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Black Maple Capital Management LP

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13F filer, CIK 1588959, MILWAUKEE, WI

Black Maple Capital Management LP reported $206,368,465 across 93 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 59.85% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-25-016615

Period
2025-09-30
Reported value
$206M
Holdings
93
Top 10 weight
59.85%
New
29
Sold out
33

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PNFPnew+79,637$7.47M
USBadded+124,450$6.01M
ARadded+162,028$5.44M
EQTnew+89,343$4.86M
89BIO INCnew+321,616$4.73M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
IEIexited-87,000-$10.4M
BANCreduced-358,627-$5.94M
DALexited-114,580-$5.64M
IEFreduced-50,850-$4.9M
ZIONexited-61,532-$3.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001214659-25-016615, largest first. % of portfolio is the value over $138,006,218, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,295 shares; 2024Q4: 33,295 shares; 2025Q1: 40,752 shares; 2025Q2: 43,752 shares; 2025Q3: 42,283 shares 42,283$28.2M20.41%-1,469Timeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 184,638 shares; 2025Q3: 346,666 shares 346,666$11.6M8.43%+162,028Timeline
PNFPPINNACLE FINANCIAL PARTNERSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 79,637 shares 79,637$7.47M5.41%newTimeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,000 shares; 2024Q4: 33,000 shares; 2025Q1: 30,100 shares; 2025Q2: 23,600 shares; 2025Q3: 36,050 shares 36,050$6.84M4.96%+12,450Timeline
USBUS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 77,500 shares; 2025Q2: 7,000 shares; 2025Q3: 131,450 shares 131,450$6.35M4.6%+124,450Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 156,515 shares; 2024Q4: 51,716 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 89,343 shares 89,343$4.86M3.52%newTimeline
89BIO INC89BIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 321,616 shares 321,616$4.73M3.43%new
WALWESTERN ALLIANCE BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,500 shares; 2024Q4: 110,000 shares; 2025Q1: 79,100 shares; 2025Q2: 69,192 shares; 2025Q3: 54,492 shares 54,492$4.73M3.42%-14,700Timeline
MBINMERCHANTS BANCORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 17,557 shares; 2025Q1: 79,481 shares; 2025Q2: 101,100 shares; 2025Q3: 129,097 shares 129,097$4.11M2.97%+27,997Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 34,941 shares 34,941$3.71M2.69%newTimeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,500 shares; 2025Q3: 35,000 shares 35,000$3.43M2.48%+31,500Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,700 shares; 2024Q4: not reported; 2025Q1: 1,770 shares; 2025Q2: 4,370 shares; 2025Q3: 4,370 shares 4,370$3.21M2.33%0Timeline
EWJISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,509 shares; 2024Q4: 40,509 shares; 2025Q1: 40,509 shares; 2025Q2: 39,159 shares; 2025Q3: 39,159 shares 39,159$3.14M2.28%0Timeline
COLBCOLUMBIA BKG SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 63,060 shares; 2024Q4: 40,560 shares; 2025Q1: not reported; 2025Q2: 139,873 shares; 2025Q3: 110,760 shares 110,760$2.85M2.07%-29,113Timeline
EWUISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,210 shares; 2024Q4: 45,210 shares; 2025Q1: 45,210 shares; 2025Q2: 61,210 shares; 2025Q3: 51,210 shares 51,210$2.15M1.56%-10,000Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: 9,500 shares; 2025Q1: 17,750 shares; 2025Q2: 11,700 shares; 2025Q3: 12,700 shares 12,700$2.12M1.54%+1,000Timeline
FEZSPDR INDEX SHS FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,800 shares; 2024Q4: 31,800 shares; 2025Q1: 31,800 shares; 2025Q2: 31,800 shares; 2025Q3: 31,800 shares 31,800$1.98M1.43%0Timeline
KCCAKRANESHARES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 78,313 shares; 2025Q3: 105,517 shares 105,517$1.8M1.31%+27,204Timeline
LIENCHICAGO ATLANTIC BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 183,668 shares; 2025Q3: 156,596 shares 156,596$1.64M1.19%-27,072Timeline
