Black Maple Capital Management LP

Portfolio Overview

Black Maple Capital Management LP reported a significant contraction in portfolio value for the quarter ended September 30, 2025, with total assets under management (AUM) decreasing by 26.1%, falling from $222.71 million to $164.57 million. This reduction is attributable to a combination of asset sales and market depreciation. The firm manages a concentrated portfolio of 57 holdings, but the composition reveals a strong reliance on passive instruments for core exposure.

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