In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Governors Lane LP reported 33 stock positions worth $621.9 million . Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 7.8% of the portfolio, followed by Advanced Micro Devices (AMD, 6.9% ) and KKR (KKR, 6.5% ). Compared with Q2 2024, it opened 13 new positions, sold out of 14, added to 6 and reduced 11. The biggest buy was Advanced Micro Devices (AMD, shares +315% ) and the biggest sale Ansys (ANSS, shares −64% ).
Location NEW YORK, NY
CIK 0001644187
Portfolio Value $621.9M (Q3 2024) Holdings 33 stocks · $621.9M 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 Q2 2024 TSM Taiwan Semiconductor-SP ADR 280,900 $48.8M Reduce -20.4% AMD Advanced Micro Devices 262,290 $43.0M Add +315.2% KKR KKR & Co. Inc. 308,400 $40.3M Reduce -12.8% VTR Ventas Inc. 608,290 $39.0M Reduce -12.9% DFS Discover Financial Services 258,782 $36.3M Add +62.5% K Kellanova 361,800 $29.2M New HES Hess Corp. 191,500 $26.0M No change ANSS Ansys Inc. 77,400 $24.7M Reduce -64.0% IBKR Interactive Brokers Gro Class A 166,900 $23.3M Add +19.7% CP Canadian Pacific Kansas City 248,000 $21.2M New ALE Allete Inc. 322,200 $20.7M No change MRO Marathon Oil Corp. 714,700 $19.0M No change CPT Camden Property Trust 149,500 $18.5M Add +215.4% UNH Unitedhealth Group Inc. 29,300 $17.1M Add +17.2% CTLT Catalent Inc. 272,400 $16.5M Reduce -13.7% V Visa Inc. Class A 59,800 $16.4M New WDAY Workday Inc. Class A 64,505 $15.8M Reduce -56.9% BYD Boyd Gaming Corp. 236,900 $15.3M New JLL Jones Lang Lasalle Inc. 52,095 $14.1M Reduce -47.8% ONON On Holding AG Class A filed as ON HLDG AG 263,500 $13.2M Add +105.9% ADSK Autodesk Inc. 44,400 $12.2M Reduce -32.8% CDNS Cadence Design SYS Inc. 42,100 $11.4M New ANF Abercrombie & Fitch Co. Class A 78,600 $11.0M New DD Dupont DE Nemours Inc. 122,000 $10.9M New ICE Intercontinental Exchange Inc. 67,600 $10.9M Reduce -65.9% REXR Rexford Industrial Realty Inc. 214,000 $10.8M New SMAR Smartsheet Inc. Class A 194,200 $10.8M New LULU Lululemon Athletica Inc. 39,500 $10.7M New AMZN Amazon.com Inc. 56,200 $10.5M Reduce -66.1% WAL Western Alliance Bancorp 100,824 $8.7M Reduce -23.6% GS Goldman Sachs Group Inc. 10,900 $5.4M New BLCO Bausch + Lomb Corp. 269,300 $5.2M New FUN Six Flags Entertainment Corp. 128,800 $5.2M New
Options reported separately and not counted above: SPY puts ($152.0M), AAPL puts ($144.5M), TSM calls ($47.8M), CBOE puts ($43.5M), J calls ($35.9M), SMCI puts ($26.9M), X calls ($26.5M), DD calls ($24.1M), AMD calls ($23.8M), ASML calls ($22.1M), ULTA puts ($20.0M), BYD calls ($19.9M), and 6 more.
Other holdings (3): bonds, preferreds, convertibles and warrants · $16.2M (not counted above) Total filed on the 13F, all lines: $638.1M.
