Maple Capital Management, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Maple Capital Management, Inc. reported 106 stock positions worth $1.1 billion. Its top holding was Microsoft (MSFT) at 9.5% of the portfolio, followed by Apple (AAPL, 7.8%) and Nvidia (NVDA, 5.8%). Compared with Q4 2023, it opened 9 new positions, sold out of 3, added to 42 and reduced 47. The biggest buy was Amazon.com (AMZN, shares +9%) and the biggest sale Nike Class B (NKE, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- MONTPELIER, VT
- CIK
- 0001313893
- Portfolio Value
- $1.1B (Q1 2024)
- SEC Filing
- 0001313893-24-000002 ↗ filed May 9, 2024
Holdings Value
Holdings 106 stocks · $1.1B
| MSFT Microsoft Corp. | 9.53% | 249,102 | $104.8M | Add +0.9% |
| AAPL Apple Inc. | 7.76% | 497,261 | $85.3M | Add +0.9% |
| NVDA Nvidia Corp. | 5.81% | 70,734 | $63.9M | Reduce -9.2% |
| GOOG Alphabet Inc. Class C | 5.25% | 379,258 | $57.7M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 5.21% | 317,709 | $57.3M | Add +9.3% |
| META Meta Platforms Inc. Class A | 4.35% | 98,392 | $47.8M | Reduce -10.2% |
| COST Costco Wholesale Corp. | 3.98% | 59,776 | $43.8M | Reduce -16.3% |
| JPM JPMorgan Chase & Co. | 3.54% | 194,228 | $38.9M | Add +1.2% |
| ACN Accenture PLC Class A | 3.39% | 107,668 | $37.3M | Add +2.0% |
| LLY Eli Lilly & Co. | 3.29% | 46,472 | $36.2M | Reduce -2.0% |
| MA Mastercard Inc. Class A | 3.12% | 71,184 | $34.3M | Add +4.8% |
| TXN Texas Instruments Inc. | 3.12% | 196,590 | $34.2M | Add +1.9% |
| UNH Unitedhealth Group Inc. | 2.79% | 62,018 | $30.7M | Add +5.0% |
| HON Honeywell International Inc. | 2.71% | 145,112 | $29.8M | Add +2.7% |
| HD Home Depot Inc. | 2.48% | 71,209 | $27.3M | Add +37.4% |
| AXP American Express Co. | 2.39% | 115,541 | $26.3M | Add +2.3% |
| JNJ Johnson & Johnson | 2.32% | 161,137 | $25.5M | Add +2.8% |
| MS Morgan Stanley | 2.20% | 257,220 | $24.2M | Add +2.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.98% | 214,562 | $21.8M | Reduce -16.6% |
| CVX Chevron Corp. | 1.82% | 127,151 | $20.1M | Add +6.5% |
| ABT Abbott Laboratories | 1.73% | 167,649 | $19.1M | Add +0.6% |
| PEP Pepsico Inc. | 1.67% | 105,095 | $18.4M | Reduce -4.6% |
| CMG Chipotle Mexican Grill Inc. | 1.63% | 6,162 | $17.9M | Reduce -0.7% |
| SPGI S&P Global Inc. | 1.60% | 41,462 | $17.6M | Add +1.9% |
| AMAT Applied Materials Inc. | 1.41% | 74,916 | $15.4M | Reduce -6.8% |
| APD Air Products & Chemicals Inc. | 1.32% | 59,991 | $14.5M | Add +34.4% |
| CME Cme Group Inc. | 1.28% | 65,365 | $14.1M | Reduce -1.3% |
| ZTS Zoetis Inc. | 1.26% | 82,081 | $13.9M | Add +3.1% |
| STZ Constellation Brands Inc. Class A | 1.26% | 51,049 | $13.9M | Reduce -7.1% |
| ISRG Intuitive Surgical Inc. | 1.24% | 34,040 | $13.6M | Add +17.0% |
| DHR Danaher Corp. | 1.22% | 53,773 | $13.4M | Reduce -1.5% |
| LMT Lockheed Martin Corp. | 1.16% | 28,002 | $12.7M | Add +6.4% |
| ECL Ecolab Inc. | 0.93% | 44,439 | $10.3M | Add +4.0% |
| NKE Nike Inc. Class B | 0.65% | 76,422 | $7.2M | Reduce -42.4% |
| PG The Procter & Gamble Co. | 0.24% | 16,304 | $2.6M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 6,232 | $2.6M | Add +10.5% |
| IJH iShares Core S&P Midcap ETF | 0.20% | 35,810 | $2.2M | Add +21.9% |
| MRK Merck & Co. Inc. | 0.18% | 15,279 | $2.0M | Reduce -3.0% |
| IJR iShares Core S&P Small-Cap E | 0.17% | 17,099 | $1.9M | Add +22.6% |
| EFA iShares MSCI Eafe ETF | 0.16% | 22,287 | $1.8M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.16% | 14,819 | $1.7M | Reduce -3.0% |
