Cutler Capital Management, LLC

13F filer · CIK 0001353098

Reported Aug 14, 2026

Net buyer this quarter

13F portfolio value$385MU.S. long equity reported on 13F

Positions8510 new · 2 closed

Net flow last quarter+$4.95MBuys minus sells

Top 10 positions weight29.5%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 14, 202685 positions
AEMAgnico Eagle Mines Ltd	$18M	4.69%	0.02%	-1.9%	Q4 2022
METMetlife Inc	$14.5M	3.77%	0.03%	-2.4%	Q2 2014
CTOCTO Realty Growth, Inc.	$14M	3.64%	1.74%	-1.2%	Q4 2022
TSBKTimberland Bancorp Inc	$12.8M	3.32%	3.67%	-2.0%	Q4 2022
PKBKParke Bancorp, Inc.	$10.4M	2.71%	2.68%	-1.0%	Q4 2022
SBFGSB Financial Group, Inc.	$9.8M	2.55%	6.18%	-0.6%	Q4 2022
FBIZFirst Business Financial Services, Inc.	$9.75M	2.53%	1.84%	-0.2%	Q4 2022
SHELShell plc	$8.48M	2.20%	0.00%	-1.2%	Q4 2022
BGBunge Global SA	$8.3M	2.16%	0.04%	-2.0%	Q4 2022
BMBNBenchmark Bankshares Inc	$7.44M	1.93%	Not reported	+3.6%	Q4 2022
VTRSViatris Inc	$7.12M	1.85%	0.04%	-1.7%	Q4 2022
MRKMerck & Co., Inc.	$7.08M	1.84%	0.00%	-5.7%	Q2 2014
XRNChiron Real Estate Inc.	$6.76M	1.76%	1.36%	+4.6%	Q3 2025
ETEnergy Transfer LP	$6.61M	1.72%	0.01%	-8.3%	Q4 2022
BORTBotetourt Bankshares Inc	$6.52M	1.69%	7.90%	Not reported	Q4 2022
CPKFChesapeake Financial Shares Inc	$6.44M	1.67%	Not reported	+0.2%	Q4 2022
VZVerizon Communications Inc	$6.15M	1.60%	0.00%	+2.7%	Q2 2014
FXNCFirst National Corp	$6.12M	1.59%	2.25%	-0.2%	Q4 2022
PFEPfizer Inc	$5.9M	1.53%	0.00%	-1.4%	Q2 2014
PTBSPotomac Bancshares Inc	$5.53M	1.44%	6.82%	0.0%	Q4 2022
VICIVici Properties Inc.	$5.34M	1.39%	0.02%	-0.7%	Q4 2022
APLEApple Hospitality REIT, Inc.	$5.06M	1.31%	0.13%	+0.1%	Q4 2022
FMBMF&M Bank Corp	$4.89M	1.27%	3.78%	-1.1%	Q4 2022
