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Portfolio (Quarterly) Guide ↗

Sippican Capital Advisors

· CIK 0001557406
13F Portfolio $146M AUM 107 positions Filed Apr 23, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 3 New 20 Added 58 Reduced 9 Exited
Page 3 of 3  ·  58 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 CF CF Industries Holdings Inc Basic Materials 6,592.0 $856K 0.59% -9K -57.2% $129.84 -6.3%
42 WAL Western Alliance Bancorp Financial Services 11,020.0 $781K 0.53% -10K -47.6% $70.85 +8.7%
43 BAC Bank America Corp Financial Services 15,785.0 $770K 0.53% -9K -37.4% $48.75 +5.6%
44 BANR Banner Corp Financial Services 11,955.0 $725K 0.50% -405.0 -3.3% $60.68 +6.5%
45 PEP PepsiCo Inc Consumer Defensive 4,494.0 $698K 0.48% -60.0 -1.3% $155.29 -4.1%
46 JNJ Johnson & Johnson Healthcare 2,604.0 $637K 0.44% -70.0 -2.6% $244.44 -5.2%
47 MGM MGM Resorts International Consumer Cyclical 16,016.0 $593K 0.41% -625.0 -3.8% $37.01 +1.8%
48 BA Boeing Co Industrials 2,939.0 $585K 0.40% -233.0 -7.3% $199.03 +10.3%
49 CL Colgate Palmolive Co Consumer Defensive 6,697.0 $571K 0.39% -300.0 -4.3% $85.23 +6.1%
50 WFC Wells Fargo & Co Financial Services 7,165.0 $570K 0.39% -210.0 -2.9% $79.61 -4.8%
51 HD Home Depot Inc Consumer Cyclical 1,450.0 $477K 0.33% -50.0 -3.3% $328.89 -4.6%
52 OKE Oneok Inc Energy 4,593.0 $415K 0.28% -33.0 -0.7% $90.39 +2.5%
53 Total SA Act 3,648.0 $332K 0.23% -400.0 -9.9% $90.98
54 COP ConocoPhillips Energy 2,443.0 $322K 0.22% -185.0 -7.0% $132.00 -8.7%
55 Millrose Property Inc 8,412.0 $236K 0.16% -359.0 -4.1% $28.00
56 GIS General Mills Inc Consumer Defensive 6,300.0 $234K 0.16% -705.0 -10.1% $37.22 -10.1%
57 PG Procter And Gamble Co Consumer Defensive 1,566.0 $226K 0.15% -250.0 -13.8% $144.44 -1.4%
58 HON Honeywell Intl Inc Industrials 968.0 $219K 0.15% -320.0 -24.8% $226.03 -1.0%
Page 3 of 3  ·  58 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 39.8%
Energy 14.2%
Industrials 12.6%
Healthcare 11.5%
Consumer Cyclical 9.9%
Technology 3.5%
Communication Services 2.9%
Consumer Defensive 1.9%
Real Estate 1.7%
Utilities 1.2%