Filed: 11/14/2025ACC: 0001353098-25-000008
📋 What this filing means
CUTLER CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 124 equity positions with a total reported market value of $313.77M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
124
Positions
$313.77M
Total AUM (reported)
57.73M
Total Shares
Allocation by class
COM$191.66M61.1%
COM NEW$13.93M4.4%
SPON ADS$7.91M2.5%
NOTE 2.875% 3/1$7.21M2.3%
MSCI ENERGY IDX$6.70M2.1%
COM SHS$6.53M2.1%
COM UT LTD PTN$6.20M2.0%
Portfolio Concentration
Top 3$45.11M14.4%
4–10$55.75M17.8%
11–25$81.86M26.1%
Rest$131.05M41.8%
Top 3 weight
14.4%
Top 10 weight
32.1%
Voting Authority Distribution
Total shares with voting rights: 57.73M
Sole
Full voting authority
6.43M
shares
% of voting shares11.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
51.30M
shares
% of voting shares88.9%
Investment Discretion (by position count)
Sole124
Shared0
Other0
Dominant voting typeNone · 88.9% of voting shares
Institutional Holdings124
Rows:
AGNICO-EAGLE
SOLEShares122.36K
TypeSH
Market value$20.62M
6.57%
Sole
30K
Shared
0.00
None
92.36K
METLIFE INC
SOLEShares165.68K
TypeSH
Market value$13.65M
4.35%
Sole
54K
Shared
0.00
None
111.68K
CTO REALTY GRW
SOLEShares664.98K
TypeSH
Market value$10.84M
3.45%
Sole
266.01K
Shared
0.00
None
398.96K
TIMBERLAND BANC
SOLEShares291.80K
TypeSH
Market value$9.71M
3.09%
Sole
87K
Shared
0.00
None
204.80K
EXCHANGE BANK
SOLEShares76.15K
TypeSH
Market value$8.68M
2.77%
Sole
23.60K
Shared
0.00
None
52.55K
FIRST BUSINESS
SOLEShares155.49K
TypeSH
Market value$7.97M
2.54%
Sole
90K
Shared
0.00
None
65.49K
SHELL PLC
SOLEShares110.63K
TypeSH
Market value$7.91M
2.52%
Sole
30K
Shared
0.00
None
80.63K
SB FINANCIAL
SOLEShares391.68K
TypeSH
Market value$7.56M
2.41%
Sole
133K
Shared
0.00
None
258.68K
PPL CAPITAL
SOLEShares6.32M
TypePRN
Market value$7.21M
2.30%
Sole
125K
Shared
0.00
None
6.19M
FIDELITY CVNGTN
SOLEShares271.22K
TypeSH
Market value$6.70M
2.14%
Sole
71K
Shared
0.00
None
200.22K
PARKE BANCORP
SOLEShares310.66K
TypeSH
Market value$6.69M
2.13%
Sole
107K
Shared
0.00
None
203.66K
BUNGE LIMITED
SOLEShares80.37K
TypeSH
Market value$6.53M
2.08%
Sole
26K
Shared
0.00
None
54.37K
PFIZER INC
SOLEShares253.49K
TypeSH
Market value$6.46M
2.06%
Sole
60K
Shared
0.00
None
193.49K
ENERGY TRANSFER
SOLEShares361.40K
TypeSH
Market value$6.20M
1.98%
Sole
0.00
Shared
0.00
None
361.40K
INNOVIVA INC
SOLEShares6.38M
TypePRN
Market value$6.19M
1.97%
Sole
990K
Shared
0.00
None
5.38M
JAZZ INVEST
SOLEShares5.72M
TypePRN
Market value$6.07M
1.94%
Sole
1.50M
Shared
0.00
None
4.22M
VICI PRPTY
SOLEShares166.84K
TypeSH
Market value$5.44M
1.73%
Sole
45K
Shared
0.00
None
121.83K
KIMCO REALTY
SOLEShares90.47K
TypeSH
Market value$5.39M
1.72%
Sole
32K
Shared
0.00
None
58.47K
BENCHMARK BANK
SOLEShares170.28K
TypeSH
Market value$5.19M
