Maple Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Maple Capital Management, Inc. reported 115 stock positions worth $1.4 billion. Its top holding was Apple (AAPL) at 9.3% of the portfolio, followed by Microsoft (MSFT, 7.9%) and Nvidia (NVDA, 7.2%). Compared with Q3 2024, it opened 9 new positions, sold out of 5, added to 52 and reduced 44. The biggest buy was Amazon.com (AMZN, shares +2%) and the biggest sale Eli Lilly (LLY, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MONTPELIER, VT
- CIK
- 0001313893
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0001313893-25-000001 ↗ filed Feb 5, 2025
Holdings Value
Holdings 115 stocks · $1.4B
| AAPL Apple Inc. | 9.34% | 506,774 | $126.9M | Add +0.2% |
| MSFT Microsoft Corp. | 7.88% | 253,782 | $107.0M | Reduce -0.4% |
| NVDA Nvidia Corp. | 7.17% | 725,479 | $97.4M | Add +0.5% |
| AMZN Amazon.com Inc. | 5.85% | 362,054 | $79.4M | Add +1.8% |
| GOOG Alphabet Inc. Class C | 5.62% | 400,873 | $76.3M | Add +0.6% |
| META Meta Platforms Inc. Class A | 4.21% | 97,605 | $57.1M | Reduce -1.1% |
| COST Costco Wholesale Corp. | 4.17% | 61,887 | $56.7M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 3.52% | 199,590 | $47.8M | Add +0.2% |
| TXN Texas Instruments Inc. | 3.03% | 219,690 | $41.2M | Add +2.0% |
| MA Mastercard Inc. Class A | 3.00% | 77,340 | $40.7M | Add +1.7% |
| ACN Accenture PLC Class A | 2.86% | 110,285 | $38.8M | Add +0.0% |
| LLY Eli Lilly & Co. | 2.64% | 46,394 | $35.8M | Reduce -0.7% |
| AXP American Express Co. | 2.63% | 120,303 | $35.7M | Add +0.6% |
| IJR iShares Core S&P Small-Cap E | 2.62% | 309,201 | $35.6M | Add +4.7% |
| UNH Unitedhealth Group Inc. | 2.52% | 67,732 | $34.3M | Add +1.6% |
| HON Honeywell International Inc. | 2.50% | 150,017 | $33.9M | Add +0.1% |
| MS Morgan Stanley | 2.46% | 265,879 | $33.4M | Add +0.0% |
| HD Home Depot Inc. | 2.31% | 80,495 | $31.3M | Add +1.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.97% | 221,502 | $26.8M | Add +0.4% |
| JNJ Johnson & Johnson | 1.77% | 166,233 | $24.0M | Reduce -0.1% |
| CVX Chevron Corp. | 1.69% | 158,623 | $23.0M | Add +2.8% |
| SPGI S&P Global Inc. | 1.55% | 42,301 | $21.1M | Reduce -0.3% |
| ISRG Intuitive Surgical Inc. | 1.52% | 39,643 | $20.7M | Add +3.1% |
| APD Air Products & Chemicals Inc. | 1.46% | 68,310 | $19.8M | Add +2.7% |
| ABT Abbott Laboratories | 1.41% | 169,373 | $19.2M | Reduce -0.2% |
| CMG Chipotle Mexican Grill Inc. | 1.39% | 314,127 | $18.9M | Add +0.4% |
| LMT Lockheed Martin Corp. | 1.15% | 32,280 | $15.7M | Reduce -8.6% |
| CME Cme Group Inc. | 1.10% | 64,330 | $14.9M | Reduce -1.3% |
| ZTS Zoetis Inc. | 1.02% | 84,842 | $13.8M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 1.00% | 83,288 | $13.5M | Add +20.9% |
| CL Colgate-Palmolive Co. | 0.85% | 126,732 | $11.5M | Add +3.7% |
| ECL Ecolab Inc. | 0.79% | 45,915 | $10.8M | Add +0.1% |
| STZ Constellation Brands Inc. Class A | 0.74% | 45,779 | $10.1M | Reduce -2.8% |
| NFLX Netflix Inc. | 0.70% | 10,713 | $9.5M | Add +3.7% |
| GE General Electric filed as GE AEROSPACE | 0.62% | 50,705 | $8.5M | Add +2420.1% |
| FBND Fidelity Total Bond ETF | 0.29% | 88,462 | $4.0M | Add +5.9% |
| DHR Danaher Corp. | 0.28% | 16,515 | $3.8M | Reduce -16.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 6,046 | $2.7M | Reduce -13.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 4,370 | $2.6M | Add +0.3% |
