Caldwell Sutter Capital, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 5, 2026), Caldwell Sutter Capital, Inc. reported 925 stock positions worth $265.2 million. Its top holding was Apple (AAPL) at 5.1% of the portfolio, followed by Caterpillar (CAT, 3.2%) and Perma-Pipe International Hol (PPIH, 2.4%). Compared with Q1 2026, it opened 62 new positions, sold out of 27, added to 159 and reduced 195. The biggest buy was a new position in Cal-Maine Foods (CALM) and the biggest sale Perma-Pipe International Hol (PPIH, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0000702007
- Portfolio Value
- $265.2M (Q2 2026)
- SEC Filing
- 0000702007-26-000009 ↗ filed Aug 5, 2026
Holdings Value
Holdings 925 stocks · $265.2M
| AAPL Apple Inc. | 5.09% | 46,641 | $13.5M | Add +0.1% |
| CAT Caterpillar Inc. | 3.21% | 7,994 | $8.5M | Reduce -2.3% |
| PPIH Perma-Pipe International Hol | 2.38% | 231,638 | $6.3M | Reduce -1.1% |
| PLBC Plumas Bancorp | 2.34% | 106,283 | $6.2M | No change |
| KNTK Kinetik Holdings Inc. | 2.15% | 117,726 | $5.7M | Reduce -0.7% |
| MSA Msa Safety Inc. | 1.90% | 28,879 | $5.0M | Reduce -1.4% |
| SGOV iShares 0-3 Month Treasury B | 1.90% | 50,024 | $5.0M | Add +13.9% |
| SSBI Summit State Bank | 1.79% | 349,284 | $4.7M | Add +0.6% |
| V Visa Inc. Class A | 1.66% | 12,850 | $4.4M | Reduce -0.6% |
| DGICA Donegal Group Inc. Class A | 1.61% | 226,439 | $4.3M | Add +6.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.53% | 8,096 | $4.1M | Add +13.8% |
| IVV iShares Core S&P 500 ETF | 1.35% | 4,770 | $3.6M | Reduce -1.1% |
| SENEA Seneca Foods Corp. Class A | 1.29% | 19,596 | $3.4M | Reduce -2.0% |
| VIG Vanguard Dividend Apprec ETF | 1.28% | 14,323 | $3.4M | Add +0.8% |
| CSCO Cisco Systems Inc. | 1.15% | 25,973 | $3.1M | Reduce -4.0% |
| PKBK Parke Bancorp Inc. | 1.14% | 91,336 | $3.0M | No change |
| CVX Chevron Corp. | 1.05% | 16,865 | $2.8M | Add +0.3% |
| MSFT Microsoft Corp. | 1.04% | 7,414 | $2.8M | Add +1.9% |
| COST Costco Wholesale Corp. | 1.04% | 2,948 | $2.8M | Reduce -2.2% |
| BCML Baycom Corp. | 0.99% | 80,010 | $2.6M | No change |
| IGM iShares Expanded Tech Sector | 0.93% | 15,120 | $2.5M | Reduce -3.8% |
| FSUN Firstsun Capital Bancorp | 0.89% | 60,912 | $2.4M | Add +4.4% |
| JPM JPMorgan Chase & Co. | 0.88% | 7,167 | $2.3M | Reduce -20.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.88% | 8,292 | $2.3M | Add +0.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.83% | 5,982 | $2.2M | Reduce -2.4% |
| CWBC Community West Bancshares | 0.80% | 78,625 | $2.1M | Add +6.1% |
| INBK First Internet Bancorp | 0.79% | 74,899 | $2.1M | Reduce -2.6% |
| MOD Modine Manufacturing Co. | 0.76% | 7,539 | $2.0M | Reduce -41.7% |
| KYN Kayne Anderson Energy Infra | 0.74% | 141,106 | $2.0M | Add +0.0% |
| AXP American Express Co. | 0.73% | 5,739 | $1.9M | Reduce -21.8% |
| XOM Exxonmobil Holdings Corp. | 0.71% | 13,755 | $1.9M | Reduce -0.9% |
| META Meta Platforms Inc. Class A | 0.68% | 3,189 | $1.8M | Add +2.4% |
