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Legato Capital Management, LLC
Victor L. Hymes · Investment Advisor · Multi-Strategy
Legato Capital Management, LLC is a privately held investment advisory firm founded in 2004 and based in San Francisco. Registered with the SEC, the firm is 100% employee-owned and specializes in managing customized multi-manager, long-only equity portfolios for institutional clients. Its primary focus is on identifying and partnering with smaller, entrepreneurial investment managers, typically those with less than $2 billion in assets under management, across domestic and international markets. The firm tailors its services to meet specific client objectives, guidelines, and risk parameters through a disciplined selection process.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +18.0% |
| YTD return | +11.4% |
| Sharpe ratio | 3.69 |
| Win rate | 42% |
| AUM | $0.2B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.2B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.legatocm.com/ |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AGYS | Agilysys Inc | 7.1% | -6.7% |
| IESC | IES Holdings Inc | 6.9% | +34.9% |
| SNEX | Stonex Group Inc | 6.9% | +24.1% |
| AAPL | Apple Inc | 6.1% | +25.5% |
| NVDA | NVIDIA Corporation | 6.1% | +19.4% |
| AGX | Argan Inc | 5.8% | -11.1% |
| AVGO | Broadcom Inc | 5.6% | +5.3% |
| MSFT | Microsoft Corporation | 5.2% | +21.4% |
| BGC | BGC Group Inc. | 5.1% | +23.8% |
| VSEC | VSE Corporation | 5.1% | -3.1% |
| UFPT | UFP Technologies Inc | 4.9% | +12.6% |
| GOOGL | Alphabet Inc Class A | 4.5% | +31.0% |
| TFIN | Triumph Financial, Inc. | 4.1% | +7.2% |
| NBBK | NB Bancorp, Inc. Common Stock | 4.1% | -0.9% |
| LYTS | LSI Industries Inc | 4.0% | -12.1% |
| PLUS | ePlus inc | 3.9% | +12.2% |
| ADPT | Adaptive Biotechnologies Corp | 3.9% | +15.3% |
| SMTC | Semtech Corporation | 3.6% | 0.0% |
| DJCO | Daily Journal Corp | 3.5% | +7.3% |
| KNSA | Kiniksa Pharmaceuticals Ltd | 3.5% | +2.1% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 21, 2026 | SELL | RVMD | 3.4% → 0.0% |
| Sep 21, 2026 | BUY | SMTC | 0.0% → 3.6% |
| Sep 21, 2026 | SELL | TFIN | 4.5% → 4.1% |
| Sep 21, 2026 | BUY | GOOGL | 4.3% → 4.5% |
| Sep 21, 2026 | BUY | KNSA | 3.3% → 3.5% |
Investment Style Analysis
Legato Capital Management, LLC is widely recognized for employing a Multi-Strategy strategy. As of Sep 21, 2026, the firm oversees approximately $0.2B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Software - Application sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 21, Legato Capital Management, LLC made a significant move by reducing the position in RVMD. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Legato Capital Management operates on the belief that the greatest stability of alpha is achieved by combining high-conviction investment managers whose investment approaches are diversified and complementary. Their philosophy centers on an integrated process that combines rigorous manager due diligence, strategic asset allocation, and continuous risk management. By focusing on entrepreneurial investment teams and seeding smaller managers, the firm aims to capture unique alpha sources and deliver competitive risk-adjusted returns while maintaining a focus on industry-leading client service and environmental, social, and governance (ESG) integration.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Legato Capital Management, LLC.
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Frequently asked questions
How is the simulated portfolio for Legato Capital Management, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Legato Capital Management, LLC's largest holding?
As of the latest filing, Legato Capital Management, LLC's top position is Agilysys Inc (AGYS), representing 7.1% of the portfolio. This reflects a high-conviction bet by the institution.
What is Legato Capital Management, LLC's historical performance and risk profile?
Our simulation indicates a total return of +18.0% with a win rate of 42%. Notably, the portfolio maintains a Sharpe Ratio of 3.69, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Legato Capital Management, LLC primarily invest in?
Legato Capital Management, LLC has a strong preference for the Semiconductors sector, which makes up 15.3% of their disclosed assets. The portfolio also has exposure to Software - Application, indicating a specific thematic focus.
Is Legato Capital Management, LLC's portfolio concentrated or diversified?
Legato Capital Management, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 20.9% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Legato Capital Management, LLC performed in 2026?
Our AI-simulated model portfolio for Legato Capital Management, LLC tracks a Year-to-Date (YTD) return of +11.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Victor L. Hymes manage Legato Capital Management, LLC directly?
Yes, Victor L. Hymes serves as the key portfolio manager for Legato Capital Management, LLC, overseeing the investment strategy and final capital allocation decisions.