Sippican Capital Advisors
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| BANCORP INC DEL | TBBK | $9.1M | 146,021 | +0.13pp | 31q | -1.5%-$137.8K | |
| GE AEROSPACE | GE | $5.5M | 14,782 | +0.47pp | 20q | -1.1%-$62.4K | |
| TRIUMPH FINANCIAL INC | TFIN | $5.4M | 70,198 | +0.39pp | 20q | HELD | |
| ALPHABET INC | GOOG | $3.7M | 10,475 | +0.21pp | 30q | +0.5%+$19.4K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $3.5M | 60,689 | -0.39pp | 31q | HELD | |
| ALERUS FINL CORP | ALRS | $3.5M | 111,891 | +0.29pp | 12q | -1.1%-$38.9K | |
| NVR INC | NVR | $3.3M | 488 | -0.17pp | 31q | HELD | |
| ELI LILLY & CO | LLY | $3.3M | 2,769 | +0.25pp | 31q | -1.9%-$66.0K | |
| COLUMBIA BKG SYS INC | COLB | $3.3M | 103,527 | +0.04pp | 11q | -2.1%-$71.3K | |
| ABBVIE INC | ABBV | $3.3M | 12,947 | +0.05pp | 31q | -0.6%-$18.9K | |
| CUSTOMERS BANCORP INC | CUBI | $3.1M | 39,754 | +0.03pp | 9q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $3.1M | 22,987 | -0.94pp | 31q | -6.6%-$220.5K | |
| EAGLE BANCORPORATION INC | EGBN | $3.1M | 110,517 | +0.08pp | 5q | +2.8%+$85.2K | |
| 3M CO | MMM | $3.0M | 18,652 | -0.01pp | 19q | HELD | |
| FIDELITY 500 INDEX | $2.9M | 10,959 | +0.11pp | 24q | +4.3%+$117.3K | ||
| MERCK & CO INC | MRK | $2.8M | 22,030 | -0.09pp | 31q | HELD | |
| AMAZON COM INC | AMZN | $2.8M | 11,826 | +0.22pp | 11q | +12.3%+$307.9K | |
| CHEVRON CORPORATION | CVX | $2.8M | 16,988 | -0.79pp | 31q | -4.1%-$120.5K | |
| GOODYEAR TIRE & RUBR CO | GT | $2.8M | 421,755 | +0.17pp | 7q | +25.6%+$567.4K | |
| ORACLE CORP | ORCL | $2.8M | 18,842 | -0.04pp | 22q | +10.1%+$253.7K | |
| METROPOLITAN BK HLDG CORP | MCB | $2.7M | 27,676 | +0.08pp | 9q | -0.5%-$14.8K | |
| IRON MTN INC DEL | IRM | $2.6M | 20,602 | flat | 24q | -9.4%-$268.4K | |
| FLAGSTAR BANK NATIONAL ASSOC | FLG | $2.6M | 173,565 | +0.07pp | 4q | +3.5%+$88.9K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $2.5M | 9,023 | +1.38pp | 5q | +768.4%+$2.2M | |
| BANC OF CALIFORNIA INC | BANC | $2.5M | 121,370 | +0.05pp | 30q | HELD | |
| PFIZER INC | PFE | $2.5M | 102,177 | -0.41pp | 31q | +3.0%+$70.9K | |
| CATERPILLAR INC | CAT | $2.3M | 2,200 | +0.36pp | 31q | HELD | |
| RTX CORPORATION | RTX | $2.3M | 12,215 | -0.20pp | 22q | HELD | |
| IREN LIMITED | IREN | $2.2M | 48,945 | +0.21pp | 8q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $2.2M | 4,410 | -0.11pp | 31q | HELD | |
| JPMORGAN CHASE & CO | JPM | $2.0M | 6,230 | -0.01pp | 31q | HELD | |
| BRIDGEWATER BANCSHARES INC | BWB | $2.0M | 96,685 | +0.07pp | 11q | HELD | |
| ONEMAIN HLDGS INC | OMF | $2.0M | 32,856 | +0.02pp | 31q | HELD | |
| GE VERNOVA INC | GEV | $1.9M | 1,654 | +0.11pp | 9q | -7.8%-$164.5K | |
