Instuitional Investor - Sippican Capital Advisors

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Bancorp Inc.	TBBK	157,281	$8,277,699	6.03%
2.	Nvr Inc	NVR	512	$4,187,597	3.05%
3.	Triumph Financial Inc.	TFIN	40,048	$3,639,562	2.65%
4.	Fidelity Tr 500 Index Ins Prem		15,699	$3,205,600	2.33%
5.	Exxon Mobil Corp	XOM	29,456	$3,168,582	2.3%