Cutter & CO Brokerage, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Cutter & CO Brokerage, Inc. reported 209 stock positions worth $409.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 14.9% of the portfolio, followed by Novo-Nordisk A/S-Spons ADR (NVO, 6.1%) and Enterprise Products Partners (EPD, 5.1%). Compared with Q3 2024, it opened 18 new positions, sold out of 27, added to 60 and reduced 87. The biggest buy was Enterprise Products Partners (EPD, shares +1%) and the biggest sale an exit from Transdigm (TDG).
- Most Recent 13F
- Q2 2026
- Location
- Ballwin, MO
- CIK
- 0001406995
- Portfolio Value
- $409.8M (Q4 2024)
- SEC Filing
- 0001437749-25-002754 ↗ filed Feb 4, 2025
Holdings Value
Holdings 209 stocks · $409.8M
| BRK.B Berkshire Hathaway Inc. Class B | 14.88% | 134,522 | $61.0M | Reduce -0.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 6.09% | 290,101 | $25.0M | Add +3.0% |
| EPD Enterprise Products Partners | 5.12% | 668,636 | $21.0M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 4.88% | 105,057 | $20.0M | Reduce -0.5% |
| HEI Heico Corp. | 3.74% | 64,460 | $15.3M | Add +7.5% |
| CP Canadian Pacific Kansas City | 3.65% | 206,563 | $14.9M | Reduce -0.7% |
| LIN Linde PLC | 3.41% | 33,358 | $14.0M | Add +2.2% |
| ET Energy Transfer LP | 2.29% | 478,202 | $9.4M | Add +0.9% |
| AAPL Apple Inc. | 1.97% | 32,276 | $8.1M | Reduce -4.1% |
| AMZN Amazon.com Inc. | 1.72% | 32,195 | $7.1M | Reduce -0.7% |
| BCPC Balchem Corp. | 1.67% | 42,073 | $6.9M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 1.65% | 8,785 | $6.8M | Add +28.1% |
| WSO Watsco Inc. | 1.59% | 13,763 | $6.5M | Add +9.4% |
| AWK American Water Works Co. Inc. | 1.54% | 50,688 | $6.3M | Reduce -2.5% |
| AAAU Goldman Sachs Physical Gold | 1.42% | 224,856 | $5.8M | Reduce -0.7% |
| REGN Regeneron Pharmaceuticals | 1.38% | 7,958 | $5.7M | Add +3.8% |
| UNP Union Pacific Corp. | 1.38% | 24,759 | $5.6M | Add +18.7% |
| META Meta Platforms Inc. Class A | 1.35% | 9,476 | $5.5M | Reduce -2.7% |
| VOO Vanguard S&P 500 ETF | 1.29% | 9,822 | $5.3M | Reduce -3.9% |
| ZBRA Zebra Technologies Corp. Class A | 1.28% | 13,623 | $5.3M | Reduce -0.5% |
| OXY Occidental Petroleum Corp. | 1.26% | 104,333 | $5.2M | Reduce -1.4% |
| VRTX Vertex Pharmaceuticals Inc. | 1.16% | 11,762 | $4.7M | Add +1.9% |
| ADM Archer-Daniels-Midland Co. | 1.01% | 81,585 | $4.1M | Reduce -6.3% |
| V Visa Inc. Class A | 1.00% | 12,979 | $4.1M | Add +0.9% |
| NVDA Nvidia Corp. | 0.93% | 28,409 | $3.8M | Reduce -0.6% |
| AVGO Broadcom Inc. | 0.91% | 16,100 | $3.7M | Reduce -2.8% |
| LHX L3HARRIS Technologies Inc. | 0.89% | 17,360 | $3.7M | Reduce -1.2% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.82% | 37,771 | $3.4M | Reduce -1.0% |
| NOC Northrop Grumman Corp. | 0.81% | 7,115 | $3.3M | Reduce -0.7% |
| MSFT Microsoft Corp. | 0.79% | 7,700 | $3.2M | Reduce -2.6% |
| PFE Pfizer Inc. | 0.72% | 110,919 | $2.9M | Reduce -1.2% |
| MP MP Materials Corp. | 0.71% | 187,785 | $2.9M | Reduce -1.2% |
| CSX CSX Corp. | 0.69% | 87,093 | $2.8M | Add +952.1% |
| RGCO RGC Resources Inc. | 0.67% | 136,997 | $2.7M | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.67% | 5,357 | $2.7M | Reduce -1.9% |
| CVX Chevron Corp. | 0.64% | 18,162 | $2.6M | Reduce -1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.63% | 4,426 | $2.6M | Reduce -2.1% |
| VGT Vanguard Info Tech ETF | 0.60% | 3,960 | $2.5M | Reduce -5.7% |
