Q2 2026 13F · SEC CIK 1588959

Black Maple Capital Management LP

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $149.1M
Reported positions: 82
Top holdings a year, 3 yrs: +14.7%
Assets under management: $352.9M

Black Maple Capital Management LP is a hedge fund that reported 82 positions worth $149.1M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were State Str Spdr S&p 500 ETF T (SPY, 21.0%), Expand Energy Corporation (EXE, 7.8%), Pinnacle Finl Partners Inc (PNFP, 5.1%). A portfolio copying its top holdings returned 14.7% a year over the last 3 years, against 20.4% for the S&P 500.

Black Maple Capital Management LP holdings largest 50 of 82 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Black Maple Capital Management LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPYState Str Spdr S&p 500 ETF T	21.0%	20.7%	42,006	+1.3%	$31.4M
EXEExpand Energy Corporation	7.8%	5.8%	127,578	+86.5%	$11.6M
PNFPPinnacle Finl Partners Inc	5.1%	5.7%	75,834	-11.4%	$7.7M
HBANHuntington Bancshares Inc	4.7%	4.8%	395,356	-0.6%	$7.0M
ALKAlaska Air Group Inc	4.7%	4.9%	133,000	-22.9%	$6.9M
TFCTruist Finl Corp	4.4%	—	133,000	—	$6.6M
AVGOBroadcom Inc	4.4%	0.5%	17,172	+648.2%	$6.5M
RSPInvesco Exchange Traded Fd T	4.1%	5.0%	28,900	-15.1%	$6.1M
UBERUber Technologies Inc	3.5%	2.9%	71,642	+37.5%	$5.2M
COFCapital One Finl Corp	2.4%	1.8%	18,100	+40.3%	$3.6M
MSFTMicrosoft Corp	2.4%	2.0%	9,656	+35.9%	$3.6M
EWYIshares Inc	2.2%	1.7%	16,500	-8.3%	$3.3M
WALWestern Alliance Bancorp	2.0%	4.6%	36,079	-57.4%	$3.0M
FSUNFirstsun Cap Bancorp	1.8%	—	69,544	—	$2.7M
WFCWells Fargo & Co	1.8%	0.5%	32,000	+276.5%	$2.6M
KCCAKraneshares Trust	1.6%	1.6%	140,517	+0.0%	$2.4M
FEZSpdr Index Shs Fds	1.5%	1.5%	31,800	+0.0%	$2.2M
EWUIshares Tr	1.3%	2.0%	42,230	-24.5%	$1.9M
EWJIshares Inc	1.3%	1.3%	20,659	+0.0%	$1.9M
XLFSelect Sector Spdr Tr	1.3%	1.3%	35,000	+0.0%	$1.9M
DDIDoubledown Interactive Co Lt	1.2%	1.1%	155,556	-3.8%	$1.8M
ORCLOracle Corp	1.0%	1.2%	10,350	+0.0%	$1.5M
GOOGLAlphabet Inc	0.9%	0.8%	3,800	+8.6%	$1.4M
SMHVaneck ETF Trust	0.9%	0.6%	2,000	+0.0%	$1.3M
SSICChicago Atlantic Bdc Inc	0.9%	0.9%	130,920	+0.0%	$1.3M
AMZNAmazon Com Inc	0.8%	0.5%	5,163	+60.3%	$1.2M
XLCSelect Sector Spdr Tr	0.8%	0.9%	10,970	+0.0%	$1.2M
FXIIshares Tr	0.7%	0.6%	34,000	+54.5%	$1.1M
MDYState Str Spdr S&p Midcap 40	0.7%	0.7%	1,500	+0.0%	$1.1M
INDAIshares Tr	0.7%	0.7%	20,300	+0.0%	$1.0M
SOCSable Offshore Corp	0.6%	—	296,112	—	$912K
XLKSelect Sector Spdr Tr	0.6%	0.5%	4,520	+0.0%	$861K
BANCBanc of California Inc	0.5%	3.4%	36,584	-85.3%	$747K
GOOGAlphabet Inc	0.5%	—	2,000	—	$707K
LODEComstock Inc	0.5%	0.8%	163,338	-49.8%	$679K
XMESpdr Series Trust	0.4%	0.5%	6,000	+0.0%	$642K
GDXVaneck ETF Trust	0.4%	0.5%	8,500	+13.3%	$641K
IBTIIshares Ibonds Dec 2028 Term Treasury Et	0.4%	0.4%	27,250	+17.2%	$603K
KRESpdr Series Trust	0.4%	0.4%	8,000	+0.0%	$599K
DUOTDuos Technologies Group Inc	0.3%	0.3%	39,168	-38.5%	$470K
NXENexgen Energy Limited (canada)	0.3%	0.4%	50,000	+0.0%	$470K
WREElme Communities	0.3%	0.4%	314,632	+16.8%	$466K
FNWDFinward Bancorp	0.3%	0.4%	12,197	-16.9%	$449K
IBTHIshares Tr	0.3%	0.3%	20,000	+0.0%	$447K
RYNRayonier Incorporated REIT	0.3%	—	20,000	—	$426K
USBUS Bancorp	0.3%	0.3%	7,000	-12.5%	$423K
CHCTCommunity Healthcare Tr Inc	0.3%	—	22,258	—	$407K
IBTJIshares Ibonds Dec 2029 Term Treasury Et	0.3%	—	17,500	—	$379K
STHOStar Hldgs	0.3%	—	40,970	—	$374K
GLDSpdr Gold Tr	0.2%	0.3%	1,000	+0.0%	$368K

