Cutler Capital Management, LLC

CIK

1353098

Location

WORCESTER, MA

Portfolio Value

Small $245,919,135

Diversification

Diversified

Filing Date

Global Rank

#3,618 / 8,636 ▲ 223 · as of Mar 2026

Top Industry

Banks - Regional 34.3%

3Y Alpha vs SPY

-2.7%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+65.6%

SPY

+77.3%

Annualised alpha

-2.7%

Max drawdown

−14.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

74 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.8%

+0.8 pts

Top 5

28.7%

−0.1 pts

Top 10

46.1%

+0.6 pts

HHI

339

Diversified+10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	42.3%	$104,017,349	30
Real Estate	13.7%	$33,643,421	6
Basic Materials	10.5%	$25,778,886	5
Energy	9.1%	$22,466,960	5
Healthcare	8.4%	$20,590,670	4
Consumer Defensive	6.0%	$14,733,713	4
Communication Services	3.8%	$9,338,777	3
Industrials	3.3%	$8,005,842	4
Technology	2.4%	$5,793,821	5
Unclassified	0.3%	$779,491	4
Utilities	0.2%	$449,134	2
Consumer Cyclical	0.1%	$321,071	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
NOG	Northern Oil & Gas, Inc.	+42,709	73,609	$2,151,591
ENR	Energizer Holdings, Inc.	+29,930	149,905	$2,461,440
XRN	Chiron Real Estate Inc.	+17,189	172,211	$5,696,739
VICI	Vici Properties Inc.	+15,650	202,685	$5,537,354
APLE	Apple Hospitality REIT, Inc.	+10,400	300,670	$3,460,711
MET	Metlife Inc	+9,633	175,759	$12,429,676
BBT	Beacon Financial Corp	+8,055	77,238	$2,317,140
WY	Weyerhaeuser Co	+8,050	174,110	$4,253,507
ET	Energy Transfer LP	+3,907	377,198	$7,279,921
VZ	Verizon Communications Inc	+3,622	141,366	$7,096,573
ACI	Albertsons Companies, Inc.	+2,950	149,662	$2,550,240
WIW	Western Asset Inflation-Linked Opportunities & Income Fund	+2,200	106,092	$897,538
FXNC	First National Corp /Va/	+1,000	204,109	$5,494,614
PKBK	Parke Bancorp, Inc.	+973	317,426	$9,014,898
FBIZ	First Business Financial Services, Inc.	+805	154,590	$8,337,038
BANC	Banc Of California, Inc.	+800	79,550	$1,398,489
AIG	American International Group, Inc.	+200	33,000	$2,483,250
BMBN	Benchmark Bankshares Inc	+200	173,082	$6,317,493
LOW	Lowes Companies Inc	+53	473	$111,760
SSB	SouthState Bank Corp	+32	5,755	$532,452
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CTO	CTO Realty Growth, Inc.	−4,173	659,370	$12,191,751
SFL	SFL Corp Ltd.	−3,500	330,892	$3,570,324
ES	Eversource Energy	−2,500	4,247	$294,232
SKE	Skeena Resources Ltd	−1,925	11,880	$353,073
ABCB	Ameris Bancorp	−1,600	31,859	$2,484,683
ALRS	Alerus Financial Corp	−1,530	136,470	$3,235,703
AEM	Agnico Eagle Mines Ltd	−1,516	118,598	$24,073,022
VTRS	Viatris Inc	−1,300	456,272	$6,164,234
PFE	Pfizer Inc	−960	248,771	$6,985,489
SBFG	Sb Financial Group, Inc.	−845	390,137	$8,192,877
JCI	Johnson Controls International plc	−750	800	$104,760
CNH	CNH Industrial N.V.	−625	169,938	$1,869,318
SHEL	Shell plc	−625	110,701	$10,295,193
AGI	Alamos Gold Inc	−600	10,822	$480,821
TSBK	Timberland Bancorp Inc	−600	291,202	$11,482,094
BG	Bunge Global SA	−560	79,360	$10,094,592
CSBB	CSB Bancorp, Inc.	−437	66,563	$4,150,868
SLB	Slb Limited/Nv	−398	49,054	$2,520,885
SLV	iShares Silver Trust	−337	2,038	$138,869
CWBC	Community West Bancshares	−239	162,590	$3,788,347
KR	Kroger Co	−200	4,955	$358,543
HCI	HCI Group, Inc.	−189	15,104	$2,335,229
QQQ	Invesco Qqq Trust, Series 1	−157	228	$131,597
IFF	International Flavors & Fragrances Inc	−142	9,451	$685,670
MRK	Merck & Co., Inc.	−136	58,396	$7,024,454
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
B	Barrick Mining Corp	2,325	$101,253
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

