Filed: 11/14/2025ACC: 0001543170-25-000013
📋 What this filing means
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 10 equity positions with a total reported market value of $3.87B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
10
Positions
$3.87B
Total AUM (reported)
18.89M
Total Shares
Allocation by class
CL A$1.74B44.9%
COM CL A$1.49B38.5%
SUB VTG SHS$203.44M5.3%
COMMON STOCK$171.89M4.4%
SHS EURO$129.79M3.4%
COM SHS$122.43M3.2%
COM NEW$15.50M0.4%
Portfolio Concentration
Top 3$3.10B80.1%
4–10$770.00M19.9%
Top 3 weight
80.1%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 18.89M
Sole
Full voting authority
18.89M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole10
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings10
Rows:
APPLOVIN CORP
SOLEShares2.06M
TypeSH
Market value$1.48B
38.18%
Sole
2.06M
Shared
0.00
None
0.00
CARVANA CO
SOLEShares3.61M
TypeSH
Market value$1.36B
35.18%
Sole
3.61M
Shared
0.00
None
0.00
WAYFAIR INC
SOLEShares2.92M
TypeSH
Market value$261.19M
6.75%
Sole
2.92M
Shared
0.00
None
0.00
COLLIERS INTL GROUP INC
SOLEShares1.30M
TypeSH
Market value$203.44M
5.26%
Sole
1.30M
Shared
0.00
None
0.00
GXO LOGISTICS INCORPORATED
SOLEShares3.25M
TypeSH
Market value$171.89M
4.44%
Sole
3.25M
Shared
0.00
None
0.00
CIMPRESS PLC
SOLEShares2.06M
TypeSH
Market value$129.79M
3.35%
Sole
2.06M
Shared
0.00
None
0.00
CORPAY INC
SOLEShares425K
TypeSH
Market value$122.43M
3.16%
Sole
425K
Shared
0.00
None
0.00
CORE & MAIN INC
SOLEShares2.15M
TypeSH
Market value$115.73M
2.99%
Sole
2.15M
Shared
0.00
None
0.00
QXO INC
SOLEShares813.01K
TypeSH
Market value$15.50M
0.40%
Sole
813.01K
Shared
0.00
None
0.00
DRAFTKINGS INC NEW
SOLEShares300K
TypeSH
Market value$11.22M
0.29%
Sole
300K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
APPLOVIN CORPSOLE | COM CL A | 2.06M | SH | $1.48B 38.18% | 2.06M | 0.00 | 0.00 |
CARVANA COSOLE | CL A | 3.61M | SH | $1.36B 35.18% | 3.61M | 0.00 | 0.00 |
WAYFAIR INCSOLE | CL A | 2.92M | SH | $261.19M 6.75% | 2.92M | 0.00 | 0.00 |
COLLIERS INTL GROUP INCSOLE | SUB VTG SHS | 1.30M | SH | $203.44M 5.26% | 1.30M | 0.00 | 0.00 |
GXO LOGISTICS INCORPORATEDSOLE | COMMON STOCK | 3.25M | SH | $171.89M 4.44% | 3.25M | 0.00 | 0.00 |
CIMPRESS PLCSOLE | SHS EURO | 2.06M | SH | $129.79M 3.35% | 2.06M | 0.00 | 0.00 |
CORPAY INCSOLE | COM SHS | 425K | SH | $122.43M 3.16% | 425K | 0.00 | 0.00 |
CORE & MAIN INCSOLE | CL A | 2.15M | SH | $115.73M 2.99% | 2.15M | 0.00 | 0.00 |
QXO INCSOLE | COM NEW | 813.01K | SH | $15.50M 0.40% | 813.01K | 0.00 | 0.00 |
DRAFTKINGS INC NEWSOLE | COM CL A | 300K | SH | $11.22M 0.29% | 300K | 0.00 | 0.00 |