HUTNER CAPITAL MANAGEMENT INC Long-Term Concentrated

Location: Manchester, VT

CIK: 0000944733 · Show all filings

Period: Q3 2018 (← Previous) (Next →)

Filing Date: Nov 2, 2018

Total Value: $138M (100.0% shares, 0.0% debt)

Holdings (45)

BRK/A Berkshire Hathaway Inc Cl A 12.8%

Value $17.6M Shares 55 Est. Cost — Unrealized —

MCD McDonald's Corp 6.4%

Value $8.79M Shares 52,546 Est. Cost — Unrealized —

JNJ Johnson & Johnson 6.2%

Value $8.52M Shares 61,665 Est. Cost — Unrealized —

BRK/B Berkshire Hathaway Inc Cl B 6.0%

Value $8.289M Shares 38,712 Est. Cost — Unrealized —

KO Coca-Cola Company 5.9%

Value $8.157M Shares 176,590 Est. Cost — Unrealized —

PEP Pepsico Inc 5.6%

Value $7.706M Shares 68,923 Est. Cost — Unrealized —

PG Procter & Gamble Co 4.6%

Value $6.359M Shares 76,403 Est. Cost — Unrealized —

MO Altria Group Inc 4.3%

Value $5.877M Shares 97,452 Est. Cost — Unrealized —

PM Philip Morris International In 4.2%

Value $5.79M Shares 71,012 Est. Cost — Unrealized —

COST Costco Whsl Corp 3.8%

Value $5.282M Shares 22,488 Est. Cost — Unrealized —

NSC Norfolk Southern Corp 3.4%

Value $4.732M Shares 26,216 Est. Cost — Unrealized —

WFC Wells Fargo & Co 3.3%

Value $4.485M Shares 85,326 Est. Cost — Unrealized —

DEO Diageo PLC Sponsored ADR New 3.2%

Value $4.347M Shares 30,687 Est. Cost — Unrealized —

— Anheuser-Busch Inbev SA/NV 2.7%

Value $3.775M Shares 43,106 Est. Cost — Unrealized —

KHC Kraft Heinz Co 2.6%

Value $3.629M Shares 65,856 Est. Cost — Unrealized —

ABT Abbott Labs 2.6%

Value $3.617M Shares 49,310 Est. Cost — Unrealized —

AXP American Express Company 2.4%

Value $3.327M Shares 31,239 Est. Cost — Unrealized —

WMT Wal Mart Stores Inc 2.0%

Value $2.798M Shares 29,791 Est. Cost — Unrealized —

GPC Genuine Parts Co 2.0%

Value $2.79M Shares 28,071 Est. Cost — Unrealized —

— Restaurant Brands Internationa 2.0%

Value $2.746M Shares 46,320 Est. Cost — Unrealized —

EPD Enterprise Prods Partners LP 1.9%

Value $2.629M Shares 91,524 Est. Cost — Unrealized —

— AbbVie Inc 1.7%

Value $2.39M Shares 25,265 Est. Cost — Unrealized —

VRSK Verisk Analytics 1.4%

Value $1.947M Shares 16,153 Est. Cost — Unrealized —

O Realty Income Corp 1.3%

Value $1.73M Shares 30,418 Est. Cost — Unrealized —

UPS United Parcel Svc Inc Cl B 1.2%

Value $1.59M Shares 13,617 Est. Cost — Unrealized —

MDLZ Mondelez International Inc 0.7%

Value $937K Shares 21,811 Est. Cost — Unrealized —

— Enbridge Energy Partners LP 0.6%

Value $838K Shares 76,277 Est. Cost — Unrealized —

UNP Union Pacific Corp 0.6%

Value $761K Shares 4,671 Est. Cost — Unrealized —

BTI British American Tobacco 0.5%

Value $721K Shares 15,465 Est. Cost — Unrealized —

ENB Enbridge Inc 0.5%

Value $704K Shares 21,811 Est. Cost — Unrealized —

— Kinder Morgan Srs A Mandatory 0.5%

Value $633K Shares 19,043 Est. Cost — Unrealized —

— Magellan Midstream Partners LP 0.4%

Value $527K Shares 7,785 Est. Cost — Unrealized —

— Store Capital 0.3%

Value $471K Shares 16,945 Est. Cost — Unrealized —

MTB M & T Bank Corp 0.2%

Value $343K Shares 2,086 Est. Cost — Unrealized —

EXPD Expeditors International 0.2%

Value $337K Shares 4,580 Est. Cost — Unrealized —

— Wells Fargo & Co Warrant Exp 1 0.2%

Value $336K Shares 17,455 Est. Cost — Unrealized —

NGG National Grid PLC Sponsored AD 0.2%

Value $317K Shares 6,114 Est. Cost — Unrealized —

AAPL Apple Computer Inc 0.2%

