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SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

Q2 2026 · Filed 2026-08-14
Market Value
$3.4B
+21.4%
Holdings
11
New Purchases
0
Added To
5
Closed
0
Reduced
0
Top 10 Concentration
99.6%
Turnover
0.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SRAD 4.03% 1.64% +2.39% $137M
GXO 7.83% 6.02% +1.81% $266M
APP 27.13% 25.44% +1.70% $922M
W 7.91% 6.98% +0.93% $269M
CMPR 3.66% 3.19% +0.47% $124M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CVNA 22.61% 26.21% -3.60% $768M
CIGI 7.57% 9.58% -2.01% $257M
CNM 3.05% 3.79% -0.74% $104M
CPAY 8.63% 9.14% -0.51% $293M
DKNG 7.17% 7.45% -0.28% $244M
QXO 0.41% 0.56% -0.15% $14M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 5 $2.3B 66.7%
Mid Cap 5 $1.0B 29.7%
Small Cap 1 $124M 3.7%

Portfolio Analytics

Avg Market Cap
$22.2B
Median Market Cap
$9.2B
Avg P/E
48.5
Median P/E
22.9
Avg Dividend Yield
0.00%
Avg Beta
1.90
# Stocks
11
# ETFs / Funds
0

Top Holdings (11 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 APP 27.13% 1,790,000 $922M $515.23 $210M — —
2 CVNA 22.61% 11,675,000 $768M $65.82 $34M +9,340,000 +400.0%
3 CPAY 8.63% 880,000 $293M $333.27 $37M — —
4 W 7.91% 2,909,700 $269M $92.42 $73M +309,700 +11.9%
5 GXO 7.83% 5,250,000 $266M $50.70 $98M +2,000,000 +61.5%
6 CIGI 7.57% 2,745,325 $257M $93.74 -$11M +234,325 +9.3%
7 DKNG 7.17% 9,650,000 $244M $25.26 $35M — —
8 SRAD 4.03% 9,155,000 $137M $14.97 $91M +6,405,000 +232.9%
9 CMPR 3.66% 1,222,633 $124M $101.70 $35M — —
10 CNM 3.05% 2,150,000 $104M $48.25 -$2M — —
11 QXO 0.41% 813,009 $14M $17.28 -$2M — —
View SEC EDGAR Filings for SPRUCE HOUSE INVESTMENT MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms