CUTLER CAPITAL MANAGEMENT, LLC

Filed: 2/13/2024ACC: 0001353098-24-000001

📋 What this filing means

CUTLER CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 106 equity positions with a total reported market value of $241.45M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

106

Positions

$241.45M

Total AUM (reported)

30.22M

Total Shares

Allocation by class

COM$192.18M79.6%

DEB$22.61M9.4%

PFD$13.03M5.4%

ADR SHARES$7.07M2.9%

PARTENRSHIP SHARES$6.09M2.5%

COM CLASS B$476.5K0.2%

Portfolio Concentration

Top 3$28.55M11.8%

4–10$48.70M20.2%

11–25$72.78M30.1%

Rest$91.42M37.9%

Top 3 weight

11.8%

Top 10 weight

32.0%

Voting Authority Distribution

Total shares with voting rights: 30.22M

Sole

Full voting authority

4.65M

% of voting shares15.4%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

25.56M

% of voting shares84.6%

Investment Discretion (by position count)

Sole106

Shared0

Other0

Dominant voting typeNone · 84.6% of voting shares

Institutional Holdings106

Rows:

METLIFE

SOLE

COM

Shares171.52K

TypeSH

Market value$11.34M

4.70%

Sole

54K

Shared

0.00

None

117.52K

TIMBERLAND BANK

SOLE

COM

Shares291.83K

TypeSH

Market value$9.18M

3.80%

Sole

92K

Shared

0.00

None

199.83K

BUNGE LIMITED

SOLE

COM

Shares79.47K

TypeSH

Market value$8.02M

3.32%

Sole

26K

Shared

0.00

None

53.47K

AGNICO EAGLE

SOLE

COM

Shares145.06K

TypeSH

Market value$7.96M

3.30%

Sole

30K

Shared

0.00

None

115.06K

EXCHANGE BANK

SOLE

COM

Shares76.46K

TypeSH

Market value$7.72M

3.20%

Sole

23.60K

Shared

0.00

None

52.86K

MERCK

SOLE

COM

Shares65.48K

TypeSH

Market value$7.14M

2.96%

Sole

13.30K

Shared

0.00

None

52.18K

SHELL PLC

SOLE

ADR SHARES

Shares107.44K

TypeSH

Market value$7.07M

2.93%

Sole

30K

Shared

0.00

None

77.44K

PFIZER

SOLE

COM

Shares224.66K

TypeSH

Market value$6.47M

2.68%

Sole

60K

Shared

0.00

None

164.66K

PARKE BANCORP

SOLE

COM

Shares307.83K

TypeSH

Market value$6.23M

2.58%

Sole

106K

Shared

0.00

None

201.83K

FIRST BUSINESS

SOLE

COM

Shares152.51K

TypeSH

Market value$6.12M

2.53%

Sole

94.50K

Shared

0.00

None

58.01K

ENERGY TRANSFER MLP

SOLE

PARTENRSHIP SHARES

Shares441.21K

TypeSH

Market value$6.09M

2.52%

Sole

0.00

Shared

0.00

None

441.21K

SB FINANCIAL

SOLE

COM

Shares400.28K

TypeSH

Market value$6.08M

2.52%

Sole

133.30K

Shared

0.00

None

266.98K

LEDYARD FINANCIAL

SOLE

COM

Shares331.30K

TypeSH

Market value$5.60M

2.32%

Sole

139K

Shared

0.00

None

192.30K

HCI GROUP

SOLE

DEB

Shares4.32M

TypePRN

Market value$5.34M

2.21%

Sole

450K

Shared

0.00

None

3.87M

FIDELITY ENERGY ETF

SOLE

COM

Shares231.34K

TypeSH

Market value$5.33M

2.21%

Sole

71K

