Spruce Power Holding
SPRU on NYSE. Market value $30m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
None of the long-term investors we follow own it. 46 funds in all.
Largest holders overall
- Steel Partners Holdings L.P.$9mAdded
- JPMorgan Chase$2m
- Vanguard Capital Management$2mAdded
- BlackRock$674,324Added
- Renaissance Technologies$628,315Added
- Geode Capital Management$500,422Cut
- TWO Sigma Investments, LP$341,930Cut
- Vanguard Fiduciary Trust$264,633
- State Street$235,397
- GSA Capital Partners LLP$204,000Added
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- at least 18.1%+0.3 pts(filed with 7 related holders)Since 21 September 2026
What they said
On September 21, 2026, SP Strategic Holdings entered into a Stock Purchase Agreement (the "SPA") with Ja-Chin Audrey Lee pursuant to which SP Strategic Holdings agreed to purchase an aggregate of 52,780 Shares from Ms. Lee for total consideration of $107,671. The foregoing…
Read the filing - STEEL CONNECT SUB LLCPassive investor15.8%+1.8 ptsSince 20 November 2025
| Holder | Stake | Since | |
|---|---|---|---|
at least 18.1%+0.3 pts (filed with 7 related holders) | 21 September 2026 | What they saidOn September 21, 2026, SP Strategic Holdings entered into a Stock Purchase Agreement (the "SPA") with Ja-Chin Audrey Lee pursuant to which SP Strategic Holdings agreed to purchase an aggregate of 52,780 Shares from Ms. Lee for total consideration of $107,671. The foregoing… Read the filing | |
STEEL CONNECT SUB LLC Passive investor | 15.8%+1.8 pts | 20 November 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 2 sold $245,000.
- Norling Jonathan McWhinnieChief Legal OfficerSold
- Date
- 15 June 2026
- Shares
- 15,000
- Price
- $2.84
- Value
- $42,600
- Nagy McBane ClaraDirectorSold
- Date
- 15 December 2025
- Shares
- 40,000
- Price
- $5.06
- Value
- $202,400
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 15 June 2026 | Norling Jonathan McWhinnie Chief Legal Officer | Sold | 15,000 | $2.84 | $42,600 |
| 15 December 2025 | Nagy McBane Clara Director | Sold | 40,000 | $5.06 | $202,400 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Not checked yet. We haven’t read Spruce Power Holding’s annual report.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.