CCM

Cutler Capital Management Portfolio holdings

AUM $287M
1-Year Return 8.81%
This Quarter Return
+0.54%
1 Year Return
+8.81%
3 Year Return
+10.87%
5 Year Return
+34.16%
10 Year Return
+35.64%
AUM
$184M
AUM Growth
-$2.94M
Cap. Flow
-$36M
Cap. Flow %
-19.63%
Top 10 Hldgs %
33.21%
Holding
93
New
5
Increased
23
Reduced
23
Closed
2

Top Buys

1
IFFT
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
$4.34M
2
AIG icon
American International
AIG
$606K
3
EQC
Equity Commonwealth
EQC
$513K
4
MRK icon
Merck
MRK
$355K
5
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
$280K

Top Sells

1
D icon
Dominion Energy
D
$2.75M
2
SJIU
South Jersey Industries, Inc.
SJIU
$1.84M
3
FLG.PRU
Flagstar Financial, Inc. Bifurcated Option Note Unit SecuritiES
FLG.PRU
$497K
4
PEO
Adams Natural Resources Fund
PEO
$341K
5
FLIC
First of Long Island Corp
FLIC
$324K

Sector Composition

1 Financials 21.23%
2 Real Estate 7.17%
3 Healthcare 4.73%
4 Consumer Staples 1.2%
5 Utilities 1.09%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SRE.PRB
26
DELISTED
Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
$1.33M 0.72%
13,575
-100
-0.7% -$9.8K
ABCB icon
27
Ameris Bancorp
ABCB
$5.08B
$1.25M 0.68%
54,742
-7,240
-12% -$165K
GABC icon
28
German American Bancorp
GABC
$1.55B
$1.21M 0.66%
44,500
– –
CATC
29
DELISTED
CAMBRIDGE BANCORP
CATC
$1.12M 0.61%
21,000
– –
VGM icon
30
Invesco Trust Investment Grade Municipals
VGM
$527M
$1.01M 0.55%
81,538
+1,991
+3% +$24.7K
FRAF icon
31
Franklin Financial Services
FRAF
$212M
$870K 0.47%
40,687
-4,900
-11% -$105K
FBIZ icon
32
First Business Financial Services
FBIZ
$433M
$843K 0.46%
59,000
+6,500
+12% +$92.9K
FCCO icon
33
First Community Corp
FCCO
$212M
$831K 0.45%
61,000
– –
ORRF icon
34
Orrstown Financial Services
ORRF
$682M
$798K 0.43%
62,343
-7,957
-11% -$102K
COFS icon
35
Choiceone Financial
COFS
$462M
$781K 0.43%
30,000
– –
FXNC icon
36
First National Corp
FXNC
$212M
$699K 0.38%
49,535
+1,335
+3% +$18.8K
LBAI
37
DELISTED
Lakeland Bancorp Inc
LBAI
$657K 0.36%
66,000
+10,000
+18% +$99.5K
AIG icon
38
American International
AIG
$43.9B
$606K 0.33%
+22,000
New +$606K
FHN icon
39
First Horizon
FHN
$11.3B
$519K 0.28%
55,000
+7,000
+15% +$66.1K
EQC
40
DELISTED
Equity Commonwealth
EQC
$513K 0.28%
+19,250
New +$513K
LXP.PRC icon
41
LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock
LXP.PRC
$91.1M
$468K 0.26%
8,000
-2,000
-20% -$117K
MNSB icon
42
MainStreet Bancshares
MNSB
$171M
$456K 0.25%
37,247
– –
FLIC
43
DELISTED
First of Long Island Corp
FLIC
$439K 0.24%
29,675
-21,900
-42% -$324K
FISI icon
44
Financial Institutions
FISI
$553M
$277K 0.15%
18,000
– –
SSB icon
45
SouthState Bank Corporation
SSB
$10.4B
$277K 0.15%
5,775
+20
+0.3% +$959
ENBL
46
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
$252K 0.14%
60,900
+21,300
+54% +$88.1K
HWC icon
47
Hancock Whitney
HWC
$5.32B
$235K 0.13%
12,500
– –
PBCT
48
DELISTED
People's United Financial Inc
PBCT
$217K 0.12%
21,000
+1,500
+8% +$15.5K
PEO
49
Adams Natural Resources Fund
PEO
$574M
$198K 0.11%
21,003
-36,168
-63% -$341K
SBCF icon
50
Seacoast Banking Corp of Florida
SBCF
$2.75B
$180K 0.1%
10,000
– –
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