Cutter & CO Brokerage, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 25, 2024), Cutter & CO Brokerage, Inc. reported 218 stock positions worth $442.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 14.1% of the portfolio, followed by Novo-Nordisk A/S-Spons ADR (NVO, 7.6%) and Enterprise Products Partners (EPD, 4.3%). Compared with Q2 2024, it opened 22 new positions, sold out of 11, added to 69 and reduced 84. The biggest buy was Goldman Sachs Physical Gold (AAAU, shares +812%) and the biggest sale Novo-Nordisk A/S-Spons ADR (NVO, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Ballwin, MO
- CIK
- 0001406995
- Portfolio Value
- $442.1M (Q3 2024)
- SEC Filing
- 0001437749-24-032085 ↗ filed Oct 25, 2024
Holdings Value
Holdings 218 stocks · $442.1M
| BRK.B Berkshire Hathaway Inc. Class B | 14.06% | 135,107 | $62.2M | Reduce -1.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 7.59% | 281,795 | $33.6M | Reduce -0.8% |
| EPD Enterprise Products Partners | 4.34% | 659,484 | $19.2M | Add +2.7% |
| CP Canadian Pacific Kansas City | 4.02% | 208,021 | $17.8M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 3.99% | 105,532 | $17.6M | Reduce -1.6% |
| HEI Heico Corp. | 3.55% | 59,956 | $15.7M | Reduce -1.4% |
| LIN Linde PLC | 3.52% | 32,641 | $15.6M | Reduce -2.1% |
| REGN Regeneron Pharmaceuticals | 1.82% | 7,665 | $8.1M | Reduce -1.4% |
| AAPL Apple Inc. | 1.77% | 33,669 | $7.8M | Reduce -6.0% |
| ET Energy Transfer LP | 1.72% | 474,050 | $7.6M | Add +8.6% |
| AWK American Water Works Co. Inc. | 1.72% | 51,967 | $7.6M | Reduce -3.0% |
| BCPC Balchem Corp. | 1.68% | 42,198 | $7.4M | Reduce -1.8% |
| WSO Watsco Inc. | 1.40% | 12,577 | $6.2M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 1.37% | 6,860 | $6.1M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 1.37% | 32,417 | $6.0M | Add +36.4% |
| AAAU Goldman Sachs Physical Gold | 1.33% | 226,456 | $5.9M | Add +811.7% |
| META Meta Platforms Inc. Class A | 1.26% | 9,735 | $5.6M | Add +0.7% |
| OXY Occidental Petroleum Corp. | 1.23% | 105,823 | $5.5M | Add +32.5% |
| VOO Vanguard S&P 500 ETF | 1.22% | 10,221 | $5.4M | Reduce -3.5% |
| VRTX Vertex Pharmaceuticals Inc. | 1.21% | 11,542 | $5.4M | Reduce -1.6% |
| ADM Archer-Daniels-Midland Co. | 1.18% | 87,079 | $5.2M | Reduce -1.0% |
| UNP Union Pacific Corp. | 1.16% | 20,861 | $5.1M | Reduce -4.7% |
| ZBRA Zebra Technologies Corp. Class A | 1.15% | 13,693 | $5.1M | Reduce -2.9% |
| TDG Transdigm Group Inc. | 1.13% | 3,491 | $5.0M | New |
| NSC Norfolk Southern Corp. | 0.95% | 16,893 | $4.2M | Add +3.3% |
| LHX L3HARRIS Technologies Inc. | 0.95% | 17,573 | $4.2M | Add +0.6% |
| KMI Kinder Morgan Inc. | 0.92% | 184,393 | $4.1M | Reduce -4.8% |
| NOC Northrop Grumman Corp. | 0.86% | 7,165 | $3.8M | Reduce -0.7% |
| APD Air Products & Chemicals Inc. | 0.82% | 12,116 | $3.6M | Add +5.0% |
| V Visa Inc. Class A | 0.80% | 12,864 | $3.5M | Add +79.4% |
| NVDA Nvidia Corp. | 0.78% | 28,568 | $3.5M | Add +18.9% |
| MSFT Microsoft Corp. | 0.77% | 7,909 | $3.4M | Reduce -6.8% |
| MP MP Materials Corp. | 0.76% | 190,098 | $3.4M | Add +0.5% |
| PFE Pfizer Inc. | 0.73% | 112,284 | $3.2M | Reduce -5.9% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.71% | 38,136 | $3.1M | Reduce -0.9% |
| RGCO RGC Resources Inc. | 0.70% | 137,948 | $3.1M | Add +18.4% |
| JOE The St Joe Co. | 0.69% | 52,169 | $3.0M | Reduce -2.6% |
| PEP Pepsico Inc. | 0.66% | 17,163 | $2.9M | Reduce -5.1% |
| LMT Lockheed Martin Corp. | 0.66% | 4,956 | $2.9M | Reduce -3.0% |
