Fivespan Partners, LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Fivespan Partners, LP reported 6 stock positions worth $364.9 million. Its top holding was Qiagen (QGEN) at 34.9% of the portfolio, followed by Outfront Media (OUT, 23.0%) and Blackline (BL, 14.0%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0002040262
Portfolio Value
$364.9M (Q4 2025)
SEC Filing
0002040262-26-000003 ↗ filed Feb 13, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q4 2025: $364.9M $364.9M Q4 2025 Q1 2026: $377.4M Q1 2026 Q2 2026: $424.3M Q2 2026

Holdings 6 stocks · $364.9M
QGEN Qiagen N.V. 34.89% 2,830,783 $127.3M —
OUT Outfront Media Inc. 22.97% 3,477,536 $83.8M —
BL Blackline Inc. 14.03% 926,044 $51.2M —
APPN Appian Corp. Class A 13.35% 1,375,000 $48.7M —
NYT New York Times Co. Class A 12.60% 662,466 $46.0M —
CCO Clear Channel Outdoor Holdin 2.16% 3,571,104 $7.9M —

Portfolio Sells Q4 2025

No earlier filing to compare with.

Portfolio Buys Q4 2025

No earlier filing to compare with.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$424.3MQGEN, BL, APPN, OUT, LRN
Q1 2026 4$377.4MBL, QGEN, APPN, OUT
Q4 2025 6$364.9MQGEN, OUT, BL, APPN, NYT