Q1 2025 · 13F-HR
Cutler Capital Management, LLCholdings as filed
Filed 2025-05-14 · accession 0001353098-25-000004
$287.5M
Reported value
117
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 008474108 | AEM | AGNICO-EAGLE | $14.6M | 5.09% | 134,972 | Common | NONE |
| 59156R108 | MET | METLIFE INC | $13.3M | 4.64% | 166,181 | Common | NONE |
| 887098101 | TSBK | TIMBERLAND BANC | $9.0M | 3.13% | 298,801 | Common | NONE |
| 210226AD8 | CTO 3.875 04/15/25 * | CTO REALTY | $8.4M | 2.94% | 6,049,000 | Common | SOLE |
| 301227203 | EXSR | EXCHANGE BANK | $8.3M | 2.88% | 76,054 | Common | NONE |
| 78408D105 | SBFG | SB FINANCIAL | $8.2M | 2.84% | 392,556 | Common | NONE |
| 780259305 | SHEL | SHELL PLC | $8.1M | 2.83% | 111,056 | Common | NONE |
| 29273V100 | ET | ENERGY TRANSFER | $7.7M | 2.69% | 416,471 | Common | NONE |
| 319390100 | FBIZ | FIRST BUSINESS | $7.3M | 2.55% | 155,399 | Common | SOLE |
| 69352pas2 | — | PPL CAPITAL | $7.1M | 2.48% | 6,380,000 | Common | NONE |
| 316092402 | FENY | FIDELITY CVNGTN | $6.7M | 2.34% | 263,510 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $6.3M | 2.21% | 250,397 | Common | NONE |
| H11356104 | BG | BUNGE LIMITED | $6.2M | 2.15% | 80,750 | Common | NONE |
| 472145af8 | — | JAZZ INVEST | $6.0M | 2.08% | 5,780,000 | Common | NONE |
| 700885106 | PKBK | PARKE BANCORP | $5.8M | 2.02% | 308,932 | Common | NONE |
| 49446r687 | — | KIMCO REALTY | $5.5M | 1.90% | 90,923 | Common | NONE |
| 925652109 | VICI | VICI PRPTY | $5.4M | 1.87% | 165,232 | Common | NONE |
| 58933Y105 | MRK | MERCK&CO INC | $5.2M | 1.80% | 57,731 | Common | NONE |
| 523338101 | LFGP | LEDYARD FINAN | $5.1M | 1.76% | 326,121 | Common | NONE |
| 962166104 | WY | WEYERHAEUSER | $4.7M | 1.62% | 158,888 | Common | NONE |
| 32106V107 | FXNC | FIRST NATL VA | $4.6M | 1.58% | 202,785 | Common | SOLE |
| 45781mad3 | — | INNOVIVA INC | $4.2M | 1.47% | 4,395,000 | Common | NONE |
| 08160E207 | BMBN | BENCHMARK BANK | $4.2M | 1.46% | 167,800 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $4.0M | 1.41% | 464,910 | Common | NONE |
| 37954A204 | GMREUSD | GLOBAL MEDICAL | $4.0M | 1.39% | 457,038 | Common | NONE |
| 92343V104 | VZ | VERIZON COMM | $4.0M | 1.39% | 88,135 | Common | NONE |
| N20944109 | CNH | CNH INDUSTRIAL | $4.0M | 1.39% | 324,859 | Common | NONE |
| 22948Q101 | CTO | CTO REALTY GROW | $3.7M | 1.29% | 191,892 | Common | NONE |
| 64944p307 | — | FLAGSTAR FNCL | $3.7M | 1.27% | 98,312 | Common | NONE |
| 03784Y200 | APLE | APPLE HOPTLY | $3.6M | 1.26% | 280,870 | Common | NONE |
| 063907208 | BORT | BANK BOTETOURT | $3.5M | 1.21% | 104,474 | Common | SOLE |
| 737643106 | PTBS | POTOMAC BANC | $3.4M | 1.19% | 211,168 | Common | SOLE |
| 16517A109 | CPKF | CHESPKE FINAN | $3.3M | 1.15% | 173,000 | Common | SOLE |
| 12628R107 | CSBB | CSB BANCORP | $3.0M | 1.06% | 69,000 | Common | SOLE |
| 203937107 | CWBC | CMNTY WST BANC | $3.0M | 1.04% | 162,061 | Common | NONE |
| 01446U103 | ALRS | ALERUS FINAN | $2.9M | 1.02% | 158,972 | Common | NONE |
| 531229aq5 | — | LIBERTY MEDIA | $2.9M | 1.01% | 2,395,000 | Common | NONE |
| 013091103 | ACI | ALBERTSONS COS | $2.9M | 1.01% | 131,762 | Common | NONE |
