Hi-Line Capital Management, LLC — Inside Their 13F Portfolio

CIK: 0001776074

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$318.2M

Reporting period: 2026-03-31 · Number of holdings: 32

Hi-Line Capital Management, LLC disclosed 32 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $318.2M and a quarterly turnover rate of 46.5%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "H"

Personality snowflake

Concentration: 19.25
Portfolio Stability: 46.46
Momentum/Contrarian: 100
Sector conviction: 86.62
Diversification: 64
Sizing Uniformity: 92.53

Hi-Line Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.048 — 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 0.75), 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 22% 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.

Recent moves

Add NE
+136.5%　$8.4M
Add LBRDK
+58.6%　$6.6M
Add IDEV
+26.6%　$7.3M
Trim BRK-A
0.0%　-$1.8M
Add SIRI
+20.9%　$4.4M
Add GLIBK
+233.2%　$3.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	11.29%	-1.27%	—
2	IDEV	Ishares Core Msci Dev Mkts	ETF-Other	10.39%	+1.81%	+26.64%
3	LBRDK	Liberty Broadband-c	Stock-Comm Services	5.32%	+1.89%	+58.64%
4	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	5.12%	-0.59%	-0.45%
5	SIRI	Sirius Xm Holdings INC	Stock-Comm Services	4.84%	+1.17%	+20.95%
6	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	4.22%	+0.19%	+10.63%
7	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	4.17%	+0.34%	+11.20%
8	NE	Noble Corporation plc	Stock-Energy	3.51%	+2.61%	+136.48%
9	CB	Chubb Limited	Stock-Financials	3.29%	-0.05%	-0.14%
10	EXP	Eagle Materials INC	Stock-Materials	3.12%	+0.87%	+59.90%
11	CF	Cf Industries Holdings INC	Stock-Materials	2.96%	+2.96%	NEW
12	AER	AerCap Holdings N.V.	Stock-Industrials	2.88%	+0.76%	+51.10%
13	JPM	Jpmorgan Chase & Co	Stock-Financials	2.83%	-0.46%	-0.19%
14	CI	THE Cigna Group	Stock-Healthcare	2.59%	+0.81%	+59.09%
15	CRH	CRH plc	Stock-Materials	2.55%	-0.64%	-0.18%
16	ADBE	Adobe INC	Stock-Tech	2.53%	-0.06%	+48.97%
17	BRO	Brown & Brown INC	Stock-Financials	2.32%	+2.32%	NEW
18	HCC	Warrior Met Coal INC	Stock-Materials	2.32%	—	-0.12%
19	MKL	Markel Group INC	Stock-Financials	2.17%	-0.67%	-9.01%
20	AMCR	Amcor plc	Stock-Consumer Disc	2.15%	+2.15%	NEW
21	DAC	Danaos Corporation	Stock-Other	2.13%	+0.24%	+0.11%
22	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	2.12%	-0.01%	+10.76%
23	UPS	United Parcel Service-cl B	Stock-Industrials	2.06%	-0.15%	-0.29%
24	AXP	American Express Co	Stock-Financials	1.99%	-0.59%	-0.21%
25	MHK	Mohawk Industries INC	Stock-Consumer Disc	1.99%	+0.54%	+61.20%
26	IJH	Ishares Core S&p Midcap ETF	ETF-Other	1.94%	+0.13%	+10.87%
27	GLIBK	Liberty Capital Corp-cl C	Stock-Other	1.66%	+1.13%	+233.22%
28	PCAR	Paccar INC	Stock-Industrials	1.53%	-0.02%	-0.14%
29	VSNT	Versant Media Group INC	Stock-Comm Services	1.46%	+1.46%	NEW
30	GRBK	Green Brick Partners INC	Stock-Other	1.28%	+1.28%	NEW
31	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	1.19%	+0.10%	+12.24%
32	CHTR	Charter Communications Inc-a	Stock-Comm Services	0.09%	-0.01%	-4.13%

Portfolio Performance

Performance for Q3 2026

+3.8%

Performance Last 4 Quarters

+25.7%

Based on 71% of reported portfolio value with available pricing

Stdev: +14%
Beta: +0.67
Alpha: +4.5%
Max Drawdown: -8.4%
Annualized Perf: +17.1%
Batting Avg vs S&P: +44.4%
Sortino: +2.27
Stutzer: +0.35
Treynor: +0.25
Sterling: +1.02
Calmar: +2.04
Information Ratio: -0.14
Tracking Error: +11.8%
Stdev Down: +7.4%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +31.2%
Worst 12 Months: +9.5%
Efficiency Ratio: +0.51
Sharpe: +1.2
Stdev Sectors: +13.3%
Skewness: -0.1
Kurtosis: -0.15
Upside Potential: +3.8

