SI
Spark Investment Management LLC Investment Portfolio (Q1 2026) — 13F Data, Charts & API
Spark Investment Management LLCCIK: 0001554871
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$41.6M
Reporting period: 2026-03-31 · Number of holdings: 28
Spark Investment Management LLC disclosed 28 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $41.6M and a quarterly turnover rate of 59.1%.
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Personality snowflake
- Concentration
- 34.41
- Portfolio Stability
- 59.09
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 56
- Sizing Uniformity
- 87.91
Spark Investment Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.086 — mathematically equivalent to about 12 equally-sized positions, well below its 28 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.21), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 52% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Terms of Use for AI
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Recent moves
View source Form 13F filing on SEC.govAdd PDS
+500.0% $2.1M
Add CGAU
+258.5% $2.0M
Add VET
+2.9% $1.6M
Trim AMZN
0.0% -$973.7K
Add LSPD
+158.9% $1.1M
Trim SPOT
0.0% -$670.6K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | Stock-Consumer Disc | 21.62% | -3.19% | — | |
| 2 | VET | Vermilion Energy INC | Stock-Other | 9.44% | +3.70% | +2.89% | |
| 3 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 8.16% | -1.96% | — | |
| 4 | CGAU | Centerra Gold INC | Stock-Other | 6.26% | +4.79% | +258.54% | |
| 5 | PDS | Precision Drilling CORP | Stock-Other | 5.68% | +4.97% | +500.00% | |
| 6 | TSLA | Tesla INC | Stock-Consumer Disc | 5.36% | -1.36% | — | |
| 7 | LSPD | Lightspeed Commerce INC | Stock-Other | 5.29% | +2.44% | +158.95% | |
| 8 | KGC | Kinross Gold CORP | Stock-Materials | 4.63% | -0.98% | -21.25% | |
| 9 | DOO | Brp Inc/ca- Sub Voting | Stock-Other | 4.49% | +1.15% | +36.84% | |
| 10 | EFXT | Enerflex LTD | Stock-Other | 3.92% | +1.62% | +30.00% | |
| 11 | B | Barrick Mining CORP | Stock-Materials | 3.73% | +3.73% | NEW | |
| 12 | OTEX | Open Text CORP | Stock-Other | 3.27% | -1.11% | +12.96% | |
| 13 | OBE | Obsidian Energy LTD | Stock-Other | 2.47% | +0.99% | +11.34% | |
| 14 | SII | Sprott INC | Stock-Other | 2.40% | +0.45% | -12.50% | |
| 15 | NVDA | Nvidia CORP | Stock-Tech | 1.80% | -1.40% | -37.68% | |
| 16 | TWLO | Twilio INC - A | Stock-Tech | 1.57% | -0.27% | — | |
| 17 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 1.46% | +1.46% | NEW | |
| 18 | XYZ | Block INC | Stock-Financials | 1.26% | -0.15% | — | |
| 19 | DCBO | Docebo INC | Stock-Other | 1.14% | +1.14% | NEW | |
| 20 | MGA | Magna International INC | Stock-Consumer Disc | 1.07% | +1.07% | NEW | |
| 21 | GOOS | Canada Goose Holdings INC | Stock-Other | 1.00% | +0.48% | +137.50% | |
| 22 | MNDY | monday.com Ltd. | Stock-Tech | 0.98% | -1.19% | — | |
| 23 | RCI | Rogers Communications Inc-b | Stock-Other | 0.83% | +0.83% | NEW | |
| 24 | MAKO | Mako Mining CORP | Stock-Other | 0.68% | +0.68% | NEW | |
| 25 | FOSL | Fossil Group INC | Stock-Other | 0.58% | +0.06% | — | |
