Black Maple Capital Management LP
MILWAUKEE, WI
$149m in 82 US stocks at the end of 30 June 2026. The top 10 are 62.2% of the money. It changed about 19.8% of the portfolio this quarter.
Value
$149m
Stocks
82
Top 10 share
62.2%
Turnover
19.8%
What changed this quarter
New
Bought for the first time this quarter.
- Truist FinancialTFC4.4% of the fund
- Sable OffshoreSOC0.6% of the fund
- AlphabetGOOG0.5% of the fund
- NXP SemiconductorsNXPI0.2% of the fund
- CitigroupC0.2% of the fund
- TelesatTSAT0.2% of the fund
- Service Properties TrustSVC0.2% of the fund
- Blue Owl Technology FinanceOTF0.2% of the fund
- Carlyle Secured LendingCGBD0.1% of the fund
- Investcorp Credit Management BDCICMB0.1% of the fund
- Eastern BanksharesEBC0.1% of the fund
- PennantPark Floating Rate CapitalPFLT0.1% of the fund
- Ishares TREIDO0.1% of the fund
- Apollo Commercial Real Estate FinanceARI0.1% of the fund
- SLR InvestmentSLRC<0.1% of the fund
- Eos Energy EnterprisesEOSE<0.1% of the fund
Added
Bought more of a stock they already held.
- Expand EnergyEXE7.8% of the fund+87%
- BroadcomAVGO4.4% of the fund+648%
- Uber TechnologiesUBER3.5% of the fund+38%
- Capital One FinancialCOF2.4% of the fund+40%
- MicrosoftMSFT2.4% of the fund+36%
- Firstsun Capital BancorpFSUN1.8% of the fund+734%
- Wells Fargo & CompanyWFC1.8% of the fund+276%
- AlphabetGOOGL0.9% of the fund+9%
- Amazon.comAMZN0.8% of the fund+60%
- Ishares TRFXI0.7% of the fund+55%
- Vaneck ETF TrustGDX0.4% of the fund+13%
- Ishares TRIBTI0.4% of the fund+17%
- Elme CommunitiesELME0.3% of the fund+17%
- Goldman Sachs BDCGSBD0.2% of the fund+50%
- Oaktree Specialty LendingOCSL0.1% of the fund+75%
Cut
Sold some of their stake.
- Pinnacle Financial PartnersPNFP5.1% of the fund-11%
- Alaska Air GroupALK4.7% of the fund-23%
- Invesco Exchange Traded FD TRSP4.1% of the fund-15%
- IsharesEWY2.2% of the fund-8%
- Western Alliance BancorporationWAL2.0% of the fund-57%
- Ishares TREWU1.3% of the fund-24%
- DoubleDown InteractiveDDI1.2% of the fund-4%
- Banc of CaliforniaBANC0.5% of the fund-85%
- ComstockLODE0.5% of the fund-50%
- Duos Technologies GroupDUOT0.3% of the fund-39%
- Finward BancorpFNWD0.3% of the fund-17%
- US BancorpUSB0.3% of the fund-13%
- Infinity Natural ResourcesINR0.2% of the fund-21%
- Advanced Flower CapitalAFCG0.2% of the fund-17%
- Old Second BancorpOSBC0.2% of the fund-69%
- Poet TechnologiesPOET0.1% of the fund-65%
- Sigma LithiumSGML<0.1% of the fund-18%
- Burford CapitalBUR<0.1% of the fund-48%
Sold out
Sold their entire stake.
