Q2 2026 13F · SEC CIK 1837343
Hill City Capital, LP
Hedge fundFiled 2026-08-17 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $4.3B
- Reported positions
- 28
- Top holdings a year, 3 yrs
- +21.0%
- Assets under management
- $4.9B
Hill City Capital, LP is a hedge fund that reported 28 positions worth $4.3B in its Q2 2026 13F, filed 2026-08-17. Its largest holdings were MasTec Inc (MTZ, 20.9%), First Solar Inc (FSLR, 14.5%), Dycom Inds Inc (DY, 11.9%). A portfolio copying its top holdings returned 21.0% a year over the last 3 years, against 20.4% for the S&P 500.
Hill City Capital, LP holdings all 28 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
What Hill City Capital, LP bought and sold in Q2 2026, against Q1 2026.
New positions
- DPC Dpc Holdings PLC8.8% of 13F
- LFUS Littelfuse Inc1.3% of 13F
- BWA Borgwarner Inc1.2% of 13F
- GTX Garrett Motion Inc0.4% of 13F
- EROC Erock Inc0.0% of 13F
- SITE Siteone Landscape Supply Inc0.0% of 13F
Added to
- STM Stmicroelectronics N V Ny Registry+34.8% shares
- WMS Advanced Drain Sys Inc Del+29.7% shares
- IP International Paper Co+21.4% shares
- FSLR First Solar Inc+20.7% shares
- CNM Core & Main Inc+18.6% shares
- BA Boeing Co+12.7% shares
- WOLF Wolfspeed Inc+5.6% shares
Reduced
No position shrank by more than 5%.
Sold out
- EQPT Equipmentshare Com Incwas 0.5%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +27.8% /yr
- S&P 500 +20.1%
- 3 years
- +21.0% /yr
- S&P 500 +20.4%
- 5 years
- +16.8% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $4.3B | 28 |
| Q1 2026 | $2.8B | 23 |
| Q4 2025 | $2.6B | 23 |
| Q3 2025 | $2.4B | 22 |
| Q2 2025 | $1.9B | 19 |
| Q1 2025 | $1.3B | 17 |
| Q4 2024 | $1.6B | 19 |
| Q3 2024 | $1.5B | 22 |
| Q2 2024 | $1.4B | 24 |
| Q1 2024 | $1.4B | 22 |
| Q4 2023 | $1.1B | 20 |
| Q3 2023 | $745.1M | 21 |
Questions about Hill City Capital, LP's portfolio
What stocks does Hill City Capital, LP own?
Hill City Capital, LP's latest 13F, for Q2 2026 and filed Aug 17, 2026, lists 28 positions worth $4.3B. The largest are MasTec Inc (MTZ) at 20.9%, First Solar Inc (FSLR) at 14.5%, Dycom Inds Inc (DY) at 11.9%, Dpc Holdings PLC (DPC) at 8.8% and Stmicroelectronics N V Ny Registry (STM) at 5.4%.
What did Hill City Capital, LP buy last quarter?
In Q2 2026, Hill City Capital, LP added a new position in Dpc Holdings PLC (DPC), a new position in Littelfuse Inc (LFUS), a new position in Borgwarner Inc (BWA), a new position in Garrett Motion Inc (GTX), a new position in Erock Inc (EROC), Stmicroelectronics N V Ny Registry (STM) (+34.8% shares), Advanced Drain Sys Inc Del (WMS) (+29.7% shares) and International Paper Co (IP) (+21.4% shares), compared with its Q1 2026 filing.
What did Hill City Capital, LP sell last quarter?
In Q2 2026, Hill City Capital, LP sold all of Equipmentshare Com Inc (EQPT), compared with its Q1 2026 filing.
How has Hill City Capital, LP's portfolio performed?
A portfolio copying Hill City Capital, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +21.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +27.8% against +20.1%. Over 5 years: +16.8% a year against +11.6%.
When is Hill City Capital, LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Hill City Capital, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Hill City Capital, LP manage?
Hill City Capital, LP reported $4.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $4.3B.