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Institutional Investment Manager
Maple Capital Management, Inc.
Maple Capital Management, Inc. (CIK: 0001313893) incorporated in Vermont, located at 535 Stone Cutter'S Way, Montpelier, VT. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q2)
Portfolio Summary: 123 holdings with a total value of $274,785,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 Kinder Morgan Inc. 18,405 1,513,000 0.55%
52 SUN CMNTYS INC 29,585 1,475,000 0.54%
53 ANNALY CAP MGMT INC 128,724 1,471,000 0.54%
54 INTERNATIONAL BUSINESS MACHS 7,803 1,414,000 0.51%
55 HALLIBURTON CO 18,821 1,336,000 0.49%
56 SUSQUEHANNA BANCSHARES INC 125,552 1,326,000 0.48%
57 Pardee Resources Company, Inc. 4,750 1,325,000 0.48%
58 TERRA NITROGEN CO L P 8,680 1,253,000 0.46%
59 BANK AMER CORP 75,800 1,165,000 0.42%
60 MERCK & CO INC 19,055 1,102,000 0.40%
61 3M Co 7,676 1,100,000 0.40%
62 KIMBERLY CLARK CORP 9,430 1,049,000 0.38%
63 PFIZER INC 35,315 1,048,000 0.38%
64 Welltower 15,909 997,000 0.36%
65 COCA COLA CO 22,337 946,000 0.34%
66 Regions Financial 87,878 933,000 0.34%
67 AmerisourceBergen 12,635 918,000 0.33%
68 NEWFIELD EXPL CO 20,780 918,000 0.33%
69 KELLY SVCS INC CL A 52,700 905,000 0.33%
70 DU PONT E I DE NEMOURS & CO 12,895 844,000 0.31%
71 DIAGEO P L C 6,356 809,000 0.29%
72 SCHLUMBERGER LTD 6,215 733,000 0.27%
73 COMMUNITY BK SYS INC COM 19,242 697,000 0.25%
74 BUCKEYE PARTNERS L P 8,255 686,000 0.25%
75 JPMorgan Chase & Co 11,507 663,000 0.24%
76 BERKSHIRE HATHAWAY INC DEL 5,127 649,000 0.24%
77 BERKSHIRE HATHAWAY INC DEL 3 570,000 0.21%
78 CERNER CORP 10,285 531,000 0.19%
79 ISHARES TR 5,000 506,000 0.18%
80 ASTRAZENECA PLC 6,300 468,000 0.17%
81 EMERSON ELEC CO 6,730 447,000 0.16%
82 DISNEY WALT CO 5,114 438,000 0.16%
83 ANADARKO PETE CORP 3,984 436,000 0.16%
84 HUNTINGTON BANCSHARES INC 45,650 436,000 0.16%
85 ENTERPRISE PRODS PARTNERS L 5,412 424,000 0.15%
86 CYS Investments Inc 46,500 419,000 0.15%
87 ISHARES TR 3,715 416,000 0.15%
88 INTEL CORP 12,935 400,000 0.15%
89 SPDR GOLD TRUST 2,940 376,000 0.14%
90 BRISTOL MYERS SQUIBB CO 7,723 375,000 0.14%
91 MCDONALDS CORP 3,613 364,000 0.13%
92 CITIZENS NORTHN CORP 18,100 353,000 0.13%
93 CAPSTEAD MTG CORP COM NO PAR 25,900 341,000 0.12%
94 AFLAC INC 5,400 336,000 0.12%
95 ISHARES TR 2,025 329,000 0.12%
96 WEC ENERGY CORP. 7,000 328,000 0.12%
97 SYSCO CORP 8,766 328,000 0.12%
98 ISHARES TR 2,747 326,000 0.12%
99 PRAXAIR INC 2,418 321,000 0.12%
100 ISHARES TR 1,225 315,000 0.11%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001313893-14-000003, filed 2014.07.23).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.