| PEP Pepsico Inc. | 0.19% | 16,678 | $2.5M | Reduce -25.8% |
| IJH iShares Core S&P Midcap ETF | 0.18% | 39,917 | $2.5M | Reduce -5.1% |
| GMS GMS Inc. | 0.16% | 25,200 | $2.1M | New |
| PG The Procter & Gamble Co. | 0.15% | 12,278 | $2.1M | Reduce -8.0% |
| IVV iShares Core S&P 500 ETF | 0.14% | 3,254 | $1.9M | Reduce -6.8% |
| EFA iShares MSCI Eafe ETF | 0.14% | 24,587 | $1.9M | Reduce -5.9% |
| GOOGL Alphabet Inc. Class A | 0.13% | 9,255 | $1.8M | Reduce -4.5% |
| SCHD Schwab US DVD Equity ETF | 0.12% | 61,701 | $1.7M | Add +5.2% |
| XOM Exxon Mobil Corp. | 0.12% | 15,237 | $1.6M | Add +0.4% |
| TCHP T Rowe Price Blue Chip Growt | 0.11% | 35,932 | $1.5M | Add +41.9% |
| MRK Merck & Co. Inc. | 0.10% | 13,593 | $1.4M | Reduce -4.4% |
| PNC PNC Financial Services Group | 0.10% | 6,882 | $1.3M | Add +7.8% |
| JPST JPMorgan Ultra-Short Income | 0.10% | 26,072 | $1.3M | Add +2.1% |
| VOO Vanguard S&P 500 ETF | 0.09% | 2,340 | $1.3M | Add +79.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 2,393 | $1.2M | Add +31.5% |
| TSLA Tesla Inc. | 0.08% | 2,619 | $1.1M | Reduce -10.0% |
| MCO Moody's Corp. | 0.08% | 2,156 | $1.0M | Reduce -1.2% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 4,962 | $972K | Add +1.0% |
| AON Aon PLC Class A | 0.07% | 2,634 | $946K | Reduce -0.4% |
| ROP Roper Technologies Inc. | 0.07% | 1,801 | $936K | Reduce -9.7% |
| UNP Union Pacific Corp. | 0.06% | 3,750 | $855K | Reduce -3.2% |
| ORCL Oracle Corp. | 0.06% | 5,108 | $851K | Add +13.7% |
| SHW The Sherwin-Williams Co. | 0.06% | 2,286 | $777K | Reduce -5.1% |
| NEE Nextera Energy Inc. | 0.06% | 10,519 | $754K | Add +2.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 3,299 | $725K | Reduce -8.3% |
| CSCO Cisco Systems Inc. | 0.05% | 11,984 | $709K | Add +1.4% |
| ADP Automatic Data Processing | 0.05% | 2,400 | $703K | Reduce -11.0% |
| SBUX Starbucks Corp. | 0.05% | 7,249 | $661K | Reduce -0.2% |
| MUB iShares National Muni Bond E | 0.05% | 6,124 | $653K | Add +30.7% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.04% | 11,423 | $596K | Reduce -3.0% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.04% | 7,639 | $578K | Add +1.5% |
| WMT Walmart Inc. | 0.04% | 6,356 | $574K | Add +0.3% |
| KO The Coca-Cola Co. | 0.04% | 9,051 | $564K | Add +1.2% |
| QCOM Qualcomm Inc. | 0.04% | 3,560 | $547K | Add +2.1% |
| VZ Verizon Communications Inc. | 0.04% | 12,789 | $511K | Reduce -13.2% |
| TRMK Trustmark Corp. | 0.04% | 14,028 | $496K | No change |
| JEF Jefferies Financial Group Inc. | 0.04% | 6,316 | $495K | No change |
| IWB iShares Russell 1000 ETF | 0.04% | 1,518 | $489K | Add +26.5% |
| V Visa Inc. Class A | 0.03% | 1,490 | $471K | Add +37.6% |
| MCD McDonald's Corp. | 0.03% | 1,622 | $470K | Reduce -0.3% |
| PFE Pfizer Inc. | 0.03% | 17,519 | $465K | Reduce -9.6% |
| IJS iShares S&P Small-Cap 600 Va | 0.03% | 3,995 | $434K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.03% | 3,839 | $427K | Reduce -26.3% |
| ABBV Abbvie Inc. | 0.03% | 2,337 | $415K | Add +27.0% |
| VMC Vulcan Materials Co. | 0.03% | 1,554 | $400K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.03% | 1,345 | $390K | Reduce -1.3% |
| WM Waste Management Inc. | 0.03% | 1,913 | $386K | New |
| IXUS iShares Core Intl Stock ETF | 0.03% | 5,793 | $383K | Add +22.8% |
