SCHEDULE: Hill City Capital Reports 5.1% Stake in DPC Holdings PLC

Hill City Capital Master Fund LP and affiliated entities have reported beneficial ownership of 5.1% of DPC Holdings PLC's ordinary shares as of June 30, 2026.

Summary

• Hill City Capital Master Fund LP, along with its general partner and investment manager entities, and Herbert Frazier, have jointly filed a Schedule 13G.
• The filing indicates beneficial ownership of 7,693,605 ordinary shares of DPC Holdings PLC.
• This ownership represents 5.1% of the class of securities outstanding.
• The date of the event requiring this filing was June 30, 2026.
• The filing is based on 149,393,016 ordinary shares outstanding as of July 28, 2026, as reported in DPC Holdings PLC's Form 10-Q for the period ended June 28, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without disclosing new strategic or financial information.

Positives

• Significant investment by Hill City Capital, indicating confidence in DPC Holdings PLC's future prospects.
• Clear disclosure of beneficial ownership, promoting transparency for investors.

Negatives

• No new financial performance data or strategic updates are provided in this filing.
• The filing does not offer insights into the rationale behind the investment or future intentions.

Risks

• Potential for increased market volatility if Hill City Capital's stake is part of a larger activist strategy not yet disclosed.
• Dependence on the issuer's (DPC Holdings PLC) future performance and management decisions, which are not detailed here.

Future Outlook

This filing does not contain any forward-looking statements or guidance from the reporting persons regarding DPC Holdings PLC.

Management Comments

• The reporting persons are making this single, joint filing, and the agreement among the reporting persons to file jointly is attached hereto as Exhibit 1.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes. This filing indicates a substantial investment by Hill City Capital in DPC Holdings PLC, a move that could signal confidence or potential future engagement with the company's strategy.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership positively, potentially leading to greater scrutiny or strategic influence on the company.
• Management of DPC Holdings PLC: May need to engage with Hill City Capital regarding their investment thesis and future plans for the company.

Next Steps

• Monitor future filings from Hill City Capital and DPC Holdings PLC for any strategic developments or changes in ownership.
• Observe DPC Holdings PLC's performance and management actions following this disclosure.

Key Dates

Keywords

DPC Holdings PLC, Hill City Capital, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Fund, Cayman Islands, Delaware