HUTNER CAPITAL MANAGEMENT INC
CIK 944733 · View on SEC EDGAR ↗
- Portfolio value
- $252.1M
- Positions
- 43
- As of
- June 30, 2026
#5,711 of 9,443 by 13F value · top 60.5%
Portfolio value QoQ: +3.6% 13F does not disclose cash
- Top 10 holdings weight
- 57.43%
- Top 25 holdings weight
- 91.25%
- Positions above 1%
- 27
- Effective number of positions
- 20.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.71% Est. buys $4,236,811 · sells $1,747,876
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 86.0% still held
- New positions
- 1
- Increased
- 25
- Decreased
- 9
- Closed
- 1
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Consumer Staples
17.9%
Healthcare
10.5%
Retail
8.9%
Consumer Discretionary
6.2%
Communication Services
5.9%
Energy
5.7%
Materials
4.5%
Technology
4.4%
Financial Services
4.1%
Industrials
3.7%
Consumer products
3.1%
Real Estate
1.3%
Financials
1.0%
Logistics & Transportation
0.5%
Utilities
0.2%
Other/Unmapped
21.8%
Full portfolio 43 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BRKA | $30,702,850 | 12.18% | 41 | $1,259,110 | |||
| BRKB | $19,663,714 | 7.80% | 39,297 | $-444,619 | Down ×1 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $14,502,268 | 5.75% | 41,045 | $3,064,449 | Up ×2 | ||
| COST Costco Wholesale Corporation - Common Stock | $13,267,447 | 5.26% | 14,183 | $-766,904 | Up ×1 | ||
| PM Philip Morris International Inc Common Stock | $12,995,519 | 5.15% | 71,834 | $1,077,354 | Down ×3 | ||
| KO Coca-Cola Company (The) Common Stock | $12,517,851 | 4.96% | 154,028 | $832,283 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $11,453,769 | 4.54% | 45,099 | $438,702 | Up ×1 | ||
| FNV Franco-Nevada Corporation | $10,097,636 | 4.00% | 48,444 | $-1,569,426 | Up ×1 | ||
| ABBV AbbVie Inc. Common Stock | $10,068,932 | 3.99% | 40,013 | $1,368,012 | Up ×1 | ||
| MCD McDonald's Corporation Common Stock | $9,524,063 | 3.78% | 35,234 | $-1,385,794 | Up ×4 | ||
| PEP PepsiCo, Inc. - Common Stock | $9,226,618 | 3.66% | 68,143 | $-1,098,959 | Up ×6 | ||
| ENB Enbridge Inc Common Stock | $8,765,234 | 3.48% | 161,690 | $67,299 | Up ×6 | ||
| MO Altria Group, Inc. | $8,133,233 | 3.23% | 113,040 | $654,341 | Down ×3 | ||
| PG Procter & Gamble Company (The) Common Stock | $7,786,743 | 3.09% | 53,101 | $62,900 | Down ×3 | ||
| AXP American Express Company Common Stock | $7,047,445 | 2.80% | 20,835 | $817,418 | Up ×2 | ||
| WMT Walmart Inc. - Common Stock | $6,537,866 | 2.59% | 57,724 | $-672,341 | Down ×6 | ||
| AAPL Apple Inc. - Common Stock | $6,449,434 | 2.56% | 22,289 | $848,155 | Up ×1 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $5,099,678 | 2.02% | 138,729 | $-86,408 | Up ×1 | ||
| ADI Analog Devices, Inc. - Common Stock | $4,659,336 | 1.85% | 11,731 | $927,196 | |||
| Unknown issuer (CUSIP: h1467j104) | $4,613,968 | 1.83% | 13,541 | $755,203 | Up ×6 | ||
| ABT Abbott Laboratories Common Stock | $3,974,136 | 1.58% | 43,797 | $-545,557 | Down ×1 | ||
| UNP Union Pacific Corporation Common Stock | $3,550,518 | 1.41% | 13,053 | $514,136 | Up ×2 | ||
