Sippican Capital Advisors

CIK

1557406

Location

BOSTON, MA

Portfolio Value

Micro $58,937,188

Diversification

Diversified

Filing Date

Global Rank

#5,012 / 8,578 ▲ 72

Top Industry

Banks - Regional 31.2%

3Y Alpha vs SPY

-4.5%

Period ended 3 months ago

Filed Apr 23, 2026 · 53d

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

+58.4%

SPY

+77.5%

Annualised alpha

-4.5%

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

39 positions · $58,937,188 total · Financial Services only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CLSK	Cleanspark, Inc. Financial Services	NEW	11,550	NEW	$98,290	NEW	0.17%
USB	US Bancorp De Financial Services	Held	4,857	0	$252,612	−2.5%	0.43%
ZION	Zions Bancorporation, National Association /Ut/ Financial Services	Held	5,050	0	$290,981	−1.6%	0.49%
CINF	Cincinnati Financial Corp Financial Services	Held	1,900	0	$298,965	−3.7%	0.51%
TRV	Travelers Companies, Inc. Financial Services	Held	1,125	0	$328,140	+0.6%	0.56%
V	Visa Inc. Financial Services	Held	1,580	0	$477,539	−13.8%	0.81%
NIC	Nicolet Bankshares Inc Financial Services	NEW	3,727	NEW	$553,906	NEW	0.94%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	7,165	-210	$570,405	−17.0%	0.97%
AXP	American Express Co Financial Services	Held	2,014	0	$609,194	−18.2%	1.03%
BANR	Banner Corp Financial Services	Reduced	11,955	-405	$725,429	−6.3%	1.23%
WSFS	Wsfs Financial Corp Financial Services	Added	11,089	+451	$725,885	+23.5%	1.23%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	15,785	-9,444	$769,518	−44.5%	1.31%
WAL	Western Alliance Bancorporation Financial Services	Reduced	11,020	-9,995	$780,767	−55.8%	1.32%
EBC	Eastern Bankshares, Inc. Financial Services	Held	41,806	0	$817,725	+6.1%	1.39%
BX	Blackstone Inc. Financial Services	Added	7,225	+6	$830,802	−25.3%	1.41%
MS	Morgan Stanley Financial Services	Held	5,593	0	$920,440	−7.3%	1.56%
MVBF	Mvb Financial Corp Financial Services	Reduced	39,918	-1,435	$991,163	−7.2%	1.68%
SYBT	Stock Yards Bancorp, Inc. Financial Services	Reduced	15,854	-1,035	$1,050,961	−4.2%	1.78%
CB	Chubb Ltd Financial Services	Reduced	3,450	-75	$1,124,458	+2.2%	1.91%
WULF	Terawulf Inc. Financial Services	Added	79,150	+7,500	$1,142,134	+38.7%	1.94%
MYFW	First Western Financial Inc Financial Services	Reduced	46,475	-1,350	$1,142,355	−10.9%	1.94%
EQBK	Equity Bancshares Inc Financial Services	Reduced	26,520	-1,925	$1,177,753	−7.3%	2.00%
C	Citigroup Inc Financial Services	Reduced	10,856	-3,381	$1,231,178	−25.9%	2.09%
QCRH	Qcr Holdings Inc Financial Services	Reduced	14,955	-200	$1,277,904	+1.2%	2.17%
IREN	IREN Ltd Financial Services	Added	49,045	+3,715	$1,681,262	−1.8%	2.85%
BWB	Bridgewater Bancshares Inc Financial Services	Reduced	96,685	-625	$1,711,324	+0.3%	2.90%
OMF	OneMain Holdings, Inc. Financial Services	Reduced	32,781	-25	$1,753,455	−20.9%	2.98%
CASH	Pathward Financial, Inc. Financial Services	Reduced	20,185	-1,455	$1,801,107	+17.2%	3.06%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	6,245	-245	$1,837,029	−12.2%	3.12%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	4,430	0	$2,122,856	−4.7%	3.60%
BANC	Banc Of California, Inc. Financial Services	Reduced	121,420	-3,175	$2,134,563	−11.2%	3.62%
FLG	Flagstar Bank, National Association Financial Services	Added	167,615	+18,810	$2,207,489	+17.8%	3.75%
MCB	Metropolitan Bank Holding Corp. Financial Services	Reduced	27,826	-271	$2,317,627	+8.0%	3.93%
EGBN	Eagle Bancorp Inc Financial Services	Added	107,517	+8,837	$2,673,947	+26.5%	4.54%
ALRS	Alerus Financial Corp Financial Services	Reduced	113,141	-700	$2,682,573	+4.6%	4.55%
CUBI	Customers Bancorp, Inc. Financial Services	Reduced	39,754	-826	$2,759,325	−7.0%	4.68%
COLB	Columbia Banking System, Inc. Financial Services	Reduced	105,752	-4,325	$2,900,777	−5.7%	4.92%
TFIN	Triumph Financial, Inc. Financial Services	Reduced	70,423	-2,525	$4,201,436	−8.0%	7.13%
TBBK	Bancorp, Inc. Financial Services	Reduced	148,221	-5,240	$7,963,914	−23.1%	13.51%