Sugar Maple Asset Management, LLC

Registered adviser

CIK

2012673

Location

SISTER BAY, WI

Portfolio Value

Small $120,354,801

Diversification

Diversified

Filing Date

Global Rank

#8,177 / 8,807 ▼ 542 · as of Jun 2026

Top Industry

Drug Manufacturers - General 35.4%

Period ended 20 days ago

Filed Oct 13, 2026 · 7d

11 quarters · since Mar 2024

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, Oct 1, 2026

Form ADV adviser

CRD 282632

Roster of Oct 1, 2026

Regulatory AUM

$291,512,235

Main clients

Individuals and high net worth (94% of AUM)

Private funds

1 fund · Hedge funds

$9,964,920 gross assets

Private funds on Schedule D 7.B.(1)

As filed Aug 13, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$3,000,000 gross assets in 1 fund Hedge funds $3,000,000 (1)

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 Oct 2026	$291,512,235	Individuals and high net worth (94%)
Apr 2025 to Mar 2026	$259,047,603	Individuals and high net worth (96%)
Mar 2024 to Mar 2025	$215,213,262	Individuals and high net worth (95%)
May 2023 to Feb 2024	$198,800,000	Individuals and high net worth (97%)
Apr 2023	$198,800,000	Individuals and high net worth (97%)
Sep 2022 to Mar 2023	$193,500,000	Individuals and high net worth (98%)

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

Concentrated

The top 10 positions are 61.2% of the book (60%+)

Turnover

Medium turnover

32.7% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 7.9 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 90.9%; sector active share 68.2% against the combined 13F book's sector weights.

