SPRUCE HOUSE INVESTMENT MANAGEMENT LLC — 13F Holdings & Portfolio
CIK 1543170 · latest 13F-HR filed 2026-05-15
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC manages $2.80B in 13F-reported U.S. long-equity assets across 11 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are CVNA (26.21%), APP (25.44%), CIGI (9.58%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 1 new position, exited 0, added to 2, and trimmed 4.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$2.80B
Long-equity book
11
Distinct positions
2026-03-31
Filed 2026-05-15
+1 / −0 / ↑2 / ↓4
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- COLLIERS INTL GROUP INC$77.1M +40.3%
- DRAFTKINGS INC NEW$63.8M +44.0%
Top Trims
- APPLOVIN CORP-$500.3M -41.3%
- CARVANA CO-$226.0M -23.5%
- WAYFAIR INC-$98.0M -33.4%
- CIMPRESS PLC-$8.3M -8.5%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | CARVANA CO | CVNA | 146869102 | $734.1M | 26.21% | 2,335,000 | SH |
| 2 | APPLOVIN CORP | APP | 03831W108 | $712.4M | 25.44% | 1,790,000 | SH |
| 3 | COLLIERS INTL GROUP INC | CIGI | 194693107 | $268.4M | 9.58% | 2,511,000 | SH |
| 4 | CORPAY INC | CPAY | 219948106 | $256.1M | 9.14% | 880,000 | SH |
| 5 | DRAFTKINGS INC NEW | DKNG | 26142V105 | $208.6M | 7.45% | 9,650,000 | SH |
| 6 | WAYFAIR INC | W | 94419L101 | $195.5M | 6.98% | 2,600,000 | SH |
| 7 | GXO LOGISTICS INCORPORATED | GXO | 36262G101 | $168.5M | 6.02% | 3,250,000 | SH |
| 8 | CORE & MAIN INC | CNM | 21874C102 | $106.2M | 3.79% | 2,150,000 | SH |
| 9 | CIMPRESS PLC | CMPR | G2143T103 | $89.3M | 3.19% | 1,222,633 | SH |
| 10 | SPORTRADAR GROUP AG | SRAD | H8088L103 | $46.0M | 1.64% | 2,750,000 | SH |
| 11 | QXO INC | QXO | 82846H405 | $15.8M | 0.56% | 813,009 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $2.80B | 11 | 0001543170-26-000006 |
| 2025-12-31 | 2026-02-17 | $3.45B | 10 | 0001543170-26-000004 |
| 2025-09-30 | 2025-11-14 | $3.87B | 10 | 0001543170-25-000013 |