HUTNER CAPITAL MANAGEMENT INC Long-Term Concentrated

Location: Manchester, VT

CIK: 0000944733 · Show all filings

Period: Q3 2019 (← Previous) (Next →)

Filing Date: Nov 12, 2019

Total Value: $141M (100.0% shares, 0.0% debt)

Holdings (42)

BRK/A Berkshire Hathaway Inc Cl A 12.1%

Value $17.15M Shares 55 Est. Cost — Unrealized —

MCD McDonald's Corp 7.1%

Value $10.06M Shares 46,850 Est. Cost — Unrealized —

PEP Pepsico Inc 6.3%

Value $8.875M Shares 64,732 Est. Cost — Unrealized —

PG Procter & Gamble Co 6.3%

Value $8.858M Shares 71,216 Est. Cost — Unrealized —

KO Coca-Cola Company 6.2%

Value $8.822M Shares 162,054 Est. Cost — Unrealized —

BRK/B Berkshire Hathaway Inc Cl B 5.3%

Value $7.557M Shares 36,327 Est. Cost — Unrealized —

JNJ Johnson & Johnson 4.9%

Value $6.921M Shares 53,494 Est. Cost — Unrealized —

COST Costco Whsl Corp 4.5%

Value $6.361M Shares 22,078 Est. Cost — Unrealized —

PM Philip Morris International In 3.9%

Value $5.474M Shares 72,094 Est. Cost — Unrealized —

DEO Diageo PLC Sponsored ADR New 3.3%

Value $4.703M Shares 28,760 Est. Cost — Unrealized —

MO Altria Group Inc 2.8%

Value $3.997M Shares 97,737 Est. Cost — Unrealized —

ABT Abbott Labs 2.8%

Value $3.948M Shares 47,190 Est. Cost — Unrealized —

— Restaurant Brands Internationa 2.6%

Value $3.705M Shares 52,081 Est. Cost — Unrealized —

NSC Norfolk Southern Corp 2.6%

Value $3.63M Shares 20,206 Est. Cost — Unrealized —

AXP American Express Company 2.6%

Value $3.622M Shares 30,619 Est. Cost — Unrealized —

WFC Wells Fargo & Co 2.5%

Value $3.598M Shares 71,335 Est. Cost — Unrealized —

WMT Wal Mart Stores Inc 2.4%

Value $3.337M Shares 28,114 Est. Cost — Unrealized —

BUD Anheuser-Busch Inbev SA/NV 2.3%

Value $3.186M Shares 33,482 Est. Cost — Unrealized —

GPC Genuine Parts Co 2.0%

Value $2.815M Shares 28,262 Est. Cost — Unrealized —

EPD Enterprise Prods Partners LP 1.9%

Value $2.747M Shares 96,124 Est. Cost — Unrealized —

O Realty Income Corp 1.8%

Value $2.479M Shares 32,329 Est. Cost — Unrealized —

ENB Enbridge Inc 1.7%

Value $2.472M Shares 70,456 Est. Cost — Unrealized —

VRSK Verisk Analytics 1.7%

Value $2.399M Shares 15,168 Est. Cost — Unrealized —

ABBV AbbVie Inc 1.3%

Value $1.897M Shares 25,053 Est. Cost — Unrealized —

KHC Kraft Heinz Co 1.2%

Value $1.643M Shares 58,822 Est. Cost — Unrealized —

— Novartis ADR 0.9%

Value $1.337M Shares 15,380 Est. Cost — Unrealized —

UPS United Parcel Svc Inc Cl B 0.9%

Value $1.241M Shares 10,360 Est. Cost — Unrealized —

UNP Union Pacific Corp 0.8%

Value $1.193M Shares 7,364 Est. Cost — Unrealized —

FNV Franco-Nevada Corp 0.8%

Value $1.061M Shares 11,638 Est. Cost — Unrealized —

— Magellan Midstream Partners LP 0.7%

Value $937K Shares 14,135 Est. Cost — Unrealized —

— Store Capital 0.6%

Value $847K Shares 22,640 Est. Cost — Unrealized —

MDLZ Mondelez International Inc 0.5%

Value $676K Shares 12,221 Est. Cost — Unrealized —

KMI Kinder Morgan Inc 0.5%

Value $660K Shares 32,002 Est. Cost — Unrealized —

JPM J.P. Morgan Chase & Co 0.4%

Value $538K Shares 4,574 Est. Cost — Unrealized —

HSY Hershey Food Corp 0.3%

Value $454K Shares 2,932 Est. Cost — Unrealized —