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	32	$318.2M	46	1BRK-A 2IDEV 3LBRDK Top holdings2026-03-31 1.BRK-A 2.IDEV 3.LBRDK 4.BRK-B 5.SIRI 6.RSP 7.IEMG 8.NE 9.CB 10.EXP
2025-12-31	37	$300.4M	23	1BRK-A 2IDEV 3BRK-B Top holdings2025-12-31 1.BRK-A 2.IDEV 3.BRK-B 4.RSP 5.LBTYA 6.IEMG 7.SIRI 8.LBRDK 9.CB 10.COP
2025-09-30	39	$316.8M	46	1BRK-A 2IDEV 3BRK-B Top holdings2025-09-30 1.BRK-A 2.IDEV 3.BRK-B 4.RSP 5.LBRDK 6.SIRI 7.IEMG 8.WBD 9.LBTYA 10.BN
2025-06-30	38	$282.4M	0	1BRK-A 2IDEV 3LBRDK Top holdings2025-06-30 1.BRK-A 2.IDEV 3.LBRDK 4.BN 5.BRK-B 6.SIRI 7.RSP 8.LBTYA 9.IEMG 10.COP
2025-03-31	39	$267.3M	100	1BRK-A 2IDEV 3BRK-B Top holdings2025-03-31 1.BRK-A 2.IDEV 3.BRK-B 4.LBRDK 5.SIRI 6.LBTYA 7.BN 8.COP 9.SNREN 10.BABA
2024-12-31	37	$228.5M	0	1BRK-A 2IDEV 3BN Top holdings2024-12-31 1.BRK-A 2.IDEV 3.BN 4.BRK-B 5.LBTYA 6.LBRDK 7.SIRI 8.COP 9.CMCSA 10.CB
2024-09-30	30	$203.6M	0	1BRK-A 2LBTYA 3BN Top holdings2024-09-30 1.BRK-A 2.LBTYA 3.BN 4.TMUS 5.BRK-B 6.LBRDK 7.SIRI 8.COP 9.CMCSA 10.CB
2024-06-30	33	$238.1M	0	1BRK-A 2JPM 3LBTYA Top holdings2024-06-30 1.BRK-A 2.JPM 3.LBTYA 4.BRK-B 5.LM0C 6.COP 7.PSX 8.TMUS 9.BN 10.AXP
2024-03-31	39	$281.8M	0	1BRK-A 2JPM 3BRK-B Top holdings2024-03-31 1.BRK-A 2.JPM 3.BRK-B 4.LM0C 5.LBTYA 6.PSX 7.COP 8.BN 9.TMUS 10.AXP
2023-12-31	38	$258.0M	0	1BRK-A 2LBTYA 3JPM Top holdings2023-12-31 1.BRK-A 2.LBTYA 3.JPM 4.BRK-B 5.COP 6.PSX 7.TMUS 8.BN 9.LM0C 10.LBRDA
2023-09-30	39	$271.4M	0	1BRK-A 2BRK-B 3LBTYA Top holdings2023-09-30 1.BRK-A 2.BRK-B 3.LBTYA 4.JPM 5.COP 6.PSX 7.LBRDA 8.TMUS 9.LM0C 10.BN
2023-06-30	38	$269.0M	0	1BRK-A 2BRK-B 3JPM Top holdings2023-06-30 1.BRK-A 2.BRK-B 3.JPM 4.LBTYA 5.COP 6.LSXMKUSD 7.VSAT 8.TSM 9.TMUS 10.BN
2023-03-31	40	$293.0M	0	1BRK-A 2BRK-B 3LBTYA Top holdings2023-03-31 1.BRK-A 2.BRK-B 3.LBTYA 4.JPM 5.COP 6.TMUS 7.LSXMKUSD 8.LBRDA 9.TSM 10.BN
2022-12-31	42	$324.1M	0	1BRK-A 2BRK-B 3LBTYA Top holdings2022-12-31 1.BRK-A 2.BRK-B 3.LBTYA 4.LSXMKUSD 5.COP 6.JPM 7.LMT 8.TMUS 9.LIMAF 10.PSX
2022-09-30	24	$248.1M	0	1BRK-A 2BRK-B 3LSXMKUSD Top holdings2022-09-30 1.BRK-A 2.BRK-B 3.LSXMKUSD 4.COP 5.LBTYA 6.JPM 7.TMUS 8.LMT 9.LBRDA 10.PSX