Over time 10 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

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

Top Position

12.0%

−1.5 pts

Top 5

40.6%

−2.5 pts

Top 10

60.4%

−0.8 pts

HHI

516

Diversified−39

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	65.5%	$78,849,510	61
Healthcare	21.7%	$26,116,989	8
Technology	6.2%	$7,407,376	6
Financial Services	2.0%	$2,441,061	1
Communication Services	1.6%	$1,934,719	5
Utilities	1.1%	$1,277,583	1
Consumer Cyclical	0.7%	$896,023	2
Industrials	0.6%	$742,231	1
Consumer Defensive	0.4%	$472,740	2
Energy	0.2%	$216,569	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
LENS	Sarmaya Thematic ETF	+98,129	107,129	$4,592,405
TFLO	iShares Treasury Floating Rate Bond ETF	+88,002	348,364	$0
BKDV	BNY Mellon Dynamic Value ETF	+41,737	135,525	$4,567,192
IOVA	Iovance Biotherapeutics, Inc.	+41,492	176,492	$2,615,611
AQST	Aquestive Therapeutics, Inc.	+34,000	117,060	$541,987
OAKM	Oakmark U.S. Large Cap ETF	+28,313	105,779	$3,105,671
VXX		+19,000	82,700	$1,456,347
CNEQ	Alger Concentrated Equity ETF	+13,672	30,541	$1,240,880
CLOI	VanEck CLO ETF	+13,392	91,294	$4,835,843
FLTR	VanEck IG Floating Rate ETF	+5,103	17,673	$452,252
STIP	iShares 0-5 Year TIPS Bond ETF	+4,336	93,016	$0
FELG	Fidelity Enhanced Large Cap Growth ETF	+2,969	41,860	$1,887,467
RBUF		+2,400	23,222	$719,882
SPCX	Space Exploration Technologies Corp	+2,120	4,920	$742,231
FDRR	Fidelity Dividend ETF for Rising Rates	+1,410	53,130	$3,622,934
ADMA	Adma Biologics, Inc.	+800	16,300	$163,489
TMDX	TransMedics Group, Inc.	+660	6,660	$555,777
PANW	Palo Alto Networks Inc	+552	9,110	$3,619,494
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+537	1,542	$577,078
NIC	Nicolet Bankshares Inc	+517	14,974	$2,441,061
IVV	iShares Core S&P 500 ETF	+457	15,177	$0
AAPL	Apple Inc.	+400	2,493	$830,218
VIG	Vanguard Specialized Funds	+391	13,094	$3,054,961
NVDA	Nvidia Corp	+362	6,337	$1,447,244
SLV	iShares Silver Trust	+350	113,589	$6,191,736
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
SNAP	Snap Inc	−51,500	36,200	$195,480
SHY	iShares 1-3 Year Treasury Bond ETF	−20,561	51,168	$0
ZALT		−8,408	35,137	$1,213,631
AGG	iShares Core U.S. Aggregate Bond ETF	−4,830	10,710	$0
SLQD	iShares 0-5 Year Investment Grade Corporate Bond ETF	−3,350	58,778	$0
—		−2,955	710	$0
PMAR		−2,538	5,444	$266,532
—		−2,331	5,380	$0
RBRK	Rubrik, Inc.	−1,500	4,000	$457,880
FRDM	Freedom 100 Emerging Markets ETF	−1,387	13,507	$944,949
POCT		−1,058	20,424	$978,105
TEM	Tempus AI, Inc.	−1,000	11,250	$921,375
KMB	Kimberly Clark Corp	−950	2,520	$245,523
ABBV	AbbVie Inc.	−914	55,355	$14,480,314
PAUG		−566	10,667	$497,615
FBCG	Fidelity Covington Trust	−455	18,163	$1,148,083
SGOV	iShares 0-3 Month Treasury Bond ETF	−437	5,135	$0
SPY	Spdr S&P 500 ETF Trust	−250	3,803	$2,900,281
JAVA	JPMorgan Active Value ETF	−244	17,932	$1,429,539
ABT	Abbott Laboratories	−159	67,028	$6,624,377
GBIL	Goldman Sachs ETF Trust	−71	12,324	$1,233,755
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−17	9,253	$0
PG	PROCTER & GAMBLE Co	−2	1,564	$227,217
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
FESM	Fidelity Enhanced Small Cap Core ETF	39,415	$1,771,704
JQUA	JPMorgan U.S. Quality Factor ETF	22,555	$1,664,559
STBF	Performance Trust Short Term Bond ETF	33,449	$831,876
APP	AppLovin Corp	2,194	$637,203
GCAD	Gabelli Commercial Aerospace and Defense Fund	13,000	$630,630
OILK	ProShares K-1 Free Crude Oil ETF	10,000	$579,800
FAAA	Fidelity Merrimack Street Trust	8,000	$402,040
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	1,805	$284,612
FBTC	Fidelity Wise Origin Bitcoin Fund	3,142	$228,234
LNG	Cheniere Energy, Inc.	805	$216,569
LLY	ELI LILLY & Co	185	$214,059
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	1,640	$206,098
VIXY		10,000	$169,400
UPWK	Upwork, Inc	15,000	$122,400
PHO	Victory Portfolios II	5,750	$0
IGV	iShares Expanded Tech-Software Sector ETF	2,176	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
TCAF	T. Rowe Price Capital Appreciation Equity ETF	35,994	$1,479,353
EMXC	iShares MSCI Emerging Markets ex China ETF	9,593	$981,363
VSDM	VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF	5,367	$411,273
CGSM	Capital Group Short Duration Municipal Income ETF	15,291	$403,453
—		70,000	$364,000
QQQ	Invesco Qqq Trust, Series 1	400	$294,560
ALAB	Astera Labs, Inc.	500	$241,510
SPMO	Invesco Ltd.	1,270	$205,155
VLUE	iShares MSCI USA Value Factor ETF	2,685	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

