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	254	134	SH		SOLE		134	0	0
ONEMAIN HLDGS INC COM	Stock	68268W103	972	28,744	SH		SOLE		28,744	0	0
CENTRAL SECS CORP COM	CEF	155123102	885	29,000	SH		SOLE		29,000	0	0
VULCAN MATLS CO COM	Stock	929160109	824	6,000	SH		SOLE		6,000	0	0
JOHNSON & JOHNSON COM	Stock	478160104	811	5,821	SH		SOLE		5,821	0	0
NOBLE ENERGY INC COM	Stock	655044105	1,631	72,794	SH		SOLE		72,794	0	0
ROYAL DUTCH SHELL PLC SPONS ADR A	ADR	780259206	322	4,950	SH		SOLE		4,950	0	0
PROCTER AND GAMBLE CO COM	Stock	742718109	232	2,117	SH		SOLE		2,117	0	0
COCA COLA CO COM	Stock	191216100	291	5,722	SH		SOLE		5,722	0	0
GENERAL MLS INC COM	Stock	370334104	1,233	23,480	SH		SOLE		23,480	0	0
ENTERPRISE PRODS PARTNERS L P COM	Stock	293792107	412	14,280	SH		SOLE		14,280	0	0
INTEL CORP COM	Stock	458140100	632	13,210	SH		SOLE		13,210	0	0
WESTERN ALLIANCE BANCORP COM	Stock	957638109	1,483	33,157	SH		SOLE		33,157	0	0
STAR BULK CARRIERS CORP SHS PAR	Stock	Y8162K204	200	20,735	SH		SOLE		20,735	0	0
PACCAR INC COM	Stock	693718108	530	7,401	SH		SOLE		7,401	0	0
EAGLE BULK SHIPPING INC SHS NEW	Stock	Y2187A143	98	18,625	SH		SOLE		18,625	0	0
BANCORP INC DEL COM	Stock	05969A105	2,338	262,161	SH		SOLE		262,161	0	0
MERCK & CO INC COM	Stock	58933Y105	1,899	22,643	SH		SOLE		22,642	0	0
ANNALY CAP MGMT INC COM	REIT	035710409	270	29,530	SH		SOLE		29,530	0	0
NVR INC COM	Stock	62944T105	3,458	1,026	SH		SOLE		1,026	0	0
CHUBB LIMITED COM	Stock	H1467J104	976	6,629	SH		SOLE		6,629	0	0
PEPSICO INC COM	Stock	713448108	672	5,125	SH		SOLE		5,125	0	0
HONEYWELL INTL INC COM	Stock	438516106	1,641	9,401	SH		SOLE		9,401	0	0
HOME DEPOT INC COM	Stock	437076102	422	2,030	SH		SOLE		2,030	0	0
TRISTATE CAP HLDGS INC COM	Stock	89678F100	1,166	54,635	SH		SOLE		54,635	0	0
ENSCO ROWAN PLC SHS CLASS A	Stock	G3166L100	571	66,998	SH		SOLE		66,998	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	Stock	084670702	1,823	8,552	SH		SOLE		8,552	0	0
ADOBE INC COM	Stock	00724F101	589	2,000	SH		SOLE		2,000	0	0
WEYERHAEUSER CO COM	Stock	962166104	823	31,264	SH		SOLE		31,264	0	0
LENNAR CORP CL A	Stock	526057104	1,566	32,315	SH		SOLE		32,315	0	0
CVS HEALTH CORP COM	Stock	126650100	414	7,605	SH		SOLE		7,605	0	0
V F CORP COM	Stock	918204108	356	4,070	SH		SOLE		4,070	0	0
BOEING CO COM	Stock	097023105	458	1,259	SH		SOLE		1,259	0	0
OASIS PETE INC NEW COM	Stock	674215108	154	27,115	SH		SOLE		27,115	0	0
NABORS INDUSTRIES LTD SHS	Stock	G6359F103	124	42,615	SH		SOLE		42,615	0	0
BROWN FORMAN CORP CL A	Stock	115637100	719	13,069	SH		SOLE		13,069	0	0
