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Hourglass Capital Portfolio holdings

AUM $454M
1-Year Est. Return 32.9%
This Fund
S&P 500
This Quarter Est. Return
+4.49%
1 Year Est. Return
+32.9%
3 Year Est. Return
+90.18%
5 Year Est. Return
+121.7%
10 Year Est. Return
+313.34%
AUM
$386M
AUM Growth
-$13.3M
Cap. Flow
-$26.2M
Cap. Flow %
-6.79%
Top 10 Hldgs %
30.08%
Holding
123
New
7
Increased
20
Reduced
54
Closed
1

Top Buys

Rank Stock Value
1
FHI icon
Federated Hermes
FHI
+$2.78M
2
CXW icon
CoreCivic
CXW
+$2.37M
3
AAL icon
American Airlines Group
AAL
+$1.81M
4
PAA icon
Plains All American Pipeline
PAA
+$272K
5
TNL icon
Travel + Leisure Co
TNL
+$270K

Top Sells

Rank Stock Value
1
F icon
Ford
F
+$3.31M
2
ESV
Ensco Rowan plc
ESV
+$2.38M
3
UAL icon
United Airlines
UAL
+$2.28M
4
NETI
Eneti Inc.
NETI
+$2.21M
5
BP icon
BP
BP
+$2.15M

Sector Composition

Rank Sector Weight
1 Technology 18.78%
2 Energy 17.4%
3 Financials 15.38%
4 Communication Services 9.49%
5 Real Estate 7.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAYX icon
26
Paychex
PAYX
$43.4B
$6.14M 1.59%
83,354
-7,800
-9% -$561K
GSK icon
27
GSK
GSK
$107B
$6.03M 1.56%
120,179
-11,500
-9% -$584K
GM icon
28
General Motors
GM
$80.9B
$6.01M 1.56%
178,432
-12,260
-6% -$452K
FHI icon
29
Federated Hermes
FHI
$4.56B
$5.96M 1.55%
247,290
+118,200
+92% +$2.78M
BHP icon
30
BHP
BHP
$211B
$5.96M 1.55%
134,094
-14,618
-10% -$633K
BKR icon
31
Baker Hughes
BKR
$58.3B
$5.92M 1.54%
175,052
-1,100
-0.6% -$36.4K
PARA
32
DELISTED
Paramount Global Class B
PARA
$5.7M 1.48%
99,165
+50
+0.1% +$2.76K
GOOGL icon
33
Alphabet (Google) Class A
GOOGL
$4.12T
$5.51M 1.43%
91,240
+860
+1% +$52.1K
PM icon
34
Philip Morris
PM
$309B
$5.36M 1.39%
65,773
-4,950
-7% -$406K
NETI
35
DELISTED
Eneti Inc.
NETI
$5.33M 1.38%
79,086
-33,894
-30% -$2.21M
DD icon
36
DuPont de Nemours
DD
$18.6B
$5.12M 1.33%
31,438
+335
+1% +$57.6K
FLG
37
Flagstar Bank National Association
FLG
$5.87B
$5.09M 1.32%
163,489
-20,183
-11% -$661K
OUT icon
38
Outfront Media
OUT
$5.75B
$4.89M 1.27%
249,056
-21,713
-8% -$432K
VLY icon
39
Valley National Bancorp
VLY
$7.9B
$4.69M 1.22%
416,710
-46,220
-10% -$558K
UAL icon
40
United Airlines
UAL
$38.8B
$4.53M 1.18%
50,891
-27,600
-35% -$2.28M
ABBV icon
41
AbbVie
ABBV
$465B
$4.35M 1.13%
45,950
+350
+0.8% +$33.2K
CVX icon
42
Chevron
CVX
$382B
$3.73M 0.97%
30,476
-330
-1% -$40K
DAL icon
43
Delta Air Lines
DAL
$56.7B
$3.56M 0.92%
61,575
-24,300
-28% -$1.34M
UNIT
44
Uniti Group
UNIT
$2.52B
$3.56M 0.92%
176,582
-18,300
-9% -$362K
VZ icon
45
Verizon
VZ
$197B
$3.53M 0.92%
66,149
-390
-0.6% -$20.6K
EXP icon
46
Eagle Materials
EXP
$6.49B
$3.29M 0.85%
38,620
-1,490
-4% -$145K
JNJ icon
47
Johnson & Johnson
JNJ
$640B
$2.88M 0.75%
20,863
-85
-0.4% -$11.3K
BRK.B icon
48
Berkshire Hathaway Class B
BRK.B
$1.1T
$2.47M 0.64%
11,540
+30
+0.3% +$6.16K
CXW icon
49
CoreCivic
CXW
$2.94B
$2.31M 0.6%
+94,720
New +$2.37M
BAC icon
50
Bank of America
BAC
$429B
$2M 0.52%
67,900
-40,000
-37% -$1.22M
1
2
3 4 5

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Hourglass Capital's Q3 2018 Portfolio in Review

As of Q3 2018, Hourglass Capital held 123 positions worth $386M, down 3.3% from $399M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Hourglass Capital withdrew a net $26.2M in Q3 2018, closing 1 position and reducing 54 holdings. Its most notable exit was Unilever NV New York Registry Shares, an estimated $201K position sold in full.

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

Against the trend, Hourglass Capital opened a new position in CoreCivic worth $2.31M.

  • Hourglass Capital's largest Q3 2018 buy was CoreCivic: 94,720 shares worth $2.31M.
  • Hourglass Capital added most to Federated Hermes in Q3 2018, an estimated $2.78M increase.
  • Hourglass Capital's biggest Q3 2018 reduction was Ford, cutting an estimated $3.31M.
  • Hourglass Capital fully exited Unilever NV New York Registry Shares in Q3 2018, selling an estimated $201K.
  • Hourglass Capital's ten largest holdings make up 30% of its $386M portfolio in Q3 2018.
  • Hourglass Capital opened 7 new positions and closed 1 in Q3 2018.
  • Hourglass Capital's portfolio value fell 3.3% quarter-over-quarter to $386M.

Based on Hourglass Capital's 13F filing for Q3 2018, filed 9 Nov 2018.