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Portfolio (Quarterly) Guide ↗

Cutler Capital Management, LLC

· CIK 0001353098
13F Portfolio $369.9B AUM 116 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 3 New 30 Added 35 Reduced 9 Exited
Page 2 of 6  ·  116 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 VTRS VIATRIS INC Healthcare 456,272.0 $6.2M 1.67% $13.51 +22.9%
22 BANK BOTETOURT 122,465.0 $5.8M 1.56% +11K +10.3% $47.00
23 LEDYARD FINAN 335,696.0 $5.7M 1.55% $17.03
24 CHESPKE FINAN 178,500.0 $5.7M 1.54% $31.99
25 XRN CHIRON RL ESTTE Financial Services 172,211.0 $5.7M 1.54% +17K +11.1% $33.08 +2.1%
26 VICI VICI PRPTY Real Estate 202,685.0 $5.5M 1.50% +16K +8.4% $27.32 +2.5%
27 FXNC FIRST NATL VA Financial Services 204,109.0 $5.5M 1.49% $26.92 +0.2%
28 KIMCO REALTY 89,943.0 $5.4M 1.45% $59.75
29 POTOMAC BANC 231,015.0 $4.6M 1.23% $19.75
30 MERCHANTS FINL 126,950.0 $4.5M 1.20% +1K +0.9% $35.07
31 AAPL PUT APPLE INC Technology 17,500.0 $4.4M 1.20% $253.79 +17.4%
32 NORTHERN OIL 3,950,000.0 $4.3M 1.17% +1.1M +40.6% $1.10
33 WY WEYERHAEUSER Real Estate 174,110.0 $4.3M 1.15% +8K +4.8% $24.43 -6.4%
34 CSB BANCORP 66,563.0 $4.2M 1.12% -437.0 -0.7% $62.36
35 FMBM F&M BANK CORP 135,864.0 $4.1M 1.12% $30.48 +11.5%
36 BANK AMERICA CORP 3,355.0 $4.0M 1.08% NEW $1191.56
37 FSBH CORP 240,000.0 $3.8M 1.04% +30K +14.3% $16.00
38 CMNTY WST BANC 162,590.0 $3.8M 1.02% $23.30
39 SFL SFL CORP LTD Industrials 330,892.0 $3.6M 0.96% -4K -1.1% $10.79 +14.9%
40 MOAT VE WIDE MOAT 36,753.0 $3.6M 0.96% +6K +20.1% $96.70 +2.9%
Page 2 of 6  ·  116 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 41.6%
Basic Materials 12.8%
Real Estate 12.8%
Energy 11.3%
Healthcare 10.3%
Communication Services 4.7%
Industrials 3.1%
Consumer Defensive 2.3%
Technology 0.7%
Consumer Cyclical 0.2%