SPRUCE HOUSE INVESTMENT MANAGEMENT LLC is an institutional investment manager that files quarterly 13F reports with the SEC. As of Q1 2026, the fund manages $2.8B in reported equity holdings across 11 positions. The largest holdings are CVNA (26.2%), APP (25.4%), CIGI (9.6%), CPAY (9.1%), DKNG (7.4%). The portfolio is concentrated in Other (70.8%), Communication Services (25.4%), Industrials (3.8%). Data sourced from SEC EDGAR 13F filings (CIK 1543170).