Inc. Class A | 0.40% | 12,300 | $3.7M | No change |
| NOMD Nomad Foods Ltd. | 0.39% | 271,615 | $3.6M | No change |
| WMT Walmart Inc. | 0.39% | 34,561 | $3.6M | Reduce -0.9% |
| ADPT Adaptive Biotechnologies | 0.39% | 238,013 | $3.6M | Add +30.8% |
| AMSC American Superconductor Corp. | 0.38% | 58,848 | $3.5M | Reduce -25.1% |
| ROAD Construction Partners Inc. Class A | 0.38% | 27,343 | $3.5M | Add +131.7% |
| DRS Leonardo DRS Inc. | 0.37% | 75,079 | $3.4M | No change |
| V Visa Inc. Class A | 0.36% | 9,758 | $3.3M | No change |
| JBI Janus International Group Inc. | 0.36% | 336,281 | $3.3M | Add +3.9% |
| REVG Rev Group Inc. | 0.36% | 57,671 | $3.3M | Add +15.2% |
| SYK Stryker Corp. | 0.35% | 8,687 | $3.2M | No change |
| GS Goldman Sachs Group Inc. | 0.35% | 3,978 | $3.2M | No change |
| WFC Wells Fargo & Co. | 0.34% | 37,484 | $3.1M | No change |
| KWR Quaker Chemical Corporation | 0.34% | 23,677 | $3.1M | Add +105.8% |
| ON On Semiconductor | 0.33% | 62,000 | $3.1M | Add +3.3% |
| FN Fabrinet | 0.33% | 8,350 | $3.0M | Reduce -4.1% |
| PIPR Piper Sandler Cos | 0.33% | 8,702 | $3.0M | Add +82.9% |
| MMS Maximus Inc. | 0.33% | 32,848 | $3.0M | Add +46.8% |
| ICE Intercontinental Exchange Inc. | 0.33% | 17,772 | $3.0M | Reduce -7.8% |
| RSI Rush Street Interactive Inc. | 0.33% | 145,782 | $3.0M | Reduce -3.0% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.32% | 89,097 | $3.0M | Add +27.6% |
| JPM JPMorgan Chase & Co. | 0.32% | 9,344 | $2.9M | Reduce -14.9% |
| CLMB Climb Global Solutions Inc. | 0.32% | 21,706 | $2.9M | New |
| HUBS HubSpot Inc. | 0.32% | 6,200 | $2.9M | Add +12.7% |
| LFUS Littelfuse Inc. | 0.31% | 11,159 | $2.9M | Add +49.8% |
| LGND Ligand Pharmaceuticals | 0.31% | 16,297 | $2.9M | Add +40.5% |
| CB Chubb Ltd. | 0.31% | 10,200 | $2.9M | No change |
| ESE Esco Technologies Inc. | 0.31% | 13,577 | $2.9M | Add +7.4% |
| BELFB Bel Fuse Inc. Class B | 0.31% | 20,179 | $2.8M | Reduce -23.2% |
| RGEN Repligen Corp. | 0.31% | 21,100 | $2.8M | Add +31.9% |
| OSIS Osi Systems Inc. | 0.31% | 11,316 | $2.8M | Reduce -16.7% |
| AMT American Tower Corp. | 0.30% | 14,300 | $2.8M | No change |
| SYM Symbotic Inc. | 0.30% | 51,000 | $2.7M | New |
| COHU Cohu Inc. | 0.30% | 134,770 | $2.7M | Add +35.4% |
| UTHR United Therapeutics Corp. | 0.30% | 6,522 | $2.7M | Add +33.0% |
| AYI Acuity Inc. | 0.29% | 7,827 | $2.7M | No change |
| COF Capital One Financial Corp. | 0.29% | 12,678 | $2.7M | Add +35.1% |
| LINC Lincoln Educational Services | 0.29% | 114,473 | $2.7M | No change |
| VC Visteon Corp. | 0.29% | 22,225 | $2.7M | New |
| AMPX Amprius Technologies Inc. | 0.29% | 251,268 | $2.6M | Reduce -9.3% |
| EXPE Expedia Group Inc. | 0.29% | 12,359 | $2.6M | No change |
| ZETA Zeta Global Holdings Corp. Class A | 0.29% | 132,733 | $2.6M | Add +57.1% |
| WDAY Workday Inc. Class A | 0.29% | 10,900 | $2.6M | No change |
| ASTE Astec Industries Inc. | 0.29% | 54,401 | $2.6M | Add +33.1% |
| MTCH Match Group Inc. | 0.28% | 73,672 | $2.6M | No change |
| SYY Sysco Corp. | 0.28% | 31,382 | $2.6M | No change |
