Hi-Line Capital Management, LLC

WATERTOWN, SD · CIK 1776074 · 13F filing filed 2026-07-24

SEC-registered investment adviser since 2015 · limited liability company

Assets managed$756.6m
Staff5 · 2 in investment roles
Main clients (by assets)Charities 91%, High net worth individuals 5%, Other advisers 3%
Form ADV · 2026-04-21SEC adviser record

Legal entityHI-LINE CAPITAL MANAGEMENT, LLC (US)

Kindinstitutions
Others nearbyWatertown, SD

$355.5m reported value +11.7% vs Q1 2026

32positions

54.1%in top 10

4 new 26 added 1 reduced 4 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	50	$37.4m10.53%	10.53%	Unchanged
2	ISHARES TR CORE MSCI INTL IDEV	IDEV	419,487	$37.3m10.50%	10.50%	Added +23.9k	+23,908 6.0%
3	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	677,658	$20.0m5.63%	5.63%	Added +10.0k	+9,981 1.5%
4	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	35,777	$17.9m5.04%	5.04%	Added +1.8k	+1,806 5.3%
5	ISHARES INC CORE MSCI EMKT IEMG	IEMG	203,656	$16.9m4.75%	4.75%	Added +13.3k	+13,261 7.0%
6	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	74,679	$15.9m4.47%	4.47%	Added +4.7k	+4,730 6.8%
7	ADOBE INC COM ADBE	ADBE	60,576	$12.4m3.49%	3.49%	Added +27.5k	+27,465 83.0%
8	EAGLE MATLS INC COM EXP	EXP	53,020	$11.9m3.36%	3.36%	Added +688	+688 1.3%
9	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	346,317	$11.5m3.24%	3.24%	Added +9.9k	+9,872 2.9%
10	CHUBB LIMITED COM CB	CB	32,537	$11.1m3.13%	3.13%	Added +549	+549 1.7%
11	BROWN & BROWN INC COM BRO	BRO	165,254	$10.6m2.98%	2.98%	Added +52.0k	+52,012 45.9%
12	AERCAP HOLDINGS NV SHS AER	AER	67,536	$9.8m2.77%	2.77%	Added +743	+743 1.1%
13	SUNCOR ENERGY INC NEW COM SU	SU	169,780	$9.1m2.56%	2.56%	New
14	JPMORGAN CHASE & CO COM JPM	JPM	26,580	$8.7m2.45%	2.45%	Reduced -4.1k	-4,061 -13.2%
15	THE CIGNA GROUP COM CI	CI	31,518	$8.7m2.44%	2.44%	Added +575	+575 1.9%
16	NOBLE CORP PLC ORD SHS A NE	NE	231,912	$8.7m2.43%	2.43%	Added +4.3k	+4,323 1.9%
17	COMCAST CORP NEW CL A CMCSA	CMCSA	349,268	$8.6m2.41%	2.41%	New
18	CRH PLC ORD CRH	CRH	77,483	$8.3m2.33%	2.33%	Added +727	+727 0.9%
19	ISHARES TR CORE S&P500 ETF IVV	IVV	10,992	$8.2m2.32%	2.32%	Added +665	+665 6.4%
20	CF INDS HLDGS INC COM CF	CF	74,202	$8.0m2.26%	2.26%	Added +1.6k	+1,556 2.1%
21	MOHAWK INDS INC COM MHK	MHK	65,311	$7.9m2.23%	2.23%	Added +1.2k	+1,152 1.8%
22	UBER TECHNOLOGIES INC COM UBER	UBER	105,055	$7.6m2.13%	2.13%	New
23	DANAOS CORPORATION SHS DAC	DAC	61,467	$7.5m2.12%	2.12%	Added +1.2k	+1,219 2.0%
24	ISHARES TR CORE S&P MCP ETF IJH	IJH	97,011	$7.5m2.10%	2.10%	Added +5.7k	+5,710 6.2%
25	KROGER CO COM KR	KR	130,977	$7.3m2.05%	2.05%	New
26	AMERICAN EXPRESS CO COM AXP	AXP	21,290	$7.2m2.03%	2.03%	Added +370	+370 1.8%
27	WARRIOR MET COAL INC COM HCC	HCC	80,456	$6.5m1.84%	1.84%	Added +1.4k	+1,367 1.7%
28	PACCAR INC COM PCAR	PCAR	42,812	$5.1m1.45%	1.45%	Added +798	+798 1.9%
29	GREEN BRICK PARTNERS INC COM GRBK	GRBK	63,771	$5.1m1.44%	1.44%	Added +337	+337 0.5%
30	ISHARES TR CORE S&P SCP ETF IJR	IJR	32,580	$4.8m1.36%	1.36%	Added +2.0k	+2,024 6.6%
31	VERSANT MEDIA GROUP INC COM CL A VSNT	VSNT	127,296	$4.6m1.29%	1.29%	Added +2.1k	+2,083 1.7%
32	GCI LIBERTY INC COM SER C GLIBK	GLIBK	143,164	$3.1m0.87%	0.87%	Added +1.6k	+1,641 1.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MARKEL GROUP INC MKL	MKL	3,607	$6.9m3.6k shares
AMCOR PLC AMCR	AMCR	172,208	$6.8m172.2k shares
UNITED PARCEL SERVICE INC UPS	UPS	66,687	$6.6m66.7k shares
CHARTER COMMUNICATIONS INC N CHTR	CHTR	1,369	$295.5k1.4k shares