Hutner Capital Management Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Hutner Capital Management Inc. reported 44 stock positions worth $182.4 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 17.5% of the portfolio, followed by Costco Wholesale (COST, 7.6%) and Berkshire Hathaway Class B (BRK.B, 7.1%). Compared with Q1 2024, it opened 1 new position, added to 10 and reduced 28. The biggest buy was Costco Wholesale (COST, shares +0%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, VT
- CIK
- 0000944733
- Portfolio Value
- $182.4M (Q2 2024)
- SEC Filing
- 0000944733-24-000003 ↗ filed Aug 13, 2024
Holdings Value
Holdings 44 stocks · $182.4M
| BRK.A Berkshire Hathaway Inc. Class A | 17.46% | 52 | $31.8M | No change |
| COST Costco Wholesale Corp. | 7.61% | 16,331 | $13.9M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.10% | 31,820 | $12.9M | Reduce -4.0% |
| KO The Coca-Cola Co. | 4.51% | 129,366 | $8.2M | Reduce -2.5% |
| PG The Procter & Gamble Co. | 4.44% | 49,149 | $8.1M | Reduce -2.4% |
| PEP Pepsico Inc. | 4.23% | 46,762 | $7.7M | Reduce -1.7% |
| MCD McDonald's Corp. | 4.22% | 30,200 | $7.7M | Reduce -0.5% |
| PM Philip Morris International | 3.89% | 70,042 | $7.1M | Reduce -2.2% |
| ABBV Abbvie Inc. | 3.63% | 38,565 | $6.6M | Reduce -1.3% |
| JNJ Johnson & Johnson | 3.50% | 43,635 | $6.4M | Reduce -1.5% |
| AXP American Express Co. | 2.89% | 22,777 | $5.3M | No change |
| GOOG Alphabet Inc. Class C | 2.65% | 26,380 | $4.8M | Add +9.3% |
| MO Altria Group Inc. | 2.49% | 99,678 | $4.5M | Reduce -2.3% |
| WMT Walmart Inc. | 2.45% | 65,987 | $4.5M | Reduce -2.0% |
| ABT Abbott Laboratories | 2.39% | 42,001 | $4.4M | Reduce -2.6% |
| FNV Franco-Nevada Corp. | 2.25% | 34,672 | $4.1M | Add +0.3% |
| ENB Enbridge Inc. | 2.15% | 110,405 | $3.9M | Reduce -1.2% |
| AAPL Apple Inc. | 2.06% | 17,809 | $3.8M | Reduce -1.0% |
| VRSK Verisk Analytics Inc. | 1.98% | 13,400 | $3.6M | No change |
| GPC Genuine Parts Co. | 1.77% | 23,293 | $3.2M | Reduce -1.9% |
| UNP Union Pacific Corp. | 1.64% | 13,251 | $3.0M | Reduce -1.6% |
| ADI Analog Devices Inc. | 1.59% | 12,722 | $2.9M | Reduce -1.6% |
| DEO Diageo PLC-Sponsored ADR | 1.54% | 22,271 | $2.8M | Reduce -9.2% |
| EPD Enterprise Products Partners | 1.44% | 90,554 | $2.6M | Reduce -0.3% |
| ORLY O'reilly Automotive Inc. | 1.05% | 1,820 | $1.9M | Add +3.5% |
| O Realty Income Corp. | 1.05% | 36,166 | $1.9M | Reduce -2.1% |
| QSR Restaurant Brands Intern | 0.94% | 24,307 | $1.7M | Reduce -3.2% |
| OKE Oneok Inc. | 0.91% | 20,310 | $1.7M | Add +5.0% |
| NSC Norfolk Southern Corp. | 0.88% | 7,509 | $1.6M | Reduce -1.3% |
| HSY The Hershey Co. | 0.87% | 8,583 | $1.6M | Add +1.2% |
| AMT American Tower Corp. | 0.56% | 5,244 | $1.0M | Reduce -1.1% |
| EXPD Expeditors Intl Wash Inc. | 0.54% | 7,832 | $977K | Reduce -1.0% |
| WFC Wells Fargo & Co. | 0.49% | 15,116 | $898K | Reduce -0.1% |
| CVX Chevron Corp. | 0.42% | 4,875 | $763K | Add +11.4% |
| UPS United Parcel Service Class B | 0.40% | 5,325 | $729K | Reduce -3.3% |
