Managers / Q1 2025 · view latest →
Spark Investment Management LLC
CIK 0001554871 · 150 EAST 58TH STREET, 26TH FLOOR, NEW YORK, NY, 10155 · 212-826-3709
Summary
Spark Investment Management LLC reported $29M in U.S.-listed holdings across 18 positions for Q1 2025.
The portfolio is heavily concentrated: AMZN alone accounts for 28.0% of reported value.
Compared with Q4 2024, the fund opened 10 new positions and exited 0.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 100.0% · $29M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AGIALAMOS GOLD INC NEW | NEW | +92.0K | 92.0K | +$2M | $2M |
| ORLAORLA MNG LTD NEW | NEW | +233.0K | 233.0K | +$2M | $2M |
| EFXTENERFLEX LTD | NEW | +280.0K | 280.0K | +$2M | $2M |
| CLSCELESTICA INC | NEW | +20.0K | 20.0K | +$2M | $2M |
| GILGILDAN ACTIVEWEAR INC | NEW | +22.0K | 22.0K | +$972,750 | $972,750 |
| KGCKINROSS GOLD CORP | NEW | +67.0K | 67.0K | +$843,289 | $843,289 |
| CNLCOLLECTIVE MINING LTD | NEW | +51.0K | 51.0K | +$444,835 | $444,835 |
| BIRDALLBIRDS INC | NEW | +57.6K | 57.6K | +$371,163 | $371,163 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AMZNAMAZON COM INChistory → | COM | 27.98% | $8M | 43.2K |
| 2 | SPOTSPOTIFY TECHNOLOGY S Ahistory → | SHS | 13.11% | $4M | 7.0K |
| 3 | AGIALAMOS GOLD INC NEWhistory → | COM CL A | 8.37% | $2M | 92.0K |
| 4 | ORLAORLA MNG LTD NEWhistory → | COM | 7.41% | $2M | 233.0K |
| 5 | EFXTENERFLEX LTDhistory → | COM | 7.37% | $2M | 280.0K |
| 6 | NVDANVIDIA CORPORATIONhistory → | COM | 5.76% | $2M | 15.6K |
| 7 | CLSCELESTICA INChistory → | COM | 5.37% | $2M | 20.0K |
| 8 | TSLATESLA INChistory → | COM | 5.30% | $2M | 6.0K |
| 9 | MNDYMONDAY COM LTDhistory → | SHS | 4.89% | $1M | 5.9K |
| 10 | GILGILDAN ACTIVEWEAR INChistory → | COM | 3.31% | $972,750 | 22.0K |
| 11 | KGCKINROSS GOLD CORPhistory → | COM | 2.87% | $843,289 | 67.0K |
| 12 | TWLOTWILIO INChistory → | CL A | 1.73% | $509,132 | 5.2K |
| 13 | XYZBLOCK INChistory → | CL A | 1.61% | $472,671 | 8.7K |
| 14 | CNLCOLLECTIVE MINING LTDhistory → | COM | 1.52% | $444,835 | 51.0K |
| 15 | BIRDALLBIRDS INChistory → | CL A NEW | 1.26% | $371,163 | 57.6K |
| 16 | GOOSCANADA GOOSE HLDGS INChistory → | SHS SUB VTG | 1.11% | $325,128 | 41.0K |
| 17 | BTEBAYTEX ENERGY CORP | COM | 0.79% | $232,790 | 105.0K |
| 18 | FOSLFOSSIL GROUP INC | COM | 0.22% | $64,285 | 55.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $42M | 28 | May 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $40M | 27 | Feb 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $40M | 20 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $36M | 23 | Aug 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $29M | 18 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $21M | 8 | Feb 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $17M | 9 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $17M | 11 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $18M | 13 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $17M | 11 | Feb 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $17M | 13 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $29M | 14 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $39M | 13 | May 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $46M | 14 | Feb 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $52M | 25 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $69M | 28 | Aug 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $104M | 27 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $139M | 29 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $173M | 34 | Nov 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $182M | 43 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $149M | 43 | May 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $121M | 54 | Feb 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $72M | 52 | Nov 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $27M | 87 | Aug 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $188M | 369 | May 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $853M | 542 | Feb 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $782M | 393 | Nov 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $1.4B | 549 | Aug 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $2.2B | 635 | May 7, 2019 | 13F-HR | changes · 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 ↗.