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HC

Hourglass Capital Portfolio holdings

AUM $480M
1-Year Est. Return 32.35%
This Fund
S&P 500
This Quarter Est. Return
+8.68%
1 Year Est. Return
+32.35%
3 Year Est. Return
+81.07%
5 Year Est. Return
+116.38%
10 Year Est. Return
+280.27%
AUM
$403M
AUM Growth
+$1.27M
Cap. Flow
-$24.7M
Cap. Flow %
-6.12%
Top 10 Hldgs %
31.31%
Holding
111
New
6
Increased
5
Reduced
67
Closed
3

Top Buys

Rank Stock Value
1
HWM icon
Howmet Aerospace
HWM
+$9.8M
2
ABBV icon
AbbVie
ABBV
+$5.01M
3
BP icon
BP
BP
+$3.29M
4
FCX icon
Freeport-McMoran
FCX
+$2.81M
5
DB icon
Deutsche Bank
DB
+$2.74M

Top Sells

Rank Stock Value
1
AA icon
Alcoa
AA
+$9.64M
2
VIXY icon
ProShares VIX Short-Term Futures ETF
VIXY
+$4.25M
3
AAL icon
American Airlines Group
AAL
+$3.81M
4
RAIL icon
FreightCar America
RAIL
+$2.38M
5
MS icon
Morgan Stanley
MS
+$2.16M

Sector Composition

Rank Sector Weight
1 Financials 18.63%
2 Technology 16.48%
3 Energy 12.06%
4 Industrials 11.79%
5 Healthcare 9.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WY icon
1
Weyerhaeuser
WY
$17.6B
$15.5M 3.85%
516,744
-29,029
-5% -$895K
CSCO icon
2
Cisco
CSCO
$432B
$14.6M 3.62%
483,311
-30,940
-6% -$943K
C icon
3
Citigroup
C
$221B
$14.4M 3.57%
242,160
-21,160
-8% -$1.14M
GS icon
4
Goldman Sachs
GS
$323B
$13.8M 3.42%
57,581
-7,849
-12% -$1.59M
AAL icon
5
American Airlines Group
AAL
$10.3B
$13.6M 3.37%
291,440
-87,598
-23% -$3.81M
GM icon
6
General Motors
GM
$70.1B
$12M 2.99%
345,759
-30,430
-8% -$1.02M
MS icon
7
Morgan Stanley
MS
$343B
$11.2M 2.77%
264,119
-57,060
-18% -$2.16M
RDS.B
8
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$10.5M 2.59%
180,321
-2,385
-1% -$130K
SVC
9
Service Properties Trust
SVC
$1.13B
$10.4M 2.57%
65,431
-718
-1% -$104K
BHI
10
DELISTED
Baker Hughes
BHI
$10.3M 2.56%
159,045
+35,370
+29% +$2.1M
HWM icon
11
Howmet Aerospace
HWM
$109B
$9.26M 2.3%
+651,579
New +$9.8M
T icon
12
AT&T
T
$153B
$9.18M 2.28%
285,834
-199
-0.1% -$5.87K
CY
13
DELISTED
Cypress Semiconductor
CY
$9.17M 2.27%
801,470
-3,000
-0.4% -$32.9K
AAPL icon
14
Apple
AAPL
$4.89T
$9.1M 2.25%
314,156
-40,608
-11% -$1.15M
FLG
15
Flagstar Bank National Association
FLG
$6.4B
$8.98M 2.23%
188,087
-3,167
-2% -$145K
PBCT
16
DELISTED
People's United Financial Inc
PBCT
$8.41M 2.08%
434,205
-900
-0.2% -$15.9K
GILD icon
17
Gilead Sciences
GILD
$169B
$7.75M 1.92%
108,258
-161
-0.1% -$12K
INTC icon
18
Intel
INTC
$487B
$7.7M 1.91%
212,377
-23,200
-10% -$831K
GE icon
19
GE Aerospace
GE
$361B
$7.7M 1.91%
50,826
-6,408
-11% -$931K
PM icon
20
Philip Morris
PM
$296B
$6.88M 1.71%
75,248
-1,100
-1% -$102K
BP icon
21
BP
BP
$106B
$6.75M 1.67%
210,734
+109,197
+108% +$3.29M
OUT icon
22
Outfront Media
OUT
$5.88B
$6.68M 1.66%
272,877
-608
-0.2% -$14K
PARA
23
DELISTED
Paramount Global Class B
PARA
$6.66M 1.65%
104,613
-15,584
-13% -$924K
GSK icon
24
GSK
GSK
$106B
$6.62M 1.64%
137,412
-480
-0.3% -$23.7K
SLB icon
25
SLB Ltd
SLB
$70.4B
$6.61M 1.64%
78,714
-10,530
-12% -$863K
1
2 3 4 5

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NQWM
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Hourglass Capital's Q4 2016 Portfolio in Review

As of Q4 2016, Hourglass Capital held 111 positions worth $403M, up 0.32% from $402M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Hourglass Capital withdrew a net $24.7M in Q4 2016, closing 3 positions and reducing 67 holdings. Its most notable exit was Alcoa, an estimated $9.64M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 16% a quarter earlier, followed by Technology and Energy.

Against the trend, Hourglass Capital opened a new position in Howmet Aerospace worth $9.26M.

  • Hourglass Capital's largest Q4 2016 buy was Howmet Aerospace: 651,579 shares worth $9.26M.
  • Hourglass Capital added most to AbbVie in Q4 2016, an estimated $5.01M increase.
  • Hourglass Capital's biggest Q4 2016 reduction was American Airlines Group, cutting an estimated $3.81M.
  • Hourglass Capital fully exited Alcoa in Q4 2016, selling an estimated $9.64M.
  • Hourglass Capital's ten largest holdings make up 31% of its $403M portfolio in Q4 2016.
  • Hourglass Capital opened 6 new positions and closed 3 in Q4 2016.
  • Hourglass Capital's portfolio value rose 0.32% quarter-over-quarter to $403M.

Based on Hourglass Capital's 13F filing for Q4 2016, filed 7 Feb 2017.