Caldwell Sutter Capital, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Caldwell Sutter Capital, Inc. reported 888 stock positions worth $245.8 million. Its top holding was Apple (AAPL) at 4.8% of the portfolio, followed by Perma-Pipe International Hol (PPIH, 2.8%) and Caterpillar (CAT, 2.4%). Compared with Q4 2025, it opened 37 new positions, sold out of 22, added to 171 and reduced 158. The biggest buy was Kinetik (KNTK, shares +62%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- SAUSALITO, CA
- CIK
- 0000702007
- Portfolio Value
- $245.8M (Q1 2026)
- SEC Filing
- 0000702007-26-000007 ↗ filed May 6, 2026
Holdings Value
Holdings 888 stocks · $245.8M
| AAPL Apple Inc. | 4.81% | 46,573 | $11.8M | Reduce -4.0% |
| PPIH Perma-Pipe International Hol | 2.84% | 234,238 | $7.0M | Reduce -0.4% |
| CAT Caterpillar Inc. | 2.36% | 8,180 | $5.8M | Reduce -4.9% |
| KNTK Kinetik Holdings Inc. | 2.33% | 118,570 | $5.7M | Add +61.9% |
| PLBC Plumas Bancorp | 2.11% | 106,283 | $5.2M | No change |
| MSA Msa Safety Inc. | 1.95% | 29,279 | $4.8M | Reduce -8.9% |
| SSBI Summit State Bank | 1.89% | 347,063 | $4.6M | Add +0.1% |
| SGOV iShares 0-3 Month Treasury B | 1.80% | 43,934 | $4.4M | Add +54.7% |
| V Visa Inc. Class A | 1.59% | 12,921 | $3.9M | Reduce -1.7% |
| DGICA Donegal Group Inc. Class A | 1.48% | 212,303 | $3.6M | No change |
| CVX Chevron Corp. | 1.42% | 16,812 | $3.5M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.39% | 7,114 | $3.4M | Add +9.4% |
| IVV iShares Core S&P 500 ETF | 1.28% | 4,821 | $3.1M | Reduce -0.5% |
| VIG Vanguard Dividend Apprec ETF | 1.24% | 14,211 | $3.1M | Reduce -1.7% |
| SENEA Seneca Foods Corp. Class A | 1.23% | 19,996 | $3.0M | No change |
| COST Costco Wholesale Corp. | 1.22% | 3,013 | $3.0M | Reduce -1.1% |
| MOD Modine Manufacturing Co. | 1.14% | 12,939 | $2.8M | Reduce -22.2% |
| MSFT Microsoft Corp. | 1.10% | 7,279 | $2.7M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 1.08% | 8,996 | $2.6M | Reduce -2.5% |
| PKBK Parke Bancorp Inc. | 1.06% | 91,336 | $2.6M | Reduce -0.3% |
| BCML Baycom Corp. | 0.97% | 80,010 | $2.4M | No change |
| XOM Exxon Mobil Corp. | 0.96% | 13,877 | $2.4M | Reduce -0.8% |
| AXP American Express Co. | 0.90% | 7,338 | $2.2M | No change |
| FSUN Firstsun Capital Bancorp | 0.86% | 58,322 | $2.1M | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 0.85% | 27,051 | $2.1M | Reduce -6.2% |
| KYN Kayne Anderson Energy Infra | 0.82% | 141,072 | $2.0M | Reduce -0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 8,254 | $2.0M | Reduce -2.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.80% | 6,128 | $2.0M | No change |
| IGM iShares Expanded Tech Sector | 0.76% | 15,720 | $1.9M | No change |
| PFE Pfizer Inc. | 0.76% | 66,343 | $1.9M | Add +3.7% |
| META Meta Platforms Inc. Class A | 0.72% | 3,115 | $1.8M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.72% | 11,474 | $1.8M | Add +8.4% |
| NEN New England Realty Assoc-LP | 0.71% | 29,019 | $1.7M | No change |
| CWBC Community West Bancshares | 0.70% | 74,077 | $1.7M | No change |
| BANR Banner Corporation | 0.70% | 28,261 | $1.7M | No change |
| UNP Union Pacific Corp. | 0.64% | 6,519 | $1.6M | Add +0.7% |
| INBK First Internet Bancorp | 0.64% | 76,899 | $1.6M | No change |
| JNJ Johnson & Johnson | 0.64% | 6,405 | $1.6M | Reduce -1.5% |
| MCHB Mechanics Bancorp Class A | 0.62% | 103,285 | $1.5M | Add +0.1% |
| MCI Barings Corporate Investors | 0.59% | 83,984 | $1.4M | No change |
| GOLD Gold.com Inc. | 0.58% | 35,802 | $1.4M | Reduce -16.2% |
| AXR Amrep Corp. | 0.57% | 49,472 | $1.4M | Reduce -1.6% |
| INTU Intuit Inc. | 0.56% | 3,194 | $1.4M | Add +0.8% |
| NAII Natural Alternatives Intl | 0.53% | 498,792 | $1.3M | Add +8.0% |
| INTG Intergroup Corp. | 0.52% | 33,228 | $1.3M | No change |
| VZ Verizon Communications Inc. | 0.52% | 25,251 | $1.3M | Add +3.2% |
| HSY The Hershey Co. | 0.51% | 6,060 | $1.3M | Reduce -0.7% |
| CET Central Securities Corp. | 0.49% | 24,264 | $1.2M | Add +60.4% |
