Q2 2025 · 13F-HR
Cutler Capital Management, LLCholdings as filed
Filed 2025-08-13 · accession 0001353098-25-000005
$287.4M
Reported value
116
Positions
2025-06-30
Period end
The Brief · Cutler Capital Management, LLC · Q2 2025
AI · grounded in 13F
Cutler Capital Management, LLC established a new position in AEM valued at $15.67M. The fund also initiated new stakes in MET for $13.27M and CTO for $11.08M. Other new additions include TSBK, EXSR, and FBIZ. The fund ended the period with 116 positions and total AUM of $287.41M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 008474108 | AEM | AGNICO-EAGLE | $15.7M | 5.45% | 131,727 | Common | NONE |
| 59156R108 | MET | METLIFE INC | $13.3M | 4.62% | 164,983 | Common | NONE |
| 22948Q101 | CTO | CTO REALTY GRW | $11.1M | 3.86% | 642,054 | Common | NONE |
| 887098101 | TSBK | TIMBERLAND BANC | $9.3M | 3.24% | 298,395 | Common | NONE |
| 301227203 | EXSR | EXCHANGE BANK | $8.0M | 2.79% | 76,054 | Common | NONE |
| 319390100 | FBIZ | FIRST BUSINESS | $7.9M | 2.75% | 155,799 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $7.8M | 2.71% | 110,656 | Common | NONE |
| 78408D105 | SBFG | SB FINANCIAL | $7.5M | 2.60% | 391,983 | Common | NONE |
| 29273V100 | ET | ENERGY TRANSFER | $7.1M | 2.48% | 393,619 | Common | NONE |
| 69352pas2 | — | PPL CAPITAL | $6.8M | 2.38% | 6,330,000 | Common | NONE |
| H11356104 | BG | BUNGE LIMITED | $6.4M | 2.23% | 79,964 | Common | NONE |
| 316092402 | FENY | FIDELITY CVNGTN | $6.3M | 2.21% | 270,509 | Common | NONE |
| 700885106 | PKBK | PARKE BANCORP | $6.3M | 2.19% | 309,657 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $6.1M | 2.12% | 250,893 | Common | NONE |
| 472145af8 | — | JAZZ INVEST | $5.8M | 2.01% | 5,730,000 | Common | NONE |
| 49446r687 | — | KIMCO REALTY | $5.5M | 1.91% | 90,465 | Common | NONE |
| 925652109 | VICI | VICI PRPTY | $5.4M | 1.88% | 166,133 | Common | NONE |
| 08160E207 | BMBN | BENCHMARK BANK | $5.0M | 1.74% | 170,982 | Common | SOLE |
| 523338101 | LFGP | LEDYARD FINAN | $4.7M | 1.63% | 326,121 | Common | NONE |
| 58933Y105 | MRK | MERCK&CO INC | $4.6M | 1.60% | 58,031 | Common | NONE |
| 45781mad3 | — | INNOVIVA INC | $4.3M | 1.51% | 4,340,000 | Common | NONE |
| 92556V106 | VTRS | VIATRIS INC | $4.1M | 1.44% | 463,910 | Common | NONE |
| 962166104 | WY | WEYERHAEUSER | $4.1M | 1.42% | 159,240 | Common | NONE |
| 063907208 | BORT | BANK BOTETOURT | $4.0M | 1.38% | 112,674 | Common | SOLE |
| 32106V107 | FXNC | FIRST NATL VA | $3.9M | 1.37% | 202,785 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMM | $3.8M | 1.33% | 88,596 | Common | NONE |
| 737643106 | PTBS | POTOMAC BANC | $3.8M | 1.33% | 220,368 | Common | SOLE |
| 64944p307 | — | FLAGSTAR FNCL | $3.8M | 1.31% | 97,812 | Common | NONE |
| 16517A109 | CPKF | CHESPKE FINAN | $3.6M | 1.26% | 173,000 | Common | SOLE |
| 01446U103 | ALRS | ALERUS FINAN | $3.4M | 1.17% | 156,000 | Common | NONE |
| 03784Y200 | APLE | APPLE HOPTLY | $3.3M | 1.15% | 283,770 | Common | NONE |
| 37954A204 | GMREUSD | GLOBAL MEDICAL | $3.3M | 1.14% | 472,938 | Common | NONE |
| 203937107 | CWBC | CMNTY WST BANC | $3.2M | 1.10% | 162,061 | Common | NONE |
| 531229aq5 | — | LIBERTY MEDIA | $3.1M | 1.09% | 2,360,000 | Common | NONE |
