CIK: 0001731579
Total reported value
$90.9M
Reporting period: 2026-03-31 · Number of holdings: 24
Spruce Point Capital Management, LLC disclosed 24 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $90.9M and a quarterly turnover rate of 112.4%.
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Spruce Point Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.096 — mathematically equivalent to about 10 equally-sized positions, well below its 24 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.07), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 19% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim SPY
-20.2% -$3.1M
Trim QQQ
-64.3% -$5.7M
Trim EWA
-79.2% -$3.9M
Add XLP
+400.0% $7.3M
Trim EUFN
-12.5% -$707.6K
Trim IGM
-60.5% -$1.3M
Showing top 22 holdings (of 24 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BG | Bunge Global SA | Stock-Consumer Staples | 15.49% | +15.49% | NEW | |
| 2 | MOO | Vaneck Agribusiness ETF | ETF-Other | 14.69% | +14.69% | NEW | |
| 3 | REMX | Vaneck Rar Earth Nd Stg-usdi | ETF-Other | 11.24% | -1.13% | +44.34% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 10.73% | -15.93% | -20.21% | |
| 5 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 9.92% | +6.37% | +400.00% | |
| 6 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 7.64% | +1.50% | +133.33% | |
| 7 | GDXJ | Vaneck Junior Gold Miners | ETF-Commodities | 6.98% | +6.98% | NEW | |
| 8 | EUFN | Ishares Msci Europe Financia | ETF-Other | 3.60% | -4.68% | -12.48% | |
| 9 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 3.17% | -14.71% | -64.29% | |
| 10 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 2.65% | +2.65% | NEW | |
| 11 | URNM | Sprott Uranium Miners ETF | ETF-Other | 2.57% | +0.86% | +146.67% | |
| 12 | VEGI | Ishares Msci Agriculture Pro | ETF-Other | 2.49% | +2.49% | NEW | |
| 13 | ADM | Archer-daniels-midland Co | Stock-Consumer Staples | 2.03% | +2.03% | NEW | |
| 14 | EWA | Ishares Msci Australia ETF | ETF-Other | 1.22% | -9.23% | -79.16% | |
| 15 | XLI | Ss Industrial Select Sector | ETF-Other | 1.14% | +1.14% | NEW | |
| 16 | WCC | Wesco International INC | Stock-Industrials | 1.02% | +1.02% | NEW | |
| 17 | IGM | Ishares Expanded Tech Sector | ETF-Tech | 0.78% | -3.30% | -60.53% | |
| 18 | SGHC | Super Group (SGHC) Limited | Stock-Other | 0.69% | +0.69% | NEW | |
| 19 | AIRR | First Trust Rba American Ind | ETF-Other | 0.53% | -0.36% | — | |
| 20 | IYT | Ishares US Transportation Et | ETF-Other | 0.51% | -0.81% | -27.06% | |
| 21 | QM30 | Nova Minerals Ltd-adr | Stock-Other | 0.49% | +0.49% | NEW | |
| 22 | URA | Global X Uranium ETF | ETF-Other | 0.43% | -2.49% | -75.67% |
Performance for Q3 2026
-1.3%
Performance Last 4 Quarters
+4.2%
Based on 5 months of available history
Based on 72% of reported portfolio value with available pricing
Spruce Point Capital Management, LLC's most significant position changes for 2026-03-31: New buy: Bunge Global SA (BG); New buy: Vaneck Agribusiness ETF (MOO); New buy: Vaneck Junior Gold Miners (GDXJ); New buy: Vaneck Gold Miners ETF (GDX); New buy: Ishares Msci Agriculture Pro (VEGI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XLP | Ss Consumer Staples Sel Sect | +6.4% | +400.00% | Add |
| 2 | IWM | Ishares Russell 2000 ETF | +1.5% | +133.33% | Add |
| 3 | URNM | Sprott Uranium Miners ETF | +0.9% | +146.67% | Add |
| 4 | AIRR | First Trust Rba American Ind | -0.4% | — | Unchanged |
| 5 | IYT | Ishares US Transportation Et | -0.8% | -27.06% | Trim |
| 6 | REMX | Vaneck Rar Earth Nd Stg-usdi | -1.1% | +44.34% | Add |
| 7 | URA | Global X Uranium ETF | -2.5% | -75.67% | Trim |
| 8 | IGM | Ishares Expanded Tech Sector | -3.3% | -60.53% | Trim |
| 9 | EUFN | Ishares Msci Europe Financia | -4.7% | -12.48% | Trim |
| 10 | EWA | Ishares Msci Australia ETF | -9.2% | -79.16% | Trim |
| 11 | QQQ | Invesco Qqq Trust Series 1 | -14.7% | -64.29% | Trim |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | -15.9% | -20.21% | Trim |
| 13 | BG | Bunge Global SA | — | NEW | New buy |
| 14 | MOO | Vaneck Agribusiness ETF | — | NEW | New buy |
| 15 | GDXJ | Vaneck Junior Gold Miners | — | NEW | New buy |
| 16 | GDX | Vaneck Gold Miners ETF | — | NEW | New buy |
| 17 | VEGI | Ishares Msci Agriculture Pro | — | NEW | New buy |
| 18 | ADM | Archer-daniels-midland Co | — | NEW | New buy |
| 19 | IGV | Ishares Expanded Tech-softwa | — | EXIT | Sold out |
| 20 | XLI | Ss Industrial Select Sector | — | NEW | New buy |
| 21 | WCC | Wesco International INC | — | NEW | New buy |
| 22 | SGHC | Super Group (SGHC) Limited | — | NEW | New buy |
| 23 | QM30 | Nova Minerals Ltd-adr | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-22 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-02-15 | 13F-HR | View on EDGAR |
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