Q3 2025 · 13F-HR
HUTNER CAPITAL MANAGEMENT INCholdings as filed
Filed 2025-11-13 · accession 0000944733-25-000006
$236.4M
Reported value
44
Positions
2025-09-30
Period end
The Brief · HUTNER CAPITAL MANAGEMENT INC · Q3 2025
AI · grounded in 13F
HUTNER CAPITAL MANAGEMENT INC established a new position in Berkshire Hathaway Inc Cl A BRK/A valued at $30.9M. The fund also initiated new stakes in Berkshire Hathaway Inc Cl B BRK/B for $21.2M and Costco Whsl Corp COST for $13.1M. Additional new positions include Philip Morris International In PM at $12M and McDonald's Corp MCD at $10.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 084670108 | BRK/A | Berkshire Hathaway Inc Cl A | $30.9M | 13.1% | 41 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $21.2M | 8.97% | 42,201 | Common | SOLE |
| 22160K105 | COST | Costco Whsl Corp | $13.1M | 5.56% | 14,191 | Common | SOLE |
| 718172109 | PM | Philip Morris International In | $12.0M | 5.08% | 74,067 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp | $10.5M | 4.45% | 34,647 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp | $10.4M | 4.41% | 46,767 | Common | SOLE |
| 191216100 | KO | Coca-Cola Company | $10.3M | 4.35% | 155,194 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $9.8M | 4.13% | 42,120 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc Class C | $9.7M | 4.09% | 39,696 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc | $8.8M | 3.71% | 62,473 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co | $8.3M | 3.51% | 53,941 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $8.2M | 3.46% | 44,164 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $7.8M | 3.30% | 154,684 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc | $7.5M | 3.19% | 114,174 | Common | SOLE |
| 025816109 | AXP | American Express Company | $6.9M | 2.90% | 20,660 | Common | SOLE |
| 931142103 | WMT | Walmart Inc | $6.2M | 2.61% | 59,834 | Common | SOLE |
| 002824100 | ABT | Abbott Labs | $5.8M | 2.45% | 43,162 | Common | SOLE |
| 037833100 | AAPL | Apple Inc | $5.6M | 2.38% | 22,117 | Common | SOLE |
| 293792107 | EPD | Enterprise Prods Partners LP | $4.3M | 1.82% | 137,784 | Common | SOLE |
| 372460105 | GPC | Genuine Parts Co | $3.5M | 1.46% | 24,899 | Common | SOLE |
| 67103H107 | ORLY | O'Reilly Automotive Inc | $3.1M | 1.30% | 28,588 | Common | SOLE |
| h1467j104 | — | Chubb Limited | $3.0M | 1.25% | 10,471 | Common | SOLE |
| 756109104 | O | Realty Income Corp | $2.9M | 1.24% | 48,206 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $2.9M | 1.23% | 12,326 | Common | SOLE |
| 92345Y106 | VRSK | Verisk Analytics | $2.8M | 1.19% | 11,200 | Common | SOLE |
| 032654105 | ADI | Analog Devices Inc | $2.8M | 1.17% | 11,278 | Common | SOLE |
| 655844108 | NSC | Norfolk Southern Corp | $2.2M | 0.95% | 7,454 | Common | SOLE |
| 92826C839 | V | Visa Inc | $1.7M | 0.72% | 5,020 | Common | SOLE |
| 25243Q205 | DEO | Diageo PLC Sponsored ADR | $1.6M | 0.68% | 16,768 | Common | SOLE |
| 427866108 | HSY | Hershey Company | $1.6M | 0.67% | 8,518 | Common | SOLE |
| 743315103 | PGR | Progressive Corp | $1.4M | 0.58% | 5,540 | Common | SOLE |
| 949746101 | WMT2 | Wells Fargo & Co | $1.3M | 0.54% | 15,104 | Common | SOLE |
| 682680103 | OKE | Oneok, Inc | $1.2M | 0.50% | 16,047 | Common | SOLE |
| 988498101 | YUM | Yum Brands Inc | $1.2M | 0.50% | 7,703 | Common | SOLE |
| 824348106 | SHW | Sherwin-Williams Co. | $1.1M | 0.46% | 3,111 | Common | SOLE |
| 76131D103 | QSR | Restaurant Brands Internationa | $1.0M | 0.43% | 15,786 | Common | SOLE |
| 66987V109 | NVS | Novartis International AG ADR | $824,935 | 0.35% | 6,433 | Common | SOLE |
| 302130109 | EXPD | Expeditors International | $798,849 | 0.34% | 6,516 | Common | SOLE |
| 92939U106 | WEC | WEC Energy Group Inc | $621,880 | 0.26% | 5,427 | Common | SOLE |
| 615369105 | MCO | Moody's Corp | $450,274 | 0.19% | 945 | Common | SOLE |
| 98978v103 | — | Zoetis Inc Cl A | $399,325 | 0.17% | 2,729 | Common | SOLE |
| 911312106 | UPS | United Parcel Svc Inc Cl B | $366,550 | 0.16% | 4,388 | Common | SOLE |
| 03027X100 | AMT | American Tower Systems Corp Cl | $290,358 | 0.12% | 1,510 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc | $212,273 | 0.09% | 3,398 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.