Hutner Capital Management Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Hutner Capital Management Inc. reported 44 stock positions worth $243.4 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 12.1% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 8.3%) and Costco Wholesale (COST, 5.8%). Compared with Q4 2025, it added to 19 and reduced 18. The biggest buy was Enbridge (ENB, shares +1%) and the biggest sale Abbvie (ABBV, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, VT
- CIK
- 0000944733
- Portfolio Value
- $243.4M (Q1 2026)
- SEC Filing
- 0000944733-26-000002 ↗ filed May 15, 2026
Holdings Value
Holdings 44 stocks · $243.4M
| BRK.A Berkshire Hathaway Inc. Class A | 12.10% | 41 | $29.4M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 8.26% | 41,962 | $20.1M | Add +0.1% |
| COST Costco Wholesale Corp. | 5.77% | 14,085 | $14.0M | Reduce -0.1% |
| PM Philip Morris International | 4.90% | 72,083 | $11.9M | Reduce -2.1% |
| KO The Coca-Cola Co. | 4.80% | 153,656 | $11.7M | Reduce -0.2% |
| FNV Franco-Nevada Corp. | 4.79% | 47,226 | $11.7M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 4.70% | 39,872 | $11.4M | Add +0.6% |
| JNJ Johnson & Johnson | 4.53% | 45,062 | $11.0M | Reduce -0.3% |
| MCD McDonald's Corp. | 4.48% | 35,104 | $10.9M | Add +0.4% |
| PEP Pepsico Inc. | 4.24% | 66,492 | $10.3M | Add +2.0% |
| ABBV Abbvie Inc. | 3.57% | 40,006 | $8.7M | Reduce -4.5% |
| ENB Enbridge Inc. | 3.57% | 160,656 | $8.7M | Add +0.5% |
| PG The Procter & Gamble Co. | 3.17% | 53,474 | $7.7M | Reduce -0.6% |
| MO Altria Group Inc. | 3.07% | 113,334 | $7.5M | Reduce -0.2% |
| WMT Walmart Inc. | 2.96% | 58,016 | $7.2M | Reduce -0.3% |
| AXP American Express Co. | 2.56% | 20,596 | $6.2M | Add +0.9% |
| AAPL Apple Inc. | 2.30% | 22,071 | $5.6M | Reduce -0.1% |
| EPD Enterprise Products Partners | 2.13% | 137,053 | $5.2M | No change |
| ABT Abbott Laboratories | 1.86% | 44,022 | $4.5M | Add +0.1% |
| CB Chubb Ltd. | 1.59% | 11,839 | $3.9M | Add +5.0% |
| ADI Analog Devices Inc. | 1.53% | 11,731 | $3.7M | Reduce -0.1% |
| O Realty Income Corp. | 1.33% | 52,954 | $3.2M | Add +2.7% |
| UNP Union Pacific Corp. | 1.25% | 12,515 | $3.0M | Add +1.9% |
| ORLY O'reilly Automotive Inc. | 1.12% | 29,464 | $2.7M | Add +0.2% |
| GPC Genuine Parts Co. | 1.03% | 23,653 | $2.5M | Reduce -5.5% |
| V Visa Inc. Class A | 0.93% | 7,523 | $2.3M | Add +8.7% |
| VRSK Verisk Analytics Inc. | 0.92% | 11,758 | $2.2M | Add +5.0% |
| NSC Norfolk Southern Corp. | 0.88% | 7,454 | $2.1M | No change |
| HSY The Hershey Co. | 0.79% | 9,287 | $1.9M | Add +0.0% |
| YUM Yum! Brands Inc. | 0.66% | 10,317 | $1.6M | Add +5.3% |
| QSR Restaurant Brands Intern | 0.55% | 17,997 | $1.3M | Add +1.2% |
| PGR Progressive Corp. | 0.49% | 6,043 | $1.2M | Add +0.1% |
| SHW The Sherwin-Williams Co. | 0.49% | 3,731 | $1.2M | Add +3.5% |
| WFC Wells Fargo & Co. | 0.49% | 14,987 | $1.2M | Reduce -0.7% |
