13F HOLDINGS REPORT
Cutler Capital Management, LLC
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001353098-26-000002
Total Value
$343.1M
Positions
122
Other Managers
0
Confidential Omitted
No
Holdings (122)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AGNICO-EAGLE | AEM | 120,114 | $20.4M | 5.93% |
| 2 | METLIFE INC | MET-PF | 166,126 | $13.1M | 3.82% |
| 3 | CTO REALTY GRW | 22948Q101 | 663,543 | $12.2M | 3.56% |
| 4 | TIMBERLAND BANC | TSBK | 291,802 | $10.4M | 3.04% |
| 5 | EXCHANGE BANK | 301227203 | 76,041 | $9.9M | 2.88% |
| 6 | SB FINANCIAL | 78408D105 | 390,982 | $8.7M | 2.54% |
| 7 | FIRST BUSINESS | 319390100 | 153,785 | $8.4M | 2.43% |
| 8 | SHELL PLC | RYDAF | 111,326 | $8.2M | 2.38% |
| 9 | PARKE BANCORP | PKBK | 316,453 | $7.9M | 2.31% |
| 10 | BUNGE LIMITED | BG | 79,920 | $7.1M | 2.07% |
| 11 | PPL CAPITAL | PPLC | 6,305,000 | $6.9M | 2.02% |
| 12 | FIDELITY CVNGTN | 316092402 | 275,160 | $6.8M | 1.99% |
| 13 | JAZZ INVEST | 472145af8 | 5,665,000 | $6.5M | 1.91% |
| 14 | INNOVIVA INC | INVA | 6,375,000 | $6.5M | 1.89% |
| 15 | PFIZER INC | PFE | 249,731 | $6.2M | 1.81% |
| 16 | MERCK&CO INC | MRK | 58,532 | $6.2M | 1.80% |
| 17 | ENERGY TRANSFER | ET-PI | 373,291 | $6.2M | 1.79% |
| 18 | BENCHMARK BANK | BMBN | 172,882 | $5.8M | 1.68% |
| 19 | VIATRIS INC | VTRS | 457,572 | $5.7M | 1.66% |
| 20 | VERIZON COMM | VZ | 137,744 | $5.6M | 1.64% |
| 21 | KIMCO REALTY | KIM-PN | 89,993 | $5.3M | 1.54% |
| 22 | VICI PRPTY | 925652109 | 187,035 | $5.3M | 1.53% |
| 23 | GLOBAL MEDICAL | 37954A303 | 155,022 | $5.2M | 1.52% |
| 24 | FIRST NATL VA | 32106V107 | 203,109 | $5.1M | 1.49% |
| 25 | CHESPKE FINAN | CPKF | 178,500 | $5.0M | 1.47% |
| 26 | LEDYARD FINAN | 523338101 | 336,121 | $5.0M | 1.47% |
| 27 | PROGRESS SOFTWARE | 743312ad2 | 4,945,000 | $5.0M | 1.46% |
| 28 | SIRIUS XM HLDNGS | FWONB | 4,888,000 | $4.9M | 1.43% |
| 29 | BANK BOTETOURT | 063907208 | 111,034 | $4.9M | 1.42% |
| 30 | APPLE INC | AAPL | 17,500 | $4.8M | 1.39% |
| 31 | MICROSOFT CORP | MSFT | 90,000 | $4.4M | 1.27% |
| 32 | POTOMAC BANC | 737643106 | 230,620 | $4.2M | 1.23% |
| 33 | MERCHANTS FINL | 588538108 | 125,850 | $4.0M | 1.17% |
| 34 | WEYERHAEUSER | WY | 166,060 | $3.9M | 1.15% |
| 35 | F&M BANK CORP | FMBM | 135,864 | $3.9M | 1.13% |
| 36 | CMNTY WST BANC | CWBC | 162,829 | $3.7M | 1.07% |
| 37 | CSB BANCORP | CSBB | 67,000 | $3.6M | 1.05% |
| 38 | APPLE HOPTLY | APLE | 290,270 | $3.4M | 1.00% |
| 39 | FLAGSTAR FNCL | 64944p307 | 85,179 | $3.4M | 0.99% |
