Black Maple Capital Management LP

CIK

1588959

Location

MILWAUKEE, WI

Portfolio Value

Small $141,451,734

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,947 / 8,603 ▲ 794 · as of Mar 2026

Top Industry

Banks - Regional 34.5%

3Y Alpha vs SPY

-1.4%

Period ended 3 months ago

Filed May 15, 2026 · 55d

18 quarters · since Dec 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+68.4%

SPY

+76.5%

Annualised alpha

-1.9%

Max drawdown

−24.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

59 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

41.5%

+16.0 pts

Top 5

60.9%

+8.5 pts

Top 10

78.1%

+7.3 pts

HHI

1,893

Moderately concentrated+954

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	43.1%	$60,915,307	4
Financial Services	28.3%	$39,988,494	24
Technology	11.4%	$16,092,752	11
Energy	6.1%	$8,629,517	3
Industrials	4.5%	$6,348,228	1
Communication Services	2.7%	$3,757,953	3
Basic Materials	1.6%	$2,317,722	4
Real Estate	1.5%	$2,109,298	6
Consumer Cyclical	0.7%	$962,452	2
Healthcare	0.2%	$330,011	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
ALK	Alaska Air Group, Inc.	+116,100	172,600	$6,348,228
BANC	Banc Of California, Inc.	+67,009	258,521	$4,544,799
BAC	Bank Of America Corp /De/	+62,571	96,871	$4,722,461
SPY	Spdr S&P 500 ETF Trust	+50,601	90,184	$58,650,262
STHO	Star Holdings	+15,129	40,970	$310,142
GSBD	Goldman Sachs BDC, Inc.	+15,000	25,000	$222,000
CHCT	Community Healthcare Trust Inc	+10,918	22,258	$353,679
BUSE	First Busey Corp /Nv/	+3,000	15,359	$388,121
FSUN	Firstsun Capital Bancorp	+2,000	8,340	$304,076
MU	Micron Technology Inc	+1,710	2,710	$915,546
MDY	Spdr S&P Midcap 400 ETF Trust	+500	2,500	$1,541,900
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
LNSR	LENSAR, Inc.	−61,969	55,371	$330,011
HBAN	Huntington Bancshares Inc /Md/	−32,644	397,656	$6,223,316
WAL	Western Alliance Bancorporation	−26,177	84,599	$5,993,839
INR	Infinity Natural Resources, Inc.	−18,219	30,709	$540,785
NXE	NexGen Energy Ltd.	−16,200	50,000	$580,000
SNFCA	Security National Financial Corp	−12,767	11,311	$107,228
BUR	Burford Capital Ltd	−10,000	38,662	$174,752
OSBC	Old Second Bancorp Inc	−9,776	39,224	$790,755
SITC	SITE Centers Corp.	−9,000	15,000	$81,000
FNWD	Finward Bancorp	−6,564	14,678	$532,811
LIEN	Chicago Atlantic BDC, Inc.	−5,000	130,920	$1,222,792
