Caldwell Sutter Capital, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 19, 2024), Caldwell Sutter Capital, Inc. reported 916 stock positions worth $207.6 million. Its top holding was Apple (AAPL) at 4.2% of the portfolio, followed by Msa Safety (MSA, 3.2%) and Visa Class A (V, 2.2%). Compared with Q4 2023, it opened 30 new positions, sold out of 66, added to 149 and reduced 211. The biggest buy was a new position in Atmus Filtration Technologie (ATMU) and the biggest sale Apple (AAPL, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0000702007
- Portfolio Value
- $207.6M (Q1 2024)
- SEC Filing
- 0001415889-24-011206 ↗ filed Apr 19, 2024
Holdings Value
Holdings 916 stocks · $207.6M
| AAPL Apple Inc. | 4.24% | 51,286 | $8.8M | Reduce -10.2% |
| MSA Msa Safety Inc. | 3.21% | 34,399 | $6.7M | Reduce -1.1% |
| V Visa Inc. Class A | 2.20% | 16,383 | $4.6M | Add +6.0% |
| MSFT Microsoft Corp. | 2.02% | 9,955 | $4.2M | Reduce -4.1% |
| CAT Caterpillar Inc. | 1.92% | 10,894 | $4.0M | Reduce -10.2% |
| KNTK Kinetik Holdings Inc. | 1.86% | 96,579 | $3.9M | Add +9.0% |
| CVX Chevron Corp. | 1.57% | 20,605 | $3.3M | Add +0.7% |
| DGICA Donegal Group Inc. Class A | 1.55% | 227,720 | $3.2M | Add +3.7% |
| COST Costco Wholesale Corp. | 1.53% | 4,348 | $3.2M | Reduce -12.8% |
| ATMU Atmus Filtration Technologie | 1.52% | 97,861 | $3.2M | New |
| NAII Natural Alternatives Intl | 1.30% | 444,338 | $2.7M | Reduce -1.2% |
| IVV iShares Core S&P 500 ETF | 1.29% | 5,105 | $2.7M | Reduce -2.9% |
| INBK First Internet Bancorp | 1.23% | 73,358 | $2.5M | Reduce -0.2% |
| VIG Vanguard Dividend Apprec ETF | 1.15% | 13,058 | $2.4M | Add +3.2% |
| NEN New England Realty Assoc-LP | 1.12% | 32,339 | $2.3M | No change |
| SSBI Summit State Bank | 1.09% | 209,328 | $2.3M | Add +0.8% |
| PFE Pfizer Inc. | 0.98% | 73,621 | $2.0M | Add +2.3% |
| CSW CSW Industrials Inc. | 0.98% | 8,664 | $2.0M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.95% | 10,284 | $2.0M | Reduce -4.2% |
| XOM Exxon Mobil Corp. | 0.90% | 16,011 | $1.9M | Reduce -1.6% |
| PPIH Perma-Pipe International Hol | 0.87% | 229,307 | $1.8M | Reduce -3.3% |
| JPM JPMorgan Chase & Co. | 0.87% | 9,014 | $1.8M | Reduce -1.8% |
| MOD Modine Manufacturing Co. | 0.86% | 18,839 | $1.8M | Reduce -17.5% |
| CREATIVE MEDIA & CMNTY TR | 0.85% | 414,235 | $1.8M | Reduce -2.4% |
| BSM Black Stone Minerals LP | 0.83% | 107,300 | $1.7M | Add +1.5% |
| KYN Kayne Anderson Energy Infra | 0.82% | 170,910 | $1.7M | Reduce -5.2% |
| PKBK Parke Bancorp Inc. | 0.82% | 99,294 | $1.7M | Reduce -1.2% |
| PEP Pepsico Inc. | 0.81% | 9,643 | $1.7M | Reduce -4.0% |
| BCML Baycom Corp. | 0.81% | 81,761 | $1.7M | Reduce -0.6% |
| AXP American Express Co. | 0.81% | 7,342 | $1.7M | Reduce -0.1% |