2022-06-30	23	$263.0M	0	1BRK-A 2LBTYA 3BRK-B Top holdings2022-06-30 1.BRK-A 2.LBTYA 3.BRK-B 4.LBRDA 5.LSXMKUSD 6.JPM 7.LMT 8.COP 9.TMUS 10.WBD
2022-03-31	25	$293.2M	0	1BRK-A 2BRK-B 3LBTYA Top holdings2022-03-31 1.BRK-A 2.BRK-B 3.LBTYA 4.JPM 5.LSXMKUSD 6.COP 7.DISCKUSD 8.LMT 9.TMUS 10.VSAT
2021-12-31	27	$271.4M	0	1LBTYA 2BRK-A 3BRK-B Top holdings2021-12-31 1.LBTYA 2.BRK-A 3.BRK-B 4.JPM 5.LSXMKUSD 6.DISCKUSD 7.LMT 8.TMUS 9.COP 10.VSAT
2021-09-30	27	$280.1M	0	1LBTYA 2BRK-A 3JPM Top holdings2021-09-30 1.LBTYA 2.BRK-A 3.JPM 4.BRK-B 5.LSXMKUSD 6.GM 7.LIMAF 8.DISCKUSD 9.LMT 10.COP
2021-06-30	26	$263.0M	97	1LBTYA 2BRK-A 3JPM Top holdings2021-06-30 1.LBTYA 2.BRK-A 3.JPM 4.BRK-B 5.LSXMKUSD 6.GM 7.SCHW 8.LMT 9.DISCKUSD 10.AXP
2021-03-31	27	$249.8M	41	1LBTYA 2BRK-A 3JPM Top holdings2021-03-31 1.LBTYA 2.BRK-A 3.JPM 4.BRK-B 5.GM 6.DISCKUSD 7.LSXMKUSD 8.SCHW 9.LMT 10.VSAT
2020-12-31	25	$180.2M	18	1BRK-A 2LBTYA 3DISCKUSD Top holdings2020-12-31 1.BRK-A 2.LBTYA 3.DISCKUSD 4.AXP 5.JPM 6.BRK-B 7.LSXMKUSD 8.GM 9.SCHW 10.LBRDA
2020-09-30	28	$183.0M	24	1BRK-B 2LBTYA 3BRK-A Top holdings2020-09-30 1.BRK-B 2.LBTYA 3.BRK-A 4.AXP 5.JPM 6.DISCKUSD 7.GM 8.SCHW 9.LBRDA 10.PNC
2020-06-30	27	$198.2M	37	1LBTYA 2BRK-B 3AXP Top holdings2020-06-30 1.LBTYA 2.BRK-B 3.AXP 4.BRK-A 5.JPM 6.DISCKUSD 7.LIMAF 8.GM 9.SCHW 10.COP
2020-03-31	29	$170.6M	53	1BRK-B 2AXP 3BRK-A Top holdings2020-03-31 1.BRK-B 2.AXP 3.BRK-A 4.JPM 5.LBTYA 6.DISCKUSD 7.GM 8.USB 9.WFC 10.PSX
2019-12-31	28	$244.2M	21	1AXP 2BRK-B 3JPM Top holdings2019-12-31 1.AXP 2.BRK-B 3.JPM 4.BRK-A 5.DISCKUSD 6.LBTYA 7.GM 8.LBRDA 9.USB 10.AAPL
2019-09-30	29	$224.2M	27	1AXP 2BRK-B 3BRK-A Top holdings2019-09-30 1.AXP 2.BRK-B 3.BRK-A 4.JPM 5.GM 6.LBTYA 7.USB 8.LBRDA 9.DHI 10.PHM
2019-06-30	28	$217.9M	14	1AXP 2BRK-B 3BRK-A Top holdings2019-06-30 1.AXP 2.BRK-B 3.BRK-A 4.JPM 5.GM 6.LBRDK 7.LBTYA 8.USB 9.CMCSA 10.C
2019-03-31	29	$208.7M	19	1AXP 2BRK-B 3BRK-A Top holdings2019-03-31 1.AXP 2.BRK-B 3.BRK-A 4.JPM 5.GM 6.LBRDK 7.LBTYA 8.USB 9.IBM 10.CMCSA
2018-12-31	31	$184.4M	0	1BRK-A 2BRK-B 3AXP Top holdings2018-12-31 1.BRK-A 2.BRK-B 3.AXP 4.GM 5.JPM 6.LBRDK 7.USB 8.WFC 9.CMCSA 10.IBM

