13F HOLDINGS REPORT
Cutler Capital Management, LLC
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001353098-25-000008
Total Value
$313.8M
Positions
124
Other Managers
0
Confidential Omitted
No
Holdings (124)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AGNICO-EAGLE | AEM | 122,357 | $20.6M | 6.57% |
| 2 | METLIFE INC | MET-PF | 165,682 | $13.6M | 4.35% |
| 3 | CTO REALTY GRW | 22948Q101 | 664,979 | $10.8M | 3.45% |
| 4 | TIMBERLAND BANC | TSBK | 291,802 | $9.7M | 3.09% |
| 5 | EXCHANGE BANK | 301227203 | 76,154 | $8.7M | 2.77% |
| 6 | FIRST BUSINESS | 319390100 | 155,493 | $8.0M | 2.54% |
| 7 | SHELL PLC | RYDAF | 110,626 | $7.9M | 2.52% |
| 8 | SB FINANCIAL | 78408D105 | 391,683 | $7.6M | 2.41% |
| 9 | PPL CAPITAL | PPLC | 6,315,000 | $7.2M | 2.30% |
| 10 | FIDELITY CVNGTN | 316092402 | 271,219 | $6.7M | 2.14% |
| 11 | PARKE BANCORP | PKBK | 310,657 | $6.7M | 2.13% |
| 12 | BUNGE LIMITED | BG | 80,368 | $6.5M | 2.08% |
| 13 | PFIZER INC | PFE | 253,493 | $6.5M | 2.06% |
| 14 | ENERGY TRANSFER | ET-PI | 361,397 | $6.2M | 1.98% |
| 15 | INNOVIVA INC | INVA | 6,375,000 | $6.2M | 1.97% |
| 16 | JAZZ INVEST | 472145af8 | 5,720,000 | $6.1M | 1.94% |
| 17 | VICI PRPTY | 925652109 | 166,835 | $5.4M | 1.73% |
| 18 | KIMCO REALTY | KIM-PN | 90,465 | $5.4M | 1.72% |
| 19 | BENCHMARK BANK | BMBN | 170,282 | $5.2M | 1.66% |
| 20 | MERCK&CO INC | MRK | 58,232 | $4.9M | 1.56% |
| 21 | LEDYARD FINAN | 523338101 | 337,321 | $4.7M | 1.51% |
| 22 | FIRST NATL VA | 32106V107 | 202,716 | $4.6M | 1.47% |
| 23 | VIATRIS INC | VTRS | 463,972 | $4.6M | 1.46% |
| 24 | VERIZON COMM | VZ | 103,726 | $4.6M | 1.45% |
| 25 | POTOMAC BANC | 737643106 | 230,220 | $4.3M | 1.38% |
| 26 | BANK BOTETOURT | 063907208 | 110,284 | $4.3M | 1.37% |
| 27 | PROGRESS SOFTWARE | 743312ad2 | 4,165,000 | $4.2M | 1.33% |
| 28 | WEYERHAEUSER | WY | 164,410 | $4.1M | 1.30% |
| 29 | FLAGSTAR FNCL | 64944p307 | 97,812 | $3.9M | 1.24% |
| 30 | CHESPKE FINAN | CPKF | 178,906 | $3.9M | 1.23% |
| 31 | SIRIUS XM HLDNGS | FWONB | 3,533,000 | $3.7M | 1.17% |
| 32 | F&M BANK CORP | FMBM | 135,864 | $3.5M | 1.12% |
| 33 | APPLE HOPTLY | APLE | 287,270 | $3.5M | 1.10% |
| 34 | CMNTY WST BANC | CWBC | 162,152 | $3.4M | 1.08% |
| 35 | GLOBAL MEDICAL | 37954A303 | 99,453 | $3.4M | 1.07% |
| 36 | CSB BANCORP | CSBB | 67,000 | $3.3M | 1.06% |
| 37 | ALERUS FINAN | 01446U103 | 148,000 | $3.3M | 1.04% |
| 38 | ENERGIZER HLDNG | ENR | 126,908 | $3.2M | 1.01% |
| 39 | LIBERTY MEDIA | FWONB | 2,350,000 | $3.1M | 0.99% |