| BANR Banner Corporation | 0.80% | 34,687 | $1.7M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.79% | 6,278 | $1.6M | Reduce -3.2% |
| META Meta Platforms Inc. Class A | 0.78% | 3,324 | $1.6M | Add +0.1% |
| UNP Union Pacific Corp. | 0.73% | 6,182 | $1.5M | Reduce -0.0% |
| WLY Wiley (john) & Sons Class A | 0.73% | 39,488 | $1.5M | No change |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.72% | 49,002 | $1.5M | Reduce -5.2% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.72% | 92,021 | $1.5M | Reduce -1.1% |
| IGM iShares Expanded Tech Sector | 0.70% | 16,902 | $1.5M | Reduce -3.5% |
| MCI Barings Corporate Investors | 0.70% | 84,614 | $1.5M | Reduce -3.4% |
| ARL American Realty Investors Inc. | 0.70% | 80,782 | $1.4M | Reduce -2.6% |
| HD Home Depot Inc. | 0.69% | 3,754 | $1.4M | Add +10.5% |
| CSCO Cisco Systems Inc. | 0.68% | 28,189 | $1.4M | Reduce -1.3% |
| SENEA Seneca Foods Corp. Class A | 0.62% | 22,685 | $1.3M | Add +9.7% |
| AXR Amrep Corp. | 0.60% | 53,872 | $1.3M | No change |
| CWBC Community West Bancshares | 0.58% | 78,357 | $1.2M | Reduce -0.6% |
| INTC Intel Corp. | 0.58% | 27,096 | $1.2M | Reduce -3.3% |
| MNTX Manitex International Inc. | 0.56% | 170,725 | $1.2M | Reduce -0.6% |
| CP Canadian Pacific Kansas City | 0.56% | 13,250 | $1.2M | No change |
| DIT Amcon Distributing Co. | 0.54% | 6,082 | $1.1M | Reduce -4.1% |
| MRK Merck & Co. Inc. | 0.53% | 8,403 | $1.1M | Reduce -3.9% |
| BOND PIMCO Active Bond Exchange-T | 0.52% | 11,793 | $1.1M | Reduce -6.1% |
| NICHOLAS FINL INC BC | 0.52% | 159,900 | $1.1M | Reduce -0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.52% | 3,136 | $1.1M | Reduce -3.0% |
| CSWC Capital Southwest Corp. | 0.52% | 43,228 | $1.1M | No change |
| MCD McDonald's Corp. | 0.52% | 3,803 | $1.1M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.51% | 5,847 | $1.1M | Reduce -5.6% |
| BA The Boeing Co. | 0.50% | 5,414 | $1.0M | Reduce -3.6% |
| NWLI National Western Life Grou-A | 0.50% | 2,113 | $1.0M | Reduce -12.0% |
| HON Honeywell International Inc. | 0.50% | 5,017 | $1.0M | No change |
| INTG Intergroup Corp. | 0.48% | 44,102 | $990K | Reduce -1.4% |
| ENB Enbridge Inc. | 0.48% | 27,312 | $988K | Reduce -1.1% |
| VZ Verizon Communications Inc. | 0.47% | 23,432 | $983K | Add +1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 2,312 | $972K | Reduce -4.1% |
| XLE SS Energy Select Sector | 0.45% | 9,883 | $933K | No change |
| ELSE Electro-Sensors Inc. | 0.45% | 223,581 | $932K | No change |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 0.44% | 60,000 | $903K | New |
| PG The Procter & Gamble Co. | 0.43% | 5,477 | $889K | Add +10.1% |
| AIV Apartment Invt & Mgmt Co. Class A | 0.41% | 104,700 | $857K | No change |
