Sippican Capital Advisors

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Sippican Capital Advisors reported 113 stock positions worth $155.6 million. Its top holding was Bancorp (TBBK) at 6.7% of the portfolio, followed by General Electric (GE, 3.1%) and Triumph Financial (TFIN, 2.9%). Compared with Q3 2025, it opened 3 new positions, sold out of 4, added to 34 and reduced 54. The biggest buy was Alpha Architect 1-3 MNTH Box (BOXX, shares +119%) and the biggest sale Bancorp (TBBK, shares −1%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001557406
Portfolio Value
$155.6M (Q4 2025)
SEC Filing
0001398344-26-001091 ↗ filed Jan 23, 2026

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 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 $155.6M Q4 2025 Q1 2026: $146.1M Q1 2026 Q2 2026: $163.9M Q2 2026

Holdings 113 stocks · $155.6M
TBBK The Bancorp Inc. 6.66% 153,461 $10.4M Reduce -0.5%
GE General Electric filed as GE AEROSPACE 3.07% 15,492 $4.8M Reduce -2.2%
TFIN Triumph Financial Inc. 2.94% 72,948 $4.6M Add +6.7%
BOXX Alpha Architect 1-3 MNTH Box 2.86% 38,628 $4.4M Add +119.0%
NVR NVR Inc. 2.38% 507 $3.7M No change
XOM Exxon Mobil Corp. 2.17% 28,119 $3.4M Reduce -2.1%
BMY Bristol-Myers Squibb Co. 2.15% 62,052 $3.3M Add +6.9%
GOOG Alphabet Inc. Class C 2.13% 10,545 $3.3M Add +0.0%
LLY Eli Lilly & Co. 2.07% 2,999 $3.2M Reduce -5.2%
COLB Columbia Banking System Inc. 1.98% 110,077 $3.1M Reduce -0.0%
ABBV Abbvie Inc. 1.98% 13,459 $3.1M Reduce -3.4%
MMM 3M Co. 1.95% 18,927 $3.0M Reduce -3.7%
CUBI Customers Bancorp Inc. 1.91% 40,580 $3.0M Add +0.1%
RTX RTX Corp. 1.86% 15,769 $2.9M Reduce -6.2%
CVX Chevron Corp. 1.83% 18,727 $2.9M Reduce -1.2%
GT Goodyear Tire & Rubber Co. 1.78% 316,130 $2.8M Add +33.0%
ALRS Alerus Financial Corp. 1.65% 113,841 $2.6M Add +1.8%
PFE Pfizer Inc. 1.61% 100,867 $2.5M Add +1.8%
BANC Banc of California Inc. 1.54% 124,595 $2.4M Reduce -2.0%
FXAIX Fidelity 500 Index Fund 1.53% 10,010 $2.4M Reduce -5.2%
MRK Merck & Co. Inc. 1.52% 22,476 $2.4M Reduce -2.8%
BRK.B Berkshire Hathaway Inc. Class B 1.43% 4,430 $2.2M Reduce -12.7%
OMF Onemain Holdings Inc. 1.42% 32,806 $2.2M Reduce -0.0%
MCB Metropolitan Bank Holding Co. 1.38% 28,097 $2.1M Add +3.7%
EGBN Eagle Bancorp Inc. 1.36% 98,680 $2.1M Add +161.3%
JPM JPMorgan Chase & Co. 1.34% 6,490 $2.1M Reduce -5.7%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.24% 23,277 $1.9M Reduce -1.1%
VFC VF Corp. 1.22% 105,370 $1.9M Add +9.2%
FLG Flagstar Bank NA 1.20% 148,805 $1.9M Add +100.1%
AAPL Apple Inc. 1.16% 6,658 $1.8M Reduce -9.8%
WAL Western Alliance Bancorp 1.14% 21,015 $1.8M No change
LEN Lennar Corp. Class A 1.12% 17,022 $1.7M Reduce -0.6%
IREN Iren Ltd. filed as IREN LIMITED 1.10% 45,330 $1.7M Add +59.2%
BWB Bridgewater Bancshares Inc. 1.10% 97,310 $1.7M No change
C Citigroup Inc. 1.07% 14,237 $1.7M Reduce -48.8%
