Hutchinson Capital Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 6, 2024), Hutchinson Capital Management reported 82 stock positions worth $494.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.4% of the portfolio, followed by Microsoft (MSFT, 6.1%) and Progressive (PGR, 5.9%). Compared with Q4 2023, it opened 3 new positions, sold out of 4, added to 49 and reduced 19. The biggest buy was a new position in Comcast Class A (CMCSA) and the biggest sale an exit from Charter Communications Class A (CHTR).
- Most Recent 13F
- Q2 2026
- Location
- SAN RAFAEL, CA
- CIK
- 0001078246
- Portfolio Value
- $494.0M (Q1 2024)
- SEC Filing
- 0001078246-24-000002 ↗ filed May 6, 2024
Holdings Value
Holdings 82 stocks · $494.0M
| BRK.B Berkshire Hathaway Inc. Class B | 6.44% | 75,604 | $31.8M | Reduce -20.7% |
| MSFT Microsoft Corp. | 6.10% | 71,661 | $30.1M | Add +0.2% |
| PGR Progressive Corp. | 5.93% | 141,654 | $29.3M | Add +0.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 5.41% | 704,601 | $26.7M | Add +1.5% |
| AAPL Apple Inc. | 5.37% | 154,585 | $26.5M | Add +0.2% |
| J Jacobs Solutions Inc. | 4.65% | 149,499 | $23.0M | Add +0.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 4.56% | 175,590 | $22.5M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 4.44% | 145,488 | $22.0M | Add +0.8% |
| COF Capital One Financial Corp. | 3.86% | 128,188 | $19.1M | Add +1.6% |
| XOM Exxon Mobil Corp. | 3.23% | 137,456 | $16.0M | Add +2.2% |
| VRSN Verisign Inc. | 3.08% | 80,286 | $15.2M | Reduce -0.3% |
| RHI Robert Half Inc. | 3.00% | 186,681 | $14.8M | Add +0.4% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.94% | 163,996 | $14.5M | Add +0.6% |
| BHRB Burke & Herbert Financial SE | 2.89% | 255,080 | $14.3M | No change |
| OXY Occidental Petroleum Corp. | 2.84% | 216,230 | $14.1M | Add +6.3% |
| KMX Carmax Inc. | 2.82% | 160,214 | $14.0M | Add +3.4% |
| MKL Markel Group Inc. | 2.67% | 8,658 | $13.2M | Add +0.0% |
| DUHP Dimensional US High Profi Et | 2.65% | 414,426 | $13.1M | Add +174.8% |
| CVS CVS Health Corp. | 2.52% | 155,809 | $12.4M | Add +0.1% |
| WAT Waters Corp. | 2.48% | 35,526 | $12.2M | Add +0.7% |
| ARE Alexandria Real Estate Equit | 2.34% | 89,799 | $11.6M | Reduce -0.7% |
| VLO Valero Energy Corp. | 2.02% | 58,332 | $10.0M | Add +0.1% |
| CMCSA Comcast Corp. Class A | 1.89% | 215,323 | $9.3M | New |
| DEO Diageo PLC-Sponsored ADR | 1.77% | 58,882 | $8.8M | Add +6.9% |
| DFAC Dimensional US Core Equity 2 | 1.53% | 236,932 | $7.6M | Add +3.2% |
| WFC Wells Fargo & Co. | 1.18% | 100,894 | $5.8M | Add +0.0% |
| DFAU Dimensional US Core Equity M | 1.13% | 152,841 | $5.6M | Add +4.1% |
| DFAI Dimensional International Co. | 0.86% | 140,132 | $4.2M | Add +7.7% |
| VTIP Vanguard Short-Term Tips | 0.85% | 87,718 | $4.2M | No change |
| SCHO Schwab Short-Term US Treas | 0.76% | 78,015 | $3.8M | Reduce -0.2% |
