Filed: 5/14/2025ACC: 0001353098-25-000004
📋 What this filing means
CUTLER CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 117 equity positions with a total reported market value of $287.50M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
117
Positions
$287.50M
Total AUM (reported)
54.36M
Total Shares
Allocation by class
COM$164.06M57.1%
COM NEW$15.54M5.4%
NOTE 3.875% 4/1$8.44M2.9%
SPON ADS$8.14M2.8%
COM UT LTD PTN$7.74M2.7%
NOTE 2.875% 3/1$7.14M2.5%
SHS$6.93M2.4%
Portfolio Concentration
Top 3$36.98M12.9%
4–10$55.25M19.2%
11–25$77.83M27.1%
Rest$117.44M40.8%
Top 3 weight
12.9%
Top 10 weight
32.1%
Voting Authority Distribution
Total shares with voting rights: 54.36M
Sole
Full voting authority
9.86M
shares
% of voting shares18.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
44.50M
shares
% of voting shares81.9%
Investment Discretion (by position count)
Sole117
Shared0
Other0
Dominant voting typeNone · 81.9% of voting shares
Institutional Holdings117
Rows:
AGNICO-EAGLE
SOLEShares134.97K
TypeSH
Market value$14.63M
5.09%
Sole
30K
Shared
0.00
None
104.97K
METLIFE INC
SOLEShares166.18K
TypeSH
Market value$13.34M
4.64%
Sole
54K
Shared
0.00
None
112.18K
TIMBERLAND BANC
SOLEShares298.80K
TypeSH
Market value$9.01M
3.13%
Sole
92K
Shared
0.00
None
206.80K
CTO REALTY
SOLEShares6.05M
TypePRN
Market value$8.44M
2.94%
Sole
3.60M
Shared
0.00
None
2.44M
EXCHANGE BANK
SOLEShares76.05K
TypeSH
Market value$8.29M
2.88%
Sole
23.60K
Shared
0.00
None
52.45K
SB FINANCIAL
SOLEShares392.56K
TypeSH
Market value$8.17M
2.84%
Sole
133.30K
Shared
0.00
None
259.26K
SHELL PLC
SOLEShares111.06K
TypeSH
Market value$8.14M
2.83%
Sole
30K
Shared
0.00
None
81.06K
ENERGY TRANSFER
SOLEShares416.47K
TypeSH
Market value$7.74M
2.69%
Sole
0.00
Shared
0.00
None
416.47K
FIRST BUSINESS
SOLEShares155.40K
TypeSH
Market value$7.33M
2.55%
Sole
94.50K
Shared
0.00
None
60.90K
PPL CAPITAL
SOLEShares6.38M
TypePRN
Market value$7.14M
2.48%
Sole
125K
Shared
0.00
None
6.25M
FIDELITY CVNGTN
SOLEShares263.51K
TypeSH
Market value$6.73M
2.34%
Sole
71K
Shared
0.00
None
192.51K
PFIZER INC
SOLEShares250.40K
TypeSH
Market value$6.35M
2.21%
Sole
60K
Shared
0.00
None
190.40K
BUNGE LIMITED
SOLEShares80.75K
TypeSH
Market value$6.17M
2.15%
Sole
26K
Shared
0.00
None
54.75K
JAZZ INVEST
SOLEShares5.78M
TypePRN
Market value$5.98M
2.08%
Sole
1.50M
Shared
0.00
None
4.28M
PARKE BANCORP
SOLEShares308.93K
TypeSH
Market value$5.82M
2.02%
Sole
106K
Shared
0.00
None
202.93K
KIMCO REALTY
SOLEShares90.92K
TypeSH
Market value$5.47M
1.90%
Sole
32K
Shared
0.00
None
58.92K
VICI PRPTY
SOLEShares165.23K
TypeSH
Market value$5.39M
1.87%
Sole
45K
Shared
0.00
None
120.23K
MERCK&CO INC
SOLEShares57.73K
TypeSH
Market value$5.18M
1.80%
Sole
13.30K
Shared
0.00
None
44.43K
LEDYARD FINAN
SOLEShares326.12K
TypeSH
Market value$5.05M
1.76%