| UNP Union Pacific Corp. | 0.68% | 6,602 | $1.8M | Add +1.3% |
| BANR Banner Corporation | 0.65% | 26,074 | $1.7M | Reduce -7.7% |
| NEN New England Realty Assoc-LP | 0.64% | 29,019 | $1.7M | No change |
| JNJ Johnson & Johnson | 0.63% | 6,576 | $1.7M | Add +2.7% |
| MCHB Mechanics Bancorp Class A | 0.62% | 103,285 | $1.6M | No change |
| ELSE Electro-Sensors Inc. | 0.61% | 212,600 | $1.6M | Reduce -15.0% |
| INTG Intergroup Corp. | 0.60% | 32,889 | $1.6M | Reduce -1.0% |
| PEP Pepsico Inc. | 0.59% | 11,518 | $1.6M | Add +0.4% |
| ARL American Realty Investors Inc. | 0.58% | 69,222 | $1.5M | Reduce -2.1% |
| WLY Wiley (john) & Sons Class A | 0.58% | 31,535 | $1.5M | No change |
| CET Central Securities Corp. | 0.56% | 28,121 | $1.5M | Add +15.9% |
| MCI Barings Corporate Investors | 0.56% | 83,984 | $1.5M | No change |
| INTC Intel Corp. | 0.55% | 10,443 | $1.5M | Reduce -13.4% |
| GOLD Gold.com Inc. | 0.55% | 34,767 | $1.4M | Reduce -2.9% |
| PFE Pfizer Inc. | 0.52% | 56,959 | $1.4M | Reduce -14.1% |
| USFR Wisdomtree Floating Rate Tre | 0.50% | 26,526 | $1.3M | Add +11.2% |
| SMBK Smartfinancial Inc. | 0.50% | 28,431 | $1.3M | No change |
| ABBV Abbvie Inc. | 0.49% | 5,152 | $1.3M | Add +0.6% |
| NRIM Northrim Bancorp Inc. | 0.48% | 46,204 | $1.3M | No change |
| AXR Amrep Corp. | 0.47% | 49,472 | $1.2M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.47% | 14,435 | $1.2M | Reduce -4.6% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.47% | 81,923 | $1.2M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 0.46% | 3,390 | $1.2M | Reduce -1.4% |
| NAII Natural Alternatives Intl | 0.45% | 498,220 | $1.2M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.44% | 9,164 | $1.2M | Reduce -2.5% |
| BAC Bank of America Corp. | 0.44% | 20,609 | $1.2M | Reduce -0.2% |
| ITIC Investors Title Co. | 0.44% | 4,265 | $1.2M | Add +4.9% |
| GOOG Alphabet Inc. Class C | 0.44% | 3,281 | $1.2M | Reduce -0.9% |
| HSY The Hershey Co. | 0.41% | 6,271 | $1.1M | Add +3.5% |
| VZ Verizon Communications Inc. | 0.41% | 25,498 | $1.1M | Add +1.0% |
| HD Home Depot Inc. | 0.41% | 3,054 | $1.1M | Reduce -0.6% |
| BNY Bank of New York Mellon Corp. | 0.39% | 7,164 | $1.0M | Reduce -9.8% |
| BOND PIMCO Active Bond Exchange-T | 0.39% | 11,214 | $1.0M | Add +2.5% |
| MCD McDonald's Corp. | 0.38% | 3,706 | $1.0M | Add +4.9% |
| ENB Enbridge Inc. | 0.37% | 18,224 | $988K | Reduce -0.6% |
| CP Canadian Pacific Kansas City | 0.37% | 11,393 | $987K | Reduce -14.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.37% | 4,512 | $983K | Add +0.7% |
| XLE SS Energy Select Sector | 0.35% | 17,679 | $939K | Reduce -1.1% |
| GILD Gilead Sciences Inc. | 0.35% | 7,357 | $930K | Reduce -3.1% |
| WMT Walmart Inc. | 0.34% | 8,056 | $912K | Reduce -1.9% |
| CALM Cal-Maine Foods Inc. | 0.34% | 11,125 | $896K | New |
| WM Waste Management Inc. | 0.33% | 3,979 | $887K | Add +0.4% |
| CSWC Capital Southwest Corp. | 0.33% | 36,618 | $870K | Reduce -1.1% |
