Hutchinson Capital Management

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Hutchinson Capital Management reported 108 stock positions worth $583.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.1% of the portfolio, followed by Apple (AAPL, 6.0%) and Alphabet Class A (GOOGL, 5.4%). Compared with Q1 2026, it opened 15 new positions, sold out of 4, added to 53 and reduced 27. The biggest buy was Mastercard Class A (MA, shares +5559%) and the biggest sale Zoetis (ZTS, shares −3%).

Most Recent 13F
Q2 2026
Location
SAN RAFAEL, CA
CIK
0001078246
Portfolio Value
$583.7M (Q2 2026)
SEC Filing
0001078246-26-000004 ↗ filed Aug 10, 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 Q1 2026 Q2 2026: $583.7M $583.7M Q2 2026

Holdings 108 stocks · $583.7M
BRK.B Berkshire Hathaway Inc. Class B 6.14% 71,609 $35.8M Reduce -0.0%
AAPL Apple Inc. 5.98% 120,621 $34.9M Add +3.1%
GOOGL Alphabet Inc. Class A 5.44% 88,790 $31.7M Reduce -18.9%
MSFT Microsoft Corp. 4.50% 70,412 $26.3M Add +0.8%
PGR Progressive Corp. 3.78% 100,917 $22.0M Reduce -0.5%
MTBA Simplify MBS ETF 3.38% 401,942 $19.7M Add +5.9%
XOM Exxon Mobil Corp. 3.28% 139,820 $19.1M Add +8.7%
DUHP Dimensional US High Profi Et 3.23% 451,548 $18.8M Add +0.7%
BHRB Burke & Herbert Financial SE 3.19% 259,080 $18.6M Add +0.4%
J Jacobs Solutions Inc. 3.06% 141,913 $17.9M Add +3.0%
AMZN Amazon.com Inc. 3.02% 73,894 $17.6M Reduce -0.1%
WAT Waters Corp. 2.98% 46,381 $17.4M Reduce -1.3%
AVGO Broadcom Inc. 2.81% 43,442 $16.4M Add +1.7%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 2.80% 231,879 $16.4M Reduce -0.4%
BAC Bank of America Corp. 2.79% 285,955 $16.3M Reduce -33.1%
HUBB Hubbell Inc. 2.76% 30,746 $16.1M Reduce -0.2%
DFAU Dimensional US Core Equity M 2.67% 301,928 $15.6M Add +1.8%
VLO Valero Energy Corp. 2.44% 54,587 $14.2M Reduce -0.8%
VRSN Verisign Inc. 2.39% 55,557 $14.0M Reduce -0.6%
MA Mastercard Inc. Class A 2.06% 23,428 $12.0M Add +5558.9%
DFAI Dimensional International Co. 1.99% 282,045 $11.6M Add +6.8%
MKL Markel Group Inc. 1.83% 5,484 $10.7M Reduce -32.7%
ADBE Adobe Inc. 1.82% 51,886 $10.6M Reduce -3.7%
NVO Novo-Nordisk A/S-Spons ADR 1.54% 187,985 $9.0M Reduce -3.3%
COF Capital One Financial Corp. 1.52% 44,143 $8.9M Reduce -37.8%
ZTS Zoetis Inc. 1.33% 108,344 $7.8M Reduce -3.1%
WFC Wells Fargo & Co. 1.31% 92,391 $7.6M Add +0.0%
DFAC Dimensional US Core Equity 2 1.25% 164,817 $7.3M Reduce -2.3%
DCRE DBL Comm Real Est Debt 1.20% 135,006 $7.0M Add +5.6%
VTIP Vanguard Short-Term Tips 1.17% 135,668 $6.8M Add +9.8%
ACN Accenture PLC Class A 1.07% 50,121 $6.2M Reduce -3.9%
SCHO Schwab Short-Term US Treas 1.05% 253,954 $6.1M Add +5.5%
DCOR Dimensional US Core Eq 1 ETF 0.93% 65,872 $5.4M Add +29.8%
