SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$342M
Q3 2023
Positions
209
Filings on Record
31
2019–present window
Filed
Oct 31, 2023
original filing

Summary

Cutter & Co Brokerage, Inc. reported $342M in U.S.-listed holdings across 209 positions for Q3 2023.

Its largest position, BRK/B, represents 14.7% of the portfolio.

Compared with Q2 2023, the fund opened 11 new positions and exited 14.

Portfolio Metrics

Turnover
+4.9%
vs prior filed quarter
Top-10 Concentration
+47.4%
share of reported value
Largest Position
+14.7%
Berkshire Hathaway Inc B
New / Exited
11 / 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
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: 73.5%ETP: 8.7%ADR: 8.4%MLP: 7.0%Other: 1.3%Other: 1.2%
  • Common Stock · 73.5% · $252M
  • ETP · 8.7% · $30M
  • ADR · 8.4% · $29M
  • MLP · 7.0% · $24M
  • Other · 1.3% · $4M
  • Other · 1.2% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BATRKATLANTA BRAVES HOLDINGSNEW+14.3K14.3K+$512,726$512,726
QQQMINVESCO NASDAQ 100 ETFNEW+2.6K2.6K+$377,070$377,070
FTGCFIRST TR GLOBL TACTL ETFNEW+9.0K9.0K+$215,804$215,804
KEYKEYCORP NEWNEW+20.0K20.0K+$214,866$214,866
COPCONOCOPHILLIPSNEW+1.8K1.8K+$213,230$213,230
CATCATERPILLAR INCNEW+772772+$210,756$210,756
SANBANCO SANTANDER S A SPONSORED ADRNEW+35.9K35.9K+$134,984$134,984
NWLNEWELL BRANDS INC COMNEW+12.8K12.8K+$115,584$115,584

