SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

CIK 1543170 · View on SEC EDGAR ↗

Portfolio value
$3.4B
#1,065 of 9,443 by 13F value · top 11.3%
Positions
11
As of
June 30, 2026

Portfolio value QoQ: +21.4% 13F does not disclose cash

Top 10 holdings weight
99.59%
Top 25 holdings weight
100.00%
Positions above 1%
10
Effective number of positions
6.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.0% Est. buys $862,630,184 · sells $0

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 78.6% still held

New positions
0
Increased
5
Decreased
0
Closed
3
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+19.8%
S&P 500 total return (same window)
+28.1%
Excess return
-8.3%

Annualized: +12.8% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.7% · Options excluded: 0.0%

Sector breakdown

Retail
30.5%
Technology
27.1%
Consumer Discretionary
11.2%
Financial Services
8.6%
Logistics & Transportation
7.8%
Real Estate
7.6%
Industrials
7.1%

Full portfolio 11 positions

Type Streak 8Q trend
APP Applovin Corporation - Class A Common Stock $922,261,700 27.13% 1,790,000 $209,841,700
CVNA Carvana Co. Class A Common Stock $768,448,500 22.61% 11,675,000 $34,371,200 Up ×2
CPAY Corpay, Inc. Common Stock $293,277,600 8.63% 880,000 $37,206,400
W Wayfair Inc. Class A Common Stock $268,914,474 7.91% 2,909,700 $73,368,474 Up ×1
GXO GXO Logistics, Inc. Common Stock $266,175,000 7.83% 5,250,000 $97,662,500 Up ×1
CIGI Colliers International Group Inc. - Subordinate Voting Shares $257,351,861 7.57% 2,745,325 $-11,035,512 Up ×2
DKNG DraftKings Inc. - Class A Common Stock $243,759,000 7.17% 9,650,000 $35,126,000
SRAD Sportradar Group AG - Class A Ordinary Shares $137,050,350 4.03% 9,155,000 $91,015,350 Up ×1
CMPR Cimpress plc - Ordinary Shares $124,341,776 3.66% 1,222,633 $35,089,567
CNM Core & Main, Inc. Class A Common Stock $103,737,500 3.05% 2,150,000 $-2,472,500
QXO QXO, Inc. Common Stock $14,048,796 0.41% 813,009 $-1,739,839

Top movers (QoQ)

Security Action Shares Δ Value Δ
APP Price move only +0 +$209.8M
GXO Bought more +2.0M +$97.7M
SRAD Bought more +6.4M +$91.0M
W Bought more +310K +$73.4M
CPAY Price move only +0 +$37.2M
DKNG Price move only +0 +$35.1M
CMPR Price move only +0 +$35.1M
CVNA Bought more +9.3M +$34.4M
CIGI Bought more +234K -$11.0M
CNM Price move only +0 -$2.5M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
BECN March 31, 2025 500,000 $50,790,000 No longer tracked
DASH March 31, 2025 300,000 $50,325,000 20.1%
GPI March 31, 2025 29,500 $12,433,660 -30.0%