Maple Capital Management, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), Maple Capital Management, Inc. reported 113 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 9.1% of the portfolio, followed by Apple (AAPL, 8.6%) and Nvidia (NVDA, 7.2%). Compared with Q1 2024, it opened 13 new positions, sold out of 6, added to 58 and reduced 35. The biggest buy was iShares Core S&P Small-Cap E (IJR, shares +1432%) and the biggest sale Pepsico (PEP, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- MONTPELIER, VT
- CIK
- 0001313893
- Portfolio Value
- $1.2B (Q2 2024)
- SEC Filing
- 0001313893-24-000003 ↗ filed Jul 30, 2024
Holdings Value
Holdings 113 stocks · $1.2B
| MSFT Microsoft Corp. | 9.15% | 252,253 | $112.7M | Add +1.3% |
| AAPL Apple Inc. | 8.62% | 504,575 | $106.3M | Add +1.5% |
| NVDA Nvidia Corp. | 7.16% | 714,770 | $88.3M | Add +1.1% |
| GOOG Alphabet Inc. Class C | 5.79% | 389,202 | $71.4M | Add +2.6% |
| AMZN Amazon.com Inc. | 5.15% | 328,374 | $63.5M | Add +3.4% |
| COST Costco Wholesale Corp. | 4.22% | 61,127 | $52.0M | Add +2.3% |
| META Meta Platforms Inc. Class A | 4.07% | 99,387 | $50.1M | Add +1.0% |
| LLY Eli Lilly & Co. | 3.42% | 46,593 | $42.2M | Add +0.3% |
| TXN Texas Instruments Inc. | 3.26% | 206,703 | $40.2M | Add +5.1% |
| JPM JPMorgan Chase & Co. | 3.25% | 197,932 | $40.0M | Add +1.9% |
| ACN Accenture PLC Class A | 2.70% | 109,612 | $33.3M | Add +1.8% |
| UNH Unitedhealth Group Inc. | 2.68% | 64,827 | $33.0M | Add +4.5% |
| MA Mastercard Inc. Class A | 2.66% | 74,371 | $32.8M | Add +4.5% |
| HON Honeywell International Inc. | 2.56% | 147,936 | $31.6M | Add +1.9% |
| IJR iShares Core S&P Small-Cap E | 2.27% | 262,004 | $27.9M | Add +1432.3% |
| AXP American Express Co. | 2.23% | 118,665 | $27.5M | Add +2.7% |
| HD Home Depot Inc. | 2.14% | 76,468 | $26.3M | Add +7.4% |
| MS Morgan Stanley | 2.07% | 263,107 | $25.6M | Add +2.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.95% | 218,688 | $24.1M | Add +1.9% |
| JNJ Johnson & Johnson | 1.95% | 164,401 | $24.0M | Add +2.0% |
| CVX Chevron Corp. | 1.83% | 144,111 | $22.5M | Add +13.3% |
| CMG Chipotle Mexican Grill Inc. | 1.59% | 312,328 | $19.6M | Add +1.4% |
| SPGI S&P Global Inc. | 1.52% | 42,143 | $18.8M | Add +1.6% |
| ABT Abbott Laboratories | 1.43% | 169,289 | $17.6M | Add +1.0% |
| AMAT Applied Materials Inc. | 1.36% | 70,810 | $16.7M | Reduce -5.5% |
| APD Air Products & Chemicals Inc. | 1.34% | 64,107 | $16.5M | Add +6.9% |
| ISRG Intuitive Surgical Inc. | 1.32% | 36,624 | $16.3M | Add +7.6% |
| LMT Lockheed Martin Corp. | 1.24% | 32,595 | $15.2M | Add +16.4% |
| ZTS Zoetis Inc. | 1.18% | 83,808 | $14.5M | Add +2.1% |
| CME Cme Group Inc. | 1.04% | 65,431 | $12.9M | Add +0.1% |
| STZ Constellation Brands Inc. Class A | 1.01% | 48,392 | $12.5M | Reduce -5.2% |
| CL Colgate-Palmolive Co. | 0.88% | 111,947 | $10.9M | New |
| ECL Ecolab Inc. | 0.88% | 45,618 | $10.9M | Add +2.6% |
| NFLX Netflix Inc. | 0.52% | 9,552 | $6.4M | Add +2709.4% |
| DHR Danaher Corp. | 0.48% | 23,505 | $5.9M | Reduce -56.3% |
| PEP Pepsico Inc. | 0.45% | 33,721 | $5.6M | Reduce -67.9% |
| FBND Fidelity Total Bond ETF | 0.29% | 78,363 | $3.5M | New |