| JNJ Johnson & Johnson | 0.41% | 5,341 | $845K | Add +8.3% |
| QCOM Qualcomm Inc. | 0.40% | 4,878 | $826K | Reduce -6.3% |
| ONB Old National Bancorp | 0.39% | 46,492 | $809K | No change |
| DLR Digital Realty Trust Inc. | 0.39% | 5,576 | $803K | Reduce -2.4% |
| CLX Clorox Company | 0.38% | 5,196 | $796K | Add +14.7% |
| DHR Danaher Corp. | 0.38% | 3,147 | $786K | No change |
| WM Waste Management Inc. | 0.37% | 3,628 | $773K | Add +734.0% |
| LMT Lockheed Martin Corp. | 0.37% | 1,668 | $759K | Reduce -3.6% |
| T AT&T Inc. | 0.36% | 42,407 | $746K | Add +0.0% |
| MPV Barings Participation Invest | 0.35% | 45,377 | $731K | No change |
| OKE Oneok Inc. | 0.35% | 9,097 | $729K | Reduce -1.6% |
| DG Dollar General Corp. | 0.35% | 4,631 | $723K | Reduce -10.2% |
| ITIC Investors Title Co. | 0.35% | 4,393 | $717K | Add +33.4% |
| GILD Gilead Sciences Inc. | 0.34% | 9,737 | $713K | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 18,791 | $713K | Reduce -5.0% |
| VDE Vanguard Energy ETF | 0.33% | 5,237 | $690K | No change |
| LGL The LGL Group Inc. | 0.33% | 106,491 | $676K | Reduce -1.3% |
| LDUR PIMCO Enhanced Low Duration | 0.32% | 6,994 | $663K | Reduce -6.3% |
| WLYB Wiley (john) & Sons Class B | 0.31% | 17,104 | $650K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.31% | 3,968 | $646K | Add +2.9% |
| TLT iShares 20+ Year Treasury BD | 0.31% | 6,713 | $635K | Add +3.3% |
| SSBK Southern States Bancshares | 0.31% | 24,494 | $635K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.31% | 1 | $634K | No change |
| SBUX Starbucks Corp. | 0.30% | 6,916 | $632K | Reduce -4.5% |
| NRIM Northrim Bancorp Inc. | 0.30% | 12,367 | $625K | No change |
| DUK Duke Energy Corp. | 0.30% | 6,426 | $621K | Add +1.6% |
| GOOG Alphabet Inc. Class C | 0.29% | 3,946 | $601K | Add +26.2% |
| SMBK Smartfinancial Inc. | 0.29% | 28,431 | $599K | No change |
| KEYS Keysight Technologies Inc. | 0.29% | 3,826 | $598K | Reduce -5.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 4,666 | $571K | Reduce -6.1% |
| PNBK Patriot National Bancorp Inc. | 0.27% | 150,901 | $566K | Reduce -1.4% |
| AMGN Amgen Inc. | 0.27% | 1,952 | $555K | Reduce -4.0% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $221K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EQUITY COMMONWEALTH (EQC 6.5 PERP D) | 6.5% CNV PFD D | 4,200 | $105K | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 3,600 | $88K | No change |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 2,000 | $27K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 31 | $1K | No change |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 500 | $305 | No change |
Total filed on the 13F, all lines: $207.8M.
