Maple Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Maple Capital Management, Inc. reported 116 stock positions worth $1.5 billion. Its top holding was Microsoft (MSFT) at 8.9% of the portfolio, followed by Nvidia (NVDA, 8.2%) and Apple (AAPL, 7.4%). Compared with Q1 2025, it opened 9 new positions, sold out of 13, added to 43 and reduced 59. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale Unitedhealth (UNH, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MONTPELIER, VT
- CIK
- 0001313893
- Portfolio Value
- $1.5B (Q2 2025)
- SEC Filing
- 0001313893-25-000004 ↗ filed Aug 8, 2025
Holdings Value
Holdings 116 stocks · $1.5B
| MSFT Microsoft Corp. | 8.90% | 261,254 | $130.0M | Add +2.6% |
| NVDA Nvidia Corp. | 8.18% | 755,771 | $119.4M | Add +3.2% |
| AAPL Apple Inc. | 7.35% | 523,384 | $107.4M | Add +2.7% |
| AMZN Amazon.com Inc. | 5.94% | 395,044 | $86.7M | Add +5.0% |
| GOOG Alphabet Inc. Class C | 5.35% | 440,790 | $78.2M | Add +9.0% |
| META Meta Platforms Inc. Class A | 5.06% | 100,032 | $73.8M | Add +2.9% |
| COST Costco Wholesale Corp. | 4.33% | 63,930 | $63.3M | Add +2.8% |
| JPM JPMorgan Chase & Co. | 3.81% | 191,841 | $55.6M | Reduce -1.2% |
| TXN Texas Instruments Inc. | 3.31% | 232,753 | $48.3M | Add +3.5% |
| MA Mastercard Inc. Class A | 3.11% | 80,814 | $45.4M | Add +2.8% |
| IJR iShares Core S&P Small-Cap E | 2.70% | 360,850 | $39.4M | Add +8.9% |
| AXP American Express Co. | 2.52% | 115,552 | $36.9M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 2.50% | 46,767 | $36.5M | Add +1.5% |
| HON Honeywell International Inc. | 2.48% | 155,222 | $36.1M | Add +2.5% |
| ACN Accenture PLC Class A | 2.32% | 113,380 | $33.9M | Add +2.4% |
| MS Morgan Stanley | 2.28% | 236,161 | $33.3M | Reduce -5.1% |
| HD Home Depot Inc. | 2.15% | 85,517 | $31.4M | Add +3.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.91% | 225,491 | $27.8M | Add +1.9% |
| JNJ Johnson & Johnson | 1.80% | 171,848 | $26.2M | Add +2.3% |
| CVX Chevron Corp. | 1.67% | 170,324 | $24.4M | Add +4.6% |
| ABT Abbott Laboratories | 1.60% | 172,197 | $23.4M | Add +1.3% |
| SPGI S&P Global Inc. | 1.54% | 42,764 | $22.5M | Add +1.5% |
| ISRG Intuitive Surgical Inc. | 1.43% | 38,355 | $20.8M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 1.42% | 66,413 | $20.7M | Reduce -3.5% |
| APD Air Products & Chemicals Inc. | 1.41% | 72,848 | $20.5M | Add +2.8% |
| CMG Chipotle Mexican Grill Inc. | 1.37% | 355,336 | $20.0M | Add +7.5% |
| GE General Electric filed as GE AEROSPACE | 1.35% | 76,452 | $19.7M | Add +17.3% |
| CME Cme Group Inc. | 1.21% | 64,337 | $17.7M | Add +0.7% |
| AMAT Applied Materials Inc. | 1.11% | 88,441 | $16.2M | Add +3.1% |
| NFLX Netflix Inc. | 1.05% | 11,425 | $15.3M | Add +3.4% |
| CL Colgate-Palmolive Co. | 1.02% | 164,077 | $14.9M | Add +15.7% |
| ZTS Zoetis Inc. | 0.94% | 87,552 | $13.7M | Add +1.9% |
| LMT Lockheed Martin Corp. | 0.89% | 28,052 | $13.0M | Reduce -7.2% |
| ECL Ecolab Inc. | 0.87% | 46,944 | $12.6M | Add +1.5% |
| UBER Uber Technologies Inc. | 0.63% | 99,263 | $9.3M | New |
| FBND Fidelity Total Bond ETF | 0.30% | 97,294 | $4.5M | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 6,041 | $2.9M | Add +6.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 4,325 | $2.7M | Add +21.4% |
| EFA iShares MSCI Eafe ETF | 0.15% | 25,306 | $2.3M | Reduce -1.0% |
