Cutler Group LP

CIK

1534270

Location

SAN FRANCISCO, CA

Portfolio Value

Small $238,733,906

Diversification

Diversified

Filing Date

Global Rank

#4,447 / 7,429 ▼ 2226 · as of Mar 2024

Top Industry

Semiconductors 8.5%

Period ended 2 years ago

Filed Apr 19, 2024 · 2y

17 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 24.3%, 93.0 effective positions, active share 74.6% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

90.8% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 8.4 quarters, but 20.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 74.6%; sector active share 17.9% against the combined 13F book's sector weights.

Over time 17 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

1,394 tracked positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

20.2%

+7.6 pts

Top 5

33.6%

+10.9 pts

Top 10

41.0%

+9.7 pts

HHI

495

Diversified+264

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Unclassified	44.1%	$105,361,794	462
Technology	14.9%	$35,605,439	158
Consumer Cyclical	10.2%	$24,427,544	136
Consumer Defensive	5.1%	$12,219,946	55
Financial Services	5.1%	$12,057,733	116
Healthcare	5.0%	$11,884,644	134
Industrials	4.1%	$9,688,256	83
Communication Services	4.0%	$9,471,832	58
Basic Materials	2.1%	$5,124,326	55
Energy	2.1%	$5,017,760	79
Real Estate	1.7%	$4,104,633	40
Utilities	1.6%	$3,769,999	18

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPCE	Virgin Galactic Holdings, Inc	+32,608	32,866	$48,641
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF	+28,561	49,290	$2,478,301
QLD	ProShares Ultra QQQ	+27,861	33,461	$0
SNAP	Snap Inc	+23,392	67,460	$774,440
ITOT	iShares Core S&P Total U.S. Stock Market ETF	+20,868	73,794	$8,508,448
UWM	ProShares Ultra Russell2000	+18,370	38,682	$0
SPXS	Direxion Daily S&P 500 Bear 3X Shares	+16,592	22,433	$195,840
CLNE	Clean Energy Fuels Corp.	+16,108	19,226	$51,525
URA	Global X Uranium ETF	+15,747	20,190	$0
VNO	Vornado Realty Trust	+14,097	15,297	$440,094
GRAB	Grab Holdings Ltd	+13,762	18,257	$57,326
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	+13,637	14,113	$2,084,913
SOXX	iShares Semiconductor ETF	+12,147	15,533	$0
IJR	iShares Core S&P Small-Cap ETF	+11,460	12,900	$1,425,708
ASHR	DBX ETF Trust	+11,235	12,824	$308,673
EWZ	iShares MSCI Brazil ETF	+11,127	11,327	$367,221
BITX	Volatility Shares Trust	+9,572	15,080	$803,010
WDC	Western Digital Corp	+8,563	11,777	$803,661
VNQ	VANGUARD REAL ESTATE INDEX FUND	+8,155	8,200	$709,136
—		+7,500	8,600	$0
ANF	Abercrombie & Fitch Co	+7,323	10,023	$1,256,182
BLNK	Blink Charging Co.	+7,200	12,300	$37,023
—		+5,275	9,120	$0
COHR	Coherent Corp.	+5,239	7,585	$459,802
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	+5,028	11,600	$629,184
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
F	Ford Motor Co	−471,947	52,367	$695,433
PLTR	Palantir Technologies Inc.	−330,829	23,477	$540,205
C	Citigroup Inc	−268,081	6,363	$402,396
TLT	iShares 20+ Year Treasury Bond ETF	−264,092	6,006	$568,287
BAC	Bank Of America Corp	−175,832	244	$9,252
GDX	VanEck Gold Miners ETF	−163,465	76,532	$2,419,941
TQQQ	ProShares UltraPro QQQ	−147,778	15,081	$0
—		−124,150	75	$1
PFE	Pfizer Inc	−120,937	10,075	$279,581
TNA	Direxion Daily Small Cap Bull 3X Shares	−109,720	27,331	$1,173,046
WBD	Warner Bros. Discovery, Inc.	−102,955	13,122	$114,555
JD	JD.com, Inc.	−101,166	31	$849
PYPL	PayPal Holdings, Inc.	−98,020	1,604	$107,451
MPT	Medical Properties Trust Inc	−92,742	3,229	$15,176
T	At&T Inc.	−84,371	611	$10,753
IWM	iShares Russell 2000 ETF	−82,072	14,404	$3,029,161
BABA	Alibaba Group Holding Ltd	−80,946	19,897	$1,439,746
RIOT	Riot Platforms, Inc.	−80,130	10,736	$131,408
ENPH	Enphase Energy, Inc.	−79,753	5,556	$672,164
PENN	PENN Entertainment, Inc.	−72,484	8,344	$151,944
SQQQ	ProShares UltraPro Short QQQ	−72,261	3,792	$0
P	Everpure, Inc.	−72,205	1,116	$58,020
SILJ		−71,400	7,372	$0
AAL	American Airlines Group Inc.	−68,507	494	$7,582
MU	Micron Technology Inc	−68,297	1,444	$170,233
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
IVW	iShares S&P 500 Growth ETF	93,001	$7,853,004
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	64,265	$4,218,997
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	21,450	$1,751,607
VO	VANGUARD MID-CAP INDEX FUND	5,218	$1,303,769
VIG	Vanguard Specialized Funds	5,647	$1,031,198
IVV	iShares Core S&P 500 ETF	1,300	$683,449
TGT	Target Corp	3,498	$619,880
XLF	State Street Corp	11,907	$501,522
PANW	Palo Alto Networks Inc	1,734	$492,681
ZM	Zoom Communications, Inc.	7,107	$464,584
DJT	Trump Media & Technology Group Corp.	6,800	$421,328
—		2,500	$397,025
NVDU	Direxion Daily NVDA Bull 2X Shares	5,900	$388,338
PHM	Pultegroup Inc	2,937	$354,260
ONON	On Holding AG	9,669	$342,089
XPEV	Xpeng Inc.	43,335	$332,812
GDDY	GoDaddy Inc.	2,626	$311,653
DBA	Invesco Db Agriculture Fund	11,965	$296,253
AXP	American Express Co	1,298	$295,541
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	6,890	$287,795
MS	Morgan Stanley	3,029	$285,210
ZTS	Zoetis Inc.	1,580	$267,351
BBY	Best Buy Co Inc	3,066	$251,503
PEN	Penumbra Inc	1,100	$245,498
WELL	Welltower Inc.	2,253	$210,520
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	229,871	$17,789,716
ORCL	Oracle Corp	123,010	$12,968,944
AMD	Advanced Micro Devices Inc	51,000	$7,517,910
JPM	Jpmorgan Chase & Co	40,158	$6,830,875
IGV	iShares Expanded Tech-Software Sector ETF	14,650	$5,942,626
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	62,433	$5,574,642
QQQ	Invesco Qqq Trust, Series 1	10,387	$4,253,684
NXPI	NXP Semiconductors N.V.	18,518	$4,253,214
CVX	Chevron Corp	25,758	$3,842,063
SMH	VanEck Semiconductor ETF	19,009	$3,324,103
TMUS	T-Mobile US, Inc.	19,420	$3,113,608
VZ	Verizon Communications Inc	80,870	$3,048,799
MAR	Marriott International Inc	12,968	$2,924,413
COP	Conocophillips	24,792	$2,877,607
EXC	Exelon Corp	70,533	$2,532,134
ROKU	Roku, Inc	26,962	$2,471,336
GE	General Electric Co	17,803	$2,272,196
LYB	LyondellBasell Industries N.V.	18,889	$1,795,966
QCOM	Qualcomm Inc	12,167	$1,759,713
NFLX	Netflix Inc	3,564	$1,735,240
SLB	Slb Limited	32,570	$1,694,942
IAU	Ishares Gold Trust	42,572	$1,661,585
AA	Alcoa Corp	44,354	$1,508,036
BP	Bp PLC	41,551	$1,470,905
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	6,185	$1,467,205
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,394 tracked positions · $238,733,906 total · filing declares 2,928 positions · $307,332 · as of Mar 31, 2024

