Featured 13F manager
Spruce House Investment Management LLC Ben Tsai
New York, NY 20 processed 13Fs on this site · 2021 Q3–2026 Q2
- $3.4B
- 11 Positions
- 2026 Q2
- +21.3% QoQ
- Top 5 74.0%
Portfolio
top 5 74.0% · top 10 99.6%
- APP - Applovin · CL A 27.1%
- CVNA - Carvana · CL A 22.6%
- CPAY - Corpay 8.6%
- W - Wayfair · CL A 7.9%
- GXO - Gxo Logistics 7.8%
- CIGI - Colliers Intl Group 7.6%
- DKNG - Draftkings · CL A 7.2%
- SRAD - Sportradar Group AG · CLASS A 4.0%
- CMPR - Cimpress 3.7%
- CNM - Core & Main · CL A 3.1%
- QXO - QXO Inc 0.4%
AUM over time
Book
| CVNA - Carvana · CL A | 34.49% | Add +33.3% | 5,000,000 | $119.29 | $596M | +1,250,000 | −$273M |
| W - Wayfair · CL A | 22.42% | Reduce −27.1% | 3,500,000 | $110.78 | $388M | −1,300,000 | −$524M |
| APP - Applovin · CL A | 17.97% | Add +12.8% | 5,641,647 | $55.07 | $311M | +641,647 | −$161M |
| CMPR - Cimpress | 8.67% | Hold | 2,358,904 | $63.59 | $150M | — | — |
| CIGI - Colliers Intl Group | 7.53% | Reduce −59.6% | 1,000,000 | $130.29 | $130M | −1,475,143 | −$239M |
| GLBE - Global E Online | 4.00% | Hold | 2,047,005 | $33.78 | $69M | — | — |
| SRAD - Sportradar Group AG · CLASS A | 2.41% | Reduce −28.6% | 2,500,000 | $16.64 | $42M | −1,000,000 | −$20M |
| Latch | 1.40% | Reduce −59.4% | 5,689,492 | $4.27 | $24M | −8,310,508 | −$82M |
| Cazoo Group | 1.10% | Add +243.9% | 6,877,547 | $2.76 | $19M | +4,877,547 | +$7M |
Exits / last held
not current holdings · last reported size, unchanged · gone vs 2021 Q4
| Stock | % of portfolio | Recent activity | Shares | Reported price* | Value | Share change | $ change |
|---|---|---|---|---|---|---|---|
| DASH - Doordash · CL A | 2.33% | Exit | 0 | $148.90 | $74M | −500,000 | −$74M |
| Ginkgo Bioworks · CL A | 0.39% | Exit | 0 | $8.31 | $12M | −1,500,000 | −$12M |
| The Beachbody · CL A | 0.07% | Exit | 0 | $2.37 | $2M | −1,000,000 | −$2M |
Filings history
20 periods · normalized AUM · open a period for holdings
| Period | Holdings | AUM | QoQ | Form | Filed | Filing ID |
|---|---|---|---|---|---|---|
| 2026 Q2 | 11 | $3.4B | +21.3% | 13F-HR | 8/14/2026 | 000154317026000013 |
| 2026 Q1 | 11 | $2.8B | −18.8% | 13F-HR | 5/15/2026 | 000154317026000006 |
| 2025 Q4 | 10 | $3.4B | −10.9% | 13F-HR | 2/17/2026 | 000154317026000004 |
| 2025 Q3 | 10 | $3.9B | +42.8% | 13F-HR | 11/14/2025 | 000154317025000013 |
| 2025 Q2 | 9 | $2.7B | +40.7% | 13F-HR | 8/14/2025 | 000154317025000008 |
| 2025 Q1 | 9 | $1.9B | −29.2% | 13F-HR | 5/15/2025 | 000154317025000003 |
| 2024 Q4 | 11 | $2.7B | +33.3% | 13F-HR | 2/14/2025 | 000149315225006880 |
| 2024 Q3 | 10 | $2B | +34.3% | 13F-HR | 11/14/2024 | 000149315224045896 |
| 2024 Q2 | 10 | $1.5B | +9.2% | 13F-HR | 8/14/2024 | 000149315224032290 |
| 2024 Q1 | 11 | $1.4B | +9.4% | 13F-HR | 5/15/2024 | 000149315224019891 |
| 2023 Q4 | 6 | $1.3B | +13.1% | 13F-HR | 2/14/2024 | 000149315224006670 |
| 2023 Q3 | 6 | $1.1B | +28.6% | 13F-HR | 11/14/2023 | 000149315223041209 |
| 2023 Q2 | 6 | $875M | +71.2% | 13F-HR | 8/14/2023 | 000149315223028528 |
| 2023 Q1 | 5 | $511M | +35.5% | 13F-HR | 5/15/2023 | 000149315223017384 |
| 2022 Q4 | 5 | $377M | −32.1% | 13F-HR | 2/14/2023 | 000149315223004940 |
| 2022 Q3 | 7 | $555M | −19.9% | 13F-HR | 11/14/2022 | 000149315222032149 |
| 2022 Q2 | 8 | $693M | −59.9% | 13F-HR | 8/12/2022 | 000149315222022382 |
| 2022 Q1 | 9 | $1.7B | −45.8% | 13F-HR | 5/16/2022 | 000149315222013842 |
| 2021 Q4 | 12 | $3.2B | −17.4% | 13F-HR | 2/14/2022 | 000149315222004474 |
| 2021 Q3 | 14 | $3.9B | — | 13F-HR | 11/15/2021 | 000149315221028709 |
About
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC
20 processed 13Fs on this site · 2021 Q3–2026 Q2