{ "crd_number": 288248, "slug": "spruce-point-capital-management-llc-riverhead-ny-288248", "primary_business_name": "SPRUCE POINT CAPITAL MANAGEMENT, LLC", "legal_name": "SPRUCE POINT CAPITAL MANAGEMENT, LLC", "dbas": [], "city": "Riverhead", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2019-04-12", "years_registered": 7, "period": "2026-10-01", "filing_date": "2026-03-19", "carried_forward": false, "raum_total": 262179127.0, "raum_discretionary": 262179127.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 3, "advisory_employees": 2, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 262179127.0, "count": 2 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "NY" ], "websites": [ "https://hvst.com/organization/spruce-point-capital-management", "https://instagram.com/sprucepointcap", "https://linkedin.com/in/ben-axler-a609b06", "https://reddit.com/user/sprucepointcap", "https://seekingalpha.com/author/ben-axler", "https://sprucepointcap.com", "https://sumzero.com", "https://twitter.com/sprucepointcap", "https://youtube.com/channel/UC9iY3qKASUkFnAhk9J11CdA" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288248", "city_as_filed": "RIVERHEAD", "url": "https://advisorcensus.com/firm/spruce-point-capital-management-llc-riverhead-ny-288248", "display_name": "Spruce Point Capital Management, LLC", "summary": "Spruce Point Capital Management, LLC is an SEC-registered investment advisory firm in Riverhead, NY, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 19, 2026.", "citation": "AdvisorCensus. Spruce Point Capital Management, LLC (CRD 288248): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Spruce Point Capital Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Spruce Point Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other." }, { "q": "How much does Spruce Point Capital Management, LLC charge?", "a": "Its Form ADV Part 2A brochure dated March 19, 2026 states: Asset-based fee: 0.95% to 2.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Spruce Point Capital Management, LLC located?", "a": "Spruce Point Capital Management, LLC's principal office is in Riverhead, NY, according to its Form ADV." }, { "q": "Is Spruce Point Capital Management, LLC registered with the SEC or a state?", "a": "Spruce Point Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 288248." }, { "q": "How much does Spruce Point Capital Management, LLC manage?", "a": "Spruce Point Capital Management, LLC reports $262,179,127 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (100% discretionary)." }, { "q": "How have Spruce Point Capital Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Spruce Point Capital Management, LLC: Regulatory assets under management: $204,977,456 in the October 2021 data and $262,179,127 in the October 2026 data, up 28%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Spruce Point Capital Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2)." }, { "q": "Does Spruce Point Capital Management, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/288248" }, { "q": "What changed in Spruce Point Capital Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $314,614,827 to $262,179,127 (-17%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 204977456.0, "total_employees": 4, "filing_date": "2021-04-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": 214336339.0, "total_employees": 2, "filing_date": "2022-03-03" }, { "period": "2023-10-01", "regulatory_assets_under_management": 273635643.0, "total_employees": 3, "filing_date": "2023-03-14" }, { "period": "2024-10-01", "regulatory_assets_under_management": 334548566.0, "total_employees": 3, "filing_date": "2024-02-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 314614827.0, "total_employees": 3, "filing_date": "2025-03-12" }, { "period": "2026-10-01", "regulatory_assets_under_management": 262179127.0, "total_employees": 3, "filing_date": "2026-03-19" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $314,614,827 to $262,179,127 (-17%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 19, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "0.95% to 2.5% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 0.95% to 2.5% a year (a range, as the brochure states it)" ], "quotes": [ "Depending on the Series of Interest of the relevant Fund, the Management Fee ranges from .95%-2.5% per annum." ] } ], "values": { "tiers": [], "range_pct": [ 0.95, 2.5 ], "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Depending on the Series of Interest of the relevant Fund, the Management Fee ranges from .95%-2.5% per annum." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/spruce-point-capital-management-llc-riverhead-ny-288248.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 2, "fewer_than_5": false, "raum": 262179127.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288248", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }