Sippican Capital Advisors

CIK

1557406

Location

BOSTON, MA

Portfolio Value

Small $138,234,914

Diversification

Diversified

Filing Date

Global Rank

#4,674 / 8,232 ▲ 223

Top Industry

Banks - Regional 31.2%

3Y Alpha vs SPY

-3.8%

Period ended 2 months ago

Filed Apr 23, 2026 · 52d

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

+60.2%

SPY

+76.3%

Annualised alpha

-3.8%

Max drawdown

−21.7%

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

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

Top Position

5.8%

−1.6 pts

Top 5

17.6%

−1.4 pts

Top 10

28.7%

−1.4 pts

HHI

178

Diversified−15

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	42.6%	$58,937,188	39
Energy	13.9%	$19,171,804	12
Industrials	13.4%	$18,471,445	14
Healthcare	11.2%	$15,536,958	8
Consumer Cyclical	9.6%	$13,324,395	10
Technology	4.0%	$5,579,267	5
Consumer Defensive	2.0%	$2,825,061	7
Real Estate	1.8%	$2,556,871	2
Communication Services	0.7%	$976,020	2
Basic Materials	0.6%	$855,905	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
GT	Goodyear Tire & Rubber Co /Oh/	+19,655	335,785	$2,226,254
FLG	Flagstar Bank, National Association	+18,810	167,615	$2,207,489
CIFR	Cipher Digital Inc.	+17,850	70,600	$908,622
ORCL	Oracle Corp	+9,977	17,111	$2,517,199
EGBN	Eagle Bancorp Inc	+8,837	107,517	$2,673,947
WULF	Terawulf Inc.	+7,500	79,150	$1,142,134
SM	SM Energy Co	+4,929	20,760	$647,296
AMZN	Amazon Com Inc	+4,901	10,534	$2,193,916
IREN	IREN Ltd	+3,715	49,045	$1,681,262
BF-A	Brown Forman Corp	+1,426	11,292	$302,512
VFC	V F Corp	+1,330	106,700	$1,812,833
EOG	Eog Resources Inc	+1,245	13,310	$1,924,226
DIS	Walt Disney Co	+749	6,815	$656,829
WSFS	Wsfs Financial Corp	+451	11,089	$725,885
EPD	Enterprise Products Partners L.P.	+375	20,860	$789,342
IBM	International Business Machines Corp	+211	1,039	$251,843
MSFT	Microsoft Corp	+155	1,018	$376,833
BX	Blackstone Inc.	+6	7,225	$830,802
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
WAL	Western Alliance Bancorporation	−9,995	11,020	$780,767
BAC	Bank Of America Corp /De/	−9,444	15,785	$769,518
CF	CF Industries Holdings, Inc.	−8,813	6,592	$855,905
CTRA	Coterra Energy Inc.	−8,449	53,966	$1,896,365
KMI	Kinder Morgan, Inc.	−6,320	47,494	$1,592,473
TBBK	Bancorp, Inc.	−5,240	148,221	$7,963,914
COLB	Columbia Banking System, Inc.	−4,325	105,752	$2,900,777
RTX	RTX Corp	−3,554	12,215	$2,356,273
XOM	Exxon Mobil Corp	−3,519	24,600	$4,173,636
C	Citigroup Inc	−3,381	10,856	$1,231,178
BANC	Banc Of California, Inc.	−3,175	121,420	$2,134,563
TFIN	Triumph Financial, Inc.	−2,525	70,423	$4,201,436
EQBK	Equity Bancshares Inc	−1,925	26,520	$1,177,753
PFE	Pfizer Inc	−1,635	99,232	$2,786,434
CASH	Pathward Financial, Inc.	−1,455	20,185	$1,801,107
MVBF	Mvb Financial Corp	−1,435	39,918	$991,163
BMY	Bristol Myers Squibb Co	−1,363	60,689	$3,680,787
MYFW	First Western Financial Inc	−1,350	46,475	$1,142,355
SYBT	Stock Yards Bancorp, Inc.	−1,035	15,854	$1,050,961
CVX	Chevron Corp	−1,012	17,715	$3,665,233
CUBI	Customers Bancorp, Inc.	−826	39,754	$2,759,325
GIS	General Mills Inc	−705	6,300	$234,486
ALRS	Alerus Financial Corp	−700	113,141	$2,682,573
AAPL	Apple Inc.	−650	6,008	$1,524,770
BWB	Bridgewater Bancshares Inc	−625	96,685	$1,711,324
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
NIC	Nicolet Bankshares Inc	3,727	$553,906
MTH	Meritage Homes CORP	8,107	$501,336
CLSK	Cleanspark, Inc.	11,550	$98,290
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
LKFN	Lakeland Financial Corp	17,164	$979,377
DVA	Davita Inc.	3,322	$377,412
TSLA	Tesla, Inc.	791	$355,728
TTE	TotalEnergies SE	4,048	$264,820
BLND	Blend Labs, Inc.	18,000	$54,720
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

