# Sugar Maple Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2012673. Source: https://holderbook.com/funds/2012673-sugar-maple-asset-management-llc/

- Reported value: $155.1M
- Positions: 81
- Weight of the ten largest: 55.1%
- Filed: 2026-07-28

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $14.2M | 56,269 | 9.1% | 10 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $13.2M | 260,362 | 8.5% | 10 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $12.5M | 33,865 | 8.0% | 10 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $11.0M | 14,720 | 7.1% | 10 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $9.1M | 88,680 | 5.8% | 7 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $6.1M | 67,187 | 3.9% | 10 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $6.1M | 113,239 | 3.9% | 8 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $5.9M | 71,729 | 3.8% | 10 |
| VANECK ETF TRUST | [CLOI](https://holderbook.com/stocks/CLOI/) | $4.1M | 77,902 | 2.7% | 8 |
| FIDELITY COVINGTON TRUST | [FDRR](https://holderbook.com/stocks/FDRR/) | $3.4M | 51,720 | 2.2% | 10 |
| BNY MELLON ETF TRUST II | [BKDV](https://holderbook.com/stocks/BKDV/) | $3.1M | 93,788 | 2.0% | 3 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $3.1M | 32,549 | 2.0% | 10 |
| ISHARES TR | [SLQD](https://holderbook.com/stocks/SLQD/) | $3.1M | 62,128 | 2.0% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.0M | 4,053 | 2.0% | 10 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.0M | 12,703 | 1.9% | 10 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.9M | 8,558 | 1.9% | 10 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $2.8M | 18,606 | 1.8% | 10 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $2.5M | 55,170 | 1.6% | 3 |
| NICOLET BANKSHARES INC | [NIC](https://holderbook.com/stocks/NIC/) | $2.4M | 14,457 | 1.5% | 10 |
| HARRIS OAKMARK ETF TRUST | [OAKM](https://holderbook.com/stocks/OAKM/) | $2.2M | 77,466 | 1.4% | 6 |
| FIDELITY COVINGTON TRUST | [FELG](https://holderbook.com/stocks/FELG/) | $1.7M | 38,891 | 1.1% | 2 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $1.5M | 20,183 | 1.0% | 5 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.5M | 15,540 | 1.0% | 2 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.5M | 9,270 | 1.0% | 10 |
| T ROWE PRICE EXCHANGE-TRADED | [TCAF](https://holderbook.com/stocks/TCAF/) | $1.5M | 35,994 | 1.0% | 6 |
| INNOVATOR ETFS TRUST | [ZALT](https://holderbook.com/stocks/ZALT/) | $1.5M | 43,545 | 1.0% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JAVA](https://holderbook.com/stocks/JAVA/) | $1.4M | 18,176 | 0.9% | 10 |
| BARCLAYS BANK PLC | [VXX](https://holderbook.com/stocks/VXX/) | $1.4M | 63,700 | 0.9% | 7 |
| PROSHARES TR | [DOG](https://holderbook.com/stocks/DOG/) | $1.4M | 63,000 | 0.9% | 3 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $1.2M | 12,395 | 0.8% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.2M | 5,975 | 0.8% | 10 |
| FIDELITY COVINGTON TRUST | [FBCG](https://holderbook.com/stocks/FBCG/) | $1.2M | 18,618 | 0.7% | 3 |
| CALAMOS ETF TR | [CPSM](https://holderbook.com/stocks/CPSM/) | $1.1M | 39,000 | 0.7% | 9 |
| EA SERIES TRUST | [FRDM](https://holderbook.com/stocks/FRDM/) | $1.1M | 14,894 | 0.7% | 2 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $1.1M | 3,665 | 0.7% | 10 |
| INNOVATOR ETFS TRUST | [POCT](https://holderbook.com/stocks/POCT/) | $997.0K | 21,482 | 0.6% | 10 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $981.4K | 9,593 | 0.6% | 2 |
| FIDELITY MERRIMACK STR TR | [FCOR](https://holderbook.com/stocks/FCOR/) | $800.0K | 16,968 | 0.5% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $774.4K | 3,249 | 0.5% | 10 |
| INNOVATOR ETFS TRUST | [QBUF](https://holderbook.com/stocks/QBUF/) | $736.6K | 23,943 | 0.5% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $716.9K | 2,029 | 0.5% | 9 |
| TEMPUS AI INC | [TEM](https://holderbook.com/stocks/TEM/) | $709.6K | 12,250 | 0.5% | 5 |
| PROSHARES TR | [SH](https://holderbook.com/stocks/SH/) | $704.5K | 21,337 | 0.5% | 2 |
