Hutner Capital Management’s IBM IBM Stock Holding History

Hutner Capital Management’s Portfolio IBM Stock Details IBM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-1,522	Closed	-$220K	–	43
2018 Q3	$220K	Sell	1,522 -4,667	-75%	-$652K	0.16%	45
2018 Q2	$827K	Sell	6,189 -5,701	-48%	-$795K	0.65%	29
2018 Q1	$1.74M	Sell	11,890 -6,237	-34%	-$944K	1.36%	22
2017 Q4	$2.66M	Sell	18,127 -466	-3%	-$67.8K	1.9%	19
2017 Q3	$2.58M	Sell	18,593 -2,546	-12%	-$355K	1.95%	17
2017 Q2	$3.11M	Sell	21,139 -166	-0.8%	-$25K	2.4%	16
2017 Q1	$3.55M	Buy	21,305 +570	+3%	+$95.6K	2.8%	15
2016 Q4	$3.29M	Sell	20,735 -115	-0.6%	-$17.5K	2.73%	14
2016 Q3	$3.17M	Buy	+20,850	New	+$3.16M	2.69%	15

Other funds holding IBM

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Charles Schwab San Francisco, California $654B AUM 26.35% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Hutner Capital Management's IBM Position: Q4 2018 in Review

Hutner Capital Management sold out of IBM (IBM) in Q4 2018, closing a stake of 1,522 shares — an estimated $220K sold.

Hutner Capital Management first reported a position in IBM in Q3 2016 and held it in 9 quarters. The position peaked at $3.55M in Q1 2017. 1,908 funds tracked by Wall St. Rank hold IBM as of Q4 2018.

Hutner Capital Management reported no remaining IBM position as of Q4 2018 after selling out during the quarter.
Hutner Capital Management sold 1,522 IBM shares in Q4 2018, an estimated $220K.
Hutner Capital Management first reported a position in IBM in Q3 2016 and held it in 9 quarters.
Hutner Capital Management's IBM position peaked at $3.55M in Q1 2017.
1,908 funds tracked by Wall St. Rank held IBM as of Q4 2018.

Based on Hutner Capital Management's 13F filing for Q4 2018, filed 12 Feb 2019.