Filed: 8/13/2025ACC: 0001353098-25-000005
📋 What this filing means
CUTLER CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 116 equity positions with a total reported market value of $287.41M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
116
Positions
$287.41M
Total AUM (reported)
49.17M
Total Shares
Allocation by class
COM$175.75M61.2%
COM NEW$13.91M4.8%
SPON ADS$7.79M2.7%
COM UT LTD PTN$7.14M2.5%
NOTE 2.875% 3/1$6.84M2.4%
COM SHS$6.42M2.2%
MSCI ENERGY IDX$6.34M2.2%
Portfolio Concentration
Top 3$40.02M13.9%
4–10$54.48M19.0%
11–25$76.57M26.6%
Rest$116.34M40.5%
Top 3 weight
13.9%
Top 10 weight
32.9%
Voting Authority Distribution
Total shares with voting rights: 49.17M
Sole
Full voting authority
5.97M
shares
% of voting shares12.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
43.20M
shares
% of voting shares87.9%
Investment Discretion (by position count)
Sole116
Shared0
Other0
Dominant voting typeNone · 87.9% of voting shares
Institutional Holdings116
Rows:
AGNICO-EAGLE
SOLEShares131.73K
TypeSH
Market value$15.67M
5.45%
Sole
30K
Shared
0.00
None
101.73K
METLIFE INC
SOLEShares164.98K
TypeSH
Market value$13.27M
4.62%
Sole
54K
Shared
0.00
None
110.98K
CTO REALTY GRW
SOLEShares642.05K
TypeSH
Market value$11.08M
3.86%
Sole
266.01K
Shared
0.00
None
376.04K
TIMBERLAND BANC
SOLEShares298.39K
TypeSH
Market value$9.31M
3.24%
Sole
92K
Shared
0.00
None
206.40K
EXCHANGE BANK
SOLEShares76.05K
TypeSH
Market value$8.02M
2.79%
Sole
23.60K
Shared
0.00
None
52.45K
FIRST BUSINESS
SOLEShares155.80K
TypeSH
Market value$7.89M
2.75%
Sole
94.50K
Shared
0.00
None
61.30K
SHELL PLC
SOLEShares110.66K
TypeSH
Market value$7.79M
2.71%
Sole
30K
Shared
0.00
None
80.66K
SB FINANCIAL
SOLEShares391.98K
TypeSH
Market value$7.49M
2.60%
Sole
133.30K
Shared
0.00
None
258.68K
ENERGY TRANSFER
SOLEShares393.62K
TypeSH
Market value$7.14M
2.48%
Sole
0.00
Shared
0.00
None
393.62K
PPL CAPITAL
SOLEShares6.33M
TypePRN
Market value$6.84M
2.38%
Sole
125K
Shared
0.00
None
6.21M
BUNGE LIMITED
SOLEShares79.96K
TypeSH
Market value$6.42M
2.23%
Sole
26K
Shared
0.00
None
53.96K
FIDELITY CVNGTN
SOLEShares270.51K
TypeSH
Market value$6.34M
2.21%
Sole
71K
Shared
0.00
None
199.51K
PARKE BANCORP
SOLEShares309.66K
TypeSH
Market value$6.31M
2.19%
Sole
106K
Shared
0.00
None
203.66K
PFIZER INC
SOLEShares250.89K
TypeSH
Market value$6.08M
2.12%
Sole
60K
Shared
0.00
None
190.89K
JAZZ INVEST
SOLEShares5.73M
TypePRN
Market value$5.78M
2.01%
Sole
1.50M
Shared
0.00
None
4.23M
KIMCO REALTY
SOLEShares90.47K
TypeSH
Market value$5.48M
1.91%
Sole
32K
Shared
0.00
None
58.47K
VICI PRPTY
SOLEShares166.13K
TypeSH
Market value$5.42M
1.88%
Sole
45K
Shared
0.00
None
121.13K
BENCHMARK BANK
SOLEShares170.98K
TypeSH
Market value$4.99M
1.74%
Sole
113K
Shared
0.00
None
57.98K
LEDYARD FINAN
SOLEShares326.12K
TypeSH
Market value$4.68M
