Cutler Capital Management, LLC — 13F Holdings & Portfolio
CIK 1353098 · latest 13F-HR filed 2026-05-15
Cutler Capital Management, LLC manages $369.9M in 13F-reported U.S. long-equity assets across 116 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are AEM (6.51%), MET (3.36%), CTO (3.30%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 3 new positions, exited 9, added to 55, and trimmed 21.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$369.9M
Long-equity book
116
Distinct positions
2026-03-31
Filed 2026-05-15
+3 / −9 / ↑55 / ↓21
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- AGNICO-EAGLE$3.7M +18.2%
- BUNGE LIMITED$3.0M +41.8%
- SIRIUS XM HLDNGS$2.6M +52.8%
- FIDELITY CVNGTN$2.3M +33.4%
- SHELL PLC$2.1M +25.9%
Top Trims
- JAZZ INVEST-$3.4M -52.5%
- FLAGSTAR FNCL-$1.2M -36.3%
- METLIFE INC-$684.4K -5.2%
- HCI GROUP INC-$596.2K -20.3%
- SB FINANCIAL-$514.3K -5.9%
Exited Positions
- LXP INDUSTRIAL$2.7M
- DUKE ENERGY$2.1M
- EPR PRPTY$1.8M
- FORD MOTOR CO$1.7M
- AIRBNB INC BOND$1.6M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AGNICO-EAGLE | AEM | 008474108 | $24.1M | 6.51% | 118,598 | SH |
| 2 | METLIFE INC | MET | 59156R108 | $12.4M | 3.36% | 175,759 | SH |
| 3 | CTO REALTY GRW | CTO | 22948Q101 | $12.2M | 3.30% | 659,370 | SH |
| 4 | TIMBERLAND BANC | TSBK | 887098101 | $11.5M | 3.10% | 291,202 | SH |
| 5 | EXCHANGE BANK | I:BANK | 301227203 | $11.0M | 2.98% | 75,781 | SH |
| 6 | SHELL PLC | SHEL | 780259305 | $10.3M | 2.78% | 110,701 | SH |
| 7 | BUNGE LIMITED | BG | H11356104 | $10.1M | 2.73% | 79,360 | SH |
| 8 | FIDELITY CVNGTN | FENY | 316092402 | $9.1M | 2.46% | 267,315 | SH |
| 9 | PARKE BANCORP | PKBK | 700885106 | $9.0M | 2.44% | 317,426 | SH |
| 10 | FIRST BUSINESS | FBIZ | 319390100 | $8.3M | 2.25% | 154,590 | SH |
| 11 | SB FINANCIAL | SBFG | 78408D105 | $8.2M | 2.22% | 390,137 | SH |
| 12 | SIRIUS XM HLDNGS | FWONA | 531229AP7 | $7.5M | 2.03% | 7,223,000 | PRN |
| 13 | ENERGY TRANSFER | ET | 29273V100 | $7.3M | 1.97% | 377,198 | SH |
| 14 | PPL CAPITAL | PPL | 69352PAS2 | $7.3M | 1.97% | 6,210,000 | PRN |
| 15 | VERIZON COMM | VZ | 92343V104 | $7.1M | 1.92% | 141,366 | SH |
| 16 | MERCK&CO INC | MRK | 58933Y105 | $7.0M | 1.90% | 58,396 | SH |
| 17 | PFIZER INC | PFE | 717081103 | $7.0M | 1.89% | 248,771 | SH |
| 18 | INNOVIVA INC | INVA | 45781MAD3 | $6.8M | 1.84% | 6,320,000 | PRN |
| 19 | PROGRESS SOFTWARE | PRGS | 743312AD2 | $6.7M | 1.81% | 7,545,000 | PRN |