| SCHD Schwab US DVD Equity ETF | 0.15% | 20,965 | $1.7M | Reduce -14.7% |
| IVV iShares Core S&P 500 ETF | 0.13% | 2,720 | $1.4M | Add +20.4% |
| ROP Roper Technologies Inc. | 0.12% | 2,365 | $1.3M | Reduce -6.2% |
| GOOGL Alphabet Inc. Class A | 0.11% | 8,216 | $1.2M | Add +6.8% |
| SBUX Starbucks Corp. | 0.11% | 12,949 | $1.2M | Reduce -3.4% |
| PNC PNC Financial Services Group | 0.10% | 6,847 | $1.1M | Reduce -30.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 2,000 | $1.0M | Add +0.9% |
| UNP Union Pacific Corp. | 0.09% | 3,961 | $974K | Reduce -4.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 2,085 | $926K | Add +9.9% |
| SHW The Sherwin-Williams Co. | 0.08% | 2,574 | $894K | No change |
| MCO Moody's Corp. | 0.08% | 2,205 | $867K | Reduce -0.1% |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 4,735 | $865K | Reduce -11.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 4,263 | $814K | Reduce -58.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.07% | 16,358 | $752K | Add +45.3% |
| MUB iShares National Muni Bond E | 0.06% | 6,486 | $698K | Reduce -1.7% |
| NEE Nextera Energy Inc. | 0.06% | 10,833 | $692K | Reduce -5.6% |
| ADP Automatic Data Processing | 0.06% | 2,760 | $689K | Reduce -3.2% |
| CSCO Cisco Systems Inc. | 0.06% | 13,585 | $678K | Add +1.4% |
| VZ Verizon Communications Inc. | 0.06% | 15,789 | $662K | Reduce -35.0% |
| PFE Pfizer Inc. | 0.06% | 21,943 | $609K | Reduce -9.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 4,948 | $605K | Reduce -10.6% |
| KO The Coca-Cola Co. | 0.05% | 9,703 | $594K | Reduce -5.8% |
| QCOM Qualcomm Inc. | 0.05% | 3,446 | $583K | Reduce -11.6% |
| VOO Vanguard S&P 500 ETF | 0.05% | 1,191 | $573K | Add +24.8% |
| MCD McDonald's Corp. | 0.05% | 1,892 | $533K | Reduce -0.4% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.05% | 8,065 | $529K | Add +2.5% |
| TSLA Tesla Inc. | 0.05% | 2,870 | $505K | Reduce -2.2% |
| ORCL Oracle Corp. | 0.04% | 3,779 | $475K | Add +48.7% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.04% | 8,655 | $462K | Add +10.5% |
| BSV Vanguard Short-Term Bond ETF | 0.04% | 5,912 | $453K | Add +51.6% |
| ADBE Adobe Inc. | 0.04% | 875 | $442K | Reduce -15.9% |
| WMT Walmart Inc. | 0.04% | 7,309 | $440K | Add +0.8% |
| VMC Vulcan Materials Co. | 0.04% | 1,574 | $430K | No change |
| IJS iShares S&P Small-Cap 600 Va | 0.04% | 4,141 | $426K | Add +7.8% |
| TRMK Trustmark Corp. | 0.04% | 14,428 | $406K | No change |
| CTAS Cintas Corp. | 0.04% | 581 | $399K | Add +5.8% |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 680 | $395K | New |
| MDT Medtronic PLC | 0.04% | 4,450 | $388K | Reduce -6.5% |
| MKC McCormick & Co.-Non VTG SHRS | 0.04% | 5,018 | $385K | Reduce -11.8% |
| GE General Electric | 0.03% | 2,142 | $376K | No change |
| ABBV Abbvie Inc. | 0.03% | 2,060 | $375K | Reduce -4.9% |
| BBY Best Buy Co. Inc. | 0.03% | 4,432 | $364K | Add +23.8% |
| IWB iShares Russell 1000 ETF | 0.03% | 1,210 | $348K | Add +0.2% |
| PLD Prologis Inc. | 0.03% | 2,628 | $342K | Reduce -0.6% |
| EW Edwards Lifesciences Corp. | 0.03% | 3,575 | $342K | Add +13.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.03% | 1,309 | $340K | New |
| VEA Vanguard Ftse Developed ETF | 0.03% | 6,750 | $339K | Add +24.5% |
| CAT Caterpillar Inc. | 0.03% | 896 | $328K | Reduce -3.7% |
| IDXX Idexx Laboratories Inc. | 0.03% | 605 | $327K | No change |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.03% | 3,886 | $323K | No change |
| T AT&T Inc. | 0.03% | 16,523 | $291K | Reduce -5.7% |
