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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 | |
|---|---|---|---|---|---|---|
126
Mondelez International
MDLZ
$78.8B
| – | – |
-3,527
| Closed | -$220K |
|
127
Merck
MRK
$318B
| – | – |
-6,113
| Closed | -$475K |
|
128
PepsiCo
PEP
$189B
| – | – |
-4,173
| Closed | -$618K |
|
129
Southern Company
SO
$107B
| – | – |
-3,900
| Closed | -$236K |
|
130
Target
TGT
$68B
| – | – |
-3,336
| Closed | -$806K |
|
131
UDR
UDR
$12.4B
| – | – |
-4,400
| Closed | -$216K |
|
132
Unilever
UL
$138B
| – | – |
-3,200
| Closed | -$211K |
|
133
Wells Fargo
WFC
$269B
| – | – |
-5,000
| Closed | -$226K |
|
134
W.R. Berkley
WRB
$26.5B
| – | – |
-7,088
| Closed | -$234K |
|
|
RETA
135
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| – | – |
-21,842
| Closed | -$3.09M |
|
|
MMP
136
DELISTED
Magellan Midstream Partners, L.P.
MMP
| – | – |
-9,200
| Closed | -$450K |
|
|
CMIIU
137
DELISTED
CM Life Sciences II Inc. Unit
CMIIU
| – | – |
-190,000
| Closed | -$2.56M |
|
|
WPF
138
DELISTED
Foley Trasimene Acquisition Corp.
WPF
| – | – |
-312,500
| Closed | -$3.05M |
|
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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.