Sippican Capital Advisors

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), Sippican Capital Advisors reported 113 stock positions worth $143.3 million. Its top holding was Bancorp (TBBK) at 5.9% of the portfolio, followed by NVR (NVR, 3.5%) and Alpha Architect 1-3 MNTH Box (BOXX, 2.6%). Compared with Q2 2024, it opened 8 new positions, sold out of 8, added to 33 and reduced 34. The biggest buy was a new position in Alpha Architect 1-3 MNTH Box (BOXX) and the biggest sale an exit from S&P Dow Jones Index Call Optio.

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001557406
Portfolio Value
$143.3M (Q3 2024)
SEC Filing
0001398344-24-019481 ↗ filed Oct 28, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $128.6M Q1 2024 Q2 2024: $126.4M Q2 2024 Q3 2024: $143.3M $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 · $143.3M
TBBK The Bancorp Inc. 5.88% 157,476 $8.4M Reduce -0.5%
NVR NVR Inc. 3.52% 514 $5.0M No change
BOXX Alpha Architect 1-3 MNTH Box 2.63% 34,609 $3.8M New
XOM Exxon Mobil Corp. 2.44% 29,837 $3.5M Add +1.0%
LEN Lennar Corp. Class A 2.27% 17,381 $3.3M Reduce -0.1%
TFIN Triumph Financial Inc. 2.22% 39,948 $3.2M Add +1.8%
GE General Electric filed as GE AEROSPACE 2.21% 16,812 $3.2M Add +0.5%
FXAIX Fidelity 500 Index Fund 2.18% 15,584 $3.1M Add +10.4%
LLY Eli Lilly & Co. 2.13% 3,444 $3.1M Reduce -0.7%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 2.06% 24,817 $2.9M Reduce -7.0%
BMY Bristol-Myers Squibb Co. 2.05% 56,679 $2.9M Add +4.9%
ABBV Abbvie Inc. 2.04% 14,790 $2.9M Reduce -4.3%
COLB Columbia Banking System Inc. 2.02% 111,172 $2.9M Add +0.5%
MMM 3M Co. 2.02% 21,186 $2.9M Reduce -7.1%
CVX Chevron Corp. 2.00% 19,511 $2.9M Add +0.2%
VBTX Veritex Holdings Inc. 1.82% 99,230 $2.6M Add +0.4%
PFE Pfizer Inc. 1.78% 88,326 $2.6M Add +0.0%
C Citigroup Inc. 1.67% 38,154 $2.4M Reduce -0.2%
MRK Merck & Co. Inc. 1.64% 20,668 $2.3M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 1.63% 5,074 $2.3M Add +0.1%
RTX RTX Corp. 1.49% 17,573 $2.1M Add +0.9%
FANG Diamondback Energy Inc. 1.42% 11,800 $2.0M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 1.42% 18,657 $2.0M Add +7.0%
MGM MGM Resorts International 1.40% 51,487 $2.0M Add +1.8%
VFC VF Corp. 1.40% 100,402 $2.0M Add +49.1%
WAL Western Alliance Bancorp 1.34% 22,140 $1.9M No change
MOFG Midwestone Financial Group I 1.32% 66,338 $1.9M Add +1.9%
ALRS Alerus Financial Corp. 1.29% 80,525 $1.8M Add +4.8%
BANC Banc of California Inc. 1.25% 121,610 $1.8M Add +7.5%
GOOG Alphabet Inc. Class C 1.24% 10,670 $1.8M Add +0.1%
AAPL Apple Inc. 1.21% 7,436 $1.7M No change
DVA Davita Inc. 1.20% 10,465 $1.7M Reduce -4.8%
GEHC GE Healthcare Technology 1.09% 16,596 $1.6M No change
OMF Onemain Holdings Inc. 1.07% 32,579 $1.5M Reduce -1.1%
CTRA Coterra Energy Inc. 1.07% 64,019 $1.5M Add +1.3%
