SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$365M
Q4 2021
Positions
276
Filings on Record
30
2019–present window
Filed
Feb 10, 2022
original filing

Summary

Cutter & Co Brokerage, Inc. reported $365M in U.S.-listed holdings across 276 positions for Q4 2021.

Its largest position, BRK/B, represents 11.6% of the portfolio.

Compared with Q3 2021, the fund opened 24 new positions and exited 54.

Portfolio Metrics

Turnover
+12.2%
vs prior filed quarter
Top-10 Concentration
+31.4%
share of reported value
Largest Position
+11.6%
Berkshire Hathaway
New / Exited
24 / 54
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: 77.1%ETP: 7.8%Other: 5.4%ADR: 5.3%MLP: 3.1%Other: 1.4%
  • Common Stock · 77.1% · $281M
  • ETP · 7.8% · $29M
  • Other · 5.4% · $20M
  • ADR · 5.3% · $19M
  • MLP · 3.1% · $11M
  • Other · 1.4% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CANADIAN PACIFIC RAILWAYNEW+14.2K14.2K+$1M$1M
VIACOMCBS INCNEW+16.7K16.7K+$504,000$504,000
EMXCISHARES MSCI EMG ETFNEW+7.8K7.8K+$473,000$473,000
FTXRFIRST TR NASDAQ ETFNEW+11.4K11.4K+$393,000$393,000
LMTLOCKHEED MARTIN CORPNEW+947947+$337,000$337,000
PIIPOLARIS INCNEW+3.0K3.0K+$327,000$327,000
STORE CAPITAL CORPNEW+8.9K8.9K+$306,000$306,000
VMWARE INC CLASS ANEW+2.5K2.5K+$284,000$284,000

