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
Estimated average burden
hours per response:		23.8

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	Stock	88579Y101	271	1,328	SH		SOLE		1,328	0	0
ABBOTT LABS COM	Stock	002824100	663	9,084	SH		SOLE		9,084	0	0
ABBVIE INC COM	Stock	00287Y109	1,853	21,116	SH		SOLE		21,116	0	0
ADOBE INC COM	Stock	00724F101	500	2,000	SH		SOLE		2,000	0	0
AK STL HLDG CORP COM	Stock	001547108	175	45,932	SH		SOLE		45,932	0	0
ALLERGAN PLC SHS	Stock	G0177J108	1,440	8,505	SH		SOLE		8,505	0	0
AMAZON COM INC COM	Stock	023135106	281	160	SH		SOLE		160	0	0
AMERICAN EXPRESS CO COM	Stock	025816109	543	5,000	SH		SOLE		5,000	0	0
ANNALY CAP MGMT INC COM	REIT	035710409	518	51,780	SH		SOLE		51,780	0	0
APPLE INC COM	Stock	037833100	826	3,960	SH		SOLE		3,960	0	0
AT&T INC COM	Stock	00206R102	524	16,892	SH		SOLE		16,892	0	0
BANCORP INC DEL COM	Stock	05969A105	3,328	311,307	SH		SOLE		311,307	0	0
BANK AMER CORP COM	Stock	060505104	365	12,640	SH		SOLE		12,640	0	0
BANK HAWAII CORP COM	Stock	062540109	249	3,127	SH		SOLE		3,127	0	0
BANNER CORP COM NEW	Stock	06652V208	798	12,940	SH		SOLE		12,940	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Stock	084670702	1,736	7,806	SH		SOLE		7,806	0	0
BLACKSTONE GROUP L P COM UNIT LTD	Stock	09253U108	484	13,700	SH		SOLE		13,700	0	0
BOEING CO COM	Stock	097023105	539	1,455	SH		SOLE		1,455	0	0
BOK FINL CORP COM NEW	Stock	05561Q201	694	7,735	SH		SOLE		7,735	0	0
BRISTOL MYERS SQUIBB CO COM	Stock	110122108	1,779	33,682	SH		SOLE		33,682	0	0
BROWN FORMAN CORP CL A	Stock	115637100	603	12,350	SH		SOLE		12,350	0	0
BROWN FORMAN CORP CL B	Stock	115637209	797	16,355	SH		SOLE		16,355	0	0
CAMBRIDGE BANCORP COM	Stock	132152109	2,139	25,087	SH		SOLE		25,087	0	0
CAPSTEAD MTG CORP COM NO PAR	REIT	14067E506	300	40,275	SH		SOLE		40,275	0	0
CATERPILLAR INC DEL COM	Stock	149123101	394	3,000	SH		SOLE		3,000	0	0
CENTRAL SECS CORP COM	CEF	155123102	812	29,000	SH		SOLE		29,000	0	0
CF INDS HLDGS INC COM	Stock	125269100	1,584	29,507	SH		SOLE		29,507	0	0
CHEVRON CORP NEW COM	Stock	166764100	1,956	16,385	SH		SOLE		16,385	0	0
CHUBB LIMITED COM	Stock	H1467J104	788	5,979	SH		SOLE		5,979	0	0
CIMAREX ENERGY CO COM	Stock	171798101	995	10,976	SH		SOLE		10,976	0	0
CINCINNATI FINL CORP COM	Stock	172062101	256	3,150	SH		SOLE		3,150	0	0
COCA COLA CO COM	Stock	191216100	253	5,122	SH		SOLE		5,122	0	0
COLGATE PALMOLIVE CO COM	Stock	194162103	537	8,825	SH		SOLE		8,825	0	0
DEERE & CO COM	Stock	244199105	702	4,785	SH		SOLE		4,785	0	0