HON Honeywell International Inc. 0.92% 23,924 $5.4M New
HONA Honeywell Aerospace Inc. 0.91% 23,923 $5.3M New
DFAE Dimensional Emerging Core Eq 0.71% 102,801 $4.1M Add +4.6%
DFAX Dimensional World Ex US Core 0.71% 111,936 $4.1M Add +14.6%
SCHR Schwab Intermediate-Term US 0.69% 162,823 $4.0M Add +34.3%
DIHP Dimensional International Hi 0.62% 106,622 $3.6M Add +3.5%
CVX Chevron Corp. 0.53% 18,541 $3.1M Add +8.8%
DFAT Dimensional US Target Value 0.48% 40,343 $2.8M Add +10.4%
GLW Corning Inc. 0.45% 10,369 $2.6M Reduce -0.6%
DFSI Dimensional Int Sus COR1 ETF 0.35% 45,887 $2.1M No change
SCHP Schwab U.S. Tips ETF 0.34% 73,860 $2.0M Add +8.3%
JNJ Johnson & Johnson 0.30% 6,939 $1.8M Reduce -0.6%
IAU iShares Gold Trust 0.30% 23,132 $1.7M No change
BA The Boeing Co. 0.29% 7,751 $1.7M Add +2.0%
GLDM SPDR Gold Minishares Trust 0.28% 20,343 $1.6M Reduce -20.0%
JPM JPMorgan Chase & Co. 0.26% 4,630 $1.5M Add +1.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 2,007 $1.5M Reduce -8.7%
GOOG Alphabet Inc. Class C 0.23% 3,836 $1.4M Add +10.0%
IJT iShares S&P Small-Cap 600 GR 0.23% 7,465 $1.3M No change
EWU iShares MSCI United Kingdom 0.21% 27,187 $1.3M No change
COST Costco Wholesale Corp. 0.21% 1,297 $1.2M Add +6.0%
NVDA Nvidia Corp. 0.20% 5,884 $1.2M Add +163.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 3,993 $1.1M Add +5.7%
V Visa Inc. Class A 0.18% 3,033 $1.0M Add +0.5%
CAT Caterpillar Inc. 0.17% 905 $964K Reduce -2.9%
DFGR Dim Global Real Estate ETF 0.15% 30,471 $883K Add +7.9%
PG The Procter & Gamble Co. 0.14% 5,532 $811K Reduce -41.6%
KO The Coca-Cola Co. 0.13% 9,397 $764K Add +0.4%
DFSU Dimensional US Sus CORE1 ETF 0.12% 14,570 $679K No change
ROK Rockwell Automation Inc. 0.11% 1,342 $664K Reduce -1.1%
LLY Eli Lilly & Co. 0.11% 531 $637K Add +11.8%
MU Micron Technology Inc. 0.10% 514 $593K New
VEEV Veeva Systems Inc. Class A 0.10% 3,309 $587K Add +6.0%
VOO Vanguard S&P 500 ETF 0.10% 855 $587K Add +43.2%
XLE SS Energy Select Sector 0.09% 9,541 $507K New
AMGN Amgen Inc. 0.09% 1,371 $496K Add +0.1%
HD Home Depot Inc. 0.08% 1,384 $488K Add +45.5%
PEP Pepsico Inc. 0.08% 3,404 $461K Add +17.7%
PFE Pfizer Inc. 0.08% 18,926 $456K Add +0.0%
PFGC Performance Food Group Co. 0.08% 3,949 $441K Add +7.0%
AMD Advanced Micro Devices 0.07% 746 $433K New
FLOT iShares Floating Rate Bond E 0.07% 8,376 $428K Reduce -4.5%
GE General Electric filed as GE AEROSPACE 0.07% 1,107 $414K New
GDX Vaneck Gold Miners ETF 0.07% 5,416 $409K No change
MCD McDonald's Corp. 0.07% 1,494 $404K Add +13.7%
DFAW Dimensional World Eqty ETF 0.06% 4,561 $378K Add +0.5%
DFAR Dimensional US Real Est ETF 0.06% 13,966 $365K No change
JQUA JPMorgan US Quality Factor 0.06% 4,894 $354K New
MRSH Marsh & McLennan Cos 0.06% 2,011 $335K Add +0.6%
