Hutner Capital Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Hutner Capital Management Inc. reported 43 stock positions worth $252.1 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 12.2% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.8%) and Alphabet Class C (GOOG, 5.8%). Compared with Q1 2026, it opened 1 new position, sold out of 2, added to 25 and reduced 9. The biggest buy was Alphabet Class C (GOOG, shares +3%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, VT
- CIK
- 0000944733
- Portfolio Value
- $252.1M (Q2 2026)
- SEC Filing
- 0000944733-26-000003 ↗ filed Aug 14, 2026
Holdings Value
Holdings 43 stocks · $252.1M
| BRK.A Berkshire Hathaway Inc. Class A | 12.18% | 41 | $30.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 7.80% | 39,297 | $19.7M | Reduce -6.3% |
| GOOG Alphabet Inc. Class C | 5.75% | 41,045 | $14.5M | Add +2.9% |
| COST Costco Wholesale Corp. | 5.26% | 14,183 | $13.3M | Add +0.7% |
| PM Philip Morris International | 5.15% | 71,834 | $13.0M | Reduce -0.3% |
| KO The Coca-Cola Co. | 4.96% | 154,028 | $12.5M | Add +0.2% |
| JNJ Johnson & Johnson | 4.54% | 45,099 | $11.5M | Add +0.1% |
| FNV Franco-Nevada Corp. | 4.00% | 48,444 | $10.1M | Add +2.6% |
| ABBV Abbvie Inc. | 3.99% | 40,013 | $10.1M | Add +0.0% |
| MCD McDonald's Corp. | 3.78% | 35,234 | $9.5M | Add +0.4% |
| PEP Pepsico Inc. | 3.66% | 68,143 | $9.2M | Add +2.5% |
| ENB Enbridge Inc. | 3.48% | 161,690 | $8.8M | Add +0.6% |
| MO Altria Group Inc. | 3.23% | 113,040 | $8.1M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 3.09% | 53,101 | $7.8M | Reduce -0.7% |
| AXP American Express Co. | 2.80% | 20,835 | $7.0M | Add +1.2% |
| WMT Walmart Inc. | 2.59% | 57,724 | $6.5M | Reduce -0.5% |
| AAPL Apple Inc. | 2.56% | 22,289 | $6.4M | Add +1.0% |
| EPD Enterprise Products Partners | 2.02% | 138,729 | $5.1M | Add +1.2% |
| ADI Analog Devices Inc. | 1.85% | 11,731 | $4.7M | No change |
| CB Chubb Ltd. | 1.83% | 13,541 | $4.6M | Add +14.4% |
| ABT Abbott Laboratories | 1.58% | 43,797 | $4.0M | Reduce -0.5% |
| UNP Union Pacific Corp. | 1.41% | 13,053 | $3.6M | Add +4.3% |
| O Realty Income Corp. | 1.33% | 54,267 | $3.4M | Add +2.5% |
| VRSK Verisk Analytics Inc. | 1.26% | 17,641 | $3.2M | Add +50.0% |
| V Visa Inc. Class A | 1.15% | 8,478 | $2.9M | Add +12.7% |
| GPC Genuine Parts Co. | 1.11% | 23,654 | $2.8M | Add +0.0% |
| ORLY O'reilly Automotive Inc. | 1.08% | 29,674 | $2.7M | Add +0.7% |
| NSC Norfolk Southern Corp. | 0.93% | 7,454 | $2.3M | No change |
| YUM Yum! Brands Inc. | 0.68% | 10,693 | $1.7M | Add +3.6% |
| QSR Restaurant Brands Intern | 0.68% | 23,563 | $1.7M | Add +30.9% |
| HSY The Hershey Co. | 0.65% | 9,378 | $1.6M | Add +1.0% |
| PGR Progressive Corp. | 0.53% | 6,093 | $1.3M | Add +0.8% |
| SHW The Sherwin-Williams Co. | 0.51% | 3,731 | $1.3M | No change |
| WFC Wells Fargo & Co. | 0.49% | 14,953 | $1.2M | Reduce -0.2% |
| NVS Novartis AG-Sponsored ADR | 0.43% | 6,891 | $1.1M | Add +0.8% |
| EXPD Expeditors Intl Wash Inc. | 0.42% | 6,485 | $1.1M | No change |
| DEO Diageo PLC-Sponsored ADR | 0.29% | 9,194 | $739K | Reduce -2.6% |
