SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Hill City Capital, LP

CIK 0001837343 · 121 HIGH STREET, 3RD FLOOR, BOSTON, MA, 02110 · (508) 524-6440

Reported Value
$2.6B
Q4 2025
Positions
23
Filings on Record
23
2019–present window
Filed
Feb 13, 2026
original filing

Summary

Hill City Capital, Lp reported $2.6B in U.S.-listed holdings across 23 positions for Q4 2025.

The portfolio is heavily concentrated: FSLR alone accounts for 20.6% of reported value.

Compared with Q3 2025, the fund opened 2 new positions and exited 1.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $184MQ4 ’20Q1 ’21: $241MQ2 ’21: $330MQ3 ’21: $394MQ3 ’21Q4 ’21: $439MQ1 ’22: $524MQ2 ’22: $434MQ2 ’22Q3 ’22: $500MQ4 ’22: $574.4BQ1 ’23: $509MQ1 ’23Q2 ’23: $654MQ3 ’23: $745MQ4 ’23: $1.1BQ4 ’23Q1 ’24: $1.4BQ2 ’24: $1.4BQ3 ’24: $1.5BQ3 ’24Q4 ’24: $1.6BQ1 ’25: $1.3BQ2 ’25: $2.0BQ2 ’25Q3 ’25: $2.4BQ4 ’25: $2.6BQ1 ’26: $2.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 86.4%Other: 8.9%ADR: 4.7%
  • Common Stock · 86.4% · $2.3B
  • Other · 8.9% · $237M
  • ADR · 4.7% · $124M

Quarter-over-Quarter Changes full breakdown →

Holdings — Q4 2025

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#IssuerClass% PortfolioValue ↓Shares

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.8B23May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.6B23Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.4B22Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.0B20Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.3B17May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.6B19Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.5B22Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.4B24Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.4B22May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.1B20Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$745M21Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$654M20Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$509M23May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$574.4B23Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$500M21Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$434M21Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$524M23May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$439M19Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$394M24Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$330M18Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$241M17May 17, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2020$184M18Feb 16, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.