Latest HUTNER CAPITAL MANAGEMENT INC Stock Portfolio

HUTNER CAPITAL MANAGEMENT INC Performance:

2025 Q4: 0.54%YTD: 13.12%2024: 15.81%

Performance for 2025 Q4 is 0.54%, and YTD is 13.12%, and 2024 is 15.81%.

About HUTNER CAPITAL MANAGEMENT INC and 13F Hedge Fund Stock Holdings

HUTNER CAPITAL MANAGEMENT INC is a hedge fund based in Manchester, VT. On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, HUTNER CAPITAL MANAGEMENT INC reported an equity portfolio of $239.6 Millions as of 31 Dec, 2025.

The top stock holdings of HUTNER CAPITAL MANAGEMENT INC are , , GOOG. The fund has invested 12.9% of it's portfolio in BERKSHIRE HATHAWAY INC CL A and 8.8% of portfolio in BERKSHIRE HATHAWAY INC CL B.

The fund managers got completely rid off MONDELEZ INTERNATIONAL INC (MDLZ) stocks. They significantly reduced their stock positions in ONEOK, INC (OKE), AMERICAN TOWER SYSTEMS CORP CL (AMT) and WALMART INC (WMT). HUTNER CAPITAL MANAGEMENT INC opened new stock positions in ALPHABET INC CLASS A (GOOG). The fund showed a lot of confidence in some stocks as they added substantially to VISA INC (V), YUM BRANDS INC (YUM) and SHERWIN-WILLIAMS CO. (SHW).

HUTNER CAPITAL MANAGEMENT INC Annual Return Estimates Vs S&P 500

Our best estimate is that HUTNER CAPITAL MANAGEMENT INC made a return of 0.54% in the last quarter. In trailing 12 months, it's portfolio return was 13.12%.

Performance
S&P 500

New Buys

Ticker	$ Bought
alphabet inc class a	248,663

New stocks bought by HUTNER CAPITAL MANAGEMENT INC

Additions

Ticker	% Inc.
visa inc	37.91
yum brands inc	27.24
sherwin-williams co.	15.88
restaurant brands internationa	12.68
progressive corp	9.01
hershey company	8.99
chubb limited	7.71
realty income corp	6.92

Additions to existing portfolio by HUTNER CAPITAL MANAGEMENT INC

Reductions

Ticker	% Reduced
oneok, inc	-56.61
american tower systems corp cl	-2.78
walmart inc	-2.76
wec energy group inc	-1.31
american express company	-1.21
united parcel svc inc cl b	-1.09
diageo plc sponsored adr	-0.97
coca-cola company	-0.79

HUTNER CAPITAL MANAGEMENT INC reduced stake in above stock

Sold off

Ticker	$ Sold
mondelez international inc	-212,273

HUTNER CAPITAL MANAGEMENT INC got rid off the above stocks

Sector Distribution

HUTNER CAPITAL MANAGEMENT INC has about 27.8% of it's holdings in Consumer Defensive sector.

Sector	%
Consumer Defensive	27.8
Others	26.8
Healthcare	10.3
Consumer Cyclical	8
Financial Services	7
Communication Services	5.3
Energy	5.2
Technology	3.8
Industrials	3.7
Real Estate	1.3

Market Cap. Distribution

HUTNER CAPITAL MANAGEMENT INC has about 73.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	49.2
UNALLOCATED	26.8
LARGE-CAP	24

Stocks belong to which Index?

About 67.7% of the stocks held by HUTNER CAPITAL MANAGEMENT INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	67.7
Others	32.3

Top 5 Winners (%)		%
GOOG	alphabet inc class c	28.8 %
EXPD	expeditors international	21.5 %
UPS	united parcel svc inc cl b	18.6 %
JNJ	johnson & johnson	11.5 %
AXP	american express company	11.3 %

Top 5 Winners ($)		$
GOOG	alphabet inc class c	2.8 M
JNJ	johnson & johnson	1.0 M
AXP	american express company	0.8 M
KO	coca-cola company	0.6 M
WMT	walmart inc	0.5 M

Top 5 Losers (%)		%
ORLY	o'reilly automotive inc	-15.2 %
ZTS	zoetis inc cl a	-14.0 %
MO	altria group inc	-12.7 %
GPC	genuine parts co	-11.3 %
VRSK	verisk analytics	-11.1 %

Top 5 Losers ($)		$
MO	altria group inc	-1.0 M
COST	costco whsl corp	-0.9 M
FNV	franco-nevada corp	-0.7 M
PG	procter & gamble co	-0.6 M
ORLY	o'reilly automotive inc	-0.5 M

HUTNER CAPITAL MANAGEMENT INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of HUTNER CAPITAL MANAGEMENT INC

HUTNER CAPITAL MANAGEMENT INC has 44 stocks in it's portfolio. About 57.8% of the portfolio is in top 10 stocks. MO proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for HUTNER CAPITAL MANAGEMENT INC last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.51	22,085	6,004,150	reduced	-0.14

ABBV	abbvie inc	3.99	41,872	9,567,360	reduced	-0.59

ABT	abbott labs	2.30	43,996	5,512,220	added	1.93

ADI	analog devices inc	1.33	11,741	3,184,110	added	4.11

AMT	american tower systems corp cl	0.11	1,468	257,728	reduced	-2.78

AXP	american express company	3.15	20,409	7,550,210	reduced	-1.21

CB	chubb limited	1.47	11,278	3,519,950	added	7.71

COST	costco whsl corp	5.07	14,094	12,153,500	reduced	-0.68

DEO	diageo plc sponsored adr	0.60	16,606	1,432,640	reduced	-0.97

ENB	enbridge inc	3.19	159,798	7,643,150	added	3.31

EPD	enterprise prods partners lp	1.83	137,053	4,393,920	reduced	-0.53

EXPD	expeditors international	0.40	6,492	967,360	reduced	-0.37

FNV	franco-nevada corp	4.09	47,233	9,790,520	added	1.00

GOOG	alphabet inc class c	5.19	39,654	12,443,500	reduced	-0.11

GOOG	alphabet inc class a	0.10	794	248,663	new

GPC	genuine parts co	1.28	25,028	3,077,450	added	0.52

HSY	hershey company	0.70	9,284	1,689,430	added	8.99

JNJ	johnson & johnson	3.90	45,214	9,357,060	added	2.38

KO	coca-cola company	4.49	153,961	10,763,400	reduced	-0.79

MCD	mcdonald's corp	4.46	34,955	10,683,200	added	0.89