1y return+66.2%S&P 500 +20.9%
3y return+119.8%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2023: $247 against $182 in the S&P 500.2
Hill City Capital, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MTZMastec Inc | $896.6M | 20.9% | |
| FSLRFirst Solar Inc | $620.1M | 14.5% | +20.7% |
| DYDycom Inds Inc | $510.5M | 11.9% | |
| Dpc Holdings PLCCUSIP G2R11M108 | $377.4M | 8.8% | New |
| STMStmicroelectronics N V | $232.2M | 5.4% | +34.8% |
| IPInternational Paper Co | $194.3M | 4.5% | +21.4% |
| GVAGranite Constr Inc | $175.5M | 4.1% | |
| James Hardie Inds PLCCUSIP G4253H101 | $149.9M | 3.5% | +1.8% |
| BABoeing Co | $134.6M | 3.1% | +12.7% |
| CXCemex Sa Euro Mtn Be 144a | $129.6M | 3.0% | |
| CTRICenturi Holdings Inc | $121.9M | 2.8% | |
| Crh PLCCUSIP G25508105 | $118.4M | 2.8% | +2.8% |
| ARRYArray Technologies Inc | $95.5M | 2.2% | |
| WMSAdvanced Drain Sys Inc Del | $75.3M | 1.8% | +29.7% |
| ATKRAtkore Inc | $55.1M | 1.3% | |
| LFUSLittelfuse Inc | $54.6M | 1.3% | New |
| BWABorgwarner Inc | $53.3M | 1.2% | New |
| CNMCore & Main Inc | $49.6M | 1.2% | +18.6% |
| ATSAts Corporation | $47.5M | 1.1% | |
| WOLFWolfspeed Inc | $45.1M | 1.1% | +5.6% |
| ENSEnersys | $44.4M | 1.0% | |
| TREXTrex Inc | $27.5M | 0.6% | |
| WBIWaterbridge Infrastructure L | $24.0M | 0.6% | |
| TFIITfi International Inc | $20.8M | 0.5% | |
| GTXGarrett Motion Inc | $18.1M | 0.4% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| DYDycom Inds Inc | December 31, 2020 | +569.5% | $510.5M |
| MTZMastec Inc | December 31, 2022 | +387.6% | $896.6M |
| WOLFWolfspeed Inc | March 31, 2026 | +195.6% | $45.1M |
| ENSEnersys | December 31, 2020 | +181.5% | $44.4M |
| GVAGranite Constr Inc | March 31, 2024 | +176.7% | $175.5M |
| STMStmicroelectronics N V | March 31, 2026 | +116.8% | $232.2M |
| Crh PLCCUSIP G25508105 | September 30, 2023 | +95.5% | $118.4M |
| TFIITfi International Inc | March 31, 2021 | +91.9% | $20.8M |
| CXCemex Sa Euro Mtn Be 144a | June 30, 2025 | +73.2% | $129.6M |
| CNMCore & Main Inc | June 30, 2023 | +54.0% | $49.6M |
Sold off last quarter
- EQPTEquipmentshare Com Inc was $15.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +26.6% | +14.8% |
| March 31, 2026 | +1.6% | −4.6% |
| December 31, 2025 | +9.2% | +2.4% |
| September 30, 2025 | +18.4% | +7.8% |
| June 30, 2025 | +24.2% | +10.5% |
| March 31, 2025 | −7.7% | −4.6% |
| December 31, 2024 | +2.1% | +2.1% |
| September 30, 2024 | +4.2% | +5.4% |
| June 30, 2024 | −5.1% | +4.0% |
| March 31, 2024 | +9.1% | +10.0% |
| December 31, 2023 | +23.1% | +11.2% |
| September 30, 2023 | −15.0% | −3.6% |
| June 30, 2023 | +12.6% | +8.3% |
| December 31, 2022 | +10.4% | +7.1% |
| September 30, 2022 | +7.8% | −5.3% |
| June 30, 2022 | −26.3% | −16.5% |
| March 31, 2022 | +7.0% | −4.9% |
| December 31, 2021 | +10.8% | +10.7% |
| September 30, 2021 | +3.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Hill City Capital, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1837343&type=13F-HR&dateb=&owner=include&count=40CIK 1837343
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1837343/000183734326000007/Filed August 17, 2026 · accession 0001837343-26-000007