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

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.2B $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.5B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

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
V Visa Inc. Class A 0.02% 1,066 $280K Add +25.6%
IDXX Idexx Laboratories Inc. 0.02% 568 $277K Reduce -6.1%
IXUS iShares Core Intl Stock ETF 0.02% 3,988 $269K New
PLD Prologis Inc. 0.02% 2,395 $269K Reduce -8.9%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.02% 3,539 $262K Reduce -8.9%
QUAL iShares MSCI USA Quality Fac 0.02% 1,469 $251K New
AMT American Tower Corp. 0.02% 1,169 $227K Add +0.4%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.02% 4,963 $224K New
IVW iShares S&P 500 Growth ETF 0.02% 2,381 $220K New
ROK Rockwell Automation Inc. 0.02% 750 $206K No change
KMB Kimberly-Clark Corp. 0.02% 1,485 $205K New
F Ford Motor Co. filed as FORD MTR CO DEL 0.01% 14,050 $176K Reduce -0.4%
GGN Gamco GLBL Gold NTRL Res Inc. 0.00% 10,000 $41K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 127$1.7BAAPL, GOOG, NVDA, AMZN, MSFT
Q1 2026 119$1.5BAAPL, GOOG, NVDA, MSFT, AMZN
Q4 2025 116$1.6BAAPL, GOOG, MSFT, NVDA, AMZN
Q3 2025 114$1.5BNVDA, MSFT, AAPL, GOOG, AMZN
Q2 2025 116$1.5BMSFT, NVDA, AAPL, AMZN, GOOG
Q1 2025 120$1.3BAAPL, MSFT, NVDA, AMZN, GOOG
Q4 2024 115$1.4BAAPL, MSFT, NVDA, AMZN, GOOG
Q3 2024 111$1.3BAAPL, MSFT, NVDA, GOOG, AMZN
Q2 2024 113$1.2BMSFT, AAPL, NVDA, GOOG, AMZN
Q1 2024 106$1.1BMSFT, AAPL, NVDA, GOOG, AMZN