SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$337M
Q3 2020
Positions
274
Filings on Record
30
Filed
Nov 5, 2020
original filing

Summary

Cutter & Co Brokerage, Inc. reported $337M in U.S.-listed holdings across 274 positions for Q3 2020.

Its largest position, BRK/B, represents 9.4% of the portfolio.

Compared with Q2 2020, the fund opened 41 new positions and exited 14.

Portfolio Metrics

Turnover
+6.2%
vs prior filed quarter
Top-10 Concentration
+29.6%
share of reported value
Largest Position
+9.4%
Berkshire Hathaway Inc B
New / Exited
41 / 14
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
Q1 ’19: $352MQ1 ’19Q2 ’19: $317MQ3 ’19: $311MQ4 ’19: $285MQ1 ’20: $265MQ1 ’20Q2 ’20: $307MQ3 ’20: $337MQ4 ’20: $381MQ1 ’21: $410MQ1 ’21Q2 ’21: $435MQ3 ’21: $419MQ4 ’21: $365MQ1 ’22: $336MQ1 ’22Q2 ’22: $293MQ3 ’22: $269MQ4 ’22: $296MQ1 ’23: $321MQ1 ’23Q2 ’23: $339MQ3 ’23: $342MQ4 ’23: $360MQ1 ’24: $407MQ1 ’24Q2 ’24: $413MQ3 ’24: $442MQ4 ’24: $410MQ1 ’25: $423MQ1 ’25Q2 ’25: $0Q3 ’25: $0Q4 ’25: $0Q1 ’26: $0Q1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 60.5%Other: 19.8%ADR: 10.3%ETP: 4.3%MLP: 2.6%Other: 2.6%
  • Common Stock · 60.5% · $204M
  • Other · 19.8% · $67M
  • ADR · 10.3% · $35M
  • ETP · 4.3% · $14M
  • MLP · 2.6% · $9M
  • Other · 2.6% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IFFINTL FLAVOR FRAGRANCENEW+29.1K29.1K+$4M$4M
CSNVYCORBION NVNEW+60.2K60.2K+$3M$3M
FORTRESS VALUE ACQ CL ANEW+172.1K172.1K+$2M$2M
DIAMONDPEAK HLDGS CL ANEW+58.9K58.9K+$2M$2M
ESIELEMENT SOLUTIONS INCNEW+117.1K117.1K+$1M$1M
SWXSOUTHWEST GASNEW+16.1K16.1K+$1M$1M
LDOSLEIDOS HOLDINGS INCNEW+10.2K10.2K+$909,000$909,000
TRINE ACQUISITIONNEW+80.2K80.2K+$866,000$866,000

