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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
+6.41%
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
$1.28B
AUM Growth
-$97.8M
Cap. Flow
-$135M
Cap. Flow %
-10.58%
Top 10 Hldgs %
58.39%
Holding
89
New
19
Increased
10
Reduced
22
Closed
27

Top Buys

Rank Stock Value
1
APC
Anadarko Petroleum
APC
+$84.3M
2
RHT
Red Hat Inc
RHT
+$67.8M
3
CELG
Celgene Corp
CELG
+$52.9M
4
DEACU
Diamond Eagle Acquisition Corp. Unit
DEACU
+$30.2M
5
LOTZ
CarLotz, Inc. Class A Common Stock
LOTZ
+$21.4M

Top Sells

Rank Stock Value
1
ULTI
Ultimate Software Group Inc
ULTI
+$101M
2
DD icon
DuPont de Nemours
DD
+$23.5M
3
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
+$22.6M
4
CZR
Caesars Entertainment Corporation
CZR
+$22.6M
5
CNDT icon
Conduent
CNDT
+$20.8M

Sector Composition

Rank Sector Weight
1 Technology 15.74%
2 Healthcare 14.6%
3 Consumer Discretionary 11.5%
4 Communication Services 10.07%
5 Industrials 9.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$201M 15.74%
2,894,574
+228,861
+9% +$16M
CELG
2
DELISTED
Celgene Corp
CELG
$134M 10.54%
1,453,664
+557,126
+62% +$52.9M
RHT
3
DELISTED
Red Hat Inc
RHT
$112M 8.75%
594,047
+367,468
+162% +$67.8M
APC
4
DELISTED
Anadarko Petroleum
APC
$88.7M 6.96%
+1,257,400
New +$84.3M
IWM icon
5
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$40.7M 3.19%
261,600
-4,000
-2% -$617K
VRT icon
6
Vertiv
VRT
$112B
$37.8M 2.97%
3,730,769
-139,331
-4% -$1.4M
STAY
7
CALL
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
$35.9M 2.81%
2,125,200
+1,160,000
+120% +$20.5M
ASH icon
8
Ashland
ASH
$3.04B
$33.4M 2.62%
418,085
-79,126
-16% -$6.11M
SPCE icon
9
Virgin Galactic
SPCE
$320M
$31.3M 2.45%
150,000
– –
DEACU
10
DELISTED
Diamond Eagle Acquisition Corp. Unit
DEACU
$30.2M 2.37%
+3,000,000
New +$30.2M
PCG icon
11
PG&E
PCG
$47.8B
$24.8M 1.94%
1,081,198
+500,503
+86% +$10.1M
ACEL icon
12
Accel Entertainment
ACEL
$979M
$22.6M 1.77%
2,168,885
-81,115
-4% -$838K
STNL
13
DELISTED
Sentinel Energy Services Inc. Class A Common Stock
STNL
$22.5M 1.77%
2,220,000
– –
LOTZ
14
DELISTED
CarLotz, Inc. Class A Common Stock
LOTZ
$21.4M 1.68%
+2,201,000
New +$21.4M
REZI icon
15
Resideo Technologies
REZI
$5.23B
$20.8M 1.63%
950,044
-205,509
-18% -$4.34M
PLYA
16
DELISTED
Playa Hotels & Resorts
PLYA
$20.7M 1.62%
2,679,527
-894,663
-25% -$7.18M
LAZR
17
DELISTED
Luminar Technologies
LAZR
$20.1M 1.58%
+133,333
New +$19.9M
UTZ icon
18
Utz Brands
UTZ
$1.25B
$20M 1.57%
2,000,000
– –
GRA
19
DELISTED
W.R. Grace & Co.
GRA
$19.9M 1.56%
261,786
-8,835
-3% -$661K
HUM icon
20
Humana
HUM
$46.7B
$18.9M 1.49%
+71,405
New +$18.1M
DVA icon
21
DaVita
DVA
$15.1B
$18.4M 1.44%
326,639
-93,260
-22% -$4.83M
CZR
22
DELISTED
Caesars Entertainment Corporation
CZR
$17.6M 1.38%
1,485,561
-2,381,536
-62% -$22.6M
SRG
23
Seritage Growth Properties
SRG
$130M
$17.3M 1.36%
402,690
+74,067
+23% +$3.26M
CSTM icon
24
Constellium
CSTM
$3.96B
$16.7M 1.31%
1,660,719
-51,588
-3% -$477K
RWGE
25
DELISTED
Regalwood Global Energy Ltd. Class A Ordinary Shares
RWGE
$15M 1.18%
1,470,000
– –
1
2 3 4

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CWG
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1WM
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Governors Lane's Q2 2019 Portfolio in Review

As of Q2 2019, Governors Lane held 89 positions worth $1.28B, down 7.1% from $1.37B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Governors Lane withdrew a net $135M in Q2 2019, closing 27 positions and reducing 22 holdings. Its most notable exit was Ultimate Software Group Inc, an estimated $101M position sold in full.

By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Governors Lane opened a new position in Anadarko Petroleum worth $88.7M.

  • Governors Lane's largest Q2 2019 buy was Anadarko Petroleum: 1,257,400 shares worth $88.7M.
  • Governors Lane added most to Red Hat Inc in Q2 2019, an estimated $67.8M increase.
  • Governors Lane's biggest Q2 2019 reduction was Caesars Entertainment Corporation, cutting an estimated $22.6M.
  • Governors Lane fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $101M.
  • Governors Lane's ten largest holdings make up 58% of its $1.28B portfolio in Q2 2019.
  • Governors Lane opened 19 new positions and closed 27 in Q2 2019.
  • Governors Lane's portfolio value fell 7.1% quarter-over-quarter to $1.28B.

Based on Governors Lane's 13F filing for Q2 2019, filed 14 Aug 2019.