Hill City Capital, LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Hill City Capital, LP reported 22 stock positions worth $1.5 billion. Its top holding was Mastec (MTZ) at 17.3% of the portfolio, followed by Spirit Aerosystems Hold Class A (SPR, 12.8%) and Dycom Industries (DY, 8.8%). Compared with Q2 2024, it sold out of 2, added to 5 and reduced 2. The biggest buy was International Paper (IP, shares +288%) and the biggest sale Spirit Aerosystems Hold Class A (SPR, shares −6%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001837343
Portfolio Value
$1.5B (Q3 2024)
SEC Filing
0001837343-24-000007 ↗ filed Nov 14, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B $1.5B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.3B Q1 2025 Q2 2025: $1.9B Q2 2025 Q3 2025: $2.4B Q3 2025 Q4 2025: $2.6B Q4 2025 Q1 2026: $2.8B Q1 2026 Q2 2026: $4.3B Q2 2026

Holdings 22 stocks · $1.5B
MTZ Mastec Inc. 17.32% 2,130,000 $262.2M No change
SPR Spirit Aerosystems Hold Class A 12.83% 5,975,000 $194.2M Reduce -6.3%
DY Dycom Industries Inc. 8.85% 679,784 $134.0M Add +2.3%
FSLR First Solar Inc. 7.58% 460,000 $114.7M No change
CRH CRH PLC 6.72% 1,097,000 $101.7M No change
ARRY Array Technologies Inc. 6.22% 14,265,335 $94.2M Add +7.1%
GVA Granite Construction Inc. 5.13% 978,938 $77.6M Add +5.2%
TGI Triumph Group Inc. 5.07% 5,951,437 $76.7M No change
IP International Paper Co. 5.00% 1,550,000 $75.7M Add +287.5%
ENS Enersys 4.43% 657,500 $67.1M No change
BLDR Builders Firstsource Inc. 3.84% 300,000 $58.2M No change
MMM 3M Co. 3.34% 370,000 $50.6M Add +146.7%
LB Landbridge Co. LLC-A 2.58% 1,000,000 $39.1M No change
ATKR Atkore Inc. 2.58% 460,909 $39.1M No change
CNM Core & Main Inc. Class A 2.27% 774,200 $34.4M No change
SABR Sabre Corp. 1.85% 7,617,000 $28.0M Reduce -3.8%
TFII Tfi International Inc. 1.31% 145,000 $19.8M No change
WEX Wex Inc. 1.18% 85,000 $17.8M No change
XPO Xpo Inc. 0.71% 100,000 $10.8M No change
ROG Rogers Corp. 0.60% 80,000 $9.0M No change
JBI Janus International Group Inc. 0.54% 812,721 $8.2M No change
LOAR Loar Holdings Inc. 0.07% 15,000 $1.1M No change

Portfolio Sells Q2 2024 → Q3 2024
SPR Spirit Aerosystems Hold Class A Reduce -6.3% 12.83% −2.23
RH RH Sold out 0.00% −1.06
ULS Ul Solutions Inc. Class A Sold out 0.00% −0.09
SABR Sabre Corp. Reduce -3.8% 1.85% +0.33

Portfolio Buys Q2 2024 → Q3 2024
IP International Paper Co. Add +287.5% 5.00% +3.76
MMM 3M Co. Add +146.7% 3.34% +2.24
GVA Granite Construction Inc. Add +5.2% 5.13% +0.98
DY Dycom Industries Inc. Add +2.3% 8.85% +0.79
ARRY Array Technologies Inc. Add +7.1% 6.22% −3.60

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 28$4.3BMTZ, FSLR, DY, DPC, STM
Q1 2026 23$2.8BMTZ, FSLR, DY, IP, GVA
Q4 2025 23$2.6BFSLR, MTZ, DY, CRH, GVA
Q3 2025 22$2.4BFSLR, MTZ, DY, CRH, GVA
Q2 2025 19$1.9BMTZ, FSLR, DY, SPR, GVA
Q1 2025 17$1.3BMTZ, SPR, FSLR, DY, CRH
Q4 2024 19$1.6BMTZ, SPR, FSLR, DY, TGI
Q3 2024 22$1.5BMTZ, SPR, DY, FSLR, CRH
Q2 2024 24$1.4BMTZ, SPR, ARRY, DY, FSLR
Q1 2024 22$1.4BSPR, MTZ, ARRY, CRH, DY