Black Maple Capital Management LP
Sector Allocation
- Other38.4%$57.3M
- Financials30.1%$44.8M
- Technology14.6%$21.8M
- Energy8.6%$12.9M
- Industrials4.7%$6.9M
- Real Estate1.4%$2.2M
- Consumer Discretionary1.1%$1.6M
- Materials1.0%$1.5M
- Communication Services0.2%$279,220
AUM History
13fpro.ai/research/fund/black-maple-capital-management-lp-1588959
Conviction and streaks
Stable · top 10 = 62.2%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
SPY
$31.4MEXE
$11.6MPNFP
$7.7MHBAN
$7.0MALK
$6.9MTFC
$6.6MAVGO
$6.5MIVZ
$6.1MUBER
$5.2MCOF
$3.6MMSFT
$3.6M- ISHARES$3.3M
WAL
$3.0MFSUN
$2.7MWFC
$2.6M- KRANESHARES$2.4M
STT
$2.2M- ISHARES$1.9M
- ISHARES$1.9M
- SELECT$1.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/black-maple-capital-management-lp-1588959
Black Maple Capital Management LP 13F holdings — Q2 2026
$176.1M portfolio (-1.9% QoQ) · 94 holdings · Q2 2026 13F · top 10 are 62% of the stock portfolio
Includes $27.0M of put/call options ($26.9M puts, $88K calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $149.1M. Weights use the stock portfolio.
$31.4M
21.0% of stocks
+1%This quarter-1.4%Since filed9+ qtrsHeld$11.6M
7.8% of stocks
+87%This quarter-0.8%Since filed2 qtrsHeld$7.7M
5.1% of stocks
-11%This quarter-7.1%Since filed4 qtrsHeldAIQuality54.3#1,333Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$7.0M
4.7% of stocks
-0.6%This quarter-12.2%Since filed4 qtrsHeld$6.9M
4.7% of stocks
-23%This quarter-24.0%Since filed3 qtrsHeld$6.6M
4.4% of stocks
NewThis quarter-7.9%Since filedNew this quarterHeld$6.5M
4.3% of stocks
+648%This quarter-16.2%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$6.1M
4.1% of stocks
-15%This quarter-12.3%Since filed9+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$5.2M
3.5% of stocks
+38%This quarter-12.9%Since filed5 qtrsHeld$3.6M
2.4% of stocks
+40%This quarter-11.0%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — Black Maple Capital Management LP (Q2 2026)
94 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SPDR S&P 500 ETF TRUST | — | $12.5M | — | 17K | -65% | — | — | 13F | |
| 12 | MICROSOFT CORP | Technology | $3.6M | 2.4% | 9,656 | +36% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | — | ISHARES INC - MSCI STH KOR ETFetf/fund | — | $3.3M | 2.2% | 17K | -8% | — | — | 13F |
| 14 | — PUT | ISHARES INC - MSCI STH KOR ETF | — | $3.0M | — | 15K | — | — | — | 13F |
| 15 | WESTERN ALLIANCE BANCORPORATION | Financials | $3.0M | 2.0% | 36K | -57% | 9+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | FIRSTSUN CAPITAL BANCORP | Financials | $2.7M | 1.8% | 70K | +734% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | WELLS FARGO & COMPANY/MN | Financials | $2.6M | 1.8% | 32K | +276% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Broadcom Inc. | Technology | $2.5M | — | 6,500 | New | — | — | 13F | |
| 19 | MICROSOFT CORP | Technology | $2.4M | — | 6,500 | — | — | — | 13F | |
| 20 | — | KRANESHARES TRUST - CALIFORNIA CARB | — | $2.4M | 1.6% | 141K | — | — | — | 13F |
| 21 | STATE STREET CORPetf/fund | Financials | $2.2M | 1.5% | 32K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | — | ISHARES TR - MSCI UK ETF NEWetf/fund | — | $1.9M | 1.3% | 42K | -24% | — | — | 13F |
| 23 | — | ISHARES INC - MSCI JAPAN ETFetf/fund | — | $1.9M | 1.3% | 21K | — | — | — | 13F |
| 24 | — PUT | SELECT SECTOR SPDR TR - ST STR FINL ETF | — | $1.9M | — | 35K | — | — | — | 13F |
| 25 | — | SELECT SECTOR SPDR TR - ST STR FINL ETFetf/fund | — | $1.9M | 1.3% | 35K | — | — | — | 13F |
| 26 | $DDI | DoubleDown Interactive Co., Ltd. | Technology | $1.8M | 1.2% | 156K | -4% | |||
| 27 | $ORCL | ORACLE CORP | Technology | $1.5M | 1.0% | 10K | — | |||
| 28 | $ORCL PUT | ORACLE CORP | Technology | $1.5M | — | 10K | — | |||
| 29 | $GOOGL | Alphabet Inc. | Technology | $1.4M | 0.9% | 3,800 | +9% | |||
