Q2 2026 13F · SEC CIK 1353098

Cutler Capital Management, LLC

Wealth managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $331.8M
Reported positions: 105
Top holdings a year, 3 yrs: +19.6%
Assets under management: $430.8M

Cutler Capital Management, LLC is a wealth manager that reported 105 positions worth $331.8M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Agnico Eagle Mines Ltd (AEM, 5.4%), Metlife Inc (MET, 4.4%), Cto Realty Growth Inc Com (CTO, 4.2%). A portfolio copying its top holdings returned 19.6% a year over the last 3 years, against 22.3% for the S&P 500.

Cutler Capital Management, LLC holdings largest 50 of 105 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Cutler Capital Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AEMAgnico Eagle Mines Ltd	5.4%	7.8%	116,334	-1.9%	$18.0M
METMetlife Inc	4.4%	4.0%	171,535	-2.4%	$14.5M
CTOCto Realty Growth Inc Com	4.2%	3.9%	651,274	-1.2%	$14.0M
TSBKTimberland Bancorp Inc	3.9%	3.7%	285,258	-2.0%	$12.8M
EXSRExchange Bank/Santa Rosa CA	3.7%	3.6%	74,934	-1.1%	$12.4M
PKBKParke Bancorp Inc	3.1%	2.9%	314,126	-1.0%	$10.4M
SBFGSb Finl Group Inc	3.0%	2.6%	387,852	-0.6%	$9.8M
FBIZFirst Business Financial Servi	2.9%	2.7%	154,346	-0.2%	$9.8M
SHELShell PLC	2.6%	3.3%	109,361	-1.2%	$8.5M
BGBunge Global SA	2.5%	3.3%	77,792	-2.0%	$8.3M
FENYFidelity Covington Trust	2.4%	2.9%	267,547	+0.1%	$7.9M
BMBNBenchmark Bankshares Inc	2.2%	2.0%	179,382	+3.6%	$7.4M
VTRSViatris Inc	2.1%	2.0%	448,363	-1.7%	$7.1M
MRKMerck & Co Inc	2.1%	2.3%	55,048	-5.7%	$7.1M
XRNChiron Real Estate Inc	2.0%	1.8%	180,161	+4.6%	$6.8M
ETPCEnergy Transfer L P	2.0%	2.4%	345,960	-8.3%	$6.6M
BORTBank of Botetourt	2.0%	1.9%	122,465	+0.0%	$6.5M
CPKFChesapeake Financial Shares	1.9%	1.8%	178,850	+0.2%	$6.4M
BAC-PLBank of Amer Corp	1.9%	1.3%	4,905	+46.2%	$6.2M
VZVerizon Communications Inc	1.9%	2.3%	145,238	+2.7%	$6.1M
LFGPLedyard Financial Group Inc Com Usd1.00	1.8%	1.8%	343,621	+2.4%	$6.1M
FXNCFirst Natl Corp Va	1.8%	1.8%	203,809	-0.1%	$6.1M
PFEPfizer Inc	1.8%	2.3%	245,185	-1.4%	$5.9M
PTBSPotomac Bancshares Inc Com	1.7%	1.5%	231,048	+0.0%	$5.5M
KIM-PNKimco Realty Corp	1.7%	1.7%	87,693	-2.5%	$5.5M
VICIVici Pptys Inc	1.6%	1.8%	201,181	-0.7%	$5.3M
MFGIMerchants Financial Group Inc	1.6%	1.4%	132,830	+4.6%	$5.2M
APLEApple Hospitality REIT Inc	1.5%	1.1%	300,869	+0.1%	$5.1M
FMBMF&m Bk Corp Cap Stk	1.5%	1.3%	134,364	-1.1%	$4.9M
WYWeyerhaeuser Company Com New REIT	1.4%	1.4%	189,903	+9.1%	$4.5M
CWBCCommunity West Bancshares	1.3%	1.2%	162,139	-0.3%	$4.4M
CSBBCsb Bancorp	1.3%	1.3%	58,284	-12.4%	$4.2M
ALRSAlerus Finl Corp Com	1.3%	1.0%	134,400	-1.5%	$4.2M
NOGNorthern Oil & Gas Inc	1.2%	0.7%	223,884	+204.2%	$4.1M
FSBHFsbh Corp Com	1.2%	1.2%	240,000	+0.0%	$3.9M
MOATVaneck Morningstar Wide Moat ETF	1.2%	1.1%	37,508	+2.1%	$3.9M
ENREnergizer Hldgs Inc	1.0%	0.8%	158,733	+5.9%	$3.4M
SFLSfl Corp Ltd F	1.0%	1.2%	322,242	-2.6%	$3.3M
BBTBeacon Financial Corporation	0.9%	0.7%	97,306	+26.0%	$3.0M
ABCBAmeris Bancorp	0.8%	0.8%	30,759	-3.5%	$2.8M
LXPLxp Industrial Trust	0.8%	0.8%	49,487	-8.6%	$2.7M
HCIHci Group Inc	0.8%	0.8%	14,662	-2.9%	$2.6M
ACIAlbertsons Cos Inc	0.8%	0.8%	185,187	+23.7%	$2.5M
FCCOFirst Community Corporation	0.8%	0.7%	76,500	+0.0%	$2.5M
AIGAmerican Intl Group Inc	0.7%	0.8%	33,000	+0.0%	$2.5M
VOOVanguard Index Fds	0.7%	0.6%	3,462	+9.0%	$2.4M
SLBSlb Limited	0.7%	0.8%	51,074	+4.1%	$2.4M
NYCB-PUFlagstar Bank National Assoc	0.7%	0.7%	53,868	-4.0%	$2.2M
TAt&t Inc	0.6%	—	98,318	—	$2.0M
FISIFinancial Institutions, Inc	0.6%	—	49,428	—	$1.9M

