Sippican Capital Advisors 13F-HR Quarterly holdings report by institutional manager

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

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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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	cs	88579y101	477	2,670	SH		SOLE		2,670	0	0
Abbott Laboratories	cs	002824100	320	8,337	SH		SOLE		8,337	0	0
Abbvie Inc	cs	00287y109	1,231	19,664	SH		SOLE		19,664	0	0
Adobe Systems Inc	cs	00724f101	206	2,000	SH		SOLE		2,000	0	0
AK Steel Holding Corp	cs	001547108	2,258	221,180	SH		SOLE		221,180	0	0
Allergan PLC	cs	g0177j108	797	3,795	SH		SOLE		3,795	0	0
American Express Co	cs	025816109	570	7,700	SH		SOLE		7,700	0	0
Apple Inc	cs	037833100	566	4,886	SH		SOLE		4,886	0	0
AT&T Inc	cs	00206r102	209	4,917	SH		SOLE		4,917	0	0
Bancorp Inc	cs	05969a105	2,644	336,375	SH		SOLE		336,375	0	0
Bank Hawaii Corp	cs	062540109	395	4,459	SH		SOLE		4,459	0	0
Bank of America Corporation	cs	060505104	341	15,440	SH		SOLE		15,440	0	0
Bank of New York Mellon Corp	cs	064058100	238	5,025	SH		SOLE		5,025	0	0
Banner Corp	cs	06652v208	878	15,725	SH		SOLE		15,725	0	0
Berkshire Hathaway Inc Cl B	cs	084670702	1,576	9,671	SH		SOLE		9,671	0	0
Boeing Co	cs	097023105	349	2,242	SH		SOLE		2,242	0	0
Bristol-Myers Squibb Co	cs	110122108	715	12,229	SH		SOLE		12,229	0	0
Brown Forman Corp Cl A	cs	115637100	756	16,350	SH		SOLE		16,350	0	0
Brown Forman Corp Cl B	cs	115637209	643	14,308	SH		SOLE		14,308	0	0
Cambridge Bancorp	cs	132152109	1,891	30,366	SH		SOLE		30,366	0	0
Capital Bank Financial Corp Cl	cs	139794101	214	5,457	SH		SOLE		5,457	0	0
Caterpillar Inc	cs	149123101	464	5,000	SH		SOLE		5,000	0	0
Celgene Corp	cs	151020104	381	3,295	SH		SOLE		3,295	0	0
Central Securities Corp	cs	155123102	686	31,500	SH		SOLE		31,500	0	0
CF Industries Holdings Inc	cs	125269100	944	29,989	SH		SOLE		29,989	0	0
Chevron Corp	cs	166764100	2,296	19,506	SH		SOLE		19,506	0	0
Chubb Limited	cs	h1467j104	1,249	9,456	SH		SOLE		9,456	0	0
Cimarex Energy Co	cs	171798101	824	6,061	SH		SOLE		6,061	0	0
Cincinnati Financial Corp	cs	172062101	254	3,350	SH		SOLE		3,350	0	0
CoBiz Financial Inc	cs	190897108	964	57,100	SH		SOLE		57,100	0	0
Coca-Cola Co	cs	191216100	348	8,392	SH		SOLE		8,392	0	0
Colgate Palmolive Co	cs	194162103	741	11,325	SH		SOLE		11,325	0	0
ConocoPhillips	cs	20825c104	338	6,735	SH		SOLE		6,735	0	0
CVS Health Corporation	cs	126650100	545	6,906	SH		SOLE		6,906	0	0
Deere & Co	cs	244199105	669	6,495	SH		SOLE		6,495	0	0
Disney Walt Co Disney	cs	254687106	876	8,405	SH		SOLE		8,405	0	0
Eaton Corp PLC	cs	g29183103	1,834	27,331	SH		SOLE		27,331	0	0
Eaton Vance Corp Non Vtg	cs	278265103	442	10,565	SH		SOLE		10,565	0	0
Eli Lilly & Co	cs	532457108	1,321	17,963	SH		SOLE		17,963	0	0
Emerson Electric Co	cs	291011104	363	6,514	SH		SOLE		6,514	0	0
Ensco PLC Class A	cs	g3157s106	1,467	150,972	SH		SOLE		150,972	0	0
EOG Resources Inc	cs	26875p101	889	8,790	SH		SOLE		8,790	0	0
EQT Corp	cs	26884l109	976	14,926	SH		SOLE		14,926	0	0
Exxon Mobil Corp	cs	30231g102	1,783	19,759	SH		SOLE		19,759	0	0
Frp Holdings Inc	cs	30292l107	407	10,800	SH		SOLE		10,800	0	0
General Electric Co	cs	369604103	1,179	37,325	SH		SOLE		37,325	0	0
General Mills Inc	cs	370334104	1,652	26,740	SH		SOLE		26,740	0	0
Gilead Sciences Inc	cs	375558103	558	7,792	SH		SOLE		7,792	0	0
Halliburton Co	cs	406216101	268	4,955	SH		SOLE		4,955	0	0
Hershey Co	cs	427866108	300	2,900	SH		SOLE		2,900	0	0
