1y return+7.6%S&P 500 +20.9%
3y return+43.0%S&P 500 +68.5%
5y return+60.1%S&P 500 +74.5%
10y return+185.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $285 against $357 in the S&P 500.2
Governors Lane LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NSCNorfolk Southn Corp | $73.9M | 7.4% | +2.4% |
| TXNMTxnm Energy Inc | $61.3M | 6.1% | +142.8% |
| Warner Bros Discovery IncCUSIP 934423104 | $38.9M | 3.9% | −27.2% |
| Electronic Arts IncCUSIP 285512109 | $37.4M | 3.7% | |
| SHWSherwin Williams Co | $26.2M | 2.6% | +12.3% |
| Qorvo IncCUSIP 74736K101 | $23.8M | 2.4% | |
| RKTRocket Cos Inc | $23.4M | 2.3% | New |
| WDAYWorkday Inc | $22.9M | 2.3% | New |
| CRBGCorebridge Finl Inc | $20.7M | 2.1% | New |
| COFCapital One Finl Corp | $20.0M | 2.0% | +48.9% |
| AESAes Corp | $19.5M | 2.0% | |
| TSMTaiwan Semiconductor Manufac | $17.6M | 1.8% | +117.1% |
| Bleichroeder Acquisiti CorpCUSIP G1170E104 | $14.4M | 1.4% | New |
| Berto Acquisition CorpCUSIP G1051H101 | $14.2M | 1.4% | New |
| NWAXNew Amer Acquisition I Corp | $13.9M | 1.4% | +5.1% |
| Berto Acquisition Corp IICUSIP G1051M126 | $13.7M | 1.4% | New |
| Two Harbors Inventment CorpoCUSIP 90187B804 | $13.3M | 1.3% | +225.4% |
| Ferrari N VCUSIP N3167Y103 | $12.8M | 1.3% | New |
| SGISomnigroup International Inc | $11.8M | 1.2% | New |
| AMZNAmazon Com Inc | $11.8M | 1.2% | +78.0% |
| Fifth Era Acquisition Corp ICUSIP G3415K101 | $11.7M | 1.2% | |
| METAMeta Platforms Inc | $11.7M | 1.2% | +5.2% |
| Perimeter Acquisition Corp ICUSIP G7010A129 | $11.6M | 1.2% | |
| Asml Hldg NvCUSIP N07059210 | $11.5M | 1.1% | −34.4% |
| Archimedes Tech Spac Ptnrs ICUSIP G0453R105 | $11.5M | 1.1% | +14.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufac | March 31, 2023 | +413.4% | $17.6M |
| Asml Hldg NvCUSIP N07059210 | December 31, 2025 | +86.0% | $11.5M |
| AMZNAmazon Com Inc | June 30, 2021 | +38.6% | $11.8M |
| Warner Bros Discovery IncCUSIP 934423104 | September 30, 2025 | +36.5% | $38.9M |
| AESAes Corp | September 30, 2025 | +11.4% | $19.5M |
| Qorvo IncCUSIP 74736K101 | December 31, 2025 | +10.4% | $23.8M |
| COFCapital One Finl Corp | March 31, 2026 | +10.0% | $20.0M |
| KMBKimberly-clark Corp | December 31, 2025 | +8.8% | $10.0M |
| Two Harbors Inventment CorpoCUSIP 90187B804 | March 31, 2026 | +8.7% | $13.3M |
| SHWSherwin Williams Co | March 31, 2026 | +7.4% | $26.2M |
Sold off last quarter
- Janus Henderson Group PLCCUSIP G4474Y214 was $27.4M
- Hologic IncCUSIP 436440101 was $13.3M
- NKENike Inc was $11.4M
- Invesco LtdCUSIP G491BT108 was $10.4M
- ECHOEchostar Corp was $10.0M
- ALLYAlly Finl Inc was $9.4M
- Csg Sys Intl IncCUSIP 126349109 was $5.8M
- PVHPvh Corporation was $3.1M
- Churchill Cap Corp XiCUSIP G2131A108 was $3.0M
- Axiom Intelligence Ac Corp 1CUSIP G0750N104 was $3.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +4.4% | +14.8% |
| March 31, 2026 | −3.3% | −4.6% |
| December 31, 2025 | +3.7% | +2.4% |
| September 30, 2025 | +2.7% | +7.8% |
| June 30, 2025 | +7.6% | +10.5% |
| March 31, 2025 | −3.4% | −4.6% |
| December 31, 2024 | +2.9% | +2.1% |
| September 30, 2024 | +6.4% | +5.4% |
| June 30, 2024 | −0.2% | +4.0% |
| March 31, 2024 | +7.1% | +10.0% |
| December 31, 2023 | +10.7% | +11.2% |
| September 30, 2023 | −1.4% | −3.6% |
| June 30, 2023 | +5.6% | +8.3% |
| March 31, 2023 | +7.2% | +7.0% |
| December 31, 2022 | +4.3% | +7.1% |
| September 30, 2022 | −0.6% | −5.3% |
| June 30, 2022 | −7.2% | −16.5% |
| March 31, 2022 | −1.7% | −4.9% |
| December 31, 2021 | +4.7% | +10.7% |
| September 30, 2021 | −0.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Governors Lane LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1644187&type=13F-HR&dateb=&owner=include&count=40CIK 1644187
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1644187/000164418726000003/Filed August 14, 2026 · accession 0001644187-26-000003