CWT California Water Service Grp 0.06% 6,789 $330K Add +2.7%
IWB iShares Russell 1000 ETF 0.06% 806 $330K No change
META Meta Platforms Inc. Class A 0.06% 580 $327K Add +32.4%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.06% 6,398 $326K No change
BMY Bristol-Myers Squibb Co. 0.06% 5,647 $325K Add +56.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 3,237 $312K Reduce -25.4%
MRK Merck & Co. Inc. 0.05% 2,318 $298K Reduce -0.7%
SCHF Schwab Intl Equity ETF 0.05% 10,451 $289K No change
BNY Bank of New York Mellon Corp. 0.05% 1,902 $275K Add +0.7%
ORLY O'reilly Automotive Inc. 0.05% 2,983 $275K Add +0.6%
KLAC KLA Corp. 0.05% 900 $272K New
GEV GE Vernova Inc. 0.05% 230 $270K New
INFL Horizon Kinetics Infl Benef 0.04% 5,000 $249K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.04% 4,700 $248K No change
BX Blackstone Inc. 0.04% 2,107 $248K No change
PSX Phillips 66 0.04% 1,417 $240K Add +0.7%
RSG Republic Services Inc. 0.04% 1,110 $237K Add +0.3%
PM Philip Morris International 0.04% 1,301 $235K Add +0.5%
YUM Yum! Brands Inc. 0.04% 1,405 $225K Add +0.6%
SCHD Schwab US DVD Equity ETF 0.04% 6,832 $217K New
ABT Abbott Laboratories 0.04% 2,360 $214K New
ABBV Abbvie Inc. 0.04% 842 $212K New
TSLA Tesla Inc. 0.04% 487 $205K New
RTX RTX Corp. 0.04% 1,079 $205K New
WDC Western Digital Corp. 0.03% 314 $201K New
AMTX Aemetis Inc. 0.00% 17,600 $29K Add +12.8%

Portfolio Sells Q1 2026 → Q2 2026
ZTS Zoetis Inc. Reduce -3.1% 1.33% −1.10
BAC Bank of America Corp. Reduce -33.1% 2.79% −1.04
MKL Markel Group Inc. Reduce -32.7% 1.83% −1.03
COF Capital One Financial Corp. Reduce -37.8% 1.52% −0.86
ACN Accenture PLC Class A Reduce -3.9% 1.07% −0.83
ADBE Adobe Inc. Reduce -3.7% 1.82% −0.59
GOOGL Alphabet Inc. Class A Reduce -18.9% 5.44% −0.35
UNP Union Pacific Corp. Sold out 0.00% −0.21
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.0% 6.14% −0.17
GLDM SPDR Gold Minishares Trust Reduce -20.0% 0.28% −0.16
VRSN Verisign Inc. Reduce -0.6% 2.39% −0.16
PG The Procter & Gamble Co. Reduce -41.6% 0.14% −0.11
SBUX Starbucks Corp. Sold out 0.00% −0.07
VLO Valero Energy Corp. Reduce -0.8% 2.44% −0.06
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.04
GLD SPDR Gold Shares Sold out 0.00% −0.04
WRB WR Berkley Corp. Reduce -0.4% 2.80% −0.04
DIS The Walt Disney Co. Reduce -25.4% 0.05% −0.02
HUBB Hubbell Inc. Reduce -0.2% 2.76% −0.02
JNJ Johnson & Johnson Reduce -0.6% 0.30% −0.01
FLOT iShares Floating Rate Bond E Reduce -4.5% 0.07% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -8.7% 0.26% −0.01
MRK Merck & Co. Inc. Reduce -0.7% 0.05% −0.00
ROK Rockwell Automation Inc. Reduce -1.1% 0.11% +0.02
CAT Caterpillar Inc. Reduce -2.9% 0.17% +0.04
DFAC Dimensional US Core Equity 2 Reduce -2.3% 1.25% +0.05