Holding changes this quarter

Hi-Line Capital Management, LLC's most significant position changes for 2026-03-31: Sold out: Liberty Global Ltd. (LBTYA); Sold out: Conocophillips (COP); New buy: Cf Industries Holdings INC (CF); Sold out: Comcast Corp-class A (CMCSA); New buy: Brown & Brown INC (BRO).

Position changes disclosed by Hi-Line Capital Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NE	Noble Corporation plc	+2.6%	+136.48%	Add
2	LBRDK	Liberty Broadband-c	+1.9%	+58.64%	Add
3	IDEV	Ishares Core Msci Dev Mkts	+1.8%	+26.64%	Add
4	SIRI	Sirius Xm Holdings INC	+1.2%	+20.95%	Add
5	GLIBK	Liberty Capital Corp-cl C	+1.1%	+233.22%	Add
6	EXP	Eagle Materials INC	+0.9%	+59.90%	Add
7	CI	THE Cigna Group	+0.8%	+59.09%	Add
8	AER	AerCap Holdings N.V.	+0.8%	+51.10%	Add
9	MHK	Mohawk Industries INC	+0.5%	+61.20%	Add
10	IEMG	Ishares Core Msci Emerging	+0.3%	+11.20%	Add
11	DAC	Danaos Corporation	+0.2%	+0.11%	Add
12	RSP	Invesco S&p 500 Equal Weight	+0.2%	+10.63%	Add
13	IJH	Ishares Core S&p Midcap ETF	+0.1%	+10.87%	Add
14	IJR	Ishares Core S&p Small-cap E	+0.1%	+12.24%	Add
15	HCC	Warrior Met Coal INC	—	-0.12%	Trim
16	IVV	Ishares Core S&p 500 ETF	0%	+10.76%	Add
17	CHTR	Charter Communications Inc-a	0%	-4.13%	Trim
18	PCAR	Paccar INC	0%	-0.14%	Trim
19	CB	Chubb Limited	-0.1%	-0.14%	Trim
20	ADBE	Adobe INC	-0.1%	+48.97%	Add
21	UPS	United Parcel Service-cl B	-0.2%	-0.29%	Trim
22	JPM	Jpmorgan Chase & Co	-0.5%	-0.19%	Trim
23	AXP	American Express Co	-0.6%	-0.21%	Trim
24	BRK-B	Berkshire Hathaway Inc-cl B	-0.6%	-0.45%	Trim
25	CRH	CRH plc	-0.6%	-0.18%	Trim
26	MKL	Markel Group INC	-0.7%	-9.01%	Trim
27	BRK-A	Berkshire Hathaway Inc-cl A	-1.3%	—	Unchanged
28	LBTYA	Liberty Global Ltd.	—	EXIT	Sold out
29	COP	Conocophillips	—	EXIT	Sold out
30	CF	Cf Industries Holdings INC	—	NEW	New buy
31	CMCSA	Comcast Corp-class A	—	EXIT	Sold out
32	BRO	Brown & Brown INC	—	NEW	New buy
33	VSAT	Viasat INC	—	EXIT	Sold out
34	AMCR	Amcor plc	—	NEW	New buy
35	LMT	Lockheed Martin CORP	—	EXIT	Sold out
36	AMCR	Amcor plc	—	EXIT	Sold out
37	VSNT	Versant Media Group INC	—	NEW	New buy
38	GRBK	Green Brick Partners INC	—	NEW	New buy
39	ADM	Archer-daniels-midland Co	—	EXIT	Sold out
40	CNH	CNH Industrial N.V.	—	EXIT	Sold out
41	DINO	Hf Sinclair CORP	—	EXIT	Sold out
42	ARW	Arrow Electronics INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-27	13F-HR	View on EDGAR
2025-12-31	2026-02-06	13F-HR	View on EDGAR
2025-09-30	2025-11-06	13F-HR	View on EDGAR
2025-06-30	2025-08-05	13F-HR	View on EDGAR
2025-03-31	2025-04-23	13F-HR	View on EDGAR
2024-12-31	2025-02-04	13F-HR	View on EDGAR
2024-09-30	2024-10-28	13F-HR	View on EDGAR
2024-06-30	2024-07-31	13F-HR	View on EDGAR
2024-03-31	2024-04-18	13F-HR	View on EDGAR
2023-12-31	2024-02-06	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-01	13F-HR	View on EDGAR
2023-03-31	2023-04-21	13F-HR	View on EDGAR
2022-12-31	2023-01-31	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-11	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-13	Amendment	View on EDGAR
2019-12-31	2020-02-12	13F-HR	View on EDGAR
2019-09-30	2019-11-06	13F-HR	View on EDGAR
2019-06-30	2019-08-13	13F-HR	View on EDGAR
2019-03-31	2019-05-22	Amendment	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-05-22	Amendment	View on EDGAR
2018-12-31	2019-05-15	13F-HR	View on EDGAR

FAQ

What is Hi-Line Capital Management, LLC and what type of investor is it?

