Sippican Capital Advisors
Long book
$146.1M
Q1 2026
Positions
107
Top-10 weight
27%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsSippican Capital Advisors is an institutional manager, running a $146.1M US long book across 107 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: BANCORP INC/THE, GENERAL ELECTRIC, TRIUMPH FINANCIAL INC, EXXON MOBIL CORP, BRISTOL-MYERS SQUIBB CO.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.7%
Q2 2024
+11.6%
Q3 2024
-1.4%
Q4 2024
-2.2%
Q1 2025
+3.6%
Q2 2025
+9.0%
Q3 2025
+3.3%
Q4 2025
+1.3%
Q1 2026
+11.3%
Sector allocation
Financials 43%
Industrials 15%
Healthcare 13%
Energy 11%
Technology 6%
Other 5%
Utilities 2%
Consumer discretionary 2%
Long book by quarter
What does Sippican Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TBBK BANCORP INC/THE | Financials | 148.2K | $8.0M | 5.4% | -3.4% |
| GE GENERAL ELECTRIC | Industrials | 14.9K | $4.2M | 2.9% | -3.5% |
| TFIN TRIUMPH FINANCIAL INC | Financials | 70.4K | $4.2M | 2.9% | -3.5% |
| XOM EXXON MOBIL CORP | Energy | 24.6K | $4.2M | 2.9% | -12.5% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 60.7K | $3.7M | 2.5% | -2.2% |
| CVX CHEVRON CORP | Energy | 17.7K | $3.7M | 2.5% | -5.4% |
| NVR NVR INC | Industrials | 488 | $3.2M | 2.2% | -3.7% |
| GOOG ALPHABET INC-CL C | Technology | 10.4K | $3.0M | 2.0% | -1.2% |
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 105.8K | $2.9M | 2.0% | -3.9% |
| ABBV ABBVIE INC | Healthcare | 13.0K | $2.8M | 1.9% | -3.2% |
| PFE PFIZER INC | Healthcare | 99.2K | $2.8M | 1.9% | -1.6% |
| CUBI CUSTOMERS BANCORP INC | Financials | 39.8K | $2.8M | 1.9% | -2.0% |
| MMM 3M CO | Healthcare | 18.7K | $2.7M | 1.9% | -1.3% |
| ALRS ALERUS FINANCIAL CORP | Financials | 113.1K | $2.7M | 1.8% | -0.6% |
| EGBN EAGLE BANCORP INC | Financials | 107.5K | $2.7M | 1.8% | +9.0% |
| MRK MERCK & CO. INC. | Healthcare | 22.0K | $2.6M | 1.8% | -2.0% |
| LLY ELI LILLY & CO | Healthcare | 2.8K | $2.6M | 1.8% | -5.8% |
| ORCL ORACLE CORP | Technology | 17.1K | $2.5M | 1.7% | +139.9% |
| RTX RTX CORP | Industrials | 12.2K | $2.4M | 1.6% | -22.5% |
| MCB METROPOLITAN BANK HOLDING CO | Financials | 27.8K | $2.3M | 1.6% | -1.0% |
| GT GOODYEAR TIRE & RUBBER CO | Other | 335.8K | $2.2M | 1.5% | +6.2% |
| FLG FLAGSTAR BANK NA | Financials | 167.6K | $2.2M | 1.5% | +12.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 10.5K | $2.2M | 1.5% | +87.0% |
| BANC BANC OF CALIFORNIA INC | Financials | 121.4K | $2.1M | 1.5% | -2.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.4K | $2.1M | 1.5% | Held |
| FANG DIAMONDBACK ENERGY INC | Energy | 10.4K | $2.1M | 1.4% | -4.7% |
| EOG EOG RESOURCES INC | Energy | 13.3K | $1.9M | 1.3% | +10.3% |
| CTRA COTERRA ENERGY INC | — | 54.0K | $1.9M | 1.3% | -13.5% |
| JPM JPMORGAN CHASE & CO | Financials | 6.2K | $1.8M | 1.3% | -3.8% |
| VFC VF CORP | Other | 106.7K | $1.8M | 1.2% | +1.3% |
| CASH PATHWARD FINANCIAL INC | Financials | 20.2K | $1.8M | 1.2% | -6.7% |
| OMF ONEMAIN HOLDINGS INC | Financials | 32.8K | $1.8M | 1.2% | -0.1% |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.8K | $1.7M | 1.2% | -8.1% |
| BWB BRIDGEWATER BANCSHARES INC | Financials | 96.7K | $1.7M | 1.2% | -0.6% |
| IREN IREN LTD | Financials | 49.0K | $1.7M | 1.2% | +8.2% |
| KMI KINDER MORGAN INC | Utilities | 47.5K | $1.6M | 1.1% | -11.7% |
| GEV GE VERNOVA INC | Industrials | 1.8K | $1.6M | 1.1% | -11.9% |
| CAT CATERPILLAR INC | Industrials | 2.2K | $1.6M | 1.1% | -12.0% |
| AAPL APPLE INC | Technology | 6.0K | $1.5M | 1.0% | -9.8% |
| LEN LENNAR CORP-A | Industrials | 16.7K | $1.4M | 1.0% | -2.1% |
| QCRH QCR HOLDINGS INC | Financials | 15.0K | $1.3M | 0.9% | -1.3% |
| DE DEERE & CO | Industrials | 2.2K | $1.3M | 0.9% | -4.7% |
| C CITIGROUP INC | Financials | 10.9K | $1.2M | 0.8% | -23.7% |
| EQBK EQUITY BANCSHARES INC - CL A | Financials | 26.5K | $1.2M | 0.8% | -6.8% |
| MYFW FIRST WESTERN FINANCIAL INC | Financials | 46.5K | $1.1M | 0.8% | -2.8% |
| WULF TERAWULF INC | Financials | 79.2K | $1.1M | 0.8% | +10.5% |
| CB CHUBB LTD | Financials | 3.5K | $1.1M | 0.8% | -2.1% |
| SYBT STOCK YARDS BANCORP INC | Financials | 15.9K | $1.1M | 0.7% | -6.1% |
| GD GENERAL DYNAMICS CORP | Industrials | 3.0K | $1.0M | 0.7% | -0.2% |
| MVBF MVB FINANCIAL CORP | Financials | 39.9K | $991K | 0.7% | -3.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 107 | $146.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 113 | $155.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 114 | $151.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 112 | $137.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 109 | $132.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 112 | $137.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 113 | $143.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 113 | $126.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 114 | $128.6M | canonical | SEC ↗ |
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