| 40 | FSBH CORP | 30325F101 | 210,000 | $3.3M | 0.95% |
| 41 | VE WIDE MOAT | 92189F643 | 30,598 | $3.2M | 0.92% |
| 42 | ALERUS FINAN | 01446U103 | 138,000 | $3.1M | 0.91% |
| 43 | LIBERTY MEDIA | FWONB | 2,350,000 | $3.0M | 0.87% |
| 44 | HCI GROUP INC | HCIIP | 15,293 | $2.9M | 0.85% |
| 45 | AMERICAN INTL | 026874784 | 32,800 | $2.8M | 0.82% |
| 46 | NORTHERN OIL | 665531aj8 | 2,810,000 | $2.7M | 0.79% |
| 47 | LXP INDUSTRIAL | LXP-PC | 54,226 | $2.7M | 0.78% |
| 48 | SFL CORP LTD | SFL | 334,392 | $2.6M | 0.76% |
| 49 | ALBERTSONS COS | 013091103 | 146,712 | $2.5M | 0.73% |
| 50 | AMERIS BANCORP | ABCB | 33,459 | $2.5M | 0.72% |
| 51 | ENERGIZER HLDNG | ENR | 119,975 | $2.4M | 0.70% |
| 52 | FIRST CMNTY SC | 319835104 | 76,500 | $2.3M | 0.66% |
| 53 | DUKE ENERGY | DUKB | 2,085,000 | $2.1M | 0.63% |
| 54 | VE GOLD MINERS | 92189F106 | 23,387 | $2.0M | 0.58% |
| 55 | SCHLUMBERGER | SLB | 49,452 | $1.9M | 0.55% |
| 56 | BEACON FINANCIAL | BBT | 69,183 | $1.8M | 0.53% |
| 57 | EPR PRPTY | 26884U208 | 81,995 | $1.8M | 0.53% |
| 58 | AMPHASTAR PHARMA | AMPH | 1,965,000 | $1.8M | 0.53% |
| 59 | ETSY INC BOND | ETSY | 1,905,000 | $1.8M | 0.51% |
| 60 | FORD MOTOR CO | F-PD | 1,615,000 | $1.7M | 0.49% |
| 61 | VGRD S&P 500 | 922908363 | 2,655 | $1.7M | 0.49% |
| 62 | TYSON FOODS | TSN | 27,107 | $1.6M | 0.46% |
| 63 | AIRBNB INC BOND | 009066ab7 | 1,600,000 | $1.6M | 0.46% |
| 64 | CNH INDUSTRIAL | N20944109 | 170,563 | $1.6M | 0.46% |
| 65 | AT&T INC | T-PC | 62,356 | $1.5M | 0.45% |
| 66 | FINANCIAL INST | 317585404 | 49,428 | $1.5M | 0.45% |
| 67 | BANC CALIFORNIA | BANC-PF | 78,750 | $1.5M | 0.44% |
| 68 | PACIRA BIOSCIENCE | PCRX | 1,495,000 | $1.5M | 0.44% |
| 69 | LCI INDS CONV | 501812ab7 | 1,482,000 | $1.5M | 0.42% |
| 70 | PEOPLES FIN SERV | 711040105 | 28,748 | $1.4M | 0.41% |
| 71 | HAEMONETICS CORP | HAE | 1,160,000 | $1.2M | 0.35% |
| 72 | SOLVAY BANK | 83441Q105 | 37,665 | $1.1M | 0.31% |
| 73 | ALLIANT ENERGY | LNT | 935,000 | $971,465 | 0.28% |
| 74 | STARWOOD PPTY | STHO | 935,000 | $965,855 | 0.28% |
| 75 | INVESCO MUNI | IVZ | 86,117 | $893,036 | 0.26% |
| 76 | WESTERN OPP FUND | 95766R104 | 103,892 | $892,430 | 0.26% |
| 77 | CITIZENS BANC VA | CIA | 25,250 | $849,915 | 0.25% |
| 78 | SPDR PORT SP 500 | 78464A854 | 9,995 | $801,799 | 0.23% |
| 79 | MICROSOFT CORP | MSFT | 1,646 | $796,039 | 0.23% |
| 80 | ISHARES US REGIO | 464288778 | 14,000 | $772,100 | 0.23% |