| IJH iShares Core S&P Midcap ETF | 0.21% | 43,427 | $2.5M | Add +21.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 6,030 | $2.5M | Reduce -3.2% |
| PG The Procter & Gamble Co. | 0.20% | 14,705 | $2.4M | Reduce -9.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 4,452 | $2.4M | Add +122.6% |
| EFA iShares MSCI Eafe ETF | 0.18% | 27,662 | $2.2M | Add +24.1% |
| IVV iShares Core S&P 500 ETF | 0.16% | 3,603 | $2.0M | Add +32.5% |
| MRK Merck & Co. Inc. | 0.15% | 14,688 | $1.8M | Reduce -3.9% |
| XOM Exxon Mobil Corp. | 0.14% | 15,008 | $1.7M | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 0.13% | 8,689 | $1.6M | Add +5.8% |
| SCHD Schwab US DVD Equity ETF | 0.12% | 19,283 | $1.5M | Reduce -8.0% |
| ROP Roper Technologies Inc. | 0.10% | 2,274 | $1.3M | Reduce -3.9% |
| JPST JPMorgan Ultra-Short Income | 0.10% | 23,498 | $1.2M | New |
| PNC PNC Financial Services Group | 0.09% | 6,781 | $1.1M | Reduce -1.0% |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 5,722 | $1.0M | Add +20.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 2,082 | $998K | Reduce -0.1% |
| MCO Moody's Corp. | 0.08% | 2,205 | $928K | No change |
| UNP Union Pacific Corp. | 0.07% | 3,950 | $894K | Reduce -0.3% |
| AON Aon PLC Class A | 0.06% | 2,662 | $782K | New |
| SHW The Sherwin-Williams Co. | 0.06% | 2,549 | $761K | Reduce -1.0% |
| NEE Nextera Energy Inc. | 0.06% | 10,469 | $741K | Reduce -3.4% |
| TCHP T Rowe Price Blue Chip Growt | 0.06% | 18,370 | $711K | Add +149.5% |
| QCOM Qualcomm Inc. | 0.06% | 3,485 | $694K | Add +1.1% |
| SBUX Starbucks Corp. | 0.05% | 8,528 | $664K | Reduce -34.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 3,786 | $655K | Reduce -11.2% |
| ADP Automatic Data Processing | 0.05% | 2,697 | $644K | Reduce -2.3% |
| VZ Verizon Communications Inc. | 0.05% | 15,228 | $628K | Reduce -3.5% |
| ORCL Oracle Corp. | 0.05% | 4,364 | $616K | Add +15.5% |
| KO The Coca-Cola Co. | 0.05% | 9,615 | $612K | Reduce -0.9% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.05% | 11,496 | $611K | Add +32.8% |
| CSCO Cisco Systems Inc. | 0.05% | 12,592 | $598K | Reduce -7.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.05% | 2,730 | $595K | New |
| TSLA Tesla Inc. | 0.05% | 2,963 | $586K | Add +3.2% |
| VOO Vanguard S&P 500 ETF | 0.05% | 1,122 | $561K | Reduce -5.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.05% | 7,704 | $560K | Add +169.8% |
| PFE Pfizer Inc. | 0.05% | 19,952 | $558K | Reduce -9.1% |
| MCD McDonald's Corp. | 0.04% | 2,084 | $531K | Add +10.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.04% | 7,781 | $530K | Reduce -3.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.04% | 5,257 | $522K | Add +6.2% |
| MUB iShares National Muni Bond E | 0.04% | 4,811 | $513K | Reduce -25.8% |
| ADBE Adobe Inc. | 0.04% | 878 | $488K | Add +0.3% |
| VEA Vanguard Ftse Developed ETF | 0.04% | 9,641 | $476K | Add +42.8% |
| WMT Walmart Inc. | 0.04% | 6,632 | $449K | Reduce -9.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.04% | 1,628 | $436K | Add +24.4% |
| TRMK Trustmark Corp. | 0.04% | 14,428 | $433K | No change |
| CAT Caterpillar Inc. | 0.03% | 1,244 | $414K | Add +38.8% |
| CTAS Cintas Corp. | 0.03% | 583 | $408K | Add +0.3% |
| IJS iShares S&P Small-Cap 600 Va | 0.03% | 4,141 | $403K | No change |
