Spruce House Investment Management LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Spruce House Investment Management LLC disclosed 10 US equity positions worth $3.9bn in its Q3 2025 13F filing. The largest position was APP at 38.2% of the reported book, followed by CVNA and W. Against the Q2 2025 filing, it opened 1 new position, added to 0 and reduced 3 among the top 10 holdings.
What did Spruce House Investment Management LLC own in Q3 2025? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | APP APPLOVIN CORP | Communication Services | 38.2% | $1.5bn | 2,057,024 | 0% | held |
| 2 | CVNA CARVANA CO | Consumer Cyclical | 35.2% | $1.4bn | 3,609,288 | 0% | held |
| 3 | W WAYFAIR INC | Consumer Cyclical | 6.7% | $261.2m | 2,923,845 | -3% | reduced |
| 4 | CIGI COLLIERS INTL GROUP INC | Real Estate | 5.3% | $203.4m | 1,301,133 | 0% | held |
| 5 | GXO GXO LOGISTICS INCORPORATED | Industrials | 4.4% | $171.9m | 3,250,000 | -10% | reduced |
| 6 | CMPR CIMPRESS PLC | Industrials | 3.4% | $129.8m | 2,058,904 | 0% | held |
| 7 | CPAY CORPAY INC | 3.2% | $122.4m | 425,000 | – | new | |
| 8 | CNM CORE & MAIN INC | Industrials | 3.0% | $115.7m | 2,150,000 | -12% | reduced |
| 9 | QXO QXO INC | Industrials | 0.4% | $15.5m | 813,009 | 0% | held |
| 10 | DKNG DRAFTKINGS INC NEW | Consumer Cyclical | 0.3% | $11.2m | 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.