Hutner Capital Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Hutner Capital Management Inc. reported 45 stock positions worth $207.1 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 17.1% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.6%) and Costco Wholesale (COST, 7.2%). Compared with Q3 2024, it added to 18 and reduced 21. The biggest buy was Alphabet Class C (GOOG, shares +30%) and the biggest sale American Tower (AMT, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, VT
- CIK
- 0000944733
- Portfolio Value
- $207.1M (Q4 2024)
- SEC Filing
- 0000944733-25-000001 ↗ filed Feb 14, 2025
Holdings Value
Holdings 45 stocks · $207.1M
| BRK.A Berkshire Hathaway Inc. Class A | 17.10% | 52 | $35.4M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 7.57% | 34,590 | $15.7M | Add +9.0% |
| COST Costco Wholesale Corp. | 7.16% | 16,190 | $14.8M | Reduce -0.6% |
| MCD McDonald's Corp. | 4.57% | 32,630 | $9.5M | Add +8.1% |
| PM Philip Morris International | 4.46% | 76,790 | $9.2M | Add +10.1% |
| KO The Coca-Cola Co. | 4.44% | 147,769 | $9.2M | Add +15.4% |
| PG The Procter & Gamble Co. | 4.31% | 53,210 | $8.9M | Add +10.7% |
| PEP Pepsico Inc. | 3.95% | 53,783 | $8.2M | Add +14.6% |
| ABBV Abbvie Inc. | 3.64% | 42,403 | $7.5M | Add +10.1% |
| GOOG Alphabet Inc. Class C | 3.32% | 36,112 | $6.9M | Add +29.6% |
| JNJ Johnson & Johnson | 3.23% | 46,286 | $6.7M | Add +6.2% |
| AXP American Express Co. | 3.20% | 22,352 | $6.6M | Reduce -1.4% |
| WMT Walmart Inc. | 2.82% | 64,633 | $5.8M | Reduce -1.5% |
| MO Altria Group Inc. | 2.60% | 102,852 | $5.4M | Add +3.5% |
| ENB Enbridge Inc. | 2.53% | 123,242 | $5.2M | Add +12.0% |
| ABT Abbott Laboratories | 2.29% | 41,854 | $4.7M | Reduce -0.2% |
| FNV Franco-Nevada Corp. | 2.26% | 39,848 | $4.7M | Add +14.2% |
| AAPL Apple Inc. | 2.12% | 17,496 | $4.4M | Reduce -1.6% |
| VRSK Verisk Analytics Inc. | 1.76% | 13,238 | $3.6M | Reduce -1.2% |
| EPD Enterprise Products Partners | 1.55% | 102,654 | $3.2M | Add +13.9% |
| UNP Union Pacific Corp. | 1.45% | 13,182 | $3.0M | Reduce -0.2% |
| GPC Genuine Parts Co. | 1.30% | 23,114 | $2.7M | Reduce -0.2% |
| ADI Analog Devices Inc. | 1.30% | 12,692 | $2.7M | Reduce -0.1% |
| O Realty Income Corp. | 1.12% | 43,423 | $2.3M | Add +20.6% |
| DEO Diageo PLC-Sponsored ADR | 1.10% | 17,968 | $2.3M | Reduce -6.3% |
| ORLY O'reilly Automotive Inc. | 1.06% | 1,843 | $2.2M | Reduce -0.2% |
| OKE Oneok Inc. | 1.00% | 20,589 | $2.1M | No change |
| CB Chubb Ltd. | 0.86% | 6,456 | $1.8M | Add +217.3% |
| NSC Norfolk Southern Corp. | 0.85% | 7,509 | $1.8M | No change |
| QSR Restaurant Brands Intern | 0.76% | 24,048 | $1.6M | Reduce -0.1% |
| HSY The Hershey Co. | 0.68% | 8,291 | $1.4M | Reduce -0.4% |
| WFC Wells Fargo & Co. | 0.51% | 15,117 | $1.1M | Add +0.0% |
| SHW The Sherwin-Williams Co. | 0.40% | 2,413 | $820K | Reduce -0.4% |
| EXPD Expeditors Intl Wash Inc. | 0.39% | 7,306 | $809K | Reduce -5.9% |
| YUM Yum! Brands Inc. | 0.33% | 5,048 | $677K | Add +0.3% |
| UPS United Parcel Service Class B | 0.32% | 5,251 | $662K | Reduce -0.4% |