DISNEY WALT CO COM DISNEY	Stock	254687106	1,029	8,873	SH		SOLE		8,873	0	0
EAGLE BULK SHIPPING INC SHS NEW	Stock	Y2187A143	66	14,990	SH		SOLE		14,990	0	0
EATON CORP PLC SHS	Stock	G29183103	265	3,565	SH		SOLE		3,565	0	0
EATON VANCE CORP COM NON VTG	Stock	278265103	378	8,406	SH		SOLE		8,406	0	0
ENBRIDGE ENERGY PARTNERS L P COM	Stock	29250R106	453	42,100	SH		SOLE		42,100	0	0
ENERGY TRANSFER LP COM UT LTD PTN	Stock	29273V100	664	41,316	SH		SOLE		41,316	0	0
ENSCO PLC SHS CLASS A	Stock	G3157S106	1,526	220,136	SH		SOLE		220,136	0	0
ENTERPRISE PRODS PARTNERS L P COM	Stock	293792107	391	14,280	SH		SOLE		14,280	0	0
EOG RES INC COM	Stock	26875P101	1,618	15,434	SH		SOLE		15,434	0	0
EXXON MOBIL CORP COM	Stock	30231G102	1,239	15,160	SH		SOLE		15,160	0	0
FRP HLDGS INC COM	Stock	30292L107	538	10,800	SH		SOLE		10,800	0	0
GENERAL ELECTRIC CO COM	Stock	369604103	253	27,800	SH		SOLE		27,800	0	0
GENERAL MLS INC COM	Stock	370334104	928	20,875	SH		SOLE		20,875	0	0
GENERAL MTRS CO COM	Stock	37045V100	845	23,115	SH		SOLE		23,115	0	0
GILEAD SCIENCES INC COM	Stock	375558103	1,755	24,412	SH		SOLE		24,412	0	0
GOLAR LNG PARTNERS LP COM UNIT LPI	Stock	Y2745C102	456	31,547	SH		SOLE		31,547	0	0
HERSHEY CO COM	Stock	427866108	305	2,850	SH		SOLE		2,850	0	0
HOME DEPOT INC COM	Stock	437076102	311	1,655	SH		SOLE		1,655	0	0
HONEYWELL INTL INC COM	Stock	438516106	1,535	10,197	SH		SOLE		10,197	0	0
INTEL CORP COM	Stock	458140100	653	13,327	SH		SOLE		13,327	0	0
INTERNATIONAL BUSINESS MACHS COM	Stock	459200101	2,243	18,181	SH		SOLE		18,181	0	0
JOHNSON & JOHNSON COM	Stock	478160104	916	6,301	SH		SOLE		6,301	0	0
JPMORGAN CHASE & CO COM	Stock	46625H100	931	8,285	SH		SOLE		8,285	0	0
LENNAR CORP CL A	Stock	526057104	1,405	33,540	SH		SOLE		33,540	0	0
LILLY ELI & CO COM	Stock	532457108	1,517	13,780	SH		SOLE		13,780	0	0
LYON WILLIAM HOMES CL A NEW	Stock	552074700	1,005	77,477	SH		SOLE		77,477	0	0
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT	Stock	573331105	396	32,060	SH		SOLE		32,060	0	0
MCDERMOTT INTL INC COM	Stock	580037703	958	99,474	SH		SOLE		99,474	0	0
MERCK & CO INC COM	Stock	58933Y105	2,131	28,233	SH		SOLE		28,233	0	0
META FINL GROUP INC COM	Stock	59100U108	316	12,390	SH		SOLE		12,390	0	0
MGM RESORTS INTERNATIONAL COM	Stock	552953101	214	7,950	SH		SOLE		7,950	0	0
MOSAIC CO NEW COM	Stock	61945C103	1,381	37,327	SH		SOLE		37,327	0	0
NABORS INDUSTRIES LTD SHS	Stock	G6359F103	1,407	274,860	SH		SOLE		274,860	0	0
NOBLE CORP PLC SHS USD	Stock	G65431101	1,563	333,350	SH		SOLE		333,350	0	0
