Hill City Capital, LP Long-Term Concentrated

CIK: 0001837343 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $2,649,255 (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (2)

BA BOEING CO 4.2%

Value ($000) $112,573 Shares 518,483 Est. Cost $205.66 Unrealized 0.0%

TREX TREX CO INC 0.7%

Value ($000) $19,364 Shares 552,000 Est. Cost $40.45 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BA	BOEING CO	518,483	$112,573	4.2%	$205.66	0.0%	COM	097023105
TREX	TREX CO INC	552,000	$19,364	0.7%	$40.45	0.0%	COM	89531P105

Increased Positions (5)

JHX JAMES HARDIE INDS PLC 4.0%

Value ($000) $106,244 (+31.1%) Shares 5,120,200 (+21.4%) Est. Cost $23.26 Unrealized -13.8%

CTRI CENTURI HOLDINGS INC 3.8%

Value ($000) $101,758 (+25.5%) Shares 4,030,000 (+5.2%) Est. Cost $20.03 Unrealized +11.6%

WMS ADVANCED DRAIN SYS INC DEL 0.9%

Value ($000) $23,173 (+11.4%) Shares 160,000 (+6.7%) Est. Cost $131.91 Unrealized +9.7%

IP INTERNATIONAL PAPER CO 3.6%

Value ($000) $95,718 (+1.6%) Shares 2,430,000 (+19.7%) Est. Cost $43.77 Unrealized -6.7%

CNM CORE & MAIN INC 1.6%

Value ($000) $41,420 (-0.8%) Shares 797,000 (+2.8%) Est. Cost $35.35 Unrealized +45.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JHX	JAMES HARDIE INDS PLC	5,120,200 (+21.4%)	$106,244 (+31.1%)	4.0%	$23.26	-13.8%	ORD SHS	G4253H101
CTRI	CENTURI HOLDINGS INC	4,030,000 (+5.2%)	$101,758 (+25.5%)	3.8%	$20.03	+11.6%	COM SHS	155923105
WMS	ADVANCED DRAIN SYS INC DEL	160,000 (+6.7%)	$23,173 (+11.4%)	0.9%	$131.91	+9.7%	COM	00790R104
IP	INTERNATIONAL PAPER CO	2,430,000 (+19.7%)	$95,718 (+1.6%)	3.6%	$43.77	-6.7%	COM	460146103
CNM	CORE & MAIN INC	797,000 (+2.8%)	$41,420 (-0.8%)	1.6%	$35.35	+45.1%	CL A	21874C102

Exited Positions (1)

— SPIRIT AEROSYSTEMS HLDGS INC 3.9%

Value ($000) $102,371 Shares 2,652,093 Est. Cost $22.55 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SPIRIT AEROSYSTEMS HLDGS INC	2,652,093	$102,371	3.9%	$22.55	—	—	848574109

Decreased Positions (1)

SITE SITEONE LANDSCAPE SUPPLY INC 0.5%

Value ($000) $12,356 (-4.3%) Shares 99,200 (-1.0%) Est. Cost $124.26 Unrealized +1.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SITE	SITEONE LANDSCAPE SUPPLY INC	99,200 (-1.0%)	$12,356 (-4.3%)	0.5%	$124.26	+1.9%	COM	82982L103

Unchanged Positions (15)

FSLR FIRST SOLAR INC 20.6%

Value ($000) $546,073 Shares 2,090,390 Est. Cost $164.88 Unrealized +53.0%

DY DYCOM INDS INC 12.9%

Value ($000) $341,206 Shares 1,009,784 Est. Cost $113.53 Unrealized +177.7%

CX CEMEX SAB DE CV 4.7%

Value ($000) $124,124 Shares 10,802,750 Est. Cost $8.18 Unrealized —

ENS ENERSYS 2.6%

Value ($000) $68,606 Shares 467,500 Est. Cost $78.55 Unrealized +69.8%

ARRY ARRAY TECHNOLOGIES INC 4.5%

Value ($000) $118,858 Shares 12,891,300 Est. Cost $14.13 Unrealized -39.3%

MTZ MASTEC INC 17.7%

Value ($000) $468,432 Shares 2,155,000 Est. Cost $76.00 Unrealized +176.1%

GVA GRANITE CONSTR INC 4.8%

Value ($000) $128,044 Shares 1,110,048 Est. Cost $58.74 Unrealized +82.9%

CRH CRH PLC 4.9%

Value ($000) $130,541 Shares 1,046,000 Est. Cost $55.70 Unrealized +113.9%

BLDR BUILDERS FIRSTSOURCE INC 0.9%

Value ($000) $24,694 Shares 240,000 Est. Cost $37.90 Unrealized +196.5%

WBI WATERBRIDGE INFRASTRUCTURE L 0.5%

Value ($000) $14,007 Shares 700,000 Est. Cost $23.45 Unrealized -1.0%

TFII TFI INTL INC 0.6%

Value ($000) $14,986 Shares 145,000 Est. Cost $67.93 Unrealized +37.0%

ATS ATS CORP 1.7%

Value ($000) $45,437 Shares 1,649,857 Est. Cost $28.14 Unrealized -5.1%

SABR SABRE CORP 0.2%

Value ($000) $6,347 Shares 4,667,000 Est. Cost $6.82 Unrealized -74.8%

Value ($000) $59,237 Shares 370,000 Est. Cost $109.06 Unrealized +49.6%

ATKR ATKORE INC 1.7%

Value ($000) $46,059 Shares 728,206 Est. Cost $64.34 Unrealized +0.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FSLR	FIRST SOLAR INC	2,090,390	$546,073	20.6%	$164.88	+53.0%	COM	336433107
DY	DYCOM INDS INC	1,009,784	$341,206	12.9%	$113.53	+177.7%	COM	267475101
CX	CEMEX SAB DE CV	10,802,750	$124,124	4.7%	$8.18	—	SPON ADR NEW	151290889
ENS	ENERSYS	467,500	$68,606	2.6%	$78.55	+69.8%	COM	29275Y102
ARRY	ARRAY TECHNOLOGIES INC	12,891,300	$118,858	4.5%	$14.13	-39.3%	COM SHS	04271T100
MTZ	MASTEC INC	2,155,000	$468,432	17.7%	$76.00	+176.1%	COM	576323109
GVA	GRANITE CONSTR INC	1,110,048	$128,044	4.8%	$58.74	+82.9%	COM	387328107
CRH	CRH PLC	1,046,000	$130,541	4.9%	$55.70	+113.9%	ORD	G25508105
BLDR	BUILDERS FIRSTSOURCE INC	240,000	$24,694	0.9%	$37.90	+196.5%	COM	12008R107
WBI	WATERBRIDGE INFRASTRUCTURE L	700,000	$14,007	0.5%	$23.45	-1.0%	CL A SHS REPSTG	940923105
TFII	TFI INTL INC	145,000	$14,986	0.6%	$67.93	+37.0%	COM	87241L109
ATS	ATS CORP	1,649,857	$45,437	1.7%	$28.14	-5.1%	COM	00217Y104
SABR	SABRE CORP	4,667,000	$6,347	0.2%	$6.82	-74.8%	COM	78573M104
MMM	3M CO	370,000	$59,237	2.2%	$109.06	+49.6%	COM	88579Y101
ATKR	ATKORE INC	728,206	$46,059	1.7%	$64.34	+0.5%	COM	047649108