Sugar Maple Asset Management, LLC

Q4 2025 13F-HR Holdings

Location
Sister Bay, WI
Holdings as of
12/31/2025
Date filed
1/20/2026
Form type
13F-HR
Num holdings
84
Total value ($000)
$148,733
Net value change ($000)
+8,944 (6.4%)
New positions
13
Sold out positions
10
Turnover %
9.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/29/2025 Next filing: 4/21/2026 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)
SLV 2,875 60.9%
FBND 2,348 NEW
GLD 2,288 20.0%
DOG 2,114 NEW
SLQD 1,957 128.8%
BKDV 1,198 NEW
FBCG 884 NEW
TCAF 793 22.1%
OAKM 654 67.3%
SHY 497 8.3%
Top Reduces (Value $000, Stocks/ETFs)
PSFF -2,540 -90.4%
ATMP -1,371 -78.4%
SH -1,343 -100.0%
DOCU -697 -100.0%
FWRD -664 -100.0%
ABT -579 -6.5%
PSQ -528 -100.0%
TFLO -518 -4.9%
RBRK -494 -100.0%
SPMO -484 -46.3%
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