Hi-Line Capital Management, LLC Long-Term Concentrated

CIK: 0001776074 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 6, 2026

Total Value ($000): $300,443 (100.0% shares, 0.0% debt)

Holdings (37)

New Positions (3)

ADBE ADOBE INC 2.6%

Value ($000) $7,779 Shares 22,226 Est. Cost $340.09 Unrealized 0.0%

NE NOBLE CORP PLC 0.9%

Value ($000) $2,718 Shares 96,240 Est. Cost $29.24 Unrealized 0.0%

CHTR CHARTER COMMUNICATIONS INC N 0.1%

Value ($000) $298 Shares 1,428 Est. Cost $224.96 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADBE	ADOBE INC	22,226	$7,779	2.6%	$340.09	0.0%	COM	00724F101
NE	NOBLE CORP PLC	96,240	$2,718	0.9%	$29.24	0.0%	ORD SHS A	G65431127
CHTR	CHARTER COMMUNICATIONS INC N	1,428	$298	0.1%	$224.96	0.0%	CL A	16119P108

Increased Positions (23)

LBRDK LIBERTY BROADBAND CORP 3.4%

Value ($000) $10,307 (-21.7%) Shares 212,076 (+2.3%) Est. Cost $67.35 Unrealized -22.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 5.7%

Value ($000) $17,152 (+19.4%) Shares 34,124 (+19.4%) Est. Cost $308.46 Unrealized +61.3%

HCC WARRIOR MET COAL INC 2.3%

Value ($000) $6,982 (+47.2%) Shares 79,185 (+6.2%) Est. Cost $48.39 Unrealized +55.4%

CB CHUBB LIMITED 3.3%

Value ($000) $10,028 (+17.2%) Shares 32,034 (+6.0%) Est. Cost $206.80 Unrealized +41.4%

SIRI SIRIUSXM HOLDINGS INC 3.7%

Value ($000) $11,038 (-11.5%) Shares 552,047 (+3.0%) Est. Cost $29.42 Unrealized -26.9%

UPS UNITED PARCEL SERVICE INC 2.2%

Value ($000) $6,634 (+26.2%) Shares 66,882 (+6.2%) Est. Cost $111.41 Unrealized -16.8%

AER AERCAP HOLDINGS NV 2.1%

Value ($000) $6,355 (+26.0%) Shares 44,205 (+6.1%) Est. Cost $110.94 Unrealized +19.4%

AXP AMERICAN EXPRESS CO 2.6%

Value ($000) $7,756 (+18.0%) Shares 20,965 (+6.0%) Est. Cost $125.46 Unrealized +184.5%

CRH CRH PLC 3.2%

Value ($000) $9,596 (+10.6%) Shares 76,894 (+6.2%) Est. Cost $85.77 Unrealized +38.9%

JPM JPMORGAN CHASE & CO. 3.3%

Value ($000) $9,892 (+8.4%) Shares 30,698 (+6.1%) Est. Cost $114.77 Unrealized +169.7%

PCAR PACCAR INC 1.6%

Value ($000) $4,664 (+19.3%) Shares 42,073 (+5.8%) Est. Cost $91.21 Unrealized +11.0%

DAC DANAOS CORPORATION 1.9%

Value ($000) $5,668 (+10.5%) Shares 60,179 (+5.3%) Est. Cost $87.10 Unrealized +5.8%

GLIBK GCI LIBERTY INC 0.5%

Value ($000) $1,580 (+46.1%) Shares 42,471 (+46.3%) Est. Cost $35.22 Unrealized -0.4%

MHK MOHAWK INDS INC 1.4%

Value ($000) $4,350 (-9.8%) Shares 39,802 (+6.4%) Est. Cost $105.36 Unrealized +9.0%

COP CONOCOPHILLIPS 3.3%

Value ($000) $9,979 (+4.6%) Shares 106,600 (+5.7%) Est. Cost $46.65 Unrealized +93.0%

EXP EAGLE MATLS INC 2.3%

Value ($000) $6,772 (-5.7%) Shares 32,728 (+6.3%) Est. Cost $229.38 Unrealized -3.9%

— AMCOR PLC 1.8%

Value ($000) $5,267 (+8.2%) Shares 631,578 (+6.2%) Est. Cost $8.92 Unrealized -7.5%

CNH CNH INDL N V 0.8%

Value ($000) $2,292 (-9.7%) Shares 248,611 (+6.3%) Est. Cost $11.15 Unrealized -10.4%

LMT LOCKHEED MARTIN CORP 2.3%

Value ($000) $6,810 (+2.6%) Shares 14,080 (+5.9%) Est. Cost $318.87 Unrealized +49.3%

CI THE CIGNA GROUP 1.8%

Value ($000) $5,353 (+1.3%) Shares 19,450 (+6.1%) Est. Cost $292.40 Unrealized -4.5%