| O Realty Income Corporation Common Stock | $3,362,387 | 1.33% | 54,267 | $122,657 | Up ×6 | ||
| VRSK Verisk Analytics, Inc. - Common Stock | $3,167,044 | 1.26% | 17,641 | $935,963 | Up ×2 | ||
| V Visa Inc. | $2,908,888 | 1.15% | 8,478 | $635,141 | Up ×5 | ||
| GPC Genuine Parts Company Common Stock | $2,790,750 | 1.11% | 23,654 | $289,431 | Up ×1 | ||
| ORLY O'Reilly Automotive, Inc. - Common Stock | $2,732,721 | 1.08% | 29,674 | $12,857 | Up ×3 | ||
| NSC Norfolk Southern Corporation Common Stock | $2,344,940 | 0.93% | 7,454 | $205,655 | |||
| YUM Yum! Brands, Inc. | $1,709,345 | 0.68% | 10,693 | $105,230 | Up ×6 | ||
| QSR Restaurant Brands International Inc. Common Shares | $1,708,562 | 0.68% | 23,563 | $378,547 | Up ×3 | ||
| HSY The Hershey Company Common Stock | $1,645,449 | 0.65% | 9,378 | $-285,201 | Up ×4 | ||
| PGR Progressive Corporation (The) Common Stock | $1,331,097 | 0.53% | 6,093 | $133,114 | Up ×5 | ||
| SHW Sherwin-Williams Company (The) Common Stock | $1,284,727 | 0.51% | 3,731 | $88,728 | |||
| WFC Wells Fargo & Company Common Stock | $1,235,686 | 0.49% | 14,953 | $42,564 | Down ×4 | ||
| NVS Novartis AG Common Stock | $1,079,925 | 0.43% | 6,891 | $36,064 | Up ×5 | ||
| EXPD Expeditors International of Washington, Inc. Common Stock | $1,056,987 | 0.42% | 6,485 | $128,153 | |||
| DEO Diageo plc Common Stock | $738,996 | 0.29% | 9,194 | $35,875 | Down ×3 | ||
| WEC WEC Energy Group, Inc. Common Stock | $623,085 | 0.25% | 5,336 | $5,336 | |||
| OKE ONEOK, Inc. Common Stock | $605,276 | 0.24% | 6,962 | $-24,019 | |||
| MCO Moody's Corporation Common Stock | $428,009 | 0.17% | 945 | $15,753 | |||
| GOOGL Alphabet Inc. - Class A Common Stock | $283,940 | 0.11% | 795 | $55,476 | Up ×1 | ||
| UPS United Parcel Service, Inc. Common Stock | $259,157 | 0.10% | 2,411 | $18,727 | Down ×6 | ||
| GLW Corning Incorporated Common Stock | $204,344 | 0.08% | 800 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| MCD | $9,524,063 | 3.78% | up ×4 |
| PEP | $9,226,618 | 3.66% | up ×6 |
| ENB | $8,765,234 | 3.48% | up ×6 |
| None | $4,613,968 | 1.83% | up ×6 |
| O | $3,362,387 | 1.33% | up ×6 |
| V | $2,908,888 | 1.15% | up ×5 |
| ORLY | $2,732,721 | 1.08% | up ×3 |
| YUM | $1,709,345 | 0.68% | up ×6 |
| QSR | $1,708,562 | 0.68% | up ×3 |
| HSY | $1,645,449 | 0.65% | up ×4 |
| PGR | $1,331,097 | 0.53% | up ×5 |
| NVS | $1,079,925 | 0.43% | up ×5 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| GLW | $204,344 | 800 | 0.08% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| GOOG | Bought more | +1K | +$3.1M |
| FNV | Bought more | +1K | -$1.6M |
| MCD | Bought more | +130 | -$1.4M |
| ABBV | Bought more | +7 | +$1.4M |
| BRKA | Price move only | +0 | +$1.3M |
| PEP | Bought more | +2K | -$1.1M |
| PM | Trimmed | -249 | +$1.1M |
| VRSK | Bought more | +6K | +$936K |
| ADI | Price move only | +0 | +$927K |
| AAPL | Bought more | +218 | +$848K |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.