| AVGO Broadcom Inc. | 0.65% | 16,566 | $2.9M | No change |
| CVX Chevron Corp. | 0.62% | 18,506 | $2.7M | Reduce -2.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.60% | 5,461 | $2.7M | Add +6.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.59% | 4,521 | $2.6M | Add +0.0% |
| IWM iShares Russell 2000 ETF | 0.57% | 11,371 | $2.5M | New |
| VGT Vanguard Info Tech ETF | 0.56% | 4,200 | $2.5M | Reduce -5.2% |
| NFG National Fuel Gas Co. | 0.54% | 39,182 | $2.4M | Reduce -4.1% |
| LRCX Lam Research Corp. | 0.49% | 2,646 | $2.2M | No change |
| FIXD First Trust Smith Opportunis | 0.46% | 45,321 | $2.1M | Add +2.5% |
| VDE Vanguard Energy ETF | 0.42% | 15,162 | $1.9M | Add +1.0% |
| CIBR First Trust Nasdaq Cybersecu | 0.42% | 31,169 | $1.8M | Reduce -2.2% |
| SCHD Schwab US DVD Equity ETF | 0.42% | 21,820 | $1.8M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 0.41% | 3,706 | $1.8M | Add +3.5% |
| PAGP Plains GP Holdings LP | 0.40% | 96,145 | $1.8M | Reduce -2.3% |
| VAW Vanguard Materials ETF | 0.39% | 8,218 | $1.7M | Reduce -0.5% |
| SLV iShares Silver Trust | 0.38% | 58,696 | $1.7M | Add +5.7% |
| T AT&T Inc. | 0.35% | 70,117 | $1.5M | Reduce -0.2% |
| FIW First Trust Water ETF | 0.33% | 13,284 | $1.5M | Reduce -2.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.33% | 3,419 | $1.4M | Add +0.3% |
| ABBV Abbvie Inc. | 0.33% | 7,306 | $1.4M | Reduce -1.2% |
| ARCC Ares Capital Corp. | 0.31% | 65,210 | $1.4M | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 0.31% | 8,194 | $1.4M | Reduce -6.3% |
| HII Huntington Ingalls Industrie | 0.26% | 4,409 | $1.2M | Reduce -1.6% |
| GDX Vaneck Gold Miners ETF | 0.25% | 27,431 | $1.1M | Reduce -1.1% |
| SHEL Shell PLC-ADR | 0.24% | 16,286 | $1.1M | Reduce -4.1% |
| SCHG Schwab US Large-Cap Growth | 0.24% | 10,115 | $1.1M | Add +0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 28,098 | $1.0M | Reduce -3.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 4,541 | $1.0M | Add +3.9% |
| JPM JPMorgan Chase & Co. | 0.22% | 4,640 | $978K | Add +0.4% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 18,908 | $978K | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.22% | 21,542 | $967K | Reduce -2.4% |
| HD Home Depot Inc. | 0.20% | 2,199 | $891K | Add +8.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.20% | 14,118 | $863K | Reduce -0.8% |
| BBW Build-A-Bear Workshop Inc. | 0.19% | 24,751 | $851K | No change |
| NEE Nextera Energy Inc. | 0.19% | 10,042 | $849K | Reduce -17.0% |
| BF.B Brown-Forman Corp. Class B | 0.19% | 17,102 | $841K | Reduce -5.0% |
| MRK Merck & Co. Inc. | 0.18% | 7,197 | $817K | Reduce -1.6% |
| CI The Cigna Group | 0.18% | 2,337 | $810K | Add +4.4% |
| FXO First Trust Financial Alphad | 0.18% | 15,577 | $796K | Reduce -0.6% |
| HWKN Hawkins Inc. | 0.18% | 6,242 | $796K | No change |
| BG Bunge Global SA | 0.17% | 7,951 | $768K | Add +4.2% |
| GNSS Genasys Inc. | 0.17% | 213,000 | $758K | Add +12.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.17% | 3,758 | $755K | Add +18.8% |
| IYW iShares Ustechnology ETF | 0.17% | 4,917 | $746K | Add +1.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.16% | 1 | $691K | No change |
| VLO Valero Energy Corp. | 0.15% | 4,937 | $667K | Add +1.5% |
| FV First Trust DW Focus 5 Fund | 0.14% | 10,840 | $632K | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.14% | 8,691 | $625K | Add +0.9% |
| CAH Cardinal Health Inc. | 0.14% | 5,510 | $609K | Reduce -0.3% |
