Black Maple Capital Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Black Maple Capital Management LP maintained a portfolio of 114 distinct positions. The most significant new addition to the portfolio was OSISKO DEVELOPMENT C, which now represents 3.95% of the total fund value. They heavily accumulated shares in WESTERN ALLIANCE BAN, increasing their position by 103.3%. The fund also reduced its exposure to ANTERO RESOURCES COR by 95.4%.
PCA Score Concentration Risk
Risk ENB
Total Positions
114
Quarter
2025 Q4
Top Holding
SPY (13.6%)
Top 10 Concentration
54.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 114
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SPY
SPDR S&P 500 ET...
ETF 13.64% 13.65% #1 1
Prev: #2
6.0 -13,700 -32.4%
P
S
28,583 $19,491,319 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WAL
WESTERN ALLIANC...
Financial Services 6.52% 2.29% #2 7
Prev: #9
7.1 56,284 103.3%
P
S
110,776 $9,312,938 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
PUT
PUT Option 5.25% 27.28% #3 2
Prev: #1
3.1 -73,500 -87.0%
P
S
11,000 $7,501,120 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PNFP
PINNACLE FINL P...
Financial Services 5.25% 3.62% #4
Prev: #4
3.1 -1,078 -1.4%
P
S
78,559 $7,495,314 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HBAN
HUNTINGTON BANC...
Financial Services 5.22% 0.45% #5 34
Prev: #39
5.6 377,000 707.3%
P
S
430,300 $7,465,705 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RSP
INVESCO EXCHANG...
Unknown 4.70% 3.31% #6 1
Prev: #5
2.4 -1,000 -2.8%
P
S
35,050 $6,714,178 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ODV
OSISKO DEVELOPM...
Basic Materials 3.95% #7
Prev: #—
5.1 1,618,010 no change
NEW
1,618,010 $5,646,855 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EQT
EQT CORP
Energy 3.68% 2.36% #8 1
Prev: #7
3.5 8,696 9.7%
P
S
98,039 $5,254,890 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 3.29% 1.66% #9 4
Prev: #13
4.3 22,500 64.3%
P
S
57,500 $4,698,325 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OZK
BANK OZK LITTLE...
Financial Services 2.98% 0.10% #10 66
Prev: #76
4.2 88,672 2216.8%
P
S
92,672 $4,264,765 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 2.73% 1.56% #11 3
Prev: #14
3.6 1,550 35.5%
P
S
5,920 $3,907,733 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BANC
BANC OF CALIFOR...
Financial Services 2.33% 0.77% #12 11
Prev: #23
3.9 76,343 79.3%
P
S
172,612 $3,329,685 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EWJ
ISHARES INC
ETF 2.21% 1.52% #13 2
Prev: #15
1.9 no change no change
P
S
39,159 $3,161,698 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EOG
EOG RES INC
Energy 2.13% #14
Prev: #—
4.4 29,000 no change
NEW
29,000 $3,045,290 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EWU
ISHARES TR
ETF 2.08% 1.04% #15 3
Prev: #18
3.3 16,400 32.0%
P
S
67,610 $2,973,488 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ALK
ALASKA AIR GROU...
Industrials 1.99% #16
Prev: #—
4.3 56,500 no change
NEW
56,500 $2,841,950 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MBIN
MERCHANTS BANCO...
Financial Services 1.96% 1.99% #17 7
Prev: #10
0.8 -47,005 -36.4%
P
S
82,092 $2,796,054 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FEZ
SPDR INDEX SHS ...
Unknown 1.43% 0.96% #18 2
Prev: #20
1.6 no change no change
P
S
31,800 $2,047,602 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SNV
SYNOVUS FINL CO...
Financial Services 1.39% 0.54% #19 10
Prev: #29
3.6 16,900 74.1%
P
S
39,700 $1,986,985 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BAC
BANK AMERICA CO...
Financial Services 1.32% #20
Prev: #—
4.0 34,300 no change
NEW
34,300 $1,886,500 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KCCA
KRANESHARES TRU...
Unknown 1.24% 0.87% #21
Prev: #21
1.5 no change no change
P
S
105,517 $1,773,741 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
INDA
ISHARES TR
ETF 1.13% 0.58% #22 5
Prev: #27
3.0 7,000 30.4%
P
S
30,000 $1,621,500 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LIEN
CHICAGO ATLANTI...
Financial Services 0.98% 0.80% #23 1
Prev: #22
0.9 -20,676 -13.2%
P
S
135,920 $1,404,054 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DDI
DOUBLEDOWN INTE...