CTRA Coterra Energy Inc. 1.06% 62,415 $1.6M Reduce -0.6%
FANG Diamondback Energy Inc. 1.05% 10,903 $1.6M Reduce -0.9%
CASH Pathward Financial Inc. 0.99% 21,640 $1.5M Add +0.8%
LMT Lockheed Martin Corp. 0.96% 3,086 $1.5M No change
PRUFX T Rowe PR Growth Stock-I 0.95% 13,715 $1.5M Add +10.3%
KMI Kinder Morgan Inc. 0.95% 53,814 $1.5M Reduce -0.5%
CAT Caterpillar Inc. 0.92% 2,500 $1.4M No change
ORCL Oracle Corp. 0.89% 7,134 $1.4M Add +22.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.89% 25,229 $1.4M Add +1.5%
GEV GE Vernova Inc. 0.86% 2,037 $1.3M Add +1.2%
AMZN Amazon.com Inc. 0.84% 5,633 $1.3M Add +308.2%
MYFW First Western Financial Inc. 0.82% 47,825 $1.3M No change
EQBK Equity Bancshares Inc. Class A 0.82% 28,445 $1.3M Add +0.3%
EOG EOG Resources Inc. 0.81% 12,065 $1.3M Reduce -0.4%
QCRH QCR Holdings Inc. 0.81% 15,155 $1.3M No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.77% 15,405 $1.2M Add +1.9%
BX Blackstone Inc. 0.71% 7,219 $1.1M No change
CB Chubb Ltd. 0.71% 3,525 $1.1M Reduce -1.1%
SYBT Stock Yards Bancorp Inc. 0.70% 16,889 $1.1M Reduce -6.1%
DE Deere & Co. 0.70% 2,340 $1.1M No change
MVBF MVB Financial Corp. 0.69% 41,353 $1.1M Reduce -3.2%
DKNG Draftkings Inc. Class A 0.67% 30,249 $1.0M Add +1.1%
GD General Dynamics Corp. 0.64% 2,972 $1.0M Reduce -0.2%
MS Morgan Stanley 0.64% 5,593 $993K Reduce -0.9%
MOFG Midwestone Financial Group I 0.64% 25,684 $989K Reduce -60.8%
LKFN Lakeland Financial Corp. 0.63% 17,164 $979K Reduce -27.5%
ENB Enbridge Inc. 0.54% 17,701 $847K No change
WULF Terawulf Inc. 0.53% 71,650 $823K Add +112.9%
CIFR Cipher Digital Inc. 0.50% 52,750 $779K Add +151.2%
BANR Banner Corporation 0.50% 12,360 $774K Reduce -0.9%
EBC Eastern Bankshares Inc. 0.50% 41,806 $770K No change
AXP American Express Co. 0.48% 2,014 $745K Reduce -18.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.44% 6,066 $690K Add +1.2%
BA The Boeing Co. 0.44% 3,172 $689K Reduce -8.1%
WFC Wells Fargo & Co. 0.44% 7,375 $687K Reduce -9.1%
EPD Enterprise Products Partners 0.42% 20,485 $657K No change
PEP Pepsico Inc. 0.42% 4,554 $654K Reduce -3.7%
MGM MGM Resorts International 0.39% 16,641 $607K Reduce -32.8%
PAA Plains All Amer Pipeline LP 0.38% 32,800 $589K Add +2.4%
WSFS WSFS Financial Corp. 0.38% 10,638 $588K Add +53.2%
PNFP Pinnacle Financial Partners 0.36% 5,915 $564K Reduce -35.8%
V Visa Inc. Class A 0.36% 1,580 $554K Reduce -0.4%
JNJ Johnson & Johnson 0.36% 2,674 $553K Reduce -21.9%
CL Colgate-Palmolive Co. 0.36% 6,997 $553K Reduce -1.9%
HD Home Depot Inc. 0.33% 1,500 $516K Reduce -1.1%
ABT Abbott Laboratories 0.28% 3,425 $429K Reduce -4.6%
BF.B Brown-Forman Corp. Class B 0.27% 16,195 $422K Add +3.2%
MSFT Microsoft Corp. 0.27% 863 $417K Reduce -43.9%
SBLK Star Bulk Carriers Corp. 0.27% 21,677 $417K Reduce -1.0%
DVA Davita Inc. 0.24% 3,322 $377K Reduce -66.6%
KO The Coca-Cola Co. 0.24% 5,373 $376K Reduce -0.5%
