SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$265M
Q1 2020
Positions
235
Filings on Record
31
2019–present window
Filed
May 5, 2020
original filing

Summary

Cutter & Co Brokerage, Inc. reported $265M in U.S.-listed holdings across 235 positions for Q1 2020.

Its largest position, BRK/B, represents 7.7% of the portfolio.

Compared with Q4 2019, the fund opened 56 new positions and exited 72.

Portfolio Metrics

Turnover
+29.2%
vs prior filed quarter
Top-10 Concentration
+28.3%
share of reported value
Largest Position
+7.7%
Berkshire Hathaway Inc B
New / Exited
56 / 72
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: 60.0%Other: 16.9%ADR: 11.0%ETP: 4.4%REIT: 3.4%Other: 4.2%
  • Common Stock · 60.0% · $159M
  • Other · 16.9% · $45M
  • ADR · 11.0% · $29M
  • ETP · 4.4% · $12M
  • REIT · 3.4% · $9M
  • Other · 4.2% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SYMRISE AGNEW+81.8K81.8K+$8M$8M
GVDNYGIVAUDAN SANEW+122.3K122.3K+$7M$7M
WTRGESSENTIAL UTILS INCNEW+106.9K106.9K+$4M$4M
SWXSOUTHWEST GAS HLDGS INCNEW+61.3K61.3K+$4M$4M
CHGCYCHUGAI PHARMACEUTICAL CONEW+17.3K17.3K+$4M$4M
LAFARGEHOLCIM LTDNEW+102.1K102.1K+$4M$4M
CHR HANSEN HLDNEW+192.4K192.4K+$4M$4M
KONINKLIJKE DSM NV ADRNEW+106.1K106.1K+$3M$3M

