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SPCM
Spruce Point Capital Management Portfolio holdings
AUM
$57.8M
This Fund
S&P 500
This Quarter
Est. Return
+7.74%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$90.9M
AUM Growth
+$42.8M
(+89%)
Cap. Flow
+$33.2M
Cap. Flow
% of AUM
36.48%
Top 10 Holdings %
Top 10 Hldgs %
82.4%
Holding
27
New
12
Increased
5
Reduced
6
Closed
3
Avg Time Held Equity + Options
1.7
quarters
Top 10 Avg Time Held Equity + Options
0.6
quarters
Top 20 Avg Time Held Equity + Options
0.5
quarters
Avg Time Held Equity only
2.1
quarters
Top 10 Avg Time Held Equity only
0.7
quarters
Top 20 Avg Time Held Equity only
0.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Agribusiness ETF
MOO
|
+$12.9M |
| 2 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$7.41M |
| 3 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$5.86M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$4.13M |
| 5 |
VanEck Rare Earth/Strategic Metals ETF
REMX
|
+$3.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$5.47M |
| 2 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$1.8M |
| 3 |
iShares MSCI Australia ETF
EWA
|
+$1.46M |
| 4 |
Global X Uranium ETF
URA
|
+$1.29M |
| 5 |
iShares Expanded Tech Sector ETF
IGM
|
+$1.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 96.95% |
| 2 | Consumer Staples | 2.03% |
| 3 | Industrials | 1.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
VanEck Agribusiness ETF
MOO
$1.14B
| $13.4M | 14.69% |
+158,020
| New | +$12.9M |
2026 Q1
0 quarters
|
|
2
PUT
Bunge Global
BG
$20.7B
| $11.5M | 12.65% |
+90,400
| New | +$10.5M |
2026 Q1
0 quarters
|
|
|
3
VanEck Rare Earth/Strategic Metals ETF
REMX
$1.74B
| $10.2M | 11.24% |
116,164
+35,684
| +44% | +$3.21M |
2025 Q4
1 quarter
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$828B
| $9.76M | 10.73% |
15,000
+2,200
| +17% | +$1.5M |
2018 Q4
29 quarters
|
|
|
5
State Street Consumer Staples Select Sector SPDR ETF
XLP
$13.7B
| $9.02M | 9.92% |
110,000
+88,000
| +400% | +$7.41M |
2025 Q4
1 quarter
|
|
|
6
iShares Russell 2000 ETF
IWM
$77B
| $6.94M | 7.64% |
28,000
+16,000
| +133% | +$4.13M |
2025 Q4
1 quarter
|
|
|
7
VanEck Junior Gold Miners ETF
GDXJ
$8.17B
| $5.39M | 5.93% |
+44,880
| New | +$5.86M |
2026 Q1
0 quarters
|
|
8
iShares MSCI Europe Financials ETF
EUFN
$3.77B
| $3.28M | 3.6% |
94,000
-13,400
| -12% | -$490K |
2025 Q4
1 quarter
|
|
|
9
Invesco QQQ Trust
QQQ
$504B
| $2.89M | 3.17% |
5,000
-9,000
| -64% | -$5.47M |
2025 Q4
1 quarter
|
|
|
10
CALL
Bunge Global
BG
$20.7B
| $2.58M | 2.84% |
+20,300
| New | +$2.36M |
2026 Q1
0 quarters
|
|
11
VanEck Gold Miners ETF
GDX
$25.9B
| $2.41M | 2.65% |
+26,252
| New | +$2.59M |
2026 Q1
0 quarters
|
|
12
Sprott Uranium Miners ETF
URNM
$1.77B
| $2.34M | 2.57% |
37,000
+22,000
| +147% | +$1.5M |
2025 Q4
1 quarter
|
|
13
iShares MSCI Agriculture Producers ETF
VEGI
$170M
| $2.26M | 2.49% |
+50,000
| New | +$2.19M |
2026 Q1
0 quarters
|
|
14
Archer Daniels Midland
ADM
$39.8B
| $1.84M | 2.03% |
+25,381
| New | +$1.71M |
2026 Q1
0 quarters
|
|
|
15
iShares MSCI Australia ETF
EWA
$1.2B
| $1.11M | 1.22% |
40,000
-51,901
| -56% | -$1.46M |
2025 Q4
1 quarter
|
|
16
State Street Industrial Select Sector SPDR ETF
XLI
$30.1B
| $1.04M | 1.14% |
+6,400
| New | +$1.07M |
2026 Q1
0 quarters
|
|
|
17
CALL
VanEck Junior Gold Miners ETF
GDXJ
$8.17B
| $960K | 1.06% |
+8,000
| New | +$1.04M |
2026 Q1
0 quarters
|
|
|
WCC
18
WESCO International
WCC
$17.3B
| $931K | 1.02% |
+3,401
| New | +$955K |
2026 Q1
0 quarters
|
|
|
19
iShares Expanded Tech Sector ETF
IGM
$11.5B
| $711K | 0.78% |
6,000
-9,200
| -61% | -$1.16M |
2025 Q4
1 quarter
|
|
20
CALL
SGHC Ltd
SGHC
$5.86B
| $624K | 0.69% |
+57,800
| New | +$590K |
2026 Q1
0 quarters
|
|
21
First Trust RBA American Industrial Renaissance ETF
AIRR
$9B
| $482K | 0.53% |
4,347
| – | – |
2025 Q4
1 quarter
|
|
22
iShares US Transportation ETF
IYT
$1.95B
| $463K | 0.51% |
6,200
-2,300
| -27% | -$179K |
2025 Q4
1 quarter
|
|
|
NVA
23
PUT
Nova Minerals Corp
NVA
$2.55B
| $447K | 0.49% |
+76,100
| New | +$570K |
2026 Q1
0 quarters
|
|
|
24
Global X Uranium ETF
URA
$5.36B
| $387K | 0.43% |
8,000
-24,879
| -76% | -$1.29M |
2025 Q4
1 quarter
|
|
|
25
CALL
iShares MSCI Australia ETF
EWA
$1.2B
| – | – |
-100,000
| Closed | -$2.62M | – |
|
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Spruce Point Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Spruce Point Capital Management held 27 positions worth $90.9M, up 89% from $48.1M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Spruce Point Capital Management deployed $33.2M of net new capital in Q1 2026, opening 12 new positions and adding to 5 existing holdings. Its largest new stake was VanEck Agribusiness ETF: 158,020 shares worth $13.4M.
By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, followed by Consumer Staples and Industrials.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $5.47M trimmed.
- Spruce Point Capital Management's largest Q1 2026 buy was VanEck Agribusiness ETF: 158,020 shares worth $13.4M.
- Spruce Point Capital Management added most to State Street Consumer Staples Select Sector SPDR ETF in Q1 2026, an estimated $7.41M increase.
- Spruce Point Capital Management's biggest Q1 2026 reduction was Invesco QQQ Trust, cutting an estimated $5.47M.
- Spruce Point Capital Management fully exited iShares Expanded Tech-Software Sector ETF in Q1 2026, selling an estimated $1.8M.
- Spruce Point Capital Management's ten largest holdings make up 82% of its $90.9M portfolio in Q1 2026.
- Spruce Point Capital Management opened 12 new positions and closed 3 in Q1 2026.
- Spruce Point Capital Management's portfolio value rose 89% quarter-over-quarter to $90.9M.
Based on Spruce Point Capital Management's 13F filing for Q1 2026, filed 13 May 2026.