0001353098-26-000003.txt : 20260515
0001353098-26-000003.hdr.sgml : 20260515
20260515112108
ACCESSION NUMBER: 0001353098-26-000003
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20260331
FILED AS OF DATE: 20260515
DATE AS OF CHANGE: 20260515
EFFECTIVENESS DATE: 20260515
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Cutler Capital Management, LLC
CENTRAL INDEX KEY: 0001353098
ORGANIZATION NAME:
EIN: 043469688
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-11849
FILM NUMBER: 26984172
BUSINESS ADDRESS:
STREET 1: 306 MAIN STREET
CITY: WORCESTER
STATE: MA
ZIP: 01608
BUSINESS PHONE: 508-757-4455
MAIL ADDRESS:
STREET 1: 306 MAIN STREET
CITY: WORCESTER
STATE: MA
ZIP: 01608
13F-HR
1
primary_doc.xml
X0202
13F-HR
LIVE
false
false
false
0001353098
XXXXXXXX
03-31-2026
03-31-2026
Cutler Capital Management, LLC
306 MAIN STREET
WORCESTER
MA
01608
13F HOLDINGS REPORT
028-11849
N
Geoffrey Dancey
Managing Partner
5087574455
Geoffrey Dancey
Worcester
MA
05-15-2026
0
116
369859771
false
INFORMATION TABLE
2
13FQ12026.xml
ALBEMARLE CORP
7.25% DEP SHS A
012653200
335899
4675
SH
SOLE
0
0
4675
BANK AMERICA CORP
7.25% CNV PFD L
060505682
3997684
3355
SH
SOLE
0
0
3355
AMPHASTAR PHARMA
NOTE 2.000% 3/1
03209rab9
1752790
1940000
PRN
SOLE
0
0
1940000
CHEESECAKE FACTORY INC
NOTE 2.000% 3/1
163072ac5
1524750
1500000
PRN
SOLE
0
0
1500000
ETSY INC BOND
NOTE 0.125% 9/0
29786aal0
1726078
1855000
PRN
SOLE
0
0
1855000
GREENBRIER COS
NOTE 2.875% 4/1
393657am3
134948
117000
PRN
SOLE
0
0
117000
HAEMONETICS CORP
NOTE 2.500% 6/0
405024ad2
1665650
1750000
PRN
SOLE
0
0
1750000
HALOZYME THERAP
NOTE 0.250% 3/0
40637had1
114057
110000
PRN
SOLE
0
0
110000
INNOVIVA INC
NOTE 2.125% 3/1
45781mad3
6817701
6320000
PRN
SOLE
990000
0
5330000
JAZZ INVEST
NOTE 2.000% 6/1
472145af8
3111345
2565000
PRN
SOLE
750000
0
1815000
KIMCO REALTY
DP CV CL N 7.25%
49446r687
5374094
89943
SH
SOLE
32000
0
57943
LCI INDS CONV
NOTE 1.125% 5/1
501812ab7
1433060
1442000
PRN
SOLE
0
0
1442000
SIRIUS XM HLDNGS
NOTE 3.750% 3/1
531229ap7
7496968
7223000
PRN
SOLE
0
0
7223000
LIBERTY MEDIA
NOTE 2.250% 8/1
531229aq5
2653050
2300000
PRN
SOLE
0
0
2300000
FLAGSTAR FNCL
UNIT 05/07/2051
64944p307
2173604
56093
SH
SOLE
0
0
56093
NORTHERN OIL
NOTE 3.625% 4/1
665531aj8
4331531
3950000
PRN
SOLE
0
0
3950000
PPL CAPITAL
NOTE 2.875% 3/1
69352pas2
7275016
6210000
PRN
SOLE
125000
0
6085000
PACIRA BIOSCIENCE
NOTE 2.125% 5/1
695127aj9
1420720
1475000
PRN
SOLE
0
0
1475000
PEBBLEBRK HOTEL
NOTE 1.750% 12/1
70509vaa8
292206
300000
PRN
SOLE
0
0
300000
PROGRESS SOFTWARE
NOTE 3.500% 3/0
743312ad2
6702978
7545000
PRN
SOLE
0
0
7545000
STARWOOD PPTY
NOTE 6.750% 7/1
85571bba2
925015
910000
PRN
SOLE
0
0
910000
VISHAY INTERT
NOTE 2.250% 9/1
928298ar9
786790
820000
PRN
SOLE
0
0
820000
WINNEBAGO INDS
NOTE 3.250% 1/1
974637af7
2115190
2345000
PRN
SOLE
0
0
2345000
ABBVIE INC
COM
00287Y109
416493
1915
SH
SOLE
0
0
1915
AMERIS BANCORP
COM
03076K108
2484687
31859