| WLY Wiley (john) & Sons Class A | 0.49% | 31,535 | $1.2M | Reduce -6.7% |
| USFR Wisdomtree Floating Rate Tre | 0.49% | 23,854 | $1.2M | Add +9.4% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.49% | 83,023 | $1.2M | Reduce -1.2% |
| HON Honeywell International Inc. | 0.46% | 5,052 | $1.1M | Add +0.1% |
| MRK Merck & Co. Inc. | 0.46% | 9,394 | $1.1M | Reduce -0.8% |
| ABBV Abbvie Inc. | 0.45% | 5,123 | $1.1M | Reduce -4.5% |
| ELSE Electro-Sensors Inc. | 0.45% | 250,161 | $1.1M | Add +0.0% |
| SMBK Smartfinancial Inc. | 0.45% | 28,431 | $1.1M | No change |
| T AT&T Inc. | 0.45% | 38,312 | $1.1M | Reduce -2.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.45% | 2,521 | $1.1M | Reduce -6.9% |
| MCD McDonald's Corp. | 0.45% | 3,534 | $1.1M | Reduce -2.1% |
| XLE SS Energy Select Sector | 0.45% | 17,881 | $1.1M | Reduce -5.0% |
| ARL American Realty Investors Inc. | 0.44% | 70,719 | $1.1M | Reduce -1.6% |
| GILD Gilead Sciences Inc. | 0.43% | 7,590 | $1.1M | Reduce -6.2% |
| NRIM Northrim Bancorp Inc. | 0.43% | 46,204 | $1.1M | No change |
| CP Canadian Pacific Kansas City | 0.42% | 13,250 | $1.0M | No change |
| WMT Walmart Inc. | 0.42% | 8,216 | $1.0M | Reduce -1.3% |
| HD Home Depot Inc. | 0.41% | 3,072 | $1.0M | Add +0.5% |
| BOND PIMCO Active Bond Exchange-T | 0.41% | 10,942 | $1.0M | Add +8.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 20,645 | $1.0M | Reduce -1.8% |
| ENB Enbridge Inc. | 0.40% | 18,326 | $992K | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 0.40% | 3,440 | $989K | Add +2.0% |
| LMT Lockheed Martin Corp. | 0.39% | 1,575 | $952K | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 0.39% | 3,312 | $950K | Reduce -0.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.38% | 7,943 | $942K | No change |
| WM Waste Management Inc. | 0.37% | 3,964 | $911K | Reduce -18.3% |
| ITIC Investors Title Co. | 0.36% | 4,065 | $883K | Reduce -3.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.36% | 4,479 | $879K | Add +1.0% |
| BSM Black Stone Minerals LP | 0.34% | 55,790 | $844K | No change |
| CSWC Capital Southwest Corp. | 0.33% | 37,018 | $819K | Reduce -2.8% |
| DUK Duke Energy Corp. | 0.33% | 6,131 | $803K | Reduce -0.1% |
| WELL Welltower Inc. | 0.32% | 4,014 | $794K | Add +10.7% |
| DLR Digital Realty Trust Inc. | 0.32% | 4,302 | $775K | Reduce -3.1% |
| OKE Oneok Inc. | 0.31% | 8,499 | $768K | Add +3.9% |
| BA The Boeing Co. | 0.31% | 3,814 | $759K | Add +0.1% |
| MPV Barings Participation Invest | 0.31% | 43,755 | $750K | No change |
| WMB Williams Cos Inc. | 0.30% | 10,296 | $749K | Reduce -3.8% |
| IMKTA Ingles Markets Inc. Class A | 0.30% | 8,120 | $730K | Reduce -1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 7,508 | $724K | Add +2.8% |
| VDE Vanguard Energy ETF | 0.29% | 4,156 | $719K | Reduce -0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.29% | 1 | $718K | No change |
| ONB Old National Bancorp | 0.29% | 32,012 | $707K | No change |
| TLT iShares 20+ Year Treasury BD | 0.29% | 8,103 | $702K | Reduce -22.3% |
| UPS United Parcel Service Class B | 0.29% | 7,127 | $701K | Add +5.1% |
| CLMT Calumet Inc. | 0.28% | 19,483 | $699K | No change |
| PG The Procter & Gamble Co. | 0.28% | 4,761 | $688K | Add +3.9% |
| DIT Amcon Distributing Co. | 0.28% | 7,506 | $684K | Add +50.0% |
| KO The Coca-Cola Co. | 0.27% | 8,661 | $659K | Reduce -5.3% |
| BRBS Blue Ridge Bankshares Inc. | 0.26% | 153,244 | $644K | Add +185.9% |
| AMZN Amazon.com Inc. | 0.26% | 3,069 | $639K | Add +8.9% |
| LDUR PIMCO Enhanced Low Duration | 0.25% | 6,363 | $610K | Add +11.7% |
| FBK FB Financial Corp. filed as FB FINL CORP | 0.25% | 11,675 | $606K | Reduce -4.2% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $64K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 2,600 | $63K | 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 | $63 | No change |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 1 | $4 | No change |
Total filed on the 13F, all lines: $245.9M.
