SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$360M
Q4 2023
Positions
198
Filings on Record
31
2019–present window
Filed
Feb 1, 2024
original filing

Summary

Cutter & Co Brokerage, Inc. reported $360M in U.S.-listed holdings across 198 positions for Q4 2023.

Its largest position, BRK/B, represents 14.1% of the portfolio.

Compared with Q3 2023, the fund opened 10 new positions and exited 21.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+47.9%
share of reported value
Largest Position
+14.1%
Berkshire Hathaway
New / Exited
10 / 21
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: 73.7%ETP: 9.2%ADR: 8.9%MLP: 6.6%Other: 0.6%Other: 1.1%
  • Common Stock · 73.7% · $265M
  • ETP · 9.2% · $33M
  • ADR · 8.9% · $32M
  • MLP · 6.6% · $24M
  • Other · 0.6% · $2M
  • Other · 1.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FIXDFIRST TR VII TCW OPP ETFNEW+31.2K31.2K+$1M$1M
BGBUNGE GLOBAL SANEW+9.3K9.3K+$939,315$939,315
EGEVEREST GROUP LTDNEW+874874+$308,863$308,863
CVSCVS HEALTH CORPNEW+3.4K3.4K+$270,112$270,112
SCHBSCHWB STRTGC TR BROD ETFNEW+4.1K4.1K+$229,231$229,231
AMGNAMGEN INCNEW+737737+$212,259$212,259
FDLFIRST TR MRNSTR DIV ETFNEW+5.8K5.8K+$206,592$206,592
QCOMQUALCOMM INCNEW+1.4K1.4K+$203,817$203,817

