SPRUCE HOUSE INVESTMENT MANAGEMENT LLC
CIK 0001543170
Annualised vol
36.93939%
Beta
1.089263
HHI
1593.246343
Top-10 weight
99.586723%
VaR 95%
3.458705%
VaR 99%
6.436056%
Max drawdown
83.013396%
Matched value
100.0%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| APP | UNCHANGED | 1,790,000 | 1,790,000 | 0.0% | 922,261,700 |
| CVNA | ADDED | 11,675,000 | 2,335,000 | 400.0% | 768,448,500 |
| CPAY | UNCHANGED | 880,000 | 880,000 | 0.0% | 293,277,600 |
| W | ADDED | 2,909,700 | 2,600,000 | 11.91% | 268,914,474 |
| GXO | ADDED | 5,250,000 | 3,250,000 | 61.54% | 266,175,000 |
| CIGI | ADDED | 2,745,325 | 2,511,000 | 9.33% | 257,351,861 |
| DKNG | UNCHANGED | 9,650,000 | 9,650,000 | 0.0% | 243,759,000 |
| SRAD | ADDED | 9,155,000 | 2,750,000 | 232.91% | 137,050,350 |
| CMPR | UNCHANGED | 1,222,633 | 1,222,633 | 0.0% | 124,341,776 |
| CNM | UNCHANGED | 2,150,000 | 2,150,000 | 0.0% | 103,737,500 |
| QXO | UNCHANGED | 813,009 | 813,009 | 0.0% | 14,048,796 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| APP | UNCHANGED | APPLOVIN CORP | COM CL A | 03831W108 | 922,261,700 | 27.13 | 1790000.0 |
| CVNA | ADDED | CARVANA CO | CL A | 146869102 | 768,448,500 | 22.61 | 1.1675E7 |
| CPAY | UNCHANGED | CORPAY INC | COM SHS | 219948106 | 293,277,600 | 8.63 | 880000.0 |
| W | ADDED | WAYFAIR INC | CL A | 94419L101 | 268,914,474 | 7.91 | 2909700.0 |
| GXO | ADDED | GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 | 266,175,000 | 7.83 | 5250000.0 |
| CIGI | ADDED | COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 | 257,351,861 | 7.57 | 2745325.0 |
| DKNG | UNCHANGED | DRAFTKINGS INC NEW | COM CL A | 26142V105 | 243,759,000 | 7.17 | 9650000.0 |
| SRAD | ADDED | SPORTRADAR GROUP AG | CLASS A ORD SHS | H8088L103 | 137,050,350 | 4.03 | 9155000.0 |
| CMPR | UNCHANGED | CIMPRESS PLC | SHS EURO | G2143T103 | 124,341,776 | 3.66 | 1222633.0 |
| CNM | UNCHANGED | CORE & MAIN INC | CL A | 21874C102 | 103,737,500 | 3.05 | 2150000.0 |
| QXO | UNCHANGED | QXO INC | COM NEW | 82846H405 | 14,048,796 | 0.41 | 813009.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 3,399,366,557 | 11 | 36.93939 | 1.089263 | 83.013396 |
| 2026-03-31 | 2026-05-15 | 2,800,933,217 | 11 | 38.819822 | 1.132706 | 84.279458 |
| 2025-12-31 | 2026-02-17 | 3,448,349,253 | 10 | 42.934916 | 1.219609 | 88.31922 |
| 2025-09-30 | 2025-11-14 | 3,870,807,636 | 10 | 47.922612 | 1.290151 | 91.215163 |
| 2025-03-31 | 2025-05-15 | 1,925,699,928 | 9 | 47.327203 | 1.240303 | 90.194786 |
| 2024-12-31 | 2025-02-14 | 2,720,448,779 | 11 | 47.572809 | 1.238782 | 91.013348 |