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:
03-31-2025
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:
028-19527

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:
Matthew Roby
Title:
Chief Compliance Officer
Phone:
(605) 878-0897


Signature, Place, and Date of Signing:

Matthew Roby
                         [Signature]
Watertown, SOUTH DAKOTA
                 [City, State]
04-23-2025
                           [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:
39
Form 13F Information table Value Total:
267334696
          (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
ALIBABA GROUP HLDG LTDSPONSORED ADS01609W1029,658,34473,042SHSOLE73,042 0 0
ALPHA METALLURGICAL RESOUR ICOM0207641061,446,76311,551SHSOLE11,551 0 0
AMERICAN EXPRESS COCOM0258161095,192,93419,301SHSOLE19,301 0 0
ARCHER DANIELS MIDLAND COCOM0394831022,240,14746,660SHSOLE46,660 0 0
ARROW ELECTRS INCCOM042735100579,1645,578SHSOLE5,578 0 0
BERKSHIRE HATHAWAY INC DELCL A08467010839,123,63849SHSOLE49 0 0
BERKSHIRE HATHAWAY INC DELCL B NEW08467070214,061,17726,402SHSOLE26,402 0 0
BROOKFIELD CORPCL A LTD VT SH11271J10711,292,783215,470SHSOLE215,470 0 0
CABLE ONE INCCOM12685J105364,9021,373SHSOLE1,373 0 0
CHUBB LIMITEDCOMH1467J1048,875,57629,302SHSOLE29,302 0 0
CNH INDL N VSHSN209441092,804,580228,386SHSOLE228,386 0 0
COMCAST CORP NEWCL A20030N1018,991,165243,663SHSOLE243,663 0 0
CONOCOPHILLIPSCOM20825C10410,587,801100,817SHSOLE100,817 0 0
CORE NATURAL RESOURCES INCCOM SHS2189371002,152,09227,913SHSOLE27,913 0 0
CRH PLCORDG255081056,270,01870,976SHSOLE70,976 0 0
WARNER BROS DISCOVERY INCCOM SER A9344231046,410,939597,478SHSOLE597,478 0 0
EAGLE MATLS INCCOM26969P1084,770,20521,470SHSOLE21,470 0 0
EVEREST GROUP LTDCOMG3223R1083,844,03110,580SHSOLE10,580 0 0
HF SINCLAIR CORPCOM403949100521,60815,864SHSOLE15,864 0 0
INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT46137V3577,944,32845,860SHSOLE45,860 0 0
ISHARES TRCORE MSCI INTL46435G32615,627,283226,844SHSOLE226,844 0 0
ISHARES INCCORE MSCI EMKT46434G1036,662,597123,450SHSOLE123,450 0 0
ISHARES TRCORE S&P500 ETF4642872003,881,0436,907SHSOLE6,907 0 0
ISHARES TRCORE S&P MCP ETF4642875075,417,85692,851SHSOLE92,851 0 0
ISHARES TRCORE S&P SCP ETF4642878043,853,30036,849SHSOLE36,849 0 0
ISHARES TREAFE SML CP ETF4642882732,206,90534,738SHSOLE34,738 0 0
JPMORGAN CHASE & CO.COM46625H1006,998,65428,531SHSOLE28,531 0 0
LIBERTY BROADBAND CORPCOM SER C53030730514,060,381165,319SHSOLE165,319 0 0
LIBERTY GLOBAL LTDCOM CL AG6118810111,527,7371,001,541SHSOLE1,001,541 0 0
LOCKHEED MARTIN CORPCOM5398301095,880,93713,165SHSOLE13,165 0 0
LOEWS CORPCOM5404241082,711,16129,498SHSOLE29,498 0 0
MARKEL GROUP INCCOM570535104998,372534SHSOLE534 0 0
OCCIDENTAL PETE CORPCOM6745991053,159,71863,704SHSOLE63,704 0 0
PNC FINL SVCS GROUP INCCOM693475105795,1834,524SHSOLE4,524 0 0
SIRIUSXM HOLDINGS INCCOMMON STOCK82993310011,801,857523,480SHSOLE523,480 0 0
SUNRISE COMMUNICATIONS AGADS CL A8679751049,669,107200,230SHSOLE200,230 0 0
T-MOBILE US INCCOM8725901047,260,11327,221SHSOLE27,221 0 0
UNITED PARCEL SERVICE INCCL B9113121064,906,10444,605SHSOLE44,605 0 0
VIASAT INCCOM92552V1002,784,193267,197SHSOLE267,197 0 0