HUTNER CAPITAL MANAGEMENT INC Long-Term Concentrated

CIK: 0000944733 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value ($000): $219,844 (100.0% shares, 0.0% debt)

Holdings (44)

BRK/A Berkshire Hathaway Inc Cl A 13.9%

Value ($000) $30,610 Shares 42 Est. Cost $219349.66 Unrealized +247.3%

BRK/B Berkshire Hathaway Inc Cl B 9.1%

Value ($000) $20,063 Shares 41,301 Est. Cost $243.36 Unrealized +108.7%

COST Costco Whsl Corp 6.4%

Value ($000) $14,083 Shares 14,227 Est. Cost $136.95 Unrealized +623.4%

PM Philip Morris International In 6.1%

Value ($000) $13,408 Shares 73,616 Est. Cost $68.52 Unrealized +144.3%

KO Coca-Cola Company 4.9%

Value ($000) $10,825 Shares 153,003 Est. Cost $38.06 Unrealized +83.4%

MCD McDonald's Corp 4.6%

Value ($000) $10,036 Shares 34,351 Est. Cost $119.00 Unrealized +155.1%

PG Procter & Gamble Co 3.9%

Value ($000) $8,480 Shares 53,226 Est. Cost $78.96 Unrealized +103.6%

ABBV AbbVie Inc 3.5%

Value ($000) $7,789 Shares 41,964 Est. Cost $78.23 Unrealized +133.5%

FNV Franco-Nevada Corp 3.4%

Value ($000) $7,376 Shares 44,995 Est. Cost $117.32 Unrealized +40.8%

PEP PepsiCo Inc 3.3%

Value ($000) $7,257 Shares 54,957 Est. Cost $92.04 Unrealized +42.4%

GOOG Alphabet Inc Class C 3.1%

Value ($000) $6,881 Shares 38,790 Est. Cost $148.77 Unrealized +10.8%

ENB Enbridge Inc 3.0%

Value ($000) $6,691 Shares 147,628 Est. Cost $28.16 Unrealized +55.5%

AXP American Express Company 3.0%

Value ($000) $6,590 Shares 20,659 Est. Cost $56.58 Unrealized +393.7%

JNJ Johnson & Johnson 3.0%

Value ($000) $6,512 Shares 42,631 Est. Cost $100.06 Unrealized +50.7%

MO Altria Group Inc 3.0%

Value ($000) $6,502 Shares 110,894 Est. Cost $36.27 Unrealized +54.3%

WMT Walmart Inc 2.7%

Value ($000) $5,857 Shares 59,899 Est. Cost $44.53 Unrealized +112.8%

ABT Abbott Labs 2.6%

Value ($000) $5,641 Shares 41,474 Est. Cost $42.35 Unrealized +208.4%

EPD Enterprise Prods Partners LP 1.9%

Value ($000) $4,233 Shares 136,489 Est. Cost $28.93 Unrealized —

AAPL Apple Inc 1.9%

Value ($000) $4,123 Shares 20,094 Est. Cost $139.87 Unrealized +44.0%

VRSK Verisk Analytics 1.6%

Value ($000) $3,489 Shares 11,200 Est. Cost $79.08 Unrealized +281.5%

— Chubb Limited 1.3%

Value ($000) $2,844 Shares 9,816 Est. Cost $285.26 Unrealized —

UNP Union Pacific Corp 1.3%

Value ($000) $2,749 Shares 11,948 Est. Cost $140.44 Unrealized +55.6%

GPC Genuine Parts Co 1.2%

Value ($000) $2,744 Shares 22,622 Est. Cost $78.66 Unrealized +49.7%

O Realty Income Corp 1.2%

Value ($000) $2,601 Shares 45,140 Est. Cost $44.02 Unrealized +23.7%