| 40 | MERCHANTS FINL | 588538108 | 111,900 | $3.0M | 0.96% |
| 41 | HCI GROUP INC | HCIIP | 15,292 | $2.9M | 0.94% |
| 42 | VE WIDE MOAT | 92189F643 | 28,028 | $2.8M | 0.89% |
| 43 | LXP INDUSTRIAL | LXP-PC | 289,089 | $2.6M | 0.83% |
| 44 | SFL CORP LTD | SFL | 343,792 | $2.6M | 0.83% |
| 45 | ALBERTSONS COS | 013091103 | 147,737 | $2.6M | 0.82% |
| 46 | AMERICAN INTL | 026874784 | 32,800 | $2.6M | 0.82% |
| 47 | AMERIS BANCORP | ABCB | 34,459 | $2.5M | 0.81% |
| 48 | DUKE ENERGY | DUKB | 2,145,000 | $2.3M | 0.73% |
| 49 | FORD MOTOR CO | F-PD | 2,270,000 | $2.3M | 0.73% |
| 50 | FIRST CMNTY SC | 319835104 | 76,500 | $2.2M | 0.69% |
| 51 | FSBH CORP | 30325F101 | 210,000 | $2.1M | 0.67% |
| 52 | EPR PRPTY | 26884U208 | 81,995 | $2.1M | 0.66% |
| 53 | CNH INDUSTRIAL | N20944109 | 173,063 | $1.9M | 0.60% |
| 54 | AT&T INC | T-PC | 64,856 | $1.8M | 0.58% |
| 55 | VE GOLD MINERS | 92189F106 | 23,657 | $1.8M | 0.58% |
| 56 | ETSY INC BOND | ETSY | 1,940,000 | $1.8M | 0.57% |
| 57 | AMPHASTAR PHARMA | AMPH | 1,965,000 | $1.8M | 0.57% |
| 58 | NORTHERN OIL | 665531aj8 | 1,610,000 | $1.6M | 0.51% |
| 59 | AIRBNB INC BOND | 009066ab7 | 1,630,000 | $1.6M | 0.51% |
| 60 | PACIRA BIOSCIENCE | PCRX | 1,495,000 | $1.5M | 0.48% |
| 61 | TYSON FOODS | TSN | 27,251 | $1.5M | 0.47% |
| 62 | LCI INDS CONV | 501812ab7 | 1,482,000 | $1.4M | 0.45% |
| 63 | PEOPLES FIN SERV | 711040105 | 27,948 | $1.4M | 0.43% |
| 64 | SCHLUMBERGER | SLB | 38,952 | $1.3M | 0.43% |
| 65 | VGRD S&P 500 | 922908363 | 2,152 | $1.3M | 0.42% |
| 66 | FINANCIAL INST | 317585404 | 48,328 | $1.3M | 0.42% |
| 67 | BANC CALIFORNIA | BANC-PF | 78,750 | $1.3M | 0.42% |
| 68 | SOLVAY BANK | 83441Q105 | 40,065 | $1.2M | 0.38% |
| 69 | HAEMONETICS CORP | HAE | 1,160,000 | $1.1M | 0.34% |
| 70 | ALLIANT ENERGY | LNT | 965,000 | $1.0M | 0.33% |
| 71 | STARWOOD PPTY | STHO | 935,000 | $988,295 | 0.31% |
| 72 | WESTERN OPP FUND | 95766R104 | 103,892 | $923,598 | 0.29% |
| 73 | MICROSOFT CORP | MSFT | 1,699 | $879,997 | 0.28% |
| 74 | MICROSOFT CORP | MSFT | 1,699 | $879,997 | 0.28% |
| 75 | INVESCO MUNI | IVZ | 86,117 | $871,507 | 0.28% |
| 76 | ORACLE CORP | ORCL-PD | 3,000 | $843,720 | 0.27% |
| 77 | SPDR PORT SP 500 | IVZ | 10,150 | $795,151 | 0.25% |
| 78 | CITIZENS BANC VA | CIA | 24,550 | $781,918 | 0.25% |
| 79 | VISHAY INTERT | VSH | 850,000 | $771,877 | 0.25% |
| 80 | HANCOCK WHITNEY | HWCPZ | 10,898 | $682,328 | 0.22% |
| 81 | GUESS INC | 401617af2 | 680,000 | $673,363 | 0.21% |
| 82 | BERKSHIRE HATHA | BRK-A | 1,330 | $668,644 | 0.21% |
