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
AMAZON COM INC COM	Stock	023135106	218	145	SH		SOLE		145	0	0
ONEMAIN HLDGS INC COM	Stock	68268W103	763	31,404	SH		SOLE		31,404	0	0
CENTRAL SECS CORP COM	CEF	155123102	720	29,000	SH		SOLE		29,000	0	0
VULCAN MATLS CO COM	Stock	929160109	593	6,000	SH		SOLE		6,000	0	0
JOHNSON & JOHNSON COM	Stock	478160104	805	6,241	SH		SOLE		6,241	0	0
AK STL HLDG CORP COM	Stock	001547108	57	25,232	SH		SOLE		25,232	0	0
NOBLE ENERGY INC COM	Stock	655044105	1,505	80,233	SH		SOLE		80,233	0	0
ROYAL DUTCH SHELL PLC SPONS ADR A	ADR	780259206	350	6,000	SH		SOLE		6,000	0	0
COCA COLA CO COM	Stock	191216100	243	5,122	SH		SOLE		5,122	0	0
GENERAL MLS INC COM	Stock	370334104	859	22,060	SH		SOLE		22,060	0	0
ENTERPRISE PRODS PARTNERS L P COM	Stock	293792107	351	14,280	SH		SOLE		14,280	0	0
INTEL CORP COM	Stock	458140100	640	13,627	SH		SOLE		13,627	0	0
WESTERN ALLIANCE BANCORP COM	Stock	957638109	1,326	33,582	SH		SOLE		33,582	0	0
STAR BULK CARRIERS CORP SHS PAR	Stock	Y8162K204	147	16,062	SH		SOLE		16,062	0	0
PACCAR INC COM	Stock	693718108	439	7,676	SH		SOLE		7,676	0	0
EAGLE BULK SHIPPING INC SHS NEW	Stock	Y2187A143	81	17,550	SH		SOLE		17,550	0	0
BANCORP INC DEL COM	Stock	05969A105	2,421	304,206	SH		SOLE		304,206	0	0
MERCK & CO INC COM	Stock	58933Y105	2,182	28,552	SH		SOLE		28,551	0	0
ANNALY CAP MGMT INC COM	REIT	035710409	566	57,630	SH		SOLE		57,630	0	0
NVR INC COM	Stock	62944T105	3,168	1,300	SH		SOLE		1,300	0	0
CHUBB LIMITED COM	Stock	H1467J104	862	6,676	SH		SOLE		6,676	0	0
PEPSICO INC COM	Stock	713448108	536	4,850	SH		SOLE		4,850	0	0
HONEYWELL INTL INC COM	Stock	438516106	1,350	10,216	SH		SOLE		10,216	0	0
HOME DEPOT INC COM	Stock	437076102	284	1,655	SH		SOLE		1,655	0	0
TRISTATE CAP HLDGS INC COM	Stock	89678F100	718	36,906	SH		SOLE		36,906	0	0
ENSCO PLC SHS CLASS A	Stock	G3157S106	703	197,503	SH		SOLE		197,503	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Stock	084670702	1,748	8,562	SH		SOLE		8,562	0	0
ADOBE INC COM	Stock	00724F101	452	2,000	SH		SOLE		2,000	0	0
LENNAR CORP CL A	Stock	526057104	1,313	33,540	SH		SOLE		33,540	0	0
V F CORP COM	Stock	918204108	296	4,152	SH		SOLE		4,152	0	0
BOEING CO COM	Stock	097023105	468	1,450	SH		SOLE		1,450	0	0
OASIS PETE INC NEW COM	Stock	674215108	106	19,173	SH		SOLE		19,173	0	0
NABORS INDUSTRIES LTD SHS	Stock	G6359F103	95	47,685	SH		SOLE		47,685	0	0
WEATHERFORD INTL PLC ORD SHS	Stock	G48833100	14	25,900	SH		SOLE		25,900	0	0
