Maple Capital Management, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 21, 2024), Maple Capital Management, Inc. reported 111 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 9.0% of the portfolio, followed by Microsoft (MSFT, 8.4%) and Nvidia (NVDA, 6.7%). Compared with Q2 2024, it opened 5 new positions, sold out of 7, added to 44 and reduced 55. The biggest buy was iShares Core S&P Small-Cap E (IJR, shares +13%) and the biggest sale Applied Materials (AMAT, shares −3%).

Most Recent 13F
Q2 2026
Location
MONTPELIER, VT
CIK
0001313893
Portfolio Value
$1.3B (Q3 2024)
SEC Filing
0001313893-24-000005 ↗ filed Oct 21, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B $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 111 stocks · $1.3B
AAPL Apple Inc. 8.99% 505,854 $117.9M Add +0.3%
MSFT Microsoft Corp. 8.36% 254,719 $109.6M Add +1.0%
NVDA Nvidia Corp. 6.69% 722,223 $87.7M Add +1.0%
GOOG Alphabet Inc. Class C 5.08% 398,342 $66.6M Add +2.4%
AMZN Amazon.com Inc. 5.06% 355,792 $66.3M Add +8.3%
META Meta Platforms Inc. Class A 4.31% 98,668 $56.5M Reduce -0.7%
COST Costco Wholesale Corp. 4.17% 61,642 $54.6M Add +0.8%
TXN Texas Instruments Inc. 3.39% 215,378 $44.5M Add +4.2%
JPM JPMorgan Chase & Co. 3.20% 199,146 $42.0M Add +0.6%
LLY Eli Lilly & Co. 3.16% 46,716 $41.4M Add +0.3%
ACN Accenture PLC Class A 2.97% 110,284 $39.0M Add +0.6%
UNH Unitedhealth Group Inc. 2.97% 66,666 $39.0M Add +2.8%
MA Mastercard Inc. Class A 2.86% 76,056 $37.6M Add +2.3%
IJR iShares Core S&P Small-Cap E 2.63% 295,371 $34.5M Add +12.7%
AXP American Express Co. 2.47% 119,636 $32.4M Add +0.8%
HD Home Depot Inc. 2.45% 79,155 $32.1M Add +3.5%
HON Honeywell International Inc. 2.36% 149,909 $31.0M Add +1.3%
MS Morgan Stanley 2.11% 265,796 $27.7M Add +1.0%
JNJ Johnson & Johnson 2.06% 166,398 $27.0M Add +1.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.98% 220,629 $25.9M Add +0.9%
CVX Chevron Corp. 1.73% 154,316 $22.7M Add +7.1%
SPGI S&P Global Inc. 1.67% 42,418 $21.9M Add +0.7%
LMT Lockheed Martin Corp. 1.57% 35,309 $20.6M Add +8.3%
APD Air Products & Chemicals Inc. 1.51% 66,521 $19.8M Add +3.8%
ABT Abbott Laboratories 1.48% 169,736 $19.4M Add +0.3%
ISRG Intuitive Surgical Inc. 1.44% 38,462 $18.9M Add +5.0%
CMG Chipotle Mexican Grill Inc. 1.37% 312,884 $18.0M Add +0.2%
ZTS Zoetis Inc. 1.27% 85,061 $16.6M Add +1.5%
CME Cme Group Inc. 1.10% 65,158 $14.4M Reduce -0.4%
AMAT Applied Materials Inc. 1.06% 68,869 $13.9M Reduce -2.7%
CL Colgate-Palmolive Co. 0.97% 122,228 $12.7M Add +9.2%
STZ Constellation Brands Inc. Class A 0.93% 47,089 $12.1M Reduce -2.7%
ECL Ecolab Inc. 0.89% 45,889 $11.7M Add +0.6%
NFLX Netflix Inc. 0.56% 10,329 $7.3M Add +8.1%
DHR Danaher Corp. 0.42% 19,712 $5.5M Reduce -16.1%
FBND Fidelity Total Bond ETF 0.30% 83,527 $3.9M Add +6.6%
PEP Pepsico Inc. 0.29% 22,486 $3.8M Reduce -33.3%
BRK.B Berkshire Hathaway Inc. Class B 0.25% 7,026 $3.2M Add +16.5%
IJH iShares Core S&P Midcap ETF 0.20% 42,065 $2.6M Reduce -3.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 4,359 $2.5M Reduce -2.1%