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

Holdings — Q1 2020

234 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC Bhistory →COM7.68%$20M111.4K
2SYMRISE AGCOM2.92%$8M81.8K
3GVDNYGIVAUDAN SAhistory →COM2.81%$7M122.3K
4SXTSENSIENT TECHNOLOGIEShistory →COM2.79%$7M170.3K
5AWKAMERICAN WATER WORKS COhistory →COM2.43%$6M53.9K
6EPDENTERPRISE PRODUCTShistory →COM2.18%$6M403.9K
7GOOGALPHABET CL Chistory →COM2.08%$6M4.7K
8VTRVENTAS INChistory →COM2.05%$5M127.8K
9KMIKINDER MORGAN INChistory →COM1.68%$4M320.1K
10WTRGESSENTIAL UTILS INChistory →COM1.64%$4M106.9K
11SWXSOUTHWEST GAS HLDGS INChistory →COM1.61%$4M61.3K
12WMBWILLIAMS COMPANIES INChistory →COM1.50%$4M212.9K
13CHGCYCHUGAI PHARMACEUTICAL COhistory →COM1.49%$4M17.3K
14HEIHEICO CORPhistory →COM1.47%$4M52.2K
15KENNEDY-WILSON HOLDINGSCOM1.45%$4M286.3K
16LAFARGEHOLCIM LTDCOM1.42%$4M102.1K
17MKCMC CORMICK CO INChistory →COM1.42%$4M26.7K
18CHR HANSEN HLDCOM1.35%$4M192.4K
19MDTMEDTRONIC INChistory →COM1.35%$4M39.6K
20NVONOVO NORDISK A S ADRhistory →COM1.28%$3M56.4K
21GMABGENMAB A/S ADRhistory →COM1.16%$3M145.6K
22KANSAS CITY SOUTHERNCOM1.15%$3M24.0K
23MONMOUTH REAL EST CL ACOM1.13%$3M249.0K
24KONINKLIJKE DSM NV ADRCOM1.13%$3M106.1K
25AAPLAPPLE INChistory →COM1.12%$3M11.7K
26PEPPEPSICO INChistory →COM1.11%$3M24.4K
27DEODIAGEO PLC SPONS ADR NEWhistory →COM1.08%$3M22.6K
28FMCFMC CORP NEWhistory →COM1.08%$3M35.0K
29REGNREGENERON PHARM INChistory →COM1.07%$3M5.8K
30METAFACEBOOK INC CLASS Ahistory →COM1.05%$3M16.7K
31TAT T INChistory →COM1.04%$3M94.8K
32BMYBRISTOL MYERS SQUIBBhistory →COM1.02%$3M48.7K
33GROUPE BRUXELLES LAMBERTCOM1.01%$3M34.4K
34TRANS ALTA RENEWABLESCOM0.95%$3M241.9K
35S W SEED COCOM0.95%$3M1.22M
36BCPCBALCHEM CORPCOM0.92%$2M24.7K
37LINDE AGCOM0.86%$2M13.2K
38UNPUNION PACIFIC CORPCOM0.85%$2M16.0K
39TDSTELEPHONE DATA SYS INCCOM0.84%$2M133.4K
40ZBRAZEBRA TECHNOLOGIES CL ACOM0.82%$2M10.8K
41ILMNILLUMINA INCCOM0.81%$2M7.9K
42INGRINGREDION INCCOM0.78%$2M27.4K
43NTRNUTRIEN LTDCOM0.75%$2M58.8K
44VZVERIZON COMMUNICATIONSCOM0.72%$2M34.7K
45CRH PLCCOM0.72%$2M71.2K
46WBAWALGREENS BOOTSCOM0.72%$2M37.1K
47ALBALBEMARLE CORPCOM0.71%$2M33.4K
48BOLLORE INVESTISSEMENTCOM0.70%$2M705.5K
49CSNVYCORBION NV ADRCOM0.66%$2M60.5K
50WSOWATSCO INCCOM0.64%$2M10.1K
51HSICSCHEIN HENRY INCCOM0.64%$2M33.8K
52VOOVANGUARD INDEX FDS ETFCOM0.60%$2M9.1K
53CRODA INTERNATIONAL PLCCOM0.60%$2M31.3K
54REGIONS FIN 6.375 A PFDCOM0.49%$1M54.5K
55ATGFFALTAGAS INCOME LTDCOM0.48%$1M140.1K
56CORNING NATURAL GASCOM0.48%$1M81.4K
57BABAALIBABA GROUP HOLDING LTD ADRCOM0.47%$1M6.5K
58ROYAL DUTCH SHELL PLC SPONS ADR ACOM0.46%$1M34.8K
59WKHSWORKHORSE GRP INCCOM0.44%$1M485.6K
60THSTREEHOUSE FOODS INCCOM0.44%$1M26.2K
61BF/BBROWN FORMAN CORP CL BCOM0.44%$1M20.9K
62OFFICE PROPERTIES INC TRCOM0.44%$1M42.4K
63IMCD GRP NVCOM0.44%$1M16.1K
64LAM RESEARCH CORPORATIONCOM0.43%$1M4.8K
65KERRY GROUP PLC FCOM0.43%$1M10.2K
66PROBI ABCOM0.43%$1M69.6K
67SPYSPDR S P 500 TRUST ETFCOM0.41%$1M4.2K
68VVISA INC CLASS ACOM0.41%$1M6.4K
69HWKNHAWKINS INCCOM0.40%$1M30.2K
70MOSMOSAIC CO NEW COMCOM0.39%$1M95.4K
71MSFTMICROSOFT CORPCOM0.39%$1M6.5K
72CPKCHESAPEAKE UTILS CORPCOM0.36%$968,00011.3K
73WABWABTECCOM0.36%$946,00014.8K
74VIRNETX HOLDING CORPCOM0.35%$933,000202.6K
75FANUYFANUC CORPCOM0.34%$913,00069.1K
76LANXESS AGCOM0.34%$890,00022.4K
77FFXDFFAIRFAX INDIA HLDGS CORPCOM0.33%$885,000134.8K
78PAGPPLAINS GP HLDGS LPCOM0.32%$848,000151.1K
79NVSNOVARTIS AGCOM0.31%$822,00010.0K
80FVCFIRST DORSEY WRIGHT ETFCOM0.31%$821,00036.5K
81LIVENT CORPCOM0.30%$785,000149.5K
82CCGGYC C GROUP PLC SPONS ADRCOM0.29%$764,000111.0K
83MAGELLAN MIDSTREAM PRTNSCOM0.29%$764,00020.9K
84JPMJPMORGAN CHASE COCOM0.28%$740,0008.2K
85QQQINVESCO QQQ TR ETFCOM0.26%$700,0003.7K
86PGXINVESCO TR II PFD ETFCOM0.26%$699,00053.1K
87DIASPDR DOW JONES INDL ETFCOM0.26%$685,0003.1K
88ARCCARES CAPITAL CORPCOM0.25%$671,00062.2K
89HDHOME DEPOT INCCOM0.25%$666,0003.6K
90CVSCVS HEALTH CORPCOM0.25%$661,00011.1K
91AVGOBROADCOM INCCOM0.25%$659,0002.8K
92VODVODAFONE GROUP PLC NEWCOM0.24%$640,00033.1K
93FTSMFIRST TR ENHANCED ETFCOM0.24%$630,00010.7K
94VLOVALERO ENERGY CORP NEWCOM0.24%$624,00013.8K
95MRKMERCK CO INC NEWCOM0.23%$621,0008.1K
96HXLHEXCEL CORPCOM0.22%$588,00015.8K
97TMRAYTOMRA SYS ADRCOM0.22%$579,00020.4K
98WWDWOODWARD INCCOM0.22%$575,0009.7K
99DISDISNEY WALT COMPANYCOM0.21%$556,0005.8K
100YUMCYUM CHINA HOLDINGSCOM0.21%$552,00011.5K

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 ↗.