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Hi-Line Capital Management, LLC — 13F Holdings & Portfolio

CIK 1776074 · latest 13F-HR filed 2026-07-24

Backtest portfolio

Hi-Line Capital Management, LLC manages $355.5M in 13F-reported U.S. long-equity assets across 32 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are BRK.A (10.53%), IDEV (10.50%), SIRI (5.63%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 4; 19 existing positions rose in reported value and 5 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$355.5M

Long-equity book

Holdings
32

Distinct positions

Period
2026-06-30

Filed 2026-07-24

Q/Q Activity
+4 / −4 / ↑19 / ↓5

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
BRK.A10.5% · 0%IDEV10.5% · +6%SIRI5.6% · +2%BRK.B5.0% · +5%IEMG4.7% · +7%RSP4.5% · +7%ADBE3.5% · +83%EXP3.4% · +1%LBRDK3.2% · +3%CB3.1% · +2%BRO3.0% · +46%AER2.8% · +1%SU2.6% · newJPM2.4% · -13%CI2.4% · +2%NE2.4% · +2%CMCSA2.4% · newCRH2.3% · +1%IVV2.3% · +6%CF2.3% · +2%MHK2.2% · +2%UBER2.1% · newDAC2.1% · +2%IJH2.1% · +6%KR2.0% · newAXP2.0% · +2%HCC1.8% · +2%PCAR1.4% · +2%GRBK1.4% · +0%IJR1.4% · +7%VSNT1.3% · +2%GLIBK0.9% · +1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 54.1%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Apr 21, 2026.

Assets Under Management
$756.6M
Discretionary
$726.3M
Employees
5
Accounts
225
Address
1200 33RD STREET SE
SUITE #309
WATERTOWN, SD 57201
Phone
(605) 878-0897
Website
Name Title / Status Ownership Type
ANDERSON, MICHAEL, EUGENE ControlMEMBER, PRESIDENT, AND CHIEF INVESTMENT OFFICER
since Mar 2010
75% or moreIndividual
ROBY, MATTHEW, THOMAS ControlVICE PRESIDENT, CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL
since Nov 2022
Less than 5%Individual
Ownership & leadership changes · 5 filings with changes since Mar 30, 2015

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 24, 2025 filing
  • No longer listedCHAPIN, KASEY, JON · OWNER · 10–25% · control person · listed since Jun 2019
Jul 2, 2024 filing
  • ChangedCHAPIN, KASEY, JON · title MEMBER, VICE PRESIDENT, AND FINANCIAL ADVISOR → OWNER
Nov 10, 2022 filing
  • AddedROBY, MATTHEW, THOMAS · VICE PRESIDENT, CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL · Less than 5% · control person
  • ChangedCHAPIN, KASEY, JON · title MEMBER, VICE PRESIDENT, CHIEF COMPLIANCE OFFICER, AND FINANCIAL ADVISOR → MEMBER, VICE PRESIDENT, AND FINANCIAL ADVISOR
Mar 16, 2021 filing
  • ChangedANDERSON, MICHAEL, EUGENE · title MEMBER, OWNER → MEMBER, PRESIDENT, AND CHIEF INVESTMENT OFFICER
  • ChangedCHAPIN, KASEY, JON · title CHIEF COMPLIANCE OFFICER → MEMBER, VICE PRESIDENT, CHIEF COMPLIANCE OFFICER, AND FINANCIAL ADVISOR; ownership Less than 5% → 10–25%
Aug 18, 2020 filing
  • AddedCHAPIN, KASEY, JON · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedANDERSON, MICHAEL, EUGENE · title MEMBER, OWNER AND CHIEF COMPLIANCE OFFICER → MEMBER, OWNER
Mar 30, 2015 filing (earliest on record)
  • ListedANDERSON, MICHAEL, EUGENE · MEMBER, OWNER AND CHIEF COMPLIANCE OFFICER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 19 →

Top Trims

Show all 5 →

New Positions

Show all 4 →

Exited Positions

Show all 4 →

Hi-Line Capital Management, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $37.4M 10.53% 50 SH
2 ISHARES TR IDEV 46435G326 $37.3M 10.50% 419,487 SH
3 SIRIUSXM HOLDINGS INC SIRI 829933100 $20.0M 5.63% 677,658 SH
4 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $17.9M 5.04% 35,777 SH
5 ISHARES INC IEMG 46434G103 $16.9M 4.75% 203,656 SH
6 INVESCO EXCHANGE TRADED FD T RSP 46137V357 $15.9M 4.47% 74,679 SH
7 ADOBE INC ADBE 00724F101 $12.4M 3.49% 60,576 SH
8 EAGLE MATLS INC EXP 26969P108 $11.9M 3.36% 53,020 SH
9 LIBERTY BROADBAND CORP LBRDK 530307305 $11.5M 3.24% 346,317 SH
10 CHUBB LIMITED CB H1467J104 $11.1M 3.13% 32,537 SH
11 BROWN & BROWN INC BRO 115236101 $10.6M 2.98% 165,254 SH
12 AERCAP HOLDINGS NV AER N00985106 $9.8M 2.77% 67,536 SH
13 SUNCOR ENERGY INC NEW SU 867224107 $9.1M 2.56% 169,780 SH
14 JPMORGAN CHASE & CO JPM 46625H100 $8.7M 2.45% 26,580 SH
15 THE CIGNA GROUP CI 125523100 $8.7M 2.44% 31,518 SH
16 NOBLE CORP PLC NE G65431127 $8.7M 2.43% 231,912 SH
17 COMCAST CORP NEW CMCSA 20030N101 $8.6M 2.41% 349,268 SH
18 CRH PLC CRH G25508105 $8.3M 2.33% 77,483 SH
19 ISHARES TR IVV 464287200 $8.2M 2.32% 10,992 SH
20 CF INDUSTRIES HOLD CF 125269100 $8.0M 2.26% 74,202 SH
21 MOHAWK INDS INC MHK 608190104 $7.9M 2.23% 65,311 SH
22 UBER TECHNOLOGIES INC UBER 90353T100 $7.6M 2.13% 105,055 SH
23 DANAOS CORPORATION DAC Y1968P121 $7.5M 2.12% 61,467 SH
24 ISHARES TR IJH 464287507 $7.5M 2.10% 97,011 SH
25 KROGER CO KR 501044101 $7.3M 2.05% 130,977 SH
26 AMERICAN EXPRESS CO AXP 025816109 $7.2M 2.03% 21,290 SH
27 WARRIOR MET COAL INC HCC 93627C101 $6.5M 1.84% 80,456 SH
28 PACCAR INC PCAR 693718108 $5.1M 1.45% 42,812 SH
29 GREEN BRICK PARTNERS INC GRBK 392709101 $5.1M 1.44% 63,771 SH
30 ISHARES TR IJR 464287804 $4.8M 1.36% 32,580 SH
31 VERSANT MEDIA GROUP INC VSNT 925283103 $4.6M 1.29% 127,296 SH
32 LIBERTY CAP CORP GLIBK 36164V800 $3.1M 0.87% 143,164 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-24 $355.5M 32 0001951757-26-001036
2026-03-31 2026-04-27 $318.2M 32 0001951757-26-000744
2025-12-31 2026-02-06 $300.4M 37 0001951757-26-000384
Filer Information
Address
1200 33RD ST SE, SUITE #309
WATERTOWN, SD 57201
Phone
(605) 878-0897
Filing Manager
Hi-Line Capital Management, LLC
WATERTOWN, SD
Signatory
Matthew Roby
Chief Compliance Officer