| IJH iShares Core S&P Midcap ETF | 0.15% | 36,420 | $2.3M | Add +9.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.15% | 3 | $2.2M | Reduce -50.0% |
| IVV iShares Core S&P 500 ETF | 0.15% | 3,483 | $2.2M | Reduce -6.1% |
| TCHP T Rowe Price Blue Chip Growt | 0.13% | 40,895 | $1.9M | Add +3.4% |
| SCHD Schwab US DVD Equity ETF | 0.12% | 65,950 | $1.7M | Reduce -2.1% |
| PG The Procter & Gamble Co. | 0.12% | 10,961 | $1.7M | Reduce -7.0% |
| GOOGL Alphabet Inc. Class A | 0.12% | 9,867 | $1.7M | Reduce -0.5% |
| DHR Danaher Corp. | 0.11% | 8,038 | $1.6M | Reduce -28.8% |
| XOM Exxon Mobil Corp. | 0.11% | 14,367 | $1.5M | Reduce -6.7% |
| JPST JPMorgan Ultra-Short Income | 0.10% | 29,491 | $1.5M | Reduce -8.0% |
| GMS GMS Inc. | 0.09% | 12,250 | $1.3M | Reduce -51.4% |
| VOO Vanguard S&P 500 ETF | 0.09% | 2,231 | $1.3M | Reduce -3.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 2,285 | $1.3M | Reduce -4.5% |
| ORCL Oracle Corp. | 0.08% | 5,052 | $1.1M | Add +1.3% |
| IXUS iShares Core Intl Stock ETF | 0.07% | 13,993 | $1.1M | Add +68.0% |
| MCO Moody's Corp. | 0.07% | 2,152 | $1.1M | No change |
| TSLA Tesla Inc. | 0.07% | 3,257 | $1.0M | Add +4.6% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 4,958 | $1.0M | Reduce -1.3% |
| MCD McDonald's Corp. | 0.07% | 3,369 | $984K | Reduce -4.6% |
| PNC PNC Financial Services Group | 0.07% | 5,249 | $979K | Reduce -10.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 3,083 | $909K | Reduce -0.3% |
| PEP Pepsico Inc. | 0.06% | 6,871 | $907K | Reduce -36.0% |
| UNP Union Pacific Corp. | 0.06% | 3,653 | $840K | Reduce -3.7% |
| MRK Merck & Co. Inc. | 0.06% | 10,339 | $818K | Reduce -15.6% |
| SHW The Sherwin-Williams Co. | 0.05% | 2,152 | $739K | Reduce -5.0% |
| ABBV Abbvie Inc. | 0.05% | 3,922 | $728K | Add +14.4% |
| ADP Automatic Data Processing | 0.05% | 2,357 | $727K | Reduce -0.2% |
| WMT Walmart Inc. | 0.04% | 6,707 | $656K | Add +3.6% |
| QUAL iShares MSCI USA Quality Fac | 0.04% | 3,543 | $648K | Reduce -9.2% |
| KO The Coca-Cola Co. | 0.04% | 9,061 | $641K | Add +15.2% |
| V Visa Inc. Class A | 0.04% | 1,774 | $630K | Reduce -8.5% |
| CSCO Cisco Systems Inc. | 0.04% | 8,834 | $613K | Reduce -17.7% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.04% | 10,031 | $611K | Add +2.8% |
| ROP Roper Technologies Inc. | 0.04% | 1,031 | $584K | Reduce -28.0% |
| NEE Nextera Energy Inc. | 0.04% | 7,671 | $533K | Reduce -9.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.04% | 6,500 | $531K | Reduce -14.3% |
| IWB iShares Russell 1000 ETF | 0.04% | 1,518 | $515K | No change |
| TRMK Trustmark Corp. | 0.04% | 14,028 | $511K | No change |
| SBUX Starbucks Corp. | 0.03% | 5,474 | $502K | Reduce -11.3% |
| MUB iShares National Muni Bond E | 0.03% | 4,617 | $482K | Reduce -1.7% |
| VZ Verizon Communications Inc. | 0.03% | 10,295 | $445K | Reduce -18.9% |
| RSP Invesco S&P 500 Equal Weight | 0.03% | 2,445 | $444K | Reduce -41.1% |
| AVGO Broadcom Inc. | 0.03% | 1,542 | $425K | Add +22.8% |
| QCOM Qualcomm Inc. | 0.03% | 2,646 | $421K | Reduce -26.4% |
| MDT Medtronic PLC | 0.03% | 4,667 | $407K | Add +54.8% |
| WM Waste Management Inc. | 0.03% | 1,703 | $390K | Reduce -26.5% |
| VMC Vulcan Materials Co. | 0.03% | 1,460 | $381K | Reduce -1.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.03% | 1,228 | $373K | Reduce -16.8% |