- Bank of AmericaBAC-100%
- Synchrony FinancialSYF-100%
- Meta PlatformsMETA-100%
- LyftLYFT-100%
- Marvell TechnologyMRVL-100%
- Alerus FinancialALRS-100%
- Healthpeak PropertiesDOC-100%
- First BuseyBUSE-100%
- LensarLNSR-100%
- FVCBankcorpFVCB-100%
- First Financial BancorpFFBC-100%
- Security National FinancialSNFCA-100%
- Micron TechnologyMU-100%
- BitfarmsBITF-100%
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 21.0%
- Value
- $31m
- Shares
- 42,006
Held
- Invesco Exchange Traded FD TRSP
- Share
- 4.1%
- Value
- $6m
- Shares
- 28,900
-15%
- IsharesEWY
- Share
- 2.2%
- Value
- $3m
- Shares
- 16,500
-8%
- Kraneshares TrustKCCA
- Share
- 1.6%
- Value
- $2m
- Shares
- 140,517
Held
- Spdr Index SHS FDSFEZ
- Share
- 1.5%
- Value
- $2m
- Shares
- 31,800
Held
- Ishares TREWU
- Share
- 1.3%
- Value
- $2m
- Shares
- 42,230
-24%
- IsharesEWJ
- Share
- 1.3%
- Value
- $2m
- Shares
- 20,659
Held
- Select Sector Spdr TRXLF
- Share
- 1.3%
- Value
- $2m
- Shares
- 35,000
Held
- Vaneck ETF TrustSMH
- Share
- 0.9%
- Value
- $1m
- Shares
- 2,000
Held
- Select Sector Spdr TRXLC
- Share
- 0.8%
- Value
- $1m
- Shares
- 10,970
Held
- Ishares TRFXI
- Share
- 0.7%
- Value
- $1m
- Shares
- 34,000
+55%
- State STR Spdr S&P Midcap 40MDY
- Share
- 0.7%
- Value
- $1m
- Shares
- 1,500
Held
- Ishares TRINDA
- Share
- 0.7%
- Value
- $1m
- Shares
- 20,300
Held
- Select Sector Spdr TRXLK
- Share
- 0.6%
- Value
- $861,150
- Shares
- 4,520
Held
- Spdr Series TrustXME
- Share
- 0.4%
- Value
- $641,580
- Shares
- 6,000
Held
- Vaneck ETF TrustGDX
- Share
- 0.4%
- Value
- $641,325
- Shares
- 8,500
+13%
- Ishares TRIBTI
- Share
- 0.4%
- Value
- $603,315
- Shares
- 27,250
+17%
- Spdr Series TrustKRE
- Share
- 0.4%
- Value
- $598,800
- Shares
- 8,000
Held
- NexGen EnergyNXE
- Share
- 0.3%
- Value
- $469,500
- Shares
- 50,000
Held
- Ishares TRIBTH
- Share
- 0.3%
- Value
- $447,400
- Shares
- 20,000
Held
- Ishares TRIBTJ
- Share
- 0.3%
- Value
- $378,875
- Shares
- 17,500
Held
- Spdr Gold TRGLD
- Share
- 0.2%
- Value
- $368,380
- Shares
- 1,000
Held
- IsharesEWP
- Share
- 0.2%
- Value
- $356,340
- Shares
- 6,000
Held
- Advisorshares TRMSOS
- Share
- 0.2%
- Value
- $330,200
- Shares
- 65,000
Held
- Kraneshares TrustKWEB
- Share
- 0.2%
- Value
- $269,170
- Shares
- 11,000
Held
- Ishares TRIGSB
- Share
- 0.2%
- Value
- $262,050
- Shares
- 5,000
Held
- Ishares TREIDO
- Share
- 0.1%
- Value
- $169,650
- Shares
- 15,000
New
- Ishares Ethereum TRETHA
- Share
- 0.1%
- Value
- $154,570
- Shares
- 13,000
Held
- Sigma LithiumSGML
- Share
- <0.1%
- Value
- $149,093
- Shares
- 11,786
-18%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | 21.0% | $31m | 42,006 | Held |
| Expand EnergyEXE | 7.8% | $12m | 127,578 | +87% |
| Pinnacle Financial PartnersPNFP | 5.1% | $8m | 75,834 | -11% |
| Huntington BancsharesHBAN | 4.7% | $7m | 395,356 | Held |
| Alaska Air GroupALK | 4.7% | $7m | 133,000 | -23% |
| Truist FinancialTFC | 4.4% | $7m | 133,000 | New |
| BroadcomAVGO | 4.4% | $6m | 17,172 | +648% |
