Hi-Line Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Hi-Line Capital Management, LLC reported 37 stock positions worth $228.5 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 12.8% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 5.7%) and Brookfield (BN, 5.3%). Compared with Q3 2024, it opened 12 new positions, sold out of 5 and reduced 25. The biggest buy was a new position in iShares Core MSCI Dev MKTS (IDEV) and the biggest sale Liberty Global Class A (LBTYA, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- WATERTOWN, SD
- CIK
- 0001776074
- Portfolio Value
- $228.5M (Q4 2024)
- SEC Filing
- 0001951757-25-000180 ↗ filed Feb 4, 2025
Holdings Value
Holdings 37 stocks · $228.5M
| BRK.A Berkshire Hathaway Inc. Class A | 12.81% | 43 | $29.3M | Reduce -8.5% |
| IDEV iShares Core MSCI Dev MKTS | 5.66% | 200,618 | $12.9M | New |
| BN Brookfield Corp. | 5.30% | 210,778 | $12.1M | Reduce -16.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.84% | 24,421 | $11.1M | Reduce -10.1% |
| LBTYA Liberty Global Ltd. Class A | 4.62% | 827,307 | $10.6M | Reduce -2.3% |
| LBRDK Liberty Broadband-C | 4.59% | 140,187 | $10.5M | Reduce -0.6% |
| SIRI Sirius XM Holdings Inc. | 4.35% | 436,365 | $9.9M | Reduce -2.0% |
| COP Conocophillips | 4.28% | 98,705 | $9.8M | Reduce -1.0% |
| CMCSA Comcast Corp. Class A | 3.63% | 221,302 | $8.3M | Reduce -0.6% |
| CB Chubb Ltd. | 3.48% | 28,668 | $7.9M | Reduce -0.5% |
| SNREY Sunrise Communicat Class A | 3.12% | 165,390 | $7.1M | New |
| RSP Invesco S&P 500 Equal Weight | 3.11% | 40,557 | $7.1M | New |
| JPM JPMorgan Chase & Co. | 2.93% | 27,930 | $6.7M | Reduce -20.6% |
| CRH CRH PLC | 2.81% | 69,451 | $6.4M | Reduce -0.6% |
| LMT Lockheed Martin Corp. | 2.74% | 12,891 | $6.3M | Reduce -0.6% |
| TMUS T-Mobile US Inc. | 2.57% | 26,642 | $5.9M | Reduce -57.9% |
| IEMG iShares Core MSCI Emerging | 2.49% | 109,145 | $5.7M | New |
| AXP American Express Co. | 2.45% | 18,887 | $5.6M | Reduce -12.2% |
| UPS United Parcel Service Class B | 2.41% | 43,676 | $5.5M | Reduce -0.7% |
| WBD Warner Bros Discovery Inc. | 2.35% | 507,016 | $5.4M | Reduce -0.5% |
| IJH iShares Core S&P Midcap ETF | 2.34% | 85,972 | $5.4M | New |
| BABA Alibaba Group Holding-SP ADR | 2.31% | 62,184 | $5.3M | Reduce -0.6% |
| IJR iShares Core S&P Small-Cap E | 1.75% | 34,652 | $4.0M | New |
| EG Everest Group Ltd. | 1.64% | 10,352 | $3.8M | New |
| IVV iShares Core S&P 500 ETF | 1.57% | 6,110 | $3.6M | New |
| OXY Occidental Petroleum Corp. | 1.36% | 62,411 | $3.1M | Reduce -0.8% |
| CONSOL ENERGY INC | 1.29% | 27,600 | $2.9M | Reduce -12.6% |
| CNH CNH Industrial NV | 1.11% | 223,487 | $2.5M | New |
| L Loews Corp. | 1.07% | 28,878 | $2.4M | New |
| ADM Archer-Daniels-Midland Co. | 1.01% | 45,694 | $2.3M | New |
| AMR Alpha Metallurgical Resource | 0.99% | 11,309 | $2.3M | Reduce -12.7% |
| SCZ iShares MSCI Eafe Small-Cap | 0.92% | 34,738 | $2.1M | New |
| VSAT Viasat Inc. | 0.79% | 211,574 | $1.8M | Reduce -17.6% |
| MKL Markel Group Inc. | 0.40% | 534 | $922K | Reduce -18.7% |
| PNC PNC Financial Services Group | 0.37% | 4,425 | $853K | Reduce -0.5% |
| ARW Arrow Electronics Inc. | 0.28% | 5,578 | $631K | Reduce -22.4% |
