Arkolith/Funds/Black Maple Capital Management LP

Black Maple Capital Management LP

CIK 1588959Hedge fund
Holdings as of Jun 30, 2026·disclosed Aug 14, 2026·~45-day 13F lag·13F-HR
Active Filer

Black Maple Capital Management LP holds a focused book of 82 reported positions worth $149.1M as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter they opened Truist Financial Corp and trimmed Pinnacle Financial Partners. Their largest long position is SS SPDR S&P 500 ETF Trust-US at 21% of the reported non-option book. They also disclosed $26.9M in put options (a bearish bet) and $88K in call options (bullish), shown separately below and excluded from the non-option book. Cloning the disclosed picks since 2016 would be +500% (+18.5%/yr). That is a simulation of the disclosed long book, not audited returns.

Growth of $10,000: cloning the disclosed book

If you'd copied them
+500.1%
+18.5%/yr · since Feb '16
Their reported book
+393.7%
held from quarter-end
S&P 500
+377.5%
same window
$10K$23K$35K$48K$61KFeb '16Mar '18May '20Jun '22Aug '24Sep '26
Black Maple Capital Management LP (copied at disclosure) S&P 500

Following at the filing date actually beat the quarter-end book by 106.4 points over this window.

Growth of $10,000 cloning Black Maple Capital Management LP's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: focused book

Top 5 holdings
43%
Top 10 holdings
62%
Top 20 holdings
79%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Where the money is, by sector

56% mapped to company sectors

ETFs / funds
42%
Financials
24%
Information Technology
11%
Energy
9%
Industrials
8%
No sector on file yet
2%
Real Estate
1%
Consumer Discretionary
1%

+3 sectors below the cut, 1% together

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Black Maple Capital Management LP

Manager / fundShared namesTheir $ in those
Ehrenkranz Partners L.P.11 / 80$114.2M
Trust Asset Management LLC14 / 80$1.0B
Moment Partners, LLC12 / 80$323.9M
Sloy Dahl & Holst, LLC10 / 80$467.1M
Shulman DeMeo Asset Management LLC14 / 80$305.2M
Aspiring Ventures, LLC8 / 80$232.1M
CV Advisors LLC14 / 80$305.8M
Halter Ferguson Financial Inc.8 / 80$308.8M

Ranked by the share of each fund's own book sitting in the names it shares with Black Maple Capital Management LP: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

Bars show each position's share of the portfolio. Click a row for its position history.