| 026874784 | AIG | AMERICAN INTL | $2.9M | 0.99% | 32,800 | Common | SOLE |
| 401617AF2 | GES 3.75 04/15/28 | GUESS INC | $2.8M | 0.98% | 3,075,000 | Common | NONE |
| G7738W106 | SFL | SFL CORP LTD | $2.8M | 0.97% | 340,289 | Common | NONE |
| 29272W109 | ENR | ENERGIZER HLDNG | $2.7M | 0.95% | 91,042 | Common | NONE |
| 30237P106 | FMBM | F&M BANK CORP | $2.6M | 0.92% | 136,814 | Common | SOLE |
| 529043101 | LXPUSD | LXP INDUSTRIAL | $2.4M | 0.82% | 272,284 | Common | NONE |
| 26441cby0 | — | DUKE ENERGY | $2.3M | 0.81% | 2,145,000 | Common | NONE |
| 345370cz1 | — | FORD MOTOR CO | $2.3M | 0.80% | 2,350,000 | Common | NONE |
| 588538108 | MFGI | MERCHANTS FINL | $2.3M | 0.79% | 93,700 | Common | SOLE |
| 40416eaf0 | — | HCI GROUP INC | $2.2M | 0.78% | 1,205,000 | Common | NONE |
| 92189F643 | MOAT | VE WIDE MOAT | $2.0M | 0.70% | 22,743 | Common | NONE |
| 03076K108 | ABCB | AMERIS BANCORP | $1.9M | 0.68% | 33,759 | Common | NONE |
| 26884U208 | EPR 5.75 PERP C | EPR PRPTY | $1.9M | 0.66% | 82,745 | Common | SOLE |
| 83441Q105 | SOBS | SOLVAY BANK | $1.9M | 0.65% | 63,257 | Common | SOLE |
| 00206R102 | T | AT&T INC | $1.8M | 0.64% | 65,344 | Common | SOLE |
| 29786aal0 | — | ETSY INC BOND | $1.7M | 0.60% | 1,980,000 | Common | NONE |
| 319835104 | FCCO | FIRST CMNTY SC | $1.7M | 0.60% | 76,500 | Common | SOLE |
| 902494103 | TSN | TYSON FOODS | $1.7M | 0.58% | 26,251 | Common | SOLE |
| 30325F101 | FSBH | FSBH CORP | $1.5M | 0.52% | 210,000 | Common | SOLE |
| 531229ap7 | — | LIBERTY MEDIA | $1.5M | 0.50% | 1,400,000 | Common | NONE |
| 56064Y100 | MNSB | MAINSTREET BANC | $1.4M | 0.50% | 86,297 | Common | NONE |
| 501812ab7 | — | LCI INDS CONV | $1.4M | 0.48% | 1,420,000 | Common | NONE |
| 743312ad2 | — | PROGRESS SOFTWARE CORP | $1.4M | 0.47% | 1,300,000 | Common | NONE |
| 711040105 | PFIS | PEOPLES FIN SERV | $1.2M | 0.43% | 27,948 | Common | NONE |
| 92189F106 | GDX | VE GOLD MINERS | $1.2M | 0.43% | 26,752 | Common | NONE |
| 317585404 | FISI | FINANCIAL INST | $1.2M | 0.41% | 47,025 | Common | SOLE |
| 05990K106 | BANC | BANC CALIFORNIA | $1.1M | 0.38% | 77,750 | Common | SOLE |
| 26942G100 | EBMT | EAGLE BANCORP | $1.0M | 0.36% | 62,405 | Common | SOLE |
| 018802ac2 | — | ALLIANT ENERGY | $1.0M | 0.36% | 965,000 | Common | NONE |
| 85571bba2 | — | STARWOOD PPTY | $1.0M | 0.36% | 975,000 | Common | NONE |
| 922908363 | VOO | VGRD S&P 500 | $1.0M | 0.35% | 1,977 | Common | NONE |
| 009066ab7 | — | AIRBNB INC BOND | $944,955 | 0.33% | 990,000 | Common | NONE |
| 46131M106 | VGM | INVESCO MUNI | $857,728 | 0.30% | 86,117 | Common | NONE |
| 459506101 | IFF | INTL FLAVORS | $807,139 | 0.28% | 10,400 | Common | NONE |
| 95766R104 | WIW | WESTERN OPP FUND | $796,949 | 0.28% | 90,665 | Common | NONE |
| 928298ar9 | — | VISHAY INTERT | $763,363 | 0.27% | 865,000 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHA | $708,331 | 0.25% | 1,330 | Common | NONE |
| 806857108 | SLB | SCHLUMBERGER | $704,073 | 0.24% | 16,844 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $669,279 | 0.23% | 1,783 | Common | NONE |
| 16115q407 | — | CHART INDS INC | $646,834 | 0.22% | 11,810 | Common | NONE |