| Invesco Exchange Traded FD TRSP | 4.1% | $6m | 28,900 | -15% |
| Uber TechnologiesUBER | 3.5% | $5m | 71,642 | +38% |
| Capital One FinancialCOF | 2.4% | $4m | 18,100 | +40% |
| MicrosoftMSFT | 2.4% | $4m | 9,656 | +36% |
| IsharesEWY | 2.2% | $3m | 16,500 | -8% |
| Western Alliance BancorporationWAL | 2.0% | $3m | 36,079 | -57% |
| Firstsun Capital BancorpFSUN | 1.8% | $3m | 69,544 | +734% |
| Wells Fargo & CompanyWFC | 1.8% | $3m | 32,000 | +276% |
| Kraneshares TrustKCCA | 1.6% | $2m | 140,517 | Held |
| Spdr Index SHS FDSFEZ | 1.5% | $2m | 31,800 | Held |
| Ishares TREWU | 1.3% | $2m | 42,230 | -24% |
| IsharesEWJ | 1.3% | $2m | 20,659 | Held |
| Select Sector Spdr TRXLF | 1.3% | $2m | 35,000 | Held |
| DoubleDown InteractiveDDI | 1.2% | $2m | 155,556 | -4% |
| OracleORCL | 1.0% | $2m | 10,350 | Held |
| AlphabetGOOGL | 0.9% | $1m | 3,800 | +9% |
| Vaneck ETF TrustSMH | 0.9% | $1m | 2,000 | Held |
| Chicago Atlantic BDCLIEN | 0.9% | $1m | 130,920 | Held |
| Amazon.comAMZN | 0.8% | $1m | 5,163 | +60% |
| Select Sector Spdr TRXLC | 0.8% | $1m | 10,970 | Held |
| Ishares TRFXI | 0.7% | $1m | 34,000 | +55% |
| State STR Spdr S&P Midcap 40MDY | 0.7% | $1m | 1,500 | Held |
| Ishares TRINDA | 0.7% | $1m | 20,300 | Held |
| Sable OffshoreSOC | 0.6% | $912,025 | 296,112 | New |
| Select Sector Spdr TRXLK | 0.6% | $861,150 | 4,520 | Held |
| Banc of CaliforniaBANC | 0.5% | $747,411 | 36,584 | -85% |
| AlphabetGOOG | 0.5% | $706,660 | 2,000 | New |
| ComstockLODE | 0.5% | $679,486 | 163,338 | -50% |
| Spdr Series TrustXME | 0.4% | $641,580 | 6,000 | Held |
| Vaneck ETF TrustGDX | 0.4% | $641,325 | 8,500 | +13% |
| Ishares TRIBTI | 0.4% | $603,315 | 27,250 | +17% |
| Spdr Series TrustKRE | 0.4% | $598,800 | 8,000 | Held |
| Duos Technologies GroupDUOT | 0.3% | $470,016 | 39,168 | -39% |
| NexGen EnergyNXE | 0.3% | $469,500 | 50,000 | Held |
| Elme CommunitiesELME | 0.3% | $465,655 | 314,632 | +17% |
| Finward BancorpFNWD | 0.3% | $448,606 | 12,197 | -17% |
| Ishares TRIBTH | 0.3% | $447,400 | 20,000 | Held |
| RayonierRYN | 0.3% | $425,600 | 20,000 | Held |
| US BancorpUSB | 0.3% | $422,800 | 7,000 | -13% |
| Community Healthcare TrustCHCT | 0.3% | $406,876 | 22,258 | Held |
| Ishares TRIBTJ | 0.3% | $378,875 | 17,500 | Held |
| Star HoldingsSTHO | 0.3% | $374,056 | 40,970 | Held |
| Spdr Gold TRGLD | 0.2% | $368,380 | 1,000 | Held |
| IsharesEWP | 0.2% | $356,340 | 6,000 | Held |
| Goldman Sachs BDCGSBD | 0.2% | $355,500 | 37,500 | +50% |
| NXP SemiconductorsNXPI | 0.2% | $337,236 | 1,200 | New |
| Advisorshares TRMSOS | 0.2% | $330,200 | 65,000 | Held |
| TeslaTSLA | 0.2% | $330,171 | 785 | Held |
| Infinity Natural ResourcesINR | 0.2% | $307,264 | 24,194 | -21% |
| Advanced Flower CapitalAFCG | 0.2% | $285,606 | 92,131 | -17% |
| CitigroupC | 0.2% | $279,920 | 2,000 | New |
| Old Second BancorpOSBC | 0.2% | $279,840 | 12,000 | -69% |
| TelesatTSAT | 0.2% | $279,220 | 5,516 | New |
| Princeton BancorpBPRN | 0.2% | $270,166 | 7,119 | Held |
| Kraneshares TrustKWEB | 0.2% | $269,170 | 11,000 | Held |