Hi-Line Capital Management, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $318.2M, 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) — $35.9M (11.3%) 2. Ishares Core Msci Dev Mkts (IDEV) — $33.1M (10.4%) 3. Liberty Broadband-c (LBRDK) — $16.9M (5.3%) 4. Berkshire Hathaway Inc-cl B (BRK-B) — $16.3M (5.1%) 5. Sirius Xm Holdings INC (SIRI) — $15.4M (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 41 notable position adjustments: 5 new positions were initiated, 16 existing holdings were added to, 10 positions were partially reduced, and 10 were completely exited. The largest of these moves: Sold out: Liberty Global Ltd. (LBTYA); Sold out: Conocophillips (COP); New buy: Cf Industries Holdings INC (CF); Sold out: Comcast Corp-class A (CMCSA); New buy: Brown & Brown INC (BRO)

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: • Financials: 45.0% • Communication Services: 22.4% • Health Care: 11.8% • Information Technology: 11.5% • Industrials: 9.3%

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Hi-Line Capital Management, LLC — Inside Their 13F Portfolio

CIK: 0001776074

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$318.2M

Reporting period: 2026-03-31 · Number of holdings: 32

Hi-Line Capital Management, LLC disclosed 32 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $318.2M and a quarterly turnover rate of 46.5%.

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Personality snowflake

Concentration: 19.25
Portfolio Stability: 46.46
Momentum/Contrarian: 100
Sector conviction: 86.62
Diversification: 64
Sizing Uniformity: 92.53

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.75), 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.

Recent moves

Add NE
+136.5%　$8.4M
Add LBRDK
+58.6%　$6.6M
Add IDEV
+26.6%　$7.3M
Trim BRK-A
0.0%　-$1.8M
Add SIRI
+20.9%　$4.4M
Add GLIBK
+233.2%　$3.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BRK-A	Berkshire Hathaway Inc-cl A	Stock-Other	11.29%	-1.27%	—
2	IDEV	Ishares Core Msci Dev Mkts	ETF-Other	10.39%	+1.81%	+26.64%
3	LBRDK	Liberty Broadband-c	Stock-Comm Services	5.32%	+1.89%	+58.64%
4	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	5.12%	-0.59%	-0.45%
5	SIRI	Sirius Xm Holdings INC	Stock-Comm Services	4.84%	+1.17%	+20.95%
6	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	4.22%	+0.19%	+10.63%
7	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	4.17%	+0.34%	+11.20%
8	NE	Noble Corporation plc	Stock-Energy	3.51%	+2.61%	+136.48%
9	CB	Chubb Limited	Stock-Financials	3.29%	-0.05%	-0.14%
10	EXP	Eagle Materials INC	Stock-Materials	3.12%	+0.87%	+59.90%
11	CF	Cf Industries Holdings INC	Stock-Materials	2.96%	+2.96%	NEW
12	AER	AerCap Holdings N.V.	Stock-Industrials	2.88%	+0.76%	+51.10%
13	JPM	Jpmorgan Chase & Co	Stock-Financials	2.83%	-0.46%	-0.19%
14	CI	THE Cigna Group	Stock-Healthcare	2.59%	+0.81%	+59.09%
15	CRH	CRH plc	Stock-Materials	2.55%	-0.64%	-0.18%
16	ADBE	Adobe INC	Stock-Tech	2.53%	-0.06%	+48.97%
17	BRO	Brown & Brown INC	Stock-Financials	2.32%	+2.32%	NEW
18	HCC	Warrior Met Coal INC	Stock-Materials	2.32%	—	-0.12%
19	MKL	Markel Group INC	Stock-Financials	2.17%	-0.67%	-9.01%
20	AMCR	Amcor plc	Stock-Consumer Disc	2.15%	+2.15%	NEW
21	DAC	Danaos Corporation	Stock-Other	2.13%	+0.24%	+0.11%
22	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	2.12%	-0.01%	+10.76%
23	UPS	United Parcel Service-cl B	Stock-Industrials	2.06%	-0.15%	-0.29%
24	AXP	American Express Co	Stock-Financials	1.99%	-0.59%	-0.21%
25	MHK	Mohawk Industries INC	Stock-Consumer Disc	1.99%	+0.54%	+61.20%
26	IJH	Ishares Core S&p Midcap ETF	ETF-Other	1.94%	+0.13%	+10.87%
27	GLIBK	Liberty Capital Corp-cl C	Stock-Other	1.66%	+1.13%	+233.22%
28	PCAR	Paccar INC	Stock-Industrials	1.53%	-0.02%	-0.14%
29	VSNT	Versant Media Group INC	Stock-Comm Services	1.46%	+1.46%	NEW
30	GRBK	Green Brick Partners INC	Stock-Other	1.28%	+1.28%	NEW
31	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	1.19%	+0.10%	+12.24%
32	CHTR	Charter Communications Inc-a	Stock-Comm Services	0.09%	-0.01%	-4.13%

