HUTNER CAPITAL MANAGEMENT INC Long-Term Concentrated

Location: Manchester, VT

CIK: 0000944733 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: Feb 15, 2017

Total Value: $121M (100.0% shares, 0.0% debt)

Holdings (43)

BRK/A Berkshire Hathaway Inc Cl A 11.5%

Value $13.91M Shares 57 Est. Cost — Unrealized —

KO Coca-Cola Company 7.0%

Value $8.444M Shares 203,659 Est. Cost — Unrealized —

JNJ Johnson & Johnson Com 5.9%

Value $7.078M Shares 61,435 Est. Cost — Unrealized —

PEP Pepsico Inc 5.7%

Value $6.837M Shares 65,343 Est. Cost — Unrealized —

BRK/B Berkshire Hathaway Inc Cl B 5.7%

Value $6.823M Shares 41,861 Est. Cost — Unrealized —

MCD McDonald's Corp 5.3%

Value $6.443M Shares 52,931 Est. Cost — Unrealized —

PG Procter & Gamble Co 5.3%

Value $6.375M Shares 75,823 Est. Cost — Unrealized —

MO Altria Group Inc Com 5.0%

Value $6.06M Shares 89,615 Est. Cost — Unrealized —

PM Philip Morris International In 4.4%

Value $5.348M Shares 58,450 Est. Cost — Unrealized —

WFC Wells Fargo & Co New Com 4.2%

Value $5.109M Shares 92,702 Est. Cost — Unrealized —

KHC Kraft Heinz Co 3.3%

Value $3.938M Shares 45,097 Est. Cost — Unrealized —

COST Costco Whsl Corp New Com 3.1%

Value $3.748M Shares 23,407 Est. Cost — Unrealized —

— Anheuser-Busch Inbev SA/NV 3.0%

Value $3.586M Shares 34,007 Est. Cost — Unrealized —

IBM International Business Machine 2.7%

Value $3.29M Shares 19,823 Est. Cost — Unrealized —

DEO Diageo PLC Sponsored ADR New 2.6%

Value $3.076M Shares 29,592 Est. Cost — Unrealized —

NSC Norfolk Southern Corp 2.4%

Value $2.929M Shares 27,107 Est. Cost — Unrealized —

WMT Wal Mart Stores Inc 2.2%

Value $2.624M Shares 37,969 Est. Cost — Unrealized —

AXP American Express Company 2.1%

Value $2.498M Shares 33,717 Est. Cost — Unrealized —

EPD Enterprise Prods Partners LP C 1.8%

Value $2.172M Shares 80,309 Est. Cost — Unrealized —

GPC Genuine Parts Co 1.8%

Value $2.16M Shares 22,605 Est. Cost — Unrealized —

— Enbridge Energy Partners LP Co 1.7%

Value $2.093M Shares 82,135 Est. Cost — Unrealized —

— National Grid PLC Sponsored AD 1.4%

Value $1.746M Shares 29,927 Est. Cost — Unrealized —

— AbbVie Inc 1.4%

Value $1.69M Shares 26,992 Est. Cost — Unrealized —

VRSK Verisk Analytics 1.3%

Value $1.599M Shares 19,703 Est. Cost — Unrealized —

ABT Abbott Labs 1.3%

Value $1.544M Shares 40,210 Est. Cost — Unrealized —

— Kinder Morgan Srs A Mandatory 1.2%

Value $1.416M Shares 29,100 Est. Cost — Unrealized —

MDLZ Mondelez International Inc 1.1%

Value $1.345M Shares 30,344 Est. Cost — Unrealized —

UPS United Parcel Svc Inc Cl B 0.7%

Value $837K Shares 7,298 Est. Cost — Unrealized —

BTI British American Tobacco 0.7%

Value $816K Shares 7,240 Est. Cost — Unrealized —

XOM Exxon Mobil Corp Com 0.5%

Value $622K Shares 6,893 Est. Cost — Unrealized —

— Enbridge Energy Management LLC 0.5%

Value $596K Shares 23,029 Est. Cost — Unrealized —

MTB M & T Bank Corp 0.4%

Value $498K Shares 3,181 Est. Cost — Unrealized —

— Restaurant Brands Internationa 0.4%

Value $491K Shares 10,290 Est. Cost — Unrealized —

CVS CVS Health 0.4%

Value $448K Shares 5,672 Est. Cost — Unrealized —

— Vectren Corp Com 0.3%

Value $383K Shares 7,345 Est. Cost — Unrealized —

— Magellan Midstream Partners LP 0.3%

Value $340K Shares 4,500 Est. Cost — Unrealized —