| CVX Chevron Corp. | 0.60% | 18,692 | $2.9M | Reduce -0.1% |
| DFAX Dimensional World Ex US Core | 0.45% | 86,667 | $2.2M | Add +0.1% |
| DIHP Dimensional International Hi | 0.37% | 67,510 | $1.8M | Add +7.6% |
| BA The Boeing Co. | 0.36% | 9,314 | $1.8M | Reduce -2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.36% | 3,371 | $1.8M | Reduce -36.9% |
| PG The Procter & Gamble Co. | 0.34% | 10,356 | $1.7M | No change |
| JNJ Johnson & Johnson | 0.34% | 10,518 | $1.7M | Add +0.1% |
| DFSI Dimensional Int Sus COR1 ETF | 0.31% | 45,736 | $1.5M | Add +5.3% |
| DFAE Dimensional Emerging Core Eq | 0.29% | 58,222 | $1.4M | Add +6.3% |
| SCHP Schwab U.S. Tips ETF | 0.26% | 24,889 | $1.3M | No change |
| UNP Union Pacific Corp. | 0.25% | 4,952 | $1.2M | Reduce -3.8% |
| SCHR Schwab Intermediate-Term US | 0.24% | 23,975 | $1.2M | Reduce -7.1% |
| DFAR Dimensional US Real Est ETF | 0.23% | 51,465 | $1.2M | Add +1.8% |
| AMZN Amazon.com Inc. | 0.21% | 5,726 | $1.0M | Add +5.4% |
| PFE Pfizer Inc. | 0.20% | 34,903 | $969K | Reduce -2.6% |
| V Visa Inc. Class A | 0.18% | 3,172 | $885K | Add +0.3% |
| MRSH Marsh & McLennan Cos | 0.15% | 3,676 | $757K | Add +0.2% |
| VEEV Veeva Systems Inc. Class A | 0.15% | 3,119 | $723K | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.14% | 5,472 | $670K | Add +0.2% |
| PEP Pepsico Inc. | 0.13% | 3,712 | $650K | Reduce -0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 3,340 | $638K | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.11% | 3,428 | $522K | Add +0.2% |
| HD Home Depot Inc. | 0.10% | 1,257 | $482K | Add +1.2% |
| COST Costco Wholesale Corp. | 0.10% | 658 | $482K | Add +0.3% |
| DFAT Dimensional US Target Value | 0.09% | 8,617 | $469K | Add +7.5% |
| FLOT iShares Floating Rate Bond E | 0.09% | 9,109 | $465K | No change |
| JPM JPMorgan Chase & Co. | 0.08% | 2,090 | $419K | Reduce -5.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.08% | 8,149 | $413K | No change |
| ROK Rockwell Automation Inc. | 0.08% | 1,354 | $394K | Add +0.1% |
| AMGN Amgen Inc. | 0.08% | 1,368 | $389K | Reduce -0.1% |
| K Kellanova | 0.08% | 6,734 | $386K | Reduce -0.5% |
| CAT Caterpillar Inc. | 0.08% | 1,021 | $374K | Add +0.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.07% | 931 | $370K | No change |
| LLY Eli Lilly & Co. | 0.07% | 471 | $366K | Add +0.6% |
| KO The Coca-Cola Co. | 0.07% | 5,705 | $349K | Reduce -47.6% |
| GLW Corning Inc. | 0.07% | 10,416 | $343K | Add +0.3% |
| MCD McDonald's Corp. | 0.07% | 1,175 | $331K | Add +0.3% |
| XLK SS Technology Select Sector | 0.07% | 1,552 | $323K | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.06% | 5,358 | $309K | Add +0.1% |
| CWT California Water Service Grp | 0.06% | 6,607 | $307K | Reduce -0.0% |
| PFGC Performance Food Group Co. | 0.06% | 3,974 | $297K | Reduce -50.0% |
