Fivespan Partners, LP

CIK

2040262

Location

SAN FRANCISCO, CA

Portfolio Value

Small $377,370,432

Diversification

Highly concentrated

Filing Date

Global Rank

#2,753 / 8,232 ▲ 995

Top Industry

Software - Application 29.6%

3Y Alpha vs SPY

+4.2%

Period ended 2 months ago

Filed May 14, 2026 · 31d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+10.2%

SPY

+9.1%

Annualised alpha

+4.2%

Max drawdown

−10.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

4 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

29.6%

−5.7 pts

Top 5

100.0%

0.0 pts

Top 10

100.0%

0.0 pts

HHI

2,570

Highly concentrated+56

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	52.0%	$196,163,858	2
Healthcare	28.5%	$107,677,289	1
Real Estate	19.5%	$73,529,285	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
APPN	Appian Corp	+2,135,907	3,510,907	$84,647,967
BL	Blackline, Inc.	+2,087,899	3,013,943	$111,515,891
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
OUT	OUTFRONT Media Inc.	−702,846	2,774,690	$73,529,285
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
QGEN	Qiagen N.V.	2,689,243	$107,677,289
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
NYT	New York Times Co	662,466	$45,988,389
CCO	Clear Channel Outdoor Holdings, Inc.	3,571,104	$7,892,139
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

4 positions · $377,370,432 total · as of Mar 31, 2026

All sectors Healthcare Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BL	Blackline, Inc. Technology	Added	3,013,943	+2,087,899	$111,515,891	+117.8%	29.55%
QGEN	Qiagen N.V. Healthcare	NEW	2,689,243	NEW	$107,677,289	NEW	28.53%
APPN	Appian Corp Technology	Added	3,510,907	+2,135,907	$84,647,967	+73.8%	22.43%
OUT	OUTFRONT Media Inc. Real Estate	Reduced	2,774,690	-702,846	$73,529,285	−12.3%	19.48%