88 tracked positions · $120,354,801 total · filing declares 89 positions · $175,443,902 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 88 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ABBV	AbbVie Inc. Healthcare	Reduced	55,355	-914	$14,480,314	+2.3%	12.03%
GLD	Spdr Gold Trust	Added	33,905	+40	$12,912,380	+3.5%	10.73%
ABT	Abbott Laboratories Healthcare	Reduced	67,028	-159	$6,624,377	+8.7%	5.50%
SLV	iShares Silver Trust	Added	113,589	+350	$6,191,736	+2.3%	5.14%
CLOI	VanEck CLO ETF	Added	91,294	+13,392	$4,835,843	+17.2%	4.02%
LENS	Sarmaya Thematic ETF	Added	107,129	+98,129	$4,592,405	+1215.5%	3.82%
BKDV	BNY Mellon Dynamic Value ETF	Added	135,525	+41,737	$4,567,192	+45.4%	3.79%
FDRR	Fidelity Dividend ETF for Rising Rates	Added	53,130	+1,410	$3,622,934	+8.0%	3.01%
PANW	Palo Alto Networks Inc Technology	Added	9,110	+552	$3,619,494	+24.0%	3.01%
OAKM	Oakmark U.S. Large Cap ETF	Added	105,779	+28,313	$3,105,671	+42.3%	2.58%
VIG	Vanguard Specialized Funds	Added	13,094	+391	$3,054,961	+1.6%	2.54%
SPY	Spdr S&P 500 ETF Trust	Reduced	3,803	-250	$2,900,281	−4.2%	2.41%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Held	18,606	0	$2,725,406	−3.7%	2.26%
IOVA	Iovance Biotherapeutics, Inc. Healthcare	Added	176,492	+41,492	$2,615,611	+365.7%	2.17%
NIC	Nicolet Bankshares Inc Financial Services	Added	14,974	+517	$2,441,061	+2.1%	2.03%
FBND	Fidelity Total Bond ETF	Held	55,170	0	$2,388,861	−4.8%	1.98%
FELG	Fidelity Enhanced Large Cap Growth ETF	Added	41,860	+2,969	$1,887,467	+10.9%	1.57%
FESM	Fidelity Enhanced Small Cap Core ETF	NEW	39,415	NEW	$1,771,704	NEW	1.47%
JQUA	JPMorgan U.S. Quality Factor ETF	NEW	22,555	NEW	$1,664,559	NEW	1.38%
VXX		Added	82,700	+19,000	$1,456,347	+3.5%	1.21%
NVDA	Nvidia Corp Technology	Added	6,337	+362	$1,447,244	+21.1%	1.20%
JAVA	JPMorgan Active Value ETF	Reduced	17,932	-244	$1,429,539	−1.0%	1.19%
DOG	ProShares Short Dow30	Held	63,000	0	$1,403,010	+3.0%	1.17%
LNT	Alliant Energy Corp Utilities	Held	20,183	0	$1,277,583	−17.0%	1.06%
CNEQ	Alger Concentrated Equity ETF	Added	30,541	+13,672	$1,240,880	+78.2%	1.03%
GBIL	Goldman Sachs ETF Trust	Reduced	12,324	-71	$1,233,755	−0.6%	1.03%
ZALT		Reduced	35,137	-8,408	$1,213,631	−17.7%	1.01%
CPSM	Calamos S&P 500 Structured Alt Protection ETF - May	Held	39,000	0	$1,154,470	+1.2%	0.96%
FBCG	Fidelity Covington Trust	Reduced	18,163	-455	$1,148,083	−0.7%	0.95%
POCT		Reduced	20,424	-1,058	$978,105	−1.9%	0.81%
FRDM	Freedom 100 Emerging Markets ETF	Reduced	13,507	-1,387	$944,949	−13.0%	0.79%
TEM	Tempus AI, Inc. Healthcare	Reduced	11,250	-1,000	$921,375	+29.8%	0.77%
AMZN	Amazon Com Inc Consumer Cyclical	Added	3,413	+164	$850,348	+9.8%	0.71%
STBF	Performance Trust Short Term Bond ETF	NEW	33,449	NEW	$831,876	NEW	0.69%
AAPL	Apple Inc. Technology	Added	2,493	+400	$830,218	+37.1%	0.69%
FCOR	Fidelity Corporate Bond ETF	Added	17,172	+204	$766,558	−4.2%	0.64%
SPCX	Space Exploration Technologies Corp Industrials	Added	4,920	+2,120	$742,231	+55.1%	0.62%
QBUF		Held	23,943	0	$739,120	+0.3%	0.61%
MSFT	Microsoft Corp Technology	Added	1,434	+133	$735,498	+51.6%	0.61%
RBUF		Added	23,222	+2,400	$719,882	+11.2%	0.60%
GOOG	Alphabet Inc. Communication Services	Added	2,048	+19	$697,835	−2.7%	0.58%
SH	ProShares Short S&P500	Held	21,337	0	$691,318	−1.9%	0.57%
XHLF	BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	Added	12,744	+213	$640,386	+1.6%	0.53%
APP	AppLovin Corp Communication Services	NEW	2,194	NEW	$637,203	NEW	0.53%
GCAD	Gabelli Commercial Aerospace and Defense Fund	NEW	13,000	NEW	$630,630	NEW	0.52%
OILK	ProShares K-1 Free Crude Oil ETF	NEW	10,000	NEW	$579,800	NEW	0.48%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	1,542	+537	$577,078	+55.2%	0.48%
TMDX	TransMedics Group, Inc. Healthcare	Added	6,660	+660	$555,777	+39.5%	0.46%
AQST	Aquestive Therapeutics, Inc. Healthcare	Added	117,060	+34,000	$541,987	+56.9%	0.45%
PAUG		Reduced	10,667	-566	$497,615	−2.9%	0.41%

Showing the top 50 of 88 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.