Maple Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed June 16, 2025), Maple Capital Management, Inc. reported 120 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 8.7% of the portfolio, followed by Microsoft (MSFT, 7.4%) and Nvidia (NVDA, 6.1%). Compared with Q4 2024, it opened 12 new positions, sold out of 7, added to 53 and reduced 48. The biggest buy was Chevron (CVX, shares +3%) and the biggest sale Constellation Brands Class A (STZ, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- MONTPELIER, VT
- CIK
- 0001313893
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001313893-25-000003 ↗ filed Jun 16, 2025
Holdings Value
Holdings 120 stocks · $1.3B
| AAPL Apple Inc. | 8.75% | 509,560 | $113.2M | Add +0.6% |
| MSFT Microsoft Corp. | 7.39% | 254,685 | $95.6M | Add +0.4% |
| NVDA Nvidia Corp. | 6.14% | 732,482 | $79.4M | Add +1.0% |
| AMZN Amazon.com Inc. | 5.53% | 376,269 | $71.6M | Add +3.9% |
| GOOG Alphabet Inc. Class C | 4.88% | 404,522 | $63.2M | Add +0.9% |
| COST Costco Wholesale Corp. | 4.54% | 62,171 | $58.8M | Add +0.5% |
| META Meta Platforms Inc. Class A | 4.33% | 97,233 | $56.0M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 3.68% | 194,235 | $47.6M | Reduce -2.7% |
| MA Mastercard Inc. Class A | 3.33% | 78,605 | $43.1M | Add +1.6% |
| TXN Texas Instruments Inc. | 3.12% | 224,873 | $40.4M | Add +2.4% |
| LLY Eli Lilly & Co. | 2.94% | 46,089 | $38.1M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 2.79% | 68,861 | $36.1M | Add +1.7% |
| IJR iShares Core S&P Small-Cap E | 2.68% | 331,234 | $34.6M | Add +7.1% |
| ACN Accenture PLC Class A | 2.67% | 110,723 | $34.6M | Add +0.4% |
| HON Honeywell International Inc. | 2.48% | 151,423 | $32.1M | Add +0.9% |
| AXP American Express Co. | 2.43% | 116,822 | $31.4M | Reduce -2.9% |
| HD Home Depot Inc. | 2.35% | 82,848 | $30.4M | Add +2.9% |
| MS Morgan Stanley | 2.24% | 248,891 | $29.0M | Reduce -6.4% |
| JNJ Johnson & Johnson | 2.15% | 167,981 | $27.9M | Add +1.1% |
| CVX Chevron Corp. | 2.11% | 162,849 | $27.2M | Add +2.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.08% | 221,194 | $26.9M | Reduce -0.1% |
| ABT Abbott Laboratories | 1.74% | 169,957 | $22.5M | Add +0.3% |
| SPGI S&P Global Inc. | 1.66% | 42,148 | $21.4M | Reduce -0.4% |
| APD Air Products & Chemicals Inc. | 1.62% | 70,887 | $20.9M | Add +3.8% |
| ISRG Intuitive Surgical Inc. | 1.48% | 38,623 | $19.1M | Reduce -2.6% |
| CME Cme Group Inc. | 1.31% | 63,888 | $16.9M | Reduce -0.7% |
| CMG Chipotle Mexican Grill Inc. | 1.28% | 330,664 | $16.6M | Add +5.3% |
| ZTS Zoetis Inc. | 1.09% | 85,918 | $14.1M | Add +1.3% |
| LMT Lockheed Martin Corp. | 1.04% | 30,239 | $13.5M | Reduce -6.3% |
| CL Colgate-Palmolive Co. | 1.03% | 141,870 | $13.3M | Add +11.9% |
| GE General Electric filed as GE AEROSPACE | 1.01% | 65,156 | $13.0M | Add +28.5% |
| AMAT Applied Materials Inc. | 0.96% | 85,768 | $12.4M | Add +3.0% |
| ECL Ecolab Inc. | 0.91% | 46,251 | $11.7M | Add +0.7% |
| NFLX Netflix Inc. | 0.80% | 11,048 | $10.3M | Add +3.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.37% | 6 | $4.8M | New |
| FBND Fidelity Total Bond ETF | 0.34% | 95,884 | $4.4M | Add +8.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 5,702 | $3.0M | Reduce -5.7% |
| DHR Danaher Corp. | 0.18% | 11,285 | $2.3M | Reduce -31.7% |
| EFA iShares MSCI Eafe ETF | 0.16% | 25,553 | $2.1M | Add +3.9% |
