SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Cutler Capital Management, LLC

CIK 0001353098 · 306 MAIN STREET, WORCESTER, MA, 01608 · 508-757-4455

Reported Value
$242M
Q1 2019
Positions
94
Filings on Record
34
2019–present window
Filed
Apr 30, 2019
original filing

Summary

Cutler Capital Management, LLC reported $242M in U.S.-listed holdings across 94 positions for Q1 2019.

Its largest position, Lexington Pty, represents 4.4% of the portfolio.

Compared with Q4 2018, the fund opened 13 new positions and exited 10.

Portfolio Metrics

Turnover
+6.9%
vs prior filed quarter
Top-10 Concentration
+31.5%
share of reported value
Largest Position
+4.4%
Lexington Pty
New / Exited
13 / 10
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $441MQ4 ’18Q1 ’19: $242MQ2 ’19: $248MQ3 ’19: $289MQ4 ’19: $284MQ4 ’19Q1 ’20: $198MQ2 ’20: $186MQ3 ’20: $184MQ4 ’20: $230MQ4 ’20Q1 ’21: $249MQ2 ’21: $261MQ3 ’21: $265MQ4 ’21: $275MQ4 ’21Q1 ’22: $281MQ2 ’22: $259MQ3 ’22: $216MQ4 ’22: $243MQ4 ’22Q1 ’23: $224MQ2 ’23: $213MQ3 ’23: $222MQ4 ’23: $241MQ4 ’23Q1 ’24: $254MQ2 ’24: $256MQ3 ’24: $283MQ4 ’24: $287MQ4 ’24Q1 ’25: $288MQ2 ’25: $287MQ3 ’25: $314MQ4 ’25: $343MQ4 ’25Q1 ’26: $370Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 32.0%US DOMESTIC: 20.1%REIT: 14.5%Other: 14.3%PUBLIC: 13.9%Other: 5.3%
  • Common Stock · 32.0% · $77M
  • US DOMESTIC · 20.1% · $49M
  • REIT · 14.5% · $35M
  • Other · 14.3% · $34M
  • PUBLIC · 13.9% · $34M
  • Other · 5.3% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SEMPRA ENERGYNEW+65.4K65.4K+$7M$7M
FIRST NATIONALNEW+376.4K376.4K+$3M$3M
SRCUSDSPIRIT REALTYNEW+50.4K50.4K+$2M$2M
BRBSBLUE RIDGE BANKNEW+118.0K118.0K+$2M$2M
ATLAS AIR WWNEW+1.84M1.84M+$2M$2M
KEYKEYCORPNEW+112.3K112.3K+$2M$2M
ORRFORRSTOWN FINLNEW+65.9K65.9K+$1M$1M
MCHENRY BANCORPNEW+7.00M7.00M+$910,000$910,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2019

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LEXINGTON PTYCOM4.37%$11M1.17M
2COLONY CAPITALDEB · COM3.87%$9M6.27M
3EXSREXCHANGE BANKhistory →COM3.57%$9M52.2K
4NY COMM BANCPFD3.44%$8M172.4K
5METMETLIFEhistory →COM3.16%$8M179.6K
6GENERAL MOTORSCOM3.11%$8M202.7K
7NATIONAL HEALTHDEB3.03%$7M6.40M
8SEMPRA ENERGYPFD2.86%$7M65.4K
9SRCUSDSPIRIT REALTYDEB · COM2.73%$7M4.66M
108CWCROWN CASTLEhistory →COM2.71%$7M51.3K
11SNYSANOFI SPONSORhistory →COM2.67%$6M145.7K
12LFGPLEDYARD FINLhistory →COM2.56%$6M295.4K
13TSBKTIMBERLAND BANKhistory →COM2.49%$6M215.0K
14RPTUSDRPT REALTYhistory →PFD2.44%$6M116.7K
15EPR PROPERTIESPFD2.31%$6M177.6K
16FMBMF&M BANCORPhistory →COM2.17%$5M161.6K
17APOLLO COMLDEB2.15%$5M5.33M
18CONS TOMOKADEB2.13%$5M5.06M
19TYSON FOODSCOM2.04%$5M71.1K
20WYWEYERHAEUSERhistory →COM1.95%$5M179.2K
21PKBKPARKE BANCORPhistory →COM1.91%$5M220.9K
22PACIFIC CITYCOM1.75%$4M243.1K
23DOMINION ENGYPFD1.60%$4M77.7K
24SHIP FINANCEDEB1.57%$4M3.85M
25CARRIAGE SERVICEDEB1.57%$4M3.77M
26ROYAL GOLDDEB1.55%$4M3.76M
27PATTERN ENERGYDEB1.44%$3M3.48M
28CZWICITIZENS COMMhistory →COM1.34%$3M271.2K
29FIRST NATIONALCOM1.20%$3M376.4K
30MNSBMAIN STREET BANChistory →COM1.16%$3M130.0K
31SBFGSB FINANCIALhistory →COM1.06%$3M141.7K
32GOLDMAN SACHSDEB1.04%$3M2.56M
33BORTBANK OF BOTETOURThistory →COM1.00%$2M85.0K
34SOBSSOLVAY BANKCOM0.95%$2M56.7K
35BUNGE LIMITEDCOM0.93%$2M42.2K
36HANNON ARMSTRNGDEB0.92%$2M2.21M
37COMMUNITY WESTCOM0.91%$2M216.6K
38BMBNBENCHMARK BANKCOM0.89%$2M108.0K
39FIDELITY SOUTHERNCOM0.84%$2M74.6K
40BRBSBLUE RIDGE BANKCOM0.82%$2M118.0K
41RADIUS HEALTHDEB0.82%$2M2.39M
42ATLAS AIR WWDEB0.82%$2M1.84M
43NW INDIANA BANCCOM0.81%$2M47.5K
44MEDICAL PRTYCOM0.79%$2M103.9K
45FRAFFRANKLIN FINLCOM0.77%$2M51.6K
46KEYKEYCORPCOM0.73%$2M112.3K
47CPKFCHESAPEAKE FINLCOM0.71%$2M64.8K
48PFEPFIZERCOM0.67%$2M38.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$370M116May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$343M122Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$314M124Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$287M116Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$288M117May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$287M117Feb 13, 2025RESTATEMENTchanges · EDGAR ↗
Q3 2024$283M111Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$256M111Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$254M109May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$241M106Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$222M111Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$213M101Aug 15, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023$224M104May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$243M107Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$216M102Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$259M108Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$281M112May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$275M106Feb 9, 202213F-HRchanges · EDGAR ↗
Q3 2021$265M109Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$261M103Aug 4, 202113F-HRchanges · EDGAR ↗
Q1 2021$249M103Apr 22, 202113F-HRchanges · EDGAR ↗
Q4 2020$230M89Jan 28, 202113F-HRchanges · EDGAR ↗
Q3 2020$184M89Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$186M88Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$198M100May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$284M110Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$289M116Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$248M98Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$242M94Apr 30, 201913F-HRchanges · EDGAR ↗
Q4 2018REVEALED$441M181Jan 25, 2019RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.