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HC
Hourglass Capital Portfolio holdings
AUM
$454M
1-Year Est. Return
32.9%
This Fund
S&P 500
This Quarter
Est. Return
+2.68%
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
$600M
AUM Growth
-$25.3M
(-4%)
Cap. Flow
-$34.9M
Cap. Flow
% of AUM
-5.82%
Top 10 Holdings %
Top 10 Hldgs %
30.54%
Holding
133
New
17
Increased
27
Reduced
47
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$10.7M |
| 2 |
CIE
Cobalt International Energy, Inc
CIE
|
+$9.44M |
| 3 |
iShares MSCI Mexico ETF
EWW
|
+$8.55M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$8.41M |
| 5 |
Elevance Health
ELV
|
+$7.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$12.8M |
| 2 |
Macy's
M
|
+$7.82M |
| 3 |
Morgan Stanley
MS
|
+$7.15M |
| 4 |
Intel
INTC
|
+$7M |
| 5 |
FreightCar America
RAIL
|
+$6.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 19.01% |
| 2 | Energy | 17.72% |
| 3 | Financials | 12.03% |
| 4 | Technology | 9.2% |
| 5 | Real Estate | 8.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Pfizer
PFE
$143B
| $4.81M | 0.8% |
157,899
-6,534
| -4% | -$195K |
|
52
Paychex
PAYX
$43.4B
| $4.68M | 0.78% |
109,875
-1,700
| -2% | -$72.1K |
|
53
Kinder Morgan
KMI
$70.9B
| $4.59M | 0.76% |
+141,200
| New | +$4.73M |
|
54
Waste Management
WM
$95B
| $4.44M | 0.74% |
105,545
-1,400
| -1% | -$58.7K |
|
|
PBCT
55
DELISTED
People's United Financial Inc
PBCT
| $4.31M | 0.72% |
289,660
+1,350
| +0.5% | +$19.6K |
|
56
AbbVie
ABBV
$465B
| $4.3M | 0.72% |
83,700
-1,100
| -1% | -$55.6K |
|
57
Johnson & Johnson
JNJ
$640B
| $4.24M | 0.71% |
43,115
-1,000
| -2% | -$92.7K |
|
58
Walmart Inc
WMT
$909B
| $3.85M | 0.64% |
151,248
+4,038
| +3% | +$101K |
|
59
Mattel
MAT
$4.47B
| $3.65M | 0.61% |
90,910
+1,550
| +2% | +$61.5K |
|
|
KRFT
60
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $3.58M | 0.6% |
63,731
+13,050
| +26% | +$709K |
|
61
SLB Ltd
SLB
$72.7B
| $3.47M | 0.58% |
35,605
-500
| -1% | -$45.2K |
|
|
BALT
62
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
| $3.46M | 0.58% |
+548,158
| New | +$3.47M |
|
|
ZNH
63
DELISTED
China Southern Airlines Company Limited
ZNH
| $3.39M | 0.57% |
+206,800
| New | +$3.61M |
|
64
Diana Shipping
DSX
$266M
| $3.27M | 0.55% |
+390,592
| New | +$3.42M |
|
65
Safe Bulkers
SB
$772M
| $3.25M | 0.54% |
+341,349
| New | +$3.39M |
|
|
PARA
66
DELISTED
Paramount Global Class B
PARA
| $3.23M | 0.54% |
52,305
-1,000
| -2% | -$63.1K |
|
|
CY
67
DELISTED
Cypress Semiconductor
CY
| $3.16M | 0.53% |
+307,300
| New | +$3.11M |
|
68
ExxonMobil
XOM
$650B
| $3.06M | 0.51% |
31,280
-800
| -2% | -$76.3K |
|
69
ConocoPhillips
COP
$144B
| $2.93M | 0.49% |
41,655
-1,300
| -3% | -$87K |
|
|
FITB
70
Fifth Third Bancorp
FITB
$51.3B
| $2.81M | 0.47% |
122,600
-6,500
| -5% | -$142K |
|
71
AT&T
T
$164B
| $2.46M | 0.41% |
93,032
-265
| -0.3% | -$6.65K |
|
72
Alphabet (Google) Class C
GOOG
$4.11T
| $2.45M | 0.41% |
88,410
-803
| -0.9% | -$23.4K |
|
73
American Express
AXP
$224B
| $2.26M | 0.38% |
25,062
-388
| -2% | -$34.7K |
|
74
Chevron
CVX
$382B
| $2.04M | 0.34% |
17,134
-1,372
| -7% | -$160K |
|
75
Colgate-Palmolive
CL
$74.8B
| $1.91M | 0.32% |
29,400
-300
| -1% | -$18.9K |
|
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Hourglass Capital's Q1 2014 Portfolio in Review
As of Q1 2014, Hourglass Capital held 133 positions worth $600M, down 4% from $625M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Hourglass Capital withdrew a net $34.9M in Q1 2014, closing 16 positions and reducing 47 holdings. Its most notable exit was Nuance Communications, Inc., an estimated $12.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 19% of assets, up from 15% a quarter earlier, followed by Energy and Financials.
Against the trend, Hourglass Capital opened a new position in iShares MSCI Emerging Markets ETF worth $11.2M.
- Hourglass Capital's largest Q1 2014 buy was iShares MSCI Emerging Markets ETF: 273,345 shares worth $11.2M.
- Hourglass Capital added most to Cobalt International Energy, Inc in Q1 2014, an estimated $9.44M increase.
- Hourglass Capital's biggest Q1 2014 reduction was Macy's, cutting an estimated $7.82M.
- Hourglass Capital fully exited Nuance Communications, Inc. in Q1 2014, selling an estimated $12.8M.
- Hourglass Capital's ten largest holdings make up 31% of its $600M portfolio in Q1 2014.
- Hourglass Capital opened 17 new positions and closed 16 in Q1 2014.
- Hourglass Capital's portfolio value fell 4% quarter-over-quarter to $600M.
Based on Hourglass Capital's 13F filing for Q1 2014, filed 6 May 2014.