| BMY Bristol-Myers Squibb Co. | 0.03% | 5,299 | $287K | Reduce -5.4% |
| JEF Jefferies Financial Group Inc. | 0.03% | 6,316 | $279K | Reduce -4.3% |
| TCHP T Rowe Price Blue Chip Growt | 0.02% | 7,362 | $260K | New |
| DD Dupont DE Nemours Inc. | 0.02% | 3,158 | $242K | New |
| V Visa Inc. Class A | 0.02% | 849 | $237K | Reduce -2.8% |
| AMT American Tower Corp. | 0.02% | 1,164 | $230K | New |
| ROK Rockwell Automation Inc. | 0.02% | 750 | $218K | No change |
| AVGO Broadcom Inc. | 0.02% | 162 | $215K | Reduce -21.0% |
Portfolio Sells Q4 2023 → Q1 2024
| NKE Nike Inc. Class B | Reduce -42.4% | 0.65% | −0.79 |
| COST Costco Wholesale Corp. | Reduce -16.3% | 3.98% | −0.73 |
| TJX TJX Companies Inc. | Reduce -16.6% | 1.98% | −0.44 |
| PEP Pepsico Inc. | Reduce -4.6% | 1.67% | −0.20 |
| CME Cme Group Inc. | Reduce -1.3% | 1.28% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 5.25% | −0.10 |
| IBM Intl Business Machines Corp. | Reduce -58.1% | 0.07% | −0.09 |
| STZ Constellation Brands Inc. Class A | Reduce -7.1% | 1.26% | −0.07 |
| PNC PNC Financial Services Group | Reduce -30.2% | 0.10% | −0.05 |
| DHR Danaher Corp. | Reduce -1.5% | 1.22% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -14.7% | 0.15% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -35.0% | 0.06% | −0.03 |
| TSLA Tesla Inc. | Reduce -2.2% | 0.05% | −0.03 |
| ADBE Adobe Inc. | Reduce -15.9% | 0.04% | −0.02 |
| SBUX Starbucks Corp. | Reduce -3.4% | 0.11% | −0.02 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.02 |
| LIN Linde PLC | Sold out | 0.00% | −0.02 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -6.2% | 0.12% | −0.02 |
| PFE Pfizer Inc. | Reduce -9.4% | 0.06% | −0.01 |
| UNP Union Pacific Corp. | Reduce -4.5% | 0.09% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -11.1% | 0.08% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -1.7% | 0.06% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.4% | 0.05% | −0.01 |
| MCO Moody's Corp. | Reduce -0.1% | 0.08% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -5.6% | 0.06% | −0.01 |
| KO The Coca-Cola Co. | Reduce -5.8% | 0.05% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -0.2% | 0.16% | −0.01 |
| PLD Prologis Inc. | Reduce -0.6% | 0.03% | −0.00 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -11.8% | 0.04% | −0.00 |
| MDT Medtronic PLC | Reduce -6.5% | 0.04% | −0.00 |
| ADP Automatic Data Processing | Reduce -3.2% | 0.06% | −0.00 |
| AVGO Broadcom Inc. | Reduce -21.0% | 0.02% | −0.00 |
| QCOM Qualcomm Inc. | Reduce -11.6% | 0.05% | −0.00 |
| T AT&T Inc. | Reduce -5.7% | 0.03% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -5.4% | 0.03% | −0.00 |
| JEF Jefferies Financial Group Inc. | Reduce -4.3% | 0.03% | −0.00 |
| V Visa Inc. Class A | Reduce -2.8% | 0.02% | −0.00 |
| F Ford Motor Co. | Reduce -1.5% | 0.02% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -0.8% | 0.24% | −0.00 |
| ABBV Abbvie Inc. | Reduce -4.9% | 0.03% | +0.00 |
| CAT Caterpillar Inc. | Reduce -3.7% | 0.03% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -3.0% | 0.16% | +0.00 |
| DIS The Walt Disney Co. | Reduce -10.6% | 0.06% | +0.01 |
| MRK Merck & Co. Inc. | Reduce -3.0% | 0.18% | +0.01 |
| AMAT Applied Materials Inc. | Reduce -6.8% | 1.41% | +0.10 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.7% | 1.63% | +0.21 |
| META Meta Platforms Inc. Class A | Reduce -10.2% | 4.35% | +0.47 |
| LLY Eli Lilly & Co. | Reduce -2.0% | 3.29% | +0.52 |
| NVDA Nvidia Corp. | Reduce -9.2% | 5.81% | +1.96 |
Portfolio Buys Q4 2023 → Q1 2024