| BBY Best Buy Co. Inc. | 0.03% | 4,302 | $369K | Add +1.2% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 7,668 | $367K | Add +13.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.03% | 1,503 | $361K | No change |
| AVGO Broadcom Inc. | 0.03% | 1,463 | $339K | Reduce -17.0% |
| ADBE Adobe Inc. | 0.02% | 740 | $329K | Reduce -10.5% |
| TMO Thermo Fisher Scientific Inc. | 0.02% | 614 | $319K | Reduce -5.0% |
| CWT California Water Service Grp | 0.02% | 6,667 | $302K | New |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.02% | 3,460 | $295K | Add +0.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.02% | 679 | $289K | New |
| CTAS Cintas Corp. | 0.02% | 1,492 | $273K | Reduce -36.6% |
| EW Edwards Lifesciences Corp. | 0.02% | 3,575 | $265K | Reduce -1.6% |
| CAT Caterpillar Inc. | 0.02% | 709 | $257K | Reduce -5.8% |
| MDT Medtronic PLC | 0.02% | 3,180 | $254K | Reduce -10.8% |
Portfolio Sells Q3 2024 → Q4 2024
| LLY Eli Lilly & Co. | Reduce -0.7% | 2.64% | −0.52 |
| MSFT Microsoft Corp. | Reduce -0.4% | 7.88% | −0.48 |
| LMT Lockheed Martin Corp. | Reduce -8.6% | 1.15% | −0.42 |
| JNJ Johnson & Johnson | Reduce -0.1% | 1.77% | −0.29 |
| ZTS Zoetis Inc. | Reduce -0.3% | 1.02% | −0.25 |
| STZ Constellation Brands Inc. Class A | Reduce -2.8% | 0.74% | −0.18 |
| DHR Danaher Corp. | Reduce -16.2% | 0.28% | −0.14 |
| SPGI S&P Global Inc. | Reduce -0.3% | 1.55% | −0.12 |
| PEP Pepsico Inc. | Reduce -25.8% | 0.19% | −0.10 |
| META Meta Platforms Inc. Class A | Reduce -1.1% | 4.21% | −0.10 |
| ABT Abbott Laboratories | Reduce -0.2% | 1.41% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.9% | 0.20% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -5.9% | 0.14% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -8.0% | 0.15% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -4.4% | 0.10% | −0.02 |
| BN Brookfield Corp. | Sold out | 0.00% | −0.02 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.02 |
| CTAS Cintas Corp. | Reduce -36.6% | 0.02% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -5.1% | 0.18% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.02 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -9.7% | 0.07% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -5.1% | 0.06% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -13.2% | 0.04% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -6.8% | 0.14% | −0.01 |
| T AT&T Inc. | Reduce -41.3% | 0.01% | −0.01 |
| UNP Union Pacific Corp. | Reduce -3.2% | 0.06% | −0.01 |
| PFE Pfizer Inc. | Reduce -9.6% | 0.03% | −0.01 |
| ADBE Adobe Inc. | Reduce -10.5% | 0.02% | −0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -3.0% | 0.04% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -8.3% | 0.05% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.0% | 0.02% | −0.01 |
| DIS The Walt Disney Co. | Reduce -26.3% | 0.03% | −0.01 |
| MDT Medtronic PLC | Reduce -10.8% | 0.02% | −0.01 |
| PLD Prologis Inc. | Reduce -5.8% | 0.02% | −0.01 |
| SBUX Starbucks Corp. | Reduce -0.2% | 0.05% | −0.01 |
| ADP Automatic Data Processing | Reduce -11.0% | 0.05% | −0.01 |
| MCO Moody's Corp. | Reduce -1.2% | 0.08% | −0.00 |
| CAT Caterpillar Inc. | Reduce -5.8% | 0.02% | −0.00 |
| MCD McDonald's Corp. | Reduce -0.3% | 0.03% | −0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -1.1% | 0.02% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.3% | 0.03% | −0.00 |
