Q4 2025 · 13F-HR
Black Maple Capital Management LPholdings as filed
Filed 2026-02-17 · accession 0001214659-26-001958
$142.9M
Reported value
86
Positions
2025-12-31
Period end
The Brief · Black Maple Capital Management LP · Q4 2025
AI · grounded in 13F
Black Maple Capital Management LP closed its position in 89bio Inc ETNBGBP, reducing exposure by $4.7M. The fund also exited positions in Expand Energy Corporation EXE and Lyft Inc LYFT, totaling $3.7M and $3.4M respectively. On the buy side, the fund established new positions in EOG Res Inc EOG for $3.0M and Alaska Air Group Inc ALK for $2.8M. Additionally, the fund accumulated shares in Bank OZK Little Rock Ark OZK, increasing its position by 2,216.8%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $19.5M | 13.6% | 28,583 | Common | SOLE |
| 957638109 | WAL | WESTERN ALLIANCE BANCORP | $9.3M | 6.52% | 110,776 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $7.5M | 5.25% | 11,000 | PUT | SOLE |
| 72346Q104 | — | PINNACLE FINL PARTNERS INC | $7.5M | 5.25% | 78,559 | Common | SOLE |
| 446150104 | HBAN | HUNTINGTON BANCSHARES INC | $7.5M | 5.22% | 430,300 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $6.7M | 4.70% | 35,050 | Common | SOLE |
| 68828E809 | ODV | OSISKO DEVELOPMENT CORP | $5.6M | 3.95% | 1,618,010 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $5.3M | 3.68% | 98,039 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $4.7M | 3.29% | 57,500 | Common | SOLE |
| 06417N103 | OZK | BANK OZK LITTLE ROCK ARK | $4.3M | 2.98% | 92,672 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $3.9M | 2.73% | 5,920 | Common | SOLE |
| 05990K106 | BANC | BANC OF CALIFORNIA INC | $3.3M | 2.33% | 172,612 | Common | SOLE |
| 46434G822 | EWJ | ISHARES INC | $3.2M | 2.21% | 39,159 | Common | SOLE |
| 26875P101 | EOG | EOG RES INC | $3.0M | 2.13% | 29,000 | Common | SOLE |
| 46435G334 | EWU | ISHARES TR | $3.0M | 2.08% | 67,610 | Common | SOLE |
| 011659109 | ALK | ALASKA AIR GROUP INC | $2.8M | 1.99% | 56,500 | Common | SOLE |
| 58844R108 | MBIN | MERCHANTS BANCORP IND | $2.8M | 1.96% | 82,092 | Common | SOLE |
| 78463X202 | FEZ | SPDR INDEX SHS FDS | $2.0M | 1.43% | 31,800 | Common | SOLE |
| 87161C501 | SYU1 | SYNOVUS FINL CORP | $2.0M | 1.39% | 39,700 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $1.9M | 1.32% | 34,300 | Common | SOLE |
| 500767553 | KCCA | KRANESHARES TRUST | $1.8M | 1.24% | 105,517 | Common | SOLE |
| 46429B598 | INDA | ISHARES TR | $1.6M | 1.13% | 30,000 | Common | SOLE |
| 828174102 | LIEN | CHICAGO ATLANTIC BDC INC | $1.4M | 0.98% | 135,920 | Common | SOLE |
| 25862B109 | DDI | DOUBLEDOWN INTERACTIVE CO LT | $1.4M | 0.98% | 161,768 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $1.4M | 0.95% | 117,340 | Common | SOLE |
| 81369Y852 | XLC | SELECT SECTOR SPDR TR | $1.3M | 0.90% | 10,970 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $1.3M | 0.88% | 4,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $1.3M | 0.88% | 4,000 | Common | SOLE |
| 78467Y107 | MDY | SPDR S&P MIDCAP 400 ETF TR | $1.2M | 0.84% | 2,000 | Common | SOLE |
| 78464A755 | XME | SPDR SERIES TRUST | $1.1M | 0.76% | 10,500 | Common | SOLE |
| 46429B309 | EIDO | ISHARES TR | $1.1M | 0.75% | 57,104 | Common | SOLE |
| 680277100 | OSBC | OLD SECOND BANCORP INC ILL | $955,500 | 0.67% | 49,000 | Common | SOLE |
| 68828E809 | ODV | OSISKO DEVELOPMENT CORP | $871,453 | 0.61% | 249,700 | PUT | SOLE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $800,172 | 0.56% | 9,416 | Common | SOLE |
| 31812F109 | FNWD | FINWARD BANCORP | $747,506 | 0.52% | 21,242 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $743,240 | 0.52% | 3,220 | Common | SOLE |
| 665531307 | NOG | NORTHERN OIL & GAS INC | $721,392 | 0.50% | 33,600 | Common | SOLE |
| 456941103 | INR | INFINITY NAT RES INC | $720,709 | 0.50% | 48,928 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $688,369 | 0.48% | 6,050 | Common | SOLE |
