Cutler Capital Management, LLC

CIK

1353098

Location

WORCESTER, MA

Portfolio Value

Micro $20,590,670

Diversification

Diversified

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 SPY

Hypothetical 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, 2025

Top 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	Positions
Financial Services	41.3%	$99,876,215	29
Real Estate	13.9%	$33,643,421	6
Basic Materials	10.7%	$25,778,886	5
Energy	9.3%	$22,466,960	5
Healthcare	8.5%	$20,590,670	4
Consumer Defensive	6.1%	$14,733,713	4
Communication Services	3.8%	$9,231,205	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

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.

Portfolio Positions

Compact Export CSV View 13F filing

4 positions · $20,590,670 total · Healthcare only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MRK	Merck & Co., Inc. Healthcare	Reduced	58,396	-136	$7,024,454	+14.0%	34.11%
PFE	Pfizer Inc Healthcare	Reduced	248,771	-960	$6,985,489	+12.3%	33.93%
VTRS	Viatris Inc Healthcare	Reduced	456,272	-1,300	$6,164,234	+8.2%	29.94%
ABBV	AbbVie Inc. Healthcare	Held	1,915	0	$416,493	−4.8%	2.02%