HC
Hi-Line Capital Management, LLC Holdings Report (Q2 2026) — 13F Stock Portfolio
Hi-Line Capital Management, LLCCIK: 0001776074
Momentum followerQuality / disciplined sizingDiversified strategy
Total reported value
$355.5M
Reporting period: 2026-06-30 · Number of holdings: 32
Hi-Line Capital Management, LLC disclosed 32 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $355.5M and a quarterly turnover rate of 30.8%.
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Personality snowflake
- Concentration
- 18.64
- Portfolio Stability
- 30.84
- Momentum
- 100
- Sector conviction
- 46.3
- Diversification
- 64
- Sizing Uniformity
- 92.88
Hi-Line Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.047 — mathematically equivalent to about 21 equally-sized positions, close to its 32 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.71), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 55% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy SU
New buy CMCSA
Sold out MKL
Sold out AMCR
New buy UBER
Trim LBRDK
+2.9% -$5.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 10.53% | -0.76% | — | |
| 2 | IDEV | Ishares Core Msci Dev Mkts | ETF-Other | 10.50% | +0.11% | +6.04% | |
| 3 | SIRI | Sirius Xm Holdings Inc | Stock-Comm Services | 5.63% | +0.79% | +1.49% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 5.04% | -0.08% | +5.32% | |
| 5 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 4.75% | +0.58% | +6.96% | |
| 6 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 4.47% | +0.25% | +6.76% | |
| 7 | ADBE | Adobe Inc | Stock-Tech | 3.49% | +0.96% | +82.95% | |
| 8 | EXP | Eagle Materials Inc | Stock-Materials | 3.36% | +0.24% | +1.31% | |
| 9 | LBRDK | Liberty Broadband-c | Stock-Comm Services | 3.24% | -2.08% | +2.93% | |
| 10 | CB | Chubb Limited | Stock-Financials | 3.13% | -0.16% | +1.72% | |
| 11 | BRO | Brown & Brown Inc | Stock-Financials | 2.98% | +0.66% | +45.93% | |
| 12 | AER | AerCap Holdings N.V. | Stock-Industrials | 2.77% | -0.11% | +1.11% | |
| 13 | SU | Suncor Energy Inc | Stock-Energy | 2.56% | +2.56% | NEW | |
| 14 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.45% | -0.38% | -13.25% | |
| 15 | CI | THE Cigna Group | Stock-Healthcare | 2.44% | -0.15% | +1.86% | |
| 16 | NE | Noble Corporation plc | Stock-Energy | 2.43% | -1.08% | +1.90% | |
| 17 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 2.41% | +2.41% | NEW | |
| 18 | CRH | CRH plc | Stock-Materials | 2.33% | -0.22% | +0.95% | |
| 19 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.32% | +0.20% | +6.44% | |
| 20 | CF | Cf Industries Holdings Inc | Stock-Materials | 2.26% | -0.70% | +2.14% | |
| 21 | MHK | Mohawk Industries Inc | Stock-Consumer Disc | 2.23% | +0.24% | +1.80% | |
| 22 | UBER | Uber Technologies Inc | Stock-Industrials | 2.13% | +2.13% | NEW | |
| 23 | DAC | Danaos Corporation | Stock-Other | 2.12% | -0.01% | +2.02% | |
| 24 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 2.10% | +0.16% | +6.25% | |
| 25 | KR | Kroger Co | Stock-Consumer Staples | 2.05% | +2.05% | NEW | |
| 26 | AXP | American Express Co | Stock-Financials | 2.03% | +0.04% | +1.77% | |
| 27 | HCC | Warrior Met Coal Inc | Stock-Materials | 1.84% | -0.48% | +1.73% | |
