Hi-Line Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Hi-Line Capital Management, LLC reported 39 stock positions worth $267.3 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 14.6% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 5.8%) and Berkshire Hathaway Class B (BRK.B, 5.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 1 and added to 32. The biggest buy was Berkshire Hathaway Class A (BRK.A, shares +14%) and the biggest sale an exit from Consol Energy.
- Most Recent 13F
- Q2 2026
- Location
- WATERTOWN, SD
- CIK
- 0001776074
- Portfolio Value
- $267.3M (Q1 2025)
- SEC Filing
- 0001951757-25-000425 ↗ filed Apr 23, 2025
Holdings Value
Holdings 39 stocks · $267.3M
| BRK.A Berkshire Hathaway Inc. Class A | 14.63% | 49 | $39.1M | Add +13.9% |
| IDEV iShares Core MSCI Dev MKTS | 5.85% | 226,844 | $15.6M | Add +13.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.26% | 26,402 | $14.1M | Add +8.1% |
| LBRDK Liberty Broadband-C | 5.26% | 165,319 | $14.1M | Add +17.9% |
| SIRI Sirius XM Holdings Inc. | 4.41% | 523,480 | $11.8M | Add +20.0% |
| LBTYA Liberty Global Ltd. Class A | 4.31% | 1,001,541 | $11.5M | Add +21.1% |
| BN Brookfield Corp. | 4.22% | 215,470 | $11.3M | Add +2.2% |
| COP Conocophillips | 3.96% | 100,817 | $10.6M | Add +2.1% |
| SNREY Sunrise Communicat Class A | 3.62% | 200,230 | $9.7M | Add +21.1% |
| BABA Alibaba Group Holding-SP ADR | 3.61% | 73,042 | $9.7M | Add +17.5% |
| CMCSA Comcast Corp. Class A | 3.36% | 243,663 | $9.0M | Add +10.1% |
| CB Chubb Ltd. | 3.32% | 29,302 | $8.9M | Add +2.2% |
| RSP Invesco S&P 500 Equal Weight | 2.97% | 45,860 | $7.9M | Add +13.1% |
| TMUS T-Mobile US Inc. | 2.72% | 27,221 | $7.3M | Add +2.2% |
| JPM JPMorgan Chase & Co. | 2.62% | 28,531 | $7.0M | Add +2.1% |
| IEMG iShares Core MSCI Emerging | 2.49% | 123,450 | $6.7M | Add +13.1% |
| WBD Warner Bros Discovery Inc. | 2.40% | 597,478 | $6.4M | Add +17.8% |
| CRH CRH PLC | 2.35% | 70,976 | $6.3M | Add +2.2% |
| LMT Lockheed Martin Corp. | 2.20% | 13,165 | $5.9M | Add +2.1% |
| IJH iShares Core S&P Midcap ETF | 2.03% | 92,851 | $5.4M | Add +8.0% |
| AXP American Express Co. | 1.94% | 19,301 | $5.2M | Add +2.2% |
| UPS United Parcel Service Class B | 1.84% | 44,605 | $4.9M | Add +2.1% |
| EXP Eagle Materials Inc. | 1.78% | 21,470 | $4.8M | New |
| IVV iShares Core S&P 500 ETF | 1.45% | 6,907 | $3.9M | Add +13.0% |
| IJR iShares Core S&P Small-Cap E | 1.44% | 36,849 | $3.9M | Add +6.3% |
| EG Everest Group Ltd. | 1.44% | 10,580 | $3.8M | Add +2.2% |
| OXY Occidental Petroleum Corp. | 1.18% | 63,704 | $3.2M | Add +2.1% |
| CNH CNH Industrial NV | 1.05% | 228,386 | $2.8M | Add +2.2% |
| VSAT Viasat Inc. | 1.04% | 267,197 | $2.8M | Add +26.3% |
| L Loews Corp. | 1.01% | 29,498 | $2.7M | Add +2.1% |
| ADM Archer-Daniels-Midland Co. | 0.84% | 46,660 | $2.2M | Add +2.1% |