PG The Procter & Gamble Co. 0.18% 13,338 $2.3M Reduce -9.3%
EFA iShares MSCI Eafe ETF 0.17% 26,127 $2.2M Reduce -5.5%
IVV iShares Core S&P 500 ETF 0.15% 3,492 $2.0M Reduce -3.1%
XOM Exxon Mobil Corp. 0.14% 15,179 $1.8M Add +1.1%
SCHD Schwab US DVD Equity ETF 0.13% 19,547 $1.7M Add +1.4%
MRK Merck & Co. Inc. 0.12% 14,212 $1.6M Reduce -3.2%
GOOGL Alphabet Inc. Class A 0.12% 9,688 $1.6M Add +11.5%
JPST JPMorgan Ultra-Short Income 0.10% 25,524 $1.3M Add +8.6%
PNC PNC Financial Services Group 0.09% 6,383 $1.2M Reduce -5.9%
ROP Roper Technologies Inc. 0.08% 1,995 $1.1M Reduce -12.3%
MCO Moody's Corp. 0.08% 2,182 $1.0M Reduce -1.0%
TCHP T Rowe Price Blue Chip Growt 0.08% 25,316 $1.0M Add +37.8%
VIG Vanguard Dividend Apprec ETF 0.07% 4,914 $973K Reduce -14.1%
UNP Union Pacific Corp. 0.07% 3,874 $955K Reduce -1.9%
SHW The Sherwin-Williams Co. 0.07% 2,408 $919K Reduce -5.5%
AON Aon PLC Class A 0.07% 2,644 $915K Reduce -0.7%
QQQ Invesco QQQ Trust Series 1 0.07% 1,820 $888K Reduce -12.6%
NEE Nextera Energy Inc. 0.07% 10,245 $866K Reduce -2.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 3,597 $795K Reduce -5.0%
ORCL Oracle Corp. 0.06% 4,493 $766K Add +3.0%
TSLA Tesla Inc. 0.06% 2,909 $761K Reduce -1.8%
ADP Automatic Data Processing 0.06% 2,696 $746K Reduce -0.0%
SBUX Starbucks Corp. 0.05% 7,265 $708K Reduce -14.8%
VOO Vanguard S&P 500 ETF 0.05% 1,305 $689K Add +16.3%
ACWX iShares MSCI Acwi Ex US ETF 0.05% 11,776 $674K Add +2.4%
VZ Verizon Communications Inc. 0.05% 14,732 $662K Reduce -3.3%
KO The Coca-Cola Co. 0.05% 8,946 $643K Reduce -7.0%
CSCO Cisco Systems Inc. 0.05% 11,814 $629K Reduce -6.2%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.05% 7,526 $608K Reduce -3.3%
QCOM Qualcomm Inc. 0.05% 3,485 $593K No change
PFE Pfizer Inc. 0.04% 19,380 $561K Reduce -2.9%
WMT Walmart Inc. 0.04% 6,337 $512K Reduce -4.5%
MUB iShares National Muni Bond E 0.04% 4,686 $509K Reduce -2.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 5,209 $501K Reduce -0.9%
MCD McDonald's Corp. 0.04% 1,627 $495K Reduce -21.9%
CTAS Cintas Corp. 0.04% 2,352 $484K Add +0.9%
TRMK Trustmark Corp. 0.03% 14,028 $446K Reduce -2.8%
BBY Best Buy Co. Inc. 0.03% 4,252 $439K Reduce -2.2%
IJS iShares S&P Small-Cap 600 Va 0.03% 3,995 $430K Reduce -3.5%
ADBE Adobe Inc. 0.03% 827 $428K Reduce -5.8%
TMO Thermo Fisher Scientific Inc. 0.03% 646 $400K Reduce -5.7%
VMC Vulcan Materials Co. 0.03% 1,554 $389K No change
JEF Jefferies Financial Group Inc. 0.03% 6,316 $389K No change
VTI VG Morningstar TS MKT ETF-US 0.03% 1,363 $386K Reduce -16.3%
GE General Electric filed as GE AEROSPACE 0.03% 2,012 $379K Reduce -8.3%
IWB iShares Russell 1000 ETF 0.03% 1,200 $377K No change
ABBV Abbvie Inc. 0.03% 1,840 $363K Reduce -10.9%
VB Vanguard Most SM-Cap ETF-Usd 0.03% 1,503 $357K Reduce -45.0%
VEA Vanguard Ftse Developed ETF 0.03% 6,738 $356K Reduce -30.1%
IXUS iShares Core Intl Stock ETF 0.03% 4,718 $343K Add +18.3%
T AT&T Inc. 0.03% 15,102 $332K Reduce -8.6%
MDT Medtronic PLC 0.02% 3,565 $321K Reduce -21.3%