WYWeyerhaeuser Co	$4.55M	1.18%	0.03%	+9.1%	Q4 2022
CWBCCommunity West Bancshares	$4.36M	1.13%	0.60%	-0.3%	Q4 2022
CSBBCSB Bancorp, Inc.	$4.2M	1.09%	2.22%	-12.4%	Q4 2022
ALRSAlerus Financial Corp	$4.18M	1.09%	0.54%	-1.5%	Q4 2022
NOGNorthern Oil & Gas, Inc.	$4.06M	1.06%	0.21%	+204.2%	Q4 2025
ENREnergizer Holdings, Inc.	$3.4M	0.88%	0.23%	+5.9%	Q4 2022
SFLSFL Corp Ltd.	$3.29M	0.85%	0.21%	-2.6%	Q2 2023
BBTBeacon Financial Corp	$2.96M	0.77%	0.12%	+26.0%	Q3 2025
ABCBAmeris Bancorp	$2.78M	0.72%	0.05%	-3.5%	Q4 2022
LXPLXP Industrial Trust	$2.67M	0.69%	0.08%	-8.6%	Q2 2014
HCIHCI Group, Inc.	$2.57M	0.67%	0.12%	-2.9%	Q2 2014
ACIAlbertsons Companies, Inc.	$2.51M	0.65%	0.04%	+23.7%	Q4 2022
FCCOFirst Community Corp	$2.5M	0.65%	0.81%	Not reported	Q4 2022
AIGAmerican International Group, Inc.	$2.46M	0.64%	0.01%	Not reported	Q4 2022
SLBSLB Limited	$2.37M	0.62%	0.00%	+4.1%	Q4 2024
TAt&T Inc.	$2.04M	0.53%	0.00%	+57.9%	Q2 2014
FISIFinancial Institutions Inc	$1.93M	0.50%	0.25%	Not reported	Q4 2022
CNHCNH Industrial N.V.	$1.92M	0.50%	0.01%	+0.8%	Q1 2024
PFISPeoples Financial Services Corp.	$1.91M	0.50%	0.29%	0.0%	Q4 2024
GOOGNAlphabet Inc.	$1.9M	0.49%	Not reported	New	Q2 2026
BANCBanc of California, Inc.	$1.65M	0.43%	0.05%	+1.3%	Q3 2023
TSNTyson Foods, Inc.	$1.51M	0.39%	Not reported	-2.5%	Q4 2022
CZBTCitizens Bancorp of Virginia Inc	$1.1M	0.28%	1.23%	Not reported	Q4 2022
WIWWestern Asset Inflation-Linked Opportunities & Income Fund	$941K	0.24%	Not reported	+5.6%	Q1 2024
VGMInvesco Trust for Investment Grade Municipals	$913K	0.24%	Not reported	Not reported	Q2 2014
HWCHancock Whitney Corp	$814K	0.21%	0.01%	Not reported	Q4 2022
AGIAlamos Gold Inc	$786K	0.20%	0.01%	+139.3%	Q4 2024

