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Governors Lane Portfolio holdings

AUM $1.56B
1-Year Est. Return 30.42%
This Fund
S&P 500
This Quarter Est. Return
-1.59%
1 Year Est. Return
+30.42%
3 Year Est. Return
+140.68%
5 Year Est. Return
+205.89%
10 Year Est. Return
+1,160.61%
AUM
$750M
AUM Growth
-$525M
Cap. Flow
-$456M
Cap. Flow %
-60.83%
Top 10 Hldgs %
56.93%
Holding
78
New
16
Increased
2
Reduced
28
Closed
22

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$82.4M
2
DKNG icon
DraftKings
DKNG
+$29.5M
3
ADV icon
Advantage Solutions
ADV
+$24.2M
4
EXPCU
Experience Investment Corp. Unit
EXPCU
+$15M
5
ARKO icon
ARKO Corp
ARKO
+$13.9M

Top Sells

Rank Stock Value
1
RHT
Red Hat Inc
RHT
+$112M
2
AABA
Altaba Inc
AABA
+$103M
3
APC
Anadarko Petroleum
APC
+$88.7M
4
ASH icon
Ashland
ASH
+$33.4M
5
DEACU
Diamond Eagle Acquisition Corp. Unit
DEACU
+$30.2M

Sector Composition

Rank Sector Weight
1 Healthcare 32.05%
2 Consumer Discretionary 17.79%
3 Industrials 8.91%
4 Financials 6.69%
5 Communication Services 4.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RHT
76
DELISTED
Red Hat Inc
RHT
– –
-594,047
Closed -$112M
CZR
77
DELISTED
Caesars Entertainment Corporation
CZR
– –
-1,485,561
Closed -$17.6M
1 2 3
4

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Governors Lane's Q3 2019 Portfolio in Review

As of Q3 2019, Governors Lane held 78 positions worth $750M, down 41% from $1.28B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Governors Lane withdrew a net $456M in Q3 2019, closing 22 positions and reducing 28 holdings. Its most notable exit was Red Hat Inc, an estimated $112M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 32% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Governors Lane opened a new position in Allergan plc worth $85.1M.

  • Governors Lane's largest Q3 2019 buy was Allergan plc: 505,513 shares worth $85.1M.
  • Governors Lane added most to PG&E in Q3 2019, an estimated $3.94M increase.
  • Governors Lane's biggest Q3 2019 reduction was Altaba Inc, cutting an estimated $103M.
  • Governors Lane fully exited Red Hat Inc in Q3 2019, selling an estimated $112M.
  • Governors Lane's ten largest holdings make up 57% of its $750M portfolio in Q3 2019.
  • Governors Lane opened 16 new positions and closed 22 in Q3 2019.
  • Governors Lane's portfolio value fell 41% quarter-over-quarter to $750M.

Based on Governors Lane's 13F filing for Q3 2019, filed 14 Nov 2019.