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -4.0% | 4.81% | −0.78 |
| MSFT Microsoft Corp. | Reduce -0.4% | 1.10% | −0.40 |
| V Visa Inc. Class A | Reduce -1.7% | 1.59% | −0.37 |
| NICHOLAS FINL INC BC | Sold out | 0.00% | −0.27 |
| IBM Intl Business Machines Corp. | Reduce -2.0% | 0.81% | −0.24 |
| MSA Msa Safety Inc. | Reduce -8.9% | 1.95% | −0.23 |
| PPIH Perma-Pipe International Hol | Reduce -0.4% | 2.84% | −0.19 |
| JPM JPMorgan Chase & Co. | Reduce -2.5% | 1.08% | −0.18 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.72% | −0.15 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.13 |
| IVV iShares Core S&P 500 ETF | Reduce -0.5% | 1.28% | −0.13 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -6.9% | 0.45% | −0.11 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.7% | 1.24% | −0.10 |
| TLT iShares 20+ Year Treasury BD | Reduce -22.3% | 0.29% | −0.10 |
| AIV Apartment Invt & Mgmt Co. Class A | Reduce -0.9% | 0.17% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -6.2% | 0.85% | −0.09 |
| ITIC Investors Title Co. | Reduce -3.6% | 0.36% | −0.09 |
| WM Waste Management Inc. | Reduce -18.3% | 0.37% | −0.08 |
| BAC Bank of America Corp. | Reduce -1.8% | 0.41% | −0.08 |
| UMH Umh Properties Inc. | Reduce -1.2% | 0.49% | −0.08 |
| FSUN Firstsun Capital Bancorp | Reduce -0.6% | 0.86% | −0.07 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -35.6% | 0.11% | −0.07 |
| ABBV Abbvie Inc. | Reduce -4.5% | 0.45% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 0.39% | −0.06 |
| AVGO Broadcom Inc. | Reduce -15.5% | 0.13% | −0.05 |
| DG Dollar General Corp. | Reduce -14.3% | 0.13% | −0.05 |
| ARL American Realty Investors Inc. | Reduce -1.6% | 0.44% | −0.04 |
| NVDA Nvidia Corp. | Reduce -8.7% | 0.19% | −0.04 |
| FBK FB Financial Corp. | Reduce -4.2% | 0.25% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -3.2% | 0.15% | −0.04 |
| WDAY Workday Inc. Class A | Reduce -4.2% | 0.04% | −0.03 |
| GOLD Gold.com Inc. | Reduce -16.2% | 0.58% | −0.03 |
| MMM 3M Co. | Reduce -2.0% | 0.19% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -4.5% | 0.13% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -4.8% | 0.19% | −0.03 |
| JPST JPMorgan Ultra-Short Income | Reduce -10.5% | 0.17% | −0.03 |
| GE General Electric | Reduce -2.2% | 0.16% | −0.03 |
| CSWC Capital Southwest Corp. | Reduce -2.8% | 0.33% | −0.02 |
| F Ford Motor Co. | Reduce -7.2% | 0.09% | −0.02 |
| MCD McDonald's Corp. | Reduce -2.1% | 0.45% | −0.02 |
| USB US Bancorp | Reduce -1.6% | 0.24% | −0.02 |
| NUE Nucor Corp. | Reduce -13.5% | 0.10% | −0.02 |
| CNOB Connectone Bancorp Inc. | Reduce -31.0% | 0.03% | −0.02 |
| TRV The Travelers Cos Inc. | Reduce -7.0% | 0.14% | −0.02 |
| KTOS Kratos Defense & Security | Reduce -1.3% | 0.11% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.3% | 0.15% | −0.02 |
| GEV GE Vernova Inc. | Reduce -30.3% | 0.13% | −0.02 |
| CVS CVS Health Corp. | Reduce -7.2% | 0.06% | −0.01 |
| BLK BlackRock Inc. | Reduce -3.5% | 0.06% | −0.01 |
| AFL Aflac Inc. | Reduce -11.0% | 0.07% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| KNTK Kinetik Holdings Inc. | Add +61.9% | 2.33% | +1.22 |