Portfolio Performance

Performance for Q3 2026

+3.8%

Performance Last 4 Quarters

+25.7%

Based on 71% of reported portfolio value with available pricing

Stdev: +14%
Beta: +0.67
Alpha: +4.5%
Max Drawdown: -8.4%
Annualized Perf: +17.1%
Batting Avg vs S&P: +44.4%
Sortino: +2.27
Stutzer: +0.35
Treynor: +0.25
Sterling: +1.02
Calmar: +2.04
Information Ratio: -0.14
Tracking Error: +11.8%
Stdev Down: +7.4%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +31.2%
Worst 12 Months: +9.5%
Efficiency Ratio: +0.51
Sharpe: +1.2
Stdev Sectors: +13.3%
Skewness: -0.1
Kurtosis: -0.15
Upside Potential: +3.8

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	32	$318.2M	46	1BRK-A 2IDEV 3LBRDK Top holdings2026-03-31 1.BRK-A 2.IDEV 3.LBRDK 4.BRK-B 5.SIRI 6.RSP 7.IEMG 8.NE 9.CB 10.EXP
2025-12-31	37	$300.4M	23	1BRK-A 2IDEV 3BRK-B Top holdings2025-12-31 1.BRK-A 2.IDEV 3.BRK-B 4.RSP 5.LBTYA 6.IEMG 7.SIRI 8.LBRDK 9.CB 10.COP
2025-09-30	39	$316.8M	46	1BRK-A 2IDEV 3BRK-B Top holdings2025-09-30 1.BRK-A 2.IDEV 3.BRK-B 4.RSP 5.LBRDK 6.SIRI 7.IEMG 8.WBD 9.LBTYA 10.BN
2025-06-30	38	$282.4M	0	1BRK-A 2IDEV 3LBRDK Top holdings2025-06-30 1.BRK-A 2.IDEV 3.LBRDK 4.BN 5.BRK-B 6.SIRI 7.RSP 8.LBTYA 9.IEMG 10.COP
2025-03-31	39	$267.3M	100	1BRK-A 2IDEV 3BRK-B Top holdings2025-03-31 1.BRK-A 2.IDEV 3.BRK-B 4.LBRDK 5.SIRI 6.LBTYA 7.BN 8.COP 9.SNREN 10.BABA
2024-12-31	37	$228.5M	0	1BRK-A 2IDEV 3BN Top holdings2024-12-31 1.BRK-A 2.IDEV 3.BN 4.BRK-B 5.LBTYA 6.LBRDK 7.SIRI 8.COP 9.CMCSA 10.CB
2024-09-30	30	$203.6M	0	1BRK-A 2LBTYA 3BN Top holdings2024-09-30 1.BRK-A 2.LBTYA 3.BN 4.TMUS 5.BRK-B 6.LBRDK 7.SIRI 8.COP 9.CMCSA 10.CB
2024-06-30	33	$238.1M	0	1BRK-A 2JPM 3LBTYA Top holdings2024-06-30 1.BRK-A 2.JPM 3.LBTYA 4.BRK-B 5.LM0C 6.COP 7.PSX 8.TMUS 9.BN 10.AXP
2024-03-31	39	$281.8M	0	1BRK-A 2JPM 3BRK-B Top holdings2024-03-31 1.BRK-A 2.JPM 3.BRK-B 4.LM0C 5.LBTYA 6.PSX 7.COP 8.BN 9.TMUS 10.AXP
2023-12-31	38	$258.0M	0	1BRK-A 2LBTYA 3JPM Top holdings2023-12-31 1.BRK-A 2.LBTYA 3.JPM 4.BRK-B 5.COP 6.PSX 7.TMUS 8.BN 9.LM0C 10.LBRDA
2023-09-30	39	$271.4M	0	1BRK-A 2BRK-B 3LBTYA Top holdings2023-09-30 1.BRK-A 2.BRK-B 3.LBTYA 4.JPM 5.COP 6.PSX 7.LBRDA 8.TMUS 9.LM0C 10.BN
2023-06-30	38	$269.0M	0	1BRK-A 2BRK-B 3JPM Top holdings2023-06-30 1.BRK-A 2.BRK-B 3.JPM 4.LBTYA 5.COP 6.LSXMKUSD 7.VSAT 8.TSM 9.TMUS 10.BN
2023-03-31	40	$293.0M	0	1BRK-A 2BRK-B 3LBTYA Top holdings2023-03-31 1.BRK-A 2.BRK-B 3.LBTYA 4.JPM 5.COP 6.TMUS 7.LSXMKUSD 8.LBRDA 9.TSM 10.BN
