Sugar Maple Asset Management, LLC

Q3 2025 13F-HR Holdings

Location
Sister Bay, WI
Holdings as of
9/30/2025
Date filed
10/29/2025
Form type
13F-HR
Num holdings
80
Total value ($000)
$139,789
Net value change ($000)
+11,514 (9.0%)
New positions
13
Sold out positions
9
Turnover %
4.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/15/2025 Next filing: 1/20/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
ABBV 2,590 24.6%
SLV 1,760 59.4%
ATMP 1,147 190.8%
SPY 863 51.7%
IVV 804 8.6%
JXX 713 NEW
DOCU 697 NEW
STIP 545 8.2%
PSQ 528 NEW
SH 496 58.6%
Top Reduces (Value $000, Stocks/ETFs)
XHLF -1,105 -74.7%
PSFF -927 -24.8%
JAVA -453 -26.2%
VIG -445 -12.0%
IHAK -322 -100.0%
SKYT -253 -100.0%
SPMO -247 -19.1%
SNAP -232 -100.0%
TFLO -228 -2.1%
SDY -223 -7.7%
Instrument mix + QoQ Δ (ex-options)
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