Sippican Capital Advisors

CIK

1557406

Location

BOSTON, MA

Portfolio Value

Micro $2,556,871

Diversification

Diversified

Filing Date

Global Rank

#5,018 / 8,586 ▲ 107

Top Industry

Banks - Regional 31.2%

3Y Alpha vs SPY

-4.6%

Period ended 3 months ago

Filed Apr 23, 2026 · 54d

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

+58.7%

SPY

+78.1%

Annualised alpha

-4.6%

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

2 positions · $2,556,871 total · Real Estate 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	History
IRM	Iron Mountain Inc Real Estate	Reduced	22,727	-550	$2,321,335	+20.2%	90.79%
MRP	Millrose Properties, Inc. Real Estate	Reduced	8,412	-359	$235,536	−10.1%	9.21%