CUTLER CAPITAL MANAGEMENT LLC
Q1 2023 Form 13-F
WORCESTER, MASSACHUSETTS
CIK 0001353098
· CRD 107463
· SEC-registered investment adviser
$224.3M Reported Value Total
CUTLER CAPITAL MANAGEMENT reports 162 total accounts under management (AUM). There are 162 discretionary accounts valued at $305,457,112, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
3 funds
· $119.3M gross asset value
Hedge Fund: $119.3M
Source: Form ADV filed 2026-03-25
Reported value
$224.3M
Quarter over quarter
-8.2%
Holdings
84
Top-10 concentration
31.6%
Key People
Form ADV owners & control persons
Geoffrey Kristopher Allan Dancey
PRESIDENT, CHIEF COMPLIANCE OFFICER, PRINCIPAL AND MANAGING MEMBER
Melvin Stanley Cutler
PRINCIPAL
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
Loading 13F Metrics
Q1 2023 13F record
Q1 2023 13F filing summary
| Period of report | March 31, 2023 |
|---|---|
| Filed | May 12, 2023 |
| Form | 13F-HR |
| Reported value | $224.3M |
| Positions | 84 |
| Change in reported value | -7.7% |
| New positions | 4 |
| Exited positions | 7 |
| Position turnover | 12.1% |
| Top-10 concentration | 31.6% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
105 | $385.0M |
|
Q1 2026 13F
Filed May 15, 2026
|
95 | $369.9M |
|
Q4 2025 13F
Filed Feb 13, 2026
|
98 | $343.1M |
|
Q3 2025 13F
Filed Nov 14, 2025
|
99 | $313.8M |
|
Q2 2025 13F
Filed Aug 13, 2025
|
96 | $287.4M |
|
Q1 2025 13F
Filed May 14, 2025
|
93 | $287.5M |
|
Q4 2024 13F
Filed Feb 13, 2025
|
91 | $287.2M |
|
Q3 2024 13F
Filed Nov 13, 2024
|
89 | $282.8M |
|
Q2 2024 13F
Filed Aug 14, 2024
|
88 | $256.2M |
|
Q1 2024 13F
Filed May 14, 2024
|
89 | $254.4M |
|
Q4 2023 13F
Filed Feb 13, 2024
|
85 | $241.5M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
94 | $221.7M |
|
Q2 2023 13F
Filed Aug 11, 2023
|
87 | $212.9M |
|
Q1 2023 13F
Filed May 12, 2023
|
84 | $224.3M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
85 | $243.0M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
83 | $215.8M |
|
Q2 2022 13F
Filed Aug 11, 2022
|
90 | $259.2M |
|
Q1 2022 13F
Filed May 11, 2022
|
94 | $281.2M |
|
Q4 2021 13F
Filed Feb 9, 2022
|
93 | $274.9M |
|
Q3 2021 13F
Filed Nov 12, 2021
|
95 | $264.8M |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | MET METLIFE | $9.9M | 4.4% |
| 2 | MRK MERCK | $8.2M | 3.64% |
| 3 | TSBK TIMBERLAND BANK | $7.7M | 3.43% |
| 4 | EXSR EXCHANGE BANK | $7.6M | 3.41% |
| 5 | BG BUNGE LIMITED | $7.0M | 3.12% |
| 6 | PFE PFIZER | $7.0M | 3.11% |
| 7 | AEM AGNICO EAGLE | $7.0M | 3.11% |
| 8 | LFGP LEDYARD FINANCIAL | $5.6M | 2.5% |
| 9 | SBFG SB FINANCIAL | $5.6M | 2.5% |
| 10 | PKBK PARKE BANCORP | $5.4M | 2.39% |
| 11 | ET ENERGY TRANSFER MLP | $5.1M | 2.29% |
| 12 | SHEL SHELL PLC | $4.8M | 2.16% |
| 13 | IFF INTL FLAVORS | $4.7M | 2.11% |
| 14 | ENR ENERGIZER | $4.5M | 2.02% |
| 15 | WY WEYERHAEUSER | $4.5M | 2.01% |
| 16 | FENY FIDELITY ENERGY ETF | $4.5M | 2.01% |
| 17 | FBIZ FIRST BUSINESS | $4.4M | 1.98% |
| 18 | CWBC COMMUNITY WEST | $4.0M | 1.77% |
| 19 | CPKF CHESAPEAKE FINL | $3.9M | 1.76% |
| 20 | SFL 4.875 05/01/23 SFL CORP | $3.7M | 1.64% |
Values as reported on the Q1 2023 Form 13F. Every position is in the holdings table below.