| TIP iShares Tips Bond ETF | 0.14% | 5,467 | $604K | Add +2.4% |
| DHR Danaher Corp. | 0.14% | 2,151 | $598K | Add +5.7% |
| TAK Takeda Pharmaceutic-SP ADR | 0.13% | 41,185 | $586K | Reduce -1.9% |
| MCD McDonald's Corp. | 0.13% | 1,911 | $582K | Reduce -11.7% |
| WMT Walmart Inc. | 0.13% | 7,031 | $568K | Add +12.2% |
| KHC The Kraft Heinz Co. | 0.12% | 15,306 | $537K | Add +1.8% |
| XGDVX Gabelli Dividend & Income TR | 0.12% | 21,663 | $530K | Reduce -1.6% |
| PANW Palo Alto Networks Inc. | 0.12% | 1,522 | $520K | No change |
| JEPI JPMorgan Equity Premium Inco | 0.12% | 8,648 | $515K | Add +0.6% |
| VIG Vanguard Dividend Apprec ETF | 0.11% | 2,489 | $493K | Reduce -8.9% |
| COST Costco Wholesale Corp. | 0.11% | 551 | $488K | Add +0.4% |
| ARLP Alliance Resource Partners | 0.11% | 19,534 | $488K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.8% | 7.59% | −2.24 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 3.99% | −0.77 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.40 |
| LLY Eli Lilly & Co. | Reduce -2.0% | 1.37% | −0.16 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.16 |
| REGN Regeneron Pharmaceuticals | Reduce -1.4% | 1.82% | −0.16 |
| MSFT Microsoft Corp. | Reduce -6.8% | 0.77% | −0.15 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.14 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -1.6% | 1.21% | −0.12 |
| ADM Archer-Daniels-Midland Co. | Reduce -1.0% | 1.18% | −0.11 |
| BJ Bj's Wholesale Club Holdings | Reduce -0.9% | 0.71% | −0.11 |
| CVX Chevron Corp. | Reduce -2.8% | 0.62% | −0.11 |
| VVR Invesco Senior Income Trust | Sold out | 0.00% | −0.10 |
| S&W SEED CO | Reduce -5.3% | 0.08% | −0.09 |
| ENVX Enovix Corp. | Reduce -14.5% | 0.08% | −0.09 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -6.3% | 0.31% | −0.08 |
| PFE Pfizer Inc. | Reduce -5.9% | 0.73% | −0.07 |
| VOO Vanguard S&P 500 ETF | Reduce -3.5% | 1.22% | −0.06 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.06 |
| PEP Pepsico Inc. | Reduce -5.1% | 0.66% | −0.06 |
| VGT Vanguard Info Tech ETF | Reduce -5.2% | 0.56% | −0.06 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.06 |
| SHEL Shell PLC-ADR | Reduce -4.1% | 0.24% | −0.05 |
| EQRR Proshrs Eqty Rising Rate ETF | Sold out | 0.00% | −0.05 |
| AAPL Apple Inc. | Reduce -6.0% | 1.77% | −0.05 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.05 |
| PAGP Plains GP Holdings LP | Reduce -2.3% | 0.40% | −0.05 |
| WSO Watsco Inc. | Reduce -1.8% | 1.40% | −0.04 |
| UNP Union Pacific Corp. | Reduce -4.7% | 1.16% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -1.6% | 0.18% | −0.03 |
| PGX Invesco Preferred ETF | Sold out | 0.00% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -11.6% | 0.06% | −0.03 |
| AMARIN CORP PLC | Reduce -31.7% | 0.04% | −0.03 |
| PROSHARES TR | Reduce -9.6% | 0.09% | −0.03 |
| LIN Linde PLC | Reduce -2.1% | 3.52% | −0.03 |
| GLD SPDR Gold Shares | Reduce -27.1% | 0.08% | −0.02 |
| JOE The St Joe Co. | Reduce -2.6% | 0.69% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -30.0% | 0.06% | −0.02 |
| WM Waste Management Inc. | Reduce -11.2% | 0.08% | −0.02 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -2.2% | 0.42% | −0.02 |
| USO United States Oil Fund LP | Reduce -4.7% | 0.06% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -8.5% | 0.05% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -17.0% | 0.19% | −0.02 |
| LFCR Lifecore Biomedical Inc. | Sold out | 0.00% | −0.02 |
| BAC Bank of America Corp. | Reduce -4.8% | 0.10% | −0.01 |