LMT Lockheed Martin Corp. 1.06% 2,610 $1.5M No change
EOG EOG Resources Inc. 1.05% 12,228 $1.5M Reduce -5.3%
JPM JPMorgan Chase & Co. 1.03% 6,984 $1.5M Reduce -0.1%
CASH Pathward Financial Inc. 1.02% 22,170 $1.5M Reduce -0.5%
KMI Kinder Morgan Inc. 0.90% 58,145 $1.3M Reduce -0.5%
DKNG Draftkings Inc. Class A 0.86% 31,539 $1.2M Reduce -0.3%
CUBI Customers Bancorp Inc. 0.86% 26,579 $1.2M Add +140.1%
LKFN Lakeland Financial Corp. 0.86% 18,931 $1.2M Add +21.3%
BWB Bridgewater Bancshares Inc. 0.85% 85,510 $1.2M Add +5.4%
BA The Boeing Co. 0.80% 7,557 $1.1M Add +17.6%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.80% 13,306 $1.1M Reduce -24.0%
QCRH QCR Holdings Inc. 0.78% 15,155 $1.1M Reduce -0.1%
BX Blackstone Inc. 0.78% 7,299 $1.1M Reduce -1.6%
SYBT Stock Yards Bancorp Inc. 0.75% 17,354 $1.1M Add +21.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.72% 26,150 $1.0M Reduce -2.4%
CB Chubb Ltd. 0.72% 3,575 $1.0M No change
GIS General Mills Inc. 0.72% 13,887 $1.0M No change
ORCL Oracle Corp. 0.70% 5,878 $1.0M No change
CAT Caterpillar Inc. 0.68% 2,500 $978K No change
DE Deere & Co. 0.68% 2,340 $977K No change
PNFP Pinnacle Financial Partners 0.63% 9,215 $903K Add +10.6%
APLS Apellis Pharmaceuticals Inc. 0.61% 30,313 $874K Add +30.8%
GD General Dynamics Corp. 0.59% 2,782 $841K No change
BANR Banner Corporation 0.52% 12,487 $744K No change
EBC Eastern Bankshares Inc. 0.52% 45,364 $744K New
CL Colgate-Palmolive Co. 0.52% 7,135 $741K Reduce -1.4%
BF.B Brown-Forman Corp. Class B 0.51% 14,919 $734K No change
EQBK Equity Bancshares Inc. Class A 0.50% 17,667 $722K Add +24.4%
ENB Enbridge Inc. 0.50% 17,701 $719K No change
AXP American Express Co. 0.48% 2,559 $694K No change
MCB Metropolitan Bank Holding Co. 0.48% 12,954 $681K Add +87.1%
SM SM Energy Co. 0.47% 16,900 $675K Reduce -0.1%
HD Home Depot Inc. 0.47% 1,662 $673K No change
PEP Pepsico Inc. 0.46% 3,912 $665K No change
MSFT Microsoft Corp. 0.46% 1,538 $662K No change
JNJ Johnson & Johnson 0.46% 4,076 $661K Reduce -37.1%
MS Morgan Stanley 0.44% 6,050 $631K Reduce -5.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.42% 6,314 $607K Reduce -17.8%
COP Conocophillips 0.40% 5,428 $571K Reduce -43.3%
EPD Enterprise Products Partners 0.40% 19,630 $571K Add +0.4%
PAA Plains All Amer Pipeline LP 0.39% 32,585 $566K No change
SBLK Star Bulk Carriers Corp. 0.37% 22,372 $530K Reduce -7.5%
GEV GE Vernova Inc. 0.36% 2,038 $520K Reduce -51.1%
BF.A Brown-Forman Corp. Class A 0.36% 10,614 $510K No change
HON Honeywell International Inc. 0.33% 2,296 $475K Reduce -26.7%
WFC Wells Fargo & Co. 0.33% 8,293 $468K No change
MVBF MVB Financial Corp. 0.32% 23,820 $461K Add +11.4%
V Visa Inc. Class A 0.30% 1,587 $436K No change
SEM Select Medical Holdings Corp. 0.30% 12,442 $434K Add +30.9%
ABT Abbott Laboratories 0.29% 3,590 $409K Reduce -2.7%
