Fivespan Partners, LP is a San Francisco‑based investment partnership founded in 2023 that operates as a concentrated, fundamental‑value investor in high‑quality, industry‑leading public companies, with a particular focus on industrial and broadly industrial‑adjacent sectors. The firm manages a hedge‑fund‑style portfolio and seeks to partner constructively with company leadership to unlock enduring value for all stakeholders, emphasizing long‑term capital appreciation over short‑term trading. Led by Dylan Haggart as Managing Partner and Chief Investment Officer, Fivespan runs a small, tightly‑staffed team and describes itself as an employee‑owned, research‑intensive investment adviser within the broader financial‑services and asset‑management landscape.
Dylan Haggart is a Canadian‑born investor and corporate director who serves as Managing Partner and Chief Investment Officer of Fivespan Partners, a San Francisco–based concentrated‑equity investment firm he co‑founded in 2023. Prior to launching Fivespan, he spent over a decade as a Partner at governance‑oriented activist investor ValueAct Capital, where he worked closely with boards and management teams on strategy, capital allocation, mergers and acquisitions, and talent management. Earlier in his career he was a private‑equity associate at TPG Capital and an investment banker at Goldman Sachs, and he continues to serve on the board of Seagate Technology Holdings plc while previously serving on the board of Fiserv, Inc., bringing deep experience in technology, complex financial‑markets issues, and long‑term value creation.
Sarah Coyne is the Managing Partner and Co-Founder of Fivespan Partners, an activist investment firm in San Francisco, which she joined in September 2023 alongside Dylan Haggart. Previously, she spent six years as a Partner at ValueAct Capital (2017-2023), served on boards including Altus Power (2021-2023) and CBRE Acquisition Holdings (2020-2021), worked as a Private Equity Associate at KKR (2015-2017), and as an Investment Banking Analyst at Goldman Sachs (2013-2015), with earlier roles as a teaching and research assistant at the Wharton School. She holds a B.S. in Economics with a Finance concentration from the University of Pennsylvania's Wharton School (2009-2013), graduating summa cum laude and as a Beta Gamma Sigma member after studying abroad at Copenhagen Business School. At Fivespan, she has pursued shareholder activism, notably urging the New York Times in 2025 to leverage AI opportunities akin to Netflix and Spotify
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Companies with fund stakes involved in activist actions such as 13D filing(s) or proxy campaign(s).