SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Cutter & CO Brokerage, Inc.

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

Reported Value
$423M
Q1 2025
Positions
183
Filings on Record
30
2019–present window
Filed
May 1, 2025
original filing

Summary

Cutter & Co Brokerage, Inc. reported $423M in U.S.-listed holdings across 183 positions for Q1 2025.

Its largest position, BRK/B, represents 15.4% of the portfolio.

Compared with Q4 2024, the fund opened 34 new positions and exited 60.

Portfolio Metrics

Turnover
+10.7%
vs prior filed quarter
Top-10 Concentration
+47.0%
share of reported value
Largest Position
+15.4%
Berkshire Hathaway Inc B
New / Exited
34 / 60
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: 75.5%ETP: 11.1%MLP: 8.0%ADR: 5.0%Closed-End Fund: 0.2%Other: 0.2%
  • Common Stock · 75.5% · $319M
  • ETP · 11.1% · $47M
  • MLP · 8.0% · $34M
  • ADR · 5.0% · $21M
  • Closed-End Fund · 0.2% · $971,774
  • Other · 0.2% · $925,618

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TDGTRANSDIGM GROUP INCNEW+5.1K5.1K+$7M$7M
JOEST JOE COMPANYNEW+50.7K50.7K+$2M$2M
UNHUNITEDHEALTH GROUPNEW+4.0K4.0K+$2M$2M
VDEVANGUARD ENERGY ETFNEW+15.1K15.1K+$2M$2M
VLOVALERO ENERGY CORP NEWNEW+6.5K6.5K+$855,404$855,404
TFCTRUIST FINL CORPNEW+11.7K11.7K+$479,520$479,520
VIGVANGUARD DIV APPREC ETFNEW+2.4K2.4K+$470,207$470,207
ORCLORACLE CORPNEW+3.3K3.3K+$467,450$467,450

