Hutner Capital Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Hutner Capital Management Inc. reported 45 stock positions worth $200.9 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 17.9% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.3%) and Costco Wholesale (COST, 7.2%). Compared with Q2 2024, it opened 1 new position, added to 8 and reduced 29. The biggest buy was a new position in Chubb (CB) and the biggest sale Costco Wholesale (COST, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, VT
- CIK
- 0000944733
- Portfolio Value
- $200.9M (Q3 2024)
- SEC Filing
- 0000944733-24-000005 ↗ filed Nov 13, 2024
Holdings Value
Holdings 45 stocks · $200.9M
| BRK.A Berkshire Hathaway Inc. Class A | 17.89% | 52 | $35.9M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 7.27% | 31,741 | $14.6M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 7.19% | 16,292 | $14.4M | Reduce -0.2% |
| KO The Coca-Cola Co. | 4.58% | 128,014 | $9.2M | Reduce -1.1% |
| MCD McDonald's Corp. | 4.58% | 30,189 | $9.2M | Reduce -0.0% |
| PM Philip Morris International | 4.22% | 69,778 | $8.5M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 4.14% | 48,058 | $8.3M | Reduce -2.2% |
| PEP Pepsico Inc. | 3.97% | 46,918 | $8.0M | Add +0.3% |
| ABBV Abbvie Inc. | 3.78% | 38,502 | $7.6M | Reduce -0.2% |
| JNJ Johnson & Johnson | 3.52% | 43,586 | $7.1M | Reduce -0.1% |
| AXP American Express Co. | 3.06% | 22,677 | $6.1M | Reduce -0.4% |
| WMT Walmart Inc. | 2.64% | 65,602 | $5.3M | Reduce -0.6% |
| MO Altria Group Inc. | 2.52% | 99,348 | $5.1M | Reduce -0.3% |
| ABT Abbott Laboratories | 2.38% | 41,950 | $4.8M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 2.32% | 27,860 | $4.7M | Add +5.6% |
| ENB Enbridge Inc. | 2.22% | 110,009 | $4.5M | Reduce -0.4% |
| FNV Franco-Nevada Corp. | 2.16% | 34,880 | $4.3M | Add +0.6% |
| AAPL Apple Inc. | 2.06% | 17,773 | $4.1M | Reduce -0.2% |
| VRSK Verisk Analytics Inc. | 1.79% | 13,400 | $3.6M | No change |
| UNP Union Pacific Corp. | 1.62% | 13,210 | $3.3M | Reduce -0.3% |
| GPC Genuine Parts Co. | 1.61% | 23,158 | $3.2M | Reduce -0.6% |
| ADI Analog Devices Inc. | 1.46% | 12,702 | $2.9M | Reduce -0.2% |
| DEO Diageo PLC-Sponsored ADR | 1.34% | 19,173 | $2.7M | Reduce -13.9% |
| EPD Enterprise Products Partners | 1.31% | 90,109 | $2.6M | Reduce -0.5% |
| O Realty Income Corp. | 1.14% | 36,012 | $2.3M | Reduce -0.4% |
| ORLY O'reilly Automotive Inc. | 1.06% | 1,846 | $2.1M | Add +1.4% |
| OKE Oneok Inc. | 0.93% | 20,589 | $1.9M | Add +1.4% |
| NSC Norfolk Southern Corp. | 0.93% | 7,509 | $1.9M | No change |
| QSR Restaurant Brands Intern | 0.86% | 24,071 | $1.7M | Reduce -1.0% |
| HSY The Hershey Co. | 0.79% | 8,325 | $1.6M | Reduce -3.0% |
| AMT American Tower Corp. | 0.60% | 5,223 | $1.2M | Reduce -0.4% |
| EXPD Expeditors Intl Wash Inc. | 0.51% | 7,761 | $1.0M | Reduce -0.9% |
| SHW The Sherwin-Williams Co. | 0.46% | 2,422 | $924K | Add +0.2% |
| WFC Wells Fargo & Co. | 0.43% | 15,116 | $854K | No change |
| UPS United Parcel Service Class B | 0.36% | 5,271 | $719K | Reduce -1.0% |