| 83 | M&T BANK CORP | 55261F104 | 3,238 | $639,957 | 0.20% |
| 84 | EVERSOURCE | ES | 8,747 | $622,262 | 0.20% |
| 85 | INTL FLAVORS | 459506101 | 9,801 | $603,150 | 0.19% |
| 86 | SOUTHSTATE CORP | SSB | 5,688 | $562,324 | 0.18% |
| 87 | WINNEBAGO INDS | 974637af7 | 570,000 | $509,010 | 0.16% |
| 88 | IS S&P US VALUE | 464287663 | 4,550 | $454,773 | 0.14% |
| 89 | ISHARES US REGIO | 464288778 | 8,600 | $451,758 | 0.14% |
| 90 | ABBVIE INC | ABBV | 1,915 | $443,399 | 0.14% |
| 91 | ALAMOS GOLD | AGI | 11,582 | $403,749 | 0.13% |
| 92 | FT NAS CMTY BNK | 33736Q104 | 6,976 | $391,693 | 0.12% |
| 93 | JPMORGAN CHASE | VYLD | 1,188 | $374,731 | 0.12% |
| 94 | BEACON FINANCIAL | BBT | 14,957 | $354,630 | 0.11% |
| 95 | KROGER CO COM | KR | 5,162 | $347,951 | 0.11% |
| 96 | CLARIVATE PLC | CLVT | 87,588 | $335,462 | 0.11% |
| 97 | SPDR S&P 500 | SPY | 502 | $334,357 | 0.11% |
| 98 | SEACOAST BANKIN | SE | 10,826 | $329,444 | 0.10% |
| 99 | ALPHABET INC | GOOG | 1,285 | $312,384 | 0.10% |
| 100 | PEBBLEBRK HOTEL | 70509vaa8 | 300,000 | $295,647 | 0.09% |
| 101 | SKEENA | 83056P715 | 14,500 | $267,235 | 0.09% |
| 102 | FIDELITY WISEBTC | FBTC | 2,555 | $255,021 | 0.08% |
| 103 | AMAZON.COM | AMZN | 1,152 | $252,945 | 0.08% |
| 104 | INV QQQ TRUST | IVZ | 359 | $215,657 | 0.07% |
| 105 | FRANKLIN FINANC | 353525108 | 4,400 | $202,400 | 0.06% |
| 106 | ALBEMARLE CORP | ALB-PA | 5,125 | $194,135 | 0.06% |
| 107 | JOHNSON CONTROL | G51502105 | 1,732 | $190,433 | 0.06% |
| 108 | INTL BUS MACHINE | INTR | 611 | $172,400 | 0.05% |
| 109 | SPDR GOLD TRUST | GLD | 456 | $162,094 | 0.05% |
| 110 | EAGLE BANCORP | 26942G100 | 9,000 | $155,430 | 0.05% |
| 111 | DUK ENRGY | DUKB | 1,219 | $150,851 | 0.05% |
| 112 | EXXON MOBIL | XOM | 1,293 | $145,786 | 0.05% |
| 113 | TAIWAN SEMICOND | 874039100 | 504 | $140,762 | 0.04% |
| 114 | SCHWAB INTL EQUI | 808524805 | 6,000 | $139,680 | 0.04% |
| 115 | VE GLBL WIDE MT | 92189F122 | 2,925 | $131,611 | 0.04% |
| 116 | HECLA MINING CO | 422704106 | 10,500 | $127,050 | 0.04% |
| 117 | HALOZYME THERAP | HALO | 110,000 | $125,813 | 0.04% |
| 118 | GREENBRIER COS | 393657am3 | 117,000 | $125,237 | 0.04% |
| 119 | IS RUS MID VALU | 464287473 | 886 | $123,748 | 0.04% |
| 120 | SOUTHERN CO | SOMN | 1,184 | $112,208 | 0.04% |
| 121 | INVESCO S&P 500 | IVZ | 560 | $106,232 | 0.03% |
| 122 | LOWE'S COS INC | 548661107 | 420 | $105,550 | 0.03% |
| 123 | META PLATFORMS | META | 141 | $103,548 | 0.03% |
| 124 | APPLE INC | AAPL | 290 | $73,842 | 0.02% |