| 30 | — | VANECK ETF TRUST - SEMICONDUCTR ETF | — | $1.3M | 0.9% | 2,000 | — | |||
| 31 | — PUT | VANECK ETF TRUST - SEMICONDUCTR ETF | — | $1.3M | — | 2,000 | — | |||
| 32 | $LIEN | Chicago Atlantic BDC, Inc. | Other | $1.3M | 0.9% | 131K | — | |||
| 33 | $AMZN | AMAZON COM INC | Consumer Discretionary | $1.2M | 0.8% | 5,163 | +60% | |||
| 34 | — | SELECT SECTOR SPDR TR - ST STR SVC ETF | — | $1.2M | 0.8% | 11K | — | |||
| 35 | — | ISHARES TR - CHINA LG-CAP ETF | — | $1.1M | 0.7% | 34K | +55% | |||
| 36 | $MDY | SPDR S&P MIDCAP 400 ETF TRUST | — | $1.1M | 0.7% | 1,500 | — | |||
| 37 | — | ISHARES TR - MSCI INDIA ETF | — | $1.0M | 0.7% | 20K | — | |||
| 38 | $SOC | Sable Offshore Corp. | Energy | $912K | 0.6% | 296K | New | |||
| 39 | — | SELECT SECTOR SPDR TR - ST STR TECHN ETF | — | $861K | 0.6% | 4,520 | — | |||
| 40 | $BANC | BANC OF CALIFORNIA, INC. | Financials | $747K | 0.5% | 37K | -85% | |||
| 41 | $GOOG | Alphabet Inc. | Technology | $707K | 0.5% | 2,000 | New | |||
| 42 | $MDY PUT | SPDR S&P MIDCAP 400 ETF TRUST | — | $703K | — | 1,000 | — | |||
| 43 | $LODE | Comstock Inc. | Materials | $679K | 0.5% | 163K | -50% | |||
| 44 | — PUT | SPDR SERIES TRUST - ST STR SP METAL | — | $642K | — | 6,000 | — | |||
| 45 | — | SPDR SERIES TRUST - ST STR SP METAL | — | $642K | 0.4% | 6,000 | — | |||
| 46 | — | VANECK ETF TRUST - GOLD MINERS ETF | — | $641K | 0.4% | 8,500 | +13% | |||
| 47 | — | ISHARES TR - IBONDS 28 TRM TS | — | $603K | 0.4% | 27K | +17% | |||
| 48 | — | SPDR SERIES TRUST - ST STR SP REGBNK | — | $599K | 0.4% | 8,000 | — | |||
| 49 | — PUT | VANECK ETF TRUST - GOLD MINERS ETF | — | $490K | — | 6,500 | — | |||
| 50 | $DUOT | DUOS TECHNOLOGIES GROUP, INC. | Technology | $470K | 0.3% | 39K | -39% | |||
| 51 | $NXE | NexGen Energy Ltd. | Materials | $470K | 0.3% | 50K | — | |||
| 52 | $ELME | Elme Communities | Real Estate | $466K | 0.3% | 315K | +17% | |||
| 53 | $FNWD | Finward Bancorp | Financials | $449K | 0.3% | 12K | -17% | |||
| 54 | — | ISHARES TR - IBONDS 27 TRM TS | — | $447K | 0.3% | 20K | — | |||
| 55 | $RYN | RAYONIER INC | Real Estate | $426K | 0.3% | 20K | — | |||
| 56 | $USB | US BANCORP DE | Financials | $423K | 0.3% | 7,000 | -13% | |||
| 57 | $CHCT | Community Healthcare Trust Inc | Real Estate | $407K | 0.3% | 22K | — | |||
| 58 | — | ISHARES TR - IBONDS 29 TRM TS | — | $379K | 0.3% | 18K | — | |||
| 59 | $STHO | Star Holdings | Real Estate | $374K | 0.3% | 41K | — | |||
| 60 | $GLD | SPDR GOLD TRUST | Financials | $368K | 0.3% | 1,000 | — | |||
| 61 | — | ISHARES INC - MSCI SPAIN ETF | — | $356K | 0.2% | 6,000 | — | |||
| 62 | $GSBD | Goldman Sachs BDC, Inc. | Other | $356K | 0.2% | 38K | +50% | |||
| 63 | $NXPI | NXP Semiconductors N.V. | Technology | $337K | 0.2% | 1,200 | New | |||
| 64 | — | ADVISORSHARES TR - PURE US CANN ETF | — | $330K | 0.2% | 65K | — | |||
| 65 | $TSLA | Tesla, Inc. | Consumer Discretionary | $330K | 0.2% | 785 | — | |||
| 66 | $INR | INFINITY NATURAL RESOURCES, INC. | Energy | $307K | 0.2% | 24K | -21% | |||
| 67 | $AFCG | Advanced Flower Capital Inc. | Other | $286K | 0.2% | 92K | -17% | |||
| 68 | $C | CITIGROUP INC | Financials | $280K | 0.2% | 2,000 | New | |||
| 69 | $OSBC | OLD SECOND BANCORP INC | Financials | $280K | 0.2% | 12K | -69% | |||
| 70 | $TSAT | Telesat Corp | Communication Services | $279K | 0.2% | 5,516 | New | |||
| 71 | $BPRN | Princeton Bancorp, Inc. | Financials | $270K | 0.2% | 7,119 | +0.0% | |||
| 72 | — | KRANESHARES TRUST - CSI CHI INTERNET | — | $269K | 0.2% | 11K | — | |||
| 73 | $SVC | Service Properties Trust | Real Estate | $263K | 0.2% | 156K | New | |||
| 74 | — | ISHARES TR - ISHS 1-5YR INVS | — | $262K | 0.2% | 5,000 | — | |||
| 75 | $OTF | Blue Owl Technology Finance Corp. | Other | $259K | 0.2% | 25K | New | |||
| 76 | $CGBD | Carlyle Secured Lending, Inc. | Other | $211K | 0.1% | 20K | New | |||