SH
SOLE
0
0
31859
ALBERTSONS COS
COM
013091103
2550241
149662
SH
SOLE
0
0
149662
AGNICO-EAGLE
COM
008474108
24073021
118598
SH
SOLE
30000
0
88598
ALAMOS GOLD
COM CL A
011532108
480821
10822
SH
SOLE
0
0
10822
ALERUS FINAN
COM
01446U103
3235704
136470
SH
SOLE
56070
0
80400
AMAZON.COM
COM
023135106
209311
1005
SH
SOLE
0
0
1005
APPLE HOPTLY
COM NEW
03784Y200
3460714
300670
SH
SOLE
54800
0
245870
BEACON FINANCIAL
COM
084680107
2317146
77238
SH
SOLE
40000
0
37238
BUNGE LIMITED
COM SHS
H11356104
10094536
79360
SH
SOLE
26000
0
53360
BENCHMARK BANK
COM
08160E207
6274223
173082
SH
SOLE
113000
0
60082
BANK BOTETOURT
COM
063907208
5755855
122465
SH
SOLE
79400
0
43065
BERKSHIRE HATHA
CL B NEW
084670702
637336
1330
SH
SOLE
0
0
1330
CNH INDUSTRIAL
SHS
N20944109
1869321
169938
SH
SOLE
75000
0
94938
CHESPKE FINAN
COM
16517A109
5710215
178500
SH
SOLE
107000
0
71500
CTO REALTY GRW
COM
22948Q101
12191754
659370
SH
SOLE
266015
0
393355
CMNTY WST BANC
COM
203937107
3788337
162590
SH
SOLE
60000
0
102590
DUK ENRGY
COM NEW
26441C204
154902
1183
SH
SOLE
0
0
1183
EAGLE BANCORP
COM
26942G100
185220
9000
SH
SOLE
0
0
9000
ENERGIZER HLDNG
COM
29272W109
2461439
149905
SH
SOLE
50000
0
99905
EVERSOURCE
COM
30040W108
294232
4247
SH
SOLE
0
0
4247
ENERGY TRANSFER
COM UT LTD PTN
29273V100
7279922
377198
SH
SOLE
0
0
377198
EXCHANGE BANK
COM
301227203
11033714
75781
SH
SOLE
23600
0
52181
FIRST BUSINESS
COM
319390100
8337063
154590
SH
SOLE
87000
0
67590
FIDELITY CVNGTN
MSCI ENERGY IDX
316092402
9094061
267315
SH
SOLE
71000
0
196315
FIDELITY FNDMNTL
FIDELITY COVINGTON TRUST
316092295
259594
8125
SH
SOLE
0
0
8125
FINANCIAL INST
COM
317585404
1567347
49428
SH
SOLE
43000
0
6428
F&M BANK CORP
COM
30237P106
4141135
135864
SH
SOLE
85500
0
50364
FRANKLIN FINANC
COM
353525108
224752
4400
SH
SOLE
0
0
4400
FSBH CORP
COM
30325F101
3840000
240000
SH
SOLE
230000
0
10000
FIRST NATL VA
COM
32106V107
5494624
204109
SH
SOLE
131325
0
72784
VE GOLD MINERS
GOLD MINERS ETF
92189F106
2028765
22107
SH
SOLE
0
0
22107
SPDR GOLD TRUST
GOLD SHS
78463V107
196212
456
SH
SOLE
0
0
456
ALPHABET INC
CAP STK CL C
02079K107
107573
375
SH
SOLE
0
0
375
ALPHABET INC
CAP STK CL A
02079K305
329831
1147
SH
SOLE
0
0
1147
HCI GROUP INC
COM
40416E103
2335209
15104
SH
SOLE
5705
0
9399
HECLA MINING CO
COM
422704106
186300
10000
SH
SOLE
0
0
10000
HANCOCK WHITNEY
COM
410120109
693008
10898
SH
SOLE
0
0
10898
INTL BUS MACHINE
COM
459200101
148100
611
SH
SOLE
0
0
611
INTL FLAVORS
COM
459506101
685665
9451
SH
SOLE
0
0
9451
IS S&P US VALUE
CORE S&P US VLU
464287663
465238
4550
SH
SOLE
0
0
4550
JOHNSON CONTROL
SHS
G51502105
104760
800
SH
SOLE
0
0
800
JPMORGAN CHASE
COM
46625H100
349462
1188
SH
SOLE
0
0
1188
KROGER CO COM
COM
501044101
358517
4955
SH
SOLE
0
0
4955
LEDYARD FINAN
COM
523338101
5716903
335696
SH
SOLE
139900
0
195796
LOWE'S COS INC
COM
548661107
111760
473
SH
SOLE
0
0
473
LXP INDUSTRIAL
COM
529043408
2503357
54115
SH
SOLE
0
0
54115
METLIFE INC
