Q4 2025 · 13F-HR
Hill City Capital, LPholdings as filed
Filed 2026-02-13 · accession 0001837343-26-000002
$2.65B
Reported value
23
Positions
2025-12-31
Period end
The Brief · Hill City Capital, LP · Q4 2025
AI · grounded in 13F
Hill City Capital, LP established a new position in BA worth $112.6M. The fund closed its entire position in S9Q, reducing exposure by $102.4M. Other activity included a new position in TREX for $19.4M and a 21.4% increase in shares of JHX.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 336433107 | FSLR | FIRST SOLAR INC | $546.1M | 20.6% | 2,090,390 | Common | SOLE |
| 576323109 | MTZ | MASTEC INC | $468.4M | 17.7% | 2,155,000 | Common | SOLE |
| 267475101 | DY | DYCOM INDS INC | $341.2M | 12.9% | 1,009,784 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $130.5M | 4.93% | 1,046,000 | Common | SOLE |
| 387328107 | GVA | GRANITE CONSTR INC | $128.0M | 4.83% | 1,110,048 | Common | SOLE |
| 151290889 | CX | CEMEX SAB DE CV | $124.1M | 4.69% | 10,802,750 | Common | SOLE |
| 04271T100 | ARRY | ARRAY TECHNOLOGIES INC | $118.9M | 4.49% | 12,891,300 | Common | SOLE |
| 097023105 | BA | BOEING CO | $112.6M | 4.25% | 518,483 | Common | SOLE |
| G4253H101 | JHX | JAMES HARDIE INDS PLC | $106.2M | 4.01% | 5,120,200 | Common | SOLE |
| 155923105 | CTRI | CENTURI HOLDINGS INC | $101.8M | 3.84% | 4,030,000 | Common | SOLE |
| 460146103 | IP | INTERNATIONAL PAPER CO | $95.7M | 3.61% | 2,430,000 | Common | SOLE |
| 29275Y102 | ENS | ENERSYS | $68.6M | 2.59% | 467,500 | Common | SOLE |
| 88579Y101 | MMM | 3M CO | $59.2M | 2.24% | 370,000 | Common | SOLE |
| 047649108 | ATKR | ATKORE INC | $46.1M | 1.74% | 728,206 | Common | SOLE |
| 00217Y104 | ATS | ATS CORP | $45.4M | 1.72% | 1,649,857 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $41.4M | 1.56% | 797,000 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $24.7M | 0.93% | 240,000 | Common | SOLE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DEL | $23.2M | 0.87% | 160,000 | Common | SOLE |
| 89531P105 | TREX | TREX CO INC | $19.4M | 0.73% | 552,000 | Common | SOLE |
| 87241L109 | TFII | TFI INTL INC | $15.0M | 0.57% | 145,000 | Common | SOLE |
| 940923105 | WBI | WATERBRIDGE INFRASTRUCTURE L | $14.0M | 0.53% | 700,000 | Common | SOLE |
| 82982L103 | SITE | SITEONE LANDSCAPE SUPPLY INC | $12.4M | 0.47% | 99,200 | Common | SOLE |
| 78573M104 | SABR | SABRE CORP | $6.3M | 0.24% | 4,667,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.