# Spruce Point Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1731579. Source: https://holderbook.com/funds/1731579-spruce-point-capital-management-llc/

- Reported value: $57.8M
- Positions: 20
- Weight of the ten largest: 85.2%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $12.7M | 17,000 | 21.9% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $7.6M | 25,400 | 13.2% | 3 |
| VANECK ETF TRUST | [REMX](https://holderbook.com/stocks/REMX/) | $7.5M | 84,730 | 13.0% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $6.0M | 8,210 | 10.5% | 3 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $3.9M | 30,000 | 6.8% | 2 |
| ISHARES TR | [EUFN](https://holderbook.com/stocks/EUFN/) | $3.5M | 90,000 | 6.1% | 3 |
| ISHARES INC | [VEGI](https://holderbook.com/stocks/VEGI/) | $2.2M | 50,000 | 3.8% | 2 |
| BUNGE GLOBAL SA | [BG](https://holderbook.com/stocks/BG/) | $2.2M | 0 | 3.7% | 2 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $1.8M | 24,008 | 3.2% | 2 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $1.8M | 23,530 | 3.1% | 2 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $1.7M | 9,000 | 2.9% | 2 |
| TREDEGAR CORP | [TG](https://holderbook.com/stocks/TG/) | $1.1M | 143,924 | 2.0% | 1 |
| ISHARES INC | [EWA](https://holderbook.com/stocks/EWA/) | $1.1M | 40,000 | 1.9% | 3 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $981.5K | 6,000 | 1.7% | 3 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $933.0K | 2,701 | 1.6% | 2 |
| SUPER GROUP SGHC LIMITED | [SGHC](https://holderbook.com/stocks/SGHC/) | $783.2K | 0 | 1.4% | 2 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $780.4K | 11,510 | 1.3% | 1 |
| FIRST TR EXCHANGE TRADED FD | [AIRR](https://holderbook.com/stocks/AIRR/) | $579.2K | 4,347 | 1.0% | 3 |
| SPROTT FDS TR | [URNM](https://holderbook.com/stocks/URNM/) | $315.5K | 6,000 | 0.5% | 3 |
| VANECK ETF TRUST | [MOO](https://holderbook.com/stocks/MOO/) | $254.3K | 3,211 | 0.4% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +3.3% | +14.8% | -11.5% | 99% |
| Q1 2026 | -0.0% | -4.6% | +4.6% | 86% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $57.8M | 20 |
| Q1 2026 | $90.9M | 22 |
| Q4 2025 | $48.1M | 13 |
| Q4 2018 | $2.3M | 2 |