A Look at Cutler Capital Management's Q3 vs. Q4 2022 13F Holdings

Cutler Capital Management, LLC recently released its Q3 and Q4 2022 13F Holdings, revealing changes in their portfolio over the two quarters. The portfolio, which includes 45 stocks, saw an increase of 7.3% in its total value, rising from $71.4 million in Q3 to $76.6 million in Q4. In this article, we will take a closer look at the changes in holdings and what they could mean for Cutler Capital Management's investment strategy.

One of the most significant holdings in Cutler Capital Management's portfolio is MetLife (MET), a provider of insurance, annuities, and employee benefits. While the company's shares remained relatively stable between the third and fourth quarters, with a slight decrease of 0.2%, the value of Cutler Capital Management's shares in MET increased by over 1,000%. This increase in value can be attributed to a significant increase in the company's earnings in Q3, which beat expert projections.

Another notable holding in the portfolio is Merck (MRK), a global healthcare company. Cutler Capital Management's shares in Merck decreased by roughly 2% between Q3 and Q4, reflecting a broader trend in the pharmaceutical sector. However, despite the decrease in shares, the value of Cutler Capital Management's holdings in Merck still increased by 26% between the two quarters, indicating that the company remains optimistic about the potential for growth in the industry.

Cutler Capital Management's largest position change was in Global Medical REIT (GMRE), a real estate investment trust (REIT) specializing in healthcare-related properties. Cutler Capital Management increased its holdings by more than 45% between Q3 and Q4, indicating that the company has high confidence in the ongoing growth of the healthcare real estate sector. This comes at a time when the healthcare industry is experiencing a period of growth due to increased demand for healthcare services and facilities.

Additionally, Cutler Capital Management increased its holdings in Chesapeake Financial Shares (CPKF), a bank holding company, by roughly 21% between the two quarters. While the company's shares declined by 15.5%, Cutler Capital Management's holdings still saw an increase in value of over 6%. This suggests that the company believes that the recent dip in stock price is a temporary setback and that the long-term potential for growth remains.

Cutler Capital Management's portfolio also includes stocks in industries like energy, pharmaceuticals, and finance. The addition of First National Bank Alaska (FBAK) and Eagle Bancorp Montana, Inc. (EBMT) to its portfolio indicates a continued focus on financial holdings, while a decrease in shares of Energy Transfer MLP (ET) demonstrates a shift away from energy-related stocks.

In conclusion, Cutler Capital Management's Q3 vs. Q4 2022 13F Holdings reflect a continued commitment to investing in companies in sectors that are primed for growth. While there were some decreases in the value of holdings and shares, Cutler Capital Management overall saw an increase in its portfolio's value. This suggests that the firm remains confident in its investment strategy and its ability to navigate the ups and downs of the stock market.