Spruce House Investment Management LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Spruce House Investment Management LLC disclosed 9 US equity positions worth $2.7bn in its Q2 2025 13F filing. The largest position was CVNA at 44.9% of the reported book, followed by APP and GXO. Against the Q1 2025 filing, it opened 0 new positions, added to 1 and reduced 1 among the top 9 holdings.
What did Spruce House Investment Management LLC own in Q2 2025? Top 9 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CVNA CARVANA CO | Consumer Cyclical | 44.9% | $1.2bn | 3,609,288 | 0% | held |
| 2 | APP APPLOVIN CORP | Communication Services | 26.6% | $720.1m | 2,057,024 | 0% | held |
| 3 | GXO GXO LOGISTICS INCORPORATED | Industrials | 6.5% | $175.3m | 3,600,000 | -15% | reduced |
| 4 | CIGI COLLIERS INTL GROUP INC | Real Estate | 6.3% | $170.4m | 1,301,133 | 0% | held |
| 5 | W WAYFAIR INC | Consumer Cyclical | 5.7% | $153.4m | 3,000,000 | 38% | added |
| 6 | CNM CORE & MAIN INC | Industrials | 5.5% | $147.9m | 2,450,000 | 0% | held |
| 7 | CMPR CIMPRESS PLC | Industrials | 3.6% | $96.8m | 2,058,904 | 0% | held |
| 8 | QXO QXO INC | Industrials | 0.6% | $17.5m | 813,009 | 0% | held |
| 9 | DKNG DRAFTKINGS INC NEW | Consumer Cyclical | 0.5% | $12.9m | 300,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.