HUTNER CAPITAL MANAGEMENT INC

Est. AUM

$243.4M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

View filings ↗

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	Berkshire Hathaway Inc Cl A	COM	$29.4M	41	12.10%	SOLE
2	Berkshire Hathaway Inc Cl B	COM	$20.1M	41962	8.26%	SOLE
3	Costco Whsl Corp	COM	$14.0M	14085	5.77%	SOLE
4	Philip Morris International In	COM	$11.9M	72083	4.90%	SOLE
5	Coca-Cola Company	COM	$11.7M	153656	4.80%	SOLE
6	Franco-Nevada Corp	COM	$11.7M	47226	4.79%	SOLE
7	Alphabet Inc Class C	COM	$11.4M	39872	4.70%	SOLE
8	Johnson & Johnson	COM	$11.0M	45062	4.53%	SOLE
9	McDonald's Corp	COM	$10.9M	35104	4.48%	SOLE
10	PepsiCo Inc	COM	$10.3M	66492	4.24%	SOLE
11	AbbVie Inc	COM	$8.7M	40006	3.57%	SOLE
12	Enbridge Inc	COM	$8.7M	160656	3.57%	SOLE
13	Procter & Gamble Co	COM	$7.7M	53474	3.17%	SOLE
14	Altria Group Inc	COM	$7.5M	113334	3.07%	SOLE
15	Walmart Inc	COM	$7.2M	58016	2.96%	SOLE
16	American Express Company	COM	$6.2M	20596	2.56%	SOLE
17	Apple Inc	COM	$5.6M	22071	2.30%	SOLE
18	Enterprise Prods Partners LP	COM	$5.2M	137053	2.13%	SOLE
19	Abbott Labs	COM	$4.5M	44022	1.86%	SOLE
20	Chubb Limited	COM	$3.9M	11839	1.59%	SOLE
21	Analog Devices Inc	COM	$3.7M	11731	1.53%	SOLE
22	Realty Income Corp	COM	$3.2M	52954	1.33%	SOLE
23	Union Pacific Corp	COM	$3.0M	12515	1.25%	SOLE
24	O'Reilly Automotive Inc	COM	$2.7M	29464	1.12%	SOLE
25	Genuine Parts Co	COM	$2.5M	23653	1.03%	SOLE
26	Visa Inc	COM	$2.3M	7523	0.93%	SOLE
27	Verisk Analytics	COM	$2.2M	11758	0.92%	SOLE
28	Norfolk Southern Corp	COM	$2.1M	7454	0.88%	SOLE
29	Hershey Company	COM	$1.9M	9287	0.79%	SOLE
30	Yum Brands Inc	COM	$1.6M	10317	0.66%	SOLE
31	Restaurant Brands Internationa	COM	$1.3M	17997	0.55%	SOLE
32	Progressive Corp	COM	$1.2M	6043	0.49%	SOLE
33	Sherwin-Williams Co.	COM	$1.2M	3731	0.49%	SOLE
34	Wells Fargo & Co	COM	$1.2M	14987	0.49%	SOLE
35	Novartis International AG ADR	ADR	$1.0M	6834	0.43%	SOLE
36	Expeditors International	COM	$929K	6485	0.38%	SOLE
37	Diageo PLC Sponsored ADR	ADR	$703K	9444	0.29%	SOLE
38	Oneok, Inc	COM	$629K	6962	0.26%	SOLE
39	WEC Energy Group Inc	COM	$618K	5336	0.25%	SOLE
40	Moody's Corp	COM	$412K	945	0.17%	SOLE
41	Zoetis Inc Cl A	COM	$323K	2729	0.13%	SOLE
42	United Parcel Svc Inc Cl B	COM	$240K	2444	0.10%	SOLE
43	Alphabet Inc Class A	COM	$228K	794	0.09%	SOLE
44	American Tower Systems Corp Cl	COM	$214K	1237	0.09%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.