Hill City Capital, LP — INTERNATIONAL PAPER CO IP: Quarterly 13F Position History
Hill City Capital, LP has reported INTERNATIONAL PAPER CO (IP) on 8 13F-HR filings in Pactolio's tracked window, first appearing in Q2 2024. As of Q1 2026, the position is sized at 4,200,000 shares ($149.9M market value, 5.36% of the equity book). Quarter-over-quarter share count change: + 1,770,000 (+72.8%) .
- 4,200,000Shares Held (Latest Filing)
- $149.9MReported Market Value (Latest Filing)
- 5.36%Portfolio Weight (% of 13F Equity Book)
- +1,770,000Quarter-over-Quarter Share Change
- +$54.2MQuarter-over-Quarter Value Change
- 4,200,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 8 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 4,200,000 | +1,770,000 | +72.8% | $149.9M | 5.36% | $35.70 |
| Q4 2025 | 2,430,000 | +400,000 | +19.7% | $95.7M | 3.61% | $39.39 |
| Q3 2025 | 2,030,000 | +100,000 | +5.2% | $94.2M | 3.98% | $46.40 |
| Q2 2025 | 1,930,000 | +130,000 | +7.2% | $90.4M | 4.86% | $46.83 |
| Q1 2025 | 1,800,000 | +250,000 | +16.1% | $96.0M | 7.15% | $53.35 |
| Q4 2024 | 1,550,000 | 0 | — | $83.4M | 5.34% | $53.82 |
| Q3 2024 | 1,550,000 | +1,150,000 | +287.5% | $75.7M | 5.00% | $48.85 |
| Q2 2024 | 400,000 | — | — | $17.3M | 1.24% | $43.15 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Hill City Capital, LP first disclose a IP position in 13F-HR filings?
Hill City Capital, LP first reported INTERNATIONAL PAPER CO (IP) on its 13F-HR filing for the period ending 2024-06-30 (Q2 2024). The position has appeared on 8 reported quarters within Pactolio's tracked window.
What was Hill City Capital, LP's most recent quarter-over-quarter share-count change in IP?
Between Q4 2025 and Q1 2026, Hill City Capital, LP added 1,770,000 shares of IP (+72.8%), bringing the total reported position to 4,200,000 shares at a market value of $149.9M.
Does the implied price-per-share represent Hill City Capital, LP's cost basis in IP?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.