GENERAL MTRS CO COM	Stock	37045V100	902	23,414	SH		SOLE		23,414	0	0
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	Stock	726503105	498	20,450	SH		SOLE		20,450	0	0
LILLY ELI & CO COM	Stock	532457108	1,010	9,115	SH		SOLE		9,115	0	0
TEKLA HEALTHCARE INVS SH BEN INT	CEF	87911J103	341	17,000	SH		SOLE		17,000	0	0
GOLAR LNG PARTNERS LP COM UNIT LPI	Stock	Y2745C102	172	15,220	SH		SOLE		15,220	0	0
BROWN FORMAN CORP CL B	Stock	115637209	895	16,155	SH		SOLE		16,155	0	0
BOK FINL CORP COM NEW	Stock	05561Q201	525	6,956	SH		SOLE		6,956	0	0
ALLERGAN PLC SHS	Stock	G0177J108	887	5,297	SH		SOLE		5,297	0	0
ENERGY TRANSFER LP COM UT LTD PTN	Stock	29273V100	397	28,182	SH		SOLE		28,182	0	0
EATON VANCE CORP COM NON VTG	Stock	278265103	406	9,406	SH		SOLE		9,406	0	0
META FINL GROUP INC COM	Stock	59100U108	346	12,318	SH		SOLE		12,318	0	0
CAMBRIDGE BANCORP COM	Stock	132152109	2,010	24,664	SH		SOLE		24,664	0	0
VISA INC COM CL A	Stock	92826C839	434	2,500	SH		SOLE		2,500	0	0
HERSHEY CO COM	Stock	427866108	328	2,450	SH		SOLE		2,450	0	0
BANC OF CALIFORNIA INC COM	Stock	05990K106	471	33,750	SH		SOLE		33,750	0	0
DIAMONDBACK ENERGY INC COM	Stock	25278X109	543	4,982	SH		SOLE		4,982	0	0
PIONEER NAT RES CO COM	Stock	723787107	1,992	12,950	SH		SOLE		12,950	0	0
MCDERMOTT INTL INC COM	Stock	580037703	544	56,313	SH		SOLE		56,313	0	0
CIMAREX ENERGY CO COM	Stock	171798101	723	12,186	SH		SOLE		12,186	0	0
CF INDS HLDGS INC COM	Stock	125269100	1,344	28,774	SH		SOLE		28,774	0	0
ENBRIDGE INC COM	Stock	29250N105	506	14,025	SH		SOLE		14,025	0	0
EOG RES INC COM	Stock	26875P101	1,701	18,256	SH		SOLE		18,256	0	0
ABBVIE INC COM	Stock	00287Y109	1,576	21,669	SH		SOLE		21,669	0	0
RANGE RES CORP COM	Stock	75281A109	176	25,250	SH		SOLE		25,250	0	0
SM ENERGY CO COM	Stock	78454L100	567	45,292	SH		SOLE		45,292	0	0
MACYS INC COM	Stock	55616P104	209	9,737	SH		SOLE		9,737	0	0
BLACKSTONE GROUP INC COM CL A	Stock	09260D107	621	13,970	SH		SOLE		13,970	0	0
SYNOVUS FINL CORP COM NEW	Stock	87161C501	545	15,566	SH		SOLE		15,566	0	0
MGM RESORTS INTERNATIONAL COM	Stock	552953101	255	8,925	SH		SOLE		8,925	0	0
LYON WILLIAM HOMES CL A NEW	Stock	552074700	842	46,165	SH		SOLE		46,165	0	0
AT&T INC COM	Stock	00206R102	1,201	35,835	SH		SOLE		35,835	0	0
PHYSICIANS RLTY TR COM	REIT	71943U104	265	15,175	SH		SOLE		15,175	0	0
GENERAL ELECTRIC CO COM	Stock	369604103	278	26,475	SH		SOLE		26,475	0	0
NOBLE CORP PLC SHS USD	Stock	G65431101	642	343,085	SH		SOLE		343,085	0	0