| IVV iShares Core S&P 500 ETF | 0.16% | 3,711 | $2.1M | Add +14.0% |
| PG The Procter & Gamble Co. | 0.16% | 11,788 | $2.0M | Reduce -4.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 3,563 | $2.0M | Reduce -18.5% |
| IJH iShares Core S&P Midcap ETF | 0.15% | 33,219 | $1.9M | Reduce -16.8% |
| SCHD Schwab US DVD Equity ETF | 0.15% | 67,386 | $1.9M | Add +9.2% |
| GMS GMS Inc. | 0.14% | 25,200 | $1.8M | No change |
| XOM Exxon Mobil Corp. | 0.14% | 15,406 | $1.8M | Add +1.1% |
| JPST JPMorgan Ultra-Short Income | 0.13% | 32,059 | $1.6M | Add +23.0% |
| PEP Pepsico Inc. | 0.12% | 10,738 | $1.6M | Reduce -35.6% |
| GOOGL Alphabet Inc. Class A | 0.12% | 9,913 | $1.5M | Add +7.1% |
| TCHP T Rowe Price Blue Chip Growt | 0.12% | 39,563 | $1.5M | Add +10.1% |
| VOO Vanguard S&P 500 ETF | 0.09% | 2,300 | $1.2M | Reduce -1.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 2,393 | $1.1M | No change |
| MCD McDonald's Corp. | 0.09% | 3,532 | $1.1M | Add +117.8% |
| MRK Merck & Co. Inc. | 0.09% | 12,252 | $1.1M | Reduce -9.9% |
| PNC PNC Financial Services Group | 0.08% | 5,862 | $1.0M | Reduce -14.8% |
| MCO Moody's Corp. | 0.08% | 2,152 | $1.0M | Reduce -0.2% |
| VIG Vanguard Dividend Apprec ETF | 0.08% | 5,022 | $974K | Add +1.2% |
| UNP Union Pacific Corp. | 0.07% | 3,792 | $896K | Add +1.1% |
| ROP Roper Technologies Inc. | 0.07% | 1,432 | $844K | Reduce -20.5% |
| TSLA Tesla Inc. | 0.06% | 3,115 | $807K | Add +18.9% |
| SHW The Sherwin-Williams Co. | 0.06% | 2,266 | $791K | Reduce -0.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 3,093 | $769K | Reduce -6.2% |
| ADP Automatic Data Processing | 0.06% | 2,361 | $721K | Reduce -1.6% |
| RSP Invesco S&P 500 Equal Weight | 0.06% | 4,151 | $719K | New |
| ABBV Abbvie Inc. | 0.06% | 3,429 | $718K | Add +46.7% |
| ORCL Oracle Corp. | 0.05% | 4,986 | $697K | Reduce -2.4% |
| V Visa Inc. Class A | 0.05% | 1,938 | $679K | Add +30.1% |
| QUAL iShares MSCI USA Quality Fac | 0.05% | 3,903 | $667K | Add +201.9% |
| CSCO Cisco Systems Inc. | 0.05% | 10,730 | $662K | Reduce -10.5% |
| SBUX Starbucks Corp. | 0.05% | 6,168 | $605K | Reduce -14.9% |
| NEE Nextera Energy Inc. | 0.05% | 8,492 | $602K | Reduce -19.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.05% | 7,580 | $598K | Reduce -0.8% |
| IXUS iShares Core Intl Stock ETF | 0.04% | 8,329 | $581K | Add +43.8% |
| VZ Verizon Communications Inc. | 0.04% | 12,687 | $575K | Reduce -0.8% |
| WMT Walmart Inc. | 0.04% | 6,473 | $568K | Add +1.8% |
| KO The Coca-Cola Co. | 0.04% | 7,864 | $563K | Reduce -13.1% |
| QCOM Qualcomm Inc. | 0.04% | 3,596 | $552K | Add +1.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.04% | 9,755 | $541K | Reduce -14.6% |
| WM Waste Management Inc. | 0.04% | 2,318 | $537K | Add +21.2% |
| MUB iShares National Muni Bond E | 0.04% | 4,697 | $495K | Reduce -23.3% |
| TRMK Trustmark Corp. | 0.04% | 14,028 | $484K | No change |
| IWB iShares Russell 1000 ETF | 0.04% | 1,518 | $466K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.03% | 1,897 | $421K | Add +26.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.03% | 1,475 | $405K | Add +9.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.03% | 4,406 | $404K | New |
| IWM iShares Russell 2000 ETF | 0.03% | 1,956 | $390K | New |
| IJS iShares S&P Small-Cap 600 Va | 0.03% | 3,995 | $389K | No change |
| PFE Pfizer Inc. | 0.03% | 14,869 | $377K | Reduce -15.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.03% | 5,716 | $347K | New |
