Black Maple Capital Management LP holds a focused book of 80 stocks worth $130.2M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Expand Energy Corp and trimmed Invesco S&P 500 Equal Weight. Their largest long position is SS SPDR S&P 500 ETF Trust-US at 21% of the equity book. They also disclosed $45.3M in put options (a bearish bet) and $4.0M in call options (bullish), shown separately below and excluded from the equity book. Cloning the disclosed picks since 2016 would be +341% (+15.3%/yr). That is a simulation of the disclosed long book, not audited returns.
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curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1588959/holdings"
Use Arkolith to show Black Maple Capital Management LP's latest holdings, largest changes, and filing provenance.
Following at the filing date actually beat the quarter-end book by 80.7 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 the ~45-day reporting lag, 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.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
56% mapped to company sectors
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.
Estimated $ traded · quarter-end prices, no cost basis
Other tracked managers holding the same core names as Black Maple Capital Management LP
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| MORGAN STANLEY | 80 / 80 | $262.1B |
| JPMORGAN CHASE & CO | 79 / 80 | $248.0B |
| UBS Group AG | 78 / 80 | $71.7B |
| ROYAL BANK OF CANADA | 77 / 80 | $65.5B |
| BlackRock, Inc. | 75 / 80 | $951.6B |
| WELLS FARGO & COMPANY/MN | 74 / 80 | $65.9B |
| OSAIC HOLDINGS, INC. | 74 / 80 | $6.7B |
| GOLDMAN SACHS GROUP INC | 73 / 80 | $137.3B |
Ranked by how many of Black Maple Capital Management LP's top 80 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.
Bars show each stock's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | State STR SPDR S&P 500 ETF T TR UNIT | $27.0M | 41.5K | 20.7% | ▲+45% Added · +13K sh | |
| 2 | Expand Energy Corporation COM | $7.5M | 68.4K | 5.8% | ▲New New position | |
| 3 | Pinnacle Finl Partners Inc COM | $7.4M | 85.5K | 5.7% | ▲New New position | |
| 4 | Invesco Exchange Traded FD T S&P500 EQL WGT | $6.5M | 34.0K | 5.0% | ▼−2.9% Reduced · −1K sh | |
| 5 | Alaska Air Group Inc COM | $6.3M | 172.6K | 4.9% | ▲+205% Added · +116K sh | |
| 6 | Huntington Bancshares Inc COM | $6.2M | 397.7K | 4.8% | ▼−7.6% Reduced · −33K sh | |
| 7 | Western Alliance Bancorp COM | $6.0M | 84.6K | 4.6% | ▼−24% Reduced · −26K sh | |
| 8 | Bank America Corp COM | $4.7M | 96.9K | 3.6% | ▲+182% Added · +63K sh | |
| 9 | Banc Of California Inc COM | $4.4M | 249.6K | 3.4% | ▲+45% Added · +77K sh | |
| 10 | Uber Technologies Inc COM | $3.7M | 52.1K | 2.9% | ▼−9.4% Reduced · −5K sh | |
| 11 | Microsoft Corp COM | $2.6M | 7.1K | 2.0% | ▲New New position | |
| 12 | Ishares TR MSCI UK ETF NEW | $2.5M | 55.9K | 2.0% | ▼−17% Reduced · −12K sh | |
| 13 | Capital One Finl Corp COM | $2.4M | 12.9K | 1.8% | ▲New New position | |
