13F-HR for Period Ended 2016-12-31

Market Value: $ 146,272,000
Total Holdings: 48
File Date: 2017-01-11
Investor Overview: M. Kraus & Co
(Original Filing)

All hedge funds or institutions that manage over $100M are required by the SEC to file quarterly reports on their holdings. These reports are called 13F reports. However, the filings are required the following quarter from the reporting period, which means that by the time the filing is made (and we see them), the information could be five months old.

For funds with long term positions that make few trades, the holdings might closely resemble their current holdings, even after several months. However, for funds that have high turnover, the holdings data we see might differ significantly from their current holdings.

Institutions are required to report CALL and PUT options, and those positions are identified in the table. However, they are not required to report short positions.

Security Imputed
Share Price
Prev
Shares
Current
Shares
Change
(Percent)
Prev Value
(USD x1000)
Current Value
(USD x1000)
Change
(Percent)
BRK.A / Berkshire Hathaway 162.98 100 39,827 39,727.00 244 6,491 2,560.25
UTX / United Technologies 109.62 57,480 59,106 2.83 5,840 6,479 10.94
HRS / Harris 102.47 57,972 58,065 0.16 5,311 5,950 12.03
MSFT / Microsoft 62.14 93,297 93,172 -0.13 5,374 5,790 7.74
TMO / Thermo Fisher Scientific 141.10 39,620 40,425 2.03 6,302 5,704 -9.49
ITW / Illinois Tool Works 122.46 45,739 46,161 0.92 5,481 5,653 3.14
NSC / Norfolk Southern 108.07 51,929 52,131 0.39 5,040 5,634 11.79
SE / Spectra Energy 41.09 130,057 129,497 -0.43 5,560 5,321 -4.30
TWX / Time Warner 96.54 52,285 54,797 4.80 4,162 5,290 27.10
CHD / Church & Dwight 44.19 116,067 118,791 2.35 5,562 5,249 -5.63
JNJ / Johnson & Johnson 115.21 42,360 43,990 3.85 5,004 5,068 1.28
PEP / PepsiCo 104.62 44,406 47,036 5.92 4,830 4,921 1.88
MET / MetLife 53.89 85,657 87,347 1.97 3,806 4,707 23.67
KHC / Kraft Heinz 87.33 52,989 52,789 -0.38 4,743 4,610 -2.80
PG / Procter & Gamble Co. 84.08 54,365 54,283 -0.15 4,879 4,564 -6.46
MDLZ / Mondelez International 44.33 101,322 101,098 -0.22 4,448 4,482 0.76
CSCO / Cisco Systems 30.22 146,047 147,765 1.18 4,633 4,465 -3.63
ABBV / AbbVie 62.62 68,420 68,480 0.09 4,315 4,288 -0.63
ECL / Ecolab 117.21 35,614 36,557 2.65 4,335 4,285 -1.15
GE / General Electric 31.60 131,946 134,170 1.69 3,908 4,240 8.50
ROK / Rockwell Automation 134.40 31,398 31,383 -0.05 3,841 4,218 9.82
NEE / NextEra Energy 119.47 33,823 33,783 -0.12 4,137 4,036 -2.44
SBDKP / Stanley Black & Decker 114.68 25,025 34,680 38.58 3,078 3,977 29.21
GOOG / Alphabet Inc. Class C 771.86 4,141 4,392 6.06 3,219 3,390 5.31
MDT / Medtronic 71.23 36,865 42,090 14.17 3,185 2,998 -5.87
COP / ConocoPhillips 50.15 59,163 58,528 -1.07 2,572 2,935 14.11
DCI / Donaldson 42.07 63,989 63,839 -0.23 2,389 2,686 12.43
ABT / Abbott Laboratories 38.42 70,755 65,000 -8.13 2,992 2,497 -16.54
CVS / CVS Health 78.92 35,940 30,981 -13.80 3,198 2,445 -23.55
IBM / International Business Machines 166.03 14,243 14,046 -1.38 2,263 2,332 3.05
CVX / Chevron 117.71 17,150 17,118 -0.19 1,765 2,015 14.16
XOM / Exxon Mobil 90.26 21,849 21,770 -0.36 1,907 1,965 3.04
CPN / Calpine 11.43 151,020 99,103 -34.38 1,909 1,133 -40.65
KMI.WS / Kinder Morgan 20.70 44,855 43,955 -2.01 1,037 910 -12.25
PFE / Pfizer 32.46 23,975 23,168 -3.37 812 752 -7.39
GLD / SPDR Gold Shares 109.58 6,264 6,260 -0.06 787 686 -12.83
VTI / Vanguard Total Stock Market Index Fund 115.32 4,908 4,483 -8.66 546 517 -5.31
MRK / Merck 58.83 8,419 8,363 -0.67 525 492 -6.29
MMM / 3M 178.42 2,678 2,679 0.04 472 478 1.27
AT&T Corp. / (001957505) 42.54 9,410 9,686 2.93 382 412 7.85
JPM / JPMorgan Chase 86.21 3,642 4,547 24.85 243 392 61.32
AMGN / Amgen 146.40 2,473 2,418 -2.22 413 354 -14.29
MDNDF / McDonalds 121.62 2,368 2,368 0.00 273 288 5.49
KO / Coca Cola 41.52 8,388 6,359 -24.19 355 264 -25.63
BRK.A / Berkshire Hathaway 2,440.00 39,162 100 -99.74 5,658 244 -95.69
AAPL / Apple 115.60 2,007 2,007 0.00 227 232 2.20
VZ / Verizon Communications 53.46 4,053 4,209 3.85 211 225 6.64
SPY / SPDR S&P 500 ETF Trust 223.42 931 931 0.00 201 208 3.48
PM / Philip Morris International 2,150 0 -100.00 209 0 -100.00