| INTU Intuit Inc. | 0.32% | 3,220 | $840K | Add +0.8% |
| WELL Welltower Inc. | 0.32% | 3,692 | $838K | Reduce -8.0% |
| ONB Old National Bancorp | 0.31% | 32,012 | $829K | No change |
| UPS United Parcel Service Class B | 0.31% | 7,649 | $822K | Add +7.3% |
| QCOM Qualcomm Inc. | 0.30% | 4,336 | $801K | Add +1.1% |
| KO The Coca-Cola Co. | 0.30% | 9,829 | $799K | Add +13.5% |
| T AT&T Inc. | 0.30% | 37,863 | $784K | Reduce -1.2% |
| LMT Lockheed Martin Corp. | 0.30% | 1,538 | $784K | Reduce -2.4% |
| BA The Boeing Co. | 0.29% | 3,603 | $780K | Reduce -5.5% |
| BSM Black Stone Minerals LP | 0.29% | 55,490 | $775K | Reduce -0.5% |
| DUK Duke Energy Corp. | 0.29% | 6,068 | $768K | Reduce -1.0% |
| LRCX Lam Research Corp. | 0.28% | 1,738 | $753K | Reduce -5.8% |
| DLR Digital Realty Trust Inc. | 0.28% | 4,176 | $750K | Reduce -2.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 1 | $749K | No change |
| MRVL Marvell Technology Inc. | 0.28% | 2,488 | $741K | No change |
| MPV Barings Participation Invest | 0.28% | 43,755 | $737K | No change |
| OKE Oneok Inc. | 0.28% | 8,464 | $736K | Reduce -0.4% |
| WMB Williams Cos Inc. | 0.28% | 9,897 | $736K | Reduce -3.9% |
| CLMT Calumet Inc. | 0.27% | 20,000 | $720K | Add +2.6% |
| IMKTA Ingles Markets Inc. Class A | 0.27% | 8,120 | $719K | No change |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 0.26% | 44,469 | $699K | No change |
| PG The Procter & Gamble Co. | 0.25% | 4,572 | $670K | Reduce -4.0% |
| FSBW FS Bancorp Inc. | 0.25% | 15,142 | $657K | No change |
| USB US Bancorp | 0.25% | 10,870 | $657K | Reduce -3.1% |
| PM Philip Morris International | 0.25% | 3,593 | $650K | No change |
Other holdings (4): bonds, preferreds, convertibles and warrants · $65K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 2,600 | $64K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 31 | $826 | No change |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 500 | $3 | No change |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 1 | $3 | No change |
Total filed on the 13F, all lines: $265.2M.
Portfolio Sells Q1 2026 → Q2 2026
| PPIH Perma-Pipe International Hol | Reduce -1.1% | 2.38% | −0.46 |
| MOD Modine Manufacturing Co. | Reduce -41.7% | 0.76% | −0.38 |
| HON Honeywell International Inc. | Reduce -9.1% | 0.19% | −0.27 |
| XOM Exxonmobil Holdings Corp. | Reduce -0.9% | 0.71% | −0.25 |
| PFE Pfizer Inc. | Reduce -14.1% | 0.52% | −0.24 |
| BANX Arrowmark Financial Corp. | Reduce -97.3% | 0.01% | −0.19 |
| JPM JPMorgan Chase & Co. | Reduce -20.3% | 0.88% | −0.19 |
| KNTK Kinetik Holdings Inc. | Reduce -0.7% | 2.15% | −0.19 |
| COST Costco Wholesale Corp. | Reduce -2.2% | 1.04% | −0.18 |
| AXP American Express Co. | Reduce -21.8% | 0.73% | −0.17 |
| LOW Lowe's Cos Inc. | Reduce -95.3% | 0.01% | −0.16 |
| T AT&T Inc. | Reduce -1.2% | 0.30% | −0.16 |
| EMBJ Embraer SA-Spon ADR | Reduce -50.0% | 0.11% | −0.11 |
| DGICB Donegal Group Inc. Class B | Sold out | 0.00% | −0.11 |
| LMT Lockheed Martin Corp. | Reduce -2.4% | 0.30% | −0.09 |
