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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
+2.68%
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
$600M
AUM Growth
-$25.3M
Cap. Flow
-$34.9M
Cap. Flow %
-5.82%
Top 10 Hldgs %
30.54%
Holding
133
New
17
Increased
27
Reduced
47
Closed
16

Top Buys

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$10.7M
2
CIE
Cobalt International Energy, Inc
CIE
+$9.44M
3
EWW icon
iShares MSCI Mexico ETF
EWW
+$8.55M
4
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$8.41M
5
ELV icon
Elevance Health
ELV
+$7.32M

Top Sells

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$12.8M
2
M icon
Macy's
M
+$7.82M
3
MS icon
Morgan Stanley
MS
+$7.15M
4
INTC icon
Intel
INTC
+$7M
5
RAIL icon
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
KO icon
76
Coca-Cola
KO
$381B
$1.86M 0.31%
48,245
-900
-2% -$34.8K
BTU
77
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
$1.66M 0.28%
6,769
+1,720
+34% +$436K
EPD icon
78
Enterprise Products Partners
EPD
$82.5B
$1.53M 0.26%
44,120
– –
VMW
79
DELISTED
VMware, Inc
VMW
$1.5M 0.25%
13,895
-5,550
-29% -$544K
IWF icon
80
iShares Russell 1000 Growth ETF
IWF
$120B
$945K 0.16%
43,660
-1,720
-4% -$36.9K
CVS icon
81
CVS Health
CVS
$134B
$867K 0.14%
11,584
– –
SPY icon
82
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$755K 0.13%
4,038
– –
DD
83
DELISTED
Du Pont De Nemours E I
DD
$694K 0.12%
10,899
+632
+6% +$38.7K
MMP
84
DELISTED
Magellan Midstream Partners, L.P.
MMP
$642K 0.11%
9,200
– –
MDY icon
85
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$628K 0.1%
2,505
– –
PG icon
86
Procter & Gamble
PG
$335B
$614K 0.1%
7,616
– –
BMY icon
87
Bristol-Myers Squibb
BMY
$132B
$606K 0.1%
11,666
+2,166
+23% +$115K
GM.WS.A
88
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
$602K 0.1%
24,254
– –
LO
89
DELISTED
LORILLARD INC COM STK
LO
$571K 0.1%
10,560
– –
SDY icon
90
State Street SPDR S&P Dividend ETF
SDY
$21.8B
$559K 0.09%
7,600
+100
+1% +$7.19K
FCX icon
91
Freeport-McMoran
FCX
$91.2B
$496K 0.08%
15,000
– –
DUK icon
92
Duke Energy
DUK
$98.4B
$434K 0.07%
6,091
– –
GM.WS.B
93
DELISTED
General Motors Company
GM.WS.B
$422K 0.07%
24,254
– –
MCD icon
94
McDonald's
MCD
$191B
$402K 0.07%
4,100
– –
PEP icon
95
PepsiCo
PEP
$191B
$386K 0.06%
4,623
+400
+9% +$32.5K
PAA icon
96
Plains All American Pipeline
PAA
$17.5B
$376K 0.06%
6,825
+2,225
+48% +$117K
CAG icon
97
Conagra Brands
CAG
$7.19B
$368K 0.06%
15,247
– –
AJG icon
98
Arthur J. Gallagher & Co
AJG
$65.9B
$353K 0.06%
7,410
-250
-3% -$11.7K
BP icon
99
BP
BP
$114B
$320K 0.05%
8,134
+2,853
+54% +$113K
UDR icon
100
UDR
UDR
$12.3B
$279K 0.05%
10,803
– –
1 2 3
4
5

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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.