Sippican Capital Advisors

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Sippican Capital Advisors reported 113 stock positions worth $126.4 million. Its top holding was Bancorp (TBBK) at 4.7% of the portfolio, followed by NVR (NVR, 3.1%) and Exxon Mobil (XOM, 2.7%). Compared with Q1 2024, it opened 6 new positions, sold out of 9, added to 28 and reduced 39. The biggest buy was Exxon Mobil (XOM, shares +111%) and the biggest sale an exit from Pioneer Natural Resources (PXD).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001557406
Portfolio Value
$126.4M (Q2 2024)
SEC Filing
0001398344-24-013888 ↗ filed Aug 6, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $128.6M Q1 2024 Q2 2024: $126.4M $126.4M Q2 2024 Q3 2024: $143.3M Q3 2024 Q4 2024: $137.3M Q4 2024 Q1 2025: $132.7M Q1 2025 Q2 2025: $137.7M Q2 2025 Q3 2025: $151.3M Q3 2025 Q4 2025: $155.6M Q4 2025 Q1 2026: $146.1M Q1 2026 Q2 2026: $163.9M Q2 2026

Holdings 113 stocks · $126.4M
TBBK The Bancorp Inc. 4.73% 158,206 $6.0M Reduce -0.1%
NVR NVR Inc. 3.09% 514 $3.9M Reduce -0.6%
XOM Exxon Mobil Corp. 2.69% 29,548 $3.4M Add +110.8%
TFIN Triumph Financial Inc. 2.54% 39,230 $3.2M Add +3.1%
LLY Eli Lilly & Co. 2.49% 3,469 $3.1M Reduce -3.3%
CVX Chevron Corp. 2.41% 19,471 $3.0M Reduce -0.0%
FXAIX Fidelity 500 Index Fund 2.12% 14,109 $2.7M Reduce -19.3%
GE General Electric filed as GE AEROSPACE 2.10% 16,724 $2.7M Reduce -0.1%
ABBV Abbvie Inc. 2.10% 15,460 $2.7M Reduce -2.7%
LEN Lennar Corp. Class A 2.06% 17,396 $2.6M Reduce -0.3%
MRK Merck & Co. Inc. 2.03% 20,678 $2.6M Reduce -0.0%
PFE Pfizer Inc. 1.96% 88,299 $2.5M Add +6.7%
C Citigroup Inc. 1.92% 38,234 $2.4M Reduce -1.4%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.89% 26,687 $2.4M No change
FANG Diamondback Energy Inc. 1.87% 11,800 $2.4M Reduce -0.5%
MMM 3M Co. 1.84% 22,800 $2.3M Add +8.3%
MGM MGM Resorts International 1.78% 50,568 $2.2M Add +0.9%
BMY Bristol-Myers Squibb Co. 1.78% 54,012 $2.2M Add +28.1%
COLB Columbia Banking System Inc. 1.74% 110,620 $2.2M Add +27.3%
VBTX Veritex Holdings Inc. 1.65% 98,830 $2.1M Add +3.2%
BRK.B Berkshire Hathaway Inc. Class B 1.63% 5,069 $2.1M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 1.59% 17,437 $2.0M Reduce -0.2%
GOOG Alphabet Inc. Class C 1.55% 10,660 $2.0M No change
RTX RTX Corp. 1.38% 17,418 $1.7M Add +0.0%
CTRA Coterra Energy Inc. 1.33% 63,185 $1.7M Add +0.1%
EOG EOG Resources Inc. 1.29% 12,918 $1.6M Reduce -0.1%
OMF Onemain Holdings Inc. 1.26% 32,929 $1.6M Reduce -1.2%
AAPL Apple Inc. 1.24% 7,436 $1.6M No change
DVA Davita Inc. 1.21% 10,994 $1.5M Reduce -1.2%
ALRS Alerus Financial Corp. 1.19% 76,860 $1.5M Add +14.1%
MOFG Midwestone Financial Group I 1.16% 65,133 $1.5M Add +57.2%
BANC Banc of California Inc. 1.14% 113,135 $1.4M Add +1.5%
JPM JPMorgan Chase & Co. 1.12% 6,988 $1.4M Reduce -0.4%
WAL Western Alliance Bancorp 1.10% 22,140 $1.4M No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 1.03% 17,501 $1.3M Add +28.0%
