Spruce Point Capital Management, LLC Quant / Systematic

CIK: 0001731579 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $48,091 (100.0% shares, 0.0% debt)

Holdings (15)

New Positions (14)

QQQ INVESCO QQQ TR 17.9%

Value ($000) $8,600 Shares 14,000 Est. Cost $614.31 Unrealized —

REMX VANECK ETF TRUST 12.4%

Value ($000) $5,949 Shares 80,480 Est. Cost $73.92 Unrealized —

SPY SPDR S&P 500 ETF TR 8.5%

Value ($000) $4,092 Shares 6,000 Est. Cost $573.94 Unrealized —

EUFN ISHARES TR 8.3%

Value ($000) $3,983 Shares 107,400 Est. Cost $37.09 Unrealized —

IWM ISHARES TR 6.1%

Value ($000) $2,954 Shares 12,000 Est. Cost $246.16 Unrealized —

EWA ISHARES INC 5.4%

Value ($000) $2,619 Shares 100,000 Est. Cost $26.19 Unrealized —

EWA ISHARES INC 5.0%

Value ($000) $2,407 Shares 91,901 Est. Cost $26.19 Unrealized —

IGM ISHARES TR 4.1%

Value ($000) $1,963 Shares 15,200 Est. Cost $129.16 Unrealized —

IGV ISHARES TR 3.7%

Value ($000) $1,797 Shares 17,000 Est. Cost $105.69 Unrealized —

XLP SELECT SECTOR SPDR TR 3.6%

Value ($000) $1,709 Shares 22,000 Est. Cost $77.68 Unrealized —

URA GLOBAL X FDS 2.9%

Value ($000) $1,405 Shares 32,879 Est. Cost $42.73 Unrealized —

URNM SPROTT FDS TR 1.7%

Value ($000) $823 Shares 15,000 Est. Cost $54.89 Unrealized —

IYT ISHARES TR 1.3%

Value ($000) $633 Shares 8,500 Est. Cost $74.51 Unrealized —

AIRR FIRST TR EXCHANGE TRADED FD 0.9%

Value ($000) $427 Shares 4,347 Est. Cost $98.32 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	14,000	$8,600	17.9%	$614.31	—	UNIT SER 1	46090E103
REMX	VANECK ETF TRUST	80,480	$5,949	12.4%	$73.92	—	RARE EARTH AND S	92189H805
SPY	SPDR S&P 500 ETF TR	6,000	$4,092	8.5%	$573.94	—	PUT	78462F103
EUFN	ISHARES TR	107,400	$3,983	8.3%	$37.09	—	MSCI EURO FL ETF	464289180
IWM	ISHARES TR	12,000	$2,954	6.1%	$246.16	—	RUSSELL 2000 ETF	464287655
EWA	ISHARES INC	100,000	$2,619	5.4%	$26.19	—	CALL	464286103
EWA	ISHARES INC	91,901	$2,407	5.0%	$26.19	—	MSCI AUST ETF	464286103
IGM	ISHARES TR	15,200	$1,963	4.1%	$129.16	—	EXPND TEC SC ETF	464287549
IGV	ISHARES TR	17,000	$1,797	3.7%	$105.69	—	EXPANDED TECH	464287515
XLP	SELECT SECTOR SPDR TR	22,000	$1,709	3.6%	$77.68	—	STATE STREET CON	81369Y308
URA	GLOBAL X FDS	32,879	$1,405	2.9%	$42.73	—	GLOBAL X URANIUM	37954Y871
URNM	SPROTT FDS TR	15,000	$823	1.7%	$54.89	—	URANIUM MINERS E	85208P303
IYT	ISHARES TR	8,500	$633	1.3%	$74.51	—	US TRSPRTION	464287192
AIRR	FIRST TR EXCHANGE TRADED FD	4,347	$427	0.9%	$98.32	—	RBA INDL ETF	33738R704

Increased Positions (1)

SPY SPDR S&P 500 ETF TR 18.2%

Value ($000) $8,729 (+991.1%) Shares 12,800 (+300.0%) Est. Cost $573.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	12,800 (+300.0%)	$8,729 (+991.1%)	18.2%	$573.94	—	TR UNIT	78462F103

Exited Positions (1)

SCHD SCHWAB STRATEGIC TR 3.0%

Value ($000) $1,456 Shares 31,000 Est. Cost $46.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SCHD	SCHWAB STRATEGIC TR	31,000	$1,456	3.0%	$46.97	—	—	808524797