Sippican Capital Advisors

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Sippican Capital Advisors reported 107 stock positions worth $146.1 million. Its top holding was Bancorp (TBBK) at 5.4% of the portfolio, followed by General Electric (GE, 2.9%) and Triumph Financial (TFIN, 2.9%). Compared with Q4 2025, it opened 3 new positions, sold out of 9, added to 22 and reduced 60. The biggest buy was Oracle (ORCL, shares +140%) and the biggest sale an exit from Alpha Architect 1-3 MNTH Box (BOXX).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001557406
Portfolio Value
$146.1M (Q1 2026)
SEC Filing
0001398344-26-007005 ↗ filed Apr 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 Q4 2025 Q1 2026: $146.1M $146.1M Q1 2026 Q2 2026: $163.9M Q2 2026

Holdings 107 stocks · $146.1M
TBBK The Bancorp Inc. 5.45% 148,221 $8.0M Reduce -3.4%
GE General Electric filed as GE AEROSPACE 2.90% 14,949 $4.2M Reduce -3.5%
TFIN Triumph Financial Inc. 2.88% 70,423 $4.2M Reduce -3.5%
XOM Exxon Mobil Corp. 2.86% 24,600 $4.2M Reduce -12.5%
BMY Bristol-Myers Squibb Co. 2.52% 60,689 $3.7M Reduce -2.2%
CVX Chevron Corp. 2.51% 17,715 $3.7M Reduce -5.4%
NVR NVR Inc. 2.20% 488 $3.2M Reduce -3.8%
GOOG Alphabet Inc. Class C 2.05% 10,420 $3.0M Reduce -1.2%
COLB Columbia Banking System Inc. 1.99% 105,752 $2.9M Reduce -3.9%
ABBV Abbvie Inc. 1.94% 13,022 $2.8M Reduce -3.3%
PFE Pfizer Inc. 1.91% 99,232 $2.8M Reduce -1.6%
CUBI Customers Bancorp Inc. 1.89% 39,754 $2.8M Reduce -2.0%
MMM 3M Co. 1.86% 18,682 $2.7M Reduce -1.3%
ALRS Alerus Financial Corp. 1.84% 113,141 $2.7M Reduce -0.6%
EGBN Eagle Bancorp Inc. 1.83% 107,517 $2.7M Add +9.0%
MRK Merck & Co. Inc. 1.81% 22,030 $2.6M Reduce -2.0%
LLY Eli Lilly & Co. 1.78% 2,824 $2.6M Reduce -5.8%
ORCL Oracle Corp. 1.72% 17,111 $2.5M Add +139.8%
FXAIX Fidelity 500 Index Fund 1.64% 10,510 $2.4M Add +5.0%
RTX RTX Corp. 1.61% 12,215 $2.4M Reduce -22.5%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.59% 22,727 $2.3M Reduce -2.4%
MCB Metropolitan Bank Holding Co. 1.59% 27,826 $2.3M Reduce -1.0%
GT Goodyear Tire & Rubber Co. 1.52% 335,785 $2.2M Add +6.2%
FLG Flagstar Bank NA 1.51% 167,615 $2.2M Add +12.6%
AMZN Amazon.com Inc. 1.50% 10,534 $2.2M Add +87.0%
BANC Banc of California Inc. 1.46% 121,420 $2.1M Reduce -2.5%
BRK.B Berkshire Hathaway Inc. Class B 1.45% 4,430 $2.1M No change
FANG Diamondback Energy Inc. 1.41% 10,389 $2.1M Reduce -4.7%
EOG EOG Resources Inc. 1.32% 13,310 $1.9M Add +10.3%
CTRA Coterra Energy Inc. 1.30% 53,966 $1.9M Reduce -13.5%
