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Institutional Investment Manager
HUTNER CAPITAL MANAGEMENT INC
HUTNER CAPITAL MANAGEMENT INC (CIK: 0000944733). Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 42 holdings with a total value of $117,814,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 57 12,325,000 10.46%
2 COCA COLA CO 202,888 8,586,000 7.29%
3 JOHNSON & JOHNSON 60,492 7,146,000 6.07%
4 PEPSICO INC 64,268 6,990,000 5.93%
5 PROCTER AND GAMBLE CO 75,803 6,803,000 5.77%
6 BERKSHIRE HATHAWAY INC DEL 41,316 5,969,000 5.07%
7 MCDONALDS CORP 51,691 5,963,000 5.06%
8 ALTRIA GROUP INC 87,760 5,549,000 4.71%
9 PHILIP MORRIS INTL INC 56,050 5,449,000 4.63%
10 ANHEUSER BUSCH INBEV SA/NV 31,717 4,168,000 3.54%
11 WELLS FARGO & CO NEW 91,527 4,053,000 3.44%
12 KRAFT HEINZ CO 42,377 3,793,000 3.22%
13 COSTCO WHSL CORP NEW 23,447 3,576,000 3.04%
14 DIAGEO P L C 29,047 3,371,000 2.86%
15 INTERNATIONAL BUSINESS MACHS 19,933 3,166,000 2.69%
16 WAL-MART STORES INC 39,599 2,856,000 2.42%
17 NORFOLK SOUTHN CORP 27,532 2,672,000 2.27%
18 AMERICAN EXPRESS CO 36,187 2,317,000 1.97%
19 GENUINE PARTS CO 22,490 2,259,000 1.92%
20 ENTERPRISE PRODS PARTNERS L 78,579 2,171,000 1.84%
21 NATIONAL GRID PLC 29,927 2,128,000 1.81%
22 ENBRIDGE ENERGY PARTNERS L P 79,900 2,032,000 1.72%
23 ABBOTT LABS 44,115 1,866,000 1.58%
24 VERISK ANALYTICS INC 22,003 1,788,000 1.52%
25 AbbVie Inc 28,342 1,788,000 1.52%
26 MONDELEZ INTL INC 30,844 1,354,000 1.15%
27 KINDER MORGAN, INCORPORATED. PFD SER A 27,025 1,353,000 1.15%
28 BRITISH AMERN TOB PLC 6,820 871,000 0.74%
29 EXXON MOBIL CORP 8,558 747,000 0.63%
30 UNITED PARCEL SERVICE INC 6,583 720,000 0.61%
31 Enbridge Energy Management LLC 22,031 560,000 0.48%
32 CVS HEALTH CORP 6,161 548,000 0.47%
33 Restaurant Brands Int'l 9,555 425,000 0.36%
34 M & T BK CORP 3,422 397,000 0.34%
35 REALTY INCOME CORP 5,900 395,000 0.34%
36 VECTREN CORP 7,345 369,000 0.31%
37 UNILEVER PLC 6,841 324,000 0.28%
38 MAGELLAN MIDSTREAM PRTNRS LP 4,500 318,000 0.27%
39 EXPEDITORS INTL WASH INC 5,030 259,000 0.22%
40 WEC ENERGY GROUP INC 4,165 249,000 0.21%
41 WELLS FARGO & CO NEW 11,225 140,000 0.12%
42 KINDER MORGAN INC 17WTS EXP 05 51,950 1,000 0.00%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000944733-16-000004, filed 2016.11.15).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.