In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Fifth Lane Capital, LP reported 24 stock positions worth $22.2 million . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 62.9% of the portfolio, followed by First Bancshares (FBMS, 7.6% ) and Nebius (NBIS, 5.0% ). Compared with Q4 2024, it opened 15 new positions, sold out of 18, added to 4 and reduced 3. The biggest buy was a new position in First Bancshares (FBMS) and the biggest sale an exit from Zuora Class A (ZUO).
Location Austin, TX
CIK 0001858558
Portfolio Value $22.2M (Q1 2025) Holdings 24 stocks · $22.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 SPY SS SPDR S&P 500 ETF Trust-US 25,000 $14.0M No change FBMS First Bancshares Inc. 50,000 $1.7M New NBIS Nebius Group NV 52,500 $1.1M Add +71.0% SWTX Springworks Therapeutics Inc. 22,584 $997K New IBIT iShares Bitcoin Trust ETF 15,000 $702K Reduce -25.0% WBA Walgreens Boots Alliance Inc. 50,000 $559K New FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR 46,368 $480K New BUR Burford Capital Ltd. 27,500 $363K New NVDA Nvidia Corp. 3,000 $325K Reduce -33.3% SMCI Super Micro Computer Inc. 8,500 $291K New CEE Central and Eastern Europe F 19,642 $283K New NLOP Net Lease Office Property 8,000 $251K New SOC Sable Offshore Corp. 8,500 $216K New PPLI People Inc. filed as IAC INC 4,500 $207K New BE Bloom Energy Corp. Class A 10,000 $197K Reduce -19.9% DAN Dana Inc. 12,000 $160K New TIC Tic Solutions Inc. filed as ACUREN CORP 12,758 $142K New DMYY DMY Squared Technology GR-A 11,000 $123K New ADAG Adagene Inc.-ADR 27,500 $42K No change TLRY Tilray Brands Inc. 50,000 $33K Add +400.0% GERN Geron Corp. 20,000 $32K Add +33.3% MVIS Microvision Inc. 15,000 $19K New ARBE Arbe Robotics Ltd. 10,000 $10K New OMEX Odyssey Marine Exploration 20,000 $8K Add +91.4%
Other holdings (10): bonds, preferreds, convertibles and warrants · $766K (not counted above) Security Class Shares / Principal Value Change SIGNATURE BANK NEW YORK (SBNY 5 PERP a) PFD 87,285 $402K Reduce -3.6% DMYYW DMY Squared Technology GR-27 *W EXP 99/99/999 104,707 $81K New FLDDW Fold Holdings Inc. -23 *W EXP 02/14/203 98,000 $74K New BROOKFIELD DTLA FUND OFF (BRDTLA 7.625 PERP A) EQUITIES 646,652 $63K Add +34.0% ML.WS Moneylion Inc. -CW27 *W EXP 09/22/202 200,000 $53K No change CLRRF Climaterock -RTS RIGHT 10/31/2028 269,199 $48K Add +287.6% NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 100,000 $15K No change MSSRF Metal SKY Star Acquisi-Right RIGHT 12/31/2025 157,755 $12K No change YOTAR Yotta Acquisition Corp. - RTS RIGHT 03/15/2027 66,595 $12K Reduce -0.3% IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 100,000 $6K No change
Total filed on the 13F, all lines: $23.0M.
