Q4 2025 · 13F-HR
HUTNER CAPITAL MANAGEMENT INCholdings as filed
Filed 2026-02-17 · accession 0000944733-26-000001
$239.6M
Reported value
44
Positions
2025-12-31
Period end
The Brief · HUTNER CAPITAL MANAGEMENT INC · Q4 2025
AI · grounded in 13F
Hutner Capital Management Inc increased its position in V by 37.91%. The fund also accumulated shares in Chubb Limited by 7.71% and PEP by 4.39%. Conversely, the fund reduced its holding in OKE by 56.61%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 084670108 | BRK/A | Berkshire Hathaway Inc Cl A | $30.9M | 12.9% | 41 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $21.1M | 8.79% | 41,919 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc Class C | $12.4M | 5.19% | 39,654 | Common | SOLE |
| 22160K105 | COST | Costco Whsl Corp | $12.2M | 5.07% | 14,094 | Common | SOLE |
| 718172109 | PM | Philip Morris International In | $11.8M | 4.93% | 73,603 | Common | SOLE |
| 191216100 | KO | Coca-Cola Company | $10.8M | 4.49% | 153,961 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp | $10.7M | 4.46% | 34,955 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp | $9.8M | 4.09% | 47,233 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $9.6M | 3.99% | 41,872 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc | $9.4M | 3.91% | 65,214 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $9.4M | 3.91% | 45,214 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co | $7.7M | 3.22% | 53,814 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $7.6M | 3.19% | 159,798 | Common | SOLE |
| 025816109 | AXP | American Express Company | $7.6M | 3.15% | 20,409 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc | $6.5M | 2.73% | 113,534 | Common | SOLE |
| 931142103 | WMT | Walmart Inc | $6.5M | 2.71% | 58,185 | Common | SOLE |
| 037833100 | AAPL | Apple Inc | $6.0M | 2.51% | 22,085 | Common | SOLE |
| 002824100 | ABT | Abbott Labs | $5.5M | 2.30% | 43,996 | Common | SOLE |
| 293792107 | EPD | Enterprise Prods Partners LP | $4.4M | 1.83% | 137,053 | Common | SOLE |
| h1467j104 | — | Chubb Limited | $3.5M | 1.47% | 11,278 | Common | SOLE |
| 032654105 | ADI | Analog Devices Inc | $3.2M | 1.33% | 11,741 | Common | SOLE |
| 372460105 | GPC | Genuine Parts Co | $3.1M | 1.28% | 25,028 | Common | SOLE |
| 756109104 | O | Realty Income Corp | $2.9M | 1.21% | 51,541 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $2.8M | 1.19% | 12,276 | Common | SOLE |
| 67103H107 | ORLY | O'Reilly Automotive Inc | $2.7M | 1.12% | 29,395 | Common | SOLE |
| 92345Y106 | VRSK | Verisk Analytics | $2.5M | 1.05% | 11,200 | Common | SOLE |
| 92826C839 | V | Visa Inc | $2.4M | 1.01% | 6,923 | Common | SOLE |
| 655844108 | NSC | Norfolk Southern Corp | $2.2M | 0.90% | 7,454 | Common | SOLE |
| 427866108 | HSY | Hershey Company | $1.7M | 0.71% | 9,284 | Common | SOLE |
| 988498101 | YUM | Yum Brands Inc | $1.5M | 0.62% | 9,801 | Common | SOLE |
| 25243Q205 | DEO | Diageo PLC Sponsored ADR | $1.4M | 0.60% | 16,606 | Common | SOLE |
| 949746101 | WMT2 | Wells Fargo & Co | $1.4M | 0.59% | 15,087 | Common | SOLE |
| 743315103 | PGR | Progressive Corp | $1.4M | 0.57% | 6,039 | Common | SOLE |
| 76131D103 | QSR | Restaurant Brands Internationa | $1.2M | 0.51% | 17,788 | Common | SOLE |
| 824348106 | SHW | Sherwin-Williams Co. | $1.2M | 0.49% | 3,605 | Common | SOLE |
| 302130109 | EXPD | Expeditors International | $967,360 | 0.40% | 6,492 | Common | SOLE |
| 66987V109 | NVS | Novartis International AG ADR | $941,893 | 0.39% | 6,832 | Common | SOLE |
| 92939U106 | WEC | WEC Energy Group Inc | $564,844 | 0.24% | 5,356 | Common | SOLE |
| 682680103 | OKE | Oneok, Inc | $511,707 | 0.21% | 6,962 | Common | SOLE |
| 615369105 | MCO | Moody's Corp | $482,753 | 0.20% | 945 | Common | SOLE |
| 911312106 | UPS | United Parcel Svc Inc Cl B | $430,533 | 0.18% | 4,340 | Common | SOLE |
| 98978v103 | — | Zoetis Inc Cl A | $343,379 | 0.14% | 2,729 | Common | SOLE |
| 03027X100 | AMT | American Tower Systems Corp Cl | $257,728 | 0.11% | 1,468 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc Class A | $248,663 | 0.10% | 794 | 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.