HUTNER CAPITAL MANAGEMENT INC Long-Term Concentrated

Location: Manchester, VT

CIK: 0000944733 · Show all filings

Period: Q3 2016 (Next →)

Filing Date: Nov 15, 2016

Total Value: $118M (100.0% shares, 0.0% debt)

Holdings (42)

BRK/A Berkshire Hathaway Inc Cl A 10.5%

Value $12.32M Shares 57 Est. Cost — Unrealized —

KO Coca-Cola Company 7.3%

Value $8.586M Shares 202,888 Est. Cost — Unrealized —

JNJ Johnson & Johnson Com 6.1%

Value $7.146M Shares 60,492 Est. Cost — Unrealized —

PEP Pepsico Inc 5.9%

Value $6.99M Shares 64,268 Est. Cost — Unrealized —

PG Procter & Gamble Co 5.8%

Value $6.803M Shares 75,803 Est. Cost — Unrealized —

BRK/B Berkshire Hathaway Inc Cl B 5.1%

Value $5.969M Shares 41,316 Est. Cost — Unrealized —

MCD McDonald's Corp 5.1%

Value $5.963M Shares 51,691 Est. Cost — Unrealized —

MO Altria Group Inc Com 4.7%

Value $5.549M Shares 87,760 Est. Cost — Unrealized —

PM Philip Morris International In 4.6%

Value $5.449M Shares 56,050 Est. Cost — Unrealized —

— Anheuser-Busch Inbev SA/NV 3.5%

Value $4.168M Shares 31,717 Est. Cost — Unrealized —

WFC Wells Fargo & Co New Com 3.4%

Value $4.053M Shares 91,527 Est. Cost — Unrealized —

KHC Kraft Heinz Co 3.2%

Value $3.793M Shares 42,377 Est. Cost — Unrealized —

COST Costco Whsl Corp New Com 3.0%

Value $3.576M Shares 23,447 Est. Cost — Unrealized —

DEO Diageo PLC Sponsored ADR New 2.9%

Value $3.371M Shares 29,047 Est. Cost — Unrealized —

IBM International Business Machine 2.7%

Value $3.166M Shares 19,933 Est. Cost — Unrealized —

WMT Wal Mart Stores Inc 2.4%

Value $2.856M Shares 39,599 Est. Cost — Unrealized —

NSC Norfolk Southern Corp 2.3%

Value $2.672M Shares 27,532 Est. Cost — Unrealized —

AXP American Express Company 2.0%

Value $2.317M Shares 36,187 Est. Cost — Unrealized —

GPC Genuine Parts Co 1.9%

Value $2.259M Shares 22,490 Est. Cost — Unrealized —

EPD Enterprise Prods Partners LP C 1.8%

Value $2.171M Shares 78,579 Est. Cost — Unrealized —

— National Grid PLC Sponsored AD 1.8%

Value $2.128M Shares 29,927 Est. Cost — Unrealized —

— Enbridge Energy Partners LP Co 1.7%

Value $2.032M Shares 79,900 Est. Cost — Unrealized —

ABT Abbott Labs 1.6%

Value $1.866M Shares 44,115 Est. Cost — Unrealized —

— AbbVie Inc 1.5%

Value $1.788M Shares 28,342 Est. Cost — Unrealized —

VRSK Verisk Analytics 1.5%

Value $1.788M Shares 22,003 Est. Cost — Unrealized —

MDLZ Mondelez International Inc 1.1%

Value $1.354M Shares 30,844 Est. Cost — Unrealized —

— Kinder Morgan 9.75% Srs A Mand 1.1%

Value $1.353M Shares 27,025 Est. Cost — Unrealized —

BTI British American Tobacco 0.7%

Value $871K Shares 6,820 Est. Cost — Unrealized —

XOM Exxon Mobil Corp Com 0.6%

Value $747K Shares 8,558 Est. Cost — Unrealized —

UPS United Parcel Svc Inc Cl B 0.6%

Value $720K Shares 6,583 Est. Cost — Unrealized —

— Enbridge Energy Management LLC 0.5%

Value $560K Shares 22,031 Est. Cost — Unrealized —

CVS CVS Health 0.5%

Value $548K Shares 6,161 Est. Cost — Unrealized —

— Restaurant Brands Internationa 0.4%

Value $425K Shares 9,555 Est. Cost — Unrealized —

MTB M & T Bank Corp 0.3%

Value $397K Shares 3,422 Est. Cost — Unrealized —

O Realty Income Corp 0.3%

Value $395K Shares 5,900 Est. Cost — Unrealized —

