Hutner Capital Management Inc.

Hutner Capital Management, Inc. provides discretionary investment management to individuals, trusts, estates, charitable organizations, and corporations, overseeing roughly $271 million across about 120 client accounts. The firm’s client base is weighted toward high‑net‑worth individuals and it generally limits new relationships to accounts of $1 million or more while offering an asset‑based custody option for smaller accounts.

The firm’s investment approach centers on fundamental, microeconomic analysis of individual companies with a focus on long‑term holdings for growth or for current and growing income and an emphasis on capital preservation; most positions are held for five years or longer. It also takes opportunistic, shorter‑term positions in special situations (mergers, spin‑offs, bankruptcies) and, in select accounts, uses limited options strategies (writing covered calls and buying puts or calls) as a hedging or tactical tool.

What distinguishes Hutner Capital from many peers is its role as sponsor and adviser to affiliated private investment partnerships and its management of pooled investment vehicles, arrangements for which partnership investors may pay performance‑based fees; the firm treats those partnerships as advisory client accounts and has written allocation and review procedures to address potential conflicts. The firm also retains custody for a small number of related‑party accounts (11 accounts totaling roughly $85 million) and uses negotiated institutional custody and brokerage arrangements to implement its strategies.