CUTLER CAPITAL MANAGEMENT, LLC

Filed: 11/13/2023ACC: 0001353098-23-000008

📋 What this filing means

CUTLER CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 111 equity positions with a total reported market value of $221.71M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

111

Positions

$221.71M

Total AUM (reported)

23.93M

Total Shares

Allocation by class

COM$180.67M81.5%

DEB$13.91M6.3%

PFD$13.71M6.2%

ADR SHARES$6.89M3.1%

PARTENRSHIP SHARES$6.06M2.7%

COM CLASS B$468.0K0.2%

Portfolio Concentration

Top 3$26.98M12.2%

4–10$45.69M20.6%

11–25$62.72M28.3%

Rest$86.31M38.9%

Top 3 weight

12.2%

Top 10 weight

32.8%

Voting Authority Distribution

Total shares with voting rights: 23.93M

Sole

Full voting authority

4.75M

% of voting shares19.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

19.19M

% of voting shares80.2%

Investment Discretion (by position count)

Sole111

Shared0

Other0

Dominant voting typeNone · 80.2% of voting shares

Institutional Holdings111

Rows:

METLIFE

SOLE

COM

Shares171.56K

TypeSH

Market value$10.79M

4.87%

Sole

54K

Shared

0.00

None

117.56K

BUNGE LIMITED

SOLE

COM

Shares76.57K

TypeSH

Market value$8.29M

3.74%

Sole

26K

Shared

0.00

None

50.57K

TIMBERLAND BANK

SOLE

COM

Shares291.40K

TypeSH

Market value$7.90M

3.56%

Sole

92K

Shared

0.00

None

199.40K

EXCHANGE BANK

SOLE

COM

Shares76.32K

TypeSH

Market value$7.10M

3.20%

Sole

23.60K

Shared

0.00

None

52.72K

PFIZER

SOLE

COM

Shares208.80K

TypeSH

Market value$6.93M

3.12%

Sole

55.60K

Shared

0.00

None

153.20K

SHELL PLC

SOLE

ADR SHARES

Shares107.02K

TypeSH

Market value$6.89M

3.11%

Sole

30K

Shared

0.00

None

77.02K

MERCK

SOLE

COM

Shares65.19K

TypeSH

Market value$6.71M

3.03%

Sole

13.30K

Shared

0.00

None

51.89K

AGNICO EAGLE

SOLE

COM

Shares143.64K

TypeSH

Market value$6.53M

2.94%

Sole

30K

Shared

0.00

None

113.64K

ENERGY TRANSFER MLP

SOLE

PARTENRSHIP SHARES

Shares431.96K

TypeSH

Market value$6.06M

2.73%

Sole

0.00

Shared

0.00

None

431.96K

FIDELITY ENERGY ETF

SOLE

COM

Shares219.92K

TypeSH

Market value$5.48M

2.47%

Sole

71K

Shared

0.00

None

148.92K

SB FINANCIAL

SOLE

COM

Shares400.51K

TypeSH

Market value$5.41M

2.44%

Sole

132.81K

Shared

0.00

None

267.70K

PARKE BANCORP

SOLE

COM

Shares306.46K

TypeSH

Market value$4.99M

2.25%

Sole

106K

Shared

0.00

None

200.46K

LEDYARD FINANCIAL

SOLE

COM

Shares331.30K

TypeSH

Market value$4.72M

2.13%

Sole

139K

Shared

0.00

None

192.30K

WEYERHAEUSER

SOLE

COM

Shares150.63K

TypeSH

Market value$4.62M

2.08%

Sole

40K

Shared

0.00

None

110.63K

RPT REALTY

SOLE

PFD

Shares89.94K

TypeSH

Market value$4.57M

2.06%

Sole

32K