| SHW The Sherwin-Williams Co. | 0.40% | 2,418 | $722K | Add +17.2% |
| YUM Yum! Brands Inc. | 0.36% | 5,003 | $663K | Add +0.9% |
| KHC The Kraft Heinz Co. | 0.29% | 16,444 | $530K | Reduce -6.5% |
| WEC WEC Energy Group Inc. | 0.23% | 5,427 | $426K | No change |
| MCO Moody's Corp. | 0.22% | 969 | $408K | No change |
| VZ Verizon Communications Inc. | 0.15% | 6,466 | $267K | Add +0.1% |
| MDLZ Mondelez International Inc. Class A | 0.13% | 3,690 | $241K | Reduce -4.4% |
| UNH Unitedhealth Group Inc. | 0.12% | 412 | $210K | Reduce -4.6% |
| NVS Novartis AG-Sponsored ADR | 0.11% | 1,923 | $205K | New |
Portfolio Sells Q1 2024 → Q2 2024
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.0% | 7.10% | −0.46 |
| DEO Diageo PLC-Sponsored ADR | Reduce -9.2% | 1.54% | −0.44 |
| MCD McDonald's Corp. | Reduce -0.5% | 4.22% | −0.42 |
| JNJ Johnson & Johnson | Reduce -1.5% | 3.50% | −0.30 |
| PEP Pepsico Inc. | Reduce -1.7% | 4.23% | −0.29 |
| ABT Abbott Laboratories | Reduce -2.6% | 2.39% | −0.26 |
| ABBV Abbvie Inc. | Reduce -1.3% | 3.63% | −0.23 |
| GPC Genuine Parts Co. | Reduce -1.9% | 1.77% | −0.23 |
| NSC Norfolk Southern Corp. | Reduce -1.3% | 0.88% | −0.17 |
| UNP Union Pacific Corp. | Reduce -1.6% | 1.64% | −0.15 |
| QSR Restaurant Brands Intern | Reduce -3.2% | 0.94% | −0.14 |
| KHC The Kraft Heinz Co. | Reduce -6.5% | 0.29% | −0.06 |
| UPS United Parcel Service Class B | Reduce -3.3% | 0.40% | −0.04 |
| ENB Enbridge Inc. | Reduce -1.2% | 2.15% | −0.04 |
| O Realty Income Corp. | Reduce -2.1% | 1.05% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.4% | 0.13% | −0.01 |
| AMT American Tower Corp. | Reduce -1.1% | 0.56% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -4.6% | 0.12% | −0.00 |
| EPD Enterprise Products Partners | Reduce -0.3% | 1.44% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -2.4% | 4.44% | +0.01 |
| EXPD Expeditors Intl Wash Inc. | Reduce -1.0% | 0.54% | +0.01 |
| WFC Wells Fargo & Co. | Reduce -0.1% | 0.49% | +0.02 |
| MO Altria Group Inc. | Reduce -2.3% | 2.49% | +0.08 |
| KO The Coca-Cola Co. | Reduce -2.5% | 4.51% | +0.11 |
| ADI Analog Devices Inc. | Reduce -1.6% | 1.59% | +0.21 |
| WMT Walmart Inc. | Reduce -2.0% | 2.45% | +0.25 |
| PM Philip Morris International | Reduce -2.2% | 3.89% | +0.33 |
| AAPL Apple Inc. | Reduce -1.0% | 2.06% | +0.38 |
Portfolio Buys Q1 2024 → Q2 2024
| COST Costco Wholesale Corp. | Add +0.0% | 7.61% | +1.12 |
| GOOG Alphabet Inc. Class C | Add +9.3% | 2.65% | +0.66 |
| NVS Novartis AG-Sponsored ADR | New | 0.11% | +0.11 |
| OKE Oneok Inc. | Add +5.0% | 0.91% | +0.07 |
| CVX Chevron Corp. | Add +11.4% | 0.42% | +0.04 |
| FNV Franco-Nevada Corp. | Add +0.3% | 2.25% | +0.02 |
| SHW The Sherwin-Williams Co. | Add +17.2% | 0.40% | +0.01 |
| VZ Verizon Communications Inc. | Add +0.1% | 0.15% | −0.00 |
| YUM Yum! Brands Inc. | Add +0.9% | 0.36% | −0.01 |
| ORLY O'reilly Automotive Inc. | Add +3.5% | 1.05% | −0.02 |
| HSY The Hershey Co. | Add +1.2% | 0.87% | −0.03 |
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 |