| 77 | $OCSL | Oaktree Specialty Lending Corp | Other | $209K | 0.1% | 18K | +75% | |||
| 78 | $ICMB | Investcorp Credit Management BDC, Inc. | Other | $202K | 0.1% | 173K | New | |||
| 79 | $EBC | Eastern Bankshares, Inc. | Financials | $200K | 0.1% | 9,000 | New | |||
| 80 | $PFLA | PennantPark Floating Rate Capital Ltd. | Other | $187K | 0.1% | 25K | New | |||
| 81 | — | ISHARES TR - MSCI INDONIA ETF | — | $170K | 0.1% | 15K | New | |||
| 82 | $LAR | Lithium Argentina AG | Materials | $167K | 0.1% | 20K | — | |||
| 83 | $POET | POET TECHNOLOGIES INC. | Technology | $164K | 0.1% | 16K | -65% | |||
| 84 | $ARI | Apollo Commercial Real Estate Finance, Inc. | Real Estate | $160K | 0.1% | 15K | New | |||
| 85 | $ETHA | iShares Ethereum Trust ETF | Financials | $155K | 0.1% | 13K | — | |||
| 86 | $MSDL | Morgan Stanley Direct Lending Fund | Other | $151K | 0.1% | 10K | — | |||
| 87 | $SGML | Sigma Lithium Corp | Materials | $149K | 0.1% | 12K | -17% | |||
| 88 | $KD | Kyndryl Holdings, Inc. | Technology | $136K | 0.1% | 12K | — | |||
| 89 | $SLRC | SLR Investment Corp. | Other | $124K | 0.1% | 10K | New | |||
| 90 | $EOSE CALL | Eos Energy Enterprises, Inc. | Technology | $88K | — | 15K | New | |||
| 91 | $BUR | Burford Capital Ltd | Financials | $82K | 0.1% | 20K | -48% | |||
| 92 | $ETHA PUT | iShares Ethereum Trust ETF | Financials | $65K | — | 5,500 | — | |||
| 93 | $SITC | SITE Centers Corp. | Real Estate | $60K | 0.0% | 15K | — | |||
| 94 | $EOSE | Eos Energy Enterprises, Inc. | Technology | $18K | 0.0% | 3,000 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 17 new, 17 added to, 20 trimmed, 22 sold out. Share-count changes; largest moves by dollar size first.
New positions (17)
first bought this quarter
first bought this quarter
$SOCSable Offshore Corp.$912K
first bought this quarter
$NXPINXP Semiconductors N.V.$337K
first bought this quarter
$CCITIGROUP INC$280K
first bought this quarter
$TSATTelesat Corp$279K
first bought this quarter
+11 more in the Excel export
Added to (17)
now $6.5M · held 2 qtrs, 2 adds in a row
now $11.6M · held 2 qtrs, 2 adds in a row
now $2.7M · held 3 qtrs, 3 adds in a row
now $2.6M · held 2 qtrs, 2 adds in a row
now $5.2M · held 5 qtrs
now $3.6M · held 2 qtrs, 2 adds in a row
+11 more in the Excel export
Trimmed (20)
now $12.5M
$BANCBANC OF CALIFORNIA, INC.-85%
now $747K · held 9+ qtrs
now $3.0M · held 9+ qtrs, 2 trims in a row
now $6.9M · held 3 qtrs
now $6.1M · held 9+ qtrs, 3 trims in a row
now $7.7M · held 4 qtrs, 3 trims in a row
+14 more in the Excel export
Holdings by quarter
Every 13F Black Maple Capital Management LP has filed, 22 earlier quarters. Pick one to see what it held then.
Is it too late to follow Black Maple Capital Management?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Black Maple Capital Management's top 20 holdings: 70/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
-7.6%
Value-weighted move of the 10 largest stock positions
Turnover
20%
Last quarter; 122% over the last 4
Top 10 weight
62%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
56%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Black Maple Capital Management LP disclosed 94 positions worth $176.1M in its Form 13F-HR for Q2 2026 — $149.1M in common stock plus $27.0M of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) at 21.0% of the equity portfolio, followed by $EXE and $PNFP. During the quarter the fund opened 17 new positions and exited 22 — including a new stake in $TFC and a full exit from $BAC. The portfolio is most concentrated in Other (38.4% of disclosed assets). All figures are sourced directly from Black Maple Capital Management LP’s Form 13F-HR filing with the SEC under CIK 1588959.
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Every holding in Black Maple Capital Management LP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.