SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$307M
Q2 2020
Positions
247
Filings on Record
31
2019–present window
Filed
Aug 10, 2020
original filing

Summary

Cutter & Co Brokerage, Inc. reported $307M in U.S.-listed holdings across 247 positions for Q2 2020.

Its largest position, BRK/B, represents 8.2% of the portfolio.

Compared with Q1 2020, the fund opened 55 new positions and exited 43.

Portfolio Metrics

Turnover
+11.3%
vs prior filed quarter
Top-10 Concentration
+29.4%
share of reported value
Largest Position
+8.2%
Berkshire Hathaway Inc B
New / Exited
55 / 43
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: 59.5%Other: 19.1%ADR: 10.3%ETP: 4.1%MLP: 3.4%Other: 3.5%
  • Common Stock · 59.5% · $183M
  • Other · 19.1% · $59M
  • ADR · 10.3% · $32M
  • ETP · 4.1% · $13M
  • MLP · 3.4% · $10M
  • Other · 3.5% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HEINEKEN HLDGS NVNEW+52.0K52.0K+$4M$4M
HEIDELBERG CEMENTNEW+271.4K271.4K+$3M$3M
JOEST JOE COMPANYNEW+60.3K60.3K+$1M$1M
BNTXBIONTECH SE UNSPON ADRNEW+13.4K13.4K+$896,000$896,000
BACBANK OF AMERICA CORPNEW+29.3K29.3K+$695,000$695,000
CROXCROCS INCNEW+16.8K16.8K+$619,000$619,000
COMMERCE BANCSHARES PFDNEW+22.9K22.9K+$581,000$581,000
GALTGALECTIN THERAPEUTICS INCNEW+184.7K184.7K+$565,000$565,000