Value $260K Shares 1,150 Est. Cost — Unrealized —

HSY Hershey Food Corp 0.2%

Value $259K Shares 2,541 Est. Cost — Unrealized —

WEC WEC Energy Group Inc 0.2%

Value $255K Shares 3,825 Est. Cost — Unrealized —

— Unilever PLC 0.2%

Value $254K Shares 4,615 Est. Cost — Unrealized —

XOM Exxon Mobil Corp 0.2%

Value $251K Shares 2,948 Est. Cost — Unrealized —

BAX Baxter International 0.2%

Value $244K Shares 3,160 Est. Cost — Unrealized —

— Enbridge Energy Management LLC 0.2%

Value $243K Shares 22,256 Est. Cost — Unrealized —

IBM International Business Machine 0.2%

Value $220K Shares 1,455 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc Cl A	55	$17.6M	12.8%	—	—	COM	084670108
MCD	McDonald's Corp	52,546	$8.79M	6.4%	—	—	COM	580135101
JNJ	Johnson & Johnson	61,665	$8.52M	6.2%	—	—	COM	478160104
BRK/B	Berkshire Hathaway Inc Cl B	38,712	$8.289M	6.0%	—	—	COM	084670702
KO	Coca-Cola Company	176,590	$8.157M	5.9%	—	—	COM	191216100
PEP	Pepsico Inc	68,923	$7.706M	5.6%	—	—	COM	713448108
PG	Procter & Gamble Co	76,403	$6.359M	4.6%	—	—	COM	742718109
MO	Altria Group Inc	97,452	$5.877M	4.3%	—	—	COM	02209S103
PM	Philip Morris International In	71,012	$5.79M	4.2%	—	—	COM	718172109
COST	Costco Whsl Corp	22,488	$5.282M	3.8%	—	—	COM	22160K105
NSC	Norfolk Southern Corp	26,216	$4.732M	3.4%	—	—	COM	655844108
WFC	Wells Fargo & Co	85,326	$4.485M	3.3%	—	—	COM	949746101
DEO	Diageo PLC Sponsored ADR New	30,687	$4.347M	3.2%	—	—	ADR	25243Q205
—	Anheuser-Busch Inbev SA/NV	43,106	$3.775M	2.7%	—	—	ADR	03524a108
KHC	Kraft Heinz Co	65,856	$3.629M	2.6%	—	—	COM	500754106
ABT	Abbott Labs	49,310	$3.617M	2.6%	—	—	COM	002824100
AXP	American Express Company	31,239	$3.327M	2.4%	—	—	COM	025816109
WMT	Wal Mart Stores Inc	29,791	$2.798M	2.0%	—	—	COM	931142103
GPC	Genuine Parts Co	28,071	$2.79M	2.0%	—	—	COM	372460105
—	Restaurant Brands Internationa	46,320	$2.746M	2.0%	—	—	COM	76131d103
EPD	Enterprise Prods Partners LP	91,524	$2.629M	1.9%	—	—	COM	293792107
—	AbbVie Inc	25,265	$2.39M	1.7%	—	—	COM	00287y109
VRSK	Verisk Analytics	16,153	$1.947M	1.4%	—	—	COM	92345Y106
O	Realty Income Corp	30,418	$1.73M	1.3%	—	—	COM	756109104
UPS	United Parcel Svc Inc Cl B	13,617	$1.59M	1.2%	—	—	COM	911312106
MDLZ	Mondelez International Inc	21,811	$937K	0.7%	—	—	COM	609207105
—	Enbridge Energy Partners LP	76,277	$838K	0.6%	—	—	COM	29250R106
UNP	Union Pacific Corp	4,671	$761K	0.6%	—	—	COM	907818108
BTI	British American Tobacco	15,465	$721K	0.5%	—	—	ADR	110448107
ENB	Enbridge Inc	21,811	$704K	0.5%	—	—	COM	29250N105
—	Kinder Morgan Srs A Mandatory	19,043	$633K	0.5%	—	—	PFD	49456B200
—	Magellan Midstream Partners LP	7,785	$527K	0.4%	—	—	COM	559080106
—	Store Capital	16,945	$471K	0.3%	—	—	COM	862121100
MTB	M & T Bank Corp	2,086	$343K	0.2%	—	—	COM	55261F104
EXPD	Expeditors International	4,580	$337K	0.2%	—	—	COM	302130109
—	Wells Fargo & Co Warrant Exp 1	17,455	$336K	0.2%	—	—	WT	949746119
NGG	National Grid PLC Sponsored AD	6,114	$317K	0.2%	—	—	ADR	636274409
AAPL	Apple Computer Inc	1,150	$260K	0.2%	—	—	COM	037833100
HSY	Hershey Food Corp	2,541	$259K	0.2%	—	—	COM	427866108
WEC	WEC Energy Group Inc	3,825	$255K	0.2%	—	—	COM	92939U106
—	Unilever PLC	4,615	$254K	0.2%	—	—	ADR	904767704
XOM	Exxon Mobil Corp	2,948	$251K	0.2%	—	—	COM	30231G102
BAX	Baxter International	3,160	$244K	0.2%	—	—	COM	071813109
—	Enbridge Energy Management LLC	22,256	$243K	0.2%	—	—	COM	29250x103
IBM	International Business Machine	1,455	$220K	0.2%	—	—	COM	459200101