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

Holdings — Q3 2023

208 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC Bhistory →COM14.68%$50M143.4K
2NVONOVO NORDISK A S ADRhistory →COM7.76%$27M291.9K
3EPDENTERPRISE PRODUCTShistory →COM5.11%$17M639.2K
4GOOGALPHABET INC CL CCOM4.42%$15M114.7K
5CPCANADIAN PACIFIC KANSAS CITYhistory →COM3.71%$13M170.8K
6LINLINDE PLC NEWhistory →COM3.69%$13M33.9K
7HEIHEICO CORPhistory →COM2.25%$8M47.6K
8AWKAMERICAN WATER WORKS COhistory →COM1.94%$7M53.6K
9REGNREGENERON PHARM INChistory →COM1.94%$7M8.1K
10AAPLAPPLE INChistory →COM1.85%$6M37.1K
11ETENERGY TRANSFER LPhistory →COM1.73%$6M421.4K
12BCPCBALCHEM CORPORATIONhistory →COM1.52%$5M41.9K
13OXYOCCIDENTAL PETE CORPhistory →COM1.37%$5M72.4K
14WSOWATSCO INChistory →COM1.36%$5M12.3K
15UNPUNION PACIFIC CORPhistory →COM1.35%$5M22.7K
16VRTXVERTEX PHARM INChistory →COM1.22%$4M12.0K
17CDRECADRE HOLDINGS INChistory →COM1.18%$4M152.0K
18NFGNATIONAL FUEL GAShistory →COM1.14%$4M75.0K
19LLYELI LILLY COhistory →COM1.08%$4M6.9K
20ZBRAZEBRA TECHNOLOGIES CL Ahistory →COM1.08%$4M15.6K
21VOOVANGUARD INDX S P500 ETFhistory →COM1.07%$4M9.3K
22CVXCHEVRON CORPORATIONhistory →COM1.05%$4M21.4K
23PEPPEPSICO INC COMCOM1.00%$3M20.1K
24INGRINGREDION INCORPORATEDCOM0.99%$3M34.6K
25MKCMCCORMICK CO INCCOM0.99%$3M44.8K
26KMIKINDER MORGAN INCCOM0.97%$3M199.8K
27LHXL3HARRIS TECHNOLOGIESCOM0.94%$3M18.5K
28NOCNORTHROP GRUMMAN CORPCOM0.92%$3M7.2K
29JOEST JOE COMPANYCOM0.88%$3M55.2K
30AMZNAMAZON COM INCCOM0.87%$3M23.5K
31METAMETA PLATFORMS INC ACOM0.83%$3M9.5K
32MSFTMICROSOFT CORPCOM0.82%$3M8.9K
33WMBWILLIAMS COMPANIES INCCOM0.80%$3M80.9K
34BJBJS WHOLESALE CLUBCOM0.78%$3M37.4K
35MPMP MATERIALS CORPCOM0.71%$2M127.6K
36S W SEED COCOM0.67%$2M2.06M
37SPYSPDR S P 500 TRUST ETFCOM0.60%$2M4.8K
38VGTVANGUARD INFO TECH ETFCOM0.60%$2M4.9K
39VDEVANGUARD ENERGY ETFCOM0.58%$2M15.7K
40WWDWOODWARD INCCOM0.57%$2M15.6K
41QQQINVESCO QQQ TR ETFCOM0.55%$2M5.2K
42LAM RESEARCH CORPORATIONCOM0.54%$2M3.0K
43PAGPPLAINS GP HLDGS LPCOM0.49%$2M104.7K
44AVGOBROADCOM INCCOM0.45%$2M1.9K
45SCHDSCHWAB US DIVIDEND ETFCOM0.43%$1M21.0K
46RGCORGC RESOURCES INCCOM0.41%$1M81.9K
47SHELSHELL PLC ADRCOM0.41%$1M21.8K
48CIBRFIRST NASDAQ CYBERSC ETFCOM0.40%$1M30.1K
49APDAIR PRODUCTS CHEMICALSCOM0.39%$1M4.8K
50VAWVANGUARD MATERIALS ETFCOM0.38%$1M7.6K
51BMYBRISTOL MYERS SQUIBBCOM0.38%$1M22.4K
52ARCCARES CAPITAL CORPCOM0.38%$1M66.3K
53DIASPDR DOW JONES INDL ETFCOM0.37%$1M3.8K
54WTRGESSENTIAL UTILS INCCOM0.35%$1M35.3K
55NVDANVIDIA CORPCOM0.34%$1M2.7K
56TATT INCCOM0.33%$1M76.2K
57ABBVABBVIE INCCOM0.33%$1M7.5K
58BF/BBROWN FORMAN CORP CL BCOM0.32%$1M18.8K
59SLVI SHARES SILVER TR ETFCOM0.31%$1M52.9K
60FIWFIRST TRUST WATER ETFCOM0.31%$1M12.9K
61BUNGE LTDCOM0.29%$989,3879.1K
62TIPISHARES TIP BOND ETFCOM0.28%$969,8419.4K
63HIIHUNTINGTON INGALLSCOM0.28%$958,5404.7K
64VZVERIZON COMMUNICATIONSCOM0.26%$884,66427.3K
65MRKMERCK CO INC NEWCOM0.25%$867,4838.4K
66FXOFIRST TRUST FINANCL ETFCOM0.23%$803,15521.2K
67JPMJPMORGAN CHASE COCOM0.23%$790,9595.5K
68GDXVANECK GOLD MINERS ETFCOM0.23%$787,52429.3K
69NEENEXTERA ENERGY INCCOM0.23%$777,03213.6K
70SCHGSCHWAB US LARGE CAP ETFCOM0.22%$754,74010.4K
71BBWBUILD A BEAR WORKSHOPCOM0.21%$727,92724.8K
72HDHOME DEPOT INCCOM0.21%$710,9212.4K
73VLOVALERO ENERGY CORP NEWCOM0.20%$689,3614.9K
74DHRDANAHER CORPCOM0.19%$666,5412.7K
75NSCNORFOLK SOUTHERN CORPCOM0.19%$661,7593.4K
76UNHUNITEDHEALTH GROUPCOM0.19%$643,3301.3K
77MARKREMARK HOLDINGS INCCOM0.18%$633,0481.27M
78EMXCISHARES MSCI EMG ETFCOM0.18%$629,19912.6K
79IBMINTL BUSINESS MACH CORPCOM0.18%$615,2534.4K
80PFEPFIZER INCORPORATEDCOM0.18%$603,48918.2K
81MCDMCDONALDS CORPCOM0.18%$600,7272.3K
82TAKTAKEDA PHARM CO LTD ADRCOM0.17%$575,10837.2K
83JNJJOHNSON JOHNSONCOM0.17%$570,1433.7K
84HWKNHAWKINS INCCOM0.16%$558,1429.5K
85KOCOCA COLA COMPANYCOM0.16%$556,6109.9K
86MOALTRIA GROUP INCCOM0.16%$556,08813.2K
87BRK/ABERKSHIRE HATHAWAY CL ACOM0.16%$531,4771
88ARLPALLIANCE RESOURCE PARTNERS L P UNIT LTD PARTNER INTCOM0.15%$513,68422.8K
89BATRKATLANTA BRAVES HOLDINGSCOM0.15%$512,72614.3K
90IYWISHARES U.S. TECH ETFCOM0.15%$510,2144.9K
91HALHALLIBURTON COMPANYCOM0.15%$506,62112.5K
92FVFIRST TR DORSEY ETFCOM0.15%$503,10711.4K
93AMARIN CORPCOM0.14%$490,775533.5K
94UTFCOHEN STEERS INFRA FDCOM0.14%$488,94925.0K
95CAHCARDINAL HEALTH INCCOM0.14%$485,5265.6K
96SPROTT PHYSICAL GOLDCOM0.14%$465,21526.9K
97KHCKRAFT HEINZ COCOM0.13%$437,10913.0K
98SPROTT PHYSICAL GOLD TRCOM0.12%$425,20429.7K
99WBDWARNER BROS DISCOVERYCOM0.12%$419,20338.6K
100IQVIQVIA HLDGS INCCOM0.12%$412,7822.1K

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 ↗.