Black Maple Capital Management LP

Q4 2025 13F-HR Holdings

Location
Milwaukee, WI
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
86
Total value ($000)
$142,900
Net value change ($000)
-63,468 (-30.8%)
New positions
21
Sold out positions
16
Turnover %
28.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
HBAN 6,546 711.5%
ODV 5,647 NEW
WAL 4,587 97.1%
OZK 4,061 1990.7%
EOG 3,045 NEW
ALK 2,842 NEW
BAC 1,887 NEW
BANC 1,737 109.0%
UBER 1,269 37.0%
SNV 868 77.6%
Top Reduces (Value $000, Stocks/ETFs)
AR -11,079 -95.2%
SPY -8,677 -30.8%
USB -5,926 -93.3%
89bio, Inc. -4,728 -100.0%
EXE -3,712 -100.0%
COLB -2,851 -100.0%
MU -1,840 -86.6%
MBIN -1,309 -31.9%
INTC -1,074 -100.0%
CMA -1,014 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 9,058 (6.3% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type