| AON Aon PLC Class A | Reduce -0.4% | 0.07% | −0.00 |
| EW Edwards Lifesciences Corp. | Reduce -1.6% | 0.02% | +0.00 |
| AVGO Broadcom Inc. | Reduce -17.0% | 0.03% | +0.00 |
| CME Cme Group Inc. | Reduce -1.3% | 1.10% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -4.5% | 0.13% | +0.01 |
| TSLA Tesla Inc. | Reduce -10.0% | 0.08% | +0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +1.8% | 5.85% | +0.79 |
| GE General Electric | Add +2420.1% | 0.62% | +0.59 |
| GOOG Alphabet Inc. Class C | Add +0.6% | 5.62% | +0.54 |
| NVDA Nvidia Corp. | Add +0.5% | 7.17% | +0.48 |
| AAPL Apple Inc. | Add +0.2% | 9.34% | +0.35 |
| MS Morgan Stanley | Add +0.0% | 2.46% | +0.35 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 3.52% | +0.32 |
| GMS GMS Inc. | New | 0.16% | +0.16 |
| AXP American Express Co. | Add +0.6% | 2.63% | +0.15 |
| NFLX Netflix Inc. | Add +3.7% | 0.70% | +0.14 |
| MA Mastercard Inc. Class A | Add +1.7% | 3.00% | +0.13 |
| HON Honeywell International Inc. | Add +0.1% | 2.50% | +0.13 |
| ISRG Intuitive Surgical Inc. | Add +3.1% | 1.52% | +0.08 |
| VOO Vanguard S&P 500 ETF | Add +79.3% | 0.09% | +0.04 |
| TCHP T Rowe Price Blue Chip Growt | Add +41.9% | 0.11% | +0.03 |
| WM Waste Management Inc. | New | 0.03% | +0.03 |
| CWT California Water Service Grp | New | 0.02% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +31.5% | 0.09% | +0.02 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.02% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | Add +0.4% | 1.39% | +0.02 |
| EMR Emerson Electric Co. | New | 0.02% | +0.02 |
| COP Conocophillips | New | 0.02% | +0.02 |
| PM Philip Morris International | New | 0.01% | +0.01 |
| ETN Eaton Corp. PLC | New | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +37.6% | 0.03% | +0.01 |
| MUB iShares National Muni Bond E | Add +30.7% | 0.05% | +0.01 |
| PNC PNC Financial Services Group | Add +7.8% | 0.10% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.4% | 4.17% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +26.5% | 0.04% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.4% | 0.05% | +0.00 |
| ORCL Oracle Corp. | Add +13.7% | 0.06% | +0.00 |
| WMT Walmart Inc. | Add +0.3% | 0.04% | +0.00 |
| ABBV Abbvie Inc. | Add +27.0% | 0.03% | +0.00 |
| IXUS iShares Core Intl Stock ETF | Add +22.8% | 0.03% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +13.8% | 0.03% | −0.00 |
| LOW Lowe's Cos Inc. | Add +10.9% | 0.02% | −0.00 |
| CF CF Industries Holdings Inc. | Add +0.3% | 0.02% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Add +5.2% | 0.12% | −0.00 |
| JPST JPMorgan Ultra-Short Income | Add +2.1% | 0.10% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.19% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +1.0% | 0.07% | −0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.5% | 0.04% | −0.00 |
| AMT American Tower Corp. | Add +0.6% | 0.02% | −0.00 |
| QCOM Qualcomm Inc. | Add +2.1% | 0.04% | −0.00 |
| FBND Fidelity Total Bond ETF | Add +5.9% | 0.29% | −0.01 |
| BBY Best Buy Co. Inc. | Add +1.2% | 0.03% | −0.01 |
| KO The Coca-Cola Co. | Add +1.2% | 0.04% | −0.01 |
| TJX TJX Companies Inc. | Add +0.4% | 1.97% | −0.01 |
| NEE Nextera Energy Inc. | Add +2.7% | 0.06% | −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 |