JPM JPMorgan Chase & Co. 1.26% 6,245 $1.8M Reduce -3.8%
VFC VF Corp. 1.24% 106,700 $1.8M Add +1.3%
CASH Pathward Financial Inc. 1.23% 20,185 $1.8M Reduce -6.7%
OMF Onemain Holdings Inc. 1.20% 32,781 $1.8M Reduce -0.1%
LMT Lockheed Martin Corp. 1.17% 2,837 $1.7M Reduce -8.1%
BWB Bridgewater Bancshares Inc. 1.17% 96,685 $1.7M Reduce -0.6%
IREN Iren Ltd. filed as IREN LIMITED 1.15% 49,045 $1.7M Add +8.2%
KMI Kinder Morgan Inc. 1.09% 47,494 $1.6M Reduce -11.7%
GEV GE Vernova Inc. 1.07% 1,794 $1.6M Reduce -11.9%
CAT Caterpillar Inc. 1.07% 2,200 $1.6M Reduce -12.0%
AAPL Apple Inc. 1.04% 6,008 $1.5M Reduce -9.8%
LEN Lennar Corp. Class A 0.99% 16,660 $1.4M Reduce -2.1%
QCRH QCR Holdings Inc. filed as QCR HLDGS INC 0.87% 14,955 $1.3M Reduce -1.3%
DE Deere & Co. 0.86% 2,230 $1.3M Reduce -4.7%
C Citigroup Inc. 0.84% 10,856 $1.2M Reduce -23.8%
EQBK Equity Bancshares Inc. Class A 0.81% 26,520 $1.2M Reduce -6.8%
PRUFX T Rowe PR Growth Stock-I 0.79% 12,015 $1.2M Reduce -12.4%
MYFW First Western Financial Inc. 0.78% 46,475 $1.1M Reduce -2.8%
WULF Terawulf Inc. 0.78% 79,150 $1.1M Add +10.5%
CB Chubb Ltd. 0.77% 3,450 $1.1M Reduce -2.1%
SYBT Stock Yards Bancorp Inc. 0.72% 15,854 $1.1M Reduce -6.1%
GD General Dynamics Corp. 0.70% 2,967 $1.0M Reduce -0.2%
MVBF MVB Financial Corp. 0.68% 39,918 $991K Reduce -3.5%
ENB Enbridge Inc. 0.66% 17,701 $958K No change
MS Morgan Stanley 0.63% 5,593 $920K No change
CIFR Cipher Digital Inc. 0.62% 70,600 $909K Add +33.8%
CF CF Industries Holdings Inc. 0.59% 6,592 $856K Reduce -57.2%
BX Blackstone Inc. 0.57% 7,225 $831K Add +0.1%
EBC Eastern Bankshares Inc. 0.56% 41,806 $818K No change
EPD Enterprise Products Partners 0.54% 20,860 $789K Add +1.8%
WAL Western Alliance Bancorp 0.53% 11,020 $781K Reduce -47.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.53% 15,785 $770K Reduce -37.4%
PAA Plains All Amer Pipeline LP 0.50% 32,800 $732K No change
WSFS WSFS Financial Corp. 0.50% 11,089 $726K Add +4.2%
BANR Banner Corporation 0.50% 11,955 $725K Reduce -3.3%
PEP Pepsico Inc. 0.48% 4,494 $698K Reduce -1.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.45% 6,815 $657K Add +12.3%
DKNG Draftkings Inc. Class A 0.45% 30,249 $654K No change
SM SM Energy Co. 0.44% 20,760 $647K Add +31.1%
JNJ Johnson & Johnson 0.44% 2,604 $637K Reduce -2.6%
AXP American Express Co. 0.42% 2,014 $609K No change
MGM MGM Resorts International 0.41% 16,016 $593K Reduce -3.8%
BA The Boeing Co. 0.40% 2,939 $585K Reduce -7.3%
CL Colgate-Palmolive Co. 0.39% 6,697 $571K Reduce -4.3%
WFC Wells Fargo & Co. 0.39% 7,165 $570K Reduce -2.9%
