Spark Investment Management LLC

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
27
Total value ($000)
$40,166
Net value change ($000)
+350 (0.9%)
New positions
10
Sold out positions
3
Turnover %
29.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
NGD 2,431 NEW
VET 2,305 NEW
DOO 1,344 NEW
EFXT 925 NEW
OBE 595 NEW
CGAU 590 NEW
AMZN 486 5.1%
PDS 287 NEW
OTEX 264 17.7%
LSPD 246 27.3%
Top Reduces (Value $000, Stocks/ETFs)
CLS -3,981 -59.9%
SAND -1,389 -100.0%
TFPM -1,234 -39.0%
CCJ -839 -100.0%
SPOT -821 -16.8%
ASM -718 -100.0%
NVDA -318 -19.8%
MNDY -272 -23.8%
KGC -178 -7.3%
BIRD -91 -27.8%
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