Q2 2026 13F · SEC CIK 944733

Hutner Capital Management Inc

Wealth managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $252.1M
Reported positions: 43
Top holdings a year, 3 yrs: +12.2%
Assets under management: $271.2M

Hutner Capital Management Inc is a wealth manager that reported 43 positions worth $252.1M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Berkshire Hathaway Inc Del (BRK-A, 12.2%), Berkshire Hathaway Inc Del (BRK-B, 7.8%), Alphabet Inc (GOOG, 5.8%). A portfolio copying its top holdings returned 12.2% a year over the last 3 years, against 20.4% for the S&P 500.

Hutner Capital Management Inc holdings all 43 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Hutner Capital Management Inc 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BRK-ABerkshire Hathaway Inc Del	12.2%	12.1%	41	+0.0%	$30.7M
BRK-BBerkshire Hathaway Inc Del	7.8%	8.3%	39,297	-6.4%	$19.7M
GOOGAlphabet Inc	5.8%	4.7%	41,045	+2.9%	$14.5M
COSTCostco Wholesale Corporation	5.3%	5.8%	14,183	+0.7%	$13.3M
PMPhilip Morris Intl Inc	5.2%	4.9%	71,834	-0.3%	$13.0M
KOCoca Cola Co	5.0%	4.8%	154,028	+0.2%	$12.5M
JNJJohnson & Johnson	4.5%	4.5%	45,099	+0.1%	$11.5M
FNVFranco Nev Corp	4.0%	4.8%	48,444	+2.6%	$10.1M
ABBVAbbvie Inc	4.0%	3.6%	40,013	+0.0%	$10.1M
MCDMcdonalds Corp	3.8%	4.5%	35,234	+0.4%	$9.5M
PEPPepsico Inc	3.7%	4.2%	68,143	+2.5%	$9.2M
ENBEnbridge Inc	3.5%	3.6%	161,690	+0.6%	$8.8M
MOAltria Group Inc	3.2%	3.1%	113,040	-0.3%	$8.1M
PGProcter & Gamble Co	3.1%	3.2%	53,101	-0.7%	$7.8M
AXPAmerican Express Co	2.8%	2.6%	20,835	+1.2%	$7.0M
WMTWalmart Inc	2.6%	3.0%	57,724	-0.5%	$6.5M
AAPLApple Inc	2.6%	2.3%	22,289	+1.0%	$6.4M
EPDEnterprise Prods Partners L	2.0%	2.1%	138,729	+1.2%	$5.1M
ADIAnalog Devices Inc	1.8%	1.5%	11,731	+0.0%	$4.7M
CBChubb Limited	1.8%	1.6%	13,541	+14.4%	$4.6M
ABTAbbott Laboratories	1.6%	1.9%	43,797	-0.5%	$4.0M
UNPUnion Pac Corp	1.4%	1.2%	13,053	+4.3%	$3.6M
ORealty Income Corp.	1.3%	1.3%	54,267	+2.5%	$3.4M
VRSKVerisk Analytics Inc	1.3%	0.9%	17,641	+50.0%	$3.2M
VVisa Inc	1.2%	0.9%	8,478	+12.7%	$2.9M
GPCGenuine Parts Co	1.1%	1.0%	23,654	+0.0%	$2.8M
ORLYOreilly Automotive Inc	1.1%	1.1%	29,674	+0.7%	$2.7M
NSCNorfolk Southn Corporation	0.9%	0.9%	7,454	+0.0%	$2.3M
YUMYum Brands Inc	0.7%	0.7%	10,693	+3.6%	$1.7M
QSRRestaurant Brands Intl Inc	0.7%	0.5%	23,563	+30.9%	$1.7M
HSYHershey Co	0.7%	0.8%	9,378	+1.0%	$1.6M
PGRProgressive Corp	0.5%	0.5%	6,093	+0.8%	$1.3M
SHWSherwin Williams Co	0.5%	0.5%	3,731	+0.0%	$1.3M
WFCWells Fargo & Co	0.5%	0.5%	14,953	-0.2%	$1.2M
NVSNovartis AG	0.4%	0.4%	6,891	+0.8%	$1.1M
EXPDExpeditors Intl Wash Inc	0.4%	0.4%	6,485	+0.0%	$1.1M
DEODiageo PLC	0.3%	0.3%	9,194	-2.6%	$739K
WECWec Energy Group Inc	0.2%	0.3%	5,336	+0.0%	$623K
OKEOneok Inc New	0.2%	0.3%	6,962	+0.0%	$605K
MCOMoodys Corp	0.2%	0.2%	945	+0.0%	$428K
GOOGLAlphabet Inc	0.1%	0.1%	795	+0.1%	$284K
UPSUnited Parcel Svcs Inc	0.1%	0.1%	2,411	-1.4%	$259K
GLWCorning Inc	0.1%	New	800	—	$204K

What Hutner Capital Management Inc bought and sold in Q2 2026, against Q1 2026.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +9.7% /yr; S&P 500 +20.1%
3 years: +12.2% /yr; S&P 500 +20.4%
5 years: +9.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$252.1M	43
Q1 2026	$243.4M	44
Q4 2025	$239.6M	44
Q3 2025	$236.4M	44
Q2 2025	$219.8M	44
Q1 2025	$234.3M	48
Q4 2024	$207.1M	45
Q3 2024	$200.9M	45
Q2 2024	$182.4M	44
Q1 2024	$184.4M	43
Q4 2023	$169.7M	44
Q3 2023	$163.1M	45

Questions about Hutner Capital Management Inc's portfolio

What stocks does Hutner Capital Management Inc own?

Hutner Capital Management Inc's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 43 positions worth $252.1M. The largest are Berkshire Hathaway Inc Del (BRK-A) at 12.2%, Berkshire Hathaway Inc Del (BRK-B) at 7.8%, Alphabet Inc (GOOG) at 5.8%, Costco Wholesale Corporation (COST) at 5.3% and Philip Morris Intl Inc (PM) at 5.2%.

What did Hutner Capital Management Inc buy last quarter?

In Q2 2026, Hutner Capital Management Inc added a new position in Corning Inc (GLW), Verisk Analytics Inc (VRSK) (+50.0% shares), Restaurant Brands Intl Inc (QSR) (+30.9% shares) and Chubb Limited (CB) (+14.4% shares), compared with its Q1 2026 filing.

What did Hutner Capital Management Inc sell last quarter?

In Q2 2026, Hutner Capital Management Inc sold all of Zoetis Inc (ZTS), sold all of American Tower Corp (AMT) and Berkshire Hathaway Inc Del (BRK-B) (-6.4% shares), compared with its Q1 2026 filing.

How has Hutner Capital Management Inc's portfolio performed?

A portfolio copying Hutner Capital Management Inc's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +9.7% against +20.1%. Over 5 years: +9.0% a year against +11.6%.

When is Hutner Capital Management Inc's next 13F filing due?

13F filings are due 45 days after each quarter ends. Hutner Capital Management Inc's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Hutner Capital Management Inc manage?

Hutner Capital Management Inc reported $271.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $252.1M.