NOBLE ENERGY INC COM	Stock	655044105	2,184	81,185	SH		SOLE		81,185	0	0
NVR INC COM	Stock	62944T105	2,979	1,300	SH		SOLE		1,300	0	0
OASIS PETE INC NEW COM	Stock	674215108	153	16,016	SH		SOLE		16,016	0	0
ONEMAIN HLDGS INC COM	Stock	68268W103	956	31,404	SH		SOLE		31,404	0	0
PACCAR INC COM	Stock	693718108	462	7,676	SH		SOLE		7,676	0	0
PACWEST BANCORP DEL COM	Stock	695263103	344	8,228	SH		SOLE		8,228	0	0
PARSLEY ENERGY INC CL A	Stock	701877102	1,007	42,004	SH		SOLE		42,004	0	0
PEPSICO INC COM	Stock	713448108	563	4,850	SH		SOLE		4,850	0	0
PFIZER INC COM	Stock	717081103	2,042	46,567	SH		SOLE		46,567	0	0
PHYSICIANS RLTY TR COM	REIT	71943U104	264	15,575	SH		SOLE		15,575	0	0
PIONEER NAT RES CO COM	Stock	723787107	1,571	10,040	SH		SOLE		10,040	0	0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	Stock	726503105	483	20,550	SH		SOLE		20,550	0	0
RANGE RES CORP COM	Stock	75281A109	399	23,375	SH		SOLE		23,375	0	0
ROYAL DUTCH SHELL PLC SPONS ADR A	ADR	780259206	345	5,500	SH		SOLE		5,500	0	0
SANCHEZ ENERGY CORP COM	Stock	79970Y105	454	329,280	SH		SOLE		329,280	0	0
SCORPIO BULKERS INC COM	Stock	Y7546A122	132	21,424	SH		SOLE		21,424	0	0
SEACOAST BKG CORP FLA COM NEW	Stock	811707801	210	7,815	SH		SOLE		7,815	0	0
SM ENERGY CO COM	Stock	78454L100	625	26,991	SH		SOLE		26,991	0	0
STAR BULK CARRIERS CORP SHS PAR	Stock	Y8162K204	133	12,600	SH		SOLE		12,600	0	0
SYNOVUS FINL CORP COM NEW	Stock	87161C501	1,054	27,722	SH		SOLE		27,722	0	0
TEKLA HEALTHCARE INVS SH BEN INT	CEF	87911J103	369	17,000	SH		SOLE		17,000	0	0
TRAVELERS COMPANIES INC COM	Stock	89417E109	289	2,205	SH		SOLE		2,205	0	0
TRISTATE CAP HLDGS INC COM	Stock	89678F100	759	29,216	SH		SOLE		29,216	0	0
UNION PAC CORP COM	Stock	907818108	241	1,580	SH		SOLE		1,580	0	0
UNITED CMNTY BKS BLAIRSVLE GA COM	Stock	90984P303	736	28,907	SH		SOLE		28,907	0	0
UNITED STATES STL CORP NEW COM	Stock	912909108	1,063	37,531	SH		SOLE		37,531	0	0
V F CORP COM	Stock	918204108	360	4,152	SH		SOLE		4,152	0	0
VISA INC COM CL A	Stock	92826C839	407	2,800	SH		SOLE		2,800	0	0
VULCAN MATLS CO COM	Stock	929160109	648	6,000	SH		SOLE		6,000	0	0
WEATHERFORD INTL PLC ORD SHS	Stock	G48833100	323	267,075	SH		SOLE		267,075	0	0
WELLS FARGO CO NEW COM	Stock	949746101	1,170	22,006	SH		SOLE		22,006	0	0
WESTERN ALLIANCE BANCORP COM	Stock	957638109	1,652	33,582	SH		SOLE		33,582	0	0
WESTROCK CO COM	Stock	96145D105	439	9,475	SH		SOLE		9,475	0	0
ZIONS BANCORPORATION N A COM	Stock	989701107	358	7,110	SH		SOLE		7,110	0	0