Cutler Capital Management, LLC
Q4 2025 13F-HR Holdings
Net value change ($000)
+29,335
(9.3%)
New positions
7
Sold out positions
8
Turnover %
1.8%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q3 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| XRN | 1,877 | 56.0% |
| BBT | 1,469 | 413.8% |
| CTO | 1,377 | 12.7% |
| MRK | 1,274 | 26.1% |
| PKBK | 1,229 | 18.4% |
| EXSR | 1,203 | 13.9% |
| CPKF | 1,170 | 30.2% |
| FSBH | 1,155 | 55.0% |
| SBFG | 1,151 | 15.2% |
| VTRS | 1,104 | 24.0% |
Top Reduces (Value $000, Stocks/ETFs)
| SPLV | -795 | -100.0% |
| ENR | -773 | -24.5% |
| SSB | -562 | -100.0% |
| MET | -533 | -3.9% |
| NEW YORK COMMUNITY CAPITAL TRUST V | -488 | -12.5% |
| CLVT | -335 | -100.0% |
| CNH INDL N V | -305 | -16.2% |
| T | -283 | -15.4% |
| EPR | -266 | -12.8% |
| AEM | -262 | -1.3% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
9,111
(2.7% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|