SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Cutter & CO Brokerage, Inc.

CIK 0001406995 · 15415 CLAYTON ROAD, BALLWIN, MO, 63011 · 636-537-8770

Reported Value
$285M
Q4 2019
Positions
251
Filings on Record
31
2019–present window
Filed
Feb 11, 2020
original filing

Summary

Cutter & Co Brokerage, Inc. reported $285M in U.S.-listed holdings across 251 positions for Q4 2019.

Its largest position, BRK/B, represents 7.6% of the portfolio.

Compared with Q3 2019, the fund opened 16 new positions and exited 62.

Portfolio Metrics

Turnover
+7.7%
vs prior filed quarter
Top-10 Concentration
+28.4%
share of reported value
Largest Position
+7.6%
Berkshire Hathaway Inc B
New / Exited
16 / 62
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: $263MQ4 ’18Q1 ’19: $352MQ2 ’19: $317MQ3 ’19: $311MQ4 ’19: $285MQ4 ’19Q1 ’20: $265MQ2 ’20: $307MQ3 ’20: $337MQ4 ’20: $381MQ4 ’20Q1 ’21: $410MQ2 ’21: $435MQ3 ’21: $419MQ4 ’21: $365MQ4 ’21Q1 ’22: $336MQ2 ’22: $293MQ3 ’22: $269MQ4 ’22: $296MQ4 ’22Q1 ’23: $321MQ2 ’23: $339MQ3 ’23: $342MQ4 ’23: $360MQ4 ’23Q1 ’24: $407MQ2 ’24: $413MQ3 ’24: $442MQ4 ’24: $410MQ4 ’24Q1 ’25: $423MQ2 ’25: $0Q3 ’25: $0Q4 ’25: $0Q4 ’25Q1 ’26: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 70.9%Other: 7.2%ADR: 7.1%ETP: 5.9%MLP: 5.2%Other: 3.6%
  • Common Stock · 70.9% · $202M
  • Other · 7.2% · $21M
  • ADR · 7.1% · $20M
  • ETP · 5.9% · $17M
  • MLP · 5.2% · $15M
  • Other · 3.6% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TDSTELEPHONE DATA SYS INCNEW+110.2K110.2K+$3M$3M
BACBANK OF AMERICA 7.25NEW+1.2K1.2K+$2M$2M
UTFCOHEN STEERS INFRA FDNEW+23.1K23.1K+$604,000$604,000
DELLDELL TECH INC CL CNEW+10.2K10.2K+$523,000$523,000
NFGNATL FUEL GAS CONEW+8.3K8.3K+$385,000$385,000
ASHASHLAND GLOBAL HOLDINGSNEW+4.1K4.1K+$313,000$313,000
VIGVANGUARD DIV APPREC ETFNEW+2.1K2.1K+$268,000$268,000
CICIGNA CORP NEWNEW+1.3K1.3K+$265,000$265,000

