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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 (2016Q4)
Portfolio Summary: 43 holdings with a total value of $120,561,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 57 13,915,000 11.54%
2 COCA COLA CO 203,659 8,444,000 7.00%
3 JOHNSON & JOHNSON 61,435 7,078,000 5.87%
4 PEPSICO INC 65,343 6,837,000 5.67%
5 BERKSHIRE HATHAWAY INC DEL 41,861 6,823,000 5.66%
6 MCDONALDS CORP 52,931 6,443,000 5.34%
7 PROCTER AND GAMBLE CO 75,823 6,375,000 5.29%
8 ALTRIA GROUP INC 89,615 6,060,000 5.03%
9 PHILIP MORRIS INTL INC 58,450 5,348,000 4.44%
10 WELLS FARGO & CO NEW 92,702 5,109,000 4.24%
11 KRAFT HEINZ CO 45,097 3,938,000 3.27%
12 COSTCO WHSL CORP NEW 23,407 3,748,000 3.11%
13 ANHEUSER BUSCH INBEV SA/NV 34,007 3,586,000 2.97%
14 INTERNATIONAL BUSINESS MACHS 19,823 3,290,000 2.73%
15 DIAGEO P L C 29,592 3,076,000 2.55%
16 NORFOLK SOUTHN CORP 27,107 2,929,000 2.43%
17 WAL-MART STORES INC 37,969 2,624,000 2.18%
18 AMERICAN EXPRESS CO 33,717 2,498,000 2.07%
19 ENTERPRISE PRODS PARTNERS L 80,309 2,172,000 1.80%
20 GENUINE PARTS CO 22,605 2,160,000 1.79%
21 ENBRIDGE ENERGY PARTNERS L P 82,135 2,093,000 1.74%
22 NATIONAL GRID PLC 29,927 1,746,000 1.45%
23 AbbVie Inc 26,992 1,690,000 1.40%
24 VERISK ANALYTICS INC 19,703 1,599,000 1.33%
25 ABBOTT LABS 40,210 1,544,000 1.28%
26 KINDER MORGAN, INCORPORATED. PFD SER A 29,100 1,416,000 1.17%
27 MONDELEZ INTL INC 30,344 1,345,000 1.12%
28 UNITED PARCEL SERVICE INC 7,298 837,000 0.69%
29 BRITISH AMERN TOB PLC 7,240 816,000 0.68%
30 EXXON MOBIL CORP 6,893 622,000 0.52%
31 Enbridge Energy Management LLC 23,029 596,000 0.49%
32 M & T BK CORP 3,181 498,000 0.41%
33 Restaurant Brands Int'l 10,290 491,000 0.41%
34 CVS HEALTH CORP 5,672 448,000 0.37%
35 VECTREN CORP 7,345 383,000 0.32%
36 MAGELLAN MIDSTREAM PRTNRS LP 4,500 340,000 0.28%
37 REALTY INCOME CORP 5,900 339,000 0.28%
38 UNION PAC CORP 2,895 300,000 0.25%
39 UNILEVER PLC 6,841 278,000 0.23%
40 WELLS FARGO & CO NEW 11,725 250,000 0.21%
41 EXPEDITORS INTL WASH INC 4,580 243,000 0.20%
42 WEC ENERGY GROUP INC 3,990 234,000 0.19%
43 KINDER MORGAN INC 17WTS EXP 05 51,950 0 0.00%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000944733-17-000001, filed 2017.02.15).

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.