| JOUT Johnson Outdoors Inc. Class A | 0.28% | 63,330 | $2.6M | Add +31.2% |
| MIRM Mirum Pharmaceuticals Inc. | 0.28% | 34,567 | $2.5M | Add +8.8% |
| BOOT Boot Barn Holdings Inc. | 0.28% | 15,282 | $2.5M | Reduce -4.6% |
Portfolio Sells Q2 2025 → Q3 2025
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.39 |
| SHO Sunstone Hotel Investors Inc. | Sold out | 0.00% | −0.32 |
| AVGO Broadcom Inc. | Reduce -29.6% | 1.01% | −0.30 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.26 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.26 |
| CLX Clorox Company | Sold out | 0.00% | −0.24 |
| PRGS Progress Software Corp. | Sold out | 0.00% | −0.24 |
| ADMA Adma Biologics Inc. | Reduce -77.8% | 0.05% | −0.24 |
| ALG Alamo Group Inc. | Reduce -60.9% | 0.09% | −0.21 |
| PFGC Performance Food Group Co. | Sold out | 0.00% | −0.19 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.18 |
| ARIS WATER SOLUTIONS INC-A | Reduce -56.6% | 0.13% | −0.18 |
| ACVA Acv Auctions Inc. Class A | Sold out | 0.00% | −0.18 |
| CRI Carter's Inc. | Sold out | 0.00% | −0.18 |
| SPRY Ars Pharmaceuticals Inc. | Reduce -62.1% | 0.04% | −0.17 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.16 |
| PRCT Procept Biorobotics Corp. | Sold out | 0.00% | −0.16 |
| MTZ Mastec Inc. | Reduce -56.2% | 0.16% | −0.16 |
| OLO Olo Inc. Class A | Sold out | 0.00% | −0.15 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -48.0% | 0.13% | −0.15 |
| NUTX Nutex Health Inc. | Sold out | 0.00% | −0.14 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.14 |
| VSH Vishay Intertechnology Inc. | Reduce -46.3% | 0.12% | −0.14 |
| WHD Cactus Inc. Class A | Reduce -25.1% | 0.21% | −0.13 |
| MRC MRC Global Inc. | Sold out | 0.00% | −0.13 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.13 |
| WERN Werner Enterprises Inc. | Reduce -52.5% | 0.09% | −0.13 |
| HCKT The Hackett Group Inc. | Sold out | 0.00% | −0.13 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.12 |
| QTWO Q2 Holdings Inc. | Sold out | 0.00% | −0.12 |
| MGNI Magnite Inc. | Reduce -50.0% | 0.08% | −0.12 |
| MCW Mister Car Wash Inc. | Sold out | 0.00% | −0.12 |
| HUN Huntsman Corp. | Sold out | 0.00% | −0.12 |
| CWST Casella Waste Systems Inc. Class A | Reduce -59.7% | 0.05% | −0.12 |
| KVYO Klaviyo Inc. Class A | Reduce -65.7% | 0.04% | −0.11 |
| CGNT Cognyte Software Ltd. | Sold out | 0.00% | −0.11 |
| WRBY Warby Parker Inc. Class A | Sold out | 0.00% | −0.11 |
| TNDM Tandem Diabetes Care Inc. | Sold out | 0.00% | −0.11 |
| AMED Amedisys Inc. | Sold out | 0.00% | −0.10 |
| HTLD Heartland Express Inc. | Reduce -65.5% | 0.04% | −0.10 |
| TGNA Tegna Inc. | Sold out | 0.00% | −0.10 |
| MDWD Mediwound Ltd. | Sold out | 0.00% | −0.10 |
| DSGX The Descartes Systems Grp | Reduce -60.5% | 0.05% | −0.10 |
| PBPB Potbelly Corp. | Sold out | 0.00% | −0.10 |
| ICE Intercontinental Exchange Inc. | Reduce -7.8% | 0.33% | −0.10 |
| SLAB Silicon Laboratories Inc. | Sold out | 0.00% | −0.09 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.09 |
