Spruce House Investment Management
NEW YORK, NYfiles as SPRUCE HOUSE INVESTMENT MANAGEMENT LLC
$3.4bn in 11 US stocks at the end of 30 June 2026. The top 10 are 99.6% of the money. It changed about 7.3% of the portfolio this quarter.
Value
$3.4bn
Stocks
11
Top 10 share
99.6%
Turnover
7.3%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- WayfairW7.9% of the fund+12%
- GXO LogisticsGXO7.8% of the fund+62%
- Colliers International GroupCIGI7.6% of the fund+9%
- Sportradar Group AGSRAD4.0% of the fund+233%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Colliers International GroupCIGI
- Share
- 7.6%
- Value
- $257m
- Shares
- 2,745,325
+9%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppLovinAPP | 27.1% | $922m | 1,790,000 | Held |
| CarvanaCVNA | 22.6% | $768m | 11,675,000 | Held |
| CorpayCPAY | 8.6% | $293m | 880,000 | Held |
| WayfairW | 7.9% | $269m | 2,909,700 | +12% |
| GXO LogisticsGXO | 7.8% | $266m | 5,250,000 | +62% |
| Colliers International GroupCIGI | 7.6% | $257m | 2,745,325 | +9% |
| DraftKingsDKNG | 7.2% | $244m | 9,650,000 | Held |
| Sportradar Group AGSRAD | 4.0% | $137m | 9,155,000 | +233% |
| CimpressCMPR | 3.7% | $124m | 1,222,633 | Held |
| Core & MainCNM | 3.1% | $104m | 2,150,000 | Held |
| QXOQXO | 0.4% | $14m | 813,009 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 25.4% since 30 June 2025.
Where the money is
Retail & consumer37.7%
Media & telecom27.1%
Industrials15.0%
Financial services8.6%
Real estate7.6%
Technology4.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.