| AMZN Amazon.com Inc. | Add +9.3% | 5.21% | +0.80 |
| HD Home Depot Inc. | Add +37.4% | 2.48% | +0.69 |
| AXP American Express Co. | Add +2.3% | 2.39% | +0.28 |
| JPM JPMorgan Chase & Co. | Add +1.2% | 3.54% | +0.27 |
| ISRG Intuitive Surgical Inc. | Add +17.0% | 1.24% | +0.25 |
| MSFT Microsoft Corp. | Add +0.9% | 9.53% | +0.25 |
| MA Mastercard Inc. Class A | Add +4.8% | 3.12% | +0.22 |
| APD Air Products & Chemicals Inc. | Add +34.4% | 1.32% | +0.10 |
| ECL Ecolab Inc. | Add +4.0% | 0.93% | +0.09 |
| CVX Chevron Corp. | Add +6.5% | 1.82% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +10.5% | 0.24% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | New | 0.04% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +21.9% | 0.20% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.03% | +0.03 |
| TCHP T Rowe Price Blue Chip Growt | New | 0.02% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +20.4% | 0.13% | +0.02 |
| DD Dupont DE Nemours Inc. | New | 0.02% | +0.02 |
| AMT American Tower Corp. | New | 0.02% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +22.6% | 0.17% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.02% | +0.02 |
| RS Reliance Inc. | New | 0.02% | +0.02 |
| NFLX Netflix Inc. | New | 0.02% | +0.02 |
| EMR Emerson Electric Co. | New | 0.02% | +0.02 |
| ORCL Oracle Corp. | Add +48.7% | 0.04% | +0.02 |
| SCHZ Schwab US Aggregate Bond ETF | Add +45.3% | 0.07% | +0.02 |
| BSV Vanguard Short-Term Bond ETF | Add +51.6% | 0.04% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +24.8% | 0.05% | +0.01 |
| EW Edwards Lifesciences Corp. | Add +13.6% | 0.03% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +9.9% | 0.08% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +6.8% | 0.11% | +0.01 |
| BBY Best Buy Co. Inc. | Add +23.8% | 0.03% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +24.5% | 0.03% | +0.00 |
| CTAS Cintas Corp. | Add +5.8% | 0.04% | +0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +10.5% | 0.04% | +0.00 |
| WMT Walmart Inc. | Add +0.8% | 0.04% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.9% | 0.10% | +0.00 |
| IWB iShares Russell 1000 ETF | Add +0.2% | 0.03% | 0.00 |
| IJS iShares S&P Small-Cap 600 Va | Add +7.8% | 0.04% | −0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +2.5% | 0.05% | −0.00 |
| CSCO Cisco Systems Inc. | Add +1.4% | 0.06% | −0.01 |
| LMT Lockheed Martin Corp. | Add +6.4% | 1.16% | −0.03 |
| ABT Abbott Laboratories | Add +0.6% | 1.73% | −0.10 |
| MS Morgan Stanley | Add +2.7% | 2.20% | −0.13 |
| JNJ Johnson & Johnson | Add +2.8% | 2.32% | −0.14 |
| TXN Texas Instruments Inc. | Add +1.9% | 3.12% | −0.17 |
| SPGI S&P Global Inc. | Add +1.9% | 1.60% | −0.19 |
| HON Honeywell International Inc. | Add +2.7% | 2.71% | −0.25 |
| ZTS Zoetis Inc. | Add +3.1% | 1.26% | −0.31 |
| ACN Accenture PLC Class A | Add +2.0% | 3.39% | −0.31 |
| UNH Unitedhealth Group Inc. | Add +5.0% | 2.79% | −0.32 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 127 | $1.7B | AAPL, GOOG, NVDA, AMZN, MSFT |
| Q1 2026 | 119 | $1.5B | AAPL, GOOG, NVDA, MSFT, AMZN |
| Q4 2025 | 116 | $1.6B | AAPL, GOOG, MSFT, NVDA, AMZN |
| Q3 2025 | 114 | $1.5B | NVDA, MSFT, AAPL, GOOG, AMZN |
| Q2 2025 | 116 | $1.5B | MSFT, NVDA, AAPL, AMZN, GOOG |
| Q1 2025 | 120 | $1.3B | AAPL, MSFT, NVDA, AMZN, GOOG |
| Q4 2024 | 115 | $1.4B | AAPL, MSFT, NVDA, AMZN, GOOG |
| Q3 2024 | 111 | $1.3B | AAPL, MSFT, NVDA, GOOG, AMZN |
| Q2 2024 | 113 | $1.2B | MSFT, AAPL, NVDA, GOOG, AMZN |
| Q1 2024 | 106 | $1.1B | MSFT, AAPL, NVDA, GOOG, AMZN |