Governors Lane LP
SEC Form 13F institutional filer · CIK 0001644187
13F-HR · 13 reported holdings · 2026-03-31
Reported long-US-equity value
$0.23B
Top-10 concentration
97.7%
Governors Lane LP — $230M AUM allocation strategy
Governors Lane LP files SEC Form 13F and reports $230M of long US equity value across 13 reported holdings for 2026-03-31.
Its largest sector bet is Communication Services 33.1%, followed by Industrials 28.6% and Financials 12.8%.
The top 10 holdings account for 98% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Governors Lane LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$230M
total across 13 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
98% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$AES +817K sh · +$11.4M+$IVZ +111K sh · +$4.41M+$NSC +32K sh · +$8.85M
Biggest trims (shares)
−$WBD −255K sh · −$10.1M−$AMZN −127K sh · −$30M−$ECHO −111K sh · −$11.4M
Exited to nil (held last quarter, gone now)
$BAC ($32.7M last qtr)$VTR ($29.8M last qtr)$AIG ($27.2M last qtr)$KKR ($23.8M last qtr)$FIS ($17.6M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Rail Transportation28.6%—
- Broadcasting23.9%—
- Specialty Chemicals9.4%—
- Independent Power Producers & Energy Traders8.1%—
- Asset Management & Custody Banks5.7%—
- Consumer Finance5.3%—
- Apparel, Accessories & Luxury Goods4.9%—
- Interactive Media & Services4.9%—
- Other holdings9.2%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NSC | Norfolk Southern Corporation | 229K | $65.8M | +32K | 28.6% |
| $WBD | Warner Bros. Discovery Inc. Series A | 2M | $55M | -255K | 23.9% |
| $SHW | Sherwin-Williams Company | 67.7K | $21.7M | — | 9.4% |
| $AES | The AES Corporation | 1.33M | $18.8M | +817K | 8.1% |
| $IVZ | Invesco Ltd | 442K | $13.1M | +111K | 5.7% |
| $COF | Capital One Financial Corporation | 67K | $12.2M | — | 5.3% |
| $NKE | Nike Inc | 215K | $11.4M | -82.3K | 4.9% |
| $META | Meta Platforms Inc | 19.7K | $11.3M | — | 4.9% |
| $ECHO | EchoStar Corporation | 85.7K | $10M | -111K | 4.4% |
| $AMZN | Amazon.com Inc | 27.8K | $5.79M | -127K | 2.5% |
…and 3 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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