ADM ARCHER DANIELS MIDLAND CO 1.0%

Value ($000) $2,912 (+2.1%) Shares 50,646 (+6.1%) Est. Cost $52.28 Unrealized +13.8%

LBTYA LIBERTY GLOBAL LTD 3.8%

Value ($000) $11,534 (+0.2%) Shares 1,035,340 (+3.1%) Est. Cost $9.01 Unrealized +22.8%

CMCSA COMCAST CORP NEW 2.6%

Value ($000) $7,816 (+0.3%) Shares 261,485 (+5.4%) Est. Cost $36.95 Unrealized -22.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LBRDK	LIBERTY BROADBAND CORP	212,076 (+2.3%)	$10,307 (-21.7%)	3.4%	$67.35	-22.8%	COM SER C	530307305
BRK/B	BERKSHIRE HATHAWAY INC DEL	34,124 (+19.4%)	$17,152 (+19.4%)	5.7%	$308.46	+61.3%	CL B NEW	084670702
HCC	WARRIOR MET COAL INC	79,185 (+6.2%)	$6,982 (+47.2%)	2.3%	$48.39	+55.4%	COM	93627C101
CB	CHUBB LIMITED	32,034 (+6.0%)	$10,028 (+17.2%)	3.3%	$206.80	+41.4%	COM	H1467J104
SIRI	SIRIUSXM HOLDINGS INC	552,047 (+3.0%)	$11,038 (-11.5%)	3.7%	$29.42	-26.9%	COMMON STOCK	829933100
UPS	UNITED PARCEL SERVICE INC	66,882 (+6.2%)	$6,634 (+26.2%)	2.2%	$111.41	-16.8%	CL B	911312106
AER	AERCAP HOLDINGS NV	44,205 (+6.1%)	$6,355 (+26.0%)	2.1%	$110.94	+19.4%	SHS	N00985106
AXP	AMERICAN EXPRESS CO	20,965 (+6.0%)	$7,756 (+18.0%)	2.6%	$125.46	+184.5%	COM	025816109
CRH	CRH PLC	76,894 (+6.2%)	$9,596 (+10.6%)	3.2%	$85.77	+38.9%	ORD	G25508105
JPM	JPMORGAN CHASE & CO.	30,698 (+6.1%)	$9,892 (+8.4%)	3.3%	$114.77	+169.7%	COM	46625H100
PCAR	PACCAR INC	42,073 (+5.8%)	$4,664 (+19.3%)	1.6%	$91.21	+11.0%	COM	693718108
DAC	DANAOS CORPORATION	60,179 (+5.3%)	$5,668 (+10.5%)	1.9%	$87.10	+5.8%	SHS	Y1968P121
GLIBK	GCI LIBERTY INC	42,471 (+46.3%)	$1,580 (+46.1%)	0.5%	$35.22	-0.4%	COM SER C	36164V800
MHK	MOHAWK INDS INC	39,802 (+6.4%)	$4,350 (-9.8%)	1.4%	$105.36	+9.0%	COM	608190104
COP	CONOCOPHILLIPS	106,600 (+5.7%)	$9,979 (+4.6%)	3.3%	$46.65	+93.0%	COM	20825C104
EXP	EAGLE MATLS INC	32,728 (+6.3%)	$6,772 (-5.7%)	2.3%	$229.38	-3.9%	COM	26969P108
—	AMCOR PLC	631,578 (+6.2%)	$5,267 (+8.2%)	1.8%	$8.92	-7.5%	ORD	G0250X107
CNH	CNH INDL N V	248,611 (+6.3%)	$2,292 (-9.7%)	0.8%	$11.15	-10.4%	SHS	N20944109
LMT	LOCKHEED MARTIN CORP	14,080 (+5.9%)	$6,810 (+2.6%)	2.3%	$318.87	+49.3%	COM	539830109
CI	THE CIGNA GROUP	19,450 (+6.1%)	$5,353 (+1.3%)	1.8%	$292.40	-4.5%	COM	125523100
ADM	ARCHER DANIELS MIDLAND CO	50,646 (+6.1%)	$2,912 (+2.1%)	1.0%	$52.28	+13.8%	COM	039483102
LBTYA	LIBERTY GLOBAL LTD	1,035,340 (+3.1%)	$11,534 (+0.2%)	3.8%	$9.01	+22.8%	COM CL A	G61188101
CMCSA	COMCAST CORP NEW	261,485 (+5.4%)	$7,816 (+0.3%)	2.6%	$36.95	-22.8%	CL A	20030N101

Exited Positions (5)