| TERAWULF INC | WULF | $1.9M | 75,345 | +0.35pp | 9q | -4.8%-$94.0K | |
| V F CORP | VFC | $1.8M | 108,675 | -0.13pp | 14q | +1.9%+$32.9K | |
| PATHWARD FINANCIAL INC | CASH | $1.8M | 20,135 | -0.16pp | 31q | HELD | |
| APPLE INC | AAPL | $1.7M | 6,008 | +0.02pp | 31q | HELD | |
| LENNAR CORP | LEN | $1.7M | 18,802 | +0.05pp | 31q | +12.9%+$193.8K | |
| CIPHER DIGITAL INC | CIFR | $1.7M | 69,200 | +0.41pp | 8q | -2.0%-$34.3K | |
| MERITAGE HOMES CORP | MTH | $1.6M | 19,344 | +0.65pp | 2q | +138.6%+$942.2K | |
| FIRST WESTN FINL INC | MYFW | $1.5M | 46,475 | +0.13pp | 8q | HELD | |
| DIAMONDBACK ENERGY INC | FANG | $1.5M | 8,453 | -0.50pp | 30q | -18.6%-$340.3K | |
| KINDER MORGAN INC DEL | KMI | $1.5M | 46,269 | -0.19pp | 24q | -2.6%-$39.2K | |
| QCR HLDGS INC | QCRH | $1.5M | 14,955 | +0.01pp | 12q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $1.4M | 2,837 | -0.29pp | 21q | HELD | |
| EOG RES INC | EOG | $1.4M | 11,080 | -0.44pp | 31q | -16.8%-$289.3K | |
| DEVON ENERGY CORP NEW | DVN | $1.4M | 34,703 | - | new | NEW | |
| DEERE & CO | DE | $1.4M | 2,230 | flat | 31q | HELD | |
| T. ROWE PRICE GROWTH STO | $1.3M | 11,715 | +0.01pp | 5q | -2.5%-$33.7K | ||
| CITIGROUP INC | C | $1.3M | 9,215 | -0.06pp | 24q | -15.1%-$229.7K | |
| STOCK YDS BANCORP INC | SYBT | $1.2M | 15,639 | +0.01pp | 9q | -1.4%-$16.4K | |
| CHUBB LIMITED | CB | $1.2M | 3,450 | -0.05pp | 31q | HELD | |
| MORGAN STANLEY | MS | $1.2M | 5,593 | +0.08pp | 22q | HELD | |
| MVB FINL CORP | MVBF | $1.2M | 39,918 | +0.03pp | 10q | HELD | |
| GENERAL DYNAMICS CORP | GD | $1.1M | 2,967 | -0.06pp | 22q | HELD | |
| ENBRIDGE INC | ENB | $958.2K | 17,676 | -0.07pp | 31q | HELD | |
| EASTERN BANKSHARES INC | EBC | $929.8K | 41,806 | +0.01pp | 8q | HELD | |
| NETFLIX INC | NFLX | $923.1K | 12,929 | - | new | NEW | |
| WSFS FINL CORP | WSFS | $850.9K | 11,089 | +0.02pp | 4q | HELD | |
| BLACKSTONE INC | BX | $850.3K | 7,226 | -0.05pp | 29q | HELD | |
| BANK OF AMER CORP | BAC | $829.6K | 14,560 | -0.02pp | 31q | -7.8%-$69.8K | |
| BUILDERS FIRSTSOURCE INC | BLDR | $802.2K | 8,965 | - | new | NEW | |
| ENTERPRISE PRODS PARTNERS L | EPD | $766.8K | 20,860 | -0.07pp | 31q | HELD | |
| DRAFTKINGS INC NEW | DKNG | $761.6K | 30,149 | +0.02pp | 17q | HELD | |
| PLAINS ALL AMERN PIPELINE L | PAA | $729.0K | 32,750 | -0.06pp | 31q | HELD | |
| BANNER CORP | BANR | $706.9K | 10,640 | -0.07pp | 31q | -11.0%-$87.4K | |
| DISNEY WALT CO | DIS | $683.0K | 7,096 | -0.03pp | 31q | +4.1%+$27.0K | |
| AMERICAN EXPRESS CO | AXP | $681.2K | 2,014 | flat | 31q | HELD | |
| JOHNSON & JOHNSON | JNJ | $661.3K | 2,604 | -0.03pp | 31q | HELD | |
| BOEING CO | BA | $636.2K | 2,939 | -0.01pp | 31q | HELD | |
