Q1 2026 · 13F-HR
Cutler Capital Management, LLCholdings as filed
Filed 2026-05-15 · accession 0001353098-26-000003
$369.9M
Reported value
116
Positions
2026-03-31
Period end
The Brief · Cutler Capital Management, LLC · Q1 2026
AI · grounded in 13F
Cutler Capital Management, LLC established a new position in [[stock:BAC 7.25 PERP L]] valued at $3.99M. The fund also opened a new position in LXP worth $2.5M and increased its stake in SIRIUS XM HLDNGS by 47.77%. Conversely, the fund closed several positions, including LXPUSD for $2.68M, DUKE ENERGY for $2.14M, and [[stock:EPR 5.75 PERP C]] for $1.81M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 008474108 | AEM | AGNICO-EAGLE | $24.1M | 6.51% | 118,598 | Common | NONE |
| 59156R108 | MET | METLIFE INC | $12.4M | 3.36% | 175,759 | Common | NONE |
| 22948Q101 | CTO | CTO REALTY GRW | $12.2M | 3.30% | 659,370 | Common | NONE |
| 887098101 | TSBK | TIMBERLAND BANC | $11.5M | 3.10% | 291,202 | Common | NONE |
| 301227203 | EXSR | EXCHANGE BANK | $11.0M | 2.98% | 75,781 | Common | NONE |
| 780259305 | SHEL | SHELL PLC | $10.3M | 2.78% | 110,701 | Common | NONE |
| H11356104 | BG | BUNGE LIMITED | $10.1M | 2.73% | 79,360 | Common | NONE |
| 316092402 | FENY | FIDELITY CVNGTN | $9.1M | 2.46% | 267,315 | Common | NONE |
| 700885106 | PKBK | PARKE BANCORP | $9.0M | 2.44% | 317,426 | Common | NONE |
| 319390100 | FBIZ | FIRST BUSINESS | $8.3M | 2.25% | 154,590 | Common | SOLE |
| 78408D105 | SBFG | SB FINANCIAL | $8.2M | 2.22% | 390,137 | Common | NONE |
| 531229ap7 | — | SIRIUS XM HLDNGS | $7.5M | 2.03% | 7,223,000 | Common | NONE |
| 29273V100 | ET | ENERGY TRANSFER | $7.3M | 1.97% | 377,198 | Common | NONE |
| 69352pas2 | — | PPL CAPITAL | $7.3M | 1.97% | 6,210,000 | Common | NONE |
| 92343V104 | VZ | VERIZON COMM | $7.1M | 1.92% | 141,366 | Common | NONE |
| 58933Y105 | MRK | MERCK&CO INC | $7.0M | 1.90% | 58,396 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $7.0M | 1.89% | 248,771 | Common | NONE |
| 45781mad3 | — | INNOVIVA INC | $6.8M | 1.84% | 6,320,000 | Common | NONE |
| 743312ad2 | — | PROGRESS SOFTWARE | $6.7M | 1.81% | 7,545,000 | Common | NONE |
| 08160E207 | BMBN | BENCHMARK BANK | $6.3M | 1.70% | 173,082 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $6.2M | 1.67% | 456,272 | Common | NONE |
| 063907208 | BORT | BANK BOTETOURT | $5.8M | 1.56% | 122,465 | Common | SOLE |
| 523338101 | LFGP | LEDYARD FINAN | $5.7M | 1.55% | 335,696 | Common | NONE |
| 16517A109 | CPKF | CHESPKE FINAN | $5.7M | 1.54% | 178,500 | Common | SOLE |
| 37954A303 | XRN | CHIRON RL ESTTE | $5.7M | 1.54% | 172,211 | Common | NONE |
| 925652109 | VICI | VICI PRPTY | $5.5M | 1.50% | 202,685 | Common | NONE |
| 32106V107 | FXNC | FIRST NATL VA | $5.5M | 1.49% | 204,109 | Common | SOLE |
| 49446r687 | — | KIMCO REALTY | $5.4M | 1.45% | 89,943 | Common | NONE |
| 737643106 | PTBS | POTOMAC BANC | $4.6M | 1.23% | 231,015 | Common | SOLE |
| 588538108 | MFGI | MERCHANTS FINL | $4.5M | 1.20% | 126,950 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $4.4M | 1.20% | 17,500 | PUT | SOLE |
| 665531aj8 | — | NORTHERN OIL | $4.3M | 1.17% | 3,950,000 | Common | NONE |
| 962166104 | WY | WEYERHAEUSER | $4.3M | 1.15% | 174,110 | Common | NONE |
| 12628R107 | CSBB | CSB BANCORP | $4.2M | 1.12% | 66,563 | Common | SOLE |