KO The Coca-Cola Co. 0.27% 5,399 $388K No change
HSY The Hershey Co. 0.25% 1,850 $355K No change
VMC Vulcan Materials Co. 0.24% 1,370 $343K No change
DOC Healthpeak Properties Inc. 0.24% 14,736 $337K Reduce -35.2%
PG The Procter & Gamble Co. 0.22% 1,827 $316K No change
OGN Organon & Co. 0.20% 15,230 $291K Add +4.3%
UNP Union Pacific Corp. 0.20% 1,175 $290K No change
CINF Cincinnati Financial Corp. 0.20% 2,070 $282K No change
OKE Oneok Inc. 0.20% 3,078 $280K No change
CET Central Securities Corp. 0.19% 6,000 $275K No change
MYFW First Western Financial Inc. 0.19% 13,600 $272K New
TRV The Travelers Cos Inc. 0.19% 1,161 $272K No change
DHR Danaher Corp. 0.18% 941 $262K No change
AMZN Amazon.com Inc. 0.18% 1,380 $257K No change
ITW Illinois Tool Works 0.17% 950 $249K No change
TTE Totalenergies SE -Spon ADR 0.17% 3,848 $249K No change
ZION Zions Bancorp NA 0.17% 5,250 $248K Reduce -0.9%
TMHC Taylor Morrison Home Corp. 0.17% 3,500 $246K New
SNV Synovus Financial Corp. 0.16% 5,072 $226K Reduce -28.9%
TSLA Tesla Inc. 0.16% 854 $223K New
USB US Bancorp 0.15% 4,857 $222K New
TXT Textron Inc. 0.15% 2,500 $221K No change
ADBE Adobe Inc. 0.15% 420 $217K No change
VTRS Viatris Inc. 0.12% 14,503 $168K Reduce -19.7%
WULF Terawulf Inc. 0.09% 27,150 $127K Add +31.2%
IREN Iren Ltd. filed as IRIS ENERGY LTD 0.07% 11,100 $94K New
CIFR Cipher Digital Inc. 0.05% 18,600 $72K New
ERNEXA THERAPEUTICS INC filed as ETERNA THERAPEUTICS INC 0.05% 68,504 $72K Reduce -5.9%

Portfolio Sells Q2 2024 → Q3 2024
S&P Dow Jones Index Call Optio Sold out 0.00% −0.96
CATC Cambridge Bancorp Sold out 0.00% −0.53
COP Conocophillips Reduce -43.3% 0.40% −0.47
MRK Merck & Co. Inc. Reduce -0.1% 1.64% −0.39
LLY Eli Lilly & Co. Reduce -0.7% 2.13% −0.36
GT Goodyear Tire & Rubber Co. Sold out 0.00% −0.33
JNJ Johnson & Johnson Reduce -37.1% 0.46% −0.29
SOLV Solventum Corp. Sold out 0.00% −0.26
C Citigroup Inc. Reduce -0.2% 1.67% −0.25
EOG EOG Resources Inc. Reduce -5.3% 1.05% −0.24
CF CF Industries Holdings Inc. Reduce -24.0% 0.80% −0.23
GEV GE Vernova Inc. Reduce -51.1% 0.36% −0.20
HON Honeywell International Inc. Reduce -26.7% 0.33% −0.20
WY Weyerhaeuser Co. Sold out 0.00% −0.20
OMF Onemain Holdings Inc. Reduce -1.1% 1.07% −0.19
DIS The Walt Disney Co. Reduce -17.8% 0.42% −0.18
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.17
BAC Bank of America Corp. Reduce -2.4% 0.72% −0.12
DOC Healthpeak Properties Inc. Reduce -35.2% 0.24% −0.12
SM SM Energy Co. Reduce -0.1% 0.47% −0.11
SBLK Star Bulk Carriers Corp. Reduce -7.5% 0.37% −0.10
DKNG Draftkings Inc. Class A Reduce -0.3% 0.86% −0.09
JPM JPMorgan Chase & Co. Reduce -0.1% 1.03% −0.09
SNV Synovus Financial Corp. Reduce -28.9% 0.16% −0.07
ABBV Abbvie Inc. Reduce -4.3% 2.04% −0.06
ERNEXA THERAPEUTICS INC Reduce -5.9% 0.05% −0.06
