Institutional Manager · CIK 0001543170
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC
NEW YORK, NY · File #028-16511
Latest AUM
$3.45B
Positions
10
Top-10 Concentration
100.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | CARVANA CO | CVNA | -1,334,288 | -$563.1M | +$161.6M |
| REDUCE | APPLOVIN CORP | APP | -257,295 | -$173.4M | -$92.0M |
| ADD | DRAFTKINGS INC NEW | DKNG | +3,903,834 | +$134.5M | -$882,000 |
| ADD | CORPAY INC | CPAY | +405,000 | +$121.9M | +$5.5M |
| REDUCE | CIMPRESS PLC | CMPR | -593,538 | -$39.5M | +$7.3M |
| REDUCE | COLLIERS INTL GROUP INC | 194693107 | 0 | $0 | -$12.2M |
| REDUCE | CORE & MAIN INC | CNM | 0 | $0 | -$4.0M |
| REDUCE | GXO LOGISTICS INCORPORATED | GXO | 0 | $0 | -$812,500 |
| REDUCE | QXO INC | QXO-PB | 0 | $0 | +$186,992 |
| REDUCE | WAYFAIR INC | W | 0 | $0 | +$32.4M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202510 pos · $3.45B
- 13F HOLDINGS REPORTQ/E Sep 202510 pos · $3.87B
- 13F HOLDINGS REPORTQ/E Jun 20259 pos · $2.71B
- 13F HOLDINGS REPORTQ/E Mar 20259 pos · $1.93B
- 13F HOLDINGS REPORTQ/E Dec 202411 pos · $2.72B
- 13F HOLDINGS REPORTQ/E Sep 202410 pos · $2.04B
- 13F HOLDINGS REPORTQ/E Jun 202410 pos · $1.52B
- 13F HOLDINGS REPORTQ/E Mar 202411 pos · $1.39B
- 13F HOLDINGS REPORTQ/E Dec 20236 pos · $1.12B
Top 10 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | APPLOVIN CORP | APP | 1,799,729 | $1.21B | 35.17% |
| 2 | CARVANA CO | CVNA | 2,275,000 | $960.1M | 27.84% |
| 3 | WAYFAIR INC | W | 2,923,845 | $293.6M | 8.51% |
| 4 | CORPAY INC | CPAY | 830,000 | $249.8M | 7.24% |
| 5 | COLLIERS INTL GROUP INC | 194693107 | 1,301,133 | $191.3M | 5.55% |
| 6 | GXO LOGISTICS INCORPORATED | GXO | 3,250,000 | $171.1M | 4.96% |
| 7 | DRAFTKINGS INC NEW | DKNG | 4,203,834 | $144.9M | 4.20% |
| 8 | CORE & MAIN INC | CNM | 2,150,000 | $111.7M | 3.24% |
| 9 | CIMPRESS PLC | CMPR | 1,465,366 | $97.6M | 2.83% |
| 10 | QXO INC | QXO-PB | 813,009 | $15.7M | 0.45% |