Communication Services 0.98% 0.45% #24 16
Prev: #40
3.4 63,324 64.3%
P
S
161,768 $1,396,058 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LNSR
LENSAR INC
Healthcare 0.95% 0.70% #25 1
Prev: #24
1.4 no change no change
P
S
117,340 $1,364,664 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
XLC
SELECT SECTOR S...
ETF 0.90% 0.63% #26
Prev: #26
1.4 no change no change
P
S
10,970 $1,291,388 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 0.88% 0.47% #27 7
Prev: #34
1.4 no change no change
P
S
4,000 $1,255,200 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 0.88% 0.47% #28 7
Prev: #35
1.4 no change no change
P
S
4,000 $1,252,000 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MDY
SPDR S&P MIDCAP...
ETF 0.84% 0.29% #29 19
Prev: #48
3.3 1,000 100.0%
P
S
2,000 $1,206,560 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XME
SPDR SERIES TRU...
Unknown 0.76% 0.47% #30 3
Prev: #33
1.3 no change no change
P
S
10,500 $1,087,905 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EIDO
ISHARES TR
ETF 0.75% 0.49% #31 1
Prev: #32
1.3 no change no change
P
S
57,104 $1,067,845 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OSBC
OLD SECOND BANC...
Financial Services 0.67% 0.44% #32 9
Prev: #41
0.8 -3,500 -6.7%
P
S
49,000 $955,500 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ODV
OSISKO DEVELOPM...
PUT
PUT Option 0.61% 0.19% #33 30
Prev: #63
3.2 137,000 121.6%
P
S
249,700 $871,453 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRVL
MARVELL TECHNOL...
Technology 0.56% 0.43% #34 9
Prev: #43
0.7 -1,184 -11.2%
P
S
9,416 $800,172 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FNWD
FINWARD BANCORP
Financial Services 0.52% 0.47% #35 2
Prev: #37
0.2 -8,758 -29.2%
P
S
21,242 $747,506 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 0.52% #36
Prev: #—
3.7 3,220 no change
NEW
3,220 $743,240 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NOG
NORTHERN OIL & ...
Energy 0.50% #37
Prev: #—
3.7 33,600 no change
NEW
33,600 $721,392 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
INR
INFINITY NAT RE...
Energy 0.50% #38
Prev: #—
3.7 48,928 no change
NEW
48,928 $720,709 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GDXJ
VANECK ETF TRUS...
ETF 0.48% #39
Prev: #—
3.7 6,050 no change
NEW
6,050 $688,369 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NECB
NORTHEAST CMNTY...
Financial Services 0.48% 0.55% #40 12
Prev: #28
0.2 -24,776 -44.9%
P
S
30,371 $686,688 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KRE
SPDR SERIES TRU...
Unknown 0.48% 0.26% #41 10
Prev: #51
2.7 2,000 23.5%
P
S
10,500 $680,505 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SIMO
SILICON MOTION ...
Technology 0.47% #42
Prev: #—
3.7 7,300 no change
NEW
7,300 $676,710 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
XLK
SELECT SECTOR S...
Unknown 0.46% 0.31% #43 4
Prev: #47
3.2 2,260 100.0%
P
S
4,520 $650,744 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADBE
ADOBE INC
Technology 0.44% 0.22% #44 12
Prev: #56
2.7 500 38.5%
P
S
1,800 $629,982 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FCX
FREEPORT-MCMORA...
Basic Materials 0.43% 0.23% #45 10
Prev: #55
1.2 no change no change
P
S
12,000 $609,480 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NXE
NEXGEN ENERGY L...
Energy 0.43% 0.37% #46 1
Prev: #45
0.2 -20,000 -23.2%
P
S
66,200 $609,040 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AR
ANTERO RESOURCE...
Energy 0.39% 5.64% #47 44
Prev: #3
0.2 -330,566 -95.4%
P
S
16,100 $554,806 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ALRS
ALERUS FINL COR...
Financial Services 0.39% 0.12% #48 23
Prev: #71
3.2 13,624 124.4%
P
S
24,576 $553,452 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IBTH
ISHARES TR
Bond/Debt 0.31% 0.22% #49 8
Prev: #57
1.1 no change no change
P
S
20,000 $449,400 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IBTI
ISHARES TR
Bond/Debt 0.31% 0.22% #50 8
Prev: #58
1.1 no change no change
P
S
20,000 $447,300 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 114 holdings

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