2022-12-31	42	$324.1M	0	1BRK-A 2BRK-B 3LBTYA Top holdings2022-12-31 1.BRK-A 2.BRK-B 3.LBTYA 4.LSXMKUSD 5.COP 6.JPM 7.LMT 8.TMUS 9.LIMAF 10.PSX
2022-09-30	24	$248.1M	0	1BRK-A 2BRK-B 3LSXMKUSD Top holdings2022-09-30 1.BRK-A 2.BRK-B 3.LSXMKUSD 4.COP 5.LBTYA 6.JPM 7.TMUS 8.LMT 9.LBRDA 10.PSX
2022-06-30	23	$263.0M	0	1BRK-A 2LBTYA 3BRK-B Top holdings2022-06-30 1.BRK-A 2.LBTYA 3.BRK-B 4.LBRDA 5.LSXMKUSD 6.JPM 7.LMT 8.COP 9.TMUS 10.WBD
2022-03-31	25	$293.2M	0	1BRK-A 2BRK-B 3LBTYA Top holdings2022-03-31 1.BRK-A 2.BRK-B 3.LBTYA 4.JPM 5.LSXMKUSD 6.COP 7.DISCKUSD 8.LMT 9.TMUS 10.VSAT
2021-12-31	27	$271.4M	0	1LBTYA 2BRK-A 3BRK-B Top holdings2021-12-31 1.LBTYA 2.BRK-A 3.BRK-B 4.JPM 5.LSXMKUSD 6.DISCKUSD 7.LMT 8.TMUS 9.COP 10.VSAT
2021-09-30	27	$280.1M	0	1LBTYA 2BRK-A 3JPM Top holdings2021-09-30 1.LBTYA 2.BRK-A 3.JPM 4.BRK-B 5.LSXMKUSD 6.GM 7.LIMAF 8.DISCKUSD 9.LMT 10.COP
2021-06-30	26	$263.0M	97	1LBTYA 2BRK-A 3JPM Top holdings2021-06-30 1.LBTYA 2.BRK-A 3.JPM 4.BRK-B 5.LSXMKUSD 6.GM 7.SCHW 8.LMT 9.DISCKUSD 10.AXP
2021-03-31	27	$249.8M	41	1LBTYA 2BRK-A 3JPM Top holdings2021-03-31 1.LBTYA 2.BRK-A 3.JPM 4.BRK-B 5.GM 6.DISCKUSD 7.LSXMKUSD 8.SCHW 9.LMT 10.VSAT
2020-12-31	25	$180.2M	18	1BRK-A 2LBTYA 3DISCKUSD Top holdings2020-12-31 1.BRK-A 2.LBTYA 3.DISCKUSD 4.AXP 5.JPM 6.BRK-B 7.LSXMKUSD 8.GM 9.SCHW 10.LBRDA
2020-09-30	28	$183.0M	24	1BRK-B 2LBTYA 3BRK-A Top holdings2020-09-30 1.BRK-B 2.LBTYA 3.BRK-A 4.AXP 5.JPM 6.DISCKUSD 7.GM 8.SCHW 9.LBRDA 10.PNC
2020-06-30	27	$198.2M	37	1LBTYA 2BRK-B 3AXP Top holdings2020-06-30 1.LBTYA 2.BRK-B 3.AXP 4.BRK-A 5.JPM 6.DISCKUSD 7.LIMAF 8.GM 9.SCHW 10.COP
2020-03-31	29	$170.6M	53	1BRK-B 2AXP 3BRK-A Top holdings2020-03-31 1.BRK-B 2.AXP 3.BRK-A 4.JPM 5.LBTYA 6.DISCKUSD 7.GM 8.USB 9.WFC 10.PSX
2019-12-31	28	$244.2M	21	1AXP 2BRK-B 3JPM Top holdings2019-12-31 1.AXP 2.BRK-B 3.JPM 4.BRK-A 5.DISCKUSD 6.LBTYA 7.GM 8.LBRDA 9.USB 10.AAPL
2019-09-30	29	$224.2M	27	1AXP 2BRK-B 3BRK-A Top holdings2019-09-30 1.AXP 2.BRK-B 3.BRK-A 4.JPM 5.GM 6.LBTYA 7.USB 8.LBRDA 9.DHI 10.PHM
2019-06-30	28	$217.9M	14	1AXP 2BRK-B 3BRK-A Top holdings2019-06-30 1.AXP 2.BRK-B 3.BRK-A 4.JPM 5.GM 6.LBRDK 7.LBTYA 8.USB 9.CMCSA 10.C
2019-03-31	29	$208.7M	19	1AXP 2BRK-B 3BRK-A Top holdings2019-03-31 1.AXP 2.BRK-B 3.BRK-A 4.JPM 5.GM 6.LBRDK 7.LBTYA 8.USB 9.IBM 10.CMCSA
2018-12-31	31	$184.4M	0	1BRK-A 2BRK-B 3AXP Top holdings2018-12-31 1.BRK-A 2.BRK-B 3.AXP 4.GM 5.JPM 6.LBRDK 7.USB 8.WFC 9.CMCSA 10.IBM