| IJS iShares S&P Small-Cap 600 Va | 0.03% | 3,695 | $368K | Reduce -7.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.02% | 2,846 | $353K | Reduce -6.9% |
| JEF Jefferies Financial Group Inc. | 0.02% | 6,316 | $345K | Reduce -0.0% |
| TT Trane Technologies PLC | 0.02% | 756 | $331K | Reduce -0.8% |
| PFE Pfizer Inc. | 0.02% | 13,459 | $326K | Reduce -9.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.02% | 706 | $310K | New |
| PM Philip Morris International | 0.02% | 1,693 | $308K | No change |
| IDXX Idexx Laboratories Inc. | 0.02% | 568 | $305K | Reduce -0.9% |
| CWT California Water Service Grp | 0.02% | 6,667 | $303K | No change |
| EW Edwards Lifesciences Corp. | 0.02% | 3,850 | $301K | Reduce -0.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.02% | 672 | $296K | Add +4.5% |
| FIX Comfort Systems USA Inc. | 0.02% | 546 | $293K | New |
| CAT Caterpillar Inc. | 0.02% | 743 | $289K | Reduce -15.7% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -3.5% | 1.42% | −1.37 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -50.0% | 0.15% | −0.22 |
| LMT Lockheed Martin Corp. | Reduce -7.2% | 0.89% | −0.15 |
| DHR Danaher Corp. | Reduce -28.8% | 0.11% | −0.07 |
| PEP Pepsico Inc. | Reduce -36.0% | 0.06% | −0.06 |
| GMS GMS Inc. | Reduce -51.4% | 0.09% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -0.7% | 1.43% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -7.0% | 0.12% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -6.7% | 0.11% | −0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.03 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -15.6% | 0.06% | −0.03 |
| VEU Vanguard Ftse All-World Ex-U | Sold out | 0.00% | −0.03 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.1% | 0.12% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -28.0% | 0.04% | −0.03 |
| RSP Invesco S&P 500 Equal Weight | Reduce -41.1% | 0.03% | −0.03 |
| JPST JPMorgan Ultra-Short Income | Reduce -8.0% | 0.10% | −0.02 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Sold out | 0.00% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.02 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.02 |
| MCD McDonald's Corp. | Reduce -4.6% | 0.07% | −0.02 |
| COP Conocophillips | Sold out | 0.00% | −0.02 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.02 |
| BEN Franklin Templeton Inc. | Sold out | 0.00% | −0.01 |
| WM Waste Management Inc. | Reduce -26.5% | 0.03% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -18.9% | 0.03% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -26.4% | 0.03% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -6.1% | 0.15% | −0.01 |
| PNC PNC Financial Services Group | Reduce -10.5% | 0.07% | −0.01 |
| SBUX Starbucks Corp. | Reduce -11.3% | 0.03% | −0.01 |
| UNP Union Pacific Corp. | Reduce -3.7% | 0.06% | −0.01 |
| CF CF Industries Holdings Inc. | Reduce -47.1% | 0.01% | −0.01 |
| BBY Best Buy Co. Inc. | Reduce -30.3% | 0.01% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -5.0% | 0.05% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -9.7% | 0.04% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -14.3% | 0.04% | −0.01 |
| V Visa Inc. Class A | Reduce -8.5% | 0.04% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -17.7% | 0.04% | −0.01 |
| QUAL iShares MSCI USA Quality Fac | Reduce -9.2% | 0.04% | −0.01 |
