Black Maple Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Black Maple Capital Management LP disclosed 81 US equity positions worth $133.8m in its Q4 2025 13F filing. The largest position was SPY at 14.6% of the reported book, followed by WAL and PINNACLE FINL PARTNERS INC. Against the Q3 2025 filing, it opened 10 new positions, added to 16 and reduced 12 among the top 50 holdings.
What did Black Maple Capital Management LP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF TR | 14.6% | $19.5m | 28,583 | -32% | reduced | |
| 2 | WAL WESTERN ALLIANCE BANCORP | Financial Services | 7.0% | $9.3m | 110,776 | 103% | added |
| 3 | PINNACLE FINL PARTNERS INC | 5.6% | $7.5m | 78,559 | -1% | reduced | |
| 4 | HBAN HUNTINGTON BANCSHARES INC | Financial Services | 5.6% | $7.5m | 430,300 | 707% | added |
| 5 | RSP INVESCO EXCHANGE TRADED FD T | 5.0% | $6.7m | 35,050 | -3% | reduced | |
| 6 | NPDEUR OSISKO DEVELOPMENT CORP | 4.2% | $5.6m | 1,618,010 | – | new | |
| 7 | EQT EQT CORP | Energy | 3.9% | $5.3m | 98,039 | 10% | added |
| 8 | UBER UBER TECHNOLOGIES INC | Technology | 3.5% | $4.7m | 57,500 | 64% | added |
| 9 | OZK BANK OZK LITTLE ROCK ARK | Financial Services | 3.2% | $4.3m | 92,672 | 2217% | added |
| 10 | META META PLATFORMS INC | Communication Services | 2.9% | $3.9m | 5,920 | 35% | added |
| 11 | BANC BANC OF CALIFORNIA INC | Financial Services | 2.5% | $3.3m | 172,612 | 79% | added |
| 12 | EWJ ISHARES INC | 2.4% | $3.2m | 39,159 | 0% | held | |
| 13 | EOG EOG RES INC | Energy | 2.3% | $3.0m | 29,000 | – | new |
| 14 | EWU ISHARES TR | 2.2% | $3.0m | 67,610 | 32% | added | |
| 15 | ALK ALASKA AIR GROUP INC | Industrials | 2.1% | $2.8m | 56,500 | – | new |
| 16 | MBIN MERCHANTS BANCORP IND | 2.1% | $2.8m | 82,092 | -36% | reduced | |
| 17 | FEZ SPDR INDEX SHS FDS | 1.5% | $2.0m | 31,800 | 0% | held | |
| 18 | SYU1 SYNOVUS FINL CORP | 1.5% | $2.0m | 39,700 | 74% | added | |
| 19 | BAC BANK AMERICA CORP | Financial Services | 1.4% | $1.9m | 34,300 | – | new |
| 20 | KRANESHARES TRUST | 1.3% | $1.8m | 105,517 | 0% | held | |
| 21 | INDA ISHARES TR | 1.2% | $1.6m | 30,000 | 30% | added | |
| 22 | CHICAGO ATLANTIC BDC INC | 1.0% | $1.4m | 135,920 | -13% | reduced | |
| 23 | DDI DOUBLEDOWN INTERACTIVE CO LT | 1.0% | $1.4m | 161,768 | 64% | added | |
| 24 | LNSR LENSAR INC | 1.0% | $1.4m | 117,340 | 0% | held | |
| 25 | XLC SELECT SECTOR SPDR TR | 1.0% | $1.3m | 10,970 | 0% | held | |
| 26 | GOOG ALPHABET INC | Communication Services | 0.9% | $1.3m | 4,000 | 0% | held |
| 27 | GOOGL ALPHABET INC | Communication Services | 0.9% | $1.3m | 4,000 | 0% | held |
| 28 | MDY SPDR S&P MIDCAP 400 ETF TR | 0.9% | $1.2m | 2,000 | 100% | added | |
| 29 | XME SPDR SERIES TRUST | 0.8% | $1.1m | 10,500 | 0% | held | |
| 30 | EIDO ISHARES TR | 0.8% | $1.1m | 57,104 | 0% | held | |
| 31 | OSBC OLD SECOND BANCORP INC ILL | Financial Services | 0.7% | $955.5k | 49,000 | -7% | reduced |
| 32 | MRVL MARVELL TECHNOLOGY INC | Technology | 0.6% | $800.2k | 9,416 | -11% | reduced |
| 33 | FNWD FINWARD BANCORP | 0.6% | $747.5k | 21,242 | -29% | reduced | |
| 34 | AMZN AMAZON COM INC | Consumer Cyclical | 0.6% | $743.2k | 3,220 | – | new |
| 35 | NOG NORTHERN OIL & GAS INC | Energy | 0.5% | $721.4k | 33,600 | – | new |
| 36 | INR INFINITY NAT RES INC | 0.5% | $720.7k | 48,928 | – | new | |
| 37 | GDXJ VANECK ETF TRUST | 0.5% | $688.4k | 6,050 | – | new | |
| 38 | NECB NORTHEAST CMNTY BANCORP INC | 0.5% | $686.7k | 30,371 | -45% | reduced | |
| 39 | KRE SPDR SERIES TRUST | 0.5% | $680.5k | 10,500 | 24% | added | |
| 40 | SIMO SILICON MOTION TECHNOLOGY CO | Technology | 0.5% | $676.7k | 7,300 | – | new |
| 41 | XLK SELECT SECTOR SPDR TR | 0.5% | $650.7k | 4,520 | 100% | added | |
| 42 | ADBE ADOBE INC | Technology | 0.5% | $630.0k | 1,800 | 38% | added |
| 43 | FCX FREEPORT-MCMORAN INC | Basic Materials | 0.5% | $609.5k | 12,000 | 0% | held |
| 44 | NXE NEXGEN ENERGY LTD | Energy | 0.5% | $609.0k | 66,200 | -23% | reduced |
| 45 | AR ANTERO RESOURCES CORP | Energy | 0.4% | $554.8k | 16,100 | -95% | reduced |
| 46 | ALRS ALERUS FINL CORP | 0.4% | $553.5k | 24,576 | 124% | added | |
| 47 | ISHARES TR | 0.3% | $449.4k | 20,000 | 0% | held | |
| 48 | ISHARES TR | 0.3% | $447.3k | 20,000 | 0% | held | |
| 49 | GLD SPDR GOLD TR | 0.3% | $435.9k | 1,100 | – | new | |
| 50 | BUR BURFORD CAP LTD | Financial Services | 0.3% | $434.1k | 48,662 | -60% | 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.