13F Insight
DOSSIER · 13F-HR · Q2 2026

HUTNER CAPITAL MANAGEMENT INC

$252M in tracked AUM across 43 positions as of Q2 2026.

HC
CIK 0000944733 · last filed Jun 30, 2026
Total AUM
$252M
as of Q2 2026
Holdings
43
—
positions
Whale Score
59
59
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

Hutner Capital Management Inc. manages a concentrated portfolio valued at approximately $63.22 million as of September 30, 2025. The firm employs a high-conviction strategy, holding a relatively small number of positions (15) with significant capital allocated to top-tier names. The portfolio experienced solid growth during the quarter, increasing in value by 10.8% from $57.06 million. This performance was driven by a combination of positive market movements in existing h...

The portfolio is heavily skewed toward its top five assets, which collectively command 75.78% of total assets. This top-heavy structure indicates a strategy that relies on the manager's high confidence in specific "core" holdings rather than broad diversification. The turnover for the quarter was low to moderate, characterized by incremental position sizing adjustments rather than a complete overhaul of the investment thesis. Notably, the manager did not initiate any new positions or liquidate existing ones entirely, signaling a commitment to the current roster of companies.

Key Holdings

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
BRK/A
Berkshire Hathaway Inc Cl A
$31M4112.2%02
BRK/B
Berkshire Hathaway Inc Cl B
$20M39K7.8%03
GOOG
Alphabet Inc Class C
$15M41K5.8%04
COST
Costco Whsl Corp
$13M14K5.3%05
PM
Philip Morris International In
$13M72K5.2%06
KO
Coca-Cola Company
$13M154K5.0%07
JNJ
Johnson & Johnson
$11M45K4.5%08
FNV
Franco-Nevada Corp
$10M48K4.0%09
ABBV
AbbVie Inc
$10M40K4.0%10
MCD
McDonald's Corp
$10M35K3.8%

Filing history

2026Q2Jun 30
$252M▲ 3.6%
43 positionsView →2026Q1Mar 31
$243M▲ 1.6%
44 positionsView →2025Q4Dec 31
$240M▲ 279.0%
44 positionsView →2025Q3Sep 30
$63M▲ 10.8%
15 positionsView →2025Q2Jun 30
$57M▼ 2.8%
15 positionsLocked2025Q1Mar 31
$59M▼ 71.7%
17 positionsLocked2024Q4Dec 31
$207M▲ 3.1%
45 positionsLocked2024Q3Sep 30
$201M▲ 10.1%
45 positionsLocked2024Q2Jun 30
$182M▼ 1.1%
44 positionsLocked2024Q1Mar 31
$184M▲ 8.7%
43 positionsLocked2023Q4Dec 31
$170M▲ 4.1%
44 positionsLocked2023Q3Sep 30
$163M▼ 4.7%
45 positionsLocked
Showing 12 of 38