9AT: LEGATO CAPITAL MANAGEMENT, LLC

LEGATO CAPITAL MANAGEMENT, LLC

other names

LEGATO CAPITAL MANAGEMENT, LLC
LEGATO CAPITAL MANAGEMENT LLC

Adviser Profile

As of Date	03/26/2025
ADV Location	SAN FRANCISCO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	4 -33%
of those in investment advisory functions	4
Registration	SEC, Approved, 08/31/2005
Other registrations (1)	California, Terminated, 09/06/2005

AUM^*	1,041,988,852 3%
of that, discretionary	1,041,988,852 14%
Private Fund GAV^*	0 -100%
Avg Account Size	115,776,539 27%
SMA’s	Yes
Private Funds	0 1
Contact Info	415 xxxxxxx
Websites

Client Types

- Pension and profit sharing plans
- State or municipal government entities
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

2B 2B 1B 1B 861M 574M 287M

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Form ADV-E Surprise Examination Reports

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name ASHLAND PARTNERS & COMPANY LLP	Filing Date11/07/2024	Form ADV-E View Report
Accounting Firm Name ASHLAND PARTNERS & COMPANY LLP	Filing Date03/27/2024	Form ADV-E View Report
Accounting Firm Name ASHLAND PARTNERS	Filing Date06/29/2022	Form ADV-E View Report

Top Holdings

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker023135106	Stock NameAMAZON.COM INC	$ Position$9,387,218	% Position1.00%	$ Change69.00%	# Change61.00%
Stck Ticker04010e109	Stock NameARGAN INC	$ Position$12,319,429	% Position1.00%	$ Change-25.00%	# Change-35.00%
Stck Ticker11135f101	Stock NameBROADCOM INC	$ Position$15,205,904	% Position1.00%	$ Change64.00%	# Change56.00%
Stck Ticker294268107	Stock NameEPLUS INC	$ Position$7,959,564	% Position1.00%	$ Change22.00%	# Change-1.00%
Stck Ticker233912104	Stock NameDAILY JOURNAL CORP	$ Position$6,928,228	% Position1.00%	$ Change24.00%	# Change18.00%
Stck Ticker088929104	Stock NameBGC GROUP INC CL A	$ Position$7,557,218	% Position1.00%	$ Change-4.00%	# Change1.00%
Stck Ticker00847j105	Stock NameAGILYSYS INC	$ Position$8,810,203	% Position1.00%	$ Change13.00%	# Change0.00%
Stck Ticker037833100	Stock NameAPPLE INC	$ Position$15,501,185	% Position1.00%	$ Change89.00%	# Change77.00%
Stck Ticker44951w106	Stock NameIES HOLDINGS INC	$ Position$11,800,144	% Position1.00%	$ Change-16.00%	# Change-14.00%
Stck Ticker457669307	Stock NameINSMED INC	$ Position$6,962,644	% Position1.00%	$ Change39.00%	# Change15.00%

Brochure Summary

Overview

Firm Description Legato Capital Management, LLC (“Legato”), a California limited liability company, was formed in February 2004 and is registered as an investment adviser with the United States Securities and Exchange Commission (“SEC”) under the Investment Advisers Act of 1940 (the “Advisers Act”). Legato is a privately held firm that is 100% employee owned, and majority minority owned. The principal owner is Victor L. Hymes, the Founder, President & Chief Executive Officer of Legato. Types of Advisory Services Legato serves as a manager-of-managers for institutional clients and specializes in building customized multi-manager long-only equity portfolios across domestic and international asset classes, styles and capitalization sizes. In constructing multi-manager portfolios, Legato integrates manager selection, asset allocation and risk management processes. Legato provides its manager-of-managers advisory services to institutional clients through separate account or private investment fund structures. As a manager-of-managers, Legato is responsible for selecting other investment advisers (“sub-advisers”), who, in-turn, purchase and sell securities for

the clients’ accounts. The services that Legato typically provides as a manager-of-managers include: (i) identifying and selecting sub-advisers for client portfolios; (ii) allocating client assets among selected sub-advisers; (iii) monitoring the performance and operations of the selected sub-advisers by conducting ongoing due diligence on the sub-advisers; and (iv) client reporting. Legato constructs client portfolios utilizing multiple sub-advisers that are intended to complement one another. Legato generally utilizes sub-advisers that are characterized as “entrepreneurial managers.” These sub-advisers are typically smaller firms, with assets under management of $2 billion or less. Legato tailors its advisory services to the individual needs of each institutional client, including the client’s investment objectives, guidelines and risk parameters. Clients have the ability to impose restrictions on the management of their accounts, such as restrictions on investing in particular securities or types of securities. Assets Under Management All of Legato’s client assets are managed on a discretionary basis. As of December 31, 2023, Legato’s assets under management totaled $1,009,560,089.