# EDGAR Filing Document

**Accession Number:** 0001776074
**File Stem:** 0001951757-25-001130
**Filing Date:** 2025-8
**Character Count:** 14139
**Document Hash:** 0ac0c4aab7b5b0168a25945c71ef4d2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001951757-25-001130.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001951757-25-001130

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hi-Line Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001776074

**ORGANIZATION NAME:**
- **EIN:** 472953788
- **STATE OF INCORPORATION:** SD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19527
- **FILM NUMBER:** 251268033

**BUSINESS ADDRESS:**
- **STREET 1:** 25 1ST AVENUE, NW
- **CITY:** WATERTOWN
- **STATE:** SD
- **ZIP:** 57201
- **BUSINESS PHONE:** 6058780897

**MAIL ADDRESS:**
- **STREET 1:** 25 1ST AVENUE, NW
- **CITY:** WATERTOWN
- **STATE:** SD
- **ZIP:** 57201

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001776074

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Hi-Line Capital Management, LLC

**Address:** 25 1ST AVENUE, NW, WATERTOWN, SD 57201

**Telephone number:** (605) 878-0897

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-19527

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                   | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                     | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Alibaba Group                    | 01609W102 | 08/22/2024     | The 2024 Plan Equity Incentive Plan of the Company                                                   | SECTION 14A SAY-ON-PAY VOTES |          75752 |                0 | FOR         |                                    75752 | FOR                         |  |
| Marathon Oil                     | 565849106 | 08/29/2024     | Approving on an advisory basis compensation that may be paid to executive officers related to merger | SECTION 14A SAY-ON-PAY VOTES |          38297 |                0 | FOR         |                                    38297 | FOR                         |  |
| United Parcel Service            | 911312106 | 05/08/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          44105 |                0 | FOR         |                                    44105 | FOR                         |  |
| Core Natural Resources           | 218937100 | 04/29/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          27880 |                0 | FOR         |                                   278808 | FOR                         |  |
| American Express Company         | 025816109 | 04/29/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          20593 |                0 | FOR         |                                    20593 | FOR                         |  |
| The PNC Financial Services Group | 693475105 | 04/23/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |           4411 |                0 | FOR         |                                     4411 | FOR                         |  |
| Lockhead Martin Corporation      | 539830109 | 05/09/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          13020 |                0 | FOR         |                                    13020 | FOR                         |  |
| Lockhead Martin Corporation      | 539830110 | 05/09/2025     | Stockholder proposal requesting shareholder approval requirement for excessive golden parachutes     | SECTION 14A SAY-ON-PAY VOTES |          13020 |                0 | AGAINST     |                                    13020 | FOR                         |  |
| Occidental Petroleum Corporation | 674599105 | 05/02/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          63012 |                0 | FOR         |                                    63012 | FOR                         |  |
| Occidental Petroleum Corporation | 674599106 | 05/02/2025     | Approval of long-term incentive plan                                                                 | SECTION 14A SAY-ON-PAY VOTES |          63012 |                0 | FOR         |                                    63012 | FOR                         |  |
| CNH Industrial                   | N20944109 | 05/12/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |         225820 |                0 | FOR         |                                   225820 | FOR                         |  |
| CNH Industrial                   | N20944109 | 05/12/2025     | Approval of equity incentive plan                                                                    | SECTION 14A SAY-ON-PAY VOTES |         225820 |                0 | FOR         |                                   225820 | FOR                         |  |
| Archer-Daniels-Midland Company   | 039483102 | 05/08/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          46137 |                0 | FOR         |                                    46137 | FOR                         |  |
| CRH Public Limited Company       | G25508105 | 05/08/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          70180 |                0 | FOR         |                                    70180 | FOR                         |  |
| CRH Public Limited Company       | G25508105 | 05/08/2025     | Consideration of frequency of future say on pay votes                                                | SECTION 14A SAY-ON-PAY VOTES |          70180 |                0 | 1 YEAR      |                                    70180 | FOR                         |  |
| CRH Public Limited Company       | G25508105 | 05/08/2025     | Approval of equity incentive plan                                                                    | SECTION 14A SAY-ON-PAY VOTES |          70180 |                0 | FOR         |                                    70180 | FOR                         |  |
| Arrow Electronics                | 042735100 | 05/06/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |           5578 |                0 | FOR         |                                     5578 | FOR                         |  |
| Chubb Limited                    | H1467J104 | 05/15/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          28969 |                0 | FOR         |                                    28969 | FOR                         |  |
| Chubb Limited                    | H1467J104 | 05/15/2025     | Maximum compensation of executive management for 2026 calendar year                                  | SECTION 14A SAY-ON-PAY VOTES |          28969 |                0 | FOR         |                                    28969 | FOR                         |  |
| ConocoPhillips                   | 20825C104 | 05/13/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |         100397 |                0 | FOR         |                                   100397 | FOR                         |  |
| Alpha Metallurgical Resources    | 020764106 | 05/07/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          11422 |                0 | FOR         |                                    11422 | FOR                         |  |
| Alpha Metallurgical Resources    | 020764106 | 05/07/2025     | Consideration of frequency of future say on pay votes                                                | SECTION 14A SAY-ON-PAY VOTES |          11422 |                0 | 1 YEAR      |                                    11422 | FOR                         |  |
| Loews Corporation                | 540424108 | 05/13/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          29168 |                0 | FOR         |                                    29168 | FOR                         |  |
| Loews Corporation                | 540424108 | 05/13/2025     | Approve 2025 incentive compensation plan                                                             | SECTION 14A SAY-ON-PAY VOTES |          29168 |                0 | FOR         |                                    29168 | FOR                         |  |
| Sunrise Communications           | 867975104 | 05/13/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |         201687 |                0 | FOR         |                                   201687 | FOR                         |  |
| HF Sinclair                      | 403949100 | 05/14/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          15864 |                0 | FOR         |                                    15864 | FOR                         |  |
| Cable One                        | 12685J105 | 05/15/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |           1373 |                0 | FOR         |                                     1373 | FOR                         |  |
| Markel Group Inc                 | 570535104 | 05/21/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |            534 |                0 | FOR         |                                      534 | FOR                         |  |
| Sirius XM Holdings Inc.          | 829933100 | 05/28/2025     | Consideration of frequency of future say on pay votes                                                | SECTION 14A SAY-ON-PAY VOTES |         528802 |                0 | 1 YEAR      |                                   528802 | FOR                         |  |
| JPMorgan Chase  Co.              | 46625H100 | 05/20/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          28243 |                0 | FOR         |                                    28243 | FOR                         |  |
| Everest Group, Ltd.              | G3223R108 | 05/14/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |          10463 |                0 | FOR         |                                    10463 | FOR                         |  |
| Warner Bros. Discovery, Inc.     | 934423104 | 06/02/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |         622010 |                0 | FOR         |                                   622010 | FOR                         |  |
| Brookfield Corporation           | 11271J107 | 06/06/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |         213183 |                0 | FOR         |                                   213183 | FOR                         |  |
| Comcast Corporation              | 20030N101 | 06/18/2025     | Approve on an advisory basis named executive officer compensation                                    | SECTION 14A SAY-ON-PAY VOTES |         241102 |                0 | FOR         |                                   241102 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Hi-Line Capital Management, LLC

**By (Signature):** Matthew Roby

**By (Printed Signature):** Matthew Roby

**By (Title):** Chief Compliance Officer

**Date:** 08/28/2025