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ ZUO Zuora Inc. Class A Sold out 0.00% −11.28 EDR Endeavor Group Hold Class A Sold out 0.00% −10.35 COLOMBIER ACQUISITION CORP Sold out 0.00% −8.08 XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −3.00 KRE SS SPDR S&P Regional Bank Sold out 0.00% −2.36 ARCH Arch Resources Inc. Sold out 0.00% −1.55 ML Moneylion Inc. Sold out 0.00% −1.47 PSTX Poseida Therapeutics Inc. Sold out 0.00% −1.44 PRGO Perrigo Co. PLC Sold out 0.00% −1.19 SRG Seritage Growth Prop- A Sold out 0.00% −1.13 CLMT Calumet Inc. Sold out 0.00% −0.92 CZR Caesars Entertainment Inc. Sold out 0.00% −0.85 CYTK Cytokinetics Inc. Sold out 0.00% −0.85 BECN Beacon Roofing Supply Inc. Sold out 0.00% −0.79 WOW Wideopenwest Inc. Sold out 0.00% −0.79 AMTM Amentum Holdings Inc. Sold out 0.00% −0.62 NESR National Energy Services Reu Sold out 0.00% −0.54 NVDA Nvidia Corp. Reduce -33.3% 1.46% −0.35 DM Desktop Metal Inc. Class A Sold out 0.00% −0.13 IBIT iShares Bitcoin Trust ETF Reduce -25.0% 3.16% −0.02 BE Bloom Energy Corp. Class A Reduce -19.9% 0.88% +0.05
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ FBMS First Bancshares Inc. New 7.61% +7.61 SWTX Springworks Therapeutics Inc. New 4.48% +4.48 WBA Walgreens Boots Alliance Inc. New 2.51% +2.51 NBIS Nebius Group NV Add +71.0% 4.99% +2.44 FRNM Freenome Inc. New 2.16% +2.16 BUR Burford Capital Ltd. New 1.63% +1.63 SMCI Super Micro Computer Inc. New 1.31% +1.31 CEE Central and Eastern Europe F New 1.28% +1.28 NLOP Net Lease Office Property New 1.13% +1.13 SOC Sable Offshore Corp. New 0.97% +0.97 PPLI People Inc. New 0.93% +0.93 DAN Dana Inc. New 0.72% +0.72 TIC Tic Solutions Inc. New 0.64% +0.64 DMYY DMY Squared Technology GR-A New 0.55% +0.55 TLRY Tilray Brands Inc. Add +400.0% 0.15% +0.11 MVIS Microvision Inc. New 0.08% +0.08 ARBE Arbe Robotics Ltd. New 0.05% +0.05 OMEX Odyssey Marine Exploration Add +91.4% 0.04% +0.01 GERN Geron Corp. Add +33.3% 0.14% −0.02
Notes & Other Activity Q4 2024 → Q1 2025 Security Class Change vs Q4 2024 Shares / Principal Value ▼ SIGNATURE BANK NEW YORK (SBNY 5 PERP a) PFD Reduce -3.6% 87,285 $402K DMYYW DMY Squared Technology GR-27 *W EXP 99/99/999 New 104,707 $81K FLDDW Fold Holdings Inc. -23 *W EXP 02/14/203 New 98,000 $74K BROOKFIELD DTLA FUND OFF (BRDTLA 7.625 PERP A) EQUITIES Add +34.0% 646,652 $63K CLRRF Climaterock -RTS RIGHT 10/31/2028 Add +287.6% 269,199 $48K BRACR Broad Capital Acquis-Right RIGHT 01/10/2027 Sold out 300,000 $33Kbefore exit RFACR RF Acquisition Corp.- Rights RIGHT 05/01/2028 Sold out 100,000 $16Kbefore exit CSLRF Consilium Acquisition -Right RIGHT 99/99/9999 Sold out 100,000 $12Kbefore exit YOTAR Yotta Acquisition Corp. - RTS RIGHT 03/15/2027 Reduce -0.3% 66,595 $12K GDSTR Goldenstone Acquisitio-Right RIGHT 07/15/2026 Sold out 41,572 $6Kbefore exit FTIIW Futuretech II Acq -CW27 *W EXP 08/18/202 Sold out 111,740 $2Kbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 3 $1.4M CFND, PESI, ASPC Q1 2026 54 $81.7M RTAC, OS, CEPV, HOLX, CEPT Q4 2025 64 $83.7M IVV, RTAC, CEPF, NWAX.U, RNAM Q3 2025 85 $97.1M IVV, RTAC, CFND, CEPT, QQQ Q2 2025 58 $81.9M IVV, WBA, CEPT, PCAPU, VLOS Q1 2025 24 $22.2M SPY, FBMS, NBIS, SWTX, IBIT Q4 2024 27 $33.4M SPY, ZUO, EDR, COLOMBIER ACQUISITION CORP, IBIT Q3 2024 31 $38.6M SPY, IVCBF, SWN, EDR, ACI Q2 2024 53 $44.7M SPY, IVCBF, MRK, KIE, XLF Q1 2024 72 $75.1M CPE, SPY, AXONICS INC, VZIO, IBACU