Portfolio Sells Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ ANSS Ansys Inc. Reduce -64.0% 3.97% −7.02 AMZN Amazon.com Inc. Reduce -66.1% 1.68% −3.41 PLD Prologis Inc. Sold out 0.00% −2.90 WDAY Workday Inc. Class A Reduce -56.9% 2.53% −2.79 EMR Emerson Electric Co. Sold out 0.00% −2.62 ICE Intercontinental Exchange Inc. Reduce -65.9% 1.75% −2.57 EDR Endeavor Group Hold Class A Sold out 0.00% −2.45 HUBS HubSpot Inc. Sold out 0.00% −2.43 SHEL Shell PLC-ADR Sold out 0.00% −2.38 ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −2.03 TSM Taiwan Semiconductor-SP ADR Reduce -20.4% 7.84% −1.92 CERE Cerevel Therapeutics Holding Sold out 0.00% −1.25 SIX Six Flags Entertainment Corp. Sold out 0.00% −1.20 JLL Jones Lang Lasalle Inc. Reduce -47.8% 2.26% −1.00 PTC PTC Inc. Sold out 0.00% −0.97 BKNG Booking Holdings Inc. Sold out 0.00% −0.88 HUM Humana Inc. Sold out 0.00% −0.75 ADSK Autodesk Inc. Reduce -32.8% 1.97% −0.64 VSXY Victoria's Secret & Co. Sold out 0.00% −0.40 SAM Boston Beer Company Inc. Class A Sold out 0.00% −0.39 CTLT Catalent Inc. Reduce -13.7% 2.65% −0.17 CALIDI BIOTHERAPEUTICS INC Sold out 0.00% −0.00 WAL Western Alliance Bancorp Reduce -23.6% 1.40% +0.08 KKR KKR & Co. Inc. Reduce -12.8% 6.48% +0.55 VTR Ventas Inc. Reduce -12.9% 6.27% +0.58
Portfolio Buys Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ AMD Advanced Micro Devices Add +315.2% 6.92% +5.29 K Kellanova New 4.70% +4.70 CP Canadian Pacific Kansas City New 3.41% +3.41 V Visa Inc. Class A New 2.64% +2.64 DFS Discover Financial Services Add +62.5% 5.84% +2.52 BYD Boyd Gaming Corp. New 2.46% +2.46 CPT Camden Property Trust Add +215.4% 2.97% +2.15 CDNS Cadence Design SYS Inc. New 1.83% +1.83 ANF Abercrombie & Fitch Co. Class A New 1.77% +1.77 DD Dupont DE Nemours Inc. New 1.75% +1.75 REXR Rexford Industrial Realty Inc. New 1.73% +1.73 SMAR Smartsheet Inc. Class A New 1.73% +1.73 LULU Lululemon Athletica Inc. New 1.72% +1.72 ONON On Holding AG Class A Add +105.9% 2.12% +1.33 IBKR Interactive Brokers Gro Class A Add +19.7% 3.74% +1.02 GS Goldman Sachs Group Inc. New 0.87% +0.87 BLCO Bausch + Lomb Corp. New 0.84% +0.84 FUN Six Flags Entertainment Corp. New 0.83% +0.83 UNH Unitedhealth Group Inc. Add +17.2% 2.75% +0.73
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ AAPL Apple Inc. call Sold out 1,000,000 $210.6Mbefore exit SPY SS SPDR S&P 500 ETF Trust-US put New 265,000 $152.0M AAPL Apple Inc. put New 620,000 $144.5M TSM Taiwan Semiconductor-SP ADR call New 275,000 $47.8M CTVA Corteva Inc. call Sold out 832,500 $44.9Mbefore exit CBOE Cboe Global Markets Inc. put New 212,500 $43.5M VTR Ventas Inc. call Sold out 765,000 $39.2Mbefore exit IBKR Interactive Brokers Gro Class A call Sold out 307,500 $37.7Mbefore exit WDAY Workday Inc. Class A call Sold out 167,500 $37.4Mbefore exit J Jacobs Solutions Inc. call New 274,500 $35.9M PCAR Paccar Inc. put Sold out 307,500 $31.7Mbefore exit BA The Boeing Co. call Sold out 162,500 $29.6Mbefore exit SMCI Super Micro Computer Inc. put New 64,500 $26.9M EMR Emerson Electric Co. call Sold out 225,000 $24.8Mbefore exit DD Dupont DE Nemours Inc. call New 270,000 $24.1M AMD Advanced Micro Devices call Add +119.7% 145,000 $23.8M ASML ASML Holding NV-NY Reg SHS call New 26,500 $22.1M BXP BXP Inc. call Sold out 350,000 $21.5Mbefore exit SIX Six Flags Entertainment Corp. call Sold out 631,300 $20.9Mbefore exit ULTA Ulta Beauty Inc. put New 51,500 $20.0M BYD Boyd Gaming Corp. call New 307,900 $19.9M JBHT Hunt (jb) Transprt SVCS Inc. call New 109,000 $18.8M HUM Humana Inc. call New 45,000 $14.3M CPRI Capri Holdings Ltd. call New 280,200 $11.9M SPR Spirit Aerosystems Hold Class A put Sold out 297,000 $9.8Mbefore exit TDS Telephone and Data Systems call New 397,500 $9.2M AMTM Amentum Holdings Inc. call New 274,500 $8.9M GM General Motors Co. put New 150,000 $6.7M RXT Rackspace Technology Inc. put Sold out 787,500 $2.3Mbefore exit JLL Jones Lang Lasalle Inc. call Sold out 1,200 $246Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 125 $992.8M NSC, TXNM, WBD, EA, SHW Q1 2026 110 $797.2M NSC, WBD, EA, JHG, TXNM Q4 2025 114 $1.1B WBD, NSC, TXNM, EA, TSM Q3 2025 94 $715.5M NSC, TXNM, VTR, BAC, TSM Q2 2025 84 $723.9M GMS, UBS, AMZN, KKR, JLL Q1 2025 39 $449.2M ITCI, HES, DFS, TSM, VTR Q4 2024 35 $649.7M DFS, AMZN, VTR, K, HES Q3 2024 33 $621.9M TSM, AMD, KKR, VTR, DFS Q2 2024 34 $628.7M ANSS, TSM, KKR, VTR, WDAY Q1 2024 34 $614.5M ANSS, TSM, WDAY, KKR, RTX