Q3 2025 · 13F-HR
SPRUCE HOUSE INVESTMENT MANAGEMENT LLCholdings as filed
Filed 2025-11-14 · accession 0001543170-25-000013
$3.87B
Reported value
10
Positions
2025-09-30
Period end
The Brief · SPRUCE HOUSE INVESTMENT MANAGEMENT LLC · Q3 2025
AI · grounded in 13F
Spruce House Investment Management LLC established a new position in Corpay Inc CPAY valued at $122.4M. The fund reduced its holdings in Core & Main Inc CNM and GXO Logistics Incorporated GXO by 12.2% and 9.7% respectively. It also trimmed its position in Wayfair Inc W by 2.5%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 03831W108 | APP | APPLOVIN CORP | $1.48B | 38.2% | 2,057,024 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $1.36B | 35.2% | 3,609,288 | Common | SOLE |
| 94419L101 | W | WAYFAIR INC | $261.2M | 6.75% | 2,923,845 | Common | SOLE |
| 194693107 | CIGI | COLLIERS INTL GROUP INC | $203.4M | 5.26% | 1,301,133 | Common | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $171.9M | 4.44% | 3,250,000 | Common | SOLE |
| G2143T103 | CMPR | CIMPRESS PLC | $129.8M | 3.35% | 2,058,904 | Common | SOLE |
| 219948106 | CPAY | CORPAY INC | $122.4M | 3.16% | 425,000 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $115.7M | 2.99% | 2,150,000 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $15.5M | 0.40% | 813,009 | Common | SOLE |
| 26142V105 | DKNG | DRAFTKINGS INC NEW | $11.2M | 0.29% | 300,000 | 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.