Cutler Capital Management 13F annual report
Cutler Capital Management is an investment fund managing more than $218 billion ran by Geoffrey Dancey. There are currently 88 companies in Mr. Dancey’s portfolio. The largest investments include MetLife and Agnico-eagle, together worth $21.8 billion.
$218 billion Assets Under Management (AUM)
As of 7th August 2024, Cutler Capital Management’s top holding is 171,868 shares of MetLife currently worth over $12.1 billion and making up 5.5% of the portfolio value.
Relative to the number of outstanding shares of MetLife, Cutler Capital Management owns less than approximately 0.1% of the company.
In addition, the fund holds 148,869 shares of Agnico-eagle worth $9.74 billion.
The third-largest holding is Bunge Limited worth $8.6 billion and the next is Timberland Banc worth $8.14 billion, with 300,563 shares owned.
Currently, Cutler Capital Management's portfolio is worth at least $218 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Cutler Capital Management
The Cutler Capital Management office and employees reside in Worcester, Massachusetts. According to the last 13-F report filed with the SEC, Geoffrey Dancey serves as the Managing Partner at Cutler Capital Management.
Recent trades
In the most recent 13F filing, Cutler Capital Management revealed that it had opened a new position in
Kimco Realty and bought 92,265 shares worth $5.03 billion.
This means they effectively own approximately 0.1% of the company.
Kimco Realty makes up
100.0%
of the fund's Real Estate sector allocation and has grown its share price by 8.2% in the past year.
The investment fund also strengthened its position in MetLife by buying
344 additional shares.
This makes their stake in MetLife total 171,868 shares worth $12.1 billion.
MetLife soared 1.2% in the past year.
On the other hand, there are companies that Cutler Capital Management is getting rid of from its portfolio.
Cutler Capital Management closed its position in RPT Realty on 14th August 2024.
It sold the previously owned 87,231 shares for $4.98 billion.
Geoffrey Dancey also disclosed a decreased stake in Merckco Inc by approximately 0.1%.
This leaves the value of the investment at $7.65 billion and 61,801 shares.
One of the smallest hedge funds
The two most similar investment funds to Cutler Capital Management are Goodwin Investment Advisory and Georgetown University. They manage $218 billion and $218 billion respectively.
Geoffrey Dancey investment strategy
Cutler Capital Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Finance — making up 10.0% of
the total portfolio value.
The fund focuses on investments in the United States as
19.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
13% of the total holdings value.
On the other hand, small-cap stocks make up only 1.1% of the portfolio.
The average market cap of the portfolio companies is close to $215 billion.