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -10.2% | 4.24% | −1.36 |
| UNH Unitedhealth Group Inc. | Reduce -48.9% | 0.25% | −0.30 |
| BA The Boeing Co. | Reduce -3.6% | 0.50% | −0.24 |
| PKBK Parke Bancorp Inc. | Reduce -1.2% | 0.82% | −0.21 |
| MNTX Manitex International Inc. | Reduce -0.6% | 0.56% | −0.20 |
| NAII Natural Alternatives Intl | Reduce -1.2% | 1.30% | −0.19 |
| BCML Baycom Corp. | Reduce -0.6% | 0.81% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -12.8% | 1.53% | −0.14 |
| INTC Intel Corp. | Reduce -3.3% | 0.58% | −0.14 |
| O Realty Income Corp. | Reduce -26.6% | 0.24% | −0.13 |
| MCI Barings Corporate Investors | Reduce -3.4% | 0.70% | −0.12 |
| CWBC Community West Bancshares | Reduce -0.6% | 0.58% | −0.11 |
| BMRC Bank of Marin Bancorp | Reduce -3.9% | 0.22% | −0.10 |
| DIT Amcon Distributing Co. | Reduce -4.1% | 0.54% | −0.09 |
| NWLI National Western Life Grou-A | Reduce -12.0% | 0.50% | −0.09 |
| PPIH Perma-Pipe International Hol | Reduce -3.3% | 0.87% | −0.08 |
| GOLD Gold.com Inc. | Reduce -5.2% | 0.72% | −0.07 |
| BOND PIMCO Active Bond Exchange-T | Reduce -6.1% | 0.52% | −0.07 |
| GILD Gilead Sciences Inc. | Reduce -0.5% | 0.34% | −0.06 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.52% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -1.3% | 0.68% | −0.06 |
| PEP Pepsico Inc. | Reduce -4.0% | 0.81% | −0.05 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.05 |
| FSBW FS Bancorp Inc. | Reduce -6.1% | 0.26% | −0.05 |
| SBUX Starbucks Corp. | Reduce -4.5% | 0.30% | −0.05 |
| KO The Coca-Cola Co. | Reduce -14.8% | 0.25% | −0.05 |
| STGW Stagwell Inc. | Reduce -10.1% | 0.19% | −0.05 |
| NICHOLAS FINL INC BC | Reduce -0.6% | 0.52% | −0.04 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.04 |
| LDUR PIMCO Enhanced Low Duration | Reduce -6.3% | 0.32% | −0.04 |
| UNP Union Pacific Corp. | Reduce -0.0% | 0.73% | −0.04 |
| KEYS Keysight Technologies Inc. | Reduce -5.5% | 0.29% | −0.04 |
| ARL American Realty Investors Inc. | Reduce -2.6% | 0.70% | −0.04 |
| GPMT Granite Point Mortgage Trust | Reduce -3.3% | 0.10% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -3.6% | 0.37% | −0.03 |
| CCK Crown Holdings Inc. | Reduce -90.8% | 0.00% | −0.03 |
| BBIO Bridgebio Pharma Inc. | Reduce -31.3% | 0.03% | −0.03 |
| CI The Cigna Group | Reduce -67.7% | 0.02% | −0.03 |
| AMGN Amgen Inc. | Reduce -4.0% | 0.27% | −0.03 |
| MBB iShares MBS ETF | Reduce -45.1% | 0.03% | −0.03 |
| ENB Enbridge Inc. | Reduce -1.1% | 0.48% | −0.03 |
| NXDT Nexpoint Diversified Real Es | Reduce -1.6% | 0.10% | −0.03 |
| PATH Uipath Inc. Class A | Reduce -20.3% | 0.06% | −0.03 |
| KBR KBR Inc. | Sold out | 0.00% | −0.03 |
| APT Alpha Pro Tech Ltd. | Reduce -37.1% | 0.06% | −0.03 |
| DOW Dow Inc. | Reduce -9.1% | 0.26% | −0.03 |
| PNBK Patriot National Bancorp Inc. | Reduce -1.4% | 0.27% | −0.03 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.02 |
| JPC Nuveen Prefered & Income Opp | Reduce -19.8% | 0.09% | −0.02 |
| NKE Nike Inc. Class B | Reduce -1.2% | 0.09% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| ATMU Atmus Filtration Technologie | New | 1.52% | +1.52 |
| MCHB Mechanics Bancorp Class A | New | 0.44% | +0.44 |
