1y return+10.9%S&P 500 +20.9%
3y return+123.9%S&P 500 +68.5%
5y return+36.4%S&P 500 +74.5%
10y return+246.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $347 against $357 in the S&P 500.2
Spark Investment Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AMZNAmazon Com Inc | $10.3M | 20.1% | |
| BBBlackberry Ltd | $4.2M | 8.2% | New |
| Spotify Technology S ACUSIP L8681T102 | $3.2M | 6.3% | |
| TSLATesla Inc | $2.5M | 4.9% | |
| CGAUCenterra Gold Inc | $2.3M | 4.5% | |
| LSPDLightspeed Commerce Inc | $1.9M | 3.8% | −24.4% |
| BBarrick Mng Corp | $1.8M | 3.6% | +31.6% |
| EFXTEnerflex Ltd | $1.7M | 3.4% | −10.3% |
| VETVermilion Energy Inc | $1.7M | 3.3% | −36.5% |
| KGCKinross Gold Corp | $1.4M | 2.8% | −3.6% |
| CLSCelestica Inc | $1.1M | 2.1% | New |
| OBEObsidian Energy Ltd | $1.1M | 2.1% | +23.1% |
| PDSPrecision Drilling Corp | $1.1M | 2.1% | −41.7% |
| AIPArteris Inc | $1.1M | 2.1% | New |
| TWLOTwilio Inc | $1.1M | 2.1% | |
| BTEBaytex Energy Corp | $1.0M | 2.0% | New |
| SVMSilvercorp Metals Inc | $829K | 1.6% | New |
| AMBQAmbiq Micro Inc | $777K | 1.5% | New |
| OTEXOpen Text Corp | $774K | 1.5% | −42.6% |
| NVDANvidia Corporation | $700K | 1.4% | −18.6% |
| CVECenovus Energy Inc | $694K | 1.4% | New |
| XYZBlock Inc | $661K | 1.3% | |
| SOBOSouth Bow Corp | $598K | 1.2% | New |
| PAASPan Amern Silver Corp | $582K | 1.1% | New |
| DBXDropbox Inc | $577K | 1.1% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| Spotify Technology S ACUSIP L8681T102 | September 30, 2020 | +89.3% | $3.2M |
| KGCKinross Gold Corp | March 31, 2025 | +87.3% | $1.4M |
| TSLATesla Inc | December 31, 2020 | +78.8% | $2.5M |
| EFXTEnerflex Ltd | December 31, 2025 | +58.8% | $1.7M |
| AMZNAmazon Com Inc | September 30, 2020 | +51.4% | $10.3M |
| NVDANvidia Corporation | December 31, 2024 | +49.0% | $700K |
| SIISprott Inc | September 30, 2025 | +35.1% | $565K |
| OBEObsidian Energy Ltd | December 31, 2025 | +32.6% | $1.1M |
| VETVermilion Energy Inc | December 31, 2025 | +12.4% | $1.7M |
| CGAUCenterra Gold Inc | December 31, 2025 | +10.4% | $2.3M |
Sold off last quarter
- DOOBrp Inc was $1.9M
- DCBODocebo Inc was $473K
- MGAMagna Intl Inc was $447K
- RCIRogers Communications Inc was $346K
- EGOEldorado Gold Corp New was $206K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −1.5% | +14.8% |
| March 31, 2026 | −4.8% | −4.6% |
| December 31, 2025 | +4.4% | +2.4% |
| September 30, 2025 | +13.3% | +7.8% |
| June 30, 2025 | +24.1% | +10.5% |
| March 31, 2025 | −10.9% | −4.6% |
| December 31, 2024 | +19.4% | +2.1% |
| September 30, 2024 | +6.6% | +5.4% |
| June 30, 2024 | +5.4% | +4.0% |
| March 31, 2024 | +11.8% | +10.0% |
| December 31, 2023 | +21.3% | +11.2% |
| September 30, 2023 | +0.3% | −3.6% |
| June 30, 2023 | +3.9% | +8.3% |
| March 31, 2023 | +7.0% | +7.0% |
| December 31, 2022 | +0.5% | +7.1% |
| September 30, 2022 | −0.2% | −5.3% |
| June 30, 2022 | −26.5% | −16.5% |
| March 31, 2022 | −22.2% | −4.9% |
| December 31, 2021 | −5.7% | +10.7% |
| September 30, 2021 | +1.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Spark Investment Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1554871&type=13F-HR&dateb=&owner=include&count=40CIK 1554871
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1554871/000089914026000792/Filed August 10, 2026 · accession 0000899140-26-000792