BROWN FORMAN CORP CL A	Stock	115637100	586	12,350	SH		SOLE		12,350	0	0
GENERAL MTRS CO COM	Stock	37045V100	795	23,778	SH		SOLE		23,778	0	0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	Stock	726503105	412	20,550	SH		SOLE		20,550	0	0
LILLY ELI & CO COM	Stock	532457108	1,452	12,545	SH		SOLE		12,545	0	0
TEKLA HEALTHCARE INVS SH BEN INT	CEF	87911J103	305	17,000	SH		SOLE		17,000	0	0
GOLAR LNG PARTNERS LP COM UNIT LPI	Stock	Y2745C102	137	12,645	SH		SOLE		12,645	0	0
BROWN FORMAN CORP CL B	Stock	115637209	778	16,355	SH		SOLE		16,355	0	0
BOK FINL CORP COM NEW	Stock	05561Q201	567	7,735	SH		SOLE		7,735	0	0
ALLERGAN PLC SHS	Stock	G0177J108	1,194	8,930	SH		SOLE		8,930	0	0
ENERGY TRANSFER LP COM UT LTD PTN	Stock	29273V100	224	16,932	SH		SOLE		16,932	0	0
EATON VANCE CORP COM NON VTG	Stock	278265103	314	8,931	SH		SOLE		8,931	0	0
META FINL GROUP INC COM	Stock	59100U108	251	12,937	SH		SOLE		12,937	0	0
CAMBRIDGE BANCORP COM	Stock	132152109	2,228	26,757	SH		SOLE		26,757	0	0
SANCHEZ ENERGY CORP COM	Stock	79970Y105	5	18,275	SH		SOLE		18,275	0	0
VISA INC COM CL A	Stock	92826C839	369	2,800	SH		SOLE		2,800	0	0
HERSHEY CO COM	Stock	427866108	305	2,850	SH		SOLE		2,850	0	0
CELGENE CORP COM	Stock	151020104	318	4,967	SH		SOLE		4,967	0	0
PIONEER NAT RES CO COM	Stock	723787107	1,619	12,311	SH		SOLE		12,311	0	0
MCDERMOTT INTL INC COM	Stock	580037703	264	40,442	SH		SOLE		40,442	0	0
CIMAREX ENERGY CO COM	Stock	171798101	721	11,694	SH		SOLE		11,694	0	0
CF INDS HLDGS INC COM	Stock	125269100	1,275	29,307	SH		SOLE		29,307	0	0
ENBRIDGE INC COM	Stock	29250N105	403	12,962	SH		SOLE		12,962	0	0
EOG RES INC COM	Stock	26875P101	1,460	16,736	SH		SOLE		16,736	0	0
MOSAIC CO NEW COM	Stock	61945C103	1,080	36,977	SH		SOLE		36,977	0	0
ABBVIE INC COM	Stock	00287Y109	1,934	20,976	SH		SOLE		20,976	0	0
RANGE RES CORP COM	Stock	75281A109	226	23,625	SH		SOLE		23,625	0	0
SM ENERGY CO COM	Stock	78454L100	487	31,440	SH		SOLE		31,440	0	0
BLACKSTONE GROUP L P COM UNIT LTD	Stock	09253U108	396	13,300	SH		SOLE		13,300	0	0
SEACOAST BKG CORP FLA COM NEW	Stock	811707801	203	7,815	SH		SOLE		7,815	0	0
SYNOVUS FINL CORP COM NEW	Stock	87161C501	892	27,875	SH		SOLE		27,875	0	0
LYON WILLIAM HOMES CL A NEW	Stock	552074700	539	50,450	SH		SOLE		50,450	0	0
AT&T INC COM	Stock	00206R102	657	23,015	SH		SOLE		23,015	0	0
PHYSICIANS RLTY TR COM	REIT	71943U104	240	15,000	SH		SOLE		15,000	0	0
GENERAL ELECTRIC CO COM	Stock	369604103	203	26,775	SH		SOLE		26,775	0	0