Holding changes this quarter

Position changes disclosed by Hi-Line Capital Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NE	Noble Corporation plc	+2.6%	+136.48%	Add
2	LBRDK	Liberty Broadband-c	+1.9%	+58.64%	Add
3	IDEV	Ishares Core Msci Dev Mkts	+1.8%	+26.64%	Add
4	SIRI	Sirius Xm Holdings INC	+1.2%	+20.95%	Add
5	GLIBK	Liberty Capital Corp-cl C	+1.1%	+233.22%	Add
6	EXP	Eagle Materials INC	+0.9%	+59.90%	Add
7	CI	THE Cigna Group	+0.8%	+59.09%	Add
8	AER	AerCap Holdings N.V.	+0.8%	+51.10%	Add
9	MHK	Mohawk Industries INC	+0.5%	+61.20%	Add
10	IEMG	Ishares Core Msci Emerging	+0.3%	+11.20%	Add
11	DAC	Danaos Corporation	+0.2%	+0.11%	Add
12	RSP	Invesco S&p 500 Equal Weight	+0.2%	+10.63%	Add
13	IJH	Ishares Core S&p Midcap ETF	+0.1%	+10.87%	Add
14	IJR	Ishares Core S&p Small-cap E	+0.1%	+12.24%	Add
15	HCC	Warrior Met Coal INC	—	-0.12%	Trim
16	IVV	Ishares Core S&p 500 ETF	0%	+10.76%	Add
17	CHTR	Charter Communications Inc-a	0%	-4.13%	Trim
18	PCAR	Paccar INC	0%	-0.14%	Trim
19	CB	Chubb Limited	-0.1%	-0.14%	Trim
20	ADBE	Adobe INC	-0.1%	+48.97%	Add
21	UPS	United Parcel Service-cl B	-0.2%	-0.29%	Trim
22	JPM	Jpmorgan Chase & Co	-0.5%	-0.19%	Trim
23	AXP	American Express Co	-0.6%	-0.21%	Trim
24	BRK-B	Berkshire Hathaway Inc-cl B	-0.6%	-0.45%	Trim
25	CRH	CRH plc	-0.6%	-0.18%	Trim
26	MKL	Markel Group INC	-0.7%	-9.01%	Trim
27	BRK-A	Berkshire Hathaway Inc-cl A	-1.3%	—	Unchanged
28	LBTYA	Liberty Global Ltd.	—	EXIT	Sold out
29	COP	Conocophillips	—	EXIT	Sold out
30	CF	Cf Industries Holdings INC	—	NEW	New buy
31	CMCSA	Comcast Corp-class A	—	EXIT	Sold out
32	BRO	Brown & Brown INC	—	NEW	New buy
33	VSAT	Viasat INC	—	EXIT	Sold out
34	AMCR	Amcor plc	—	NEW	New buy
35	LMT	Lockheed Martin CORP	—	EXIT	Sold out
36	AMCR	Amcor plc	—	EXIT	Sold out
37	VSNT	Versant Media Group INC	—	NEW	New buy
38	GRBK	Green Brick Partners INC	—	NEW	New buy
39	ADM	Archer-daniels-midland Co	—	EXIT	Sold out
40	CNH	CNH Industrial N.V.	—	EXIT	Sold out
41	DINO	Hf Sinclair CORP	—	EXIT	Sold out
42	ARW	Arrow Electronics INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-04-27	13F-HR	View on EDGAR
2025-12-31	2026-02-06	13F-HR	View on EDGAR
2025-09-30	2025-11-06	13F-HR	View on EDGAR
2025-06-30	2025-08-05	13F-HR	View on EDGAR
2025-03-31	2025-04-23	13F-HR	View on EDGAR
2024-12-31	2025-02-04	13F-HR	View on EDGAR
2024-09-30	2024-10-28	13F-HR	View on EDGAR
2024-06-30	2024-07-31	13F-HR	View on EDGAR
2024-03-31	2024-04-18	13F-HR	View on EDGAR
2023-12-31	2024-02-06	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-01	13F-HR	View on EDGAR
2023-03-31	2023-04-21	13F-HR	View on EDGAR
2022-12-31	2023-01-31	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-11	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-13	Amendment	View on EDGAR
2019-12-31	2020-02-12	13F-HR	View on EDGAR
2019-09-30	2019-11-06	13F-HR	View on EDGAR
2019-06-30	2019-08-13	13F-HR	View on EDGAR
2019-03-31	2019-05-22	Amendment	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-05-22	Amendment	View on EDGAR
2018-12-31	2019-05-15	13F-HR	View on EDGAR