Hutchinson Capital Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), Hutchinson Capital Management reported 87 stock positions worth $488.9 million. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Apple (AAPL, 6.5%) and Berkshire Hathaway Class B (BRK.B, 6.3%). Compared with Q1 2024, it opened 9 new positions, sold out of 4, added to 33 and reduced 34. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale an exit from Occidental Petroleum (OXY).
- Most Recent 13F
- Q2 2026
- Location
- SAN RAFAEL, CA
- CIK
- 0001078246
- Portfolio Value
- $488.9M (Q2 2024)
- SEC Filing
- 0001078246-24-000003 ↗ filed Aug 7, 2024
Holdings Value
Holdings 87 stocks · $488.9M
| MSFT Microsoft Corp. | 6.57% | 71,919 | $32.1M | Add +0.4% |
| AAPL Apple Inc. | 6.54% | 151,834 | $32.0M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.30% | 75,701 | $30.8M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 5.42% | 145,454 | $26.5M | Reduce -0.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 5.14% | 175,974 | $25.1M | Add +0.2% |
| PGR Progressive Corp. | 4.39% | 103,412 | $21.5M | Reduce -27.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 4.34% | 533,601 | $21.2M | Reduce -24.3% |
| J Jacobs Solutions Inc. | 4.28% | 149,853 | $20.9M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 3.51% | 33,681 | $17.2M | New |
| XOM Exxon Mobil Corp. | 3.26% | 138,425 | $15.9M | Add +0.7% |
| WAT Waters Corp. | 2.98% | 50,157 | $14.6M | Add +41.2% |
| VRSN Verisign Inc. | 2.92% | 80,254 | $14.3M | Reduce -0.0% |
| MKL Markel Group Inc. | 2.80% | 8,682 | $13.7M | Add +0.3% |
| DUHP Dimensional US High Profi Et | 2.70% | 412,156 | $13.2M | Reduce -0.6% |
| BHRB Burke & Herbert Financial SE | 2.66% | 255,080 | $13.0M | No change |
| SBUX Starbucks Corp. | 2.65% | 166,552 | $13.0M | New |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.65% | 164,629 | $12.9M | Add +0.4% |
| RHI Robert Half Inc. | 2.40% | 183,714 | $11.8M | Reduce -1.6% |
| KMX Carmax Inc. | 2.40% | 159,843 | $11.7M | Reduce -0.2% |
| ACN Accenture PLC Class A | 2.26% | 36,436 | $11.1M | New |
| COF Capital One Financial Corp. | 2.15% | 75,765 | $10.5M | Reduce -40.9% |
| ARE Alexandria Real Estate Equit | 2.09% | 87,439 | $10.2M | Reduce -2.6% |
| VLO Valero Energy Corp. | 1.88% | 58,567 | $9.2M | Add +0.4% |
| CMCSA Comcast Corp. Class A | 1.66% | 207,712 | $8.1M | Reduce -3.5% |
| DEO Diageo PLC-Sponsored ADR | 1.52% | 58,990 | $7.4M | Add +0.2% |
| WFC Wells Fargo & Co. | 1.22% | 100,630 | $6.0M | Reduce -0.3% |
| DFAU Dimensional US Core Equity M | 1.19% | 155,285 | $5.8M | Add +1.6% |
| DFAC Dimensional US Core Equity 2 | 1.06% | 160,230 | $5.2M | Reduce -32.4% |
| DFAI Dimensional International Co. | 0.91% | 150,702 | $4.5M | Add +7.5% |
| VTIP Vanguard Short-Term Tips | 0.82% | 82,952 | $4.0M | Reduce -5.4% |
| SCHO Schwab Short-Term US Treas | 0.77% | 78,191 | $3.8M | Add +0.2% |
| CVX Chevron Corp. | 0.62% | 19,292 | $3.0M | Add +3.2% |
| DIHP Dimensional International Hi | 0.39% | 72,625 | $1.9M | Add +7.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 3,324 | $1.8M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 0.35% | 10,352 | $1.7M | Reduce -0.0% |
| BA The Boeing Co. | 0.35% | 9,279 | $1.7M | Reduce -0.4% |
| DFAE Dimensional Emerging Core Eq | 0.34% | 63,763 | $1.6M | Add +9.5% |
| JNJ Johnson & Johnson | 0.32% | 10,553 | $1.5M | Add +0.3% |
| DFSI Dimensional Int Sus COR1 ETF | 0.31% | 45,736 | $1.5M | No change |
| COST Costco Wholesale Corp. | 0.29% | 1,664 | $1.4M | Add +152.9% |
| SCHP Schwab U.S. Tips ETF | 0.26% | 24,856 | $1.3M | Reduce -0.1% |
| DFAX Dimensional World Ex US Core | 0.26% | 49,939 | $1.3M | Reduce -42.4% |
| SCHR Schwab Intermediate-Term US | 0.24% | 23,975 | $1.2M | No change |
