13F HOLDINGS REPORT
Cutler Capital Management, LLC
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0001353098-25-000005
Total Value
$287.4M
Positions
16
Other Managers
0
Confidential Omitted
No
Holdings (116)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AGNICO-EAGLE | AEM | 131,727 | $15.7M | 5.45% |
| 2 | METLIFE INC | MET-PF | 164,983 | $13.3M | 4.62% |
| 3 | CTO REALTY GRW | 22948Q101 | 642,054 | $11.1M | 3.86% |
| 4 | TIMBERLAND BANC | TSBK | 298,395 | $9.3M | 3.24% |
| 5 | EXCHANGE BANK | 301227203 | 76,054 | $8.0M | 2.79% |
| 6 | FIRST BUSINESS | 319390100 | 155,799 | $7.9M | 2.75% |
| 7 | SHELL PLC | RYDAF | 110,656 | $7.8M | 2.71% |
| 8 | SB FINANCIAL | 78408D105 | 391,983 | $7.5M | 2.60% |
| 9 | ENERGY TRANSFER | ET-PI | 393,619 | $7.1M | 2.48% |
| 10 | PPL CAPITAL | PPLC | 6,330,000 | $6.8M | 2.38% |
| 11 | BUNGE LIMITED | BG | 79,964 | $6.4M | 2.23% |
| 12 | FIDELITY CVNGTN | 316092402 | 270,509 | $6.3M | 2.21% |
| 13 | PARKE BANCORP | PKBK | 309,657 | $6.3M | 2.19% |
| 14 | PFIZER INC | PFE | 250,893 | $6.1M | 2.12% |
| 15 | JAZZ INVEST | 472145af8 | 5,730,000 | $5.8M | 2.01% |
| 16 | KIMCO REALTY | KIM-PN | 90,465 | $5.5M | 1.91% |
| 17 | VICI PRPTY | 925652109 | 166,133 | $5.4M | 1.88% |
| 18 | BENCHMARK BANK | BMBN | 170,982 | $5.0M | 1.74% |
| 19 | LEDYARD FINAN | 523338101 | 326,121 | $4.7M | 1.63% |
| 20 | MERCK&CO INC | MRK | 58,031 | $4.6M | 1.60% |
| 21 | INNOVIVA INC | INVA | 4,340,000 | $4.3M | 1.51% |
| 22 | VIATRIS INC | VTRS | 463,910 | $4.1M | 1.44% |
| 23 | WEYERHAEUSER | WY | 159,240 | $4.1M | 1.42% |
| 24 | BANK BOTETOURT | 063907208 | 112,674 | $4.0M | 1.38% |
| 25 | FIRST NATL VA | 32106V107 | 202,785 | $3.9M | 1.37% |
| 26 | VERIZON COMM | VZ | 88,596 | $3.8M | 1.33% |
| 27 | POTOMAC BANC | 737643106 | 220,368 | $3.8M | 1.33% |
| 28 | FLAGSTAR FNCL | 64944p307 | 97,812 | $3.8M | 1.31% |
| 29 | CHESPKE FINAN | CPKF | 173,000 | $3.6M | 1.26% |
| 30 | ALERUS FINAN | 01446U103 | 156,000 | $3.4M | 1.17% |
| 31 | APPLE HOPTLY | APLE | 283,770 | $3.3M | 1.15% |
| 32 | GLOBAL MEDICAL | 37954A204 | 472,938 | $3.3M | 1.14% |
| 33 | CMNTY WST BANC | CWBC | 162,061 | $3.2M | 1.10% |
| 34 | LIBERTY MEDIA | FWONB | 2,360,000 | $3.1M | 1.09% |
| 35 | CSB BANCORP | CSBB | 69,000 | $3.0M | 1.04% |
| 36 | ALBERTSONS COS | 013091103 | 134,687 | $2.9M | 1.01% |
| 37 | F&M BANK CORP | FMBM | 136,814 | $2.9M | 1.00% |