| 12628R107 | CSBB | CSB BANCORP | $3.0M | 1.04% | 69,000 | Common | SOLE |
| 013091103 | ACI | ALBERTSONS COS | $2.9M | 1.01% | 134,687 | Common | NONE |
| 30237P106 | FMBM | F&M BANK CORP | $2.9M | 1.00% | 136,814 | Common | SOLE |
| 401617af2 | — | GUESS INC | $2.9M | 0.99% | 3,010,000 | Common | NONE |
| G7738W106 | SFL | SFL CORP LTD | $2.8M | 0.98% | 338,792 | Common | NONE |
| 026874784 | AIG | AMERICAN INTL | $2.8M | 0.98% | 32,800 | Common | SOLE |
| 531229ap7 | — | LIBERTY MEDIA | $2.6M | 0.92% | 2,538,000 | Common | NONE |
| 588538108 | MFGI | MERCHANTS FINL | $2.4M | 0.82% | 93,700 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $2.3M | 0.81% | 15,292 | Common | NONE |
| 529043101 | LXPUSD | LXP INDUSTRIAL | $2.3M | 0.79% | 276,139 | Common | NONE |
| 26441cby0 | — | DUKE ENERGY | $2.3M | 0.79% | 2,145,000 | Common | NONE |
| 29272W109 | ENR | ENERGIZER HLDNG | $2.3M | 0.79% | 112,393 | Common | NONE |
| N20944109 | CNH | CNH INDUSTRIAL | $2.2M | 0.78% | 173,563 | Common | NONE |
| 345370cz1 | — | FORD MOTOR CO | $2.2M | 0.78% | 2,275,000 | Common | NONE |
| 03076K108 | ABCB | AMERIS BANCORP | $2.2M | 0.78% | 34,459 | Common | NONE |
| 92189F643 | MOAT | VE WIDE MOAT | $2.2M | 0.75% | 23,063 | Common | NONE |
| 26884U208 | EPR 5.75 PERP C | EPR PRPTY | $2.1M | 0.71% | 81,995 | Common | SOLE |
| 00206R102 | T | AT&T INC | $1.9M | 0.66% | 65,344 | Common | SOLE |
| 319835104 | FCCO | FIRST CMNTY SC | $1.9M | 0.65% | 76,500 | Common | SOLE |
| 30325F101 | FSBH | FSBH CORP | $1.8M | 0.62% | 210,000 | Common | SOLE |
| 29786aal0 | — | ETSY INC BOND | $1.7M | 0.60% | 1,950,000 | Common | NONE |
| 30040W108 | ES | EVERSOURCE | $1.6M | 0.55% | 24,747 | Common | NONE |
| 009066ab7 | — | AIRBNB INC BOND | $1.6M | 0.55% | 1,630,000 | Common | NONE |
| 902494103 | TSN | TYSON FOODS | $1.5M | 0.53% | 27,251 | Common | SOLE |
| 743312ad2 | — | PROGRESS SOFTWARE | $1.5M | 0.52% | 1,290,000 | Common | NONE |
| 83441Q105 | SOBS | SOLVAY BANK | $1.4M | 0.50% | 49,115 | Common | SOLE |
| 711040105 | PFIS | PEOPLES FIN SERV | $1.4M | 0.48% | 27,948 | Common | NONE |
| 501812ab7 | — | LCI INDS CONV | $1.3M | 0.47% | 1,390,000 | Common | NONE |
| 92189F106 | GDX | VE GOLD MINERS | $1.3M | 0.44% | 24,452 | Common | NONE |
| 317585404 | FISI | FINANCIAL INST | $1.2M | 0.43% | 47,925 | Common | SOLE |
| 03209rab9 | — | AMPHASTAR PHARMA | $1.1M | 0.39% | 1,300,000 | Common | NONE |
| 05990K106 | BANC | BANC CALIFORNIA | $1.1M | 0.38% | 77,750 | Common | SOLE |
| 85571bba2 | — | STARWOOD PPTY | $1.0M | 0.35% | 945,000 | Common | NONE |
| 018802ac2 | — | ALLIANT ENERGY | $991,055 | 0.34% | 965,000 | Common | NONE |
| 95766R104 | WIW | WESTERN OPP FUND | $889,068 | 0.31% | 101,492 | Common | NONE |
| 922908363 | VOO | VGRD S&P 500 | $868,336 | 0.30% | 1,529 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $832,664 | 0.29% | 1,674 | Common | NONE |
| 806857108 | SLB | SCHLUMBERGER | $822,822 | 0.29% | 24,344 | Common | NONE |
| 46131M106 | VGM | INVESCO MUNI | $817,253 | 0.28% | 86,117 | Common | NONE |
| 928298ar9 | — | VISHAY INTERT | $765,225 | 0.27% | 855,000 | Common | NONE |
| 78464A854 | SPYM | SPDR PORT SP 500 | $737,804 | 0.26% | 10,150 | Common | NONE |
| 459506101 | IFF | INTL FLAVORS | $720,859 | 0.25% | 9,801 | Common | NONE |
