13F HOLDINGS REPORT
HUTNER CAPITAL MANAGEMENT INC
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0000944733-25-000006
Total Value
$236.4M
Positions
44
Other Managers
0
Confidential Omitted
No
Holdings (44)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc Cl A | BRK-A | 41 | $30.9M | 13.08% |
| 2 | Berkshire Hathaway Inc Cl B | BRK-A | 42,201 | $21.2M | 8.97% |
| 3 | Costco Whsl Corp | 22160K105 | 14,191 | $13.1M | 5.56% |
| 4 | Philip Morris International In | 718172109 | 74,067 | $12.0M | 5.08% |
| 5 | McDonald's Corp | MCD | 34,647 | $10.5M | 4.45% |
| 6 | Franco-Nevada Corp | FNV | 46,767 | $10.4M | 4.41% |
| 7 | Coca-Cola Company | KO | 155,194 | $10.3M | 4.35% |
| 8 | AbbVie Inc | ABBV | 42,120 | $9.8M | 4.13% |
| 9 | Alphabet Inc Class C | GOOG | 39,696 | $9.7M | 4.09% |
| 10 | PepsiCo Inc | PEP | 62,473 | $8.8M | 3.71% |
| 11 | Procter & Gamble Co | 742718109 | 53,941 | $8.3M | 3.51% |
| 12 | Johnson & Johnson | JNJ | 44,164 | $8.2M | 3.46% |
| 13 | Enbridge Inc | ENNPF | 154,684 | $7.8M | 3.30% |
| 14 | Altria Group Inc | MO | 114,174 | $7.5M | 3.19% |
| 15 | American Express Company | AXP | 20,660 | $6.9M | 2.90% |
| 16 | Walmart Inc | WMT | 59,834 | $6.2M | 2.61% |
| 17 | Abbott Labs | ABLZF | 43,162 | $5.8M | 2.45% |
| 18 | Apple Inc | AAPL | 22,117 | $5.6M | 2.38% |
| 19 | Enterprise Prods Partners LP | 293792107 | 137,784 | $4.3M | 1.82% |
| 20 | Genuine Parts Co | GPC | 24,899 | $3.5M | 1.46% |
| 21 | O'Reilly Automotive Inc | 67103H107 | 28,588 | $3.1M | 1.30% |
| 22 | Chubb Limited | CB | 10,471 | $3.0M | 1.25% |
| 23 | Realty Income Corp | O | 48,206 | $2.9M | 1.24% |
| 24 | Union Pacific Corp | UNP | 12,326 | $2.9M | 1.23% |
| 25 | Verisk Analytics | VRSK | 11,200 | $2.8M | 1.19% |
| 26 | Analog Devices Inc | ADI | 11,278 | $2.8M | 1.17% |
| 27 | Norfolk Southern Corp | 655844108 | 7,454 | $2.2M | 0.95% |
| 28 | Visa Inc | V | 5,020 | $1.7M | 0.72% |
| 29 | Diageo PLC Sponsored ADR | DGEAF | 16,768 | $1.6M | 0.68% |
| 30 | Hershey Company | HSY | 8,518 | $1.6M | 0.67% |
| 31 | Progressive Corp | 743315103 | 5,540 | $1.4M | 0.58% |
| 32 | Wells Fargo & Co | 949746101 | 15,104 | $1.3M | 0.54% |
| 33 | Oneok, Inc | OKE | 16,047 | $1.2M | 0.50% |
| 34 | Yum Brands Inc | YUM | 7,703 | $1.2M | 0.50% |
| 35 | Sherwin-Williams Co. | SHW | 3,111 | $1.1M | 0.46% |
| 36 | Restaurant Brands Internationa | 76131D103 | 15,786 | $1.0M | 0.43% |
| 37 | Novartis International AG ADR | NVSEF | 6,433 | $824,935 | 0.35% |
| 38 | Expeditors International | 302130109 | 6,516 | $798,849 | 0.34% |
| 39 | WEC Energy Group Inc | WEC | 5,427 | $621,880 | 0.26% |
| 40 | Moody's Corp | MCO | 945 | $450,274 | 0.19% |
| 41 | Zoetis Inc Cl A | ZTS | 2,729 | $399,325 | 0.17% |
| 42 | United Parcel Svc Inc Cl B | UPS | 4,388 | $366,550 | 0.16% |
| 43 | American Tower Systems Corp Cl | 03027X100 | 1,510 | $290,358 | 0.12% |
| 44 | Mondelez International Inc | 609207105 | 3,398 | $212,273 | 0.09% |