Hill City Capital, LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 17, 2026), Hill City Capital, LP reported 28 stock positions worth $4.3 billion. Its top holding was Mastec (MTZ) at 20.9% of the portfolio, followed by First Solar (FSLR, 14.5%) and Dycom Industries (DY, 11.9%). Compared with Q1 2026, it opened 6 new positions, sold out of 1, added to 10 and reduced 1. The biggest buy was a new position in DPC (DPC) and the biggest sale an exit from Equipmentshare.com Class A (EQPT).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001837343
- Portfolio Value
- $4.3B (Q2 2026)
- SEC Filing
- 0001837343-26-000007 ↗ filed Aug 17, 2026
Holdings Value
Holdings 28 stocks · $4.3B
| MTZ Mastec Inc. | 20.94% | 2,155,000 | $896.6M | No change |
| FSLR First Solar Inc. | 14.48% | 2,628,130 | $620.1M | Add +20.7% |
| DY Dycom Industries Inc. | 11.92% | 1,009,784 | $510.5M | No change |
| DPC DPC Holdings PLC | 8.81% | 7,693,605 | $377.4M | New |
| STM Stmicroelectronics NV-NY SHS | 5.42% | 3,100,000 | $232.2M | Add +34.8% |
| IP International Paper Co. | 4.54% | 5,100,000 | $194.3M | Add +21.4% |
| GVA Granite Construction Inc. | 4.10% | 1,110,248 | $175.5M | Add +0.0% |
| JHX James Hardie Ind PLC | 3.50% | 5,723,900 | $149.9M | Add +1.8% |
| BA The Boeing Co. | 3.14% | 621,583 | $134.6M | Add +12.7% |
| CX Cemex Sab-Spons ADR Part Cer | 3.03% | 10,802,750 | $129.6M | No change |
| CTRI Centuri Holdings Inc. | 2.85% | 4,030,000 | $121.9M | No change |
| CRH CRH PLC | 2.76% | 1,106,400 | $118.4M | Add +2.8% |
| ARRY Array Technologies Inc. | 2.23% | 12,891,300 | $95.5M | No change |
| WMS Advanced Drainage Systems Inc. | 1.76% | 480,000 | $75.3M | Add +29.7% |
| ATKR Atkore Inc. | 1.29% | 724,106 | $55.1M | Reduce -0.6% |
| LFUS Littelfuse Inc. | 1.28% | 120,000 | $54.6M | New |
| BWA Borgwarner Inc. | 1.24% | 802,170 | $53.3M | New |
| CNM Core & Main Inc. Class A | 1.16% | 1,028,650 | $49.6M | Add +18.6% |
| ATS Ats Corp. | 1.11% | 1,649,857 | $47.5M | No change |
| WOLF Wolfspeed Inc. | 1.05% | 935,000 | $45.1M | Add +5.7% |
| ENS Enersys | 1.04% | 190,000 | $44.4M | No change |
| TREX Trex Company Inc. filed as TREX INC | 0.64% | 550,000 | $27.5M | No change |
| WBI Waterbridge Infrastruc Class A | 0.56% | 700,000 | $24.0M | No change |
| TFII Tfi International Inc. | 0.49% | 145,000 | $20.8M | No change |
| GTX Garrett Motion Inc. | 0.42% | 500,000 | $18.1M | New |
| MWH Solv Energy Inc. Class A | 0.20% | 250,000 | $8.5M | No change |
| EROC Erock Inc. Class A | 0.04% | 110,000 | $1.6M | New |
| SITE Siteone Landscape Supply Inc. | 0.01% | 2,900 | $332K | New |
Portfolio Sells Q1 2026 → Q2 2026
Portfolio Buys Q1 2026 → Q2 2026
| DPC DPC Holdings PLC | New | 8.81% | +8.81 |
| STM Stmicroelectronics NV-NY SHS | Add +34.8% | 5.42% | +2.58 |
| LFUS Littelfuse Inc. | New | 1.28% | +1.28 |
| BWA Borgwarner Inc. | New | 1.24% | +1.24 |
| WOLF Wolfspeed Inc. | Add +5.7% | 1.05% | +0.54 |
| GTX Garrett Motion Inc. | New | 0.42% | +0.42 |
| EROC Erock Inc. Class A | New | 0.04% | +0.04 |
| SITE Siteone Landscape Supply Inc. | New | 0.01% | +0.01 |
| WMS Advanced Drainage Systems Inc. | Add +29.7% | 1.76% | −0.05 |
| JHX James Hardie Ind PLC | Add +1.8% | 3.50% | −0.30 |
| CNM Core & Main Inc. Class A | Add +18.6% | 1.16% | −0.37 |
| GVA Granite Construction Inc. | Add +0.0% | 4.10% | −0.66 |
| BA The Boeing Co. | Add +12.7% | 3.14% | −0.78 |
| IP International Paper Co. | Add +21.4% | 4.54% | −0.82 |
| FSLR First Solar Inc. | Add +20.7% | 14.48% | −0.86 |
| CRH CRH PLC | Add +2.8% | 2.76% | −1.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 28 | $4.3B | MTZ, FSLR, DY, DPC, STM |
| Q1 2026 | 23 | $2.8B | MTZ, FSLR, DY, IP, GVA |
| Q4 2025 | 23 | $2.6B | FSLR, MTZ, DY, CRH, GVA |
| Q3 2025 | 22 | $2.4B | FSLR, MTZ, DY, CRH, GVA |
| Q2 2025 | 19 | $1.9B | MTZ, FSLR, DY, SPR, GVA |
| Q1 2025 | 17 | $1.3B | MTZ, SPR, FSLR, DY, CRH |
| Q4 2024 | 19 | $1.6B | MTZ, SPR, FSLR, DY, TGI |
| Q3 2024 | 22 | $1.5B | MTZ, SPR, DY, FSLR, CRH |
| Q2 2024 | 24 | $1.4B | MTZ, SPR, ARRY, DY, FSLR |
| Q1 2024 | 22 | $1.4B | SPR, MTZ, ARRY, CRH, DY |