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
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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	223	1,276	SH		SOLE		1,276	0	0
Abbott Laboratories	cs	002824100	773	7,057	SH		SOLE		7,057	0	0
AbbVie Inc	cs	00287y109	2,337	21,812	SH		SOLE		21,812	0	0
Adobe Inc	cs	00724f101	938	1,875	SH		SOLE		1,875	0	0
Alphabet Inc Cap Stock Cl C	cs	02079k107	1,557	889	SH		SOLE		889	0	0
Amazon.com Inc	cs	023135106	287	88	SH		SOLE		88	0	0
American Express Co	cs	025816109	608	5,027	SH		SOLE		5,027	0	0
Analog Devices Inc	cs	032654105	222	1,500	SH		SOLE		1,500	0	0
Apple Inc	cs	037833100	1,229	9,264	SH		SOLE		9,264	0	0
AT&T Inc	cs	00206r102	1,364	47,420	SH		SOLE		47,420	0	0
Banc Of California Inc	cs	05990k106	1,329	90,350	SH		SOLE		90,350	0	0
Bancorp Inc	cs	05969a105	3,075	225,269	SH		SOLE		225,269	0	0
Bank America Corp	cs	060505104	782	25,791	SH		SOLE		25,791	0	0
Bank Hawaii Corp	cs	062540109	207	2,707	SH		SOLE		2,707	0	0
Banner Corp	cs	06652v208	618	13,259	SH		SOLE		13,259	0	0
Berkshire Hathaway Inc Cl B	cs	084670702	1,698	7,322	SH		SOLE		7,322	0	0
Biogen Inc	cs	09062x103	371	1,516	SH		SOLE		1,516	0	0
Blackstone Group Inc Cl A	cs	09260d107	601	9,280	SH		SOLE		9,280	0	0
Boeing Co	cs	097023105	482	2,252	SH		SOLE		2,252	0	0
Booking Holdings Inc	cs	09857l108	661	297	SH		SOLE		297	0	0
Bristol-Myers Squibb Co	cs	110122108	1,938	31,239	SH		SOLE		31,239	0	0
Brown Forman Corp Cl A	cs	115637100	851	11,580	SH		SOLE		11,580	0	0
Brown Forman Corp Cl B	cs	115637209	1,199	15,100	SH		SOLE		15,100	0	0
Cambridge Bancorp	cs	132152109	1,419	20,338	SH		SOLE		20,338	0	0
Caterpillar Inc	cs	149123101	582	3,200	SH		SOLE		3,200	0	0
Central Securities Corp	cs	155123102	849	26,000	SH		SOLE		26,000	0	0
CF Industries Holdings Inc	cs	125269100	1,563	40,373	SH		SOLE		40,373	0	0
Chevron Corp	cs	166764100	2,166	25,647	SH		SOLE		2,166	0	0
Chubb Limited	cs	h1467j104	615	3,995	SH		SOLE		3,995	0	0
Cimarex Energy Co	cs	171798101	1,192	31,767	SH		SOLE		31,767	0	0
Cincinnati Financial Corp	cs	172062101	275	3,150	SH		SOLE		3,150	0	0
Cisco Systems Inc	cs	17275r102	1,460	32,617	SH		SOLE		32,617	0	0
Citigroup Inc	cs	172967424	488	7,911	SH		SOLE		7,911	0	0
Coca-Cola Co	cs	191216100	314	5,722	SH		SOLE		5,722	0	0
Colgate Palmolive Co	cs	194162103	693	8,105	SH		SOLE		8,105	0	0
Concho Resources Inc	cs	20605p101	1,000	17,140	SH		SOLE		17,140	0	0
Curo Group Holdings Corp	cs	23131l107	364	25,420	SH		SOLE		25,420	0	0
CVS Health Corp	cs	126650100	1,176	17,214	SH		SOLE		17,214	0	0
Danaher Corp	cs	235851102	230	1,034	SH		SOLE		1,034	0	0
Deere & Co	cs	244199105	870	3,235	SH		SOLE		3,235	0	0
Diamondback Energy Inc	cs	25278x109	1,107	22,871	SH		SOLE		22,871	0	0
Disney Walt Co Disney	cs	254687106	1,980	10,927	SH		SOLE		10,927	0	0
Eagle Bulk Shipping Inc Com	cs	y2187a150	211	11,081	SH		SOLE		11,081	0	0
Eaton Vance Corp Non Vtg	cs	278265103	723	10,650	SH		SOLE		10,650	0	0
Emerson Electric Co	cs	291011104	209	2,600	SH		SOLE		2,600	0	0
Enbridge Inc	cs	29250n105	428	13,370	SH		SOLE		13,370	0	0
EOG Resources Inc	cs	26875p101	824	16,519	SH		SOLE		16,519	0	0
Expedia Inc	cs	30212p303	605	4,571	SH		SOLE		4,571	0	0
Exxon Mobil Corp	cs	30231g102	632	15,343	SH		SOLE		15,343	0	0
First Acceptance Corp	cs	318457108	40	27,500	SH		SOLE		27,500	0	0
Frp Holdings Inc	cs	30292l107	492	10,800	SH		SOLE		10,800	0	0
General Electric Co	cs	369604103	1,445	133,751	SH		SOLE		133,751	0	0
General Mills Inc	cs	370334104	1,071	18,210	SH		SOLE		18,210	0	0