| CRWS Crown Crafts Inc. | Reduce -1.8% | 0.06% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -4.8% | 0.92% | −0.01 |
| ADBE Adobe Inc. | Reduce -0.9% | 0.06% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -15.2% | 0.08% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| AAAU Goldman Sachs Physical Gold | Add +811.7% | 1.33% | +1.19 |
| TDG Transdigm Group Inc. | New | 1.13% | +1.13 |
| IWM iShares Russell 2000 ETF | New | 0.57% | +0.57 |
| V Visa Inc. Class A | Add +79.4% | 0.80% | +0.34 |
| AMZN Amazon.com Inc. | Add +36.4% | 1.37% | +0.25 |
| MP MP Materials Corp. | Add +0.5% | 0.76% | +0.18 |
| RGCO RGC Resources Inc. | Add +18.4% | 0.70% | +0.13 |
| NSC Norfolk Southern Corp. | Add +3.3% | 0.95% | +0.10 |
| APD Air Products & Chemicals Inc. | Add +5.0% | 0.82% | +0.09 |
| META Meta Platforms Inc. Class A | Add +0.7% | 1.26% | +0.08 |
| PHYS Sprott Physical Gold Trust | New | 0.08% | +0.08 |
| GNSS Genasys Inc. | Add +12.0% | 0.17% | +0.07 |
| NVDA Nvidia Corp. | Add +18.9% | 0.78% | +0.07 |
| GE General Electric | New | 0.06% | +0.06 |
| EOSE Eos Energy Enterprises Inc. | New | 0.06% | +0.06 |
| JHMM John Hancock Multi Fact Mid | New | 0.06% | +0.06 |
| URI United Rentals Inc. | New | 0.05% | +0.05 |
| SPOT Spotify Technology SA | New | 0.05% | +0.05 |
| BND Vanguard Total Bond Market | New | 0.05% | +0.05 |
| REGL Prshrs S&P Mid 400 DVD Arist | New | 0.05% | +0.05 |
| RDVY First Trust Rising Dividend | New | 0.05% | +0.05 |
| CG The Carlyle Group Inc. | New | 0.05% | +0.05 |
| SGDM Sprott Gold Miners ETF | New | 0.05% | +0.05 |
| VLGEA Village Super Market Class A | New | 0.05% | +0.05 |
| LWAY Lifeway Foods Inc. | New | 0.05% | +0.05 |
| EME Emcor Group Inc. | New | 0.05% | +0.05 |
| BUFR FT Vest Lad Buffervetf-Usd I | New | 0.05% | +0.05 |
| RVT Royce Small-Cap Trust Inc. | New | 0.05% | +0.05 |
| IBM Intl Business Machines Corp. | Add +3.9% | 0.23% | +0.04 |
| MNTX Manitex International Inc. | Add +123.7% | 0.06% | +0.04 |
| HD Home Depot Inc. | Add +8.0% | 0.20% | +0.03 |
| MA Mastercard Inc. Class A | Add +3.5% | 0.41% | +0.03 |
| WMT Walmart Inc. | Add +12.2% | 0.13% | +0.03 |
| QUIK Quicklogic Corp. | New | 0.02% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +18.8% | 0.17% | +0.02 |
| SLV iShares Silver Trust | Add +5.7% | 0.38% | +0.02 |
| PWR Quanta Services Inc. | Add +12.0% | 0.10% | +0.02 |
| OXY Occidental Petroleum Corp. | Add +32.5% | 1.23% | +0.01 |
| CB Chubb Ltd. | Add +8.6% | 0.10% | +0.01 |
| GILD Gilead Sciences Inc. | Add +3.4% | 0.08% | +0.01 |
| DHR Danaher Corp. | Add +5.7% | 0.14% | +0.01 |
| PM Philip Morris International | Add +0.6% | 0.10% | +0.01 |
| OHI Omega Healthcare Investors | Add +4.1% | 0.08% | +0.01 |
| ANET Arista Networks Inc. | Add +8.7% | 0.09% | +0.01 |
| HRTX Heron Therapeutics Inc. | New | 0.01% | +0.01 |
| KO The Coca-Cola Co. | Add +0.9% | 0.14% | +0.01 |
| LDOS Leidos Holdings Inc. | Add +5.1% | 0.09% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +6.5% | 0.60% | +0.01 |
| KEY Keycorp | Add +0.0% | 0.06% | +0.01 |
| MO Altria Group Inc. | Add +0.5% | 0.11% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 0 | $0 | |
| Q3 2025 | 0 | $0 | |
| Q2 2025 | 0 | $0 | |
| Q1 2025 | 183 | $422.7M | BRK.B, EPD, NVO, HEI, GOOG |
| Q4 2024 | 209 | $409.8M | BRK.B, NVO, EPD, GOOG, HEI |
| Q3 2024 | 218 | $442.1M | BRK.B, NVO, EPD, CP, GOOG |
| Q2 2024 | 207 | $412.6M | BRK.B, NVO, GOOG, EPD, CP |
| Q1 2024 | 209 | $407.1M | BRK.B, NVO, EPD, CP, GOOG |