Hill City Capital, LP Long-Term Concentrated

CIK: 0001837343 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $2,021,929 (100.0% shares, 0.0% debt)

Holdings (20)

MTZ MASTEC INC 18.2%

Value ($000) $367,277 Shares 2,155,000 Est. Cost $76.00 Unrealized +89.5%

FSLR FIRST SOLAR INC 17.6%

Value ($000) $355,911 Shares 2,150,000 Est. Cost $164.88 Unrealized -10.5%

DY DYCOM INDS INC 12.2%

Value ($000) $246,781 Shares 1,009,784 Est. Cost $113.53 Unrealized +73.3%

FSLR FIRST SOLAR INC 8.1%

Value ($000) $163,885 Shares 990,000 Est. Cost $164.88 Unrealized -10.5%

— SPIRIT AEROSYSTEMS HLDGS INC 7.5%

Value ($000) $150,666 Shares 3,949,299 Est. Cost $22.55 Unrealized —

GVA GRANITE CONSTR INC 5.1%

Value ($000) $103,847 Shares 1,110,548 Est. Cost $58.74 Unrealized +43.4%

CRH CRH PLC 5.0%

Value ($000) $100,705 Shares 1,097,000 Est. Cost $55.70 Unrealized +63.4%

IP INTERNATIONAL PAPER CO 4.5%

Value ($000) $90,382 Shares 1,930,000 Est. Cost $44.15 Unrealized +4.1%

ARRY ARRAY TECHNOLOGIES INC 4.2%

Value ($000) $84,165 Shares 14,265,335 Est. Cost $14.13 Unrealized -57.0%

CTRI CENTURI HOLDINGS INC 3.4%

Value ($000) $67,993 Shares 3,030,000 Est. Cost $19.56 Unrealized 0.0%

MMM 3M CO 2.8%

Value ($000) $56,329 Shares 370,000 Est. Cost $109.06 Unrealized +29.5%

CNM CORE & MAIN INC 2.3%

Value ($000) $46,723 Shares 774,200 Est. Cost $34.91 Unrealized +53.2%

ATS ATS CORP 1.9%

Value ($000) $39,048 Shares 1,224,857 Est. Cost $27.91 Unrealized -1.9%

ENS ENERSYS 1.9%

Value ($000) $38,382 Shares 447,500 Est. Cost $77.68 Unrealized +11.5%

CX CEMEX SAB DE CV 1.5%

Value ($000) $29,470 Shares 4,252,500 Est. Cost $6.93 Unrealized —

BLDR BUILDERS FIRSTSOURCE INC 1.4%

Value ($000) $28,006 Shares 240,000 Est. Cost $37.90 Unrealized +204.5%

SABR SABRE CORP 0.7%

Value ($000) $14,748 Shares 4,667,000 Est. Cost $6.82 Unrealized -62.4%

TFII TFI INTERNATIONAL INC 0.6%

Value ($000) $13,002 Shares 145,000 Est. Cost $67.93 Unrealized +24.5%

WEX WEX INC 0.6%

Value ($000) $12,486 Shares 85,000 Est. Cost $165.43 Unrealized -18.8%

SITE SITEONE LANDSCAPE SUPPLY INC 0.6%

Value ($000) $12,124 Shares 100,250 Est. Cost $124.26 Unrealized -4.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MTZ	MASTEC INC	2,155,000	$367,277	18.2%	$76.00	+89.5%	COM	576323109
FSLR	FIRST SOLAR INC	2,150,000	$355,911	17.6%	$164.88	-10.5%	COM	336433107
DY	DYCOM INDS INC	1,009,784	$246,781	12.2%	$113.53	+73.3%	COM	267475101
FSLR	FIRST SOLAR INC	990,000	$163,885	8.1%	$164.88	-10.5%	Call	336433107
—	SPIRIT AEROSYSTEMS HLDGS INC	3,949,299	$150,666	7.5%	$22.55	—	COM CL A	848574109
GVA	GRANITE CONSTR INC	1,110,548	$103,847	5.1%	$58.74	+43.4%	COM	387328107
CRH	CRH PLC	1,097,000	$100,705	5.0%	$55.70	+63.4%	ORD	G25508105
IP	INTERNATIONAL PAPER CO	1,930,000	$90,382	4.5%	$44.15	+4.1%	COM	460146103
ARRY	ARRAY TECHNOLOGIES INC	14,265,335	$84,165	4.2%	$14.13	-57.0%	COM SHS	04271T100
CTRI	CENTURI HOLDINGS INC	3,030,000	$67,993	3.4%	$19.56	0.0%	COM SHS	155923105
MMM	3M CO	370,000	$56,329	2.8%	$109.06	+29.5%	COM	88579Y101
CNM	CORE & MAIN INC	774,200	$46,723	2.3%	$34.91	+53.2%	CL A	21874C102
ATS	ATS CORP	1,224,857	$39,048	1.9%	$27.91	-1.9%	COM	00217Y104
ENS	ENERSYS	447,500	$38,382	1.9%	$77.68	+11.5%	COM	29275Y102
CX	CEMEX SAB DE CV	4,252,500	$29,470	1.5%	$6.93	—	SPON ADR NEW	151290889
BLDR	BUILDERS FIRSTSOURCE INC	240,000	$28,006	1.4%	$37.90	+204.5%	COM	12008R107
SABR	SABRE CORP	4,667,000	$14,748	0.7%	$6.82	-62.4%	COM	78573M104
TFII	TFI INTERNATIONAL INC	145,000	$13,002	0.6%	$67.93	+24.5%	COM	87241L109
WEX	WEX INC	85,000	$12,486	0.6%	$165.43	-18.8%	COM	96208T104
SITE	SITEONE LANDSCAPE SUPPLY INC	100,250	$12,124	0.6%	$124.26	-4.9%	COM	82982L103