WBD WARNER BROS DISCOVERY INC 4.0%

Value ($000) $11,945 Shares 611,598 Est. Cost $17.22 Unrealized +35.7%

BN BROOKFIELD CORP 3.4%

Value ($000) $10,092 Shares 147,158 Est. Cost $22.34 Unrealized +103.9%

OXY OCCIDENTAL PETE CORP 1.0%

Value ($000) $2,990 Shares 62,971 Est. Cost $58.91 Unrealized -29.5%

SCZ ISHARES TR 0.9%

Value ($000) $2,665 Shares 34,738 Est. Cost $60.75 Unrealized —

CABO CABLE ONE INC 0.1%

Value ($000) $243 Shares 1,373 Est. Cost $150.25 Unrealized -9.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	611,598	$11,945	4.0%	$17.22	+35.7%	—	934423104
BN	BROOKFIELD CORP	147,158	$10,092	3.4%	$22.34	+103.9%	—	11271J107
OXY	OCCIDENTAL PETE CORP	62,971	$2,990	1.0%	$58.91	-29.5%	—	674599105
SCZ	ISHARES TR	34,738	$2,665	0.9%	$60.75	—	—	464288273
CABO	CABLE ONE INC	1,373	$243	0.1%	$150.25	-9.2%	—	12685J105

Decreased Positions (9)

IJH ISHARES TR 1.8%

Value ($000) $5,435 (-32.6%) Shares 82,349 (-33.4%) Est. Cost $62.40 Unrealized —

IJR ISHARES TR 1.1%

Value ($000) $3,272 (-41.0%) Shares 27,223 (-41.7%) Est. Cost $114.41 Unrealized —

IDEV ISHARES TR 8.6%

Value ($000) $25,765 (-6.5%) Shares 312,376 (-9.1%) Est. Cost $69.41 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 4.0%

Value ($000) $12,112 (-8.4%) Shares 63,230 (-9.2%) Est. Cost $178.59 Unrealized —

IEMG ISHARES INC 3.8%

Value ($000) $11,509 (-6.7%) Shares 171,217 (-8.5%) Est. Cost $55.96 Unrealized —

IVV ISHARES TR 2.1%

Value ($000) $6,386 (-7.8%) Shares 9,324 (-9.9%) Est. Cost $605.24 Unrealized —

DINO HF SINCLAIR CORP 0.2%

Value ($000) $488 (-41.2%) Shares 10,587 (-33.3%) Est. Cost $33.61 Unrealized +52.6%

ARW ARROW ELECTRS INC 0.1%

Value ($000) $410 (-39.2%) Shares 3,722 (-33.3%) Est. Cost $103.95 Unrealized +9.3%

VSAT VIASAT INC 2.4%

Value ($000) $7,273 (-0.9%) Shares 211,050 (-15.7%) Est. Cost $33.16 Unrealized +6.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IJH	ISHARES TR	82,349 (-33.4%)	$5,435 (-32.6%)	1.8%	$62.40	—	CORE S&P MCP ETF	464287507
IJR	ISHARES TR	27,223 (-41.7%)	$3,272 (-41.0%)	1.1%	$114.41	—	CORE S&P SCP ETF	464287804
IDEV	ISHARES TR	312,376 (-9.1%)	$25,765 (-6.5%)	8.6%	$69.41	—	CORE MSCI INTL	46435G326
RSP	INVESCO EXCHANGE TRADED FD T	63,230 (-9.2%)	$12,112 (-8.4%)	4.0%	$178.59	—	S&P500 EQL WGT	46137V357
IEMG	ISHARES INC	171,217 (-8.5%)	$11,509 (-6.7%)	3.8%	$55.96	—	CORE MSCI EMKT	46434G103
IVV	ISHARES TR	9,324 (-9.9%)	$6,386 (-7.8%)	2.1%	$605.24	—	CORE S&P500 ETF	464287200
DINO	HF SINCLAIR CORP	10,587 (-33.3%)	$488 (-41.2%)	0.2%	$33.61	+52.6%	COM	403949100
ARW	ARROW ELECTRS INC	3,722 (-33.3%)	$410 (-39.2%)	0.1%	$103.95	+9.3%	COM	042735100
VSAT	VIASAT INC	211,050 (-15.7%)	$7,273 (-0.9%)	2.4%	$33.16	+6.5%	COM	92552V100

Unchanged Positions (2)

MKL MARKEL GROUP INC 2.8%

Value ($000) $8,521 Shares 3,964 Est. Cost $1833.57 Unrealized +10.5%

BRK/A BERKSHIRE HATHAWAY INC DEL 12.6%

Value ($000) $37,740 Shares 50 Est. Cost $371309.84 Unrealized +101.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MKL	MARKEL GROUP INC	3,964	$8,521	2.8%	$1833.57	+10.5%	COM	570535104
BRK/A	BERKSHIRE HATHAWAY INC DEL	50	$37,740	12.6%	$371309.84	+101.0%	CL A	084670108