Fivespan Partners, LP
SAN FRANCISCO, CA
$424m in 6 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 15.7% of the portfolio this quarter.
Value
$424m
Stocks
6
Top 10 share
100.0%
Turnover
15.7%
What changed this quarter
New
Bought for the first time this quarter.
- StrideLRN11.2% of the fund
- Simpson ManufacturingSSD4.4% of the fund
Added
Bought more of a stock they already held.
- BlacklineBL22.3% of the fund+12%
Cut
Sold some of their stake.
- OUTFRONT MediaOUT18.3% of the fund-14%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| QiagenQGEN | 24.8% | $105m | 2,689,243 | Held |
| BlacklineBL | 22.3% | $94m | 3,363,943 | +12% |
| AppianAPPN | 18.9% | $80m | 3,510,907 | Held |
| OUTFRONT MediaOUT | 18.3% | $78m | 2,374,690 | -14% |
| StrideLRN | 11.2% | $48m | 553,151 | New |
| Simpson ManufacturingSSD | 4.4% | $19m | 90,000 | New |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 16.3% since 31 December 2025.
Where the money is
Technology41.2%
Health care24.8%
Real estate18.3%
Retail & consumer11.2%
Industrials4.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.