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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 3 of 6  ·  116 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 APLE APPLE HOPTLY Real Estate 300,670.0 $3.5M 0.94% +10K +3.6% $11.51 +19.5%
42 PUT MICROSOFT CORP 9,000.0 $3.3M 0.90% -81K -90.0% $370.17
43 ALRS ALERUS FINAN Financial Services 136,470.0 $3.2M 0.88% -2K -1.1% $23.71 +12.0%
44 JAZZ INVEST 2,565,000.0 $3.1M 0.84% -3.1M -54.7% $1.21
45 LIBERTY MEDIA 2,300,000.0 $2.7M 0.72% -50K -2.1% $1.15
46 ACI ALBERTSONS COS Consumer Defensive 149,662.0 $2.6M 0.69% +3K +2.0% $17.04 -3.8%
47 SLB SCHLUMBERGER Energy 49,054.0 $2.5M 0.68% -398.0 -0.8% $51.39 +8.5%
48 LXP INDUSTRIAL 54,115.0 $2.5M 0.68% NEW $46.26
49 ABCB AMERIS BANCORP Financial Services 31,859.0 $2.5M 0.67% -2K -4.8% $77.99 +5.9%
50 AIG AMERICAN INTL Financial Services 33,000.0 $2.5M 0.67% +200.0 +0.6% $75.25 +1.1%
51 ENR ENERGIZER HLDNG Industrials 149,905.0 $2.5M 0.67% +30K +24.9% $16.42 +1.7%
52 HCI HCI GROUP INC Financial Services 15,104.0 $2.3M 0.63% -189.0 -1.2% $154.61 +1.2%
53 BEACON FINANCIAL 77,238.0 $2.3M 0.63% +8K +11.6% $30.00
54 FCCO FIRST CMNTY SC Financial Services 76,500.0 $2.2M 0.60% $29.23 +0.1%
55 FLAGSTAR FNCL 56,093.0 $2.2M 0.59% -29K -34.1% $38.75
56 NOG NORTHERN OIL Energy 73,609.0 $2.2M 0.58% +43K +138.2% $29.23 -20.1%
57 WINNEBAGO INDS 2,345,000.0 $2.1M 0.57% +1.8M +311.4% $0.90
58 GDX VE GOLD MINERS 22,107.0 $2.0M 0.55% -1K -5.5% $91.77 -4.8%
59 VOO VGRD S&P 500 3,177.0 $1.9M 0.51% +522.0 +19.7% $597.54 +13.7%
60 CNH INDUSTRIAL 169,938.0 $1.9M 0.51% $11.00
Page 3 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%