Hill City Capital, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Hill City Capital, LP reported 19 stock positions worth $1.6 billion. Its top holding was Mastec (MTZ) at 18.6% of the portfolio, followed by Spirit Aerosystems Hold Class A (SPR, 13.0%) and First Solar (FSLR, 9.6%). Compared with Q3 2024, it sold out of 3, added to 3 and reduced 5. The biggest buy was First Solar (FSLR, shares +85%) and the biggest sale Enersys (ENS, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001837343
- Portfolio Value
- $1.6B (Q4 2024)
- SEC Filing
- 0001837343-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 19 stocks · $1.6B
| MTZ Mastec Inc. | 18.57% | 2,130,000 | $290.0M | No change |
| SPR Spirit Aerosystems Hold Class A | 13.04% | 5,975,000 | $203.6M | No change |
| FSLR First Solar Inc. | 9.60% | 850,000 | $149.8M | Add +84.8% |
| DY Dycom Industries Inc. | 9.47% | 849,784 | $147.9M | Add +25.0% |
| TGI Triumph Group Inc. | 7.11% | 5,951,437 | $111.1M | No change |
| CRH CRH PLC | 6.50% | 1,097,000 | $101.5M | No change |
| GVA Granite Construction Inc. | 5.89% | 1,048,938 | $92.0M | Add +7.2% |
| ARRY Array Technologies Inc. | 5.52% | 14,265,335 | $86.2M | No change |
| IP International Paper Co. | 5.34% | 1,550,000 | $83.4M | No change |
| MMM 3M Co. | 3.06% | 370,000 | $47.8M | No change |
| CNM Core & Main Inc. Class A | 2.52% | 774,200 | $39.4M | No change |
| ATKR Atkore Inc. | 2.46% | 460,908 | $38.5M | Reduce 0.0% |
| LB Landbridge Co. LLC-A | 2.46% | 595,000 | $38.4M | Reduce -40.5% |
| BLDR Builders Firstsource Inc. | 2.20% | 240,000 | $34.3M | Reduce -20.0% |
| ENS Enersys | 1.64% | 277,500 | $25.6M | Reduce -57.8% |
| SABR Sabre Corp. | 1.55% | 6,617,000 | $24.2M | Reduce -13.1% |
| TFII Tfi International Inc. | 1.25% | 145,000 | $19.6M | No change |
| WEX Wex Inc. | 0.95% | 85,000 | $14.9M | No change |
| XPO Xpo Inc. | 0.84% | 100,000 | $13.1M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| ENS Enersys | Reduce -57.8% | 1.64% | −2.79 |
| BLDR Builders Firstsource Inc. | Reduce -20.0% | 2.20% | −1.64 |
| ROG Rogers Corp. | Sold out | 0.00% | −0.60 |
| JBI Janus International Group Inc. | Sold out | 0.00% | −0.54 |
| SABR Sabre Corp. | Reduce -13.1% | 1.55% | −0.30 |
| LB Landbridge Co. LLC-A | Reduce -40.5% | 2.46% | −0.12 |
| ATKR Atkore Inc. | Reduce 0.0% | 2.46% | −0.12 |
| LOAR Loar Holdings Inc. | Sold out | 0.00% | −0.07 |
Portfolio Buys Q3 2024 → Q4 2024
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 |