Sole
139K
Shared
0.00
None
187.12K
WEYERHAEUSER
SOLEShares158.89K
TypeSH
Market value$4.65M
1.62%
Sole
40K
Shared
0.00
None
118.89K
FIRST NATL VA
SOLEShares202.78K
TypeSH
Market value$4.55M
1.58%
Sole
131.40K
Shared
0.00
None
71.38K
INNOVIVA INC
SOLEShares4.39M
TypePRN
Market value$4.23M
1.47%
Sole
400K
Shared
0.00
None
4M
BENCHMARK BANK
SOLEShares167.80K
TypeSH
Market value$4.20M
1.46%
Sole
112.50K
Shared
0.00
None
55.30K
VIATRIS INC
SOLEShares464.91K
TypeSH
Market value$4.05M
1.41%
Sole
125K
Shared
0.00
None
339.91K
GLOBAL MEDICAL
SOLEShares457.04K
TypeSH
Market value$4.00M
1.39%
Sole
150K
Shared
0.00
None
307.04K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AGNICO-EAGLESOLE | COM | 134.97K | SH | $14.63M 5.09% | 30K | 0.00 | 104.97K |
METLIFE INCSOLE | COM | 166.18K | SH | $13.34M 4.64% | 54K | 0.00 | 112.18K |
TIMBERLAND BANCSOLE | COM | 298.80K | SH | $9.01M 3.13% | 92K | 0.00 | 206.80K |
CTO REALTYSOLE | NOTE 3.875% 4/1 | 6.05M | PRN | $8.44M 2.94% | 3.60M | 0.00 | 2.44M |
EXCHANGE BANKSOLE | COM | 76.05K | SH | $8.29M 2.88% | 23.60K | 0.00 | 52.45K |
SB FINANCIALSOLE | COM | 392.56K | SH | $8.17M 2.84% | 133.30K | 0.00 | 259.26K |
SHELL PLCSOLE | SPON ADS | 111.06K | SH | $8.14M 2.83% | 30K | 0.00 | 81.06K |
ENERGY TRANSFERSOLE | COM UT LTD PTN | 416.47K | SH | $7.74M 2.69% | 0.00 | 0.00 | 416.47K |
FIRST BUSINESSSOLE | COM | 155.40K | SH | $7.33M 2.55% | 94.50K | 0.00 | 60.90K |
PPL CAPITALSOLE | NOTE 2.875% 3/1 | 6.38M | PRN | $7.14M 2.48% | 125K | 0.00 | 6.25M |
FIDELITY CVNGTNSOLE | MSCI ENERGY IDX | 263.51K | SH | $6.73M 2.34% | 71K | 0.00 | 192.51K |
PFIZER INCSOLE | COM | 250.40K | SH | $6.35M 2.21% | 60K | 0.00 | 190.40K |
BUNGE LIMITEDSOLE | COM SHS | 80.75K | SH | $6.17M 2.15% | 26K | 0.00 | 54.75K |
JAZZ INVESTSOLE | NOTE 2.000% 6/1 | 5.78M | PRN | $5.98M 2.08% | 1.50M | 0.00 | 4.28M |
PARKE BANCORPSOLE | COM | 308.93K | SH | $5.82M 2.02% | 106K | 0.00 | 202.93K |
KIMCO REALTYSOLE | DP CV CL N 7.25% | 90.92K | SH | $5.47M 1.90% | 32K | 0.00 | 58.92K |
VICI PRPTYSOLE | COM | 165.23K | SH | $5.39M 1.87% | 45K | 0.00 | 120.23K |
MERCK&CO INCSOLE | COM | 57.73K | SH | $5.18M 1.80% | 13.30K | 0.00 | 44.43K |
LEDYARD FINANSOLE | COM | 326.12K | SH | $5.05M 1.76% | 139K | 0.00 | 187.12K |
WEYERHAEUSERSOLE | COM NEW | 158.89K | SH | $4.65M 1.62% | 40K | 0.00 | 118.89K |
FIRST NATL VASOLE | COM | 202.78K | SH | $4.55M 1.58% | 131.40K | 0.00 | 71.38K |
INNOVIVA INCSOLE | NOTE 2.125% 3/1 | 4.39M | PRN | $4.23M 1.47% | 400K | 0.00 | 4M |
BENCHMARK BANKSOLE | COM | 167.80K | SH | $4.20M 1.46% | 112.50K | 0.00 | 55.30K |
VIATRIS INCSOLE | COM | 464.91K | SH | $4.05M 1.41% | 125K | 0.00 | 339.91K |
GLOBAL MEDICALSOLE | COM NEW | 457.04K | SH | $4.00M 1.39% | 150K | 0.00 | 307.04K |
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