SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

NEW YORK, NY · CIK 1543170 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2014 · limited liability company

Assets managed$5.2bn
Staff9 · 4 in investment roles
Main clients (by assets)Private funds 100%
Private funds2 (2 hedge) · $4.1bn gross assets
Websitesprucehousecapital.com
Form ADV · 2026-03-31SEC adviser record

Legal entitySPRUCE HOUSE INVESTMENT MANAGEMENT LLC (US)

$3.4bn reported value +21.4% vs Q1 2026

11positions

99.6%in top 10

0 new 4 added 0 reduced 0 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Spruce House Partnership LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLOVIN CORP COM CL A APP	APP	1,790,000	$922.3m27.13%	27.13%	Unchanged
2	CARVANA CO CL A CVNA	CVNA	11,675,000	$768.4m22.61%	22.61%	Unchanged
3	CORPAY INC COM SHS CPAY	CPAY	880,000	$293.3m8.63%	8.63%	Unchanged
4	WAYFAIR INC CL A W	W	2,909,700	$268.9m7.91%	7.91%	Added +309.7k	+309,700 11.9%
5	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	5,250,000	$266.2m7.83%	7.83%	Added +2.0m	+2,000,000 61.5%
6	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	2,745,325	$257.4m7.57%	7.57%	Added +234.3k	+234,325 9.3%
7	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	9,650,000	$243.8m7.17%	7.17%	Unchanged
8	SPORTRADAR GROUP AG CLASS A ORD SHS SRAD	SRAD	9,155,000	$137.1m4.03%	4.03%	Added +6.4m	+6,405,000 232.9%
9	CIMPRESS PLC SHS EURO CMPR	CMPR	1,222,633	$124.3m3.66%	3.66%	Unchanged
10	CORE & MAIN INC CL A CNM	CNM	2,150,000	$103.7m3.05%	3.05%	Unchanged
11	QXO INC COM NEW QXO	QXO	813,009	$14.0m0.41%	0.41%	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
COLLIERS INTL GROUP INC CIGI · 13D · filed 2026-09-28	CIGI	6.6%≈ $307.8m	+1.5 pts	13D	2026-09-28
SPORTRADAR GROUP AG SRAD · 13G · filed 2026-08-11	SRAD	5.8%≈ $187.4m	new	13G	2026-08-11
GXO LOGISTICS INCORPORATED GXO · 13G · filed 2026-07-21	GXO	5.2%≈ $304.4m	new	13G	2026-07-21