Q1 2026Reported May 15, 202677 positions
AEMAgnico Eagle Mines Ltd	$24.1M	6.51%	0.02%	-1.3%	Q4 2022
METMetlife Inc	$12.4M	3.36%	0.03%	+5.8%	Q2 2014
CTOCTO Realty Growth, Inc.	$12.2M	3.30%	1.98%	-0.6%	Q4 2022
TSBKTimberland Bancorp Inc	$11.5M	3.10%	3.72%	-0.2%	Q4 2022
SHELShell plc	$10.3M	2.78%	0.00%	-0.6%	Q4 2022
BGBunge Global SA	$10.1M	2.73%	0.04%	-0.7%	Q4 2022
PKBKParke Bancorp, Inc.	$9.01M	2.44%	2.68%	+0.3%	Q4 2022
FBIZFirst Business Financial Services, Inc.	$8.34M	2.25%	1.85%	+0.5%	Q4 2022
SBFGSB Financial Group, Inc.	$8.19M	2.22%	6.19%	-0.2%	Q4 2022
ETEnergy Transfer LP	$7.28M	1.97%	0.01%	+1.1%	Q4 2022
VZVerizon Communications Inc	$7.1M	1.92%	0.00%	+2.6%	Q2 2014
MRKMerck & Co., Inc.	$7.02M	1.90%	0.00%	-0.2%	Q2 2014
PFEPfizer Inc	$6.99M	1.89%	0.00%	-0.4%	Q2 2014
BMBNBenchmark Bankshares Inc	$6.27M	1.70%	Not reported	+0.1%	Q4 2022
VTRSViatris Inc	$6.16M	1.67%	0.04%	-0.3%	Q4 2022
BORTBotetourt Bankshares Inc	$5.76M	1.56%	7.90%	+10.3%	Q4 2022
CPKFChesapeake Financial Shares Inc	$5.71M	1.54%	Not reported	Not reported	Q4 2022
XRNChiron Real Estate Inc.	$5.7M	1.54%	1.30%	+11.1%	Q3 2025
VICIVici Properties Inc.	$5.54M	1.50%	0.02%	+8.4%	Q4 2022
FXNCFirst National Corp	$5.49M	1.49%	2.26%	+0.5%	Q4 2022
PTBSPotomac Bancshares Inc	$4.56M	1.23%	6.81%	+0.2%	Q4 2022
WYWeyerhaeuser Co	$4.25M	1.15%	0.02%	+4.9%	Q4 2022
CSBBCSB Bancorp, Inc.	$4.15M	1.12%	2.53%	-0.7%	Q4 2022
FMBMF&M Bank Corp	$4.14M	1.12%	3.79%	Not reported	Q4 2022
CWBCCommunity West Bancshares	$3.79M	1.02%	0.85%	-0.2%	Q4 2022
SFLSFL Corp Ltd.	$3.57M	0.97%	0.23%	-1.1%	Q2 2023
APLEApple Hospitality REIT, Inc.	$3.46M	0.94%	0.13%	+3.6%	Q4 2022
ALRSAlerus Financial Corp	$3.24M	0.87%	0.54%	-1.1%	Q4 2022
ACIAlbertsons Companies, Inc.	$2.55M	0.69%	0.03%	+2.0%	Q4 2022
SLBSLB Limited	$2.52M	0.68%	0.00%	-0.8%	Q4 2024
LXPLXP Industrial Trust	$2.5M	0.68%	0.09%	-0.2%	Q2 2014
ABCBAmeris Bancorp	$2.48M	0.67%	0.05%	-4.8%	Q4 2022
AIGAmerican International Group, Inc.	$2.48M	0.67%	0.01%	+0.6%	Q4 2022
ENREnergizer Holdings, Inc.	$2.46M	0.67%	0.22%	+25.0%	Q4 2022
HCIHCI Group, Inc.	$2.34M	0.63%	0.12%	-1.2%	Q2 2014
BBTBeacon Financial Corp	$2.32M	0.63%	0.09%	+11.6%	Q3 2025
FCCOFirst Community Corp	$2.24M	0.60%	0.81%	Not reported	Q4 2022
NOGNorthern Oil & Gas, Inc.	$2.15M	0.58%	0.07%	+138.2%	Q4 2025
CNHCNH Industrial N.V.	$1.87M	0.51%	0.01%	-0.4%	Q1 2024
TAt&T Inc.	$1.8M	0.49%	0.00%	-0.2%	Q2 2014
TSNTyson Foods, Inc.	$1.73M	0.47%	Not reported	-0.4%	Q4 2022
FISIFinancial Institutions Inc	$1.57M	0.42%	0.25%	Not reported	Q4 2022
PFISPeoples Financial Services Corp.	$1.53M	0.41%	0.29%	Not reported	Q4 2024
BANCBanc of California, Inc.	$1.4M	0.38%	0.05%	+1.0%	Q3 2023
CZBTCitizens Bancorp of Virginia Inc	$1.07M	0.29%	1.23%	+13.0%	Q4 2022
WIWWestern Asset Inflation-Linked Opportunities & Income Fund	$898K	0.24%	Not reported	+2.1%	Q1 2024
VGMInvesco Trust for Investment Grade Municipals	$850K	0.23%	Not reported	Not reported	Q2 2014
HWCHancock Whitney Corp	$693K	0.19%	0.01%	Not reported	Q4 2022
IFFInternational Flavors & Fragrances Inc	$686K	0.19%	0.00%	-1.5%	Q4 2022
MTBM&T Bank Corp	$669K	0.18%	0.00%	Not reported	Q4 2022