| 30237P106 | FMBM | F&M BANK CORP | $4.1M | 1.12% | 135,864 | Common | SOLE |
| 060505682 | BAC 7.25 PERP L | BANK AMERICA CORP | $4.0M | 1.08% | 3,355 | Common | NONE |
| 30325F101 | FSBH | FSBH CORP | $3.8M | 1.04% | 240,000 | Common | SOLE |
| 203937107 | CWBC | CMNTY WST BANC | $3.8M | 1.02% | 162,590 | Common | NONE |
| G7738W106 | SFL | SFL CORP LTD | $3.6M | 0.97% | 330,892 | Common | NONE |
| 92189F643 | MOAT | VE WIDE MOAT | $3.6M | 0.96% | 36,753 | Common | NONE |
| 03784Y200 | APLE | APPLE HOPTLY | $3.5M | 0.94% | 300,670 | Common | NONE |
| 594918954 | — | MICROSOFT CORP | $3.3M | 0.90% | 9,000 | PUT | SOLE |
| 01446U103 | ALRS | ALERUS FINAN | $3.2M | 0.87% | 136,470 | Common | NONE |
| 472145af8 | — | JAZZ INVEST | $3.1M | 0.84% | 2,565,000 | Common | NONE |
| 531229aq5 | — | LIBERTY MEDIA | $2.7M | 0.72% | 2,300,000 | Common | NONE |
| 013091103 | ACI | ALBERTSONS COS | $2.6M | 0.69% | 149,662 | Common | NONE |
| 806857108 | SLB | SCHLUMBERGER | $2.5M | 0.68% | 49,054 | Common | NONE |
| 529043408 | LXP | LXP INDUSTRIAL | $2.5M | 0.68% | 54,115 | Common | NONE |
| 03076K108 | ABCB | AMERIS BANCORP | $2.5M | 0.67% | 31,859 | Common | NONE |
| 026874784 | AIG | AMERICAN INTL | $2.5M | 0.67% | 33,000 | Common | SOLE |
| 29272W109 | ENR | ENERGIZER HLDNG | $2.5M | 0.67% | 149,905 | Common | NONE |
| 40416E103 | HCI | HCI GROUP INC | $2.3M | 0.63% | 15,104 | Common | NONE |
| 084680107 | BBT | BEACON FINANCIAL | $2.3M | 0.63% | 77,238 | Common | SOLE |
| 319835104 | FCCO | FIRST CMNTY SC | $2.2M | 0.60% | 76,500 | Common | SOLE |
| 64944p307 | — | FLAGSTAR FNCL | $2.2M | 0.59% | 56,093 | Common | NONE |
| 665531307 | NOG | NORTHERN OIL | $2.2M | 0.58% | 73,609 | Common | NONE |
| 974637af7 | — | WINNEBAGO INDS | $2.1M | 0.57% | 2,345,000 | Common | NONE |
| 92189F106 | GDX | VE GOLD MINERS | $2.0M | 0.55% | 22,107 | Common | NONE |
| 922908363 | VOO | VGRD S&P 500 | $1.9M | 0.51% | 3,177 | Common | NONE |
| N20944109 | CNH | CNH INDUSTRIAL | $1.9M | 0.51% | 169,938 | Common | NONE |
| 00206R102 | T | AT&T INC | $1.8M | 0.49% | 62,256 | Common | SOLE |
| 03209rab9 | — | AMPHASTAR PHARMA | $1.8M | 0.47% | 1,940,000 | Common | NONE |
| 902494103 | TSN | TYSON FOODS | $1.7M | 0.47% | 27,007 | Common | SOLE |
| 29786aal0 | — | ETSY INC BOND | $1.7M | 0.47% | 1,855,000 | Common | NONE |
| 405024ad2 | — | HAEMONETICS CORP | $1.7M | 0.45% | 1,750,000 | Common | NONE |
| 317585404 | FISI | FINANCIAL INST | $1.6M | 0.42% | 49,428 | Common | SOLE |
| 711040105 | PFIS | PEOPLES FIN SERV | $1.5M | 0.41% | 28,748 | Common | NONE |
| 163072ac5 | — | CHEESECAKE FACTORY INC | $1.5M | 0.41% | 1,500,000 | Common | NONE |
| 501812ab7 | — | LCI INDS CONV | $1.4M | 0.39% | 1,442,000 | Common | NONE |
| 695127aj9 | — | PACIRA BIOSCIENCE | $1.4M | 0.38% | 1,475,000 | Common | NONE |
| 05990K106 | BANC | BANC CALIFORNIA | $1.4M | 0.38% | 79,550 | Common | SOLE |
| 83441Q105 | SOBS | SOLVAY BANK | $1.1M | 0.29% | 37,522 | Common | SOLE |
| 17316V104 | CZBT | CITIZENS BANC VA | $1.1M | 0.29% | 28,525 | Common | SOLE |
| 464288778 | IAT | ISHARES US REGIO | $969,120 | 0.26% | 18,000 | Common | SOLE |
| 85571bba2 | — | STARWOOD PPTY | $925,015 | 0.25% | 910,000 | Common | NONE |
