Hutner Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Hutner Capital Management reported a $252M portfolio of 41 companies (43 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are BRK/A, GOOG, COST.
Sections with a free account
What changed this quarter
18 positions with a change (1 new, 12 added to, 3 trimmed, 2 sold). 1 is listed here: those of 0.5 points of the portfolio or more (up to 12).
- Berkshire Hathaway−6.4%fewer sharesReduced8.3% → 7.8%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Berkshire HathawayBRK/A · BRK/B20.0%
- AlphabetGOOG · GOOGL5.9%
- Costco WholesaleCOST5.3%
- Philip Morris InternationalPM5.2%
- Coca-ColaKO5.0%
- Johnson & JohnsonJNJ4.5%
- Franco NevadaFNV4.0%
- AbbVieABBV4.0%
- McDONALD’SMCD3.8%
- PepsicoPEP3.7%
- EnbridgeENB3.5%
- Altria GroupMO3.2%
- Procter & GamblePG3.1%
- American ExpressAXP2.8%
- WalmartWMT2.6%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Consumer Staples 29%
- ● Financials 27%
- ● Health Care 11%
- ● Consumer Discretionary 7%
- ● Communication Services 6%
- ● Energy 6%
- ● Materials 5%
- ● Information Technology 4%
- ● Industrials 4%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q2 2026: 43
Q2 2026: 57%
Q2 2026: 1.1%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 30, 2026 (medium confidence).
The data, as reported: HUTNER CAPITAL MANAGEMENT INC. (CRD 107896): 5.D assets by client type: high net worth 62%, pooled vehicles 30%, corporations 5% (of $271M); 5.F 122 accounts, 0% non-discretionary; 5.D 120 clients, 109 individuals; no financial planning, adviser selection or non-discretionary assets: discretionary accounts
The type comes from a rule applied to that data. If it looks wrong, tell us.
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