CUTLER CAPITAL MANAGEMENT, LLC

Filed: 8/11/2023ACC: 0001353098-23-000005

📋 What this filing means

CUTLER CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 99 equity positions with a total reported market value of $171.50M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$171.50M

Total AUM (reported)

15.31M

Total Shares

Allocation by class

COM$144.07M84.0%

PFD$12.77M7.4%

DEB$7.86M4.6%

ADR SHARES$3.79M2.2%

PARTENRSHIP SHARES$2.56M1.5%

COM CLASS B$455.6K0.3%

Portfolio Concentration

Top 3$19.52M11.4%

4–10$34.07M19.9%

11–25$47.06M27.4%

Rest$70.84M41.3%

Top 3 weight

11.4%

Top 10 weight

31.3%

Voting Authority Distribution

Total shares with voting rights: 15.31M

Sole

Full voting authority

3.92M

% of voting shares25.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

11.40M

% of voting shares74.4%

Investment Discretion (by position count)

Sole99

Shared0

Other0

Dominant voting typeNone · 74.4% of voting shares

Institutional Holdings99

Rows:

METLIFE

SOLE

COM

Shares131.57K

TypeSH

Market value$7.44M

4.34%

Sole

54K

Shared

0.00

None

77.58K

BUNGE LIMITED

SOLE

COM

Shares64.41K

TypeSH

Market value$6.08M

3.54%

Sole

26K

Shared

0.00

None

38.41K

TIMBERLAND BANK

SOLE

COM

Shares234.89K

TypeSH

Market value$6.01M

3.50%

Sole

92K

Shared

0.00

None

142.89K

PFIZER

SOLE

COM

Shares157.25K

TypeSH

Market value$5.77M

3.36%

Sole

55.60K

Shared

0.00

None

101.65K

EXCHANGE BANK

SOLE

COM

Shares60.30K

TypeSH

Market value$5.49M

3.20%

Sole

23.60K

Shared

0.00

None

36.70K

AGNICO EAGLE

SOLE

COM

Shares109.34K

TypeSH

Market value$5.46M

3.19%

Sole

30K

Shared

0.00

None

79.34K

MERCK

SOLE

COM

Shares43.62K

TypeSH

Market value$5.03M

2.93%

Sole

13.30K

Shared

0.00

None

30.32K

FIDELITY ENERGY ETF

SOLE

COM

Shares188.83K

TypeSH

Market value$4.18M

2.44%

Sole

71K

Shared

0.00

None

117.83K

PARKE BANCORP

SOLE

COM

Shares242.62K

TypeSH

Market value$4.12M

2.40%

Sole

106K

Shared

0.00

None

136.62K

ENERGIZER

SOLE

COM

Shares119.52K

TypeSH

Market value$4.01M

2.34%

Sole

44K

Shared

0.00

None

75.52K

WEYERHAEUSER

SOLE

COM

Shares119.75K

TypeSH

Market value$4.01M

2.34%

Sole

40K

Shared

0.00

None

79.75K

SB FINANCIAL

SOLE

COM

Shares312.33K

TypeSH

Market value$3.94M

2.30%

Sole

132.81K

Shared

0.00

None

179.52K

SHELL PLC

SOLE

ADR SHARES

Shares62.74K

TypeSH

Market value$3.79M

2.21%

Sole

25K

Shared

0.00

None

37.74K

LEDYARD FINANCIAL

SOLE

COM

Shares238.08K

TypeSH

Market value$3.29M

1.92%

Sole

139K

Shared

0.00

None

99.08K

INTL FLAVORS

SOLE

COM

Shares40.91K

TypeSH

Market value$3.26M

