Cutler Capital Management
WORCESTER, MAfiles as Cutler Capital Management, LLC
$332m in 105 US stocks at the end of 30 June 2026. The top 10 are 35.7% of the money. It changed about 7.3% of the portfolio this quarter.
Value
$332m
Stocks
105
Top 10 share
35.7%
Turnover
7.3%
What changed this quarter
New
Bought for the first time this quarter.
- Alphabet0.6% of the fund
- Vanguard Intl Equity Index FVT0.3% of the fund
- AppleAAPL<0.1% of the fund
- Total Return Securities FundSWZ<0.1% of the fund
- James Hardie IndustriesJHX<0.1% of the fund
- Cheniere EnergyLNG<0.1% of the fund
- Devon EnergyDVN<0.1% of the fund
- Select Sector Spdr TRXLK<0.1% of the fund
- Occidental PetroleumOXY<0.1% of the fund
- Ishares TRIWS<0.1% of the fund
- TerexTEX<0.1% of the fund
- AgcoAGCO<0.1% of the fund
- Invesco Exchange Traded FD TRSP<0.1% of the fund
Added
Bought more of a stock they already held.
- Benchmark BanksharesBMBN2.2% of the fund+4%
- Chiron Real EstateXRN2.0% of the fund+5%
- Bank of Amer1.9% of the fund+46%
- Verizon CommunicationsVZ1.9% of the fund+3%
- Ledyard Financial Group INC COM Usd1.00LFGP1.8% of the fund+2%
- Merchants Finl GroupMFGI1.6% of the fund+5%
- WeyerhaeuserWY1.4% of the fund+9%
- Northern Oil & GasNOG1.2% of the fund+204%
- Vaneck ETF TrustMOAT1.2% of the fund+2%
- Energizer HoldingsENR1.0% of the fund+6%
- Beacon FinancialBBT0.9% of the fund+26%
- Albertsons CompaniesACI0.8% of the fund+24%
- Vanguard Index FDSVOO0.7% of the fund+9%
- SLB LimitedSLB0.7% of the fund+4%
- AT&TT0.6% of the fund+58%
- Vaneck ETF TrustGDX0.5% of the fund+5%
- Western Asset Inflation-Linked Opportunities & Income FundWIW0.3% of the fund+6%
- Alamos GoldAGI0.2% of the fund+139%
- SouthState BankSSB0.2% of the fund+2%
- Spdr Gold TRGLD<0.1% of the fund+85%
Cut
Sold some of their stake.
- MetLifeMET4.4% of the fund-2%
- Timberland BancorpTSBK3.9% of the fund-2%
- MerckMRK2.1% of the fund-6%
- Energy Transfer L PET2.0% of the fund-8%
- Kimco Realty1.7% of the fund-3%
- CSB BancorpCSBB1.3% of the fund-12%
- SFLSFL1.0% of the fund-3%
- Ameris BancorpABCB0.8% of the fund-3%
- LXP Industrial TrustLXP0.8% of the fund-9%
- HCI GroupHCI0.8% of the fund-3%
- Flagstar Bank National Assoc0.7% of the fund-4%
- Tyson FoodsTSN0.5% of the fund-2%
- International Flavors & FragrancesIFF0.2% of the fund-9%
- First TR Exchange-Traded FDQABA0.2% of the fund-3%
- Berkshire HathawayBRK-B0.2% of the fund-10%
- AbbVieABBV0.1% of the fund-15%
- State STR Spdr S&P 500 ETF TSPY0.1% of the fund-7%
- Fidelity Covington TrustFFSM<0.1% of the fund-3%
- Eversource EnergyES<0.1% of the fund-2%
- AlphabetGOOGL<0.1% of the fund-52%
Sold out
Sold their entire stake.
