{"url":"https://nivawealth.com/firms/hi-line-capital-management-149522","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/149522","regulatoryAum":756593567,"crd":"149522","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5640014","suffix":null,"lastName":"ANDERSON","firstName":"MICHAEL","middleName":"EUGENE"},{"crd":"6119147","suffix":null,"lastName":"ROBY","firstName":"MATTHEW","middleName":"THOMAS"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-16","regulatoryAum":332290934,"clients":83,"employees":4,"offices":1},{"filedOn":"2022-04-26","regulatoryAum":491198498,"clients":100,"employees":5,"offices":1},{"filedOn":"2023-04-24","regulatoryAum":509829784,"clients":125,"employees":8,"offices":1},{"filedOn":"2024-07-02","regulatoryAum":631940945,"clients":190,"employees":7,"offices":1},{"filedOn":"2025-03-24","regulatoryAum":657780902,"clients":152,"employees":5,"offices":1},{"filedOn":"2026-04-21","regulatoryAum":756593567,"clients":128,"employees":5,"offices":1}],"secFileNumber":"801-87167","legalName":"Hi-Line Capital Management, LLC","displayName":"Hi-Line Capital Management","slug":"hi-line-capital-management-149522","website":"https://hi-linecapital.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/149522/b6e3137271d84508-r1.webp","tone":"light","width":1176,"height":200,"sourceUrl":"https://www.hi-linecapital.com/","sourceLabel":"Hi-line Capital Management, LLC, website"},"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/hi-line-capital-management-llc/","founded":null,"organization":"South Dakota limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1200 33rd Street Se, Suite #309","city":"Watertown","state":"SD","stateName":"South Dakota","country":"United States","postalCode":"57201"},"tradeNames":[],"registration":{"secApproved":"6 April 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":403599.5641025641,"staff":{"employees":5,"advisory":2,"brokerDealerReps":0,"insuranceAgents":1,"promoters":1},"aum":{"regulatory":756593567,"discretionary":726286099,"discretionaryAccounts":219,"nonDiscretionary":30307468,"nonDiscretionaryAccounts":6,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":84,"regulatoryAum":6083050},{"label":"High-net-worth individuals","clients":33,"regulatoryAum":41138099},{"label":"Charitable organizations","clients":11,"regulatoryAum":685055681},{"label":"Other investment advisers","clients":null,"fewerThan5":true,"regulatoryAum":22533066},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":1783671}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":724751348}],"custodyNote":"Hi-Line Capital Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Michael Anderson","title":"Member, President, and Chief Investment Officer","crd":"5640014"},{"name":"Matthew Roby","title":"Vice President, Chief Compliance Officer, General Counsel","crd":"6119147"}],"ownership":[{"label":"Michael Anderson","detail":"Member, president, and chief investment officer in the 75% or more ownership band and a control person, since March 2010."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"South Dakota","offices":1,"addresses":[{"street":"1200 33rd Street Se, Suite #309","city":"Watertown","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"605-878-0897","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":42},{"label":"U.S. government/agency bonds","percent":30},{"label":"Investment grade corporate bonds","percent":17},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"21 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/149522/PDF/149522.