Hi-Line Capital Management
WATERTOWN, SDfiles as Hi-Line Capital Management, LLC
$355m in 32 US stocks at the end of 30 June 2026. The top 10 are 54.1% of the money. It changed about 13.7% of the portfolio this quarter.
Value
$355m
Stocks
32
Top 10 share
54.1%
Turnover
13.7%
What changed this quarter
New
Bought for the first time this quarter.
- Suncor EnergySU2.6% of the fund
- ComcastCMCSA2.4% of the fund
- Uber TechnologiesUBER2.1% of the fund
- KrogerKR2.0% of the fund
Added
Bought more of a stock they already held.
- Ishares TRIDEV10.5% of the fund+6%
- Berkshire HathawayBRK-B5.0% of the fund+5%
- IsharesIEMG4.7% of the fund+7%
- Invesco Exchange Traded FD TRSP4.5% of the fund+7%
- AdobeADBE3.5% of the fund+83%
- Liberty BroadbandLBRDK3.2% of the fund+3%
- Brown & BrownBRO3.0% of the fund+46%
- Ishares TRIVV2.3% of the fund+6%
- CF Industries HoldingsCF2.3% of the fund+2%
- DanaosDAC2.1% of the fund+2%
- Ishares TRIJH2.1% of the fund+6%
- Ishares TRIJR1.4% of the fund+7%
Cut
Sold some of their stake.
- JPMorgan ChaseJPM2.4% of the fund-13%
Sold out
Sold their entire stake.
- Markel GroupMKL-100%
- AmcorAMCR-100%
- United Parcel ServiceUPS-100%
- Charter CommunicationsCHTR-100%
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 10.5%
- Value
- $37m
- Shares
- 50
Held
- Ishares TRIDEV
- Share
- 10.5%
- Value
- $37m
- Shares
- 419,487
+6%
- IsharesIEMG
- Share
- 4.7%
- Value
- $17m
- Shares
- 203,656
+7%
- Invesco Exchange Traded FD TRSP
- Share
- 4.5%
- Value
- $16m
- Shares
- 74,679
+7%
- Liberty BroadbandLBRDK
- Share
- 3.2%
- Value
- $12m
- Shares
- 346,317
+3%
- Suncor EnergySU
- Share
- 2.6%
- Value
- $9m
- Shares
- 169,780
New
- Ishares TRIVV
- Share
- 2.3%
- Value
- $8m
- Shares
- 10,992
+6%
- Ishares TRIJH
- Share
- 2.1%
- Value
- $7m
- Shares
- 97,011
+6%
- Ishares TRIJR
- Share
- 1.4%
- Value
- $5m
- Shares
- 32,580
+7%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Berkshire Hathaway INC DELBRK-A | 10.5% | $37m | 50 | Held |
| Ishares TRIDEV | 10.5% | $37m | 419,487 | +6% |
| Sirius XM HoldingsSIRI | 5.6% | $20m | 677,658 | Held |
| Berkshire HathawayBRK-B | 5.0% | $18m | 35,777 | +5% |
| IsharesIEMG | 4.7% | $17m | 203,656 | +7% |
| Invesco Exchange Traded FD TRSP | 4.5% | $16m | 74,679 | +7% |
| AdobeADBE | 3.5% | $12m | 60,576 | +83% |
| Eagle MaterialsEXP | 3.4% | $12m | 53,020 | Held |
| Liberty BroadbandLBRDK | 3.2% | $12m | 346,317 | +3% |
| ChubbCB | 3.1% | $11m | 32,537 | Held |
| Brown & BrownBRO | 3.0% | $11m | 165,254 | +46% |
| AerCap HoldingsAER | 2.8% | $10m | 67,536 | Held |
| Suncor EnergySU | 2.6% | $9m | 169,780 | New |
| JPMorgan ChaseJPM | 2.4% | $9m | 26,580 | -13% |
| Cigna GroupCI | 2.4% | $9m | 31,518 | Held |
| NobleNE | 2.4% | $9m | 231,912 | Held |
| ComcastCMCSA | 2.4% | $9m | 349,268 | New |
| CRH PublicCRH | 2.3% | $8m | 77,483 | Held |
| Ishares TRIVV | 2.3% | $8m | 10,992 | +6% |
| CF Industries HoldingsCF | 2.3% | $8m | 74,202 | +2% |
| Mohawk IndustriesMHK | 2.2% | $8m | 65,311 | Held |
| Uber TechnologiesUBER | 2.1% | $8m | 105,055 | New |
| DanaosDAC | 2.1% | $8m | 61,467 | +2% |
| Ishares TRIJH | 2.1% | $7m | 97,011 | +6% |
| KrogerKR | 2.0% | $7m | 130,977 | New |
| American ExpressAXP | 2.0% | $7m | 21,290 | Held |
| Warrior MET CoalHCC | 1.8% | $7m | 80,456 | Held |
| PaccarPCAR | 1.4% | $5m | 42,812 | Held |
| Green Brick PartnersGRBK | 1.4% | $5m | 63,771 | Held |
| Ishares TRIJR | 1.4% | $5m | 32,580 | +7% |
| Versant Media GroupVSNT | 1.3% | $5m | 127,296 | Held |
| Liberty CapitalGLIBK | 0.9% | $3m | 143,164 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 25.9% since 30 June 2025.
Where the money is
Financial services15.6%
Media & telecom13.4%
Materials8.0%
Energy6.8%
Technology6.3%
Industrials5.7%
Retail & consumer3.7%
Health care2.4%
Everyday goods2.0%
Other36.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.