| 16115q407 | — | CHART INDS INC | $713,324 | 0.25% | 11,810 | Common | NONE |
| 17316V104 | CZBT | CITIZENS BANC VA | $668,250 | 0.23% | 20,250 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $655,890 | 0.23% | 3,000 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHA | $646,074 | 0.22% | 1,330 | Common | NONE |
| 410120109 | HWC | HANCOCK WHITNEY | $625,549 | 0.22% | 10,898 | Common | NONE |
| 55261F104 | MTB | M&T BANK CORP | $616,757 | 0.21% | 3,179 | Common | NONE |
| 05990k841 | — | BANC OF CALIF | $603,705 | 0.21% | 25,050 | Common | NONE |
| 840441109 | SSBUSD | SOUTHSTATE CORP | $523,421 | 0.18% | 5,688 | Common | NONE |
| 464287663 | IUSV | IS S&P US VALUE | $432,175 | 0.15% | 4,567 | Common | NONE |
| G21810109 | CLVT | CLARIVATE PLC | $389,098 | 0.14% | 90,488 | Common | NONE |
| 33736Q104 | QABA | FT NAS CMTY BNK | $378,017 | 0.13% | 6,974 | Common | NONE |
| 501044101 | KR | KROGER CO COM | $370,250 | 0.13% | 5,162 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $353,977 | 0.12% | 1,907 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE | $344,413 | 0.12% | 1,188 | Common | NONE |
| 26942G100 | EBMT | EAGLE BANCORP | $316,730 | 0.11% | 19,000 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 | $311,164 | 0.11% | 504 | Common | NONE |
| 811707801 | SBCF | SEACOAST BANKIN | $299,022 | 0.10% | 10,826 | Common | NONE |
| 70509vaa8 | — | PEBBLEBRK HOTEL | $283,524 | 0.10% | 300,000 | Common | NONE |
| 023135106 | AMZN | AMAZON.COM | $246,814 | 0.09% | 1,125 | Common | NONE |
| 315948109 | FBTC | FIDELITY WISEBTC | $240,150 | 0.08% | 2,555 | Common | NONE |
| 30212pbe4 | — | EXPEDIA GROUP | $238,140 | 0.08% | 245,000 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $216,587 | 0.08% | 1,229 | Common | NONE |
| G51502105 | JCI | JOHNSON CONTROL | $194,552 | 0.07% | 1,842 | Common | NONE |
| 011532108 | AGI | ALAMOS GOLD | $181,458 | 0.06% | 6,832 | Common | NONE |
| 459200101 | IBM | INTL BUS MACHINE | $180,111 | 0.06% | 611 | Common | NONE |
| 83056P715 | SKE | SKEENA | $167,160 | 0.06% | 10,500 | Common | NONE |
| 012653200 | ALB 7.25 03/01/27 | ALBEMARLE CORP | $164,513 | 0.06% | 5,125 | Common | NONE |
| 353525108 | FRAF | FRANKLIN FINANC | $152,350 | 0.05% | 4,400 | Common | NONE |
| 808524805 | SCHF | SCHWAB INTL EQUI | $132,600 | 0.05% | 6,000 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL | $132,055 | 0.05% | 1,225 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICOND | $129,099 | 0.04% | 570 | Common | NONE |
| 26441C204 | DUK | DUK ENRGY | $128,148 | 0.04% | 1,086 | Common | NONE |
| 92189F122 | MOTG | VE GLBL WIDE MT | $124,181 | 0.04% | 2,925 | Common | NONE |
| 393657am3 | — | GREENBRIER COS | $124,172 | 0.04% | 117,000 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TRUST | $120,408 | 0.04% | 395 | Common | NONE |
| 46090E103 | QQQ | INV QQQ TRUST | $119,403 | 0.04% | 216 | Common | NONE |
| 464287473 | IWS | IS RUS MID VALU | $117,076 | 0.04% | 886 | Common | NONE |
| 40637had1 | — | HALOZYME THERAP | $109,313 | 0.04% | 110,000 | Common | NONE |
| 464287457 | SHY | ISHARES TRUST 1-3 | $106,558 | 0.04% | 1,286 | Common | NONE |
| 46137V357 | RSP | INVESCO S&P 500 | $101,774 | 0.04% | 560 | 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.