| UNP Union Pacific Corp. | 0.23% | 4,941 | $1.1M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 0.23% | 5,770 | $1.1M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.21% | 5,089 | $1.0M | Add +143.5% |
| IAU iShares Gold Trust | 0.21% | 23,132 | $1.0M | New |
| DFAR Dimensional US Real Est ETF | 0.20% | 43,503 | $961K | Reduce -15.5% |
| IJT iShares S&P Small-Cap 600 GR | 0.20% | 7,465 | $959K | New |
| PFE Pfizer Inc. | 0.20% | 34,104 | $954K | Reduce -2.3% |
| EWU iShares MSCI United Kingdom | 0.19% | 27,187 | $948K | New |
| V Visa Inc. Class A | 0.17% | 3,180 | $835K | Add +0.3% |
| MRSH Marsh & McLennan Cos | 0.16% | 3,681 | $776K | Add +0.1% |
| KO The Coca-Cola Co. | 0.14% | 10,945 | $697K | Add +91.8% |
| GOOG Alphabet Inc. Class C | 0.13% | 3,492 | $641K | Add +1.9% |
| PEP Pepsico Inc. | 0.13% | 3,705 | $611K | Reduce -0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 3,337 | $577K | Reduce -0.1% |
| VEEV Veeva Systems Inc. Class A | 0.12% | 3,121 | $571K | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.11% | 5,474 | $544K | Add +0.0% |
| FLOT iShares Floating Rate Bond E | 0.10% | 9,109 | $465K | No change |
| DFAT Dimensional US Target Value | 0.09% | 8,755 | $454K | Add +1.6% |
| LLY Eli Lilly & Co. | 0.09% | 480 | $435K | Add +1.9% |
| HD Home Depot Inc. | 0.09% | 1,260 | $434K | Add +0.2% |
| AMGN Amgen Inc. | 0.09% | 1,361 | $425K | Reduce -0.5% |
| GLW Corning Inc. | 0.08% | 10,420 | $405K | Add +0.0% |
| K Kellanova | 0.08% | 6,770 | $390K | Add +0.5% |
| ROK Rockwell Automation Inc. | 0.08% | 1,358 | $374K | Add +0.3% |
| XLK SS Technology Select Sector | 0.07% | 1,552 | $351K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.07% | 892 | $349K | Reduce -4.2% |
| CAT Caterpillar Inc. | 0.07% | 1,017 | $339K | Reduce -0.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.07% | 5,358 | $321K | No change |
| CWT California Water Service Grp | 0.07% | 6,613 | $321K | Add +0.1% |
| MCD McDonald's Corp. | 0.06% | 1,174 | $299K | Reduce -0.1% |
| DFSU Dimensional US Sus CORE1 ETF | 0.06% | 7,751 | $270K | No change |
| PFGC Performance Food Group Co. | 0.05% | 3,974 | $263K | No change |
| YUM Yum! Brands Inc. | 0.05% | 1,974 | $261K | No change |
| MRK Merck & Co. Inc. | 0.05% | 2,049 | $254K | Reduce -0.9% |
| BX Blackstone Inc. | 0.05% | 2,013 | $249K | New |
| SCHF Schwab Intl Equity ETF | 0.05% | 6,242 | $240K | No change |
| IWB iShares Russell 1000 ETF | 0.05% | 806 | $240K | No change |
| ADBE Adobe Inc. | 0.05% | 426 | $237K | Reduce -1.8% |
| NVDA Nvidia Corp. | 0.05% | 1,863 | $230K | New |
| ABBV Abbvie Inc. | 0.05% | 1,317 | $226K | Reduce -2.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.05% | 4,441 | $225K | Reduce -45.5% |
| RSG Republic Services Inc. | 0.04% | 1,089 | $212K | Reduce -0.1% |
| ABT Abbott Laboratories | 0.04% | 1,939 | $201K | Reduce -0.1% |
| AMTX Aemetis Inc. | 0.01% | 23,200 | $70K | New |
Portfolio Sells Q1 2024 → Q2 2024
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −2.84 |
| CVS CVS Health Corp. | Sold out | 0.00% | −2.52 |
| COF Capital One Financial Corp. | Reduce -40.9% | 2.15% | −1.72 |
| PGR Progressive Corp. | Reduce -27.0% | 4.39% | −1.54 |
| BAC Bank of America Corp. | Reduce -24.3% | 4.34% | −1.07 |
| RHI Robert Half Inc. | Reduce -1.6% | 2.40% | −0.59 |
| DFAC Dimensional US Core Equity 2 | Reduce -32.4% | 1.06% | −0.48 |
| KMX Carmax Inc. | Reduce -0.2% | 2.40% | −0.43 |
| ARE Alexandria Real Estate Equit | Reduce -2.6% | 2.09% | −0.25 |
| CMCSA Comcast Corp. Class A | Reduce -3.5% | 1.66% | −0.23 |
| DFAX Dimensional World Ex US Core | Reduce -42.4% | 0.26% | −0.19 |
| VRSN Verisign Inc. | Reduce -0.0% | 2.92% | −0.16 |
| PSX Phillips 66 | Sold out | 0.00% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.05 |
| JMST JPM Ultra-Short Muni Income | Reduce -45.5% | 0.05% | −0.04 |