— Vectren Corp Com 0.3%

Value $369K Shares 7,345 Est. Cost — Unrealized —

— Unilever PLC 0.3%

Value $324K Shares 6,841 Est. Cost — Unrealized —

— Magellan Midstream Partners LP 0.3%

Value $318K Shares 4,500 Est. Cost — Unrealized —

EXPD Expeditors International 0.2%

Value $259K Shares 5,030 Est. Cost — Unrealized —

WEC WEC Energy Group Inc 0.2%

Value $249K Shares 4,165 Est. Cost — Unrealized —

— Wells Fargo & Co Warrant Exp 1 0.1%

Value $140K Shares 11,225 Est. Cost — Unrealized —

— Kinder Morgan Inc Del Wt Exp 5 0.0%

Value $1,000 Shares 51,950 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc Cl A	57	$12.32M	10.5%	—	—	COM	084670108
KO	Coca-Cola Company	202,888	$8.586M	7.3%	—	—	COM	191216100
JNJ	Johnson & Johnson Com	60,492	$7.146M	6.1%	—	—	COM	478160104
PEP	Pepsico Inc	64,268	$6.99M	5.9%	—	—	COM	713448108
PG	Procter & Gamble Co	75,803	$6.803M	5.8%	—	—	COM	742718109
BRK/B	Berkshire Hathaway Inc Cl B	41,316	$5.969M	5.1%	—	—	COM	084670702
MCD	McDonald's Corp	51,691	$5.963M	5.1%	—	—	COM	580135101
MO	Altria Group Inc Com	87,760	$5.549M	4.7%	—	—	COM	02209S103
PM	Philip Morris International In	56,050	$5.449M	4.6%	—	—	COM	718172109
—	Anheuser-Busch Inbev SA/NV	31,717	$4.168M	3.5%	—	—	ADR	03524a108
WFC	Wells Fargo & Co New Com	91,527	$4.053M	3.4%	—	—	COM	949746101
KHC	Kraft Heinz Co	42,377	$3.793M	3.2%	—	—	COM	500754106
COST	Costco Whsl Corp New Com	23,447	$3.576M	3.0%	—	—	COM	22160K105
DEO	Diageo PLC Sponsored ADR New	29,047	$3.371M	2.9%	—	—	ADR	25243Q205
IBM	International Business Machine	19,933	$3.166M	2.7%	—	—	COM	459200101
WMT	Wal Mart Stores Inc	39,599	$2.856M	2.4%	—	—	COM	931142103
NSC	Norfolk Southern Corp	27,532	$2.672M	2.3%	—	—	COM	655844108
AXP	American Express Company	36,187	$2.317M	2.0%	—	—	COM	025816109
GPC	Genuine Parts Co	22,490	$2.259M	1.9%	—	—	COM	372460105
EPD	Enterprise Prods Partners LP C	78,579	$2.171M	1.8%	—	—	COM	293792107
—	National Grid PLC Sponsored AD	29,927	$2.128M	1.8%	—	—	ADR	636274300
—	Enbridge Energy Partners LP Co	79,900	$2.032M	1.7%	—	—	COM	29250R106
ABT	Abbott Labs	44,115	$1.866M	1.6%	—	—	COM	002824100
—	AbbVie Inc	28,342	$1.788M	1.5%	—	—	COM	00287y109
VRSK	Verisk Analytics	22,003	$1.788M	1.5%	—	—	COM	92345Y106
MDLZ	Mondelez International Inc	30,844	$1.354M	1.1%	—	—	COM	609207105
—	Kinder Morgan 9.75% Srs A Mand	27,025	$1.353M	1.1%	—	—	PFD	49456B200
BTI	British American Tobacco	6,820	$871K	0.7%	—	—	ADR	110448107
XOM	Exxon Mobil Corp Com	8,558	$747K	0.6%	—	—	COM	30231G102
UPS	United Parcel Svc Inc Cl B	6,583	$720K	0.6%	—	—	COM	911312106
—	Enbridge Energy Management LLC	22,031	$560K	0.5%	—	—	COM	29250x103
CVS	CVS Health	6,161	$548K	0.5%	—	—	COM	126650100
—	Restaurant Brands Internationa	9,555	$425K	0.4%	—	—	COM	76131d103
MTB	M & T Bank Corp	3,422	$397K	0.3%	—	—	COM	55261F104
O	Realty Income Corp	5,900	$395K	0.3%	—	—	COM	756109104
—	Vectren Corp Com	7,345	$369K	0.3%	—	—	COM	92240G101
—	Unilever PLC	6,841	$324K	0.3%	—	—	ADR	904767704
—	Magellan Midstream Partners LP	4,500	$318K	0.3%	—	—	COM	559080106
EXPD	Expeditors International	5,030	$259K	0.2%	—	—	COM	302130109
WEC	WEC Energy Group Inc	4,165	$249K	0.2%	—	—	COM	92939U106
—	Wells Fargo & Co Warrant Exp 1	11,225	$140K	0.1%	—	—	WT	949746119
—	Kinder Morgan Inc Del Wt Exp 5	51,950	$1,000	0.0%	—	—	WT	49456b119