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HC
Hourglass Capital Portfolio holdings
AUM
$508M
1-Year Est. Return
32.5%
This Fund
S&P 500
This Quarter
Est. Return
-1.35%
1 Year Est. Return
+32.5%
3 Year Est. Return
+89.61%
5 Year Est. Return
+121.03%
10 Year Est. Return
+312.1%
AUM
$367M
AUM Growth
-$61.8M
(-14%)
Cap. Flow
-$53.1M
Cap. Flow
% of AUM
-14.44%
Top 10 Holdings %
Top 10 Hldgs %
31.44%
Holding
138
New
4
Increased
31
Reduced
48
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SLGC
SomaLogic, Inc. Class A Common Stock
SLGC
|
+$2.37M |
| 2 |
Alight
ALIT
|
+$1.74M |
| 3 |
United Airlines
UAL
|
+$801K |
| 4 |
Delta Air Lines
DAL
|
+$443K |
| 5 |
Freeport-McMoran
FCX
|
+$384K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$6.58M |
| 2 |
RETA
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
|
+$3.09M |
| 3 |
WPF
Foley Trasimene Acquisition Corp.
WPF
|
+$3.05M |
| 4 |
CMIIU
CM Life Sciences II Inc. Unit
CMIIU
|
+$2.56M |
| 5 |
SLB Ltd
SLB
|
+$2.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.61% |
| 2 | Technology | 19.14% |
| 3 | Energy | 14.07% |
| 4 | Healthcare | 11.1% |
| 5 | Materials | 7.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Williams Companies
WMB
$87.5B
| $5.52M | 1.5% |
212,696
-30,489
| -13% | -$768K |
|
27
Chevron
CVX
$392B
| $5.3M | 1.44% |
52,270
-7,872
| -13% | -$785K |
|
28
Alibaba
BABA
$293B
| $5.22M | 1.42% |
35,290
-20
| -0.1% | -$3.64K |
|
29
IBM
IBM
$211B
| $5.2M | 1.42% |
39,150
-2,813
| -7% | -$376K |
|
30
Kinder Morgan
KMI
$71.7B
| $5.15M | 1.4% |
307,736
+13,300
| +5% | +$226K |
|
|
RDS.B
31
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $5.07M | 1.38% |
114,575
-250
| -0.2% | -$9.9K |
|
32
Paychex
PAYX
$41.6B
| $4.9M | 1.33% |
43,611
-7,680
| -15% | -$863K |
|
|
PBCT
33
DELISTED
People's United Financial Inc
PBCT
| $4.74M | 1.29% |
271,560
-34,049
| -11% | -$553K |
|
34
Eagle Materials
EXP
$6.29B
| $4.71M | 1.28% |
35,875
+120
| +0.3% | +$17.2K |
|
35
Valley National Bancorp
VLY
$7.9B
| $4.7M | 1.28% |
353,300
-39,300
| -10% | -$508K |
|
36
BHP
BHP
$215B
| $4.7M | 1.28% |
98,340
-2,829
| -3% | -$173K |
|
37
GSK
GSK
$104B
| $4.44M | 1.21% |
92,946
-10,332
| -10% | -$519K |
|
38
3M
MMM
$90.9B
| $4.41M | 1.2% |
30,044
-2,870
| -9% | -$465K |
|
|
PARA
39
DELISTED
Paramount Global Class B
PARA
| $4.38M | 1.19% |
110,763
+5,233
| +5% | +$213K |
|
40
Dow Inc
DOW
$21.9B
| $4.35M | 1.18% |
75,557
-5,470
| -7% | -$335K |
|
41
HP
HPQ
$24.9B
| $4.2M | 1.14% |
153,580
-15,895
| -9% | -$457K |
|
42
Qualcomm
QCOM
$155B
| $3.37M | 0.92% |
26,110
-2,750
| -10% | -$390K |
|
43
Main Street Capital
MAIN
$5.06B
| $3.19M | 0.87% |
77,700
-6,950
| -8% | -$289K |
|
44
Paysafe
PSFE
$414M
| $3.17M | 0.86% |
34,112
+1,667
| +5% | +$191K |
|
45
Uber
UBER
$143B
| $3.14M | 0.85% |
70,104
+2,000
| +3% | +$87.4K |
|
46
Berkshire Hathaway Class B
BRK.B
$1.1T
| $3.05M | 0.83% |
11,163
-10
| -0.1% | -$2.81K |
|
47
CoreCivic
CXW
$2.96B
| $2.82M | 0.77% |
317,220
-1,650
| -0.5% | -$16.1K |
|
|
SLGC
48
DELISTED
SomaLogic, Inc. Class A Common Stock
SLGC
| $2.6M | 0.71% |
+210,000
| New | +$2.37M |
|
|
CLR
49
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $2.44M | 0.66% |
52,920
+740
| +1% | +$27.9K |
|
50
Kirby Corp
KEX
$7.01B
| $2.26M | 0.61% |
47,070
+230
| +0.5% | +$12.8K |
|
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Hourglass Capital's Q3 2021 Portfolio in Review
As of Q3 2021, Hourglass Capital held 138 positions worth $367M, down 14% from $429M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Hourglass Capital withdrew a net $53.1M in Q3 2021, closing 35 positions and reducing 48 holdings. Its most notable exit was Reata Pharmaceuticals, Inc. Class A Common Stock, an estimated $3.09M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 20% a quarter earlier, followed by Technology and Energy.
Against the trend, Hourglass Capital opened a new position in SomaLogic, Inc. Class A Common Stock worth $2.6M.
- Hourglass Capital's largest Q3 2021 buy was SomaLogic, Inc. Class A Common Stock: 210,000 shares worth $2.6M.
- Hourglass Capital added most to United Airlines in Q3 2021, an estimated $801K increase.
- Hourglass Capital's biggest Q3 2021 reduction was Apple, cutting an estimated $6.58M.
- Hourglass Capital fully exited Reata Pharmaceuticals, Inc. Class A Common Stock in Q3 2021, selling an estimated $3.09M.
- Hourglass Capital's ten largest holdings make up 31% of its $367M portfolio in Q3 2021.
- Hourglass Capital opened 4 new positions and closed 35 in Q3 2021.
- Hourglass Capital's portfolio value fell 14% quarter-over-quarter to $367M.
Based on Hourglass Capital's 13F filing for Q3 2021, filed 12 Nov 2021.