Hutchinson Capital Management

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Hutchinson Capital Management reported 97 stock positions worth $544.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.3% of the portfolio, followed by Alphabet Class A (GOOGL, 5.8%) and Apple (AAPL, 5.5%). Compared with Q4 2025, it opened 5 new positions, sold out of 6, added to 35 and reduced 36. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale Starbucks (SBUX, shares −97%).

Most Recent 13F
Q2 2026
Location
SAN RAFAEL, CA
CIK
0001078246
Portfolio Value
$544.1M (Q1 2026)
SEC Filing
0001078246-26-000003 ↗ filed May 12, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $494.0M Q1 2024 Q2 2024: $488.9M Q2 2024 Q3 2024: $527.9M Q3 2024 Q4 2024: $530.0M Q4 2024 Q1 2025: $524.2M Q1 2025 Q2 2025: $548.0M Q2 2025 Q3 2025: $577.9M Q3 2025 Q4 2025: $583.3M Q4 2025 Q1 2026: $544.1M $544.1M Q1 2026 Q2 2026: $583.7M Q2 2026

Holdings 97 stocks · $544.1M
BRK.B Berkshire Hathaway Inc. Class B 6.31% 71,628 $34.3M Reduce -1.0%
GOOGL Alphabet Inc. Class A 5.79% 109,552 $31.5M Reduce -21.8%
AAPL Apple Inc. 5.46% 117,025 $29.7M Reduce -1.5%
MSFT Microsoft Corp. 4.75% 69,843 $25.9M Add +4.6%
XOM Exxon Mobil Corp. 4.01% 128,591 $21.8M Reduce -0.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.83% 427,690 $20.8M Reduce -22.5%
PGR Progressive Corp. 3.70% 101,419 $20.1M Reduce -0.8%
MTBA Simplify MBS ETF 3.45% 379,512 $18.8M Add +13.0%
J Jacobs Solutions Inc. 3.22% 137,768 $17.5M Reduce -2.0%
DUHP Dimensional US High Profi Et 3.03% 448,326 $16.5M Add +0.2%
BHRB Burke & Herbert Financial SE 2.95% 258,080 $16.1M No change
MKL Markel Group Inc. 2.87% 8,150 $15.6M Reduce -0.9%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 2.84% 232,906 $15.4M Reduce -0.9%
AMZN Amazon.com Inc. 2.83% 74,007 $15.4M Add +14.0%
HUBB Hubbell Inc. 2.78% 30,794 $15.1M Reduce -1.4%
WAT Waters Corp. 2.57% 46,974 $14.0M Reduce -1.5%
VRSN Verisign Inc. 2.55% 55,869 $13.9M Reduce -2.2%
VLO Valero Energy Corp. 2.50% 55,019 $13.6M Reduce -1.6%
DFAU Dimensional US Core Equity M 2.46% 296,675 $13.4M Reduce -8.3%
ZTS Zoetis Inc. 2.43% 111,834 $13.2M Add +49.3%
AVGO Broadcom Inc. 2.43% 42,704 $13.2M New
ADBE Adobe Inc. 2.41% 53,893 $13.1M Add +24.2%
COF Capital One Financial Corp. 2.38% 70,984 $12.9M Reduce -1.4%
ACN Accenture PLC Class A 1.90% 52,130 $10.3M Add +0.8%
DFAI Dimensional International Co. 1.89% 264,019 $10.3M Add +6.7%
WFC Wells Fargo & Co. 1.35% 92,364 $7.4M Reduce -2.2%
NVO Novo-Nordisk A/S-Spons ADR 1.31% 194,428 $7.1M Reduce -2.8%
DCRE DBL Comm Real Est Debt 1.22% 127,826 $6.6M Add +18.0%
DFAC Dimensional US Core Equity 2 1.21% 168,710 $6.6M Add +26.4%
VTIP Vanguard Short-Term Tips 1.13% 123,573 $6.2M Add +27.6%
SCHO Schwab Short-Term US Treas 1.07% 240,649 $5.8M Add +42.1%
