Institutional Manager · CIK 0001588959
Black Maple Capital Management LP
MILWAUKEE, WI · File #028-17355
Latest AUM
$142.9M
Positions
86
Top-10 Concentration
58.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | SPDR S&P 500 ETF TR | SPY | -55,917 | -$38.1M | +$1.3M |
| REDUCE | ANTERO RESOURCES CORP | AR | -330,566 | -$11.4M | +$311,999 |
| REDUCE | US BANCORP DEL | USB-PS | -123,450 | -$6.6M | +$661,194 |
| ADD | HUNTINGTON BANCSHARES INC | HBANZ | +377,000 | +$6.5M | +$4,264 |
| ADD | OSISKO DEVELOPMENT CORP | OSDVF | +1,505,310 | +$5.3M | +$11,270 |
| ADD | WESTERN ALLIANCE BANCORP | WAL-PA | +56,284 | +$4.7M | -$144,404 |
| EXITED | 89BIO INC | 282559103 | -321,616 | -$4.7M | $0 |
| ADD | BANK OZK LITTLE ROCK ARK | OZKAP | +88,672 | +$4.1M | -$19,840 |
| REDUCE | SPDR GOLD TR | GLD | -9,500 | -$3.8M | +$408,400 |
| EXITED | EXPAND ENERGY CORPORATION | 165167735 | -34,941 | -$3.7M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202586 pos · $142.9M
- 13F HOLDINGS REPORTQ/E Sep 202593 pos · $206.4M
- 13F HOLDINGS REPORTQ/E Jun 202597 pos · $222.7M
- 13F HOLDINGS REPORTQ/E Mar 202593 pos · $179.0M
- 13F HOLDINGS REPORTQ/E Dec 202488 pos · $190.2M
- 13F HOLDINGS REPORTQ/E Sep 202499 pos · $150.9M
- 13F HOLDINGS REPORTQ/E Jun 202495 pos · $153.0M
- 13F HOLDINGS REPORTQ/E Mar 2024106 pos · $163.3M
- 13F HOLDINGS REPORTQ/E Dec 2023108 pos · $147.4M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 28,583 | $19.5M | 14.62% |
| 2 | WESTERN ALLIANCE BANCORP | WAL-PA | 110,776 | $9.3M | 6.98% |
| 3 | SPDR S&P 500 ETF TR | SPY | 11,000 | $7.5M | 5.63% |
| 4 | PINNACLE FINL PARTNERS INC | 72346Q104 | 78,559 | $7.5M | 5.62% |
| 5 | HUNTINGTON BANCSHARES INC | HBANZ | 430,300 | $7.5M | 5.60% |
| 6 | INVESCO EXCHANGE TRADED FD T | IVZ | 35,050 | $6.7M | 5.04% |
| 7 | OSISKO DEVELOPMENT CORP | OSDVF | 1,618,010 | $5.6M | 4.23% |
| 8 | EQT CORP | EQT | 98,039 | $5.3M | 3.94% |
| 9 | UBER TECHNOLOGIES INC | UBER | 57,500 | $4.7M | 3.52% |
| 10 | BANK OZK LITTLE ROCK ARK | OZKAP | 92,672 | $4.3M | 3.20% |
| 11 | META PLATFORMS INC | META | 5,920 | $3.9M | 2.93% |
| 12 | BANC OF CALIFORNIA INC | BANC-PF | 172,612 | $3.3M | 2.50% |
| 13 | ISHARES INC | 46434G822 | 39,159 | $3.2M | 2.37% |
| 14 | EOG RES INC | EOG | 29,000 | $3.0M | 2.28% |
| 15 | ISHARES TR | 46435G334 | 67,610 | $3.0M | 2.23% |
| 16 | ALASKA AIR GROUP INC | ALK | 56,500 | $2.8M | 2.13% |
| 17 | MERCHANTS BANCORP IND | MBINN | 82,092 | $2.8M | 2.10% |
| 18 | SPDR INDEX SHS FDS | 78463X202 | 31,800 | $2.0M | 1.54% |
| 19 | SYNOVUS FINL CORP | 87161C501 | 39,700 | $2.0M | 1.49% |
| 20 | BANK AMERICA CORP | 060505104 | 34,300 | $1.9M | 1.41% |