| XLE SS Energy Select Sector | Reduce -1.1% | 0.35% | −0.09 |
| NAII Natural Alternatives Intl | Reduce -0.1% | 0.45% | −0.08 |
| GILD Gilead Sciences Inc. | Reduce -3.1% | 0.35% | −0.08 |
| DOW Dow Inc. | Reduce -4.7% | 0.11% | −0.08 |
| TLT iShares 20+ Year Treasury BD | Reduce -19.1% | 0.21% | −0.07 |
| WMT Walmart Inc. | Reduce -1.9% | 0.34% | −0.07 |
| CCL Carnival Corp. Ltd. | Reduce -84.1% | 0.01% | −0.07 |
| AMP Ameriprise Financial Inc. | Reduce -44.6% | 0.07% | −0.07 |
| AIV Apartment Invt & Mgmt Co. Class A | Reduce -6.5% | 0.11% | −0.06 |
| VDE Vanguard Energy ETF | Reduce -1.4% | 0.23% | −0.06 |
| CP Canadian Pacific Kansas City | Reduce -14.0% | 0.37% | −0.05 |
| MSA Msa Safety Inc. | Reduce -1.4% | 1.90% | −0.05 |
| BSM Black Stone Minerals LP | Reduce -0.5% | 0.29% | −0.05 |
| DIS The Walt Disney Co. | Reduce -10.1% | 0.24% | −0.05 |
| XLC SS Comm Select Sector SPDR | Reduce -47.8% | 0.04% | −0.04 |
| BANR Banner Corporation | Reduce -7.7% | 0.65% | −0.04 |
| FFWM First Foundation Inc. | Sold out | 0.00% | −0.04 |
| UBFO United Security Bancshare | Sold out | 0.00% | −0.04 |
| SGOL Abrdn Physical Gold Shares | Reduce -0.3% | 0.15% | −0.04 |
| HOS Hornbeck Offshore Services I | Sold out | 0.00% | −0.04 |
| NE Noble Corp. PLC | Sold out | 0.00% | −0.04 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.04 |
| PSLV Sprott Physical Silver Trust | Reduce -18.3% | 0.05% | −0.04 |
| GOLD Gold.com Inc. | Reduce -2.9% | 0.55% | −0.04 |
| DUK Duke Energy Corp. | Reduce -1.0% | 0.29% | −0.04 |
| HONA Honeywell Aerospace Inc. | Reduce -9.4% | 0.19% | −0.04 |
| XLY SS Consumer Disc Select Sect | Reduce -28.5% | 0.09% | −0.04 |
| OKE Oneok Inc. | Reduce -0.4% | 0.28% | −0.04 |
| DLR Digital Realty Trust Inc. | Reduce -2.9% | 0.28% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -1.9% | 0.19% | −0.03 |
| ENB Enbridge Inc. | Reduce -0.6% | 0.37% | −0.03 |
| IAU iShares Gold Trust | Reduce -4.0% | 0.10% | −0.03 |
| APT Alpha Pro Tech Ltd. | Sold out | 0.00% | −0.03 |
| WMB Williams Cos Inc. | Reduce -3.9% | 0.28% | −0.03 |
| CEF Sprott Physical Gold and Sil | Reduce -9.8% | 0.06% | −0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| CALM Cal-Maine Foods Inc. | New | 0.34% | +0.34 |
| AAPL Apple Inc. | Add +0.1% | 5.09% | +0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +13.8% | 1.53% | +0.14 |
| DGICA Donegal Group Inc. Class A | Add +6.7% | 1.61% | +0.13 |
| SGOV iShares 0-3 Month Treasury B | Add +13.9% | 1.90% | +0.10 |
| CWBC Community West Bancshares | Add +6.1% | 0.80% | +0.09 |
| PANW Palo Alto Networks Inc. | Add +15.1% | 0.14% | +0.08 |
| ITIC Investors Title Co. | Add +4.9% | 0.44% | +0.08 |
| QCOM Qualcomm Inc. | Add +1.1% | 0.30% | +0.08 |
| FRMI Fermi Inc. | New | 0.07% | +0.07 |
| CET Central Securities Corp. | Add +15.9% | 0.56% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +6.9% | 0.19% | +0.07 |
| IBM Intl Business Machines Corp. | Add +0.5% | 0.88% | +0.07 |