| PEP Pepsico Inc. | 0.58% | 15,751 | $2.4M | Reduce -8.2% |
| LMT Lockheed Martin Corp. | 0.58% | 4,891 | $2.4M | Reduce -1.3% |
| NFG National Fuel Gas Co. | 0.57% | 38,218 | $2.3M | Reduce -2.5% |
| IWM iShares Russell 2000 ETF | 0.53% | 9,906 | $2.2M | Reduce -12.9% |
| MA Mastercard Inc. Class A | 0.53% | 4,135 | $2.2M | Add +11.6% |
| UGI Ugi Corp. | 0.52% | 75,877 | $2.1M | New |
| FIXD First Trust Smith Opportunis | 0.52% | 49,276 | $2.1M | Add +8.7% |
| PLTR Palantir Technologies Inc. Class A | 0.49% | 26,768 | $2.0M | Reduce -4.7% |
| CIBR First Trust Nasdaq Cybersecu | 0.49% | 31,559 | $2.0M | Add +1.3% |
| LRCX Lam Research Corp. | 0.45% | 25,726 | $1.9M | Reduce -2.8% |
| SCHD Schwab US DVD Equity ETF | 0.44% | 66,271 | $1.8M | Add +1.2% |
| GOOGL Alphabet Inc. Class A | 0.38% | 8,300 | $1.6M | Add +1.3% |
| T AT&T Inc. | 0.38% | 67,737 | $1.5M | Reduce -3.4% |
| VAW Vanguard Materials ETF | 0.37% | 8,071 | $1.5M | Reduce -1.8% |
| PSLV Sprott Physical Silver Trust | 0.37% | 156,075 | $1.5M | Add +382.5% |
| NSC Norfolk Southern Corp. | 0.36% | 6,304 | $1.5M | Reduce -62.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.36% | 3,432 | $1.5M | Add +0.4% |
| ARCC Ares Capital Corp. | 0.34% | 63,237 | $1.4M | Reduce -3.0% |
| FIW First Trust Water ETF | 0.33% | 13,200 | $1.3M | Reduce -0.6% |
| ABBV Abbvie Inc. | 0.31% | 7,072 | $1.3M | Reduce -3.2% |
| SLV iShares Silver Trust | 0.28% | 44,363 | $1.2M | Reduce -24.4% |
| BBW Build-A-Bear Workshop Inc. | 0.28% | 24,751 | $1.1M | No change |
| SCHG Schwab US Large-Cap Growth | 0.28% | 40,505 | $1.1M | Add +0.1% |
| HII Huntington Ingalls Industrie | 0.26% | 5,574 | $1.1M | Add +26.4% |
| JPM JPMorgan Chase & Co. | 0.25% | 4,318 | $1.0M | Reduce -6.9% |
| SHEL Shell PLC-ADR | 0.23% | 15,084 | $945K | Reduce -7.4% |
| HD Home Depot Inc. | 0.23% | 2,408 | $937K | Add +9.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 4,247 | $934K | Reduce -6.5% |
| QQQM Invesco Nasdaq 100 ETF | 0.23% | 4,432 | $933K | Add +17.9% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 15,794 | $893K | Reduce -16.5% |
| GDX Vaneck Gold Miners ETF | 0.22% | 26,285 | $891K | Reduce -4.2% |
| VZ Verizon Communications Inc. | 0.20% | 20,775 | $831K | Reduce -3.6% |
| FXO First Trust Financial Alphad | 0.20% | 15,209 | $823K | Reduce -2.4% |
| SCHB Schwab US Broad Market ETF | 0.19% | 34,049 | $773K | Add +145.6% |
| HWKN Hawkins Inc. | 0.19% | 6,242 | $766K | No change |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.19% | 13,807 | $766K | Reduce -2.2% |
| MRK Merck & Co. Inc. | 0.17% | 7,208 | $717K | Add +0.1% |
| IYW iShares Ustechnology ETF | 0.17% | 4,439 | $708K | Reduce -9.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.17% | 1 | $681K | No change |
| CAH Cardinal Health Inc. | 0.16% | 5,644 | $668K | Add +2.4% |
| CI The Cigna Group | 0.16% | 2,387 | $659K | Add +2.1% |
| WMT Walmart Inc. | 0.15% | 7,031 | $635K | No change |
| BF.B Brown-Forman Corp. Class B | 0.15% | 16,289 | $619K | Reduce -4.8% |
| BG Bunge Global SA | 0.14% | 7,633 | $594K | Reduce -4.0% |
| EOSE Eos Energy Enterprises Inc. | 0.14% | 118,110 | $574K | Add +37.0% |
| GLD SPDR Gold Shares | 0.14% | 2,322 | $562K | Add +53.6% |
| PANW Palo Alto Networks Inc. | 0.14% | 3,054 | $556K | Add +0.3% |
| KMI Kinder Morgan Inc. | 0.14% | 20,241 | $555K | Reduce -89.0% |
