Hi-Line Capital Management, LLC

Q3 2025 13F-HR Holdings

Location
Watertown, SD
Holdings as of
9/30/2025
Date filed
11/6/2025
Form type
13F-HR
Num holdings
39
Total value ($000)
$316,824
Net value change ($000)
+34,422 (12.2%)
New positions
4
Sold out positions
3
Turnover %
7.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 2/6/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IDEV 5,640 25.7%
CI 5,286 NEW
WBD 5,128 75.2%
AMCR 4,867 NEW
VSAT 3,492 90.8%
IEMG 2,902 30.8%
DAC 2,650 106.8%
RSP 2,610 24.6%
CRH 2,193 33.8%
BRK-B 1,999 5.6%
Top Reduces (Value $000, Stocks/ETFs)
SNNRF -5,624 -100.0%
TMUS -4,628 -100.0%
BN -3,201 -24.1%
LBRDA -3,041 -18.8%
UPS -947 -15.3%
CMCSA -862 -10.0%
PNC -843 -100.0%
CNH INDL N V -411 -13.9%
MKL -156 -2.0%
ARW -36 -5.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type