HUTNER CAPITAL MANAGEMENT INC

Q4 2025 13F-HR Holdings

Location
Manchester, VT
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
44
Total value ($000)
$239,596
Net value change ($000)
+3,197 (1.4%)
New positions
1
Sold out positions
1
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 2,776 28.7%
JNJ 1,168 14.3%
V 714 41.7%
AXP 688 10.0%
PEP 586 6.7%
CB 565 19.1%
KO 471 4.6%
ADI 413 14.9%
AAPL 372 6.6%
WMT 315 5.1%
Top Reduces (Value $000, Stocks/ETFs)
MO -996 -13.2%
COST -982 -7.5%
OKE -659 -56.3%
FNV -634 -6.1%
PG -576 -6.9%
ORLY -401 -13.0%
GPC -374 -10.8%
VRSK -312 -11.1%
ABT -269 -4.7%
MDLZ -212 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type