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Governors Lane Portfolio holdings
AUM
$1.2B
1-Year Est. Return
26.21%
This Fund
S&P 500
This Quarter
Est. Return
+12.92%
1 Year Est. Return
+26.21%
3 Year Est. Return
+132.66%
5 Year Est. Return
+210.34%
10 Year Est. Return
+1,088.94%
AUM
$789M
AUM Growth
-$181M
(-19%)
Cap. Flow
-$253M
Cap. Flow
% of AUM
-32.01%
Top 10 Holdings %
Top 10 Hldgs %
42.66%
Holding
139
New
17
Increased
9
Reduced
10
Closed
67
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$35.3M |
| 2 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$32.9M |
| 3 |
SPR
Spirit AeroSystems
SPR
|
+$18.7M |
| 4 |
UnitedHealth
UNH
|
+$17.5M |
| 5 |
TSMC
TSM
|
+$15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Autodesk
ADSK
|
+$28.9M |
| 2 |
Microsoft
MSFT
|
+$27.7M |
| 3 |
Wells Fargo
WFC
|
+$27.2M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$25M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$22.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.29% |
| 2 | Financials | 15.43% |
| 3 | Miscellaneous | 15.03% |
| 4 | Healthcare | 14.85% |
| 5 | Industrials | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Workday
WDAY
$44.7B
| $49.8M | 6.31% |
241,200
+39,200
| +19% | +$7.13M |
|
|
HZNP
2
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $49.3M | 6.25% |
451,800
+298,000
| +194% | +$32.9M |
|
|
3
Salesforce
CRM
$203B
| $47.9M | 6.08% |
239,911
+208,811
| +671% | +$35.3M |
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$806B
| $39.5M | 5.01% |
+96,500
| New | +$38.5M |
|
|
5
UnitedHealth
UNH
$351B
| $27.8M | 3.53% |
58,847
+36,300
| +161% | +$17.5M |
|
|
SPR
6
DELISTED
Spirit AeroSystems
SPR
| $27.1M | 3.44% |
785,300
+557,900
| +245% | +$18.7M |
|
7
Hilton Worldwide
HLT
$69.2B
| $26.6M | 3.37% |
188,800
+26,900
| +17% | +$3.79M |
|
|
AJRD
8
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $25M | 3.17% |
445,843
| – | – |
|
9
Amazon
AMZN
$2.72T
| $21.8M | 2.77% |
211,300
-19,100
| -8% | -$1.85M |
|
|
PSPC
10
DELISTED
Post Holdings Partnering Corporation
PSPC
| $21.6M | 2.73% |
2,129,543
| – | – |
|
11
Advanced Micro Devices
AMD
$854B
| $21M | 2.66% |
214,000
-98,400
| -31% | -$8.01M |
|
12
HCA Healthcare
HCA
$91.9B
| $20M | 2.53% |
75,782
+21,700
| +40% | +$5.51M |
|
|
ATVI
13
DELISTED
Activision Blizzard
ATVI
| $19M | 2.41% |
221,731
-286,900
| -56% | -$22.3M |
|
14
Meta Platforms (Facebook)
META
$1.66T
| $17.6M | 2.23% |
83,000
-800
| -1% | -$136K |
|
|
15
Microsoft
MSFT
$3.65T
| $16.1M | 2.04% |
55,700
-108,700
| -66% | -$27.7M |
|
|
16
CALL
Autodesk
ADSK
$43.4B
| $15.6M | 1.98% |
75,000
+59,500
| +384% | +$12.3M |
|
|
17
TSMC
TSM
$2.25T
| $15.6M | 1.98% |
+167,600
| New | +$15M |
|
18
Adient
ADNT
$1.42B
| $14.6M | 1.85% |
356,452
-114,900
| -24% | -$4.8M |
|
19
CALL
Southwest Airlines
LUV
$18.9B
| $13.8M | 1.75% |
+425,000
| New | +$14.5M |
|
20
CALL
Alexandria Real Estate Equities
ARE
$8.7B
| $13.8M | 1.75% |
+110,000
| New | +$16.2M |
|
21
CALL
Baxter International
BAX
$12.8B
| $13.3M | 1.68% |
+327,000
| New | +$13.9M |
|
|
AIRJ
22
Montana Technologies Corp
AIRJ
$327M
| $12.8M | 1.62% |
1,250,000
| – | – |
|
23
Humana
HUM
$48.2B
| $11.8M | 1.5% |
24,321
+10,100
| +71% | +$4.99M |
|
|
RCAC
24
DELISTED
Revelstone Capital Acquisition Corp. Class A Common Stock
RCAC
| $11.5M | 1.46% |
1,125,000
| – | – |
|
|
DMYS
25
DELISTED
dMY Technology Group, Inc. VI
DMYS
| $11.2M | 1.42% |
1,100,000
| – | – |
|
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Governors Lane's Q1 2023 Portfolio in Review
As of Q1 2023, Governors Lane held 139 positions worth $789M, down 19% from $970M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Governors Lane withdrew a net $253M in Q1 2023, closing 67 positions and reducing 10 holdings. Its most notable exit was Wells Fargo, an estimated $27.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 20% a quarter earlier, followed by Financials and Miscellaneous.
Against the trend, Governors Lane opened a new position in TSMC worth $15.6M.
- Governors Lane's largest Q1 2023 buy was TSMC: 167,600 shares worth $15.6M.
- Governors Lane added most to Salesforce in Q1 2023, an estimated $35.3M increase.
- Governors Lane's biggest Q1 2023 reduction was Autodesk, cutting an estimated $28.9M.
- Governors Lane fully exited Wells Fargo in Q1 2023, selling an estimated $27.2M.
- Governors Lane's ten largest holdings make up 43% of its $789M portfolio in Q1 2023.
- Governors Lane opened 17 new positions and closed 67 in Q1 2023.
- Governors Lane's portfolio value fell 19% quarter-over-quarter to $789M.
Based on Governors Lane's 13F filing for Q1 2023, filed 15 May 2023.