| PFE Pfizer Inc. | Reduce -9.5% | 0.02% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.0% | 0.15% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.0% | 0.02% | −0.01 |
| ADP Automatic Data Processing | Reduce -0.2% | 0.05% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.3% | 0.07% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -16.8% | 0.03% | −0.01 |
| MUB iShares National Muni Bond E | Reduce -1.7% | 0.03% | −0.01 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -7.5% | 0.03% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +3.2% | 8.18% | +2.04 |
| MSFT Microsoft Corp. | Add +2.6% | 8.90% | +1.51 |
| META Meta Platforms Inc. Class A | Add +2.9% | 5.06% | +0.73 |
| UBER Uber Technologies Inc. | New | 0.63% | +0.63 |
| GOOG Alphabet Inc. Class C | Add +9.0% | 5.35% | +0.47 |
| AMZN Amazon.com Inc. | Add +5.0% | 5.94% | +0.40 |
| GE General Electric | Add +17.3% | 1.35% | +0.34 |
| NFLX Netflix Inc. | Add +3.4% | 1.05% | +0.25 |
| TXN Texas Instruments Inc. | Add +3.5% | 3.31% | +0.19 |
| AMAT Applied Materials Inc. | Add +3.1% | 1.11% | +0.15 |
| CMG Chipotle Mexican Grill Inc. | Add +7.5% | 1.37% | +0.08 |
| IXUS iShares Core Intl Stock ETF | Add +68.0% | 0.07% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +21.4% | 0.18% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Add +8.9% | 2.70% | +0.02 |
| ORCL Oracle Corp. | Add +1.3% | 0.08% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.02% | +0.02 |
| FIX Comfort Systems USA Inc. | New | 0.02% | +0.02 |
| QXO Qxo Inc. | New | 0.02% | +0.02 |
| COF Capital One Financial Corp. | New | 0.02% | +0.02 |
| EFG iShares MSCI Eafe Growth ETF | New | 0.02% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.02% | +0.02 |
| SHOP Shopify Inc. Class A | New | 0.02% | +0.02 |
| EMR Emerson Electric Co. | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | Add +22.8% | 0.03% | +0.01 |
| TCHP T Rowe Price Blue Chip Growt | Add +3.4% | 0.13% | +0.01 |
| TSLA Tesla Inc. | Add +4.6% | 0.07% | +0.01 |
| MDT Medtronic PLC | Add +54.8% | 0.03% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +9.6% | 0.15% | +0.00 |
| WMT Walmart Inc. | Add +3.6% | 0.04% | +0.00 |
| KO The Coca-Cola Co. | Add +15.2% | 0.04% | +0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +2.8% | 0.04% | +0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Add +4.5% | 0.02% | −0.00 |
| HON Honeywell International Inc. | Add +2.5% | 2.48% | −0.00 |
| ABBV Abbvie Inc. | Add +14.4% | 0.05% | −0.01 |
| CL Colgate-Palmolive Co. | Add +15.7% | 1.02% | −0.01 |
| FBND Fidelity Total Bond ETF | Add +1.5% | 0.30% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.0% | 0.20% | −0.03 |
| ECL Ecolab Inc. | Add +1.5% | 0.87% | −0.04 |
| CME Cme Group Inc. | Add +0.7% | 1.21% | −0.10 |
| SPGI S&P Global Inc. | Add +1.5% | 1.54% | −0.11 |
| ABT Abbott Laboratories | Add +1.3% | 1.60% | −0.14 |
| ZTS Zoetis Inc. | Add +1.9% | 0.94% | −0.16 |
| TJX TJX Companies Inc. | Add +1.9% | 1.91% | −0.18 |
| HD Home Depot Inc. | Add +3.2% | 2.15% | −0.20 |
| APD Air Products & Chemicals Inc. | Add +2.8% | 1.41% | −0.21 |
| COST Costco Wholesale Corp. | Add +2.8% | 4.33% | −0.21 |
| MA Mastercard Inc. Class A | Add +2.8% | 3.11% | −0.22 |
| ACN Accenture PLC Class A | Add +2.4% | 2.32% | −0.35 |
| JNJ Johnson & Johnson | Add +2.3% | 1.80% | −0.36 |
| CVX Chevron Corp. | Add +4.6% | 1.67% | −0.44 |
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 |