Home Depot Inc	cs	437076102	366	2,730	SH		SOLE		2,730	0	0
Honeywell Intl Inc	cs	438516106	1,898	16,381	SH		SOLE		16,381	0	0
Johnson & Johnson	cs	478160104	441	3,832	SH		SOLE		3,832	0	0
JPMorgan Chase & Co	cs	46625h100	1,299	15,050	SH		SOLE		15,050	0	0
Kinder Morgan Inc	cs	49456b101	230	11,090	SH		SOLE		11,090	0	0
Lennar Corp Cl A	cs	526057104	1,532	35,690	SH		SOLE		35,690	0	0
Lincoln Natl Corp Ind	cs	534187109	211	3,178	SH		SOLE		3,178	0	0
Lyon William Homes Cl A	cs	552074700	1,392	73,169	SH		SOLE		73,169	0	0
MB Financial Inc	cs	55264u108	1,334	28,236	SH		SOLE		28,236	0	0
McDermott Intl Inc	cs	580037109	2,169	293,568	SH		SOLE		293,568	0	0
Merck & Co Inc	cs	58933y105	946	16,064	SH		SOLE		16,064	0	0
Meta Financial Group Inc	cs	59100u108	431	4,184	SH		SOLE		4,184	0	0
MGM Resorts International	cs	552953101	284	9,850	SH		SOLE		9,850	0	0
Nabors Industries Ltd	cs	g6359f103	2,312	140,952	SH		SOLE		140,952	0	0
NBT Bancorp Inc	cs	628778102	318	7,600	SH		SOLE		7,600	0	0
Newstar Financial Inc	cs	65251f105	2,259	244,182	SH		SOLE		244,182	0	0
NOBLE CORP PLC SHS USD	cs	g65431101	1,134	191,504	SH		SOLE		191,504	0	0
Nucor Corp	cs	670346105	1,480	24,859	SH		SOLE		24,859	0	0
NVR Inc	cs	62944t105	2,827	1,694	SH		SOLE		1,694	0	0
Onemain Holdings Inc	cs	68268w103	608	27,470	SH		SOLE		27,470	0	0
Paccar Inc	cs	693718108	1,771	27,718	SH		SOLE		27,718	0	0
PacWest Bancorp Del	cs	695263103	495	9,091	SH		SOLE		9,091	0	0
PepsiCo Inc	cs	713448108	773	7,390	SH		SOLE		7,390	0	0
Pfizer Inc	cs	717081103	976	30,035	SH		SOLE		30,035	0	0
Procter & Gamble Co	cs	742718109	528	6,285	SH		SOLE		6,285	0	0
Quantum Corp DSSG	cs	747906204	24	29,100	SH		SOLE		29,100	0	0
Range Resources Corp	cs	75281a109	394	11,480	SH		SOLE		11,480	0	0
Regional Mgmt Corp	cs	75902k106	360	13,687	SH		SOLE		13,687	0	0
Seacoast Banking Corp FL	cs	811707801	301	13,660	SH		SOLE		13,660	0	0
Southwestern Energy Co	cs	845467109	417	38,578	SH		SOLE		38,578	0	0
Synovus Finl Corp	cs	87161c501	2,725	66,328	SH		SOLE		66,328	0	0
Travelers Companies Inc	cs	89417e109	435	3,550	SH		SOLE		3,550	0	0
United Community Banks Blairsv	cs	90984p303	2,641	89,150	SH		SOLE		89,150	0	0
United States Steel Corp	cs	912909108	1,678	50,840	SH		SOLE		50,840	0	0
VF Corp	cs	918204108	210	3,930	SH		SOLE		3,930	0	0
Vulcan Materials Co	cs	929160109	751	6,000	SH		SOLE		6,000	0	0
Weatherford Intl PLC	cs	g48833100	1,243	249,085	SH		SOLE		249,085	0	0
Wells Fargo & Co	cs	949746101	2,604	47,242	SH		SOLE		47,242	0	0
Western Alliance Bancorp	cs	957638109	2,371	48,680	SH		SOLE		48,680	0	0
Williams Clayton Energy Inc	cs	969490101	3,192	26,767	SH		SOLE		26,767	0	0
Zions Bancorporation	cs	989701107	1,325	30,785	SH		SOLE		30,785	0	0
Royal Dutch Shell PLC Sp ADR A	ad	780259206	654	12,020	SH		SOLE		12,020	0	0
Royal Dutch Shell PLC Sp ADR B	ad	780259107	244	4,209	SH		SOLE		4,209	0	0
Tekla Healthcare Invs	mf	87911j103	359	17,000	SH		SOLE		17,000	0	0
Enbridge Energy Partners LP	ml	29250r106	577	22,629	SH		SOLE		22,629	0	0
Energy Transfer Partners LP	ml	29273r109	494	13,789	SH		SOLE		13,789	0	0
Enterprise Products Partners L	ml	293792107	356	13,155	SH		SOLE		13,155	0	0
Golar LNG Partners LP Lpi	ml	y2745c102	601	25,000	SH		SOLE		25,000	0	0
Martin Midstream Partners LP	ml	573331105	463	25,210	SH		SOLE		25,210	0	0
Plains All American Pipeline L	ml	726503105	618	19,145	SH		SOLE		19,145	0	0
Annaly Cap Mgmt Inc	re	035710409	131	13,090	SH		SOLE		13,090	0	0
Genco Shipping & Trading Ltd W	wt	y2685t123	3	24,710	SH		SOLE		24,710	0	0