SEC 13F Intelligence

Managers / Q1 2026

Spark Investment Management LLC

CIK 0001554871 · 150 EAST 58TH STREET, 26TH FLOOR, NEW YORK, NY, 10155 · 212-826-3709

Reported Value
$42M
Q1 2026
Positions
28
Filings on Record
29
2019–present window
Filed
May 11, 2026
original filing

Summary

Spark Investment Management LLC reported $42M in U.S.-listed holdings across 28 positions for Q1 2026.

The portfolio is heavily concentrated: AMZN alone accounts for 21.6% of reported value.

Compared with Q4 2025, the fund opened 7 new positions and exited 6.

Portfolio Metrics

Turnover
+27.8%
vs prior filed quarter
Top-10 Concentration
+74.8%
share of reported value
Largest Position
+21.6%
Amazon Com
New / Exited
7 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $2.2BQ1 ’19Q2 ’19: $1.4BQ3 ’19: $782MQ4 ’19: $853MQ1 ’20: $188MQ1 ’20Q2 ’20: $27MQ3 ’20: $72MQ4 ’20: $121MQ1 ’21: $149MQ1 ’21Q2 ’21: $182MQ3 ’21: $173MQ4 ’21: $139MQ1 ’22: $104MQ1 ’22Q2 ’22: $69MQ3 ’22: $52MQ4 ’22: $46MQ1 ’23: $39MQ1 ’23Q2 ’23: $29MQ3 ’23: $17MQ4 ’23: $17MQ1 ’24: $18MQ1 ’24Q2 ’24: $17MQ3 ’24: $17MQ4 ’24: $21MQ1 ’25: $29MQ1 ’25Q2 ’25: $36MQ3 ’25: $40MQ4 ’25: $40MQ1 ’26: $42MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%Other: 0.0%
  • Common Stock · 100.0% · $42M
  • Other · 0.0% · $0

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BBARRICK MNG CORPNEW+38.0K38.0K+$2M$2M
AEMAGNICO EAGLE MINES LTDNEW+3.0K3.0K+$608,733$608,733
DCBODOCEBO INCNEW+27.0K27.0K+$473,026$473,026
MGAMAGNA INTL INCNEW+8.0K8.0K+$446,624$446,624
RCIROGERS COMMUNICATIONS INCNEW+9.0K9.0K+$346,006$346,006
MAKOMAKO MNG CORPNEW+44.0K44.0K+$283,301$283,301
EGOELDORADO GOLD CORP NEWNEW+6.0K6.0K+$205,965$205,965
PDSPRECISION DRILLING CORPADDED+20.0K24.0K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM21.62%$9M43.2K
2VETVERMILION ENERGY INChistory →COM9.44%$4M285.0K
3SPOTSPOTIFY TECHNOLOGY S Ahistory →SHS8.16%$3M7.0K
4CGAUCENTERRA GOLD INChistory →COM6.26%$3M147.0K
5PDSPRECISION DRILLING CORPhistory →COM NEW5.68%$2M24.0K
6TSLATESLA INChistory →COM5.36%$2M6.0K
7LSPDLIGHTSPEED COMMERCE INChistory →SUB VTG SHS5.29%$2M246.0K
8KGCKINROSS GOLD CORPhistory →COM4.63%$2M63.0K
9DOOBRP INChistory →COM SUN VTG4.49%$2M26.0K
10EFXTENERFLEX LTDhistory →COM3.92%$2M78.0K
11BBARRICK MNG CORPhistory →COM SHS3.73%$2M38.0K
12OTEXOPEN TEXT CORPhistory →COM3.27%$1M61.0K
13OBEOBSIDIAN ENERGY LTDhistory →COM2.47%$1M108.0K
14SIISPROTT INChistory →COM NEW2.40%$998,5927.0K
15NVDANVIDIA CORPORATIONhistory →COM1.80%$749,9204.3K
16TWLOTWILIO INChistory →CL A1.57%$654,2645.2K
17AEMAGNICO EAGLE MINES LTDhistory →COM1.46%$608,7333.0K
18XYZBLOCK INChistory →CL A1.26%$523,5668.7K
19DCBODOCEBO INChistory →COM1.14%$473,02627.0K
20MGAMAGNA INTL INChistory →COM1.07%$446,6248.0K
21GOOSCANADA GOOSE HLDGS INChistory →SHS SUB VTG1.00%$417,24838.0K
22MNDYMONDAY COM LTDSHS0.98%$407,7495.9K
23RCIROGERS COMMUNICATIONS INCCL B0.83%$346,0069.0K
24MAKOMAKO MNG CORPCOM NEW0.68%$283,30144.0K
25FOSLFOSSIL GROUP INCCOM0.58%$240,92955.9K
26EGOELDORADO GOLD CORP NEWCOM0.50%$205,9656.0K
27BIRDALLBIRDS INCCL A NEW0.42%$173,47857.6K
28SINOVAC BIOTECH LTDSHS0.00%$029.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$42M28May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$40M27Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$40M20Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$36M23Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$29M18May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$21M8Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$17M9Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$17M11Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$18M13May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$17M11Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$17M13Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$29M14Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$39M13May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$46M14Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$52M25Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$69M28Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$104M27May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$139M29Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$173M34Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$182M43Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$149M43May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$121M54Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$72M52Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$27M87Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$188M369May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$853M542Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$782M393Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.4B549Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.2B635May 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.