Spruce House Partnership 13F annual report
Spruce House Partnership is an investment fund managing more than $3.49 billion ran by Thomas Walker. There are currently 8 companies in Mr. Walker’s portfolio. The largest investments include Wayfair Inc and Carvana Co, together worth $2.55 billion.
$3.49 billion Assets Under Management (AUM)
As of 10th May 2021, Spruce House Partnership’s top holding is 4,800,000 shares of Wayfair Inc currently worth over $1.51 billion and making up 43.3% of the portfolio value.
Relative to the number of outstanding shares of Wayfair Inc, Spruce House Partnership owns less than approximately 0.1% of the company.
In addition, the fund holds 3,963,463 shares of Carvana Co worth $1.04 billion, whose value grew 7.2% in the past six months.
The third-largest holding is Colliers Intl Group Inc worth $563 million and the next is Cimpress plc worth $236 million, with 2,358,904 shares owned.
Currently, Spruce House Partnership's portfolio is worth at least $3.49 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Spruce House Partnership
The Spruce House Partnership office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Thomas Walker serves as the Chief Compliance Officer at Spruce House Partnership.
Recent trades
In the most recent 13F filing, Spruce House Partnership revealed that it had opened a new position in Wayfair Inc and bought 4,800,000 shares worth $1.51 billion.
One of the largest hedge funds
The two most similar investment funds to Spruce House Partnership are Snyder Capital Management L P and Meitav Dash Investments Ltd. They manage $3.48 billion and $3.49 billion respectively.
Thomas Walker investment strategy
Spruce House Partnership’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 73.2% of
the total portfolio value.
The fund focuses on investments in the United States as
62.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
63% of the total holdings value.
On the other hand, small-cap stocks make up 12.5% of the portfolio.
The average market cap of the portfolio companies is close to $22.7 billion.
The complete list of Spruce House Partnership trades based on 13F SEC filings
These positions were updated on May 17th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Wayfair Inc |
Opened
4,800,000
|
$1,510,800,000 | 43.33% |
| Carvana Co. |
Opened
3,963,463
|
$1,040,013,000 | 29.83% |
| Colliers Intl Group Inc |
Opened
5,725,143
|
$562,761,000 | 16.14% |
| Cimpress plc |
Opened
2,358,904
|
$236,197,000 | 6.77% |
| XPO Logistics Inc |
Opened
500,000
|
$61,650,000 | 1.77% |
| GTT Communications Inc |
Opened
15,875,000
|
$29,051,000 | 0.83% |
| Spotify Technology S.A. |
Opened
100,000
|
$26,795,000 | 0.77% |
| Zillow Group Inc |
Opened
150,000
|
$19,446,000 | 0.56% |
| No transactions found | |||
| Showing first 500 out of 8 holdings | |||
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