What Black Maple Capital Management LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

AVGO Broadcom Inc+648.2% shares
WFC Wells Fargo & Co+276.5% shares
EXE Expand Energy Corporation+86.5% shares
AMZN Amazon Com Inc+60.3% shares
FXI Ishares Tr+54.5% shares
COF Capital One Finl Corp+40.3% shares
UBER Uber Technologies Inc+37.5% shares
MSFT Microsoft Corp+35.9% shares

Reduced

BANC Banc of California Inc-85.3% shares
WAL Western Alliance Bancorp-57.4% shares
LODE Comstock Inc-49.8% shares
DUOT Duos Technologies Group Inc-38.5% shares
EWU Ishares Tr-24.5% shares
ALK Alaska Air Group Inc-22.9% shares
FNWD Finward Bancorp-16.9% shares
RSP Invesco Exchange Traded Fd T-15.1% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +20.9% /yr; S&P 500 +20.1%
3 years: +14.7% /yr; S&P 500 +20.4%
5 years: +11.4% /yr; S&P 500 +12.8%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$149.1M	82
Q1 2026	$130.2M	80
Q4 2025	$133.8M	81
Q3 2025	$138.0M	76
Q2 2025	$144.6M	86
Q1 2025	$127.4M	82
Q4 2024	$131.3M	81
Q3 2024	$132.8M	82
Q2 2024	$136.1M	86
Q1 2024	$150.0M	99
Q4 2023	$108.5M	85
Q3 2023	$110.8M	97

Questions about Black Maple Capital Management LP's portfolio

What stocks does Black Maple Capital Management LP own?

Black Maple Capital Management LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 82 positions worth $149.1M. The largest are State Str Spdr S&p 500 ETF T (SPY) at 21.0%, Expand Energy Corporation (EXE) at 7.8%, Pinnacle Finl Partners Inc (PNFP) at 5.1%, Huntington Bancshares Inc (HBAN) at 4.7% and Alaska Air Group Inc (ALK) at 4.7%.

What did Black Maple Capital Management LP buy last quarter?

In Q2 2026, Black Maple Capital Management LP added Broadcom Inc (AVGO) (+648.2% shares), Wells Fargo & Co (WFC) (+276.5% shares) and Expand Energy Corporation (EXE) (+86.5% shares), compared with its Q1 2026 filing.

What did Black Maple Capital Management LP sell last quarter?

In Q2 2026, Black Maple Capital Management LP cut from its top 50 Bank of Amer Corp (BAC), cut from its top 50 Synchrony Financial (SYF), cut from its top 50 Meta Platforms Inc (META), cut from its top 50 Old Second Bancorp Inc D (OSBC), cut from its top 50 Lyft Inc (LYFT), Banc of California Inc (BANC) (-85.3% shares), Western Alliance Bancorp (WAL) (-57.4% shares) and Comstock Inc (LODE) (-49.8% shares), compared with its Q1 2026 filing.

How has Black Maple Capital Management LP's portfolio performed?

A portfolio copying Black Maple Capital Management LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +20.9% against +20.1%. Over 5 years: +11.4% a year against +12.8%.

When is Black Maple Capital Management LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Black Maple Capital Management LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Black Maple Capital Management LP manage?

Black Maple Capital Management LP reported $352.9M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $149.1M.