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Black Maple Capital Management LP — 13F Holdings & Portfolio

CIK 1588959 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Black Maple Capital Management LP manages $176.1M in 13F-reported U.S. long-equity assets across 94 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (17.81%), SPY (7.08%), EXE (6.61%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 16 new positions and exited 14; 36 existing positions rose in reported value and 20 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$176.1M

Long-equity book

Holdings
94

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+16 / −14 / ↑36 / ↓20

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
SPY21.0% · +1%EXE7.8% · +86%PNFP5.1% · -11%HBAN4.7% · -1%ALK4.7% · -23%TFC4.4% · newAVGO4.4% · +648%RSP4.1% · -15%UBER3.5% · +38%COF2.4% · +40%MSFT2.4% · +36%EWY2.2% · -8%WAL2.0% · -57%FSUN1.8% · +734%WFC1.8% · +276%KCCA1.6% · 0%FEZ1.5% · 0%EWU1.3% · -24%EWJ1.3% · 0%XLF1.3% · 0%DDI1.2% · -4%ORCL1.0% · 0%GOOGL0.9% · +9%SMH0.9% · 0%LIEN0.9% · 0%AMZN0.8% · +60%XLC0.8% · 0%FXI0.7% · +54%MDY0.7% · 0%INDA0.7% · 0%SOC0.6% · newXLK0.6% · 0%BANC0.5% · -85%GOOG0.5% · newLODE0.5% · -50%XME0.4% · 0%GDX0.4% · +13%IBTI0.4% · +17%KRE0.4% · 0%DUOT0.3% · -38%NXE0.3% · 0%ELME0.3% · +17%FNWD0.3% · -17%IBTH0.3% · 0%RYN0.3% · 0%USB0.3% · -12%CHCT0.3% · 0%IBTJ0.3% · 0%STHO0.3% · 0%GLD0.2% · 0%EWP0.2% · 0%GSBD0.2% · +50%NXPI0.2% · newMSOS0.2% · 0%TSLA0.2% · 0%INR0.2% · -21%AFCG0.2% · -17%C0.2% · newOSBC0.2% · -69%TSAT0.2% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 62.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Assets Under Management
$352.9M
Discretionary
$352.9M
Employees
9
Accounts
8
Address
833 EAST MICHIGAN STREET
SUITE 750
MILWAUKEE, WI 53202
Phone
(414) 294-7777
Website
Name Title / Status Ownership Type
BARNARD, ROBERT, JAMES ControlCHIEF EXECUTIVE OFFICER / CHIEF INVESTMENT OFFICER OF BLACK MAPLE CAPITAL MANAGEMENT LP25–50%Individual
BARNARD, ROBERT, JAMES ControlMANAGING MEMBER75% or moreIndividual
BLACK MAPLE CAPITAL HOLDINGS LLC ControlGENERAL PARTNER OF BLACK MAPLE CAPITAL MANAGEMENT LP5–10%Domestic Entity
EVERS, BENJAMIN, JOSEPH ControlCHIEF COMPLIANCE OFFICER / ANTI-MONEY LAUNDERING COMPLIANCE OFFICER OF BLACK MAPLE CAPITAL MANAGEMENT LPLess than 5%Individual
GEMOLL, BRIAN, RICHARD ControlCHIEF FINANCIAL OFFICER OF BLACK MAPLE CAPITAL MANAGEMENT LPLess than 5%Individual
NIMANI, VETON ControlCHIEF RISK OFFICER OF BLACK MAPLE CAPITAL MANAGEMENT LP10–25%Individual
NIMANI, VETON ControlMEMBER25–50%Individual
ROTH, MICHAEL, ANTHONYPASSIVE LIMITED PARTNER OF BLACK MAPLE CAPITAL MANAGEMENT LP5–10%Individual
STARK, BRIAN, JAYPASSIVE LIMITED PARTNER OF BLACK MAPLE CAPITAL MANAGEMENT LP5–10%Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Black Maple Capital Management LP Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $31.4M 17.81% 42,006 SH
2 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $12.5M 7.08% 16,700 SH
3 EXPAND ENERGY CORPORATION EXE 165167735 $11.6M 6.61% 127,578 SH
4 PINNACLE FINL PARTNERS INC PNFP 72348N109 $7.7M 4.34% 75,834 SH
