Hill City Capital Lp
- Regulatory AUM
- $4.9B
- Discretionary
- $4.9B
- Clients
- 6
- Avg AUM / client
- $811M
- Accounts
- 6
- Employees
- 7
AUM over time
Annual snapshots from Form ADV filings · as of Apr 08, 2026
Investments (13F portfolio — 23 positions, $2,799,187,967)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Mastec Inc | COM | $693,349,700 | 2,155,000 | 24.8% | 14.3% |
| 2 | First Solar Inc | COM | $429,541,540 | 2,177,540 | 15.3% | 8.83% |
| 3 | Dycom Inds Inc | COM | $342,135,015 | 1,009,784 | 12.2% | 7.03% |
| 4 | International Paper Co | COM | $149,940,000 | 4,200,000 | 5.36% | 3.08% |
| 5 | Granite Constr Inc | COM | $133,072,554 | 1,110,048 | 4.75% | 2.74% |
| 6 | Cemex Sa Euro Mtn Be 144 A | SPON ADR NEW | $123,583,460 | 10,802,750 | 4.42% | 2.54% |
| 7 | Centuri Holdings Inc | COM SHS | $117,716,300 | 4,030,000 | 4.21% | 2.42% |
| 8 | Crh Plc | ORD | $113,151,168 | 1,076,400 | 4.04% | 2.33% |
| 9 | Boeing Co | COM | $109,761,661 | 551,483 | 3.92% | 2.26% |
| 10 | James Hardie Inds Plc | ORD SHS | $106,474,998 | 5,621,700 | 3.8% | 2.19% |
| 11 | Array Technologies Inc | COM SHS | $93,204,099 | 12,891,300 | 3.33% | 1.92% |
| 12 | Stmicroelectronics N V | NY REGISTRY | $79,465,000 | 2,300,000 | 2.84% | 1.63% |
| 13 | Advanced Drain Sys Inc Del | COM | $50,738,100 | 370,000 | 1.81% | 1.04% |
| 14 | Ats Corp | COM | $46,525,967 | 1,649,857 | 1.66% | 0.96% |
| 15 | Atkore Inc | COM | $42,898,615 | 728,206 | 1.53% | 0.88% |
| 16 | Core & Main Inc | CL A | $42,859,440 | 867,600 | 1.53% | 0.88% |
| 17 | Enersys | COM | $33,006,800 | 190,000 | 1.18% | 0.68% |
| 18 | Trex Inc | COM | $20,031,000 | 550,000 | 0.72% | 0.41% |
| 19 | Waterbridge Infrastructure L | CL A SHS REPSTG | $18,753,000 | 700,000 | 0.67% | 0.39% |
| 20 | Tfi Intl Inc | COM | $15,751,350 | 145,000 | 0.56% | 0.32% |
| 21 | Equipmentshare Com Inc | COM CL A | $15,277,500 | 750,000 | 0.55% | 0.31% |
| 22 | Wolfspeed Inc | COMMON STOCK | $14,443,200 | 885,000 | 0.52% | 0.3% |
| 23 | Solv Energy Inc | COM SHS CL A | $7,507,500 | 250,000 | 0.27% | 0.15% |
Top 25 of 23 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 6 | $4.9B | 100.0% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.8B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Hill City Capital Master Fund Lp master | Hedge Fund | Cayman Islands | $1.6B | 100 |
| Hill City Fund I Llc master | Private Equity Fund | Delaware | $224M | 25 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Frazier, Herbert, Anselem | Chief Investment Officer/ Limited Partner/ Managing Partner | Oct 2019 (7y) | 75% or more | |
| Richards, Michael, Tate | Chief Compliance Officer/ Chief Financial Officer | Oct 2019 (7y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Hill City Gp Llc | General Partner | Oct 2019 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $1.8B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Hill City Capital Master Fund Lp | Hedge Fund | $1.6B | $5.0M | 100 |
| Hill City Fund I Llc | Private Equity Fund | $224M | $5.0M | 25 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/08/2026 | 1.48 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 08, 2026.
View current Form ADV (SEC/IAPD) ↗