# CALDWELL SUTTER CAPITAL, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 702007. Source: https://holderbook.com/funds/702007-caldwell-sutter-capital-inc/

- Reported value: $265.2M
- Positions: 930
- Weight of the ten largest: 24.0%
- Filed: 2026-08-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $13.5M | 46,641 | 5.1% | 15 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $8.5M | 7,994 | 3.2% | 15 |
| PERMA-PIPE INTL HLDGS INC | [PPIH](https://holderbook.com/stocks/PPIH/) | $6.3M | 231,638 | 2.4% | 15 |
| PLUMAS BANCORP | [PLBC](https://holderbook.com/stocks/PLBC/) | $6.2M | 106,283 | 2.3% | 13 |
| KINETIK HOLDINGS INC | [KNTK](https://holderbook.com/stocks/KNTK/) | $5.7M | 117,726 | 2.1% | 15 |
| MSA SAFETY INC | [MSA](https://holderbook.com/stocks/MSA/) | $5.0M | 28,879 | 1.9% | 15 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $5.0M | 50,024 | 1.9% | 6 |
| SUMMIT ST BK SANTA ROSA CALI | [SSBI](https://holderbook.com/stocks/SSBI/) | $4.7M | 349,284 | 1.8% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.4M | 12,850 | 1.7% | 15 |
| DONEGAL GROUP INC | [DGICA](https://holderbook.com/stocks/DGICA/) | $4.3M | 226,439 | 1.6% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.1M | 8,096 | 1.5% | 15 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.6M | 4,770 | 1.3% | 14 |
| SENECA FOODS CORP NEW | [SENEA](https://holderbook.com/stocks/SENEA/) | $3.4M | 19,596 | 1.3% | 15 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.4M | 14,323 | 1.3% | 15 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.1M | 25,973 | 1.2% | 15 |
| PARKE BANCORP INC | [PKBK](https://holderbook.com/stocks/PKBK/) | $3.0M | 91,336 | 1.1% | 15 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.8M | 16,865 | 1.1% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.8M | 7,414 | 1.0% | 15 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.8M | 2,948 | 1.0% | 15 |
| BAYCOM CORP | [BCML](https://holderbook.com/stocks/BCML/) | $2.6M | 80,010 | 1.0% | 15 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $2.5M | 15,120 | 0.9% | 14 |
| FIRSTSUN CAP BANCORP | [FSUN](https://holderbook.com/stocks/FSUN/) | $2.4M | 60,912 | 0.9% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.3M | 7,167 | 0.9% | 15 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.3M | 8,292 | 0.9% | 15 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.2M | 5,982 | 0.8% | 14 |
| COMMUNITY WEST BANCSHARES NE | [CWBC](https://holderbook.com/stocks/CWBC/) | $2.1M | 78,625 | 0.8% | 9 |
| FIRST INTERNET BANCORP | [INBK](https://holderbook.com/stocks/INBK/) | $2.1M | 74,899 | 0.8% | 15 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $2.0M | 7,539 | 0.8% | 15 |
| KAYNE ANDERSON ENERGY INFRST | [KYN](https://holderbook.com/stocks/KYN/) | $2.0M | 141,106 | 0.7% | 15 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.9M | 5,739 | 0.7% | 14 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $1.9M | 13,755 | 0.7% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.8M | 3,189 | 0.7% | 15 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.8M | 6,602 | 0.7% | 14 |
| BANNER CORP | [BANR](https://holderbook.com/stocks/BANR/) | $1.7M | 26,074 | 0.7% | 14 |
| NEW ENGLAND RLTY ASSOC LTD P | [NEN](https://holderbook.com/stocks/NEN/) | $1.7M | 29,019 | 0.6% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.7M | 6,576 | 0.6% | 15 |
| MECHANICS BANCORP | [MCHB](https://holderbook.com/stocks/MCHB/) | $1.6M | 103,285 | 0.6% | 10 |
| ELECTRO-SENSORS INC | [ELSE](https://holderbook.com/stocks/ELSE/) | $1.6M | 212,600 | 0.6% | 15 |
| INTERGROUP CORP | [INTG](https://holderbook.com/stocks/INTG/) | $1.6M | 32,889 | 0.6% | 15 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.6M | 11,518 | 0.6% | 15 |
| AMERICAN RLTY INVS INC | [ARL](https://holderbook.com/stocks/ARL/) | $1.5M | 69,222 | 0.6% | 15 |
| WILEY JOHN & SONS INC | [WLY](https://holderbook.com/stocks/WLY/) | $1.5M | 31,535 | 0.6% | 15 |
| CENTRAL SECS CORP | [CET](https://holderbook.com/stocks/CET/) | $1.5M | 28,121 | 0.6% | 15 |
| BARINGS CORPORATE INVS | [MCI](https://holderbook.com/stocks/MCI/) | $1.5M | 83,984 | 0.6% | 15 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.5M | 10,443 | 0.5% | 15 |
| GOLD COM INC | [GOLD](https://holderbook.com/stocks/GOLD/) | $1.4M | 34,767 | 0.5% | 15 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.4M | 56,959 | 0.5% | 15 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $1.3M | 26,526 | 0.5% | 13 |
| SMARTFINANCIAL INC | [SMBK](https://holderbook.com/stocks/SMBK/) | $1.3M | 28,431 | 0.5% | 15 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.3M | 5,152 | 0.5% | 15 |
| NORTHRIM BANCORP INC | [NRIM](https://holderbook.com/stocks/NRIM/) | $1.3M | 46,204 | 0.5% | 15 |
