Hill City Capital, LP

CIK

1837343

Location

BOSTON, MA

Portfolio Value

Mid $2,799,187,966

Diversification

Diversified

Filing Date

Global Rank

#790 / 8,232 ▲ 104

Top Industry

Engineering & Construction 41.7%

3Y Alpha vs SPY

+4.3%

Period ended 2 months ago

Filed May 15, 2026 · 30d

22 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+96.0%

SPY

+76.3%

Annualised alpha

+4.3%

Max drawdown

−29.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

23 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

24.8%

+4.2 pts

Top 5

62.4%

+1.5 pts

Top 10

82.8%

+0.6 pts

HHI

1,166

Diversified+88

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	55.2%	$1,545,407,701	12
Technology	22.0%	$616,653,839	4
Basic Materials	12.3%	$343,209,626	3
Consumer Cyclical	5.4%	$149,940,000	1
Utilities	4.5%	$125,223,800	2
Energy	0.7%	$18,753,000	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
IP	International Paper Co /New/	+1,770,000	4,200,000	$149,940,000
JHX	James Hardie Industries plc	+501,500	5,621,700	$106,474,998
WMS	Advanced Drainage Systems, Inc.	+210,000	370,000	$50,738,100
FSLR	First Solar, Inc.	+87,150	2,177,540	$429,541,540
CNM	Core & Main, Inc.	+70,600	867,600	$42,859,440
BA	Boeing Co	+33,000	551,483	$109,761,661
CRH	Crh Public Ltd Co	+30,400	1,076,400	$113,151,168
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
ENS	EnerSys	−277,500	190,000	$33,006,800
TREX	Trex Co Inc	−2,000	550,000	$20,031,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
STM	STMicroelectronics N.V.	2,300,000	$79,465,000
EQPT	EquipmentShare.com Inc	750,000	$15,277,500
WOLF	Wolfspeed, Inc.	885,000	$14,443,200
MWH	SOLV Energy, Inc.	250,000	$7,507,500
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
MMM	3M Co	370,000	$59,237,000
BLDR	Builders FirstSource, Inc.	240,000	$24,693,600
SITE	SiteOne Landscape Supply, Inc.	99,200	$12,356,352
SABR	Sabre Corp	4,667,000	$6,347,120
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

23 positions · $2,799,187,966 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Energy Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MTZ	Mastec Inc Industrials	Held	2,155,000	0	$693,349,700	+48.0%	24.77%
FSLR	First Solar, Inc. Technology	Added	2,177,540	+87,150	$429,541,540	−21.3%	15.35%
DY	Dycom Industries Inc Industrials	Held	1,009,784	0	$342,135,014	+0.3%	12.22%
IP	International Paper Co /New/ Consumer Cyclical	Added	4,200,000	+1,770,000	$149,940,000	+56.6%	5.36%
GVA	Granite Construction Inc Industrials	Held	1,110,048	0	$133,072,554	+3.9%	4.75%
CX	Cemex Sab De CV Basic Materials	Held	10,802,750	0	$123,583,460	−0.4%	4.41%
CTRI	Centuri Holdings, Inc. Utilities	Held	4,030,000	0	$117,716,300	+15.7%	4.21%
CRH	Crh Public Ltd Co Basic Materials	Added	1,076,400	+30,400	$113,151,168	−13.3%	4.04%
BA	Boeing Co Industrials	Added	551,483	+33,000	$109,761,661	−2.5%	3.92%
JHX	James Hardie Industries plc Basic Materials	Added	5,621,700	+501,500	$106,474,998	+0.2%	3.80%
ARRY	Array Technologies, Inc. Technology	Held	12,891,300	0	$93,204,099	−21.6%	3.33%
STM	STMicroelectronics N.V. Technology	NEW	2,300,000	NEW	$79,465,000	NEW	2.84%
WMS	Advanced Drainage Systems, Inc. Industrials	Added	370,000	+210,000	$50,738,100	+119.0%	1.81%
ATS	ATS Corp /ATS Industrials	Held	1,649,857	0	$46,525,967	+2.4%	1.66%
ATKR	Atkore Inc. Industrials	Held	728,206	0	$42,898,615	−6.9%	1.53%
CNM	Core & Main, Inc. Industrials	Added	867,600	+70,600	$42,859,440	+3.5%	1.53%
ENS	EnerSys Industrials	Reduced	190,000	-277,500	$33,006,800	−51.9%	1.18%
TREX	Trex Co Inc Industrials	Reduced	550,000	-2,000	$20,031,000	+3.4%	0.72%
WBI	WaterBridge Infrastructure LLC Energy	Held	700,000	0	$18,753,000	+33.9%	0.67%
TFII	TFI International Inc. Industrials	Held	145,000	0	$15,751,350	+5.1%	0.56%
EQPT	EquipmentShare.com Inc Industrials	NEW	750,000	NEW	$15,277,500	NEW	0.55%
WOLF	Wolfspeed, Inc. Technology	NEW	885,000	NEW	$14,443,200	NEW	0.52%
MWH	SOLV Energy, Inc. Utilities	NEW	250,000	NEW	$7,507,500	NEW	0.27%