100 positions · $138,234,914 total · as of Mar 31, 2026

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

Showing 1–50 of 100 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TBBK	Bancorp, Inc. Financial Services	Reduced	148,221	-5,240	$7,963,914	−23.1%	5.76%
GE	General Electric Co Industrials	Reduced	14,949	-543	$4,242,077	−11.1%	3.07%
TFIN	Triumph Financial, Inc. Financial Services	Reduced	70,423	-2,525	$4,201,436	−8.0%	3.04%
XOM	Exxon Mobil Corp Energy	Reduced	24,600	-3,519	$4,173,636	+23.3%	3.02%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	60,689	-1,363	$3,680,787	+10.0%	2.66%
CVX	Chevron Corp Energy	Reduced	17,715	-1,012	$3,665,233	+28.4%	2.65%
NVR	Nvr Inc Consumer Cyclical	Reduced	488	-19	$3,215,837	−13.0%	2.33%
COLB	Columbia Banking System, Inc. Financial Services	Reduced	105,752	-4,325	$2,900,777	−5.7%	2.10%
ABBV	AbbVie Inc. Healthcare	Reduced	13,022	-437	$2,832,154	−7.9%	2.05%
PFE	Pfizer Inc Healthcare	Reduced	99,232	-1,635	$2,786,434	+10.9%	2.02%
CUBI	Customers Bancorp, Inc. Financial Services	Reduced	39,754	-826	$2,759,325	−7.0%	2.00%
MMM	3M Co Industrials	Reduced	18,682	-245	$2,713,186	−10.5%	1.96%
ALRS	Alerus Financial Corp Financial Services	Reduced	113,141	-700	$2,682,573	+4.6%	1.94%
EGBN	Eagle Bancorp Inc Financial Services	Added	107,517	+8,837	$2,673,947	+26.5%	1.93%
MRK	Merck & Co., Inc. Healthcare	Reduced	22,030	-446	$2,649,988	+12.0%	1.92%
LLY	ELI LILLY & Co Healthcare	Reduced	2,824	-175	$2,597,430	−19.4%	1.88%
ORCL	Oracle Corp Technology	Added	17,111	+9,977	$2,517,199	+81.0%	1.82%
RTX	RTX Corp Industrials	Reduced	12,215	-3,554	$2,356,273	−18.5%	1.70%
IRM	Iron Mountain Inc Real Estate	Reduced	22,727	-550	$2,321,335	+20.2%	1.68%
MCB	Metropolitan Bank Holding Corp. Financial Services	Reduced	27,826	-271	$2,317,627	+8.0%	1.68%
GT	Goodyear Tire & Rubber Co /Oh/ Consumer Cyclical	Added	335,785	+19,655	$2,226,254	−19.6%	1.61%
FLG	Flagstar Bank, National Association Financial Services	Added	167,615	+18,810	$2,207,489	+17.8%	1.60%
AMZN	Amazon Com Inc Consumer Cyclical	Added	10,534	+4,901	$2,193,916	+68.7%	1.59%
BANC	Banc Of California, Inc. Financial Services	Reduced	121,420	-3,175	$2,134,563	−11.2%	1.54%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	4,430	0	$2,122,856	−4.7%	1.54%
FANG	Diamondback Energy, Inc. Energy	Reduced	10,389	-514	$2,054,840	+25.4%	1.49%
EOG	Eog Resources Inc Energy	Added	13,310	+1,245	$1,924,226	+51.9%	1.39%
CTRA	Coterra Energy Inc. Energy	Reduced	53,966	-8,449	$1,896,365	+15.4%	1.37%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	6,245	-245	$1,837,029	−12.2%	1.33%
VFC	V F Corp Consumer Cyclical	Added	106,700	+1,330	$1,812,833	−4.8%	1.31%
CASH	Pathward Financial, Inc. Financial Services	Reduced	20,185	-1,455	$1,801,107	+17.2%	1.30%
OMF	OneMain Holdings, Inc. Financial Services	Reduced	32,781	-25	$1,753,455	−20.9%	1.27%
LMT	Lockheed Martin Corp Industrials	Reduced	2,837	-249	$1,714,654	+14.9%	1.24%
BWB	Bridgewater Bancshares Inc Financial Services	Reduced	96,685	-625	$1,711,324	+0.3%	1.24%
IREN	IREN Ltd Financial Services	Added	49,045	+3,715	$1,681,262	−1.8%	1.22%
KMI	Kinder Morgan, Inc. Energy	Reduced	47,494	-6,320	$1,592,473	+7.6%	1.15%
GEV	GE Vernova Inc. Industrials	Reduced	1,794	-243	$1,565,982	+17.6%	1.13%
CAT	Caterpillar Inc Industrials	Reduced	2,200	-300	$1,558,612	+8.8%	1.13%
AAPL	Apple Inc. Technology	Reduced	6,008	-650	$1,524,770	−15.8%	1.10%
LEN	Lennar Corp /New/ Consumer Cyclical	Reduced	16,660	-362	$1,446,754	−17.3%	1.05%
QCRH	Qcr Holdings Inc Financial Services	Reduced	14,955	-200	$1,277,904	+1.2%	0.92%
DE	Deere & Co Industrials	Reduced	2,230	-110	$1,256,159	+15.3%	0.91%
C	Citigroup Inc Financial Services	Reduced	10,856	-3,381	$1,231,178	−25.9%	0.89%
EQBK	Equity Bancshares Inc Financial Services	Reduced	26,520	-1,925	$1,177,753	−7.3%	0.85%
MYFW	First Western Financial Inc Financial Services	Reduced	46,475	-1,350	$1,142,355	−10.9%	0.83%
WULF	Terawulf Inc. Financial Services	Added	79,150	+7,500	$1,142,134	+38.7%	0.83%
CB	Chubb Ltd Financial Services	Reduced	3,450	-75	$1,124,458	+2.2%	0.81%
SYBT	Stock Yards Bancorp, Inc. Financial Services	Reduced	15,854	-1,035	$1,050,961	−4.2%	0.76%
GD	General Dynamics Corp Industrials	Reduced	2,967	-5	$1,018,333	+1.8%	0.74%
MVBF	Mvb Financial Corp Financial Services	Reduced	39,918	-1,435	$991,163	−7.2%	0.72%