SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

other names
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Adviser Profile
As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 9 -10.00%
of those in investment advisory functions 5 -16.67%
Registration SEC, Approved, 7/10/2014
Other registrations (1)
AUM* 2,277,183,030 72.76%
of that, discretionary 2,277,183,030 72.76%
Private Fund GAV* 1,926,843,963 50.37%
Avg Account Size 569,295,758 72.76%
SMA’s No
Private Funds 2
Contact Info 646 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
5B 4B 3B 3B 2B 1B 670M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$1,926,843,963

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker146869102 Stock NameCARVANA CO $ Position$643,600,000 % Position42.00% $ Change46.00% # Change0.00%
Stck Ticker03831W108 Stock NameAPPLOVIN CORP $ Position$299,592,000 % Position20.00% $ Change-13.00% # Change-28.00%
Stck TickerG2143T103 Stock NameCIMPRESS PLC $ Position$180,380,579 % Position12.00% $ Change-1.00% # Change0.00%
Stck Ticker194693107 Stock NameCOLLIERS INTL GROUP INC $ Position$145,318,519 % Position10.00% $ Change-9.00% # Change0.00%
Stck Ticker94419L101 Stock NameWAYFAIR INC $ Position$139,049,010 % Position9.00% $ Change-22.00% # Change0.00%
Stck Ticker36262G101 Stock NameGXO LOGISTICS INCORPORATED $ Position$45,450,000 % Position3.00% $ Change772.00% # Change828.00%
Stck Ticker25809K105 Stock NameDOORDASH INC $ Position$32,634,000 % Position2.00% $ Change-21.00% # Change0.00%
Stck Ticker398905109 Stock NameGROUP 1 AUTOMOTIVE INC $ Position$8,769,760 % Position1.00% $ Change54.00% # Change51.00%
Stck Ticker073685109 Stock NameBEACON ROOFING SUPPLY INC $ Position$9,321,500 % Position1.00% $ Change-8.00% # Change0.00%
Stck Ticker21874C102 Stock NameCORE & MAIN INC $ Position$14,682,000 % Position1.00% $ Change-15.00% # Change0.00%

Brochure Summary

Overview

The Adviser is an investment advisory firm that commenced operations as an investment adviser in September of 2006. Zachary Sternberg and Benjamin Stein are the managing members (the “Managing Members”) and co-owners of the Adviser. The Adviser provides discretionary investment advisory services to its clients, which are private pooled investment vehicles (each a “Partnership” and collectively, the “Partnerships”). The Adviser generally has broad and flexible investment authority with respect to the Partnership’s investment portfolio. It provides investment advisory services to the Partnership based on the Partnership’s specific investment objective and strategy as specified in its
Governing Documents (as defined in Item 5 below). The Adviser does not tailor its advisory services to the individual needs of investors in the Partnership. The General Partner (as defined in Item 5 below) and/or the Adviser has and may in the future enter into agreements or “side letters,” with certain prospective or existing investors whereby such investors may be subject to terms and conditions that are more advantageous than those set forth in the offering memorandum for the Partnership. As of December 31, 2023, the Adviser had approximately $2,277,183,030 in client regulatory assets under management, all of which were managed on a discretionary basis.