Hill City Capital, LP
BOSTON, MA
$4.3bn in 28 US stocks at the end of 30 June 2026. The top 10 are 79.9% of the money. It changed about 14.9% of the portfolio this quarter.
Value
$4.3bn
Stocks
28
Top 10 share
79.9%
Turnover
14.9%
What changed this quarter
New
Bought for the first time this quarter.
- DPC HoldingsDPC8.8% of the fund
- LittelfuseLFUS1.3% of the fund
- BorgwarnerBWA1.2% of the fund
- Garrett MotionGTX0.4% of the fund
- ERockEROC<0.1% of the fund
- SiteOne Landscape SupplySITE<0.1% of the fund
Added
Bought more of a stock they already held.
- First SolarFSLR14.5% of the fund+21%
- STMicroelectronicsSTM5.4% of the fund+35%
- International PaperIP4.5% of the fund+21%
- BoeingBA3.1% of the fund+13%
- CRH PublicCRH2.8% of the fund+3%
- Advanced Drainage SystemsWMS1.8% of the fund+30%
- Core & MainCNM1.2% of the fund+19%
- WolfspeedWOLF1.1% of the fund+6%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
Holdings
- DPC HoldingsDPC
- Share
- 8.8%
- Value
- $377m
- Shares
- 7,693,605
New
- ATS Corp /ATSATS
- Share
- 1.1%
- Value
- $47m
- Shares
- 1,649,857
Held
- TFI InternationalTFII
- Share
- 0.5%
- Value
- $21m
- Shares
- 145,000
Held
- ERockEROC
- Share
- <0.1%
- Value
- $2m
- Shares
- 110,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| MastecMTZ | 20.9% | $897m | 2,155,000 | Held |
| First SolarFSLR | 14.5% | $620m | 2,628,130 | +21% |
| Dycom IndustriesDY | 11.9% | $511m | 1,009,784 | Held |
| DPC HoldingsDPC | 8.8% | $377m | 7,693,605 | New |
| STMicroelectronicsSTM | 5.4% | $232m | 3,100,000 | +35% |
| International PaperIP | 4.5% | $194m | 5,100,000 | +21% |
| Granite ConstructionGVA | 4.1% | $176m | 1,110,248 | Held |
| James Hardie IndustriesJHX | 3.5% | $150m | 5,723,900 | Held |
| BoeingBA | 3.1% | $135m | 621,583 | +13% |
| Cemex SAB de CVCX | 3.0% | $130m | 10,802,750 | Held |
| Centuri HoldingsCTRI | 2.8% | $122m | 4,030,000 | Held |
| CRH PublicCRH | 2.8% | $118m | 1,106,400 | +3% |
| Array TechnologiesARRY | 2.2% | $96m | 12,891,300 | Held |
| Advanced Drainage SystemsWMS | 1.8% | $75m | 480,000 | +30% |
| AtkoreATKR | 1.3% | $55m | 724,106 | Held |
| LittelfuseLFUS | 1.3% | $55m | 120,000 | New |
| BorgwarnerBWA | 1.2% | $53m | 802,170 | New |
| Core & MainCNM | 1.2% | $50m | 1,028,650 | +19% |
| ATS Corp /ATSATS | 1.1% | $47m | 1,649,857 | Held |
| WolfspeedWOLF | 1.1% | $45m | 935,000 | +6% |
| EnerSysENS | 1.0% | $44m | 190,000 | Held |
| TrexTREX | 0.6% | $28m | 550,000 | Held |
| WaterBridge InfrastructureWBI | 0.6% | $24m | 700,000 | Held |
| TFI InternationalTFII | 0.5% | $21m | 145,000 | Held |
| Garrett MotionGTX | 0.4% | $18m | 500,000 | New |
| SOLV EnergyMWH | 0.2% | $9m | 250,000 | Held |
| ERockEROC | <0.1% | $2m | 110,000 | New |
| SiteOne Landscape SupplySITE | <0.1% | $331,789 | 2,900 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 130.5% since 30 June 2025.
Where the money is
Industrials46.5%
Technology25.8%
Materials22.6%
Utilities2.8%
Retail & consumer1.7%
Energy0.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.