HUTNER CAPITAL MANAGEMENT INC Long-Term Concentrated

CIK: 0000944733 · Show all filings

Period: Q3 2018 (← Previous) (Next →)

Filing Date: Nov 2, 2018

Total Value ($000): $137,813 (100.0% shares, 0.0% debt)

Holdings (45)

BRK/A Berkshire Hathaway Inc Cl A 12.8%

Value ($000) $17,600 Shares 55 Est. Cost $219349.66 Unrealized +41.2%

MCD McDonald's Corp 6.4%

Value ($000) $8,790 Shares 52,546 Est. Cost $95.06 Unrealized +41.8%

JNJ Johnson & Johnson 6.2%

Value ($000) $8,520 Shares 61,665 Est. Cost $93.52 Unrealized +15.5%

BRK/B Berkshire Hathaway Inc Cl B 6.0%

Value ($000) $8,289 Shares 38,712 Est. Cost $148.75 Unrealized +37.9%

KO Coca-Cola Company 5.9%

Value ($000) $8,157 Shares 176,590 Est. Cost $32.56 Unrealized +11.5%

PEP Pepsico Inc 5.6%

Value ($000) $7,706 Shares 68,923 Est. Cost $81.26 Unrealized +11.2%

PG Procter & Gamble Co 4.6%

Value ($000) $6,359 Shares 76,403 Est. Cost $67.61 Unrealized +0.3%

MO Altria Group Inc 4.3%

Value ($000) $5,877 Shares 97,452 Est. Cost $34.77 Unrealized -3.5%

PM Philip Morris International In 4.2%

Value ($000) $5,790 Shares 71,012 Est. Cost $61.37 Unrealized -9.6%

COST Costco Whsl Corp 3.8%

Value ($000) $5,282 Shares 22,488 Est. Cost $136.95 Unrealized +48.3%

NSC Norfolk Southern Corp 3.4%

Value ($000) $4,732 Shares 26,216 Est. Cost $75.16 Unrealized +95.8%

WFC Wells Fargo & Co 3.3%

Value ($000) $4,485 Shares 85,326 Est. Cost $36.86 Unrealized +26.2%

DEO Diageo PLC Sponsored ADR New 3.2%

Value ($000) $4,347 Shares 30,687 Est. Cost $115.82 Unrealized —

— Anheuser-Busch Inbev SA/NV 2.7%

Value ($000) $3,775 Shares 43,106 Est. Cost $125.56 Unrealized —

KHC Kraft Heinz Co 2.6%

Value ($000) $3,629 Shares 65,856 Est. Cost $56.02 Unrealized -25.4%

ABT Abbott Labs 2.6%

Value ($000) $3,617 Shares 49,310 Est. Cost $37.34 Unrealized +54.9%

AXP American Express Company 2.4%

Value ($000) $3,327 Shares 31,239 Est. Cost $56.58 Unrealized +66.3%

WMT Wal Mart Stores Inc 2.0%

Value ($000) $2,798 Shares 29,791 Est. Cost $20.60 Unrealized +32.7%

GPC Genuine Parts Co 2.0%

Value ($000) $2,790 Shares 28,071 Est. Cost $76.57 Unrealized +3.4%

— Restaurant Brands Internationa 2.0%

Value ($000) $2,746 Shares 46,320 Est. Cost $56.44 Unrealized —

EPD Enterprise Prods Partners LP 1.9%

Value ($000) $2,629 Shares 91,524 Est. Cost $27.54 Unrealized —

— AbbVie Inc 1.7%

Value ($000) $2,390 Shares 25,265 Est. Cost $63.09 Unrealized —

VRSK Verisk Analytics 1.4%

Value ($000) $1,947 Shares 16,153 Est. Cost $79.08 Unrealized +40.6%

O Realty Income Corp 1.3%

Value ($000) $1,730 Shares 30,418 Est. Cost $38.18 Unrealized +1.3%