| COLGATE PALMOLIVE CO | CL | $614.0K | 6,697 | -0.02pp | 31q | HELD | |
| PEPSICO INC | PEP | $608.5K | 4,494 | -0.11pp | 31q | HELD | |
| WELLS FARGO & CO | WFC | $580.1K | 7,020 | -0.04pp | 31q | -2.0%-$12.0K | |
| NICOLET BANKSHARES INC | NIC | $579.2K | 3,502 | -0.03pp | 2q | -6.0%-$37.2K | |
| VISA INC | V | $542.1K | 1,580 | flat | 31q | HELD | |
| STAR BULK CARRIERS CORP. | SBLK | $540.0K | 21,627 | -0.01pp | 31q | HELD | |
| MGM RESORTS INTERNATIONAL | MGM | $537.1K | 11,235 | -0.08pp | 23q | -29.9%-$228.6K | |
| HOME DEPOT INC | HD | $511.4K | 1,450 | -0.01pp | 31q | HELD | |
| SM ENERGY COMPANY | SM | $489.0K | 18,735 | -0.14pp | 31q | -9.8%-$52.9K | |
| MICROSOFT CORP | MSFT | $453.2K | 1,215 | +0.02pp | 13q | +19.4%+$73.5K | |
| BROWN FORMAN CORP | BFB | $450.3K | 16,895 | -0.03pp | 31q | +0.9%+$4.0K | |
| COCA COLA CO | KO | $436.7K | 5,373 | -0.01pp | 31q | HELD | |
| ONEOK INC NEW | OKE | $404.5K | 4,653 | -0.04pp | 11q | +1.3%+$5.2K | |
| ALPHABET INC | GOOGL | $396.7K | 1,110 | +0.02pp | 4q | HELD | |
| VANGUARD 500 INDEX ADMIRAL | $385.6K | 557 | +0.01pp | 5q | HELD | ||
| CF INDUSTRIES HOLD | CF | $374.6K | 3,460 | -0.36pp | 31q | -47.5%-$339.1K | |
| TRAVELERS COMPANIES INC | TRV | $363.1K | 1,100 | flat | 11q | -2.2%-$8.3K | |
| CINCINNATI FINL CORP | CINF | $351.8K | 1,900 | +0.01pp | 31q | HELD | |
| ZIONS BANCORPORATION NATL AS | ZION | $349.4K | 5,050 | +0.01pp | 11q | HELD | |
| HERSHEY CO | HSY | $324.6K | 1,850 | -0.07pp | 31q | HELD | |
| UNION PAC CORP | UNP | $319.3K | 1,174 | flat | 25q | HELD | |
| ABBOTT LABORATORIES | ABT | $310.8K | 3,425 | -0.05pp | 31q | HELD | |
| BROWN FORMAN CORP | BFA | $308.9K | 11,292 | -0.02pp | 31q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $295.9K | 1,391 | +0.01pp | 3q | +6.7%+$18.5K | |
| US BANCORP | USB | $293.4K | 4,857 | +0.01pp | 8q | HELD | |
| EQUITY BANCSHARES INC | EQBK | $287.3K | 5,865 | -0.63pp | 9q | -77.9%-$1.0M | |
| TOTALENERGIES SE | TTE | $283.7K | 3,648 | -0.05pp | 3q | HELD | |
| TAYLOR MORRISON HOME CORP | TMHC | $251.1K | 3,500 | +0.01pp | 8q | HELD | |
| ILLINOIS TOOL WKS INC | ITW | $250.2K | 925 | -0.01pp | 15q | HELD | |
| WESTERN ALLIANCE BANCORP | WAL | $245.4K | 2,985 | -0.38pp | 31q | -72.9%-$660.5K | |
| TEXTRON INC | TXT | $229.3K | 2,500 | -0.01pp | 5q | HELD | |
| GENERAL MILLS INC | GIS | $219.2K | 6,300 | -0.03pp | 31q | HELD | |
| PROCTER & GAMBLE CO | PG | $215.0K | 1,466 | -0.02pp | 30q | -6.4%-$14.7K | |
| CSX CORP | CSX | $212.7K | 4,475 | - | new | NEW | |
| CONOCOPHILLIPS | COP | $209.3K | 2,013 | -0.09pp | 22q | -17.6%-$44.7K | |
| ARCOSA INC | ACA | $203.3K | 1,399 | - | new | NEW | |
| MILLROSE PPTYS INC | MRP | $202.7K | 6,745 | -0.04pp | 6q | -19.8%-$50.1K | |
