SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$321M
Q1 2023
Positions
218
Filings on Record
31
2019–present window
Filed
May 9, 2023
original filing

Summary

Cutter & Co Brokerage, Inc. reported $321M in U.S.-listed holdings across 218 positions for Q1 2023.

Its largest position, BRK/B, represents 13.9% of the portfolio.

Compared with Q4 2022, the fund opened 16 new positions and exited 15.

Portfolio Metrics

Turnover
+5.4%
vs prior filed quarter
Top-10 Concentration
+41.9%
share of reported value
Largest Position
+13.9%
Berkshire Hathaway
New / Exited
16 / 15
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: 72.7%ETP: 8.8%ADR: 8.5%MLP: 5.7%Other: 2.9%Other: 1.4%
  • Common Stock · 72.7% · $233M
  • ETP · 8.8% · $28M
  • ADR · 8.5% · $27M
  • MLP · 5.7% · $18M
  • Other · 2.9% · $9M
  • Other · 1.4% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LINLINDE PLC NEWNEW+24.4K24.4K+$9M$9M
NSCNORFOLK SOUTHERN CORPNEW+1.9K1.9K+$396,228$396,228
XGDVXGABELLI DIVIDENDNEW+16.1K16.1K+$338,873$338,873
LEVILEVI STRAUSS COCLASS A COMMON STOCKNEW+16.2K16.2K+$295,326$295,326
FMCFMC CORP NEWNEW+1.9K1.9K+$232,401$232,401
FDLFIRST TR MRNSTR DIV ETFNEW+6.5K6.5K+$231,630$231,630
AMDADVANCED MICRO DEVICESNEW+2.3K2.3K+$229,120$229,120
ASMLASML HOLDING NVNEW+334334+$227,421$227,421

