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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
+12.43%
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
$743M
AUM Growth
-$256M
(-26%)
Cap. Flow
-$288M
Cap. Flow
% of AUM
-38.81%
Top 10 Holdings %
Top 10 Hldgs %
51.8%
Holding
68
New
23
Increased
4
Reduced
2
Closed
30
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ingevity
NGVT
|
+$30.5M |
| 2 |
Armstrong World Industries
AWI
|
+$25.1M |
| 3 |
FEIC
FEI COMPANY
FEIC
|
+$24.7M |
| 4 |
MDVN
MEDIVATION, INC.
MDVN
|
+$22.2M |
| 5 |
PR
Permian Resources
PR
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$50.4M |
| 2 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$46.6M |
| 3 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$43.2M |
| 4 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$43.1M |
| 5 |
SNDK
SANDISK CORP
SNDK
|
+$32.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.92% |
| 2 | Real Estate | 10.95% |
| 3 | Energy | 10.66% |
| 4 | Materials | 10.31% |
| 5 | Industrials | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
YHOO
1
DELISTED
Yahoo Inc
YHOO
| $58.9M | 7.92% |
1,567,625
+439,000
| +39% | +$16.2M |
|
|
EQC
2
DELISTED
Equity Commonwealth
EQC
| $56.5M | 7.6% |
1,939,700
| – | – |
|
|
EMC
3
DELISTED
EMC CORPORATION
EMC
| $50M | 6.73% |
1,841,000
+85,000
| +5% | +$2.3M |
|
|
ITC
4
DELISTED
ITC HOLDINGS CORP
ITC
| $47.5M | 6.4% |
1,015,450
| – | – |
|
|
5
Ingevity
NGVT
$2.6B
| $33.2M | 4.47% |
+976,000
| New | +$30.5M |
|
|
TMX
6
DELISTED
Terminix Global Holdings, Inc.
TMX
| $30.5M | 4.1% |
1,143,638
+123,055
| +12% | +$3.13M |
|
7
CALL
Baxter International
BAX
$11.4B
| $28.2M | 3.79% |
623,000
| – | – |
|
|
FEIC
8
DELISTED
FEI COMPANY
FEIC
| $27.7M | 3.72% |
+259,000
| New | +$24.7M |
|
|
SYT
9
DELISTED
Syngenta Ag
SYT
| $26.6M | 3.57% |
346,000
-2,000
| -0.6% | -$162K |
|
|
10
Armstrong World Industries
AWI
$6.5B
| $26M | 3.49% |
663,000
+612,000
| +1,200% | +$25.1M |
|
11
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $24.5M | 3.3% |
117,000
| – | – |
|
|
LNKD
12
DELISTED
LinkedIn Corporation
LNKD
| $23.8M | 3.21% |
+126,000
| New | +$17.5M |
|
|
MDVN
13
DELISTED
MEDIVATION, INC.
MDVN
| $23.6M | 3.18% |
+392,000
| New | +$22.2M |
|
|
EAGLU
14
DELISTED
Double Eagle Acquisition Corp.
EAGLU
| $20.1M | 2.7% |
2,000,000
| – | – |
|
|
PR
15
Permian Resources
PR
$17B
| $20M | 2.69% |
+2,000,000
| New | +$20M |
|
|
XLNX
16
CALL
DELISTED
Xilinx Inc
XLNX
| $19.8M | 2.67% |
+430,000
| New | +$19.7M |
|
|
GGP
17
DELISTED
GGP Inc.
GGP
| $19.7M | 2.65% |
+660,000
| New | +$18.6M |
|
|
DWRE
18
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $19.3M | 2.6% |
+258,000
| New | +$13.9M |
|
|
CVT
19
DELISTED
CVENT, INC.
CVT
| $19.3M | 2.59% |
+540,000
| New | +$17.9M |
|
|
PACEU
20
DELISTED
Pace Holdings Corp.
PACEU
| $19.1M | 2.57% |
1,910,000
| – | – |
|
21
US Foods
USFD
$20.9B
| $17M | 2.29% |
+702,000
| New | +$17.1M |
|
|
MON
22
DELISTED
Monsanto Co
MON
| $16.8M | 2.26% |
+162,600
| New | +$16.1M |
|
|
GRSHU
23
DELISTED
Gores Holdings, Inc.
GRSHU
| $16M | 2.15% |
1,600,000
| – | – |
|
|
PF
24
DELISTED
Pinnacle Foods, Inc.
PF
| $14.6M | 1.96% |
+315,000
| New | +$13.7M |
|
25
CALL
Humana
HUM
$47.8B
| $13.3M | 1.79% |
+74,000
| New | +$13.1M |
|
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Governors Lane's Q2 2016 Portfolio in Review
As of Q2 2016, Governors Lane held 68 positions worth $743M, down 26% from $999M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Governors Lane withdrew a net $288M in Q2 2016, closing 30 positions and reducing 2 holdings. Its most notable exit was STARWOOD HOTELS & RESORTS WORLDWIDE, INC., an estimated $50.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 6.3% a quarter earlier, followed by Real Estate and Energy.
Against the trend, Governors Lane opened a new position in Ingevity worth $33.2M.
- Governors Lane's largest Q2 2016 buy was Ingevity: 976,000 shares worth $33.2M.
- Governors Lane added most to Armstrong World Industries in Q2 2016, an estimated $25.1M increase.
- Governors Lane's biggest Q2 2016 reduction was Syngenta Ag, cutting an estimated $162K.
- Governors Lane fully exited STARWOOD HOTELS & RESORTS WORLDWIDE, INC. in Q2 2016, selling an estimated $50.4M.
- Governors Lane's ten largest holdings make up 52% of its $743M portfolio in Q2 2016.
- Governors Lane opened 23 new positions and closed 30 in Q2 2016.
- Governors Lane's portfolio value fell 26% quarter-over-quarter to $743M.
Based on Governors Lane's 13F filing for Q2 2016, filed 15 Aug 2016.