| AMREP CORP | [AXR](https://holderbook.com/stocks/AXR/) | $1.2M | 49,472 | 0.5% | 15 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.2M | 14,435 | 0.5% | 15 |
| UMH PPTYS INC | [UMH](https://holderbook.com/stocks/UMH/) | $1.2M | 81,923 | 0.5% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.2M | 3,390 | 0.5% | 15 |
| NATURAL ALTERNATIVES INTL IN | [NAII](https://holderbook.com/stocks/NAII/) | $1.2M | 498,220 | 0.4% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.2M | 9,164 | 0.4% | 15 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.2M | 20,609 | 0.4% | 15 |
| INVESTORS TITLE CO NC | [ITIC](https://holderbook.com/stocks/ITIC/) | $1.2M | 4,265 | 0.4% | 14 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.2M | 3,281 | 0.4% | 15 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $1.1M | 6,271 | 0.4% | 9 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.1M | 25,498 | 0.4% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1M | 3,054 | 0.4% | 15 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $1.0M | 7,164 | 0.4% | 13 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $1.0M | 11,214 | 0.4% | 14 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.0M | 3,706 | 0.4% | 15 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $987.9K | 18,224 | 0.4% | 15 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $987.2K | 11,393 | 0.4% | 13 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $983.3K | 4,512 | 0.4% | 14 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $938.9K | 17,679 | 0.4% | 15 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $929.5K | 7,357 | 0.4% | 15 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $912.4K | 8,056 | 0.3% | 15 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $896.2K | 11,125 | 0.3% | 1 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $886.8K | 3,979 | 0.3% | 14 |
| CAPITAL SOUTHWEST CORP | [CSWC](https://holderbook.com/stocks/CSWC/) | $870.4K | 36,618 | 0.3% | 15 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $840.4K | 3,220 | 0.3% | 9 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $838.0K | 3,692 | 0.3% | 15 |
| OLD NATL BANCORP IND | [ONB](https://holderbook.com/stocks/ONB/) | $829.1K | 32,012 | 0.3% | 15 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $822.3K | 7,649 | 0.3% | 15 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $801.3K | 4,336 | 0.3% | 15 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $798.8K | 9,829 | 0.3% | 15 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $783.8K | 37,863 | 0.3% | 15 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $783.5K | 1,538 | 0.3% | 14 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $779.9K | 3,603 | 0.3% | 15 |
| BLACK STONE MINERALS L P | [BSM](https://holderbook.com/stocks/BSM/) | $775.2K | 55,490 | 0.3% | 15 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $768.1K | 6,068 | 0.3% | 14 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $753.1K | 1,738 | 0.3% | 8 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $749.9K | 4,176 | 0.3% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.3% | 15 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $741.1K | 2,488 | 0.3% | 15 |
| BARINGS PARTN INVS | [MPV](https://holderbook.com/stocks/MPV/) | $736.8K | 43,755 | 0.3% | 15 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $735.9K | 8,464 | 0.3% | 15 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $735.7K | 9,897 | 0.3% | 14 |
| CALUMET INC | [CLMT](https://holderbook.com/stocks/CLMT/) | $720.4K | 20,000 | 0.3% | 8 |
| INGLES MKTS INC | [IMKTA](https://holderbook.com/stocks/IMKTA/) | $719.3K | 8,120 | 0.3% | 9 |
| NI HLDGS INC | [NODK](https://holderbook.com/stocks/NODK/) | $698.6K | 44,469 | 0.3% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $670.4K | 4,572 | 0.3% | 15 |
| FS BANCORP INC | [FSBW](https://holderbook.com/stocks/FSBW/) | $657.2K | 15,142 | 0.2% | 15 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $656.5K | 10,870 | 0.2% | 15 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $650.0K | 3,593 | 0.2% | 15 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.5% | +14.8% | -5.3% | 100% |
| Q1 2026 | +2.7% | -4.6% | +7.4% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 99% |
| Q3 2025 | +4.9% | +7.8% | -2.9% | 99% |
| Q2 2025 | +4.6% | +10.5% | -5.8% | 99% |
| Q1 2025 | -2.0% | -4.6% | +2.5% | 99% |
| Q4 2024 | -0.2% | +2.1% | -2.4% | 99% |
| Q3 2024 | +8.7% | +5.4% | +3.2% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $265.2M | 930 |
| Q1 2026 | $245.9M | 890 |
| Q4 2025 | $235.9M | 875 |
| Q3 2025 | $234.1M | 869 |
| Q2 2025 | $218.4M | 855 |
| Q1 2025 | $210.2M | 887 |
| Q4 2024 | $214.9M | 897 |
| Q3 2024 | $214.6M | 907 |
| Q2 2024 | $202.1M | 920 |
| Q1 2024 | $207.8M | 917 |
| Q4 2023 | $196.8M | 953 |
| Q3 2023 | $180.7M | 887 |