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Portfolio (Quarterly) Guide ↗

Cutler Capital Management, LLC

· CIK 0001353098
13F Portfolio $343M AUM Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 122 New
Page 2 of 7  ·  122 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 KIMCO REALTY 89,993.0 $5.3M 1.54% NEW $58.57
22 VICI VICI PRPTY Real Estate 187,035.0 $5.3M 1.53% NEW $28.12 -0.4%
23 XRN GLOBAL MEDICAL Financial Services 155,022.0 $5.2M 1.52% NEW $33.74 +0.1%
24 FXNC FIRST NATL VA Financial Services 203,109.0 $5.1M 1.49% NEW $25.24 +6.9%
25 CHESPKE FINAN 178,500.0 $5.0M 1.47% NEW $28.25
26 LEDYARD FINAN 336,121.0 $5.0M 1.47% NEW $14.97
27 PROGRESS SOFTWARE 4,945,000.0 $5.0M 1.46% NEW $1.01
28 SIRIUS XM HLDNGS 4,888,000.0 $4.9M 1.43% NEW $1.00
29 BANK BOTETOURT 111,034.0 $4.9M 1.42% NEW $44.00
30 AAPL PUT APPLE INC Technology 17,500.0 $4.8M 1.39% NEW $271.86 +9.6%
31 PUT MICROSOFT CORP 90,000.0 $4.4M 1.27% NEW $48.36
32 POTOMAC BANC 230,620.0 $4.2M 1.24% NEW $18.37
33 MERCHANTS FINL 125,850.0 $4.0M 1.17% NEW $31.99
34 WY WEYERHAEUSER Real Estate 166,060.0 $3.9M 1.15% NEW $23.69 -3.5%
35 FMBM F&M BANK CORP 135,864.0 $3.9M 1.13% NEW $28.61 +18.8%
36 CMNTY WST BANC 162,829.0 $3.7M 1.07% NEW $22.50
37 CSB BANCORP 67,000.0 $3.6M 1.05% NEW $54.00
38 APLE APPLE HOPTLY Real Estate 290,270.0 $3.4M 1.00% NEW $11.85 +17.1%
39 FLAGSTAR FNCL 85,179.0 $3.4M 0.99% NEW $40.05
40 FSBH CORP 210,000.0 $3.3M 0.95% NEW $15.50
Page 2 of 7  ·  122 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 43.9%
Real Estate 14.7%
Basic Materials 11.6%
Healthcare 9.9%
Energy 9.1%
Communication Services 4.1%
Industrials 2.8%
Consumer Defensive 2.4%
Technology 0.9%
Utilities 0.3%