Maple Capital Management, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Maple Capital Management, Inc. reported 116 stock positions worth $1.6 billion. Its top holding was Apple (AAPL) at 9.0% of the portfolio, followed by Alphabet Class C (GOOG, 8.8%) and Microsoft (MSFT, 8.0%). Compared with Q3 2025, it opened 9 new positions, sold out of 7, added to 47 and reduced 54. The biggest buy was Broadcom (AVGO, shares +5190%) and the biggest sale Nvidia (NVDA, shares −12%).

Most Recent 13F
Q2 2026
Location
MONTPELIER, VT
CIK
0001313893
Portfolio Value
$1.6B (Q4 2025)
SEC Filing
0001313893-26-000001 ↗ filed Feb 3, 2026

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 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 $1.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 116 stocks · $1.6B
AAPL Apple Inc. 8.98% 524,773 $142.7M Reduce -0.4%
GOOG Alphabet Inc. Class C 8.77% 443,891 $139.3M Reduce -0.5%
MSFT Microsoft Corp. 7.98% 262,158 $126.8M Reduce -0.5%
NVDA Nvidia Corp. 7.80% 664,739 $124.0M Reduce -12.2%
AMZN Amazon.com Inc. 5.94% 408,789 $94.4M Add +1.2%
META Meta Platforms Inc. Class A 4.18% 100,586 $66.4M Reduce -0.3%
JPM JPMorgan Chase & Co. 3.77% 185,663 $59.8M Reduce -1.2%
COST Costco Wholesale Corp. 3.50% 64,501 $55.6M Reduce -0.0%
LLY Eli Lilly & Co. 3.26% 48,202 $51.8M Add +2.7%
MA Mastercard Inc. Class A 2.97% 82,529 $47.1M Add +0.7%
IJR iShares Core S&P Small-Cap E 2.92% 386,565 $46.5M Add +3.1%
TXN Texas Instruments Inc. 2.61% 238,685 $41.4M Add +0.8%
MS Morgan Stanley 2.48% 221,798 $39.4M Reduce -1.5%
AXP American Express Co. 2.34% 100,672 $37.2M Reduce -9.9%
JNJ Johnson & Johnson 2.28% 174,828 $36.2M Add +0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.20% 227,854 $35.0M Add +0.1%
HON Honeywell International Inc. 1.94% 157,674 $30.8M Add +0.2%
ACN Accenture PLC Class A 1.92% 113,881 $30.6M Reduce -0.3%
HD Home Depot Inc. 1.91% 87,985 $30.3M Add +0.8%
AVGO Broadcom Inc. 1.72% 79,137 $27.4M Add +5189.9%
CVX Chevron Corp. 1.71% 178,682 $27.2M Add +1.5%
GE General Electric filed as GE AEROSPACE 1.67% 85,891 $26.5M Add +4.3%
AMAT Applied Materials Inc. 1.60% 98,640 $25.3M Add +8.5%
SPGI S&P Global Inc. 1.42% 43,224 $22.6M Add +0.3%
ABT Abbott Laboratories 1.35% 171,618 $21.5M Reduce -0.5%
ISRG Intuitive Surgical Inc. 1.33% 37,387 $21.2M Reduce -0.6%
APD Air Products & Chemicals Inc. 1.17% 75,150 $18.6M Add +1.0%
CME Cme Group Inc. 1.11% 64,585 $17.6M Reduce -0.2%
CL Colgate-Palmolive Co. 0.89% 178,126 $14.1M Add +2.6%
CMG Chipotle Mexican Grill Inc. 0.86% 369,148 $13.7M Add +1.0%
ECL Ecolab Inc. 0.79% 47,510 $12.5M Add +0.4%
ZTS Zoetis Inc. 0.70% 88,549 $11.1M Reduce -0.2%
NFLX Netflix Inc. 0.70% 118,783 $11.1M Add +0.3%
UBER Uber Technologies Inc. 0.62% 120,398 $9.8M Add +6.3%
MSCI MSCI Inc. 0.43% 11,920 $6.8M New
FBND Fidelity Total Bond ETF 0.31% 106,384 $4.9M Add +1.9%
GOOGL Alphabet Inc. Class A 0.19% 9,833 $3.1M Reduce -1.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 4,506 $3.1M Add +1.9%
BRK.B Berkshire Hathaway Inc. Class B 0.17% 5,514 $2.8M Reduce -8.4%
SPYM Ste STR SPDR PT S&P 500 ETF 0.17% 32,749 $2.6M New