UPS United Parcel Svc Inc Cl B 1.2%

Value ($000) $1,590 Shares 13,617 Est. Cost $79.14 Unrealized +11.8%

MDLZ Mondelez International Inc 0.7%

Value ($000) $937 Shares 21,811 Est. Cost $35.22 Unrealized +1.1%

— Enbridge Energy Partners LP 0.6%

Value ($000) $838 Shares 76,277 Est. Cost $25.43 Unrealized —

UNP Union Pacific Corp 0.6%

Value ($000) $761 Shares 4,671 Est. Cost $83.34 Unrealized +53.3%

BTI British American Tobacco 0.5%

Value ($000) $721 Shares 15,465 Est. Cost $94.95 Unrealized —

ENB Enbridge Inc 0.5%

Value ($000) $704 Shares 21,811 Est. Cost $21.97 Unrealized 0.0%

— Kinder Morgan Srs A Mandatory 0.5%

Value ($000) $633 Shares 19,043 Est. Cost $49.87 Unrealized —

— Magellan Midstream Partners LP 0.4%

Value ($000) $527 Shares 7,785 Est. Cost $69.41 Unrealized —

— Store Capital 0.3%

Value ($000) $471 Shares 16,945 Est. Cost $27.60 Unrealized —

MTB M & T Bank Corp 0.2%

Value ($000) $343 Shares 2,086 Est. Cost $88.80 Unrealized +55.0%

EXPD Expeditors International 0.2%

Value ($000) $337 Shares 4,580 Est. Cost $45.00 Unrealized +50.1%

— Wells Fargo & Co Warrant Exp 1 0.2%

Value ($000) $336 Shares 17,455 Est. Cost $15.30 Unrealized —

NGG National Grid PLC Sponsored AD 0.2%

Value ($000) $317 Shares 6,114 Est. Cost $62.82 Unrealized —

AAPL Apple Computer Inc 0.2%

Value ($000) $260 Shares 1,150 Est. Cost $42.75 Unrealized +15.3%

HSY Hershey Food Corp 0.2%

Value ($000) $259 Shares 2,541 Est. Cost $83.10 Unrealized 0.0%

WEC WEC Energy Group Inc 0.2%

Value ($000) $255 Shares 3,825 Est. Cost $46.15 Unrealized +14.3%

— Unilever PLC 0.2%

Value ($000) $254 Shares 4,615 Est. Cost $48.57 Unrealized —

XOM Exxon Mobil Corp 0.2%

Value ($000) $251 Shares 2,948 Est. Cost $58.54 Unrealized -0.6%

BAX Baxter International 0.2%

Value ($000) $244 Shares 3,160 Est. Cost $53.53 Unrealized +21.3%

— Enbridge Energy Management LLC 0.2%

Value ($000) $243 Shares 22,256 Est. Cost $23.95 Unrealized —

IBM International Business Machine 0.2%

Value ($000) $220 Shares 1,455 Est. Cost $102.10 Unrealized -0.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc Cl A	55	$17,600	12.8%	$219349.66	+41.2%	COM	084670108
MCD	McDonald's Corp	52,546	$8,790	6.4%	$95.06	+41.8%	COM	580135101
JNJ	Johnson & Johnson	61,665	$8,520	6.2%	$93.52	+15.5%	COM	478160104
BRK/B	Berkshire Hathaway Inc Cl B	38,712	$8,289	6.0%	$148.75	+37.9%	COM	084670702
KO	Coca-Cola Company	176,590	$8,157	5.9%	$32.56	+11.5%	COM	191216100
PEP	Pepsico Inc	68,923	$7,706	5.6%	$81.26	+11.2%	COM	713448108
PG	Procter & Gamble Co	76,403	$6,359	4.6%	$67.61	+0.3%	COM	742718109
