Hill City Capital, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Hill City Capital, LP maintained a portfolio of 24 distinct positions. The most significant new addition to the portfolio was BOEING CO, which now represents 4.25% of the total fund value. They heavily accumulated shares in FIRST SOLAR INC, increasing their position by 0.0%. Conversely, Hill City Capital, LP completely exited their position in SPIRIT AEROSYSTEMS H.
PCA Score Concentration Risk
Risk ENB
Total Positions
24
Quarter
2025 Q4
Top Holding
FSLR (20.6%)
Top 10 Concentration
82.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-24 of 24
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
FSLR
FIRST SOLAR INC
Technology 20.61% 19.49% #1
Prev: #1
6.5 390 0.0%
P
S
2,090,390 $546,072,580 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MTZ
MASTEC INC
Industrials 17.68% 19.39% #2
Prev: #2
6.5 no change no change
P
S
2,155,000 $468,432,350 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DY
DYCOM INDS INC
Industrials 12.88% 12.46% #3
Prev: #3
6.0 no change no change
P
S
1,009,784 $341,206,014 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRH
CRH PLC
Basic Materials 4.93% 5.30% #4
Prev: #4
3.5 no change no change
P
S
1,046,000 $130,540,800 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GVA
GRANITE CONSTR ...
Industrials 4.83% 5.15% #5
Prev: #5
3.4 no change no change
P
S
1,110,048 $128,044,037 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CX
CEMEX SAB DE CV
Basic Materials 4.69% 4.11% #6 2
Prev: #8
2.9 no change no change
P
S
10,802,750 $124,123,598 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ARRY
ARRAY TECHNOLOG...
Technology 4.49% 4.44% #7 1
Prev: #6
2.8 no change no change
P
S
12,891,300 $118,857,786 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BA
BOEING CO
Industrials 4.25% #8
Prev: #—
5.2 518,483 no change
NEW
518,483 $112,573,029 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
JAMES HARDIE IN...
Unknown 4.01% 3.43% #9 2
Prev: #11
4.1 901,700 21.4%
P
S
5,120,200 $106,244,150 13F Filing 2025-12-31 2026-02-14 (Est.)
CTRI
CENTURI HOLDING...
Utilities 3.84% 3.43% #10
Prev: #10
3.5 200,000 5.2%
P
S
4,030,000 $101,757,500 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IP
INTERNATIONAL P...
Consumer Cyclical 3.61% 3.98% #11 2
Prev: #9
3.4 400,000 19.7%
P
S
2,430,000 $95,717,700 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ENS
ENERSYS
Industrials 2.59% 2.23% #12 1
Prev: #13
2.0 no change no change
P
S
467,500 $68,605,625 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MMM
3M CO
Industrials 2.24% 2.43% #13 1
Prev: #12
1.9 no change no change
P
S
370,000 $59,237,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ATKR
ATKORE INC
Industrials 1.74% 1.93% #14
Prev: #14
1.7 no change no change
P
S
728,206 $46,059,030 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ATS
ATS CORP
Industrials 1.72% 1.83% #15
Prev: #15
1.7 no change no change
P
S
1,649,857 $45,437,062 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CNM
CORE & MAIN INC
Industrials 1.56% 1.77% #16
Prev: #16
1.1 21,500 2.8%
P
S
797,000 $41,420,090 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BLDR
BUILDERS FIRSTS...
Industrials 0.93% 1.23% #17
Prev: #17
1.4 no change no change
P
S
240,000 $24,693,600 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WMS
ADVANCED DRAIN ...
Industrials 0.87% 0.88% #18
Prev: #18
2.3 10,000 6.7%
P
S
160,000 $23,172,800 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TREX
TREX CO INC
Industrials 0.73% #19
Prev: #—
3.8 552,000 no change
NEW
552,000 $19,364,160 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TFII
TFI INTL INC
Industrials 0.57% 0.54% #20 1
Prev: #21
1.2 no change no change
P
S
145,000 $14,985,750 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WB
WATERBRIDGE INF...
Communication Services 0.53% 0.75% #21 2
Prev: #19
1.2 no change no change
P
S
700,000 $14,007,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SITE
SITEONE LANDSCA...
Industrials 0.47% 0.55% #22 2
Prev: #20
0.7 -1,050 -1.0%
P
S
99,200 $12,356,352 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SABR
SABRE CORP
Technology 0.24% 0.36% #23 1
Prev: #22
1.1 no change no change
P
S
4,667,000 $6,347,120 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SPR
SPIRIT AEROSYST...
Industrials 0.00% 4.33%
Sold All 😨
(Was: #7)
0.0 -2,652,093 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-24 of 24 holdings

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