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

Showing 1–50 of 1,394 positions by value · page 1 of 28

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IWB	iShares Russell 1000 ETF PUT CALL + SHARES	Reduced	54,167	-9,450	$14,910,550	+242.1%	2	unpriced	6.25%
ITOT	iShares Core S&P Total U.S. Stock Market ETF PUT CALL + SHARES	Added	85,794	+15,568	$8,508,478	+48.0%	4	unpriced	3.56%
IVW	iShares S&P 500 Growth ETF PUT CALL + SHARES	Added	102,001	+63,401	$7,853,050	+20759.7%	1	unpriced	3.29%
MDGL	Madrigal Pharmaceuticals, Inc. PUT CALL + SHARES Healthcare	Reduced	84,700	-10,500	$4,221,087	+35.1%	5	$228.95	1.77%
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF PUT CALL + SHARES	Reduced	260,665	-371,435	$4,219,206	+330299.8%	1	unpriced	1.77%
SOXL	Direxion Daily Semiconductor Bull 3X Shares PUT CALL + SHARES	Reduced	239,900	-686,693	$4,020,747	+35.0%	2	unpriced	1.68%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	Reduced	18,845	-77,942	$3,656,380	−64.3%	11	unpriced	1.53%
GLD	Spdr Gold Trust PUT CALL + SHARES	Reduced	73,723	-300,492	$3,193,533	−68.4%	2	$183.27	1.34%
SPY	Spdr S&P 500 ETF Trust	Reduced	6,000	-246,157	$3,138,420	−88.0%	16	$437.57	1.31%
IWM	iShares Russell 2000 ETF PUT CALL + SHARES	Reduced	68,404	-820,672	$3,030,267	−84.4%	8	unpriced	1.27%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF PUT CALL + SHARES	Reduced	100,557	-359,134	$3,007,907	+0.5%	2	unpriced	1.26%
DIS	Walt Disney Co PUT CALL + SHARES Communication Services	Reduced	88,187	-332,195	$2,800,750	−59.3%	12	$95.46	1.17%
TGT	Target Corp PUT CALL + SHARES Consumer Defensive	Reduced	32,498	-110,202	$2,711,650	+146713.8%	1	$152.13	1.14%
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF PUT CALL + SHARES	Reduced	101,490	-454,839	$2,478,465	+127.8%	17+	before history	1.04%
GDX	VanEck Gold Miners ETF PUT CALL + SHARES	Reduced	161,632	-1,206,865	$2,420,024	−67.5%	6	unpriced	1.01%
TSM	Taiwan Semiconductor Manufacturing Co Ltd PUT CALL + SHARES Technology	Reduced	22,033	-232,727	$2,331,274	−71.0%	10	$96.34	0.98%
OIH	VanEck Oil Services ETF PUT CALL	Reduced	7,200	-57,900	$2,287,055	+952839.6%	—	—	0.96%
MU	Micron Technology Inc PUT CALL + SHARES Technology	Reduced	34,344	-294,097	$2,281,385	−61.7%	4	$68.57	0.96%
AEP	American Electric Power Co Inc CALL + SHARES Utilities	Reduced	42,331	-58,714	$2,241,396	+15.2%	2	$77.92	0.94%
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF PUT CALL + SHARES	Reduced	32,913	-176,463	$2,084,984	+3047.7%	3	unpriced	0.87%
BURL	Burlington Stores, Inc. PUT CALL Consumer Cyclical	Reduced	13,800	-40	$1,974,310	+29.4%	—	—	0.83%
GIS	General Mills Inc PUT CALL + SHARES Consumer Defensive	Reduced	66,190	-87,180	$1,923,537	+0.2%	7	$73.28	0.81%
WSM	Williams Sonoma Inc PUT CALL + SHARES Consumer Cyclical	Reduced	7,897	-24,189	$1,904,362	−46.0%	4	$168.11	0.80%
VO	VANGUARD MID-CAP INDEX FUND PUT CALL + SHARES	Added	8,318	+4,918	$1,878,450	+23480525.0%	1	unpriced	0.79%
PGR	Progressive Corp PUT CALL + SHARES Financial Services	Reduced	9,062	-67,838	$1,832,852	+881078.8%	1	$185.54	0.77%
