Institutional Manager · CIK 0001776074
Hi-Line Capital Management, LLC
WATERTOWN, SD · File #028-19527
Latest AUM
$300.4M
Positions
37
Top-10 Concentration
52.3%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | WARNER BROS DISCOVERY INC | 934423104 | -611,598 | -$11.9M | $0 |
| EXITED | BROOKFIELD CORP | 11271J107 | -147,158 | -$10.1M | $0 |
| NEW | ADOBE INC | ADBE | +22,226 | +$7.8M | $0 |
| EXITED | OCCIDENTAL PETE CORP | 674599105 | -62,971 | -$3.0M | $0 |
| ADD | BERKSHIRE HATHAWAY INC DEL | BRK-A | +5,552 | +$2.8M | -$2,571 |
| REDUCE | ISHARES TR | 464287507 | -41,228 | -$2.7M | +$91,447 |
| NEW | NOBLE CORP PLC | NE-WTA | +96,240 | +$2.7M | $0 |
| EXITED | ISHARES TR | 464288273 | -34,738 | -$2.7M | $0 |
| REDUCE | ISHARES TR | 46435G326 | -31,446 | -$2.6M | +$794,228 |
| REDUCE | ISHARES TR | 464287804 | -19,462 | -$2.3M | +$63,024 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202537 pos · $300.4M
- 13F HOLDINGS REPORTQ/E Sep 202539 pos · $316.8M
- 13F HOLDINGS REPORTQ/E Jun 202538 pos · $282.4M
- 13F HOLDINGS REPORTQ/E Mar 202539 pos · $267.3M
- 13F HOLDINGS REPORTQ/E Dec 202437 pos · $228.5M
- 13F HOLDINGS REPORTQ/E Sep 202430 pos · $203.6M
- 13F HOLDINGS REPORTQ/E Jun 202433 pos · $238.1M
- 13F HOLDINGS REPORTQ/E Mar 202439 pos · $281.8M
- 13F HOLDINGS REPORTQ/E Dec 202339 pos · $271.4M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 50 | $37.7M | 12.56% |
| 2 | ISHARES TR | 46435G326 | 312,376 | $25.8M | 8.58% |
| 3 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 34,124 | $17.2M | 5.71% |
| 4 | INVESCO EXCHANGE TRADED FD T | IVZ | 63,230 | $12.1M | 4.03% |
| 5 | LIBERTY GLOBAL LTD | LBTYK | 1,035,340 | $11.5M | 3.84% |
| 6 | ISHARES INC | 46434G103 | 171,217 | $11.5M | 3.83% |
| 7 | SIRIUSXM HOLDINGS INC | 829933100 | 552,047 | $11.0M | 3.67% |
| 8 | LIBERTY BROADBAND CORP | LBRDP | 212,076 | $10.3M | 3.43% |
| 9 | CHUBB LIMITED | CB | 32,034 | $10.0M | 3.34% |
| 10 | CONOCOPHILLIPS | COP | 106,600 | $10.0M | 3.32% |
| 11 | JPMORGAN CHASE & CO. | VYLD | 30,698 | $9.9M | 3.29% |
| 12 | CRH PLC | CRH | 76,894 | $9.6M | 3.19% |
| 13 | MARKEL GROUP INC | MKL | 3,964 | $8.5M | 2.84% |
| 14 | COMCAST CORP NEW | CCZ | 261,485 | $7.8M | 2.60% |
| 15 | ADOBE INC | ADBE | 22,226 | $7.8M | 2.59% |
| 16 | AMERICAN EXPRESS CO | AXP | 20,965 | $7.8M | 2.58% |
| 17 | VIASAT INC | VSAT | 211,050 | $7.3M | 2.42% |
| 18 | WARRIOR MET COAL INC | HCC | 79,185 | $7.0M | 2.32% |
| 19 | LOCKHEED MARTIN CORP | LMT | 14,080 | $6.8M | 2.27% |
| 20 | EAGLE MATLS INC | 26969P108 | 32,728 | $6.8M | 2.25% |