| SGOV iShares 0-3 Month Treasury B | Add +54.7% | 1.80% | +0.59 |
| EMBJ Embraer SA-Spon ADR | New | 0.23% | +0.23 |
| BANX Arrowmark Financial Corp. | Add +3607.5% | 0.20% | +0.19 |
| SSBI Summit State Bank | Add +0.1% | 1.89% | +0.18 |
| CET Central Securities Corp. | Add +60.4% | 0.49% | +0.16 |
| BRBS Blue Ridge Bankshares Inc. | Add +185.9% | 0.26% | +0.16 |
| VZ Verizon Communications Inc. | Add +3.2% | 0.52% | +0.09 |
| DOW Dow Inc. | Add +9.3% | 0.18% | +0.08 |
| PFE Pfizer Inc. | Add +3.7% | 0.76% | +0.08 |
| PEP Pepsico Inc. | Add +8.4% | 0.72% | +0.08 |
| CCI Crown Castle Inc. | Add +70.4% | 0.21% | +0.07 |
| MCBS Metrocity Bankshares Inc. | New | 0.07% | +0.07 |
| FSSL FS Specialty Lending Fund | New | 0.06% | +0.06 |
| OKE Oneok Inc. | Add +3.9% | 0.31% | +0.06 |
| DIT Amcon Distributing Co. | Add +50.0% | 0.28% | +0.06 |
| MO Altria Group Inc. | Add +27.2% | 0.19% | +0.05 |
| HON Honeywell International Inc. | Add +0.1% | 0.46% | +0.05 |
| DHS Wisdomtree US High Dividend | Add +33.4% | 0.17% | +0.04 |
| OMC Omnicom Group | Add +1966.2% | 0.05% | +0.04 |
| GLW Corning Inc. | Add +9.7% | 0.11% | +0.04 |
| FCNCA First Citizens Bcshs Class A | Add +550.0% | 0.05% | +0.04 |
| BARK Bark Inc. | New | 0.04% | +0.04 |
| WELL Welltower Inc. | Add +10.7% | 0.32% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +153.3% | 0.07% | +0.03 |
| ENB Enbridge Inc. | Add +0.0% | 0.40% | +0.03 |
| ICOW Pacer Developed Markets Inte | Add +33.4% | 0.11% | +0.03 |
| SLB SLB Ltd. | Add +0.3% | 0.13% | +0.03 |
| EUSA iShares MSCI USA Equal Weigh | Add +258.6% | 0.04% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +11.6% | 0.16% | +0.03 |
| CLX Clorox Company | Add +14.8% | 0.21% | +0.02 |
| USFR Wisdomtree Floating Rate Tre | Add +9.4% | 0.49% | +0.02 |
| U Unity Software Inc. | New | 0.02% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +5.5% | 0.17% | +0.02 |
| SBUX Starbucks Corp. | Add +7.3% | 0.23% | +0.02 |
| LYB Lyondellbasell Indu Class A | Add +54.8% | 0.03% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +17.9% | 0.13% | +0.02 |
| HRL Hormel Foods Corp. | Add +102.7% | 0.04% | +0.02 |
| KMB Kimberly-Clark Corp. | Add +23.6% | 0.15% | +0.02 |
| ED Consolidated Edison Inc. | Add +0.8% | 0.18% | +0.02 |
| LDUR PIMCO Enhanced Low Duration | Add +11.7% | 0.25% | +0.02 |
| BCE Bce Inc. | Add +16.5% | 0.10% | +0.02 |
| EXK Endeavour Silver Corp. | Add +76.9% | 0.04% | +0.02 |
| PAA Plains All Amer Pipeline LP | Add +1.7% | 0.09% | +0.02 |
| EPD Enterprise Products Partners | Add +0.9% | 0.12% | +0.01 |
| SIL Global X Silver Miners ETF | New | 0.01% | +0.01 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +48.2% | 0.05% | +0.01 |
| SILJ Amplify Junior Silver Miners | New | 0.01% | +0.01 |
| BOND PIMCO Active Bond Exchange-T | Add +8.8% | 0.41% | +0.01 |
| CAG Conagra Brands Inc. | Add +63.1% | 0.04% | +0.01 |
Notes & Other Activity Q4 2025 → Q1 2026
| IFN Aberdeen India Fund Inc. | COM | Reduce -100.0% | 0 | $0 |
| RGTI Rigetti Computing Inc. | COMMON STOCK | 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 |