Fund Holdings

Cutler Capital Management, LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
BANK AMERICA CORP03,355+3,35503,997,6841.10%+3,997,684
AGNICO-EAGLE(AEM)120,114118,598-1,51620,362,91524,073,0216.65%+3,710,106
BUNGE LIMITED(BG)79,92079,360-5607,119,27310,094,5362.79%+2,975,263
SIRIUS XM HLDNGS0004,907,5527,496,9682.07%+2,589,416
LXP INDUSTRIAL(LXP)054,115+54,11502,503,3570.69%+2,503,357
FIDELITY CVNGTN275,160267,315-7,8456,815,7019,094,0612.51%+2,278,360
SHELL PLC(SHEL)111,326110,701-6258,180,23410,295,1922.84%+2,114,958
PROGRESS SOFTWARE0004,996,9236,702,9781.85%+1,706,055
NORTHERN OIL0002,707,4354,331,5311.20%+1,624,096
WINNEBAGO INDS000534,3752,115,1900.58%+1,580,815
CHEESECAKE FACTORY INC(CAKE)00001,524,7500.42%+1,524,750
NORTHERN OIL(NOG)30,90073,609+42,709663,4232,151,5870.59%+1,488,164
VERIZON COMM(VZ)137,744141,366+3,6225,610,3167,096,5711.96%+1,486,255
EXCHANGE BANK76,04175,781-2609,885,33011,033,7143.05%+1,148,384
ENERGY TRANSFER(ET)373,291377,198+3,9076,155,5717,279,9222.01%+1,124,351
PARKE BANCORP316,453317,426+9737,923,9729,014,8862.49%+1,090,914
TIMBERLAND BANC291,802291,202-60010,446,49411,482,0753.17%+1,035,581
SFL CORP LTD
SHS
334,392330,892-3,5002,611,6043,570,3280.99%+958,724
BANK BOTETOURT111,034122,465+11,4314,885,4965,755,8551.59%+870,359
MERCK&CO INC(MRK)58,53258,396-1366,161,1147,024,4961.94%+863,382
PFIZER INC(PFE)249,731248,771-9606,218,2906,985,4761.93%+767,186
LEDYARD FINAN336,121335,696-4255,031,7315,716,9031.58%+685,172
CHESPKE FINAN178,500178,50005,042,6255,710,2151.58%+667,590
SCHLUMBERGER(SLB)49,45249,054-3981,897,9792,520,9090.70%+622,930
FSBH CORP210,000240,000+30,0003,255,0003,840,0001.06%+585,000
CSB BANCORP67,00066,563-4373,618,0004,150,8691.15%+532,869
BENCHMARK BANK172,882173,082+2005,751,7846,274,2231.73%+522,439
BEACON FINANCIAL69,18377,238+8,0551,824,3492,317,1460.64%+492,797
VIATRIS INC(VTRS)457,572456,272-1,3005,696,7686,164,2311.70%+467,463
CHIRON RL ESTTE155,022172,211+17,1895,230,4335,696,7411.57%+466,308
HAEMONETICS CORP(HAE)0001,201,4121,665,6500.46%+464,238
MERCHANTS FINL125,850126,950+1,1004,025,9424,452,1371.23%+426,195
VE WIDE MOAT
MRNGSTR WDE MOAT
30,59836,753+6,1553,168,7133,554,0000.98%+385,287
FIRST NATL VA203,109204,109+1,0005,126,4815,494,6241.52%+368,143
PPL CAPITAL0006,919,7387,275,0162.01%+355,278
INNOVIVA INC(INVA)0006,483,3756,817,7011.88%+334,326
POTOMAC BANC230,620231,015+3954,236,4894,562,5461.26%+326,057
WEYERHAEUSER(WY)166,060174,110+8,0503,933,9624,253,5071.17%+319,545
CNH INDUSTRIAL
SHS
170,563169,938-6251,572,5931,869,3210.52%+296,728
VICI PRPTY(VICI)187,035202,685+15,6505,259,4125,537,3431.53%+277,931
AT&T INC(T)62,35662,256-1001,548,9241,804,8020.50%+255,878
F&M BANK CORP135,864135,86403,887,0694,141,1351.14%+254,066
VGRD S&P 5002,6553,177+5221,664,8421,898,3700.52%+233,528
CITIZENS BANC VA25,25028,525+3,275849,9151,069,6880.30%+219,773
ISHARES US REGIO14,00018,000+4,000772,100969,1200.27%+197,020
TYSON FOODS(TSN)27,10727,007-1001,588,9931,730,3170.48%+141,324
PEOPLES FIN SERV28,74828,74801,400,3251,533,1410.42%+132,816
