HUTCHINSON CAPITAL MANAGEMENT/CA

Fundamental diversified ★Signal CIK 1078246
League rank
#771
in Fundamental diversified · #6442 overall
Long book
$544.1M
Q1 2026
Positions
97
Top-10 weight
44%
concentration
Last quarter
+7.9%
SPY +14.8%
Turnover
11%
of book per quarter

Strategy in plain words

auto-generated from filings

HUTCHINSON CAPITAL MANAGEMENT/CA is a diversified fundamental manager, running a $544.1M US long book across 97 positions.

The portfolio is moderately concentrated (top 10 ≈ 44% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, ALPHABET INC-CL A, APPLE INC, MICROSOFT CORP, EXXON MOBIL CORP.

Over the last 9 quarters its long book ran on average 2.7pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-0.9%
Q2 2024
+6.3%
Q3 2024
-0.0%
Q4 2024
-0.6%
Q1 2025
+3.1%
Q2 2025
+3.5%
Q3 2025
+2.1%
Q4 2025
-5.4%
Q1 2026
+7.9%

Sector allocation

Technology
35%
Financials
35%
Energy
9%
Healthcare
7%
Industrials
5%
Consumer discretionary
4%
Services media
3%
Other
0%

Long book by quarter

$494.0M
Q1 2024
$488.9M
Q2 2024
$527.9M
Q3 2024
$530.0M
Q4 2024
$524.2M
Q1 2025
$548.0M
Q2 2025
$577.9M
Q3 2025
$583.3M
Q4 2025
$544.1M
Q1 2026

What does HUTCHINSON CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials71.6K$34.3M6.3%-1.0%
GOOGL ALPHABET INC-CL ATechnology109.6K$31.5M5.8%-21.8%
AAPL APPLE INCTechnology117.0K$29.7M5.5%-1.5%
MSFT MICROSOFT CORPTechnology69.8K$25.9M4.8%+4.6%
XOM EXXON MOBIL CORPEnergy128.6K$21.8M4.0%-0.8%
BAC BANK OF AMERICA CORPFinancials427.7K$20.8M3.8%-22.5%
PGR PROGRESSIVE CORPFinancials101.4K$20.1M3.7%-0.8%
J JACOBS SOLUTIONS INCIndustrials137.8K$17.5M3.2%-2.0%
BHRB BURKE & HERBERT FINANCIAL SEFinancials258.1K$16.1M3.0%Held
MKL MARKEL GROUP INCFinancials8.2K$15.6M2.9%-0.9%
WRB WR BERKLEY CORPFinancials232.9K$15.4M2.8%-0.9%
AMZN AMAZON.COM INCConsumer discretionary74.0K$15.4M2.8%+14.0%
HUBB HUBBELL INCTechnology30.8K$15.1M2.8%-1.4%
WAT WATERS CORPHealthcare47.0K$14.0M2.6%-1.5%
VRSN VERISIGN INCTechnology55.9K$13.9M2.6%-2.2%
VLO VALERO ENERGY CORPEnergy55.0K$13.6M2.5%-1.6%
ZTS ZOETIS INCHealthcare111.8K$13.2M2.4%+49.3%
AVGO BROADCOM INCTechnology42.7K$13.2M2.4%New
ADBE ADOBE INCTechnology53.9K$13.1M2.4%+24.2%
COF CAPITAL ONE FINANCIAL CORPFinancials71.0K$12.9M2.4%-1.4%
ACN ACCENTURE PLC-CL AServices media52.1K$10.3M1.9%+0.8%
WFC WELLS FARGO & COFinancials92.4K$7.4M1.4%-2.2%
CVX CHEVRON CORPEnergy17.0K$3.5M0.6%0.0%
JNJ JOHNSON & JOHNSONHealthcare7.0K$1.7M0.3%Held
BA BOEING CO/THEIndustrials7.6K$1.5M0.3%Held
GLW CORNING INCIndustrials10.4K$1.4M0.3%Held
PG PROCTER & GAMBLE CO/THEOther9.5K$1.4M0.3%-4.7%
JPM JPMORGAN CHASE & COFinancials4.6K$1.3M0.2%-6.2%
COST COSTCO WHOLESALE CORPConsumer discretionary1.2K$1.2M0.2%-0.2%
UNP UNION PACIFIC CORPIndustrials4.7K$1.1M0.2%+0.5%
GOOG ALPHABET INC-CL CTechnology3.5K$1.0M0.2%-3.2%
IBM INTL BUSINESS MACHINES CORPTechnology3.8K$916K0.2%-0.1%
V VISA INC-CLASS A SHARESServices media3.0K$912K0.2%+0.3%
KO COCA-COLA CO/THEConsumer staples9.4K$712K0.1%Held
CAT CATERPILLAR INCIndustrials932$660K0.1%-5.4%
VEEV VEEVA SYSTEMS INC-CLASS ATechnology3.1K$548K0.1%-0.1%
PFE PFIZER INCHealthcare18.9K$531K0.1%-8.9%
ROK ROCKWELL AUTOMATION INCOther1.4K$487K0.1%Held
AMGN AMGEN INCHealthcare1.4K$482K0.1%Held
PEP PEPSICO INCConsumer staples2.9K$449K0.1%-0.5%
LLY ELI LILLY & COHealthcare475$437K0.1%-0.2%
DIS WALT DISNEY CO/THEServices media4.3K$418K0.1%-0.2%
MCD MCDONALD'S CORPConsumer discretionary1.3K$408K0.1%+1.4%
NVDA NVIDIA CORPTechnology2.2K$390K0.1%+0.3%
SBUX STARBUCKS CORPConsumer discretionary4.2K$373K0.1%-97.4%
MRSH MARSH & MCLENNAN COSFinancials2.0K$347K0.1%+0.1%
PFGC PERFORMANCE FOOD GROUP COConsumer discretionary3.7K$316K0.1%Held
HD HOME DEPOT INCConsumer discretionary951$313K0.1%-11.6%
CWT CALIFORNIA WATER SERVICE GRPUtilities6.6K$300K0.1%Held
MRK MERCK & CO. INC.Healthcare2.3K$281K0.1%+1.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 202697$544.1M canonicalSEC ↗
Q4 202513F-HRFeb 9, 202698$583.3M canonicalSEC ↗
Q3 202513F-HRNov 12, 202597$577.9M canonicalSEC ↗
Q2 202513F-HRAug 4, 202592$548.0M canonicalSEC ↗
Q1 202513F-HRMay 12, 202592$524.2M canonicalSEC ↗
Q4 202413F-HRFeb 10, 202593$530.0M canonicalSEC ↗
Q3 202413F-HRNov 12, 202489$527.9M canonicalSEC ↗
Q2 202413F-HRAug 7, 202487$488.9M canonicalSEC ↗
Q1 202413F-HRMay 6, 202482$494.0M canonicalSEC ↗