Spark Investment Management LLC

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
20
Total value ($000)
$39,816
Net value change ($000)
+3,341 (9.2%)
New positions
5
Sold out positions
8
Turnover %
21.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/11/2025 Next filing: 2/11/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CLS 3,047 84.7%
OTEX 1,495 NEW
LSPD 900 NEW
KGC 900 58.8%
CCJ 839 NEW
TSLA 762 40.0%
SII 665 NEW
TFPM 598 23.3%
SAND 344 32.9%
SLSR 172 NEW
Top Reduces (Value $000, Stocks/ETFs)
AGI -1,491 -100.0%
ORLA -1,116 -100.0%
MNDY -712 -38.4%
NVDA -544 -25.3%
SPOT -485 -9.0%
GOOS -459 -100.0%
MAG SILVER CORP -425 -100.0%
BIRD -286 -46.7%
HBM -265 -100.0%
NGD -239 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type