- Vaneck ETF TrustMOTG-100%
- AlphabetGOOG-100%
- Johnson Controls InternationalJCI-100%
Holdings
- Agnico Eagle MinesAEM
- Share
- 5.4%
- Value
- $18m
- Shares
- 116,334
Held
- Exchange BK Santa Rosa Calif.comEXSR
- Share
- 3.7%
- Value
- $12m
- Shares
- 74,934
Held
- ShellSHEL
- Share
- 2.6%
- Value
- $8m
- Shares
- 109,361
Held
- Fidelity Covington TrustFENY
- Share
- 2.4%
- Value
- $8m
- Shares
- 267,547
Held
- Benchmark BanksharesBMBN
- Share
- 2.2%
- Value
- $7m
- Shares
- 179,382
+4%
- Energy Transfer L PET
- Share
- 2.0%
- Value
- $7m
- Shares
- 345,960
-8%
- Bank of BotetourtBORT
- Share
- 2.0%
- Value
- $7m
- Shares
- 122,465
Held
- Chesapeake Financial SharesCPKF
- Share
- 1.9%
- Value
- $6m
- Shares
- 178,850
Held
- Bank of Amer
- Share
- 1.9%
- Value
- $6m
- Shares
- 4,905
+46%
- Ledyard Financial Group INC COM Usd1.00LFGP
- Share
- 1.8%
- Value
- $6m
- Shares
- 343,621
+2%
- Potomac Bancshares INC.comPTBS
- Share
- 1.7%
- Value
- $6m
- Shares
- 231,048
Held
- Kimco Realty
- Share
- 1.7%
- Value
- $5m
- Shares
- 87,693
-3%
- Merchants Finl GroupMFGI
- Share
- 1.6%
- Value
- $5m
- Shares
- 132,830
+5%
- F & M BankFMBM
- Share
- 1.5%
- Value
- $5m
- Shares
- 134,364
Held
- CSB BancorpCSBB
- Share
- 1.3%
- Value
- $4m
- Shares
- 58,284
-12%
- Fsbh Corp.comFSBH
- Share
- 1.2%
- Value
- $4m
- Shares
- 240,000
Held
- Vaneck ETF TrustMOAT
- Share
- 1.2%
- Value
- $4m
- Shares
- 37,508
+2%
- Vanguard Index FDSVOO
- Share
- 0.7%
- Value
- $2m
- Shares
- 3,462
+9%
- Flagstar Bank National Assoc
- Share
- 0.7%
- Value
- $2m
- Shares
- 53,868
-4%
- Alphabet
- Share
- 0.6%
- Value
- $2m
- Shares
- 37,775
New
- Vaneck ETF TrustGDX
- Share
- 0.5%
- Value
- $2m
- Shares
- 23,142
+5%
- Solvay BK Corp Solvay New York.comSOBS
- Share
- 0.4%
- Value
- $1m
- Shares
- 37,591
Held
- Ishares TRIAT
- Share
- 0.3%
- Value
- $1m
- Shares
- 18,000
Held
- Citizens Bancorp VACZBT
- Share
- 0.3%
- Value
- $1m
- Shares
- 28,525
Held
- Vanguard Intl Equity Index FVT
- Share
- 0.3%
- Value
- $962,888
- Shares
- 6,135
New
- Western Asset Inflation-Linked Opportunities & Income FundWIW
- Share
- 0.3%
- Value
- $940,731
- Shares
- 111,992
+6%
- Invesco Trust for Investment Grade MunicipalsVGM
- Share
- 0.3%
- Value
- $912,843
- Shares
- 86,117
Held
- Alamos GoldAGI
- Share
- 0.2%
- Value
- $785,703
- Shares
- 25,897
+139%
- First TR Exchange-Traded FDQABA
- Share
- 0.2%
- Value
- $664,002
- Shares
- 9,868
-3%
- Ishares TRIUSV
- Share
- 0.2%
- Value
- $501,183
- Shares
- 4,550
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.1%
- Value
- $334,307
- Shares
- 448
-7%
- Skeena ResourcesSKE
- Share
- <0.1%
- Value
- $316,721
- Shares
- 11,880
Held
- Spdr Gold TRGLD
- Share
- <0.1%
- Value
- $310,176
- Shares
- 842
+85%
- Fidelity Covington TrustFFSM
- Share
- <0.1%
- Value
- $300,331
- Shares
- 7,860
-3%
- Albemarle
- Share
- <0.1%
- Value
- $258,761
- Shares
- 4,675
Held
- Total Return Securities FundSWZ
- Share
- <0.1%
- Value
- $213,371
- Shares
- 35,921
New
- Invesco QQQ TRQQQ
- Share
- <0.1%
- Value
- $168,113
- Shares
- 228
Held
- Select Sector Spdr TRXLK
- Share
