13F HOLDINGS REPORT
HUTNER CAPITAL MANAGEMENT INC
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0000944733-26-000001
Total Value
$239.6M
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 | 12.92% |
| 2 | Berkshire Hathaway Inc Cl B | BRK-A | 41,919 | $21.1M | 8.79% |
| 3 | Alphabet Inc Class C | GOOG | 39,654 | $12.4M | 5.19% |
| 4 | Costco Whsl Corp | 22160K105 | 14,094 | $12.2M | 5.07% |
| 5 | Philip Morris International In | 718172109 | 73,603 | $11.8M | 4.93% |
| 6 | Coca-Cola Company | KO | 153,961 | $10.8M | 4.49% |
| 7 | McDonald's Corp | MCD | 34,955 | $10.7M | 4.46% |
| 8 | Franco-Nevada Corp | FNV | 47,233 | $9.8M | 4.09% |
| 9 | AbbVie Inc | ABBV | 41,872 | $9.6M | 3.99% |
| 10 | PepsiCo Inc | PEP | 65,214 | $9.4M | 3.91% |
| 11 | Johnson & Johnson | JNJ | 45,214 | $9.4M | 3.91% |
| 12 | Procter & Gamble Co | 742718109 | 53,814 | $7.7M | 3.22% |
| 13 | Enbridge Inc | ENNPF | 159,798 | $7.6M | 3.19% |
| 14 | American Express Company | AXP | 20,409 | $7.6M | 3.15% |
| 15 | Altria Group Inc | MO | 113,534 | $6.5M | 2.73% |
| 16 | Walmart Inc | WMT | 58,185 | $6.5M | 2.71% |
| 17 | Apple Inc | AAPL | 22,085 | $6.0M | 2.51% |
| 18 | Abbott Labs | ABLZF | 43,996 | $5.5M | 2.30% |
| 19 | Enterprise Prods Partners LP | 293792107 | 137,053 | $4.4M | 1.83% |
| 20 | Chubb Limited | CB | 11,278 | $3.5M | 1.47% |
| 21 | Analog Devices Inc | ADI | 11,741 | $3.2M | 1.33% |
| 22 | Genuine Parts Co | GPC | 25,028 | $3.1M | 1.28% |
| 23 | Realty Income Corp | O | 51,541 | $2.9M | 1.21% |
| 24 | Union Pacific Corp | UNP | 12,276 | $2.8M | 1.19% |
| 25 | O'Reilly Automotive Inc | 67103H107 | 29,395 | $2.7M | 1.12% |
| 26 | Verisk Analytics | VRSK | 11,200 | $2.5M | 1.05% |
| 27 | Visa Inc | V | 6,923 | $2.4M | 1.01% |
| 28 | Norfolk Southern Corp | 655844108 | 7,454 | $2.2M | 0.90% |
| 29 | Hershey Company | HSY | 9,284 | $1.7M | 0.71% |
| 30 | Yum Brands Inc | YUM | 9,801 | $1.5M | 0.62% |
| 31 | Diageo PLC Sponsored ADR | DGEAF | 16,606 | $1.4M | 0.60% |
| 32 | Wells Fargo & Co | 949746101 | 15,087 | $1.4M | 0.59% |
| 33 | Progressive Corp | 743315103 | 6,039 | $1.4M | 0.57% |
| 34 | Restaurant Brands Internationa | 76131D103 | 17,788 | $1.2M | 0.51% |
| 35 | Sherwin-Williams Co. | SHW | 3,605 | $1.2M | 0.49% |
| 36 | Expeditors International | 302130109 | 6,492 | $967,360 | 0.40% |
| 37 | Novartis International AG ADR | NVSEF | 6,832 | $941,893 | 0.39% |
| 38 | WEC Energy Group Inc | WEC | 5,356 | $564,844 | 0.24% |
| 39 | Oneok, Inc | OKE | 6,962 | $511,707 | 0.21% |
| 40 | Moody's Corp | MCO | 945 | $482,753 | 0.20% |
| 41 | United Parcel Svc Inc Cl B | UPS | 4,340 | $430,533 | 0.18% |
| 42 | Zoetis Inc Cl A | ZTS | 2,729 | $343,379 | 0.14% |
| 43 | American Tower Systems Corp Cl | 03027X100 | 1,468 | $257,728 | 0.11% |
| 44 | Alphabet Inc Class A | GOOG | 794 | $248,663 | 0.10% |