SCORPIO BULKERS INC COM	Stock	Y7546A122	149	32,370	SH		SOLE		32,370	0	0
WELLS FARGO CO NEW COM	Stock	949746101	1,121	23,689	SH		SOLE		23,689	0	0
CONCHO RES INC COM	Stock	20605P101	1,011	9,797	SH		SOLE		9,797	0	0
UNION PACIFIC CORP COM	Stock	907818108	267	1,580	SH		SOLE		1,580	0	0
JPMORGAN CHASE & CO COM	Stock	46625H100	1,206	10,785	SH		SOLE		10,785	0	0
CHEVRON CORP NEW COM	Stock	166764100	2,238	17,983	SH		SOLE		17,983	0	0
CINCINNATI FINL CORP COM	Stock	172062101	337	3,250	SH		SOLE		3,250	0	0
DANAHER CORPORATION COM	Stock	235851102	216	1,514	SH		SOLE		1,514	0	0
BANK AMER CORP COM	Stock	060505104	357	12,325	SH		SOLE		12,325	0	0
INTERNATIONAL BUSINESS MACHS COM	Stock	459200101	2,149	15,586	SH		SOLE		15,586	0	0
PFIZER INC COM	Stock	717081103	1,976	45,619	SH		SOLE		45,619	0	0
3M CO COM	Stock	88579Y101	275	1,584	SH		SOLE		1,584	0	0
GILEAD SCIENCES INC COM	Stock	375558103	1,516	22,435	SH		SOLE		22,435	0	0
CATERPILLAR INC DEL COM	Stock	149123101	409	3,000	SH		SOLE		3,000	0	0
ALPHABET INC CAP STK CL C	Stock	02079K107	626	579	SH		SOLE		579	0	0
AMERICAN EXPRESS CO COM	Stock	025816109	818	6,625	SH		SOLE		6,625	0	0
ZIONS BANCORPORATION N A COM	Stock	989701107	409	8,900	SH		SOLE		8,900	0	0
PARSLEY ENERGY INC CL A	Stock	701877102	955	50,219	SH		SOLE		50,219	0	0
EATON CORP PLC SHS	Stock	G29183103	209	2,510	SH		SOLE		2,510	0	0
FRP HLDGS INC COM	Stock	30292L107	602	10,800	SH		SOLE		10,800	0	0
BRISTOL MYERS SQUIBB CO COM	Stock	110122108	1,636	36,076	SH		SOLE		36,076	0	0
EXXON MOBIL CORP COM	Stock	30231G102	1,256	16,395	SH		SOLE		16,395	0	0
TRAVELERS COMPANIES INC COM	Stock	89417E109	404	2,700	SH		SOLE		2,700	0	0
ROYAL DUTCH SHELL PLC SPON ADR B	ADR	780259107	219	3,336	SH		SOLE		3,336	0	0
PACWEST BANCORP DEL COM	Stock	695263103	436	11,228	SH		SOLE		11,228	0	0
DEERE & CO COM	Stock	244199105	766	4,620	SH		SOLE		4,620	0	0
COLGATE PALMOLIVE CO COM	Stock	194162103	749	10,455	SH		SOLE		10,455	0	0
TRITON INTL LTD CL A	Stock	G9078F107	1,178	35,971	SH		SOLE		35,971	0	0
BANK HAWAII CORP COM	Stock	062540109	301	3,627	SH		SOLE		3,627	0	0
WESTROCK CO COM	Stock	96145D105	1,624	44,536	SH		SOLE		44,536	0	0
CAPSTEAD MTG CORP COM NO PAR	REIT	14067E506	91	10,925	SH		SOLE		10,925	0	0
BANNER CORP COM NEW	Stock	06652V208	680	12,560	SH		SOLE		12,560	0	0
APPLE INC COM	Stock	037833100	754	3,810	SH		SOLE		3,810	0	0
UNITED CMNTY BKS BLAIRSVLE GA COM	Stock	90984P303	518	18,150	SH		SOLE		18,150	0	0
ABBOTT LABS COM	Stock	002824100	707	8,402	SH		SOLE		8,402	0	0
DISNEY WALT CO COM DISNEY	Stock	254687106	1,285	9,202	SH		SOLE		9,202	0	0