| NVS Novartis AG-Sponsored ADR | 0.43% | 6,834 | $1.0M | Add +0.0% |
| EXPD Expeditors Intl Wash Inc. | 0.38% | 6,485 | $929K | Reduce -0.1% |
| DEO Diageo PLC-Sponsored ADR | 0.29% | 9,444 | $703K | Reduce -43.1% |
| OKE Oneok Inc. | 0.26% | 6,962 | $629K | No change |
| WEC WEC Energy Group Inc. | 0.25% | 5,336 | $618K | Reduce -0.4% |
| MCO Moody's Corp. | 0.17% | 945 | $412K | No change |
| ZTS Zoetis Inc. | 0.13% | 2,729 | $323K | No change |
| UPS United Parcel Service Class B | 0.10% | 2,444 | $240K | Reduce -43.7% |
| GOOGL Alphabet Inc. Class A | 0.09% | 794 | $228K | No change |
| AMT American Tower Corp. | 0.09% | 1,237 | $214K | Reduce -15.7% |
Portfolio Sells Q4 2025 → Q1 2026
| ABBV Abbvie Inc. | Reduce -4.5% | 3.57% | −0.42 |
| DEO Diageo PLC-Sponsored ADR | Reduce -43.1% | 0.29% | −0.31 |
| GPC Genuine Parts Co. | Reduce -5.5% | 1.03% | −0.26 |
| AAPL Apple Inc. | Reduce -0.1% | 2.30% | −0.20 |
| WFC Wells Fargo & Co. | Reduce -0.7% | 0.49% | −0.10 |
| UPS United Parcel Service Class B | Reduce -43.7% | 0.10% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 3.17% | −0.05 |
| PM Philip Morris International | Reduce -2.1% | 4.90% | −0.03 |
| EXPD Expeditors Intl Wash Inc. | Reduce -0.1% | 0.38% | −0.02 |
| AMT American Tower Corp. | Reduce -15.7% | 0.09% | −0.02 |
| WEC WEC Energy Group Inc. | Reduce -0.4% | 0.25% | +0.02 |
| ADI Analog Devices Inc. | Reduce -0.1% | 1.53% | +0.20 |
| WMT Walmart Inc. | Reduce -0.3% | 2.96% | +0.26 |
| KO The Coca-Cola Co. | Reduce -0.2% | 4.80% | +0.31 |
| MO Altria Group Inc. | Reduce -0.2% | 3.07% | +0.34 |
| JNJ Johnson & Johnson | Reduce -0.3% | 4.53% | +0.62 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 5.77% | +0.69 |
| FNV Franco-Nevada Corp. | Reduce -0.0% | 4.79% | +0.71 |
Portfolio Buys Q4 2025 → Q1 2026
| ENB Enbridge Inc. | Add +0.5% | 3.57% | +0.38 |
| PEP Pepsico Inc. | Add +2.0% | 4.24% | +0.34 |
| O Realty Income Corp. | Add +2.7% | 1.33% | +0.12 |
| CB Chubb Ltd. | Add +5.0% | 1.59% | +0.12 |
| HSY The Hershey Co. | Add +0.0% | 0.79% | +0.09 |
| UNP Union Pacific Corp. | Add +1.9% | 1.25% | +0.06 |
| YUM Yum! Brands Inc. | Add +5.3% | 0.66% | +0.04 |
| QSR Restaurant Brands Intern | Add +1.2% | 0.55% | +0.04 |
| NVS Novartis AG-Sponsored ADR | Add +0.0% | 0.43% | +0.04 |
| MCD McDonald's Corp. | Add +0.4% | 4.48% | +0.02 |
| SHW The Sherwin-Williams Co. | Add +3.5% | 0.49% | +0.00 |
| ORLY O'reilly Automotive Inc. | Add +0.2% | 1.12% | −0.00 |
| V Visa Inc. Class A | Add +8.7% | 0.93% | −0.08 |
| PGR Progressive Corp. | Add +0.1% | 0.49% | −0.08 |
| VRSK Verisk Analytics Inc. | Add +5.0% | 0.92% | −0.13 |
| ABT Abbott Laboratories | Add +0.1% | 1.86% | −0.44 |
| GOOG Alphabet Inc. Class C | Add +0.6% | 4.70% | −0.49 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 8.26% | −0.53 |
| AXP American Express Co. | Add +0.9% | 2.56% | −0.59 |
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 |