Spruce Point Capital Management, LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Spruce Point Capital Management, LLC reported 19 stock positions worth $74.8 million . Its top holding was Vaneck Agribusiness ETF (MOO) at 17.8% of the portfolio, followed by Vaneck Rar Earth ND STG-Usdi (REMX, 13.7% ) and SS SPDR S&P 500 ETF Trust-US (SPY, 13.0% ). Compared with Q4 2025, it opened 7 new positions, sold out of 1, added to 5 and reduced 6. The biggest buy was a new position in Vaneck Agribusiness ETF (MOO) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −64% ).
Location RIVERHEAD, NY
CIK 0001731579
Portfolio Value $74.8M (Q1 2026) Holdings 19 stocks · $74.8M Holdings quarter Q2 2026 Q1 2026 Q4 2025
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 MOO Vaneck Agribusiness ETF 158,020 $13.4M New REMX Vaneck Rar Earth ND STG-Usdi 116,164 $10.2M Add +44.3% SPY SS SPDR S&P 500 ETF Trust-US 15,000 $9.8M Add +17.2% XLP SS Consumer Staples Sel Sect 110,000 $9.0M Add +400.0% IWM iShares Russell 2000 ETF 28,000 $6.9M Add +133.3% GDXJ Vaneck Junior Gold Miners 44,880 $5.4M New EUFN iShares MSCI Europe Financia 94,000 $3.3M Reduce -12.5% QQQ Invesco QQQ Trust Series 1 5,000 $2.9M Reduce -64.3% GDX Vaneck Gold Miners ETF 26,252 $2.4M New URNM Sprott Uranium Miners ETF 37,000 $2.3M Add +146.7% VEGI iShares MSCI Agriculture Pro 50,000 $2.3M New ADM Archer-Daniels-Midland Co. 25,381 $1.8M New EWA iShares MSCI Australia ETF 40,000 $1.1M Reduce -56.5% XLI SS Industrial Select Sector 6,400 $1.0M New WCC Wesco International Inc. 3,401 $931K New IGM iShares Expanded Tech Sector 6,000 $711K Reduce -60.5% AIRR First Trust Rba American Ind 4,347 $482K No change IYT iShares US Transportation Et 6,200 $463K Reduce -27.1% URA Global X Uranium ETF 8,000 $387K Reduce -75.7%
Options reported separately and not counted above: BG puts ($11.5M), BG calls ($2.6M), GDXJ calls ($960K), SGHC calls ($624K), NOVA MINERALS LTD-ADR puts ($447K).
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ QQQ Invesco QQQ Trust Series 1 Reduce -64.3% 3.86% −16.93 EUFN iShares MSCI Europe Financia Reduce -12.5% 4.38% −5.25 IGV iShares Expanded Tech-Softwa Sold out 0.00% −4.34 EWA iShares MSCI Australia ETF Reduce -56.5% 1.48% −4.33 IGM iShares Expanded Tech Sector Reduce -60.5% 0.95% −3.79 URA Global X Uranium ETF Reduce -75.7% 0.52% −2.88 IYT iShares US Transportation Et Reduce -27.1% 0.62% −0.91
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ MOO Vaneck Agribusiness ETF New 17.85% +17.85 XLP SS Consumer Staples Sel Sect Add +400.0% 12.05% +7.92 GDXJ Vaneck Junior Gold Miners New 7.20% +7.20 GDX Vaneck Gold Miners ETF New 3.22% +3.22 VEGI iShares MSCI Agriculture Pro New 3.02% +3.02 ADM Archer-Daniels-Midland Co. New 2.47% +2.47 IWM iShares Russell 2000 ETF Add +133.3% 9.28% +2.14 XLI SS Industrial Select Sector New 1.38% +1.38 WCC Wesco International Inc. New 1.24% +1.24 URNM Sprott Uranium Miners ETF Add +146.7% 3.12% +1.13 REMX Vaneck Rar Earth ND STG-Usdi Add +44.3% 13.66% −0.71 SPY SS SPDR S&P 500 ETF Trust-US Add +17.2% 13.04% −8.05
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ BG Bunge Global SA put New 90,400 $11.5M SPY SS SPDR S&P 500 ETF Trust-US put Sold out 6,000 $4.1Mbefore exit EWA iShares MSCI Australia ETF call Sold out 100,000 $2.6Mbefore exit BG Bunge Global SA call New 20,300 $2.6M GDXJ Vaneck Junior Gold Miners call New 8,000 $960K SGHC Super Group SGHC Ltd. call New 57,800 $624K NOVA MINERALS LTD-ADR put New 76,100 $447K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 18 $53.9M SPY, IWM, REMX, QQQ, EUFN Q1 2026 19 $74.8M MOO, REMX, SPY, XLP, IWM Q4 2025 13 $41.4M SPY, QQQ, REMX, EUFN, IWM