| 28 | PCAR | Paccar Inc | Stock-Industrials | 1.45% | -0.08% | +1.90% | |
| 29 | GRBK | Green Brick Partners Inc | Stock-Other | 1.44% | +0.16% | +0.53% | |
| 30 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.36% | +0.17% | +6.62% | |
| 31 | VSNT | Versant Media Group Inc | Stock-Comm Services | 1.29% | -0.17% | +1.66% | |
| 32 | GLIBK | Liberty Capital Corp-cl C | Stock-Other | 0.87% | -0.79% | +1.16% |
Portfolio Performance
Performance for Q3 2026
+5.6%
Performance Last 4 Quarters
+21.2%
Based on 84% of reported portfolio value with available pricing
- Stdev
- +14.5%
- Beta
- +0.67
- Alpha
- +4.2%
- Max Drawdown
- -8.4%
- Annualized Perf
- +18%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.24
- Stutzer
- +0.35
- Treynor
- +0.26
- Sterling
- +1.09
- Calmar
- +2.13
- Information Ratio
- -0.19
- Tracking Error
- +12.3%
- Stdev Down
- +7.9%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +34.6%
- Worst 12 Months
- +6.1%
- Efficiency Ratio
- +0.51
- Sharpe
- +1.22
- Stdev Sectors
- +6.9%
- Skewness
- -0.13
- Kurtosis
- -0.01
- Upside Potential
- +3.79
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 32 | $355.5M | 31 | ||
| 2026 Q1 | 32 | $318.2M | 46 | ||
| 2025 Q4 | 37 | $300.4M | 23 | ||
| 2025 Q3 | 39 | $316.8M | 46 | ||
| 2025 Q2 | 38 | $282.4M | 0 | ||
| 2025 Q1 | 39 | $267.3M | 100 | ||
| 2024 Q4 | 37 | $228.5M | 0 | ||
| 2024 Q3 | 30 | $203.6M | 0 | ||
| 2024 Q2 | 33 | $238.1M | 0 | ||
| 2024 Q1 | 39 | $281.8M | 0 | ||
| 2023 Q4 | 38 | $258.0M | 0 | ||
| 2023 Q3 | 39 | $271.4M | 0 | ||
| 2023 Q2 | 38 | $269.0M | 0 | ||
| 2023 Q1 | 40 | $293.0M | 0 | ||
| 2022 Q4 | 42 | $324.1M | 0 | ||
| 2022 Q3 | 24 | $248.1M | 0 | ||
| 2022 Q2 | 23 | $263.0M | 0 | ||
| 2022 Q1 | 25 | $293.2M | 0 | ||
| 2021 Q4 | 27 | $271.4M | 0 | ||
| 2021 Q3 | 27 | $280.1M | 0 | ||
| 2021 Q2 | 26 | $263.0M | 97 | ||
| 2021 Q1 | 27 | $249.8M | 41 | ||
| 2020 Q4 | 25 | $180.2M | 18 | ||
| 2020 Q3 | 28 | $183.0M | 24 | ||
| 2020 Q2 | 27 | $198.2M | 37 | ||
| 2020 Q1 | 29 | $170.6M | 53 | ||
| 2019 Q4 | 28 | $244.2M | 21 | ||
| 2019 Q3 | 29 | $224.2M | 27 | ||
| 2019 Q2 | 28 | $217.9M | 14 | ||
| 2019 Q1 | 29 | $208.7M | 19 | ||
| 2018 Q4 | 31 | $184.4M | 0 |
Holding changes this quarter
Hi-Line Capital Management, LLC's most significant position changes for 2026-06-30: New buy: Suncor Energy Inc (SU); New buy: Comcast Corp-class A (CMCSA); New buy: Uber Technologies Inc (UBER); New buy: Kroger Co (KR); Sold out: Markel Group Inc (MKL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SU | Suncor Energy Inc | +2.6% | NEW | New buy |
| 2 | CMCSA | Comcast Corp-class A | +2.4% | NEW | New buy |
| 3 | UBER | Uber Technologies Inc | +2.1% | NEW | New buy |
| 4 | KR | Kroger Co | +2.1% | NEW | New buy |
| 5 | ADBE | Adobe Inc | +1% | +82.95% | Add |
| 6 | SIRI | Sirius Xm Holdings Inc | +0.8% | +1.49% | Add |
| 7 | BRO | Brown & Brown Inc | +0.7% | +45.93% | Add |
| 8 | IEMG | Ishares Core Msci Emerging | +0.6% | +6.96% | Add |
| 9 | RSP | Invesco S&p 500 Equal Weight | +0.3% | +6.76% | Add |
| 10 | EXP | Eagle Materials Inc | +0.2% | +1.31% | Add |
| 11 | MHK | Mohawk Industries Inc | +0.2% | +1.80% | Add |
| 12 | IVV | Ishares Core S&p 500 ETF | +0.2% | +6.44% | Add |