| KNTK Kinetik Holdings Inc. | Add +9.0% | 1.86% | +0.35 |
| WM Waste Management Inc. | Add +734.0% | 0.37% | +0.33 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.78% | +0.18 |
| V Visa Inc. Class A | Add +6.0% | 2.20% | +0.16 |
| LXU LSB Industries Inc. | New | 0.11% | +0.11 |
| HD Home Depot Inc. | Add +10.5% | 0.69% | +0.10 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +285.6% | 0.10% | +0.08 |
| ITIC Investors Title Co. | Add +33.4% | 0.35% | +0.07 |
| SENEA Seneca Foods Corp. Class A | Add +9.7% | 0.62% | +0.07 |
| GKOS Glaukos Corp. | Add +5860.0% | 0.07% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +26.2% | 0.29% | +0.07 |
| UFPI Ufp Industries Inc. | Add +109.6% | 0.12% | +0.06 |
| PG The Procter & Gamble Co. | Add +10.1% | 0.43% | +0.06 |
| CLX Clorox Company | Add +14.7% | 0.38% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +3.2% | 1.15% | +0.05 |
| DE Deere & Co. | Add +1087.0% | 0.05% | +0.05 |
| USFR Wisdomtree Floating Rate Tre | Add +35.1% | 0.21% | +0.05 |
| ALL Allstate Corp. | New | 0.04% | +0.04 |
| SCHD Schwab US DVD Equity ETF | Add +188.9% | 0.06% | +0.04 |
| OCSL Oaktree Specialty Lending Co. | New | 0.04% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Add +23.4% | 0.18% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +36.8% | 0.12% | +0.03 |
| U Unity Software Inc. | New | 0.03% | +0.03 |
| VZ Verizon Communications Inc. | Add +1.7% | 0.47% | +0.03 |
| PFF iShares Preferred & Income S | Add +144.4% | 0.05% | +0.03 |
| DHS Wisdomtree US High Dividend | Add +177.8% | 0.04% | +0.03 |
| SCZ iShares MSCI Eafe Small-Cap | Add +13080.0% | 0.02% | +0.02 |
| JPST JPMorgan Ultra-Short Income | Add +666.7% | 0.02% | +0.02 |
| TSLA Tesla Inc. | Add +166.5% | 0.04% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +2.9% | 0.31% | +0.02 |
| RTX RTX Corp. | Add +0.5% | 0.16% | +0.01 |
| MFC Manulife Financial Corp. | Add +141.0% | 0.02% | +0.01 |
| JNJ Johnson & Johnson | Add +8.3% | 0.41% | +0.01 |
| CVX Chevron Corp. | Add +0.7% | 1.57% | +0.01 |
| TKR Timken Co. | Add +55.0% | 0.03% | +0.01 |
| YLDE Franklin Clearbridge Enhance | Add +150.0% | 0.02% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +5.8% | 0.17% | +0.01 |
| KEY Keycorp | Add +3.7% | 0.16% | +0.01 |
| NOW ServiceNow Inc. | Add +500.0% | 0.01% | +0.01 |
| MRVL Marvell Technology Inc. | Add +0.8% | 0.10% | +0.01 |
| AEP American Electric Power | Add +12.6% | 0.09% | +0.01 |
| HPQ HP Inc. | New | 0.01% | +0.01 |
| WELL Welltower Inc. | Add +11.2% | 0.12% | +0.01 |
| SCHY Schwab International DVD ETF | Add +202.3% | 0.02% | +0.01 |
| ET Energy Transfer LP | Add +0.0% | 0.13% | +0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +72.3% | 0.02% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +8.7% | 0.10% | +0.01 |
| PENN Penn Entertainment Inc. | New | 0.01% | +0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| AAN The Aaron's Co. Inc. | COM | Sold out | 0 | $0before exit |
| ES Eversource Energy | COM | Sold out | 0 | $0before exit |
| GPRO Gopro Inc. Class A | CL A | New | 0 | $0 |
| PAYX Paychex Inc. | COM | New | 0 | $0 |
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 |