O Realty Income Corp 0.3%

Value $339K Shares 5,900 Est. Cost — Unrealized —

UNP Union Pacific Corp 0.2%

Value $300K Shares 2,895 Est. Cost — Unrealized —

— Unilever PLC 0.2%

Value $278K Shares 6,841 Est. Cost — Unrealized —

— Wells Fargo & Co Warrant Exp 1 0.2%

Value $250K Shares 11,725 Est. Cost — Unrealized —

EXPD Expeditors International 0.2%

Value $243K Shares 4,580 Est. Cost — Unrealized —

WEC WEC Energy Group Inc 0.2%

Value $234K Shares 3,990 Est. Cost — Unrealized —

— Kinder Morgan Inc Del Wt Exp 5 0.0%

Value $0 Shares 51,950 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc Cl A	57	$13.91M	11.5%	—	—	COM	084670108
KO	Coca-Cola Company	203,659	$8.444M	7.0%	—	—	COM	191216100
JNJ	Johnson & Johnson Com	61,435	$7.078M	5.9%	—	—	COM	478160104
PEP	Pepsico Inc	65,343	$6.837M	5.7%	—	—	COM	713448108
BRK/B	Berkshire Hathaway Inc Cl B	41,861	$6.823M	5.7%	—	—	COM	084670702
MCD	McDonald's Corp	52,931	$6.443M	5.3%	—	—	COM	580135101
PG	Procter & Gamble Co	75,823	$6.375M	5.3%	—	—	COM	742718109
MO	Altria Group Inc Com	89,615	$6.06M	5.0%	—	—	COM	02209S103
PM	Philip Morris International In	58,450	$5.348M	4.4%	—	—	COM	718172109
WFC	Wells Fargo & Co New Com	92,702	$5.109M	4.2%	—	—	COM	949746101
KHC	Kraft Heinz Co	45,097	$3.938M	3.3%	—	—	COM	500754106
COST	Costco Whsl Corp New Com	23,407	$3.748M	3.1%	—	—	COM	22160K105
—	Anheuser-Busch Inbev SA/NV	34,007	$3.586M	3.0%	—	—	ADR	03524a108
IBM	International Business Machine	19,823	$3.29M	2.7%	—	—	COM	459200101
DEO	Diageo PLC Sponsored ADR New	29,592	$3.076M	2.6%	—	—	ADR	25243Q205
NSC	Norfolk Southern Corp	27,107	$2.929M	2.4%	—	—	COM	655844108
WMT	Wal Mart Stores Inc	37,969	$2.624M	2.2%	—	—	COM	931142103
AXP	American Express Company	33,717	$2.498M	2.1%	—	—	COM	025816109
EPD	Enterprise Prods Partners LP C	80,309	$2.172M	1.8%	—	—	COM	293792107
GPC	Genuine Parts Co	22,605	$2.16M	1.8%	—	—	COM	372460105
—	Enbridge Energy Partners LP Co	82,135	$2.093M	1.7%	—	—	COM	29250R106
—	National Grid PLC Sponsored AD	29,927	$1.746M	1.4%	—	—	ADR	636274300
—	AbbVie Inc	26,992	$1.69M	1.4%	—	—	COM	00287y109
VRSK	Verisk Analytics	19,703	$1.599M	1.3%	—	—	COM	92345Y106
ABT	Abbott Labs	40,210	$1.544M	1.3%	—	—	COM	002824100
—	Kinder Morgan Srs A Mandatory	29,100	$1.416M	1.2%	—	—	PFD	49456B200
MDLZ	Mondelez International Inc	30,344	$1.345M	1.1%	—	—	COM	609207105
UPS	United Parcel Svc Inc Cl B	7,298	$837K	0.7%	—	—	COM	911312106
BTI	British American Tobacco	7,240	$816K	0.7%	—	—	ADR	110448107
XOM	Exxon Mobil Corp Com	6,893	$622K	0.5%	—	—	COM	30231G102
—	Enbridge Energy Management LLC	23,029	$596K	0.5%	—	—	COM	29250x103
MTB	M & T Bank Corp	3,181	$498K	0.4%	—	—	COM	55261F104
—	Restaurant Brands Internationa	10,290	$491K	0.4%	—	—	COM	76131d103
CVS	CVS Health	5,672	$448K	0.4%	—	—	COM	126650100
—	Vectren Corp Com	7,345	$383K	0.3%	—	—	COM	92240G101
—	Magellan Midstream Partners LP	4,500	$340K	0.3%	—	—	COM	559080106
O	Realty Income Corp	5,900	$339K	0.3%	—	—	COM	756109104
UNP	Union Pacific Corp	2,895	$300K	0.2%	—	—	COM	907818108
—	Unilever PLC	6,841	$278K	0.2%	—	—	ADR	904767704
—	Wells Fargo & Co Warrant Exp 1	11,725	$250K	0.2%	—	—	WT	949746119
EXPD	Expeditors International	4,580	$243K	0.2%	—	—	COM	302130109
WEC	WEC Energy Group Inc	3,990	$234K	0.2%	—	—	COM	92939U106
—	Kinder Morgan Inc Del Wt Exp 5	51,950	$0	0.0%	—	—	WT	49456b119