TSLA Tesla Inc. 0.23% 791 $356K No change
VFIAX Vanguard 500 Index-Adm 0.22% 554 $350K Add +0.2%
GOOGL Alphabet Inc. Class A 0.22% 1,110 $347K No change
OKE Oneok Inc. 0.22% 4,626 $340K Add +31.2%
HSY The Hershey Co. 0.22% 1,850 $337K No change
TRV The Travelers Cos Inc. 0.21% 1,125 $326K Reduce -1.0%
GIS General Mills Inc. 0.21% 7,005 $326K Reduce -2.4%
CINF Cincinnati Financial Corp. 0.20% 1,900 $310K Reduce -4.3%
SM SM Energy Co. 0.19% 15,831 $296K Add +0.6%
ZION Zions Bancorp NA 0.19% 5,050 $296K No change
UNP Union Pacific Corp. 0.17% 1,174 $272K Reduce -0.1%
TTE Totalenergies SE 0.17% 4,048 $265K No change
MRP Millrose Properties 0.17% 8,771 $262K Add +1.0%
PG The Procter & Gamble Co. 0.17% 1,816 $260K Reduce -0.6%
BF.A Brown-Forman Corp. Class A 0.17% 9,866 $260K Add +0.1%
USB US Bancorp 0.17% 4,857 $259K No change
HON Honeywell International Inc. 0.16% 1,288 $251K No change
COP Conocophillips 0.16% 2,628 $246K Reduce -15.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 828 $245K Add +13.7%
SNV Synovus Financial Corp. 0.16% 4,875 $244K Reduce -1.0%
ITW Illinois Tool Works 0.15% 925 $228K Reduce -2.6%
TXT Textron Inc. 0.14% 2,500 $218K No change
RSP Invesco S&P 500 Equal Weight 0.13% 1,076 $206K New
TMHC Taylor Morrison Home Corp. 0.13% 3,500 $206K No change
BLND Blend Labs Inc. Class A 0.04% 18,000 $55K New
ERNEXA THERAPEUTICS INC 0.01% 10,000 $12K No change
STRIVE INC 0.01% 14,500 $11K New

Portfolio Sells Q3 2025 → Q4 2025
TBBK The Bancorp Inc. Reduce -0.5% 6.66% −0.98
C Citigroup Inc. Reduce -48.8% 1.07% −0.80
DVA Davita Inc. Reduce -66.6% 0.24% −0.63
MOFG Midwestone Financial Group I Reduce -60.8% 0.64% −0.59
VBTX Veritex Holdings Inc. Sold out 0.00% −0.59
GEHC GE Healthcare Technology Sold out 0.00% −0.46
LKFN Lakeland Financial Corp. Reduce -27.5% 0.63% −0.38
IRM Iron Mountain Inc. Reduce -1.1% 1.24% −0.35
LEN Lennar Corp. Class A Reduce -0.6% 1.12% −0.30
VMC Vulcan Materials Co. Sold out 0.00% −0.28
MSFT Microsoft Corp. Reduce -43.9% 0.27% −0.26
BRK.B Berkshire Hathaway Inc. Class B Reduce -12.7% 1.43% −0.26
PNFP Pinnacle Financial Partners Reduce -35.8% 0.36% −0.21
CET Central Securities Corp. Sold out 0.00% −0.20
MGM MGM Resorts International Reduce -32.8% 0.39% −0.18
ABBV Abbvie Inc. Reduce -3.4% 1.98% −0.16
SYBT Stock Yards Bancorp Inc. Reduce -6.1% 0.70% −0.13
CVX Chevron Corp. Reduce -1.2% 1.83% −0.11
FXAIX Fidelity 500 Index Fund Reduce -5.2% 1.53% −0.10
JPM JPMorgan Chase & Co. Reduce -5.7% 1.34% −0.09
EOG EOG Resources Inc. Reduce -0.4% 0.81% −0.08
GE General Electric Reduce -2.2% 3.07% −0.08
AAPL Apple Inc. Reduce -9.8% 1.16% −0.08
HD Home Depot Inc. Reduce -1.1% 0.33% −0.07
MMM 3M Co. Reduce -3.7% 1.95% −0.07
AXP American Express Co. Reduce -18.9% 0.48% −0.07
JNJ Johnson & Johnson Reduce -21.9% 0.36% −0.06
KMI Kinder Morgan Inc. Reduce -0.5% 0.95% −0.06
BA The Boeing Co. Reduce -8.1% 0.44% −0.05