NOBLE CORP PLC SHS USD	Stock	G65431101	683	260,530	SH		SOLE		260,530	0	0
SCORPIO BULKERS INC COM	Stock	Y7546A122	134	24,145	SH		SOLE		24,145	0	0
WELLS FARGO CO NEW COM	Stock	949746101	1,199	26,018	SH		SOLE		26,018	0	0
CONCHO RES INC COM	Stock	20605P101	474	4,610	SH		SOLE		4,610	0	0
UNION PAC CORP COM	Stock	907818108	218	1,580	SH		SOLE		1,580	0	0
JPMORGAN CHASE & CO COM	Stock	46625H100	1,053	10,785	SH		SOLE		10,785	0	0
CHEVRON CORP NEW COM	Stock	166764100	1,874	17,225	SH		SOLE		17,225	0	0
CINCINNATI FINL CORP COM	Stock	172062101	244	3,150	SH		SOLE		3,150	0	0
BANK AMER CORP COM	Stock	060505104	308	12,490	SH		SOLE		12,490	0	0
INTERNATIONAL BUSINESS MACHS COM	Stock	459200101	1,548	13,618	SH		SOLE		13,618	0	0
PFIZER INC COM	Stock	717081103	2,068	47,367	SH		SOLE		47,367	0	0
3M CO COM	Stock	88579Y101	253	1,328	SH		SOLE		1,328	0	0
GILEAD SCIENCES INC COM	Stock	375558103	1,529	24,452	SH		SOLE		24,452	0	0
CATERPILLAR INC DEL COM	Stock	149123101	381	3,000	SH		SOLE		3,000	0	0
AMERICAN EXPRESS CO COM	Stock	025816109	567	5,950	SH		SOLE		5,950	0	0
UNITED STATES STL CORP NEW COM	Stock	912909108	314	17,230	SH		SOLE		17,230	0	0
ZIONS BANCORPORATION N A COM	Stock	989701107	436	10,710	SH		SOLE		10,710	0	0
PARSLEY ENERGY INC CL A	Stock	701877102	596	37,269	SH		SOLE		37,269	0	0
EATON CORP PLC SHS	Stock	G29183103	250	3,640	SH		SOLE		3,640	0	0
FRP HLDGS INC COM	Stock	30292L107	497	10,800	SH		SOLE		10,800	0	0
BRISTOL MYERS SQUIBB CO COM	Stock	110122108	1,753	33,728	SH		SOLE		33,728	0	0
EXXON MOBIL CORP COM	Stock	30231G102	1,044	15,310	SH		SOLE		15,310	0	0
TRAVELERS COMPANIES INC COM	Stock	89417E109	336	2,805	SH		SOLE		2,805	0	0
PACWEST BANCORP DEL COM	Stock	695263103	274	8,228	SH		SOLE		8,228	0	0
DEERE & CO COM	Stock	244199105	714	4,785	SH		SOLE		4,785	0	0
COLGATE PALMOLIVE CO COM	Stock	194162103	561	9,425	SH		SOLE		9,425	0	0
TRITON INTL LTD CL A	Stock	G9078F107	518	16,656	SH		SOLE		16,656	0	0
BANK HAWAII CORP COM	Stock	062540109	251	3,727	SH		SOLE		3,727	0	0
WESTROCK CO COM	Stock	96145D105	846	22,415	SH		SOLE		22,415	0	0
CAPSTEAD MTG CORP COM NO PAR	REIT	14067E506	329	49,325	SH		SOLE		49,325	0	0
BANNER CORP COM NEW	Stock	06652V208	692	12,940	SH		SOLE		12,940	0	0
APPLE INC COM	Stock	037833100	631	4,000	SH		SOLE		4,000	0	0
UNITED CMNTY BKS BLAIRSVLE GA COM	Stock	90984P303	596	27,782	SH		SOLE		27,782	0	0
ABBOTT LABS COM	Stock	002824100	657	9,084	SH		SOLE		9,084	0	0
DISNEY WALT CO COM DISNEY	Stock	254687106	972	8,868	SH		SOLE		8,868	0	0