| CVX Chevron Corp. | 0.36% | 4,862 | $716K | Reduce -0.3% |
| YUM Yum! Brands Inc. | 0.35% | 5,033 | $703K | Add +0.6% |
| CB Chubb Ltd. | 0.29% | 2,035 | $587K | New |
| KHC The Kraft Heinz Co. | 0.28% | 15,852 | $557K | Reduce -3.6% |
| WEC WEC Energy Group Inc. | 0.26% | 5,427 | $522K | No change |
| MCO Moody's Corp. | 0.23% | 969 | $460K | No change |
| NVS Novartis AG-Sponsored ADR | 0.15% | 2,570 | $296K | Add +33.6% |
| VZ Verizon Communications Inc. | 0.14% | 6,266 | $281K | Reduce -3.1% |
| MDLZ Mondelez International Inc. Class A | 0.14% | 3,690 | $272K | No change |
| UNH Unitedhealth Group Inc. | 0.12% | 400 | $234K | Reduce -2.9% |
Portfolio Sells Q2 2024 → Q3 2024
| COST Costco Wholesale Corp. | Reduce -0.2% | 7.19% | −0.42 |
| PG The Procter & Gamble Co. | Reduce -2.2% | 4.14% | −0.30 |
| DEO Diageo PLC-Sponsored ADR | Reduce -13.9% | 1.34% | −0.20 |
| GPC Genuine Parts Co. | Reduce -0.6% | 1.61% | −0.16 |
| ADI Analog Devices Inc. | Reduce -0.2% | 1.46% | −0.14 |
| EPD Enterprise Products Partners | Reduce -0.5% | 1.31% | −0.13 |
| QSR Restaurant Brands Intern | Reduce -1.0% | 0.86% | −0.07 |
| HSY The Hershey Co. | Reduce -3.0% | 0.79% | −0.07 |
| CVX Chevron Corp. | Reduce -0.3% | 0.36% | −0.06 |
| UPS United Parcel Service Class B | Reduce -1.0% | 0.36% | −0.04 |
| EXPD Expeditors Intl Wash Inc. | Reduce -0.9% | 0.51% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.3% | 1.62% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -3.6% | 0.28% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.1% | 2.38% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -3.1% | 0.14% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -2.9% | 0.12% | +0.00 |
| AAPL Apple Inc. | Reduce -0.2% | 2.06% | +0.00 |
| JNJ Johnson & Johnson | Reduce -0.1% | 3.52% | +0.02 |
| MO Altria Group Inc. | Reduce -0.3% | 2.52% | +0.03 |
| AMT American Tower Corp. | Reduce -0.4% | 0.60% | +0.05 |
| KO The Coca-Cola Co. | Reduce -1.1% | 4.58% | +0.06 |
| ENB Enbridge Inc. | Reduce -0.4% | 2.22% | +0.07 |
| O Realty Income Corp. | Reduce -0.4% | 1.14% | +0.09 |
| ABBV Abbvie Inc. | Reduce -0.2% | 3.78% | +0.16 |
| AXP American Express Co. | Reduce -0.4% | 3.06% | +0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 7.27% | +0.18 |
| WMT Walmart Inc. | Reduce -0.6% | 2.64% | +0.19 |
| PM Philip Morris International | Reduce -0.4% | 4.22% | +0.33 |
| MCD McDonald's Corp. | Reduce -0.0% | 4.58% | +0.36 |
Portfolio Buys Q2 2024 → Q3 2024
| CB Chubb Ltd. | New | 0.29% | +0.29 |
| SHW The Sherwin-Williams Co. | Add +0.2% | 0.46% | +0.06 |
| NVS Novartis AG-Sponsored ADR | Add +33.6% | 0.15% | +0.03 |
| OKE Oneok Inc. | Add +1.4% | 0.93% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +1.4% | 1.06% | +0.00 |
| YUM Yum! Brands Inc. | Add +0.6% | 0.35% | −0.01 |
| FNV Franco-Nevada Corp. | Add +0.6% | 2.16% | −0.10 |
| PEP Pepsico Inc. | Add +0.3% | 3.97% | −0.26 |
| GOOG Alphabet Inc. Class C | Add +5.6% | 2.32% | −0.33 |
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 |