Hill City Capital portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · amendment (replaces the original) of Aug 17, 2026 ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Hill City Capital reported a $4.3 bn portfolio of 28 positions to the SEC as of the end of Q2 2026. Its largest positions are MTZ, FSLR, DY. During the quarter it opened Littelfuse and Borgwarner.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Hill City Capital has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
What changed this quarter
14 positions with a change (4 new, 9 added to, 1 sold); also, 2 entered through an IPO. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedDPC HoldingsDPC8.8% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- First Solar+21%more sharesIncreased15.3% → 14.5%
- STMicroelectronics+35%more sharesIncreased2.8% → 5.4%
- Littelfuse+1.3 ppof portfolioNew— → 1.3%
- Borgwarner+1.2 ppof portfolioNew— → 1.2%
- International Paper+21%more sharesIncreased5.4% → 4.5%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- MasTecMTZ20.9%
- First SolarFSLR14.5%
- Dycom IndustriesDY11.9%
- DPC HoldingsDPC8.8%
- STMicroelectronicsSTM5.4%
- International PaperIP4.5%
- Granite ConstructionGVA4.1%
- James Hardie IndustriesJHX3.5%
- BoeingBA3.1%
- Cemex SAB De CVCX3.0%
- Centuri HoldingsCTRI2.8%
- CRH publicCRH2.8%
- Array TechnologiesARRY2.2%
- Advanced Drainage SystemsWMS1.8%
- AtkoreATKR1.3%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 53%
- ● Materials 23%
- ● Information Technology 22%
- ● Consumer Discretionary 2%
- ● Energy 1%
How its portfolio changed (8 quarters)
Q2 2026: 28
Q2 2026: 80%
Q2 2026: 9.0%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q2 2026 ↗filed Aug 13, 2026Amendment of Aug 17, 2026 (replaces the original) ↗
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Apr 8, 2026 (high confidence).
The data, as reported: HILL CITY CAPITAL LP (CRD 306709): 7.B private funds: 1 hedge, 1 pe (gross assets $4.9 bn); 5.D assets by client type: pooled vehicles 100% (of $4.9 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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