| WEC WEC Energy Group Inc. | 0.25% | 5,336 | $623K | No change |
| OKE Oneok Inc. | 0.24% | 6,962 | $605K | No change |
| MCO Moody's Corp. | 0.17% | 945 | $428K | No change |
| GOOGL Alphabet Inc. Class A | 0.11% | 795 | $284K | Add +0.1% |
| UPS United Parcel Service Class B | 0.10% | 2,411 | $259K | Reduce -1.4% |
| GLW Corning Inc. | 0.08% | 800 | $204K | New |
Portfolio Sells Q1 2026 → Q2 2026
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.3% | 7.80% | −0.46 |
| WMT Walmart Inc. | Reduce -0.5% | 2.59% | −0.37 |
| ABT Abbott Laboratories | Reduce -0.5% | 1.58% | −0.28 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.13 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -0.7% | 3.09% | −0.08 |
| WFC Wells Fargo & Co. | Reduce -0.2% | 0.49% | −0.00 |
| UPS United Parcel Service Class B | Reduce -1.4% | 0.10% | +0.00 |
| DEO Diageo PLC-Sponsored ADR | Reduce -2.6% | 0.29% | +0.00 |
| MO Altria Group Inc. | Reduce -0.3% | 3.23% | +0.15 |
| PM Philip Morris International | Reduce -0.3% | 5.15% | +0.26 |
Portfolio Buys Q1 2026 → Q2 2026
| GOOG Alphabet Inc. Class C | Add +2.9% | 5.75% | +1.05 |
| ABBV Abbvie Inc. | Add +0.0% | 3.99% | +0.42 |
| VRSK Verisk Analytics Inc. | Add +50.0% | 1.26% | +0.34 |
| AAPL Apple Inc. | Add +1.0% | 2.56% | +0.26 |
| CB Chubb Ltd. | Add +14.4% | 1.83% | +0.24 |
| AXP American Express Co. | Add +1.2% | 2.80% | +0.24 |
| V Visa Inc. Class A | Add +12.7% | 1.15% | +0.22 |
| KO The Coca-Cola Co. | Add +0.2% | 4.96% | +0.16 |
| UNP Union Pacific Corp. | Add +4.3% | 1.41% | +0.16 |
| QSR Restaurant Brands Intern | Add +30.9% | 0.68% | +0.13 |
| GLW Corning Inc. | New | 0.08% | +0.08 |
| GPC Genuine Parts Co. | Add +0.0% | 1.11% | +0.08 |
| PGR Progressive Corp. | Add +0.8% | 0.53% | +0.04 |
| YUM Yum! Brands Inc. | Add +3.6% | 0.68% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.11% | +0.02 |
| JNJ Johnson & Johnson | Add +0.1% | 4.54% | +0.02 |
| O Realty Income Corp. | Add +2.5% | 1.33% | +0.00 |
| NVS Novartis AG-Sponsored ADR | Add +0.8% | 0.43% | −0.00 |
| ORLY O'reilly Automotive Inc. | Add +0.7% | 1.08% | −0.03 |
| ENB Enbridge Inc. | Add +0.6% | 3.48% | −0.10 |
| EPD Enterprise Products Partners | Add +1.2% | 2.02% | −0.11 |
| HSY The Hershey Co. | Add +1.0% | 0.65% | −0.14 |
| COST Costco Wholesale Corp. | Add +0.7% | 5.26% | −0.50 |
| PEP Pepsico Inc. | Add +2.5% | 3.66% | −0.58 |
| MCD McDonald's Corp. | Add +0.4% | 3.78% | −0.70 |
| FNV Franco-Nevada Corp. | Add +2.6% | 4.00% | −0.79 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $252.1M | BRK.A, BRK.B, GOOG, COST, PM |
| Q1 2026 | 44 | $243.4M | BRK.A, BRK.B, COST, PM, KO |
| Q4 2025 | 44 | $239.6M | BRK.A, BRK.B, GOOG, COST, PM |
| Q3 2025 | 44 | $236.4M | BRK.A, BRK.B, COST, PM, MCD |
| Q2 2025 | 44 | $219.8M | BRK.A, BRK.B, COST, PM, KO |
| Q1 2025 | 48 | $234.3M | BRK.A, BRK.B, COST, PM, KO |
| Q4 2024 | 45 | $207.1M | BRK.A, BRK.B, COST, MCD, PM |
| Q3 2024 | 45 | $200.9M | BRK.A, BRK.B, COST, KO, MCD |
| Q2 2024 | 44 | $182.4M | BRK.A, COST, BRK.B, KO, PG |
| Q1 2024 | 43 | $184.4M | BRK.A, BRK.B, COST, MCD, PEP |