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

Holdings — Q2 2020

247 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC Bhistory →COM8.18%$25M140.7K
2SXTSENSIENT TECHNOLOGIEShistory →COM3.46%$11M203.7K
3SYMRISE AGCOM3.04%$9M80.7K
4GVDNYGIVAUDAN SAhistory →COM2.95%$9M120.7K
5EPDENTERPRISE PRODUCTShistory →COM2.40%$7M405.9K
6GOOGALPHABET CL Chistory →COM2.22%$7M4.8K
7AWKAMERICAN WATER WORKS COhistory →COM2.17%$7M51.9K
8CHGCYCHUGAI PHARMACEUTICAL COhistory →COM1.77%$5M16.6K
9HEIHEICO CORPhistory →COM1.63%$5M50.3K
10LAFARGEHOLCIM LTDCOM1.58%$5M111.8K
11CHR HANSEN HLDCOM1.54%$5M183.4K
12KMIKINDER MORGAN INChistory →COM1.53%$5M310.2K
13MKCMCCORMICK CO INChistory →COM1.51%$5M25.8K
14GMABGENMAB A S ADRhistory →COM1.46%$4M132.3K
15WTRGESSENTIAL UTILS INChistory →COM1.44%$4M104.4K
16HEINEKEN HLDGS NVCOM1.38%$4M52.0K
17AAPLAPPLE INChistory →COM1.37%$4M11.5K
18KENNEDY-WILSON HOLDINGSCOM1.34%$4M269.5K
19METAFACEBOOK INC CLASS Ahistory →COM1.20%$4M16.2K
20KONINKLIJKE DSM NV ADRCOM1.17%$4M104.3K
21MONMOUTH REAL EST CL ACOM1.17%$4M248.4K
22REGNREGENERON PHARM INChistory →COM1.16%$4M5.7K
23MDTMEDTRONIC INChistory →COM1.15%$4M38.4K
24KANSAS CITY SOUTHERNCOM1.11%$3M22.9K
25NVONOVO NORDISK A S ADRhistory →COM1.07%$3M50.3K
26FMCFMC CORP NEWhistory →COM1.07%$3M33.0K
27BMYBRISTOL MYERS SQUIBBhistory →COM1.01%$3M52.6K
28DEODIAGEO PLC SPONS ADR NEWCOM0.99%$3M22.5K
29PEPPEPSICO INCCOM0.98%$3M22.8K
30TDSTELEPHONE DATA SYS INCCOM0.96%$3M148.8K
31GROUPE BRUXELLES LAMBERTCOM0.96%$3M35.0K
32BCPCBALCHEM CORPCOM0.96%$3M31.0K
33TAT T INCCOM0.94%$3M95.9K
34ILMNILLUMINA INCCOM0.94%$3M7.8K
35HEIDELBERG CEMENTCOM0.94%$3M271.4K
36S W SEED COMPANYCOM0.89%$3M1.19M
37BOLLORE INVESTISSEMENTCOM0.87%$3M846.9K
38WKHSWORKHORSE GRP INCCOM0.85%$3M149.8K
39UNPUNION PACIFIC CORPCOM0.85%$3M15.4K
40LINDE AGCOM0.85%$3M12.2K
41ALBALBEMARLE CORPCOM0.82%$3M32.5K
42REMARK HOLDINGS INCCOM0.75%$2M977.0K
43VTRVENTAS INCCOM0.75%$2M62.8K
44INGRINGREDION INCCOM0.73%$2M27.0K
45WMBWILLIAMS COMPANIES INCCOM0.69%$2M111.8K
46PROBI ABCOM0.67%$2M67.0K
47ATGFFALTAGAS INCOME LTDCOM0.66%$2M177.3K
48ZBRAZEBRA TECHNOLOGIES CL ACOM0.66%$2M8.0K
49CRODA INTERNATIONAL PLCCOM0.63%$2M29.7K
50TRANS ALTA RENEWABLESCOM0.61%$2M174.8K
51NTRNUTRIEN LTDCOM0.59%$2M56.7K
52LAM RESEARCH CORPORATIONCOM0.51%$2M4.8K
53WWDWOODWARD INCCOM0.51%$2M20.2K
54MSFTMICROSOFT CORPCOM0.49%$2M7.5K
55HWKNHAWKINS INCCOM0.48%$1M34.7K
56VZVERIZON COMMUNICATIONSCOM0.48%$1M26.5K
57IMCD GRP NVCOM0.47%$1M15.4K
58CORNING NATURAL GASCOM0.47%$1M87.2K
59PAGPPLAINS GP HLDGS LPCOM0.45%$1M155.8K
60SPYSPDR S P 500 TRUST ETFCOM0.44%$1M4.4K
61BF/BBROWN FORMAN CORP CL BCOM0.42%$1M20.2K
62BABAALIBABA GRP HOLDING ADRCOM0.40%$1M5.7K
63QQQINVESCO QQQ TR ETFCOM0.38%$1M4.7K
64JOEST JOE COMPANYCOM0.38%$1M60.3K
65MOSMOSAIC CO NEW COMCOM0.37%$1M91.9K
66KERRY GROUP PLCCOM0.37%$1M9.2K
67THSTREEHOUSE FOODS INCCOM0.37%$1M26.0K
68ROYAL DUTCH SHELL PLC SPONS ADR ACOM0.37%$1M34.4K
69LANXESS AGCOM0.36%$1M21.1K
70VOOVANGUARD INDEX FDS ETFCOM0.35%$1M3.8K
71OFFICE PROPERTIES INC TRCOM0.35%$1M40.8K
72FFXDFFAIRFAX INDIA HLDGS CORPCOM0.34%$1M126.1K
73INTCINTEL CORPCOM0.34%$1M17.4K
74ARCCARES CAPITAL CORPCOM0.33%$1M70.2K
75ENABLE MIDSTREAM PTNRSCOM0.32%$996,000212.8K
76XYZSQUARE INC ACOM0.31%$960,0009.2K
77CCGGYC C GROUP PLCCOM0.31%$947,000113.7K
78WSOWATSCO INCCOM0.31%$945,0005.3K
79HDHOME DEPOT INCCOM0.30%$933,0003.7K
80AVGOBROADCOM INCCOM0.30%$915,0002.9K
81WBAWALGREENS BOOTS ALLIANCE INCCOM0.30%$912,00021.5K
82MAGELLAN MIDSTREAM PRTNSCOM0.30%$910,00021.1K
83JPMJPMORGAN CHASE COCOM0.30%$908,0009.7K
84BNTXBIONTECH SE UNSPON ADRCOM0.29%$896,00013.4K
85VVISA INC CLASS ACOM0.28%$871,0004.5K
86NVSNOVARTIS AGCOM0.28%$858,0009.8K
87IYWISHARES US TECH ETFCOM0.28%$850,0003.1K
88DIASPDR DOW JONES INDL ETFCOM0.26%$808,0003.1K
89VLOVALERO ENERGY CORP NEWCOM0.25%$778,00013.2K
90MRKMERCK CO INCCOM0.25%$767,0009.9K
91CVSCVS HEALTH CORPCOM0.25%$766,00011.8K
92HXLHEXCEL CORPCOM0.24%$722,00016.0K
93LIVENT CORPCOM0.23%$718,000116.6K
94BACBANK OF AMERICA CORPCOM0.23%$695,00029.3K
95AMZNAMAZON COM INCCOM0.23%$695,000252
96TMRAYTOMRA SYS ADRCOM0.23%$694,00018.8K
97CSXCSX CORPCOM0.21%$658,0009.4K
98VIRNETX HOLDING CORPCOM0.21%$640,00098.4K
99SPGIS P GLOBAL INCCOM0.21%$634,0001.9K
100PGXINVESCO TR II PFD ETFCOM0.20%$625,00044.3K

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 ↗.