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CCM
Cutler Capital Management Portfolio holdings
AUM
$385M
1-Year Est. Return
19.11%
This Fund
S&P 500
This Quarter
Est. Return
-6.1%
1 Year Est. Return
+19.11%
3 Year Est. Return
+39.73%
5 Year Est. Return
+32.19%
10 Year Est. Return
+64.64%
AUM
$216M
AUM Growth
-$43.4M
(-17%)
Cap. Flow
-$15M
Cap. Flow
% of AUM
-6.96%
Top 10 Holdings %
Top 10 Hldgs %
31.84%
Holding
112
New
3
Increased
52
Reduced
16
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alerus Financial
ALRS
|
+$3.63M |
| 2 |
RPT.PRD
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
|
+$1.1M |
| 3 |
XRN
Chiron Real Estate Inc
XRN
|
+$920K |
| 4 |
Shell
SHEL
|
+$865K |
| 5 |
Apple Hospitality REIT
APLE
|
+$689K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dominion Energy
D
|
+$4.72M |
| 2 |
First Horizon
FHN
|
+$1.16M |
| 3 |
Choiceone Financial
COFS
|
+$874K |
| 4 |
Orrstown Financial Services
ORRF
|
+$662K |
| 5 |
HCI Group
HCI
|
+$592K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 36.94% |
| 2 | Financials | 30.33% |
| 3 | Healthcare | 8.25% |
| 4 | Real Estate | 5.74% |
| 5 | Consumer Staples | 5.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Merck
MRK
$363B
| $8.26M | 3.83% |
95,908
-8
| -0% | -$714 |
|
2
Timberland Bancorp
TSBK
$362M
| $7.88M | 3.65% |
285,092
+1,142
| +0.4% | +$29.9K |
|
3
SB Financial Group
SBFG
$184M
| $6.67M | 3.09% |
396,066
-1,877
| -0.5% | -$32.4K |
|
4
Pfizer
PFE
$158B
| $6.53M | 3.03% |
149,202
+445
| +0.3% | +$21.6K |
|
|
HCDIP
5
DELISTED
Harbor Custom Development, Inc. 8.0% Series A Cumulative Convertible Preferred Stock, no par value
HCDIP
| $6.5M | 3.01% |
586,500
+100
| +0% | +$1.33K |
|
6
Parke Bancorp
PKBK
$403M
| $6.06M | 2.81% |
289,234
+2,690
| +0.9% | +$59.4K |
|
7
Bunge Global
BG
$22.9B
| $5.91M | 2.74% |
71,560
+1,932
| +3% | +$180K |
|
8
Agnico Eagle Mines
AEM
$102B
| $5.76M | 2.67% |
136,404
+2,735
| +2% | +$117K |
|
9
Tyson Foods
TSN
$18.4B
| $5.02M | 2.33% |
76,151
-330
| -0.4% | -$26.1K |
|
10
International Flavors & Fragrances
IFF
$21.7B
| $4.62M | 2.14% |
50,884
-354
| -0.7% | -$40.6K |
|
11
First Business Financial Services
FBIZ
$598M
| $4.39M | 2.03% |
135,750
+700
| +0.5% | +$23.2K |
|
|
CWBC
12
DELISTED
Community West BanCshares
CWBC
| $4.38M | 2.03% |
314,227
-4,670
| -1% | -$65.4K |
|
13
Energy Transfer Partners
ET
$72.5B
| $4.3M | 2% |
390,313
+29,447
| +8% | +$328K |
|
14
Weyerhaeuser
WY
$15.6B
| $4.27M | 1.98% |
149,583
-15,664
| -9% | -$533K |
|
|
FLG.PRU
15
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$115M
| $4.25M | 1.97% |
95,385
+500
| +0.5% | +$23.3K |
|
16
Fidelity MSCI Energy Index ETF
FENY
$2.16B
| $4M | 1.85% |
201,252
+24,206
| +14% | +$502K |
|
|
17
Alerus Financial
ALRS
$817M
| $3.4M | 1.58% |
+153,866
| New | +$3.63M |
|
18
Energizer
ENR
$1.49B
| $3.3M | 1.53% |
131,152
+5,358
| +4% | +$156K |
|
19
LXP Industrial Trust
LXP
$3.59B
| $3.23M | 1.49% |
70,407
+376
| +0.5% | +$19.6K |
|
20
AT&T
T
$174B
| $3.06M | 1.42% |
199,632
+9,576
| +5% | +$174K |
|
21
Viatris
VTRS
$19.7B
| $3.01M | 1.4% |
353,682
+45,616
| +15% | +$449K |
|
22
Finward Bancorp
FNWD
$185M
| $2.96M | 1.37% |
87,000
| – | – |
|
23
Blue Ridge Bankshares
BRBS
$354M
| $2.91M | 1.35% |
229,300
+2,900
| +1% | +$42K |
|
|
RPT.PRD
24
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $2.9M | 1.34% |
66,081
+22,436
| +51% | +$1.1M |
|
|
25
Shell
SHEL
$274B
| $2.83M | 1.31% |
56,775
+16,792
| +42% | +$865K |
|
Similar funds
SFA
UAH
CI
WCM
IFA
PB
JWS
BWM
Cutler Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Cutler Capital Management held 112 positions worth $216M, down 17% from $259M the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Cutler Capital Management withdrew a net $15M in Q3 2022, closing 10 positions and reducing 16 holdings. Its most notable exit was Dominion Energy, an estimated $4.72M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 37% of assets, down from 39% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Cutler Capital Management opened a new position in Alerus Financial worth $3.4M.
- Cutler Capital Management's largest Q3 2022 buy was Alerus Financial: 153,866 shares worth $3.4M.
- Cutler Capital Management added most to RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest in Q3 2022, an estimated $1.1M increase.
- Cutler Capital Management's biggest Q3 2022 reduction was Orrstown Financial Services, cutting an estimated $662K.
- Cutler Capital Management fully exited Dominion Energy in Q3 2022, selling an estimated $4.72M.
- Cutler Capital Management's ten largest holdings make up 32% of its $216M portfolio in Q3 2022.
- Cutler Capital Management opened 3 new positions and closed 10 in Q3 2022.
- Cutler Capital Management's portfolio value fell 17% quarter-over-quarter to $216M.
Based on Cutler Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.