Spruce Point Capital Management, LLC

Portfolio Overview

Spruce Point Capital Management, LLC disclosed 21 positions worth $57.8M in its Form 13F-HR for Q2 2026 — $53.9M in common stock plus $3.9M of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) at 23.5% of the equity portfolio. During the quarter the fund opened 3 new positions and exited 6 — including a new stake in $TG. The portfolio is most concentrated in Other (90.7% of disclosed assets). All figures are sourced directly from Spruce Point Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1731579.

• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $12.7M17,000 sh

• ISHARES TR - RUSSELL 2000 ETF

  —

  Quality

  $7.6M25,400 sh

• VANECK ETF TRUST - RARE EAR STR ETF

  —

  Quality

  $7.5M84,730 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $6.0M8,210 sh

• ISHARES TR - MSCI EURO FL ETF

  —

  Quality

  $3.5M90,000 sh

• VANECK ETF TRUST - JUNIOR GOLD MINE

  —

  Quality

  $2.9M30,000 sh

• ISHARES INC - MSCI AGR PRO ETF

  —

  Quality

  $2.2M50,000 sh
• 

  Bunge Global SA

  $BG PUT

  54.3

  Quality

  $2.2M20,200 sh
• 

  Archer-Daniels-Midland Co

  $ADM

  50.5

  Quality

  $1.8M24,008 sh

• VANECK ETF TRUST - GOLD MINERS ETF

  —

  Quality

  $1.8M23,530 sh

Company	Quality	Value	Shares
SPDR S&P 500 ETF TRUST$SPY	—	$12.7M	17,000
ISHARES TR - RUSSELL 2000 ETF	—	$7.6M	25,400
VANECK ETF TRUST - RARE EAR STR ETF	—	$7.5M	84,730
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$6.0M	8,210
ISHARES TR - MSCI EURO FL ETF	—	$3.5M	90,000
VANECK ETF TRUST - JUNIOR GOLD MINE	—	$2.9M	30,000
ISHARES INC - MSCI AGR PRO ETF	—	$2.2M	50,000
Bunge Global SA$BGPUT	54.3	$2.2M	20,200
Archer-Daniels-Midland Co$ADM	50.5	$1.8M	24,008
VANECK ETF TRUST - GOLD MINERS ETF	—	$1.8M	23,530

Showing top 10 of 21 holdings.

Full Holdings — Spruce Point Capital Management, LLC (Q2 2026)

All 21 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$SPY	SPDR S&P 500 ETF TRUST	$12.7M	23.5%	+13%	—
2	—	ISHARES TR - RUSSELL 2000 ETF	$7.6M	14.2%	-9%	—
3	—	VANECK ETF TRUST - RARE EAR STR ETF	$7.5M	13.9%	-27%	—
4	$QQQ	INVESCO QQQ TRUST, SERIES 1	$6.0M	11.2%	+64%	—
5	—	ISHARES TR - MSCI EURO FL ETF	$3.5M	6.5%	-4%	—
6	—	VANECK ETF TRUST - JUNIOR GOLD MINE	$2.9M	5.5%	-33%	—
7	—	ISHARES INC - MSCI AGR PRO ETF	$2.2M	4.1%	+0%	—
8	$BGPUT	Bunge Global SA	$2.2M	—	-78%	54.3
9	$ADM	Archer-Daniels-Midland Co	$1.8M	3.4%	-5%	50.5
10	—	VANECK ETF TRUST - GOLD MINERS ETF	$1.8M	3.3%	-10%	—
11	—	SELECT SECTOR SPDR TR - ST STR INDL ETF	$1.7M	3.1%	+41%	—
12	$TG	TREDEGAR CORP	$1.1M	2.1%	NEW	—
13	—	ISHARES INC - MSCI AUST ETF	$1.1M	2.1%	+0%	—
14	—	VANECK ETF TRUST - JUNIOR GOLD MINE	$982,500	—	NEW	—
15	—	ISHARES TR - EXPND TEC SC ETF	$981,480	1.8%	+0%	—
16	$WCC	WESCO INTERNATIONAL INC	$933,006	1.7%	-21%	48.4
17	$SGHCCALL	Super Group (SGHC) Ltd	$783,190	—	+0%	—
18	$SWKS	SKYWORKS SOLUTIONS, INC.	$780,378	1.4%	NEW	48.2
19	—	FIRST TR EXCHANGE TRADED FD - RBA INDL ETF	$579,238	1.1%	+0%	—
20	$SII	SPROTT INC.	$315,540	0.6%	-84%	—
21	—	VANECK ETF TRUST - AGRIBUSINESS ETF	$254,311	0.5%	-98%	—