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	258	145	SH		SOLE		145	0	0
ONEMAIN HLDGS INC COM	Stock	68268W103	953	30,024	SH		SOLE		30,024	0	0
CENTRAL SECS CORP COM	CEF	155123102	831	29,000	SH		SOLE		29,000	0	0
VULCAN MATLS CO COM	Stock	929160109	710	6,000	SH		SOLE		6,000	0	0
JOHNSON & JOHNSON COM	Stock	478160104	836	5,981	SH		SOLE		5,981	0	0
AK STL HLDG CORP COM	Stock	001547108	41	15,000	SH		SOLE		15,000	0	0
NOBLE ENERGY INC COM	Stock	655044105	1,899	76,779	SH		SOLE		76,779	0	0
ROYAL DUTCH SHELL PLC SPONS ADR A	ADR	780259206	335	5,350	SH		SOLE		5,350	0	0
PROCTER AND GAMBLE CO COM	Stock	742718109	231	2,217	SH		SOLE		2,217	0	0
COCA COLA CO COM	Stock	191216100	268	5,722	SH		SOLE		5,722	0	0
GENERAL MLS INC COM	Stock	370334104	1,220	23,580	SH		SOLE		23,580	0	0
ENTERPRISE PRODS PARTNERS L P COM	Stock	293792107	416	14,280	SH		SOLE		14,280	0	0
INTEL CORP COM	Stock	458140100	721	13,429	SH		SOLE		13,429	0	0
WESTERN ALLIANCE BANCORP COM	Stock	957638109	1,378	33,582	SH		SOLE		33,582	0	0
STAR BULK CARRIERS CORP SHS PAR	Stock	Y8162K204	120	18,178	SH		SOLE		18,178	0	0
PACCAR INC COM	Stock	693718108	504	7,401	SH		SOLE		7,401	0	0
EAGLE BULK SHIPPING INC SHS NEW	Stock	Y2187A143	87	18,625	SH		SOLE		18,625	0	0
BANCORP INC DEL COM	Stock	05969A105	2,328	288,081	SH		SOLE		288,081	0	0
MERCK & CO INC COM	Stock	58933Y105	2,125	25,552	SH		SOLE		25,551	0	0
ANNALY CAP MGMT INC COM	REIT	035710409	611	61,180	SH		SOLE		61,180	0	0
NVR INC COM	Stock	62944T105	3,412	1,233	SH		SOLE		1,233	0	0
CHUBB LIMITED COM	Stock	H1467J104	939	6,704	SH		SOLE		6,704	0	0
PEPSICO INC COM	Stock	713448108	634	5,175	SH		SOLE		5,175	0	0
HONEYWELL INTL INC COM	Stock	438516106	1,547	9,732	SH		SOLE		9,732	0	0
HOME DEPOT INC COM	Stock	437076102	418	2,180	SH		SOLE		2,180	0	0
TRISTATE CAP HLDGS INC COM	Stock	89678F100	1,005	49,185	SH		SOLE		49,185	0	0
ENSCO ROWAN PLC SHS CLASS A	Stock	G3166L100	900	228,958	SH		SOLE		228,958	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Stock	084670702	1,727	8,597	SH		SOLE		8,597	0	0
ADOBE INC COM	Stock	00724F101	533	2,000	SH		SOLE		2,000	0	0
WEYERHAEUSER CO COM	Stock	962166104	460	17,460	SH		SOLE		17,460	0	0
LENNAR CORP CL A	Stock	526057104	1,631	33,215	SH		SOLE		33,215	0	0
V F CORP COM	Stock	918204108	354	4,070	SH		SOLE		4,070	0	0
BOEING CO COM	Stock	097023105	473	1,241	SH		SOLE		1,241	0	0
OASIS PETE INC NEW COM	Stock	674215108	145	24,015	SH		SOLE		24,015	0	0
NABORS INDUSTRIES LTD SHS	Stock	G6359F103	158	45,990	SH		SOLE		45,990	0	0
WEATHERFORD INTL PLC ORD SHS	Stock	G48833100	18	26,000	SH		SOLE		26,000	0	0
BROWN FORMAN CORP CL A	Stock	115637100	623	12,175	SH		SOLE		12,175	0	0
