SEC 13F Intelligence

Managers / Q4 2024 · view latest →

HUTNER CAPITAL MANAGEMENT INC

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

Reported Value
$207M
Q4 2024
Positions
45
Filings on Record
30
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Hutner Capital Management Inc reported $207M in U.S.-listed holdings across 45 positions for Q4 2024.

Its largest position, BRK/A, represents 17.1% of the portfolio.

The book was largely unchanged from Q3 2024.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+60.5%
share of reported value
Largest Position
+17.1%
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: 94.9%MLP: 1.6%ADR: 1.4%REIT: 1.3%Other: 0.9%
  • Common Stock · 94.9% · $196M
  • MLP · 1.6% · $3M
  • ADR · 1.4% · $3M
  • REIT · 1.3% · $3M
  • Other · 0.9% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Chubb LimitedADDED+4.4K6.5K+$1M$2M
NVSNNovartis International AG ADRADDED+3.3K5.9K+$277,948$573,518
AMTAmerican Tower Systems Corp ClTRIMMED−2.9K2.3K−$784,177$430,512
CHVChevron CorpTRIMMED−2.2K2.6K−$336,691$379,336
GOOGAlphabet Inc Class CADDED+8.3K36.1K+$2M$7M
ORealty Income CorpADDED+7.4K43.4K+$35,339$2M
KOCoca-Cola CompanyADDED+19.8K147.8K+$995$9M
PEPPepsiCo IncADDED+6.9K53.8K+$199,917$8M

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

Holdings — Q4 2024

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/ABerkshire Hathaway Inc Cl ACOM24.67%$51M34.6K
2COSTCostco Whsl Corphistory →COM7.16%$15M16.2K
3MCDMcDonald's Corphistory →COM4.57%$9M32.6K
44I1Philip Morris International Inhistory →COM4.46%$9M76.8K
5KOCoca-Cola Companyhistory →COM4.44%$9M147.8K
6PGProcter & Gamble Cohistory →COM4.31%$9M53.2K
7PEPPepsiCo Inchistory →COM3.95%$8M53.8K
8ABBVAbbVie Inchistory →COM3.64%$8M42.4K
9GOOGAlphabet Inc Class Chistory →COM3.32%$7M36.1K
10JNJJohnson & Johnsonhistory →COM3.23%$7M46.3K
11AXPAmerican Express Companyhistory →COM3.20%$7M22.4K
12WMTWalmart Inchistory →COM2.82%$6M64.6K
13MOAltria Group Inchistory →COM2.60%$5M102.9K
14ENBEnbridge Inchistory →COM2.53%$5M123.2K
15ABTAbbott Labshistory →COM2.29%$5M41.9K
16FNVFranco-Nevada Corphistory →COM2.26%$5M39.8K
17AAPLApple Inchistory →COM2.12%$4M17.5K
18VRSKVerisk Analyticshistory →COM1.76%$4M13.2K
19EPDEnterprise Prods Partners LPhistory →COM1.55%$3M102.7K
20UNPUnion Pacific Corphistory →COM1.45%$3M13.2K
21GPCGenuine Parts Cohistory →COM1.30%$3M23.1K
22ADIAnalog Devices Inchistory →COM1.30%$3M12.7K
23ORealty Income Corphistory →COM1.12%$2M43.4K
24DGEDDiageo PLC Sponsored ADRhistory →ADR1.10%$2M18.0K
25ORLYO'Reilly Automotive Inchistory →COM1.06%$2M1.8K
26OKEOneok, IncCOM1.00%$2M20.6K
27Chubb LimitedCOM0.86%$2M6.5K
28NSCNorfolk Southern CorpCOM0.85%$2M7.5K
29QSRRestaurant Brands InternationaCOM0.76%$2M24.0K
30HSYHershey CompanyCOM0.68%$1M8.3K
31WFCWells Fargo & CoCOM0.51%$1M15.1K
32SHWSherwin-Williams Co.COM0.40%$820,2352.4K
33EXPDExpeditors InternationalCOM0.39%$809,2667.3K
34YUMYum Brands IncCOM0.33%$677,2565.0K
35UPSUnited Parcel Svc Inc Cl BCOM0.32%$662,1385.3K
36NVSNNovartis International AG ADRADR0.28%$573,5185.9K
37WECWEC Energy Group IncCOM0.25%$510,3555.4K
38KHCKraft Heinz CoCOM0.23%$475,72015.5K
39DUTMoody's CorpCOM0.22%$453,962959
40AMTAmerican Tower Systems Corp ClCOM0.21%$430,5122.3K
41CHVChevron CorpCOM0.18%$379,3362.6K
42BACVerizon Communications IncCOM0.11%$229,2615.7K
43MDLZMondelez International IncCOM0.11%$220,4043.7K
44UNHUnitedHealth Group IncCOM0.10%$202,344400

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 ↗.