Spruce Point Capital Management

A New York-based investment management firm focused on short-selling, value and special situation investment opportunities.

About Us

Founded in 2009 by Ben Axler, Spruce Point Capital Management conducts in-depth fundamental research focused on forensic accounting analysis and takes an activist approach to investing.

14+

Years exposing corporate and Wall Street greed

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100+

Companies exposed through Spruce Point’s research reports

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50+

CEOs and CFOs have resigned or been replaced following Spruce Point’s reports

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RESEARCH

Our Featured Research

Spruce Point regularly releases new forensic short reports on companies across a diverse range of industries, market capitalizations and geographies.

Intuit Inc.
Sep 20, 2024

Intuit Inc.

NASDAQ:
INTU
INDEX:
S&P 500
Sector:
Technology
Position:
Short
View Report
Zebra Technologies Corp.
Aug 8, 2024

Zebra Technologies Corp.

NASDAQ:
ZBRA
INDEX:
S&P 500
Sector:
Technology
Position:
Short
View Report
Floor & Decor
Jul 1, 2024

Floor & Decor

NYSE:
FND
INDEX:
S&P 500
Sector:
Consumer Discretionary
Position:
Short
View Report
Boot Barn Holdings Inc.
May 8, 2024

Boot Barn Holdings Inc.

NYSE:
BOOT
INDEX:
S&P 500
Sector:
Consumer Discretionary
Position:
Short
View Report
Newsroom

Featured News

Here Are the Manager Finalists for the 2023 Hedge Fund Industry Awards
Mar 13, 2023

Here Are the Manager Finalists for the 2023 Hedge Fund Industry Awards

Institutional Investor

There were plenty of losers in 2022, as stocks plummeted and bond markets broke down in the face of rising interest rates.

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This Top Short-Seller Still Sees Huge Opportunities Despite The Market
Nov 9, 2022

This Top Short-Seller Still Sees Huge Opportunities Despite The Market

Forbes

The industrial sector rallied almost 14% in October, but short-sellers quickly increased their bets against the sector as prices rose. According to S&P Global Market Intelligence, investors boosted short interest in the sector to 3.08%. However, one well-known short-seller prefers consumer discretionary stocks over industrial names.

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Spruce Point Gains in a Big Year for Short Sellers
Jan 24, 2022

Spruce Point Gains in a Big Year for Short Sellers

Institutional Investor

Activist short seller Spruce Point Capital Management bested the market downturn last year with a gain of 7.4 percent, according to a yearend letter to investors that Institutional Investor has received.

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Short Activist Spruce Point Soars in Turbulent Year for Short Sellers
Jan 10, 2022

Short Activist Spruce Point Soars in Turbulent Year for Short Sellers

Institutional Investor

Despite all the public outcry against short sellers, a number of them survived 2021 just fine. A case in point is Ben Axler’s Spruce Point Capital, whose flagship hedge funds gained 21.4 percent on a net basis, according to a letter to investors.

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