GENERAL MTRS CO COM	Stock	37045V100	841	22,664	SH		SOLE		22,664	0	0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	Stock	726503105	504	20,550	SH		SOLE		20,550	0	0
LILLY ELI & CO COM	Stock	532457108	1,276	9,831	SH		SOLE		9,831	0	0
TEKLA HEALTHCARE INVS SH BEN INT	CEF	87911J103	349	17,000	SH		SOLE		17,000	0	0
GOLAR LNG PARTNERS LP COM UNIT LPI	Stock	Y2745C102	206	15,920	SH		SOLE		15,920	0	0
MARTIN MIDSTREAM PRTNRS L P UNIT L P INT	Stock	573331105	189	15,150	SH		SOLE		15,150	0	0
BROWN FORMAN CORP CL B	Stock	115637209	882	16,705	SH		SOLE		16,705	0	0
BOK FINL CORP COM NEW	Stock	05561Q201	628	7,701	SH		SOLE		7,701	0	0
ALLERGAN PLC SHS	Stock	G0177J108	1,016	6,937	SH		SOLE		6,937	0	0
ENERGY TRANSFER LP COM UT LTD PTN	Stock	29273V100	372	24,232	SH		SOLE		24,232	0	0
EATON VANCE CORP COM NON VTG	Stock	278265103	384	9,531	SH		SOLE		9,531	0	0
META FINL GROUP INC COM	Stock	59100U108	266	13,518	SH		SOLE		13,518	0	0
CAMBRIDGE BANCORP COM	Stock	132152109	2,133	25,744	SH		SOLE		25,744	0	0
SANCHEZ ENERGY CORP COM	Stock	79970Y105	3	17,375	SH		SOLE		17,375	0	0
VISA INC COM CL A	Stock	92826C839	437	2,800	SH		SOLE		2,800	0	0
HERSHEY CO COM	Stock	427866108	281	2,450	SH		SOLE		2,450	0	0
BANC OF CALIFORNIA INC COM	Stock	05990K106	242	17,515	SH		SOLE		17,515	0	0
DIAMONDBACK ENERGY INC COM	Stock	25278X109	390	3,839	SH		SOLE		3,839	0	0
PIONEER NAT RES CO COM	Stock	723787107	1,987	13,051	SH		SOLE		13,051	0	0
MCDERMOTT INTL INC COM	Stock	580037703	363	48,824	SH		SOLE		48,824	0	0
CIMAREX ENERGY CO COM	Stock	171798101	829	11,856	SH		SOLE		11,856	0	0
CF INDS HLDGS INC COM	Stock	125269100	1,184	28,974	SH		SOLE		28,974	0	0
ENBRIDGE INC COM	Stock	29250N105	514	14,162	SH		SOLE		14,162	0	0
EOG RES INC COM	Stock	26875P101	1,654	17,381	SH		SOLE		17,381	0	0
MOSAIC CO NEW COM	Stock	61945C103	957	35,039	SH		SOLE		35,039	0	0
ABBVIE INC COM	Stock	00287Y109	1,723	21,374	SH		SOLE		21,374	0	0
RANGE RES CORP COM	Stock	75281A109	270	24,000	SH		SOLE		24,000	0	0
SM ENERGY CO COM	Stock	78454L100	705	40,317	SH		SOLE		40,317	0	0
BLACKSTONE GROUP L P COM UNIT LTD	Stock	09253U108	494	14,140	SH		SOLE		14,140	0	0
SEACOAST BKG CORP FLA COM NEW	Stock	811707801	202	7,660	SH		SOLE		7,660	0	0
SYNOVUS FINL CORP COM NEW	Stock	87161C501	642	18,673	SH		SOLE		18,673	0	0
MGM RESORTS INTERNATIONAL COM	Stock	552953101	229	8,925	SH		SOLE		8,925	0	0
LYON WILLIAM HOMES CL A NEW	Stock	552074700	718	46,745	SH		SOLE		46,745	0	0
AT&T INC COM	Stock	00206R102	980	31,260	SH		SOLE		31,260	0	0
PHYSICIANS RLTY TR COM	REIT	71943U104	285	15,175	SH		SOLE		15,175	0	0
GENERAL ELECTRIC CO COM	Stock	369604103	267	26,775	SH		SOLE		26,775	0	0
