SPRUCE HOUSE INVESTMENT MANAGEMENT LLC: WAYFAIR INC (W): Quarterly 13F Position History
As of Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC reported 2,600,000 shares of WAYFAIR INC (W), worth $195.5M and representing 7.0% of its 13F equity book. Quarter-over-quarter share count change: 323,845 (-11.1%) . The position first appeared in Q1 2017 and has been disclosed across 37 13F-HR filings in Pactolio's tracked window.
- 2,600,000Shares Held (Latest Filing)
- $195.5MReported Market Value (Latest Filing)
- 7.0%Portfolio Weight (% of 13F Equity Book)
- 323,845Quarter-over-Quarter Share Change
- -$98.0MQuarter-over-Quarter Value Change
- 7,250,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 37 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,600,000 | 323,845 | -11.1% | $195.5M | 7.0% | $75.2 |
| Q4 2025 | 2,923,845 | 0 | — | $293.6M | 8.5% | $100.4 |
| Q3 2025 | 2,923,845 | 76,155 | -2.5% | $261.2M | 6.7% | $89.3 |
| Q2 2025 | 3,000,000 | +819,615 | +37.6% | $153.4M | 5.7% | $51.1 |
| Q1 2025 | 2,180,385 | 0 | — | $69.8M | 3.6% | $32.0 |
| Q4 2024 | 2,180,385 | 456,615 | -17.3% | $96.6M | 3.6% | $44.3 |
| Q3 2024 | 2,637,000 | 0 | — | $148.1M | 7.3% | $56.2 |
| Q2 2024 | 2,637,000 | 0 | — | $139.0M | 9.2% | $52.7 |
| Q1 2024 | 2,637,000 | 1,013,000 | -27.8% | $179.0M | 12.9% | $67.9 |
| Q4 2023 | 3,650,000 | 0 | — | $225.2M | 17.7% | $61.7 |
| Q3 2023 | 3,650,000 | 0 | — | $221.1M | 19.7% | $60.6 |
| Q2 2023 | 3,650,000 | 0 | — | $237.3M | 27.1% | $65.0 |
| Q1 2023 | 3,650,000 | 0 | — | $125.3M | 24.5% | $34.3 |
| Q4 2022 | 3,650,000 | +150,000 | +4.3% | $120.0M | 31.8% | $32.9 |
| Q3 2022 | 3,500,000 | 0 | — | $113.9M | 20.5% | $32.5 |
| Q2 2022 | 3,500,000 | 0 | — | $152.5M | 22.0% | $43.6 |
| Q1 2022 | 3,500,000 | 1,300,000 | -27.1% | $387.7M | 22.4% | $110.8 |
| Q4 2021 | 4,800,000 | 0 | — | $911.9M | 28.6% | $190.0 |
| Q3 2021 | 4,800,000 | 0 | — | $1.2B | 31.8% | $255.5 |
| Q2 2021 | 4,800,000 | 0 | — | $1.5B | 36.2% | $315.7 |
| Q1 2021 | 4,800,000 | 0 | — | $1.5B | 43.3% | $314.8 |
| Q4 2020 | 4,800,000 | 2,450,000 | -33.8% | $1.1B | 33.2% | $225.8 |
| Q3 2020 | 7,250,000 | 0 | — | $2.1B | 51.8% | $291.0 |
| Q2 2020 | 7,250,000 | 0 | — | $1.4B | 48.8% | $197.6 |
| Q1 2020 | 7,250,000 | +250,000 | +3.6% | $387.4M | 24.5% | $53.4 |
| Q4 2019 | 7,000,000 | +2,750,000 | +64.7% | $632.6M | 20.7% | $90.4 |
| Q3 2019 | 4,250,000 | +500,000 | +13.3% | $476.5M | 17.2% | $112.1 |
| Q2 2019 | 3,750,000 | 0 | — | $547.5M | 20.6% | $146.0 |
| Q1 2019 | 3,750,000 | 0 | — | $556.7M | 20.5% | $148.5 |
| Q4 2018 | 3,750,000 | 0 | — | $337.8M | 15.6% | $90.1 |
| Q3 2018 | 3,750,000 | 0 | — | $553.8M | 18.2% | $147.7 |
| Q2 2018 | 3,750,000 | +250,000 | +7.1% | $445.4M | 16.3% | $118.8 |
| Q1 2018 | 3,500,000 | +1,000,000 | +40.0% | $236.4M | 10.4% | $67.5 |
| Q4 2017 | 2,500,000 | 0 | — | $200.7M | 9.8% | $80.3 |
| Q3 2017 | 2,500,000 | 0 | — | $168.5M | 10.9% | $67.4 |
| Q2 2017 | 2,500,000 | 0 | — | $192.2M | 13.0% | $76.9 |
| Q1 2017 | 2,500,000 | — | — | $101.2M | 8.7% | $40.5 |
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 W position in 13F-HR filings?
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC first reported WAYFAIR INC (W) on its 13F-HR filing for the period ending 2017-03-31 (Q1 2017). The position has appeared on 37 reported quarters within Pactolio's tracked window.
What was SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's most recent quarter-over-quarter share-count change in W?
Between Q4 2025 and Q1 2026, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC reduced its W position by 323,845 shares (-11.1%), leaving 2,600,000 shares at a market value of $195.5M.
Does the implied price-per-share represent SPRUCE HOUSE INVESTMENT MANAGEMENT LLC's cost basis in W?
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.