| 26 | EGO | Eldorado Gold CORP | Stock-Other | 0.50% | +0.50% | NEW | |
| 27 | BIRD | Smartbird INC | Stock-Other | 0.42% | -0.17% | — | |
| 28 | SVA | Sinovac Biotech Ltd. | Stock-Other | — | — | — |
Portfolio Performance
Performance for Q3 2026
-8.9%
Performance Last 4 Quarters
+17.3%
Based on 80% of reported portfolio value with available pricing
- Stdev
- +22.6%
- Beta
- +1.39
- Alpha
- +9.4%
- Max Drawdown
- -12.6%
- Annualized Perf
- +37.9%
- Batting Avg vs S&P
- +61.1%
- Sortino
- +3.54
- Stutzer
- +0.46
- Treynor
- +0.25
- Sterling
- +1.94
- Calmar
- +3.01
- Information Ratio
- +1.15
- Tracking Error
- +14.4%
- Stdev Down
- +9.9%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +76.6%
- Worst 12 Months
- +17.3%
- Efficiency Ratio
- +0.85
- Sharpe
- +1.55
- Stdev Sectors
- +18.1%
- Skewness
- +0.11
- Kurtosis
- -0.43
- Upside Potential
- +4.99
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q1 | 28 | $41.6M | 59 | ||
| 2025 Q4 | 27 | $40.2M | 50 | ||
| 2025 Q3 | 20 | $39.8M | 76 | ||
| 2025 Q2 | 23 | $36.5M | 0 | ||
| 2025 Q1 | 18 | $29.4M | 100 | ||
| 2024 Q4 | 8 | $20.6M | 0 | ||
| 2024 Q3 | 9 | $17.4M | 0 | ||
| 2024 Q2 | 11 | $16.7M | 0 | ||
| 2024 Q1 | 13 | $18.1M | 0 | ||
| 2023 Q4 | 11 | $16.7M | 0 | ||
| 2023 Q3 | 13 | $17.3M | 0 | ||
| 2023 Q2 | 14 | $29.4M | 0 | ||
| 2023 Q1 | 13 | $38.8M | 0 | ||
| 2022 Q4 | 14 | $45.8M | 0 | ||
| 2022 Q3 | 25 | $52.3M | 0 | ||
| 2022 Q2 | 28 | $68.8M | 0 | ||
| 2022 Q1 | 27 | $104.0M | 0 | ||
| 2021 Q4 | 29 | $139.3M | 0 | ||
| 2021 Q3 | 34 | $172.6M | 0 | ||
| 2021 Q2 | 43 | $182.4M | 100 | ||
| 2021 Q1 | 43 | $149.1M | 40 | ||
| 2020 Q4 | 54 | $121.1M | 73 | ||
| 2020 Q3 | 52 | $71.9M | 100 | ||
| 2020 Q2 | 87 | $27.3M | 100 | ||
| 2020 Q1 | 369 | $188.2M | 100 | ||
| 2019 Q4 | 542 | $853.4M | 61 | ||
| 2019 Q3 | 393 | $782.0M | 73 | ||
| 2019 Q2 | 549 | $1.4B | 100 | ||
| 2019 Q1 | 635 | $2.2B | 79 | ||
| 2018 Q4 | 647 | $1.5B | 100 | ||
| 2018 Q3 | 655 | $1.7B | 62 | ||
| 2018 Q2 | 649 | $1.7B | 64 | ||
| 2018 Q1 | 596 | $1.6B | 67 | ||
| 2017 Q4 | 683 | $1.9B | 66 | ||
| 2017 Q3 | 706 | $1.9B | 64 | ||
| 2017 Q2 | 756 | $1.6B | 57 | ||
| 2017 Q1 | 811 | $1.6B | 72 | ||
| 2016 Q4 | 763 | $1.2B | 69 | ||
| 2016 Q3 | 814 | $1.2B | 66 | ||
| 2016 Q2 | 773 | $1.1B | 72 | ||
| 2016 Q1 | 759 | $989.7M | 75 | 1481165207177M346123D | |
| 2015 Q4 | 741 | $785.0M | 91 | ||
| 2015 Q3 | 666 | $769.7M | 72 | ||
| 2015 Q2 | 656 | $715.8M | 54 | ||
| 2015 Q1 | 698 | $716.3M | 64 | ||
| 2014 Q4 | 680 | $594.9M | 79 | ||
| 2014 Q3 | 661 | $665.7M | 51 | ||
| 2014 Q2 | 623 | $673.4M | 78 | ||
| 2014 Q1 | 670 | $643.0M | 59 | ||
| 2013 Q4 | 639 | $577.3M | 81 | ||
| 2013 Q3 | 561 | $437.4M | 72 | ||
| 2013 Q2 | 450 | $373.5M | — |
Holding changes this quarter
Spark Investment Management LLC's most significant position changes for 2026-03-31: Sold out: Celestica INC (CLS); Sold out: New Gold INC (NGDN); Sold out: Triple Flag Precious Met (TFPM); New buy: Barrick Mining CORP (B); New buy: Agnico Eagle Mines LTD (AEM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PDS | Precision Drilling CORP | +5% | +500.00% | Add |