1.90%

Sole

10K

Shared

0.00

None

30.91K

VIATRIS INC

SOLE

COM

Shares320.74K

TypeSH

Market value$3.20M

1.87%

Sole

66K

Shared

0.00

None

254.74K

NY COMM BANC

SOLE

PFD

Shares76.69K

TypeSH

Market value$3.10M

1.81%

Sole

0.00

Shared

0.00

None

76.69K

RPT REALTY

SOLE

PFD

Shares62.95K

TypeSH

Market value$3.08M

1.80%

Sole

28K

Shared

0.00

None

34.95K

FIRST BUSINESS

SOLE

COM

Shares104.17K

TypeSH

Market value$3.07M

1.79%

Sole

94.50K

Shared

0.00

None

9.68K

BANK BOTETOURT

SOLE

COM

Shares100.64K

TypeSH

Market value$2.92M

1.70%

Sole

81K

Shared

0.00

None

19.64K

GLOBAL MEDICAL

SOLE

COM

Shares307.27K

TypeSH

Market value$2.81M

1.64%

Sole

150K

Shared

0.00

None

157.27K

VERIZON

SOLE

COM

Shares73.62K

TypeSH

Market value$2.74M

1.60%

Sole

0.00

Shared

0.00

None

73.62K

COMMUNITY WEST

SOLE

COM

Shares218.38K

TypeSH

Market value$2.65M

1.55%

Sole

173K

Shared

0.00

None

45.38K

F&M BANCORP

SOLE

COM

Shares133.91K

TypeSH

Market value$2.63M

1.53%

Sole

82.50K

Shared

0.00

None

51.41K

VICI PRPTY

SOLE

COM

Shares81.88K

TypeSH

Market value$2.57M

1.50%

Sole

45K

Shared

0.00

None

36.88K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
METLIFESOLE	COM	131.57K	SH	$7.44M 4.34%	54K	77.58K
BUNGE LIMITEDSOLE	COM	64.41K	SH	$6.08M 3.54%	26K	38.41K
TIMBERLAND BANKSOLE	COM	234.89K	SH	$6.01M 3.50%	92K	142.89K
PFIZERSOLE	COM	157.25K	SH	$5.77M 3.36%	55.60K	101.65K
EXCHANGE BANKSOLE	COM	60.30K	SH	$5.49M 3.20%	23.60K	36.70K
AGNICO EAGLESOLE	COM	109.34K	SH	$5.46M 3.19%	30K	79.34K
MERCKSOLE	COM	43.62K	SH	$5.03M 2.93%	13.30K	30.32K
FIDELITY ENERGY ETFSOLE	COM	188.83K	SH	$4.18M 2.44%	71K	117.83K
PARKE BANCORPSOLE	COM	242.62K	SH	$4.12M 2.40%	106K	136.62K
ENERGIZERSOLE	COM	119.52K	SH	$4.01M 2.34%	44K	75.52K
WEYERHAEUSERSOLE	COM	119.75K	SH	$4.01M 2.34%	40K	79.75K
SB FINANCIALSOLE	COM	312.33K	SH	$3.94M 2.30%	132.81K	179.52K
SHELL PLCSOLE	ADR SHARES	62.74K	SH	$3.79M 2.21%	25K	37.74K
LEDYARD FINANCIALSOLE	COM	238.08K	SH	$3.29M 1.92%	139K	99.08K
INTL FLAVORSSOLE	COM	40.91K	SH	$3.26M 1.90%	10K	30.91K
VIATRIS INCSOLE	COM	320.74K	SH	$3.20M 1.87%	66K	254.74K
NY COMM BANCSOLE	PFD	76.69K	SH	$3.10M 1.81%	0.00	76.69K
RPT REALTYSOLE	PFD	62.95K	SH	$3.08M 1.80%	28K	34.95K
FIRST BUSINESSSOLE	COM	104.17K	SH	$3.07M 1.79%	94.50K	9.68K
BANK BOTETOURTSOLE	COM	100.64K	SH	$2.92M 1.70%	81K	19.64K
GLOBAL MEDICALSOLE	COM	307.27K	SH	$2.81M 1.64%	150K	157.27K
VERIZONSOLE	COM	73.62K	SH	$2.74M 1.60%	0.00	73.62K
COMMUNITY WESTSOLE	COM	218.38K	SH	$2.65M 1.55%	173K	45.38K
F&M BANCORPSOLE	COM	133.91K	SH	$2.63M 1.53%	82.50K	51.41K
VICI PRPTYSOLE	COM	81.88K	SH	$2.57M 1.50%	45K	36.88K

Page 1 of 4