Hill City Capital, L.P. 13F annual report
Hill City Capital, L.P. is an investment fund managing more than $1.39 trillion ran by Mike Richards. There are currently 24 companies in Mr. Richards’s portfolio. The largest investments include Mastec and Spirit Aerosystems Inc, together worth $437 billion.
$1.39 trillion Assets Under Management (AUM)
As of 7th August 2024, Hill City Capital, L.P.’s top holding is 2,130,000 shares of Mastec currently worth over $228 billion and making up 16.4% of the portfolio value.
Relative to the number of outstanding shares of Mastec, Hill City Capital, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 6,375,000 shares of Spirit Aerosystems Inc worth $210 billion, whose value grew 14.8% in the past six months.
The third-largest holding is Array Technologies worth $137 billion and the next is Dycom Inds Inc worth $112 billion, with 664,784 shares owned.
Currently, Hill City Capital, L.P.'s portfolio is worth at least $1.39 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Hill City Capital, L.P.
The Hill City Capital, L.P. office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Mike Richards serves as the Chief Financial Officer at Hill City Capital, L.P..
Recent trades
In the most recent 13F filing, Hill City Capital, L.P. revealed that it had opened a new position in
Landbridge and bought 1,000,000 shares worth $23.2 billion.
This means they effectively own approximately 0.1% of the company.
Landbridge makes up
61.1%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Spirit Aerosystems Inc by buying
450,000 additional shares.
This makes their stake in Spirit Aerosystems Inc total 6,375,000 shares worth $210 billion.
Spirit Aerosystems Inc soared 45.3% in the past year.
On the other hand, there are companies that Hill City Capital, L.P. is getting rid of from its portfolio.
Hill City Capital, L.P. closed its position in CSI Compressco LP on 14th August 2024.
It sold the previously owned 7,459,259 shares for $17.4 billion.
One of the largest hedge funds
The two most similar investment funds to Hill City Capital, L.P. are Smith Salley Wealth Management and Spruce House Investment Management. They manage $1.39 trillion and $1.39 trillion respectively.
Mike Richards investment strategy
Hill City Capital, L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Industrials — making up 47.0% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
21% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $11.8 billion.
The complete list of Hill City Capital, L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Mastec Inc. |
No change
2,130,000
|
$227,888,700,000 | 16.38% |
| Spirit Aerosystems Holdings Inc |
7.59%
6,375,000
|
$209,546,250,000 | 15.06% |
| Array Technologies, Inc. |
17.83%
13,315,335
|
$136,615,337,000 | 9.82% |
| Dycom Inds Inc |
3.10%
664,784
|
$112,188,948,000 | 8.06% |
| First Solar Inc |
No change
460,000
|
$103,711,600,000 | 7.45% |
| Triumph Group Inc. |
No change
5,951,437
|
$91,711,644,000 | 6.59% |
| CRH Plc |
No change
1,097,000
|
$82,253,060,000 | 5.91% |
| Enersys |
No change
657,500
|
$68,064,400,000 | 4.89% |
| Atkore Inc |
No change
460,909
|
$62,190,451,000 | 4.47% |
| Granite Constr Inc |
83.26%
930,498
|
$57,662,961,000 | 4.14% |
| Builders Firstsource Inc |
No change
300,000
|
$41,523,000,000 | 2.98% |
| Core Main Inc |
29.59%
774,200
|
$37,889,348,000 | 2.72% |
| Landbridge Company LLC. |
Opened
1,000,000
|
$23,150,000,000 | 1.66% |
| Sabre Corp |
No change
7,917,000
|
$21,138,390,000 | 1.52% |
| TFI International Inc |
No change
145,000
|
$21,048,200,000 | 1.51% |
| CSI Compressco LP |
Closed
7,459,259
|
$17,380,073,000 | |
| International Paper Co. |
Opened
400,000
|
$17,260,000,000 | 1.24% |
| 3M Co. |
Opened
150,000
|
$15,328,500,000 | 1.10% |
| WEX Inc |
No change
85,000
|
$15,056,900,000 | 1.08% |
| RH |
No change
60,255
|
$14,728,732,000 | 1.06% |
| XPO Inc |
No change
100,000
|
$10,615,000,000 | 0.76% |
| Masonite Intl Corp |
Closed
80,000
|
$10,516,000,000 | |
| Janus International Group In |
0.62%
812,721
|
$10,264,666,000 | 0.74% |
| Rogers Corp. |
No change
80,000
|
$9,648,800,000 | 0.69% |
| Ul Solutions Inc |
Opened
30,000
|
$1,265,700,000 | 0.09% |
| Xometry Inc |
Closed
55,000
|
$928,950,000 | |
| Loar Holdings Inc |
Opened
15,000
|
$801,150,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 27 holdings | |||
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