| 2 | CGAU | Centerra Gold INC | +4.8% | +258.54% | Add |
| 3 | VET | Vermilion Energy INC | +3.7% | +2.89% | Add |
| 4 | LSPD | Lightspeed Commerce INC | +2.4% | +158.95% | Add |
| 5 | EFXT | Enerflex LTD | +1.6% | +30.00% | Add |
| 6 | DOO | Brp Inc/ca- Sub Voting | +1.2% | +36.84% | Add |
| 7 | OBE | Obsidian Energy LTD | +1% | +11.34% | Add |
| 8 | GOOS | Canada Goose Holdings INC | +0.5% | +137.50% | Add |
| 9 | SII | Sprott INC | +0.5% | -12.50% | Trim |
| 10 | FOSL | Fossil Group INC | +0.1% | — | Unchanged |
| 11 | SVA | Sinovac Biotech Ltd. | — | — | Unchanged |
| 12 | XYZ | Block INC | -0.2% | — | Unchanged |
| 13 | BIRD | Smartbird INC | -0.2% | — | Unchanged |
| 14 | TWLO | Twilio INC - A | -0.3% | — | Unchanged |
| 15 | KGC | Kinross Gold CORP | -1% | -21.25% | Trim |
| 16 | OTEX | Open Text CORP | -1.1% | +12.96% | Add |
| 17 | MNDY | monday.com Ltd. | -1.2% | — | Unchanged |
| 18 | TSLA | Tesla INC | -1.4% | — | Unchanged |
| 19 | NVDA | Nvidia CORP | -1.4% | -37.68% | Trim |
| 20 | SPOT | Spotify Technology S.A. | -2% | — | Unchanged |
| 21 | AMZN | Amazon.com INC | -3.2% | — | Unchanged |
| 22 | CLS | Celestica INC | — | EXIT | Sold out |
| 23 | NGDN | New Gold INC | — | EXIT | Sold out |
| 24 | TFPM | Triple Flag Precious Met | — | EXIT | Sold out |
| 25 | B | Barrick Mining CORP | — | NEW | New buy |
| 26 | AEM | Agnico Eagle Mines LTD | — | NEW | New buy |
| 27 | DCBO | Docebo INC | — | NEW | New buy |
| 28 | MGA | Magna International INC | — | NEW | New buy |
| 29 | RCI | Rogers Communications Inc-b | — | NEW | New buy |
| 30 | MAKO | Mako Mining CORP | — | NEW | New buy |
| 31 | SLSR | Solaris Resources INC | — | EXIT | Sold out |
| 32 | EGO | Eldorado Gold CORP | — | NEW | New buy |
| 33 | HITI | High Tide INC | — | EXIT | Sold out |
| 34 | LGO | Largo INC | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026 Q1 | 2026-05-11 | 13F-HR | View on EDGAR |
| 2025 Q4 | 2026-02-11 | 13F-HR | View on EDGAR |
| 2025 Q3 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025 Q2 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025 Q1 | 2025-05-12 | 13F-HR | View on EDGAR |
| 2024 Q4 | 2025-02-11 | 13F-HR | View on EDGAR |
| 2024 Q3 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024 Q2 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024 Q1 | 2024-05-13 | 13F-HR | View on EDGAR |
| 2023 Q4 | 2024-02-12 | 13F-HR | View on EDGAR |
| 2023 Q3 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023 Q2 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023 Q1 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022 Q4 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022 Q3 | 2022-11-10 | 13F-HR | View on EDGAR |
| 2022 Q2 | 2022-08-11 | 13F-HR | View on EDGAR |
| 2022 Q1 | 2022-05-12 | 13F-HR | View on EDGAR |
| 2021 Q4 | 2022-02-11 | 13F-HR | View on EDGAR |
| 2021 Q3 | 2021-11-10 | 13F-HR | View on EDGAR |
| 2021 Q2 | 2021-08-12 | 13F-HR | View on EDGAR |
| 2021 Q1 | 2021-05-13 | 13F-HR | View on EDGAR |