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

Holdings — Q4 2019

250 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC Bhistory →COM7.61%$22M95.6K
2EPDENTERPRISE PRODUCTShistory →COM3.26%$9M329.4K
3KENNEDY-WILSON HOLDINGSCOM2.80%$8M357.5K
4SXTSENSIENT TECHNOLOGIEShistory →COM2.65%$8M114.2K
5KMIKINDER MORGAN INC DELhistory →COM2.48%$7M333.5K
6AWKAMERICAN WATER WORKS COhistory →COM2.43%$7M56.3K
7AQUA AMERICA INCCOM2.02%$6M122.3K
8GOOGALPHABET INC CL Chistory →COM1.88%$5M4.0K
9MKCMC CORMICK CO INChistory →COM1.64%$5M27.5K
10BABAALIBABA GROUP HOLDING LTD ADRhistory →COM1.61%$5M21.6K
11MDTMEDTRONIC PLChistory →COM1.57%$4M39.5K
12DEODIAGEO PLC SPONS ADR NEWhistory →COM1.38%$4M23.3K
13KANSAS CITY SOUTHERNCOM1.36%$4M25.4K
14NVONOVO NORDISK A S ADRhistory →COM1.35%$4M66.3K
15FMCFMC CORP NEWhistory →COM1.34%$4M38.3K
16VTRVENTAS INChistory →COM1.32%$4M65.2K
17TAT T INChistory →COM1.31%$4M95.8K
18PEPPEPSICO INCORPORATEDhistory →COM1.21%$3M25.3K
19AAPLAPPLE INChistory →COM1.21%$3M11.8K
20METAFACEBOOK INC CLASS Ahistory →COM1.20%$3M16.7K
21GMABGENMAB A/S SPON ADRhistory →COM1.18%$3M150.3K
22UNPUNION PACIFIC CORPhistory →COM1.06%$3M16.7K
23CRH PLC ADRCOM1.03%$3M73.0K
24PAGPPLAINS GP HLDGS LPhistory →COM1.02%$3M152.8K
25ENBENBRIDGE INChistory →COM1.01%$3M72.6K
26TDSTELEPHONE DATA SYS INCCOM0.98%$3M110.2K
27LINDE PLCCOM0.98%$3M13.0K
28ILMNILLUMINA INCCOM0.92%$3M7.9K
29NTRNUTRIEN LTDCOM0.92%$3M54.7K
30S W SEED COCOM0.92%$3M1.25M
31INGRINGREDION INCORPORATEDCOM0.91%$3M27.9K
32WMBWILLIAMS COMPANIES INCCOM0.89%$3M107.0K
33HEIHEICO CORP NEWCOM0.87%$2M21.7K
34ALBALBEMARLE CORPCOM0.87%$2M33.8K
35HSICSCHEIN HENRY INCCOM0.84%$2M35.9K
36BMYBRISTOL MYERS SQUIBBCOM0.84%$2M37.2K
37APACHE CORP COMMONCOM0.76%$2M84.7K
38JNJJOHNSON JOHNSONCOM0.76%$2M14.8K
39SRSPIRE INCCOM0.76%$2M25.8K
40REGNREGENERON PHARM INCCOM0.74%$2M5.6K
41ENABLE MIDSTREAM PTNRSCOM0.74%$2M209.0K
42MOSMOSAIC COMPANYCOM0.71%$2M92.8K
43ROYAL DUTCH SHL ADR CL ACOM0.67%$2M32.4K
44VOOVANGUARD INDEX FDS ETFCOM0.67%$2M8.6K
45WFCWELLS FARGO CO 7.5 ACOM0.64%$2M1.3K
46HWKNHAWKINS INCCOM0.63%$2M39.2K
47CPKCHESAPEAKE UTILS CORPCOM0.63%$2M18.7K
48BACBANK OF AMERICA 7.25COM0.59%$2M1.2K
49SPYSPDR S P 500 TRUST ETFCOM0.58%$2M5.1K
50FTSFORTIS INCCOM0.58%$2M39.6K
51SRESEMPRA ENERGYCOM0.55%$2M10.3K
52VZVERIZON COMMUNICATIONSCOM0.55%$2M25.3K
53MONMOUTH REAL EST CL ACOM0.53%$2M104.7K
54QQQINVESCO QQQ TR ETFCOM0.51%$1M6.8K
55BF/BBROWN FORMAN CORP CL BCOM0.50%$1M21.0K
56LIVENT CORPCOM0.50%$1M165.8K
57LAM RESEARCH CORPORATIONCOM0.49%$1M4.8K
58PFEPFIZER INCORPORATEDCOM0.49%$1M35.6K
59WBAWALGREENS BOOTSCOM0.48%$1M23.3K
60MAGELLAN MIDSTREAM PRTNSCOM0.45%$1M20.6K
61THSTREEHOUSE FOODS INCCOM0.45%$1M26.2K
62VLOVALERO ENERGY CORP NEWCOM0.42%$1M12.9K
63FANGDIAMONDBACK ENERGY INCCOM0.42%$1M12.9K
64OFFICE PROPERTIES INC TRCOM0.41%$1M36.6K
65JPMJPMORGAN CHASE COCOM0.41%$1M8.3K
66GISGENL MILLS INCCOM0.41%$1M21.6K
67XYZSQUARE INC ACOM0.41%$1M18.4K
68ZBRAZEBRA TECHNOLOGIES CL ACOM0.39%$1M4.3K
69ETENERGY TRANSFER LPCOM0.38%$1M84.5K
70ARCCARES CAPITAL CORPCOM0.37%$1M56.6K
