Maple Capital Management, Inc.

Registered adviser

CIK

1313893

Location

MONTPELIER, VT

Portfolio Value

Mid $1,662,721,725

Diversification

Diversified

Filing Date

Global Rank

#1,798 / 8,827 ▼ 14 · as of Jun 2026

Top Industry

Semiconductors 17.3%

Period ended 38 days ago

Filed Nov 2, 2026 · 5d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 130209

Roster of Nov 1, 2026

Regulatory AUM

$2,579,565,974

Main clients

Individuals and high net worth (92% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$2,579,565,974	Individuals and high net worth (92%)
Apr 2025 to Mar 2026	$2,193,978,340	Individuals and high net worth (91%)
Apr 2024 to Mar 2025	$1,723,412,484	Individuals and high net worth (91%)
May 2023 to Mar 2024	$1,366,024,417	Individuals and high net worth (90%)
Apr 2023	$1,366,024,417	Individuals and high net worth (90%)
Apr 2022 to Mar 2023	$1,594,168,766	Individuals and high net worth (90%)

3 earlier changes not shown.

Stated strategy

Fundamental active, Value, Income, Fixed income / rates, Quantitative / systematic, Index / passive, Multi-asset, Wealth management / planning Form ADV Part 2A, Aug 5, 2026 · original

In the firm's words

Fundamental active: MCM uses fundamental analysis methods to select securities for client portfolios.
Value: We attempt to measure the intrinsic value of a security by looking at economic and financial factors (including the overall economy, industry conditions, and the financial condition and management of the company itself) to determine if the company is underpriced (indicating it may be a good time to buy) or overpriced (indicating it may be time to sell).
Income: Bonds are used in client accounts to generate income and preserve capital.
Fixed income / rates: MCM selects potential investments from all sectors of the bond market.
Quantitative / systematic: MCM utilizes quantitative and qualitative methods to perform due diligence screening and selection of open and closed-end mutual funds and exchange trades funds [ETFs].
Index / passive: For passive or index managed funds, the goal is to provide asset class exposure with a similar return and risk profile to that of a specific asset class.
Multi-asset: MCM creates portfolios for our clients primarily by using individual stocks, bonds, mutual funds and/or ETFs.
Wealth management / planning: Mutual funds and ETFs are selected after a thorough analysis by the Asset Allocation, and Mutual Fund Research teams under the supervision of the investment committee.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 57.7%, 22.7 effective positions, active share 54.3% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

6.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.0 quarters (12+), a floor since 70.4% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 54.3%; sector active share 17.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

