Hill City Capital, LP

CIK

1837343

Location

BOSTON, MA

Portfolio Value

Mid $2,799,187,966

Diversification

Diversified

Filing Date

Global Rank

#979 / 8,623 ▲ 46 · as of Mar 2026

Top Industry

Engineering & Construction 41.7%

3Y Alpha vs SPY

-1.5%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

22 quarters · since Dec 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+58.9%

SPY

+65.3%

Annualised alpha

-1.5%

Max drawdown

−29.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 99% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

23 tracked 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 tracked positions · $2,799,187,966 total · filing declares 23 positions · $2,799,187,967 · 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%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.