| 13 | IJR | Ishares Core S&p Small-cap E | +0.2% | +6.62% | Add |
| 14 | IJH | Ishares Core S&p Midcap ETF | +0.2% | +6.25% | Add |
| 15 | GRBK | Green Brick Partners Inc | +0.2% | +0.53% | Add |
| 16 | IDEV | Ishares Core Msci Dev Mkts | +0.1% | +6.04% | Add |
| 17 | AXP | American Express Co | 0% | +1.77% | Add |
| 18 | DAC | Danaos Corporation | 0% | +2.02% | Add |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | +5.32% | Add |
| 20 | PCAR | Paccar Inc | -0.1% | +1.90% | Add |
| 21 | CHTR | Charter Communications Inc-a | -0.1% | EXIT | Sold out |
| 22 | AER | AerCap Holdings N.V. | -0.1% | +1.11% | Add |
| 23 | CI | THE Cigna Group | -0.2% | +1.86% | Add |
| 24 | CB | Chubb Limited | -0.2% | +1.72% | Add |
| 25 | VSNT | Versant Media Group Inc | -0.2% | +1.66% | Add |
| 26 | CRH | CRH plc | -0.2% | +0.95% | Add |
| 27 | JPM | Jpmorgan Chase & Co | -0.4% | -13.25% | Trim |
| 28 | HCC | Warrior Met Coal Inc | -0.5% | +1.73% | Add |
| 29 | CF | Cf Industries Holdings Inc | -0.7% | +2.14% | Add |
| 30 | BRK-A | Berkshire Hathaway Inc-cl A | -0.8% | — | Unchanged |
| 31 | GLIBK | Liberty Capital Corp-cl C | -0.8% | +1.16% | Add |
| 32 | NE | Noble Corporation plc | -1.1% | +1.90% | Add |
| 33 | UPS | United Parcel Service-cl B | -2.1% | EXIT | Sold out |
| 34 | LBRDK | Liberty Broadband-c | -2.1% | +2.93% | Add |
| 35 | AMCR | Amcor plc | -2.2% | EXIT | Sold out |
| 36 | MKL | Markel Group Inc | -2.2% | EXIT | Sold out |
Filing History
FAQ
What is Hi-Line Capital Management, LLC and what type of investor is it?
Hi-Line Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $355.5M, spread across 32 disclosed positions.
What are Hi-Line Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Hi-Line Capital Management, LLC's top holdings by market value are:
1. Berkshire Hathaway Inc-cl A (BRK-A) — $37.4M (10.5%)
2. Ishares Core Msci Dev Mkts (IDEV) — $37.3M (10.5%)
3. Sirius Xm Holdings Inc (SIRI) — $20.0M (5.6%)
4. Berkshire Hathaway Inc-cl B (BRK-B) — $17.9M (5.0%)
5. Ishares Core Msci Emerging (IEMG) — $16.9M (4.8%)
What changes did Hi-Line Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Hi-Line Capital Management, LLC made 35 notable position adjustments: 4 new positions were initiated, 26 existing holdings were added to, 1 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: Suncor Energy Inc (SU); New buy: Comcast Corp-class A (CMCSA); New buy: Uber Technologies Inc (UBER); New buy: Kroger Co (KR); Sold out: Markel Group Inc (MKL)
What sectors does Hi-Line Capital Management, LLC focus on?
Hi-Line Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 23.1%
• Financials: 19.4%
• Materials: 18.0%
• Industrials: 11.7%
• Energy: 9.2%
• Information Technology: 6.4%
Investment Profile
Hi-Line Capital Management, LLC returned an annualized 18.0% over the trailing 36 months — outperforming the S&P 500 by 4.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.67 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 31 over the past 4 quarters — a shift toward more active trading.
It has added to its IDEV position over the past two quarters (+$11.6M, now $37.3M), while trimming JPM over the same stretch (-$1.2M, still holding $8.7M).
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