| MCD McDonald's Corp. | 0.14% | 1,912 | $554K | Add +0.1% |
| NEE Nextera Energy Inc. | 0.13% | 7,663 | $549K | Reduce -23.7% |
| KO The Coca-Cola Co. | 0.13% | 8,691 | $541K | No change |
| TIP iShares Tips Bond ETF | 0.13% | 5,030 | $536K | Reduce -8.0% |
| QUBT Quantum Computing Inc. | 0.13% | 32,340 | $535K | New |
| GNSS Genasys Inc. | 0.13% | 202,900 | $528K | Reduce -4.7% |
| XGDVX Gabelli Dividend & Income TR | 0.13% | 21,669 | $523K | Add +0.0% |
| ARLP Alliance Resource Partners | 0.13% | 19,534 | $514K | No change |
| JEPI JPMorgan Equity Premium Inco | 0.12% | 8,898 | $512K | Add +2.9% |
| DHR Danaher Corp. | 0.12% | 2,217 | $509K | Add +3.1% |
| FV First Trust DW Focus 5 Fund | 0.12% | 8,461 | $500K | Reduce -21.9% |
| COST Costco Wholesale Corp. | 0.12% | 541 | $496K | Reduce -1.8% |
| PWR Quanta Services Inc. | 0.12% | 1,541 | $487K | Add +3.4% |
| HON Honeywell International Inc. | 0.12% | 2,152 | $486K | Add +8.1% |
Portfolio Sells Q3 2024 → Q4 2024
| TDG Transdigm Group Inc. | Sold out | 0.00% | −1.13 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.82 |
| KMI Kinder Morgan Inc. | Reduce -89.0% | 0.14% | −0.79 |
| JOE The St Joe Co. | Sold out | 0.00% | −0.69 |
| NSC Norfolk Southern Corp. | Reduce -62.7% | 0.36% | −0.59 |
| VDE Vanguard Energy ETF | Sold out | 0.00% | −0.42 |
| PAGP Plains GP Holdings LP | Sold out | 0.00% | −0.40 |
| CP Canadian Pacific Kansas City | Reduce -0.7% | 3.65% | −0.38 |
| AWK American Water Works Co. Inc. | Reduce -2.5% | 1.54% | −0.18 |
| ADM Archer-Daniels-Midland Co. | Reduce -6.3% | 1.01% | −0.17 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.15 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.10 |
| BATRK Atlanta Braves Holdings in-C | Sold out | 0.00% | −0.09 |
| SLV iShares Silver Trust | Reduce -24.4% | 0.28% | −0.09 |
| PROSHARES TR | Sold out | 0.00% | −0.09 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.08 |
| S&W SEED CO | Sold out | 0.00% | −0.08 |
| PEP Pepsico Inc. | Reduce -8.2% | 0.58% | −0.08 |
| LMT Lockheed Martin Corp. | Reduce -1.3% | 0.58% | −0.08 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.07 |
| USO United States Oil Fund LP | Sold out | 0.00% | −0.06 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.06 |
| MNTX Manitex International Inc. | Sold out | 0.00% | −0.06 |
| DOW Dow Inc. | Sold out | 0.00% | −0.06 |
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -23.7% | 0.13% | −0.06 |
| CEF Sprott Physical Gold and Sil | Sold out | 0.00% | −0.06 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.2% | 0.89% | −0.05 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.05 |
| SGDM Sprott Gold Miners ETF | Sold out | 0.00% | −0.05 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.05 |
| FTGC First Trust Global Tactical | Sold out | 0.00% | −0.05 |
| KHC The Kraft Heinz Co. | Reduce -32.5% | 0.08% | −0.04 |
| MP MP Materials Corp. | Reduce -1.2% | 0.71% | −0.04 |
| GNSS Genasys Inc. | Reduce -4.7% | 0.13% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -0.7% | 0.81% | −0.04 |
| BF.B Brown-Forman Corp. Class B | Reduce -4.8% | 0.15% | −0.04 |
| LRCX Lam Research Corp. | Reduce -2.8% | 0.45% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -12.9% | 0.53% | −0.03 |
| RGCO RGC Resources Inc. | Reduce -0.7% | 0.67% | −0.03 |
| GDX Vaneck Gold Miners ETF | Reduce -4.2% | 0.22% | −0.03 |