GEHC GE Healthcare Technology 1.02% 16,596 $1.3M Reduce -1.8%
CASH Pathward Financial Inc. 1.00% 22,290 $1.3M No change
LMT Lockheed Martin Corp. 0.96% 2,610 $1.2M Reduce -0.1%
S&P Dow Jones Index Call Optio 0.96% 8 $1.2M No change
DKNG Draftkings Inc. Class A 0.96% 31,619 $1.2M Reduce -1.6%
BA The Boeing Co. 0.93% 6,426 $1.2M Add +10.3%
KMI Kinder Morgan Inc. 0.92% 58,445 $1.2M Reduce -0.2%
COP Conocophillips 0.87% 9,564 $1.1M Reduce -46.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.84% 26,805 $1.1M Add +1.5%
LKFN Lakeland Financial Corp. 0.76% 15,601 $960K Add +364.0%
JNJ Johnson & Johnson 0.75% 6,476 $947K Add +0.4%
BWB Bridgewater Bancshares Inc. 0.75% 81,135 $942K Add +31.0%
BX Blackstone Inc. 0.73% 7,414 $918K No change
CB Chubb Ltd. 0.72% 3,575 $912K Reduce -0.6%
QCRH QCR Holdings Inc. 0.72% 15,165 $910K Add +2.7%
VFC VF Corp. 0.72% 67,352 $909K Add +115.0%
APLS Apellis Pharmaceuticals Inc. 0.70% 23,178 $889K Add +45.5%
GIS General Mills Inc. 0.70% 13,887 $878K Reduce -0.0%
DE Deere & Co. 0.69% 2,340 $874K No change
CAT Caterpillar Inc. 0.66% 2,500 $833K No change
ORCL Oracle Corp. 0.66% 5,878 $830K No change
GD General Dynamics Corp. 0.64% 2,782 $807K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.60% 7,683 $763K Reduce -4.7%
SM SM Energy Co. 0.58% 16,925 $732K Reduce -0.6%
GEV GE Vernova Inc. 0.57% 4,167 $715K Reduce -0.4%
SYBT Stock Yards Bancorp Inc. 0.56% 14,233 $707K New
CL Colgate-Palmolive Co. 0.56% 7,235 $702K Reduce -1.0%
MSFT Microsoft Corp. 0.54% 1,538 $687K No change
CATC Cambridge Bancorp 0.53% 9,754 $673K No change
HON Honeywell International Inc. 0.53% 3,133 $669K Reduce -0.7%
PNFP Pinnacle Financial Partners 0.53% 8,335 $667K Add +10.0%
PEP Pepsico Inc. 0.51% 3,912 $645K Reduce -0.0%
BF.B Brown-Forman Corp. Class B 0.51% 14,919 $644K Reduce -0.0%
ENB Enbridge Inc. 0.50% 17,701 $630K No change
MS Morgan Stanley 0.49% 6,429 $625K No change
BANR Banner Corporation 0.49% 12,487 $620K No change
AXP American Express Co. 0.47% 2,559 $593K No change
SBLK Star Bulk Carriers Corp. 0.47% 24,196 $590K Add +102.1%
PAA Plains All Amer Pipeline LP 0.46% 32,585 $582K No change
HD Home Depot Inc. 0.45% 1,662 $572K No change
EPD Enterprise Products Partners 0.45% 19,555 $567K No change
CUBI Customers Bancorp Inc. 0.42% 11,069 $531K New
EQBK Equity Bancshares Inc. Class A 0.40% 14,205 $500K New
WFC Wells Fargo & Co. 0.39% 8,293 $493K No change
BF.A Brown-Forman Corp. Class A 0.37% 10,614 $468K No change
DOC Healthpeak Properties Inc. 0.35% 22,731 $446K Reduce -37.8%
GT Goodyear Tire & Rubber Co. 0.33% 37,045 $420K Reduce -64.4%
V Visa Inc. Class A 0.33% 1,587 $417K No change
MVBF MVB Financial Corp. 0.32% 21,380 $399K Add +54.8%
ABT Abbott Laboratories 0.30% 3,690 $383K Reduce -8.1%
KO The Coca-Cola Co. 0.27% 5,399 $344K No change
VMC Vulcan Materials Co. 0.27% 1,370 $341K No change
HSY The Hershey Co. 0.27% 1,850 $340K No change