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Hi-Line Capital Management have?","answer":"Hi-Line Capital Management has 128 clients and manages $757 million for them, as of April 2026. They include 84 individual clients, 33 high-net-worth individuals and 11 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 21 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Hi-Line Capital Management offer?","answer":"Hi-Line Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Hi-Line Capital Management use?","answer":"Hi-Line Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $725M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Hi-Line Capital Management have?","answer":"Hi-Line Capital Management has 2 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Hi-Line Capital Management invest in?","answer":"At the end of its last fiscal year, Hi-Line Capital Management’s separately managed accounts held 42% exchange-traded equities, 30% U.S. government and agency bonds, 17% investment grade corporate bonds, 8% cash and equivalents and 3% pooled vehicles (private funds and similar).","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Hi-Line Capital Management?","answer":"Hi-Line Capital Management’s direct owner is Michael Anderson (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 21 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Hi-Line Capital Management get paid?","answer":"Hi-Line Capital Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Hi-Line Capital Management?","answer":"Hi-Line Capital Management’s main office is at 1200 33rd Street Se, Suite #309, Watertown, SD 57201. Its phone number is 605-878-0897. Its website is hi-linecapital.com.","source":"Form ADV Part 1A, Item 1.F, filed 21 April 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/hi-line-capital-management-149522/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-24","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1776074/000195175726001036/0001951757-26-001036-index.html","totalValue":355452624,"positionCount":32,"top10Share":0.5414557243499207,"top10":[{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL A","cusip":"084670108","value":37442500,"shares":50,"shareType":"SH","priorValue":35907000,"priorShares":50},{"issuer":"ISHARES TR","titleOfClass":"CORE MSCI INTL","cusip":"46435G326","value":37338538,"shares":419487,"shareType":"SH","priorValue":33058537,"priorShares":395579},{"issuer":"SIRIUSXM HOLDINGS INC","titleOfClass":"COMMON STOCK","cusip":"829933100","value":20018017,"shares":677658,"shareType":"SH","priorValue":15409985,"priorShares":667677},{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":17902453,"shares":35777,"shareType":"SH","priorValue":16278903,"priorShares":33971},{"issuer":"ISHARES INC","titleOfClass":"CORE MSCI EMKT","cusip":"46434G103","value":16870863,"shares":203656,"shareType":"SH","priorValue":13280051,"priorShares":190395},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P500 EQL WGT","cusip":"46137V357","value":15889451,"shares":74679,"shareType":"SH","priorValue":13424612,"priorShares":69949},{"issuer":"ADOBE INC","titleOfClass":"COM","cusip":"00724F101","value":12419292,"shares":60576,"shareType":"SH","priorValue":8048622,"priorShares":33111},{"issuer":"EAGLE MATLS INC","titleOfClass":"COM","cusip":"26969P108","value":11942753,"shares":53020,"shareType":"SH","priorValue":9922447,"priorShares":52332},{"issuer":"LIBERTY BROADBAND CORP","titleOfClass":"COM SER C","cusip":"530307305","value":11518503,"shares":346317,"shareType":"SH","priorValue":16923184,"priorShares":336445},{"issuer":"CHUBB LIMITED","titleOfClass":"COM","cusip":"H1467J104","value":11119488,"shares":32537,"shareType":"SH","priorValue":10457309,"priorShares":31988}],"positionsListed":32,"positions":[{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL A","cusip":"084670108","value":37442500,"shares":50,"shareType":"SH","priorValue":35907000,"priorShares":50},{"issuer":"ISHARES TR","titleOfClass":"CORE MSCI INTL","cusip":"46435G326","value":37338538,"shares":419487,"shareType":"SH","priorValue":33058537,"priorShares":395579},{"issuer":"SIRIUSXM HOLDINGS INC","titleOfClass":"COMMON STOCK","cusip":"829933100","value":20018017,"shares":677658,"shareType":"SH","priorValue":15409985,"priorShares":667677},{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":17902453,"shares":35777,"shareType":"SH","priorValue":16278903,"priorShares":33971},{"issuer":"ISHARES INC","titleOfClass":"CORE MSCI EMKT","cusip":"46434G103","value":16870863,"shares":203656,"shareType":"SH","priorValue":13280051,"priorShares":190395},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P500 EQL WGT","cusip":"46137V357","value":15889451,"shares":74679,"shareType":"SH","priorValue":13424612,"priorShares":69949},{"issuer":"ADOBE