| GH Guardant Health Inc. | Reduce -59.8% | 0.07% | −0.09 |
| PZZA Papa John's Intl Inc. | Reduce -39.3% | 0.11% | −0.09 |
| ALKT Alkami Technology Inc. | Sold out | 0.00% | −0.09 |
Portfolio Buys Q2 2025 → Q3 2025
| CLMB Climb Global Solutions Inc. | New | 0.32% | +0.32 |
| SYM Symbotic Inc. | New | 0.30% | +0.30 |
| VC Visteon Corp. | New | 0.29% | +0.29 |
| NVDA Nvidia Corp. | Add +20.0% | 1.22% | +0.28 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 1.18% | +0.25 |
| ROAD Construction Partners Inc. Class A | Add +131.7% | 0.38% | +0.23 |
| BWXT BWX Technologies Inc. | Add +31.7% | 0.63% | +0.22 |
| MOD Modine Manufacturing Co. | Add +31.1% | 0.48% | +0.20 |
| ADBE Adobe Inc. | New | 0.19% | +0.19 |
| KWR Quaker Chemical Corporation | Add +105.8% | 0.34% | +0.19 |
| TVTX Travere Therapeutics Inc. | New | 0.18% | +0.18 |
| REYN Reynolds Consumer Products I | New | 0.18% | +0.18 |
| PIPR Piper Sandler Cos | Add +82.9% | 0.33% | +0.17 |
| LGND Ligand Pharmaceuticals | Add +40.5% | 0.31% | +0.16 |
| GSAT Globalstar Inc. | New | 0.15% | +0.15 |
| TBBK The Bancorp Inc. | New | 0.15% | +0.15 |
| MXL Maxlinear Inc. | New | 0.15% | +0.15 |
| DJCO Daily Journal Corp. | Add +29.3% | 0.61% | +0.14 |
| RMBS Rambus Inc. | New | 0.14% | +0.14 |
| MMS Maximus Inc. | Add +46.8% | 0.33% | +0.14 |
| BBNX Beta Bionics Inc. | New | 0.14% | +0.14 |
| ADPT Adaptive Biotechnologies | Add +30.8% | 0.39% | +0.14 |
| ZETA Zeta Global Holdings Corp. Class A | Add +57.1% | 0.29% | +0.13 |
| UTHR United Therapeutics Corp. | Add +33.0% | 0.30% | +0.13 |
| SMTC Semtech Corp. | Add +77.6% | 0.20% | +0.12 |
| IONS Ionis Pharmaceuticals Inc. | New | 0.12% | +0.12 |
| FLS Flowserve Corp. | New | 0.12% | +0.12 |
| AEIS Advanced Energy Industries | Add +18.4% | 0.42% | +0.12 |
| LFUS Littelfuse Inc. | Add +49.8% | 0.31% | +0.11 |
| RVMD Revolution Medicines Inc. | Add +130.8% | 0.18% | +0.11 |
| SYNA Synaptics Inc. | Add +169.6% | 0.18% | +0.11 |
| MBUU Malibu Boats Inc. Class A | Add +107.3% | 0.22% | +0.11 |
| AIR Aar Corp. | New | 0.11% | +0.11 |
| ETN Eaton Corp. PLC | Add +96.0% | 0.23% | +0.11 |
| CYTK Cytokinetics Inc. | New | 0.11% | +0.11 |
| JOUT Johnson Outdoors Inc. Class A | Add +31.2% | 0.28% | +0.10 |
| CURI Curiositystream Inc. | New | 0.10% | +0.10 |
| CPRI Capri Holdings Ltd. | New | 0.10% | +0.10 |
| PATK Patrick Industries Inc. | Add +74.7% | 0.22% | +0.10 |
| PKE Park Aerospace Corp. | New | 0.10% | +0.10 |
| WOR Worthington Enterprises Inc. | New | 0.10% | +0.10 |
| MTH Meritage Homes Corp. | New | 0.10% | +0.10 |
| CCB Coastal Financial Corp. | New | 0.10% | +0.10 |
| JBSS John B. Sanfilippo & Son Inc. | Add +163.3% | 0.16% | +0.09 |
| LAW CS Disco Inc. | New | 0.09% | +0.09 |
| JBTM JBT Marel Corp. | Add +169.8% | 0.14% | +0.09 |
| MIR Mirion Technologies Inc. | Add +24.8% | 0.48% | +0.09 |
| VRNS Varonis Systems Inc. | New | 0.09% | +0.09 |
| ONT Onterris Inc. | Add +78.6% | 0.17% | +0.09 |
| MC Moelis & Co. Class A | Add +199.1% | 0.13% | +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 |