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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
+43.44%
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
$2.71B
AUM Growth
+$785M
Cap. Flow
+$4.53M
Cap. Flow %
0.17%
Top 10 Hldgs %
100%
Holding
9
New
–
Increased
1
Reduced
1
Closed
–

Top Buys

Rank Stock Value
1
W icon
Wayfair
W
+$30.6M

Top Sells

Rank Stock Value
1
GXO icon
GXO Logistics
GXO
+$26.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 51.01%
2 Communication Services 26.57%
3 Industrials 16.14%
4 Real Estate 6.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVNA icon
1
Carvana
CVNA
$77.9B
$1.22B 44.87%
18,046,440
– –
APP icon
2
Applovin
APP
$116B
$720M 26.57%
2,057,024
– –
GXO icon
3
GXO Logistics
GXO
$5.55B
$175M 6.47%
3,600,000
-653,997
-15% -$26.1M
CIGI icon
4
Colliers International
CIGI
$5.19B
$170M 6.29%
1,301,133
– –
W icon
5
Wayfair
W
$14.6B
$153M 5.66%
3,000,000
+819,615
+38% +$30.6M
CNM icon
6
Core & Main
CNM
$8.71B
$148M 5.46%
2,450,000
– –
CMPR icon
7
Cimpress
CMPR
$2.31B
$96.8M 3.57%
2,058,904
– –
QXO
8
QXO Inc
QXO
$17.4B
$17.5M 0.65%
813,009
– –
DKNG icon
9
DraftKings
DKNG
$11.9B
$12.9M 0.47%
300,000
– –

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HCC
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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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GS
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SAM
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Spruce House Investment Management's Q2 2025 Portfolio in Review

As of Q2 2025, Spruce House Investment Management held 9 positions worth $2.71B, up 41% from $1.93B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Trading was light in Q2 2025: portfolio turnover was 0%. Spruce House Investment Management opened no new positions and made no exits, leaving the 9-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Discretionary at 51% of assets, up from 43% a quarter earlier, followed by Communication Services and Industrials.

  • Spruce House Investment Management added most to Wayfair in Q2 2025, an estimated $30.6M increase.
  • Spruce House Investment Management's biggest Q2 2025 reduction was GXO Logistics, cutting an estimated $26.1M.
  • Spruce House Investment Management's ten largest holdings make up 100% of its $2.71B portfolio in Q2 2025.
  • Spruce House Investment Management opened 0 new positions and closed 0 in Q2 2025.
  • Spruce House Investment Management's portfolio value rose 41% quarter-over-quarter to $2.71B.

Based on Spruce House Investment Management's 13F filing for Q2 2025, filed 14 Aug 2025.