SEC 13F Intelligence

Managers / Q2 2024 · view latest →

HUTNER CAPITAL MANAGEMENT INC

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

Reported Value
$182M
Q2 2024
Positions
44
Filings on Record
30
2019–present window
Filed
Aug 13, 2024
original filing

Summary

Hutner Capital Management Inc reported $182M in U.S.-listed holdings across 44 positions for Q2 2024.

Its largest position, BRK/A, represents 17.5% of the portfolio.

Compared with Q1 2024, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+60.6%
share of reported value
Largest Position
+17.5%
Berkshire Hathaway

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: 95.3%ADR: 1.7%REIT: 1.6%MLP: 1.4%
  • Common Stock · 95.3% · $174M
  • ADR · 1.7% · $3M
  • REIT · 1.6% · $3M
  • MLP · 1.4% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVSNNovartis International AG ADRNEW+1.9K1.9K+$204,693$204,693
SHWSherwin-Williams Co.ADDED+3552.4K+$5,147$721,545
CHVChevron CorpADDED+5004.9K+$72,435$762,548
GOOGAlphabet Inc Class CADDED+2.3K26.4K+$1M$5M
DGEDDiageo PLC Sponsored ADRTRIMMED−2.3K22.3K−$840,946$3M
KHCKraft Heinz CoTRIMMED−1.1K16.4K−$119,311$529,830
OKEOneok, IncADDED+97420.3K+$106,114$2M
UNHUnitedHealth Group IncHELD−20412−$3,895$209,815

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

Holdings — Q2 2024

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/ABerkshire Hathaway Inc Cl ACOM24.55%$45M31.9K
2COSTCostco Whsl Corphistory →COM7.61%$14M16.3K
3KOCoca-Cola Companyhistory →COM4.51%$8M129.4K
4PGProcter & Gamble Cohistory →COM4.44%$8M49.1K
5PEPPepsiCo Inchistory →COM4.23%$8M46.8K
6MCDMcDonald's Corphistory →COM4.22%$8M30.2K
74I1Philip Morris International Inhistory →COM3.89%$7M70.0K
8ABBVAbbVie Inchistory →COM3.63%$7M38.6K
9JNJJohnson & Johnsonhistory →COM3.50%$6M43.6K
10AXPAmerican Express Companyhistory →COM2.89%$5M22.8K
11GOOGAlphabet Inc Class Chistory →COM2.65%$5M26.4K
12MOAltria Group Inchistory →COM2.49%$5M99.7K
13WMTWalmart Inchistory →COM2.45%$4M66.0K
14ABTAbbott Labshistory →COM2.39%$4M42.0K
15FNVFranco-Nevada Corphistory →COM2.25%$4M34.7K
16ENBEnbridge Inchistory →COM2.15%$4M110.4K
17AAPLApple Inchistory →COM2.06%$4M17.8K
18VRSKVerisk Analyticshistory →COM1.98%$4M13.4K
19GPCGenuine Parts Cohistory →COM1.77%$3M23.3K
20UNPUnion Pacific Corphistory →COM1.64%$3M13.3K
21ADIAnalog Devices Inchistory →COM1.59%$3M12.7K
22DGEDDiageo PLC Sponsored ADRhistory →ADR1.54%$3M22.3K
23EPDEnterprise Prods Partners LPhistory →COM1.44%$3M90.6K
24ORLYO'Reilly Automotive Inchistory →COM1.05%$2M1.8K
25ORealty Income Corphistory →COM1.05%$2M36.2K
26QSRRestaurant Brands InternationaCOM0.94%$2M24.3K
27OKEOneok, IncCOM0.91%$2M20.3K
28NSCNorfolk Southern CorpCOM0.88%$2M7.5K
29HSYHershey CompanyCOM0.87%$2M8.6K
30AMTAmerican Tower Systems Corp ClCOM0.56%$1M5.2K
31EXPDExpeditors InternationalCOM0.54%$977,3857.8K
32WFCWells Fargo & CoCOM0.49%$897,71215.1K
33CHVChevron CorpCOM0.42%$762,5484.9K
34UPSUnited Parcel Svc Inc Cl BCOM0.40%$728,6965.3K
35SHWSherwin-Williams Co.COM0.40%$721,5452.4K
36YUMYum Brands IncCOM0.36%$662,7285.0K
37KHCKraft Heinz CoCOM0.29%$529,83016.4K
38WECWEC Energy Group IncCOM0.23%$425,8025.4K
39DUTMoody's CorpCOM0.22%$407,881969
40BACVerizon Communications IncCOM0.15%$266,6616.5K
41MDLZMondelez International IncCOM0.13%$241,4743.7K
42UNHUnitedHealth Group IncCOM0.12%$209,815412
43NVSNNovartis International AG ADRADR0.11%$204,6931.9K

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 ↗.