| YUM Yum! Brands Inc. | 0.06% | 1,974 | $274K | Add +0.3% |
| MRK Merck & Co. Inc. | 0.06% | 2,067 | $273K | Add +0.5% |
| DFSU Dimensional US Sus CORE1 ETF | 0.05% | 7,751 | $267K | No change |
| ABBV Abbvie Inc. | 0.05% | 1,345 | $245K | Add +1.5% |
| SCHF Schwab Intl Equity ETF | 0.05% | 6,242 | $244K | No change |
| IWB iShares Russell 1000 ETF | 0.05% | 806 | $232K | No change |
| PSX Phillips 66 | 0.05% | 1,420 | $232K | New |
| BMY Bristol-Myers Squibb Co. | 0.05% | 4,255 | $231K | Reduce -0.6% |
| ABT Abbott Laboratories | 0.04% | 1,940 | $221K | Add +0.9% |
| ADBE Adobe Inc. | 0.04% | 434 | $219K | Reduce -0.2% |
| RSG Republic Services Inc. | 0.04% | 1,090 | $209K | New |
Portfolio Sells Q4 2023 → Q1 2024
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −1.45 |
| CABO Cable One Inc. | Sold out | 0.00% | −1.36 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -20.7% | 6.44% | −0.98 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −0.73 |
| VRSN Verisign Inc. | Reduce -0.3% | 3.08% | −0.53 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -36.9% | 0.36% | −0.20 |
| BA The Boeing Co. | Reduce -2.6% | 0.36% | −0.18 |
| ARE Alexandria Real Estate Equit | Reduce -0.7% | 2.34% | −0.16 |
| KO The Coca-Cola Co. | Reduce -47.6% | 0.07% | −0.07 |
| SCHO Schwab Short-Term US Treas | Reduce -0.2% | 0.76% | −0.06 |
| PFGC Performance Food Group Co. | Reduce -50.0% | 0.06% | −0.06 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.04 |
| SCHR Schwab Intermediate-Term US | Reduce -7.1% | 0.24% | −0.04 |
| UNP Union Pacific Corp. | Reduce -3.8% | 0.25% | −0.03 |
| PFE Pfizer Inc. | Reduce -2.6% | 0.20% | −0.03 |
| CWT California Water Service Grp | Reduce -0.0% | 0.06% | −0.01 |
| ADBE Adobe Inc. | Reduce -0.2% | 0.04% | −0.01 |
| CVX Chevron Corp. | Reduce -0.1% | 0.60% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.08% | −0.01 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.13% | −0.01 |
| K Kellanova | Reduce -0.5% | 0.08% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.6% | 0.05% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -5.3% | 0.08% | +0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| CMCSA Comcast Corp. Class A | New | 1.89% | +1.89 |
| DUHP Dimensional US High Profi Et | Add +174.8% | 2.65% | +1.71 |
| PGR Progressive Corp. | Add +0.2% | 5.93% | +1.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +0.4% | 4.56% | +0.62 |
| J Jacobs Solutions Inc. | Add +0.5% | 4.65% | +0.44 |
| WRB WR Berkley Corp. | Add +0.6% | 2.94% | +0.42 |
| VLO Valero Energy Corp. | Add +0.1% | 2.02% | +0.37 |
| BAC Bank of America Corp. | Add +1.5% | 5.41% | +0.32 |
| XOM Exxon Mobil Corp. | Add +2.2% | 3.23% | +0.30 |
| COF Capital One Financial Corp. | Add +1.6% | 3.86% | +0.26 |
| MSFT Microsoft Corp. | Add +0.2% | 6.10% | +0.24 |
| KMX Carmax Inc. | Add +3.4% | 2.82% | +0.23 |
