In this study, a miniaturized full-color holographic reconstruction system that uses a single spatial light modulator to achieve full-color image reconstruction was developed. The reconstruction system uses a single light guide for light combination and is therefore less voluminous than conventional reconstruction systems. The experimental results demonstrated that the system had a full-color display, corrected light combination, and eliminated zero-order light. The vibrations of the light guide disrupted the temporal coherence of the laser beam, thus ensuring that the speckle in the reconstructed image was almost imperceptible to the human eye.