AVGO Broadcom Inc. 0.02% 1,763 $304K Reduce -15.2%
V Visa Inc. Class A 0.02% 1,083 $298K Add +1.6%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.02% 3,449 $296K Reduce -2.5%
CAT Caterpillar Inc. 0.02% 753 $295K Reduce -39.5%
PLD Prologis Inc. 0.02% 2,310 $292K Reduce -3.5%
IDXX Idexx Laboratories Inc. 0.02% 568 $287K No change
BN Brookfield Corp. 0.02% 5,267 $280K New
AMT American Tower Corp. 0.02% 1,164 $271K Reduce -0.4%
SCHZ Schwab US Aggregate Bond ETF 0.02% 5,152 $245K Reduce -38.2%
EW Edwards Lifesciences Corp. 0.02% 3,633 $240K Add +1.6%
QUAL iShares MSCI USA Quality Fac 0.02% 1,293 $232K Reduce -12.0%
NSC Norfolk Southern Corp. 0.02% 906 $225K New
IEFA iShares Core MSCI Eafe ETF 0.02% 2,826 $221K Reduce -63.3%
MKL Markel Group Inc. 0.02% 135 $212K New
LOW Lowe's Cos Inc. 0.02% 778 $211K New
VCIT Vanguard Int-Term Corporate 0.02% 2,492 $209K New
ROK Rockwell Automation Inc. 0.02% 750 $201K No change
F Ford Motor Co. filed as FORD MTR CO 0.01% 13,550 $143K Reduce -3.6%
GGN Gamco GLBL Gold NTRL Res Inc. 0.00% 10,000 $43K No change

Portfolio Sells Q2 2024 → Q3 2024
AMAT Applied Materials Inc. Reduce -2.7% 1.06% −0.29
PEP Pepsico Inc. Reduce -33.3% 0.29% −0.16
STZ Constellation Brands Inc. Class A Reduce -2.7% 0.93% −0.08
DHR Danaher Corp. Reduce -16.1% 0.42% −0.06
NKE Nike Inc. Class B Sold out 0.00% −0.03
IEFA iShares Core MSCI Eafe ETF Reduce -63.3% 0.02% −0.03
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.03
IWF iShares Russell 1000 Growth Sold out 0.00% −0.02
MRK Merck & Co. Inc. Reduce -3.2% 0.12% −0.02
VXUS Vanguard Total Intl Stock Sold out 0.00% −0.02
VB Vanguard Most SM-Cap ETF-Usd Reduce -45.0% 0.03% −0.02
PG The Procter & Gamble Co. Reduce -9.3% 0.18% −0.02
ROP Roper Technologies Inc. Reduce -12.3% 0.08% −0.02
IUSB Ishr CR Unvrse Usd BD ETF-Ui Sold out 0.00% −0.02
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.02
KMB Kimberly-Clark Corp. Sold out 0.00% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -12.6% 0.07% −0.01
SCHZ Schwab US Aggregate Bond ETF Reduce -38.2% 0.02% −0.01
VEA Vanguard Ftse Developed ETF Reduce -30.1% 0.03% −0.01
CAT Caterpillar Inc. Reduce -39.5% 0.02% −0.01
VIG Vanguard Dividend Apprec ETF Reduce -14.1% 0.07% −0.01
EFA iShares MSCI Eafe ETF Reduce -5.5% 0.17% −0.01
ADBE Adobe Inc. Reduce -5.8% 0.03% −0.01
IVV iShares Core S&P 500 ETF Reduce -3.1% 0.15% −0.01
IJH iShares Core S&P Midcap ETF Reduce -3.1% 0.20% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -16.3% 0.03% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.1% 0.19% −0.01
MCD McDonald's Corp. Reduce -21.9% 0.04% −0.01
MDT Medtronic PLC Reduce -21.3% 0.02% −0.00
DIS The Walt Disney Co. Reduce -0.9% 0.04% −0.00
AVGO Broadcom Inc. Reduce -15.2% 0.02% −0.00
F Ford Motor Co. Reduce -3.6% 0.01% −0.00
MUB iShares National Muni Bond E Reduce -2.6% 0.04% −0.00
QUAL iShares MSCI USA Quality Fac Reduce -12.0% 0.02% −0.00
PFE Pfizer Inc. Reduce -2.9% 0.04% −0.00
TRMK Trustmark Corp. Reduce -2.8% 0.03% −0.00
ABBV Abbvie Inc. Reduce -10.9% 0.03% −0.00
