Spruce House Adds $45M to Colliers Stake Near 52-Week Low
CIGI is trading near its 52-week low of $87.36 (2.9% above the low).
Summary
Spruce House Investment Management disclosed purchasing $44.9 million of Colliers shares over the past week, increasing its stake to 6.5% of the company as the stock trades near its 52-week low.
Key Events · Ownership and Investor Activity · CIGI
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Spruce House Buys $44.9M of Shares
Spruce House Partnership purchased 489,675 shares in open market transactions between September 23-28, 2026, at prices from $89.68 to $92.16 per share, totaling approximately $44.9 million.
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Stake Increases to 6.5%
The purchases bring Spruce House entities' aggregate beneficial ownership to 3,235,000 shares, representing 6.5% of Colliers' 49,778,127 outstanding shares as of August 5, 2026.
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Purchases Near 52-Week Low
The buying occurred with the stock trading near its 52-week low of $87.36, suggesting the firm views current prices as attractive entry points.
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Historical Cost Basis Revealed
The amendment discloses that the original 3,235,000 share position was acquired for approximately $258.2 million total, including a February 2024 underwritten offering purchase at $121.00 per share.
Analysis · CIGI · Real Estate & Construction
Spruce House Investment Management, a value-oriented investment firm, purchased 489,675 shares of Colliers International Group between September 23-28, 2026, at prices ranging from $89.68 to $92.16 per share — a total outlay of approximately $44.9 million. The purchases come as the stock trades near its 52-week low of $87.36, suggesting the firm sees value at these levels. The amendment also reveals that Spruce House's original 3.2 million share position was built at an average cost of roughly $79.80 per share, meaning the firm is now adding to a position that is modestly underwater relative to its historical cost basis. The filing updates Spruce House's beneficial ownership to 6.5% of outstanding shares, with Benjamin Stein's direct holdings bringing the group total to 6.6%.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CIGI was trading at $89.91 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $87.36 to $171.51. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.