| NVS Novartis AG-Sponsored ADR | 0.28% | 5,894 | $574K | Add +129.3% |
| WEC WEC Energy Group Inc. | 0.25% | 5,427 | $510K | No change |
| KHC The Kraft Heinz Co. | 0.23% | 15,491 | $476K | Reduce -2.3% |
| MCO Moody's Corp. | 0.22% | 959 | $454K | Reduce -1.0% |
| AMT American Tower Corp. | 0.21% | 2,347 | $431K | Reduce -55.1% |
| CVX Chevron Corp. | 0.18% | 2,619 | $379K | Reduce -46.1% |
| VZ Verizon Communications Inc. | 0.11% | 5,733 | $229K | Reduce -8.5% |
| MDLZ Mondelez International Inc. Class A | 0.11% | 3,690 | $220K | No change |
| UNH Unitedhealth Group Inc. | 0.10% | 400 | $202K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| AMT American Tower Corp. | Reduce -55.1% | 0.21% | −0.40 |
| GPC Genuine Parts Co. | Reduce -0.2% | 1.30% | −0.31 |
| DEO Diageo PLC-Sponsored ADR | Reduce -6.3% | 1.10% | −0.24 |
| CVX Chevron Corp. | Reduce -46.1% | 0.18% | −0.17 |
| UNP Union Pacific Corp. | Reduce -0.2% | 1.45% | −0.17 |
| ADI Analog Devices Inc. | Reduce -0.1% | 1.30% | −0.15 |
| EXPD Expeditors Intl Wash Inc. | Reduce -5.9% | 0.39% | −0.12 |
| HSY The Hershey Co. | Reduce -0.4% | 0.68% | −0.12 |
| QSR Restaurant Brands Intern | Reduce -0.1% | 0.76% | −0.11 |
| ABT Abbott Laboratories | Reduce -0.2% | 2.29% | −0.09 |
| SHW The Sherwin-Williams Co. | Reduce -0.4% | 0.40% | −0.06 |
| KHC The Kraft Heinz Co. | Reduce -2.3% | 0.23% | −0.05 |
| UPS United Parcel Service Class B | Reduce -0.4% | 0.32% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -8.5% | 0.11% | −0.03 |
| VRSK Verisk Analytics Inc. | Reduce -1.2% | 1.76% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 7.16% | −0.03 |
| MCO Moody's Corp. | Reduce -1.0% | 0.22% | −0.01 |
| ORLY O'reilly Automotive Inc. | Reduce -0.2% | 1.06% | −0.00 |
| AAPL Apple Inc. | Reduce -1.6% | 2.12% | +0.05 |
| AXP American Express Co. | Reduce -1.4% | 3.20% | +0.14 |
| WMT Walmart Inc. | Reduce -1.5% | 2.82% | +0.18 |
Portfolio Buys Q3 2024 → Q4 2024
| GOOG Alphabet Inc. Class C | Add +29.6% | 3.32% | +1.00 |
| CB Chubb Ltd. | Add +217.3% | 0.86% | +0.57 |
| ENB Enbridge Inc. | Add +12.0% | 2.53% | +0.30 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.0% | 7.57% | +0.30 |
| EPD Enterprise Products Partners | Add +13.9% | 1.55% | +0.25 |
| PM Philip Morris International | Add +10.1% | 4.46% | +0.25 |
| PG The Procter & Gamble Co. | Add +10.7% | 4.31% | +0.17 |
| NVS Novartis AG-Sponsored ADR | Add +129.3% | 0.28% | +0.13 |
| FNV Franco-Nevada Corp. | Add +14.2% | 2.26% | +0.11 |
| WFC Wells Fargo & Co. | Add +0.0% | 0.51% | +0.09 |
| MO Altria Group Inc. | Add +3.5% | 2.60% | +0.07 |
| MCD McDonald's Corp. | Add +8.1% | 4.57% | −0.01 |
| O Realty Income Corp. | Add +20.6% | 1.12% | −0.02 |
| PEP Pepsico Inc. | Add +14.6% | 3.95% | −0.02 |
| YUM Yum! Brands Inc. | Add +0.3% | 0.33% | −0.02 |
| KO The Coca-Cola Co. | Add +15.4% | 4.44% | −0.14 |
| ABBV Abbvie Inc. | Add +10.1% | 3.64% | −0.15 |
| JNJ Johnson & Johnson | Add +6.2% | 3.23% | −0.28 |
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 |