Hi-Line Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), Hi-Line Capital Management, LLC reported 32 stock positions worth $318.2 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 11.3% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 10.4%) and Liberty Broadband-C (LBRDK, 5.3%). Compared with Q4 2025, it opened 3 new positions, sold out of 9, added to 18 and reduced 10. The biggest buy was a new position in CF Industries (CF) and the biggest sale an exit from Liberty Global Class A (LBTYA).
- Most Recent 13F
- Q2 2026
- Location
- WATERTOWN, SD
- CIK
- 0001776074
- Portfolio Value
- $318.2M (Q1 2026)
- SEC Filing
- 0001951757-26-000744 ↗ filed Apr 27, 2026
Holdings Value
Holdings 32 stocks · $318.2M
| BRK.A Berkshire Hathaway Inc. Class A | 11.29% | 50 | $35.9M | No change |
| IDEV iShares Core MSCI Dev MKTS | 10.39% | 395,579 | $33.1M | Add +26.6% |
| LBRDK Liberty Broadband-C | 5.32% | 336,445 | $16.9M | Add +58.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.12% | 33,971 | $16.3M | Reduce -0.5% |
| SIRI Sirius XM Holdings Inc. | 4.84% | 667,677 | $15.4M | Add +20.9% |
| RSP Invesco S&P 500 Equal Weight | 4.22% | 69,949 | $13.4M | Add +10.6% |
| IEMG iShares Core MSCI Emerging | 4.17% | 190,395 | $13.3M | Add +11.2% |
| NE Noble Corp. PLC | 3.51% | 227,589 | $11.2M | Add +136.5% |
| CB Chubb Ltd. | 3.29% | 31,988 | $10.5M | Reduce -0.1% |
| EXP Eagle Materials Inc. | 3.12% | 52,332 | $9.9M | Add +59.9% |
| CF CF Industries Holdings Inc. | 2.96% | 72,646 | $9.4M | New |
| AER Aercap Holdings NV | 2.88% | 66,793 | $9.2M | Add +51.1% |
| JPM JPMorgan Chase & Co. | 2.83% | 30,641 | $9.0M | Reduce -0.2% |
| CI The Cigna Group | 2.59% | 30,943 | $8.3M | Add +59.1% |
| CRH CRH PLC | 2.55% | 76,756 | $8.1M | Reduce -0.2% |
| ADBE Adobe Inc. | 2.53% | 33,111 | $8.0M | Add +49.0% |
| BRO Brown & Brown Inc. | 2.32% | 113,242 | $7.4M | New |
| HCC Warrior Met Coal Inc. | 2.32% | 79,089 | $7.4M | Reduce -0.1% |
| MKL Markel Group Inc. | 2.17% | 3,607 | $6.9M | Reduce -9.0% |
| AMCR Amcor PLC | 2.15% | 172,208 | $6.8M | Add +36.3% |
| DAC Danaos Corp. | 2.13% | 60,248 | $6.8M | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 2.12% | 10,327 | $6.7M | Add +10.8% |
| UPS United Parcel Service Class B | 2.06% | 66,687 | $6.6M | Reduce -0.3% |
| AXP American Express Co. | 1.99% | 20,920 | $6.3M | Reduce -0.2% |
| MHK Mohawk Industries Inc. | 1.99% | 64,159 | $6.3M | Add +61.2% |
| IJH iShares Core S&P Midcap ETF | 1.94% | 91,301 | $6.2M | Add +10.9% |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 1.66% | 141,523 | $5.3M | Add +233.2% |
| PCAR Paccar Inc. | 1.53% | 42,014 | $4.9M | Reduce -0.1% |
| VSNT Versant Media Group Inc. | 1.46% | 125,213 | $4.6M | Add +1097.1% |
| GRBK Green Brick Partners Inc. | 1.28% | 63,434 | $4.1M | New |
| IJR iShares Core S&P Small-Cap E | 1.19% | 30,556 | $3.8M | Add +12.2% |
| CHTR Charter Communications Inc. Class A | 0.09% | 1,369 | $296K | Reduce -4.1% |
Portfolio Sells Q4 2025 → Q1 2026
| LBTYA Liberty Global Ltd. Class A | Sold out | 0.00% | −3.84 |
| COP Conocophillips | Sold out | 0.00% | −3.32 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −2.60 |
| VSAT Viasat Inc. | Sold out | 0.00% | −2.42 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −2.27 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.97 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.76 |
| MKL Markel Group Inc. | Reduce -9.0% | 2.17% | −0.67 |
| CRH CRH PLC | Reduce -0.2% | 2.55% | −0.65 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 5.12% | −0.59 |
| AXP American Express Co. | Reduce -0.2% | 1.99% | −0.59 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 2.83% | −0.46 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.16 |
| UPS United Parcel Service Class B | Reduce -0.3% | 2.06% | −0.15 |
| ARW Arrow Electronics Inc. | Sold out | 0.00% | −0.14 |
| CB Chubb Ltd. | Reduce -0.1% | 3.29% | −0.05 |
| PCAR Paccar Inc. | Reduce -0.1% | 1.53% | −0.03 |
| HCC Warrior Met Coal Inc. | Reduce -0.1% | 2.32% | −0.01 |
| CHTR Charter Communications Inc. Class A | Reduce -4.1% | 0.09% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| CF CF Industries Holdings Inc. | New | 2.96% | +2.96 |
| NE Noble Corp. PLC | Add +136.5% | 3.51% | +2.61 |
| BRO Brown & Brown Inc. | New | 2.32% | +2.32 |
| LBRDK Liberty Broadband-C | Add +58.6% | 5.32% | +1.89 |
| IDEV iShares Core MSCI Dev MKTS | Add +26.6% | 10.39% | +1.81 |
| VSNT Versant Media Group Inc. | Add +1097.1% | 1.46% | +1.33 |
| GRBK Green Brick Partners Inc. | New | 1.28% | +1.28 |
| SIRI Sirius XM Holdings Inc. | Add +20.9% | 4.84% | +1.17 |
| GLIBK Liberty Capital Corp. Class C | Add +233.2% | 1.66% | +1.13 |
| EXP Eagle Materials Inc. | Add +59.9% | 3.12% | +0.86 |
| CI The Cigna Group | Add +59.1% | 2.59% | +0.81 |
| AER Aercap Holdings NV | Add +51.1% | 2.88% | +0.76 |
| MHK Mohawk Industries Inc. | Add +61.2% | 1.99% | +0.54 |
| AMCR Amcor PLC | Add +36.3% | 2.15% | +0.40 |
| IEMG iShares Core MSCI Emerging | Add +11.2% | 4.17% | +0.34 |
| DAC Danaos Corp. | Add +0.1% | 2.13% | +0.25 |
| RSP Invesco S&P 500 Equal Weight | Add +10.6% | 4.22% | +0.19 |
| IJH iShares Core S&P Midcap ETF | Add +10.9% | 1.94% | +0.13 |
| IJR iShares Core S&P Small-Cap E | Add +12.2% | 1.19% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +10.8% | 2.12% | −0.01 |
| ADBE Adobe Inc. | Add +49.0% | 2.53% | −0.06 |
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 |