Hill City Capital, LP — 13F Holdings & Portfolio
CIK 1837343 · latest 13F-HR filed 2026-05-15
Hill City Capital, LP manages $2.80B in 13F-reported U.S. long-equity assets across 23 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are MTZ (24.77%), FSLR (15.35%), DY (12.22%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 4 new positions, exited 4, added to 6, and trimmed 5.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$2.80B
Long-equity book
23
Distinct positions
2026-03-31
Filed 2026-05-15
+4 / −4 / ↑6 / ↓5
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- MASTEC INC$224.9M +48.0%
- INTERNATIONAL PAPER CO$54.2M +56.6%
- ADVANCED DRAIN SYS INC DEL$27.6M +119.0%
- CENTURI HOLDINGS INC$16.0M +15.7%
- WATERBRIDGE INFRASTRUCTURE L$4.7M +33.9%
Top Trims
- FIRST SOLAR INC-$116.5M -21.3%
- ENERSYS-$35.6M -51.9%
- ARRAY TECHNOLOGIES INC-$25.7M -21.6%
- CRH PLC-$17.4M -13.3%
- ATKORE INC-$3.2M -6.9%
New Positions
- STMICROELECTRONICS N V$79.5M
- EQUIPMENTSHARE COM INC$15.3M
- WOLFSPEED INC$14.4M
- SOLV ENERGY INC$7.5M
Exited Positions
- 3M CO$59.2M
- BUILDERS FIRSTSOURCE INC$24.7M
- SITEONE LANDSCAPE SUPPLY INC$12.4M
- SABRE CORP$6.3M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | MASTEC INC | MTZ | 576323109 | $693.3M | 24.77% | 2,155,000 | SH |
| 2 | FIRST SOLAR INC | FSLR | 336433107 | $429.5M | 15.35% | 2,177,540 | SH |
| 3 | DYCOM INDS INC | DY | 267475101 | $342.1M | 12.22% | 1,009,784 | SH |
| 4 | INTERNATIONAL PAPER CO | IP | 460146103 | $149.9M | 5.36% | 4,200,000 | SH |
| 5 | GRANITE CONSTR INC | GVA | 387328107 | $133.1M | 4.75% | 1,110,048 | SH |
| 6 | CEMEX SA EURO MTN BE 144A | CX | 151290889 | $123.6M | 4.41% | 10,802,750 | SH |
| 7 | CENTURI HOLDINGS INC | CTRI | 155923105 | $117.7M | 4.21% | 4,030,000 | SH |
| 8 | CRH PLC | CRH | G25508105 | $113.2M | 4.04% | 1,076,400 | SH |
| 9 | BOEING CO | BA | 097023105 | $109.8M | 3.92% | 551,483 | SH |
| 10 | JAMES HARDIE INDS PLC | JHX | G4253H101 | $106.5M | 3.80% | 5,621,700 | SH |
| 11 | ARRAY TECHNOLOGIES INC | ARRY | 04271T100 | $93.2M | 3.33% | 12,891,300 | SH |
| 12 | STMICROELECTRONICS N V | STM | 861012102 | $79.5M | 2.84% | 2,300,000 | SH |
| 13 | ADVANCED DRAIN SYS INC DEL | WMS | 00790R104 | $50.7M | 1.81% | 370,000 | SH |
| 14 | ATS CORP | ATS | 00217Y104 | $46.5M | 1.66% | 1,649,857 | SH |
| 15 | ATKORE INC | ATKR | 047649108 | $42.9M | 1.53% | 728,206 | SH |
| 16 | CORE & MAIN INC | CNM | 21874C102 | $42.9M | 1.53% | 867,600 | SH |
| 17 | ENERSYS | ENS | 29275Y102 | $33.0M | 1.18% | 190,000 | SH |
| 18 | TREX INC | TREX | 89531P105 | $20.0M | 0.72% | 550,000 | SH |
| 19 | WATERBRIDGE INFRASTRUCTURE L | WBI | 940923105 | $18.8M | 0.67% | 700,000 | SH |
| 20 | TFI INTL INC | TFII | 87241L109 | $15.8M | 0.56% | 145,000 | SH |
| 21 | EQUIPMENTSHARE COM INC | EQPT | 29445S100 | $15.3M | 0.55% | 750,000 | SH |
| 22 | WOLFSPEED INC | WOLF | 97785W106 | $14.4M | 0.52% | 885,000 | SH |
| 23 | SOLV ENERGY INC | MWH | 78475V103 | $7.5M | 0.27% | 250,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $2.80B | 23 | 0001837343-26-000004 |
| 2025-12-31 | 2026-02-13 | $2.65B | 23 | 0001837343-26-000002 |
| 2025-09-30 | 2025-11-13 | $2.36B | 22 | 0001837343-25-000009 |