DCOR Dimensional US Core Eq 1 ETF 0.67% 50,770 $3.7M Add +107.3%
CVX Chevron Corp. 0.65% 17,036 $3.5M Reduce -0.0%
DFAE Dimensional Emerging Core Eq 0.61% 98,278 $3.3M Add +10.7%
DIHP Dimensional International Hi 0.61% 103,001 $3.3M Add +3.3%
DFAX Dimensional World Ex US Core 0.61% 97,639 $3.3M Add +73.6%
SCHR Schwab Intermediate-Term US 0.56% 121,279 $3.0M Add +39.3%
GLDM SPDR Gold Minishares Trust 0.43% 25,437 $2.4M No change
DFAT Dimensional US Target Value 0.42% 36,531 $2.3M Add +5.8%
IAU iShares Gold Trust 0.37% 23,132 $2.0M No change
DFSI Dimensional Int Sus COR1 ETF 0.36% 45,887 $1.9M Add +0.3%
SCHP Schwab U.S. Tips ETF 0.33% 68,214 $1.8M Add +11.5%
JNJ Johnson & Johnson 0.31% 6,979 $1.7M No change
BA The Boeing Co. 0.28% 7,599 $1.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 2,199 $1.4M Reduce -22.3%
GLW Corning Inc. 0.26% 10,426 $1.4M No change
PG The Procter & Gamble Co. 0.25% 9,468 $1.4M Reduce -4.7%
JPM JPMorgan Chase & Co. 0.25% 4,563 $1.3M Reduce -6.2%
EWU iShares MSCI United Kingdom 0.23% 27,187 $1.2M No change
COST Costco Wholesale Corp. 0.22% 1,224 $1.2M Reduce -0.2%
UNP Union Pacific Corp. 0.21% 4,674 $1.1M Add +0.5%
IJT iShares S&P Small-Cap 600 GR 0.20% 7,465 $1.1M No change
GOOG Alphabet Inc. Class C 0.18% 3,487 $1.0M Reduce -3.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 3,777 $916K Reduce -0.1%
V Visa Inc. Class A 0.17% 3,018 $912K Add +0.3%
DFGR Dim Global Real Estate ETF 0.14% 28,246 $751K Add +15.6%
KO The Coca-Cola Co. 0.13% 9,358 $712K No change
CAT Caterpillar Inc. 0.12% 932 $660K Reduce -5.4%
DFSU Dimensional US Sus CORE1 ETF 0.11% 14,570 $599K No change
VEEV Veeva Systems Inc. Class A 0.10% 3,121 $548K Reduce -0.1%
PFE Pfizer Inc. 0.10% 18,923 $531K Reduce -8.9%
GDX Vaneck Gold Miners ETF 0.09% 5,416 $497K No change
ROK Rockwell Automation Inc. 0.09% 1,357 $487K No change
AMGN Amgen Inc. 0.09% 1,369 $482K No change
PEP Pepsico Inc. 0.08% 2,892 $449K Reduce -0.5%
FLOT iShares Floating Rate Bond E 0.08% 8,771 $447K No change
LLY Eli Lilly & Co. 0.08% 475 $437K Reduce -0.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 4,339 $418K Reduce -0.2%
MCD McDonald's Corp. 0.08% 1,314 $408K Add +1.4%
NVDA Nvidia Corp. 0.07% 2,234 $390K Add +0.3%
SBUX Starbucks Corp. 0.07% 4,167 $373K Reduce -97.4%
VOO Vanguard S&P 500 ETF 0.07% 597 $357K Reduce -52.8%
MRSH Marsh & McLennan Cos 0.06% 1,999 $347K Add +0.1%
DFAW Dimensional World Eqty ETF 0.06% 4,537 $335K Add +0.8%
DFAR Dimensional US Real Est ETF 0.06% 13,966 $330K Add +40.1%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.06% 6,398 $326K Add +44.1%
PFGC Performance Food Group Co. 0.06% 3,689 $316K No change
HD Home Depot Inc. 0.06% 951 $313K Reduce -11.6%
CWT California Water Service Grp 0.06% 6,612 $300K No change