5 HUNTINGTON BANCSHARES INC HBAN 446150104 $7.0M 3.98% 395,356 SH
6 ALASKA AIR GROUP INC ALK 011659109 $6.9M 3.94% 133,000 SH
7 TRUIST FINL CORP TFC 89832Q109 $6.6M 3.76% 133,000 SH
8 BROADCOM INC AVGO 11135F101 $6.5M 3.68% 17,172 SH
9 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $6.1M 3.49% 28,900 SH
10 UBER TECHNOLOGIES INC UBER 90353T100 $5.2M 2.94% 71,642 SH
11 CAPITAL ONE FINL CORP COF 14040H105 $3.6M 2.06% 18,100 SH
12 MICROSOFT CORP MSFT 594918104 $3.6M 2.05% 9,656 SH
13 ISHARES INC EWY 464286772 $3.3M 1.89% 16,500 SH
14 ISHARES INC Put EWY 464286772 $3.0M 1.72% 15,000 SH
15 WESTERN ALLIANCE BANCORP WAL 957638109 $3.0M 1.68% 36,079 SH
16 FIRSTSUN CAP BANCORP FSUN 33767U107 $2.7M 1.53% 69,544 SH
17 WELLS FARGO & CO WFC 949746101 $2.6M 1.50% 32,000 SH
18 BROADCOM INC Put AVGO 11135F101 $2.5M 1.39% 6,500 SH
19 MICROSOFT CORP Put MSFT 594918104 $2.4M 1.38% 6,500 SH
20 KRANESHARES TRUST KCCA 500767553 $2.4M 1.36% 140,517 SH
21 SPDR INDEX SHS FDS FEZ 78463X202 $2.2M 1.24% 31,800 SH
22 ISHARES TR EWU 46435G334 $1.9M 1.11% 42,230 SH
23 ISHARES INC EWJ 46434G822 $1.9M 1.09% 20,659 SH
24 SELECT SECTOR SPDR TR XLF 81369Y605 $1.9M 1.07% 35,000 SH
25 SELECT SECTOR SPDR TR Put XLF 81369Y605 $1.9M 1.07% 35,000 SH
26 DOUBLEDOWN INTERACTIVE CO LT DDI 25862B109 $1.8M 1.01% 155,556 SH
27 ORACLE CORP ORCL 68389X105 $1.5M 0.86% 10,350 SH
28 ORACLE CORP Put ORCL 68389X105 $1.5M 0.83% 10,000 SH
29 ALPHABET INC GOOGL 02079K305 $1.4M 0.77% 3,800 SH
30 VANECK ETF TRUST Put SMH 92189F676 $1.3M 0.74% 2,000 SH
31 VANECK ETF TRUST SMH 92189F676 $1.3M 0.74% 2,000 SH
32 CHICAGO ATLANTIC BDC INC LIEN 828174102 $1.3M 0.73% 130,920 SH
33 AMAZON COM INC AMZN 023135106 $1.2M 0.70% 5,163 SH
34 SELECT SECTOR SPDR TR XLC 81369Y852 $1.2M 0.67% 10,970 SH
35 ISHARES TR FXI 464287184 $1.1M 0.61% 34,000 SH
36 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $1.1M 0.60% 1,500 SH
37 ISHARES TR INDA 46429B598 $1.0M 0.57% 20,300 SH
38 SABLE OFFSHORE CORP SOC 78574H104 $912.0K 0.52% 296,112 SH
39 SELECT SECTOR SPDR TR XLK 81369Y803 $861.1K 0.49% 4,520 SH
40 BANC OF CALIFORNIA INC BANC 05990K106 $747.4K 0.42% 36,584 SH
41 ALPHABET INC GOOG 02079K107 $706.7K 0.40% 2,000 SH
42 STATE STR SPDR S&P MIDCAP 40 Put MDY 78467Y107 $703.3K 0.40% 1,000 SH
43 COMSTOCK INC LODE 205750409 $679.5K 0.39% 163,338 SH
44 SPDR SERIES TRUST Put XME 78464A755 $641.6K 0.36% 6,000 SH
45 SPDR SERIES TRUST XME 78464A755 $641.6K 0.36% 6,000 SH
46 VANECK ETF TRUST GDX 92189F106 $641.3K 0.36% 8,500 SH
47 ISHARES TR IBTI 46436E833 $603.3K 0.34% 27,250 SH
48 SPDR SERIES TRUST KRE 78464A698 $598.8K 0.34% 8,000 SH
49 VANECK ETF TRUST Put GDX 92189F106 $490.4K 0.28% 6,500 SH
50 DUOS TECHNOLOGIES GROUP INC DUOT 266042407 $470.0K 0.27% 39,168 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $176.1M 94 0001214659-26-010360
2026-03-31 2026-05-15 $179.5M 98 0001214659-26-006446
2025-12-31 2026-02-17 $142.9M 86 0001214659-26-001958
2025-09-30 2025-11-14 $206.4M 93 0001214659-25-016615
Filer Information
Address
833 E MICHIGAN STREET
SUITE 750
MILWAUKEE, WI 53202
Phone
(414) 294-7777
Filing Manager
Black Maple Capital Management LP
MILWAUKEE, WI
Signatory
Benjamin Evers
Chief Compliance Officer