PGR Progressive Corp. Reduce -0.5% 3.78% +0.08
AMZN Amazon.com Inc. Reduce -0.1% 3.02% +0.18
GLW Corning Inc. Reduce -0.6% 0.45% +0.19
NVO Novo-Nordisk A/S-Spons ADR Reduce -3.3% 1.54% +0.23
WAT Waters Corp. Reduce -1.3% 2.98% +0.41

Portfolio Buys Q1 2026 → Q2 2026
MA Mastercard Inc. Class A Add +5558.9% 2.06% +2.02
HON Honeywell International Inc. New 0.92% +0.92
HONA Honeywell Aerospace Inc. New 0.91% +0.91
AAPL Apple Inc. Add +3.1% 5.98% +0.52
AVGO Broadcom Inc. Add +1.7% 2.81% +0.38
DCOR Dimensional US Core Eq 1 ETF Add +29.8% 0.93% +0.25
BHRB Burke & Herbert Financial SE Add +0.4% 3.19% +0.24
DFAU Dimensional US Core Equity M Add +1.8% 2.67% +0.21
DUHP Dimensional US High Profi Et Add +0.7% 3.23% +0.20
SCHR Schwab Intermediate-Term US Add +34.3% 0.69% +0.13
NVDA Nvidia Corp. Add +163.4% 0.20% +0.13
DFAI Dimensional International Co. Add +6.8% 1.99% +0.10
MU Micron Technology Inc. New 0.10% +0.10
DFAX Dimensional World Ex US Core Add +14.6% 0.71% +0.10
DFAE Dimensional Emerging Core Eq Add +4.6% 0.71% +0.10
XLE SS Energy Select Sector New 0.09% +0.09
AMD Advanced Micro Devices New 0.07% +0.07
GE General Electric New 0.07% +0.07
DFAT Dimensional US Target Value Add +10.4% 0.48% +0.06
JQUA JPMorgan US Quality Factor New 0.06% +0.06
GOOG Alphabet Inc. Class C Add +10.0% 0.23% +0.05
KLAC KLA Corp. New 0.05% +0.05
GEV GE Vernova Inc. New 0.05% +0.05
SCHD Schwab US DVD Equity ETF New 0.04% +0.04
ABT Abbott Laboratories New 0.04% +0.04
ABBV Abbvie Inc. New 0.04% +0.04
RTX RTX Corp. New 0.04% +0.04
TSLA Tesla Inc. New 0.04% +0.04
VOO Vanguard S&P 500 ETF Add +43.2% 0.10% +0.04
WDC Western Digital Corp. New 0.03% +0.03
VTIP Vanguard Short-Term Tips Add +9.8% 1.17% +0.03
LLY Eli Lilly & Co. Add +11.8% 0.11% +0.03
HD Home Depot Inc. Add +45.5% 0.08% +0.03
IBM Intl Business Machines Corp. Add +5.7% 0.19% +0.02
PFGC Performance Food Group Co. Add +7.0% 0.08% +0.02
BMY Bristol-Myers Squibb Co. Add +56.1% 0.06% +0.02
DIHP Dimensional International Hi Add +3.5% 0.62% +0.01
DFGR Dim Global Real Estate ETF Add +7.9% 0.15% +0.01
JPM JPMorgan Chase & Co. Add +1.5% 0.26% +0.01
V Visa Inc. Class A Add +0.5% 0.18% +0.01
META Meta Platforms Inc. Class A Add +32.4% 0.06% +0.01
BA The Boeing Co. Add +2.0% 0.29% +0.01
BNY Bank of New York Mellon Corp. Add +0.7% 0.05% +0.01
DFAW Dimensional World Eqty ETF Add +0.5% 0.06% +0.00
SCHP Schwab U.S. Tips ETF Add +8.3% 0.34% +0.00
CWT California Water Service Grp Add +2.7% 0.06% +0.00
PM Philip Morris International Add +0.5% 0.04% +0.00
KO The Coca-Cola Co. Add +0.4% 0.13% 0.00
VEEV Veeva Systems Inc. Class A Add +6.0% 0.10% −0.00
YUM Yum! Brands Inc. Add +0.6% 0.04% −0.00

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