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Portfolio (Quarterly) Guide ↗

Sippican Capital Advisors

· CIK 0001557406
13F Portfolio $146M AUM 107 positions Filed Apr 23, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 3 New 20 Added 58 Reduced 9 Exited
Page 4 of 6  ·  107 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 WAL Western Alliance Bancorp Financial Services 11,020.0 $781K 0.53% -10K -47.6% $70.85 +8.7%
62 BAC Bank America Corp Financial Services 15,785.0 $770K 0.53% -9K -37.4% $48.75 +5.6%
63 PAA Plains All American Pipeline L Energy 32,800.0 $732K 0.50% $22.33 +6.0%
64 WSFS WSFS Financial Corp Financial Services 11,089.0 $726K 0.50% +451.0 +4.2% $65.46 +9.7%
65 BANR Banner Corp Financial Services 11,955.0 $725K 0.50% -405.0 -3.3% $60.68 +6.5%
66 PEP PepsiCo Inc Consumer Defensive 4,494.0 $698K 0.48% -60.0 -1.3% $155.29 -4.1%
67 DIS Disney Walt Co Disney Communication Services 6,815.0 $657K 0.45% +749.0 +12.3% $96.38 +7.5%
68 DKNG Draftkings Inc Cl A Consumer Cyclical 30,249.0 $654K 0.45% $21.62 +17.5%
69 SM SM Energy Co Energy 20,760.0 $647K 0.44% +5K +31.1% $31.18 +11.6%
70 JNJ Johnson & Johnson Healthcare 2,604.0 $637K 0.44% -70.0 -2.6% $244.44 -5.2%
71 AXP American Express Co Financial Services 2,014.0 $609K 0.42% $302.48 +2.4%
72 MGM MGM Resorts International Consumer Cyclical 16,016.0 $593K 0.41% -625.0 -3.8% $37.01 +1.8%
73 BA Boeing Co Industrials 2,939.0 $585K 0.40% -233.0 -7.3% $199.03 +10.3%
74 CL Colgate Palmolive Co Consumer Defensive 6,697.0 $571K 0.39% -300.0 -4.3% $85.23 +6.1%
75 WFC Wells Fargo & Co Financial Services 7,165.0 $570K 0.39% -210.0 -2.9% $79.61 -4.8%
76 NIC Nicolet Bankshares Inc Financial Services 3,727.0 $554K 0.38% NEW $148.61 -4.2%
77 MTH Meritage Homes Corp Consumer Cyclical 8,107.0 $501K 0.34% NEW $61.84 +3.3%
78 SBLK Star Bulk Carriers Corp Par Industrials 21,677.0 $498K 0.34% $22.97 +16.2%
79 V Visa Inc Cl A Financial Services 1,580.0 $478K 0.33% $302.24 +9.4%
80 HD Home Depot Inc Consumer Cyclical 1,450.0 $477K 0.33% -50.0 -3.3% $328.89 -4.6%
Page 4 of 6  ·  107 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 39.8%
Energy 14.2%
Industrials 12.6%
Healthcare 11.5%
Consumer Cyclical 9.9%
Technology 3.5%
Communication Services 2.9%
Consumer Defensive 1.9%
Real Estate 1.7%
Utilities 1.2%