HUTNER CAPITAL MANAGEMENT INC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Franco-Nevada Corp(FNV) | 44,995 | 46,767 | +1,772 | 7,375,560 | 10,424,850 | 4.41% | +3,049,290 |
| Alphabet Inc Class C(GOOG) | 38,790 | 39,696 | +906 | 6,880,943 | 9,667,974 | 4.09% | +2,787,031 |
| AbbVie Inc(ABBV) | 41,964 | 42,120 | +156 | 7,789,319 | 9,752,389 | 4.13% | +1,963,070 |
| Johnson & Johnson(JNJ) | 42,631 | 44,164 | +1,533 | 6,511,918 | 8,188,902 | 3.46% | +1,676,984 |
| PepsiCo Inc(PEP) | 54,957 | 62,473 | +7,516 | 7,256,565 | 8,773,682 | 3.71% | +1,517,117 |
| Apple Inc(AAPL) | 20,094 | 22,117 | +2,023 | 4,122,632 | 5,631,739 | 2.38% | +1,509,107 |
| Berkshire Hathaway Inc Cl B | 41,301 | 42,201 | +900 | 20,062,610 | 21,216,149 | 8.97% | +1,153,539 |
| Enbridge Inc(ENB) | 147,628 | 154,684 | +7,056 | 6,690,502 | 7,805,363 | 3.30% | +1,114,861 |
| Altria Group Inc(MO) | 110,894 | 114,174 | +3,280 | 6,501,730 | 7,542,361 | 3.19% | +1,040,631 |
| Genuine Parts Co(GPC) | 22,622 | 24,899 | +2,277 | 2,744,335 | 3,450,963 | 1.46% | +706,628 |
| O'Reilly Automotive Inc(ORLY) | 28,607 | 28,588 | -19 | 2,578,354 | 3,082,079 | 1.30% | +503,725 |
| McDonald's Corp(MCD) | 34,351 | 34,647 | +296 | 10,036,424 | 10,528,922 | 4.45% | +492,498 |
| Norfolk Southern Corp(NSC) | 7,344 | 7,454 | +110 | 1,879,832 | 2,239,243 | 0.95% | +359,411 |
| Hershey Company(HSY) | 7,595 | 8,518 | +923 | 1,260,427 | 1,593,222 | 0.67% | +332,795 |
| Realty Income Corp(O) | 45,140 | 48,206 | +3,066 | 2,600,518 | 2,930,446 | 1.24% | +329,928 |
| Berkshire Hathaway Inc Cl A | 42 | 41 | -1 | 30,609,600 | 30,922,200 | 13.08% | +312,600 |
| Walmart Inc(WMT) | 59,899 | 59,834 | -65 | 5,856,914 | 6,166,533 | 2.61% | +309,619 |
| American Express Company(AXP) | 20,659 | 20,660 | +1 | 6,589,933 | 6,862,283 | 2.90% | +272,350 |
| Analog Devices Inc(ADI) | 10,546 | 11,278 | +732 | 2,510,205 | 2,770,889 | 1.17% | +260,684 |
| Yum Brands Inc(YUM) | 6,324 | 7,703 | +1,379 | 937,083 | 1,170,918 | 0.50% | +233,835 |
| Visa Inc(V) | 4,334 | 5,020 | +686 | 1,538,633 | 1,713,618 | 0.72% | +174,985 |
| Union Pacific Corp(UNP) | 11,948 | 12,326 | +378 | 2,749,082 | 2,913,429 | 1.23% | +164,347 |
| Sherwin-Williams Co.(SHW) | 2,715 | 3,111 | +396 | 932,179 | 1,077,193 | 0.46% | +145,014 |
| Abbott Labs | 41,474 | 43,162 | +1,688 | 5,640,860 | 5,781,168 | 2.45% | +140,308 |
| Novartis International AG ADR(NVS) | 5,787 | 6,433 | +646 | 700,254 | 824,935 | 0.35% | +124,681 |
| Chubb Limited | 9,816 | 10,471 | +655 | 2,843,882 | 2,955,407 | 1.25% | +111,525 |
| Zoetis Inc Cl A(ZTS) | 1,977 | 2,729 | +752 | 308,292 | 399,325 | 0.17% | +91,033 |
| Enterprise Prods Partners LP(EPD) | 136,489 | 137,784 | +1,295 | 4,232,524 | 4,308,506 | 1.82% | +75,982 |
| WEC Energy Group Inc(WEC) | 5,427 | 5,427 | 0 | 565,493 | 621,880 | 0.26% | +56,387 |
| Wells Fargo & Co(WFC) | 15,118 | 15,104 | -14 | 1,211,223 | 1,266,027 | 0.54% | +54,804 |
| Expeditors International(EXPD) | 6,526 | 6,516 | -10 | 745,644 | 798,849 | 0.34% | +53,205 |
| Mondelez International Inc(MDLZ) | 3,398 | 3,398 | 0 | 229,161 | 212,273 | 0.09% | -16,888 |
| Moody's Corp(MCO) | 945 | 945 | 0 | 474,003 | 450,274 | 0.19% | -23,729 |
| Restaurant Brands Internationa(QSR) | 15,954 | 15,786 | -168 | 1,057,610 | 1,012,546 | 0.43% | -45,064 |
| American Tower Systems Corp Cl(AMT) | 1,538 | 1,510 | -28 | 339,842 | 290,358 | 0.12% | -49,484 |
| Progressive Corp(PGR) | 5,354 | 5,540 | +186 | 1,428,851 | 1,368,180 | 0.58% | -60,671 |
| United Parcel Svc Inc Cl B(UPS) | 4,403 | 4,388 | -15 | 444,415 | 366,550 | 0.16% | -77,865 |
| Diageo PLC Sponsored ADR(DEO) | 16,768 | 16,768 | 0 | 1,690,849 | 1,600,136 | 0.68% | -90,713 |
| Procter & Gamble Co(PG) | 53,226 | 53,941 | +715 | 8,480,041 | 8,287,975 | 3.51% | -192,066 |
| Oneok, Inc(OKE) | 19,984 | 16,047 | -3,937 | 1,631,294 | 1,170,950 | 0.50% | -460,344 |
| Coca-Cola Company(KO) | 153,003 | 155,194 | +2,191 | 10,824,935 | 10,292,441 | 4.35% | -532,494 |
| Verisk Analytics(VRSK) | 11,200 | 11,200 | 0 | 3,488,800 | 2,816,912 | 1.19% | -671,888 |
| Costco Whsl Corp(COST) | 14,227 | 14,191 | -36 | 14,083,454 | 13,135,238 | 5.56% | -948,216 |
| Philip Morris International In(PM) | 73,616 | 74,067 | +451 | 13,407,632 | 12,013,612 | 5.08% | -1,394,020 |