| THE ALGER ETF TRUST | [CNEQ](https://holderbook.com/stocks/CNEQ/) | $696.2K | 16,869 | 0.4% | 1 |
| INNOVATOR ETFS TRUST | [RBUF](https://holderbook.com/stocks/RBUF/) | $647.1K | 20,822 | 0.4% | 7 |
| BONDBLOXX ETF TRUST | [XHLF](https://holderbook.com/stocks/XHLF/) | $630.3K | 12,531 | 0.4% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $605.6K | 2,093 | 0.4% | 10 |
| IOVANCE BIOTHERAPEUTICS INC | [IOVA](https://holderbook.com/stocks/IOVA/) | $561.6K | 135,000 | 0.4% | 3 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $560.9K | 5,572 | 0.4% | 7 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $536.5K | 2,685 | 0.3% | 2 |
| INNOVATOR ETFS TRUST | [PAUG](https://holderbook.com/stocks/PAUG/) | $512.7K | 11,233 | 0.3% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $485.1K | 1,301 | 0.3% | 10 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $478.4K | 2,800 | 0.3% | 1 |
| INNOVATOR ETFS TRUST | [BALT](https://holderbook.com/stocks/BALT/) | $462.6K | 13,500 | 0.3% | 4 |
| PGIM ROCK ETF TR | [AUGP](https://holderbook.com/stocks/AUGP/) | $446.4K | 13,500 | 0.3% | 4 |
| RUBRIK INC. | [RBRK](https://holderbook.com/stocks/RBRK/) | $441.5K | 5,500 | 0.3% | 2 |
| VANGUARD MUN BD FDS | [VSDM](https://holderbook.com/stocks/VSDM/) | $411.3K | 5,367 | 0.3% | 3 |
| CAPITAL GRP FIXED INCM ETF T | [CGSM](https://holderbook.com/stocks/CGSM/) | $403.4K | 15,291 | 0.3% | 2 |
| TRANSMEDICS GROUP INC | [TMDX](https://holderbook.com/stocks/TMDX/) | $398.5K | 6,000 | 0.3% | 6 |
| SNAP INC | [SNAP](https://holderbook.com/stocks/SNAP/) | $389.4K | 87,700 | 0.3% | 2 |
| INNOVATOR ETFS TRUST | [IBUF](https://holderbook.com/stocks/IBUF/) | $381.5K | 12,120 | 0.2% | 5 |
| INNOVATOR ETFS TRUST | [PMAR](https://holderbook.com/stocks/PMAR/) | $381.3K | 7,982 | 0.2% | 10 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $380.9K | 3,470 | 0.2% | 10 |
| BONDBLOXX ETF TRUST | [XONE](https://holderbook.com/stocks/XONE/) | $380.7K | 7,711 | 0.2% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $371.9K | 1,005 | 0.2% | 10 |
| TALKSPACE INC | [TALK](https://holderbook.com/stocks/TALK/) | $364.0K | 70,000 | 0.2% | 8 |
| EA SERIES TRUST | [LENS](https://holderbook.com/stocks/LENS/) | $349.1K | 9,000 | 0.2% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $348.2K | 175 | 0.2% | 2 |
| AQUESTIVE THERAPEUTICS INC | [AQST](https://holderbook.com/stocks/AQST/) | $345.5K | 83,060 | 0.2% | 6 |
| VANECK ETF TRUST | [FLTR](https://holderbook.com/stocks/FLTR/) | $321.9K | 12,570 | 0.2% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $294.6K | 400 | 0.2% | 5 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $269.6K | 2,443 | 0.2% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $249.1K | 697 | 0.2% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $247.8K | 1,996 | 0.2% | 5 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $241.5K | 500 | 0.2% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $229.6K | 1,566 | 0.1% | 10 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $214.2K | 750 | 0.1% | 4 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $205.2K | 1,270 | 0.1% | 5 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $201.2K | 2,290 | 0.1% | 1 |
| ADMA BIOLOGICS INC | [ADMA](https://holderbook.com/stocks/ADMA/) | $129.7K | 15,500 | 0.1% | 1 |
| UNDER ARMOUR INC | [UA](https://holderbook.com/stocks/UA/) | $65.3K | 10,500 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +2.8% | +14.8% | -12.0% | 100% |
| Q1 2026 | -1.2% | -4.6% | +3.4% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 100% |
| Q3 2025 | +7.3% | +7.8% | -0.6% | 100% |
| Q2 2025 | +3.5% | +10.5% | -6.9% | 100% |
| Q1 2025 | +2.6% | -4.6% | +7.1% | 100% |
| Q4 2024 | -1.0% | +2.1% | -3.1% | 99% |
| Q3 2024 | +6.4% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $155.1M | 81 |
| Q1 2026 | $164.8M | 84 |
| Q4 2025 | $148.7M | 84 |
| Q3 2025 | $139.8M | 80 |
| Q2 2025 | $128.3M | 76 |
| Q1 2025 | $127.0M | 66 |
| Q4 2024 | $131.4M | 474 |
| Q3 2024 | $115.1M | 63 |
| Q2 2024 | $103.4M | 57 |
| Q1 2024 | $103.7M | 51 |