Q4 2025 · 13F-HR
Spark Investment Management LLCholdings as filed
Filed 2026-02-11 · accession 0000899140-26-000156
$40.2M
Reported value
27
Positions
2025-12-31
Period end
The Brief · Spark Investment Management LLC · Q4 2025
AI · grounded in 13F
Spark Investment Management LLC established a new position in NGDN valued at $2.43M. The fund also opened new stakes in VET for $2.3M and DOO for $1.34M. On the selling side, the fund closed its position in AYS1, reducing exposure by $1.39M. Other notable exits included CCJ and ASM, while the fund trimmed its holdings in CLS by 66.67%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 023135106 | AMZN | AMAZON COM INC | $10.0M | 24.8% | 43,180 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $4.1M | 10.1% | 7,000 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $2.7M | 6.72% | 6,000 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $2.7M | 6.63% | 9,000 | Common | SOLE |
| 644535106 | NGDN | NEW GOLD INC CDA | $2.4M | 6.05% | 279,000 | Common | SOLE |
| 923725105 | VET | VERMILION ENERGY INC | $2.3M | 5.74% | 277,000 | Common | SOLE |
| 496902404 | KGC | KINROSS GOLD CORP | $2.3M | 5.61% | 80,000 | Common | SOLE |
| 89679M104 | TFPM | TRIPLE FLAG PRECIOUS METAL | $1.9M | 4.80% | 58,000 | Common | SOLE |
| 683715106 | OTEX | OPEN TEXT CORP | $1.8M | 4.38% | 54,000 | Common | SOLE |
| 05577W200 | DOO | BRP INC | $1.3M | 3.34% | 19,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.3M | 3.20% | 6,900 | Common | SOLE |
| 53229C107 | LSPD | LIGHTSPEED COMMERCE INC | $1.1M | 2.85% | 95,000 | Common | SOLE |
| 29269R105 | EFXT | ENERFLEX LTD | $925,032 | 2.30% | 60,000 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $870,604 | 2.17% | 5,900 | Common | SOLE |
| 852066208 | SII | SPROTT INC | $783,624 | 1.95% | 8,000 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $739,648 | 1.84% | 5,200 | Common | SOLE |
| 674482203 | OBE | OBSIDIAN ENERGY LTD | $595,077 | 1.48% | 97,000 | Common | SOLE |
| 152006102 | CGAU | CENTERRA GOLD INC | $590,281 | 1.47% | 41,000 | Common | SOLE |
| 852234103 | XYZ | BLOCK INC | $566,283 | 1.41% | 8,700 | Common | SOLE |
| 74022D407 | PDS | PRECISION DRILLING CORP | $287,039 | 0.71% | 4,000 | Common | SOLE |
| 83419D201 | SLSR | SOLARIS RES INC | $256,467 | 0.64% | 32,000 | Common | SOLE |
| 01675A208 | BIRD | ALLBIRDS INC | $236,299 | 0.59% | 57,634 | Common | SOLE |
| 34988V106 | FOSL | FOSSIL GROUP INC | $210,184 | 0.52% | 55,900 | Common | SOLE |
| 135086106 | GOOS | CANADA GOOSE HLDGS INC | $207,389 | 0.52% | 16,000 | Common | SOLE |
| 42981E401 | HITI | HIGH TIDE INC | $42,783 | 0.11% | 16,000 | Common | SOLE |
| 517097101 | LGO | LARGO INC | $10,499 | 0.03% | 11,000 | Common | SOLE |
| P8696W104 | SVA | SINOVAC BIOTECH LTD | $0 | — | 29,100 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.