IWB iShares Russell 1000 ETF 0.05% 806 $287K No change
MRK Merck & Co. Inc. 0.05% 2,335 $281K Add +1.4%
ORLY O'reilly Automotive Inc. 0.05% 2,965 $274K Add +0.3%
INFL Horizon Kinetics Infl Benef 0.05% 5,000 $260K New
SCHF Schwab Intl Equity ETF 0.05% 10,451 $259K No change
PSX Phillips 66 0.05% 1,407 $256K New
META Meta Platforms Inc. Class A 0.05% 438 $251K Reduce -2.0%
RSG Republic Services Inc. 0.04% 1,107 $242K Add +1.8%
BX Blackstone Inc. 0.04% 2,107 $242K Reduce -0.1%
TSM Taiwan Semiconductor-SP ADR 0.04% 691 $234K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.04% 4,700 $230K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 1,889 $224K Reduce -1.3%
BMY Bristol-Myers Squibb Co. 0.04% 3,618 $219K New
YUM Yum! Brands Inc. 0.04% 1,397 $217K Add +1.7%
PM Philip Morris International 0.04% 1,295 $214K Add +2.0%
GLD SPDR Gold Shares 0.04% 485 $209K New
MA Mastercard Inc. Class A 0.04% 414 $207K Add +4.3%
AMTX Aemetis Inc. 0.01% 15,600 $50K No change

Portfolio Sells Q4 2025 → Q1 2026
SBUX Starbucks Corp. Reduce -97.4% 0.07% −2.24
GOOGL Alphabet Inc. Class A Reduce -21.8% 5.79% −1.72
BAC Bank of America Corp. Reduce -22.5% 3.83% −1.37
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −1.35
COF Capital One Financial Corp. Reduce -1.4% 2.38% −0.61
WAT Waters Corp. Reduce -1.5% 2.57% −0.53
NVO Novo-Nordisk A/S-Spons ADR Reduce -2.8% 1.31% −0.43
PGR Progressive Corp. Reduce -0.8% 3.70% −0.30
MKL Markel Group Inc. Reduce -0.9% 2.87% −0.16
WFC Wells Fargo & Co. Reduce -2.2% 1.35% −0.16
DFAU Dimensional US Core Equity M Reduce -8.3% 2.46% −0.14
AAPL Apple Inc. Reduce -1.5% 5.46% −0.08
VOO Vanguard S&P 500 ETF Reduce -52.8% 0.07% −0.07
SPY SS SPDR S&P 500 ETF Trust-US Reduce -22.3% 0.26% −0.07
GE General Electric Sold out 0.00% −0.04
AXP American Express Co. Sold out 0.00% −0.04
SCHW Schwab (charles) Corp. Sold out 0.00% −0.04
RTX RTX Corp. Sold out 0.00% −0.04
IEUR iShares Core MSCI Europe ETF Sold out 0.00% −0.04
IBM Intl Business Machines Corp. Reduce -0.1% 0.17% −0.02
JPM JPMorgan Chase & Co. Reduce -6.2% 0.25% −0.02
VEEV Veeva Systems Inc. Class A Reduce -0.1% 0.10% −0.02
BX Blackstone Inc. Reduce -0.1% 0.04% −0.01
GOOG Alphabet Inc. Class C Reduce -3.2% 0.18% −0.01
DIS The Walt Disney Co. Reduce -0.2% 0.08% −0.01
LLY Eli Lilly & Co. Reduce -0.2% 0.08% −0.01
HD Home Depot Inc. Reduce -11.6% 0.06% −0.01
META Meta Platforms Inc. Class A Reduce -2.0% 0.05% −0.00
BNY Bank of New York Mellon Corp. Reduce -1.3% 0.04% +0.00
PG The Procter & Gamble Co. Reduce -4.7% 0.25% +0.01
PFE Pfizer Inc. Reduce -8.9% 0.10% +0.01
PEP Pepsico Inc. Reduce -0.5% 0.08% +0.01
WRB WR Berkley Corp. Reduce -0.9% 2.84% +0.01
CAT Caterpillar Inc. Reduce -5.4% 0.12% +0.02
J Jacobs Solutions Inc. Reduce -2.0% 3.22% +0.03
COST Costco Wholesale Corp. Reduce -0.2% 0.22% +0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 6.31% +0.07
