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Spruce House Investment Management

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Spruce House Investment Management · Filed 2026-08-14 · CIK 0001543170 · Q2 2026

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Form ADV discretionary AUM, 2026-10-02i
$5.24B
13F Equity Value
$3.40B
As of Q2 2026
13F / AUM
64.9%
Positions
11
13F long book at a glance — % of AUM
APP · 18%
CVNA · 15%
CPAY
W
GXO
CIGI
DKNG
NON-13F · 35%
#
Value
# SharesSourceWeight
1
APPLOVIN CORPHIST
APP
$922.3M
17.6%1,790,000——0.53%13F
2
CARVANA COHIST
CVNA
$768.4M
14.7%11,675,000+9,340,000+400.0%1.63%13F
3
CORPAY INCHIST
CPAY
$293.3M
5.6%880,000——1.34%13F
4
WAYFAIR INCHIST
W
$268.9M
5.1%2,909,700+309,700+11.9%2.22%13F
5
GXO LOGISTICS INCORPORATEDHIST
GXO
$266.2M
5.1%5,250,000+2,000,000+61.5%5.20%13F+13G
6
COLLIERS INTL GROUP INCHIST
CIGI
$257.4M
4.9%2,745,325+234,325+9.3%6.60%13F+13D
7
DRAFTKINGS INC NEWHIST
DKNG
$243.8M
4.7%9,650,000——1.95%13F
8
SPORTRADAR GROUP AGHIST
SRAD
$137.1M
2.6%9,155,000+6,405,000+232.9%5.80%13F+13G
9
CIMPRESS PLCHIST
CMPR
$124.3M
2.4%1,222,633——4.30%13F+13D
10
CORE & MAIN INCHIST
CNM
$103.7M
2.0%2,150,000——1.15%13F
11
QXO INCHIST
QXO
$14.0M
0.3%813,009——0.08%13F
Positions are primarily from the latest 13F-HR. Rows marked Off-13F are >5% stakes disclosed in Schedule 13D/13G filings — they capture holdings (incl. recent or non-13F-eligible names) the quarterly 13F may omit; these report shares and percent of class but not dollar value, so value is shown only for 13F positions. Chg Shares is the absolute change vs the same position in the prior quarter's 13F. % Out is position shares ÷ issuer shares outstanding (from the issuer's latest XBRL cover-page figure; weighted-average basic shares as a fallback), or the percent of class reported on a 13D/13G. Where a figure can't be sourced from a filing it shows “—” — never an estimate.