SPRUCE HOUSE INVESTMENT MANAGEMENT LLC: COLLIERS INTL GROUP INC (CIGI): Quarterly 13F Position History
As of Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC reported 2,511,000 shares of COLLIERS INTL GROUP INC (CIGI), worth $268.4M and representing 9.6% of its 13F equity book. Quarter-over-quarter share count change: + 1,209,867 (+93.0%) . The position first appeared in Q2 2016 and has been disclosed across 40 13F-HR filings in Pactolio's tracked window.
- 2,511,000Shares Held (Latest Filing)
- $268.4MReported Market Value (Latest Filing)
- 9.6%Portfolio Weight (% of 13F Equity Book)
- +1,209,867Quarter-over-Quarter Share Change
- +$77.1MQuarter-over-Quarter Value Change
- 5,985,243Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 40 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,511,000 | +1,209,867 | +93.0% | $268.4M | 9.6% | $106.9 |
| Q4 2025 | 1,301,133 | 0 | — | $191.3M | 5.5% | $147.0 |
| Q3 2025 | 1,301,133 | 0 | — | $203.4M | 5.3% | $156.4 |
| Q2 2025 | 1,301,133 | 0 | — | $170.4M | 6.3% | $130.9 |
| Q1 2025 | 1,301,133 | 0 | — | $157.5M | 8.2% | $121.0 |
| Q4 2024 | 1,301,133 | +1 | +0.0% | $176.8M | 6.5% | $135.9 |
| Q3 2024 | 1,301,132 | 0 | — | $197.5M | 9.7% | $151.8 |
| Q2 2024 | 1,301,132 | 0 | — | $145.3M | 9.6% | $111.7 |
| Q1 2024 | 1,301,132 | +301,132 | +30.1% | $159.1M | 11.4% | $122.3 |
| Q4 2023 | 1,000,000 | 0 | — | $126.7M | 10.0% | $126.7 |
| Q3 2023 | 1,000,000 | 0 | — | $95.3M | 8.5% | $95.3 |
| Q2 2023 | 1,000,000 | 0 | — | $98.1M | 11.2% | $98.1 |
| Q1 2023 | 1,000,000 | 0 | — | $105.5M | 20.7% | $105.5 |
| Q4 2022 | 1,000,000 | 0 | — | $91.8M | 24.4% | $91.8 |
| Q3 2022 | 1,000,000 | 0 | — | $91.5M | 16.5% | $91.5 |
| Q2 2022 | 1,000,000 | 0 | — | $109.5M | 15.8% | $109.5 |
| Q1 2022 | 1,000,000 | 1,475,143 | -59.6% | $130.3M | 7.5% | $130.3 |
| Q4 2021 | 2,475,143 | 0 | — | $368.8M | 11.6% | $149.0 |
| Q3 2021 | 2,475,143 | 1,750,000 | -41.4% | $316.4M | 8.2% | $127.8 |
| Q2 2021 | 4,225,143 | 1,500,000 | -26.2% | $473.1M | 11.3% | $112.0 |
| Q1 2021 | 5,725,143 | 0 | — | $562.8M | 16.1% | $98.3 |
| Q4 2020 | 5,725,143 | 0 | — | $509.3M | 15.6% | $89.0 |
| Q3 2020 | 5,725,143 | 0 | — | $381.1M | 9.4% | $66.6 |
| Q2 2020 | 5,725,143 | 0 | — | $328.5M | 11.2% | $57.4 |
| Q1 2020 | 5,725,143 | 260,100 | -4.3% | $274.1M | 17.3% | $47.9 |
| Q4 2019 | 5,985,243 | +1 | +0.0% | $465.8M | 15.2% | $77.8 |
| Q3 2019 | 5,985,242 | 0 | — | $449.8M | 16.3% | $75.1 |
| Q2 2019 | 5,985,242 | 0 | — | $427.9M | 16.1% | $71.5 |
| Q1 2019 | 5,985,242 | 0 | — | $400.3M | 14.7% | $66.9 |
| Q4 2018 | 5,985,242 | 0 | — | $330.4M | 15.2% | $55.2 |
| Q3 2018 | 5,985,242 | 0 | — | $463.9M | 15.3% | $77.5 |
| Q2 2018 | 5,985,242 | 0 | — | $455.8M | 16.7% | $76.2 |
| Q1 2018 | 5,985,242 | 0 | — | $415.0M | 18.2% | $69.3 |
| Q4 2017 | 5,985,242 | 0 | — | $361.2M | 17.6% | $60.4 |
| Q3 2017 | 5,985,242 | 0 | — | $297.1M | 19.2% | $49.6 |
| Q2 2017 | 5,985,242 | 0 | — | $338.4M | 22.9% | $56.5 |
| Q1 2017 | 5,985,242 | +117,823 | +2.0% | $282.7M | 24.3% | $47.2 |
| Q4 2016 | 5,867,419 | +1,615,068 | +38.0% | $216.0M | 21.7% | $36.8 |
| Q3 2016 | 4,252,351 | +786,011 | +22.7% | $178.4M | 20.3% | $41.9 |
| Q2 2016 | 3,466,340 | — | — | $118.3M | 16.5% | $34.1 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did SPRUCE HOUSE INVESTMENT MANAGEMENT LLC first disclose a CIGI position in 13F-HR filings?
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC first reported COLLIERS INTL GROUP INC (CIGI) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 40 reported quarters within Pactolio's tracked window.
What was SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's most recent quarter-over-quarter share-count change in CIGI?
Between Q4 2025 and Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC added 1,209,867 shares of CIGI (+93.0%), bringing the total reported position to 2,511,000 shares at a market value of $268.4M.
Does the implied price-per-share represent SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's cost basis in CIGI?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.