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

Holdings — Q4 2023

196 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC CL BCOM14.08%$51M140.7K
2NVONOVO NORDISK A S ADRhistory →COM8.36%$30M291.1K
3EPDENTERPRISE PRODUCTShistory →COM4.76%$17M650.2K
4GOOGALPHABET INC CL CCOM4.50%$16M115.1K
5CPCANADIAN PACIFIC KANSAShistory →COM4.07%$15M185.6K
6LINLINDE PLC NEWhistory →COM3.97%$14M34.8K
7HEIHEICO CORPhistory →COM2.39%$9M48.0K
8AAPLAPPLE INChistory →COM1.92%$7M36.0K
9REGNREGENERON PHARM INChistory →COM1.92%$7M7.9K
10AWKAMERICAN WATER WORKS COhistory →COM1.92%$7M52.4K
11BCPCBALCHEM CORPhistory →COM1.83%$7M44.3K
12ETENERGY TRANSFER LPhistory →COM1.68%$6M439.2K
13UNPUNION PACIFIC CORPhistory →COM1.54%$6M22.6K
14WSOWATSCO INChistory →COM1.44%$5M12.1K
15VRTXVERTEX PHARM INChistory →COM1.33%$5M11.8K
16OXYOCCIDENTAL PETE CORPhistory →COM1.23%$4M74.5K
17VOOVANGUARD INDX S P500 ETFhistory →COM1.19%$4M9.8K
18LLYELI LILLY COhistory →COM1.10%$4M6.8K
19ZBRAZEBRA TECHNOLOGIES CL Ahistory →COM1.08%$4M14.2K
20LHXL3HARRIS TECHNOLOGIEShistory →COM1.06%$4M18.2K
21AMZNAMAZON COM INChistory →COM1.00%$4M23.7K
22NFGNATIONAL FUEL GASCOM0.98%$4M70.0K
23KMIKINDER MORGAN INCCOM0.97%$3M198.1K
24CDRECADRE HOLDINGSCOM0.96%$3M105.3K
25JOEST JOE COMPANYCOM0.92%$3M55.0K
26MSFTMICROSOFT CORPCOM0.92%$3M8.8K
27METAMETA PLATFORMS INC ACOM0.91%$3M9.3K
28NOCNORTHROP GRUMMAN CORPCOM0.91%$3M7.0K
29PEPPEPSICO INCCOM0.89%$3M19.2K
30MKCMCCORMICK CO INCCOM0.85%$3M44.7K
31CVXCHEVRON CORPORATIONCOM0.84%$3M20.2K
32PFEPFIZER INCCOM0.83%$3M104.3K
33MPMP MATLS CORPCOM0.74%$3M133.7K
34WMBWILLIAMS COMPANIES INCCOM0.71%$3M73.8K
35BJBJS WHOLESALE CLUBCOM0.70%$3M37.6K
36RGCORGC RESOURCES INCCOM0.70%$3M123.3K
37SPYSPDR S P 500 TRUST ETFCOM0.64%$2M4.9K
38VGTVANGUARD INFO TECH ETFCOM0.60%$2M4.5K
39QQQINVESCO QQQ TR ETFCOM0.60%$2M5.3K
40LAM RESEARCH CORPORATIONCOM0.60%$2M2.7K
41WWDWOODWARD INCCOM0.59%$2M15.5K
42AVGOBROADCOM INCCOM0.57%$2M1.8K
43APDAIR PRODUCTS CHEMCOM0.47%$2M6.2K
44VDEVANGUARD ENERGY ETFCOM0.46%$2M14.1K
45PAGPPLAINS GP HLDGS LPCOM0.45%$2M101.4K
46SCHDSCHWAB US DIVIDEND ETFCOM0.45%$2M21.1K
47CIBRFIRST NASDAQ CYBERSC ETFCOM0.44%$2M29.8K
48DIASPDR DOW JONES INDL ETFCOM0.40%$1M3.9K
49FIXDFIRST TR VII TCW OPP ETFCOM0.39%$1M31.2K
50SW SEED COMPANYCOM0.38%$1M1.95M
51VAWVANGUARD MATERIALS ETFCOM0.38%$1M7.2K
52ARCCARES CAPITAL CORPCOM0.38%$1M67.5K
53NVDANVIDIA CORPCOM0.36%$1M2.6K
54VVISA INC CLASS ACOM0.36%$1M4.9K
55FIWFIRST TRUST WATER ETFCOM0.35%$1M13.2K
56TATT INCCOM0.34%$1M72.0K
57MARKREMARK HOLDINGS INCCOM0.33%$1M2.41M
58HIIHUNTINGTON INGALLSCOM0.33%$1M4.6K
59ABBVABBVIE INCCOM0.33%$1M7.7K
60SHELSHELL PLC ADRCOM0.33%$1M18.0K
61WTRGESSENTIAL UTILS INCCOM0.32%$1M30.7K
62BF/BBROWN FORMAN CORP CL BCOM0.29%$1M18.4K
63SLVI SHARES SILVER TR ETFCOM0.29%$1M47.5K
64BMYBRISTOL MYERS SQUIBBCOM0.28%$1M19.9K
65BGBUNGE GLOBAL SACOM0.26%$939,3159.3K
66VZVERIZON COMMUNICATIONSCOM0.25%$899,39423.9K
67JPMJPMORGAN CHASE COCOM0.25%$895,7605.3K
68MAMASTERCARD INC CL ACOM0.25%$887,8332.1K
69GDXVANECK GOLD MINERS ETFCOM0.24%$875,44228.2K
70SCHGSCHWAB US LARGE CAP ETFCOM0.24%$870,28210.5K
71MRKMERCK CO INC NEWCOM0.24%$866,7888.0K
72NSCNORFOLK SOUTHERN CORPCOM0.24%$847,5573.6K
73FXOFIRST TRUST FINANCL ETFCOM0.22%$798,26918.4K
74NEENEXTERA ENERGY INCCOM0.22%$787,24913.0K
75HDHOME DEPOT INCCOM0.22%$780,1612.3K
76EMXCISHARES MSCI EMG ETFCOM0.20%$726,21513.1K
77IBMINTL BUSINESS MACH CORPCOM0.20%$722,8894.4K
78MCDMCDONALDS CORPCOM0.18%$665,8622.2K
79VLOVALERO ENERGY CORP NEWCOM0.18%$647,5475.0K
80UNHUNITEDHEALTH GROUPCOM0.18%$633,3871.2K
81TIPISHARES TIP BOND ETFCOM0.17%$622,8445.8K
82IYWISHARES U S TECHNOLOGY ETFCOM0.17%$598,0554.9K
83FVFIRST TR DORSEY ETFCOM0.16%$575,60411.2K
84BBWBUILD A BEAR WORKSHOPCOM0.16%$569,02524.8K
85DHRDANAHER CORPCOM0.16%$568,1732.5K
86CAHCARDINAL HEALTH INCCOM0.15%$541,9395.4K
87TAKTAKEDA PHARM CO LTD ADRCOM0.15%$539,61237.8K
88KOCOCA COLA COMPANYCOM0.15%$536,8539.1K
89KHCKRAFT HEINZ COCOM0.14%$512,44613.9K
90UTFCOHEN STEERS INFRA FDCOM0.14%$506,68823.9K
91SPROTT PHYSICAL GOLDCOM0.14%$502,87926.3K
92XGDVXGABELLI DIVIDENDCOM0.13%$486,08122.5K
93HWKNHAWKINS INCCOM0.13%$480,0636.8K
94QQQMINVESCO NASDAQ 100 ETFCOM0.13%$472,8222.8K
95CICIGNA GROUPCOM0.13%$455,8781.5K
96JNJJOHNSON JOHNSONCOM0.13%$453,8752.9K
97SPROTT PHYSICAL GOLD TRCOM0.12%$449,11428.2K
98AMDADVANCED MICRO DEVICESCOM0.12%$444,3993.0K
99BATRKATLANTA BRAVES HOLDINGS SER CCOM0.12%$438,66511.1K
100WMWASTE MANAGEMENT INC DELCOM0.12%$434,3002.4K

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 ↗.