| 14 | Ishares Inc MSCI STH KOR ETF | $2.2M | 18.0K | 1.7% | ▲New New position | |
| 15 | Synchrony Financial COM | $2.1M | 31.5K | 1.6% | ▲New New position | |
| 16 | Kraneshares Trust CALIFORNIA CARB | $2.1M | 140.5K | 1.6% | ▲+33% Added · +35K sh | |
| 17 | SPDR Index SHS FDS STATE STREET SPD | $2.0M | 31.8K | 1.5% | —Held | |
| 18 | Ishares Inc MSCI JAPAN ETF | $1.7M | 20.7K | 1.3% | ▼−47% Reduced · −19K sh | |
| 19 | Select Sector SPDR TR STATE STREET FIN | $1.7M | 35.0K | 1.3% | ▲New New position | |
| 20 | Oracle Corp COM | $1.5M | 10.3K | 1.2% | ▲New New position | |
| 21 | Doubledown Interactive Co LT ADS | $1.4M | 161.8K | 1.0% | —Held | |
| 22 | Meta Platforms Inc CL A | $1.3M | 2.2K | 1.0% | ▼−63% Reduced · −4K sh | |
| 23 | Chicago Atlantic BDC Inc COM | $1.2M | 130.9K | 0.9% | ▼−3.7% Reduced · −5K sh | |
| 24 | Select Sector SPDR TR STATE STREET COM | $1.2M | 11.0K | 0.9% | —Held | |
| 25 | Alphabet Inc CAP STK CL A | $1.0M | 3.5K | 0.8% | ▼−13% Reduced · −500 sh | |
| 26 | Comstock Inc COM SHS | $992K | 325.1K | 0.8% | ▲New New position | |
| 27 | Ishares TR MSCI INDIA ETF | $951K | 20.3K | 0.7% | ▼−32% Reduced · −10K sh | |
| 28 | State STR SPDR S&P Midcap 40 UTSER1 S&PDCRP | $925K | 1.5K | 0.7% | ▼−25% Reduced · −500 sh | |
| 29 | Old Second Bancorp Inc Del COM | $791K | 39.2K | 0.6% | ▼−20% Reduced · −10K sh | |
| 30 | Ishares TR CHINA LG-CAP ETF | $790K | 22.0K | 0.6% | ▲New New position | |
| 31 | Lyft Inc CL A COM | $771K | 58.0K | 0.6% | ▲New New position | |
| 32 | Vaneck ETF Trust SEMICONDUCTR ETF | $767K | 2.0K | 0.6% | ▲New New position | |
| 33 | Broadcom Inc COM | $710K | 2.3K | 0.5% | ▲New New position | |
| 34 | Vaneck ETF Trust GOLD MINERS ETF | $688K | 7.5K | 0.5% | ▲New New position | |
| 35 | Wells Fargo & Co COM | $677K | 8.5K | 0.5% | ▲New New position | |
| 36 | Amazon Com Inc COM | $671K | 3.2K | 0.5% | —Held | |
| 37 | SPDR Series Trust STATE STREET SPD | $648K | 6.0K | 0.5% | ▼−43% Reduced · −5K sh | |
| 38 | Marvell Technology Inc COM | $629K | 6.3K | 0.5% | ▼−33% Reduced · −3K sh | |
| 39 | Select Sector SPDR TR STATE STREET TEC | $601K | 4.5K | 0.5% | —Held | |
| 40 | Nexgen Energy Ltd COM | $580K | 50.0K | 0.4% | ▼−24% Reduced · −16K sh | |
| 41 | Elme Communities SH BEN INT | $541K | 269.3K | 0.4% | ▲New New position | |
| 42 | Infinity Nat Res Inc COM CL A | $541K | 30.7K | 0.4% | ▼−37% Reduced · −18K sh | |
| 43 | Finward Bancorp COM | $533K | 14.7K | 0.4% | ▼−31% Reduced · −7K sh | |
| 44 | SPDR Series Trust STATE STREET SPD | $521K | 8.0K | 0.4% | ▼−24% Reduced · −3K sh | |
| 45 | Ishares TR IBONDS 28 TRM TS | $518K | 23.3K | 0.4% | ▲+16% Added · +3K sh | |
| 46 | Alerus Finl Corp COM | $468K | 19.8K | 0.4% | ▼−20% Reduced · −5K sh | |
| 47 | Ishares TR IBONDS 27 TRM TS | $449K | 20.0K | 0.3% | —Held | |
| 48 | Duos Technologies Group Inc COM | $437K | 63.7K | 0.3% | ▲New New position | |
| 49 | SPDR Gold TR GOLD SHS | $430K | 1.0K | 0.3% | ▼−9.1% Reduced · −100 sh | |
| 50 | US Bancorp COM NEW | $416K | 8.0K | 0.3% | —Held |
