Hi-Line Capital Management Factsheets
Intrinsic Value Equity Strategy Q2 2022 - The objective of the HLCM Intrinsic Value Strategy is to generate compound returns for investors. The strategy employs a fundamentally- driven process to identify 20-30 diversified equity positions which include attractively valued long- term and medium-term opportunities. Long-term opportunities are sought in “Great Businesses” purchased at reasonable prices, with a goal of holding them for . . .
Inflation Protected Strategy Q2 2022 - The Inflation Protected Strategy is designed to generate returns in excess of inflation by at least 1.0% and doing so with excellent credit characteristics. The strategy is suitable for investors seeking returns in excess of inflation with income producing securities and for diversification from equity-based strategies. The search criteria and selection process are prioritized by pursuing . . .
HLCM Strategy Spotlights
Strategy Spotlight: American Express - American Express has a differentiated business model that is "spend-centric" which focuses on generating revenue primarily by driving spend on cards and secondarily by finance charges and fees...
Strategy Spotlight: Liberty Broadband - Liberty Broadband is primarily comprised of the 52 million shares of Charter Communications it owns, which represent 26% ownership. Charter is a leading broadband connectivity and cable operator serving more than 31 million customers in 41 states via the Spectrum brand. Charter was assembled by the merging of three smaller cable companies in 2016 with pursuit of . . .
Strategy Spotlight: Berkshire Hathaway - Berkshire Hathaway is a holding company owning subsidiaries engaged in diverse business activities. The most important are the insurance businesses, rail transportation, and energy. Secondary in importance is the large collection of businesses in manufacturing, servicing and retailing. In total, Berkshire owns nearly 80 operating companies and employs . . .
Teaching Memo: Income Investing in a Rising Rate Environment - At Hi-Line Capital Management, our intrinsic-value philosophy and decision-making principles drive how we approach investing and provide guard rails for thinking during periods of extreme uncertainty and volatility. Our piece . . .
Analysis: Analysis is the most critical success factor in actively managing a portfolio. Our proprietary research helps us develop a differentiated view from the market consensus.
Insight: Knowledge and experience enable us to identify risk and return tradeoffs to make solid investment decisions. Contrarian thinking helps us challenge conventional beliefs.
Managed Risk: A “margin of safety” approach seeks to pay a price materially less than the estimated value. This emphasizes the ability to withstand adverse developments while leaving potential for moderate investment returns or only minor capital loss.