Managers / Q1 2026
Spruce Point Capital Management, LLC
CIK 0001731579 · 30 WEST MAIN STREET, SUITE 200, RIVERHEAD, NY, 11901 · 914-999-2019
Summary
Spruce Point Capital Management, LLC reported $91M in U.S.-listed holdings across 24 positions for Q1 2026.
The portfolio is heavily concentrated: MOO alone accounts for 34.5% of reported value.
Compared with Q4 2025, the fund opened 10 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 80.3% · $73M
- Common Stock · 19.2% · $17M
- ADR · 0.5% · $446,707
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BGBUNGE GLOBAL SA | NEW | +110.7K | 110.7K | +$14M | $14M |
| MOOVANECK ETF TRUST | NEW | +158.0K | 158.0K | +$13M | $13M |
| GDXJVANECK ETF TRUST | NEW | +52.9K | 52.9K | +$6M | $6M |
| GDXVANECK ETF TRUST | NEW | +26.3K | 26.3K | +$2M | $2M |
| VEGIISHARES INC | NEW | +50.0K | 50.0K | +$2M | $2M |
| ADMARCHER DANIELS MIDLAND CO | NEW | +25.4K | 25.4K | +$2M | $2M |
| XLISELECT SECTOR SPDR TR | NEW | +6.4K | 6.4K | +$1M | $1M |
| WCCWESCO INTL INC | NEW | +3.4K | 3.4K | +$930,582 | $930,582 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | MOOVANECK ETF TRUST | AGRIBUSINESS ETF · RARE EARTH AND S · JUNIOR GOLD MINE · GOLD MINERS ETF | 34.50% | $31M | 345.3K |
| 2 | IWMISHARES TR | RUSSELL 2000 ETF · MSCI EURO FL ETF · EXPND TEC SC ETF · US TRSPRTION | 12.53% | $11M | 134.2K |
| 3 | XLPSELECT SECTOR SPDR TR | STATE STREET CON · STATE STREET IND | 11.06% | $10M | 116.4K |
| 4 | SPYSTATE STR SPDR S&P 500 ETF Thistory → | TR UNIT | 10.73% | $10M | 15.0K |
| 5 | VEGIISHARES INC | MSCI AGRICULTURE · MSCI AUST ETF | 3.71% | $3M | 90.0K |
| 6 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 3.17% | $3M | 5.0K |
| 7 | URNMSPROTT FDS TRhistory → | URANIUM MINERS E | 2.57% | $2M | 37.0K |
| 8 | ADMARCHER DANIELS MIDLAND COhistory → | COM | 2.03% | $2M | 25.4K |
| 9 | WCCWESCO INTL INChistory → | COM | 1.02% | $930,582 | 3.4K |
| 10 | AIRRFIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 0.53% | $481,561 | 4.3K |
| 11 | URAGLOBAL X FDS | GLOBAL X URANIUM | 0.43% | $387,440 | 8.0K |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.