82 positions
#SecurityValueShares% PortLast moveHistory
1State STR SPDR S&P 500 ETF T
TR UNIT
$31.4M42.0K
21.0%
+1.3%
Added · +522 sh
2Expand Energy Corporation
COM
$11.6M127.6K
7.8%
+87%
Added · +59K sh
3Pinnacle Finl Partners Inc
COM
$7.7M75.8K
5.1%
−11%
Reduced · −10K sh
4Huntington Bancshares Inc
COM
$7.0M395.4K
4.7%
−0.6%
Reduced · −2K sh
5Alaska Air Group Inc
COM
$6.9M133.0K
4.7%
−23%
Reduced · −40K sh
6Truist Finl Corp
COM
$6.6M133.0K
4.4%
New
New position
7Broadcom Inc
COM
$6.5M17.2K
4.4%
+648%
Added · +15K sh
8Invesco Exchange Traded FD T
S&P500 EQL WGT
$6.1M28.9K
4.1%
−15%
Reduced · −5K sh
9Uber Technologies Inc
COM
$5.2M71.6K
3.5%
+38%
Added · +20K sh
10Capital One Finl Corp
COM
$3.6M18.1K
2.4%
+40%
Added · +5K sh
11Microsoft Corp
COM
$3.6M9.7K
2.4%
+36%
Added · +3K sh
12Ishares Inc
MSCI STH KOR ETF
$3.3M16.5K
2.2%
−8.3%
Reduced · −2K sh
13Western Alliance Bancorp
COM
$3.0M36.1K
2.0%
−57%
Reduced · −49K sh
14Firstsun Cap Bancorp
COM
$2.7M69.5K
1.8%
+734%
Added · +61K sh
15Wells Fargo & Co
COM
$2.6M32.0K
1.8%
+276%
Added · +24K sh
16Kraneshares Trust
CALIFORNIA CARB
$2.4M140.5K
1.6%
Held
17SPDR Index SHS FDS
ST STR EU 50 ETF
$2.2M31.8K
1.5%
Held
18Ishares TR
MSCI UK ETF NEW
$1.9M42.2K
1.3%
−24%
Reduced · −14K sh
19Ishares Inc
MSCI JAPAN ETF
$1.9M20.7K
1.3%
Held
20Select Sector SPDR TR
ST STR FINL ETF
$1.9M35.0K
1.3%
Held
21Doubledown Interactive Co LT
ADS
$1.8M155.6K
1.2%
−3.8%
Reduced · −6K sh
22Oracle Corp
COM
$1.5M10.3K
1.0%
Held
23Alphabet Inc
CAP STK CL A
$1.4M3.8K
0.9%
+8.6%
Added · +300 sh
24Vaneck ETF Trust
SEMICONDUCTR ETF
$1.3M2.0K
0.9%
Held
25Chicago Atlantic BDC Inc
COM
$1.3M130.9K
0.9%
Held
26Amazon Com Inc
COM
$1.2M5.2K
0.8%
+60%
Added · +2K sh
27Select Sector SPDR TR
ST STR SVC ETF
$1.2M11.0K
0.8%
Held
28Ishares TR
CHINA LG-CAP ETF
$1.1M34.0K
0.7%
+55%
Added · +12K sh
29State STR SPDR S&P Midcap 40
UTSER1 S&PDCRP
$1.1M1.5K
0.7%
Held
30Ishares TR
MSCI INDIA ETF
$1.0M20.3K
0.7%
Held
31Sable Offshore Corp
COM SHS
$912K296.1K
0.6%
New
New position
32Select Sector SPDR TR
ST STR TECHN ETF
$861K4.5K
0.6%
Held
33Banc Of California Inc
COM
$747K36.6K
0.5%
−85%
Reduced · −213K sh
34Alphabet Inc
CAP STK CL C
$707K2.0K
0.5%
New
New position
35Comstock Inc
COM SHS
$679K163.3K
0.5%
−50%
Reduced · −162K sh
36SPDR Series Trust
ST STR SP METAL
$642K6.0K
0.4%
Held
37Vaneck ETF Trust
GOLD MINERS ETF
$641K8.5K
0.4%
+13%
Added · +1K sh
38Ishares TR
IBONDS 28 TRM TS
$603K27.3K
0.4%
+17%
Added · +4K sh
39SPDR Series Trust
ST STR SP REGBNK
$599K8.0K
0.4%
Held
40Duos Technologies Group Inc
COM
$470K39.2K
0.3%
−39%
Reduced · −25K sh
41Nexgen Energy Ltd
COM
$470K50.0K
0.3%
Held
42Elme Communities
SH BEN INT
$466K314.6K
0.3%
+17%
Added · +45K sh
43Finward Bancorp
COM
$449K12.2K
0.3%
−17%
Reduced · −2K sh
44Ishares TR
IBONDS 27 TRM TS
$447K20.0K
0.3%
Held
45Rayonier Inc
COM
$426K20.0K
0.3%
Held
46US Bancorp
COM NEW
$423K7.0K
0.3%
−13%
Reduced · −1K sh
47Community Healthcare TR Inc
COM
$407K22.3K
0.3%
Held
48Ishares TR
IBONDS 29 TRM TS
$379K17.5K
0.3%
Held
49Star Hldgs
SHS BEN INT
$374K41.0K
0.3%
Held
50SPDR Gold TR
GOLD SHS
$368K1.0K
0.2%
Held
Showing 50 of 82 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$26.9M
Call notional (bullish)$88K
TypeUnderlyingNotional valueUnderlying shares
PUT · bearishSS SPDR S&P 500 ETF TRUST-USSPY$12.5M17K
PUT · bearishISHARES MSCI SOUTH KOREA ETFEWY$3.0M15K
PUT · bearishBROADCOM INCAVGO$2.5M7K
PUT · bearishMICROSOFT CORPMSFT$2.4M7K
PUT · bearishSS FINANCIAL SELECT SECTORXLF$1.9M35K
PUT · bearishORACLE CORPORCL$1.5M10K
PUT · bearishVANECK SEMICONDUCTOR ETFSMH$1.3M2K
PUT · bearishSTATE STREET SPDR S&P MIDCAPMDY$703K1K
PUT · bearishSS SPDR S&P METALS MININGXME$642K6K
PUT · bearishVANECK GOLD MINERS ETFGDX$490K7K
CALL · bullishEOS ENERGY ENTERPRISES INCEOSE$88K15K
PUT · bearishISHARES ETHEREUM TRUST ETFETHA$65K6K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

$222.7M · Q2 2025Q2 2016 · $137.1MQ2 2026 · $176.1M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Aug 14, 202645d94$176.1M13F-HR
Q1 2026Mar 31, 2026May 15, 202645d98$179.5M13F-HR
Q4 2025Dec 31, 2025Feb 17, 202648d86$142.9M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202545d93$206.4M13F-HR
Q2 2025Jun 30, 2025Aug 14, 202545d97$222.7M13F-HR
Q1 2025Mar 31, 2025May 15, 202545d93$179.0M13F-HR
Q4 2024Dec 31, 2024Feb 14, 202545d88$190.2M13F-HR
Q3 2024Sep 30, 2024Nov 14, 202445d99$150.9M13F-HR
Q2 2024Jun 30, 2024Aug 14, 202445d95$153.0M13F-HR
Q1 2024Mar 31, 2024May 15, 202445d106$163.3M13F-HR
Q4 2023Dec 31, 2023Feb 14, 202445d90$120.5M13F-HR
Q3 2023Sep 30, 2023Nov 14, 202345d108$147.4M13F-HR
Q2 2023Jun 30, 2023Aug 14, 202345d101$168.2M13F-HR
Q1 2023Mar 31, 2023May 15, 202345d86$106.8M13F-HR
Q4 2022Dec 31, 2022Feb 14, 202345d57$68.0M13F-HR
Q3 2021Sep 30, 2021Nov 15, 202146d80$140.4M13F-HR
Q2 2021Jun 30, 2021Aug 16, 202147d90$184.9M13F-HR
Q1 2021Mar 31, 2021May 17, 202147d77$136.8M13F-HR
Q4 2020Dec 31, 2020May 13, 2021133d51$117.1M13F-HR/A
Q3 2016Sep 30, 2016Aug 16, 2017320d39$113.0M13F-HR/A
Q2 2016Jun 30, 2016Aug 16, 2017412d34$137.1M13F-HR/A
Amended / restated
  • Q4 2020 · filed Feb 16, 202113F-HR · superseded
  • Q3 2016 · filed Feb 14, 201713F-HR/A · superseded
  • Q3 2016 · filed Nov 14, 201613F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.