HC
Hill City Capital, LP 13F Holdings Tracker (Q2 2026)
Hill City Capital, LPCIK: 0001837343
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$4.3B
Reporting period: 2026-06-30 · Number of holdings: 28
Hill City Capital, LP disclosed 28 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.3B and a quarterly turnover rate of 42.8%.
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Personality snowflake
- Concentration
- 40.02
- Portfolio Stability
- 42.75
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 56
- Sizing Uniformity
- 86.33
Hill City Capital, LP's disclosed holdings carry a Herfindahl concentration index of 0.100 — mathematically equivalent to about 10 equally-sized positions, well below its 28 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.37), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy G2R11M108
Trim MTZ
0.0% $203.3M
Add STM
+34.8% $152.7M
Trim CX
0.0% $6.0M
Trim CTRI
0.0% $4.2M
New buy LFUS
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MTZ | Mastec Inc | Stock-Industrials | 20.94% | -3.83% | — | |
| 2 | FSLR | First Solar Inc | Stock-Tech | 14.48% | -0.87% | +20.69% | |
| 3 | DY | Dycom Industries Inc | Stock-Industrials | 11.92% | -0.30% | — | |
| 4 | ✓ | Stock-Other | 8.81% | +8.81% | NEW | ||
| 5 | STM | Stmicroelectronics Nv-ny Shs | Stock-Tech | 5.42% | +2.58% | +34.78% | |
| 6 | IP | International Paper Co | Stock-Consumer Disc | 4.54% | -0.82% | +21.43% | |
| 7 | GVA | Granite Construction Inc | Stock-Industrials | 4.10% | -0.65% | +0.02% | |
| 8 | JHX | James Hardie Industries plc | Stock-Other | 3.50% | -0.30% | +1.82% | |
| 9 | BA | Boeing Co/the | Stock-Industrials | 3.14% | -0.78% | +12.71% | |
| 10 | CX | Cemex Sab-spons Adr Part Cer | Stock-Other | 3.03% | -1.39% | — | |
| 11 | CTRI | Centuri Holdings Inc | Stock-Other | 2.85% | -1.36% | — | |
| 12 | CRH | CRH plc | Stock-Materials | 2.76% | -1.28% | +2.79% | |
| 13 | ARRY | Array Technologies Inc | Stock-Other | 2.23% | -1.10% | — | |
| 14 | WMS | Advanced Drainage Systems In | Stock-Industrials | 1.76% | -0.05% | +29.73% | |
| 15 | ATKR | Atkore Inc | Stock-Other | 1.29% | -0.24% | -0.56% | |
| 16 | LFUS | Littelfuse Inc | Stock-Tech | 1.28% | +1.28% | NEW | |
| 17 | BWA | Borgwarner Inc | Stock-Consumer Disc | 1.24% | +1.24% | NEW | |
| 18 | CNM | Core & Main Inc-class A | Stock-Industrials | 1.16% | -0.37% | +18.56% | |
| 19 | ATS | Ats CORP | Stock-Other | 1.11% | -0.55% | — | |
| 20 | WOLF | Wolfspeed Inc | Stock-Other | 1.05% | +0.53% | +5.65% | |
| 21 | ENS | Enersys | Stock-Industrials | 1.04% | -0.14% | — | |
| 22 | TREX | Trex Company Inc | Stock-Industrials | 0.64% | -0.08% | — | |
| 23 | WBI | Waterbridge Infrastruc-cl A | Stock-Other | 0.56% | -0.11% | — | |
| 24 | TFII | Tfi International Inc | Stock-Other | 0.49% | -0.07% | — | |
| 25 | GTX | Garrett Motion Inc | Stock-Consumer Disc | 0.42% | +0.42% | NEW | |
| 26 | MWH | Solv Energy Inc-cl A | Stock-Other | 0.20% | -0.07% | — | |
| 27 | ✓ | Stock-Other | 0.04% | +0.04% | NEW | ||
| 28 | SITE | Siteone Landscape Supply Inc | Stock-Industrials | 0.01% | +0.01% | NEW |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Portfolio Performance
Performance for Q3 2026
-26.2%
Performance Last 4 Quarters
+13%
- Stdev
- +31.9%
- Beta
- +1.68
- Alpha
- -18.2%
- Max Drawdown
- -26.2%
- Annualized Perf
- +10.9%
- Batting Avg vs S&P
- +55.6%
- Sortino
- +0.73
- Stutzer
- +0.14
- Treynor
- +0.09
- Sterling
- +0.37
- Calmar
- +0.42
- Information Ratio
- -0.19
- Tracking Error
- +24.9%
- Stdev Down
- +21%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +89.9%
- Worst 12 Months
- -11.4%
- Efficiency Ratio
- +0.13
- Sharpe
- +0.48
- Stdev Sectors
- +22.1%
- Skewness
- -0.29
- Kurtosis
- -0.81
- Upside Potential
- +2.65
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 28 | $4.3B | 43 | ||
| 2026 Q1 | 23 | $2.8B | 28 | ||
| 2025 Q4 | 23 | $2.6B | 20 | ||
| 2025 Q3 | 22 | $2.4B | 58 | ||
| 2025 Q2 | 20 | $2.0B | 0 | ||
| 2025 Q1 | 17 | $1.3B | 100 | ||
| 2024 Q4 | 19 | $1.6B | 0 | ||
| 2024 Q3 | 22 | $1.5B | 0 | ||
| 2024 Q2 | 24 | $1.4B | 0 | ||
| 2024 Q1 | 22 | $1.4B | 0 | ||
| 2023 Q4 | 20 | $1.1B | 0 | ||
| 2023 Q3 | 21 | $745.1M | 0 | ||
| 2023 Q2 | 20 | $653.9M | 0 | ||
