Spruce House Investment Management LLC
Net buyer this quarter
$3.4B
11
+$248M
99.6%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 APP | $922M | 27.13% | 0.53% | Not reported | Q2 2021 |
 CVNA | $768M | 22.61% | Not reported | Not reported | Q1 2018 |
 CPAY | $293M | 8.63% | 1.34% | Not reported | Q3 2025 |
 W | $269M | 7.91% | Not reported | +11.9% | Q1 2017 |
 GXO | $266M | 7.83% | 4.57% | +61.5% | Q1 2024 |
 CIGI | $257M | 7.57% | 6.83% | +9.3% | Q2 2015 |
 DKNG | $244M | 7.17% | Not reported | Not reported | Q4 2024 |
 SRAD | $137M | 4.03% | Not reported | +232.9% | Q3 2021 |
 CMPR | $124M | 3.66% | 5.02% | Not reported | Q4 2014 |
 CNM | $104M | 3.05% | Not reported | Not reported | Q1 2024 |
 QXO | $14M | 0.41% | 0.11% | Not reported | Q1 2025 |
| Q1 2026 | |||||
| CVNA | $734M | 26.21% | Not reported | +2.6% | Q1 2018 |
| APP | $712M | 25.44% | 0.53% | -0.5% | Q2 2021 |
| CIGI | $268M | 9.58% | 6.25% | +93.0% | Q2 2015 |
| CPAY | $256M | 9.14% | 1.33% | +6.0% | Q3 2025 |
| DKNG | $209M | 7.45% | Not reported | +129.6% | Q4 2024 |
| W | $196M | 6.98% | Not reported | -11.1% | Q1 2017 |
| GXO | $169M | 6.02% | 2.83% | Not reported | Q1 2024 |
| CNM | $106M | 3.79% | Not reported | Not reported | Q1 2024 |
| CMPR | $89.3M | 3.19% | 5.05% | -16.6% | Q4 2014 |
| SRAD | $46M | 1.64% | Not reported | Not reported | Q3 2021 |
| QXO | $15.8M | 0.56% | 0.11% | Not reported | Q1 2025 |
| Q4 2025 | |||||
| APP | $1.21B | 35.17% | 0.53% | -12.5% | Q2 2021 |
| CVNA | $960M | 27.84% | Not reported | -37.0% | Q1 2018 |
| W | $294M | 8.51% | Not reported | Not reported | Q1 2017 |
| CPAY | $250M | 7.24% | 1.21% | +95.3% | Q3 2025 |
| CIGI | $191M | 5.55% | 3.24% | Not reported | Q2 2015 |
| GXO | $171M | 4.96% | 2.84% | Not reported | Q1 2024 |
| DKNG | $145M | 4.20% | Not reported | +1301.3% | Q4 2024 |
| CNM | $112M | 3.24% | Not reported | Not reported | Q1 2024 |
| CMPR | $97.6M | 2.83% | 6.00% | -28.8% | Q4 2014 |
| QXO | $15.7M | 0.45% | 0.12% | Not reported | Q1 2025 |
| Q3 2025 | |||||
| APP | $1.48B | 38.18% | 0.61% | Not reported | Q2 2021 |
| CVNA | $1.36B | 35.18% | Not reported | Not reported | Q1 2018 |
| W | $261M | 6.75% | Not reported | -2.5% | Q1 2017 |
| CIGI | $203M | 5.26% | 3.24% | Not reported | Q2 2015 |
| GXO | $172M | 4.44% | 2.84% | -9.7% | Q1 2024 |
| CMPR | $130M | 3.35% | 8.35% | Not reported | Q4 2014 |
| CPAY | $122M | 3.16% | 0.61% | New | Q3 2025 |
| CNM | $116M | 2.99% | Not reported | -12.2% | Q1 2024 |
| QXO | $15.5M | 0.40% | 0.12% | Not reported | Q1 2025 |
| DKNG | $11.2M | 0.29% | Not reported | Not reported | Q4 2024 |