The complete list of Cutler Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| MetLife, Inc. |
0.20%
171,868
|
$12,063,404,000 | 5.54% |
| Agnico-eagle |
2.63%
148,869
|
$9,736,018,000 | 4.47% |
| Bunge Limited |
1.37%
80,555
|
$8,600,838,000 | 3.95% |
| Timberland Banc |
2.99%
300,563
|
$8,142,257,000 | 3.74% |
| Shell Plc |
1.32%
108,861
|
$7,857,610,000 | 3.61% |
| Merckco Inc |
5.62%
61,801
|
$7,650,931,000 | 3.51% |
| Energy Transfer |
3.60%
457,077
|
$7,413,785,000 | 3.40% |
| Exchange Bank |
0.27%
76,254
|
$7,225,067,000 | 3.32% |
| Pfizer Inc. |
5.56%
237,144
|
$6,635,300,000 | 3.05% |
| Fidelity Cvngtn |
5.59%
244,266
|
$6,128,626,000 | 2.81% |
| First Business |
0.65%
153,499
|
$5,677,921,000 | 2.61% |
| Sb Financial |
0.77%
403,376
|
$5,647,259,000 | 2.59% |
| Parke Bancorp Inc |
0.55%
309,519
|
$5,385,633,000 | 2.47% |
| Viatris Inc. |
2.45%
473,807
|
$5,036,566,000 | 2.31% |
| Kimco Realty Corporation |
Opened
92,265
|
$5,034,901,000 | 2.31% |
| RPT Realty |
Closed
87,231
|
$4,983,507,000 | |
| Ledyard Finan |
0.69%
328,996
|
$4,553,305,000 | 2.09% |
| Vici Prpty |
23.49%
155,233
|
$4,445,887,000 | 2.04% |
| Weyerhaeuser Co. |
0.76%
151,644
|
$4,305,165,000 | 1.98% |
| Global Medical |
5.36%
435,903
|
$3,957,999,000 | 1.82% |
| Benchmark Bank |
11.89%
160,000
|
$3,360,000,000 | 1.54% |
| Ny Comm Banc |
0.26%
104,295
|
$3,332,225,000 | 1.53% |
| Apple Hoptly |
66.44%
221,475
|
$3,220,249,000 | 1.48% |
| Alerus Finan |
0.95%
158,972
|
$3,117,431,000 | 1.43% |
| First Natl Va |
0.02%
202,785
|
$3,080,310,000 | 1.41% |
| Cmnty Wst Banc |
29.97%
164,445
|
$3,042,232,000 | 1.40% |
| Bank Botetourt |
1.09%
104,974
|
$2,997,008,000 | 1.38% |
| Chespke Finan |
No change
173,000
|
$2,929,928,000 | 1.34% |
| Cto Realty Grow |
21.94%
166,779
|
$2,911,967,000 | 1.34% |
| Potomac Banc |
4.72%
192,888
|
$2,845,098,000 | 1.31% |
| Sfl Corp Ltd |
0.45%
204,595
|
$2,839,782,000 | 1.30% |
| Verizon Comm |
9.69%
68,160
|
$2,810,901,000 | 1.29% |
| Albertsons Cos |
7.76%
135,764
|
$2,681,340,000 | 1.23% |
| Csb Bancorp |
0.72%
69,850
|
$2,654,300,000 | 1.22% |
| Energizer Hldng |
1.47%
83,906
|
$2,478,583,000 | 1.14% |
| Lxp Industrial |
1.47%
265,481
|
$2,421,187,000 | 1.11% |
| American Intl |
No change
32,500
|
$2,412,800,000 | 1.11% |
| Cnh Industrial |
Opened
236,665
|
$2,397,414,000 | 1.10% |
| Mainstreet Banc |
15.06%
126,870
|
$2,249,401,000 | 1.03% |
| Fm Bank Corp |
No change
133,914
|
$2,162,658,000 | 0.99% |
| Vgrd Sp 500 |
57.08%
3,836
|
$1,918,443,000 | 0.88% |
| Ameris Bancorp |
11.34%
37,359
|
$1,881,047,000 | 0.86% |
| Epr Prpty |
36.84%
97,145
|
$1,875,870,000 | 0.86% |
| Merchants Finl |
1.24%
73,200
|
$1,734,840,000 | 0.80% |
| Great Ajax Corp |
Closed
68,835
|
$1,691,964,000 | |
| Solvay Bank |
0.57%
72,780
|
$1,673,940,000 | 0.77% |
| Ve Wide Moat |
27.09%
18,724
|
$1,621,668,000 | 0.74% |
| Fsbh Corp |
10.70%
210,000
|
$1,617,000,000 | 0.74% |
| Tyson Foods, Inc. |
1.86%
27,401
|
$1,565,674,000 | 0.72% |
