Fivespan Partners, LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Fivespan Partners, LP reported 4 stock positions worth $377.4 million. Its top holding was Blackline (BL) at 29.6% of the portfolio, followed by Qiagen (QGEN, 28.5%) and Appian Class A (APPN, 22.4%). Compared with Q4 2025, it sold out of 2, added to 2 and reduced 1. The biggest buy was Blackline (BL, shares +225%) and the biggest sale an exit from New York Times Class A (NYT).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0002040262
Portfolio Value
$377.4M (Q1 2026)
SEC Filing
0002040262-26-000006 ↗ filed May 14, 2026

Holdings Value

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

Holdings 4 stocks · $377.4M
BL Blackline Inc. 29.55% 3,013,943 $111.5M Add +225.5%
QGEN Qiagen N.V. 28.53% 2,689,243 $107.7M No change
APPN Appian Corp. Class A 22.43% 3,510,907 $84.6M Add +155.3%
OUT Outfront Media Inc. 19.48% 2,774,690 $73.5M Reduce -20.2%

Portfolio Sells Q4 2025 → Q1 2026
NYT New York Times Co. Class A Sold out 0.00% −12.60
OUT Outfront Media Inc. Reduce -20.2% 19.48% −3.48
CCO Clear Channel Outdoor Holdin Sold out 0.00% −2.16

Portfolio Buys Q4 2025 → Q1 2026
BL Blackline Inc. Add +225.5% 29.55% +15.52
APPN Appian Corp. Class A Add +155.3% 22.43% +9.08

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