FVCB	FVCBankcorp, Inc.	−4,821	19,150	$290,888
ALRS	Alerus Financial Corp	−4,819	19,757	$468,438
FFBC	First Financial Bancorp /Oh/	−3,944	8,556	$238,541
META	Meta Platforms, Inc.	−3,500	2,420	$1,384,554
MRVL	Marvell Technology, Inc.	−3,066	6,350	$628,967
GLD	Spdr Gold Trust	−600	1,000	$430,290
GOOGL	Alphabet Inc.	−500	3,500	$1,006,460
UBER	Uber Technologies, Inc	−400	57,100	$4,107,203
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
EXE	EXPAND ENERGY Corp	68,398	$7,508,732
PNFP	Pinnacle Financial Partners, Inc.	85,549	$7,369,190
MSFT	Microsoft Corp	13,606	$5,036,533
ORCL	Oracle Corp	20,350	$2,993,688
COF	Capital One Financial Corp	12,900	$2,353,347
SYF	Synchrony Financial	31,500	$2,142,630
AEM	Agnico Eagle Mines Ltd	5,000	$1,014,900
LODE	Comstock Inc.	325,134	$991,658
LYFT	Lyft, Inc.	58,000	$771,400
AVGO	Broadcom Inc.	2,295	$710,325
WFC	Wells Fargo & Company/Mn	8,500	$676,685
ELME	Elme Communities	269,317	$541,327
DUOT	Duos Technologies Group, Inc.	63,707	$437,030
RYN	Rayonier Inc	20,000	$412,400
AFCG	Advanced Flower Capital Inc.	110,912	$312,771
ETHA	iShares Ethereum Trust ETF	18,500	$292,855
POET	Poet Technologies Inc.	45,500	$270,270
BPRN	Princeton Bancorp, Inc.	7,118	$240,374
KD	Kyndryl Holdings, Inc.	12,000	$157,440
MSDL	Morgan Stanley Direct Lending Fund	10,000	$139,600
OCSL	Oaktree Specialty Lending Corp	10,000	$113,000
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
ODV	Osisko Development Corp.	1,867,710	$6,518,307
EQT	EQT Corp	98,039	$5,254,890
OZK	Bank OZK	92,672	$4,264,765
EOG	Eog Resources Inc	29,000	$3,045,290
MBIN	Merchants Bancorp	82,092	$2,796,053
NOG	Northern Oil & Gas, Inc.	33,600	$721,392
NECB	NorthEast Community Bancorp, Inc./MD/	30,371	$686,688
SIMO	Silicon Motion Technology CORP	7,300	$676,710
ADBE	Adobe Inc.	1,800	$629,982
FCX	Freeport-Mcmoran Inc	12,000	$609,480
AR	ANTERO RESOURCES Corp	16,100	$554,806
SM	SM Energy Co	23,000	$430,100
CRM	Salesforce, Inc.	1,500	$397,365
DELL	Dell Technologies Inc.	3,000	$377,640
IBCP	Independent Bank Corp /Mi/	10,769	$350,315
KMB	Kimberly Clark Corp	3,000	$302,670
TECK	Teck Resources Ltd	5,700	$272,973
CZWI	Citizens Community Bancorp Inc.	11,718	$208,814
DHC	Diversified Healthcare Trust	38,984	$189,072
SMR	NUSCALE POWER Corp	13,000	$184,210
ASC	Ardmore Shipping Corp	10,000	$105,900
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