| BG Bunge Global SA | Reduce -4.0% | 0.14% | −0.03 |
| VAW Vanguard Materials ETF | Reduce -1.8% | 0.37% | −0.02 |
| FV First Trust DW Focus 5 Fund | Reduce -21.9% | 0.12% | −0.02 |
| ABBV Abbvie Inc. | Reduce -3.2% | 0.31% | −0.02 |
| PFE Pfizer Inc. | Reduce -1.2% | 0.72% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -3.6% | 0.20% | −0.02 |
| TAK Takeda Pharmaceutic-SP ADR | Reduce -11.9% | 0.12% | −0.02 |
| UGP Ultrapar Particpac-Spon ADR | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| EPD Enterprise Products Partners | Add +1.4% | 5.12% | +0.77 |
| CSX CSX Corp. | Add +952.1% | 0.69% | +0.62 |
| ET Energy Transfer LP | Add +0.9% | 2.29% | +0.56 |
| UGI Ugi Corp. | New | 0.52% | +0.52 |
| PSLV Sprott Physical Silver Trust | Add +382.5% | 0.37% | +0.29 |
| LLY Eli Lilly & Co. | Add +28.1% | 1.65% | +0.28 |
| UNP Union Pacific Corp. | Add +18.7% | 1.38% | +0.21 |
| V Visa Inc. Class A | Add +0.9% | 1.00% | +0.20 |
| HEI Heico Corp. | Add +7.5% | 3.74% | +0.19 |
| WSO Watsco Inc. | Add +9.4% | 1.59% | +0.19 |
| QUBT Quantum Computing Inc. | New | 0.13% | +0.13 |
| SCHB Schwab US Broad Market ETF | Add +145.6% | 0.19% | +0.12 |
| MA Mastercard Inc. Class A | Add +11.6% | 0.53% | +0.12 |
| BATRA Atlanta Braves Holdings in-A | New | 0.10% | +0.10 |
| EOSE Eos Energy Enterprises Inc. | Add +37.0% | 0.14% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +1.3% | 0.38% | +0.08 |
| CIBR First Trust Nasdaq Cybersecu | Add +1.3% | 0.49% | +0.07 |
| UBER Uber Technologies Inc. | New | 0.07% | +0.07 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.07% | +0.07 |
| TPR Tapestry Inc. | New | 0.07% | +0.07 |
| MRVL Marvell Technology Inc. | New | 0.06% | +0.06 |
| QYLD Global X Nasd 100 Cov Call | New | 0.06% | +0.06 |
| QQQM Invesco Nasdaq 100 ETF | Add +17.9% | 0.23% | +0.06 |
| GLD SPDR Gold Shares | Add +53.6% | 0.14% | +0.05 |
| DVN Devon Energy Corp. | New | 0.05% | +0.05 |
| CFBK CF Bankshares Inc. | New | 0.05% | +0.05 |
| FIXD First Trust Smith Opportunis | Add +8.7% | 0.52% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.05% | +0.05 |
| NFLX Netflix Inc. | New | 0.05% | +0.05 |
| COF Capital One Financial Corp. | New | 0.05% | +0.05 |
| EVLV Evolv Technologies Holdings | New | 0.05% | +0.05 |
| TSLA Tesla Inc. | New | 0.05% | +0.05 |
| VVOS Vivos Therapeutics Inc. | New | 0.04% | +0.04 |
| BCAT BlackRock Capital Alloc TR | New | 0.04% | +0.04 |
| SCHG Schwab US Large-Cap Growth | Add +0.1% | 0.28% | +0.04 |
| ENVX Enovix Corp. | Add +9.5% | 0.11% | +0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.4% | 0.36% | +0.03 |
| PHYS Sprott Physical Gold Trust | Add +29.6% | 0.10% | +0.03 |
| SOFI Sofi Technologies Inc. | Add +1.4% | 0.05% | +0.03 |
| HD Home Depot Inc. | Add +9.5% | 0.23% | +0.03 |
| HON Honeywell International Inc. | Add +8.1% | 0.12% | +0.03 |
| CAH Cardinal Health Inc. | Add +2.4% | 0.16% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +1.2% | 0.44% | +0.02 |
| PWR Quanta Services Inc. | Add +3.4% | 0.12% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +0.3% | 0.14% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.1% | 0.10% | +0.02 |
| GILD Gilead Sciences Inc. | Add +0.2% | 0.10% | +0.02 |
| IDN Intellicheck Inc. | New | 0.02% | +0.02 |
| QUIK Quicklogic Corp. | Add +3.6% | 0.04% | +0.02 |
| CG The Carlyle Group Inc. | Add +0.5% | 0.06% | +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 |