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

Holdings — Q4 2021

274 positions (from 276 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC CL BCOM11.64%$42M140.5K
2GOOGALPHABET CL CCOM3.89%$14M4.9K
3AWKAMERICAN WATER WORKS COhistory →COM2.55%$9M49.3K
4EPDENTERPRISE PRODUCTShistory →COM2.50%$9M414.7K
5IFFINTL FLAVORS FRAGRANCEhistory →COM2.36%$9M57.1K
6AAPLAPPLE INChistory →COM2.03%$7M41.8K
7HEIHEICO CORPhistory →COM1.81%$7M45.9K
8SXTSENSIENT TECHNOLOGIEShistory →COM1.57%$6M57.3K
9BCPCBALCHEM CORPhistory →COM1.55%$6M33.5K
10REGNREGENERON PHARM INChistory →COM1.54%$6M8.9K
11METAMETA PLATFORMShistory →COM1.45%$5M15.8K
12WTRGESSENTIAL UTILS INChistory →COM1.44%$5M98.1K
13NVONOVO NORDISK A S ADRhistory →COM1.42%$5M46.3K
14MPMP MATERIALS CORP FVAChistory →COM1.42%$5M113.9K
15GMABGENMAB AS ADRhistory →COM1.30%$5M119.5K
16DEODIAGEO PLC SPONS ADR NEWhistory →COM1.25%$5M20.7K
17MKCMC CORMICK CO INChistory →COM1.22%$4M45.9K
18LINDE AGCOM1.15%$4M12.1K
19MDTMEDTRONIC INChistory →COM1.13%$4M39.8K
20INGRINGREDION INChistory →COM1.11%$4M41.9K
21PEPPEPSICO INChistory →COM1.01%$4M21.3K
22KMIKINDER MORGAN INChistory →COM1.01%$4M232.5K
23UNPUNION PACIFIC CORPhistory →COM1.00%$4M14.5K
24NOCNORTHROP GRUMMAN CORPCOM0.94%$3M8.9K
25ILMNILLUMINA INCCOM0.94%$3M9.0K
26ZBRAZEBRA TECHNOLOGIES CL ACOM0.94%$3M5.7K
27LAM RESEARCH CORP COMCOM0.94%$3M4.8K
28BMYBRISTOL MYERS SQUIBBCOM0.93%$3M54.6K
29JOEST JOE COMPANYCOM0.92%$3M64.6K
30TDSTELEPHONE DATA SYS INCCOM0.89%$3M160.6K
31CYXTERA TECHCOM0.86%$3M249.5K
32SWXSOUTHWEST GASCOM0.84%$3M43.8K
33CVXCHEVRON CORPORATIONCOM0.84%$3M26.0K
34MSFTMICROSOFT CORPCOM0.81%$3M8.8K
35VOOVANGUARD INDX S P500 ETFCOM0.80%$3M6.7K
36S W SEED COCOM0.80%$3M1.06M
37RGCORGC RESOURCES INCCOM0.77%$3M122.5K
38VRTXVERTEX PHARM INCCOM0.75%$3M12.4K
39BJBJ S WHOLESALE CLUBCOM0.69%$3M37.9K
40MRCYMERCURY SYSTEMS INCCOM0.69%$3M45.7K
41WMBWILLIAMS COMPANIES INCCOM0.68%$2M95.7K
42LHXL3HARRIS TECHNOLOGIESCOM0.65%$2M11.1K
43LIBERTY MEDIA UTSCOM0.64%$2M219.6K
44AMARIN CORPCOM0.63%$2M679.1K
45DISCOVERY INC ACOM0.58%$2M90.1K
46TATT INCCOM0.58%$2M85.9K
47QQQINVESCO QQQ TR ETFCOM0.58%$2M5.3K
48FMCFMC CORP NEWCOM0.57%$2M19.0K
49SPYSPDR S P 500 TRUST ETFCOM0.55%$2M4.3K
50ESIELEMENT SOLUTIONS INCCOM0.55%$2M83.0K
51WWDWOODWARD INCCOM0.54%$2M18.1K
52REMARK HOLDINGS INCCOM0.53%$2M1.94M
53VGTVANGUARD INFO TECH ETFCOM0.48%$2M3.9K
54WSOWATSCO INCCOM0.48%$2M5.5K
55CVSCVS HEALTH CORPCOM0.45%$2M15.9K
56NFGNATIONAL FUEL GASCOM0.44%$2M25.3K
57VZVERIZON COMMUNICATIONSCOM0.44%$2M30.6K
58PIERIS PHARMACOM0.41%$1M394.8K
59SLVI SHARES SILVER TR ETFCOM0.40%$1M68.6K
60HDHOME DEPOT INCCOM0.40%$1M3.5K
61BF/BBROWN FORMAN CORP CL BCOM0.40%$1M19.8K
62ELANELANCO ANIMAL HEALTHCOM0.39%$1M50.7K
63AMZNAMAZON COM INCCOM0.39%$1M431
64JPMJPMORGAN CHASE COCOM0.38%$1M8.8K
65ARCCARES CAPITAL CORPCOM0.38%$1M65.0K
66IYWISHARES US TECH ETFCOM0.37%$1M11.7K
67AVGOBROADCOM INCCOM0.37%$1M2.0K
68ABBVABBVIE INCCOM0.36%$1M9.7K
69CIBRFIRST NASDAQ CYBERSC ETFCOM0.36%$1M24.6K
70ROYAL DUTCH SHL ADR CL ACOM0.35%$1M29.6K
71BACBANK OF AMERICA CORPCOM0.34%$1M27.6K
72VAWVANGUARD MATERIALS ETFCOM0.33%$1M6.0K
73DIASPDR DOW JONES INDL ETFCOM0.33%$1M3.3K
74BNTXBIONTECH SE UNSPON ADRCOM0.32%$1M4.6K
75VDEVANGUARD ENERGY ETFCOM0.32%$1M14.9K
76NVDANVIDIA CORPCOM0.31%$1M3.9K
77XYZBLOCK INC CL ACOM0.30%$1M6.8K
78SPGIS P GLOBAL INCCOM0.30%$1M2.3K
79PAGPPLAINS GP HLDGS LPCOM0.30%$1M92.2K
80BUNGE LTDCOM0.29%$1M11.4K
81FIWFIRST TRUST WATER ETFCOM0.29%$1M11.0K
82SRSPIRE INCCOM0.29%$1M16.0K
83IQVIQVIA HLDGS INCCOM0.28%$1M3.7K
84NVSNOVARTIS AGCOM0.28%$1M11.7K
85CANADIAN PACIFIC RAILWAYCOM0.28%$1M14.2K
86MAGELLAN MIDSTREAM PRTNSCOM0.28%$1M21.9K
87GDXVANECK GOLD MINERS ETFCOM0.27%$983,00030.7K
88TIPISHARES TIP BOND ETFCOM0.26%$947,0007.3K
89FFORD MOTOR COMPANYCOM0.26%$940,00045.2K
90SCHGSCHWAB US LARGE CAP ETFCOM0.25%$907,0005.5K
91CSXCSX CORPCOM0.25%$906,00024.1K
92NEENEXTERA ENERGY INCCOM0.25%$901,0009.7K
93INTCINTEL CORPCOM0.24%$868,00016.9K
94VVISA INC CLASS ACOM0.24%$868,0004.0K
95JNJJOHNSON JOHNSONCOM0.22%$799,0004.7K
96MCDMCDONALDS CORPCOM0.22%$792,0003.0K
97HIIHUNTINGTON INGALLSCOM0.21%$784,0004.2K
98INCYINCYTE CORPCOM0.21%$775,00010.6K
99ETENERGY TRANSFER LPCOM0.21%$773,00093.9K
100PFEPFIZER INCCOM0.21%$769,00013.0K

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 ↗.