- <0.1%
- Value
- $114,312
- Shares
- 600
New
- Ishares TRIWS
- Share
- <0.1%
- Value
- $112,586
- Shares
- 684
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Agnico Eagle MinesAEM | 5.4% | $18m | 116,334 | Held |
| MetLifeMET | 4.4% | $15m | 171,535 | -2% |
| CTO Realty GrowthCTO | 4.2% | $14m | 651,274 | Held |
| Timberland BancorpTSBK | 3.9% | $13m | 285,258 | -2% |
| Exchange BK Santa Rosa Calif.comEXSR | 3.7% | $12m | 74,934 | Held |
| Parke BancorpPKBK | 3.1% | $10m | 314,126 | Held |
| SB Financial GroupSBFG | 3.0% | $10m | 387,852 | Held |
| First Business Financial ServicesFBIZ | 2.9% | $10m | 154,346 | Held |
| ShellSHEL | 2.6% | $8m | 109,361 | Held |
| Bunge Global SABG | 2.5% | $8m | 77,792 | Held |
| Fidelity Covington TrustFENY | 2.4% | $8m | 267,547 | Held |
| Benchmark BanksharesBMBN | 2.2% | $7m | 179,382 | +4% |
| ViatrisVTRS | 2.1% | $7m | 448,363 | Held |
| MerckMRK | 2.1% | $7m | 55,048 | -6% |
| Chiron Real EstateXRN | 2.0% | $7m | 180,161 | +5% |
| Energy Transfer L PET | 2.0% | $7m | 345,960 | -8% |
| Bank of BotetourtBORT | 2.0% | $7m | 122,465 | Held |
| Chesapeake Financial SharesCPKF | 1.9% | $6m | 178,850 | Held |
| Bank of Amer | 1.9% | $6m | 4,905 | +46% |
| Verizon CommunicationsVZ | 1.9% | $6m | 145,238 | +3% |
| Ledyard Financial Group INC COM Usd1.00LFGP | 1.8% | $6m | 343,621 | +2% |
| First NationalFXNC | 1.8% | $6m | 203,809 | Held |
| PfizerPFE | 1.8% | $6m | 245,185 | Held |
| Potomac Bancshares INC.comPTBS | 1.7% | $6m | 231,048 | Held |
| Kimco Realty | 1.7% | $5m | 87,693 | -3% |
| Vici PropertiesVICI | 1.6% | $5m | 201,181 | Held |
| Merchants Finl GroupMFGI | 1.6% | $5m | 132,830 | +5% |
| Apple Hospitality REITAPLE | 1.5% | $5m | 300,869 | Held |
| F & M BankFMBM | 1.5% | $5m | 134,364 | Held |
| WeyerhaeuserWY | 1.4% | $5m | 189,903 | +9% |
| Community West BancsharesCWBC | 1.3% | $4m | 162,139 | Held |
| CSB BancorpCSBB | 1.3% | $4m | 58,284 | -12% |
| Alerus FinancialALRS | 1.3% | $4m | 134,400 | Held |
| Northern Oil & GasNOG | 1.2% | $4m | 223,884 | +204% |
| Fsbh Corp.comFSBH | 1.2% | $4m | 240,000 | Held |
| Vaneck ETF TrustMOAT | 1.2% | $4m | 37,508 | +2% |
| Energizer HoldingsENR | 1.0% | $3m | 158,733 | +6% |
| SFLSFL | 1.0% | $3m | 322,242 | -3% |
| Beacon FinancialBBT | 0.9% | $3m | 97,306 | +26% |
| Ameris BancorpABCB | 0.8% | $3m | 30,759 | -3% |
| LXP Industrial TrustLXP | 0.8% | $3m | 49,487 | -9% |
| HCI GroupHCI | 0.8% | $3m | 14,662 | -3% |
| Albertsons CompaniesACI | 0.8% | $3m | 185,187 | +24% |
| First CommunityFCCO | 0.8% | $3m | 76,500 | Held |
| American International GroupAIG | 0.7% | $2m | 33,000 | Held |
| Vanguard Index FDSVOO | 0.7% | $2m | 3,462 | +9% |
| SLB LimitedSLB | 0.7% | $2m | 51,074 | +4% |
| Flagstar Bank National Assoc | 0.7% | $2m | 53,868 | -4% |
| AT&TT | 0.6% | $2m | 98,318 | +58% |
| Financial InstitutionsFISI | 0.6% | $2m | 49,428 | Held |
| CNH IndustrialCNH | 0.6% | $2m | 171,233 | Held |
| Peoples Financial ServicesPFIS | 0.6% | $2m | 28,746 | Held |
| Alphabet | 0.6% | $2m | 37,775 | New |
| Vaneck ETF TrustGDX | 0.5% | $2m | 23,142 | +5% |