| OXY Occidental Petroleum Corp. | Add +6.3% | 2.84% | +0.20 |
| WFC Wells Fargo & Co. | Add +0.0% | 1.18% | +0.10 |
| DFAC Dimensional US Core Equity 2 | Add +3.2% | 1.53% | +0.07 |
| DFAU Dimensional US Core Equity M | Add +4.1% | 1.13% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 4.44% | +0.05 |
| PSX Phillips 66 | New | 0.05% | +0.05 |
| DFAI Dimensional International Co. | Add +7.7% | 0.86% | +0.05 |
| RSG Republic Services Inc. | New | 0.04% | +0.04 |
| AMZN Amazon.com Inc. | Add +5.4% | 0.21% | +0.03 |
| DIS The Walt Disney Co. | Add +0.2% | 0.14% | +0.03 |
| DEO Diageo PLC-Sponsored ADR | Add +6.9% | 1.77% | +0.02 |
| DIHP Dimensional International Hi | Add +7.6% | 0.37% | +0.02 |
| VEEV Veeva Systems Inc. Class A | Add +0.1% | 0.15% | +0.02 |
| LLY Eli Lilly & Co. | Add +0.6% | 0.07% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.13% | +0.01 |
| CAT Caterpillar Inc. | Add +0.4% | 0.08% | +0.01 |
| DFSI Dimensional Int Sus COR1 ETF | Add +5.3% | 0.31% | +0.01 |
| MRK Merck & Co. Inc. | Add +0.5% | 0.06% | +0.01 |
| ABBV Abbvie Inc. | Add +1.5% | 0.05% | +0.00 |
| HD Home Depot Inc. | Add +1.2% | 0.10% | +0.00 |
| DFAE Dimensional Emerging Core Eq | Add +6.3% | 0.29% | +0.00 |
| DFAT Dimensional US Target Value | Add +7.5% | 0.09% | +0.00 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.10% | +0.00 |
| BNY Bank of New York Mellon Corp. | Add +0.1% | 0.06% | +0.00 |
| MRSH Marsh & McLennan Cos | Add +0.2% | 0.15% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +0.2% | 0.11% | +0.00 |
| GLW Corning Inc. | Add +0.3% | 0.07% | +0.00 |
| V Visa Inc. Class A | Add +0.3% | 0.18% | −0.00 |
| YUM Yum! Brands Inc. | Add +0.3% | 0.06% | −0.00 |
| ABT Abbott Laboratories | Add +0.9% | 0.04% | −0.00 |
| MCD McDonald's Corp. | Add +0.3% | 0.07% | −0.01 |
| ROK Rockwell Automation Inc. | Add +0.1% | 0.08% | −0.01 |
| MKL Markel Group Inc. | Add +0.0% | 2.67% | −0.01 |
| DFAX Dimensional World Ex US Core | Add +0.1% | 0.45% | −0.01 |
| DFAR Dimensional US Real Est ETF | Add +1.8% | 0.23% | −0.02 |
| JNJ Johnson & Johnson | Add +0.1% | 0.34% | −0.02 |
| WAT Waters Corp. | Add +0.7% | 2.48% | −0.06 |
| CVS CVS Health Corp. | Add +0.1% | 2.52% | −0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 108 | $583.7M | BRK.B, AAPL, GOOGL, MSFT, PGR |
| Q1 2026 | 97 | $544.1M | BRK.B, GOOGL, AAPL, MSFT, XOM |
| Q4 2025 | 98 | $583.3M | GOOGL, BRK.B, MSFT, AAPL, BAC |
| Q3 2025 | 97 | $577.9M | BRK.B, MSFT, GOOGL, AAPL, BAC |
| Q2 2025 | 92 | $548.0M | BRK.B, MSFT, PGR, BAC, GOOGL |
| Q1 2025 | 92 | $524.2M | BRK.B, PGR, AAPL, MSFT, GOOGL |
| Q4 2024 | 93 | $530.0M | BRK.B, AAPL, MSFT, GOOGL, PGR |
| Q3 2024 | 89 | $527.9M | BRK.B, MSFT, AAPL, PGR, GOOGL |
| Q2 2024 | 87 | $488.9M | MSFT, AAPL, BRK.B, GOOGL, NVO |
| Q1 2024 | 82 | $494.0M | BRK.B, MSFT, PGR, BAC, AAPL |