Fund Holdings

Black Maple Capital Management LP

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
STATE STR SPDR S&P 500 ETF T(SPY)(Put)11,00047,700+36,7007,501,12031,021,218+23,520,098
EXPAND ENERGY CORPORATION(EXE)068,398+68,39807,508,7325.77%+7,508,732
STATE STR SPDR S&P 500 ETF T(SPY)28,58341,484+12,90119,491,31926,978,70520.72%+7,487,386
PINNACLE FINL PARTNERS INC(PNFP)085,549+85,54907,369,1915.66%+7,369,191
ISHARES TR(Put)050,000+50,00003,978,000+3,978,000
ALASKA AIR GROUP INC56,500172,600+116,1002,841,9506,348,2284.88%+3,506,278
BANK AMERICA CORP34,30096,871+62,5711,886,5004,722,4613.63%+2,835,961
MICROSOFT CORP(MSFT)07,106+7,10602,630,4282.02%+2,630,428
MICROSOFT CORP(MSFT)(Put)06,500+6,50002,406,105+2,406,105
CAPITAL ONE FINL CORP(COF)012,900+12,90002,353,3471.81%+2,353,347
ISHARES INC018,000+18,00002,214,1801.70%+2,214,180
SYNCHRONY FINANCIAL(SYF)031,500+31,50002,142,6301.65%+2,142,630
SPDR INDEX SHS FDS
ST STR EU 50 ETF
031,800+31,80001,974,1441.52%+1,974,144
ISHARES INC(Put)015,000+15,00001,845,150+1,845,150
SELECT SECTOR SPDR TR
ST STR FINL ETF
035,000+35,00001,727,9501.33%+1,727,950
SELECT SECTOR SPDR TR(Put)
ST STR FINL ETF
035,000+35,00001,727,950+1,727,950
ORACLE CORP(ORCL)010,350+10,35001,522,5881.17%+1,522,588
ORACLE CORP(ORCL)(Put)010,000+10,00001,471,100+1,471,100
BANC OF CALIFORNIA INC(BANC)172,612249,621+77,0093,329,6854,388,3373.37%+1,058,652
AGNICO EAGLE MINES LTD(AEM)(Call)05,000+5,00001,014,900+1,014,900
COMSTOCK INC0325,134+325,1340991,6590.76%+991,659
SPDR SERIES TRUST(Call)
ST STR SP HOME
010,000+10,0000987,200+987,200
MICRON TECHNOLOGY INC(MU)(Call)02,500+2,5000844,600+844,600
ISHARES TR022,000+22,0000789,8000.61%+789,800
LYFT INC(LYFT)058,000+58,0000771,4000.59%+771,400
VANECK ETF TRUST(Put)
SEMICONDUCTR ETF
02,000+2,0000766,800+766,800
VANECK ETF TRUST
SEMICONDUCTR ETF
02,000+2,0000766,8000.59%+766,800
BROADCOM INC(AVGO)02,295+2,2950710,3250.55%+710,325
VANECK ETF TRUST
GOLD MINERS ETF
07,500+7,5000688,2750.53%+688,275
WELLS FARGO & CO(WFC)08,500+8,5000676,6850.52%+676,685
STATE STR SPDR S&P 500 ETF T(SPY)(Call)01,000+1,0000650,340+650,340
SPDR SERIES TRUST(Put)
ST STR SP METAL
06,000+6,0000648,060+648,060
STATE STR SPDR S&P MIDCAP 40(MDY)(Put)01,000+1,0000616,760+616,760
VANECK ETF TRUST(Put)
GOLD MINERS ETF
06,500+6,5000596,505+596,505
ELME COMMUNITIES0269,317+269,3170541,3270.42%+541,327
DUOS TECHNOLOGIES GROUP INC063,707+63,7070437,0300.34%+437,030
RAYONIER INC(RYN)020,000+20,0000412,4000.32%+412,400
UBER TECHNOLOGIES INC(UBER)(Call)05,000+5,0000359,650+359,650
ADVANCED FLOWER CAP INC0110,912+110,9120312,7720.24%+312,772
KRANESHARES TRUST105,517140,517+35,0001,773,7412,082,4621.60%+308,721
POET TECHNOLOGIES INC(POET)045,500+45,5000270,2700.21%+270,270
PRINCETON BANCORP INC07,118+7,1180240,3750.18%+240,375
ISHARES ETHEREUM TR(ETHA)013,000+13,0000205,7900.16%+205,790
COMMUNITY HEALTHCARE TR INC11,34022,258+10,918186,203353,6800.27%+167,477
ISHARES TR10,00017,500+7,500219,450382,2520.29%+162,802
KYNDRYL HLDGS INC(KD)012,000+12,0000157,4400.12%+157,440
MORGAN STANLEY DIRECT LENDIN(MSDL)010,000+10,0000139,6000.11%+139,600
GOLDMAN SACHS BDC INC(GSBD)10,00025,000+15,00092,800222,0000.17%+129,200
META PLATFORMS INC(META)(Put)0200+2000114,426+114,426
