SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$296M
Q4 2022
Positions
217
Filings on Record
31
2019–present window
Filed
Feb 3, 2023
original filing

Summary

Cutter & Co Brokerage, Inc. reported $296M in U.S.-listed holdings across 217 positions for Q4 2022.

Its largest position, BRK/B, represents 15.2% of the portfolio.

Compared with Q3 2022, the fund opened 15 new positions and exited 24.

Portfolio Metrics

Turnover
+6.0%
vs prior filed quarter
Top-10 Concentration
+41.5%
share of reported value
Largest Position
+15.2%
Berkshire Hathaway
New / Exited
15 / 24
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: 72.2%ETP: 8.5%ADR: 8.0%MLP: 5.6%Other: 4.4%Other: 1.3%
  • Common Stock · 72.2% · $214M
  • ETP · 8.5% · $25M
  • ADR · 8.0% · $24M
  • MLP · 5.6% · $17M
  • Other · 4.4% · $13M
  • Other · 1.3% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WFCWELLS FARGO CO NEWNEW+14.4K14.4K+$592,700$592,700
EXMOCEXXON MOBIL CORPNEW+3.9K3.9K+$427,907$427,907
MARKREMARK HOLDINGS INCNEW+312.4K312.4K+$343,620$343,620
SWXSOUTHWEST GAS HLDGS INCNEW+5.0K5.0K+$306,306$306,306
XLEENERGY SECTOR SPDR ETFNEW+3.5K3.5K+$303,816$303,816
GILDGILEAD SCIENCES INCNEW+3.4K3.4K+$292,342$292,342
XYLXYLEM INCNEW+2.9K2.9K+$289,818$289,818
TXTTEXTRON INCNEW+3.3K3.3K+$236,656$236,656