What Cutler Capital Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

NOG Northern Oil & Gas Inc+204.2% shares
BAC-PL Bank of Amer Corp+46.2% shares
BBT Beacon Financial Corporation+26.0% shares
ACI Albertsons Cos Inc+23.7% shares
WY Weyerhaeuser Company Com New REIT+9.1% shares
VOO Vanguard Index Fds+9.0% shares
ENR Energizer Hldgs Inc+5.9% shares

Reduced

Left the top 50

GDX Vaneck ETF Trustwas 0.7%
CNHI Cnh Indl N Vwas 0.6%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +31.0% /yr; S&P 500 +11.7%
3 years: +19.6% /yr; S&P 500 +22.3%
5 years: +4.9% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$331.8M	105
Q1 2026	$309.8M	95
Q4 2025	$281.6M	98
Q3 2025	$262.5M	99
Q2 2025	$246.5M	96
Q1 2025	$237.6M	93
Q4 2024	$235.5M	91
Q3 2024	$243.0M	89
Q2 2024	$217.9M	88
Q1 2024	$217.8M	89
Q4 2023	$218.8M	85
Q3 2023	$207.8M	94

Questions about Cutler Capital Management, LLC's portfolio

What stocks does Cutler Capital Management, LLC own?

Cutler Capital Management, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 105 positions worth $331.8M. The largest are Agnico Eagle Mines Ltd (AEM) at 5.4%, Metlife Inc (MET) at 4.4%, Cto Realty Growth Inc Com (CTO) at 4.2%, Timberland Bancorp Inc (TSBK) at 3.9% and Exchange Bank/Santa Rosa CA (EXSR) at 3.7%.

What did Cutler Capital Management, LLC buy last quarter?

In Q2 2026, Cutler Capital Management, LLC added Northern Oil & Gas Inc (NOG) (+204.2% shares), Bank of Amer Corp (BAC-PL) (+46.2% shares) and Beacon Financial Corporation (BBT) (+26.0% shares), compared with its Q1 2026 filing.

What did Cutler Capital Management, LLC sell last quarter?

In Q2 2026, Cutler Capital Management, LLC cut from its top 50 Vaneck ETF Trust (GDX), cut from its top 50 Cnh Indl N V (CNHI), Csb Bancorp (CSBB) (-12.4% shares), Lxp Industrial Trust (LXP) (-8.6% shares) and Energy Transfer L P (ETPC) (-8.3% shares), compared with its Q1 2026 filing.

How has Cutler Capital Management, LLC's portfolio performed?

A portfolio copying Cutler Capital Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.6% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +31.0% against +11.7%. Over 5 years: +4.9% a year against +10.6%.

When is Cutler Capital Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Cutler Capital Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Cutler Capital Management, LLC manage?

Cutler Capital Management, LLC reported $430.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $331.8M.