Sippican Capital Advisors 13FHR Quarterly holdings report by institutional manager | SEC 2 May 24

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Co	COM	88579y101	2,232,349	21,046	SH		SOLE		21,046	0	0
Abbott Laboratories	COM	002824100	456,345	4,015	SH		SOLE		4,015	0	0
AbbVie Inc	COM	00287y109	2,893,933	15,892	SH		SOLE		15,892	0	0
Adobe Inc	COM	00724f101	211,932	420	SH		SOLE		420	0	0
Alerus Financial Corp	COM	01446u103	1,471,124	67,390	SH		SOLE		67,390	0	0
Alphabet Inc Cap Stock Cl C	COM	02079k107	1,623,092	10,660	SH		SOLE		10,660	0	0
Amazon.com Inc	COM	023135106	248,924	1,380	SH		SOLE		1,380	0	0
American Express Co	COM	025816109	582,659	2,559	SH		SOLE		2,559	0	0
Apellis Pharmaceuticals Inc	COM	03753u106	936,307	15,929	SH		SOLE		15,929	0	0
Apple Inc	COM	037833100	1,275,125	7,436	SH		SOLE		7,436	0	0
Banc Of California Inc	COM	05990k106	1,695,687	111,485	SH		SOLE		111,485	0	0
Bancorp Inc	COM	05969a105	5,301,302	158,437	SH		SOLE		158,437	0	0
Bank America Corp	COM	060505104	1,001,278	26,405	SH		SOLE		26,405	0	0
Bank Hawaii Corp	COM	062540109	208,819	3,347	SH		SOLE		3,347	0	0
Banner Corp	COM	06652v208	599,376	12,487	SH		SOLE		12,487	0	0
Berkshire Hathaway Inc Cl B	COM	084670702	2,131,616	5,069	SH		SOLE		5,069	0	0
Blackstone Group Inc Cl A	COM	09260d107	973,977	7,414	SH		SOLE		7,414	0	0
Boeing Co	COM	097023105	1,124,167	5,825	SH		SOLE		5,825	0	0
Bridgewater Bancshares Inc Acc	COM	108621103	720,923	61,935	SH		SOLE		61,935	0	0
Bristol-Myers Squibb Co	COM	110122108	2,285,632	42,147	SH		SOLE		42,147	0	0
Brown Forman Corp Cl A	COM	115637100	562,011	10,614	SH		SOLE		10,614	0	0
Brown Forman Corp Cl B	COM	115637209	770,170	14,920	SH		SOLE		14,920	0	0
Cambridge Bancorp	COM	132152109	664,833	9,754	SH		SOLE		9,754	0	0
Caterpillar Inc	COM	149123101	916,075	2,500	SH		SOLE		2,500	0	0
Central Securities Corp	COM	155123102	250,620	6,000	SH		SOLE		6,000	0	0
CF Industries Holdings Inc	COM	125269100	1,138,063	13,677	SH		SOLE		13,677	0	0
Chevron Corp	COM	166764100	3,071,671	19,473	SH		SOLE		19,473	0	0
Chubb Limited	COM	h1467j104	931,572	3,595	SH		SOLE		3,595	0	0
Cincinnati Financial Corp	COM	172062101	257,032	2,070	SH		SOLE		2,070	0	0
Cisco Systems Inc	COM	17275r102	732,579	14,678	SH		SOLE		14,678	0	0
Citigroup Inc	COM	172967424	2,451,815	38,770	SH		SOLE		38,770	0	0
Coca-Cola Co	COM	191216100	330,311	5,399	SH		SOLE		5,399	0	0
Colgate Palmolive Co	COM	194162103	658,356	7,311	SH		SOLE		7,311	0	0
Columbia Banking Systems Inc	COM	197236102	1,681,205	86,884	SH		SOLE		86,884	0	0
ConocoPhillips	COM	20825c104	2,260,747	17,762	SH		SOLE		17,762	0	0
Coterra Energy Inc	COM	127097103	1,759,507	63,110	SH		SOLE		63,110	0	0
Danaher Corp	COM	235851102	234,987	941	SH		SOLE		941	0	0