General Motors Co	cs	37045v100	1,259	30,233	SH		SOLE		30,233	0	0
Gilead Sciences Inc	cs	375558103	1,024	17,581	SH		SOLE		17,581	0	0
Hershey Co	cs	427866108	308	2,025	SH		SOLE		2,025	0	0
Home Depot Inc	cs	437076102	452	1,700	SH		SOLE		1,700	0	0
Honeywell Intl Inc	cs	438516106	1,673	7,867	SH		SOLE		7,867	0	0
Intel Corp	cs	458140100	805	16,167	SH		SOLE		16,167	0	0
Intl Business Machines	cs	459200101	1,494	11,867	SH		SOLE		11,867	0	0
Johnson & Johnson	cs	478160104	838	5,324	SH		SOLE		5,324	0	0
JPMorgan Chase & Co	cs	46625h100	972	7,650	SH		SOLE		7,650	0	0
Kinder Morgan Inc	cs	49456b101	195	14,275	SH		SOLE		14,275	0	0
Lennar Corp Cl A	cs	526057104	1,560	20,466	SH		SOLE		20,466	0	0
Lilly Eli & Co	cs	532457108	1,009	5,974	SH		SOLE		5,974	0	0
Merck & Co Inc	cs	58933y105	1,498	18,313	SH		SOLE		18,313	0	0
Meta Financial Group Inc	cs	59100u108	671	18,356	SH		SOLE		18,356	0	0
MGM Resorts International	cs	552953101	287	9,100	SH		SOLE		9,100	0	0
Micron Technology Inc	cs	595112103	741	9,852	SH		SOLE		9,852	0	0
Microsoft Corp	cs	594918104	327	1,471	SH		SOLE		1,471	0	0
Nabors Industries Ltd Shs	cs	g6359f137	201	3,455	SH		SOLE		3,455	0	0
Noble Corp PLC USD	cs	g65431101	0	20,000	SH		SOLE		20,000	0	0
NVR Inc	cs	62944t105	2,550	625	SH		SOLE		625	0	0
Onemain Holdings Inc	cs	68268w103	1,023	21,235	SH		SOLE		21,235	0	0
Paccar Inc	cs	693718108	339	3,929	SH		SOLE		3,929	0	0
PacWest Bancorp Del	cs	695263103	1,133	44,601	SH		SOLE		44,601	0	0
Parsley Energy Inc Cl A	cs	701877102	1,013	71,361	SH		SOLE		71,361	0	0
PepsiCo Inc	cs	713448108	617	4,160	SH		SOLE		4,160	0	0
Pfizer Inc	cs	717081103	1,609	43,705	SH		SOLE		43,705	0	0
Pioneer Natural Resources Co	cs	723787107	1,192	10,465	SH		SOLE		10,465	0	0
Procter And Gamble Co	cs	742718109	255	1,830	SH		SOLE		1,830	0	0
Seacoast Banking Corp FL	cs	811707801	212	7,185	SH		SOLE		7,185	0	0
SM Energy Co	cs	78454l100	240	39,230	SH		SOLE		39,230	0	0
Star Bulk Carriers Corp Par	cs	y8162k204	280	31,731	SH		SOLE		31,731	0	0
Synovus Financial Corp	cs	87161c501	456	14,075	SH		SOLE		14,075	0	0
Tesla Inc	cs	88160r101	378	535	SH		SOLE		535	0	0
Travelers Companies Inc	cs	89417e109	214	1,525	SH		SOLE		1,525	0	0
TriState Capital Holdings Inc	cs	89678f100	1,364	78,383	SH		SOLE		78,383	0	0
Triton Intl Ltd Cl A	cs	g9078f107	1,878	38,716	SH		SOLE		38,716	0	0
Union Pacific Corp	cs	907818108	255	1,225	SH		SOLE		1,225	0	0
United Community Banks Blairsv	cs	90984p303	396	13,925	SH		SOLE		13,925	0	0
VF Corp	cs	918204108	315	3,690	SH		SOLE		3,690	0	0
Visa Inc Cl A	cs	92826c839	344	1,575	SH		SOLE		1,575	0	0
Vulcan Materials Co	cs	929160109	816	5,500	SH		SOLE		5,500	0	0
Wells Fargo & Co	cs	949746101	511	16,930	SH		SOLE		16,930	0	0
Western Alliance Bancorp	cs	957638109	1,927	32,145	SH		SOLE		32,145	0	0
Westrock Co	cs	96145d105	2,071	47,567	SH		SOLE		47,567	0	0
Zions Bancorporation	cs	989701107	248	5,700	SH		SOLE		5,700	0	0
Fidelity Tr 500 Index Ins Prem	mf	315911750	2,342	17,993	SH		SOLE		17,993	0	0
Tekla Healthcare Invs	mf	87911j103	357	15,000	SH		SOLE		15,000	0	0
Enterprise Products Partners L	ml	293792107	332	16,924	SH		SOLE		16,924	0	0
Plains All American Pipeline L	ml	726503105	187	22,650	SH		SOLE		22,650	0	0
Annaly Cap Mgmt Inc	re	035710409	285	33,756	SH		SOLE		33,756	0	0
Iron Mountain Inc	re	46284v101	1,032	34,997	SH		SOLE		34,997	0	0
Physicians Realty Trust	re	71943u104	654	36,762	SH		SOLE		36,762	0	0
Weyerhaeuser Co	re	962166104	1,669	49,787	SH		SOLE		49,787	0	0
Genco Shipping & Trading Ltd W	wt	y2685t123	3	96,000	SH		SOLE		96,000	0	0