| 664121100 | NECB | NORTHEAST CMNTY BANCORP INC | $686,688 | 0.48% | 30,371 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $680,505 | 0.48% | 10,500 | Common | SOLE |
| 82706C108 | SIMO | SILICON MOTION TECHNOLOGY CO | $676,710 | 0.47% | 7,300 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $650,744 | 0.46% | 4,520 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $629,982 | 0.44% | 1,800 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $609,480 | 0.43% | 12,000 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $609,040 | 0.43% | 66,200 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $554,806 | 0.39% | 16,100 | Common | SOLE |
| 01446U103 | ALRS | ALERUS FINL CORP | $553,452 | 0.39% | 24,576 | Common | SOLE |
| 46436E841 | IBTH | ISHARES TR | $449,400 | 0.31% | 20,000 | Common | SOLE |
| 46436E833 | IBTI | ISHARES TR | $447,300 | 0.31% | 20,000 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $435,941 | 0.31% | 1,100 | Common | SOLE |
| G17977110 | BUR | BURFORD CAP LTD | $434,065 | 0.30% | 48,662 | Common | SOLE |
| 78454L100 | SM | SM ENERGY CO | $430,100 | 0.30% | 23,000 | Common | SOLE |
| 902973304 | USB | US BANCORP DEL | $426,880 | 0.30% | 8,000 | Common | SOLE |
| 42250P103 | DOC | HEALTHPEAK PROPERTIES INC | $402,000 | 0.28% | 25,000 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $397,365 | 0.28% | 1,500 | Common | SOLE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $377,640 | 0.26% | 3,000 | Common | SOLE |
| 05990K106 | BANC | BANC OF CALIFORNIA INC | $364,581 | 0.26% | 18,900 | CALL | SOLE |
| 88160R101 | TSLA | TESLA INC | $353,030 | 0.25% | 785 | Common | SOLE |
| 453838609 | IBCP | INDEPENDENT BK CORP MICH | $350,316 | 0.25% | 10,769 | Common | SOLE |
| 36120Q101 | FVCB | FVCBANKCORP INC | $333,437 | 0.23% | 23,971 | Common | SOLE |
| 464286764 | EWP | ISHARES INC | $323,460 | 0.23% | 6,000 | Common | SOLE |
| 320209109 | FFBC | FIRST FINL BANCORP OH | $312,750 | 0.22% | 12,500 | Common | SOLE |
| 00768Y453 | MSOS | ADVISORSHARES TR | $306,800 | 0.21% | 65,000 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $306,450 | 0.21% | 9,000 | Common | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $302,670 | 0.21% | 3,000 | Common | SOLE |
| 319383204 | BUSE | FIRST BUSEY CORP | $294,021 | 0.21% | 12,359 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $285,410 | 0.20% | 1,000 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $272,973 | 0.19% | 5,700 | Common | SOLE |
| 464288646 | IGSB | ISHARES TR | $264,400 | 0.19% | 5,000 | Common | SOLE |
| 33767U107 | FSUN | FIRSTSUN CAP BANCORP | $238,606 | 0.17% | 6,340 | Common | SOLE |
| 46436E825 | IBTJ | ISHARES TR | $219,450 | 0.15% | 10,000 | Common | SOLE |
| 814785309 | SNFCA | SECURITY NATL FINL CORP | $216,943 | 0.15% | 24,078 | Common | SOLE |
| 85512G106 | STHO | STAR HLDGS | $212,671 | 0.15% | 25,841 | Common | SOLE |
| 174903104 | CZWI | CITIZENS CMNTY BANCORP INC M | $208,815 | 0.15% | 11,718 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $198,155 | 0.14% | 500 | PUT | SOLE |
| 826599102 | SGML | SIGMA LITHIUM CORPORATION | $188,432 | 0.13% | 14,286 | Common | SOLE |
| 20369C106 | CHCT | COMMUNITY HEALTHCARE TR INC | $186,203 | 0.13% | 11,340 | Common | SOLE |
| 67079K100 | SMR | NUSCALE PWR CORP | $184,210 | 0.13% | 13,000 | Common | SOLE |
| 82981J851 | SITC | SITE CTRS CORP | $154,080 | 0.11% | 24,000 | Common | SOLE |
| 25525P107 | DHC | DIVERSIFIED HEALTHCARE TR | $122,705 | 0.09% | 25,300 | CALL | SOLE |
| H5012F103 | LAR | LITHIUM ARGENTINA AG | $112,666 | 0.08% | 20,191 | Common | SOLE |
| Y0207T100 | ASC | ARDMORE SHIPPING CORP | $105,900 | 0.07% | 10,000 | Common | SOLE |
| 38147U107 | GSBD | GOLDMAN SACHS BDC INC | $92,800 | 0.06% | 10,000 | Common | SOLE |
| 09173B107 | 1B2 | BITFARMS LTD | $77,550 | 0.05% | 33,000 | Common | SOLE |
| 25525P107 | DHC | DIVERSIFIED HEALTHCARE TR | $66,367 | 0.05% | 13,684 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.