Hill City Capital, LP

CIK 0001837343 · Q2 2026

13F Equity AUM

$4.3B

+53.0% QoQ

Positions

+5 QoQ

AUM Rank

#1,625

Top 13%

Skill Alpha (FF)

+9.4%/yr^ns

No Clear Edge

Rank #394 · Top 5%

vs S&P +7.4%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 61.6%Top 10: 79.9%Top 20: 96.6%

MTZ20.9%

FSLR14.5%

DY11.9%

DPC HOLDINGS PLC8.8%

STM5.4%

IP4.5%

GVA4.1%

JAMES HARDIE INDS PLC3.5%

BA3.1%

CX3.0%

Others (18)20.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials47.6%

Energy17.3%

Unclassified12.6%

Technology7.8%

Consumer Cyclical6.2%

Basic Materials5.8%

Utilities2.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 28Median: 1.52%Avg: 3.57%

0–0.5%

5(1.1%)

0.5–1%

2(1.2%)

1–3%

11(17.8%)

3–5%

5(18.3%)

5%+

5(61.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 28vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New6Increased10Decreased1Exited1

New Positions

DPC HOLDINGS PLC8.8%

+7.7M

LFUS1.3%

+120K

BWA1.2%

+802K

GTX0.4%

+500K

EROCK INC0.0%

+110K

SITE0.0%

+3K

Increased

IP4.5%

+900K(+21%)

STM5.4%

+800K(+35%)

FSLR14.5%

+451K(+21%)

CNM1.2%

+161K(+19%)

WMS1.8%

+110K(+30%)

JAMES HARDIE INDS PL…3.5%

+102K(+2%)

BA3.1%

+70K(+13%)

WOLF1.1%

+50K(+6%)

CRH.L2.8%

+30K(+3%)

GVA4.1%

+200(+0%)

Decreased

ATKR1.3%

-4,100(-1%)

Exited

EQUIPMENTSHARE COM I…

-750,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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