Cutler Capital Management, LLC
Filing Date
Global Rank
#3,825
/ 8,586
▲ 285
Top Industry
Banks - Regional
33.2%
3Y Alpha vs SPY
-3.7%
Period ended 3 months ago
Filed May 15, 2026 · 32d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+62.2%
SPY
+78.1%
Annualised alpha
-3.7%
Max drawdown
−14.5%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
73 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
10.0%
+0.7 pts
Top 5
29.2%
−0.5 pts
Top 10
46.9%
+0.0 pts
HHI
348
Diversified+4
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 41.3% | $99,876,215 |
| Real Estate | 13.9% | $33,643,421 |
| Basic Materials | 10.7% | $25,778,886 |
| Energy | 9.3% | $22,466,960 |
| Healthcare | 8.5% | $20,590,670 |
| Consumer Defensive | 6.1% | $14,733,713 |
| Communication Services | 3.8% | $9,231,205 |
| Industrials | 3.3% | $8,005,842 |
| Technology | 2.4% | $5,793,821 |
| Unclassified | 0.3% | $779,491 |
| Utilities | 0.2% | $449,134 |
| Consumer Cyclical | 0.1% | $321,071 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
20 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LXP | LXP Industrial Trust | 54,115 | $2,503,359 | |
| No positions match the current search. | ||||
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. | ||||
73 positions ·
$241,670,429 total
· 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 73 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AEM |
Agnico Eagle Mines Ltd
Basic Materials
|
Reduced | 118,598 | $24,073,022 | 9.96% | |
| MET |
Metlife Inc
Financial Services
|
Added | 175,759 | $12,429,676 | 5.14% | |
| CTO |
CTO Realty Growth, Inc.
Real Estate
|
Reduced | 659,370 | $12,191,751 | 5.04% | |
| TSBK |
Timberland Bancorp Inc
Financial Services
|
Reduced | 291,202 | $11,482,094 | 4.75% | |
| SHEL |
Shell plc
Energy
|
Reduced | 110,701 | $10,295,193 | 4.26% | |
| BG |
Bunge Global SA
Consumer Defensive
|
Reduced | 79,360 | $10,094,592 | 4.18% | |
| PKBK |
Parke Bancorp, Inc.
Financial Services
|
Added | 317,426 | $9,014,898 | 3.73% | |
| FBIZ |
First Business Financial Services, Inc.
Financial Services
|
Added | 154,590 | $8,337,038 | 3.45% | |
| SBFG |
Sb Financial Group, Inc.
Financial Services
|
Reduced | 390,137 | $8,192,877 | 3.39% | |
| ET |
Energy Transfer LP
Energy
|
Added | 377,198 | $7,279,921 | 3.01% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 141,366 | $7,096,573 | 2.94% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Reduced | 58,396 | $7,024,454 | 2.91% | |
| PFE |
Pfizer Inc
Healthcare
|
Reduced | 248,771 | $6,985,489 | 2.89% | |
| BMBN |
Benchmark Bankshares Inc
Financial Services
|
Added | 173,082 | $6,317,493 | 2.61% | |
| VTRS |
Viatris Inc
Healthcare
|
Reduced | 456,272 | $6,164,234 | 2.55% | |
| CPKF |
Chesapeake Financial Shares Inc
Financial Services
|
Held | 178,500 | $5,710,215 | 2.36% | |
| XRN |
Chiron Real Estate Inc.
Real Estate
|
Added | 172,211 | $5,696,739 | 2.36% | |
| VICI |
Vici Properties Inc.
Real Estate
|
Added | 202,685 | $5,537,354 | 2.29% | |
| FXNC |
First National Corp /Va/
Financial Services
|
Added | 204,109 | $5,494,614 | 2.27% | |
| AAPL |
Apple Inc.
Technology
|
Held | 17,500 | $4,441,325 | 1.84% | |
| WY |
Weyerhaeuser Co
Real Estate
|
Added | 174,110 | $4,253,507 | 1.76% | |
| CSBB |
CSB Bancorp, Inc.
Financial Services
|
Reduced | 66,563 | $4,150,868 | 1.72% | |
| CWBC |
Community West Bancshares
Financial Services
|
Reduced | 162,590 | $3,788,347 | 1.57% | |
| SFL |
SFL Corp Ltd.
Industrials
|
Reduced | 330,892 | $3,570,324 | 1.48% | |
| APLE |
Apple Hospitality REIT, Inc.
Real Estate
|
Added | 300,670 | $3,460,711 | 1.43% | |
| ALRS |
Alerus Financial Corp
Financial Services
|
Reduced | 136,470 | $3,235,703 | 1.34% | |
| ACI |
Albertsons Companies, Inc.
Consumer Defensive
|
Added | 149,662 | $2,550,240 | 1.06% | |
| SLB |
Slb Limited/Nv
Energy
|
Reduced | 49,054 | $2,520,885 | 1.04% | |
| LXP |
LXP Industrial Trust
Real Estate
|
NEW | 54,115 | $2,503,359 | 1.04% | |
| ABCB |
Ameris Bancorp
Financial Services
|
Reduced | 31,859 | $2,484,683 | 1.03% | |
| AIG |
American International Group, Inc.
Financial Services
|
Added | 33,000 | $2,483,250 | 1.03% | |
| ENR |
Energizer Holdings, Inc.
Industrials
|
Added | 149,905 | $2,461,440 | 1.02% | |
| HCI |
HCI Group, Inc.
Financial Services
|
Reduced | 15,104 | $2,335,229 | 0.97% | |
| BBT |
Beacon Financial Corp
Financial Services
|
Added | 77,238 | $2,317,140 | 0.96% | |
| FCCO |
First Community Corp /Sc/
Financial Services
|
Held | 76,500 | $2,236,095 | 0.93% | |
| NOG |
Northern Oil & Gas, Inc.
Energy
|
Added | 73,609 | $2,151,591 | 0.89% | |
| CNH |
CNH Industrial N.V.
Industrials
|
Reduced | 169,938 | $1,869,318 | 0.77% | |
| T |
At&T Inc.
Communication Services
|
Reduced | 62,256 | $1,804,801 | 0.75% | |
| TSN |
Tyson Foods, Inc.
Consumer Defensive
|
Reduced | 27,007 | $1,730,338 | 0.72% | |
| FISI |
Financial Institutions Inc
Financial Services
|
Held | 49,428 | $1,567,361 | 0.65% | |
| PFIS |
Peoples Financial Services Corp.
Financial Services
|
Held | 28,748 | $1,533,130 | 0.63% | |
| BANC |
Banc Of California, Inc.
Financial Services
|
Added | 79,550 | $1,398,489 | 0.58% | |
| WIW |
Western Asset Inflation-Linked Opportunities & Income Fund
Financial Services
|
Added | 106,092 | $897,538 | 0.37% | |
| VGM |
Invesco Trust for Investment Grade Municipals
Financial Services
|
Held | 86,117 | $849,974 | 0.35% | |
| HWC |
Hancock Whitney Corp
Financial Services
|
Held | 10,898 | $693,003 | 0.29% | |
| IFF |
International Flavors & Fragrances Inc
Basic Materials
|
Reduced | 9,451 | $685,670 | 0.28% | |
| MTB |
M&T Bank Corp
Financial Services
|
Held | 3,238 | $669,359 | 0.28% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Held | 1,330 | $637,336 | 0.26% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 1,646 | $609,299 | 0.25% | |
| SSB |
SouthState Bank Corp
Financial Services
|
Added | 5,755 | $532,452 | 0.22% |