BANCBANC OF CALIFORNIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 533,190 shares; 2024Q4: 501,074 shares; 2025Q1: 412,353 shares; 2025Q2: 454,896 shares; 2025Q3: 96,269 shares 96,269$1.59M1.15%-358,627Timeline
LNSRLENSAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 62,135 shares; 2025Q2: 108,540 shares; 2025Q3: 117,340 shares 117,340$1.45M1.05%+8,800Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 199,124 shares; 2024Q4: 210,180 shares; 2025Q1: 186,958 shares; 2025Q2: 258,057 shares; 2025Q3: 120,462 shares 120,462$1.44M1.04%-137,595Timeline
XLCSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,970 shares; 2024Q4: 10,970 shares; 2025Q1: 10,970 shares; 2025Q2: 10,970 shares; 2025Q3: 10,970 shares 10,970$1.3M0.94%0Timeline
INDAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,000 shares; 2024Q4: 22,000 shares; 2025Q1: 22,000 shares; 2025Q2: 15,000 shares; 2025Q3: 23,000 shares 23,000$1.2M0.87%+8,000Timeline
NECBNORTHEAST CMNTY BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 15,812 shares; 2025Q1: 59,182 shares; 2025Q2: 65,747 shares; 2025Q3: 55,147 shares 55,147$1.13M0.82%-10,600Timeline
SNVSYNOVUS FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 52,526 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 22,800 shares 22,800$1.12M0.81%newTimeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,500 shares; 2024Q4: 17,500 shares; 2025Q1: 12,000 shares; 2025Q2: 10,000 shares; 2025Q3: 32,000 shares 32,000$1.07M0.78%+22,000Timeline
CMACOMERICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 51,654 shares; 2025Q1: 35,354 shares; 2025Q2: 56,675 shares; 2025Q3: 14,800 shares 14,800$1.01M0.73%-41,875Timeline
EIDOISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,604 shares; 2024Q4: 64,604 shares; 2025Q1: 79,604 shares; 2025Q2: 52,104 shares; 2025Q3: 57,104 shares 57,104$1M0.73%+5,000Timeline
XMESPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,000 shares; 2024Q4: 21,000 shares; 2025Q1: 21,000 shares; 2025Q2: 10,500 shares; 2025Q3: 10,500 shares 10,500$978K0.71%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,000 shares; 2025Q2: 4,000 shares; 2025Q3: 4,000 shares 4,000$974K0.71%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,000 shares; 2025Q2: 4,000 shares; 2025Q3: 4,000 shares 4,000$972K0.7%0Timeline
IEFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 22,500 shares; 2025Q1: 60,850 shares; 2025Q2: 60,850 shares; 2025Q3: 10,000 shares 10,000$965K0.7%-50,850Timeline
FNWDFINWARD BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,580 shares; 2024Q4: 44,554 shares; 2025Q1: 30,000 shares; 2025Q2: 30,000 shares; 2025Q3: 30,000 shares 30,000$963K0.7%0Timeline
HBANHUNTINGTON BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,639 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 53,300 shares 53,300$920K0.67%newTimeline
DDIDOUBLEDOWN INTERACTIVE CO LTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 50,000 shares; 2025Q3: 98,444 shares 98,444$919K0.67%+48,444Timeline
OSBCOLD SECOND BANCORP INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,436 shares; 2024Q4: 40,000 shares; 2025Q1: 42,500 shares; 2025Q2: 47,500 shares; 2025Q3: 52,500 shares 52,500$907K0.66%+5,000Timeline
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,250 shares; 2025Q2: 13,350 shares; 2025Q3: 10,600 shares 10,600$891K0.65%-2,750Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,000 shares; 2024Q4: 71,200 shares; 2025Q1: 91,200 shares; 2025Q2: 91,200 shares; 2025Q3: 86,200 shares 86,200$771K0.56%-5,000Timeline
NVONOVO-NORDISK A SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 11,999 shares 11,999$666K0.48%newTimeline
XLKSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,260 shares; 2024Q4: 2,260 shares; 2025Q1: 2,260 shares; 2025Q2: 2,260 shares; 2025Q3: 2,260 shares 2,260$637K0.46%0Timeline
MDYSTATE STR SPDR S&P MIDCAP 40Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,000 shares; 2025Q1: 3,000 shares; 2025Q2: 3,000 shares; 2025Q3: 1,000 shares 1,000$596K0.43%-2,000Timeline