COM
59156R108
12429651
175759
SH
SOLE
54000
0
121759
MERCHANTS FINL
COM
588538108
4452137
126950
SH
SOLE
68500
0
58450
VE WIDE MOAT
MRNGSTR WDE MOAT
92189F643
3554000
36753
SH
SOLE
0
0
36753
VE GLBL WIDE MT
MRNGSTR GBL WIDE
92189F122
108396
2925
SH
SOLE
0
0
2925
MERCK&CO INC
COM
58933Y105
7024496
58396
SH
SOLE
13300
0
45096
MICROSOFT CORP
COM
594918104
609300
1646
SH
SOLE
0
0
1646
M&T BANK CORP
COM
55261F104
669426
3238
SH
SOLE
0
0
3238
NORTHERN OIL
COM
665531307
2151587
73609
SH
SOLE
0
0
73609
ORACLE CORP
COM
68389X105
441330
3000
SH
SOLE
0
0
3000
PFIZER INC
COM
717081103
6985476
248771
SH
SOLE
60000
0
188771
PEOPLES FIN SERV
COM
711040105
1533141
28748
SH
SOLE
0
0
28748
PARKE BANCORP
COM
700885106
9014886
317426
SH
SOLE
110000
0
207426
POTOMAC BANC
COM
737643106
4562546
231015
SH
SOLE
133000
0
98015
FT NAS CMTY BNK
UT COM SHS ETF
33736Q104
594496
10207
SH
SOLE
0
0
10207
INV QQQ TRUST
UNIT SER 1
46090E103
131765
228
SH
SOLE
0
0
228
SEACOAST BANKIN
COM NEW
811707801
327928
10826
SH
SOLE
0
0
10826
SB FINANCIAL
COM
78408D105
8192869
390137
SH
SOLE
133000
0
257137
SFL CORP LTD
SHS
G7738W106
3570328
330892
SH
SOLE
125000
0
205892
SHELL PLC
SPON ADS
780259305
10295192
110701
SH
SOLE
30000
0
80701
SKEENA
COM
83056P715
353074
11880
SH
SOLE
0
0
11880
SCHLUMBERGER
COM STK
806857108
2520909
49054
SH
SOLE
0
0
49054
ISHARES SILVER
ISHARES
46428Q109
138869
2038
SH
SOLE
0
0
2038
SOLVAY BANK
COM
83441Q105
1088138
37522
SH
SOLE
30000
0
7522
SPDR S&P 500
TR UNIT
78462F103
312929
481
SH
SOLE
0
0
481
SOUTHSTATE CORP
COM
84472E102
532424
5755
SH
SOLE
0
0
5755
AT&T INC
COM
00206R102
1804802
62256
SH
SOLE
33200
0
29056
TIMBERLAND BANC
COM
887098101
11482075
291202
SH
SOLE
87000
0
204202
TAIWAN SEMICOND
SPONSORED ADS
874039100
153767
455
SH
SOLE
0
0
455
TYSON FOODS
CL A
902494103
1730317
27007
SH
SOLE
18000
0
9007
INVESCO MUNI
COM
46131M106
849978
86117
SH
SOLE
0
0
86117
VICI PRPTY
COM
925652109
5537343
202685
SH
SOLE
45000
0
157685
VGRD S&P 500
S&P 500 ETF SHS
922908363
1898370
3177
SH
SOLE
0
0
3177
VIATRIS INC
COM
92556V106
6164231
456272
SH
SOLE
125000
0
331272
VERIZON COMM
COM
92343V104
7096571
141366
SH
SOLE
0
0
141366
WESTERN OPP FUND
COM
95766R104
897536
106092
SH
SOLE
0
0
106092
WEYERHAEUSER
COM NEW
962166104
4253507
174110
SH
SOLE
40000
0
134110
EXXON MOBIL
COM
30231G102
219370
1293
SH
SOLE
0
0
1293
CHIRON RL ESTTE
COM NEW
37954A303
5696741
172211
SH
SOLE
30000
0
142211
AMERICAN INTL
COM NEW
026874784
2483250
33000
SH
SOLE
33000
0
0
BANC CALIFORNIA
COM
05990K106
1398489
79550
SH
SOLE
76000
0
3550
CITIZENS BANC VA
COM
17316V104
1069688
28525
SH
SOLE
28275
0
250
CSB BANCORP
COM
12628R107
4150869
66563
SH
SOLE
66563
0
0
FIRST CMNTY SC
COM
319835104
2236095
76500
SH
SOLE
76500
0
0
ISHARES US REGIO
US RGNL BKS ETF
464288778
969120
18000
SH
SOLE
18000
0
0
APPLE INC
COM
037833100
4441325
17500
SH
Put
SOLE
17500
0
0
MICROSOFT CORP
COM
594918954
3331530
9000
SH
Put
SOLE
9000
0
0