Hill City Capital, LP Long-Term Concentrated

Location: Boston, MA

CIK: 0001837343 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value: $2.365B (100.0% shares, 0.0% debt)

Holdings (22)

FSLR FIRST SOLAR INC 19.5%

Value $461M Shares 2,090,000 Share Price $220.53 * Est. Cost/Share $164.88 Unrealized @ Report Date +16.4%

MTZ MASTEC INC 19.4%

Value $459M Shares 2,155,000 Share Price $212.81 * Est. Cost/Share $76.00 Unrealized @ Report Date +140.9%

DY DYCOM INDS INC 12.5%

Value $295M Shares 1,009,784 Share Price $291.76 * Est. Cost/Share $113.53 Unrealized @ Report Date +131.1%

CRH CRH PLC 5.3%

Value $125M Shares 1,046,000 Share Price $119.90 * Est. Cost/Share $55.70 Unrealized @ Report Date +89.6%

GVA GRANITE CONSTR INC 5.1%

Value $122M Shares 1,110,048 Share Price $109.65 * Est. Cost/Share $58.74 Unrealized @ Report Date +74.9%

ARRY ARRAY TECHNOLOGIES INC 4.4%

Value $105M Shares 12,891,300 Share Price $8.15 * Est. Cost/Share $14.13 Unrealized @ Report Date -46.4%

— SPIRIT AEROSYSTEMS HLDGS INC 4.3%

Value $102M Shares 2,652,093 Share Price $38.60 Est. Cost/Share $22.55 Unrealized @ Report Date —

CX CEMEX SAB DE CV 4.1%

Value $97.12M Shares 10,802,750 Share Price $8.99 Est. Cost/Share $8.18 Unrealized @ Report Date —

IP INTERNATIONAL PAPER CO 4.0%

Value $94.19M Shares 2,030,000 Share Price $46.40 * Est. Cost/Share $44.34 Unrealized @ Report Date +8.2%

CTRI CENTURI HOLDINGS INC 3.4%

Value $81.08M Shares 3,830,000 Share Price $21.17 Est. Cost/Share $19.91 Unrealized @ Report Date +6.6%

JHX JAMES HARDIE INDS PLC 3.4%

Value $81.04M Shares 4,218,500 Share Price $19.21 * Est. Cost/Share $23.95 Unrealized @ Report Date 0.0%

Value $57.42M Shares 370,000 Share Price $155.18 Est. Cost/Share $109.06 Unrealized @ Report Date +40.4%

ENS ENERSYS 2.2%

Value $52.81M Shares 467,500 Share Price $112.96 * Est. Cost/Share $78.55 Unrealized @ Report Date +24.7%

ATKR ATKORE INC 1.9%

Value $45.69M Shares 728,206 Share Price $62.74 * Est. Cost/Share $64.34 Unrealized @ Report Date 0.0%

ATS ATS CORPORATION 1.8%

Value $43.23M Shares 1,649,857 Share Price $26.20 * Est. Cost/Share $28.14 Unrealized @ Report Date +2.4%

CNM CORE & MAIN INC 1.8%

Value $41.75M Shares 775,500 Share Price $53.83 * Est. Cost/Share $34.91 Unrealized @ Report Date +73.5%

BLDR BUILDERS FIRSTSOURCE INC 1.2%

Value $29.1M Shares 240,000 Share Price $121.25 * Est. Cost/Share $37.90 Unrealized @ Report Date +250.0%

WMS ADVANCED DRAIN SYS INC DEL 0.9%

Value $20.8M Shares 150,000 Share Price $138.70 * Est. Cost/Share $131.06 Unrealized @ Report Date 0.0%

WBI WATERBRIDGE INFRASTRUCTURE L 0.7%

Value $17.65M Shares 700,000 Share Price $25.22 * Est. Cost/Share $23.45 Unrealized @ Report Date 0.0%

SITE SITEONE LANDSCAPE SUPPLY INC 0.5%

Value $12.91M Shares 100,250 Share Price $128.80 * Est. Cost/Share $124.26 Unrealized @ Report Date +9.2%

TFII TFI INTL INC 0.5%

Value $12.77M Shares 145,000 Share Price $88.06 * Est. Cost/Share $67.93 Unrealized @ Report Date +34.7%

SABR SABRE CORP 0.4%

Value $8.541M Shares 4,667,000 Share Price $1.83 * Est. Cost/Share $6.82 Unrealized @ Report Date -65.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FSLR	FIRST SOLAR INC	2,090,000	$461M	19.5%	$220.53 *	$164.88	+16.4%	COM	336433107
MTZ	MASTEC INC	2,155,000	$459M	19.4%	$212.81 *	$76.00	+140.9%	COM	576323109
DY	DYCOM INDS INC	1,009,784	$295M	12.5%	$291.76 *	$113.53	+131.1%	COM	267475101
CRH	CRH PLC	1,046,000	$125M	5.3%	$119.90 *	$55.70	+89.6%	ORD	G25508105
GVA	GRANITE CONSTR INC	1,110,048	$122M	5.1%	$109.65 *	$58.74	+74.9%	COM	387328107
ARRY	ARRAY TECHNOLOGIES INC	12,891,300	$105M	4.4%	$8.15 *	$14.13	-46.4%	COM SHS	04271T100
—	SPIRIT AEROSYSTEMS HLDGS INC	2,652,093	$102M	4.3%	$38.60	$22.55	—	COM CL A	848574109
CX	CEMEX SAB DE CV	10,802,750	$97.12M	4.1%	$8.99	$8.18	—	SPON ADR NEW	151290889
IP	INTERNATIONAL PAPER CO	2,030,000	$94.19M	4.0%	$46.40 *	$44.34	+8.2%	COM	460146103
CTRI	CENTURI HOLDINGS INC	3,830,000	$81.08M	3.4%	$21.17	$19.91	+6.6%	COM SHS	155923105
JHX	JAMES HARDIE INDS PLC	4,218,500	$81.04M	3.4%	$19.21 *	$23.95	0.0%	ORD SHS	G4253H101
MMM	3M CO	370,000	$57.42M	2.4%	$155.18	$109.06	+40.4%	COM	88579Y101
ENS	ENERSYS	467,500	$52.81M	2.2%	$112.96 *	$78.55	+24.7%	COM	29275Y102
ATKR	ATKORE INC	728,206	$45.69M	1.9%	$62.74 *	$64.34	0.0%	COM	047649108
ATS	ATS CORPORATION	1,649,857	$43.23M	1.8%	$26.20 *	$28.14	+2.4%	COM	00217Y104
CNM	CORE & MAIN INC	775,500	$41.75M	1.8%	$53.83 *	$34.91	+73.5%	CL A	21874C102
BLDR	BUILDERS FIRSTSOURCE INC	240,000	$29.1M	1.2%	$121.25 *	$37.90	+250.0%	COM	12008R107
WMS	ADVANCED DRAIN SYS INC DEL	150,000	$20.8M	0.9%	$138.70 *	$131.06	0.0%	COM	00790R104
WBI	WATERBRIDGE INFRASTRUCTURE L	700,000	$17.65M	0.7%	$25.22 *	$23.45	0.0%	CL A SHS REPSTG	940923105
SITE	SITEONE LANDSCAPE SUPPLY INC	100,250	$12.91M	0.5%	$128.80 *	$124.26	+9.2%	COM	82982L103
TFII	TFI INTL INC	145,000	$12.77M	0.5%	$88.06 *	$67.93	+34.7%	COM	87241L109
SABR	SABRE CORP	4,667,000	$8.541M	0.4%	$1.83 *	$6.82	-65.4%	COM	78573M104