| VMC Vulcan Materials Co. | 0.03% | 1,477 | $345K | Reduce -5.0% |
| BBY Best Buy Co. Inc. | 0.03% | 4,609 | $339K | Add +7.1% |
| JEF Jefferies Financial Group Inc. | 0.03% | 6,318 | $338K | Add +0.0% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.03% | 4,250 | $332K | Add +22.8% |
| CWT California Water Service Grp | 0.03% | 6,667 | $323K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.02% | 3,058 | $302K | Reduce -20.3% |
| CAT Caterpillar Inc. | 0.02% | 881 | $291K | Add +24.3% |
| ROK Rockwell Automation Inc. | 0.02% | 1,103 | $285K | Add +47.1% |
| EW Edwards Lifesciences Corp. | 0.02% | 3,852 | $279K | Add +7.8% |
| TMO Thermo Fisher Scientific Inc. | 0.02% | 561 | $279K | Reduce -8.6% |
| NSC Norfolk Southern Corp. | 0.02% | 1,174 | $278K | New |
Portfolio Sells Q4 2024 → Q1 2025
| STZ Constellation Brands Inc. Class A | Reduce -97.2% | 0.02% | −0.73 |
| MS Morgan Stanley | Reduce -6.4% | 2.24% | −0.22 |
| AXP American Express Co. | Reduce -2.9% | 2.43% | −0.20 |
| LMT Lockheed Martin Corp. | Reduce -6.3% | 1.04% | −0.11 |
| DHR Danaher Corp. | Reduce -31.7% | 0.18% | −0.10 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.07 |
| PEP Pepsico Inc. | Reduce -35.6% | 0.12% | −0.06 |
| ISRG Intuitive Surgical Inc. | Reduce -2.6% | 1.48% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -18.5% | 0.15% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -16.8% | 0.15% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.03 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.02 |
| PNC PNC Financial Services Group | Reduce -14.8% | 0.08% | −0.02 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.02 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.02 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -9.9% | 0.09% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -23.3% | 0.04% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -19.3% | 0.05% | −0.01 |
| ORCL Oracle Corp. | Reduce -2.4% | 0.05% | −0.01 |
| AVGO Broadcom Inc. | Reduce -14.2% | 0.02% | −0.01 |
| DIS The Walt Disney Co. | Reduce -20.3% | 0.02% | −0.01 |
| ADBE Adobe Inc. | Reduce -26.1% | 0.02% | −0.01 |
| PFE Pfizer Inc. | Reduce -15.1% | 0.03% | −0.01 |
| ROP Roper Technologies Inc. | Reduce -20.5% | 0.07% | −0.00 |
| VMC Vulcan Materials Co. | Reduce -5.0% | 0.03% | −0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -14.6% | 0.04% | −0.00 |
| SBUX Starbucks Corp. | Reduce -14.9% | 0.05% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.6% | 0.02% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -1.7% | 0.09% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -10.5% | 0.05% | −0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -5.3% | 0.02% | −0.00 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -6.3% | 0.02% | +0.00 |
| PLD Prologis Inc. | Reduce -7.5% | 0.02% | +0.00 |
| COP Conocophillips | Reduce -1.2% | 0.02% | +0.00 |
| KO The Coca-Cola Co. | Reduce -13.1% | 0.04% | +0.00 |
| MDT Medtronic PLC | Reduce -5.2% | 0.02% | +0.00 |
| MCO Moody's Corp. | Reduce -0.2% | 0.08% | +0.00 |
| AMT American Tower Corp. | Reduce -1.3% | 0.02% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -0.8% | 0.05% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -4.0% | 0.16% | +0.00 |
| SHW The Sherwin-Williams Co. | Reduce -0.9% | 0.06% | +0.00 |
| ADP Automatic Data Processing | Reduce -1.6% | 0.06% | +0.00 |
