Governors Lane LP
Long book
$801.5M
Q1 2026
Positions
167
Top-10 weight
37%
concentration
Last quarter
+4.5%
SPY +14.8%
Turnover
51%
of book per quarter
Strategy in plain words
auto-generated from filingsGovernors Lane LP is a diversified fundamental manager, running a $801.5M US long book across 167 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NORFOLK SOUTHERN CORP, WARNER BROS DISCOVERY INC, ELECTRONIC ARTS INC, Janus Hendersongroup Pl, TXNM ENERGY INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+9.8%
Q3 2024
+2.2%
Q4 2024
-6.3%
Q1 2025
+13.2%
Q2 2025
+4.1%
Q3 2025
+3.9%
Q4 2025
-3.8%
Q1 2026
+4.5%
Sector allocation
Financials 51%
Technology 11%
Industrials 10%
Communications 9%
Utilities 7%
Consumer discretionary 5%
Other 4%
Services media 1%
Long book by quarter
What does Governors Lane own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NSC NORFOLK SOUTHERN CORP | Industrials | 229.3K | $65.8M | 8.2% | +16.2% |
| WBD WARNER BROS DISCOVERY INC | Communications | 2.0M | $55.0M | 6.9% | -11.3% |
| EA ELECTRONIC ARTS INC | Technology | 182.4K | $37.2M | 4.6% | -22.1% |
| TXNM TXNM ENERGY INC | Utilities | 444.4K | $26.0M | 3.2% | -50.7% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 67.7K | $21.7M | 2.7% | New |
| QRVO QORVO INC | Technology | 255.0K | $19.7M | 2.5% | +64.3% |
| AES AES CORP | Utilities | 1.3M | $18.8M | 2.3% | +158.8% |
| HO1 HOLOGIC INC | — | 176.0K | $13.3M | 1.7% | -30.7% |
| NWAX NEW AMERICA ACQUISITION-CL A | Financials | 1.3M | $13.1M | 1.6% | New |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 67.0K | $12.2M | 1.5% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 8.8K | $11.6M | 1.4% | -22.3% |
| FERA FIFTH ERA ACQUISITION CORP-A | Financials | 1.1M | $11.6M | 1.4% | Held |
| PMTR PERIMETER ACQUIS CORP I CL A | Financials | 1.1M | $11.5M | 1.4% | Held |
| NKE NIKE INC -CL B | Other | 215.0K | $11.4M | 1.4% | -27.7% |
| META META PLATFORMS INC-CLASS A | Technology | 19.7K | $11.3M | 1.4% | New |
| KBON KARBON CAPITAL PARTNERS-CL A | Financials | 1.1M | $11.1M | 1.4% | New |
| PCAP PROCAP ACQUISITION CORP - A | Financials | 1.1M | $10.8M | 1.4% | Held |
| IVZ INVESCO LTD | Financials | 427.5K | $10.4M | 1.3% | +29.2% |
| EVOX EVOLUTION GLOBAL ACQUIS-CL A | Financials | 1.0M | $10.4M | 1.3% | Held |
| RDAG REPUBLIC DIGITAL ACQUIS-CL A | Financials | 997.2K | $10.2M | 1.3% | Held |
| HCMA HCM III ACQUISITION COR-CL A | Financials | 1.0M | $10.2M | 1.3% | +0.9% |
| ECHO ECHOSTAR CORP-A | Communications | 85.7K | $10.0M | 1.3% | -56.5% |
| SVAQ SILICON VALLEY ACQUISIT-CL A | Financials | 1.0M | $9.9M | 1.2% | New |
| KRAQ KRAKACQUISITION CORP-CL A | Financials | 1.0M | $9.9M | 1.2% | New |
| ARCI ARCHIMEDES TECH SPAC PARTNER | Financials | 1.0M | $9.8M | 1.2% | New |
| CEPV CANTOR EQUITY PARTNERS-CL A | Financials | 971.6K | $9.8M | 1.2% | 0.0% |
| ALLY ALLY FINANCIAL INC | Financials | 239.2K | $9.4M | 1.2% | -47.9% |
| RTAC RENATUS TACTICAL ACQUISITI-A | Financials | 879.6K | $9.0M | 1.1% | -0.1% |
| NPAC NEW PROVIDENCE ACQUISITION-A | Financials | 874.8K | $9.0M | 1.1% | +2.9% |
| CEPF CANTOR EQUITY PARTNERS-CL A | Financials | 877.8K | $8.9M | 1.1% | Held |
| CRAN CRANE HARBOR ACQUISITIO-CL A | Financials | 900.0K | $8.9M | 1.1% | New |
| AEXA AMERICAN EXCEPTIONALISM-CL A | Financials | 821.0K | $8.9M | 1.1% | -9.1% |
| FCRS FUTURECREST ACQUISITION-CL A | Financials | 850.0K | $8.6M | 1.1% | Held |
| ATII ARCHIMEDES TECH SPAC PARTNER | Financials | 759.6K | $7.9M | 1.0% | +0.1% |
| ONCH 1RT ACQUISITION CORP-A | Financials | 750.0K | $7.6M | 0.9% | +43.5% |
| WENN WEN ACQUISITION CORP-A | Financials | 730.0K | $7.4M | 0.9% | Held |
| MEVO M EVO GLOBAL ACQUISITIO-CL A | Financials | 750.0K | $7.4M | 0.9% | New |
| SVAC SPRING VALLEY ACQUISITION-A | Utilities | 701.5K | $7.1M | 0.9% | +40.1% |
| GTEN GORES HOLDINGS X INC-CL A | Financials | 672.7K | $6.9M | 0.9% | Held |
| PTOR PRAETORIAN ACQUISITION COR-A | Financials | 700.0K | $6.9M | 0.9% | New |
| TECK TECK RESOURCES LTD-CLS B | Materials | 127.2K | $6.6M | 0.8% | Held |
| BEAG BOLD EAGLE ACQUISITION COR-A | Financials | 601.2K | $6.3M | 0.8% | +0.2% |
| ALUB ALUSSA ENERGY ACQUISIT II-A | Financials | 613.5K | $6.1M | 0.8% | New |
| DKS DICK'S SPORTING GOODS INC | Consumer discretionary | 29.8K | $5.9M | 0.7% | New |
| VICI Vici properties inc | Real estate | 72.5K | $5.8M | 0.7% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 27.8K | $5.8M | 0.7% | -82.1% |
| SLAB SILICON LABORATORIES INC | Technology | 25.3K | $5.3M | 0.7% | New |
| SZZL SIZZLE ACQUISITION CORP-CL A | Financials | 500.0K | $5.1M | 0.6% | Held |
| MESH MESHFLOW ACQUISITION CO-CL A | Financials | 500.0K | $4.9M | 0.6% | New |
| TVA TEXAS VENTURES ACQUISITION-A | Financials | 446.1K | $4.6M | 0.6% | -4.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 190 | $1.56B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 171 | $1.69B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 140 | $1.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 119 | $1.11B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 58 | $879.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 60 | $1.28B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 54 | $1.29B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 52 | $1.19B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 57 | $1.18B | canonical | SEC ↗ |
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