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

Holdings — Q4 2022

215 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC CL BCOM15.24%$45M144.4K
2NVONOVO NORDISK A S ADRhistory →COM6.18%$18M135.1K
3EPDENTERPRISE PRODUCTShistory →COM4.56%$13M559.4K
4GOOGALPHABET INC CL CCOM3.34%$10M111.3K
5AWKAMERICAN WATER WORKS COhistory →COM2.72%$8M52.8K
6HEIHEICO CORPhistory →COM2.19%$6M42.2K
7REGNREGENERON PHARM INChistory →COM2.00%$6M8.2K
8LINDE AGCOM1.94%$6M17.6K
9IFFINTL FLAVOR FRAGRANCEhistory →COM1.72%$5M48.6K
10AAPLAPPLE INChistory →COM1.64%$5M37.3K
11WTRGESSENTIAL UTILS INChistory →COM1.54%$5M95.1K
12BCPCBALCHEM CORPhistory →COM1.46%$4M35.4K
13NOCNORTHROP GRUMMAN CORPhistory →COM1.36%$4M7.4K
14CVXCHEVRON CORPORATIONhistory →COM1.31%$4M21.6K
15PEPPEPSICO INChistory →COM1.22%$4M20.0K
16MKCMCCORMICK CO INChistory →COM1.22%$4M43.5K
17ZBRAZEBRA TECHNOLOGIES CL Ahistory →COM1.20%$4M13.8K
18KMIKINDER MORGAN INChistory →COM1.20%$4M195.7K
19VRTXVERTEX PHARM INChistory →COM1.19%$4M12.2K
20DEODIAGEO PLC SPONS ADR NEWhistory →COM1.16%$3M19.3K
21INGRINGREDION INChistory →COM1.16%$3M35.1K
22MDTMEDTRONIC INChistory →COM1.06%$3M40.3K
23CDRECADRE HOLDINGShistory →COM1.05%$3M154.8K
24WSOWATSCO INChistory →COM1.04%$3M12.4K
25VOOVANGUARD INDX S P500 ETFhistory →COM1.03%$3M8.6K
26S W SEED COMPANYCOM1.01%$3M2.00M
27OXYOCCIDENTAL PETE CORPCOM0.99%$3M46.4K
28NFGNATIONAL FUEL GASCOM0.98%$3M45.8K
29UNPUNION PACIFIC CORPCOM0.96%$3M13.7K
30WMBWILLIAMS COMPANIES INCCOM0.91%$3M81.8K
31MPMP MATERIALS CORPCOM0.89%$3M108.0K
32RGCORGC RESOURCES INCCOM0.86%$3M115.6K
33BJBJS WHOLESALE CLUBCOM0.73%$2M32.7K
34JOEST JOE COMPANYCOM0.73%$2M55.9K
35ILMNILLUMINA INCCOM0.72%$2M10.5K
36MSFTMICROSOFT CORPCOM0.72%$2M8.8K
37LHXL3HARRIS TECHNOLOGIESCOM0.71%$2M10.0K
38VDEVANGUARD ENERGY ETFCOM0.65%$2M15.8K
39AMZNAMAZON COM INCCOM0.59%$2M20.7K
40SPYSPDR S P 500 TRUST ETFCOM0.58%$2M4.5K
41ETENERGY TRANSFER LPCOM0.57%$2M142.7K
42VGTVANGUARD INFO TECH ETFCOM0.54%$2M5.0K
43WWDWOODWARD INCCOM0.52%$2M16.0K
44BMYBRISTOL MYERS SQUIBBCOM0.52%$2M21.4K
45METAMETA PLATFORMSCOM0.52%$2M12.8K
46TAT T INCCOM0.49%$1M79.2K
47SLVI SHARES SILVER TR ETFCOM0.45%$1M61.1K
48QQQINVESCO QQQ TR ETFCOM0.45%$1M5.0K
49CVSCVS HEALTH CORPCOM0.45%$1M14.3K
50LAM RESEARCH CORP COMCOM0.45%$1M3.1K
51SHELSHELL PLC ADRCOM0.44%$1M23.1K
52PAGPPLAINS GP HLDGS LPCOM0.44%$1M103.8K
53ABBVABBVIE INCCOM0.43%$1M7.9K
54BF/BBROWN FORMAN CORP CL BCOM0.43%$1M19.2K
55VAWVANGUARD MATERIALS ETFCOM0.42%$1M7.2K
56CANADIAN PACIFIC RAILWAYCOM0.42%$1M16.5K
57ESIELEMENT SOLUTIONS INCCOM0.41%$1M66.0K
58ARCCARES CAPITAL CORPCOM0.40%$1M63.9K
59CIBRFIRST NASDAQ CYBERSC ETFCOM0.37%$1M28.5K
60DIASPDR DOW JONES INDL ETFCOM0.35%$1M3.1K
61FIWFIRST TRUST WATER ETFCOM0.35%$1M13.0K
62VZVERIZON COMMUNICATIONSCOM0.35%$1M26.1K
63BUNGE LTDCOM0.34%$994,79210.0K
64GDXVANECK GOLD MINERS ETFCOM0.32%$954,01233.3K
65TIPISHARES TIP BOND ETFCOM0.31%$930,0248.7K
66HIIHUNTINGTON INGALLSCOM0.31%$929,3094.0K
67MAGELLAN MIDSTREAM PRTNSCOM0.30%$893,03617.8K
68MRKMERCK CO INCCOM0.30%$891,9818.0K
69NEENEXTERA ENERGY INCCOM0.29%$867,32310.4K
70HDHOME DEPOT INCCOM0.28%$841,5432.7K
71FXOFIRST TRUST FINANCL ETFCOM0.26%$760,07118.6K
72VLOVALERO ENERGY CORP NEWCOM0.25%$743,2905.9K
73PFEPFIZER INCCOM0.25%$737,59114.4K
74AVGOBROADCOM INCCOM0.25%$729,5891.3K
75APDAIR PRODUCTS CHEMICALSCOM0.24%$715,2182.3K
76AMARIN CORPCOM0.24%$708,698585.7K
77JNJJOHNSON JOHNSONCOM0.23%$686,6753.9K
78MCDMCDONALDS CORPCOM0.21%$623,8452.4K
79KOCOCA COLA COMPANYCOM0.21%$616,5729.7K
80UTFCOHEN STEERS INFRA FDCOM0.21%$610,95625.5K
81SCHGSCHWAB US LARGE CAP ETFCOM0.21%$608,14110.9K
82WFCWELLS FARGO CO NEWCOM0.20%$592,70014.4K
83BBWBUILD A BEAR WORKSHOPCOM0.20%$590,06424.8K
84FVFIRST TR DORSEY ETFCOM0.20%$583,65912.5K
85IBMINTERNATIONAL BUSINESS MACHINES CORPCOM0.20%$577,7004.1K
86TRITON INTL LTDCOM0.19%$574,7608.4K
87BACBANK OF AMERICA CORPCOM0.19%$554,01816.7K
88AMTAMERICAN TOWER CORP REITCOM0.19%$551,5152.6K
89TAKTAKEDA PHARM CO LTD ADRCOM0.18%$535,94534.4K
90MOALTRIA GROUP INCCOM0.18%$529,97311.6K
91EMXCISHARES MSCI EMG ETFCOM0.18%$527,89611.1K
92HALHALLIBURTON COMPANYCOM0.18%$521,32113.2K
93ALLALLSTATE CORPCOM0.18%$517,5523.8K
94CAHCARDINAL HEALTH INCCOM0.17%$507,2056.6K
95FFORD MOTOR COCOM0.16%$479,42141.2K
96PGPROCTER GAMBLE COCOM0.16%$477,1333.1K
97CRWSCROWN CRAFTS INCCOM0.16%$472,59088.5K
98KHCKRAFT HEINZ COCOM0.16%$471,68811.6K
99ARLPALLIANCE RESOURCE PARTNERSCOM0.16%$463,29622.8K
100LIBERTY MEDIA CORP C BRAVESCOM0.16%$462,27514.3K

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 ↗.