| 81 | VISHAY INTERT | VSH | 850,000 | $762,875 | 0.22% |
| 82 | HANCOCK WHITNEY | HWCPZ | 10,898 | $693,989 | 0.20% |
| 83 | BERKSHIRE HATHA | BRK-A | 1,330 | $668,525 | 0.19% |
| 84 | NORTHERN OIL | NOG | 30,900 | $663,423 | 0.19% |
| 85 | M&T BANK CORP | 55261F104 | 3,238 | $652,457 | 0.19% |
| 86 | INTL FLAVORS | 459506101 | 9,593 | $646,468 | 0.19% |
| 87 | ORACLE CORP | ORCL-PD | 3,000 | $584,730 | 0.17% |
| 88 | SOUTHSTATE CORP | 84472E102 | 5,723 | $538,608 | 0.16% |
| 89 | WINNEBAGO INDS | 974637af7 | 570,000 | $534,375 | 0.16% |
| 90 | FT NAS CMTY BNK | 33736Q104 | 8,587 | $486,564 | 0.14% |
| 91 | IS S&P US VALUE | 464287663 | 4,550 | $466,557 | 0.14% |
| 92 | EVERSOURCE | ES | 6,747 | $454,276 | 0.13% |
| 93 | ALAMOS GOLD | AGI | 11,422 | $440,661 | 0.13% |
| 94 | ABBVIE INC | ABBV | 1,915 | $437,558 | 0.13% |
| 95 | JPMORGAN CHASE | VYLD | 1,188 | $382,797 | 0.11% |
| 96 | ALPHABET INC | GOOG | 1,147 | $359,011 | 0.10% |
| 97 | SEACOAST BANKIN | SE | 10,826 | $340,162 | 0.10% |
| 98 | SPDR S&P 500 | SPY | 493 | $336,298 | 0.10% |
| 99 | SKEENA | 83056P715 | 13,805 | $327,593 | 0.10% |
| 100 | KROGER CO COM | KR | 5,155 | $322,061 | 0.09% |
| 101 | ALBEMARLE CORP | ALB-PA | 5,125 | $304,374 | 0.09% |
| 102 | PEBBLEBRK HOTEL | 70509vaa8 | 300,000 | $289,500 | 0.08% |
| 103 | FIDELITY FNDMNTL | 316092295 | 8,085 | $248,129 | 0.07% |
| 104 | INV QQQ TRUST | IVZ | 385 | $236,666 | 0.07% |
| 105 | AMAZON.COM | AMZN | 1,005 | $231,974 | 0.07% |
| 106 | FRANKLIN FINANC | 353525108 | 4,400 | $220,880 | 0.06% |
| 107 | HECLA MINING CO | 422704106 | 10,000 | $191,900 | 0.06% |
| 108 | JOHNSON CONTROL | G51502105 | 1,550 | $185,613 | 0.05% |
| 109 | INTL BUS MACHINE | INTR | 611 | $180,984 | 0.05% |
| 110 | SPDR GOLD TRUST | GLD | 456 | $180,717 | 0.05% |
| 111 | EAGLE BANCORP | 26942G100 | 9,000 | $179,100 | 0.05% |
| 112 | EXXON MOBIL | XOM | 1,293 | $155,600 | 0.05% |
| 113 | TAIWAN SEMICOND | 874039100 | 504 | $153,161 | 0.04% |
| 114 | ISHARES SILVER | SLV | 2,375 | $152,998 | 0.04% |
| 115 | DUK ENRGY | DUKB | 1,183 | $138,659 | 0.04% |
| 116 | GREENBRIER COS | 393657am3 | 117,000 | $125,693 | 0.04% |
| 117 | HALOZYME THERAP | HALO | 110,000 | $118,525 | 0.03% |
| 118 | ALPHABET INC | GOOG | 375 | $117,675 | 0.03% |
| 119 | VE GLBL WIDE MT | 92189F122 | 2,925 | $113,397 | 0.03% |
| 120 | INVESCO S&P 500 | IVZ | 560 | $107,274 | 0.03% |
| 121 | LOWE'S COS INC | 548661107 | 420 | $101,287 | 0.03% |
| 122 | BARRICK MNG | 06849F108 | 2,325 | $101,254 | 0.03% |