| VMC Vulcan Materials Co. | 0.03% | 1,554 | $386K | Reduce -1.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.03% | 8,339 | $380K | Reduce -49.0% |
| TMO Thermo Fisher Scientific Inc. | 0.03% | 685 | $379K | Add +0.7% |
| BBY Best Buy Co. Inc. | 0.03% | 4,349 | $367K | Reduce -1.9% |
| IWB iShares Russell 1000 ETF | 0.03% | 1,200 | $357K | Reduce -0.8% |
| MDT Medtronic PLC | 0.03% | 4,528 | $356K | Add +1.8% |
| NKE Nike Inc. Class B | 0.03% | 4,699 | $354K | Reduce -93.8% |
| ABBV Abbvie Inc. | 0.03% | 2,065 | $354K | Add +0.2% |
| GE General Electric filed as GE AEROSPACE | 0.03% | 2,194 | $349K | Add +2.4% |
| VWO Vanguard Ftse Emerging Marke | 0.03% | 7,929 | $347K | New |
| AVGO Broadcom Inc. | 0.03% | 208 | $335K | Add +28.4% |
| EW Edwards Lifesciences Corp. | 0.03% | 3,575 | $330K | No change |
| T AT&T Inc. | 0.03% | 16,514 | $316K | Reduce -0.1% |
| JEF Jefferies Financial Group Inc. | 0.03% | 6,316 | $314K | No change |
| IWF iShares Russell 1000 Growth | 0.02% | 829 | $302K | New |
| VXUS Vanguard Total Intl Stock | 0.02% | 4,664 | $281K | New |
Portfolio Sells Q1 2024 → Q2 2024
| PEP Pepsico Inc. | Reduce -67.9% | 0.45% | −1.22 |
| DHR Danaher Corp. | Reduce -56.3% | 0.48% | −0.75 |
| NKE Nike Inc. Class B | Reduce -93.8% | 0.03% | −0.62 |
| STZ Constellation Brands Inc. Class A | Reduce -5.2% | 1.01% | −0.25 |
| SBUX Starbucks Corp. | Reduce -34.1% | 0.05% | −0.05 |
| AMAT Applied Materials Inc. | Reduce -5.5% | 1.36% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -9.8% | 0.20% | −0.04 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.2% | 0.20% | −0.04 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -49.0% | 0.03% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -3.9% | 0.15% | −0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -8.0% | 0.12% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.03 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.02 |
| MUB iShares National Muni Bond E | Reduce -25.8% | 0.04% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -11.2% | 0.05% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -1.0% | 0.06% | −0.02 |
| RS Reliance Inc. | Sold out | 0.00% | −0.02 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -3.9% | 0.10% | −0.02 |
| UNP Union Pacific Corp. | Reduce -0.3% | 0.07% | −0.02 |
| PNC PNC Financial Services Group | Reduce -1.0% | 0.09% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -7.3% | 0.05% | −0.01 |
| ADP Automatic Data Processing | Reduce -2.3% | 0.05% | −0.01 |
| PFE Pfizer Inc. | Reduce -9.1% | 0.05% | −0.01 |
| PLD Prologis Inc. | Reduce -8.9% | 0.02% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -3.5% | 0.05% | −0.01 |
| CF CF Industries Holdings Inc. | Reduce -8.9% | 0.02% | −0.01 |
| VMC Vulcan Materials Co. | Reduce -1.3% | 0.03% | −0.01 |
| IDXX Idexx Laboratories Inc. | Reduce -6.1% | 0.02% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -5.8% | 0.05% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -3.5% | 0.04% | −0.01 |
| KO The Coca-Cola Co. | Reduce -0.9% | 0.05% | −0.00 |
| WMT Walmart Inc. | Reduce -9.3% | 0.04% | −0.00 |
| BBY Best Buy Co. Inc. | Reduce -1.9% | 0.03% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 0.08% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -3.4% | 0.06% | −0.00 |
