Form D · Hedge Fund

Spruce House Partnership (QP) LP

New York, NY · CIK 0001797552

Offering snapshot reported Dec 12, 2025 · SEC filing

Reported sold: $440M
Investors reported: 54
Minimum accepted: $1
First sale: Feb 29, 2020

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$438,892,589 → $439,992,589
Reported investors53 → 54

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 12, 2025	Amendment	$439,992,589	$1,100,000vs Dec 13, 2024	54	SEC filing
Dec 13, 2024	Amendment	$438,892,589	$200,692,589vs Dec 14, 2023	53	SEC filing
Dec 14, 2023	Amendment	$238,200,000	$0vs Dec 15, 2022	41	SEC filing
Dec 15, 2022	Amendment	$238,200,000	$60,900,000vs Dec 29, 2021	41	SEC filing
Dec 29, 2021	Amendment	$177,300,000	$23,500,000vs Dec 30, 2020	46	SEC filing
Dec 30, 2020	Amendment	$153,800,000	No comparison	40	SEC filing
Dec 30, 2019	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-356625

The total amount sold does not reflect (i)redemptions and/or withdrawals or (ii)account transfers of the same underlying investors in the fund.

Source: Form D, filed Dec 12, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

THE SPRUCE HOUSE PARTNERSHIP (QP) LP

Investment adviser: SPRUCE HOUSE INVESTMENT MANAGEMENT LLC

Gross asset value: $2.23B
Beneficial owners: 37
ADV minimum commitment: $3M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator HEDGESERV LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP SHORT HILLS, New Jersey, United States

Custodian BANK OF MONTREAL TORONTO, Canada Related to adviser: No

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Custodian STATE STREET CORPORATION BOSTON, Massachusetts, United States Related to adviser: No

Custodian WELLS FARGO BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States

Prime broker WELLS FARGO BANK, N.A. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG LLP
PCAOB 185

BANK OF MONTREAL
LEI NQQ6HPCNCCU6TUTQYE16

GOLDMAN SACHS & CO. LLC
SEC 8-129

STATE STREET CORPORATION
LEI 549300ZFEEJ2IP5VME73

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Filing source

Form ADV 2080971 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-9303252408

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
N/A Spruce House Capital Llc	Promoter
N/A Spruce House Investment Management Llc	Executive
Benjamin Stein	Executive
Zachary Sternberg	Executive
Thomas Walker	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

435 Hudson St Suite 804
New York, NY, 10014