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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
+5.45%
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
$573M
AUM Growth
+$29M
Cap. Flow
-$32.7M
Cap. Flow %
-5.71%
Top 10 Hldgs %
33.44%
Holding
122
New
10
Increased
40
Reduced
29
Closed
6

Top Buys

Rank Stock Value
1
CPRI icon
Capri Holdings
CPRI
+$7.28M
2
NUAN
Nuance Communications, Inc.
NUAN
+$5.35M
3
SIX
Six Flags Entertainment Corp.
SIX
+$3.46M
4
KIM icon
Kimco Realty
KIM
+$3.15M
5
DINO icon
HF Sinclair
DINO
+$3.12M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$13.5M
2
BZ
BOISE INC COM STK (DE)
BZ
+$12M
3
DAL icon
Delta Air Lines
DAL
+$7.27M
4
NUE icon
Nucor
NUE
+$4.96M
5
LCC
US AIRWAYS GROUP INC.
LCC
+$4.86M

Sector Composition

Rank Sector Weight
1 Industrials 15.37%
2 Energy 14.9%
3 Financials 14.42%
4 Miscellaneous 11.33%
5 Technology 10.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OXY icon
1
CALL
Occidental Petroleum
OXY
$61.4B
$25.9M 4.52%
+288,708
New +$24.8M
LCC
2
DELISTED
US AIRWAYS GROUP INC.
LCC
$22.3M 3.89%
1,176,350
-274,510
-19% -$4.86M
C icon
3
Citigroup
C
$229B
$21M 3.67%
432,767
+350
+0.1% +$17.7K
MS icon
4
Morgan Stanley
MS
$338B
$20.8M 3.64%
772,505
+410
+0.1% +$11K
INTC icon
5
Intel
INTC
$540B
$20.3M 3.55%
886,512
+1,370
+0.2% +$31.6K
ESV
6
DELISTED
Ensco Rowan plc
ESV
$18.7M 3.27%
87,197
+80
+0.1% +$18.3K
ANR
7
DELISTED
Alpha Natural Resources Inc
ANR
$16.6M 2.91%
2,792,105
-1,350
-0% -$7.92K
DAL icon
8
Delta Air Lines
DAL
$51.9B
$16.5M 2.88%
699,000
-348,900
-33% -$7.27M
UAL icon
9
United Airlines
UAL
$35.4B
$14.8M 2.59%
482,825
-5,820
-1% -$187K
RAIL icon
10
FreightCar America
RAIL
$239M
$14.5M 2.53%
701,370
-140,590
-17% -$2.6M
WIN
11
DELISTED
Windstream Holdings Inc
WIN
$14.3M 2.49%
228,176
+37,084
+19% +$2.39M
M icon
12
Macy's
M
$5.96B
$11.2M 1.96%
258,864
+520
+0.2% +$24.3K
CHK
13
CALL
DELISTED
Chesapeake Energy Corporation
CHK
$10.8M 1.89%
2,215
– –
ORCL icon
14
Oracle
ORCL
$471B
$10.8M 1.88%
325,265
+710
+0.2% +$23K
CIE
15
CALL
DELISTED
Cobalt International Energy, Inc
CIE
$10.4M 1.82%
28,000
+14,020
+100% +$5.67M
HAL icon
16
Halliburton
HAL
$31.1B
$10.3M 1.8%
213,700
-69,500
-25% -$3.26M
SVC
17
Service Properties Trust
SVC
$971M
$9.63M 1.68%
68,506
+2,068
+3% +$286K
FLG
18
Flagstar Bank National Association
FLG
$5.62B
$9.41M 1.64%
207,591
+2,680
+1% +$120K
DINO icon
19
HF Sinclair
DINO
$19.5B
$9.02M 1.57%
214,089
+71,700
+50% +$3.12M
CLF icon
20
Cleveland-Cliffs
CLF
$7.11B
$8.6M 1.5%
419,500
+140,100
+50% +$2.88M
PCL
21
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
$8.43M 1.47%
179,963
+46,960
+35% +$2.2M
UFS
22
DELISTED
DOMTAR CORPORATION (New)
UFS
$8.33M 1.45%
209,800
– –
AAPL icon
23
Apple
AAPL
$4.61T
$8.03M 1.4%
471,464
+896
+0.2% +$14.9K
CPRI icon
24
Capri Holdings
CPRI
$1.52B
$7.79M 1.36%
+104,500
New +$7.28M
DHI icon
25
D.R. Horton
DHI
$39.1B
$7.65M 1.34%
393,760
+70,400
+22% +$1.39M
1
2 3 4 5

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MCM
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BFA
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IIC
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REMPR
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Hourglass Capital's Q3 2013 Portfolio in Review

As of Q3 2013, Hourglass Capital held 122 positions worth $573M, up 5.3% from $544M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Hourglass Capital withdrew a net $32.7M in Q3 2013, closing 6 positions and reducing 29 holdings. Its most notable exit was Bank of America, an estimated $13.5M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 15% of assets, down from 17% a quarter earlier, followed by Energy and Financials.

Against the trend, Hourglass Capital opened a new position in Capri Holdings worth $7.79M.

  • Hourglass Capital's largest Q3 2013 buy was Capri Holdings: 104,500 shares worth $7.79M.
  • Hourglass Capital added most to Kimco Realty in Q3 2013, an estimated $3.15M increase.
  • Hourglass Capital's biggest Q3 2013 reduction was Delta Air Lines, cutting an estimated $7.27M.
  • Hourglass Capital fully exited Bank of America in Q3 2013, selling an estimated $13.5M.
  • Hourglass Capital's ten largest holdings make up 33% of its $573M portfolio in Q3 2013.
  • Hourglass Capital opened 10 new positions and closed 6 in Q3 2013.
  • Hourglass Capital's portfolio value rose 5.3% quarter-over-quarter to $573M.

Based on Hourglass Capital's 13F filing for Q3 2013, filed 12 Nov 2013.