SEC 13F Intelligence

Managers / Q1 2019 · view latest →

HUTNER CAPITAL MANAGEMENT INC

CIK 0000944733 · 3546 MAIN STREET BOX 379, MANCHESTER, VT, 05254 · 8023668157

Reported Value
$137M
Q1 2019
Positions
41
Filings on Record
30
2019–present window
Filed
May 10, 2019
original filing

Summary

Hutner Capital Management Inc reported $137M in U.S.-listed holdings across 41 positions for Q1 2019.

Its largest position, BRK/A, represents 12.1% of the portfolio.

Compared with Q4 2018, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+59.8%
share of reported value
Largest Position
+12.1%
Berkshire Hathaway
New / Exited
1 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $128MQ4 ’18Q1 ’19: $137MQ2 ’19: $141MQ3 ’19: $141MQ4 ’19: $145MQ4 ’19Q1 ’20: $109MQ2 ’20: $118MQ3 ’20: $135MQ4 ’20: $144MQ4 ’20Q1 ’21: $152MQ2 ’21: $156MQ3 ’21: $153MQ4 ’21: $171MQ4 ’21Q1 ’22: $175MQ2 ’22: $152MQ3 ’22: $143MQ4 ’22: $161MQ4 ’22Q1 ’23: $164MQ2 ’23: $171MQ3 ’23: $163MQ4 ’23: $170MQ4 ’23Q1 ’24: $184MQ2 ’24: $182MQ3 ’24: $201MQ4 ’24: $207MQ4 ’24Q1 ’25: $234MQ2 ’25: $220MQ3 ’25: $236MQ4 ’25: $240MQ4 ’25Q1 ’26: $243Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 84.4%Other: 6.8%ADR: 3.9%MLP: 2.7%REIT: 2.3%
  • Common Stock · 84.4% · $115M
  • Other · 6.8% · $9M
  • ADR · 3.9% · $5M
  • MLP · 2.7% · $4M
  • REIT · 2.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AAPLApple Computer IncNEW+1.1K1.1K+$218,000$218,000
MTBM & T Bank CorpSOLD OUT−2.1K0−$299,000$0
WEPMagellan Midstream Partners LPADDED+4.8K14.0K+$327,000$849,000
Novartis ADRADDED+3.7K10.7K+$425,000$1M
FNVFranco-Nevada CorpADDED+3.5K11.6K+$301,000$873,000
MDLZMondelez International IncTRIMMED−6.8K12.3K−$149,000$613,000
UNPUnion Pacific CorpADDED+1.6K6.7K+$421,000$1M
EXMOCExxon Mobil CorpTRIMMED−4552.5K+$0$201,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2019

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/ABerkshire Hathaway Inc Cl ACOM17.68%$24M37.8K
2MCDMcDonald's Corphistory →COM6.82%$9M49.0K
3PEPPepsico Inchistory →COM5.87%$8M65.5K
4KOCoca-Cola Companyhistory →COM5.74%$8M167.4K
5JNJJohnson & Johnsonhistory →COM5.55%$8M54.2K
6PGProcter & Gamble Cohistory →COM5.50%$8M72.2K
74I1Philip Morris International Inhistory →COM4.60%$6M71.0K
8MOAltria Group Inchistory →COM4.06%$6M96.6K
9COSTCostco Whsl Corphistory →COM3.93%$5M22.1K
10DGEDDiageo PLC Sponsored ADR Newhistory →ADR3.50%$5M29.2K
11WFCWells Fargo & Cohistory →COM2.88%$4M81.5K
12NSCNorfolk Southern Corphistory →COM2.86%$4M20.9K
13ABTAbbott Labshistory →COM2.81%$4M48.0K
14AXPAmerican Express Companyhistory →COM2.45%$3M30.7K
15Restaurant Brands InternationaCOM2.31%$3M48.5K
16GPCGenuine Parts Cohistory →COM2.25%$3M27.4K
17WMTWal Mart Stores Inchistory →COM2.07%$3M28.9K
18Anheuser-Busch Inbev SA/NVADR2.05%$3M33.4K
19EPDEnterprise Prods Partners LPhistory →COM2.04%$3M95.9K
20ENBEnbridge Inchistory →COM1.83%$3M69.0K
21ORealty Income Corphistory →COM1.74%$2M32.3K
22VRSKVerisk Analyticshistory →COM1.51%$2M15.5K
23AbbVie IncCOM1.48%$2M25.1K
24KHCKraft Heinz Cohistory →COM1.36%$2M57.0K
25UPSUnited Parcel Svc Inc Cl Bhistory →COM1.05%$1M12.9K
26UNPUnion Pacific CorpCOM0.82%$1M6.7K
27Novartis ADRADR0.75%$1M10.7K
28FNVFranco-Nevada CorpCOM0.64%$873,00011.6K
29WEPMagellan Midstream Partners LPCOM0.62%$849,00014.0K
30S76Store CapitalCOM0.54%$737,00022.0K
31KMIKinder Morgan IncCOM0.47%$642,00032.1K
32MDLZMondelez International IncCOM0.45%$613,00012.3K
33BMTABritish American TobaccoADR0.36%$485,00011.6K
34EXPDExpeditors InternationalCOM0.25%$348,0004.6K
35HSYHershey Food CorpCOM0.25%$337,0002.9K
36WECWEC Energy Group IncCOM0.22%$302,0003.8K
37BAXBaxter InternationalCOM0.18%$248,0003.1K
38Unilever PLCADR0.18%$239,0004.1K
39AAPLApple Computer IncCOM0.16%$218,0001.1K
40EXMOCExxon Mobil CorpCOM0.15%$201,0002.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$243M44May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$240M44Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$236M44Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$220M44Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$234M48May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$207M45Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$201M45Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$182M44Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$184M43May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$170M44Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$163M45Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$171M44Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$164M44May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$161M44Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$143M44Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$152M43Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$175M45May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$171M46Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$153M45Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$156M46Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$152M46May 18, 202113F-HRchanges · EDGAR ↗
Q4 2020$144M43Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$135M44Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$118M39Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$109M41May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$145M43Jan 30, 202013F-HRchanges · EDGAR ↗
Q3 2019$141M42Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$141M42Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$137M41May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$128M41Feb 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.