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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
+2.83%
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
$277M
AUM Growth
-$6.8M
(-2.4%)
Cap. Flow
-$12.6M
Cap. Flow
% of AUM
-4.56%
Top 10 Holdings %
Top 10 Hldgs %
28.57%
Holding
106
New
5
Increased
20
Reduced
47
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Newmont
NEM
|
+$4.14M |
| 2 |
Sysco
SYY
|
+$1.92M |
| 3 |
ARCH
Arch Resources, Inc.
ARCH
|
+$438K |
| 4 |
JPMorgan Equity Premium Income ETF
JEPI
|
+$380K |
| 5 |
Outfront Media
OUT
|
+$278K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eagle Materials
EXP
|
+$2.93M |
| 2 |
Federated Hermes
FHI
|
+$2.76M |
| 3 |
Intel
INTC
|
+$2.05M |
| 4 |
Apple
AAPL
|
+$1.58M |
| 5 |
O-I Glass
OI
|
+$1.43M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 18.24% |
| 2 | Financials | 17.35% |
| 3 | Technology | 16.13% |
| 4 | Healthcare | 10.04% |
| 5 | Materials | 9.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
ConocoPhillips
COP
$141B
| – | – |
-2,050
| Closed | -$242K |
|
102
CVS Health
CVS
$127B
| – | – |
-12,480
| Closed | -$1.16M |
|
103
Honeywell
HON
$78.8B
| – | – |
-1,089
| Closed | -$220K |
|
104
Paychex
PAYX
$41.9B
| – | – |
-8,465
| Closed | -$978K |
|
105
Tapestry
TPR
$32.1B
| – | – |
-15,800
| Closed | -$602K |
|
106
Zoom
ZM
$29.3B
| – | – |
-11,940
| Closed | -$809K |
|
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Hourglass Capital's Q1 2023 Portfolio in Review
As of Q1 2023, Hourglass Capital held 106 positions worth $277M, down 2.4% from $284M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Hourglass Capital withdrew a net $12.6M in Q1 2023, closing 6 positions and reducing 47 holdings. Its most notable exit was CVS Health, an estimated $1.16M position sold in full.
By sector, the portfolio is most concentrated in Energy at 18% of assets, down from 19% a quarter earlier, followed by Financials and Technology.
Against the trend, Hourglass Capital opened a new position in Newmont worth $4.18M.
- Hourglass Capital's largest Q1 2023 buy was Newmont: 85,340 shares worth $4.18M.
- Hourglass Capital added most to Sysco in Q1 2023, an estimated $1.92M increase.
- Hourglass Capital's biggest Q1 2023 reduction was Eagle Materials, cutting an estimated $2.93M.
- Hourglass Capital fully exited CVS Health in Q1 2023, selling an estimated $1.16M.
- Hourglass Capital's ten largest holdings make up 29% of its $277M portfolio in Q1 2023.
- Hourglass Capital opened 5 new positions and closed 6 in Q1 2023.
- Hourglass Capital's portfolio value fell 2.4% quarter-over-quarter to $277M.
Based on Hourglass Capital's 13F filing for Q1 2023, filed 28 Apr 2023.