Skip to content
Disclosery

Hi-Line Capital Management, LLC

Follow

13F filer, CIK 1776074, WATERTOWN, SD

Hi-Line Capital Management, LLC reported $282,402,488 across 38 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-05. Its ten largest share positions make up 53.39% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001951757-25-001024

Period
2025-06-30
Reported value
$282M
Holdings
38
Top 10 weight
53.39%
New
5
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MKLadded+3,320$6.63M
IDEVadded+61,475$4.67M
AERnew+32,827$3.84M
MHKnew+36,480$3.82M
PCARnew+38,713$3.68M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
BABAexited-73,042-$9.66M
SUNRISE COMMUNICATIONS AGreduced-100,784-$5.7M
EGexited-10,580-$3.84M
Lexited-29,498-$2.71M
CNRexited-27,913-$2.15M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001951757-25-001024, largest first. % of portfolio is the value over $282,402,488, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47 shares; 2024Q4: 43 shares; 2025Q1: 49 shares; 2025Q2: 49 shares 49$35.7M12.65%0Timeline
IDEVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 200,618 shares; 2025Q1: 226,844 shares; 2025Q2: 288,319 shares 288,319$21.9M7.76%+61,475Timeline
LBRDKLIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,056 shares; 2024Q4: 140,187 shares; 2025Q1: 165,319 shares; 2025Q2: 164,757 shares 164,757$16.2M5.74%-562Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 253,123 shares; 2024Q4: 210,778 shares; 2025Q1: 215,470 shares; 2025Q2: 214,930 shares 214,930$13.3M4.71%-540Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,172 shares; 2024Q4: 24,421 shares; 2025Q1: 26,402 shares; 2025Q2: 26,067 shares 26,067$12.7M4.48%-335Timeline
SIRISIRIUSXM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 445,463 shares; 2024Q4: 436,365 shares; 2025Q1: 523,480 shares; 2025Q2: 524,092 shares 524,092$12M4.26%+612Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 40,557 shares; 2025Q1: 45,860 shares; 2025Q2: 58,364 shares 58,364$10.6M3.76%+12,504Timeline
LBTYALIBERTY GLOBAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 846,841 shares; 2024Q4: 827,307 shares; 2025Q1: 1,001,541 shares; 2025Q2: 990,369 shares 990,369$9.91M3.51%-11,172Timeline
IEMGISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 109,145 shares; 2025Q1: 123,450 shares; 2025Q2: 157,134 shares 157,134$9.43M3.34%+33,684Timeline
COPCONOCOPHILLIPSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,669 shares; 2024Q4: 98,705 shares; 2025Q1: 100,817 shares; 2025Q2: 100,171 shares 100,171$8.99M3.18%-646Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 222,708 shares; 2024Q4: 221,302 shares; 2025Q1: 243,663 shares; 2025Q2: 242,531 shares 242,531$8.66M3.07%-1,132Timeline
CBCHUBB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,818 shares; 2024Q4: 28,668 shares; 2025Q1: 29,302 shares; 2025Q2: 29,216 shares 29,216$8.49M3.01%-86Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,170 shares; 2024Q4: 27,930 shares; 2025Q1: 28,531 shares; 2025Q2: 28,417 shares 28,417$8.24M2.92%-114Timeline
MKLMARKEL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 657 shares; 2024Q4: 534 shares; 2025Q1: 534 shares; 2025Q2: 3,854 shares 3,854$7.7M2.73%+3,320Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 509,309 shares; 2024Q4: 507,016 shares; 2025Q1: 597,478 shares; 2025Q2: 594,854 shares 594,854$6.82M2.41%-2,624Timeline
IJHISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 85,972 shares; 2025Q1: 92,851 shares; 2025Q2: 108,834 shares 108,834$6.75M2.39%+15,983Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 69,890 shares; 2024Q4: 69,451 shares; 2025Q1: 70,976 shares; 2025Q2: 70,662 shares 70,662$6.49M2.3%-314Timeline