| F Ford Motor Co. | Reduce -0.4% | 0.01% | −0.00 |
| IWB iShares Russell 1000 ETF | Reduce -0.8% | 0.03% | −0.00 |
| T AT&T Inc. | Reduce -0.1% | 0.03% | −0.00 |
Portfolio Buys Q1 2024 → Q2 2024
| IJR iShares Core S&P Small-Cap E | Add +1432.3% | 2.27% | +2.10 |
| NVDA Nvidia Corp. | Add +1.1% | 7.16% | +1.35 |
| CL Colgate-Palmolive Co. | New | 0.88% | +0.88 |
| AAPL Apple Inc. | Add +1.5% | 8.62% | +0.87 |
| GOOG Alphabet Inc. Class C | Add +2.6% | 5.79% | +0.54 |
| NFLX Netflix Inc. | Add +2709.4% | 0.52% | +0.50 |
| FBND Fidelity Total Bond ETF | New | 0.29% | +0.29 |
| COST Costco Wholesale Corp. | Add +2.3% | 4.22% | +0.23 |
| TXN Texas Instruments Inc. | Add +5.1% | 3.26% | +0.15 |
| LLY Eli Lilly & Co. | Add +0.3% | 3.42% | +0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +122.6% | 0.20% | +0.10 |
| JPST JPMorgan Ultra-Short Income | New | 0.10% | +0.10 |
| ISRG Intuitive Surgical Inc. | Add +7.6% | 1.32% | +0.09 |
| LMT Lockheed Martin Corp. | Add +16.4% | 1.24% | +0.08 |
| AON Aon PLC Class A | New | 0.06% | +0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.05% | +0.05 |
| TCHP T Rowe Price Blue Chip Growt | Add +149.5% | 0.06% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +32.5% | 0.16% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | New | 0.03% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +169.8% | 0.05% | +0.03 |
| IWF iShares Russell 1000 Growth | New | 0.02% | +0.02 |
| VXUS Vanguard Total Intl Stock | New | 0.02% | +0.02 |
| IXUS iShares Core Intl Stock ETF | New | 0.02% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | New | 0.02% | +0.02 |
| APD Air Products & Chemicals Inc. | Add +6.9% | 1.34% | +0.02 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.02% | +0.02 |
| IVW iShares S&P 500 Growth ETF | New | 0.02% | +0.02 |
| KMB Kimberly-Clark Corp. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +5.8% | 0.13% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +24.1% | 0.18% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +21.3% | 0.21% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +42.8% | 0.04% | +0.01 |
| AVGO Broadcom Inc. | Add +28.4% | 0.03% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +32.8% | 0.05% | +0.01 |
| ORCL Oracle Corp. | Add +15.5% | 0.05% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +20.8% | 0.08% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +24.4% | 0.04% | +0.00 |
| CVX Chevron Corp. | Add +13.3% | 1.83% | +0.00 |
| CAT Caterpillar Inc. | Add +38.8% | 0.03% | +0.00 |
| QCOM Qualcomm Inc. | Add +1.1% | 0.06% | +0.00 |
| TSLA Tesla Inc. | Add +3.2% | 0.05% | +0.00 |
| V Visa Inc. Class A | Add +25.6% | 0.02% | +0.00 |
| ADBE Adobe Inc. | Add +0.3% | 0.04% | −0.00 |
| AMT American Tower Corp. | Add +0.4% | 0.02% | −0.00 |
| CTAS Cintas Corp. | Add +0.3% | 0.03% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +0.7% | 0.03% | −0.01 |
| ABBV Abbvie Inc. | Add +0.2% | 0.03% | −0.01 |
| MCD McDonald's Corp. | Add +10.2% | 0.04% | −0.01 |
| GE General Electric | Add +2.4% | 0.03% | −0.01 |
| MDT Medtronic PLC | Add +1.8% | 0.03% | −0.01 |
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 |