| FNCB Bancorp Inc |
0.41%
215,060
|
$1,451,658,000 | 0.67% |
| First Cmnty Sc |
No change
76,500
|
$1,319,625,000 | 0.61% |
| Att Inc |
0.83%
66,957
|
$1,279,552,000 | 0.59% |
| Mchenry Banc |
Opened
33,515
|
$1,206,540,000 | 0.55% |
| Bank Florida |
Closed
100,000
|
$1,200,000,000 | |
| Mchenry Bancorp |
Closed
32,515
|
$1,173,791,000 | |
| Intl Flavors |
57.15%
11,131
|
$1,059,775,000 | 0.49% |
| Eagle Bancorp |
0.69%
71,229
|
$945,205,000 | 0.43% |
| Banc California |
51.73%
72,450
|
$925,911,000 | 0.42% |
| Blue Ridge Bank |
434.15%
354,689
|
$925,740,000 | 0.42% |
| Ve Gold Miners |
14.03%
26,987
|
$915,671,000 | 0.42% |
| Invesco Muni |
No change
86,117
|
$884,425,000 | 0.41% |
| Financial Inst |
0.17%
45,725
|
$883,410,000 | 0.41% |
| Totalenergies |
Opened
11,582
|
$772,288,000 | 0.35% |
| Clarivate Plc |
Opened
128,850
|
$733,157,000 | 0.34% |
| Mountain Comm |
Closed
38,000
|
$703,000,000 | |
| Keycorp |
Closed
48,435
|
$697,473,000 | |
| Medical Prty |
Closed
141,954
|
$696,994,000 | |
| Franklin Financ |
1.52%
23,798
|
$673,020,000 | 0.31% |
| Western Opp Fund |
Opened
77,470
|
$659,274,000 | 0.30% |
| Abbvie Inc |
0.76%
3,786
|
$649,421,000 | 0.30% |
| Banc Of Calif |
0.79%
25,150
|
$578,953,000 | 0.27% |
| Berkshire Hatha |
No change
1,336
|
$543,485,000 | 0.25% |
| Microsoft Corporation |
12.36%
1,182
|
$528,246,000 | 0.24% |
| Hancock Whitney Corp. |
1.58%
10,898
|
$521,255,000 | 0.24% |
| Harbor Custom |
Closed
522,975
|
$496,826,000 | |
| Citizens Banc Va |
No change
18,650
|
$473,710,000 | 0.22% |
| Mt Bank Corp |
0.90%
3,034
|
$459,275,000 | 0.21% |
| SouthState Corporation |
1.23%
5,688
|
$434,639,000 | 0.20% |
| Is Sp Us Value |
4.85%
4,567
|
$402,490,000 | 0.18% |
| Albemarle Corp. |
Opened
8,225
|
$383,779,000 | 0.18% |
| Ft Nas Cmty Bnk |
7.81%
8,206
|
$377,387,000 | 0.17% |
| Spdr Sp 500 |
0.15%
659
|
$358,377,000 | 0.16% |
| Trp Capital |
Closed
9,841
|
$333,630,000 | |
| First Lng Islnd |
37.92%
29,617
|
$296,766,000 | 0.14% |
| Seacoast Bankin |
0.73%
10,826
|
$255,933,000 | 0.12% |
| Kroger Co Com |
0.24%
4,160
|
$207,692,000 | 0.10% |
| Amazon.com Inc. |
19.32%
1,050
|
$202,913,000 | 0.09% |
| Schwab Us Lg Val |
33.57%
2,436
|
$180,459,000 | 0.08% |
| TEGNA Inc |
Opened
12,899
|
$179,814,000 | 0.08% |
| Warner Bros |
Closed
12,637
|
$143,809,000 | |
| Alphabet Inc |
Opened
654
|
$119,126,000 | 0.05% |
| Grupo Telev-adr |
Opened
42,094
|
$116,600,000 | 0.05% |
| Schwab Intl Equi |
20.61%
3,000
|
$115,260,000 | 0.05% |
| Johnson Control |
Opened
1,648
|
$109,543,000 | 0.05% |
| Is Rus Mid Valu |
Opened
886
|
$106,976,000 | 0.05% |
| Intl Bus Machine |
Opened
611
|
$105,672,000 | 0.05% |
| Ve Glbl Wide Mt |
9.30%
2,925
|
$104,722,000 | 0.05% |
| Is Rus Mid |
Closed
886
|
$103,033,000 | |
| Jpmorgan Chase |
Opened
500
|
$101,130,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 99 holdings | |||
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