Spruce House Investment Management LLC
Annual return '25
+20.7%
SPY '25
+17.7%
Alpha
+3.0ptsvs SPY
Invested
$10.3B
Holdings
11
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 97%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$CVNA
CARVANA CO
Q1 2025: Sold 26.7% (4.92M → 3.61M shares)
26.2%
02
$APP
APPLOVIN CORP
Q1 2025: Sold 33.8% (3.11M → 2.06M shares)
25.4%
03
$CIGI
COLLIERS INTL GROUP INC
Q4 2024: New position (1.30M shares)
9.6%
04
$CPAY
CORPAY INC
Q3 2025: New position (425.0k shares)
9.1%
05
$DKNG
DRAFTKINGS INC NEW
Q4 2024: New position (300.0k shares)
7.4%
06
$W
WAYFAIR INC
Q3 2025: Sold 2.5% (3.00M → 2.92M shares)
7.0%
07
$GXO
GXO LOGISTICS INCORPORATED
Q1 2026: New position (102.7k shares)
6.0%
08
$CNM
CORE & MAIN INC
Q3 2025: Sold 12.2% (2.45M → 2.15M shares)
3.8%
09
$CMPR
CIMPRESS PLC
Q4 2024: New position (2.06M shares)
3.2%
10
$SRAD
SPORTRADAR GROUP AG
Held since at least Q1 2024
1.6%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 09:51 UTC.