Davita Inc	COM	23918k108	1,535,806	11,125	SH		SOLE		11,125	0	0
Deere & Co	COM	244199105	961,132	2,340	SH		SOLE		2,340	0	0
Diamondback Energy Inc	COM	25278x109	2,350,296	11,860	SH		SOLE		11,860	0	0
Disney Walt Co Disney	COM	254687106	986,589	8,063	SH		SOLE		8,063	0	0
Draftkings Inc Cl A	COM	26142v105	1,458,524	32,119	SH		SOLE		32,119	0	0
Eagle Bulk Shipping Inc	COM	y2187a150	324,532	5,195	SH		SOLE		5,195	0	0
Enbridge Inc	COM	29250n105	640,422	17,701	SH		SOLE		17,701	0	0
EOG Resources Inc	COM	26875p101	1,652,716	12,928	SH		SOLE		12,928	0	0
Eterna Therapeutics Inc	COM	114082209	174,720	72,800	SH		SOLE		72,800	0	0
Evgo Inc Cl A	COM	30052f100	31,124	12,400	SH		SOLE		12,400	0	0
Exxon Mobil Corp	COM	30231g102	1,629,685	14,020	SH		SOLE		14,020	0	0
First Acceptance Corp	COM	318457108	43,550	16,750	SH		SOLE		16,750	0	0
Ge Aerospace	COM	369604301	2,938,197	16,739	SH		SOLE		16,739	0	0
GE Healthcare Technologies Inc	COM	36266g107	1,535,559	16,891	SH		SOLE		16,891	0	0
General Dynamics Corp	COM	369550108	785,887	2,782	SH		SOLE		2,782	0	0
General Mills Inc	COM	370334104	971,743	13,888	SH		SOLE		13,888	0	0
Gilead Sciences Inc	COM	375558103	288,751	3,942	SH		SOLE		3,942	0	0
Goodyear Tire & Rubber Co	COM	382550101	1,429,293	104,100	SH		SOLE		104,100	0	0
Heartland Financial USA Inc	COM	42234q102	905,042	25,748	SH		SOLE		25,748	0	0
Hershey Co	COM	427866108	359,825	1,850	SH		SOLE		1,850	0	0
Home Depot Inc	COM	437076102	637,543	1,662	SH		SOLE		1,662	0	0
Honeywell Intl Inc	COM	438516106	647,564	3,155	SH		SOLE		3,155	0	0
Illinois Tool Works Inc	COM	452308109	254,913	950	SH		SOLE		950	0	0
Johnson & Johnson	COM	478160104	1,020,484	6,451	SH		SOLE		6,451	0	0
JPMorgan Chase & Co	COM	46625h100	1,405,705	7,018	SH		SOLE		7,018	0	0
Kinder Morgan Inc	COM	49456b101	1,073,807	58,550	SH		SOLE		58,550	0	0
Lakeland Financial Corp	COM	511656100	222,968	3,362	SH		SOLE		3,362	0	0
Lennar Corp Cl A	COM	526057104	3,000,707	17,448	SH		SOLE		17,448	0	0
Lilly Eli & Co	COM	532457108	2,789,765	3,586	SH		SOLE		3,586	0	0
Lockheed Martin Corp	COM	539830109	1,189,030	2,614	SH		SOLE		2,614	0	0
Merck & Co Inc	COM	58933y105	2,728,858	20,681	SH		SOLE		20,681	0	0
MGM Resorts International	COM	552953101	2,365,929	50,115	SH		SOLE		50,115	0	0
Microsoft Corp	COM	594918104	647,067	1,538	SH		SOLE		1,538	0	0
MidWestOne Financial Group Inc	COM	598511103	971,119	41,430	SH		SOLE		41,430	0	0
Morgan Stanley	COM	617446448	605,355	6,429	SH		SOLE		6,429	0	0
MVB Financial Corp	COM	553810102	308,101	13,810	SH		SOLE		13,810	0	0
NVR Inc	COM	62944t105	4,187,679	517	SH		SOLE		517	0	0
Onemain Holdings Inc	COM	68268w103	1,702,779	33,329	SH		SOLE		33,329	0	0
Oneok Inc	COM	682680103	247,004	3,081	SH		SOLE		3,081	0	0
Oracle Corp	COM	68389x105	738,336	5,878	SH		SOLE		5,878	0	0