| 20 | BENCHMARK BANK | I:BANK | 08160E207 | $6.3M | 1.70% | 173,082 | SH |
| 21 | VIATRIS INC | VTRS | 92556V106 | $6.2M | 1.67% | 456,272 | SH |
| 22 | BANK BOTETOURT | I:BANK | 063907208 | $5.8M | 1.56% | 122,465 | SH |
| 23 | LEDYARD FINAN | LFGP | 523338101 | $5.7M | 1.55% | 335,696 | SH |
| 24 | CHESPKE FINAN | — | 16517A109 | $5.7M | 1.54% | 178,500 | SH |
| 25 | CHIRON RL ESTTE | XRN | 37954A303 | $5.7M | 1.54% | 172,211 | SH |
| 26 | VICI PRPTY | VICI | 925652109 | $5.5M | 1.50% | 202,685 | SH |
| 27 | FIRST NATL VA | FXNC | 32106V107 | $5.5M | 1.49% | 204,109 | SH |
| 28 | KIMCO REALTY | KIMPN | 49446R687 | $5.4M | 1.45% | 89,943 | SH |
| 29 | POTOMAC BANC | BANC | 737643106 | $4.6M | 1.23% | 231,015 | SH |
| 30 | MERCHANTS FINL | MNMB | 588538108 | $4.5M | 1.20% | 126,950 | SH |
| 31 | APPLE INC Put | AAPL | 037833100 | $4.4M | 1.20% | 17,500 | SH |
| 32 | NORTHERN OIL | NOG | 665531AJ8 | $4.3M | 1.17% | 3,950,000 | PRN |
| 33 | WEYERHAEUSER | WY | 962166104 | $4.3M | 1.15% | 174,110 | SH |
| 34 | CSB BANCORP | CSBB | 12628R107 | $4.2M | 1.12% | 66,563 | SH |
| 35 | F&M BANK CORP | — | 30237P106 | $4.1M | 1.12% | 135,864 | SH |
| 36 | BANK AMERICA CORP | BACPL | 060505682 | $4.0M | 1.08% | 3,355 | SH |
| 37 | FSBH CORP | FSBH | 30325F101 | $3.8M | 1.04% | 240,000 | SH |
| 38 | CMNTY WST BANC | CWBC | 203937107 | $3.8M | 1.02% | 162,590 | SH |
| 39 | SFL CORP LTD | SFL | G7738W106 | $3.6M | 0.97% | 330,892 | SH |
| 40 | VE WIDE MOAT | MOAT | 92189F643 | $3.6M | 0.96% | 36,753 | SH |
| 41 | APPLE HOPTLY | APLE | 03784Y200 | $3.5M | 0.94% | 300,670 | SH |
| 42 | MICROSOFT CORP Put | MSFT | 594918954 | $3.3M | 0.90% | 9,000 | SH |
| 43 | ALERUS FINAN | ALRS | 01446U103 | $3.2M | 0.87% | 136,470 | SH |
| 44 | JAZZ INVEST | JAZZ | 472145AF8 | $3.1M | 0.84% | 2,565,000 | PRN |
| 45 | LIBERTY MEDIA | FWONA | 531229AQ5 | $2.7M | 0.72% | 2,300,000 | PRN |
| 46 | ALBERTSONS COS | ACI | 013091103 | $2.6M | 0.69% | 149,662 | SH |
| 47 | SCHLUMBERGER | SLB | 806857108 | $2.5M | 0.68% | 49,054 | SH |
| 48 | LXP INDUSTRIAL | LXP | 529043408 | $2.5M | 0.68% | 54,115 | SH |
| 49 | AMERIS BANCORP | ABCB | 03076K108 | $2.5M | 0.67% | 31,859 | SH |
| 50 | AMERICAN INTL | AIG | 026874784 | $2.5M | 0.67% | 33,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $369.9M | 116 | 0001353098-26-000003 |
| 2025-12-31 | 2026-02-13 | $343.1M | 122 | 0001353098-26-000002 |
| 2025-09-30 | 2025-11-14 | $313.8M | 124 | 0001353098-25-000008 |