NOBLE CORP PLC SHS USD	Stock	G65431101	870	303,195	SH		SOLE		303,195	0	0
SCORPIO BULKERS INC COM	Stock	Y7546A122	106	27,630	SH		SOLE		27,630	0	0
WELLS FARGO CO NEW COM	Stock	949746101	1,193	24,688	SH		SOLE		24,688	0	0
CONCHO RES INC COM	Stock	20605P101	846	7,623	SH		SOLE		7,623	0	0
UNION PACIFIC CORP COM	Stock	907818108	264	1,580	SH		SOLE		1,580	0	0
JPMORGAN CHASE & CO COM	Stock	46625H100	1,115	11,010	SH		SOLE		11,010	0	0
CHEVRON CORP NEW COM	Stock	166764100	2,223	18,043	SH		SOLE		18,043	0	0
CINCINNATI FINL CORP COM	Stock	172062101	279	3,250	SH		SOLE		3,250	0	0
DANAHER CORPORATION COM	Stock	235851102	226	1,711	SH		SOLE		1,711	0	0
BANK AMER CORP COM	Stock	060505104	359	13,015	SH		SOLE		13,015	0	0
INTERNATIONAL BUSINESS MACHS COM	Stock	459200101	1,979	14,029	SH		SOLE		14,029	0	0
PFIZER INC COM	Stock	717081103	1,987	46,794	SH		SOLE		46,794	0	0
3M CO COM	Stock	88579Y101	328	1,578	SH		SOLE		1,578	0	0
GILEAD SCIENCES INC COM	Stock	375558103	1,583	24,356	SH		SOLE		24,356	0	0
CATERPILLAR INC DEL COM	Stock	149123101	406	3,000	SH		SOLE		3,000	0	0
ALPHABET INC CAP STK CL C	Stock	02079K107	377	321	SH		SOLE		321	0	0
AMERICAN EXPRESS CO COM	Stock	025816109	724	6,625	SH		SOLE		6,625	0	0
ZIONS BANCORPORATION N A COM	Stock	989701107	404	8,900	SH		SOLE		8,900	0	0
PARSLEY ENERGY INC CL A	Stock	701877102	918	47,569	SH		SOLE		47,569	0	0
EATON CORP PLC SHS	Stock	G29183103	272	3,380	SH		SOLE		3,380	0	0
FRP HLDGS INC COM	Stock	30292L107	514	10,800	SH		SOLE		10,800	0	0
BRISTOL MYERS SQUIBB CO COM	Stock	110122108	1,596	33,443	SH		SOLE		33,443	0	0
EXXON MOBIL CORP COM	Stock	30231G102	1,309	16,195	SH		SOLE		16,195	0	0
TRAVELERS COMPANIES INC COM	Stock	89417E109	377	2,750	SH		SOLE		2,750	0	0
ROYAL DUTCH SHELL PLC SPON ADR B	ADR	780259107	213	3,336	SH		SOLE		3,336	0	0
PACWEST BANCORP DEL COM	Stock	695263103	347	9,228	SH		SOLE		9,228	0	0
DEERE & CO COM	Stock	244199105	738	4,620	SH		SOLE		4,620	0	0
COLGATE PALMOLIVE CO COM	Stock	194162103	721	10,525	SH		SOLE		10,525	0	0
TRITON INTL LTD CL A	Stock	G9078F107	733	23,558	SH		SOLE		23,558	0	0
BANK HAWAII CORP COM	Stock	062540109	292	3,702	SH		SOLE		3,702	0	0
WESTROCK CO COM	Stock	96145D105	1,338	34,890	SH		SOLE		34,890	0	0
CAPSTEAD MTG CORP COM NO PAR	REIT	14067E506	447	52,025	SH		SOLE		52,025	0	0
BANNER CORP COM NEW	Stock	06652V208	690	12,735	SH		SOLE		12,735	0	0
APPLE INC COM	Stock	037833100	749	3,944	SH		SOLE		3,944	0	0
UNITED CMNTY BKS BLAIRSVLE GA COM	Stock	90984P303	623	24,975	SH		SOLE		24,975	0	0
ABBOTT LABS COM	Stock	002824100	707	8,845	SH		SOLE		8,845	0	0
DISNEY WALT CO COM DISNEY	Stock	254687106	1,032	9,297	SH		SOLE		9,297	0	0