Organon & Co Common Stock	COM	68622v106	260,982	13,882	SH		SOLE		13,882	0	0
Pathward Financial Inc	COM	59100u108	1,125,199	22,290	SH		SOLE		22,290	0	0
PepsiCo Inc	COM	713448108	684,814	3,913	SH		SOLE		3,913	0	0
Pfizer Inc	COM	717081103	2,296,645	82,762	SH		SOLE		82,762	0	0
Pinnacle Financial Partners In	COM	72346q104	650,541	7,575	SH		SOLE		7,575	0	0
Pioneer Natural Resources Co	COM	723787107	1,765,837	6,727	SH		SOLE		6,727	0	0
Price T Rowe Group Inc	COM	74144t108	2,129,333	17,465	SH		SOLE		17,465	0	0
Procter And Gamble Co	COM	742718109	296,431	1,827	SH		SOLE		1,827	0	0
QCR Holdings Inc	COM	74727a104	896,826	14,765	SH		SOLE		14,765	0	0
Rtx Corporation Com	COM	75513e101	1,698,485	17,415	SH		SOLE		17,415	0	0
Select Med Holdings Corp	COM	81619q105	227,934	7,560	SH		SOLE		7,560	0	0
SM Energy Co	COM	78454l100	848,696	17,025	SH		SOLE		17,025	0	0
Star Bulk Carriers Corp Par	COM	y8162k204	285,724	11,970	SH		SOLE		11,970	0	0
Synovus Financial Corp	COM	87161c501	288,432	7,200	SH		SOLE		7,200	0	0
Taylor Morrison Home Corp Cl A	COM	87724p106	217,595	3,500	SH		SOLE		3,500	0	0
Textron Inc	COM	883203101	239,825	2,500	SH		SOLE		2,500	0	0
Travelers Companies Inc	COM	89417e109	269,724	1,172	SH		SOLE		1,172	0	0
Triumph Financial Inc	COM	89679e300	3,017,253	38,039	SH		SOLE		38,039	0	0
Union Pacific Corp	COM	907818108	288,968	1,175	SH		SOLE		1,175	0	0
Veritex Holdings Inc	COM	923451108	1,961,610	95,735	SH		SOLE		95,735	0	0
VF Corp	COM	918204108	480,602	31,330	SH		SOLE		31,330	0	0
Viatris Inc	COM	92556v106	890,569	74,587	SH		SOLE		74,587	0	0
Visa Inc Cl A	COM	92826c839	442,900	1,587	SH		SOLE		1,587	0	0
Vulcan Materials Co	COM	929160109	373,900	1,370	SH		SOLE		1,370	0	0
W&T Offshore Inc	COM	92922p106	36,040	13,600	SH		SOLE		13,600	0	0
Wells Fargo & Co	COM	949746101	480,662	8,293	SH		SOLE		8,293	0	0
Western Alliance Bancorp	COM	957638109	1,421,167	22,140	SH		SOLE		22,140	0	0
Zions Bancorporation	COM	989701107	230,020	5,300	SH		SOLE		5,300	0	0
Total SA Sp ADS	AD	89151e109	264,858	3,848	SH		SOLE		3,848	0	0
Fidelity Tr 500 Index Ins Prem	MF	315911750	3,199,190	17,487	SH		SOLE		17,487	0	0
Enterprise Products Partners L	ML	293792107	570,615	19,555	SH		SOLE		19,555	0	0
Plains All American Pipeline L	ML	726503105	572,193	32,585	SH		SOLE		32,585	0	0
Healthpeak Properties Inc	RE	42250p103	685,575	36,564	SH		SOLE		36,564	0	0
Iron Mountain Inc	RE	46284v101	2,140,564	26,687	SH		SOLE		26,687	0	0
Weyerhaeuser Co	RE	962166104	816,486	22,737	SH		SOLE		22,737	0	0
S&P 500 Index Call Option 06/2	CALL	6602509QK	1,044,040	8	SH		SOLE		8	0	0
S&P Dow Jones Index Call Optio	PUT	6760369TR	1,084,080	8	SH		SOLE		8	0	0

Sippican Capital Advisors 13F-HRQuarterly holdings report by institutional manager