Latest Sippican Capital Advisors Stock Portfolio

Sippican Capital Advisors Performance:

2024 Q3: 9.95%YTD: 15.29%2023: 8.03%

Performance for 2024 Q3 is 9.95%, and YTD is 15.29%, and 2023 is 8.03%.

About Sippican Capital Advisors and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Sippican Capital Advisors reported an equity portfolio of $143.3 Millions as of 30 Sep, 2024.

The top stock holdings of Sippican Capital Advisors are TBBK, NVR, BOB. The fund has invested 5.9% of it's portfolio in BANCORP INC and 3.5% of portfolio in NVR INC.

The fund managers got completely rid off CAMBRIDGE BANCORP (CATC), GOODYEAR TIRE & RUBBER CO (GT) and SOLVENTUM CORP stocks. They significantly reduced their stock positions in GE VERNOVA INC, CONOCOPHILLIPS (COP) and JOHNSON & JOHNSON (JNJ). Sippican Capital Advisors opened new stock positions in ALPHA ARCHITECT 1-3 MONTH BOX (BOB), EASTERN BANKSHARES INC (EBC) and FIRST WESTERN FINANCIAL INC (MYFW). The fund showed a lot of confidence in some stocks as they added substantially to CUSTOMERS BANCORP INC (CUBI), METROPOLITAN BANK HOLDING CORP (MCB) and VF CORP (VFC).

Sippican Capital Advisors Annual Return Estimates Vs S&P 500

Our best estimate is that Sippican Capital Advisors made a return of 9.95% in the last quarter. In trailing 12 months, it's portfolio return was 24.74%.

New Buys

Ticker	$ Bought
alpha architect 1-3 month box	3,769,920
eastern bankshares inc	743,516
first western financial inc	272,000
taylor morrison home corp cl a	245,910
tesla inc	223,432
us bancorp del	222,111
iris energy ltd ordinary share	93,684
cipher mining inc	71,982

New stocks bought by Sippican Capital Advisors

Additions

Ticker	% Inc.
customers bancorp inc	140
metropolitan bank holding corp	87.09
vf corp	49.07
terawulf inc	31.16
select med holdings corp	30.9
apellis pharmaceuticals inc	30.78
equity bancshares inc cl a	24.37
stock yds bancorp inc	21.93

Additions to existing portfolio by Sippican Capital Advisors

Reductions

Ticker	% Reduced
ge vernova inc	-51.09
conocophillips	-43.25
johnson & johnson	-37.06
healthpeak properties inc	-35.17
synovus financial corp	-28.91
honeywell intl inc	-26.72
cf industries holdings inc	-23.97
viatris inc	-19.66

Sippican Capital Advisors reduced stake in above stock

Sold off

Ticker	$ Sold
goodyear tire & rubber co	-420,461
w&t offshore inc	-29,104
first acceptance corp	-39,360
cambridge bancorp	-673,026
weyerhaeuser co	-250,627
solventum corp	-325,688
alphabet inc cap stock cl a	-214,026
s&p dow jones index call optio	-1,213,520

Sippican Capital Advisors got rid off the above stocks

Sector Distribution

Sippican Capital Advisors has about 33.2% of it's holdings in Financial Services sector.

Sector	%
Financial Services	33.2
Healthcare	13
Energy	11.2
Industrials	10.4
Consumer Cyclical	10.4
Others	9.6
Technology	2.5
Consumer Defensive	2.4
Real Estate	2.3
	2.2
Communication Services	1.7

Market Cap. Distribution

Sippican Capital Advisors has about 60.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	42
MEGA-CAP	18.3
MID-CAP	16.2
SMALL-CAP	13.4
UNALLOCATED	9.6

Stocks belong to which Index?

About 80% of the stocks held by Sippican Capital Advisors either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	59.7
RUSSELL 2000	20.3
Others	20

Top 5 Winners (%)		%
TBBK	bancorp inc	41.6 %
WAL	western alliance bancorp	37.7 %
VFC	vf corp	35.9 %
MMM	3m co	33.1 %
IRM	iron mountain inc	31.8 %

Top 5 Winners ($)		$
TBBK	bancorp inc	2.5 M
NVR	nvr inc	1.1 M
MMM	3m co	0.8 M
IRM	iron mountain inc	0.8 M
COLB	columbia banking systems inc	0.7 M

Top 5 Losers (%)		%
APLS	apellis pharmaceuticals inc	-24.5 %
BA	boeing co	-15.9 %
FANG	diamondback energy inc	-13.9 %
MGM	mgm resorts international	-11.8 %
CTRA	coterra energy inc	-10.1 %

Top 5 Losers ($)		$
FANG	diamondback energy inc	-0.3 M
APLS	apellis pharmaceuticals inc	-0.3 M
MGM	mgm resorts international	-0.3 M
BA	boeing co	-0.2 M
MRK	merck & co inc	-0.2 M

Sippican Capital Advisors Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Sippican Capital Advisors

Sippican Capital Advisors has 113 stocks in it's portfolio. About 27.5% of the portfolio is in top 10 stocks. FANG proved to be the most loss making stock for the portfolio. TBBK was the most profitable stock for Sippican Capital Advisors last quarter.

Last Reported on: 28 Oct, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.21	7,436	1,732,590	unchanged	0.00

ABBV	abbvie inc	2.04	14,790	2,920,730	reduced	-4.33

ABT	abbott laboratories	0.29	3,590	409,296	reduced	-2.71

ADBE	adobe inc	0.15	420	217,468	unchanged	0.00

ALRS	alerus financial corp	1.28	80,525	1,842,410	added	4.77

AMZN	amazon.com inc	0.18	1,380	257,135	unchanged	0.00

APLS	apellis pharmaceuticals inc	0.61	30,313	874,227	added	30.78

AXP	american express co	0.48	2,559	694,001	unchanged	0.00

BA	boeing co	0.80	7,557	1,148,970	added	17.6

BAC	bank america corp	0.72	26,150	1,037,630	reduced	-2.44

BANC	banc of california inc	1.25	121,610	1,791,320	added	7.49

BANR	banner corp	0.52	12,487	743,726	unchanged	0.00

BMY	bristol-myers squibb co	2.05	56,679	2,932,570	added	4.94

BOB	alpha architect 1-3 month box	2.63	34,609	3,769,920	new

BWB	bridgewater bancshares inc acc	0.84	85,510	1,211,680	added	5.39

BX	blackstone group inc cl a	0.78	7,299	1,117,700	reduced	-1.55

C	citigroup inc	1.67	38,154	2,388,440	reduced	-0.21

CASH	pathward financial inc	1.02	22,170	1,463,440	reduced	-0.54

CAT	caterpillar inc	0.68	2,500	977,800	unchanged	0.00

CATC	cambridge bancorp	0.00	0.00	0.00	sold off	-100