Hourglass Capital Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGP
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
|
+$4.88M |
| 2 |
FLG
Flagstar Bank National Association
FLG
|
+$3.47M |
| 3 |
Dow Inc
DOW
|
+$3.27M |
| 4 |
Iron Mountain
IRM
|
+$2.47M |
| 5 |
PARA
Paramount Global Class B
PARA
|
+$2.41M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FITB
Fifth Third Bancorp
FITB
|
+$6.37M |
| 2 |
Pfizer
PFE
|
+$2.75M |
| 3 |
Broadcom
AVGO
|
+$2.23M |
| 4 |
Paychex
PAYX
|
+$1.98M |
| 5 |
Qualcomm
QCOM
|
+$1.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.5% |
| 2 | Financials | 17.41% |
| 3 | Energy | 15.74% |
| 4 | Healthcare | 11.82% |
| 5 | Materials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCTL
101
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
| $108K | 0.03% |
60,000
| – | – |
|
102
Alight
ALIT
$453M
| $100K | 0.03% |
505
-2,750
| -84% | -$541K |
|
103
Uranium Energy
UEC
$5.2B
| $46K | 0.01% |
10,000
| – | – |
|
104
Prudential Financial
PRU
$42.9B
| – | – |
-9,400
| Closed | -$1.02M |
|
|
TGNA
105
DELISTED
TEGNA Inc
TGNA
| – | – |
-44,440
| Closed | -$825K |
|
106
TotalEnergies
TTE
$189B
| – | – |
-12,000
| Closed | -$594K |
|
107
State Street Technology Select Sector SPDR ETF
XLK
$123B
| – | – |
-16,820
| Closed | -$1.46M |
|
|
RDS.B
108
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| – | – |
-5,510
| Closed | -$239K |
|
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Hourglass Capital's Q1 2022 Portfolio in Review
As of Q1 2022, Hourglass Capital held 108 positions worth $320M, up 7.2% from $299M the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Hourglass Capital deployed $13.8M of net new capital in Q1 2022, opening 8 new positions and adding to 48 existing holdings. Its largest new stake was MGM Growth Properties LLC Class A common shares representing limited liability company interests: 128,000 shares worth $4.95M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 22% a quarter earlier, followed by Financials and Energy.
On the sell side, the largest reduction was Fifth Third Bancorp, an estimated $6.37M trimmed.
- Hourglass Capital's largest Q1 2022 buy was MGM Growth Properties LLC Class A common shares representing limited liability company interests: 128,000 shares worth $4.95M.
- Hourglass Capital added most to Dow Inc in Q1 2022, an estimated $3.27M increase.
- Hourglass Capital's biggest Q1 2022 reduction was Fifth Third Bancorp, cutting an estimated $6.37M.
- Hourglass Capital fully exited State Street Technology Select Sector SPDR ETF in Q1 2022, selling an estimated $1.46M.
- Hourglass Capital's ten largest holdings make up 27% of its $320M portfolio in Q1 2022.
- Hourglass Capital opened 8 new positions and closed 5 in Q1 2022.
- Hourglass Capital's portfolio value rose 7.2% quarter-over-quarter to $320M.
Based on Hourglass Capital's 13F filing for Q1 2022, filed 4 May 2022.