ALERUS FINAN138,000136,470-1,5303,107,7603,235,7040.89%+127,944
CMNTY WST BANC162,829162,590-2393,663,6483,788,3371.05%+124,689
FT NAS CMTY BNK
UT COM SHS ETF
8,58710,207+1,620486,564594,4960.16%+107,932
KIMCO REALTY(KIM)89,99389,943-505,270,8905,374,0941.48%+103,204
ENERGIZER HLDNG(ENR)119,975149,905+29,9302,386,3102,461,4390.68%+75,129
EXXON MOBIL1,2931,2930155,600219,3700.06%+63,770
ALAMOS GOLD11,42210,822-600440,661480,8210.13%+40,160
INTL FLAVORS(IFF)9,5939,451-142646,468685,6650.19%+39,197
KROGER CO COM(KR)5,1554,955-200322,061358,5170.10%+36,456
ALBEMARLE CORP5,1254,675-450304,374335,8990.09%+31,525
ALBERTSONS COS146,712149,662+2,9502,519,0452,550,2410.70%+31,196
SOLVAY BANK37,66537,522-1431,058,3871,088,1380.30%+29,751
FINANCIAL INST49,42849,42801,540,6561,567,3470.43%+26,691
SKEENA(SKE)13,80511,880-1,925327,593353,0740.10%+25,481
VISHAY INTERT000762,875786,7900.22%+23,915
VE GOLD MINERS
GOLD MINERS ETF
23,38722,107-1,2802,005,9092,028,7650.56%+22,856
APPLE HOPTLY(APLE)290,270300,670+10,4003,439,7013,460,7140.96%+21,013
M&T BANK CORP(MTB)3,2383,2380652,457669,4260.18%+16,969
DUK ENRGY(DUK)1,1831,1830138,659154,9020.04%+16,243
SPDR GOLD TRUST(GLD)4564560180,717196,2120.05%+15,495
FIDELITY FNDMNTL8,0858,125+40248,129259,5940.07%+11,465
LOWE'S COS INC(LOW)420473+53101,287111,7600.03%+10,473
GREENBRIER COS000125,693134,9480.04%+9,255
EAGLE BANCORP9,0009,0000179,100185,2200.05%+6,120
WESTERN OPP FUND103,892106,092+2,200892,430897,5360.25%+5,106
FRANKLIN FINANC4,4004,4000220,880224,7520.06%+3,872
PEBBLEBRK HOTEL000289,500292,2060.08%+2,706
TAIWAN SEMICOND(TSM)504455-49153,161153,7670.04%+606
AMERIS BANCORP(ABCB)33,45931,859-1,6002,485,0032,484,6870.69%-316
HANCOCK WHITNEY(HWC)10,89810,8980693,989693,0080.19%-981
IS S&P US VALUE4,5504,5500466,557465,2380.13%-1,319
HALOZYME THERAP000118,525114,0570.03%-4,468
VE GLBL WIDE MT
MRNGSTR GBL WIDE
2,9252,9250113,397108,3960.03%-5,001
HECLA MINING CO(HL)10,00010,0000191,900186,3000.05%-5,600
SOUTHSTATE CORP5,7235,755+32538,608532,4240.15%-6,184
ALPHABET INC(GOOG)3753750117,675107,5730.03%-10,102
SEACOAST BANKIN(SBCF)10,82610,8260340,162327,9280.09%-12,234
FIRST BUSINESS153,785154,590+8058,350,5318,337,0632.30%-13,468
ISHARES SILVER(SLV)2,3752,038-337152,998138,8690.04%-14,129
ABBVIE INC(ABBV)1,9151,9150437,558416,4930.12%-21,065
LCI INDS CONV0001,455,3241,433,0600.40%-22,264
AMAZON.COM(AMZN)1,0051,0050231,974209,3110.06%-22,663
SPDR S&P 500(SPY)493481-12336,298312,9290.09%-23,369
CTO REALTY GRW663,543659,370-4,17312,215,82912,191,7543.37%-24,075
ALPHABET INC(GOOG)1,1471,1470359,011329,8310.09%-29,180
BERKSHIRE HATHA1,3301,3300668,525637,3360.18%-31,189
FIRST CMNTY SC76,50076,50002,268,2252,236,0950.62%-32,130
INTL BUS MACHINE(IBM)6116110180,984148,1000.04%-32,884
ETSY INC BOND0001,759,2681,726,0780.48%-33,190
JPMORGAN CHASE(JPM)1,1881,1880382,797349,4620.10%-33,335
STARWOOD PPTY000965,855925,0150.26%-40,840
INVESCO MUNI86,11786,1170893,036849,9780.23%-43,058
AMPHASTAR PHARMA0001,811,9271,752,7900.48%-59,137
Page 1 of 2