SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 13F Holdings Analysis

Portfolio concentrationTop 5 holdings74.1%Top 10 holdings99.59%

APP 27.13%CVNA 22.61%CPAY 8.63%W 7.91%GXO 7.83%CIGI 7.57%DKNG 7.17%SRAD 4.03%CMPR 3.66%CNM 3.05%Others 1 stocks 0.41%

Holdings Value Trend

Holdings by Sector

"Other / not classified" = holdings with no GICS sector, mainly ETFs/funds (index funds themselves hold ETFs), options, bonds and foreign listings. Shares are of total holdings value.

Stock	Portfolio %	Prev Q %	Q2 2026 Value	Q2 2026 Shares	Prev Q Value	Prev Q Shares	Shares Change	Action
AAPPLOVIN CORPAPP	27.13%	25.44%	$922.3M	1.8M	$712.4M	1.8M	00.00%	Unchanged
CCARVANA CO CL ACVNA	22.61%	26.21%	$768.4M	11.7M	$734.1M	2.3M	+9.3M+400.00%	Add
CORPAY INCCPAY	8.63%	9.14%	$293.3M	880,000	$256.1M	880,000	00.00%	Unchanged
WAYFAIR INCW	7.91%	6.98%	$268.9M	2.9M	$195.5M	2.6M	+309,700+11.91%	Add
GXO LOGISTICS INCORPORATEDGXO	7.83%	6.02%	$266.2M	5.3M	$168.5M	3.3M	+2.0M+61.54%	Add
COLLIERS INTL GROUP INCCIGI	7.57%	9.58%	$257.4M	2.7M	$268.4M	2.5M	+234,325+9.33%	Add
DRAFTKINGS INC NEWDKNG	7.17%	7.45%	$243.8M	9.7M	$208.6M	9.7M	00.00%	Unchanged
SSPORTRADAR GROUP AG CLASS A ORDSRAD	4.03%	1.64%	$137.1M	9.2M	$46.0M	2.8M	+6.4M+232.91%	Add
CIMPRESS PLCCMPR	3.66%	3.19%	$124.3M	1.2M	$89.3M	1.2M	00.00%	Unchanged
CORE & MAIN INCCNM	3.05%	3.79%	$103.7M	2.2M	$106.2M	2.2M	00.00%	Unchanged
QQXO INCQXO	0.41%	0.56%	$14.0M	813,009	$15.8M	813,009	00.00%	Unchanged

SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

🧭 Institutional Sector Flow Heatmap