LYFTLYFT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 36,000 shares; 2025Q3: 26,039 shares 26,039$573K0.42%-9,961Timeline
KRESPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,000 shares; 2024Q4: 12,500 shares; 2025Q1: 12,500 shares; 2025Q2: 10,500 shares; 2025Q3: 8,500 shares 8,500$538K0.39%-2,000Timeline
SYFSYNCHRONY FINANCIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,000 shares; 2024Q4: not reported; 2025Q1: 59,600 shares; 2025Q2: not reported; 2025Q3: 7,500 shares 7,500$533K0.39%newTimeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,000 shares; 2024Q4: 20,000 shares; 2025Q1: 20,000 shares; 2025Q2: 19,000 shares; 2025Q3: 12,000 shares 12,000$471K0.34%-7,000Timeline
ADBEADOBE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 350 shares; 2024Q4: 800 shares; 2025Q1: 600 shares; 2025Q2: 1,050 shares; 2025Q3: 1,300 shares 1,300$459K0.33%+250Timeline
IBTHISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,500 shares; 2025Q3: 20,000 shares 20,000$450K0.33%+7,500Timeline
IBTIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares; 2025Q3: 20,000 shares 20,000$448K0.32%+10,000Timeline
DHCDIVERSIFIED HEALTHCARE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 104,603 shares; 2024Q4: 155,403 shares; 2025Q1: 180,403 shares; 2025Q2: 188,823 shares; 2025Q3: 98,300 shares 98,300$434K0.31%-90,523Timeline
DELLDELL TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,000 shares 3,000$425K0.31%newTimeline
EWPISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,000 shares; 2024Q4: 20,000 shares; 2025Q1: 20,000 shares; 2025Q2: 14,000 shares; 2025Q3: 8,000 shares 8,000$396K0.29%-6,000Timeline
PEBOPEOPLES BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,809 shares; 2024Q4: 77,502 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 12,793 shares 12,793$384K0.28%newTimeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,500 shares; 2024Q4: 7,500 shares; 2025Q1: 7,500 shares; 2025Q2: 7,700 shares; 2025Q3: 7,700 shares 7,700$338K0.24%0Timeline
CZWICITIZENS CMNTY BANCORP INC MQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,628 shares; 2024Q4: 28,628 shares; 2025Q1: 28,628 shares; 2025Q2: 28,628 shares; 2025Q3: 20,377 shares 20,377$327K0.24%-8,251Timeline
FVCBFVCBANKCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 23,971 shares; 2025Q3: 23,971 shares 23,971$311K0.23%0Timeline
IGSBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,000 shares; 2024Q4: 5,000 shares; 2025Q1: 5,000 shares; 2025Q2: 5,000 shares; 2025Q3: 5,000 shares 5,000$265K0.19%0Timeline
MSOSADVISORSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 40,000 shares; 2025Q1: 40,000 shares; 2025Q2: 45,000 shares; 2025Q3: 55,000 shares 55,000$263K0.19%+10,000Timeline
BUSEFIRST BUSEY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,859 shares; 2025Q3: 10,859 shares 10,859$251K0.18%-5,000Timeline
ALRSALERUS FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,541 shares; 2024Q4: 11,628 shares; 2025Q1: 12,835 shares; 2025Q2: 14,972 shares; 2025Q3: 10,952 shares 10,952$242K0.18%-4,020Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,000 shares 1,000$237K0.17%newTimeline
CWBCCOMMUNITY WEST BANCSHARES NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,594 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,415 shares; 2025Q3: 10,805 shares 10,805$225K0.16%-2,610Timeline
IBTJISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$220K0.16%newTimeline
SITCSITE CTRS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 24,000 shares 24,000$216K0.16%newTimeline
OZKBANK OZK LITTLE ROCK ARKQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,755 shares; 2024Q4: 144,396 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,000 shares 4,000$204K0.15%newTimeline
CARECARTER BANKSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,576 shares; 2024Q4: not reported; 2025Q1: 17,126 shares; 2025Q2: 17,126 shares; 2025Q3: 10,000 shares 10,000$194K0.14%-7,126Timeline
XLESELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,260 shares; 2024Q4: 6,000 shares; 2025Q1: 5,500 shares; 2025Q2: 3,000 shares; 2025Q3: 2,000 shares 2,000$179K0.13%-1,000Timeline
FFWMFIRST FNDTN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 33,431 shares; 2025Q2: 33,431 shares; 2025Q3: 30,431 shares 30,431$170K0.12%-3,000Timeline
STHOSTAR HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 19,766 shares 19,766$163K0.12%newTimeline
BTBTBIT DIGITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 170,000 shares; 2025Q3: 50,000 shares 50,000$150K0.11%-120,000Timeline
ASCARDMORE SHIPPING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,000 shares; 2025Q1: 10,000 shares; 2025Q2: 10,000 shares; 2025Q3: 10,000 shares 10,000$119K0.09%0Timeline
SNFCASECURITY NATL FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 12,837 shares 12,837$111K0.08%newTimeline
LARLITHIUM ARGENTINA AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 30,191 shares; 2025Q2: 30,191 shares; 2025Q3: 30,191 shares 30,191$101K0.07%0Timeline
SGMLSIGMA LITHIUM CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,286 shares; 2024Q4: 14,286 shares; 2025Q1: 14,286 shares; 2025Q2: 14,286 shares; 2025Q3: 14,286 shares 14,286$91.6K0.07%0Timeline
BITFBITFARMS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,000 shares; 2024Q4: 40,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 30,000 shares 30,000$84.6K0.06%-10,000Timeline
SGRPSPAR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 11,915 shares; 2025Q1: 27,466 shares; 2025Q2: 27,466 shares; 2025Q3: 27,466 shares 27,466$28.3K0.02%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput84,500$56.3M-37,000
GLDSPDR GOLD TR GOLD SHSput10,000$3.55Mnew
LYFTLYFT INC CL A COMput128,500$2.83Mnew
GDXVANECK ETF TRUST GOLD MINERS ETFput12,200$932Knew
INTCINTEL CORP COMput27,000$906Knew
EWUISHARES TR MSCI UK ETF NEWcall20,400$856K+400
NVONOVO-NORDISK A S ADRput10,000$555Knew
INDAISHARES TR MSCI INDIA ETFcall10,000$521Knew
MUMICRON TECHNOLOGY INC COMput3,100$519Knew
ODVOSISKO DEVELOPMENT CORP COM NEWput112,700$382Knew
GDXJVANECK ETF TRUST JUNIOR GOLD MINEput2,500$248Knew
XLESELECT SECTOR SPDR TR SHSput2,000$179Knew
BANCBANC OF CALIFORNIA INC COMMON STOCKcall10,000$166Knew
BTBTBIT DIGITAL INC COMMON STOCKput40,000$120Knew
DHCDIVERSIFIED HEALTHCARE TR COM SH BEN INTcall25,300$112K0
MRVLMARVELL TECHNOLOGY INC COMcall1,300$109Knew
MRVLMARVELL TECHNOLOGY INC COMput1,000$84.1K-1,500

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IEIISHARES TR87,000$10.4Mshares
DALDELTA AIR LINES INC114,580$5.64Mshares
ZIONZIONS BANCORPORATION NATL AS61,532$3.2Mshares
BANKFINANCIAL CORPBANKFINANCIAL CORP219,339$2.54Mshares
RRCRANGE RES CORP49,910$2.03Mshares
VIGIL NEUROSCIENCE INCVIGIL NEUROSCIENCE INC215,992$1.72Mshares
RFREGIONS FINANCIAL CORP NEW70,605$1.66Mshares
KEYKEYCORP85,378$1.49Mshares
FITBFIFTH THIRD BANCORP32,403$1.33Mshares
PPTAPERPETUA RESOURCES CORP85,000$1.03Mshares
CVECENOVUS ENERGY INC63,000$857Kshares
GDXVANECK ETF TRUST15,000$781Kshares
KRESPDR SERIES TRUST10,000$594Kput
ASMLASML HLDG NV700$561Kshares
FOOT LOCKER INCFOOT LOCKER INC20,000$490Kshares
HBNCHORIZON BANCORP IND30,598$471Kshares
BHBBAR HBR BANKSHARES12,755$382Kshares
SIMOSILICON MOTION TECHNOLOGY CO5,045$379Kshares
SIMOSILICON MOTION TECHNOLOGY CO5,000$376Kput
CMACOMERICA INC6,000$358Kcall
ISTRINVESTAR HOLDING CORP15,965$308Kshares
BRBSBLUE RIDGE BANKSHARES INC VA85,671$308Kshares
LEUCENTRUS ENERGY CORP1,500$275Kcall
TSMTAIWAN SEMICONDUCTOR MANUFAC1,210$274Kshares
SHBISHORE BANCSHARES INC15,100$237Kshares
CCJCAMECO CORP3,000$223Kshares
TECKTECK RESOURCES LTD5,000$202Kcall
PROVPROVIDENT FINL HLDGS INC12,182$189Kshares
EOSEEOS ENERGY ENTERPRISES INC30,000$154Kcall
ODVOSISKO DEVELOPMENT CORP29,600$63.3Kshares
EOSEEOS ENERGY ENTERPRISES INC10,000$51.2Kshares
DALDELTA AIR LINES INC1,000$49.2Kput
EOS ENERGY ENTERPRISES, INCEOS ENERGY ENTERPRISES, INC25,327$11.9Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001214659-25-016615 base2025-11-14acceptance time not in the bulk data set