MS Morgan Stanley Reduce -5.9% 0.44% −0.05
CL Colgate-Palmolive Co. Reduce -1.4% 0.52% −0.04
VTRS Viatris Inc. Reduce -19.7% 0.12% −0.03
FACO First Acceptance Corp. Sold out 0.00% −0.03
KMI Kinder Morgan Inc. Reduce -0.5% 0.90% −0.02
WTI W&T Offshore Inc. Sold out 0.00% −0.02
ABT Abbott Laboratories Reduce -2.7% 0.29% −0.02
ZION Zions Bancorp NA Reduce -0.9% 0.17% −0.01
DVA Davita Inc. Reduce -4.8% 1.20% −0.01
CASH Pathward Financial Inc. Reduce -0.5% 1.02% +0.02
BX Blackstone Inc. Reduce -1.6% 0.78% +0.05
QCRH QCR Holdings Inc. Reduce -0.1% 0.78% +0.06
IRM Iron Mountain Inc. Reduce -7.0% 2.06% +0.16
MMM 3M Co. Reduce -7.1% 2.02% +0.18
LEN Lennar Corp. Class A Reduce -0.1% 2.27% +0.21
TBBK The Bancorp Inc. Reduce -0.5% 5.88% +1.15

Portfolio Buys Q2 2024 → Q3 2024
BOXX Alpha Architect 1-3 MNTH Box New 2.63% +2.63
VFC VF Corp. Add +49.1% 1.40% +0.68
EBC Eastern Bankshares Inc. New 0.52% +0.52
CUBI Customers Bancorp Inc. Add +140.1% 0.86% +0.44
COLB Columbia Banking System Inc. Add +0.5% 2.02% +0.28
BMY Bristol-Myers Squibb Co. Add +4.9% 2.05% +0.27
MCB Metropolitan Bank Holding Co. Add +87.1% 0.48% +0.24
SYBT Stock Yards Bancorp Inc. Add +21.9% 0.75% +0.19
MYFW First Western Financial Inc. New 0.19% +0.19
VBTX Veritex Holdings Inc. Add +0.4% 1.82% +0.17
TMHC Taylor Morrison Home Corp. New 0.17% +0.17
MOFG Midwestone Financial Group I Add +1.9% 1.32% +0.16
TSLA Tesla Inc. New 0.16% +0.16
USB US Bancorp New 0.15% +0.15
EQBK Equity Bancshares Inc. Class A Add +24.4% 0.50% +0.11
GE General Electric Add +0.5% 2.21% +0.11
BANC Banc of California Inc. Add +7.5% 1.25% +0.11
PNFP Pinnacle Financial Partners Add +10.6% 0.63% +0.10
RTX RTX Corp. Add +0.9% 1.49% +0.10
LKFN Lakeland Financial Corp. Add +21.3% 0.86% +0.10
BWB Bridgewater Bancshares Inc. Add +5.4% 0.85% +0.10
ALRS Alerus Financial Corp. Add +4.8% 1.29% +0.09
IREN Iren Ltd. New 0.07% +0.07
FXAIX Fidelity 500 Index Fund Add +10.4% 2.18% +0.06
CIFR Cipher Digital Inc. New 0.05% +0.05
SEM Select Medical Holdings Corp. Add +30.9% 0.30% +0.04
WULF Terawulf Inc. Add +31.2% 0.09% +0.02
MVBF MVB Financial Corp. Add +11.4% 0.32% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.1% 1.63% −0.00
OGN Organon & Co. Add +4.3% 0.20% −0.04
EPD Enterprise Products Partners Add +0.4% 0.40% −0.05
APLS Apellis Pharmaceuticals Inc. Add +30.8% 0.61% −0.09
BA The Boeing Co. Add +17.6% 0.80% −0.12
PFE Pfizer Inc. Add +0.0% 1.78% −0.17
TROW T Rowe Price Group Inc. Add +7.0% 1.42% −0.17
XOM Exxon Mobil Corp. Add +1.0% 2.44% −0.25
CTRA Coterra Energy Inc. Add +1.3% 1.07% −0.26
GOOG Alphabet Inc. Class C Add +0.1% 1.24% −0.30
TFIN Triumph Financial Inc. Add +1.8% 2.22% −0.32
MGM MGM Resorts International Add +1.8% 1.40% −0.37
CVX Chevron Corp. Add +0.2% 2.00% −0.41

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