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF PUT CALL + SHARES	Reduced	31,150	-235,550	$1,751,637	+210180.6%	1	unpriced	0.73%
ARM	Arm Holdings PLC PUT CALL + SHARES Technology	Reduced	79,138	-62,479	$1,731,205	+96.4%	3	unpriced	0.73%
BA	Boeing Co PUT CALL + SHARES Industrials	Reduced	37,056	-219,062	$1,709,727	−82.1%	3	$217.67	0.72%
MSFT	Microsoft Corp PUT CALL + SHARES Technology	Added	25,230	+2,008	$1,697,145	+94.0%	17+	before history	0.71%
IWO	iShares Russell 2000 Growth ETF CALL + SHARES	Reduced	6,253	-66,027	$1,666,235	+271.1%	2	unpriced	0.70%
SMCI	Super Micro Computer, Inc. PUT + SHARES Technology	Reduced	1,578	-33,446	$1,593,827	−3.7%	5	$127.63	0.67%
HLT	Hilton Worldwide Holdings Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	33,060	-96,700	$1,592,012	+15.2%	17+	before history	0.67%
CLX	Clorox Co PUT CALL Consumer Defensive	Reduced	13,500	-61,300	$1,561,759	+443581.5%	—	—	0.65%
URI	United Rentals, Inc. PUT CALL + SHARES Industrials	Reduced	5,778	-35,433	$1,498,533	−13.2%	9	$459.06	0.63%
ETN	Eaton Corp plc PUT CALL + SHARES Industrials	Reduced	14,276	-8,967	$1,462,143	+5.7%	4	$189.83	0.61%
ABNB	Airbnb, Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	23,724	-133,327	$1,455,854	−35.0%	14	unpriced	0.61%
BABA	Alibaba Group Holding Ltd PUT CALL + SHARES Consumer Cyclical	Reduced	75,497	-899,346	$1,439,921	−81.6%	11	$89.73	0.60%
CSCO	Cisco Systems, Inc. PUT CALL + SHARES Technology	Reduced	93,083	-388,049	$1,431,848	+5.6%	17+	before history	0.60%
IJR	iShares Core S&P Small-Cap ETF PUT CALL + SHARES	Reduced	20,500	-52,140	$1,425,734	+811.5%	3	unpriced	0.60%
ANF	Abercrombie & Fitch Co PUT CALL + SHARES Consumer Cyclical	Reduced	11,023	-10,277	$1,381,512	+479.6%	3	$95.28	0.58%
XLY	State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF PUT CALL + SHARES	Reduced	93,248	-273,141	$1,333,699	−86.6%	8	unpriced	0.56%
CRWD	CrowdStrike Holdings, Inc. PUT CALL + SHARES Technology	Reduced	18,421	-62,141	$1,321,459	+27.2%	17+	before history	0.55%
CL	Colgate Palmolive Co PUT CALL + SHARES Consumer Defensive	Reduced	107,416	-119,983	$1,281,254	−72.7%	17+	before history	0.54%
VIG	Vanguard Specialized Funds PUT CALL + SHARES	Reduced	24,047	-37,953	$1,232,248	+554966.7%	1	$175.68	0.52%
SHY	iShares 1-3 Year Treasury Bond ETF CALL	Held	15,000	0	$1,226,700	+12266900.0%	—	—	0.51%
FSLR	First Solar, Inc. PUT CALL + SHARES Technology	Reduced	35,388	-161,513	$1,179,769	−79.6%	9	$184.16	0.49%
TNA	Direxion Daily Small Cap Bull 3X Shares PUT CALL + SHARES	Reduced	58,331	-396,120	$1,173,257	−78.3%	17+	before history	0.49%
DXJ	WisdomTree Japan Hedged Equity Fund PUT CALL + SHARES	Reduced	10,601	-4,708	$1,139,359	+126.8%	3	unpriced	0.48%
SHOP	Shopify Inc. PUT CALL + SHARES Technology	Reduced	38,895	-285,366	$1,134,268	−73.7%	9	unpriced	0.48%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF PUT CALL + SHARES	Reduced	71,277	-391,385	$1,121,470	−42.8%	2	unpriced	0.47%

Showing the top 50 of 1,394 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.