NIC Nicolet Bankshares Inc. 0.38% 3,727 $554K New
MTH Meritage Homes Corp. 0.34% 8,107 $501K New
SBLK Star Bulk Carriers Corp. 0.34% 21,677 $498K No change
V Visa Inc. Class A 0.33% 1,580 $478K No change
HD Home Depot Inc. 0.33% 1,450 $477K Reduce -3.3%
BF.B Brown-Forman Corp. Class B 0.30% 16,745 $443K Add +3.4%
OKE Oneok Inc. 0.28% 4,593 $415K Reduce -0.7%
KO The Coca-Cola Co. 0.28% 5,373 $409K No change
HSY The Hershey Co. 0.26% 1,850 $385K No change
MSFT Microsoft Corp. 0.26% 1,018 $377K Add +18.0%
ABT Abbott Laboratories 0.24% 3,425 $352K No change
VFIAX Vanguard 500 Index-Adm 0.23% 556 $335K Add +0.4%
TTE Totalenergies SE 0.23% 3,648 $332K Reduce -9.9%
TRV The Travelers Cos Inc. 0.22% 1,125 $328K No change
COP Conocophillips 0.22% 2,443 $322K Reduce -7.0%
GOOGL Alphabet Inc. Class A 0.22% 1,110 $319K No change
BF.A Brown-Forman Corp. Class A 0.21% 11,292 $303K Add +14.4%
CINF Cincinnati Financial Corp. 0.20% 1,900 $299K No change
ZION Zions Bancorp NA 0.20% 5,050 $291K No change
UNP Union Pacific Corp. 0.19% 1,174 $285K No change
USB US Bancorp 0.17% 4,857 $253K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 1,039 $252K Add +25.5%
RSP Invesco S&P 500 Equal Weight 0.17% 1,304 $250K Add +21.2%
ITW Illinois Tool Works 0.16% 925 $241K No change
MRP Millrose Properties 0.16% 8,412 $236K Reduce -4.1%

Show all 107 holdings

Portfolio Sells Q4 2025 → Q1 2026
BOXX Alpha Architect 1-3 MNTH Box Sold out 0.00% −2.86
TBBK The Bancorp Inc. Reduce -3.4% 5.45% −1.21
MOFG Midwestone Financial Group I Sold out 0.00% −0.64
LKFN Lakeland Financial Corp. Sold out 0.00% −0.63
WAL Western Alliance Bancorp Reduce -47.6% 0.53% −0.60
BAC Bank of America Corp. Reduce -37.4% 0.53% −0.36
PNFP Pinnacle Financial Partners Sold out 0.00% −0.36
LLY Eli Lilly & Co. Reduce -5.8% 1.78% −0.29
RTX RTX Corp. Reduce -22.5% 1.61% −0.25
DVA Davita Inc. Sold out 0.00% −0.24
TSLA Tesla Inc. Sold out 0.00% −0.23
C Citigroup Inc. Reduce -23.8% 0.84% −0.23
OMF Onemain Holdings Inc. Reduce -0.1% 1.20% −0.22
CF CF Industries Holdings Inc. Reduce -57.2% 0.59% −0.18
NVR NVR Inc. Reduce -3.8% 2.20% −0.18
PRUFX T Rowe PR Growth Stock-I Reduce -12.4% 0.79% −0.16
GE General Electric Reduce -3.5% 2.90% −0.16
SNV Synovus Financial Corp. Sold out 0.00% −0.16
LEN Lennar Corp. Class A Reduce -2.1% 0.99% −0.13
AAPL Apple Inc. Reduce -9.8% 1.04% −0.12
MMM 3M Co. Reduce -1.3% 1.86% −0.09
JPM JPMorgan Chase & Co. Reduce -3.8% 1.26% −0.09
BANC Banc of California Inc. Reduce -2.5% 1.46% −0.08
GOOG Alphabet Inc. Class C Reduce -1.2% 2.05% −0.08
