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Portfolio (Quarterly) Guide ↗

Sippican Capital Advisors

· CIK 0001557406
13F Portfolio $156M AUM Filed Jan 23, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 113 New
Page 4 of 6  ·  113 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 LKFN Lakeland Financial Corp Financial Services 17,164.0 $979K 0.63% NEW $57.06 +5.5%
62 ENB Enbridge Inc Energy 17,701.0 $847K 0.54% NEW $47.83 +20.8%
63 WULF Terawulf Inc Financial Services 71,650.0 $823K 0.53% NEW $11.49 +88.3%
64 CIFR Cipher Mining Inc Financial Services 52,750.0 $779K 0.50% NEW $14.76 +45.8%
65 BANR Banner Corp Financial Services 12,360.0 $774K 0.50% NEW $62.66 +3.1%
66 EBC Eastern Bankshares Inc Financial Services 41,806.0 $770K 0.49% NEW $18.43 +7.7%
67 AXP American Express Co Financial Services 2,014.0 $745K 0.48% NEW $369.95 -16.3%
68 DIS Disney Walt Co Disney Communication Services 6,066.0 $690K 0.44% NEW $113.77 -9.0%
69 BA Boeing Co Industrials 3,172.0 $689K 0.44% NEW $217.12 +1.1%
70 WFC Wells Fargo & Co Financial Services 7,375.0 $687K 0.44% NEW $93.20 -18.7%
71 EPD Enterprise Products Partners L Energy 20,485.0 $657K 0.42% NEW $32.06 +23.1%
72 PEP PepsiCo Inc Consumer Defensive 4,554.0 $654K 0.42% NEW $143.52 +3.7%
73 MGM MGM Resorts International Consumer Cyclical 16,641.0 $607K 0.39% NEW $36.49 +3.2%
74 PAA Plains All American Pipeline L Energy 32,800.0 $589K 0.38% NEW $17.96 +31.8%
75 WSFS WSFS Financial Corp Financial Services 10,638.0 $588K 0.38% NEW $55.24 +30.0%
76 PNFP Pinnacle Financial Partners In Financial Services 5,915.0 $564K 0.36% NEW $95.41 +1.4%
77 V Visa Inc Cl A Financial Services 1,580.0 $554K 0.36% NEW $350.71 -5.7%
78 JNJ Johnson & Johnson Healthcare 2,674.0 $553K 0.36% NEW $206.95 +12.0%
79 CL Colgate Palmolive Co Consumer Defensive 6,997.0 $553K 0.35% NEW $79.02 +14.5%
80 HD Home Depot Inc Consumer Cyclical 1,500.0 $516K 0.33% NEW $344.10 -8.8%
Page 4 of 6  ·  113 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 43.5%
Industrials 12.8%
Healthcare 11.5%
Energy 11.0%
Consumer Cyclical 10.2%
Communication Services 3.1%
Technology 2.8%
Consumer Defensive 1.8%
Real Estate 1.4%
Utilities 1.0%