| JIVE JPM Interntl Value ETF | Add +1206.3% | 0.06% | +0.06 |
| HLT Hilton Worldwide Holdings Inc. | Add +4571.4% | 0.04% | +0.04 |
| SNDK Sandisk Corp. | Add +500.0% | 0.04% | +0.04 |
| UBER Uber Technologies Inc. | Add +869.7% | 0.04% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +2221.9% | 0.04% | +0.04 |
| DHS Wisdomtree US High Dividend | Add +27.7% | 0.20% | +0.04 |
| ABBV Abbvie Inc. | Add +0.6% | 0.49% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | Add +0.8% | 1.28% | +0.03 |
| UNP Union Pacific Corp. | Add +1.3% | 0.68% | +0.03 |
| KO The Coca-Cola Co. | Add +13.5% | 0.30% | +0.03 |
| LNG Cheniere Energy Inc. | New | 0.03% | +0.03 |
| EXPE Expedia Group Inc. | New | 0.03% | +0.03 |
| ANET Arista Networks Inc. | Add +5800.0% | 0.03% | +0.03 |
| INSM Insmed Inc. | New | 0.03% | +0.03 |
| FAST Fastenal Co. | New | 0.03% | +0.03 |
| BLDR Builders Firstsource Inc. | New | 0.03% | +0.03 |
| ORLY O'reilly Automotive Inc. | New | 0.03% | +0.03 |
| UL Unilever PLC-Sponsored ADR | Add +92.2% | 0.06% | +0.03 |
| BIZD Vaneck BDC Income ETF | Add +669.6% | 0.03% | +0.03 |
| MSI Motorola Solutions Inc. | New | 0.03% | +0.03 |
| EME Emcor Group Inc. | New | 0.03% | +0.03 |
| NBIX Neurocrine Biosciences Inc. | New | 0.03% | +0.03 |
| FSUN Firstsun Capital Bancorp | Add +4.4% | 0.89% | +0.03 |
| TTWO Take-Two Interactive Softwre | New | 0.03% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +11.2% | 0.17% | +0.03 |
| UPS United Parcel Service Class B | Add +7.3% | 0.31% | +0.02 |
| NET Cloudflare Inc. Class A | New | 0.02% | +0.02 |
| MDGL Madrigal Pharmaceuticals Inc. | New | 0.02% | +0.02 |
| BWXT BWX Technologies Inc. | New | 0.02% | +0.02 |
| CMC Commercial Metals Co. | New | 0.02% | +0.02 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.02% | +0.02 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +42.2% | 0.07% | +0.02 |
| DASH DoorDash Inc. Class A | New | 0.02% | +0.02 |
| ASND Ascendis Pharma A/S | New | 0.02% | +0.02 |
| IDYA Ideaya Biosciences Inc. | New | 0.02% | +0.02 |
| A Agilent Technologies Inc. | Add +205.7% | 0.03% | +0.02 |
| ADSK Autodesk Inc. | Add +2341.7% | 0.02% | +0.02 |
Notes & Other Activity Q1 2026 → Q2 2026
| U Unity Software Inc. | COM | Reduce -100.0% | 0 | $0 |
| IFN Aberdeen India Fund Inc. | COM | Sold out | 0 | $0before exit |
| RGTI Rigetti Computing Inc. | COMMON STOCK | Sold out | 0 | $0before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 925 | $265.2M | AAPL, CAT, PPIH, PLBC, KNTK |
| Q1 2026 | 888 | $245.8M | AAPL, PPIH, CAT, KNTK, PLBC |
| Q4 2025 | 873 | $235.8M | AAPL, PPIH, MSA, CAT, PLBC |
| Q3 2025 | 866 | $234.1M | AAPL, MSA, PPIH, PLBC, V |
| Q2 2025 | 853 | $218.3M | AAPL, MSA, PPIH, V, DGICA |
| Q1 2025 | 885 | $210.2M | AAPL, V, MSA, DGICA, KNTK |
| Q4 2024 | 894 | $214.8M | AAPL, MSA, V, KNTK, MSFT |
| Q3 2024 | 902 | $214.4M | AAPL, MSA, MSFT, KNTK, V |
| Q2 2024 | 919 | $201.9M | AAPL, MSA, MSFT, V, KNTK |
| Q1 2024 | 916 | $207.6M | AAPL, MSA, V, MSFT, CAT |