| 38 | GUESS INC | 401617af2 | 3,010,000 | $2.9M | 0.99% |
| 39 | SFL CORP LTD | SFL | 338,792 | $2.8M | 0.98% |
| 40 | AMERICAN INTL | 026874784 | 32,800 | $2.8M | 0.98% |
| 41 | LIBERTY MEDIA | FWONB | 2,538,000 | $2.6M | 0.92% |
| 42 | MERCHANTS FINL | 588538108 | 93,700 | $2.4M | 0.82% |
| 43 | HCI GROUP INC | HCIIP | 15,292 | $2.3M | 0.81% |
| 44 | LXP INDUSTRIAL | LXP-PC | 276,139 | $2.3M | 0.79% |
| 45 | DUKE ENERGY | DUKB | 2,145,000 | $2.3M | 0.79% |
| 46 | ENERGIZER HLDNG | ENR | 112,393 | $2.3M | 0.79% |
| 47 | CNH INDUSTRIAL | N20944109 | 173,563 | $2.2M | 0.78% |
| 48 | FORD MOTOR CO | F-PD | 2,275,000 | $2.2M | 0.78% |
| 49 | AMERIS BANCORP | ABCB | 34,459 | $2.2M | 0.78% |
| 50 | VE WIDE MOAT | 92189F643 | 23,063 | $2.2M | 0.75% |
| 51 | EPR PRPTY | 26884U208 | 81,995 | $2.1M | 0.71% |
| 52 | AT&T INC | T-PC | 65,344 | $1.9M | 0.66% |
| 53 | FIRST CMNTY SC | 319835104 | 76,500 | $1.9M | 0.65% |
| 54 | FSBH CORP | 30325F101 | 210,000 | $1.8M | 0.62% |
| 55 | ETSY INC BOND | ETSY | 1,950,000 | $1.7M | 0.60% |
| 56 | EVERSOURCE | ES | 24,747 | $1.6M | 0.55% |
| 57 | AIRBNB INC BOND | 009066ab7 | 1,630,000 | $1.6M | 0.55% |
| 58 | TYSON FOODS | TSN | 27,251 | $1.5M | 0.53% |
| 59 | PROGRESS SOFTWARE | 743312ad2 | 1,290,000 | $1.5M | 0.52% |
| 60 | SOLVAY BANK | 83441Q105 | 49,115 | $1.4M | 0.50% |
| 61 | PEOPLES FIN SERV | 711040105 | 27,948 | $1.4M | 0.48% |
| 62 | LCI INDS CONV | 501812ab7 | 1,390,000 | $1.3M | 0.47% |
| 63 | VE GOLD MINERS | 92189F106 | 24,452 | $1.3M | 0.44% |
| 64 | FINANCIAL INST | 317585404 | 47,925 | $1.2M | 0.43% |
| 65 | AMPHASTAR PHARMA | AMPH | 1,300,000 | $1.1M | 0.39% |
| 66 | BANC CALIFORNIA | BANC-PF | 77,750 | $1.1M | 0.38% |
| 67 | STARWOOD PPTY | STHO | 945,000 | $1.0M | 0.35% |
| 68 | ALLIANT ENERGY | LNT | 965,000 | $991,055 | 0.34% |
| 69 | WESTERN OPP FUND | 95766R104 | 101,492 | $889,068 | 0.31% |
| 70 | VGRD S&P 500 | 922908363 | 1,529 | $868,336 | 0.30% |
| 71 | MICROSOFT CORP | MSFT | 1,674 | $832,664 | 0.29% |
| 72 | SCHLUMBERGER | SLB | 24,344 | $822,822 | 0.29% |
| 73 | INVESCO MUNI | IVZ | 86,117 | $817,253 | 0.28% |
| 74 | VISHAY INTERT | VSH | 855,000 | $765,225 | 0.27% |
| 75 | SPDR PORT SP 500 | 78464A854 | 10,150 | $737,804 | 0.26% |
| 76 | INTL FLAVORS | 459506101 | 9,801 | $720,859 | 0.25% |
| 77 | CHART INDS INC | 16115q407 | 11,810 | $713,324 | 0.25% |
