Spruce House Investment Management LLC
Spruce House Investment Management LLC, managed by James Lindstrom, reported 11 positions worth $3.40B in its 2026 Q2 13F filing: 0 new and 0 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +65.3% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +40.4% | +11.4% |
| 2025 Q3 | +39.6% | +7.6% |
| 2025 Q4 | +2.4% | +3.1% |
| 2026 Q1 | -26.9% | -5.8% |
| 2026 Q2 | +12.5% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| APP | APPLOVIN CORP | $922.26M | 27.10% | NO CHANGE |
| CVNA | CARVANA CO | $768.45M | 22.60% | NO CHANGE |
| CPAY | CORPAY INC | $293.28M | 8.60% | NO CHANGE |
| W | WAYFAIR INC | $268.91M | 7.90% | +11.9% |
| GXO | GXO LOGISTICS INCORPORATED | $266.18M | 7.80% | +61.5% |
| CIGI | COLLIERS INTL GROUP INC | $257.35M | 7.60% | +9.3% |
| DKNG | DRAFTKINGS INC NEW | $243.76M | 7.20% | NO CHANGE |
| SRAD | SPORTRADAR GROUP AG | $137.05M | 4.00% | +232.9% |
| CMPR | CIMPRESS PLC | $124.34M | 3.70% | NO CHANGE |
| CNM | CORE & MAIN INC | $103.74M | 3.10% | NO CHANGE |
| QXO | QXO INC | $14.05M | 0.41% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.