Latest Black Maple Capital Management LP Stock Portfolio

Black Maple Capital Management LP Performance:

2025 Q4: 1.94%YTD: 6.82%2024: 1.31%

Performance for 2025 Q4 is 1.94%, and YTD is 6.82%, and 2024 is 1.31%.

About Black Maple Capital Management LP and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Black Maple Capital Management LP reported an equity portfolio of $142.9 Millions as of 31 Dec, 2025.

The top stock holdings of Black Maple Capital Management LP are SPY, WAL, PNFP. The fund has invested 13.6% of it's portfolio in SPDR S&P 500 ETF TR and 6.5% of portfolio in WESTERN ALLIANCE BANCORP.

The fund managers got completely rid off 89BIO INC (ETNB), EXPAND ENERGY CORPORATION (CHK) and COLUMBIA BKG SYS INC (COLB) stocks. They significantly reduced their stock positions in ANTERO RESOURCES CORP (AR), US BANCORP DEL (USB) and MICRON TECHNOLOGY INC (MU). Black Maple Capital Management LP opened new stock positions in OSISKO DEVELOPMENT CORP (ODV), EOG RES INC (EOG) and ALASKA AIR GROUP INC (ALK). The fund showed a lot of confidence in some stocks as they added substantially to BANK OZK LITTLE ROCK ARK, HUNTINGTON BANCSHARES INC (HBAN) and ALERUS FINL CORP (ALRS).

Black Maple Capital Management LP Annual Return Estimates Vs S&P 500

Our best estimate is that Black Maple Capital Management LP made a return of 1.94% in the last quarter. In trailing 12 months, it's portfolio return was 6.82%.

Performance
S&P 500

New Buys

Ticker	$ Bought
osisko development corp	5,646,860
eog res inc	3,045,290
alaska air group inc	2,841,950
bank america corp	1,886,500
amazon com inc	743,240
northern oil & gas inc	721,392
infinity nat res inc	720,709
vaneck etf trust	688,369

New stocks bought by Black Maple Capital Management LP

Additions

Ticker	% Inc.
bank ozk little rock ark	2,216
huntington bancshares inc	707
alerus finl corp	124
western alliance bancorp	103
spdr s&p midcap 400 etf tr	100
security natl finl corp	87.57
banc of california inc	79.3
synovus finl corp	74.12

Additions to existing portfolio by Black Maple Capital Management LP

Reductions

Ticker	% Reduced
antero resources corp	-95.36
us bancorp del	-93.91
micron technology inc	-92.13
diversified healthcare tr	-86.08
burford cap ltd	-59.6
select sector spdr tr	-50.00
northeast cmnty bancorp inc	-44.93
citizens cmnty bancorp inc m	-42.49

Black Maple Capital Management LP reduced stake in above stock

Sold off

Ticker	$ Sold
89bio inc	-4,727,760
columbia bkg sys inc	-2,850,960
bit digital inc	-150,000
expand energy corporation	-3,712,130
first fndtn inc	-169,501
spar group inc	-28,290
lyft inc	-573,118
comerica inc	-1,014,100

Black Maple Capital Management LP got rid off the above stocks

Sector Distribution

Black Maple Capital Management LP has about 44.6% of it's holdings in Others sector.

Sector	%
Others	44.6
Financial Services	29.3
Energy	7.5
Technology	5.4
Communication Services	4.8
Industrials	2.3
Healthcare	2.1
Utilities	2

Market Cap. Distribution

Black Maple Capital Management LP has about 32.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	44.6
LARGE-CAP	25.3
MID-CAP	15.8
MEGA-CAP	7.2
MICRO-CAP	3
SMALL-CAP	2.6
NANO-CAP	1.5

Stocks belong to which Index?

About 34.2% of the stocks held by Black Maple Capital Management LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	65.8
S&P 500	23.2
RUSSELL 2000	11

Top 5 Winners (%)		%
SGML	sigma lithium corporation	105.8 %
XLB	select sector spdr tr	74.2 %
	lithium argentina ag	56.0 %
MU	micron technology inc	38.1 %
FCX	freeport-mcmoran inc	29.5 %

Top 5 Winners ($)		$
XLB	select sector spdr tr	1.0 M
MU	micron technology inc	0.8 M
SPY	spdr s&p 500 etf tr	0.6 M
BANC	banc of california inc	0.4 M
USB	us bancorp del	0.4 M

Top 5 Losers (%)		%
SITC	site ctrs corp	-28.8 %
BUR	burford cap ltd	-17.8 %
BITF	bitfarms ltd	-16.0 %
UBER	uber technologies inc	-13.8 %
DELL	dell technologies inc	-11.2 %

Top 5 Losers ($)		$
UBER	uber technologies inc	-0.8 M
META	meta platforms inc	-0.4 M
BUR	burford cap ltd	-0.3 M
	bank ozk little rock ark	-0.2 M
WAL	western alliance bancorp	-0.2 M

Black Maple Capital Management LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Black Maple Capital Management LP

Black Maple Capital Management LP has 81 stocks in it's portfolio. About 52% of the portfolio is in top 10 stocks. UBER proved to be the most loss making stock for the portfolio. XLB was the most profitable stock for Black Maple Capital Management LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAXJ	ishares tr	0.18	5,000	264,400	unchanged	0.00

ACT	advisorshares tr	0.22	65,000	306,800	added	18.18

ACWV	ishares inc	0.23	6,000	323,460	reduced	-25.00

ADBE	adobe inc	0.44	1,800	629,982	added	38.46

AFK	vaneck etf trust	0.48	6,050	688,369	new

AGT	ishares tr	2.08	67,610	2,973,490	added	32.02

ALK	alaska air group inc	1.99	56,500	2,841,950	new

ALRS	alerus finl corp	0.39	24,576	553,452	added	124

AMPS	ishares tr	1.14	30,000	1,621,500	added	30.43

AMPS	ishares tr	0.75	57,104	1,067,840	unchanged	0.00

AMZN	amazon com inc	0.52	3,220	743,240	new

AR	antero resources corp	0.39	16,100	554,806	reduced	-95.36

ASC	ardmore shipping corp	0.07	10,000	105,900	unchanged	0.00

BAC	bank america corp	1.32	34,300	1,886,500	new

BANC	banc of california inc	2.33	172,612	3,329,680	added	79.3

BIL	spdr series trust	0.76	10,500	1,087,900	unchanged	0.00

BIL	spdr series trust	0.48	10,500	680,505	added	23.53

BITF	bitfarms ltd	0.05	33,000	77,550	added	10.00

BNDD	kraneshares trust	1.24	105,517	1,773,740	unchanged	0.00

BNDD	kraneshares trust	0.21	9,000	306,450	new