Shared

0.00

None

160.34K

WEYERHAEUSER

SOLE

COM

Shares150.50K

TypeSH

Market value$5.23M

2.17%

Sole

40K

Shared

0.00

None

110.50K

VIATRIS INC

SOLE

COM

Shares462.48K

TypeSH

Market value$5.01M

2.07%

Sole

115K

Shared

0.00

None

347.48K

RPT REALTY

SOLE

PFD

Shares87.23K

TypeSH

Market value$4.98M

2.06%

Sole

32K

Shared

0.00

None

55.23K

GLOBAL MEDICAL

SOLE

COM

Shares413.71K

TypeSH

Market value$4.59M

1.90%

Sole

150K

Shared

0.00

None

263.71K

FIRST NATIONAL

SOLE

COM

Shares202.75K

TypeSH

Market value$4.41M

1.83%

Sole

133.67K

Shared

0.00

None

69.08K

NY COMM BANC

SOLE

PFD

Shares104.57K

TypeSH

Market value$4.34M

1.80%

Sole

0.00

Shared

0.00

None

104.57K

INNOVIVA

SOLE

DEB

Shares3.86M

TypePRN

Market value$4.16M

1.72%

Sole

400K

Shared

0.00

None

3.46M

COMMUNITY WEST

SOLE

COM

Shares234.84K

TypeSH

Market value$4.08M

1.69%

Sole

94.58K

Shared

0.00

None

140.25K

VICI PRPTY

SOLE

COM

Shares125.70K

TypeSH

Market value$4.01M

1.66%

Sole

45K

Shared

0.00

None

80.70K

ALERUS FINAN

SOLE

COM

Shares157.48K

TypeSH

Market value$3.53M

1.46%

Sole

76K

Shared

0.00

None

81.48K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
METLIFESOLE	COM	171.52K	SH	$11.34M 4.70%	54K	117.52K
TIMBERLAND BANKSOLE	COM	291.83K	SH	$9.18M 3.80%	92K	199.83K
BUNGE LIMITEDSOLE	COM	79.47K	SH	$8.02M 3.32%	26K	53.47K
AGNICO EAGLESOLE	COM	145.06K	SH	$7.96M 3.30%	30K	115.06K
EXCHANGE BANKSOLE	COM	76.46K	SH	$7.72M 3.20%	23.60K	52.86K
MERCKSOLE	COM	65.48K	SH	$7.14M 2.96%	13.30K	52.18K
SHELL PLCSOLE	ADR SHARES	107.44K	SH	$7.07M 2.93%	30K	77.44K
PFIZERSOLE	COM	224.66K	SH	$6.47M 2.68%	60K	164.66K
PARKE BANCORPSOLE	COM	307.83K	SH	$6.23M 2.58%	106K	201.83K
FIRST BUSINESSSOLE	COM	152.51K	SH	$6.12M 2.53%	94.50K	58.01K
ENERGY TRANSFER MLPSOLE	PARTENRSHIP SHARES	441.21K	SH	$6.09M 2.52%	0.00	441.21K
SB FINANCIALSOLE	COM	400.28K	SH	$6.08M 2.52%	133.30K	266.98K
LEDYARD FINANCIALSOLE	COM	331.30K	SH	$5.60M 2.32%	139K	192.30K
HCI GROUPSOLE	DEB	4.32M	PRN	$5.34M 2.21%	450K	3.87M
FIDELITY ENERGY ETFSOLE	COM	231.34K	SH	$5.33M 2.21%	71K	160.34K
WEYERHAEUSERSOLE	COM	150.50K	SH	$5.23M 2.17%	40K	110.50K
VIATRIS INCSOLE	COM	462.48K	SH	$5.01M 2.07%	115K	347.48K
RPT REALTYSOLE	PFD	87.23K	SH	$4.98M 2.06%	32K	55.23K
GLOBAL MEDICALSOLE	COM	413.71K	SH	$4.59M 1.90%	150K	263.71K
FIRST NATIONALSOLE	COM	202.75K	SH	$4.41M 1.83%	133.67K	69.08K
NY COMM BANCSOLE	PFD	104.57K	SH	$4.34M 1.80%	0.00	104.57K
INNOVIVASOLE	DEB	3.86M	PRN	$4.16M 1.72%	400K	3.46M
COMMUNITY WESTSOLE	COM	234.84K	SH	$4.08M 1.69%	94.58K	140.25K
VICI PRPTYSOLE	COM	125.70K	SH	$4.01M 1.66%	45K	80.70K
ALERUS FINANSOLE	COM	157.48K	SH	$3.53M 1.46%	76K	81.48K

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