BTI British American Tobacco 0.3%

Value $407K Shares 11,020 Est. Cost — Unrealized —

WEC WEC Energy Group Inc 0.3%

Value $364K Shares 3,825 Est. Cost — Unrealized —

EXPD Expeditors International 0.2%

Value $340K Shares 4,580 Est. Cost — Unrealized —

BAX Baxter International 0.2%

Value $267K Shares 3,056 Est. Cost — Unrealized —

AAPL Apple Computer Inc 0.2%

Value $258K Shares 1,150 Est. Cost — Unrealized —

— Unilever PLC 0.2%

Value $249K Shares 4,148 Est. Cost — Unrealized —

MCO Moodys Corp 0.2%

Value $222K Shares 1,085 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc Cl A	55	$17.15M	12.1%	—	—	COM	084670108
MCD	McDonald's Corp	46,850	$10.06M	7.1%	—	—	COM	580135101
PEP	Pepsico Inc	64,732	$8.875M	6.3%	—	—	COM	713448108
PG	Procter & Gamble Co	71,216	$8.858M	6.3%	—	—	COM	742718109
KO	Coca-Cola Company	162,054	$8.822M	6.2%	—	—	COM	191216100
BRK/B	Berkshire Hathaway Inc Cl B	36,327	$7.557M	5.3%	—	—	COM	084670702
JNJ	Johnson & Johnson	53,494	$6.921M	4.9%	—	—	COM	478160104
COST	Costco Whsl Corp	22,078	$6.361M	4.5%	—	—	COM	22160K105
PM	Philip Morris International In	72,094	$5.474M	3.9%	—	—	COM	718172109
DEO	Diageo PLC Sponsored ADR New	28,760	$4.703M	3.3%	—	—	ADR	25243Q205
MO	Altria Group Inc	97,737	$3.997M	2.8%	—	—	COM	02209S103
ABT	Abbott Labs	47,190	$3.948M	2.8%	—	—	COM	002824100
—	Restaurant Brands Internationa	52,081	$3.705M	2.6%	—	—	COM	76131d103
NSC	Norfolk Southern Corp	20,206	$3.63M	2.6%	—	—	COM	655844108
AXP	American Express Company	30,619	$3.622M	2.6%	—	—	COM	025816109
WFC	Wells Fargo & Co	71,335	$3.598M	2.5%	—	—	COM	949746101
WMT	Wal Mart Stores Inc	28,114	$3.337M	2.4%	—	—	COM	931142103
BUD	Anheuser-Busch Inbev SA/NV	33,482	$3.186M	2.3%	—	—	ADR	03524A108
GPC	Genuine Parts Co	28,262	$2.815M	2.0%	—	—	COM	372460105
EPD	Enterprise Prods Partners LP	96,124	$2.747M	1.9%	—	—	COM	293792107
O	Realty Income Corp	32,329	$2.479M	1.8%	—	—	COM	756109104
ENB	Enbridge Inc	70,456	$2.472M	1.7%	—	—	COM	29250N105
VRSK	Verisk Analytics	15,168	$2.399M	1.7%	—	—	COM	92345Y106
ABBV	AbbVie Inc	25,053	$1.897M	1.3%	—	—	COM	00287Y109
KHC	Kraft Heinz Co	58,822	$1.643M	1.2%	—	—	COM	500754106
—	Novartis ADR	15,380	$1.337M	0.9%	—	—	ADR	66987v109
UPS	United Parcel Svc Inc Cl B	10,360	$1.241M	0.9%	—	—	COM	911312106
UNP	Union Pacific Corp	7,364	$1.193M	0.8%	—	—	COM	907818108
FNV	Franco-Nevada Corp	11,638	$1.061M	0.8%	—	—	COM	351858105
—	Magellan Midstream Partners LP	14,135	$937K	0.7%	—	—	COM	559080106
—	Store Capital	22,640	$847K	0.6%	—	—	COM	862121100
MDLZ	Mondelez International Inc	12,221	$676K	0.5%	—	—	COM	609207105
KMI	Kinder Morgan Inc	32,002	$660K	0.5%	—	—	COM	49456B101
JPM	J.P. Morgan Chase & Co	4,574	$538K	0.4%	—	—	COM	46625H100
HSY	Hershey Food Corp	2,932	$454K	0.3%	—	—	COM	427866108
BTI	British American Tobacco	11,020	$407K	0.3%	—	—	ADR	110448107
WEC	WEC Energy Group Inc	3,825	$364K	0.3%	—	—	COM	92939U106
EXPD	Expeditors International	4,580	$340K	0.2%	—	—	COM	302130109
BAX	Baxter International	3,056	$267K	0.2%	—	—	COM	071813109
AAPL	Apple Computer Inc	1,150	$258K	0.2%	—	—	COM	037833100
—	Unilever PLC	4,148	$249K	0.2%	—	—	ADR	904767704
MCO	Moodys Corp	1,085	$222K	0.2%	—	—	COM	615369105