UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
12-31-2019
Check here if Amendment: Amendment Number:
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Hi-Line Capital Management, LLC
Address:
25 1ST AVENUE, NW
WATERTOWN, SD 57201
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
KASEY J. CHAPIN
Title:
CHIEF COMPLIANCE OFFICER
Phone:
605-878-0897


Signature, Place, and Date of Signing:

KASEY J. CHAPIN
                         [Signature]
WATERTOWN, SOUTH DAKOTA
                 [City, State]
02-12-2020
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
28
Form 13F Information table Value Total:
244227
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ALASKA AIR GROUP INCCOM0116591095,40788,853SHSOLE88,853 0 0
AMERICAN EXPRESS COCOM02581610915,901166,814SHSOLE166,814 0 0
APPLE INCCOM0378331004,45228,225SHSOLE28,225 0 0
BED BATH BEYOND INCCOM07589610043138,094SHSOLE38,094 0 0
BERKSHIRE HATHAWAY INC DELCL A08467010832,36579,141SHSOLE79,141 0 0
CITIGROUP INC.COM NEW1729674245,637108,269SHSOLE108,269 0 0
INTERNATIONAL BUSINESS MACHSCOM4592001016,37556,073SHSOLE56,073 0 0
LIBERTY BROADBAND CORPCOM SER C5303073058,246114,489SHSOLE114,489 0 0
LIBERTY MEDIA CORP DELAWARECOM A SIRIUSXM5312296075,013135,520SHSOLE135,520 0 0
PULTEGROUP INCCOM7458671015,473210,515SHSOLE210,515 0 0
SOUTHWEST AIRL COCOM8447411085,110109,921SHSOLE109,921 0 0
TORCHMARK CORPCOM8910271045,57974,849SHSOLE74,849 0 0
US BANCORP DELCOM NEW9029733047,587166,049SHSOLE166,049 0 0
UNION PACIFIC CORPCOM9078181085,62240,680SHSOLE40,680 0 0
WELLS FARGO CO NEWCOM9497461016,985151,562SHSOLE151,562 0 0
AMERISOURCEBERGEN CORPCOM03073E1053,85151,769SHSOLE51,769 0 0
AUTONATION INCCOM05329W1023,837107,455SHSOLE107,455 0 0
AFFILIATED MANAGERS GROUP INCOM0082521082,28623,464SHSOLE23,464 0 0
COLONY CAP INC NEWCL A COM19626G1081,069228,581SHSOLE228,581 0 0
COMCAST CORP NEWCL A20030N1016,646195,180SHSOLE195,180 0 0
D R HORTON INC COMCOM23331A1095,319153,445SHSOLE153,445 0 0
DISCOVERY INCCOM SER C25470F3026,103264,513SHSOLE264,513 0 0
GENERAL MTRS COCOM37045V10010,719320,461SHSOLE320,461 0 0
JPMORGAN CHASE COCOM46625H10010,469107,262SHSOLE107,262 0 0
MCKESSON CORPCOM58155Q1031,90017,194SHSOLE17,194 0 0
MOLSON COORS BREWING COCL B60871R2094,95688,233SHSOLE88,233 0 0
REALOGY HLDGS CORPCOM75605Y1062,067140,742SHSOLE140,742 0 0
SPDR SP 500 ETF TRTR UNIT78462F10378322SHSOLE322 0 0
LIBERTY GLOBAL PLCSHS CL CG5480U1204,596222,615SHSOLE222,615 0 0