SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Cutler Capital Management, LLC

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

Reported Value
$248M
Q2 2019
Positions
98
Filings on Record
34
2019–present window
Filed
Aug 8, 2019
original filing

Summary

Cutler Capital Management, LLC reported $248M in U.S.-listed holdings across 98 positions for Q2 2019.

Its largest position, Lexington Rtly, represents 3.6% of the portfolio.

Compared with Q1 2019, the fund opened 15 new positions and exited 11.

Portfolio Metrics

Turnover
+12.0%
vs prior filed quarter
Top-10 Concentration
+31.2%
share of reported value
Largest Position
+3.6%
Lexington Rtly
New / Exited
15 / 11
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: 34.8%PUBLIC: 16.7%US DOMESTIC: 16.1%Other: 15.5%REIT: 11.7%Other: 5.3%
  • Common Stock · 34.8% · $86M
  • PUBLIC · 16.7% · $41M
  • US DOMESTIC · 16.1% · $40M
  • Other · 15.5% · $38M
  • REIT · 11.7% · $29M
  • Other · 5.3% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RPT REALTYNEW+116.5K116.5K+$6M$6M
PCBPCB BANCORPNEW+243.1K243.1K+$4M$4M
MAIN STREET BANCNEW+104.1K104.1K+$2M$2M
POTOMAC BANCSHNEW+95.3K95.3K+$1M$1M
SOMESOMERSET TRNEW+28.0K28.0K+$1M$1M
MFGIMERCHANTS FINANNEW+15.7K15.7K+$1M$1M
METRO PHOENIXNEW+84.9K84.9K+$1M$1M
FXNCFIRST NATIONALNEW+39.9K39.9K+$812,000$812,000

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

Holdings — Q2 2019

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1COLONY CAPITALDEB · COM3.90%$10M6.35M
2LEXINGTON RTLYCOM3.64%$9M958.9K
3METMETLIFEhistory →COM3.63%$9M181.1K
4EXSREXCHANGE BANKhistory →COM3.52%$9M52.2K
5NY COMM BANCPFD3.45%$9M178.9K
6GENERAL MOTORSCOM3.15%$8M202.7K
7NATIONAL HEALTHDEB2.97%$7M6.40M
8SEMPRA ENERGYPFD2.94%$7M65.4K
98CWCROWN CASTLEhistory →COM2.68%$7M51.0K
10AAWWUSDATLAS AIR WWDEB · COM2.64%$7M4.10M
11TSBKTIMBERLAND BANKhistory →COM2.64%$7M219.0K
12SNYSANOFI SPONSORhistory →COM2.55%$6M145.8K
13RPT REALTYPFD2.39%$6M116.5K
14LFGPLEDYARD FINLhistory →COM2.35%$6M295.4K
15TYSON FOODSCOM2.31%$6M70.8K
16EPR PROPERTIESPFD2.30%$6M177.6K
17WYWEYERHAEUSERhistory →COM2.25%$6M211.5K
18APOLLO COMLDEB2.15%$5M5.33M
19PKBKPARKE BANCORPhistory →COM2.14%$5M220.9K
20CONS TOMOKADEB2.08%$5M5.06M
21SBFGSB FINANCIALCOM · PFD1.93%$5M292.9K
22FMBMF&M BANCORPhistory →COM1.89%$5M161.6K
23PCBPCB BANCORPhistory →COM1.67%$4M243.1K
24DOMINION ENGYPFD1.58%$4M77.7K
25SHIP FINANCEDEB1.57%$4M3.85M
26CARRIAGE SERVICEDEB1.51%$4M3.77M
27PATTERN ENERGYDEB1.42%$4M3.48M
28CZWICITIZENS COMMhistory →COM1.31%$3M271.2K
29FIRST NATIONALCOM1.18%$3M376.4K
30KEYKEYCORPhistory →COM1.09%$3M151.9K
31COMMUNITY WESTCOM1.07%$3M274.0K
32GOLDMAN SACHSDEB1.03%$3M2.56M
33HANNON ARMSTRNGDEB0.98%$2M2.21M
34BUNGE LIMITEDCOM0.97%$2M43.2K
35BORTBANK OF BOTETOURTCOM0.96%$2M85.0K
36MAIN STREET BANCCOM0.96%$2M104.1K
37FIDELITY SOUTHERNCOM0.93%$2M74.6K
38BRBSBLUE RIDGE BANKCOM0.92%$2M118.0K
39SOBSSOLVAY BANKCOM0.89%$2M56.7K
40RADIUS HEALTHDEB0.87%$2M2.39M
41BMBNBENCHMARK BANKCOM0.87%$2M108.0K
42SRCUSDSPIRIT REALTYCOM0.87%$2M50.4K
43NW INDIANA BANCCOM0.84%$2M47.5K
44FRAFFRANKLIN FINLCOM0.79%$2M51.2K
45CPKFCHESAPEAKE FINLCOM0.78%$2M73.6K
46MEDICAL PRTYCOM0.73%$2M103.9K
47BXUSDBLACKSTONE GRPCOM0.71%$2M39.5K

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 ↗.