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Spruce House Investment Management LLC: 13F holdings, Q2 2026

Hedge fund · SEC EDGAR filings (CIK 1543170) · Explore on the interactive board

Spruce House Investment Management LLC disclosed 11 US equity positions worth $3.4bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is APP at 27.1% of the reported book, followed by CVNA, CPAY. The top ten holdings are 99.6% of the book, and the portfolio behaves like about 6 equal-weight positions. Versus the prior filing it opened 0 new positions, added to 5, reduced 0 and exited 0. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.

This manager's most recent filing is 3934 quarter(s) behind the newest quarter on file. Treat these figures as history, not current positioning.
$3.4bnreported US equity book
11positions
27.1%largest position
99.6%top 10 weight
6.28effective positions (1/HHI)
2quarters on file since Q1 2026

What does Spruce House Investment Management LLC own? Top holdings as of June 30, 2026

Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 0 new, 5 added, 0 reduced, 0 exited.

#StockSectorWeightValueSharesΔ sharesAction
1 APP APPLOVIN CORP Communication Services 27.1%$922.3m1,790,000 0% held
2 CVNA CARVANA CO Consumer Cyclical 22.6%$768.4m11,675,000 400% added
3 CPAY CORPAY INC Technology 8.6%$293.3m880,000 0% held
4 W WAYFAIR INC Consumer Cyclical 7.9%$268.9m2,909,700 12% added
5 GXO GXO LOGISTICS INCORPORATED Industrials 7.8%$266.2m5,250,000 62% added
6 CIGI COLLIERS INTL GROUP INC Real Estate 7.6%$257.4m2,745,325 9% added
7 DKNG DRAFTKINGS INC NEW Consumer Cyclical 7.2%$243.8m9,650,000 0% held
8 SRAD SPORTRADAR GROUP AG Technology 4.0%$137.1m9,155,000 233% added
9 CMPR CIMPRESS PLC Industrials 3.7%$124.3m1,222,633 0% held
10 CNM CORE & MAIN INC Industrials 3.1%$103.7m2,150,000 0% held
11 QXO QXO INC Industrials 0.4%$14.0m813,009 0% held

Sector mix

SectorWeight
Consumer Cyclical37.7%
Communication Services27.1%
Industrials15.0%
Technology12.7%
Real Estate7.6%

Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.

Filing history

QuarterPositionsEquity value
Q2 202611$3.4bn
Q1 202611$2.8bn

How concentrated is Spruce House Investment Management LLC's portfolio?

Across every quarter Spruce House Investment Management LLC has filed, its median largest position is 26.7% of the book and its median top-ten weight is 99.5%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%).