Shared

0.00

None

57.94K

FIRST BUSINESS

SOLE

COM

Shares152.17K

TypeSH

Market value$4.57M

2.06%

Sole

94.50K

Shared

0.00

None

57.67K

VIATRIS INC

SOLE

COM

Shares434.30K

TypeSH

Market value$4.28M

1.93%

Sole

83.10K

Shared

0.00

None

351.17K

ENERGIZER

SOLE

COM

Shares131.34K

TypeSH

Market value$4.21M

1.90%

Sole

44K

Shared

0.00

None

87.34K

COMMUNITY WEST

SOLE

COM

Shares315.90K

TypeSH

Market value$4.10M

1.85%

Sole

172.94K

Shared

0.00

None

142.96K

INNOVIVA

SOLE

DEB

Shares3.90M

TypePRN

Market value$3.85M

1.74%

Sole

400K

Shared

0.00

None

3.50M

GLOBAL MEDICAL

SOLE

COM

Shares401.42K

TypeSH

Market value$3.60M

1.62%

Sole

150K

Shared

0.00

None

251.42K

FIRST NATIONAL

SOLE

COM

Shares201.71K

TypeSH

Market value$3.55M

1.60%

Sole

133.67K

Shared

0.00

None

68.05K

INTL FLAVORS

SOLE

COM

Shares50.65K

TypeSH

Market value$3.45M

1.56%

Sole

10K

Shared

0.00

None

40.65K

VICI PRPTY

SOLE

COM

Shares117.51K

TypeSH

Market value$3.42M

1.54%

Sole

45K

Shared

0.00

None

72.51K

NY COMM BANC

SOLE

PFD

Shares92.55K

TypeSH

Market value$3.38M

1.52%

Sole

0.00

Shared

0.00

None

92.55K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
METLIFESOLE	COM	171.56K	SH	$10.79M 4.87%	54K	117.56K
BUNGE LIMITEDSOLE	COM	76.57K	SH	$8.29M 3.74%	26K	50.57K
TIMBERLAND BANKSOLE	COM	291.40K	SH	$7.90M 3.56%	92K	199.40K
EXCHANGE BANKSOLE	COM	76.32K	SH	$7.10M 3.20%	23.60K	52.72K
PFIZERSOLE	COM	208.80K	SH	$6.93M 3.12%	55.60K	153.20K
SHELL PLCSOLE	ADR SHARES	107.02K	SH	$6.89M 3.11%	30K	77.02K
MERCKSOLE	COM	65.19K	SH	$6.71M 3.03%	13.30K	51.89K
AGNICO EAGLESOLE	COM	143.64K	SH	$6.53M 2.94%	30K	113.64K
ENERGY TRANSFER MLPSOLE	PARTENRSHIP SHARES	431.96K	SH	$6.06M 2.73%	0.00	431.96K
FIDELITY ENERGY ETFSOLE	COM	219.92K	SH	$5.48M 2.47%	71K	148.92K
SB FINANCIALSOLE	COM	400.51K	SH	$5.41M 2.44%	132.81K	267.70K
PARKE BANCORPSOLE	COM	306.46K	SH	$4.99M 2.25%	106K	200.46K
LEDYARD FINANCIALSOLE	COM	331.30K	SH	$4.72M 2.13%	139K	192.30K
WEYERHAEUSERSOLE	COM	150.63K	SH	$4.62M 2.08%	40K	110.63K
RPT REALTYSOLE	PFD	89.94K	SH	$4.57M 2.06%	32K	57.94K
FIRST BUSINESSSOLE	COM	152.17K	SH	$4.57M 2.06%	94.50K	57.67K
VIATRIS INCSOLE	COM	434.30K	SH	$4.28M 1.93%	83.10K	351.17K
ENERGIZERSOLE	COM	131.34K	SH	$4.21M 1.90%	44K	87.34K
COMMUNITY WESTSOLE	COM	315.90K	SH	$4.10M 1.85%	172.94K	142.96K
INNOVIVASOLE	DEB	3.90M	PRN	$3.85M 1.74%	400K	3.50M
GLOBAL MEDICALSOLE	COM	401.42K	SH	$3.60M 1.62%	150K	251.42K
FIRST NATIONALSOLE	COM	201.71K	SH	$3.55M 1.60%	133.67K	68.05K
INTL FLAVORSSOLE	COM	50.65K	SH	$3.45M 1.56%	10K	40.65K
VICI PRPTYSOLE	COM	117.51K	SH	$3.42M 1.54%	45K	72.51K
NY COMM BANCSOLE	PFD	92.55K	SH	$3.38M 1.52%	0.00	92.55K

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