Institutional Manager · CIK 0001557406
Sippican Capital Advisors
BOSTON, MA · File #028-16310
Latest AUM
$155.6M
Positions
113
Top-10 Concentration
36.2%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | Alpha Architect 1-3 Month Box | 02072l565 | +20,990 | +$2.4M | +$21,825 |
| REDUCE | Citigroup Inc | C-PR | -13,578 | -$1.6M | +$422,511 |
| REDUCE | MidWestOne Financial Group Inc | 598511103 | -39,880 | -$1.5M | +$669,408 |
| ADD | Eagle Bancorp Inc MD | EGBN | +60,920 | +$1.3M | +$45,312 |
| ADD | Amazon.com Inc | AMZN | +4,253 | +$981,677 | +$15,525 |
| ADD | Flagstar Financial Inc Com New | FLG-PU | +74,425 | +$937,011 | +$77,355 |
| EXITED | Veritex Holdings Inc | 923451108 | -26,655 | -$893,742 | $0 |
| REDUCE | Davita Inc | DVA | -6,619 | -$751,984 | -$191,465 |
| EXITED | GE Healthcare Technologies Inc | 36266g107 | -9,289 | -$697,603 | $0 |
| ADD | Goodyear Tire & Rubber Co | 382550101 | +78,490 | +$687,572 | +$304,180 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025113 pos · $155.6M
- 13F HOLDINGS REPORTQ/E Sep 2025114 pos · $151.3M
- 13F HOLDINGS REPORTQ/E Jun 2025112 pos · $137.7M
- 13F HOLDINGS REPORTQ/E Mar 2025109 pos · $132.7M
- 13F HOLDINGS REPORTQ/E Dec 2024112 pos · $137.3M
- 13F HOLDINGS REPORTQ/E Sep 2024113 pos · $143.3M
- 13F HOLDINGS REPORTQ/E Jun 2024113 pos · $126.4M
- 13F HOLDINGS REPORTQ/E Mar 2024114 pos · $128.6M
- 13F HOLDINGS REPORTQ/E Dec 2023109 pos · $110.7M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Bancorp Inc | TBBK | 153,461 | $10.4M | 8.49% |
| 2 | Ge Aerospace | 369604301 | 15,492 | $4.8M | 3.91% |
| 3 | Triumph Financial Inc | 89679e300 | 72,948 | $4.6M | 3.74% |
| 4 | Alpha Architect 1-3 Month Box | 02072l565 | 38,628 | $4.4M | 3.64% |
| 5 | NVR Inc | NVR | 507 | $3.7M | 3.03% |
| 6 | Exxon Mobil Corp | XOM | 28,119 | $3.4M | 2.77% |
| 7 | Bristol-Myers Squibb Co | CELG-RI | 62,052 | $3.3M | 2.74% |
| 8 | Alphabet Inc Cap Stock Cl C | GOOG | 10,545 | $3.3M | 2.71% |
| 9 | Lilly Eli & Co | LLY | 2,999 | $3.2M | 2.64% |
| 10 | Columbia Banking Systems Inc | 197236102 | 110,077 | $3.1M | 2.52% |
| 11 | AbbVie Inc | ABBV | 13,459 | $3.1M | 2.52% |
| 12 | 3M Co | MMM | 18,927 | $3.0M | 2.48% |
| 13 | Customers Bancorp Inc | CUBB | 40,580 | $3.0M | 2.43% |
| 14 | Rtx Corporation Com | RTX | 15,769 | $2.9M | 2.37% |
| 15 | Chevron Corp | CVX | 18,727 | $2.9M | 2.34% |
| 16 | Goodyear Tire & Rubber Co | 382550101 | 316,130 | $2.8M | 2.27% |
| 17 | Alerus Financial Corp | ALRS | 113,841 | $2.6M | 2.10% |
| 18 | Pfizer Inc | PFE | 100,867 | $2.5M | 2.06% |
| 19 | Banc Of California Inc | BANC-PF | 124,595 | $2.4M | 1.97% |
| 20 | Fidelity Tr 500 Index Ins Prem | 315911750 | 10,010 | $2.4M | 1.95% |