| 2023 Q1 | 23 | $509.1M | 0 | ||
| 2022 Q4 | 23 | $574.4M | 0 | ||
| 2022 Q3 | 21 | $500.0M | 0 | ||
| 2022 Q2 | 21 | $434.1M | 0 | ||
| 2022 Q1 | 23 | $524.4M | 0 | ||
| 2021 Q4 | 19 | $439.0M | 0 | ||
| 2021 Q3 | 24 | $394.1M | 0 | ||
| 2021 Q2 | 18 | $329.9M | 84 | ||
| 2021 Q1 | 17 | $241.0M | 52 | ||
| 2020 Q4 | 18 | $184.4M | 0 |
Holding changes this quarter
Hill City Capital, LP's most significant position changes for 2026-06-30: New buy: ; New buy: Littelfuse Inc (LFUS); New buy: Borgwarner Inc (BWA); New buy: Garrett Motion Inc (GTX); Sold out: Equipmentshare.com Inc-a (EQPT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +8.8% | NEW | New buy | |
| 2 | STM | Stmicroelectronics Nv-ny Shs | +2.6% | +34.78% | Add |
| 3 | LFUS | Littelfuse Inc | +1.3% | NEW | New buy |
| 4 | BWA | Borgwarner Inc | +1.2% | NEW | New buy |
| 5 | WOLF | Wolfspeed Inc | +0.5% | +5.65% | Add |
| 6 | GTX | Garrett Motion Inc | +0.4% | NEW | New buy |
| 7 | ✓ | 0% | NEW | New buy | |
| 8 | SITE | Siteone Landscape Supply Inc | 0% | NEW | New buy |
| 9 | WMS | Advanced Drainage Systems In | -0.1% | +29.73% | Add |
| 10 | TFII | Tfi International Inc | -0.1% | — | Unchanged |
| 11 | MWH | Solv Energy Inc-cl A | -0.1% | — | Unchanged |
| 12 | TREX | Trex Company Inc | -0.1% | — | Unchanged |
| 13 | WBI | Waterbridge Infrastruc-cl A | -0.1% | — | Unchanged |
| 14 | ENS | Enersys | -0.1% | — | Unchanged |
| 15 | ATKR | Atkore Inc | -0.2% | -0.56% | Trim |
| 16 | DY | Dycom Industries Inc | -0.3% | — | Unchanged |
| 17 | JHX | James Hardie Industries plc | -0.3% | +1.82% | Add |
| 18 | CNM | Core & Main Inc-class A | -0.4% | +18.56% | Add |
| 19 | EQPT | Equipmentshare.com Inc-a | -0.6% | EXIT | Sold out |
| 20 | ATS | Ats CORP | -0.6% | — | Unchanged |
| 21 | GVA | Granite Construction Inc | -0.7% | +0.02% | Add |
| 22 | BA | Boeing Co/the | -0.8% | +12.71% | Add |
| 23 | IP | International Paper Co | -0.8% | +21.43% | Add |
| 24 | FSLR | First Solar Inc | -0.9% | +20.69% | Add |
| 25 | ARRY | Array Technologies Inc | -1.1% | — | Unchanged |
| 26 | CRH | CRH plc | -1.3% | +2.79% | Add |
| 27 | CTRI | Centuri Holdings Inc | -1.4% | — | Unchanged |
| 28 | CX | Cemex Sab-spons Adr Part Cer | -1.4% | — | Unchanged |
| 29 | MTZ | Mastec Inc | -3.8% | — | Unchanged |
Filing History
FAQ
What is Hill City Capital, LP and what type of investor is it?
Hill City Capital, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.3B, spread across 28 disclosed positions.
What are Hill City Capital, LP's largest equity positions?
Based on the latest 13F filing, Hill City Capital, LP's top holdings by market value are:
1. Mastec Inc (MTZ) — $896.6M (20.9%)
2. First Solar Inc (FSLR) — $620.1M (14.5%)
3. Dycom Industries Inc (DY) — $510.5M (11.9%)
4. — $377.4M (8.8%)
5. Stmicroelectronics Nv-ny Shs (STM) — $232.2M (5.4%)
What changes did Hill City Capital, LP make in its most recent portfolio filing?
In the latest reported quarter, Hill City Capital, LP made 18 notable position adjustments: 6 new positions were initiated, 10 existing holdings were added to, 1 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: ; New buy: Littelfuse Inc (LFUS); New buy: Borgwarner Inc (BWA); New buy: Garrett Motion Inc (GTX); Sold out: Equipmentshare.com Inc-a (EQPT)
What sectors does Hill City Capital, LP focus on?
Hill City Capital, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 59.7%
• Information Technology: 28.3%
• Consumer Discretionary: 8.3%
• Materials: 3.7%
Investment Profile
Hill City Capital, LP returned an annualized 10.9% over the trailing 36 months — underperforming the S&P 500 by 18.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.68 (more volatile than the market) and a 56% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 59.7% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 43 over the past 4 quarters — a shift toward more active trading.
It has added to its MTZ position for two straight quarters, increasing it by $428.2M to reach $896.6M.
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Developer Access
Access Hill City Capital, LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/hill-city-capital-lpCLI
npx alphasmo institutions get hill-city-capital-lp