Spruce Point Capital Management, LLC

13F filer, CIK 1731579, RIVERHEAD, NY

Spruce Point Capital Management, LLC reported $90,924,800 across 24 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-13. Its ten largest share positions make up 87.67% of the portfolio.

Filed 2026-05-13 (acceptance time not in the bulk data set), ingested 2026-10-06 09:58:43 UTC13F-HR 0001214659-26-006017

Period: 2026-03-31
Reported value: $90.9M
Holdings: 24
Top 10 weight: 87.67%
New: 12
Sold out: 3

Largest buys vs the previous quarter

Security	Shares change	Approx. value
MOOnew	+158,020	$13.4M
XLPadded	+88,000	$7.21M
GDXJnew	+44,880	$5.39M
IWMadded	+16,000	$3.97M
REMXadded	+35,684	$3.14M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
QQQreduced	-9,000	-$5.19M
IGVexited	-17,000	-$1.8M
EWAreduced	-51,901	-$1.44M
URAreduced	-24,879	-$1.2M
IGMreduced	-9,200	-$1.09M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001214659-26-006017, largest first. % of portfolio is the value over $74,812,493, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MOOVANECK ETF TRUST	158,020	$13.4M	17.85%	new	Timeline
REMXVANECK ETF TRUST	116,164	$10.2M	13.66%	+35,684	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	15,000	$9.76M	13.04%	+2,200	Timeline
XLPSELECT SECTOR SPDR TR	110,000	$9.02M	12.05%	+88,000	Timeline
IWMISHARES TR	28,000	$6.94M	9.28%	+16,000	Timeline
GDXJVANECK ETF TRUST	44,880	$5.39M	7.2%	new	Timeline
EUFNISHARES TR	94,000	$3.28M	4.38%	-13,400	Timeline
QQQINVESCO QQQ TR	5,000	$2.89M	3.86%	-9,000	Timeline
GDXVANECK ETF TRUST	26,252	$2.41M	3.22%	new	Timeline
URNMSPROTT FDS TR	37,000	$2.34M	3.12%	+22,000	Timeline
VEGIISHARES INC	50,000	$2.26M	3.02%	new	Timeline
ADMARCHER DANIELS MIDLAND CO	25,381	$1.84M	2.47%	new	Timeline
EWAISHARES INC	40,000	$1.11M	1.48%	-51,901	Timeline
XLISELECT SECTOR SPDR TR	6,400	$1.04M	1.38%	new	Timeline
WCCWESCO INTL INC	3,401	$931K	1.24%	new	Timeline
IGMISHARES TR	6,000	$711K	0.95%	-9,200	Timeline
AIRRFIRST TR EXCHANGE TRADED FD	4,347	$482K	0.64%	0	Timeline
IYTISHARES TR	6,200	$463K	0.62%	-2,300	Timeline
URAGLOBAL X FDS	8,000	$387K	0.52%	-24,879	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
BGBUNGE GLOBAL SA Stock	put	90,400	$11.5M	new
BGBUNGE GLOBAL SA Stock	call	20,300	$2.58M	new
GDXJVANECK ETF TRUST JUNIOR GOLD MINE	call	8,000	$960K	new
SGHCSUPER GROUP SGHC LIMITED ORD SHS	call	57,800	$624K	new
NVANOVA MINERALS LTD SPONSORED ADS	put	76,100	$447K	new

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
SPYSTATE STR SPDR S&P 500 ETF T	6,000	$4.09M	put
EWAISHARES INC	100,000	$2.62M	call
IGVISHARES TR	17,000	$1.8M	shares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001214659-26-006017	base		2026-05-13	acceptance time not in the bulk data set	2026-10-06 09:58:43 UTC