Hill City Capital, LP Long-Term Concentrated

Location: Boston, MA

CIK: 0001837343 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value: $2.022B (100.0% shares, 0.0% debt)

Holdings (20)

MTZ MASTEC INC 18.2%

Value $367M Shares 2,155,000 Share Price $170.43 * Est. Cost/Share $76.00 Unrealized @ Report Date +89.5%

FSLR FIRST SOLAR INC 17.6%

Value $356M Shares 2,150,000 Share Price $165.54 * Est. Cost/Share $164.88 Unrealized @ Report Date -10.5%

DY DYCOM INDS INC 12.2%

Value $247M Shares 1,009,784 Share Price $244.39 * Est. Cost/Share $113.53 Unrealized @ Report Date +73.3%

FSLR FIRST SOLAR INC 8.1%

Value $164M Shares 990,000 Share Price $165.54 * Est. Cost/Share $164.88 Unrealized @ Report Date -10.5%

— SPIRIT AEROSYSTEMS HLDGS INC 7.5%

Value $151M Shares 3,949,299 Share Price $38.15 Est. Cost/Share $22.55 Unrealized @ Report Date —

GVA GRANITE CONSTR INC 5.1%

Value $104M Shares 1,110,548 Share Price $93.51 * Est. Cost/Share $58.74 Unrealized @ Report Date +43.4%

CRH CRH PLC 5.0%

Value $101M Shares 1,097,000 Share Price $91.80 Est. Cost/Share $55.70 Unrealized @ Report Date +63.4%

IP INTERNATIONAL PAPER CO 4.5%

Value $90.38M Shares 1,930,000 Share Price $46.83 Est. Cost/Share $44.15 Unrealized @ Report Date +4.1%

ARRY ARRAY TECHNOLOGIES INC 4.2%

Value $84.17M Shares 14,265,335 Share Price $5.90 * Est. Cost/Share $14.13 Unrealized @ Report Date -57.0%

CTRI CENTURI HOLDINGS INC 3.4%

Value $67.99M Shares 3,030,000 Share Price $22.44 * Est. Cost/Share $19.56 Unrealized @ Report Date 0.0%

Value $56.33M Shares 370,000 Share Price $152.24 * Est. Cost/Share $109.06 Unrealized @ Report Date +29.5%

CNM CORE & MAIN INC 2.3%

Value $46.72M Shares 774,200 Share Price $60.35 * Est. Cost/Share $34.91 Unrealized @ Report Date +53.2%

ATS ATS CORP 1.9%

Value $39.05M Shares 1,224,857 Share Price $31.88 * Est. Cost/Share $27.91 Unrealized @ Report Date -1.9%

ENS ENERSYS 1.9%

Value $38.38M Shares 447,500 Share Price $85.77 Est. Cost/Share $77.68 Unrealized @ Report Date +11.5%

CX CEMEX SAB DE CV 1.5%

Value $29.47M Shares 4,252,500 Share Price $6.93 Est. Cost/Share $6.93 Unrealized @ Report Date —

BLDR BUILDERS FIRSTSOURCE INC 1.4%

Value $28.01M Shares 240,000 Share Price $116.69 Est. Cost/Share $37.90 Unrealized @ Report Date +204.5%

SABR SABRE CORP 0.7%

Value $14.75M Shares 4,667,000 Share Price $3.16 * Est. Cost/Share $6.82 Unrealized @ Report Date -62.4%

TFII TFI INTERNATIONAL INC 0.6%

Value $13M Shares 145,000 Share Price $89.67 * Est. Cost/Share $67.93 Unrealized @ Report Date +24.5%

WEX WEX INC 0.6%

Value $12.49M Shares 85,000 Share Price $146.89 * Est. Cost/Share $165.43 Unrealized @ Report Date -18.8%

SITE SITEONE LANDSCAPE SUPPLY INC 0.6%

Value $12.12M Shares 100,250 Share Price $120.94 * Est. Cost/Share $124.26 Unrealized @ Report Date -4.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MTZ	MASTEC INC	2,155,000	$367M	18.2%	$170.43 *	$76.00	+89.5%	COM	576323109
FSLR	FIRST SOLAR INC	2,150,000	$356M	17.6%	$165.54 *	$164.88	-10.5%	COM	336433107
DY	DYCOM INDS INC	1,009,784	$247M	12.2%	$244.39 *	$113.53	+73.3%	COM	267475101
FSLR	FIRST SOLAR INC	990,000	$164M	8.1%	$165.54 *	$164.88	-10.5%	Call	336433107
—	SPIRIT AEROSYSTEMS HLDGS INC	3,949,299	$151M	7.5%	$38.15	$22.55	—	COM CL A	848574109
GVA	GRANITE CONSTR INC	1,110,548	$104M	5.1%	$93.51 *	$58.74	+43.4%	COM	387328107
CRH	CRH PLC	1,097,000	$101M	5.0%	$91.80	$55.70	+63.4%	ORD	G25508105
IP	INTERNATIONAL PAPER CO	1,930,000	$90.38M	4.5%	$46.83	$44.15	+4.1%	COM	460146103
ARRY	ARRAY TECHNOLOGIES INC	14,265,335	$84.17M	4.2%	$5.90 *	$14.13	-57.0%	COM SHS	04271T100
CTRI	CENTURI HOLDINGS INC	3,030,000	$67.99M	3.4%	$22.44 *	$19.56	0.0%	COM SHS	155923105
MMM	3M CO	370,000	$56.33M	2.8%	$152.24 *	$109.06	+29.5%	COM	88579Y101
CNM	CORE & MAIN INC	774,200	$46.72M	2.3%	$60.35 *	$34.91	+53.2%	CL A	21874C102
ATS	ATS CORP	1,224,857	$39.05M	1.9%	$31.88 *	$27.91	-1.9%	COM	00217Y104
ENS	ENERSYS	447,500	$38.38M	1.9%	$85.77	$77.68	+11.5%	COM	29275Y102
CX	CEMEX SAB DE CV	4,252,500	$29.47M	1.5%	$6.93	$6.93	—	SPON ADR NEW	151290889
BLDR	BUILDERS FIRSTSOURCE INC	240,000	$28.01M	1.4%	$116.69	$37.90	+204.5%	COM	12008R107
SABR	SABRE CORP	4,667,000	$14.75M	0.7%	$3.16 *	$6.82	-62.4%	COM	78573M104
TFII	TFI INTERNATIONAL INC	145,000	$13M	0.6%	$89.67 *	$67.93	+24.5%	COM	87241L109
WEX	WEX INC	85,000	$12.49M	0.6%	$146.89 *	$165.43	-18.8%	COM	96208T104
SITE	SITEONE LANDSCAPE SUPPLY INC	100,250	$12.12M	0.6%	$120.94 *	$124.26	-4.9%	COM	82982L103