| 05990k841 | — | BANC OF CALIF | $578,840 | 0.20% | 23,200 | Common | NONE |
| 410120109 | HWC | HANCOCK WHITNEY | $571,604 | 0.20% | 10,898 | Common | NONE |
| 55261F104 | MTB | M&T BANK CORP | $568,304 | 0.20% | 3,179 | Common | NONE |
| 17316V104 | CZBT | CITIZENS BANC VA | $552,825 | 0.19% | 20,250 | Common | SOLE |
| 840441109 | SSBUSD | SOUTHSTATE CORP | $527,914 | 0.18% | 5,688 | Common | NONE |
| 03209rab9 | — | AMPHASTAR PHARMA | $456,748 | 0.16% | 515,000 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $443,973 | 0.15% | 2,119 | Common | NONE |
| 464287663 | IUSV | IS S&P US VALUE | $421,488 | 0.15% | 4,567 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $419,430 | 0.15% | 3,000 | Common | NONE |
| 33736Q104 | QABA | FT NAS CMTY BNK | $413,462 | 0.14% | 7,909 | Common | NONE |
| G21810109 | CLVT | CLARIVATE PLC | $405,490 | 0.14% | 103,178 | Common | NONE |
| 629377cg5 | — | NRG ENERGY | $395,738 | 0.14% | 170,000 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 | $371,685 | 0.13% | 664 | Common | NONE |
| 501044101 | KR | KROGER CO COM | $349,394 | 0.12% | 5,162 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE | $321,343 | 0.11% | 1,310 | Common | NONE |
| 70509vaa8 | — | PEBBLEBRK HOTEL | $280,350 | 0.10% | 300,000 | Common | NONE |
| 811707801 | SBCF | SEACOAST BANKIN | $278,560 | 0.10% | 10,826 | Common | NONE |
| 30212pbe4 | — | EXPEDIA GROUP | $241,325 | 0.08% | 245,000 | Common | NONE |
| 023135106 | AMZN | AMAZON.COM | $214,043 | 0.07% | 1,125 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $190,053 | 0.07% | 1,229 | Common | NONE |
| 012653200 | ALB 7.25 03/01/27 | ALBEMARLE CORP | $182,706 | 0.06% | 5,125 | Common | NONE |
| 928298ap3 | — | VISHAY INTERT | $160,523 | 0.06% | 164,000 | Common | NONE |
| 353525108 | FRAF | FRANKLIN FINANC | $155,980 | 0.05% | 4,400 | Common | NONE |
| 011532108 | AGI | ALAMOS GOLD | $155,948 | 0.05% | 5,832 | Common | NONE |
| 459200101 | IBM | INTL BUS MACHINE | $151,931 | 0.05% | 611 | Common | NONE |
| G51502105 | JCI | JOHNSON CONTROL | $147,563 | 0.05% | 1,842 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL | $145,689 | 0.05% | 1,225 | Common | NONE |
| 26441C204 | DUK | DUK ENRGY CORP | $134,777 | 0.05% | 1,105 | Common | NONE |
| 393657am3 | — | GREENBRIER COS | $129,449 | 0.05% | 117,000 | Common | NONE |
| 22160K105 | COST | COSTCO WHOLESALE | $124,843 | 0.04% | 132 | Common | NONE |
| 46090E103 | QQQ | INV QQQ TRUST | $123,795 | 0.04% | 264 | Common | NONE |
| 931142103 | WMT | WALMART INC | $121,589 | 0.04% | 1,385 | Common | NONE |
| 808524805 | SCHF | SCHWAB INTL EQUI | $118,680 | 0.04% | 6,000 | Common | NONE |
| 40637had1 | — | HALOZYME THERAP | $116,394 | 0.04% | 110,000 | Common | NONE |
| 842587107 | SO | SOUTHERN CO | $115,673 | 0.04% | 1,258 | Common | NONE |
| 464287473 | IWS | IS RUS MID VALU | $111,609 | 0.04% | 886 | Common | NONE |
| 464288661 | IEI | ISHARES 3-7 | $106,558 | 0.04% | 902 | Common | NONE |
| 464287457 | SHY | ISHARES TRUST 1-3 | $106,391 | 0.04% | 1,286 | Common | NONE |
| 548661107 | LOW | LOWE'S COS INC | $103,088 | 0.04% | 442 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.