EFA iShares MSCI Eafe ETF 0.15% 25,371 $2.4M Reduce -0.3%
IVV iShares Core S&P 500 ETF 0.15% 3,463 $2.4M Reduce -0.9%
IJH iShares Core S&P Midcap ETF 0.14% 32,795 $2.2M Reduce -2.3%
XOM Exxon Mobil Corp. 0.11% 14,167 $1.7M Add +4.3%
JPST JPMorgan Ultra-Short Income 0.11% 33,146 $1.7M Add +4.3%
TSLA Tesla Inc. 0.09% 3,140 $1.4M Reduce -0.8%
VOO Vanguard S&P 500 ETF 0.09% 2,234 $1.4M Add +12.8%
PG The Procter & Gamble Co. 0.08% 9,208 $1.3M Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 0.08% 2,133 $1.3M No change
IXUS iShares Core Intl Stock ETF 0.08% 15,348 $1.3M Reduce -6.2%
GLW Corning Inc. 0.08% 14,258 $1.2M New
DHR Danaher Corp. 0.08% 5,434 $1.2M Reduce -12.2%
MCO Moody's Corp. 0.07% 2,057 $1.1M Reduce -2.1%
VIG Vanguard Dividend Apprec ETF 0.07% 4,748 $1.0M Reduce -3.3%
MRK Merck & Co. Inc. 0.06% 9,218 $970K Add +4.0%
MCD McDonald's Corp. 0.06% 3,110 $951K Reduce -4.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 3,181 $942K Reduce -0.8%
TCHP T Rowe Price Blue Chip Growt 0.06% 18,523 $924K Reduce -46.9%
ABBV Abbvie Inc. 0.06% 3,891 $889K Reduce -0.8%
UNP Union Pacific Corp. 0.05% 3,505 $811K Reduce -0.1%
PNC PNC Financial Services Group 0.05% 3,873 $808K Reduce -8.3%
BRK.A Berkshire Hathaway Inc. Class A 0.05% 1 $755K Reduce -66.7%
V Visa Inc. Class A 0.05% 2,144 $752K Add +23.0%
ORCL Oracle Corp. 0.05% 3,767 $734K Reduce -26.6%
CSCO Cisco Systems Inc. 0.04% 9,116 $702K Add +4.1%
PEP Pepsico Inc. 0.04% 4,840 $695K Reduce -20.1%
SHW The Sherwin-Williams Co. 0.04% 2,053 $665K Reduce -4.0%
VTI VG Morningstar TS MKT ETF-US 0.04% 1,863 $625K Add +19.7%
KO The Coca-Cola Co. 0.04% 8,686 $607K Reduce -7.4%
ADP Automatic Data Processing 0.04% 2,264 $582K Reduce -1.4%
NEE Nextera Energy Inc. 0.03% 6,762 $543K Add +1.4%
TRMK Trustmark Corp. 0.03% 13,813 $538K Reduce -1.5%
DGX Quest Diagnostics Inc. 0.03% 3,070 $533K New
SCHD Schwab US DVD Equity ETF 0.03% 18,863 $517K Reduce -69.2%
LOW Lowe's Cos Inc. 0.03% 2,004 $483K Add +4.3%
ACWX iShares MSCI Acwi Ex US ETF 0.03% 7,038 $472K Reduce -21.6%
IWB iShares Russell 1000 ETF 0.03% 1,262 $471K Reduce -2.1%
CAT Caterpillar Inc. 0.03% 816 $468K Add +6.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.03% 10,742 $459K Reduce -16.6%
QCOM Qualcomm Inc. 0.03% 2,656 $454K Add +4.0%
MDT Medtronic PLC 0.03% 4,607 $443K Add +7.5%
PM Philip Morris International 0.03% 2,754 $442K Add +1.8%
VMC Vulcan Materials Co. 0.03% 1,474 $420K Add +1.0%
IJS iShares S&P Small-Cap 600 Va 0.03% 3,695 $420K No change
UNH Unitedhealth Group Inc. 0.03% 1,270 $419K Reduce -18.6%
MUB iShares National Muni Bond E 0.03% 3,787 $406K Reduce -28.8%
WMT Walmart Inc. 0.03% 3,616 $403K Reduce -9.3%
WM Waste Management Inc. 0.02% 1,783 $392K Add +3.7%
JEF Jefferies Financial Group Inc. 0.02% 6,316 $391K Reduce -2.1%
ROP Roper Technologies Inc. 0.02% 870 $387K Reduce -6.5%
IDXX Idexx Laboratories Inc. 0.02% 533 $361K Add +0.8%
VZ Verizon Communications Inc. 0.02% 8,829 $360K Add +1.1%
WEC WEC Energy Group Inc. 0.02% 3,367 $355K New
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 721 $352K No change