INC","titleOfClass":"COM","cusip":"00724F101","value":12419292,"shares":60576,"shareType":"SH","priorValue":8048622,"priorShares":33111},{"issuer":"EAGLE MATLS INC","titleOfClass":"COM","cusip":"26969P108","value":11942753,"shares":53020,"shareType":"SH","priorValue":9922447,"priorShares":52332},{"issuer":"LIBERTY BROADBAND CORP","titleOfClass":"COM SER C","cusip":"530307305","value":11518503,"shares":346317,"shareType":"SH","priorValue":16923184,"priorShares":336445},{"issuer":"CHUBB LIMITED","titleOfClass":"COM","cusip":"H1467J104","value":11119488,"shares":32537,"shareType":"SH","priorValue":10457309,"priorShares":31988},{"issuer":"BROWN & BROWN INC","titleOfClass":"COM","cusip":"115236101","value":10601044,"shares":165254,"shareType":"SH","priorValue":7384511,"priorShares":113242},{"issuer":"AERCAP HOLDINGS NV","titleOfClass":"SHS","cusip":"N00985106","value":9845398,"shares":67536,"shareType":"SH","priorValue":9162664,"priorShares":66793},{"issuer":"SUNCOR ENERGY INC NEW","titleOfClass":"COM","cusip":"867224107","value":9113790,"shares":169780,"shareType":"SH"},{"issuer":"JPMORGAN CHASE & CO","titleOfClass":"COM","cusip":"46625H100","value":8700431,"shares":26580,"shareType":"SH","priorValue":9013357,"priorShares":30641},{"issuer":"THE CIGNA GROUP","titleOfClass":"COM","cusip":"125523100","value":8688882,"shares":31518,"shareType":"SH","priorValue":8254045,"priorShares":30943},{"issuer":"NOBLE CORP PLC","titleOfClass":"ORD SHS A","cusip":"G65431127","value":8650318,"shares":231912,"shareType":"SH","priorValue":11167792,"priorShares":227589},{"issuer":"COMCAST CORP NEW","titleOfClass":"CL A","cusip":"20030N101","value":8574529,"shares":349268,"shareType":"SH"},{"issuer":"CRH PLC","titleOfClass":"ORD","cusip":"G25508105","value":8290681,"shares":77483,"shareType":"SH","priorValue":8099035,"priorShares":76756},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":8231799,"shares":10992,"shareType":"SH","priorValue":6745700,"priorShares":10327},{"issuer":"CF INDUSTRIES HOLD","titleOfClass":"COM","cusip":"125269100","value":8033109,"shares":74202,"shareType":"SH","priorValue":9432357,"priorShares":72646},{"issuer":"MOHAWK INDS INC","titleOfClass":"COM","cusip":"608190104","value":7924184,"shares":65311,"shareType":"SH","priorValue":6317095,"priorShares":64159},{"issuer":"UBER TECHNOLOGIES INC","titleOfClass":"COM","cusip":"90353T100","value":7580769,"shares":105055,"shareType":"SH"},{"issuer":"DANAOS CORPORATION","titleOfClass":"SHS","cusip":"Y1968P121","value":7521717,"shares":61467,"shareType":"SH","priorValue":6786335,"priorShares":60248},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P MCP ETF","cusip":"464287507","value":7480518,"shares":97011,"shareType":"SH","priorValue":6165557,"priorShares":91301},{"issuer":"KROGER CO","titleOfClass":"COM","cusip":"501044101","value":7273153,"shares":130977,"shareType":"SH"},{"issuer":"AMERICAN EXPRESS CO","titleOfClass":"COM","cusip":"025816109","value":7201342,"shares":21290,"shareType":"SH","priorValue":6327882,"priorShares":20920},{"issuer":"WARRIOR MET COAL INC","titleOfClass":"COM","cusip":"93627C101","value":6529809,"shares":80456,"shareType":"SH","priorValue":7367140,"priorShares":79089},{"issuer":"PACCAR INC","titleOfClass":"COM","cusip":"693718108","value":5142577,"shares":42812,"shareType":"SH","priorValue":4852617,"priorShares":42014},{"issuer":"GREEN BRICK PARTNERS INC","titleOfClass":"COM","cusip":"392709101","value":5104231,"shares":63771,"shareType":"SH","priorValue":4088321,"priorShares":63434},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P SCP ETF","cusip":"464287804","value":4831940,"shares":32580,"shareType":"SH","priorValue":3798416,"priorShares":30556},{"issuer":"VERSANT MEDIA GROUP INC","titleOfClass":"COM CL A","cusip":"925283103","value":4583929,"shares":127296,"shareType":"SH","priorValue":4635385,"priorShares":125213},{"issuer":"LIBERTY CAP CORP","titleOfClass":"SER C GCI GROUP","cusip":"36164V800","value":3086616,"shares":143164,"shareType":"SH","priorValue":5266071,"priorShares":141523}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}