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

Holdings — Q3 2020

273 positions (from 274 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC Bhistory →COM9.36%$32M148.3K
2SYMRISE AGCOM3.23%$11M78.3K
3SXTSENSIENT TECHNOLOGIEShistory →COM3.16%$11M184.6K
4GVDNYGIVAUDAN SAhistory →COM3.00%$10M117.5K
5AWKAMERICAN WATER WORKS CO INChistory →COM2.21%$7M51.5K
6GOOGALPHABET INC CL CCOM2.12%$7M4.9K
7EPDENTERPRISE PRODUCTShistory →COM1.87%$6M400.6K
8AAPLAPPLE INChistory →COM1.68%$6M48.9K
9HEIHEICO CORPhistory →COM1.52%$5M49.1K
10LAFARGEHOLCIM LTDCOM1.47%$5M108.8K
11CHR HANSEN HLDCOM1.44%$5M175.2K
12MKCMCCORMICK CO INChistory →COM1.43%$5M24.8K
13GMABGENMAB A S ADRhistory →COM1.36%$5M125.7K
14CHGCYCHUGAI PHARMACEUTICAL COhistory →COM1.27%$4M192.0K
15METAFACEBOOK INC CL Ahistory →COM1.27%$4M16.4K
16KONINKLIJKE DSM NVCOM1.26%$4M102.8K
17WTRGESSENTIAL UTILS INChistory →COM1.22%$4M102.3K
18HEINEKEN HLDGS NVCOM1.19%$4M51.5K
19MDTMEDTRONIC INChistory →COM1.12%$4M36.4K
20KMIKINDER MORGAN INChistory →COM1.09%$4M299.4K
21IFFINTL FLAVOR FRAGRANCEhistory →COM1.06%$4M29.1K
22NVONOVO NORDISK A S ADRhistory →COM1.01%$3M49.0K
23MONMOUTH REAL EST CL ACOM1.00%$3M243.1K
24KENNEDY WILSON HOLDINGSCOM0.99%$3M230.5K
25FMCFMC CORP NEWCOM0.99%$3M31.6K
26INGRINGREDION INCCOM0.98%$3M43.6K
27REGNREGENERON PHARM INCCOM0.94%$3M5.7K
28BMYBRISTOL MYERS SQUIBBCOM0.93%$3M51.9K
29HEIDELBERG CEMENTCOM0.93%$3M255.5K
30GROUPE BRUXELLES LAMBERTCOM0.92%$3M35.7K
31PEPPEPSICO INCCOM0.91%$3M22.2K
32DEODIAGEO PLC SPONS ADR NEWCOM0.89%$3M21.9K
33TAT T INCCOM0.89%$3M105.7K
34BOLLORE INVESTISSEMENTCOM0.89%$3M797.2K
35UNPUNION PACIFIC CORPCOM0.89%$3M15.2K
36BCPCBALCHEM CORPORATIONCOM0.88%$3M30.4K
37LINDE AGCOM0.84%$3M11.9K
38S W SEED COCOM0.83%$3M1.13M
39ALBALBEMARLE CORPCOM0.83%$3M31.3K
40CSNVYCORBION NVCOM0.82%$3M60.2K
41ILMNILLUMINA INCCOM0.81%$3M8.9K
42TDSTELEPHONE DATA SYS INCCOM0.79%$3M145.3K
43KANSAS CITY SOUTHERNCOM0.75%$3M14.1K
44PROBI ABCOM0.75%$3M64.6K
45WKHSWORKHORSE GRP INCCOM0.73%$2M96.8K
46FORTRESS VALUE ACQ CL ACOM0.69%$2M172.1K
47CRODA INTERNATIONAL PLCCOM0.69%$2M28.9K
48NTRNUTRIEN LTDCOM0.64%$2M55.4K
49ATGFFALTAGAS INC LTDCOM0.63%$2M176.8K
50WMBWILLIAMS COMPANIES INCCOM0.61%$2M105.4K
51ZBRAZEBRA TECHNOLOGIES CL ACOM0.58%$2M7.7K
52REMARK HOLDINGS INCCOM0.58%$2M1.66M
53IMCD GRP NVCOM0.54%$2M15.2K
54TRANS ALTA RENEWABLESCOM0.53%$2M142.6K
55MSFTMICROSOFT CORPCOM0.51%$2M8.2K
56BABAALIBABA GRP HOLDING ADRCOM0.51%$2M5.8K
57THSTREEHOUSE FOODS INCCOM0.50%$2M42.0K
58LAM RESEARCH CORPCOM0.49%$2M5.0K
59WWDWOODWARD INCCOM0.46%$2M19.5K
60VZVERIZON COMMUNICATIONSCOM0.46%$2M26.2K
61JOEST. JOE COMPANYCOM0.45%$2M73.5K
62DIAMONDPEAK HLDGS CL ACOM0.45%$2M58.9K
63BF/BBROWN FORMAN CORP CL BCOM0.45%$2M20.0K
64AVGOBROADCOM INCCOM0.44%$1M4.1K
65SPYSPDR S P 500 TRUST ETFCOM0.44%$1M4.4K
66SLVI SHARES SILVER TR ETFCOM0.44%$1M68.0K
67XYZSQUARE INC CL ACOM0.43%$1M8.9K
68VTRVENTAS INCCOM0.42%$1M33.8K
69CORNING NATURAL GASCOM0.40%$1M84.6K
70QQQINVESCO QQQ TR ETFCOM0.39%$1M4.8K
71KERRY GROUP PLCCOM0.37%$1M10.2K
72ESIELEMENT SOLUTIONS INCCOM0.36%$1M117.1K
73BUNGE LIMITEDCOM0.36%$1M26.7K
74LANXESS AGCOM0.35%$1M20.6K
75VOOVANGUARD INDEX FDS ETFCOM0.35%$1M3.8K
76WSOWATSCO INCCOM0.34%$1M5.3K
77AMZNAMAZON COM INCCOM0.32%$1M341
78SWXSOUTHWEST GASCOM0.30%$1M16.1K
79ARCCARES CAPITAL CORPCOM0.30%$1M72.3K
80HDHOME DEPOT INCCOM0.30%$998,0003.6K
81IYWISHARES U.S. TECH ETFCOM0.28%$945,0003.1K
82INTCINTEL CORPCOM0.28%$935,00018.0K
83WBAWALGREENS BOOTSCOM0.28%$928,00025.8K
84LDOSLEIDOS HOLDINGS INCCOM0.27%$909,00010.2K
85DIASPDR DOW JONES INDL ETFCOM0.27%$902,0003.3K
86VVISA INC CLASS ACOM0.26%$881,0004.4K
87ROYAL DUTCH SHELL PLC SPONS ADR ACOM0.26%$878,00034.9K
88TRINE ACQUISITIONCOM0.26%$866,00080.2K
89JPMJPMORGAN CHASE COCOM0.25%$855,0008.9K
90PAGPPLAINS GP HLDGS LPCOM0.25%$845,000138.7K
91OFFICE PROPERTIES INC TRCOM0.24%$816,00039.4K
92SPGIS P GLOBAL INCCOM0.24%$810,0002.2K
93NVSNOVARTIS AGCOM0.23%$792,0009.1K
94MRKMERCK CO INCCOM0.23%$791,0009.5K
95ENABLE MIDSTREAM PTNRSCOM0.23%$783,000189.1K
96CCGGYC C GROUP PLC SPONS ADRCOM0.23%$762,000105.6K
97MAGELLAN MIDSTREAM PRTNSCOM0.22%$733,00021.4K
98JNJJOHNSON JOHNSONCOM0.21%$725,0004.9K
99DELLDELL TECH INC CL CCOM0.21%$718,00010.6K
100CSXCSX CORPCOM0.21%$699,0009.0K

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 ↗

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 ↗.