Stocks/Funds/CIK 2040262

Fivespan Partners, LP

concentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 2040262
Assets
$377M
Holdings
4
Lifetime alpha vs market
-45.63% annual
Average hold time
0.4 yr
median 0.5 yr

Quarterly history

Cum return -18% vs S&P -4% · α -14% lifetimeAUM $377M · peak $377MFlow $78M (+21%)2025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+65.16%
adds when stocks drop
when a holding falls −10%+
Middle response
—
—
Rally response
—
—
when a holding rises +10%+

Top positions · 4

Ticker$ value% portYoYHold time
BLBlackLine, Inc.$112M29.6%—0.5 yr
—$108M28.5%—0.3 yr
APPNAppian Corporation$85M22.4%—0.5 yr
—$74M19.5%—0.5 yr

Portfolio composition (YoY)

Industry mix
Software - Application52.0%$196M
Unknown48.0%$181M
Country
US52.0%
Unknown48.0%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %

Losers

TickerPrev $PnLYoY %

Top buys this quarter · 3

— new+$0M
BL BlackLine, Inc.+$77M
APPN Appian Corporation+$51M

Top sells this quarter · 4

— −$0M
— exit−$0M
NYT The New York Times Companyexit−$55M
CCO Clear Channel Outdoor Holdingsexit−$8M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$377M4-17.88%-4.37%-13.51%+0.08B
2025-12-31$365M6————