| VULCAN MATLS CO | VMC | $202.1K | 685 | - | new | NEW | |
| PINNACLE FINL PARTNERS INC | PNFP | $200.8K | 1,990 | - | new | NEW | |
| CLEANSPARK INC | CLSK | $155.0K | 10,650 | +0.03pp | 2q | -7.8%-$13.1K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $62.3M | 38.0% |
| Biotech & Pharma | $16.3M | 10.0% |
| Energy | $10.8M | 6.6% |
| Semiconductors & Electronics | $7.5M | 4.6% |
| Software & IT Services | $7.3M | 4.5% |
| Construction & Building | $6.6M | 4.1% |
| Retail & Consumer | $5.9M | 3.6% |
| Autos & Aerospace | $5.7M | 3.5% |
| Computer Hardware | $4.3M | 2.6% |
| Industrials | $4.2M | 2.6% |
| Insurance | $4.1M | 2.5% |
| Chemicals | $4.0M | 2.4% |
| Other sectors | $16.6M | 10.1% |
| Not classified | $8.3M | 5.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $163.9M | 111 | 7 | 17 | 33 | 3 | 26.8% | 22 |
| Q1 2026 | $146.1M | 107 | 3 | 20 | 58 | 9 | 27.3% | 23 |
| Q4 2025 | $155.6M | 113 | 4 | 29 | 46 | 5 | 28.4% | 23 |
| Q3 2025 | $151.3M | 114 | 3 | 24 | 33 | 1 | 27.7% | 27 |
| Q2 2025 | $137.7M | 112 | 6 | 26 | 17 | 3 | 26.5% | 25 |
| Q1 2025 | $132.7M | 109 | 1 | 28 | 32 | 4 | 27.6% | 28 |
| Q4 2024 | $137.3M | 112 | 4 | 20 | 33 | 5 | 26.8% | 23 |
| Q3 2024 | $143.3M | 113 | 8 | 26 | 26 | 8 | 27.5% | 28 |
| Q2 2024 | $126.4M | 113 | 8 | 24 | 24 | 9 | 26.3% | 37 |
| Q1 2024 | $128.6M | 114 | 5 | 20 | 62 | 8 | 25.8% | 32 |
| Q4 2023 | $127.5M | 117 | 15 | 47 | 23 | 7 | 25.2% | 30 |
| Q3 2023 | $110.7M | 109 | 8 | 38 | 27 | 1 | 25.4% | 24 |
| Q2 2023 | $108.4M | 102 | 6 | 22 | 40 | 4 | 25.9% | 46 |
| Q1 2023 | $104.6M | 100 | 5 | 24 | 30 | 4 | 25.7% | 105 |
| Q4 2022 | $104.5M | 99 | 5 | 15 | 44 | 5 | 26.5% | 26 |
| Q3 2022 | $95.9M | 99 | 2 | 26 | 29 | 4 | 24.6% | 17 |
| Q2 2022 | $100.8M | 101 | 1 | 22 | 44 | 10 | 24.1% | 19 |
| Q1 2022 | $120.5M | 110 | 6 | 22 | 55 | 4 | 23.6% | 20 |
| Q4 2021 | $117.7M | 108 | 4 | 22 | 49 | 8 | 24.3% | 19 |
| Q3 2021 | $115.4M | 112 | 5 | 25 | 51 | 7 | 23.2% | 20 |
| Q2 2021 | $115.0M | 114 | 3 | 18 | 40 | 1 | 23.0% | 22 |
| Q1 2021 | $108.2M | 112 | 10 | 22 | 50 | 4 | 23.9% | 15 |
| Q4 2020 | $92.2M | 106 | 7 | 24 | 57 | 6 | 24.2% | 21 |
| Q3 2020 | $80.4M | 105 | 13 | 48 | 32 | 6 | 24.3% | 23 |
| Q2 2020 | $74.2M | 98 | 7 | 40 | 39 | 3 | 25.2% | 15 |
| Q1 2020 | $61.4M | 94 | 2 | 39 | 37 | 14 | 26.7% | 16 |
| Q4 2019 | $89.9M | 106 | 3 | 31 | 39 | 1 | 25.5% | 21 |
| Q3 2019 | $82.7M | 104 | 2 | 32 | 49 | 4 | 25.5% | 17 |
| Q2 2019 | $84.9M | 106 | 3 | 28 | 51 | 7 | 25.4% | 17 |
| Q1 2019 | $84.1M | 110 | 10 | 43 | 39 | 3 | 25.9% | 17 |
| Q4 2018 | $74.0M | 103 | 0 | 0 | 0 | 0 | 28.4% | 16 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.