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Hutner Capital Management Inc.

CIK:0000944733
Investment Adviser
$194M AUM
44 holdings
Manchester, VT, United States
Founded:1996
4 employees
Latest filing:Jun 30, 2025

Hutner Capital Management, Inc. is an SEC-registered investment adviser based in Manchester, Vermont. Founded in 1996, the firm is a boutique independent asset manager, primarily serving high net worth individuals and pooled investment vehicles. As of 2024 it manages approximately $194 million in assets and employs a lean team of four professionals. The firm focuses on discretionary portfolio management and related investment advisory services.

Investment Strategy

Hutner Capital Management targets long-term investment growth through discretionary portfolio management. Its approach focuses on equity securities, emphasizing blue-chip, large-cap, and high-quality firms, while also investing via limited partnerships in more specialized situations. The strategy involves constructing diversified, risk-aware portfolios tailored to the objectives of high net worth individuals, pooled investment vehicles, and select pension plans, with ongoing monitoring and tactical rebalancing reflecting a fundamental-driven philosophy.

Latest 13F Filing Activity

Hutner Capital Management Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 44 equity positions with a total 13F market value of $220M. The fund increased holdings in Philip Morris International in, Visa Inc., American Express Company among other positions. Hutner Capital Management Inc. reduced exposure to Berkshire Hathaway Inc. CL A, Johnson & Johnson, Abbvie Inc. among others.

Top Buys
P
PMPhilip Morris International In
+$949.5K
V
VVisa Inc
+$611.9K
A
AXPAmerican Express Company
+$587.6K
E
ENBEnbridge Inc
+$520.7K
C
CBChubb Limited
+$445.2K
Top Sells
B
BRK-ABerkshire Hathaway Inc Cl A
-$10.1M
J
JNJJohnson & Johnson
-$1.4M
A
ABBVAbbVie Inc
-$1.2M
P
PEPPepsiCo Inc
-$918.9K
P
PGProcter & Gamble Co
-$708.8K

Top Holdings

B
BRK-ABerkshire Hathaway Inc Cl A
+13.9%$30.6M
B
BRK-BBerkshire Hathaway Inc Cl B
+9.1%$20.1M
C
COSTCostco Whsl Corp
+6.4%$14.1M
P
PMPhilip Morris International In
+6.1%$13.4M
K
KOCoca-Cola Company
+4.9%$10.8M

Equity Positions (44)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
Berkshire Hathaway Inc Cl A13.92%$30.6M42$216220.00$728800.00-$10.1M
Berkshire Hathaway Inc Cl B9.13%$20.1M41,301$244.91$485.77-$157.1K
Costco Whsl Corp6.41%$14.1M14,227$154.29$989.94-$596.5K
Philip Morris International In6.10%$13.4M73,616$96.93$182.13+$949.5K
Coca-Cola Company4.92%$10.8M153,003$46.46$70.75+$30.5K

Industry Allocation

FIRE, MARINE & CASUALTY INSURANCE
+23.9%
PHARMACEUTICAL PREPARATIONS
+10.6%
BEVERAGES
+8.7%
CIGARETTES
+8.3%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+8.2%