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

Holdings — Q1 2023

215 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY CL BCOM13.94%$45M143.3K
2NVONOVO NORDISK A S ADRhistory →COM6.75%$22M136.0K
3EPDENTERPRISE PRODUCTShistory →COM4.54%$15M561.8K
4GOOGALPHABET INC CL CCOM3.77%$12M116.2K
5LINLINDE PLC NEWCOM2.78%$9M25.1K
6AWKAMERICAN WATER WORKS COhistory →COM2.41%$8M52.8K
7HEIHEICO CORPhistory →COM2.24%$7M42.1K
8REGNREGENERON PHARM INChistory →COM2.09%$7M8.1K
9AAPLAPPLE INChistory →COM1.94%$6M37.8K
10BCPCBALCHEM CORPhistory →COM1.43%$5M36.4K
11ZBRAZEBRA TECHNOLOGIES CL Ahistory →COM1.37%$4M13.8K
12IFFINTL FLAVOR FRAGRANCEhistory →COM1.32%$4M46.0K
13NFGNATL FUEL GAS COhistory →COM1.30%$4M72.1K
14WTRGESSENTIAL UTILS INChistory →COM1.27%$4M93.5K
15WSOWATSCO INChistory →COM1.21%$4M12.2K
16VRTXVERTEX PHARM INChistory →COM1.18%$4M12.0K
17MKCMCCORMICK CO INChistory →COM1.16%$4M44.8K
18PEPPEPSICO INChistory →COM1.13%$4M19.9K
19CANADIAN PACIFIC RAILWAYCOM1.12%$4M46.5K
20CVXCHEVRON CORPORATIONhistory →COM1.09%$3M21.4K
21KMIKINDER MORGAN INChistory →COM1.07%$3M196.4K
22DEODIAGEO PLC SPONS ADR NEWhistory →COM1.05%$3M18.7K
23INGRING GROEP N V SPON ADRhistory →COM1.05%$3M34.4K
24UNPUNION PACIFIC CORPhistory →COM1.04%$3M16.6K
25CDRECADRE HOLDINGShistory →COM1.04%$3M154.2K
26NOCNORTHROP GRUMMAN CORPhistory →COM1.04%$3M7.2K
27VOOVANGUARD INDX S P500 ETFhistory →COM1.03%$3M8.8K
28MPMP MATERIALS CORPhistory →COM1.00%$3M114.3K
29OXYOCCIDENTAL PETE CORPCOM1.00%$3M51.3K
30MDTMEDTRONIC INCCOM1.00%$3M39.7K
31S W SEED COCOM0.94%$3M2.08M
32METAMETA PLATFORMS INC ACOM0.84%$3M12.7K
33MSFTMICROSOFT CORPCOM0.81%$3M9.0K
34AMZNAMAZON COM INCCOM0.80%$3M24.7K
35BJBJS WHOLESALE CLUBCOM0.78%$2M32.7K
36WMBWILLIAMS COMPANIES INCCOM0.76%$2M81.6K
37ETENERGY TRANSFER LPCOM0.76%$2M194.9K
38LLYELI LILLY COCOM0.74%$2M6.9K
39JOETHE ST JOE COMPANYCOM0.73%$2M55.9K
40RGCORGC RESOURCES INCCOM0.71%$2M98.0K
41ILMNILLUMINA INCCOM0.63%$2M8.6K
42LHXL3HARRIS TECHNOLOGIESCOM0.61%$2M10.0K
43VGTVANGUARD INFO TECH ETFCOM0.61%$2M5.0K
44VDEVANGUARD ENERGY ETFCOM0.57%$2M16.1K
45SPYSPDR S P 500 TRUST ETFCOM0.57%$2M4.5K
46QQQINVESCO QQQ TR ETFCOM0.52%$2M5.2K
47LAM RESEARCH CORPORATIONCOM0.51%$2M3.1K
48WWDWOODWARD INCCOM0.49%$2M16.0K
49TATT INCCOM0.47%$2M78.8K
50BMYBRISTOL MYERS SQUIBBCOM0.46%$1M21.4K
51PAGPPLAINS GP HLDGS LPCOM0.45%$1M109.0K
52VAWVANGUARD MATERIALS ETFCOM0.41%$1M7.5K
53SHELSHELL PLC ADRCOM0.41%$1M23.0K
54SCHDSCHWAB US DIVIDEND ETFCOM0.41%$1M17.8K
55SLVI SHARES SILVER TR ETFCOM0.39%$1M56.0K
56CIBRFIRST NASDAQ CYBERSC ETFCOM0.39%$1M29.0K
57ARCCARES CAPITAL CORPCOM0.38%$1M67.1K
58BF/BBROWN FORMAN CORP CL BCOM0.38%$1M18.9K
59ABBVABBVIE INCCOM0.37%$1M7.5K
60AVGOBROADCOM INCCOM0.36%$1M1.8K
61ESIELEMENT SOLUTIONS INCCOM0.36%$1M59.4K
62FIWFIRST TRUST WATER ETFCOM0.35%$1M13.3K
63DIASPDR DOW JONES INDL ETFCOM0.34%$1M3.2K
64GDXVANECK GOLD MINERS ETFCOM0.33%$1M32.7K
65TIPISHARES TIP BOND ETFCOM0.33%$1M9.5K
66VZVERIZON COMMUNICATIONSCOM0.32%$1M26.8K
67CVSCVS HEALTH CORPCOM0.31%$979,72214.4K
68MAGELLAN MIDSTREAM PRTNSCOM0.30%$978,41418.0K
69BUNGE LTDCOM0.29%$942,5879.9K
70NEENEXTERA ENERGY INCCOM0.28%$883,24811.5K
71AMARIN CORPCOM0.27%$858,902572.6K
72MRKMERCK CO INC NEWCOM0.26%$846,4758.0K
73HIIHUNTINGTON INGALLSCOM0.26%$841,3654.1K
74HDHOME DEPOT INCCOM0.25%$804,3252.7K
75VLOVALERO ENERGY CORP NEWCOM0.24%$776,9975.6K
76MARKREMARK HOLDINGS INCCOM0.24%$774,388565.2K
77FXOFIRST TRUST FINANCL ETFCOM0.22%$719,62119.3K
78SCHGSCHWAB US LARGE CAP ETFCOM0.22%$714,10611.0K
79APDAIR PRODUCTS CHEMICALSCOM0.21%$672,1472.3K
80MCDMCDONALDS CORPCOM0.21%$662,3562.4K
81UNHUNITEDHEALTH GROUPCOM0.20%$650,2821.4K
82PFEPFIZER INCCOM0.19%$624,01015.3K
83WBDWARNER BROS DISCOVERYCOM0.19%$621,95741.2K
84KOCOCA COLA COMPANYCOM0.19%$601,2579.7K
85NVDANVIDIA CORPCOM0.18%$587,1272.1K
86UTFCOHEN STEERS INFRA FDCOM0.18%$585,14825.0K
87BBWBUILD A BEAR WORKSHOPCOM0.18%$575,21324.8K
88TAKTAKEDA PHARM CO LTD ADRCOM0.18%$570,81134.6K
89EMXCISHARES MSCI EMG ETFCOM0.17%$557,85511.3K
90FFORD MOTOR COMPANYCOM0.17%$552,26843.8K
91FVFIRST TR DORSEY ETFCOM0.17%$539,14312.0K
92AMTAMERICAN TOWER CORP REITCOM0.17%$533,9872.6K
93TRITON INTL LTDCOM0.16%$522,2078.3K
94IBMINTERNATIONAL BUSINESSMACHINES CORPCOM0.16%$519,9534.0K
95JNJJOHNSON JOHNSONCOM0.16%$519,3083.4K
96MOALTRIA GROUP INCCOM0.16%$508,18511.4K
97LIBERTY MEDIA CORP C BRAVESCOM0.15%$483,21614.3K
98KHCKRAFT HEINZ COCOM0.15%$465,91312.0K
99CRWSCROWN CRAFTS INCCOM0.15%$465,40880.8K
100ARLPALLIANCE RESOURCE PARTNERSCOM0.14%$459,87622.8K

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 ↗.