Latest Sippican Capital Advisors Stock Portfolio

Sippican Capital Advisors Performance:

2025 Q4: 2.8%YTD: 11.71%2024: 13.69%

Performance for 2025 Q4 is 2.8%, and YTD is 11.71%, and 2024 is 13.69%.

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 $155.6 Millions as of 31 Dec, 2025.

The top stock holdings of Sippican Capital Advisors are TBBK, GE, TBK. The fund has invested 6.7% of it's portfolio in BANCORP INC and 3.1% of portfolio in GE AEROSPACE.

The fund managers got completely rid off VERITEX HOLDINGS INC (VBTX), GE HEALTHCARE TECHNOLOGIES INC and VULCAN MATERIALS CO (VMC) stocks. They significantly reduced their stock positions in DAVITA INC (DVA), MIDWESTONE FINANCIAL GROUP INC (MOFG) and CITIGROUP INC (C). Sippican Capital Advisors opened new stock positions in TOTAL SA ACT, INVESCO EXCHANGE TRADED FD TR (CSD) and BLEND LABORATORIES INC CL A (BLND). The fund showed a lot of confidence in some stocks as they added substantially to AMAZON.COM INC (AMZN), EAGLE BANCORP INC MD (EGBN) and CIPHER MINING INC (CIFR).

Sippican Capital Advisors Annual Return Estimates Vs S&P 500

Our best estimate is that Sippican Capital Advisors made a return of 2.8% in the last quarter. In trailing 12 months, it's portfolio return was 11.71%.

Performance
S&P 500

New Buys

Ticker	$ Bought
total sa act	264,820
invesco exchange traded fd tr	206,105
blend laboratories inc cl a	54,720
strive inc cl a	10,701

New stocks bought by Sippican Capital Advisors

Additions

Ticker	% Inc.
amazon.com inc	308
eagle bancorp inc md	161
cipher mining inc	151
alpha architect 1-3 month box	119
terawulf inc	112
flagstar financial inc com new	100
iren limited	59.16
wsfs financial corp	53.22

Additions to existing portfolio by Sippican Capital Advisors

Reductions

Ticker	% Reduced
davita inc	-66.58
midwestone financial group inc	-60.83
citigroup inc	-48.82
microsoft corp	-43.89
pinnacle financial partners in	-35.81
mgm resorts international	-32.83
lakeland financial corp	-27.47
johnson & johnson	-21.93

Sippican Capital Advisors reduced stake in above stock

Sold off

Ticker	$ Sold
veritex holdings inc	-893,742
ge healthcare technologies inc	-697,603
central securities corp	-308,220
total sa sp ads	-241,625
vulcan materials co	-421,439

Sippican Capital Advisors got rid off the above stocks

Sector Distribution

Sippican Capital Advisors has about 37.7% of it's holdings in Financial Services sector.

Sector	%
Financial Services	37.7
Industrials	11.2
Healthcare	10.2
Others	10.1
Energy	9.8
Consumer Cyclical	9.1
	2.9
Communication Services	2.8
Technology	2.5
Consumer Defensive	1.6
Real Estate	1.2

Market Cap. Distribution

Sippican Capital Advisors has about 53% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	33.6
MEGA-CAP	19.4
MID-CAP	18.9
SMALL-CAP	16.5
UNALLOCATED	10.1
MICRO-CAP	1.5

Stocks belong to which Index?

About 78.6% of the stocks held by Sippican Capital Advisors either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	52.4
RUSSELL 2000	26.2
Others	21.4

Top 5 Winners (%)		%
LLY	lilly eli & co	39.8 %
GOOG	alphabet inc cap stock cl c	28.8 %
GOOG	alphabet inc cap stock cl a	28.8 %
MOFG	midwestone financial group inc	25.1 %
MRK	merck & co inc	25.1 %

Top 5 Winners ($)		$
LLY	lilly eli & co	1.0 M
TBK	triumph financial inc	0.9 M
GOOG	alphabet inc cap stock cl c	0.7 M
BMY	bristol-myers squibb co	0.5 M
MRK	merck & co inc	0.5 M

Top 5 Losers (%)		%
ORCL	oracle corp	-28.7 %
SM	sm energy co	-25.1 %
IRM	iron mountain inc	-18.5 %
LEN	lennar corp cl a	-18.4 %
	iren limited	-16.5 %

Top 5 Losers ($)		$
TBBK	bancorp inc	-1.1 M
ORCL	oracle corp	-0.6 M
IRM	iron mountain inc	-0.4 M
LEN	lennar corp cl a	-0.4 M
NVR	nvr inc	-0.4 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 28.4% of the portfolio is in top 10 stocks. TBBK proved to be the most loss making stock for the portfolio. LLY was the most profitable stock for Sippican Capital Advisors last quarter.

Last Reported on: 23 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.16	6,658	1,810,040	reduced	-9.82

ABBV	abbvie inc	1.98	13,459	3,075,250	reduced	-3.42

ABT	abbott laboratories	0.28	3,425	429,118	reduced	-4.6

ALRS	alerus financial corp	1.65	113,841	2,563,700	added	1.77

AMZN	amazon.com inc	0.84	5,633	1,300,210	added	308

AXP	american express co	0.48	2,014	745,079	reduced	-18.92

BA	boeing co	0.44	3,172	688,705	reduced	-8.06

BAC	bank america corp	0.89	25,229	1,387,600	added	1.5

BANC	banc of california inc	1.54	124,595	2,403,440	reduced	-1.97

BANR	banner corp	0.50	12,360	774,478	reduced	-0.9

BLND	blend laboratories inc cl a	0.04	18,000	54,720	new

BMY	bristol-myers squibb co	2.15	62,052	3,347,080	added	6.89

BOB	alpha architect 1-3 month box	2.86	38,628	4,446,080	added	119

BWB	bridgewater bancshares inc acc	1.10	97,310	1,705,840	unchanged	0.00

BX	blackstone group inc cl a	0.72	7,219	1,112,740	unchanged	0.00

C	citigroup inc	1.07	14,237	1,661,320	reduced	-48.82

CASH	pathward financial inc	0.99	21,640	1,536,440	added	0.79

CAT	caterpillar inc	0.92	2,500	1,432,180	unchanged	0.00

CB	chubb limited	0.71	3,525	1,100,220	reduced	-1.12

CF	cf industries holdings inc	0.77	15,405	1,191,420	added	1.95