Maple Capital Management, Inc.

13F equity value

$1.5B

Positions

119

Top 10 concentration

54.2%

Quarters / total new picks

32 / 135

13F equity value over time

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +4.3% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 62.5% of quarters (excess t = 0.38, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess

+0.7%

t-stat

0.38

Quarterly win rate

63%

Annualized excess

+6.1%

$1 → follow vs universe

$3.22 vs $2.09

Cumulative return: $1 invested in new picks vs universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 119 · 2026 Q1

Ticker	Value	Weight	QoQ
AAPL	$131M	8.8%	HOLD
GOOG	$121M	8.1%	TRIM
NVDA	$115M	7.7%	HOLD
MSFT	$96M	6.5%	HOLD
AMZN	$86M	5.7%	HOLD
COST	$63M	4.2%	HOLD
META	$57M	3.8%	HOLD
IJR	$48M	3.2%	HOLD
JPM	$47M	3.1%	TRIM
TXN	$46M	3.1%	HOLD
LLY	$44M	2.9%	HOLD
JNJ	$42M	2.8%	HOLD
MA	$41M	2.7%	HOLD
CVX	$37M	2.5%	HOLD
TJX	$36M	2.4%	HOLD
HON	$35M	2.4%	HOLD
AMAT	$34M	2.3%	HOLD
MS	$30M	2.0%	TRIM
AVGO	$27M	1.8%	ADD
HD	$25M	1.7%	TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AMGN CF IEMG LIN RTX T TSM

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.