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| PUT · bearish | SS SPDR S&P 500 ETF TRUST-USSPY | $31.0M | 48K |
| PUT · bearish | ISHR IBX USD HIYLD CB ETF-UIHYG | $4.0M | 50K |
| PUT · bearish | MICROSOFT CORPMSFT | $2.4M | 7K |
| PUT · bearish | ISHARES MSCI SOUTH KOREA ETFEWY | $1.8M | 15K |
| PUT · bearish | SS FINANCIAL SELECT SECTORXLF | $1.7M | 35K |
| PUT · bearish | ORACLE CORPORCL | $1.5M | 10K |
| CALL · bullish | AGNICO EAGLE MINES LTDAEM | $1.0M | 5K |
| CALL · bullish | SS SPDR S&P HOMEBLDRS ETFXHB | $987K | 10K |
| CALL · bullish | MICRON TECHNOLOGY INCMU | $845K | 3K |
| PUT · bearish | VANECK SEMICONDUCTOR ETFSMH | $767K | 2K |
| CALL · bullish | SS SPDR S&P 500 ETF TRUST-USSPY | $650K | 1K |
| PUT · bearish | SS SPDR S&P METALS MININGXME | $648K | 6K |
| PUT · bearish | STATE STREET SPDR S&P MIDCAPMDY | $617K | 1K |
| PUT · bearish | VANECK GOLD MINERS ETFGDX | $597K | 7K |
| CALL · bullish | UBER TECHNOLOGIES INCUBER | $360K | 5K |
| CALL · bullish | BANC OF CALIFORNIA INCBANC | $156K | 9K |
| PUT · bearish | META PLATFORMS INC-CLASS AMETA | $114K | 200 |
| PUT · bearish | ISHARES ETHEREUM TRUST ETFETHA | $87K | 6K |
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 equity book, weighting, concentration and sector figures above.
As-of date vs the date the SEC received each filing
| Quarter | As of | Filed | Positions | Value | Form |
|---|---|---|---|---|---|
| Q1 2026 | Mar 31, 2026 | May 15, 2026 | 98 | $179.5M | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 17, 2026 | 86 | $142.9M | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 14, 2025 | 93 | $206.4M | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 14, 2025 | 97 | $222.7M | 13F-HR |
| Q1 2025 | Mar 31, 2025 | May 15, 2025 | 93 | $179.0M | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Feb 14, 2025 | 88 | $190.2M | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 14, 2024 | 99 | $150.9M | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Aug 14, 2024 | 95 | $153.0M | 13F-HR |
| Q1 2024 | Mar 31, 2024 | May 15, 2024 | 106 | $163.3M | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Feb 14, 2024 | 90 | $120.5M | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Nov 14, 2023 | 108 | $147.4M | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Aug 14, 2023 | 101 | $168.2M | 13F-HR |
| Q1 2023 | Mar 31, 2023 | May 15, 2023 | 86 | $106.8M | 13F-HR |
| Q4 2022 | Dec 31, 2022 | Feb 14, 2023 | 57 | $68.0M | 13F-HR |
| Q3 2021 | Sep 30, 2021 | Nov 15, 2021 | 80 | $140.4M | 13F-HR |
| Q2 2021 | Jun 30, 2021 | Aug 16, 2021 | 90 | $184.9M | 13F-HR |
| Q1 2021 | Mar 31, 2021 | May 17, 2021 | 77 | $136.8M | 13F-HR |
| Q4 2020 | Dec 31, 2020 | May 13, 2021 | 51 | $117.1M | 13F-HR/A |
| Q3 2016 | Sep 30, 2016 | Aug 16, 2017 | 39 | $113.0M | 13F-HR/A |
| Q2 2016 | Jun 30, 2016 | Aug 16, 2017 | 34 | $137.1M | 13F-HR/A |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; 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.