Hi-Line Capital Management, LLC

Q4 2025 13F-HR Holdings

Location
Watertown, SD
Holdings as of
12/31/2025
Date filed
2/6/2026
Form type
13F-HR
Num holdings
37
Total value ($000)
$300,443
Net value change ($000)
-16,381 (-5.2%)
New positions
3
Sold out positions
5
Turnover %
12.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/6/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
ADBE 7,779 NEW
BRK-B 2,788 19.4%
NE 2,718 NEW
HCC 2,239 47.2%
CB 1,473 17.2%
UPS 1,375 26.1%
AER 1,312 26.0%
AXP 1,185 18.0%
MKL 979 13.0%
CRH 916 10.6%
Top Reduces (Value $000, Stocks/ETFs)
WBD -11,945 -100.0%
BN -10,092 -100.0%
OXY -2,990 -100.0%
LBRDA -2,861 -21.7%
SCZ -2,665 -100.0%
IJH -2,630 -32.6%
IJR -2,276 -41.0%
IDEV -1,799 -6.5%
SIRI -1,434 -11.5%
RSP -1,105 -8.4%
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