71FVCFIRST DORSEY WRIGHT ETFCOM0.36%$1M37.5K
72INTCINTEL CORPCOM0.36%$1M17.1K
73PBAPEMBINA PIPELINE CORPCOM0.36%$1M27.5K
74MRKMERCK CO INC NEWCOM0.35%$999,00011.0K
75HXLHEXCEL CORP NEWCOM0.35%$989,00013.5K
76NVSNOVARTIS AGCOM0.35%$985,00010.4K
77MUMICRON TECHNOLOGY INCCOM0.34%$981,00018.2K
78WSOWATSCO INCCOM0.34%$976,0005.4K
79BACBANK OF AMERICA CORPCOM0.34%$960,00027.2K
80IYWISHARES U.S. TECH ETFCOM0.33%$949,0004.1K
81DIASPDR DOW JONES INDL ETFCOM0.32%$925,0003.2K
82PGXINVESCO TR II PFD ETFCOM0.29%$823,00054.8K
83NATUS MEDICAL INCCOM0.29%$821,00024.9K
84MSFTMICROSOFT CORPCOM0.29%$820,0005.2K
85HDHOME DEPOT INCCOM0.28%$808,0003.7K
86CROXCROCS INCCOM0.28%$808,00019.3K
87DISDISNEY WALT COMPANYCOM0.28%$804,0005.6K
88PACWEST BANCORP DELCOM0.28%$796,00020.8K
89WKHSWORKHORSE GRP INCCOM0.26%$735,000241.8K
90VVISA INC CLASS ACOM0.26%$727,0003.9K
91CVSCVS HEALTH CORPCOM0.25%$702,0009.4K
92CSXCSX CORPCOM0.24%$679,0009.4K
93VODVODAFONE GROUP PLC NEWCOM0.24%$677,00035.0K
94HRTXHERON THERAPEUTICS INCCOM0.24%$674,00028.7K
95PAAPLAINS ALL AMERICANCOM0.23%$652,00035.5K
96WABWABTECCOM0.22%$615,0007.9K
97VOOVVANGUARD S P 500 VAL ETFCOM0.21%$606,0004.8K
98SLVI SHARES SILVER TR ETFCOM0.21%$604,00036.2K
99UTFCOHEN STEERS INFRA FDCOM0.21%$604,00023.1K
100FTSMFIRST TR ENHANCED ETFCOM0.21%$601,00010.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$01Apr 9, 202613F-HRchanges · EDGAR ↗
Q4 2025$01Jan 7, 202613F-HRchanges · EDGAR ↗
Q3 2025$01Oct 16, 202513F-HRchanges · EDGAR ↗
Q2 2025$01Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$423M183May 1, 202513F-HRchanges · EDGAR ↗
Q4 2024$410M209Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$442M218Oct 25, 202413F-HRchanges · EDGAR ↗
Q2 2024$413M207Jul 31, 202413F-HRchanges · EDGAR ↗
Q1 2024$407M209Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$360M198Feb 1, 202413F-HRchanges · EDGAR ↗
Q3 2023$342M209Oct 31, 202313F-HRchanges · EDGAR ↗
Q2 2023$339M212Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$321M218May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$296M217Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$269M226Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$293M229Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$336M231May 3, 202213F-HRchanges · EDGAR ↗
Q4 2021$365M276Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$419M306Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$435M313Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$410M301May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$381M284Feb 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$337M274Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$307M247Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$265M235May 5, 202013F-HRchanges · EDGAR ↗
Q4 2019$285M251Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$311M297Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$317M302Aug 1, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019$352M292Apr 23, 201913F-HRchanges · EDGAR ↗
Q4 2018$263M268Feb 7, 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 ↗.