Maple Capital Management Portfolio holdings
Maple Capital Management is an investment manager formed in Vermont in 2004 and led by its president and majority owner, Ramsey Luhr. Luhr has been its president since 2004, after working as a portfolio manager at NL Capital Management, and an employee ownership program lets key staff take a stake. Client portfolios are built mainly from individual stocks, bonds, mutual funds and ETFs, with stocks chosen for high quality and reasonable valuations that the firm expects to pay off over a full business cycle. Bonds are there to earn income and preserve capital. Its clients range from families and trusts to pension plans, foundations, endowments and insurance companies, and it offers stock-only, balanced, bond-only and cash management accounts.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chipotle Mexican Grill
CMG
|
+$4.34M |
| 2 |
CF Industries
CF
|
+$3.12M |
| 3 |
Dollar Tree
DLTR
|
+$2.48M |
| 4 |
Verizon
VZ
|
+$811K |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$572K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Bond ETF
BSV
|
+$726K |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$685K |
| 3 |
Johnson & Johnson
JNJ
|
+$669K |
| 4 |
BCE
BCE
|
+$517K |
| 5 |
KeyCorp
KEY
|
+$395K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.43% |
| 2 | Technology | 12.47% |
| 3 | Financials | 12.24% |
| 4 | Consumer Staples | 9.89% |
| 5 | Energy | 9.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Johnson & Johnson
JNJ
$686B
| $10.8M | 3.95% |
88,986
-5,884
| -6% | -$669K |
2013 Q2
12 quarters
|
|
2
iShares Russell 2000 Value ETF
IWN
$14B
| $10M | 3.65% |
102,568
-2,361
| -2% | -$225K |
2013 Q2
12 quarters
|
|
3
Microsoft
MSFT
$3.88T
| $9.03M | 3.3% |
176,413
-5,302
| -3% | -$276K |
2013 Q2
12 quarters
|
|
4
GE Aerospace
GE
$347B
| $8.84M | 3.23% |
58,564
-1,865
| -3% | -$272K |
2013 Q2
12 quarters
|
|
|
5
Alphabet (Google) Class C
GOOG
$3.64T
| $7.93M | 2.9% |
229,040
+15,920
| +7% | +$572K |
2014 Q4
6 quarters
|
|
6
Costco
COST
$484B
| $7.86M | 2.87% |
50,017
-135
| -0.3% | -$20.4K |
2013 Q2
12 quarters
|
|
7
TJX Companies
TJX
$149B
| $7.52M | 2.75% |
194,752
-9,900
| -5% | -$378K |
2013 Q2
12 quarters
|
|
8
CVS Health
CVS
$115B
| $7.45M | 2.72% |
77,808
+709
| +0.9% | +$70.7K |
2013 Q4
10 quarters
|
|
9
PepsiCo
PEP
$195B
| $7.22M | 2.64% |
68,149
-1,627
| -2% | -$168K |
2013 Q2
12 quarters
|
|
10
Eli Lilly
LLY
$1.28T
| $6.74M | 2.46% |
85,536
-116
| -0.1% | -$8.73K |
2015 Q3
3 quarters
|
|
11
ExxonMobil
XOM
$695B
| $6.4M | 2.34% |
68,253
+326
| +0.5% | +$28.8K |
2013 Q2
12 quarters
|
|
12
Check Point Software Technologies
CHKP
$15.1B
| $6.38M | 2.33% |
80,015
+530
| +0.7% | +$44.4K |
2013 Q4
10 quarters
|
|
13
Apple
AAPL
$5.17T
| $6.28M | 2.3% |
262,656
-4,408
| -2% | -$110K |
2013 Q2
12 quarters
|
|
14
PNC Financial Services
PNC
$91.9B
| $6.24M | 2.28% |
76,644
+5,460
| +8% | +$469K |
2013 Q2
12 quarters
|
|
15
Roper Technologies
ROP
$47.4B
| $5.96M | 2.18% |
34,945
+410
| +1% | +$71.7K |
2014 Q4
6 quarters
|
|
16
Abbott
ABT
$186B
| $5.87M | 2.15% |
149,416
+13,426
| +10% | +$534K |
2013 Q2
12 quarters
|
|
|
17
Dollar Tree
DLTR
$26.5B
| $5.72M | 2.09% |
60,640
+29,375
| +94% | +$2.48M |
2016 Q1
1 quarter
|
|
18
Chevron
CVX
$425B
| $5.57M | 2.04% |
53,168
-2,520
| -5% | -$253K |
2013 Q2
12 quarters
|
|
19
RTX Corp
RTX
$270B
| $5.54M | 2.03% |
85,827
-2,407
| -3% | -$154K |
2013 Q2
12 quarters
|
|
|
AFSI
20
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $5.53M | 2.02% |
225,832
-7,300
| -3% | -$186K |
2014 Q1
9 quarters
|
|
|
AGN
21
DELISTED
Allergan plc
AGN
| $5.26M | 1.93% |
22,782
+982
| +5% | +$226K |
2013 Q4
10 quarters
|
|
22
PPL Corp
PPL
$26.5B
| $5.25M | 1.92% |
139,062
-536
| -0.4% | -$20.4K |
2013 Q2
12 quarters
|
|
|
23
Verizon
VZ
$193B
| $5.25M | 1.92% |
93,984
+15,630
| +20% | +$811K |
2013 Q2
12 quarters
|
|
24
Air Products & Chemicals
APD
$70.5B
| $4.92M | 1.8% |
37,457
-1,701
| -4% | -$227K |
2013 Q3
11 quarters
|
|
25
Deere & Co
DE
$185B
| $4.87M | 1.78% |
60,074
+1,455
| +2% | +$119K |
2015 Q3
3 quarters
|
|
Similar funds
Maple Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Maple Capital Management held 127 positions worth $273M, up 0.75% from $271M the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Maple Capital Management's Q2 2016 filing shows 7 new, 30 increased, 57 reduced and 14 closed positions. Its largest new stake was Chipotle Mexican Grill: 499,000 shares worth $4.02M. The largest sale was Vanguard Short-Term Bond ETF, an estimated $726K.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, down from 18% a quarter earlier, followed by Technology and Financials.
- Maple Capital Management's largest Q2 2016 buy was Chipotle Mexican Grill: 499,000 shares worth $4.02M.
- Maple Capital Management added most to Dollar Tree in Q2 2016, an estimated $2.48M increase.
- Maple Capital Management's biggest Q2 2016 reduction was Johnson & Johnson, cutting an estimated $669K.
- Maple Capital Management fully exited Vanguard Short-Term Bond ETF in Q2 2016, selling an estimated $726K.
- Maple Capital Management's ten largest holdings make up 30% of its $273M portfolio in Q2 2016.
- Maple Capital Management opened 7 new positions and closed 14 in Q2 2016.
- Maple Capital Management's portfolio value rose 0.75% quarter-over-quarter to $273M.
Based on Maple Capital Management's 13F filing for Q2 2016, filed 12 Aug 2016.