SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Cutler Capital Management, LLC

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

Reported Value
$256M
Q2 2024
Positions
111
Filings on Record
34
2019–present window
Filed
Aug 14, 2024
original filing

Summary

Cutler Capital Management, LLC reported $256M in U.S.-listed holdings across 111 positions for Q2 2024.

Its largest position, MET, represents 4.7% of the portfolio.

Compared with Q1 2024, the fund opened 7 new positions and exited 5.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+31.8%
share of reported value
Largest Position
+4.7%
Metlife
New / Exited
7 / 5
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: 52.7%US DOMESTIC: 14.9%REIT: 8.3%Other: 8.0%ETP: 4.8%Other: 11.3%
  • Common Stock · 52.7% · $135M
  • US DOMESTIC · 14.9% · $38M
  • REIT · 8.3% · $21M
  • Other · 8.0% · $20M
  • ETP · 4.8% · $12M
  • Other · 11.3% · $29M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DUKE ENERGYNEW+2.17M2.17M+$2M$2M
CLARIVATE PLCNEW+128.8K128.8K+$733,157$733,157
LIBERTY MEDIANEW+500.0K500.0K+$520,000$520,000
ALBEMARLE CORPNEW+8.2K8.2K+$383,779$383,779
PEBBLEBRK HOTELNEW+300.0K300.0K+$264,750$264,750
GOOGLALPHABET INCNEW+654654+$119,126$119,126
HALOZYME THERAPNEW+110.0K110.0K+$104,864$104,864
CNH INDUSTRIALADDED+224.2K236.7K+$2M$2M

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

Holdings — Q2 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1METMETLIFE INChistory →COM4.71%$12M171.9K
2AEMAGNICO-EAGLEhistory →COM3.80%$10M148.9K
3BUNGE LIMITEDCOM3.36%$9M80.6K
4TSBKTIMBERLAND BANChistory →COM3.18%$8M300.6K
5SHELSHELL PLChistory →SPON ADS3.07%$8M108.9K
6MRKMERCK&CO INChistory →COM2.99%$8M61.8K
7ETENERGY TRANSFERhistory →COM UT LTD PTN2.89%$7M457.1K
8EXSREXCHANGE BANKhistory →COM2.82%$7M76.3K
9PFEPFIZER INChistory →COM2.59%$7M237.1K
10FIDELITY CVNGTNCOM2.39%$6M244.3K
11PPL CAPITALDEB2.33%$6M6.23M
12FBIZFIRST BUSINESShistory →COM2.22%$6M153.5K
13SBFGSB FINANCIALhistory →COM2.20%$6M403.4K
14PKBKPARKE BANCORPhistory →COM2.10%$5M309.5K
15VTRSVIATRIS INChistory →COM1.97%$5M473.8K
16KIMCO REALTYPFD1.97%$5M92.3K
17HCI GROUP INCDEB1.86%$5M3.66M
18LFGPLEDYARD FINANhistory →COM1.78%$5M329.0K
19VICIVICI PRPTYhistory →COM1.74%$4M155.2K
20JAZZ INVESTDEB1.70%$4M4.54M
21WYWEYERHAEUSERhistory →COM1.68%$4M151.6K
22INNOVIVA INCDEB1.65%$4M3.83M
23GMREUSDGLOBAL MEDICALhistory →COM1.55%$4M435.9K
24BMBNBENCHMARK BANKhistory →COM1.31%$3M160.0K
25NY COMM BANCPFD1.30%$3M104.3K
26APLEAPPLE HOPTLYhistory →COM1.26%$3M221.5K
27ALRSALERUS FINANhistory →COM1.22%$3M159.0K
28FXNCFIRST NATL VAhistory →COM1.20%$3M202.8K
29CMNTY WST BANCCOM1.19%$3M164.4K
30BORTBANK BOTETOURThistory →COM1.17%$3M105.0K
31CPKFCHESPKE FINANhistory →COM1.14%$3M173.0K
32CTOCTO REALTY GROWhistory →COM1.14%$3M166.8K
33PTBSPOTOMAC BANChistory →COM1.11%$3M192.9K
34SFL CORP LTDCOM1.11%$3M204.6K
35BACVERIZON COMMhistory →COM1.10%$3M68.2K
36ACIALBERTSONS COShistory →COM1.05%$3M135.8K
37CSBBCSB BANCORPhistory →COM1.04%$3M69.8K
38LIBERTY MEDIADEB1.03%$3M2.48M
39ENRENERGIZER HLDNGCOM0.97%$2M83.9K
40LXP INDUSTRIALCOM0.95%$2M265.5K
41AIGAMERICAN INTLCOM0.94%$2M32.5K
42CNH INDUSTRIALCOM0.94%$2M236.7K
43MNSBMAINSTREET BANCCOM0.88%$2M126.9K
44DUKE ENERGYDEB0.84%$2M2.17M
45FMBMF&M BANK CORPCOM0.84%$2M133.9K
46FORD MOTOR CODEB0.79%$2M2.02M
47VGRD S&P 500COM0.75%$2M3.8K
48ABCBAMERIS BANCORPCOM0.73%$2M37.4K
49EPR PRPTYPFD0.73%$2M97.1K
50MFGIMERCHANTS FINLCOM0.68%$2M73.2K

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 ↗.