VRSN Verisign Inc. Reduce -2.2% 2.55% +0.17
CVX Chevron Corp. Reduce -0.0% 0.65% +0.20
HUBB Hubbell Inc. Reduce -1.4% 2.78% +0.40
VLO Valero Energy Corp. Reduce -1.6% 2.50% +0.94
XOM Exxon Mobil Corp. Reduce -0.8% 4.01% +1.33

Portfolio Buys Q4 2025 → Q1 2026
AVGO Broadcom Inc. New 2.43% +2.43
ZTS Zoetis Inc. Add +49.3% 2.43% +0.81
MTBA Simplify MBS ETF Add +13.0% 3.45% +0.55
SCHO Schwab Short-Term US Treas Add +42.1% 1.07% +0.37
DCOR Dimensional US Core Eq 1 ETF Add +107.3% 0.67% +0.36
VTIP Vanguard Short-Term Tips Add +27.6% 1.13% +0.31
DFAC Dimensional US Core Equity 2 Add +26.4% 1.21% +0.30
DFAX Dimensional World Ex US Core Add +73.6% 0.61% +0.29
DFAI Dimensional International Co. Add +6.7% 1.89% +0.27
AMZN Amazon.com Inc. Add +14.0% 2.83% +0.26
DCRE DBL Comm Real Est Debt Add +18.0% 1.22% +0.26
SCHR Schwab Intermediate-Term US Add +39.3% 0.56% +0.18
DFAE Dimensional Emerging Core Eq Add +10.7% 0.61% +0.12
DUHP Dimensional US High Profi Et Add +0.2% 3.03% +0.11
DIHP Dimensional International Hi Add +3.3% 0.61% +0.07
DFAT Dimensional US Target Value Add +5.8% 0.42% +0.07
SCHP Schwab U.S. Tips ETF Add +11.5% 0.33% +0.06
INFL Horizon Kinetics Infl Benef New 0.05% +0.05
PSX Phillips 66 New 0.05% +0.05
BMY Bristol-Myers Squibb Co. New 0.04% +0.04
GLD SPDR Gold Shares New 0.04% +0.04
DFGR Dim Global Real Estate ETF Add +15.6% 0.14% +0.03
UNP Union Pacific Corp. Add +0.5% 0.21% +0.02
DFSI Dimensional Int Sus COR1 ETF Add +0.3% 0.36% +0.02
DFAR Dimensional US Real Est ETF Add +40.1% 0.06% +0.02
JMST JPM Ultra-Short Muni Income Add +44.1% 0.06% +0.02
MRK Merck & Co. Inc. Add +1.4% 0.05% +0.01
MCD McDonald's Corp. Add +1.4% 0.08% +0.01
RSG Republic Services Inc. Add +1.8% 0.04% +0.01
DFAW Dimensional World Eqty ETF Add +0.8% 0.06% +0.00
PM Philip Morris International Add +2.0% 0.04% +0.00
YUM Yum! Brands Inc. Add +1.7% 0.04% +0.00
ORLY O'reilly Automotive Inc. Add +0.3% 0.05% +0.00
NVDA Nvidia Corp. Add +0.3% 0.07% +0.00
MRSH Marsh & McLennan Cos Add +0.1% 0.06% +0.00
MA Mastercard Inc. Class A Add +4.3% 0.04% −0.00
V Visa Inc. Class A Add +0.3% 0.17% −0.01
ADBE Adobe Inc. Add +24.2% 2.41% −0.20
ACN Accenture PLC Class A Add +0.8% 1.90% −0.48
MSFT Microsoft Corp. Add +4.6% 4.75% −0.79

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$583.7MBRK.B, AAPL, GOOGL, MSFT, PGR
Q1 2026 97$544.1MBRK.B, GOOGL, AAPL, MSFT, XOM
Q4 2025 98$583.3MGOOGL, BRK.B, MSFT, AAPL, BAC
Q3 2025 97$577.9MBRK.B, MSFT, GOOGL, AAPL, BAC
Q2 2025 92$548.0MBRK.B, MSFT, PGR, BAC, GOOGL
Q1 2025 92$524.2MBRK.B, PGR, AAPL, MSFT, GOOGL
Q4 2024 93$530.0MBRK.B, AAPL, MSFT, GOOGL, PGR
Q3 2024 89$527.9MBRK.B, MSFT, AAPL, PGR, GOOGL
Q2 2024 87$488.9MMSFT, AAPL, BRK.B, GOOGL, NVO
Q1 2024 82$494.0MBRK.B, MSFT, PGR, BAC, AAPL