EW Edwards Lifesciences Corp. 0.02% 3,850 $328K No change
TMO Thermo Fisher Scientific Inc. 0.02% 554 $321K Add +1.8%
LMT Lockheed Martin Corp. 0.02% 651 $315K Reduce -33.2%
COF Capital One Financial Corp. 0.02% 1,292 $313K Add +12.6%
ROK Rockwell Automation Inc. 0.02% 753 $293K Add +0.4%
CWT California Water Service Grp 0.02% 6,667 $289K No change
TT Trane Technologies PLC 0.02% 734 $286K Reduce -1.6%
IEFA iShares Core MSCI Eafe ETF 0.02% 3,025 $271K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 2,375 $270K Reduce -14.6%
QUAL iShares MSCI USA Quality Fac 0.02% 1,295 $257K Add +1.4%
PLD Prologis Inc. 0.02% 1,918 $245K Add +0.3%
SHOP Shopify Inc. Class A 0.01% 1,452 $234K New
GEV GE Vernova Inc. 0.01% 356 $233K Reduce -0.3%
QXO Qxo Inc. 0.01% 11,988 $231K Add +4.7%
IVW iShares S&P 500 Growth ETF 0.01% 1,848 $228K Add +1.8%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.01% 466 $224K No change
VEA Vanguard Ftse Developed ETF 0.01% 3,578 $223K New
IWD iShares Russell 1000 Value E 0.01% 1,018 $214K New
PFE Pfizer Inc. 0.01% 8,547 $213K Reduce -25.6%
BBY Best Buy Co. Inc. 0.01% 3,130 $209K Reduce -1.4%
NSC Norfolk Southern Corp. 0.01% 709 $205K Reduce -1.4%
F Ford Motor Co. filed as FORD MTR CO 0.01% 14,978 $197K Add +8.1%

Portfolio Sells Q3 2025 → Q4 2025
NVDA Nvidia Corp. Reduce -12.2% 7.80% −1.47
MSFT Microsoft Corp. Reduce -0.5% 7.98% −0.98
META Meta Platforms Inc. Class A Reduce -0.3% 4.18% −0.68
COST Costco Wholesale Corp. Reduce -0.0% 3.50% −0.42
ABT Abbott Laboratories Reduce -0.5% 1.35% −0.16
ZTS Zoetis Inc. Reduce -0.2% 0.70% −0.15
JPM JPMorgan Chase & Co. Reduce -1.2% 3.77% −0.13
BRK.A Berkshire Hathaway Inc. Class A Reduce -66.7% 0.05% −0.10
AXP American Express Co. Reduce -9.9% 2.34% −0.09
SCHD Schwab US DVD Equity ETF Reduce -69.2% 0.03% −0.08
TCHP T Rowe Price Blue Chip Growt Reduce -46.9% 0.06% −0.05
ORCL Oracle Corp. Reduce -26.6% 0.05% −0.05
CME Cme Group Inc. Reduce -0.2% 1.11% −0.04
SBUX Starbucks Corp. Sold out 0.00% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -8.4% 0.17% −0.02
T AT&T Inc. Sold out 0.00% −0.01
AMT American Tower Corp. Sold out 0.00% −0.01
EFG iShares MSCI Eafe Growth ETF Sold out 0.00% −0.01
SCHZ Schwab US Aggregate Bond ETF Sold out 0.00% −0.01
CF CF Industries Holdings Inc. Sold out 0.00% −0.01
LIN Linde PLC Sold out 0.00% −0.01
PEP Pepsico Inc. Reduce -20.1% 0.04% −0.01
LMT Lockheed Martin Corp. Reduce -33.2% 0.02% −0.01
MUB iShares National Muni Bond E Reduce -28.8% 0.03% −0.01
PG The Procter & Gamble Co. Reduce -0.1% 0.08% −0.01
UNH Unitedhealth Group Inc. Reduce -18.6% 0.03% −0.01
ACWX iShares MSCI Acwi Ex US ETF Reduce -21.6% 0.03% −0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -16.6% 0.03% −0.01
ADP Automatic Data Processing Reduce -1.4% 0.04% −0.01
IJH iShares Core S&P Midcap ETF Reduce -2.3% 0.14% −0.01
IXUS iShares Core Intl Stock ETF Reduce -6.2% 0.08% −0.01
SHW The Sherwin-Williams Co. Reduce -4.0% 0.04% −0.01
ROP Roper Technologies Inc. Reduce -6.5% 0.02% −0.01
PFE Pfizer Inc. Reduce -25.6% 0.01% −0.01
MCD McDonald's Corp. Reduce -4.3% 0.06% −0.01
PNC PNC Financial Services Group Reduce -8.3% 0.05% −0.00