BANR Banner Corporation Reduce -0.9% 0.50% −0.04
ABT Abbott Laboratories Reduce -4.6% 0.28% −0.04
COP Conocophillips Reduce -15.3% 0.16% −0.04
GIS General Mills Inc. Reduce -2.4% 0.21% −0.03
GD General Dynamics Corp. Reduce -0.2% 0.64% −0.03
CL Colgate-Palmolive Co. Reduce -1.9% 0.36% −0.02
MVBF MVB Financial Corp. Reduce -3.2% 0.69% −0.02
PEP Pepsico Inc. Reduce -3.7% 0.42% −0.02
PG The Procter & Gamble Co. Reduce -0.6% 0.17% −0.02
ITW Illinois Tool Works Reduce -2.6% 0.15% −0.02
UNP Union Pacific Corp. Reduce -0.1% 0.17% −0.01
CINF Cincinnati Financial Corp. Reduce -4.3% 0.20% −0.01
WFC Wells Fargo & Co. Reduce -9.1% 0.44% −0.01
SNV Synovus Financial Corp. Reduce -1.0% 0.16% −0.00
RTX RTX Corp. Reduce -6.2% 1.86% −0.00
V Visa Inc. Class A Reduce -0.4% 0.36% −0.00
SBLK Star Bulk Carriers Corp. Reduce -1.0% 0.27% −0.00
TRV The Travelers Cos Inc. Reduce -1.0% 0.21% 0.00
KO The Coca-Cola Co. Reduce -0.5% 0.24% +0.00
FANG Diamondback Energy Inc. Reduce -0.9% 1.05% +0.01
XOM Exxon Mobil Corp. Reduce -2.1% 2.17% +0.03

Portfolio Buys Q3 2025 → Q4 2025
BOXX Alpha Architect 1-3 MNTH Box Add +119.0% 2.86% +1.53
EGBN Eagle Bancorp Inc. Add +161.3% 1.36% +0.85
TFIN Triumph Financial Inc. Add +6.7% 2.94% +0.67
FLG Flagstar Bank NA Add +100.1% 1.20% +0.64
AMZN Amazon.com Inc. Add +308.2% 0.84% +0.64
GT Goodyear Tire & Rubber Co. Add +33.0% 1.78% +0.60
GOOG Alphabet Inc. Class C Add +0.0% 2.13% +0.43
BMY Bristol-Myers Squibb Co. Add +6.9% 2.15% +0.42
CIFR Cipher Digital Inc. Add +151.2% 0.50% +0.33
VFC VF Corp. Add +9.2% 1.22% +0.30
WULF Terawulf Inc. Add +112.9% 0.53% +0.27
IREN Iren Ltd. Add +59.2% 1.10% +0.22
CUBI Customers Bancorp Inc. Add +0.1% 1.91% +0.15
RSP Invesco S&P 500 Equal Weight New 0.13% +0.13
WSFS WSFS Financial Corp. Add +53.2% 0.38% +0.13
EQBK Equity Bancshares Inc. Class A Add +0.3% 0.82% +0.05
OKE Oneok Inc. Add +31.2% 0.22% +0.05
BAC Bank of America Corp. Add +1.5% 0.89% +0.04
MCB Metropolitan Bank Holding Co. Add +3.7% 1.38% +0.04
GEV GE Vernova Inc. Add +1.2% 0.86% +0.04
BLND Blend Labs Inc. Class A New 0.04% +0.04
IBM Intl Business Machines Corp. Add +13.7% 0.16% +0.02
PAA Plains All Amer Pipeline LP Add +2.4% 0.38% +0.02
ALRS Alerus Financial Corp. Add +1.8% 1.65% +0.01
STRIVE INC New 0.01% +0.01
VFIAX Vanguard 500 Index-Adm Add +0.2% 0.22% −0.00
BF.A Brown-Forman Corp. Class A Add +0.1% 0.17% −0.01
BF.B Brown-Forman Corp. Class B Add +3.2% 0.27% −0.01
DIS The Walt Disney Co. Add +1.2% 0.44% −0.01
MRP Millrose Properties Add +1.0% 0.17% −0.02
PRUFX T Rowe PR Growth Stock-I Add +10.3% 0.95% −0.04
PFE Pfizer Inc. Add +1.8% 1.61% −0.06
CASH Pathward Financial Inc. Add +0.8% 0.99% −0.06
SM SM Energy Co. Add +0.6% 0.19% −0.07
DKNG Draftkings Inc. Class A Add +1.1% 0.67% −0.07
CF CF Industries Holdings Inc. Add +1.9% 0.77% −0.13
ORCL Oracle Corp. Add +22.4% 0.89% −0.19

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