TFIN Triumph Financial Inc. Reduce -3.5% 2.88% −0.06
WFC Wells Fargo & Co. Reduce -2.9% 0.39% −0.05
GIS General Mills Inc. Reduce -10.1% 0.16% −0.05
BA The Boeing Co. Reduce -7.3% 0.40% −0.04
MYFW First Western Financial Inc. Reduce -2.8% 0.78% −0.04
ABBV Abbvie Inc. Reduce -3.3% 1.94% −0.04
BLND Blend Labs Inc. Class A Sold out 0.00% −0.04
CUBI Customers Bancorp Inc. Reduce -2.0% 1.89% −0.02
PG The Procter & Gamble Co. Reduce -13.8% 0.15% −0.01
HON Honeywell International Inc. Reduce -24.8% 0.15% −0.01
EQBK Equity Bancshares Inc. Class A Reduce -6.8% 0.81% −0.01
MVBF MVB Financial Corp. Reduce -3.5% 0.68% −0.01
MRP Millrose Properties Reduce -4.1% 0.16% −0.01
STRIVE INC Sold out 0.00% −0.01
HD Home Depot Inc. Reduce -3.3% 0.33% −0.01
BANR Banner Corporation Reduce -3.3% 0.50% −0.00
COLB Columbia Banking System Inc. Reduce -3.9% 1.99% +0.01
SYBT Stock Yards Bancorp Inc. Reduce -6.1% 0.72% +0.01
MGM MGM Resorts International Reduce -3.8% 0.41% +0.02
CL Colgate-Palmolive Co. Reduce -4.3% 0.39% +0.04
GD General Dynamics Corp. Reduce -0.2% 0.70% +0.05
TTE Totalenergies SE Reduce -9.9% 0.23% +0.06
PEP Pepsico Inc. Reduce -1.3% 0.48% +0.06
CB Chubb Ltd. Reduce -2.1% 0.77% +0.06
COP Conocophillips Reduce -7.0% 0.22% +0.06
QCRH QCR Holdings Inc. Reduce -1.3% 0.87% +0.06

Portfolio Buys Q4 2025 → Q1 2026
ORCL Oracle Corp. Add +139.8% 1.72% +0.83
AMZN Amazon.com Inc. Add +87.0% 1.50% +0.67
EOG EOG Resources Inc. Add +10.3% 1.32% +0.50
EGBN Eagle Bancorp Inc. Add +9.0% 1.83% +0.47
NIC Nicolet Bankshares Inc. New 0.38% +0.38
MTH Meritage Homes Corp. New 0.34% +0.34
FLG Flagstar Bank NA Add +12.6% 1.51% +0.31
SM SM Energy Co. Add +31.1% 0.44% +0.25
WULF Terawulf Inc. Add +10.5% 0.78% +0.25
CIFR Cipher Digital Inc. Add +33.8% 0.62% +0.12
WSFS WSFS Financial Corp. Add +4.2% 0.50% +0.12
EPD Enterprise Products Partners Add +1.8% 0.54% +0.12
FXAIX Fidelity 500 Index Fund Add +5.0% 1.64% +0.11
CLSK Cleanspark Inc. New 0.07% +0.07
IREN Iren Ltd. Add +8.2% 1.15% +0.05
BF.A Brown-Forman Corp. Class A Add +14.4% 0.21% +0.04
RSP Invesco S&P 500 Equal Weight Add +21.2% 0.17% +0.04
BF.B Brown-Forman Corp. Class B Add +3.4% 0.30% +0.03
VFC VF Corp. Add +1.3% 1.24% +0.02
IBM Intl Business Machines Corp. Add +25.5% 0.17% +0.01
DIS The Walt Disney Co. Add +12.3% 0.45% +0.01
VFIAX Vanguard 500 Index-Adm Add +0.4% 0.23% +0.00
MSFT Microsoft Corp. Add +18.0% 0.26% −0.01
BX Blackstone Inc. Add +0.1% 0.57% −0.15
GT Goodyear Tire & Rubber Co. Add +6.2% 1.52% −0.26

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