CSCO Cisco Systems Inc. Reduce -6.2% 0.05% −0.00
KO The Coca-Cola Co. Reduce -7.0% 0.05% −0.00
VZ Verizon Communications Inc. Reduce -3.3% 0.05% −0.00
T AT&T Inc. Reduce -8.6% 0.03% −0.00
TMO Thermo Fisher Scientific Inc. Reduce -5.7% 0.03% −0.00
IJS iShares S&P Small-Cap 600 Va Reduce -3.5% 0.03% +0.00
SBUX Starbucks Corp. Reduce -14.8% 0.05% +0.00
UNP Union Pacific Corp. Reduce -1.9% 0.07% +0.00
PLD Prologis Inc. Reduce -3.5% 0.02% +0.00
GE General Electric Reduce -8.3% 0.03% +0.00
CF CF Industries Holdings Inc. Reduce -2.5% 0.02% +0.00
AMT American Tower Corp. Reduce -0.4% 0.02% +0.00
WMT Walmart Inc. Reduce -4.5% 0.04% +0.00

Portfolio Buys Q2 2024 → Q3 2024
IJR iShares Core S&P Small-Cap E Add +12.7% 2.63% +0.37
AAPL Apple Inc. Add +0.3% 8.99% +0.37
LMT Lockheed Martin Corp. Add +8.3% 1.57% +0.34
HD Home Depot Inc. Add +3.5% 2.45% +0.31
UNH Unitedhealth Group Inc. Add +2.8% 2.97% +0.29
ACN Accenture PLC Class A Add +0.6% 2.97% +0.27
AXP American Express Co. Add +0.8% 2.47% +0.25
MA Mastercard Inc. Class A Add +2.3% 2.86% +0.20
APD Air Products & Chemicals Inc. Add +3.8% 1.51% +0.17
SPGI S&P Global Inc. Add +0.7% 1.67% +0.15
TXN Texas Instruments Inc. Add +4.2% 3.39% +0.13
ISRG Intuitive Surgical Inc. Add +5.0% 1.44% +0.12
JNJ Johnson & Johnson Add +1.2% 2.06% +0.11
ZTS Zoetis Inc. Add +1.5% 1.27% +0.09
CL Colgate-Palmolive Co. Add +9.2% 0.97% +0.09
ABT Abbott Laboratories Add +0.3% 1.48% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +16.5% 0.25% +0.05
MS Morgan Stanley Add +1.0% 2.11% +0.04
NFLX Netflix Inc. Add +8.1% 0.56% +0.04
TJX TJX Companies Inc. Add +0.9% 1.98% +0.02
BN Brookfield Corp. New 0.02% +0.02
TCHP T Rowe Price Blue Chip Growt Add +37.8% 0.08% +0.02
NSC Norfolk Southern Corp. New 0.02% +0.02
LOW Lowe's Cos Inc. New 0.02% +0.02
MKL Markel Group Inc. New 0.02% +0.02
VCIT Vanguard Int-Term Corporate New 0.02% +0.02
ECL Ecolab Inc. Add +0.6% 0.89% +0.01
FBND Fidelity Total Bond ETF Add +6.6% 0.30% +0.01
ORCL Oracle Corp. Add +3.0% 0.06% +0.01
VOO Vanguard S&P 500 ETF Add +16.3% 0.05% +0.01
SCHD Schwab US DVD Equity ETF Add +1.4% 0.13% +0.00
IXUS iShares Core Intl Stock ETF Add +18.3% 0.03% +0.00
CTAS Cintas Corp. Add +0.9% 0.04% +0.00
JPST JPMorgan Ultra-Short Income Add +8.6% 0.10% +0.00
ACWX iShares MSCI Acwi Ex US ETF Add +2.4% 0.05% +0.00
V Visa Inc. Class A Add +1.6% 0.02% 0.00
XOM Exxon Mobil Corp. Add +1.1% 0.14% −0.00
GOOGL Alphabet Inc. Class A Add +11.5% 0.12% −0.01
EW Edwards Lifesciences Corp. Add +1.6% 0.02% −0.01
JPM JPMorgan Chase & Co. Add +0.6% 3.20% −0.05
COST Costco Wholesale Corp. Add +0.8% 4.17% −0.05
AMZN Amazon.com Inc. Add +8.3% 5.06% −0.09
CVX Chevron Corp. Add +7.1% 1.73% −0.10
HON Honeywell International Inc. Add +1.3% 2.36% −0.20
CMG Chipotle Mexican Grill Inc. Add +0.2% 1.37% −0.21
LLY Eli Lilly & Co. Add +0.3% 3.16% −0.27
NVDA Nvidia Corp. Add +1.0% 6.69% −0.48
GOOG Alphabet Inc. Class C Add +2.4% 5.08% −0.71
MSFT Microsoft Corp. Add +1.0% 8.36% −0.79

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