| 78 | CITIZENS BANC VA | CIA | 20,250 | $668,250 | 0.23% |
| 79 | ORACLE CORP | ORCL-PD | 3,000 | $655,890 | 0.23% |
| 80 | BERKSHIRE HATHA | BRK-A | 1,330 | $646,074 | 0.22% |
| 81 | HANCOCK WHITNEY | HWCPZ | 10,898 | $625,549 | 0.22% |
| 82 | M&T BANK CORP | 55261F104 | 3,179 | $616,757 | 0.21% |
| 83 | BANC OF CALIF | BANC-PF | 25,050 | $603,705 | 0.21% |
| 84 | SOUTHSTATE CORP | SSB | 5,688 | $523,421 | 0.18% |
| 85 | IS S&P US VALUE | 464287663 | 4,567 | $432,175 | 0.15% |
| 86 | CLARIVATE PLC | CLVT | 90,488 | $389,098 | 0.14% |
| 87 | FT NAS CMTY BNK | 33736Q104 | 6,974 | $378,017 | 0.13% |
| 88 | KROGER CO COM | KR | 5,162 | $370,250 | 0.13% |
| 89 | ABBVIE INC | ABBV | 1,907 | $353,977 | 0.12% |
| 90 | JPMORGAN CHASE | VYLD | 1,188 | $344,413 | 0.12% |
| 91 | EAGLE BANCORP | 26942G100 | 19,000 | $316,730 | 0.11% |
| 92 | SPDR S&P 500 | SPY | 504 | $311,164 | 0.11% |
| 93 | SEACOAST BANKIN | SE | 10,826 | $299,022 | 0.10% |
| 94 | PEBBLEBRK HOTEL | 70509vaa8 | 300,000 | $283,524 | 0.10% |
| 95 | AMAZON.COM | AMZN | 1,125 | $246,814 | 0.09% |
| 96 | FIDELITY WISEBTC | FBTC | 2,555 | $240,150 | 0.08% |
| 97 | EXPEDIA GROUP | EXPE | 245,000 | $238,140 | 0.08% |
| 98 | ALPHABET INC | GOOG | 1,229 | $216,587 | 0.08% |
| 99 | JOHNSON CONTROL | G51502105 | 1,842 | $194,552 | 0.07% |
| 100 | ALAMOS GOLD | AGI | 6,832 | $181,458 | 0.06% |
| 101 | INTL BUS MACHINE | INTR | 611 | $180,111 | 0.06% |
| 102 | SKEENA | 83056P715 | 10,500 | $167,160 | 0.06% |
| 103 | ALBEMARLE CORP | ALB-PA | 5,125 | $164,513 | 0.06% |
| 104 | FRANKLIN FINANC | 353525108 | 4,400 | $152,350 | 0.05% |
| 105 | SCHWAB INTL EQUI | 808524805 | 6,000 | $132,600 | 0.05% |
| 106 | EXXON MOBIL | XOM | 1,225 | $132,055 | 0.05% |
| 107 | TAIWAN SEMICOND | 874039100 | 570 | $129,099 | 0.04% |
| 108 | DUK ENRGY | DUKB | 1,086 | $128,148 | 0.04% |
| 109 | VE GLBL WIDE MT | 92189F122 | 2,925 | $124,181 | 0.04% |
| 110 | GREENBRIER COS | 393657am3 | 117,000 | $124,172 | 0.04% |
| 111 | SPDR GOLD TRUST | GLD | 395 | $120,408 | 0.04% |
| 112 | INV QQQ TRUST | IVZ | 216 | $119,403 | 0.04% |
| 113 | IS RUS MID VALU | 464287473 | 886 | $117,076 | 0.04% |
| 114 | HALOZYME THERAP | HALO | 110,000 | $109,313 | 0.04% |
| 115 | ISHARES TRUST 1-3 | 464287457 | 1,286 | $106,558 | 0.04% |
| 116 | INVESCO S&P 500 | IVZ | 560 | $101,774 | 0.04% |