126 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

10.1%

+1.3 pts

Top 5

40.8%

+4.1 pts

Top 10

59.3%

+1.5 pts

HHI

475

Diversified+35

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	38.0%	$632,066,809	20
Communication Services	12.7%	$210,764,536	5
Financial Services	11.6%	$192,108,575	15
Consumer Cyclical	10.8%	$179,012,784	9
Healthcare	8.5%	$141,783,925	15
Unclassified	5.3%	$87,503,891	32
Consumer Defensive	4.5%	$74,734,553	7
Industrials	4.3%	$70,972,924	13
Energy	2.3%	$38,219,491	2
Basic Materials	2.1%	$34,259,744	4
Utilities	0.1%	$1,090,385	3
Real Estate	0.0%	$204,108	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IEMG	iShares Trust	+52,695	412,870	$0
GEV	GE Vernova Inc.	+12,008	12,517	$11,897,283
HD	Home Depot, Inc.	+3,932	81,242	$23,112,536
TSLA	Tesla, Inc.	+2,835	29,687	$10,533,244
ZTS	Zoetis Inc.	+996	52,991	$3,700,361
AVGO	Broadcom Inc.	+867	91,472	$32,124,051
PM	Philip Morris International Inc.	+452	2,668	$509,107
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+423	36,900	$16,833,411
MSCI	MSCI Inc.	+312	13,997	$7,539,624
ISRG	Intuitive Surgical Inc	+295	46,331	$18,839,574
IVW	iShares S&P 500 Growth ETF	+224	2,353	$334,737
VUG	VANGUARD GROWTH INDEX FUND	+217	5,660	$510,022
WM	Waste Management Inc	+85	1,997	$407,228
AMZN	Amazon Com Inc	+61	415,061	$103,412,448
V	Visa Inc.	+58	1,971	$708,239
VZ	Verizon Communications Inc	+56	7,368	$337,970
KO	Coca Cola Co	+52	7,129	$613,664
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+45	1,652	$618,244
ETN	Eaton Corp plc	+44	514	$220,870
IVE	iShares S&P 500 Value ETF	+43	1,021	$233,073
BRK-B	Berkshire Hathaway Inc	+23	5,423	$2,700,382
MU	Micron Technology Inc	+11	1,216	$1,295,173
GLW	Corning Inc	+10	11,907	$1,830,820
IEFA	iShares Core MSCI EAFE ETF	+9	3,253	$315,150
COF	Capital One Financial Corp	+4	1,136	$219,327
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ACN	Accenture plc	−148,648	3,053	$559,828
NVDA	Nvidia Corp	−16,310	637,396	$145,568,498
IJR	iShares Core S&P Small-Cap ETF	−11,082	381,716	$51,928,644
MSFT	Microsoft Corp	−8,554	250,184	$128,319,373
AAPL	Apple Inc.	−8,205	506,606	$168,709,930
MS	Morgan Stanley	−7,585	168,362	$31,665,524
GOOG	Alphabet Inc.	−7,033	378,620	$129,010,978
TXN	Texas Instruments Inc	−6,332	230,061	$64,437,785
TJX	Tjx Companies Inc	−5,763	219,098	$28,988,856
JPM	Jpmorgan Chase & Co	−5,503	151,245	$50,036,383
AXP	American Express Co	−4,101	66,621	$20,259,446
CMG	Chipotle Mexican Grill Inc	−4,053	366,864	$11,721,304
JNJ	Johnson & Johnson	−3,845	166,950	$44,198,343
ABT	Abbott Laboratories	−3,844	162,797	$16,089,227
CVX	Chevron Corp	−3,666	175,251	$35,788,006
AMAT	Applied Materials Inc	−2,846	95,248	$48,707,922
META	Meta Platforms, Inc.	−2,611	97,093	$70,409,901
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	−2,608	40,500	$3,635,280
IJH	iShares Core S&P Mid-Cap ETF	−2,347	27,577	$1,984,165
JPST	JPMorgan Ultra-Short Income ETF	−2,161	33,453	$1,685,027
SCHD	Schwab U.S. Dividend Equity ETF	−2,155	7,695	$250,318
MA	Mastercard Inc	−2,122	79,597	$43,895,357
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	−2,097	7,449	$293,788
HON	Honeywell International Inc	−1,753	76,055	$16,043,041
TCHP	T. Rowe Price Blue Chip Growth ETF	−1,702	8,287	$426,034
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
ARM	Arm Holdings PLC	39,081	$11,320,202
BETA	BETA Technologies, Inc.	19,964	$441,204
AMGN	Amgen Inc	556	$234,359
ESGV	VANGUARD ESG U.S. STOCK ETF	1,601	$216,983
SHOP	Shopify Inc.	1,418	$210,289
VXUS	Vanguard Total International Stock ETF	2,401	$203,988
HODL	VanEck Bitcoin ETF	8,539	$201,691
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
MUB	iShares National Muni Bond ETF	3,263	$351,164
PRFZ	Invesco RAFI US 1500 Small-Mid ETF	4,025	$224,474
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	2,515	$221,093
ROP	Roper Technologies Inc	640	$216,569
LIN	Linde PLC	411	$213,284
RPG	Victory Portfolios II	3,265	$208,470
EFG	iShares MSCI EAFE Growth ETF	1,663	$206,910
INTC	Intel Corp	1,433	$200,089
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