| T AT&T Inc. | Reduce -0.7% | 0.02% | +0.00 |
| PM Philip Morris International | Reduce -0.2% | 0.02% | +0.01 |
| IBM Intl Business Machines Corp. | Reduce -6.2% | 0.06% | +0.01 |
| VZ Verizon Communications Inc. | Reduce -0.8% | 0.04% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.7% | 0.23% | +0.03 |
| SPGI S&P Global Inc. | Reduce -0.4% | 1.66% | +0.10 |
Portfolio Buys Q4 2024 → Q1 2025
| CVX Chevron Corp. | Add +2.7% | 2.11% | +0.41 |
| GE General Electric | Add +28.5% | 1.01% | +0.39 |
| JNJ Johnson & Johnson | Add +1.1% | 2.15% | +0.38 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.37% | +0.37 |
| COST Costco Wholesale Corp. | Add +0.5% | 4.54% | +0.37 |
| ABT Abbott Laboratories | Add +0.3% | 1.74% | +0.33 |
| MA Mastercard Inc. Class A | Add +1.6% | 3.33% | +0.33 |
| UNH Unitedhealth Group Inc. | Add +1.7% | 2.79% | +0.26 |
| CL Colgate-Palmolive Co. | Add +11.9% | 1.03% | +0.18 |
| APD Air Products & Chemicals Inc. | Add +3.8% | 1.62% | +0.16 |
| ECL Ecolab Inc. | Add +0.7% | 0.91% | +0.11 |
| NFLX Netflix Inc. | Add +3.1% | 0.80% | +0.09 |
| TXN Texas Instruments Inc. | Add +2.4% | 3.12% | +0.09 |
| ZTS Zoetis Inc. | Add +1.3% | 1.09% | +0.08 |
| RSP Invesco S&P 500 Equal Weight | New | 0.06% | +0.06 |
| IJR iShares Core S&P Small-Cap E | Add +7.1% | 2.68% | +0.05 |
| MCD McDonald's Corp. | Add +117.8% | 0.09% | +0.05 |
| FBND Fidelity Total Bond ETF | Add +8.4% | 0.34% | +0.05 |
| HD Home Depot Inc. | Add +2.9% | 2.35% | +0.04 |
| QUAL iShares MSCI USA Quality Fac | Add +201.9% | 0.05% | +0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.03% | +0.03 |
| IWM iShares Russell 2000 ETF | New | 0.03% | +0.03 |
| JPST JPMorgan Ultra-Short Income | Add +23.0% | 0.13% | +0.03 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.03% | +0.03 |
| ABBV Abbvie Inc. | Add +46.7% | 0.06% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +3.9% | 0.16% | +0.02 |
| NSC Norfolk Southern Corp. | New | 0.02% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +9.2% | 0.15% | +0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.02% | +0.02 |
| XOM Exxon Mobil Corp. | Add +1.1% | 0.14% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +14.0% | 0.16% | +0.02 |
| TT Trane Technologies PLC | New | 0.02% | +0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.02% | +0.02 |
| IVW iShares S&P 500 Growth ETF | New | 0.02% | +0.02 |
| V Visa Inc. Class A | Add +30.1% | 0.05% | +0.02 |
| IXUS iShares Core Intl Stock ETF | Add +43.8% | 0.04% | +0.02 |
| LIN Linde PLC | New | 0.02% | +0.02 |
| BEN Franklin Templeton Inc. | New | 0.01% | +0.01 |
| WM Waste Management Inc. | Add +21.2% | 0.04% | +0.01 |
| UNP Union Pacific Corp. | Add +1.1% | 0.07% | +0.01 |
| ROK Rockwell Automation Inc. | Add +47.1% | 0.02% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +26.2% | 0.03% | +0.01 |
| TCHP T Rowe Price Blue Chip Growt | Add +10.1% | 0.12% | +0.01 |
| CF CF Industries Holdings Inc. | Add +22.8% | 0.03% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +1.2% | 0.08% | +0.00 |
| CAT Caterpillar Inc. | Add +24.3% | 0.02% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.7% | 0.03% | +0.00 |
| QCOM Qualcomm Inc. | Add +1.0% | 0.04% | +0.00 |
| EW Edwards Lifesciences Corp. | Add +7.8% | 0.02% | +0.00 |
| WMT Walmart Inc. | Add +1.8% | 0.04% | +0.00 |
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 |