HUTNER CAPITAL MANAGEMENT INC Long-Term Concentrated

Location: Manchester, VT

CIK: 0000944733 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 1, 2018

Total Value: $140M (100.0% shares, 0.0% debt)

Holdings (42)

BRK/A Berkshire Hathaway Inc Cl A 11.7%

Value $16.37M Shares 55 Est. Cost — Unrealized —

MCD McDonald's Corp 6.4%

Value $8.976M Shares 52,150 Est. Cost — Unrealized —

KO Coca-Cola Company 6.3%

Value $8.77M Shares 191,162 Est. Cost — Unrealized —

JNJ Johnson & Johnson 6.2%

Value $8.649M Shares 61,906 Est. Cost — Unrealized —

BRK/B Berkshire Hathaway Inc Cl B 6.0%

Value $8.421M Shares 42,483 Est. Cost — Unrealized —

PEP Pepsico Inc 5.7%

Value $8.013M Shares 66,818 Est. Cost — Unrealized —

PG Procter & Gamble Co 4.9%

Value $6.821M Shares 74,242 Est. Cost — Unrealized —

MO Altria Group Inc 4.7%

Value $6.551M Shares 91,742 Est. Cost — Unrealized —

PM Philip Morris International In 4.5%

Value $6.278M Shares 59,422 Est. Cost — Unrealized —

WFC Wells Fargo & Co 4.0%

Value $5.678M Shares 93,595 Est. Cost — Unrealized —

— Anheuser-Busch Inbev SA/NV 3.3%

Value $4.678M Shares 41,930 Est. Cost — Unrealized —

DEO Diageo PLC Sponsored ADR New 3.2%

Value $4.54M Shares 31,092 Est. Cost — Unrealized —

KHC Kraft Heinz Co 3.2%

Value $4.484M Shares 57,668 Est. Cost — Unrealized —

COST Costco Whsl Corp 3.0%

Value $4.221M Shares 22,678 Est. Cost — Unrealized —

NSC Norfolk Southern Corp 2.7%

Value $3.853M Shares 26,590 Est. Cost — Unrealized —

AXP American Express Company 2.4%

Value $3.38M Shares 34,034 Est. Cost — Unrealized —

WMT Wal Mart Stores Inc 2.1%

Value $2.953M Shares 29,904 Est. Cost — Unrealized —

ABT Abbott Labs 2.0%

Value $2.807M Shares 49,194 Est. Cost — Unrealized —

IBM International Business Machine 1.9%

Value $2.659M Shares 17,330 Est. Cost — Unrealized —

— AbbVie Inc 1.8%

Value $2.499M Shares 25,835 Est. Cost — Unrealized —

GPC Genuine Parts Co 1.7%

Value $2.327M Shares 24,490 Est. Cost — Unrealized —

EPD Enterprise Prods Partners LP 1.6%

Value $2.273M Shares 85,724 Est. Cost — Unrealized —

VRSK Verisk Analytics 1.1%

Value $1.601M Shares 16,673 Est. Cost — Unrealized —

NGG National Grid PLC Sponsored AD 1.1%

Value $1.54M Shares 26,182 Est. Cost — Unrealized —

UPS United Parcel Svc Inc Cl B 1.1%

Value $1.476M Shares 12,391 Est. Cost — Unrealized —

— Kinder Morgan Srs A Mandatory 0.9%

Value $1.285M Shares 33,853 Est. Cost — Unrealized —

MDLZ Mondelez International Inc 0.9%

Value $1.257M Shares 29,366 Est. Cost — Unrealized —

— Enbridge Energy Partners LP 0.8%

Value $1.138M Shares 82,412 Est. Cost — Unrealized —

BTI British American Tobacco 0.7%

Value $1.004M Shares 14,980 Est. Cost — Unrealized —

O Realty Income Corp 0.7%

Value $947K Shares 16,615 Est. Cost — Unrealized —

— Restaurant Brands Internationa 0.5%

Value $635K Shares 10,290 Est. Cost — Unrealized —

UNP Union Pacific Corp 0.4%

Value $626K Shares 4,671 Est. Cost — Unrealized —

MTB M & T Bank Corp 0.4%

Value $544K Shares 3,181 Est. Cost — Unrealized —

— Vectren Corp 0.3%

Value $478K Shares 7,345 Est. Cost — Unrealized —

— Unilever PLC 0.3%

Value $446K Shares 8,058 Est. Cost — Unrealized —

XOM Exxon Mobil Corp 0.3%