Q4 2025Reported Feb 13, 202678 positions
AEMAgnico Eagle Mines Ltd	$20.4M	5.93%	0.02%	-1.8%	Q4 2022
METMetlife Inc	$13.1M	3.82%	0.03%	+0.3%	Q2 2014
CTOCTO Realty Growth, Inc.	$12.2M	3.56%	2.05%	-0.2%	Q4 2022
TSBKTimberland Bancorp Inc	$10.4M	3.04%	3.70%	Not reported	Q4 2022
SBFGSB Financial Group, Inc.	$8.71M	2.54%	6.21%	-0.2%	Q4 2022
FBIZFirst Business Financial Services, Inc.	$8.35M	2.43%	1.85%	-1.1%	Q4 2022
SHELShell plc	$8.18M	2.38%	0.00%	+0.6%	Q4 2022
PKBKParke Bancorp, Inc.	$7.92M	2.31%	2.73%	+1.9%	Q4 2022
BGBunge Global SA	$7.12M	2.07%	0.04%	-0.6%	Q4 2022
PFEPfizer Inc	$6.22M	1.81%	0.00%	-1.5%	Q2 2014
MRKMerck & Co., Inc.	$6.16M	1.80%	0.00%	+0.5%	Q2 2014
ETEnergy Transfer LP	$6.16M	1.79%	0.01%	+3.3%	Q4 2022
BMBNBenchmark Bankshares Inc	$5.75M	1.68%	Not reported	+1.5%	Q4 2022
VTRSViatris Inc	$5.7M	1.66%	0.04%	-1.4%	Q4 2022
VZVerizon Communications Inc	$5.61M	1.64%	0.00%	+32.8%	Q2 2014
VICIVici Properties Inc.	$5.26M	1.53%	0.02%	+12.1%	Q4 2022
XRNChiron Real Estate Inc.	$5.23M	1.52%	1.17%	+55.9%	Q3 2025
FXNCFirst National Corp	$5.13M	1.49%	2.25%	+0.2%	Q4 2022
CPKFChesapeake Financial Shares Inc	$5.04M	1.47%	Not reported	-0.2%	Q4 2022
BORTBotetourt Bankshares Inc	$4.89M	1.42%	7.16%	+0.7%	Q4 2022
PTBSPotomac Bancshares Inc	$4.24M	1.23%	6.80%	+0.2%	Q4 2022
WYWeyerhaeuser Co	$3.93M	1.15%	0.02%	+1.0%	Q4 2022
FMBMF&M Bank Corp	$3.89M	1.13%	3.85%	Not reported	Q4 2022
CWBCCommunity West Bancshares	$3.66M	1.07%	0.85%	+0.4%	Q4 2022
CSBBCSB Bancorp, Inc.	$3.62M	1.05%	2.55%	Not reported	Q4 2022
APLEApple Hospitality REIT, Inc.	$3.44M	1.00%	0.12%	+1.0%	Q4 2022
ALRSAlerus Financial Corp	$3.11M	0.91%	0.54%	-6.8%	Q4 2022
HCIHCI Group, Inc.	$2.93M	0.85%	0.12%	0.0%	Q2 2014
AIGAmerican International Group, Inc.	$2.81M	0.82%	0.01%	Not reported	Q4 2022
LXPLXP Industrial Trust	$2.69M	0.78%	0.09%	-6.2%	Q2 2014
SFLSFL Corp Ltd.	$2.61M	0.76%	0.23%	-2.7%	Q2 2023
ACIAlbertsons Companies, Inc.	$2.52M	0.73%	0.03%	-0.7%	Q4 2022
ABCBAmeris Bancorp	$2.49M	0.72%	0.05%	-2.9%	Q4 2022
ENREnergizer Holdings, Inc.	$2.39M	0.70%	0.18%	-5.5%	Q4 2022
FCCOFirst Community Corp	$2.27M	0.66%	0.99%	Not reported	Q4 2022
SLBSLB Limited	$1.9M	0.55%	0.00%	+27.0%	Q4 2024
BBTBeacon Financial Corp	$1.82M	0.53%	0.08%	+362.6%	Q3 2025
TSNTyson Foods, Inc.	$1.59M	0.46%	Not reported	-0.5%	Q4 2022
CNHCNH Industrial N.V.	$1.57M	0.46%	0.01%	-1.4%	Q1 2024
TAt&T Inc.	$1.55M	0.45%	0.00%	-3.9%	Q2 2014
FISIFinancial Institutions Inc	$1.54M	0.45%	0.25%	+2.3%	Q4 2022
BANCBanc of California, Inc.	$1.52M	0.44%	0.05%	Not reported	Q3 2023
PFISPeoples Financial Services Corp.	$1.4M	0.41%	0.29%	+2.9%	Q4 2024
VGMInvesco Trust for Investment Grade Municipals	$893K	0.26%	Not reported	Not reported	Q2 2014
WIWWestern Asset Inflation-Linked Opportunities & Income Fund	$892K	0.26%	Not reported	Not reported	Q1 2024
CZBTCitizens Bancorp of Virginia Inc	$850K	0.25%	1.09%	+2.9%	Q4 2022
MSFTMicrosoft Corp	$796K	0.23%	0.00%	-3.1%	Q4 2022
HWCHancock Whitney Corp	$694K	0.20%	0.01%	Not reported	Q4 2022
BRK.BBerkshire Hathaway Inc	$669K	0.19%	Not reported	Not reported	Q4 2022
NOGNorthern Oil & Gas, Inc.	$663K	0.19%	0.03%	New	Q4 2025