| 95766R104 | WIW | WESTERN OPP FUND | $897,536 | 0.24% | 106,092 | Common | NONE |
| 46131M106 | VGM | INVESCO MUNI | $849,978 | 0.23% | 86,117 | Common | NONE |
| 928298ar9 | — | VISHAY INTERT | $786,790 | 0.21% | 820,000 | Common | NONE |
| 410120109 | HWC | HANCOCK WHITNEY | $693,008 | 0.19% | 10,898 | Common | NONE |
| 459506101 | IFF | INTL FLAVORS | $685,665 | 0.19% | 9,451 | Common | NONE |
| 55261F104 | MTB | M&T BANK CORP | $669,426 | 0.18% | 3,238 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHA | $637,336 | 0.17% | 1,330 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $609,300 | 0.16% | 1,646 | Common | NONE |
| 33736Q104 | QABA | FT NAS CMTY BNK | $594,496 | 0.16% | 10,207 | Common | NONE |
| 84472E102 | SSB | SOUTHSTATE CORP | $532,424 | 0.14% | 5,755 | Common | NONE |
| 011532108 | AGI | ALAMOS GOLD | $480,821 | 0.13% | 10,822 | Common | NONE |
| 464287663 | IUSV | IS S&P US VALUE | $465,238 | 0.13% | 4,550 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $441,330 | 0.12% | 3,000 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $416,493 | 0.11% | 1,915 | Common | NONE |
| 501044101 | KR | KROGER CO COM | $358,517 | 0.10% | 4,955 | Common | NONE |
| 83056P715 | SKE | SKEENA | $353,074 | 0.10% | 11,880 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE | $349,462 | 0.09% | 1,188 | Common | NONE |
| 012653200 | ALB 7.25 03/01/27 | ALBEMARLE CORP | $335,899 | 0.09% | 4,675 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $329,831 | 0.09% | 1,147 | Common | NONE |
| 811707801 | SBCF | SEACOAST BANKIN | $327,928 | 0.09% | 10,826 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 | $312,929 | 0.08% | 481 | Common | NONE |
| 30040W108 | ES | EVERSOURCE | $294,232 | 0.08% | 4,247 | Common | NONE |
| 70509vaa8 | — | PEBBLEBRK HOTEL | $292,206 | 0.08% | 300,000 | Common | NONE |
| 316092295 | FFSM | FIDELITY FNDMNTL | $259,594 | 0.07% | 8,125 | Common | NONE |
| 353525108 | FRAF | FRANKLIN FINANC | $224,752 | 0.06% | 4,400 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL | $219,370 | 0.06% | 1,293 | Common | NONE |
| 023135106 | AMZN | AMAZON.COM | $209,311 | 0.06% | 1,005 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TRUST | $196,212 | 0.05% | 456 | Common | NONE |
| 422704106 | HL | HECLA MINING CO | $186,300 | 0.05% | 10,000 | Common | NONE |
| 26942G100 | EBMT | EAGLE BANCORP | $185,220 | 0.05% | 9,000 | Common | NONE |
| 26441C204 | DUK | DUK ENRGY | $154,902 | 0.04% | 1,183 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICOND | $153,767 | 0.04% | 455 | Common | NONE |
| 459200101 | IBM | INTL BUS MACHINE | $148,100 | 0.04% | 611 | Common | NONE |
| 46428Q109 | SLV | ISHARES SILVER | $138,869 | 0.04% | 2,038 | Common | NONE |
| 393657am3 | — | GREENBRIER COS | $134,948 | 0.04% | 117,000 | Common | NONE |
| 46090E103 | QQQ | INV QQQ TRUST | $131,765 | 0.04% | 228 | Common | NONE |
| 40637had1 | — | HALOZYME THERAP | $114,057 | 0.03% | 110,000 | Common | NONE |
| 548661107 | LOW | LOWE'S COS INC | $111,760 | 0.03% | 473 | Common | NONE |
| 92189F122 | MOTG | VE GLBL WIDE MT | $108,396 | 0.03% | 2,925 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $107,573 | 0.03% | 375 | Common | NONE |
| G51502105 | JCI | JOHNSON CONTROL | $104,760 | 0.03% | 800 | 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.