UPSUNITED PARCEL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,965 shares; 2024Q4: 43,676 shares; 2025Q1: 44,605 shares; 2025Q2: 61,484 shares 61,484$6.21M2.2%+16,879Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,517 shares; 2024Q4: 18,887 shares; 2025Q1: 19,301 shares; 2025Q2: 19,235 shares 19,235$6.14M2.17%-66Timeline
EXPEAGLE MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 21,470 shares; 2025Q2: 29,971 shares 29,971$6.06M2.15%+8,501Timeline
LMTLOCKHEED MARTIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,969 shares; 2024Q4: 12,891 shares; 2025Q1: 13,165 shares; 2025Q2: 13,086 shares 13,086$6.06M2.15%-79Timeline
SUNRISE COMMUNICATIONS AGSUNRISE COMMUNICATIONS AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 165,390 shares; 2025Q1: 200,230 shares; 2025Q2: 99,446 shares 99,446$5.62M1.99%-100,784
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,110 shares; 2025Q1: 6,907 shares; 2025Q2: 8,663 shares 8,663$5.38M1.9%+1,756Timeline
TMUST-MOBILE US INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 63,282 shares; 2024Q4: 26,642 shares; 2025Q1: 27,221 shares; 2025Q2: 19,426 shares 19,426$4.63M1.64%-7,795Timeline
IJRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 34,652 shares; 2025Q1: 36,849 shares; 2025Q2: 42,097 shares 42,097$4.6M1.63%+5,248Timeline
VSATVIASAT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 256,809 shares; 2024Q4: 211,574 shares; 2025Q1: 267,197 shares; 2025Q2: 263,300 shares 263,300$3.84M1.36%-3,897Timeline
AERAERCAP HOLDINGS NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 32,827 shares 32,827$3.84M1.36%newTimeline
MHKMOHAWK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 36,480 shares 36,480$3.82M1.35%newTimeline
PCARPACCAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 38,713 shares 38,713$3.68M1.3%newTimeline
HCCWARRIOR MET COAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 72,326 shares 72,326$3.31M1.17%newTimeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 223,487 shares; 2025Q1: 228,386 shares; 2025Q2: 227,532 shares 227,532$2.95M1.04%-854Timeline
OXYOCCIDENTAL PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,946 shares; 2024Q4: 62,411 shares; 2025Q1: 63,704 shares; 2025Q2: 63,164 shares 63,164$2.67M0.95%-540Timeline
SCZISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 34,738 shares; 2025Q1: 34,738 shares; 2025Q2: 34,738 shares 34,738$2.52M0.89%0Timeline
DACDANAOS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 28,768 shares 28,768$2.48M0.88%newTimeline
ADMARCHER DANIELS MIDLAND COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 45,694 shares; 2025Q1: 46,660 shares; 2025Q2: 46,481 shares 46,481$2.45M0.87%-179Timeline
PNCPNC FINL SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,447 shares; 2024Q4: 4,425 shares; 2025Q1: 4,524 shares; 2025Q2: 4,520 shares 4,520$843K0.3%-4Timeline
ARWARROW ELECTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,184 shares; 2024Q4: 5,578 shares; 2025Q1: 5,578 shares; 2025Q2: 5,578 shares 5,578$711K0.25%0Timeline
DINOHF SINCLAIR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,732 shares; 2024Q4: 15,864 shares; 2025Q1: 15,864 shares; 2025Q2: 15,864 shares 15,864$652K0.23%0Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BABAALIBABA GROUP HLDG LTD73,042$9.66Mshares
EGEVEREST GROUP LTD10,580$3.84Mshares
LLOEWS CORP29,498$2.71Mshares
CNRCORE NATURAL RESOURCES INC27,913$2.15Mshares
AMRALPHA METALLURGICAL RESOUR I11,551$1.45Mshares
CABOCABLE ONE INC1,373$365Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001951757-25-001024 base2025-08-05acceptance time not in the bulk data set