126 tracked positions · $1,662,721,725 total · filing declares 129 positions · $1,696,232,803 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 126 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	506,606	-8,205	$168,709,930	+13.3%	10.15%
NVDA	Nvidia Corp PUT + SHARES Technology	Reduced	637,496	-16,310	$145,591,336	+11.3%	8.76%
GOOG	Alphabet Inc. Communication Services	Reduced	378,620	-7,033	$129,010,978	−5.3%	7.76%
MSFT	Microsoft Corp Technology	Reduced	250,184	-8,554	$128,319,373	+33.0%	7.72%
AMZN	Amazon Com Inc Consumer Cyclical	Added	415,061	+61	$103,412,448	+4.6%	6.22%
META	Meta Platforms, Inc. Communication Services	Reduced	97,093	-2,611	$70,409,901	+25.4%	4.23%
TXN	Texas Instruments Inc Technology	Reduced	230,061	-6,332	$64,437,785	−8.5%	3.88%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	62,012	-1,581	$56,452,004	−5.1%	3.40%
LLY	ELI LILLY & Co Healthcare	Reduced	46,744	-1,108	$54,086,547	−5.8%	3.25%
IJR	iShares Core S&P Small-Cap ETF	Reduced	381,716	-11,082	$51,928,644	−10.9%	3.12%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	151,245	-5,503	$50,036,383	−2.5%	3.01%
AMAT	Applied Materials Inc Technology	Reduced	95,248	-2,846	$48,707,922	−31.3%	2.93%
JNJ	Johnson & Johnson Healthcare	Reduced	166,950	-3,845	$44,198,343	+1.9%	2.66%
MA	Mastercard Inc Financial Services	Reduced	79,597	-2,122	$43,895,357	+4.6%	2.64%
CVX	Chevron Corp Energy	Reduced	175,251	-3,666	$35,788,006	+20.7%	2.15%
AVGO	Broadcom Inc. Technology	Added	91,472	+867	$32,124,051	−6.1%	1.93%
MS	Morgan Stanley Financial Services	Reduced	168,362	-7,585	$31,665,524	−13.9%	1.90%
TJX	Tjx Companies Inc Consumer Cyclical	Reduced	219,098	-5,763	$28,988,856	−14.9%	1.74%
GE	General Electric Co Industrials	Reduced	87,420	-973	$27,300,391	−17.4%	1.64%
HD	Home Depot, Inc. Consumer Cyclical	Added	81,242	+3,932	$23,112,536	−15.2%	1.39%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	74,673	-627	$20,776,268	−5.9%	1.25%
AXP	American Express Co Financial Services	Reduced	66,621	-4,101	$20,259,446	−15.3%	1.22%
ISRG	Intuitive Surgical Inc Healthcare	Added	46,331	+295	$18,839,574	+2.9%	1.13%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	36,900	+423	$16,833,411	−3.4%	1.01%
SPGI	S&P Global Inc. Financial Services	Reduced	41,619	-557	$16,417,446	−4.4%	0.99%
CME	Cme Group Inc. Financial Services	Reduced	61,528	-887	$16,119,105	+16.9%	0.97%
ABT	Abbott Laboratories Healthcare	Reduced	162,797	-3,844	$16,089,227	+6.4%	0.97%
HON	Honeywell International Inc Industrials	Reduced	76,055	-1,753	$16,043,041	−7.9%	0.96%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	181,020	-1,684	$15,444,626	−7.8%	0.93%
ECL	Ecolab Inc. Basic Materials	Reduced	45,806	-676	$12,577,411	−2.9%	0.76%
GEV	GE Vernova Inc. Industrials	Added	12,517	+12,008	$11,897,283	+1889.5%	0.72%
HONA	Honeywell Aerospace Inc. Industrials	Reduced	76,275	-928	$11,820,336	−30.7%	0.71%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Reduced	366,864	-4,053	$11,721,304	−7.1%	0.70%
ARM	Arm Holdings PLC Technology	NEW	39,081	NEW	$11,320,202	NEW	0.68%
TSLA	Tesla, Inc. Consumer Cyclical	Added	29,687	+2,835	$10,533,244	−6.7%	0.63%
UBER	Uber Technologies, Inc Technology	Reduced	122,311	-914	$8,379,526	−5.8%	0.50%
NFLX	Netflix Inc Communication Services	Reduced	119,636	-1,509	$8,324,272	−3.8%	0.50%
MSCI	MSCI Inc. Financial Services	Added	13,997	+312	$7,539,624	−1.6%	0.45%
SPY	Spdr S&P 500 ETF Trust	Reduced	9,503	-75	$7,247,272	+1.3%	0.44%
FBND	Fidelity Total Bond ETF	Reduced	112,980	-1,634	$4,892,034	−6.2%	0.29%
ZTS	Zoetis Inc. Healthcare	Added	52,991	+996	$3,700,361	−1.0%	0.22%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Reduced	40,500	-2,608	$3,635,280	−4.0%	0.22%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	5,423	+23	$2,700,382	−0.1%	0.16%
GOOGL	Alphabet Inc. Communication Services	Reduced	7,793	-289	$2,681,415	−7.2%	0.16%
EFA	iShares MSCI EAFE ETF	Held	25,339	0	$2,632,468	+0.0%	0.16%
XOM	ExxonMobil Holdings Corp Energy	Reduced	14,940	-878	$2,431,485	+12.4%	0.15%
IVV	iShares Core S&P 500 ETF	Reduced	3,174	-124	$2,430,807	−1.6%	0.15%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	27,577	-2,347	$1,984,165	−14.0%	0.12%
GLW	Corning Inc Technology	Added	11,907	+10	$1,830,820	−39.8%	0.11%
JPST	JPMorgan Ultra-Short Income ETF	Reduced	33,453	-2,161	$1,685,027	−6.4%	0.10%

Showing the top 50 of 126 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.