| 2020 Q4 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020 Q3 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020 Q2 | 2020-08-12 | 13F-HR | View on EDGAR |
| 2020 Q1 | 2020-05-12 | 13F-HR | View on EDGAR |
| 2019 Q4 | 2020-02-11 | 13F-HR | View on EDGAR |
| 2019 Q3 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019 Q2 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019 Q1 | 2019-05-07 | 13F-HR | View on EDGAR |
| 2018 Q4 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018 Q3 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018 Q2 | 2018-08-08 | 13F-HR | View on EDGAR |
| 2018 Q1 | 2018-05-10 | 13F-HR | View on EDGAR |
| 2017 Q4 | 2018-02-12 | 13F-HR | View on EDGAR |
| 2017 Q3 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017 Q2 | 2017-07-27 | 13F-HR | View on EDGAR |
| 2017 Q1 | 2017-05-11 | 13F-HR | View on EDGAR |
| 2016 Q4 | 2017-02-10 | 13F-HR | View on EDGAR |
| 2016 Q3 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016 Q2 | 2016-08-12 | 13F-HR | View on EDGAR |
| 2016 Q1 | 2016-05-12 | 13F-HR | View on EDGAR |
| 2015 Q4 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015 Q3 | 2015-11-12 | 13F-HR | View on EDGAR |
| 2015 Q2 | 2015-08-12 | 13F-HR | View on EDGAR |
| 2015 Q1 | 2015-05-12 | 13F-HR | View on EDGAR |
| 2014 Q4 | 2015-02-12 | 13F-HR | View on EDGAR |
| 2014 Q3 | 2014-11-13 | 13F-HR | View on EDGAR |
| 2014 Q2 | 2014-08-12 | 13F-HR | View on EDGAR |
| 2014 Q1 | 2014-05-13 | 13F-HR | View on EDGAR |
| 2013 Q4 | 2014-02-13 | 13F-HR | View on EDGAR |
| 2013 Q3 | 2013-11-13 | 13F-HR | View on EDGAR |
| 2013 Q2 | 2013-08-13 | 13F-HR | View on EDGAR |
FAQ
What is Spark Investment Management LLC and what type of investor is it?
Spark Investment Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $41.6M, spread across 28 disclosed positions.
What are Spark Investment Management LLC's largest equity positions?
Based on the latest 13F filing, Spark Investment Management LLC's top holdings by market value are:
1. Amazon.com INC (AMZN) — $9.0M (21.6%)
2. Vermilion Energy INC (VET) — $3.9M (9.4%)
3. Spotify Technology S.A. (SPOT) — $3.4M (8.2%)
4. Centerra Gold INC (CGAU) — $2.6M (6.3%)
5. Precision Drilling CORP (PDS) — $2.4M (5.7%)
What changes did Spark Investment Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Spark Investment Management LLC made 25 notable position adjustments: 7 new positions were initiated, 9 existing holdings were added to, 3 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Celestica INC (CLS); Sold out: New Gold INC (NGDN); Sold out: Triple Flag Precious Met (TFPM); New buy: Barrick Mining CORP (B); New buy: Agnico Eagle Mines LTD (AEM)
What sectors does Spark Investment Management LLC focus on?
Spark Investment Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 54.3%
• Materials: 19.0%
• Communication Services: 15.8%
• Information Technology: 8.4%
• Financials: 2.4%
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Developer Access
Access Spark Investment Management LLC's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/spark-investment-management-llcCLI
npx alphasmo institutions get spark-investment-management-llc