MO	Altria Group Inc	97,452	$5,877	4.3%	$34.77	-3.5%	COM	02209S103
PM	Philip Morris International In	71,012	$5,790	4.2%	$61.37	-9.6%	COM	718172109
COST	Costco Whsl Corp	22,488	$5,282	3.8%	$136.95	+48.3%	COM	22160K105
NSC	Norfolk Southern Corp	26,216	$4,732	3.4%	$75.16	+95.8%	COM	655844108
WFC	Wells Fargo & Co	85,326	$4,485	3.3%	$36.86	+26.2%	COM	949746101
DEO	Diageo PLC Sponsored ADR New	30,687	$4,347	3.2%	$115.82	—	ADR	25243Q205
—	Anheuser-Busch Inbev SA/NV	43,106	$3,775	2.7%	$125.56	—	ADR	03524a108
KHC	Kraft Heinz Co	65,856	$3,629	2.6%	$56.02	-25.4%	COM	500754106
ABT	Abbott Labs	49,310	$3,617	2.6%	$37.34	+54.9%	COM	002824100
AXP	American Express Company	31,239	$3,327	2.4%	$56.58	+66.3%	COM	025816109
WMT	Wal Mart Stores Inc	29,791	$2,798	2.0%	$20.60	+32.7%	COM	931142103
GPC	Genuine Parts Co	28,071	$2,790	2.0%	$76.57	+3.4%	COM	372460105
—	Restaurant Brands Internationa	46,320	$2,746	2.0%	$56.44	—	COM	76131d103
EPD	Enterprise Prods Partners LP	91,524	$2,629	1.9%	$27.54	—	COM	293792107
—	AbbVie Inc	25,265	$2,390	1.7%	$63.09	—	COM	00287y109
VRSK	Verisk Analytics	16,153	$1,947	1.4%	$79.08	+40.6%	COM	92345Y106
O	Realty Income Corp	30,418	$1,730	1.3%	$38.18	+1.3%	COM	756109104
UPS	United Parcel Svc Inc Cl B	13,617	$1,590	1.2%	$79.14	+11.8%	COM	911312106
MDLZ	Mondelez International Inc	21,811	$937	0.7%	$35.22	+1.1%	COM	609207105
—	Enbridge Energy Partners LP	76,277	$838	0.6%	$25.43	—	COM	29250R106
UNP	Union Pacific Corp	4,671	$761	0.6%	$83.34	+53.3%	COM	907818108
BTI	British American Tobacco	15,465	$721	0.5%	$94.95	—	ADR	110448107
ENB	Enbridge Inc	21,811	$704	0.5%	$21.97	0.0%	COM	29250N105
—	Kinder Morgan Srs A Mandatory	19,043	$633	0.5%	$49.87	—	PFD	49456B200
—	Magellan Midstream Partners LP	7,785	$527	0.4%	$69.41	—	COM	559080106
—	Store Capital	16,945	$471	0.3%	$27.60	—	COM	862121100
MTB	M & T Bank Corp	2,086	$343	0.2%	$88.80	+55.0%	COM	55261F104
EXPD	Expeditors International	4,580	$337	0.2%	$45.00	+50.1%	COM	302130109
—	Wells Fargo & Co Warrant Exp 1	17,455	$336	0.2%	$15.30	—	WT	949746119
NGG	National Grid PLC Sponsored AD	6,114	$317	0.2%	$62.82	—	ADR	636274409
AAPL	Apple Computer Inc	1,150	$260	0.2%	$42.75	+15.3%	COM	037833100
HSY	Hershey Food Corp	2,541	$259	0.2%	$83.10	0.0%	COM	427866108
WEC	WEC Energy Group Inc	3,825	$255	0.2%	$46.15	+14.3%	COM	92939U106
—	Unilever PLC	4,615	$254	0.2%	$48.57	—	ADR	904767704
XOM	Exxon Mobil Corp	2,948	$251	0.2%	$58.54	-0.6%	COM	30231G102
BAX	Baxter International	3,160	$244	0.2%	$53.53	+21.3%	COM	071813109
—	Enbridge Energy Management LLC	22,256	$243	0.2%	$23.95	—	COM	29250x103
IBM	International Business Machine	1,455	$220	0.2%	$102.10	-0.8%	COM	459200101