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SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

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13F filer, CIK 1543170, NEW YORK, NY

SPRUCE HOUSE INVESTMENT MANAGEMENT LLC reported $2,800,933,217 across 11 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 99.44% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001543170-26-000006

Period
2026-03-31
Reported value
$2.8B
Holdings
11
Top 10 weight
99.44%
New
1
Sold out
0

Part of the filer group SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CIGIadded+1,209,867$129M
DKNGadded+5,446,166$118M
SRADnew+2,750,000$46M
CVNAadded+60,000$18.9M
CPAYadded+50,000$14.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
Wreduced-323,845-$24.4M
CMPRreduced-242,733-$17.7M
APPreduced-9,729-$3.87M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001543170-26-000006, largest first. % of portfolio is the value over $2,800,933,217, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CVNACARVANA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,000,000 shares; 2024Q4: 4,921,000 shares; 2025Q1: 3,609,288 shares; 2025Q2: 3,609,288 shares; 2025Q3: 3,609,288 shares; 2025Q4: 2,275,000 shares; 2026Q1: 2,335,000 shares 2,335,000$734M26.21%+60,000Timeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,600,000 shares; 2024Q4: 3,107,024 shares; 2025Q1: 2,057,024 shares; 2025Q2: 2,057,024 shares; 2025Q3: 2,057,024 shares; 2025Q4: 1,799,729 shares; 2026Q1: 1,790,000 shares 1,790,000$712M25.44%-9,729Timeline
CIGICOLLIERS INTL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,301,132 shares; 2024Q4: 1,301,133 shares; 2025Q1: 1,301,133 shares; 2025Q2: 1,301,133 shares; 2025Q3: 1,301,133 shares; 2025Q4: 1,301,133 shares; 2026Q1: 2,511,000 shares 2,511,000$268M9.58%+1,209,8672026-09-24, 13D/A: 3,282,012 shares, 6.6% of the class, 13D/A filed 2026-09-28 Timeline
CPAYCORPAY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 425,000 shares; 2025Q4: 830,000 shares; 2026Q1: 880,000 shares 880,000$256M9.14%+50,000Timeline
DKNGDRAFTKINGS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 300,000 shares; 2025Q1: 300,000 shares; 2025Q2: 300,000 shares; 2025Q3: 300,000 shares; 2025Q4: 4,203,834 shares; 2026Q1: 9,650,000 shares 9,650,000$209M7.45%+5,446,166Timeline
WWAYFAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,637,000 shares; 2024Q4: 2,180,385 shares; 2025Q1: 2,180,385 shares; 2025Q2: 3,000,000 shares; 2025Q3: 2,923,845 shares; 2025Q4: 2,923,845 shares; 2026Q1: 2,600,000 shares 2,600,000$196M6.98%-323,845Timeline
GXOGXO LOGISTICS INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 900,000 shares; 2024Q4: 2,100,000 shares; 2025Q1: 4,253,997 shares; 2025Q2: 3,600,000 shares; 2025Q3: 3,250,000 shares; 2025Q4: 3,250,000 shares; 2026Q1: 3,250,000 shares 3,250,000$169M6.02%0Timeline
CNMCORE & MAIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,500,000 shares; 2024Q4: 1,500,000 shares; 2025Q1: 2,450,000 shares; 2025Q2: 2,450,000 shares; 2025Q3: 2,150,000 shares; 2025Q4: 2,150,000 shares; 2026Q1: 2,150,000 shares 2,150,000$106M3.79%0Timeline
CMPRCIMPRESS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,058,904 shares; 2024Q4: 2,058,904 shares; 2025Q1: 2,058,904 shares; 2025Q2: 2,058,904 shares; 2025Q3: 2,058,904 shares; 2025Q4: 1,465,366 shares; 2026Q1: 1,222,633 shares 1,222,633$89.3M3.19%-242,733Timeline
SRADSPORTRADAR GROUP AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 2,750,000 shares 2,750,000$46M1.64%newTimeline
QXOQXO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 813,009 shares; 2025Q2: 813,009 shares; 2025Q3: 813,009 shares; 2025Q4: 813,009 shares; 2026Q1: 813,009 shares 813,009$15.8M0.56%0Timeline

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001543170-26-000006 base2026-05-15acceptance time not in the bulk data set