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

Holdings — Q1 2025

181 positions (from 183 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRK/BBERKSHIRE HATHAWAY INC Bhistory →COM15.37%$65M122.0K
2EPDENTERPRISE PRODUCTShistory →COM5.53%$23M684.1K
3NVONOVO NORDISK A S ADRhistory →COM4.65%$20M283.0K
4GOOGALPHABET INC CL CCOM4.34%$18M117.4K
5HEIHEICO CORP NEWhistory →COM4.09%$17M64.6K
6LINLINDE PLC NEWhistory →COM3.43%$14M31.1K
7CPCANADIAN PACIFIC KANSAShistory →COM3.19%$13M191.9K
8ETENERGY TRANSFER LPhistory →COM2.47%$10M562.4K
9AMZNAMAZON COM INChistory →COM1.98%$8M44.0K
10LLYELI LILLY COhistory →COM1.94%$8M9.9K
11WSOWATSCO INChistory →COM1.81%$8M15.0K
12AWKAMERICAN WATER WORKS COhistory →COM1.71%$7M49.1K
13TDGTRANSDIGM GROUP INChistory →COM1.67%$7M5.1K
14AAAUGOLDMAN SACHS ETFhistory →COM1.64%$7M223.8K
15REGNREGENERON PHARM INChistory →COM1.63%$7M10.8K
16BCPCBALCHEM CORPORATIONhistory →COM1.61%$7M41.0K
17MSFTMICROSOFT CORPhistory →COM1.53%$6M17.2K
18AAPLAPPLE INChistory →COM1.37%$6M26.1K
19OXYOCCIDENTAL PETE CORPhistory →COM1.33%$6M113.5K
20UNPUNION PACIFIC CORPhistory →COM1.32%$6M23.6K
21METAMETA PLATFORMS INC Ahistory →COM1.31%$6M9.6K
22VOOVANGUARD INDX S P500 ETFhistory →COM1.18%$5M9.7K
23VVISA INC CLASS Ahistory →COM1.17%$5M14.1K
24MAMASTERCARD INC CL Ahistory →COM1.07%$5M8.3K
25MPMP MATLS CORPhistory →COM1.05%$4M181.0K
26BJBJS WHOLESALE CLUBCOM0.98%$4M36.2K
27VRTXVERTEX PHARM INCCOM0.96%$4M8.4K
28LHXL3HARRIS TECHNOLOGIESCOM0.91%$4M18.4K
29ZBRAZEBRA TECHNOLOGIES CL ACOM0.88%$4M13.1K
30ADMARCHER DANIELS MIDLANDCOM0.87%$4M76.2K
31NOCNORTHROP GRUMMAN CORPCOM0.84%$4M7.0K
32RGCORGC RESOURCES INCCOM0.73%$3M147.9K
33LMTLOCKHEED MARTIN CORPCOM0.73%$3M6.9K
34NVDANVIDIA CORPCOM0.67%$3M26.2K
35UGIUGI CORP NEWCOM0.65%$3M82.5K
36PFEPFIZER INCORPORATEDCOM0.60%$3M99.9K
37SPYSPDR S P 500 TRUST ETFCOM0.60%$3M4.5K
38CSXCSX CORPCOM0.60%$3M85.9K
39AVGOBROADCOM INCCOM0.57%$2M14.4K
40FIXDFIRST TR VII TCW OPP ETFCOM0.56%$2M54.4K
41JOEST JOE COMPANYCOM0.56%$2M50.7K
42CVXCHEVRON CORPORATIONCOM0.55%$2M13.9K
43VGTVANGUARD INFO TECH ETFCOM0.50%$2M3.9K
44UNHUNITEDHEALTH GROUPCOM0.49%$2M4.0K
45CIBRFIRST NASDAQ CYBERSC ETFCOM0.49%$2M32.9K
46QQQINVESCO QQQ TR ETFCOM0.47%$2M4.3K
47VDEVANGUARD ENERGY ETFCOM0.46%$2M15.1K
48SPROTT PHYSICAL SILVERCOM0.46%$2M168.8K
49SCHDSCHWAB US DIVIDEND ETFCOM0.46%$2M69.5K
50PLTRPALANTIR TECHNOLOGIESCOM0.45%$2M22.6K
51IWMISHARES RUSSELL 2000 ETFCOM0.45%$2M9.6K
52ABBVABBVIE INCCOM0.38%$2M7.7K
53TATT INCCOM0.37%$2M55.9K
54VAWVANGUARD MATERIALS ETFCOM0.36%$2M8.1K
55DIASPDR DOW JONES INDL ETFCOM0.36%$2M3.6K
56ARCCARES CAPITAL CORPCOM0.35%$1M67.2K
57LRCXLAM RESH CORP NEWCOM0.35%$1M20.3K
58FIWFIRST TRUST WATER ETFCOM0.31%$1M13.0K
59SLVI SHARES SILVER TR ETFCOM0.29%$1M40.2K
60GDXVANECK GOLD MINERS ETFCOM0.28%$1M25.6K
61JPMJPMORGAN CHASE COCOM0.25%$1M4.4K
62HIIHUNTINGTON INGALLSCOM0.25%$1M5.1K
63BMYBRISTOL MYERS SQUIBBCOM0.25%$1M17.1K
64VZVERIZON COMMUNICATIONSCOM0.24%$1M22.8K
65SCHGSCHWAB US LARGE CAP ETFCOM0.24%$1M40.5K
66IBMINTERNATIONAL BUSINESS MACHINESCOM0.24%$1M4.1K
67CAHCARDINAL HEALTH INCCOM0.24%$1M7.3K
68HDHOME DEPOT INCCOM0.23%$978,0232.7K
69SPROTT PHYSICAL GOLDCOM0.23%$962,78338.7K
70PANWPALO ALTO NETWORKS INCCOM0.22%$922,4795.4K
71BBWBUILD A BEAR WORKSHOPCOM0.22%$919,99524.8K
72VLOVALERO ENERGY CORP NEWCOM0.20%$855,4046.5K
73SCHBSCHWB STRTGC TR BROD ETFCOM0.20%$852,28939.6K
74QQQMINVESCO NASDAQ 100 ETFCOM0.20%$834,3034.3K
75MOALTRIA GROUP INCCOM0.19%$818,98813.6K
76FXOFIRST TRUST FINANCL ETFCOM0.19%$808,01615.2K
77BRK/ABERKSHIRE HATHAWAY CL ACOM0.19%$798,4421
78EMXCISHARES MSCI EMG ETFCOM0.19%$798,08414.5K
79MRKMERCK CO INCCOM0.19%$786,5568.8K
80GILDGILEAD SCIENCES INCCOM0.17%$719,7366.4K
81SHELSHELL PLC ADRCOM0.16%$689,8119.4K
82WMTWALMART INCCOM0.15%$644,2067.3K
83CSCOCISCO SYSTEM INCCOM0.15%$617,94910.0K
84BACBANK OF AMERICA CORPCOM0.15%$616,19314.8K
85CICIGNA GROUPCOM0.14%$609,5151.9K
86MCDMCDONALDS CORPCOM0.14%$597,4371.9K
87NEENEXTERA ENERGY INCCOM0.14%$591,9758.4K
88IYWISHARES U S TECHNOLOGY ETFCOM0.14%$572,9364.1K
89AMGNAMGEN INCCOM0.13%$555,4791.8K
90JNJJOHNSON JOHNSONCOM0.13%$552,7173.3K
91CBCHUBB LTDCOM0.13%$545,3941.8K
92TIPISHARES TIP BOND ETFCOM0.13%$541,7664.9K
93PMPHILIP MORRIS INTL INCCOM0.13%$539,6663.4K
94OHIOMEGA HEALTHCARE INVSCOM0.13%$534,86114.0K
95XGDVXGABELLI DIVIDENDCOM0.13%$528,73721.9K
96TFCTRUIST FINL CORPCOM0.11%$479,52011.7K
97VIGVANGUARD DIV APPREC ETFCOM0.11%$470,2072.4K
98ORCLORACLE CORPCOM0.11%$467,4503.3K
99HPEHEWLETT PACKARDCOM0.11%$465,81730.2K
100FVFIRST TR DORSEY ETFCOM0.11%$464,1708.5K

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 ↗.