| DINO HF Sinclair Corp. | 0.24% | 15,864 | $556K | Reduce -19.6% |
Portfolio Sells Q3 2024 → Q4 2024
| LBTYA Liberty Global Ltd. Class A | Reduce -2.3% | 4.62% | −4.16 |
| TMUS T-Mobile US Inc. | Reduce -57.9% | 2.57% | −3.84 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -8.5% | 12.81% | −3.14 |
| BN Brookfield Corp. | Reduce -16.7% | 5.30% | −1.31 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.1% | 4.84% | −1.30 |
| LMT Lockheed Martin Corp. | Reduce -0.6% | 2.74% | −0.98 |
| BABA Alibaba Group Holding-SP ADR | Reduce -0.6% | 2.31% | −0.95 |
| CMCSA Comcast Corp. Class A | Reduce -0.6% | 3.63% | −0.93 |
| COP Conocophillips | Reduce -1.0% | 4.28% | −0.87 |
| SIRI Sirius XM Holdings Inc. | Reduce -2.0% | 4.35% | −0.82 |
| LBRDK Liberty Broadband-C | Reduce -0.6% | 4.59% | −0.77 |
| VSAT Viasat Inc. | Reduce -17.6% | 0.79% | −0.72 |
| JPM JPMorgan Chase & Co. | Reduce -20.6% | 2.93% | −0.71 |
| CB Chubb Ltd. | Reduce -0.5% | 3.48% | −0.62 |
| AMG Affiliated Managers Group | Sold out | 0.00% | −0.57 |
| UPS United Parcel Service Class B | Reduce -0.7% | 2.41% | −0.53 |
| AMR Alpha Metallurgical Resource | Reduce -12.7% | 0.99% | −0.51 |
| CABO Cable One Inc. | Sold out | 0.00% | −0.45 |
| AXP American Express Co. | Reduce -12.2% | 2.45% | −0.41 |
| CRH CRH PLC | Reduce -0.6% | 2.81% | −0.37 |
| GL Globe Life Inc. | Sold out | 0.00% | −0.36 |
| ALLY Ally Financial Inc. | Sold out | 0.00% | −0.35 |
| CONSOL ENERGY INC | Reduce -12.6% | 1.29% | −0.33 |
| GBCI Glacier Bancorp Inc. | Sold out | 0.00% | −0.28 |
| OXY Occidental Petroleum Corp. | Reduce -0.8% | 1.36% | −0.24 |
| ARW Arrow Electronics Inc. | Reduce -22.4% | 0.28% | −0.19 |
| DINO HF Sinclair Corp. | Reduce -19.6% | 0.24% | −0.19 |
| MKL Markel Group Inc. | Reduce -18.7% | 0.40% | −0.10 |
| PNC PNC Financial Services Group | Reduce -0.5% | 0.37% | −0.03 |
| WBD Warner Bros Discovery Inc. | Reduce -0.5% | 2.35% | +0.28 |
Portfolio Buys Q3 2024 → Q4 2024
| IDEV iShares Core MSCI Dev MKTS | New | 5.66% | +5.66 |
| SNREY Sunrise Communicat Class A | New | 3.12% | +3.12 |
| RSP Invesco S&P 500 Equal Weight | New | 3.11% | +3.11 |
| IEMG iShares Core MSCI Emerging | New | 2.49% | +2.49 |
| IJH iShares Core S&P Midcap ETF | New | 2.34% | +2.34 |
| IJR iShares Core S&P Small-Cap E | New | 1.75% | +1.75 |
| EG Everest Group Ltd. | New | 1.64% | +1.64 |
| IVV iShares Core S&P 500 ETF | New | 1.57% | +1.57 |
| CNH CNH Industrial NV | New | 1.11% | +1.11 |
| L Loews Corp. | New | 1.07% | +1.07 |
| ADM Archer-Daniels-Midland Co. | New | 1.01% | +1.01 |
| SCZ iShares MSCI Eafe Small-Cap | New | 0.92% | +0.92 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 32 | $355.5M | BRK.A, IDEV, SIRI, BRK.B, IEMG |
| Q1 2026 | 32 | $318.2M | BRK.A, IDEV, LBRDK, BRK.B, SIRI |
| Q4 2025 | 37 | $300.4M | BRK.A, IDEV, BRK.B, RSP, LBTYA |
| Q3 2025 | 39 | $316.8M | BRK.A, IDEV, BRK.B, RSP, LBRDK |
| Q2 2025 | 38 | $282.4M | BRK.A, IDEV, LBRDK, BN, BRK.B |
| Q1 2025 | 39 | $267.3M | BRK.A, IDEV, BRK.B, LBRDK, SIRI |
| Q4 2024 | 37 | $228.5M | BRK.A, IDEV, BN, BRK.B, LBTYA |
| Q3 2024 | 30 | $203.6M | BRK.A, LBTYA, BN, TMUS, BRK.B |
| Q2 2024 | 33 | $238.1M | BRK.A, JPM, LBTYA, BRK.B, LSXMK |
| Q1 2024 | 39 | $281.8M | BRK.A, JPM, BRK.B, LSXMK, LBTYA |