IVV iShares Core S&P 500 ETF Reduce -0.9% 0.15% −0.00
DIS The Walt Disney Co. Reduce -14.6% 0.02% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -3.3% 0.07% −0.00
ABBV Abbvie Inc. Reduce -0.8% 0.06% −0.00
TSLA Tesla Inc. Reduce -0.8% 0.09% −0.00
UNP Union Pacific Corp. Reduce -0.1% 0.05% −0.00
JEF Jefferies Financial Group Inc. Reduce -2.1% 0.02% −0.00
EFA iShares MSCI Eafe ETF Reduce -0.3% 0.15% −0.00
TT Trane Technologies PLC Reduce -1.6% 0.02% −0.00
BBY Best Buy Co. Inc. Reduce -1.4% 0.01% −0.00
KO The Coca-Cola Co. Reduce -7.4% 0.04% −0.00
TRMK Trustmark Corp. Reduce -1.5% 0.03% −0.00
DHR Danaher Corp. Reduce -12.2% 0.08% −0.00
WMT Walmart Inc. Reduce -9.3% 0.03% −0.00

Portfolio Buys Q3 2025 → Q4 2025
AVGO Broadcom Inc. Add +5189.9% 1.72% +1.69
LLY Eli Lilly & Co. Add +2.7% 3.26% +0.91
MSCI MSCI Inc. New 0.43% +0.43
AMAT Applied Materials Inc. Add +8.5% 1.60% +0.37
SPYM Ste STR SPDR PT S&P 500 ETF New 0.17% +0.17
JNJ Johnson & Johnson Add +0.4% 2.28% +0.16
AMZN Amazon.com Inc. Add +1.2% 5.94% +0.11
GLW Corning Inc. New 0.08% +0.08
SPGI S&P Global Inc. Add +0.3% 1.42% +0.04
TJX TJX Companies Inc. Add +0.1% 2.20% +0.04
GE General Electric Add +4.3% 1.67% +0.04
DGX Quest Diagnostics Inc. New 0.03% +0.03
WEC WEC Energy Group Inc. New 0.02% +0.02
IEFA iShares Core MSCI Eafe ETF New 0.02% +0.02
SHOP Shopify Inc. Class A New 0.01% +0.01
VEA Vanguard Ftse Developed ETF New 0.01% +0.01
IWD iShares Russell 1000 Value E New 0.01% +0.01
MRK Merck & Co. Inc. Add +4.0% 0.06% +0.01
VOO Vanguard S&P 500 ETF Add +12.8% 0.09% +0.01
V Visa Inc. Class A Add +23.0% 0.05% +0.01
XOM Exxon Mobil Corp. Add +4.3% 0.11% +0.01
VTI VG Morningstar TS MKT ETF-US Add +19.7% 0.04% +0.01
CAT Caterpillar Inc. Add +6.7% 0.03% +0.01
CSCO Cisco Systems Inc. Add +4.1% 0.04% +0.00
COF Capital One Financial Corp. Add +12.6% 0.02% +0.00
TMO Thermo Fisher Scientific Inc. Add +1.8% 0.02% +0.00
F Ford Motor Co. Add +8.1% 0.01% +0.00
ROK Rockwell Automation Inc. Add +0.4% 0.02% +0.00
NEE Nextera Energy Inc. Add +1.4% 0.03% +0.00
MDT Medtronic PLC Add +7.5% 0.03% +0.00
PLD Prologis Inc. Add +0.3% 0.02% +0.00
QCOM Qualcomm Inc. Add +4.0% 0.03% +0.00
IDXX Idexx Laboratories Inc. Add +0.8% 0.02% +0.00
QXO Qxo Inc. Add +4.7% 0.01% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +1.9% 0.19% 0.00
IVW iShares S&P 500 Growth ETF Add +1.8% 0.01% −0.00
QUAL iShares MSCI USA Quality Fac Add +1.4% 0.02% −0.00
WM Waste Management Inc. Add +3.7% 0.02% −0.00
JPST JPMorgan Ultra-Short Income Add +4.3% 0.11% −0.00
PM Philip Morris International Add +1.8% 0.03% −0.00
LOW Lowe's Cos Inc. Add +4.3% 0.03% −0.00
IJR iShares Core S&P Small-Cap E Add +3.1% 2.92% −0.00
VZ Verizon Communications Inc. Add +1.1% 0.02% −0.00
VMC Vulcan Materials Co. Add +1.0% 0.03% −0.00
FBND Fidelity Total Bond ETF Add +1.9% 0.31% −0.01
CL Colgate-Palmolive Co. Add +2.6% 0.89% −0.03
ECL Ecolab Inc. Add +0.4% 0.79% −0.07
CVX Chevron Corp. Add +1.5% 1.71% −0.08
CMG Chipotle Mexican Grill Inc. Add +1.0% 0.86% −0.08
MA Mastercard Inc. Class A Add +0.7% 2.97% −0.10

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