Spark Investment Management LLC

CIK 0001554871 · Q1 2026

13F Equity AUM

$41.6M

+3.6% QoQ

Positions

+1 QoQ

AUM Rank

#10,998

Top 88%

Skill Alpha (FF)

+1.7%/yr^ns

No Clear Edge

Rank #1,258 · Top 15%

vs S&P +1.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 51.1%Top 10: 74.8%Top 20: 95.0%

AMZN21.6%

VET9.4%

SPOT8.2%

CG6.3%

PDS5.7%

TSLA5.4%

LSPD5.3%

KGC4.6%

DOO4.5%

EFX3.9%

Others (17)25.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical34.1%

Energy17.6%

Technology14.2%

Communication Services10.6%

Basic Materials9.8%

Financial Services9.2%

Industrials3.9%

Other0.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 27Median: 2.40%Avg: 3.70%

0–0.5%

2(0.9%)

0.5–1%

4(3.1%)

1–3%

9(14.2%)

3–5%

5(20.0%)

5%+

7(61.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 26Unique: 1vs 20 funds

0.4%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

0.5%

MORGAN STANLEY

0.4%

GEODE CAPITAL MANAGEMENT, LLC

0.6%

JPMORGAN CHASE & CO

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.6%

BlackRock, Inc.

0.4%

FMR LLC

0.6%

STATE STREET CORP

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New7Increased9Decreased3Exited6

New Positions

B3.7%

+38K

AEM1.5%

+3K

DCBO1.1%

+27K

MGA1.1%

+8K

RCI/B0.8%

+9K

MAKO MNG CORP0.7%

+44K

ELD0.5%

+6K

Increased

LSPD5.3%

+151K(+159%)

CG6.3%

+106K(+259%)

GOOS1.0%

+22K(+138%)

PDS5.7%

+20K(+500%)

EFX3.9%

+18K(+30%)

OBE2.5%

+11K(+11%)

VET9.4%

+8K(+3%)

DOO4.5%

+7K(+37%)

OTX3.3%

+7K(+13%)

Decreased

KGC4.6%

-17,000(-21%)

NVDA1.8%

-2,600(-38%)

SII2.4%

-1,000(-13%)

Exited

-9,000

-279,000

-58,000

-32,000

-16,000

-11,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...