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HC

Hourglass Capital Portfolio holdings

AUM $480M
1-Year Est. Return 32.35%
This Fund
S&P 500
This Quarter Est. Return
+5.45%
1 Year Est. Return
+32.35%
3 Year Est. Return
+81.07%
5 Year Est. Return
+116.38%
10 Year Est. Return
+280.27%
AUM
$688M
AUM Growth
+$87.9M
Cap. Flow
+$57.6M
Cap. Flow %
8.37%
Top 10 Hldgs %
41.55%
Holding
124
New
7
Increased
25
Reduced
46
Closed
6

Top Buys

Rank Stock Value
1
OUT icon
Outfront Media
OUT
+$6.4M
2
GILD icon
Gilead Sciences
GILD
+$5.46M
3
NCMI icon
National CineMedia
NCMI
+$3.86M
4
ANR
Alpha Natural Resources Inc
ANR
+$3.57M
5
ESV
Ensco Rowan plc
ESV
+$3.15M

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$11.2M
2
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$9.22M
3
EWW icon
iShares MSCI Mexico ETF
EWW
+$8.73M
4
WIN
Windstream Holdings Inc
WIN
+$7.59M
5
MCHP icon
Microchip Technology
MCHP
+$5.72M

Sector Composition

Rank Sector Weight
1 Industrials 17.14%
2 Energy 15.8%
3 Financials 10.29%
4 Consumer Discretionary 7.71%
5 Real Estate 7.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTG
26
DELISTED
VANTAGE DRILLING COMPANY ORD SHS (KY)
VTG
$7.86M 1.14%
4,094,998
+681,550
+20% +$1.18M
CSCO icon
27
Cisco
CSCO
$450B
$7.74M 1.13%
311,580
-18,640
-6% -$444K
ELV icon
28
Elevance Health
ELV
$81.9B
$7.51M 1.09%
69,763
-11,219
-14% -$1.16M
LMT icon
29
Lockheed Martin
LMT
$134B
$7.29M 1.06%
45,355
-10
-0% -$1.63K
RDS.B
30
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$7.17M 1.04%
82,364
+830
+1% +$69K
ORCL icon
31
Oracle
ORCL
$331B
$7.01M 1.02%
172,955
-11,750
-6% -$483K
MRK icon
32
Merck
MRK
$324B
$6.86M 1%
124,267
-1,886
-1% -$103K
LEG icon
33
Leggett & Platt
LEG
$1.52B
$6.77M 0.98%
197,505
+80
+0% +$2.67K
BRK.B icon
34
Berkshire Hathaway Class B
BRK.B
$1.07T
$6.69M 0.97%
52,837
-4,280
-7% -$542K
OUT icon
35
Outfront Media
OUT
$5.64B
$6.64M 0.97%
+271,597
New +$6.4M
ZBH icon
36
Zimmer Biomet
ZBH
$17.7B
$6.54M 0.95%
64,902
-6,685
-9% -$652K
CY
37
DELISTED
Cypress Semiconductor
CY
$6.52M 0.95%
597,300
+290,000
+94% +$2.94M
M icon
38
Macy's
M
$6.15B
$6.4M 0.93%
110,259
-5,100
-4% -$296K
GS icon
39
Goldman Sachs
GS
$313B
$6.33M 0.92%
37,830
-2,042
-5% -$330K
WIN
40
DELISTED
Windstream Holdings Inc
WIN
$6.3M 0.92%
80,739
-104,158
-56% -$7.59M
EPE
41
DELISTED
EP Energy Corporation
EPE
$6.29M 0.92%
273,100
– –
PM icon
42
Philip Morris
PM
$301B
$6.28M 0.91%
74,528
– –
FLG
43
Flagstar Bank National Association
FLG
$5.77B
$6.24M 0.91%
130,155
+1,600
+1% +$75.1K
CLF icon
44
Cleveland-Cliffs
CLF
$6.81B
$6.16M 0.9%
409,281
-68,155
-14% -$1.15M
DINO icon
45
HF Sinclair
DINO
$15.9B
$6.08M 0.88%
139,270
+1,000
+0.7% +$49.1K
CPRI icon
46
Capri Holdings
CPRI
$1.77B
$6.01M 0.87%
67,778
– –
FHI icon
47
Federated Hermes
FHI
$4.4B
$5.88M 0.85%
190,140
-50
-0% -$1.45K
GILD icon
48
Gilead Sciences
GILD
$161B
$5.82M 0.85%
+70,180
New +$5.46M
KMI icon
49
Kinder Morgan
KMI
$73.1B
$5.13M 0.75%
141,600
+400
+0.3% +$13.5K
NETI
50
DELISTED
Eneti Inc.
NETI
$4.86M 0.71%
4,897
+612
+14% +$622K
1
2
3 4 5

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Hourglass Capital's Q2 2014 Portfolio in Review

As of Q2 2014, Hourglass Capital held 124 positions worth $688M, up 15% from $600M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Hourglass Capital deployed $57.6M of net new capital in Q2 2014, opening 7 new positions and adding to 25 existing holdings. Its largest new stake was Outfront Media: 271,597 shares worth $6.64M.

By sector, the portfolio is most concentrated in Industrials at 17% of assets, down from 19% a quarter earlier, followed by Energy and Financials.

On the sell side, the largest reduction was Windstream Holdings Inc, an estimated $7.59M trimmed.

  • Hourglass Capital's largest Q2 2014 buy was Outfront Media: 271,597 shares worth $6.64M.
  • Hourglass Capital added most to Alpha Natural Resources Inc in Q2 2014, an estimated $3.57M increase.
  • Hourglass Capital's biggest Q2 2014 reduction was Windstream Holdings Inc, cutting an estimated $7.59M.
  • Hourglass Capital fully exited iShares MSCI Emerging Markets ETF in Q2 2014, selling an estimated $11.2M.
  • Hourglass Capital's ten largest holdings make up 42% of its $688M portfolio in Q2 2014.
  • Hourglass Capital opened 7 new positions and closed 6 in Q2 2014.
  • Hourglass Capital's portfolio value rose 15% quarter-over-quarter to $688M.

Based on Hourglass Capital's 13F filing for Q2 2014, filed 12 Aug 2014.