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SHIM

Spruce House Investment Management Portfolio holdings

AUM $2.8B
1-Year Est. Return 65.68%
This Fund
S&P 500
This Quarter Est. Return
-10.15%
1 Year Est. Return
+65.68%
3 Year Est. Return
+1,495.01%
5 Year Est. Return
+378.3%
10 Year Est. Return
+4,584.23%
AUM
$540M
AUM Growth
+$32.6M
Cap. Flow
+$117M
Cap. Flow %
21.63%
Top 10 Hldgs %
100%
Holding
10
New
1
Increased
2
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
XPO icon
XPO
XPO
+$101M
2
CMPR icon
Cimpress
CMPR
+$59M
3
BLDR icon
Builders FirstSource
BLDR
+$18.5M

Top Sells

Rank Stock Value
1
ECHO
Echo Global Logistics, Inc.
ECHO
+$35.9M
2
WRLD icon
World Acceptance Corp
WRLD
+$20M
3
BMCH
BMC Stock Holdings, Inc
BMCH
+$5.63M

Sector Composition

Rank Sector Weight
1 Industrials 56.61%
2 Real Estate 33.24%
3 Consumer Discretionary 10.15%
4 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMPR icon
1
Cimpress
CMPR
$2.34B
$167M 31.03%
2,200,000
+793,800
+56% +$59M
XPO icon
2
XPO
XPO
$23B
$122M 22.53%
14,746,109
+7,681,277
+109% +$101M
CIGI icon
3
Colliers International
CIGI
$5.05B
$99.9M 18.51%
2,453,036
– –
FSV icon
4
FirstService
FSV
$6.27B
$79.5M 14.73%
2,453,036
– –
IBP icon
5
Installed Building Products
IBP
$6.52B
$43.2M 8.01%
1,710,600
– –
BLDR icon
6
Builders FirstSource
BLDR
$7.8B
$16.5M 3.06%
+1,300,000
New +$18.5M
LOV
7
DELISTED
Spark Networks SE American Depositary Shares
LOV
$6.26M 1.16%
2,175,000
– –
BMCH
8
DELISTED
BMC Stock Holdings, Inc
BMCH
$5.24M 0.97%
297,641
-302,359
-50% -$5.63M
WRLD icon
9
World Acceptance Corp
WRLD
$886M
– –
-325,000
Closed -$20M
ECHO
10
DELISTED
Echo Global Logistics, Inc.
ECHO
– –
-1,100,000
Closed -$35.9M

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AGA
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MC
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AF
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ISL
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Spruce House Investment Management's Q3 2015 Portfolio in Review

As of Q3 2015, Spruce House Investment Management held 10 positions worth $540M, up 6.4% from $507M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Spruce House Investment Management deployed $117M of net new capital in Q3 2015, opening 1 new position and adding to 2 existing holdings. Its largest new stake was Builders FirstSource: 1,300,000 shares worth $16.5M.

By sector, the portfolio is most concentrated in Industrials at 57% of assets, up from 52% a quarter earlier, followed by Real Estate and Consumer Discretionary.

On the sell side, the largest reduction was BMC Stock Holdings, Inc, an estimated $5.63M trimmed.

  • Spruce House Investment Management's largest Q3 2015 buy was Builders FirstSource: 1,300,000 shares worth $16.5M.
  • Spruce House Investment Management added most to XPO in Q3 2015, an estimated $101M increase.
  • Spruce House Investment Management's biggest Q3 2015 reduction was BMC Stock Holdings, Inc, cutting an estimated $5.63M.
  • Spruce House Investment Management fully exited Echo Global Logistics, Inc. in Q3 2015, selling an estimated $35.9M.
  • Spruce House Investment Management's ten largest holdings make up 100% of its $540M portfolio in Q3 2015.
  • Spruce House Investment Management opened 1 new position and closed 2 in Q3 2015.
  • Spruce House Investment Management's portfolio value rose 6.4% quarter-over-quarter to $540M.

Based on Spruce House Investment Management's 13F filing for Q3 2015, filed 13 Nov 2015.