We are live on ! Find out more
CCM

Cutler Capital Management Portfolio holdings

AUM $370M
1-Year Est. Return 15.34%
This Fund
S&P 500
This Quarter Est. Return
+0.08%
1 Year Est. Return
+15.34%
3 Year Est. Return
+34.05%
5 Year Est. Return
+30.59%
10 Year Est. Return
+61.15%
AUM
$254M
AUM Growth
+$12.9M
Cap. Flow
-$17.3M
Cap. Flow %
-6.79%
Top 10 Hldgs %
32.01%
Holding
118
New
13
Increased
44
Reduced
21
Closed
9

Top Buys

Rank Stock Value
1
KIM.PRN icon
Kimco Realty Corp 7.25% Class N Preferred Stock
KIM.PRN
+$5.21M
2
CLVT.PRA
Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares
CLVT.PRA
+$1.41M
3
TTE icon
TotalEnergies
TTE
+$787K
4
EPR.PRC icon
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
+$518K
5
APLE icon
Apple Hospitality REIT
APLE
+$363K

Top Sells

Rank Stock Value
1
RPT.PRD
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
+$4.98M
2
AJXA
Great Ajax Corp.7.25% Convertible Senior Notes due 2024
AJXA
+$1.69M
3
KEY icon
KeyCorp
KEY
+$697K
4
HCDIP
Harbor Custom Development, Inc. 8.0% Series A Cumulative Convertible Preferred Stock, no par value
HCDIP
+$497K
5
CWBC
Community West BanCshares
CWBC
+$355K

Sector Composition

Rank Sector Weight
1 Financials 24.77%
2 Real Estate 8.4%
3 Healthcare 8.4%
4 Energy 5.96%
5 Consumer Staples 5.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
76
JPMorgan Chase
JPM
$950B
$100K 0.04%
+500
New +$90.2K
IYR icon
77
iShares US Real Estate ETF
IYR
$4.57B
– –
-886
Closed -$103K
KEY icon
78
KeyCorp
KEY
$24.4B
– –
-48,435
Closed -$697K
AJXA
79
DELISTED
Great Ajax Corp.7.25% Convertible Senior Notes due 2024
AJXA
– –
-68,835
Closed -$1.69M
RPT.PRD
80
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
– –
-87,231
Closed -$4.98M
HCDIP
81
DELISTED
Harbor Custom Development, Inc. 8.0% Series A Cumulative Convertible Preferred Stock, no par value
HCDIP
– –
-522,975
Closed -$497K
1 2 3
4

Similar funds

FAFC
First American Financial Corporation Santa Ana, California $370M AUM 43.76% 1-Year Est. Return
MB
Mizuho Bank Tokyo, Japan $369M AUM 53.09% 1-Year Est. Return
MHP
Manatuck Hill Partners Westport, Connecticut $370M AUM 95.53% 1-Year Est. Return
ACA
AYAL Capital Advisors Toronto, Ontario, Canada $369M AUM 39.67% 1-Year Est. Return
OCMH
Oxbow Capital Management (HK) Hong Kong $371M AUM 383.45% 1-Year Est. Return
PC
Prevatt Capital Nassau, Bahamas $371M AUM 9.39% 1-Year Est. Return
PAA
Peregrine Asset Advisers Portland, Oregon $371M AUM 41.36% 1-Year Est. Return
TCM
Thomist Capital Management Houston, Texas $371M AUM 77.62% 1-Year Est. Return

Cutler Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Cutler Capital Management held 118 positions worth $254M, up 5.4% from $241M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Cutler Capital Management withdrew a net $17.3M in Q1 2024, closing 9 positions and reducing 21 holdings. Its most notable exit was RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest, an estimated $4.98M position sold in full.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 28% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Cutler Capital Management opened a new position in Kimco Realty Corp 7.25% Class N Preferred Stock worth $5.16M.

  • Cutler Capital Management's largest Q1 2024 buy was Kimco Realty Corp 7.25% Class N Preferred Stock: 91,537 shares worth $5.16M.
  • Cutler Capital Management added most to EPR Properties 5.75% Series C Preferred Shares in Q1 2024, an estimated $518K increase.
  • Cutler Capital Management's biggest Q1 2024 reduction was Community West BanCshares, cutting an estimated $355K.
  • Cutler Capital Management fully exited RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest in Q1 2024, selling an estimated $4.98M.
  • Cutler Capital Management's ten largest holdings make up 32% of its $254M portfolio in Q1 2024.
  • Cutler Capital Management opened 13 new positions and closed 9 in Q1 2024.
  • Cutler Capital Management's portfolio value rose 5.4% quarter-over-quarter to $254M.

Based on Cutler Capital Management's 13F filing for Q1 2024, filed 14 May 2024.