59 positions · $141,451,734 total · as of Mar 31, 2026

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

Showing 1–50 of 59 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	90,184	+50,601	$58,650,262	+117.3%	41.46%
EXE	EXPAND ENERGY Corp Energy	NEW	68,398	NEW	$7,508,732	NEW	5.31%
PNFP	Pinnacle Financial Partners, Inc. Financial Services	NEW	85,549	NEW	$7,369,190	NEW	5.21%
ALK	Alaska Air Group, Inc. Industrials	Added	172,600	+116,100	$6,348,228	+123.4%	4.49%
HBAN	Huntington Bancshares Inc /Md/ Financial Services	Reduced	397,656	-32,644	$6,223,316	−16.6%	4.40%
WAL	Western Alliance Bancorporation Financial Services	Reduced	84,599	-26,177	$5,993,839	−35.6%	4.24%
MSFT	Microsoft Corp Technology	NEW	13,606	NEW	$5,036,533	NEW	3.56%
BAC	Bank Of America Corp /De/ Financial Services	Added	96,871	+62,571	$4,722,461	+150.3%	3.34%
BANC	Banc Of California, Inc. Financial Services	Added	258,521	+67,009	$4,544,799	+23.0%	3.21%
UBER	Uber Technologies, Inc Technology	Reduced	57,100	-400	$4,107,203	−12.6%	2.90%
ORCL	Oracle Corp Technology	NEW	20,350	NEW	$2,993,688	NEW	2.12%
COF	Capital One Financial Corp Financial Services	NEW	12,900	NEW	$2,353,347	NEW	1.66%
SYF	Synchrony Financial Financial Services	NEW	31,500	NEW	$2,142,630	NEW	1.51%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	2,500	+500	$1,541,900	+27.8%	1.09%
META	Meta Platforms, Inc. Communication Services	Reduced	2,420	-3,500	$1,384,554	−64.6%	0.98%
DDI	DoubleDown Interactive Co., Ltd. Communication Services	Held	161,768	0	$1,366,939	−2.1%	0.97%
LIEN	Chicago Atlantic BDC, Inc. Financial Services	Reduced	130,920	-5,000	$1,222,792	−12.9%	0.86%
AEM	Agnico Eagle Mines Ltd Basic Materials	NEW	5,000	NEW	$1,014,900	NEW	0.72%
GOOGL	Alphabet Inc. Communication Services	Reduced	3,500	-500	$1,006,460	−19.6%	0.71%
LODE	Comstock Inc. Basic Materials	NEW	325,134	NEW	$991,658	NEW	0.70%
MU	Micron Technology Inc Technology	Added	2,710	+1,710	$915,546	+220.8%	0.65%
OSBC	Old Second Bancorp Inc Financial Services	Reduced	39,224	-9,776	$790,755	−17.2%	0.56%
LYFT	Lyft, Inc. Technology	NEW	58,000	NEW	$771,400	NEW	0.55%
AVGO	Broadcom Inc. Technology	NEW	2,295	NEW	$710,325	NEW	0.50%
WFC	Wells Fargo & Company/Mn Financial Services	NEW	8,500	NEW	$676,685	NEW	0.48%
AMZN	Amazon Com Inc Consumer Cyclical	Held	3,220	0	$670,629	−9.8%	0.47%
MRVL	Marvell Technology, Inc. Technology	Reduced	6,350	-3,066	$628,967	−21.4%	0.44%
NXE	NexGen Energy Ltd. Energy	Reduced	50,000	-16,200	$580,000	−4.8%	0.41%
ELME	Elme Communities Real Estate	NEW	269,317	NEW	$541,327	NEW	0.38%
INR	Infinity Natural Resources, Inc. Energy	Reduced	30,709	-18,219	$540,785	−25.0%	0.38%
FNWD	Finward Bancorp Financial Services	Reduced	14,678	-6,564	$532,811	−28.7%	0.38%
ALRS	Alerus Financial Corp Financial Services	Reduced	19,757	-4,819	$468,438	−15.4%	0.33%
DUOT	Duos Technologies Group, Inc. Technology	NEW	63,707	NEW	$437,030	NEW	0.31%
GLD	Spdr Gold Trust	Reduced	1,000	-600	$430,290	−32.1%	0.30%
USB	US Bancorp De Financial Services	Held	8,000	0	$416,080	−2.5%	0.29%
RYN	Rayonier Inc Real Estate	NEW	20,000	NEW	$412,400	NEW	0.29%
DOC	Healthpeak Properties, Inc. Real Estate	Held	25,000	0	$410,750	+2.2%	0.29%
BUSE	First Busey Corp /Nv/ Financial Services	Added	15,359	+3,000	$388,121	+32.0%	0.27%
CHCT	Community Healthcare Trust Inc Real Estate	Added	22,258	+10,918	$353,679	+89.9%	0.25%
LNSR	LENSAR, Inc. Healthcare	Reduced	55,371	-61,969	$330,011	−75.8%	0.23%
AFCG	Advanced Flower Capital Inc. Financial Services	NEW	110,912	NEW	$312,771	NEW	0.22%
STHO	Star Holdings Real Estate	Added	40,970	+15,129	$310,142	+45.8%	0.22%
FSUN	Firstsun Capital Bancorp Financial Services	Added	8,340	+2,000	$304,076	+27.4%	0.21%
ETHA	iShares Ethereum Trust ETF	NEW	18,500	NEW	$292,855	NEW	0.21%
TSLA	Tesla, Inc. Consumer Cyclical	Held	785	0	$291,823	−17.3%	0.21%
FVCB	FVCBankcorp, Inc. Financial Services	Reduced	19,150	-4,821	$290,888	−12.8%	0.21%
POET	Poet Technologies Inc. Technology	NEW	45,500	NEW	$270,270	NEW	0.19%
BPRN	Princeton Bancorp, Inc. Financial Services	NEW	7,118	NEW	$240,374	NEW	0.17%
FFBC	First Financial Bancorp /Oh/ Financial Services	Reduced	8,556	-3,944	$238,541	−23.7%	0.17%
GSBD	Goldman Sachs BDC, Inc. Financial Services	Added	25,000	+15,000	$222,000	+139.2%	0.16%