SEM Select Medical Holdings Corp. 0.26% 9,505 $333K Add +25.7%
SOLV Solventum Corp. 0.26% 6,159 $326K Add +17.1%
OGN Organon & Co. 0.24% 14,603 $302K Add +5.2%
PG The Procter & Gamble Co. 0.24% 1,827 $301K No change
MCB Metropolitan Bank Holding Co. 0.23% 6,924 $291K New
SNV Synovus Financial Corp. 0.23% 7,135 $287K Reduce -0.9%
AMZN Amazon.com Inc. 0.21% 1,380 $267K No change
UNP Union Pacific Corp. 0.21% 1,175 $266K No change
CET Central Securities Corp. 0.21% 6,000 $264K No change
TTE Totalenergies SE -Spon ADR 0.20% 3,848 $257K No change
OKE Oneok Inc. 0.20% 3,078 $251K Reduce -0.1%
WY Weyerhaeuser Co. 0.20% 8,828 $251K Reduce -61.2%
CINF Cincinnati Financial Corp. 0.19% 2,070 $244K No change
TRV The Travelers Cos Inc. 0.19% 1,161 $236K Reduce -0.9%
DHR Danaher Corp. 0.19% 941 $235K No change
ADBE Adobe Inc. 0.18% 420 $233K No change
ZION Zions Bancorp NA 0.18% 5,300 $230K No change
ITW Illinois Tool Works 0.18% 950 $225K No change
TXT Textron Inc. 0.17% 2,500 $215K No change
GOOGL Alphabet Inc. Class A 0.17% 1,175 $214K New
VTRS Viatris Inc. 0.15% 18,053 $192K Reduce -75.8%
ERNEXA THERAPEUTICS INC filed as ETERNA THERAPEUTICS INC 0.11% 72,800 $133K No change
WULF Terawulf Inc. 0.07% 20,700 $92K New
FACO First Acceptance Corp. 0.03% 10,250 $39K Reduce -38.8%
WTI W&T Offshore Inc. 0.02% 13,600 $29K No change

Portfolio Sells Q1 2024 → Q2 2024
PXD Pioneer Natural Resources Co. Sold out 0.00% −1.37
COP Conocophillips Reduce -46.1% 0.87% −0.89
S&P 500 Index Call Option 06/2 Sold out 0.00% −0.81
GT Goodyear Tire & Rubber Co. Reduce -64.4% 0.33% −0.78
HTLF Heartland Financial USA Inc. Sold out 0.00% −0.70
CSCO Cisco Systems Inc. Sold out 0.00% −0.57
VTRS Viatris Inc. Reduce -75.8% 0.15% −0.54
WY Weyerhaeuser Co. Reduce -61.2% 0.20% −0.44
FXAIX Fidelity 500 Index Fund Reduce -19.3% 2.12% −0.36
LEN Lennar Corp. Class A Reduce -0.3% 2.06% −0.27
EAGLE BULK SHIPPING INC Sold out 0.00% −0.25
GILD Gilead Sciences Inc. Sold out 0.00% −0.22
GE General Electric Reduce -0.1% 2.10% −0.18
DOC Healthpeak Properties Inc. Reduce -37.8% 0.35% −0.18
DKNG Draftkings Inc. Class A Reduce -1.6% 0.96% −0.18
GEHC GE Healthcare Technology Reduce -1.8% 1.02% −0.17
NVR NVR Inc. Reduce -0.6% 3.09% −0.17
TMHC Taylor Morrison Home Corp. Sold out 0.00% −0.17
DIS The Walt Disney Co. Reduce -4.7% 0.60% −0.16
BOH Bank of Hawaii Corp. Sold out 0.00% −0.16
ABBV Abbvie Inc. Reduce -2.7% 2.10% −0.15
MRK Merck & Co. Inc. Reduce -0.0% 2.03% −0.10
BF.B Brown-Forman Corp. Class B Reduce -0.0% 0.51% −0.09
SM SM Energy Co. Reduce -0.6% 0.58% −0.08
TROW T Rowe Price Group Inc. Reduce -0.2% 1.59% −0.06
OMF Onemain Holdings Inc. Reduce -1.2% 1.26% −0.06
GIS General Mills Inc. Reduce -0.0% 0.70% −0.06
ABT Abbott Laboratories Reduce -8.1% 0.30% −0.05
EVGO Evgo Inc. Sold out 0.00% −0.02
TRV The Travelers Cos Inc. Reduce -0.9% 0.19% −0.02
PEP Pepsico Inc. Reduce -0.0% 0.51% −0.02
CB Chubb Ltd. Reduce -0.6% 0.72% −0.00
