SPRUCE HOUSE INVESTMENT MANAGEMENT LLC: CORE & MAIN INC (CNM): Quarterly 13F Position History
As of Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC reported 2,150,000 shares of CORE & MAIN INC (CNM), worth $106.2M and representing 3.8% of its 13F equity book. The position first appeared in Q1 2024 and has been disclosed across 9 13F-HR filings in Pactolio's tracked window.
- 2,150,000Shares Held (Latest Filing)
- $106.2MReported Market Value (Latest Filing)
- 3.8%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- -$5.5MQuarter-over-Quarter Value Change
- 2,450,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 9 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,150,000 | 0 | — | $106.2M | 3.8% | $49.4 |
| Q4 2025 | 2,150,000 | 0 | — | $111.7M | 3.2% | $52.0 |
| Q3 2025 | 2,150,000 | 300,000 | -12.2% | $115.7M | 3.0% | $53.8 |
| Q2 2025 | 2,450,000 | 0 | — | $147.9M | 5.5% | $60.4 |
| Q1 2025 | 2,450,000 | +950,000 | +63.3% | $118.4M | 6.1% | $48.3 |
| Q4 2024 | 1,500,000 | 0 | — | $76.4M | 2.8% | $50.9 |
| Q3 2024 | 1,500,000 | +1,200,000 | +400.0% | $66.6M | 3.3% | $44.4 |
| Q2 2024 | 300,000 | 0 | — | $14.7M | 1.0% | $48.9 |
| Q1 2024 | 300,000 | — | — | $17.2M | 1.2% | $57.3 |
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 CNM position in 13F-HR filings?
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC first reported CORE & MAIN INC (CNM) on its 13F-HR filing for the period ending 2024-03-31 (Q1 2024). The position has appeared on 9 reported quarters within Pactolio's tracked window.
What was SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's most recent quarter-over-quarter share-count change in CNM?
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC held the same 2,150,000 shares of CNM between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's cost basis in CNM?
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.