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Portfolio (Quarterly) Guide ↗

Sippican Capital Advisors

· CIK 0001557406
13F Portfolio $164M AUM 111 positions Filed Jul 22, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 7 New 17 Added 33 Reduced 3 Exited
Page 2 of 2  ·  33 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 Banner Corp 10,640.0 $707K 0.43% -1K -11.0% $66.44
22 WFC Wells Fargo & Co Financial Services 7,020.0 $580K 0.35% -145.0 -2.0% $82.64 +4.9%
23 Nicolet Bankshares Inc 3,502.0 $579K 0.35% -225.0 -6.0% $165.38
24 MGM MGM Resorts International Consumer Cyclical 11,235.0 $537K 0.33% -5K -29.9% $47.81 -11.6%
25 SM ENERGY COMPANY 18,735.0 $489K 0.30% -2K -9.8% $26.10
26 CF CF INDUSTRIES HOLD Basic Materials 3,460.0 $375K 0.23% -3K -47.5% $108.26 +16.2%
27 Travelers Companies Inc 1,100.0 $363K 0.22% -25.0 -2.2% $330.12
28 EQUITY BANCSHARES INC 5,865.0 $287K 0.17% -21K -77.9% $48.99
29 WAL Western Alliance Bancorp Financial Services 2,985.0 $245K 0.15% -8K -72.9% $82.20 -4.5%
30 PG PROCTER & GAMBLE CO Consumer Defensive 1,466.0 $215K 0.13% -100.0 -6.4% $146.64 -2.0%
31 ConocoPhillips 2,013.0 $209K 0.13% -430.0 -17.6% $103.96
32 MILLROSE PPTYS INC 6,745.0 $203K 0.12% -2K -19.8% $30.05
33 Cleanspark Inc 10,650.0 $155K 0.10% -900.0 -7.8% $14.55
Page 2 of 2  ·  33 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 30.3%
Industrials 20.5%
Healthcare 15.4%
Consumer Cyclical 15.3%
Technology 7.1%
Energy 5.9%
Consumer Defensive 3.6%
Communication Services 1.0%
Basic Materials 0.9%