1y return+17.9%S&P 500 +20.9%
3y return+544.0%S&P 500 +68.5%
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 December 31, 2022: $1,474 against $195 in the S&P 500.2
Spruce House 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 |
|---|---|---|---|
| APPApplovin Corp | $922.3M | 27.1% | |
| CVNACarvana Co | $768.4M | 22.6% | |
| CPAYCorpay Inc | $293.3M | 8.6% | |
| WWayfair Inc | $268.9M | 7.9% | +11.9% |
| GXOGxo Logistics Incorporated | $266.2M | 7.8% | +61.5% |
| CIGIColliers Intl Group Inc | $257.4M | 7.6% | +9.3% |
| DKNGDraftkings Inc New | $243.8M | 7.2% | |
| Sportradar Group AgCUSIP H8088L103 | $137.1M | 4.0% | +232.9% |
| Cimpress PLCCUSIP G2143T103 | $124.3M | 3.7% | |
| CNMCore & Main Inc | $103.7M | 3.1% | |
| QXOQxo Inc | $14.0M | 0.4% |
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 |
|---|---|---|---|
| APPApplovin Corp | June 30, 2021 | +585.4% | $922.3M |
| CIGIColliers Intl Group Inc | June 30, 2020 | +63.7% | $257.4M |
| Cimpress PLCCUSIP G2143T103 | June 30, 2020 | +33.2% | $124.3M |
| QXOQxo Inc | March 31, 2025 | +27.6% | $14.0M |
| CPAYCorpay Inc | September 30, 2025 | +15.7% | $293.3M |
| GXOGxo Logistics Incorporated | March 31, 2024 | −5.7% | $266.2M |
| Sportradar Group AgCUSIP H8088L103 | March 31, 2026 | −10.6% | $137.1M |
| CNMCore & Main Inc | March 31, 2024 | −15.7% | $103.7M |
| DKNGDraftkings Inc New | December 31, 2024 | −32.1% | $243.8M |
| WWayfair Inc | June 30, 2020 | −53.2% | $268.9M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.5% | +14.8% |
| March 31, 2026 | −26.9% | −4.6% |
| December 31, 2025 | +2.5% | +2.4% |
| September 30, 2025 | +39.8% | +7.8% |
| June 30, 2025 | +40.2% | +10.5% |
| March 31, 2025 | −9.4% | −4.6% |
| December 31, 2024 | +38.4% | +2.1% |
| September 30, 2024 | +30.2% | +5.4% |
| June 30, 2024 | +14.8% | +4.0% |
| March 31, 2024 | +41.6% | +10.0% |
| December 31, 2023 | +15.5% | +11.2% |
| September 30, 2023 | +27.2% | −3.6% |
| June 30, 2023 | +69.0% | +8.3% |
| March 31, 2023 | +35.4% | +7.0% |
| September 30, 2022 | −20.9% | −5.3% |
| March 31, 2022 | −37.7% | −4.9% |
| December 31, 2021 | −15.5% | +10.7% |
| September 30, 2021 | −8.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Spruce House Investment Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1543170&type=13F-HR&dateb=&owner=include&count=40CIK 1543170
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1543170/000154317026000013/Filed August 14, 2026 · accession 0001543170-26-000013