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	439	2,090	SH		SOLE		2,090	0	0
Abbott Laboratories	cs	002824100	555	10,399	SH		SOLE		10,399	0	0
AbbVie Inc	cs	00287y109	2,054	23,119	SH		SOLE		23,119	0	0
Adobe Systems Inc	cs	00724f101	298	2,000	SH		SOLE		2,000	0	0
AK Steel Holding Corp	cs	001547108	1,176	210,310	SH		SOLE		210,310	0	0
Allergan PLC	cs	g0177j108	1,073	5,237	SH		SOLE		5,237	0	0
American Express Co	cs	025816109	647	7,150	SH		SOLE		7,150	0	0
Apple Inc	cs	037833100	786	5,097	SH		SOLE		5,097	0	0
Bancorp Inc	cs	05969a105	3,011	364,034	SH		SOLE		364,034	0	0
Bank America Corp	cs	060505104	381	15,040	SH		SOLE		15,040	0	0
Bank Hawaii Corp	cs	062540109	311	3,727	SH		SOLE		3,727	0	0
Banner Corp	cs	06652v208	825	13,458	SH		SOLE		13,458	0	0
Berkshire Hathaway Inc Cl B	cs	084670702	1,761	9,606	SH		SOLE		9,606	0	0
Boeing Co	cs	097023105	428	1,682	SH		SOLE		1,682	0	0
Bristol-Myers Squibb Co	cs	110122108	1,326	20,801	SH		SOLE		20,801	0	0
Brown Forman Corp Cl A	cs	115637100	883	15,850	SH		SOLE		15,850	0	0
Brown Forman Corp Cl B	cs	115637209	777	14,308	SH		SOLE		14,308	0	0
Cambridge Bancorp	cs	132152109	2,115	30,316	SH		SOLE		30,316	0	0
Caterpillar Inc	cs	149123101	624	5,000	SH		SOLE		5,000	0	0
Celgene Corp	cs	151020104	895	6,138	SH		SOLE		6,138	0	0
Central Securities Corp	cs	155123102	814	31,500	SH		SOLE		31,500	0	0
CF Industries Holdings Inc	cs	125269100	1,326	37,707	SH		SOLE		37,707	0	0
Chevron Corp	cs	166764100	2,193	18,661	SH		SOLE		18,661	0	0
Chubb Limited	cs	h1467j104	1,166	8,183	SH		SOLE		8,183	0	0
Cimarex Energy Co	cs	171798101	809	7,116	SH		SOLE		7,116	0	0
Cincinnati Financial Corp	cs	172062101	257	3,350	SH		SOLE		3,350	0	0
CoBiz Financial Inc	cs	190897108	1,023	52,100	SH		SOLE		52,100	0	0
Coca-Cola Co	cs	191216100	324	7,192	SH		SOLE		7,192	0	0
Colgate Palmolive Co	cs	194162103	840	11,525	SH		SOLE		11,525	0	0
CVS Health Corp	cs	126650100	377	4,635	SH		SOLE		4,635	0	0
Deere & Co	cs	244199105	708	5,635	SH		SOLE		5,635	0	0
Disney Walt Co Disney	cs	254687106	911	9,244	SH		SOLE		9,244	0	0
Eaton Corp PLC	cs	g29183103	1,658	21,588	SH		SOLE		21,588	0	0
Eaton Vance Corp Non Vtg	cs	278265103	448	9,065	SH		SOLE		9,065	0	0
Emerson Electric Co	cs	291011104	239	3,800	SH		SOLE		3,800	0	0
Ensco PLC Class A	cs	g3157s106	1,206	201,941	SH		SOLE		201,941	0	0
EOG Resources Inc	cs	26875p101	1,244	12,858	SH		SOLE		12,858	0	0
EQT Corp	cs	26884l109	1,688	25,867	SH		SOLE		25,867	0	0
Exxon Mobil Corp	cs	30231g102	1,434	17,495	SH		SOLE		17,495	0	0
Frp Holdings Inc	cs	30292l107	489	10,800	SH		SOLE		10,800	0	0
General Electric Co	cs	369604103	810	33,481	SH		SOLE		33,481	0	0
General Mills Inc	cs	370334104	1,254	24,235	SH		SOLE		24,235	0	0
Gilead Sciences Inc	cs	375558103	1,499	18,499	SH		SOLE		18,499	0	0
Hershey Co	cs	427866108	311	2,850	SH		SOLE		2,850	0	0
Home Depot Inc	cs	437076102	393	2,405	SH		SOLE		2,405	0	0
Honeywell Intl Inc	cs	438516106	1,758	12,404	SH		SOLE		12,404	0	0
Intel Corp	cs	458140100	334	8,775	SH		SOLE		8,775	0	0
Johnson & Johnson	cs	478160104	563	4,329	SH		SOLE		4,329	0	0
JPMorgan Chase & Co	cs	46625h100	1,364	14,285	SH		SOLE		14,285	0	0
Lennar Corp Cl A	cs	526057104	1,840	34,840	SH		SOLE		34,840	0	0
