Legato Capital Management portfolio

What changed this quarter

789 positions with a change (144 new, 227 added to, 229 trimmed, 189 sold); also, 3 exited through an acquisition or merger. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Sterling Infrastructure−64%fewer sharesReduced
  0.8% → 0.5%
• Apple−39%fewer sharesReduced
  1.4% → 0.9%
• Broadcom−36%fewer sharesReduced
  1.4% → 1.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• ArganAGX2.0%
• StoneX GroupSNEX1.3%
• IES HoldingsIESC1.3%
• AgilysysAGYS1.2%
• VSEVSEC1.1%
• BroadcomAVGO1.0%
• NVIDIANVDA0.9%
• LSI IndustriesLYTS0.9%
• AppleAAPL0.9%
• Triumph FinancialTFIN0.8%
• UFP TechnologiesUFPT0.8%
• Lincoln Educational ServicesLINC0.8%
• BGC GroupBGC0.8%
• Modine ManufacturingMOD0.7%
• MicrosoftMSFT0.6%
• NB BancorpNBBK0.6%
• AlphabetGOOGL0.6%
• WinmarkWINA0.6%
• Oil DRI Corp AmerODC0.6%
• ePlusPLUS0.6%
• FirstServiceFSV0.6%
• GrahamGHM0.6%
• Mirum PharmaceuticalsMIRM0.6%
• CECO EnvironmentalCECO0.6%
• COHUCOHU0.6%
• Sterling InfrastructureSTRL0.5%
• Daily JournalDJCO0.5%
• SemtechSMTC0.5%
• Revolution MedicinesRVMD0.5%
• BWX TechnologiesBWXT0.5%
• Carpenter TechnologyCRS0.5%
• Ultra Clean HoldingsUCTT0.5%
• Adaptive BiotechnologiesADPT0.5%
• EcovystECVT0.5%
• Kiniksa Pharmaceuticals InternationalKNSA0.5%
• YETI HoldingsYETI0.4%
• OusterOUST0.4%
• Amazon.comAMZN0.4%
• XometryXMTR0.4%
• i3 VerticalsIIIV0.4%
• Lattice SemiconductorLSCC0.4%
• Travere TherapeuticsTVTX0.4%
• Ligand PharmaceuticalsLGND0.4%
• TeslaTSLA0.4%
• Climb Global SolutionsCLMB0.4%
• NayaxNYAX0.4%
• Callaway GolfCALY0.4%
• Powell IndustriesPOWL0.4%
• Axsome TherapeuticsAXSM0.4%
• ArterisAIP0.4%
• Best BuyBBY0.4%
• Consolidated WaterCWCO0.4%
• Sphere EntertainmentSPHR0.4%
• Cisco SystemsCSCO0.4%
• MercadoLibreMELI0.4%
• Bristol-myers SquibbBMY0.4%
• Lindblad Expeditions HoldingsLIND0.4%
• Werner EnterprisesWERN0.4%
• AmgenAMGN0.3%
• Home DepotHD0.3%
• Bank of AmericaBAC0.3%
• BrightSpring Health ServicesBTSG0.3%
• CitigroupC0.3%
• Hinge HealthHNGE0.3%
• Analog DevicesADI0.3%
• Tower SemiconductorTSEM0.3%
• MerckMRK0.3%
• CrowdStrike HoldingsCRWD0.3%
• Costco WholesaleCOST0.3%
• FormFactorFORM0.3%
• NetflixNFLX0.3%
• Coca-ColaKO0.3%
• TargetTGT0.3%
• International Business MachinesIBM0.3%
• JPMorgan ChaseJPM0.3%
• TangerSKT0.3%
• KeyCorpKEY0.3%
• MaxLinearMXL0.3%
• ONTO InnovationONTO0.3%
• United Parcel ServiceUPS0.3%
• Eversource EnergyES0.3%
• DiodesDIOD0.3%
• International PaperIP0.3%
• Everus Construction GroupECG0.3%
• OneokOKE0.3%
• Verizon CommunicationsVZ0.3%
• Zeta Global HoldingsZETA0.3%
• SalesforceCRM0.3%
• Palvella TherapeuticsPVLA0.3%
• LennarLEN0.3%
• Truist FinancialTFC0.3%
• Corcept TherapeuticsCORT0.3%
• Leonardo DRSDRS0.3%
• TFI InternationalTFII0.3%
• L3harris TechnologiesLHX0.3%
• Omnicom GroupOMC0.3%
• Once Upon a Farm, PBCOFRM0.3%
• PfizerPFE0.3%
• Healthcare Services GroupHCSG0.3%
• McDONALD’SMCD0.3%