ORLY O'Reilly Automotive Inc 1.2%

Value ($000) $2,578 Shares 28,607 Est. Cost $88.00 Unrealized +3.6%

ADI Analog Devices Inc 1.1%

Value ($000) $2,510 Shares 10,546 Est. Cost $161.68 Unrealized +27.4%

NSC Norfolk Southern Corp 0.9%

Value ($000) $1,880 Shares 7,344 Est. Cost $75.16 Unrealized +210.1%

DEO Diageo PLC Sponsored ADR 0.8%

Value ($000) $1,691 Shares 16,768 Est. Cost $118.45 Unrealized —

OKE Oneok, Inc 0.7%

Value ($000) $1,631 Shares 19,984 Est. Cost $60.95 Unrealized +32.4%

V Visa Inc 0.7%

Value ($000) $1,539 Shares 4,334 Est. Cost $340.48 Unrealized +1.9%

PGR Progressive Corp 0.6%

Value ($000) $1,429 Shares 5,354 Est. Cost $249.56 Unrealized +3.2%

HSY Hershey Company 0.6%

Value ($000) $1,260 Shares 7,595 Est. Cost $112.07 Unrealized +44.2%

WFC Wells Fargo & Co 0.6%

Value ($000) $1,211 Shares 15,118 Est. Cost $36.86 Unrealized +93.0%

QSR Restaurant Brands Internationa 0.5%

Value ($000) $1,058 Shares 15,954 Est. Cost $66.72 Unrealized +0.1%

YUM Yum Brands Inc 0.4%

Value ($000) $937 Shares 6,324 Est. Cost $98.95 Unrealized +45.7%

SHW Sherwin-Williams Co. 0.4%

Value ($000) $932 Shares 2,715 Est. Cost $262.07 Unrealized +31.5%

EXPD Expeditors International 0.3%

Value ($000) $746 Shares 6,526 Est. Cost $66.54 Unrealized +66.6%

NVS Novartis International AG ADR 0.3%

Value ($000) $700 Shares 5,787 Est. Cost $102.23 Unrealized —

WEC WEC Energy Group Inc 0.3%

Value ($000) $565 Shares 5,427 Est. Cost $55.90 Unrealized +86.5%

MCO Moody's Corp 0.2%

Value ($000) $474 Shares 945 Est. Cost $179.45 Unrealized +156.9%

UPS United Parcel Svc Inc Cl B 0.2%

Value ($000) $444 Shares 4,403 Est. Cost $87.87 Unrealized +7.1%

AMT American Tower Systems Corp Cl 0.2%

Value ($000) $340 Shares 1,538 Est. Cost $214.08 Unrealized -1.7%

— Zoetis Inc Cl A 0.1%

Value ($000) $308 Shares 1,977 Est. Cost $164.64 Unrealized —

MDLZ Mondelez International Inc 0.1%

Value ($000) $229 Shares 3,398 Est. Cost $35.22 Unrealized +85.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc Cl A	42	$30,610	13.9%	$219349.66	+247.3%	COM	084670108
BRK/B	Berkshire Hathaway Inc Cl B	41,301	$20,063	9.1%	$243.36	+108.7%	COM	084670702
COST	Costco Whsl Corp	14,227	$14,083	6.4%	$136.95	+623.4%	COM	22160K105
PM	Philip Morris International In	73,616	$13,408	6.1%	$68.52	+144.3%	COM	718172109
KO	Coca-Cola Company	153,003	$10,825	4.9%	$38.06	+83.4%	COM	191216100
MCD	McDonald's Corp	34,351	$10,036	4.6%	$119.00	+155.1%	COM	580135101
PG	Procter & Gamble Co	53,226	$8,480	3.9%	$78.96	+103.6%	COM	742718109