| Service Properties TrustSVC | 0.2% | $263,226 | 155,755 | New |
| Ishares TRIGSB | 0.2% | $262,050 | 5,000 | Held |
| Blue Owl Technology FinanceOTF | 0.2% | $258,750 | 25,000 | New |
| Carlyle Secured LendingCGBD | 0.1% | $210,600 | 20,000 | New |
| Oaktree Specialty LendingOCSL | 0.1% | $208,950 | 17,500 | +75% |
| Investcorp Credit Management BDCICMB | 0.1% | $201,977 | 172,630 | New |
| Eastern BanksharesEBC | 0.1% | $200,160 | 9,000 | New |
| PennantPark Floating Rate CapitalPFLT | 0.1% | $187,000 | 25,000 | New |
| Ishares TREIDO | 0.1% | $169,650 | 15,000 | New |
| Lithium Argentina AGLAR | 0.1% | $166,980 | 20,191 | Held |
| Poet TechnologiesPOET | 0.1% | $164,480 | 16,000 | -65% |
| Apollo Commercial Real Estate FinanceARI | 0.1% | $160,200 | 15,000 | New |
| Ishares Ethereum TRETHA | 0.1% | $154,570 | 13,000 | Held |
| Morgan Stanley Direct Lending FundMSDL | 0.1% | $151,200 | 10,000 | Held |
| Sigma LithiumSGML | <0.1% | $149,093 | 11,786 | -18% |
| Kyndryl HoldingsKD | <0.1% | $135,720 | 12,000 | Held |
| SLR InvestmentSLRC | <0.1% | $123,700 | 10,000 | New |
| Burford CapitalBUR | <0.1% | $82,000 | 20,000 | -48% |
| SITE CentersSITC | <0.1% | $59,550 | 15,000 | Held |
| Eos Energy EnterprisesEOSE | <0.1% | $17,640 | 3,000 | New |
Options (12)
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $12m
- Contracts
- 16,700
- IsharesEWY
- Type
- Put
- Value
- $3m
- Contracts
- 15,000
- BroadcomAVGO
- Type
- Put
- Value
- $2m
- Contracts
- 6,500
- MicrosoftMSFT
- Type
- Put
- Value
- $2m
- Contracts
- 6,500
- Select Sector Spdr TRXLF
- Type
- Put
- Value
- $2m
- Contracts
- 35,000
- OracleORCL
- Type
- Put
- Value
- $1m
- Contracts
- 10,000
- Vaneck ETF TrustSMH
- Type
- Put
- Value
- $1m
- Contracts
- 2,000
- State STR Spdr S&P Midcap 40MDY
- Type
- Put
- Value
- $703,340
- Contracts
- 1,000
- Spdr Series TrustXME
- Type
- Put
- Value
- $641,580
- Contracts
- 6,000
- Vaneck ETF TrustGDX
- Type
- Put
- Value
- $490,425
- Contracts
- 6,500
- Eos Energy EnterprisesEOSE
- Type
- Call
- Value
- $88,200
- Contracts
- 15,000
- Ishares Ethereum TRETHA
- Type
- Put
- Value
- $65,395
- Contracts
- 5,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | Put | $12m | 16,700 |
| IsharesEWY | Put | $3m | 15,000 |
| BroadcomAVGO | Put | $2m | 6,500 |
| MicrosoftMSFT | Put | $2m | 6,500 |
| Select Sector Spdr TRXLF | Put | $2m | 35,000 |
| OracleORCL | Put | $1m | 10,000 |
| Vaneck ETF TrustSMH | Put | $1m | 2,000 |
| State STR Spdr S&P Midcap 40MDY | Put | $703,340 | 1,000 |
| Spdr Series TrustXME | Put | $641,580 | 6,000 |
| Vaneck ETF TrustGDX | Put | $490,425 | 6,500 |
| Eos Energy EnterprisesEOSE | Call | $88,200 | 15,000 |
| Ishares Ethereum TRETHA | Put | $65,395 | 5,500 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 3.1% since 30 June 2025.
Where the money is
Financial services24.1%
Technology9.7%
Energy8.6%
Industrials8.1%
Media & telecom1.6%
Real estate1.4%
Retail & consumer1.0%
Materials1.0%
Other44.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.