Lilly Eli & Co	cs	532457108	1,419	16,586	SH		SOLE		16,586	0	0
Lincoln Natl Corp Ind	cs	534187109	234	3,178	SH		SOLE		3,178	0	0
Lyon William Homes Cl A	cs	552074700	1,722	74,909	SH		SOLE		74,909	0	0
MB Financial Inc	cs	55264u108	1,217	27,029	SH		SOLE		27,029	0	0
McDermott Intl Inc	cs	580037109	2,132	293,218	SH		SOLE		293,218	0	0
Merck & Co Inc	cs	58933y105	1,242	19,393	SH		SOLE		19,393	0	0
Meta Financial Group Inc	cs	59100u108	326	4,154	SH		SOLE		4,154	0	0
MGM Resorts International	cs	552953101	308	9,450	SH		SOLE		9,450	0	0
Nabors Industries Ltd	cs	g6359f103	1,590	197,082	SH		SOLE		197,082	0	0
Newstar Financial Inc	cs	65251f105	2,183	185,947	SH		SOLE		185,947	0	0
Noble Corp PLC USD	cs	g65431101	1,289	280,234	SH		SOLE		280,234	0	0
Noble Energy Inc	cs	655044105	2,352	82,928	SH		SOLE		82,928	0	0
NVR Inc	cs	62944t105	4,294	1,504	SH		SOLE		1,504	0	0
Onemain Holdings Inc	cs	68268w103	938	33,265	SH		SOLE		33,265	0	0
Paccar Inc	cs	693718108	1,797	24,845	SH		SOLE		24,845	0	0
PacWest Bancorp Del	cs	695263103	418	8,284	SH		SOLE		8,284	0	0
PepsiCo Inc	cs	713448108	712	6,390	SH		SOLE		6,390	0	0
Pfizer Inc	cs	717081103	1,709	47,874	SH		SOLE		47,874	0	0
Pioneer Natural Resources Co	cs	723787107	979	6,634	SH		SOLE		6,634	0	0
Procter And Gamble Co	cs	742718109	416	4,577	SH		SOLE		4,577	0	0
Range Resources Corp	cs	75281a109	1,604	81,969	SH		SOLE		81,969	0	0
Regional Mgmt Corp	cs	75902k106	331	13,687	SH		SOLE		13,687	0	0
Seacoast Banking Corp FL	cs	811707801	232	9,720	SH		SOLE		9,720	0	0
Synovus Financial Corp	cs	87161c501	2,382	51,720	SH		SOLE		51,720	0	0
Travelers Companies Inc	cs	89417e109	350	2,855	SH		SOLE		2,855	0	0
Trinity Industries Inc	cs	896522109	211	6,610	SH		SOLE		6,610	0	0
United Community Banks Blairsv	cs	90984p303	1,977	69,275	SH		SOLE		69,275	0	0
United States Steel Corp	cs	912909108	1,108	43,174	SH		SOLE		43,174	0	0
VF Corp	cs	918204108	264	4,155	SH		SOLE		4,155	0	0
Visa Inc Cl A	cs	92826c839	311	2,955	SH		SOLE		2,955	0	0
Vulcan Materials Co	cs	929160109	718	6,000	SH		SOLE		6,000	0	0
Weatherford Intl PLC	cs	g48833100	1,474	321,785	SH		SOLE		321,785	0	0
Wells Fargo & Co	cs	949746101	2,200	39,883	SH		SOLE		39,883	0	0
Western Alliance Bancorp	cs	957638109	2,104	39,645	SH		SOLE		39,645	0	0
Zions Bancorporation	cs	989701107	1,103	23,385	SH		SOLE		23,385	0	0
Royal Dutch Shell PLC Sp ADR A	ad	780259206	491	8,100	SH		SOLE		8,100	0	0
Royal Dutch Shell PLC Sp ADR B	ad	780259107	222	3,544	SH		SOLE		3,544	0	0
Tekla Healthcare Invs	mf	87911j103	429	17,000	SH		SOLE		17,000	0	0
Blackstone Group LP	ml	09253u108	333	9,988	SH		SOLE		9,988	0	0
Enbridge Energy Partners LP	ml	29250r106	484	30,275	SH		SOLE		30,275	0	0
Energy Transfer Partners LP Lt	ml	29278n103	435	23,784	SH		SOLE		23,784	0	0
Enterprise Products Partners L	ml	293792107	340	13,035	SH		SOLE		13,035	0	0
Golar LNG Partners LP	ml	y2745c102	603	25,956	SH		SOLE		25,956	0	0
Martin Midstream Partners LP	ml	573331105	450	28,920	SH		SOLE		28,920	0	0
Plains All American Pipeline L	ml	726503105	405	19,120	SH		SOLE		19,120	0	0
Annaly Cap Mgmt Inc	re	035710409	136	11,140	SH		SOLE		11,140	0	0
Genco Shipping & Trading Ltd W	wt	y2685t123	9	51,185	SH		SOLE		51,185	0	0