SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Cutler Capital Management, LLC

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

Reported Value
$254M
Q1 2024
Positions
109
Filings on Record
34
2019–present window
Filed
May 14, 2024
original filing

Summary

Cutler Capital Management, LLC reported $254M in U.S.-listed holdings across 109 positions for Q1 2024.

Its largest position, MET, represents 5.0% of the portfolio.

Compared with Q4 2023, the fund opened 19 new positions and exited 16.

Portfolio Metrics

Turnover
+10.5%
vs prior filed quarter
Top-10 Concentration
+32.0%
share of reported value
Largest Position
+5.0%
Metlife
New / Exited
19 / 16
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: 54.7%US DOMESTIC: 14.4%REIT: 8.4%Other: 7.2%ETP: 4.6%Other: 10.7%
  • Common Stock · 54.7% · $139M
  • US DOMESTIC · 14.4% · $37M
  • REIT · 8.4% · $21M
  • Other · 7.2% · $18M
  • ETP · 4.6% · $12M
  • Other · 10.7% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KIMCO REALTYNEW+91.5K91.5K+$5M$5M
PPL CAPITALNEW+4.53M4.53M+$4M$4M
JAZZ PHARMANEW+4.20M4.20M+$4M$4M
ETSYNEW+2.02M2.02M+$2M$2M
LCI INDS CONVNEW+1.43M1.43M+$1M$1M
MCHENRY BANCORPNEW+33.5K33.5K+$1M$1M
CLARIVATENEW+41.5K41.5K+$1M$1M
ALLIANT ENERGYNEW+1.00M1.00M+$983,500$983,500

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

Holdings — Q1 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1METMETLIFE INChistory →COM5.00%$13M171.6K
2AEMAGNICO-EAGLEhistory →COM3.48%$9M148.4K
3MRKMERCK&CO INChistory →COM3.37%$9M65.0K
4BUNGE LIMITEDCOM3.23%$8M80.2K
5TSBKTIMBERLAND BANChistory →COM3.15%$8M298.1K
6EXSREXCHANGE BANKhistory →COM3.12%$8M76.3K
7SHELSHELL PLChistory →ADR SHARES2.85%$7M108.3K
8ETENERGY TRANSFER MLPhistory →PARTNERSHIP SHARES2.78%$7M449.5K
9PFEPFIZER INChistory →COM2.53%$6M232.1K
10HCI GROUP INCDEB2.49%$6M4.09M
11FIDELITY ENERGY ETFCOM2.48%$6M243.4K
12FBIZFIRST BUSINESShistory →COM2.25%$6M152.9K
13VTRSVIATRIS INChistory →COM2.22%$6M472.6K
14SBFGSB FINANCIALhistory →COM2.17%$6M400.3K
15WYWEYERHAEUSERhistory →COM2.13%$5M150.9K
16PKBKPARKE BANCORPhistory →COM2.09%$5M308.1K
17KIMCO REALTYPFD2.03%$5M91.5K
18LFGPLEDYARD FINANhistory →COM1.98%$5M329.1K
19PPL CAPITALDEB1.70%$4M4.53M
20JAZZ PHARMADEB1.63%$4M4.20M
21INNOVIVA INCDEB1.62%$4M3.83M
22VICIVICI PRPTYhistory →COM1.54%$4M131.9K
23GMREUSDGLOBAL MEDICALhistory →COM1.48%$4M430.4K
24ALRSALERUS FINANhistory →COM1.36%$3M158.2K
25BMBNBENCHMARK BANKhistory →COM1.33%$3M159.0K
26NY COMM BANCPFD1.33%$3M103.1K
27COMMUNITY WESTCOM1.29%$3M211.5K
28FXNCFIRST NAT CRP/VAhistory →COM1.29%$3M201.1K
29CPKFCHESAPEAKE FINLhistory →COM1.20%$3M173.0K
30BORTBANK BOTETOURThistory →COM1.17%$3M105.0K
31ACIALBERTSONS COShistory →COM1.15%$3M136.0K
32CSBBCSB BANCORPhistory →COM1.10%$3M69.8K
33PTBSPOTOMAC BANChistory →COM1.09%$3M185.9K
34SFL CORP LTDCOM1.06%$3M204.7K
35CTOCTO REALTYhistory →COM1.05%$3M157.0K
36BACVERIZONhistory →COM1.03%$3M62.7K
37APLEAPPLE HOPTLYCOM1.00%$3M155.2K
38LIBERTY MEDIADEB1.00%$3M2.48M
39AIGAMERICAN INTLCOM1.00%$3M32.5K
40ENRENERGIZERCOM0.97%$2M84.0K
41LXP INDUSTRIALCOM0.92%$2M260.8K
42FMBMF&M BANCORPCOM0.91%$2M133.9K
43NRG ENERGYDEB0.89%$2M1.38M
44IFFINTL FLAVORSCOM0.87%$2M25.6K
45MNSBMAINSTREET BANCCOM0.84%$2M118.3K
46FORD MOTORDEB0.82%$2M2.02M
47SOBSSOLVAY BANKCOM0.75%$2M72.9K
48EPR PROPERTIESPFD0.72%$2M97.2K
49ABCBAMERIS BANCORPCOM0.72%$2M37.8K
50MFGIMERCHANTS FINLCOM0.68%$2M73.0K

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 ↗.