Q3 2025Reported Nov 14, 202579 positions
AEMAgnico Eagle Mines Ltd	$20.6M	6.57%	0.02%	Not reported	Q4 2022
METMetlife Inc	$13.6M	4.35%	0.03%	Not reported	Q2 2014
CTOCTO Realty Growth, Inc.	$10.8M	3.45%	2.04%	Not reported	Q4 2022
TSBKTimberland Bancorp Inc	$9.71M	3.09%	3.70%	Not reported	Q4 2022
FBIZFirst Business Financial Services, Inc.	$7.97M	2.54%	1.87%	Not reported	Q4 2022
SHELShell plc	$7.91M	2.52%	0.00%	Not reported	Q4 2022
SBFGSB Financial Group, Inc.	$7.56M	2.41%	6.19%	Not reported	Q4 2022
PKBKParke Bancorp, Inc.	$6.69M	2.13%	2.62%	Not reported	Q4 2022
BGBunge Global SA	$6.53M	2.08%	0.04%	Not reported	Q4 2022
PFEPfizer Inc	$6.46M	2.06%	0.00%	Not reported	Q2 2014
ETEnergy Transfer LP	$6.2M	1.98%	0.01%	Not reported	Q4 2022
VICIVici Properties Inc.	$5.44M	1.73%	0.02%	Not reported	Q4 2022
BMBNBenchmark Bankshares Inc	$5.19M	1.66%	Not reported	Not reported	Q4 2022
MRKMerck & Co., Inc.	$4.89M	1.56%	0.00%	Not reported	Q2 2014
FXNCFirst National Corp	$4.6M	1.47%	2.25%	Not reported	Q4 2022
VTRSViatris Inc	$4.59M	1.46%	0.04%	Not reported	Q4 2022
VZVerizon Communications Inc	$4.56M	1.45%	0.00%	Not reported	Q2 2014
PTBSPotomac Bancshares Inc	$4.34M	1.38%	6.79%	Not reported	Q4 2022
BORTBotetourt Bankshares Inc	$4.3M	1.37%	7.11%	Not reported	Q4 2022
WYWeyerhaeuser Co	$4.08M	1.30%	0.02%	Not reported	Q4 2022
CPKFChesapeake Financial Shares Inc	$3.87M	1.23%	Not reported	Not reported	Q4 2022
FMBMF&M Bank Corp	$3.52M	1.12%	3.82%	Not reported	Q4 2022
APLEApple Hospitality REIT, Inc.	$3.45M	1.10%	0.12%	Not reported	Q4 2022
CWBCCommunity West Bancshares	$3.38M	1.08%	0.85%	Not reported	Q4 2022
XRNChiron Real Estate Inc.	$3.35M	1.07%	0.74%	New	Q3 2025
CSBBCSB Bancorp, Inc.	$3.32M	1.06%	2.55%	Not reported	Q4 2022
ALRSAlerus Financial Corp	$3.28M	1.04%	0.58%	Not reported	Q4 2022
ENREnergizer Holdings, Inc.	$3.16M	1.01%	0.19%	Not reported	Q4 2022
HCIHCI Group, Inc.	$2.94M	0.94%	0.12%	Not reported	Q2 2014
LXPLXP Industrial Trust	$2.59M	0.83%	0.10%	Not reported	Q2 2014
SFLSFL Corp Ltd.	$2.59M	0.83%	0.24%	Not reported	Q2 2023
ACIAlbertsons Companies, Inc.	$2.59M	0.82%	0.03%	Not reported	Q4 2022
AIGAmerican International Group, Inc.	$2.58M	0.82%	0.01%	Not reported	Q4 2022
ABCBAmeris Bancorp	$2.53M	0.81%	0.05%	Not reported	Q4 2022
FCCOFirst Community Corp	$2.16M	0.69%	0.99%	Not reported	Q4 2022
CNHCNH Industrial N.V.	$1.88M	0.60%	0.01%	Not reported	Q1 2024
TAt&T Inc.	$1.83M	0.58%	0.00%	Not reported	Q2 2014
TSNTyson Foods, Inc.	$1.48M	0.47%	Not reported	Not reported	Q4 2022
PFISPeoples Financial Services Corp.	$1.36M	0.43%	0.28%	Not reported	Q4 2024
SLBSLB Limited	$1.34M	0.43%	0.00%	Not reported	Q4 2024
FISIFinancial Institutions Inc	$1.31M	0.42%	0.24%	Not reported	Q4 2022
BANCBanc of California, Inc.	$1.3M	0.42%	0.05%	Not reported	Q3 2023
WIWWestern Asset Inflation-Linked Opportunities & Income Fund	$924K	0.29%	Not reported	Not reported	Q1 2024
MSFTMicrosoft Corp	$880K	0.28%	0.00%	Not reported	Q4 2022
VGMInvesco Trust for Investment Grade Municipals	$872K	0.28%	Not reported	Not reported	Q2 2014
ORCLOracle Corp	$844K	0.27%	0.00%	Not reported	Q4 2024
CZBTCitizens Bancorp of Virginia Inc	$782K	0.25%	1.06%	Not reported	Q4 2022
HWCHancock Whitney Corp	$682K	0.22%	0.01%	Not reported	Q4 2022
BRK.BBerkshire Hathaway Inc	$669K	0.21%	Not reported	Not reported	Q4 2022
MTBM&T Bank Corp	$640K	0.20%	0.00%	Not reported	Q4 2022

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