SPRUCE HOUSE INVESTMENT MANAGEMENT LLC: CORPAY INC (CPAY): Quarterly 13F Position History
As of Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC reported 880,000 shares of CORPAY INC (CPAY), worth $256.1M and representing 9.1% of its 13F equity book. Quarter-over-quarter share count change: + 50,000 (+6.0%) . The position first appeared in Q3 2025 and has been disclosed across 3 13F-HR filings in Pactolio's tracked window.
- 880,000Shares Held (Latest Filing)
- $256.1MReported Market Value (Latest Filing)
- 9.1%Portfolio Weight (% of 13F Equity Book)
- +50,000Quarter-over-Quarter Share Change
- +$6.3MQuarter-over-Quarter Value Change
- 880,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 3 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 880,000 | +50,000 | +6.0% | $256.1M | 9.1% | $291.0 |
| Q4 2025 | 830,000 | +405,000 | +95.3% | $249.8M | 7.2% | $300.9 |
| Q3 2025 | 425,000 | — | — | $122.4M | 3.2% | $288.1 |
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 CPAY position in 13F-HR filings?
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC first reported CORPAY INC (CPAY) on its 13F-HR filing for the period ending 2025-09-30 (Q3 2025). The position has appeared on 3 reported quarters within Pactolio's tracked window.
What was SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's most recent quarter-over-quarter share-count change in CPAY?
Between Q4 2025 and Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC added 50,000 shares of CPAY (+6.0%), bringing the total reported position to 880,000 shares at a market value of $256.1M.
Does the implied price-per-share represent SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's cost basis in CPAY?
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.