ABBV	AbbVie Inc	41,964	$7,789	3.5%	$78.23	+133.5%	COM	00287Y109
FNV	Franco-Nevada Corp	44,995	$7,376	3.4%	$117.32	+40.8%	COM	351858105
PEP	PepsiCo Inc	54,957	$7,257	3.3%	$92.04	+42.4%	COM	713448108
GOOG	Alphabet Inc Class C	38,790	$6,881	3.1%	$148.77	+10.8%	COM	02079K107
ENB	Enbridge Inc	147,628	$6,691	3.0%	$28.16	+55.5%	COM	29250N105
AXP	American Express Company	20,659	$6,590	3.0%	$56.58	+393.7%	COM	025816109
JNJ	Johnson & Johnson	42,631	$6,512	3.0%	$100.06	+50.7%	COM	478160104
MO	Altria Group Inc	110,894	$6,502	3.0%	$36.27	+54.3%	COM	02209S103
WMT	Walmart Inc	59,899	$5,857	2.7%	$44.53	+112.8%	COM	931142103
ABT	Abbott Labs	41,474	$5,641	2.6%	$42.35	+208.4%	COM	002824100
EPD	Enterprise Prods Partners LP	136,489	$4,233	1.9%	$28.93	—	COM	293792107
AAPL	Apple Inc	20,094	$4,123	1.9%	$139.87	+44.0%	COM	037833100
VRSK	Verisk Analytics	11,200	$3,489	1.6%	$79.08	+281.5%	COM	92345Y106
—	Chubb Limited	9,816	$2,844	1.3%	$285.26	—	COM	h1467j104
UNP	Union Pacific Corp	11,948	$2,749	1.3%	$140.44	+55.6%	COM	907818108
GPC	Genuine Parts Co	22,622	$2,744	1.2%	$78.66	+49.7%	COM	372460105
O	Realty Income Corp	45,140	$2,601	1.2%	$44.02	+23.7%	COM	756109104
ORLY	O'Reilly Automotive Inc	28,607	$2,578	1.2%	$88.00	+3.6%	COM	67103H107
ADI	Analog Devices Inc	10,546	$2,510	1.1%	$161.68	+27.4%	COM	032654105
NSC	Norfolk Southern Corp	7,344	$1,880	0.9%	$75.16	+210.1%	COM	655844108
DEO	Diageo PLC Sponsored ADR	16,768	$1,691	0.8%	$118.45	—	ADR	25243Q205
OKE	Oneok, Inc	19,984	$1,631	0.7%	$60.95	+32.4%	COM	682680103
V	Visa Inc	4,334	$1,539	0.7%	$340.48	+1.9%	COM	92826C839
PGR	Progressive Corp	5,354	$1,429	0.6%	$249.56	+3.2%	COM	743315103
HSY	Hershey Company	7,595	$1,260	0.6%	$112.07	+44.2%	COM	427866108
WFC	Wells Fargo & Co	15,118	$1,211	0.6%	$36.86	+93.0%	COM	949746101
QSR	Restaurant Brands Internationa	15,954	$1,058	0.5%	$66.72	+0.1%	COM	76131D103
YUM	Yum Brands Inc	6,324	$937	0.4%	$98.95	+45.7%	COM	988498101
SHW	Sherwin-Williams Co.	2,715	$932	0.4%	$262.07	+31.5%	COM	824348106
EXPD	Expeditors International	6,526	$746	0.3%	$66.54	+66.6%	COM	302130109
NVS	Novartis International AG ADR	5,787	$700	0.3%	$102.23	—	ADR	66987V109
WEC	WEC Energy Group Inc	5,427	$565	0.3%	$55.90	+86.5%	COM	92939U106
MCO	Moody's Corp	945	$474	0.2%	$179.45	+156.9%	COM	615369105
UPS	United Parcel Svc Inc Cl B	4,403	$444	0.2%	$87.87	+7.1%	COM	911312106
AMT	American Tower Systems Corp Cl	1,538	$340	0.2%	$214.08	-1.7%	COM	03027X100
—	Zoetis Inc Cl A	1,977	$308	0.1%	$164.64	—	COM	98978v103
MDLZ	Mondelez International Inc	3,398	$229	0.1%	$35.22	+85.0%	COM	609207105