| DFAR Dimensional US Real Est ETF | Reduce -15.5% | 0.20% | −0.04 |
| VTIP Vanguard Short-Term Tips | Reduce -5.4% | 0.82% | −0.03 |
| BA The Boeing Co. | Reduce -0.4% | 0.35% | −0.02 |
| UNP Union Pacific Corp. | Reduce -0.2% | 0.23% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -0.1% | 0.12% | −0.01 |
| PEP Pepsico Inc. | Reduce -0.2% | 0.13% | −0.01 |
| CAT Caterpillar Inc. | Reduce -0.4% | 0.07% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.06% | −0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -4.2% | 0.07% | −0.00 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.04% | −0.00 |
| ABBV Abbvie Inc. | Reduce -2.1% | 0.05% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -0.9% | 0.05% | −0.00 |
| PFE Pfizer Inc. | Reduce -2.3% | 0.20% | −0.00 |
| RSG Republic Services Inc. | Reduce -0.1% | 0.04% | +0.00 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.1% | 0.26% | +0.00 |
| ADBE Adobe Inc. | Reduce -1.8% | 0.05% | +0.00 |
| AMGN Amgen Inc. | Reduce -0.5% | 0.09% | +0.01 |
| PG The Procter & Gamble Co. | Reduce -0.0% | 0.35% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 0.37% | +0.01 |
| WFC Wells Fargo & Co. | Reduce -0.3% | 1.22% | +0.04 |
| DUHP Dimensional US High Profi Et | Reduce -0.6% | 2.70% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -0.0% | 5.42% | +0.97 |
| AAPL Apple Inc. | Reduce -1.8% | 6.54% | +1.18 |
Portfolio Buys Q1 2024 → Q2 2024
| UNH Unitedhealth Group Inc. | New | 3.51% | +3.51 |
| SBUX Starbucks Corp. | New | 2.65% | +2.65 |
| ACN Accenture PLC Class A | New | 2.26% | +2.26 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +0.2% | 5.14% | +0.57 |
| WAT Waters Corp. | Add +41.2% | 2.98% | +0.50 |
| MSFT Microsoft Corp. | Add +0.4% | 6.57% | +0.47 |
| IAU iShares Gold Trust | New | 0.21% | +0.21 |
| IJT iShares S&P Small-Cap 600 GR | New | 0.20% | +0.20 |
| EWU iShares MSCI United Kingdom | New | 0.19% | +0.19 |
| COST Costco Wholesale Corp. | Add +152.9% | 0.29% | +0.19 |
| MKL Markel Group Inc. | Add +0.3% | 2.80% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +143.5% | 0.21% | +0.13 |
| KO The Coca-Cola Co. | Add +91.8% | 0.14% | +0.07 |
| DFAU Dimensional US Core Equity M | Add +1.6% | 1.19% | +0.06 |
| DFAI Dimensional International Co. | Add +7.5% | 0.91% | +0.06 |
| BX Blackstone Inc. | New | 0.05% | +0.05 |
| NVDA Nvidia Corp. | New | 0.05% | +0.05 |
| DFAE Dimensional Emerging Core Eq | Add +9.5% | 0.34% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +1.9% | 0.13% | +0.03 |
| XOM Exxon Mobil Corp. | Add +0.7% | 3.26% | +0.03 |
| DIHP Dimensional International Hi | Add +7.6% | 0.39% | +0.02 |
| CVX Chevron Corp. | Add +3.2% | 0.62% | +0.02 |
| AMZN Amazon.com Inc. | Add +0.8% | 0.23% | +0.02 |
| LLY Eli Lilly & Co. | Add +1.9% | 0.09% | +0.01 |
| AMTX Aemetis Inc. | New | 0.01% | +0.01 |
| GLW Corning Inc. | Add +0.0% | 0.08% | +0.01 |
| SCHO Schwab Short-Term US Treas | Add +0.2% | 0.77% | +0.01 |
| MRSH Marsh & McLennan Cos | Add +0.1% | 0.16% | +0.01 |
| CWT California Water Service Grp | Add +0.1% | 0.07% | +0.00 |
| K Kellanova | Add +0.5% | 0.08% | +0.00 |
| DFAT Dimensional US Target Value | Add +1.6% | 0.09% | −0.00 |
| ROK Rockwell Automation Inc. | Add +0.3% | 0.08% | −0.00 |
| V Visa Inc. Class A | Add +0.3% | 0.17% | −0.01 |
| HD Home Depot Inc. | Add +0.2% | 0.09% | −0.01 |
| JNJ Johnson & Johnson | Add +0.3% | 0.32% | −0.02 |
| DIS The Walt Disney Co. | Add +0.0% | 0.11% | −0.02 |
| VEEV Veeva Systems Inc. Class A | Add +0.1% | 0.12% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 6.30% | −0.14 |
| VLO Valero Energy Corp. | Add +0.4% | 1.88% | −0.14 |
| DEO Diageo PLC-Sponsored ADR | Add +0.2% | 1.52% | −0.25 |
| WRB WR Berkley Corp. | Add +0.4% | 2.65% | −0.29 |
| J Jacobs Solutions Inc. | Add +0.2% | 4.28% | −0.37 |
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 |