| SCZ iShares MSCI Eafe Small-Cap | 0.83% | 34,738 | $2.2M | No change |
| CNR Core Natural Resources Inc. | 0.81% | 27,913 | $2.2M | New |
| AMR Alpha Metallurgical Resource | 0.54% | 11,551 | $1.4M | Add +2.1% |
| MKL Markel Group Inc. | 0.37% | 534 | $998K | No change |
| PNC PNC Financial Services Group | 0.30% | 4,524 | $795K | Add +2.2% |
| ARW Arrow Electronics Inc. | 0.22% | 5,578 | $579K | No change |
| DINO HF Sinclair Corp. | 0.20% | 15,864 | $522K | No change |
| CABO Cable One Inc. | 0.14% | 1,373 | $365K | New |
Portfolio Sells Q4 2024 → Q1 2025
| CONSOL ENERGY INC | Sold out | 0.00% | −1.29 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.A Berkshire Hathaway Inc. Class A | Add +13.9% | 14.63% | +1.82 |
| EXP Eagle Materials Inc. | New | 1.78% | +1.78 |
| BABA Alibaba Group Holding-SP ADR | Add +17.5% | 3.61% | +1.31 |
| CNR Core Natural Resources Inc. | New | 0.81% | +0.81 |
| LBRDK Liberty Broadband-C | Add +17.9% | 5.26% | +0.67 |
| SNREY Sunrise Communicat Class A | Add +21.1% | 3.62% | +0.50 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.1% | 5.26% | +0.42 |
| VSAT Viasat Inc. | Add +26.3% | 1.04% | +0.25 |
| IDEV iShares Core MSCI Dev MKTS | Add +13.1% | 5.85% | +0.19 |
| TMUS T-Mobile US Inc. | Add +2.2% | 2.72% | +0.14 |
| CABO Cable One Inc. | New | 0.14% | +0.14 |
| SIRI Sirius XM Holdings Inc. | Add +20.0% | 4.41% | +0.06 |
| WBD Warner Bros Discovery Inc. | Add +17.8% | 2.40% | +0.05 |
| IEMG iShares Core MSCI Emerging | Add +13.1% | 2.49% | −0.00 |
| L Loews Corp. | Add +2.1% | 1.01% | −0.06 |
| CNH CNH Industrial NV | Add +2.2% | 1.05% | −0.06 |
| PNC PNC Financial Services Group | Add +2.2% | 0.30% | −0.08 |
| IVV iShares Core S&P 500 ETF | Add +13.0% | 1.45% | −0.12 |
| RSP Invesco S&P 500 Equal Weight | Add +13.1% | 2.97% | −0.14 |
| CB Chubb Ltd. | Add +2.2% | 3.32% | −0.16 |
| ADM Archer-Daniels-Midland Co. | Add +2.1% | 0.84% | −0.17 |
| OXY Occidental Petroleum Corp. | Add +2.1% | 1.18% | −0.17 |
| EG Everest Group Ltd. | Add +2.2% | 1.44% | −0.20 |
| CMCSA Comcast Corp. Class A | Add +10.1% | 3.36% | −0.27 |
| IJR iShares Core S&P Small-Cap E | Add +6.3% | 1.44% | −0.31 |
| LBTYA Liberty Global Ltd. Class A | Add +21.1% | 4.31% | −0.31 |
| JPM JPMorgan Chase & Co. | Add +2.1% | 2.62% | −0.31 |
| IJH iShares Core S&P Midcap ETF | Add +8.0% | 2.03% | −0.32 |
| COP Conocophillips | Add +2.1% | 3.96% | −0.32 |
| AMR Alpha Metallurgical Resource | Add +2.1% | 0.54% | −0.45 |
| CRH CRH PLC | Add +2.2% | 2.35% | −0.47 |
| AXP American Express Co. | Add +2.2% | 1.94% | −0.51 |
| LMT Lockheed Martin Corp. | Add +2.1% | 2.20% | −0.54 |
| UPS United Parcel Service Class B | Add +2.1% | 1.84% | −0.57 |
| BN Brookfield Corp. | Add +2.2% | 4.22% | −1.07 |
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 |