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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
+51.17%
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
$3.87B
AUM Growth
+$1.16B
Cap. Flow
+$93.7M
Cap. Flow %
2.42%
Top 10 Hldgs %
100%
Holding
10
New
1
Increased
–
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
CPAY icon
Corpay
CPAY
+$135M

Top Sells

Rank Stock Value
1
CNM icon
Core & Main
CNM
+$18.2M
2
GXO icon
GXO Logistics
GXO
+$18M
3
W icon
Wayfair
W
+$5.58M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 42.21%
2 Communication Services 38.18%
3 Industrials 11.18%
4 Real Estate 5.26%
5 Technology 3.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APP icon
1
Applovin
APP
$116B
$1.48B 38.18%
2,057,024
– –
CVNA icon
2
Carvana
CVNA
$77.9B
$1.36B 35.18%
18,046,440
– –
W icon
3
Wayfair
W
$14.6B
$261M 6.75%
2,923,845
-76,155
-3% -$5.58M
CIGI icon
4
Colliers International
CIGI
$5.19B
$203M 5.26%
1,301,133
– –
GXO icon
5
GXO Logistics
GXO
$5.55B
$172M 4.44%
3,250,000
-350,000
-10% -$18M
CMPR icon
6
Cimpress
CMPR
$2.31B
$130M 3.35%
2,058,904
– –
CPAY icon
7
Corpay
CPAY
$25.7B
$122M 3.16%
+425,000
New +$135M
CNM icon
8
Core & Main
CNM
$8.71B
$116M 2.99%
2,150,000
-300,000
-12% -$18.2M
QXO
9
QXO Inc
QXO
$17.4B
$15.5M 0.4%
813,009
– –
DKNG icon
10
DraftKings
DKNG
$11.9B
$11.2M 0.29%
300,000
– –

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Spruce House Investment Management's Q3 2025 Portfolio in Review

As of Q3 2025, Spruce House Investment Management held 10 positions worth $3.87B, up 43% from $2.71B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Spruce House Investment Management's Q3 2025 filing shows 1 new and 3 reduced positions. Its largest new stake was Corpay: 425,000 shares worth $122M. The largest sale was Core & Main, an estimated $18.2M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, down from 51% a quarter earlier, followed by Communication Services and Industrials.

  • Spruce House Investment Management's largest Q3 2025 buy was Corpay: 425,000 shares worth $122M.
  • Spruce House Investment Management's biggest Q3 2025 reduction was Core & Main, cutting an estimated $18.2M.
  • Spruce House Investment Management's ten largest holdings make up 100% of its $3.87B portfolio in Q3 2025.
  • Spruce House Investment Management opened 1 new position and closed 0 in Q3 2025.
  • Spruce House Investment Management's portfolio value rose 43% quarter-over-quarter to $3.87B.

Based on Spruce House Investment Management's 13F filing for Q3 2025, filed 14 Nov 2025.