Black Maple Capital Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Black Maple Capital Management LP disclosed 76 US equity positions worth $138.0m in its Q3 2025 13F filing. The largest position was SPY at 20.4% of the reported book, followed by AR and PINNACLE FINL PARTNERS INC. Against the Q2 2025 filing, it opened 8 new positions, added to 16 and reduced 17 among the top 50 holdings.
What did Black Maple Capital Management LP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF TR | 20.4% | $28.2m | 42,283 | -3% | reduced | |
| 2 | AR ANTERO RESOURCES CORP | Energy | 8.4% | $11.6m | 346,666 | 88% | added |
| 3 | PINNACLE FINL PARTNERS INC | 5.4% | $7.5m | 79,637 | – | new | |
| 4 | RSP INVESCO EXCHANGE TRADED FD T | 5.0% | $6.8m | 36,050 | 53% | added | |
| 5 | USB US BANCORP DEL | Financial Services | 4.6% | $6.4m | 131,450 | 1778% | added |
| 6 | EQT EQT CORP | Energy | 3.5% | $4.9m | 89,343 | – | new |
| 7 | ETNBGBP 89BIO INC | 3.4% | $4.7m | 321,616 | – | new | |
| 8 | WAL WESTERN ALLIANCE BANCORP | Financial Services | 3.4% | $4.7m | 54,492 | -21% | reduced |
| 9 | MBIN MERCHANTS BANCORP IND | 3.0% | $4.1m | 129,097 | 28% | added | |
| 10 | EXE EXPAND ENERGY CORPORATION | Energy | 2.7% | $3.7m | 34,941 | – | new |
| 11 | UBER UBER TECHNOLOGIES INC | Technology | 2.5% | $3.4m | 35,000 | 900% | added |
| 12 | META META PLATFORMS INC | Communication Services | 2.3% | $3.2m | 4,370 | 0% | held |
| 13 | EWJ ISHARES INC | 2.3% | $3.1m | 39,159 | 0% | held | |
| 14 | COLB COLUMBIA BKG SYS INC | Financial Services | 2.1% | $2.9m | 110,760 | -21% | reduced |
| 15 | EWU ISHARES TR | 1.6% | $2.1m | 51,210 | -16% | reduced | |
| 16 | MU MICRON TECHNOLOGY INC | Technology | 1.5% | $2.1m | 12,700 | 9% | added |
| 17 | FEZ SPDR INDEX SHS FDS | 1.4% | $2.0m | 31,800 | 0% | held | |
| 18 | KRANESHARES TRUST | 1.3% | $1.8m | 105,517 | 35% | added | |
| 19 | CHICAGO ATLANTIC BDC INC | 1.2% | $1.6m | 156,596 | -15% | reduced | |
| 20 | BANC BANC OF CALIFORNIA INC | Financial Services | 1.2% | $1.6m | 96,269 | -79% | reduced |
| 21 | LNSR LENSAR INC | 1.1% | $1.4m | 117,340 | 8% | added | |
| 22 | BUR BURFORD CAP LTD | Financial Services | 1.0% | $1.4m | 120,462 | -53% | reduced |
| 23 | XLC SELECT SECTOR SPDR TR | 0.9% | $1.3m | 10,970 | 0% | held | |
| 24 | INDA ISHARES TR | 0.9% | $1.2m | 23,000 | 53% | added | |
| 25 | NECB NORTHEAST CMNTY BANCORP INC | 0.8% | $1.1m | 55,147 | -16% | reduced | |
| 26 | SYU1 SYNOVUS FINL CORP | 0.8% | $1.1m | 22,800 | – | new | |
| 27 | INTC INTEL CORP | Technology | 0.8% | $1.1m | 32,000 | 220% | added |
| 28 | CMA COMERICA INC | 0.7% | $1.0m | 14,800 | -74% | reduced | |
| 29 | EIDO ISHARES TR | 0.7% | $1.0m | 57,104 | 10% | added | |
| 30 | XME SPDR SERIES TRUST | 0.7% | $978.5k | 10,500 | 0% | held | |
| 31 | GOOG ALPHABET INC | Communication Services | 0.7% | $974.2k | 4,000 | 0% | held |
| 32 | GOOGL ALPHABET INC | Communication Services | 0.7% | $972.4k | 4,000 | 0% | held |
| 33 | IEF ISHARES TR | 0.7% | $964.6k | 10,000 | -84% | reduced | |
| 34 | FNWD FINWARD BANCORP | 0.7% | $962.7k | 30,000 | 0% | held | |
| 35 | HBAN HUNTINGTON BANCSHARES INC | Financial Services | 0.7% | $920.5k | 53,300 | – | new |
| 36 | DDI DOUBLEDOWN INTERACTIVE CO LT | 0.7% | $919.5k | 98,444 | 97% | added | |
| 37 | OSBC OLD SECOND BANCORP INC ILL | Financial Services | 0.7% | $907.5k | 52,500 | 11% | added |
| 38 | MRVL MARVELL TECHNOLOGY INC | Technology | 0.6% | $891.1k | 10,600 | -21% | reduced |
| 39 | NXE NEXGEN ENERGY LTD | Energy | 0.6% | $771.5k | 86,200 | -5% | reduced |
| 40 | NVO NOVO-NORDISK A S | Healthcare | 0.5% | $665.8k | 11,999 | – | new |
| 41 | XLK SELECT SECTOR SPDR TR | 0.5% | $637.0k | 2,260 | 0% | held | |
| 42 | MDY SPDR S&P MIDCAP 400 ETF TR | 0.4% | $596.0k | 1,000 | -67% | reduced | |
| 43 | LYFT LYFT INC | Technology | 0.4% | $573.1k | 26,039 | -28% | reduced |
| 44 | KRE SPDR SERIES TRUST | 0.4% | $538.0k | 8,500 | -19% | reduced | |
| 45 | SYF SYNCHRONY FINANCIAL | Financial Services | 0.4% | $532.9k | 7,500 | – | new |
| 46 | FCX FREEPORT-MCMORAN INC | Basic Materials | 0.3% | $470.6k | 12,000 | -37% | reduced |
| 47 | ADBE ADOBE INC | Technology | 0.3% | $458.6k | 1,300 | 24% | added |
| 48 | ISHARES TR | 0.3% | $450.4k | 20,000 | 60% | added | |
| 49 | ISHARES TR | 0.3% | $447.7k | 20,000 | 100% | added | |
| 50 | DHC DIVERSIFIED HEALTHCARE TR | 0.3% | $433.5k | 98,300 | -48% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.