HUTNER CAPITAL MANAGEMENT INC — 13F Holdings & Portfolio
CIK 944733 · latest 13F-HR filed 2026-08-14
HUTNER CAPITAL MANAGEMENT INC manages $252.1M in 13F-reported U.S. long-equity assets across 43 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BRK.A (12.18%), BRK.B (7.80%), GOOG (5.75%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 1 new position, exited 2, added to 22, and trimmed 7.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
MANCHESTER, VT 05254
$252.1M
Long-equity book
43
Distinct positions
2026-06-30
Filed 2026-08-14
+1 / −2 / ↑22 / ↓7
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Alphabet Inc Class C$3.1M +26.8%
- AbbVie Inc$1.4M +15.7%
- Philip Morris International In$1.1M +9.0%
- Verisk Analytics$936.0K +42.0%
- Analog Devices Inc$927.2K +24.8%
Top Trims
- Franco-Nevada Corp-$1.6M -13.5%
- McDonald's Corp-$1.4M -12.7%
- PepsiCo Inc-$1.1M -10.6%
- Costco Whsl Corp-$766.9K -5.5%
- Walmart Inc-$672.3K -9.3%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc Cl A | BRK.A | 084670108 | $30.7M | 12.18% | 41 | SH |
| 2 | Berkshire Hathaway Inc Cl B | BRK.B | 084670702 | $19.7M | 7.80% | 39,297 | SH |
| 3 | Alphabet Inc Class C | GOOG | 02079K107 | $14.5M | 5.75% | 41,045 | SH |
| 4 | Costco Whsl Corp | COST | 22160K105 | $13.3M | 5.26% | 14,183 | SH |
| 5 | Philip Morris International In | PM | 718172109 | $13.0M | 5.15% | 71,834 | SH |
| 6 | Coca-Cola Company | KO | 191216100 | $12.5M | 4.96% | 154,028 | SH |
| 7 | Johnson & Johnson | JNJ | 478160104 | $11.5M | 4.54% | 45,099 | SH |
| 8 | Franco-Nevada Corp | FNV | 351858105 | $10.1M | 4.00% | 48,444 | SH |
| 9 | AbbVie Inc | ABBV | 00287Y109 | $10.1M | 3.99% | 40,013 | SH |
| 10 | McDonald's Corp | MCD | 580135101 | $9.5M | 3.78% | 35,234 | SH |
| 11 | PepsiCo Inc | PEP | 713448108 | $9.2M | 3.66% | 68,143 | SH |
| 12 | Enbridge Inc | ENB | 29250N105 | $8.8M | 3.48% | 161,690 | SH |
| 13 | Altria Group Inc | MO | 02209S103 | $8.1M | 3.23% | 113,040 | SH |
| 14 | Procter & Gamble Co | PG | 742718109 | $7.8M | 3.09% | 53,101 | SH |
| 15 | American Express Company | AXP | 025816109 | $7.0M | 2.80% | 20,835 | SH |
| 16 | Walmart Inc | WMT | 931142103 | $6.5M | 2.59% | 57,724 | SH |
| 17 | Apple Inc | AAPL | 037833100 | $6.4M | 2.56% | 22,289 | SH |
| 18 | Enterprise Prods Partners LP | EPD | 293792107 | $5.1M | 2.02% | 138,729 | SH |
| 19 | Analog Devices Inc | ADI | 032654105 | $4.7M | 1.85% | 11,731 | SH |
| 20 | Chubb Limited | CB | H1467J104 | $4.6M | 1.83% | 13,541 | SH |
| 21 | Abbott Labs | ABT | 002824100 | $4.0M | 1.58% | 43,797 | SH |
| 22 | Union Pacific Corp | UNP | 907818108 | $3.6M | 1.41% | 13,053 | SH |
| 23 | Realty Income Corp | O | 756109104 | $3.4M | 1.33% | 54,267 | SH |
| 24 | Verisk Analytics | VRSK | 92345Y106 | $3.2M | 1.26% | 17,641 | SH |
| 25 | Visa Inc | V | 92826C839 | $2.9M | 1.15% | 8,478 | SH |
| 26 | Genuine Parts Co | GPC | 372460105 | $2.8M | 1.11% | 23,654 | SH |
| 27 | O'Reilly Automotive Inc | ORLY | 67103H107 | $2.7M | 1.08% | 29,674 | SH |
| 28 | Norfolk Southern Corp | NSC | 655844108 | $2.3M | 0.93% | 7,454 | SH |
| 29 | Yum Brands Inc | YUM | 988498101 | $1.7M | 0.68% | 10,693 | SH |
| 30 | Restaurant Brands Internationa | QSR | 76131D103 | $1.7M | 0.68% | 23,563 | SH |
| 31 | Hershey Company | HSY | 427866108 | $1.6M | 0.65% | 9,378 | SH |
| 32 | Progressive Corp | PGR | 743315103 | $1.3M | 0.53% | 6,093 | SH |
| 33 | Sherwin-Williams Co. | SHW | 824348106 | $1.3M | 0.51% | 3,731 | SH |
| 34 | Wells Fargo & Co | WFC | 949746101 | $1.2M | 0.49% | 14,953 | SH |
| 35 | Novartis International AG ADR | NVS | 66987V109 | $1.1M | 0.43% | 6,891 | SH |
| 36 | Expeditors International | EXPD | 302130109 | $1.1M | 0.42% | 6,485 | SH |
| 37 | Diageo PLC Sponsored ADR | DEO | 25243Q205 | $739.0K | 0.29% | 9,194 | SH |
| 38 | WEC Energy Group Inc | WEC | 92939U106 | $623.1K | 0.25% | 5,336 | SH |
| 39 | Oneok, Inc | OKE | 682680103 | $605.3K | 0.24% | 6,962 | SH |
| 40 | Moody's Corp | MCO | 615369105 | $428.0K | 0.17% | 945 | SH |
| 41 | Alphabet Inc Class A | GOOGL | 02079K305 | $283.9K | 0.11% | 795 | SH |
| 42 | United Parcel Svc Inc Cl B | UPS | 911312106 | $259.2K | 0.10% | 2,411 | SH |
| 43 | Corning Inc | GLW | 219350105 | $204.3K | 0.08% | 800 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $252.1M | 43 | 0000944733-26-000003 |
| 2026-03-31 | 2026-05-15 | $243.4M | 44 | 0000944733-26-000002 |
| 2025-12-31 | 2026-02-17 | $239.6M | 44 | 0000944733-26-000001 |
| 2025-09-30 | 2025-11-13 | $236.4M | 44 | 0000944733-25-000006 |