Q4 2025 · 13F-HR
SPRUCE HOUSE INVESTMENT MANAGEMENT LLCholdings as filed
Filed 2026-02-17 · accession 0001543170-26-000004
$3.45B
Reported value
10
Positions
2025-12-31
Period end
The Brief · SPRUCE HOUSE INVESTMENT MANAGEMENT LLC · Q4 2025
AI · grounded in 13F
Spruce House Investment Management LLC increased its position in DKNG by 1,301.28%. The fund also accumulated shares of CPAY by 95.29%. Conversely, the manager trimmed holdings in CVNA by 36.97%, CIMPRESS PLC by 28.83%, and APP by 12.51%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 03831W108 | APP | APPLOVIN CORP | $1.21B | 35.2% | 1,799,729 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $960.1M | 27.8% | 2,275,000 | Common | SOLE |
| 94419L101 | W | WAYFAIR INC | $293.6M | 8.51% | 2,923,845 | Common | SOLE |
| 219948106 | CPAY | CORPAY INC | $249.8M | 7.24% | 830,000 | Common | SOLE |
| 194693107 | CIGI | COLLIERS INTL GROUP INC | $191.3M | 5.55% | 1,301,133 | Common | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $171.1M | 4.96% | 3,250,000 | Common | SOLE |
| 26142V105 | DKNG | DRAFTKINGS INC NEW | $144.9M | 4.20% | 4,203,834 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $111.7M | 3.24% | 2,150,000 | Common | SOLE |
| G2143T103 | CMPR | CIMPRESS PLC | $97.6M | 2.83% | 1,465,366 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $15.7M | 0.45% | 813,009 | 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.