FACO First Acceptance Corp. Reduce -38.8% 0.03% −0.00
EOG EOG Resources Inc. Reduce -0.1% 1.29% +0.00
SNV Synovus Financial Corp. Reduce -0.9% 0.23% +0.00
OKE Oneok Inc. Reduce -0.1% 0.20% +0.01
GEV GE Vernova Inc. Reduce -0.4% 0.57% +0.01
DVA Davita Inc. Reduce -1.2% 1.21% +0.01
C Citigroup Inc. Reduce -1.4% 1.92% +0.01
CVX Chevron Corp. Reduce -0.0% 2.41% +0.02
JPM JPMorgan Chase & Co. Reduce -0.4% 1.12% +0.03
HON Honeywell International Inc. Reduce -0.7% 0.53% +0.03
LMT Lockheed Martin Corp. Reduce -0.1% 0.96% +0.04
FANG Diamondback Energy Inc. Reduce -0.5% 1.87% +0.04
CL Colgate-Palmolive Co. Reduce -1.0% 0.56% +0.04
KMI Kinder Morgan Inc. Reduce -0.2% 0.92% +0.08
LLY Eli Lilly & Co. Reduce -3.3% 2.49% +0.32
TBBK The Bancorp Inc. Reduce -0.1% 4.73% +0.60

Portfolio Buys Q1 2024 → Q2 2024
XOM Exxon Mobil Corp. Add +110.8% 2.69% +1.42
LKFN Lakeland Financial Corp. Add +364.0% 0.76% +0.59
SYBT Stock Yards Bancorp Inc. New 0.56% +0.56
COLB Columbia Banking System Inc. Add +27.3% 1.74% +0.43
CUBI Customers Bancorp Inc. New 0.42% +0.42
MOFG Midwestone Financial Group I Add +57.2% 1.16% +0.40
EQBK Equity Bancshares Inc. Class A New 0.40% +0.40
VFC VF Corp. Add +115.0% 0.72% +0.35
SBLK Star Bulk Carriers Corp. Add +102.1% 0.47% +0.24
MCB Metropolitan Bank Holding Co. New 0.23% +0.23
TFIN Triumph Financial Inc. Add +3.1% 2.54% +0.19
BWB Bridgewater Bancshares Inc. Add +31.0% 0.75% +0.18
GOOGL Alphabet Inc. Class A New 0.17% +0.17
PFE Pfizer Inc. Add +6.7% 1.96% +0.17
CF CF Industries Holdings Inc. Add +28.0% 1.03% +0.14
VBTX Veritex Holdings Inc. Add +3.2% 1.65% +0.12
MMM 3M Co. Add +8.3% 1.84% +0.11
SEM Select Medical Holdings Corp. Add +25.7% 0.26% +0.09
MVBF MVB Financial Corp. Add +54.8% 0.32% +0.08
WULF Terawulf Inc. New 0.07% +0.07
BAC Bank of America Corp. Add +1.5% 0.84% +0.07
RTX RTX Corp. Add +0.0% 1.38% +0.06
BA The Boeing Co. Add +10.3% 0.93% +0.05
ALRS Alerus Financial Corp. Add +14.1% 1.19% +0.05
SOLV Solventum Corp. Add +17.1% 0.26% +0.04
OGN Organon & Co. Add +5.2% 0.24% +0.04
QCRH QCR Holdings Inc. Add +2.7% 0.72% +0.02
PNFP Pinnacle Financial Partners Add +10.0% 0.53% +0.02
BMY Bristol-Myers Squibb Co. Add +28.1% 1.78% −0.00
APLS Apellis Pharmaceuticals Inc. Add +45.5% 0.70% −0.02
CTRA Coterra Energy Inc. Add +0.1% 1.33% −0.03
JNJ Johnson & Johnson Add +0.4% 0.75% −0.04
MGM MGM Resorts International Add +0.9% 1.78% −0.06
BANC Banc of California Inc. Add +1.5% 1.14% −0.17

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 111$163.9MTBBK, GE, TFIN, GOOG, BMY
Q1 2026 107$146.1MTBBK, GE, TFIN, XOM, BMY
Q4 2025 113$155.6MTBBK, GE, TFIN, BOXX, NVR
Q3 2025 114$151.3MTBBK, GE, NVR, TFIN, XOM
Q2 2025 112$137.7MTBBK, GE, NVR, XOM, TFIN
Q1 2025 109$132.7MTBBK, NVR, XOM, BMY, GE
Q4 2024 112$137.3MTBBK, NVR, TFIN, FXAIX, XOM
Q3 2024 113$143.3MTBBK, NVR, BOXX, XOM, LEN
Q2 2024 113$126.4MTBBK, NVR, XOM, TFIN, LLY
Q1 2024 114$128.6MTBBK, NVR, FXAIX, CVX, TFIN