Hill City Capital, LP 13F: Quarter-over-Quarter Portfolio Changes
Hill City Capital, LP reported a disclosed portfolio value of approximately $3.9 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 39.9% quarter on quarter. Over the quarter, the fund initiated 6 new positions, bought more shares in 10 holdings, trimmed 1 holding, and exited 1 position.
Hill City Capital, LP's top buy was Stmicroelectronics NV (STM) . The fund bought 34.8% more shares, lifting the position's portfolio weight by 3.1 percentage points. Its top sell was Equipmentshare Com INC (EQPT) . The fund exited the position completely after it had accounted for 0.5% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| LITTELFUSE INC | LFUS | 1.4% | Holders → |
| BORGWARNER INC | BWA | 1.4% | Holders → |
| GARRETT MOTION INC | GTX | 0.5% | Holders → |
| DPC HOLDINGS PLC | DPC | 0.3% | Holders → |
| EROCK INC | EROC | 0.0% | Holders → |
| SITEONE LANDSCAPE SUPPLY INC | SITE | 0.0% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| STMICROELECTRONICS NV | STM | +3.1% | +34.8% | History → |
| ADVANCED DRA SYS | WMS | +0.1% | +29.7% | Holders → |
| INTERNATIONAL PAPER CO | IP | +-0.4% | +21.4% | History → |
| FIRST SOLAR INC | FSLR | +0.5% | +20.7% | History → |
| CORE & MAIN INC | CNM | +-0.3% | +18.6% | Holders → |
| BOEING CO | BA | +-0.5% | +12.7% | History → |
| WOLFSPEED INC | WOLF | +0.6% | +5.6% | Holders → |
| CRH PLC | CRH | +-1.0% | +2.8% | Holders → |
| JAMES HARDIE INDS PLC | JHX | +0.0% | +1.8% | History → |
| GRANITE CONSTR INC | GVA | +-0.3% | +0.0% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| ATKORE INC | ATKR | -0.1% | 0.6% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| EQUIPMENTSHARE COM INC | EQPT | 0.5% |
Net Portfolio Value ChangeQ2 2026
- $2.8BPrior quarter
- $3.9BCurrent quarter
- +$1.1BNet delta
- +39.9%% change
Methodology & FAQ
How Hill City Capital, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Hill City Capital, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Hill City Capital, LP buy in Q2 2026?
In Q2 2026, Hill City Capital, LP initiated 6 new positions (LITTELFUSE INC (LFUS), BORGWARNER INC (BWA), GARRETT MOTION INC (GTX), DPC HOLDINGS PLC (DPC), EROCK INC (EROC), SITEONE LANDSCAPE SUPPLY INC (SITE)); bought more shares of STMICROELECTRONICS NV (STM), ADVANCED DRA SYS (WMS), INTERNATIONAL PAPER CO (IP), FIRST SOLAR INC (FSLR), CORE & MAIN INC (CNM) (the largest 5 of 10 adds).
What stocks did Hill City Capital, LP sell in Q2 2026?
In Q2 2026, Hill City Capital, LP fully sold 1 position (EQUIPMENTSHARE COM INC (EQPT)); reduced holdings in ATKORE INC (ATKR).
Which positions did Hill City Capital, LP initiate in Q2 2026?
Hill City Capital, LP established 6 new positions in Q2 2026: LITTELFUSE INC (LFUS, 1.4%), BORGWARNER INC (BWA, 1.4%), GARRETT MOTION INC (GTX, 0.5%), DPC HOLDINGS PLC (DPC, 0.3%), EROCK INC (EROC, 0.0%), SITEONE LANDSCAPE SUPPLY INC (SITE, 0.0%).
Which existing positions saw the largest allocation increases for Hill City Capital, LP in Q2 2026?
Of 10 existing positions with share-count increases in Q2 2026, the largest were: STMICROELECTRONICS NV (STM, +3.1% weight, +34.8% shares), ADVANCED DRA SYS (WMS, +0.1% weight, +29.7% shares), INTERNATIONAL PAPER CO (IP, +-0.4% weight, +21.4% shares), FIRST SOLAR INC (FSLR, +0.5% weight, +20.7% shares), CORE & MAIN INC (CNM, +-0.3% weight, +18.6% shares), BOEING CO (BA, +-0.5% weight, +12.7% shares), WOLFSPEED INC (WOLF, +0.6% weight, +5.6% shares), CRH PLC (CRH, +-1.0% weight, +2.8% shares), JAMES HARDIE INDS PLC (JHX, +0.0% weight, +1.8% shares), GRANITE CONSTR INC (GVA, +-0.3% weight, +0.0% shares).
Which positions did Hill City Capital, LP fully exit in Q2 2026?
Hill City Capital, LP fully exited 1 position in Q2 2026: EQUIPMENTSHARE COM INC (EQPT, last-reported weight 0.5%).
Which existing positions saw the largest allocation reductions for Hill City Capital, LP in Q2 2026?
Of 1 existing position with share-count reductions in Q2 2026, the largest were: ATKORE INC (ATKR, -0.1% weight, -0.6% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.