Spark Investment Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Spark Investment Management LLC reported 20 stock positions worth $39.8 million. Its top holding was Amazon.com (AMZN) at 23.8% of the portfolio, followed by Celestica (CLS, 16.7%) and Spotify Technology (SPOT, 12.3%). Compared with Q2 2025, it opened 5 new positions, sold out of 8, added to 1 and reduced 2. The biggest buy was Celestica (CLS, shares +17%) and the biggest sale an exit from Alamos Gold Class A (AGI).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001554871
- Portfolio Value
- $39.8M (Q3 2025)
- SEC Filing
- 0000899140-25-001262 ↗ filed Nov 12, 2025
Holdings Value
Holdings 20 stocks · $39.8M
| AMZN Amazon.com Inc. | 23.81% | 43,180 | $9.5M | No change |
| CLS Celestica Inc. | 16.68% | 27,000 | $6.6M | Add +17.4% |
| SPOT Spotify Technology SA | 12.27% | 7,000 | $4.9M | No change |
| TFPM Triple Flag Precious Met | 7.94% | 108,000 | $3.2M | No change |
| TSLA Tesla Inc. | 6.70% | 6,000 | $2.7M | No change |
| KGC Kinross Gold Corp. | 6.11% | 98,000 | $2.4M | No change |
| NVDA Nvidia Corp. | 4.03% | 8,600 | $1.6M | Reduce -36.8% |
| OTEX Open Text Corp. | 3.75% | 40,000 | $1.5M | New |
| SAND Sandstorm Gold Ltd. | 3.49% | 111,000 | $1.4M | No change |
| MNDY Monday.com Ltd. | 2.87% | 5,900 | $1.1M | No change |
| LSPD Lightspeed Commerce Inc. | 2.26% | 78,000 | $900K | New |
| CCJ Cameco Corp. | 2.11% | 10,000 | $839K | New |
| ASM Avino Silver & Gold Mines | 1.80% | 137,000 | $718K | Reduce -29.4% |
| SII Sprott Inc. | 1.67% | 8,000 | $665K | New |
| XYZ Block Inc. | 1.58% | 8,700 | $629K | No change |
| TWLO Twilio Inc. Class A | 1.31% | 5,200 | $520K | No change |
| BIRD Smartbird Inc. filed as ALLBIRDS INC | 0.82% | 57,634 | $327K | No change |
| SLSR Solaris Resources Inc. | 0.43% | 27,000 | $172K | New |
| FOSL Fossil Group Inc. | 0.36% | 55,900 | $144K | No change |
| SVA Sinovac Biotech Ltd. | 0.00% | 29,100 | $0 | No change |
Portfolio Sells Q2 2025 → Q3 2025
| AGI Alamos Gold Inc. Class A | Sold out | 0.00% | −4.09 |
| ORLA Orla Mining Ltd. | Sold out | 0.00% | −3.06 |
| NVDA Nvidia Corp. | Reduce -36.8% | 4.03% | −1.86 |
| GOOS Canada Goose Holdings Inc. | Sold out | 0.00% | −1.26 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −1.17 |
| HBM Hudbay Minerals Inc. | Sold out | 0.00% | −0.73 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.65 |
| NAK Northern Dynasty Minerals | Sold out | 0.00% | −0.51 |
| EFXT Enerflex Ltd. | Sold out | 0.00% | −0.48 |
| ASM Avino Silver & Gold Mines | Reduce -29.4% | 1.80% | −0.11 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 72 | $51.2M | AMZN, BB, SPOT, TSLA, CGAU |
| Q1 2026 | 28 | $41.6M | AMZN, VET, SPOT, CGAU, PDS |
| Q4 2025 | 27 | $40.2M | AMZN, SPOT, TSLA, CLS, NGD |
| Q3 2025 | 20 | $39.8M | AMZN, CLS, SPOT, TFPM, TSLA |
| Q2 2025 | 23 | $36.5M | AMZN, SPOT, CLS, TFPM, NVDA |
| Q1 2025 | 18 | $29.4M | AMZN, SPOT, AGI, ORLA, EFXT |
| Q4 2024 | 8 | $20.6M | AMZN, SPOT, NVDA, TSLA, MNDY |
| Q3 2024 | 9 | $17.4M | AMZN, SPOT, MNDY, TSLA, XYZ |
| Q2 2024 | 11 | $16.7M | AMZN, SPOT, MNDY, TSLA, XYZ |
| Q1 2024 | 13 | $18.1M | AMZN, SPOT, MNDY, JILL, GBTC |