OAKTREE SPECIALTY LENDING(OCSL)010,000+10,0000113,0000.09%+113,000
STAR HLDGS25,84140,970+15,129212,671310,1430.24%+97,472
FIRST BUSEY CORP(BUSE)12,35915,359+3,000294,021388,1220.30%+94,101
ISHARES ETHEREUM TR(ETHA)(Put)05,500+5,500087,065+87,065
ISHARES TR20,00023,250+3,250447,300518,0800.40%+70,780
FIRSTSUN CAP BANCORP(FSUN)6,3408,340+2,000238,606304,0760.23%+65,470
LITHIUM ARGENTINA AG(LAR)20,19120,1910112,666134,8760.10%+22,210
HEALTHPEAK PROPERTIES INC(DOC)25,00025,0000402,000410,7500.32%+8,750
KRANESHARES TRUST9,00011,000+2,000306,450312,7300.24%+6,280
ISHARES INC6,0006,0000323,460325,8600.25%+2,400
ISHARES TR20,00020,0000449,400448,6000.34%-800
ISHARES TR5,0005,0000264,400262,8000.20%-1,600
SPDR GOLD TR(GLD)1,1001,000-100435,941430,2900.33%-5,651
US BANCORP(USB)8,0008,0000426,880416,0800.32%-10,800
SIGMA LITHIUM CORPORATION(SGML)14,28614,2860188,432176,2890.14%-12,143
BITFARMS LTD
COM
33,00033,000077,55064,3500.05%-13,200
NEXGEN ENERGY LTD(NXE)66,20050,000-16,200609,040580,0000.45%-29,040
DOUBLEDOWN INTERACTIVE CO LT161,768161,76801,396,0581,366,9401.05%-29,118
FVCBANKCORP INC23,97119,150-4,821333,437290,8880.22%-42,549
SELECT SECTOR SPDR TR
ST STR TECHN ETF
4,5204,5200650,744600,7080.46%-50,036
TESLA INC(TSLA)7857850353,030291,8240.22%-61,206
DIVERSIFIED HEALTHCARE TR(DHC)13,6840-13,68466,3670-66,367
AMAZON COM INC(AMZN)3,2203,2200743,240670,6290.52%-72,611
SITE CTRS CORP24,00015,000-9,000154,08081,0000.06%-73,080
1ST FINL BANCORP(FFBC)12,5008,556-3,944312,750238,5410.18%-74,209
SELECT SECTOR SPDR TR
ST STR SVC ETF
10,97010,97001,291,3881,216,1340.93%-75,254
ADVISORSHARES TR
PURE US CANN ETF
65,00065,0000306,800230,7500.18%-76,050
ALERUS FINL CORP24,57619,757-4,819553,452468,4380.36%-85,014
ARDMORE SHIPPING CORP10,0000-10,000105,9000-105,900
SECURITY NATL FINL CORP24,07811,311-12,767216,943107,2280.08%-109,715
DIVERSIFIED HEALTHCARE TR(DHC)(Call)25,3000-25,300122,7050-122,705
SPDR SERIES TRUST
ST STR SP REGBNK
10,5008,000-2,500680,505521,2000.40%-159,305
OLD SECOND BANCORP INC DEL(OSBC)49,00039,224-9,776955,500790,7560.61%-164,744
MARVELL TECHNOLOGY INC(MRVL)9,4166,350-3,066800,172628,9680.48%-171,204
INVESCO EXCHANGE TRADED FD T
S&P500 EQL WGT
35,05034,050-1,0006,714,1786,534,8765.02%-179,302
INFINITY NAT RES INC48,92830,709-18,219720,709540,7850.42%-179,924
CHICAGO ATLANTIC BDC INC135,920130,920-5,0001,404,0541,222,7930.94%-181,261
NUSCALE PWR CORP(SMR)13,0000-13,000184,2100-184,210
SPDR GOLD TR(GLD)(Put)5000-500198,1550-198,155
BANC OF CALIFORNIA INC(BANC)(Call)18,9008,900-10,000364,581156,462-208,119
CITIZENS CMNTY BANCORP INC M11,7180-11,718208,8150-208,815
MICRON TECHNOLOGY INC(MU)1,000210-790285,41070,9460.05%-214,464
FINWARD BANCORP21,24214,678-6,564747,506532,8110.41%-214,695
ALPHABET INC(GOOG)4,0003,500-5001,252,0001,006,4600.77%-245,540
BURFORD CAPITAL LIMITED
ORD SHS
48,66238,662-10,000434,065174,7520.13%-259,313
TECK RESOURCES LTD(TECK)5,7000-5,700272,9730-272,973
STATE STR SPDR S&P MIDCAP 40(MDY)2,0001,500-5001,206,560925,1400.71%-281,420
KIMBERLY-CLARK CORP(KMB)3,0000-3,000302,6700-302,670
INDEPENDENT BK CORP MICH10,7690-10,769350,3160-350,316
DELL TECHNOLOGIES INC(DELL)3,0000-3,000377,6400-377,640
SALESFORCE INC(CRM)1,5000-1,500397,3650-397,365
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