| Banc of CaliforniaBANC | 0.5% | $2m | 80,550 | Held |
| Tyson FoodsTSN | 0.5% | $2m | 26,340 | -2% |
| Solvay BK Corp Solvay New York.comSOBS | 0.4% | $1m | 37,591 | Held |
| Ishares TRIAT | 0.3% | $1m | 18,000 | Held |
| Citizens Bancorp VACZBT | 0.3% | $1m | 28,525 | Held |
| Vanguard Intl Equity Index FVT | 0.3% | $962,888 | 6,135 | New |
| Western Asset Inflation-Linked Opportunities & Income FundWIW | 0.3% | $940,731 | 111,992 | +6% |
| Invesco Trust for Investment Grade MunicipalsVGM | 0.3% | $912,843 | 86,117 | Held |
| Hancock WhitneyHWC | 0.2% | $814,304 | 10,898 | Held |
| Alamos GoldAGI | 0.2% | $785,703 | 25,897 | +139% |
| M&T BankMTB | 0.2% | $756,711 | 3,179 | Held |
| International Flavors & FragrancesIFF | 0.2% | $683,319 | 8,602 | -9% |
| First TR Exchange-Traded FDQABA | 0.2% | $664,002 | 9,868 | -3% |
| MicrosoftMSFT | 0.2% | $623,208 | 1,671 | Held |
| Berkshire HathawayBRK-B | 0.2% | $600,468 | 1,200 | -10% |
| SouthState BankSSB | 0.2% | $588,406 | 5,890 | +2% |
| Ishares TRIUSV | 0.2% | $501,183 | 4,550 | Held |
| OracleORCL | 0.1% | $439,650 | 3,000 | Held |
| AbbVieABBV | 0.1% | $409,922 | 1,629 | -15% |
| JPMorgan ChaseJPM | 0.1% | $392,141 | 1,198 | Held |
| Seacoast Banking Corp of FloridaSBCF | 0.1% | $359,974 | 10,826 | Held |
| State STR Spdr S&P 500 ETF TSPY | 0.1% | $334,307 | 448 | -7% |
| Skeena ResourcesSKE | <0.1% | $316,721 | 11,880 | Held |
| Spdr Gold TRGLD | <0.1% | $310,176 | 842 | +85% |
| Fidelity Covington TrustFFSM | <0.1% | $300,331 | 7,860 | -3% |
| Eversource EnergyES | <0.1% | $299,704 | 4,147 | -2% |
| KrogerKR | <0.1% | $277,907 | 5,005 | Held |
| Franklin Financial ServicesFRAF | <0.1% | $275,440 | 4,400 | Held |
| Albemarle | <0.1% | $258,761 | 4,675 | Held |
| Amazon.comAMZN | <0.1% | $239,532 | 1,005 | Held |
| AppleAAPL | <0.1% | $227,726 | 787 | New |
| Taiwan Semiconductor ManufacturingTSM | <0.1% | $220,301 | 461 | Held |
| Eagle Bancorp MontanaEBMT | <0.1% | $215,370 | 9,000 | Held |
| Total Return Securities FundSWZ | <0.1% | $213,371 | 35,921 | New |
| AlphabetGOOGL | <0.1% | $196,196 | 549 | -52% |
| ExxonMobil HoldingsXOM | <0.1% | $178,966 | 1,309 | Held |
| International Business MachinesIBM | <0.1% | $172,382 | 613 | Held |
| Invesco QQQ TRQQQ | <0.1% | $168,113 | 228 | Held |
| Hecla MiningHL | <0.1% | $154,300 | 10,000 | Held |
| Duke EnergyDUK | <0.1% | $149,744 | 1,183 | Held |
| James Hardie IndustriesJHX | <0.1% | $132,864 | 5,075 | New |
| Cheniere EnergyLNG | <0.1% | $120,700 | 505 | New |
| Devon EnergyDVN | <0.1% | $115,076 | 2,785 | New |
| Select Sector Spdr TRXLK | <0.1% | $114,312 | 600 | New |
| Occidental PetroleumOXY | <0.1% | $112,925 | 2,325 | New |
| Ishares TRIWS | <0.1% | $112,586 | 684 | New |
Showing the largest 100 of 105.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 34.6% since 30 June 2025.
Where the money is
Financial services28.5%
Real estate11.6%
Health care6.2%
Materials6.1%
Everyday goods3.8%
Media & telecom2.5%
Energy2.1%
Industrials1.6%
Technology1.5%
Utilities0.1%
Retail & consumer0.1%
Other35.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.