1.63%
Sole
139K
Shared
0.00
None
187.12K
MERCK&CO INC
SOLEShares58.03K
TypeSH
Market value$4.59M
1.60%
Sole
13.30K
Shared
0.00
None
44.73K
INNOVIVA INC
SOLEShares4.34M
TypePRN
Market value$4.33M
1.51%
Sole
400K
Shared
0.00
None
3.94M
VIATRIS INC
SOLEShares463.91K
TypeSH
Market value$4.14M
1.44%
Sole
125K
Shared
0.00
None
338.91K
WEYERHAEUSER
SOLEShares159.24K
TypeSH
Market value$4.09M
1.42%
Sole
40K
Shared
0.00
None
119.24K
BANK BOTETOURT
SOLEShares112.67K
TypeSH
Market value$3.97M
1.38%
Sole
82.40K
Shared
0.00
None
30.27K
FIRST NATL VA
SOLEShares202.78K
TypeSH
Market value$3.95M
1.37%
Sole
131.40K
Shared
0.00
None
71.38K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AGNICO-EAGLESOLE | COM | 131.73K | SH | $15.67M 5.45% | 30K | 0.00 | 101.73K |
METLIFE INCSOLE | COM | 164.98K | SH | $13.27M 4.62% | 54K | 0.00 | 110.98K |
CTO REALTY GRWSOLE | COM | 642.05K | SH | $11.08M 3.86% | 266.01K | 0.00 | 376.04K |
TIMBERLAND BANCSOLE | COM | 298.39K | SH | $9.31M 3.24% | 92K | 0.00 | 206.40K |
EXCHANGE BANKSOLE | COM | 76.05K | SH | $8.02M 2.79% | 23.60K | 0.00 | 52.45K |
FIRST BUSINESSSOLE | COM | 155.80K | SH | $7.89M 2.75% | 94.50K | 0.00 | 61.30K |
SHELL PLCSOLE | SPON ADS | 110.66K | SH | $7.79M 2.71% | 30K | 0.00 | 80.66K |
SB FINANCIALSOLE | COM | 391.98K | SH | $7.49M 2.60% | 133.30K | 0.00 | 258.68K |
ENERGY TRANSFERSOLE | COM UT LTD PTN | 393.62K | SH | $7.14M 2.48% | 0.00 | 0.00 | 393.62K |
PPL CAPITALSOLE | NOTE 2.875% 3/1 | 6.33M | PRN | $6.84M 2.38% | 125K | 0.00 | 6.21M |
BUNGE LIMITEDSOLE | COM SHS | 79.96K | SH | $6.42M 2.23% | 26K | 0.00 | 53.96K |
FIDELITY CVNGTNSOLE | MSCI ENERGY IDX | 270.51K | SH | $6.34M 2.21% | 71K | 0.00 | 199.51K |
PARKE BANCORPSOLE | COM | 309.66K | SH | $6.31M 2.19% | 106K | 0.00 | 203.66K |
PFIZER INCSOLE | COM | 250.89K | SH | $6.08M 2.12% | 60K | 0.00 | 190.89K |
JAZZ INVESTSOLE | NOTE 2.000% 6/1 | 5.73M | PRN | $5.78M 2.01% | 1.50M | 0.00 | 4.23M |
KIMCO REALTYSOLE | DP CV CL N 7.25% | 90.47K | SH | $5.48M 1.91% | 32K | 0.00 | 58.47K |
VICI PRPTYSOLE | COM | 166.13K | SH | $5.42M 1.88% | 45K | 0.00 | 121.13K |
BENCHMARK BANKSOLE | COM | 170.98K | SH | $4.99M 1.74% | 113K | 0.00 | 57.98K |
LEDYARD FINANSOLE | COM | 326.12K | SH | $4.68M 1.63% | 139K | 0.00 | 187.12K |
MERCK&CO INCSOLE | COM | 58.03K | SH | $4.59M 1.60% | 13.30K | 0.00 | 44.73K |
INNOVIVA INCSOLE | NOTE 2.125% 3/1 | 4.34M | PRN | $4.33M 1.51% | 400K | 0.00 | 3.94M |
VIATRIS INCSOLE | COM | 463.91K | SH | $4.14M 1.44% | 125K | 0.00 | 338.91K |
WEYERHAEUSERSOLE | COM NEW | 159.24K | SH | $4.09M 1.42% | 40K | 0.00 | 119.24K |
BANK BOTETOURTSOLE | COM | 112.67K | SH | $3.97M 1.38% | 82.40K | 0.00 | 30.27K |
FIRST NATL VASOLE | COM | 202.78K | SH | $3.95M 1.37% | 131.40K | 0.00 | 71.38K |
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