HUTNER CAPITAL MANAGEMENT INC Long-Term Concentrated

Location: Manchester, VT

CIK: 0000944733 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 13, 2025

Total Value: $234M (100.0% shares, 0.0% debt)

Holdings (48)

BRK/A Berkshire Hathaway Inc Cl A 17.4%

Value $40.72M Shares 51 Est. Cost — Unrealized —

BRK/B Berkshire Hathaway Inc Cl B 8.6%

Value $20.22M Shares 37,966 Est. Cost — Unrealized —

COST Costco Whsl Corp 6.3%

Value $14.68M Shares 15,522 Est. Cost — Unrealized —

PM Philip Morris International In 5.3%

Value $12.46M Shares 78,487 Est. Cost — Unrealized —

KO Coca-Cola Company 4.6%

Value $10.79M Shares 150,719 Est. Cost — Unrealized —

MCD McDonald's Corp 4.6%

Value $10.74M Shares 34,382 Est. Cost — Unrealized —

PG Procter & Gamble Co 3.9%

Value $9.189M Shares 53,919 Est. Cost — Unrealized —

ABBV AbbVie Inc 3.9%

Value $9.03M Shares 43,096 Est. Cost — Unrealized —

PEP PepsiCo Inc 3.5%

Value $8.176M Shares 54,525 Est. Cost — Unrealized —

JNJ Johnson & Johnson 3.4%

Value $7.91M Shares 47,697 Est. Cost — Unrealized —

FNV Franco-Nevada Corp 3.2%

Value $7.538M Shares 47,842 Est. Cost — Unrealized —

GOOG Alphabet Inc Class C 2.8%

Value $6.507M Shares 41,648 Est. Cost — Unrealized —

MO Altria Group Inc 2.7%

Value $6.406M Shares 106,733 Est. Cost — Unrealized —

ENB Enbridge Inc 2.6%

Value $6.17M Shares 139,241 Est. Cost — Unrealized —

AXP American Express Company 2.6%

Value $6.002M Shares 22,309 Est. Cost — Unrealized —

WMT Walmart Inc 2.4%

Value $5.555M Shares 63,281 Est. Cost — Unrealized —

ABT Abbott Labs 2.3%

Value $5.472M Shares 41,248 Est. Cost — Unrealized —

EPD Enterprise Prods Partners LP 1.8%

Value $4.212M Shares 123,369 Est. Cost — Unrealized —

VRSK Verisk Analytics 1.7%

Value $3.935M Shares 13,220 Est. Cost — Unrealized —

AAPL Apple Inc 1.7%

Value $3.892M Shares 17,523 Est. Cost — Unrealized —

UNP Union Pacific Corp 1.3%

Value $3.146M Shares 13,315 Est. Cost — Unrealized —

ORLY O'Reilly Automotive Inc 1.3%

Value $2.951M Shares 2,060 Est. Cost — Unrealized —

GPC Genuine Parts Co 1.1%

Value $2.693M Shares 22,603 Est. Cost — Unrealized —

O Realty Income Corp 1.1%

Value $2.593M Shares 44,694 Est. Cost — Unrealized —

ADI Analog Devices Inc 1.1%

Value $2.521M Shares 12,500 Est. Cost — Unrealized —

— Chubb Limited 1.0%

Value $2.399M Shares 7,943 Est. Cost — Unrealized —

OKE Oneok, Inc 0.9%

Value $2.021M Shares 20,369 Est. Cost — Unrealized —

DEO Diageo PLC Sponsored ADR 0.8%

Value $1.856M Shares 17,716 Est. Cost — Unrealized —

NSC Norfolk Southern Corp 0.8%

Value $1.768M Shares 7,464 Est. Cost — Unrealized —

QSR Restaurant Brands Internationa 0.6%

Value $1.443M Shares 21,660 Est. Cost — Unrealized —

HSY Hershey Company 0.6%

Value $1.39M Shares 8,130 Est. Cost — Unrealized —

WFC Wells Fargo & Co 0.5%

Value $1.085M Shares 15,117 Est. Cost — Unrealized —

PGR Progressive Corp 0.4%

Value $987K Shares 3,487 Est. Cost — Unrealized —

V Visa Inc 0.4%

Value $927K Shares 2,644 Est. Cost — Unrealized —

EXPD Expeditors International 0.4%

Value $879K Shares 7,306 Est. Cost — Unrealized —

SHW Sherwin-Williams Co. 0.4%

Value $847K Shares 2,426 Est. Cost — Unrealized —

YUM Yum Brands Inc 0.3%

Value $804K Shares 5,109 Est. Cost — Unrealized —

NVS Novartis International AG ADR 0.3%

Value $643K Shares 5,764 Est. Cost — Unrealized —

WEC WEC Energy Group Inc 0.3%

Value $591K Shares 5,427 Est. Cost — Unrealized —

UPS United Parcel Svc Inc Cl B 0.2%

Value $501K Shares 4,552 Est. Cost — Unrealized —