Value $398K Shares 4,763 Est. Cost — Unrealized —

— Wells Fargo & Co Warrant Exp 1 0.2%

Value $329K Shares 11,975 Est. Cost — Unrealized —

— Magellan Midstream Partners LP 0.2%

Value $319K Shares 4,500 Est. Cost — Unrealized —

— Enbridge Energy Management LLC 0.2%

Value $310K Shares 23,143 Est. Cost — Unrealized —

EXPD Expeditors International 0.2%

Value $296K Shares 4,580 Est. Cost — Unrealized —

WEC WEC Energy Group Inc 0.2%

Value $254K Shares 3,825 Est. Cost — Unrealized —

BAX Baxter International 0.1%

Value $209K Shares 3,230 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc Cl A	55	$16.37M	11.7%	—	—	COM	084670108
MCD	McDonald's Corp	52,150	$8.976M	6.4%	—	—	COM	580135101
KO	Coca-Cola Company	191,162	$8.77M	6.3%	—	—	COM	191216100
JNJ	Johnson & Johnson	61,906	$8.649M	6.2%	—	—	COM	478160104
BRK/B	Berkshire Hathaway Inc Cl B	42,483	$8.421M	6.0%	—	—	COM	084670702
PEP	Pepsico Inc	66,818	$8.013M	5.7%	—	—	COM	713448108
PG	Procter & Gamble Co	74,242	$6.821M	4.9%	—	—	COM	742718109
MO	Altria Group Inc	91,742	$6.551M	4.7%	—	—	COM	02209S103
PM	Philip Morris International In	59,422	$6.278M	4.5%	—	—	COM	718172109
WFC	Wells Fargo & Co	93,595	$5.678M	4.0%	—	—	COM	949746101
—	Anheuser-Busch Inbev SA/NV	41,930	$4.678M	3.3%	—	—	ADR	03524a108
DEO	Diageo PLC Sponsored ADR New	31,092	$4.54M	3.2%	—	—	ADR	25243Q205
KHC	Kraft Heinz Co	57,668	$4.484M	3.2%	—	—	COM	500754106
COST	Costco Whsl Corp	22,678	$4.221M	3.0%	—	—	COM	22160K105
NSC	Norfolk Southern Corp	26,590	$3.853M	2.7%	—	—	COM	655844108
AXP	American Express Company	34,034	$3.38M	2.4%	—	—	COM	025816109
WMT	Wal Mart Stores Inc	29,904	$2.953M	2.1%	—	—	COM	931142103
ABT	Abbott Labs	49,194	$2.807M	2.0%	—	—	COM	002824100
IBM	International Business Machine	17,330	$2.659M	1.9%	—	—	COM	459200101
—	AbbVie Inc	25,835	$2.499M	1.8%	—	—	COM	00287y109
GPC	Genuine Parts Co	24,490	$2.327M	1.7%	—	—	COM	372460105
EPD	Enterprise Prods Partners LP	85,724	$2.273M	1.6%	—	—	COM	293792107
VRSK	Verisk Analytics	16,673	$1.601M	1.1%	—	—	COM	92345Y106
NGG	National Grid PLC Sponsored AD	26,182	$1.54M	1.1%	—	—	ADR	636274409
UPS	United Parcel Svc Inc Cl B	12,391	$1.476M	1.1%	—	—	COM	911312106
—	Kinder Morgan Srs A Mandatory	33,853	$1.285M	0.9%	—	—	PFD	49456B200
MDLZ	Mondelez International Inc	29,366	$1.257M	0.9%	—	—	COM	609207105
—	Enbridge Energy Partners LP	82,412	$1.138M	0.8%	—	—	COM	29250R106
BTI	British American Tobacco	14,980	$1.004M	0.7%	—	—	ADR	110448107
O	Realty Income Corp	16,615	$947K	0.7%	—	—	COM	756109104
—	Restaurant Brands Internationa	10,290	$635K	0.5%	—	—	COM	76131d103
UNP	Union Pacific Corp	4,671	$626K	0.4%	—	—	COM	907818108
MTB	M & T Bank Corp	3,181	$544K	0.4%	—	—	COM	55261F104
—	Vectren Corp	7,345	$478K	0.3%	—	—	COM	92240G101
—	Unilever PLC	8,058	$446K	0.3%	—	—	ADR	904767704
XOM	Exxon Mobil Corp	4,763	$398K	0.3%	—	—	COM	30231G102
—	Wells Fargo & Co Warrant Exp 1	11,975	$329K	0.2%	—	—	WT	949746119
—	Magellan Midstream Partners LP	4,500	$319K	0.2%	—	—	COM	559080106
—	Enbridge Energy Management LLC	23,143	$310K	0.2%	—	—	COM	29250x103
EXPD	Expeditors International	4,580	$296K	0.2%	—	—	COM	302130109
WEC	WEC Energy Group Inc	3,825	$254K	0.2%	—	—	COM	92939U106
BAX	Baxter International	3,230	$209K	0.1%	—	—	COM	071813109