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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
-13.41%
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
$377M
AUM Growth
-$178M
Cap. Flow
-$25.4M
Cap. Flow %
-6.75%
Top 10 Hldgs %
100%
Holding
7
New
–
Increased
3
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
CVNA icon
Carvana
CVNA
+$36.4M
2
APP icon
Applovin
APP
+$18.5M
3
W icon
Wayfair
W
+$5.23M

Top Sells

Rank Stock Value
1
GLBE icon
Global E Online
GLBE
+$54.8M
2
SRAD icon
Sportradar
SRAD
+$30.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 44.41%
2 Real Estate 24.35%
3 Industrials 17.27%
4 Communication Services 13.96%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
W icon
1
Wayfair
W
$14.6B
$120M 31.84%
3,650,000
+150,000
+4% +$5.23M
CIGI icon
2
Colliers International
CIGI
$5.19B
$91.8M 24.35%
1,000,000
– –
CMPR icon
3
Cimpress
CMPR
$2.31B
$65.1M 17.27%
2,358,904
– –
APP icon
4
Applovin
APP
$116B
$52.6M 13.96%
5,000,000
+1,259,199
+34% +$18.5M
CVNA icon
5
Carvana
CVNA
$77.9B
$47.4M 12.57%
50,000,000
+17,250,000
+53% +$36.4M
GLBE icon
6
Global E Online
GLBE
$7.11B
– –
-2,047,005
Closed -$54.8M
SRAD icon
7
Sportradar
SRAD
$3.85B
– –
-3,500,000
Closed -$30.8M

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GI
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AGA
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MC
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AF
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ISL
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SAM
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Spruce House Investment Management's Q4 2022 Portfolio in Review

As of Q4 2022, Spruce House Investment Management held 7 positions worth $377M, down 32% from $555M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Spruce House Investment Management withdrew a net $25.4M in Q4 2022, closing 2 positions. Its most notable exit was Global E Online, an estimated $54.8M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 44% of assets, down from 54% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Spruce House Investment Management added an estimated $36.4M to Carvana.

  • Spruce House Investment Management added most to Carvana in Q4 2022, an estimated $36.4M increase.
  • Spruce House Investment Management fully exited Global E Online in Q4 2022, selling an estimated $54.8M.
  • Spruce House Investment Management's ten largest holdings make up 100% of its $377M portfolio in Q4 2022.
  • Spruce House Investment Management opened 0 new positions and closed 2 in Q4 2022.
  • Spruce House Investment Management's portfolio value fell 32% quarter-over-quarter to $377M.

Based on Spruce House Investment Management's 13F filing for Q4 2022, filed 14 Feb 2023.