MCO Moody's Corp 0.2%

Value $440K Shares 945 Est. Cost — Unrealized —

KHC Kraft Heinz Co 0.2%

Value $421K Shares 13,824 Est. Cost — Unrealized —

CVX Chevron Corp 0.2%

Value $416K Shares 2,488 Est. Cost — Unrealized —

— Zoetis Inc Cl A 0.1%

Value $348K Shares 2,115 Est. Cost — Unrealized —

AMT American Tower Systems Corp Cl 0.1%

Value $337K Shares 1,546 Est. Cost — Unrealized —

MDLZ Mondelez International Inc 0.1%

Value $247K Shares 3,647 Est. Cost — Unrealized —

VZ Verizon Communications Inc 0.1%

Value $244K Shares 5,370 Est. Cost — Unrealized —

UNH UnitedHealth Group Inc 0.1%

Value $210K Shares 400 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc Cl A	51	$40.72M	17.4%	—	—	COM	084670108
BRK/B	Berkshire Hathaway Inc Cl B	37,966	$20.22M	8.6%	—	—	COM	084670702
COST	Costco Whsl Corp	15,522	$14.68M	6.3%	—	—	COM	22160K105
PM	Philip Morris International In	78,487	$12.46M	5.3%	—	—	COM	718172109
KO	Coca-Cola Company	150,719	$10.79M	4.6%	—	—	COM	191216100
MCD	McDonald's Corp	34,382	$10.74M	4.6%	—	—	COM	580135101
PG	Procter & Gamble Co	53,919	$9.189M	3.9%	—	—	COM	742718109
ABBV	AbbVie Inc	43,096	$9.03M	3.9%	—	—	COM	00287Y109
PEP	PepsiCo Inc	54,525	$8.176M	3.5%	—	—	COM	713448108
JNJ	Johnson & Johnson	47,697	$7.91M	3.4%	—	—	COM	478160104
FNV	Franco-Nevada Corp	47,842	$7.538M	3.2%	—	—	COM	351858105
GOOG	Alphabet Inc Class C	41,648	$6.507M	2.8%	—	—	COM	02079K107
MO	Altria Group Inc	106,733	$6.406M	2.7%	—	—	COM	02209S103
ENB	Enbridge Inc	139,241	$6.17M	2.6%	—	—	COM	29250N105
AXP	American Express Company	22,309	$6.002M	2.6%	—	—	COM	025816109
WMT	Walmart Inc	63,281	$5.555M	2.4%	—	—	COM	931142103
ABT	Abbott Labs	41,248	$5.472M	2.3%	—	—	COM	002824100
EPD	Enterprise Prods Partners LP	123,369	$4.212M	1.8%	—	—	COM	293792107
VRSK	Verisk Analytics	13,220	$3.935M	1.7%	—	—	COM	92345Y106
AAPL	Apple Inc	17,523	$3.892M	1.7%	—	—	COM	037833100
UNP	Union Pacific Corp	13,315	$3.146M	1.3%	—	—	COM	907818108
ORLY	O'Reilly Automotive Inc	2,060	$2.951M	1.3%	—	—	COM	67103H107
GPC	Genuine Parts Co	22,603	$2.693M	1.1%	—	—	COM	372460105
O	Realty Income Corp	44,694	$2.593M	1.1%	—	—	COM	756109104
ADI	Analog Devices Inc	12,500	$2.521M	1.1%	—	—	COM	032654105
—	Chubb Limited	7,943	$2.399M	1.0%	—	—	COM	h1467j104
OKE	Oneok, Inc	20,369	$2.021M	0.9%	—	—	COM	682680103
DEO	Diageo PLC Sponsored ADR	17,716	$1.856M	0.8%	—	—	ADR	25243Q205
NSC	Norfolk Southern Corp	7,464	$1.768M	0.8%	—	—	COM	655844108
QSR	Restaurant Brands Internationa	21,660	$1.443M	0.6%	—	—	COM	76131D103
HSY	Hershey Company	8,130	$1.39M	0.6%	—	—	COM	427866108
WFC	Wells Fargo & Co	15,117	$1.085M	0.5%	—	—	COM	949746101
PGR	Progressive Corp	3,487	$987K	0.4%	—	—	COM	743315103
V	Visa Inc	2,644	$927K	0.4%	—	—	COM	92826C839
EXPD	Expeditors International	7,306	$879K	0.4%	—	—	COM	302130109
SHW	Sherwin-Williams Co.	2,426	$847K	0.4%	—	—	COM	824348106
YUM	Yum Brands Inc	5,109	$804K	0.3%	—	—	COM	988498101
NVS	Novartis International AG ADR	5,764	$643K	0.3%	—	—	ADR	66987V109
WEC	WEC Energy Group Inc	5,427	$591K	0.3%	—	—	COM	92939U106
UPS	United Parcel Svc Inc Cl B	4,552	$501K	0.2%	—	—	COM	911312106
MCO	Moody's Corp	945	$440K	0.2%	—	—	COM	615369105
KHC	Kraft Heinz Co	13,824	$421K	0.2%	—	—	COM	500754106
CVX	Chevron Corp	2,488	$416K	0.2%	—	—	COM	166764100
—	Zoetis Inc Cl A	2,115	$348K	0.1%	—	—	COM	98978v103
AMT	American Tower Systems Corp Cl	1,546	$337K	0.1%	—	—	COM	03027X100
MDLZ	Mondelez International Inc	3,647	$247K	0.1%	—	—	COM	609207105
VZ	Verizon Communications Inc	5,370	$244K	0.1%	—	—	COM	92343V104
UNH	UnitedHealth Group Inc	400	$210K	0.1%	—	—	COM	91324P102