1.66%
Sole
112K
Shared
0.00
None
58.28K
MERCK&CO INC
SOLEShares58.23K
TypeSH
Market value$4.89M
1.56%
Sole
13.30K
Shared
0.00
None
44.93K
LEDYARD FINAN
SOLEShares337.32K
TypeSH
Market value$4.72M
1.51%
Sole
139.90K
Shared
0.00
None
197.42K
FIRST NATL VA
SOLEShares202.72K
TypeSH
Market value$4.60M
1.47%
Sole
131.33K
Shared
0.00
None
71.38K
VIATRIS INC
SOLEShares463.97K
TypeSH
Market value$4.59M
1.46%
Sole
125K
Shared
0.00
None
338.97K
VERIZON COMM
SOLEShares103.73K
TypeSH
Market value$4.56M
1.45%
Sole
0.00
Shared
0.00
None
103.73K
POTOMAC BANC
SOLEShares230.22K
TypeSH
Market value$4.34M
1.38%
Sole
133K
Shared
0.00
None
97.22K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AGNICO-EAGLESOLE | COM | 122.36K | SH | $20.62M 6.57% | 30K | 0.00 | 92.36K |
METLIFE INCSOLE | COM | 165.68K | SH | $13.65M 4.35% | 54K | 0.00 | 111.68K |
CTO REALTY GRWSOLE | COM | 664.98K | SH | $10.84M 3.45% | 266.01K | 0.00 | 398.96K |
TIMBERLAND BANCSOLE | COM | 291.80K | SH | $9.71M 3.09% | 87K | 0.00 | 204.80K |
EXCHANGE BANKSOLE | COM | 76.15K | SH | $8.68M 2.77% | 23.60K | 0.00 | 52.55K |
FIRST BUSINESSSOLE | COM | 155.49K | SH | $7.97M 2.54% | 90K | 0.00 | 65.49K |
SHELL PLCSOLE | SPON ADS | 110.63K | SH | $7.91M 2.52% | 30K | 0.00 | 80.63K |
SB FINANCIALSOLE | COM | 391.68K | SH | $7.56M 2.41% | 133K | 0.00 | 258.68K |
PPL CAPITALSOLE | NOTE 2.875% 3/1 | 6.32M | PRN | $7.21M 2.30% | 125K | 0.00 | 6.19M |
FIDELITY CVNGTNSOLE | MSCI ENERGY IDX | 271.22K | SH | $6.70M 2.14% | 71K | 0.00 | 200.22K |
PARKE BANCORPSOLE | COM | 310.66K | SH | $6.69M 2.13% | 107K | 0.00 | 203.66K |
BUNGE LIMITEDSOLE | COM SHS | 80.37K | SH | $6.53M 2.08% | 26K | 0.00 | 54.37K |
PFIZER INCSOLE | COM | 253.49K | SH | $6.46M 2.06% | 60K | 0.00 | 193.49K |
ENERGY TRANSFERSOLE | COM UT LTD PTN | 361.40K | SH | $6.20M 1.98% | 0.00 | 0.00 | 361.40K |
INNOVIVA INCSOLE | NOTE 2.125% 3/1 | 6.38M | PRN | $6.19M 1.97% | 990K | 0.00 | 5.38M |
JAZZ INVESTSOLE | NOTE 2.000% 6/1 | 5.72M | PRN | $6.07M 1.94% | 1.50M | 0.00 | 4.22M |
VICI PRPTYSOLE | COM | 166.84K | SH | $5.44M 1.73% | 45K | 0.00 | 121.83K |
KIMCO REALTYSOLE | DP CV CL N 7.25% | 90.47K | SH | $5.39M 1.72% | 32K | 0.00 | 58.47K |
BENCHMARK BANKSOLE | COM | 170.28K | SH | $5.19M 1.66% | 112K | 0.00 | 58.28K |
MERCK&CO INCSOLE | COM | 58.23K | SH | $4.89M 1.56% | 13.30K | 0.00 | 44.93K |
LEDYARD FINANSOLE | COM | 337.32K | SH | $4.72M 1.51% | 139.90K | 0.00 | 197.42K |
FIRST NATL VASOLE | COM | 202.72K | SH | $4.60M 1.47% | 131.33K | 0.00 | 71.38K |
VIATRIS INCSOLE | COM | 463.97K | SH | $4.59M 1.46% | 125K | 0.00 | 338.97K |
VERIZON COMMSOLE | COM | 103.73K | SH | $4.56M 1.45% | 0.00 | 0.00 | 103.73K |
POTOMAC BANCSOLE | COM | 230.22K | SH | $4.34M 1.38% | 133K | 0.00 | 97.22K |
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