74 tracked positions · $245,919,135 total · filing declares 116 positions · $369,859,771 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 74 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	118,598	-1,516	$24,073,022	+18.2%	9.79%
MET	Metlife Inc Financial Services	Added	175,759	+9,633	$12,429,676	−5.2%	5.05%
CTO	CTO Realty Growth, Inc. Real Estate	Reduced	659,370	-4,173	$12,191,751	−0.2%	4.96%
TSBK	Timberland Bancorp Inc Financial Services	Reduced	291,202	-600	$11,482,094	+9.9%	4.67%
SHEL	Shell plc Energy	Reduced	110,701	-625	$10,295,193	+25.9%	4.19%
BG	Bunge Global SA Consumer Defensive	Reduced	79,360	-560	$10,094,592	+41.8%	4.10%
PKBK	Parke Bancorp, Inc. Financial Services	Added	317,426	+973	$9,014,898	+13.8%	3.67%
FBIZ	First Business Financial Services, Inc. Financial Services	Added	154,590	+805	$8,337,038	−0.2%	3.39%
SBFG	Sb Financial Group, Inc. Financial Services	Reduced	390,137	-845	$8,192,877	−5.9%	3.33%
ET	Energy Transfer LP Energy	Added	377,198	+3,907	$7,279,921	+18.3%	2.96%
VZ	Verizon Communications Inc Communication Services	Added	141,366	+3,622	$7,096,573	+26.5%	2.89%
MRK	Merck & Co., Inc. Healthcare	Reduced	58,396	-136	$7,024,454	+14.0%	2.86%
PFE	Pfizer Inc Healthcare	Reduced	248,771	-960	$6,985,489	+12.3%	2.84%
BMBN	Benchmark Bankshares Inc Financial Services	Added	173,082	+200	$6,317,493	+9.0%	2.57%
VTRS	Viatris Inc Healthcare	Reduced	456,272	-1,300	$6,164,234	+8.2%	2.51%
CPKF	Chesapeake Financial Shares Inc Financial Services	Held	178,500	0	$5,710,215	+13.2%	2.32%
XRN	Chiron Real Estate Inc. Real Estate	Added	172,211	+17,189	$5,696,739	+8.9%	2.32%
VICI	Vici Properties Inc. Real Estate	Added	202,685	+15,650	$5,537,354	+5.3%	2.25%
FXNC	First National Corp /Va/ Financial Services	Added	204,109	+1,000	$5,494,614	+7.2%	2.23%
AAPL	Apple Inc. PUT Technology	Held	17,500	0	$4,441,325	−6.6%	1.81%
WY	Weyerhaeuser Co Real Estate	Added	174,110	+8,050	$4,253,507	+8.1%	1.73%
CSBB	CSB Bancorp, Inc. Financial Services	Reduced	66,563	-437	$4,150,868	+14.7%	1.69%
FMBM	F&M Bank Corp Financial Services	Held	135,864	0	$4,141,134	+6.0%	1.68%
CWBC	Community West Bancshares Financial Services	Reduced	162,590	-239	$3,788,347	+3.4%	1.54%
SFL	SFL Corp Ltd. Industrials	Reduced	330,892	-3,500	$3,570,324	+36.7%	1.45%
APLE	Apple Hospitality REIT, Inc. Real Estate	Added	300,670	+10,400	$3,460,711	+0.6%	1.41%
ALRS	Alerus Financial Corp Financial Services	Reduced	136,470	-1,530	$3,235,703	+4.1%	1.32%
ACI	Albertsons Companies, Inc. Consumer Defensive	Added	149,662	+2,950	$2,550,240	+1.2%	1.04%
SLB	Slb Limited/Nv Energy	Reduced	49,054	-398	$2,520,885	+32.8%	1.03%
LXP	LXP Industrial Trust Real Estate	Reduced	54,115	-111	$2,503,359	−6.9%	1.02%
ABCB	Ameris Bancorp Financial Services	Reduced	31,859	-1,600	$2,484,683	−0.0%	1.01%
AIG	American International Group, Inc. Financial Services	Added	33,000	+200	$2,483,250	−11.5%	1.01%
ENR	Energizer Holdings, Inc. Industrials	Added	149,905	+29,930	$2,461,440	+3.1%	1.00%
HCI	HCI Group, Inc. Financial Services	Reduced	15,104	-189	$2,335,229	−20.3%	0.95%
BBT	Beacon Financial Corp Financial Services	Added	77,238	+8,055	$2,317,140	+27.0%	0.94%
FCCO	First Community Corp /Sc/ Financial Services	Held	76,500	0	$2,236,095	−1.4%	0.91%
NOG	Northern Oil & Gas, Inc. Energy	Added	73,609	+42,709	$2,151,591	+224.3%	0.87%
CNH	CNH Industrial N.V. Industrials	Reduced	169,938	-625	$1,869,318	+18.9%	0.76%
T	At&T Inc. Communication Services	Reduced	62,256	-100	$1,804,801	+16.5%	0.73%
TSN	Tyson Foods, Inc. Consumer Defensive	Reduced	27,007	-100	$1,730,338	+8.9%	0.70%
FISI	Financial Institutions Inc Financial Services	Held	49,428	0	$1,567,361	+1.7%	0.64%
PFIS	Peoples Financial Services Corp. Financial Services	Held	28,748	0	$1,533,130	+9.5%	0.62%
BANC	Banc Of California, Inc. Financial Services	Added	79,550	+800	$1,398,489	−7.9%	0.57%
WIW	Western Asset Inflation-Linked Opportunities & Income Fund Financial Services	Added	106,092	+2,200	$897,538	+0.6%	0.36%
VGM	Invesco Trust for Investment Grade Municipals Financial Services	Held	86,117	0	$849,974	−4.8%	0.35%
HWC	Hancock Whitney Corp Financial Services	Held	10,898	0	$693,003	−0.1%	0.28%
IFF	International Flavors & Fragrances Inc Basic Materials	Reduced	9,451	-142	$685,670	+6.1%	0.28%
MTB	M&T Bank Corp Financial Services	Held	3,238	0	$669,359	+2.6%	0.27%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,330	0	$637,336	−4.7%	0.26%
MSFT	Microsoft Corp Technology	Held	1,646	0	$609,299	−23.5%	0.25%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.