Hourglass Capital, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Hourglass Capital, LLC reported 102 stock positions worth $331.9 million. Its top holding was Abbvie (ABBV) at 4.5% of the portfolio, followed by Newmont (NEM, 3.1%) and SLB (SLB, 2.6%). Compared with Q4 2023, it opened 7 new positions, sold out of 3, added to 28 and reduced 39. The biggest buy was 3M (MMM, shares +62%) and the biggest sale New York Community Bancorp (FLG, shares −14%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001442573
Portfolio Value
$331.9M (Q1 2024)
SEC Filing
0001062993-24-008840 ↗ filed Apr 26, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $331.9M $331.9M Q1 2024 Q2 2024: $336.4M Q2 2024 Q3 2024: $359.0M Q3 2024 Q4 2024: $362.6M Q4 2024 Q1 2025: $382.2M Q1 2025 Q2 2025: $404.5M Q2 2025 Q3 2025: $445.4M Q3 2025 Q4 2025: $463.7M Q4 2025 Q1 2026: $480.5M Q1 2026 Q2 2026: $508.4M Q2 2026

Holdings 102 stocks · $331.9M
ABBV Abbvie Inc. 4.53% 82,628 $15.0M Reduce -1.7%
NEM Newmont Corp. 3.11% 288,193 $10.3M Add +28.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.63% 159,040 $8.7M Reduce -0.7%
GS Goldman Sachs Group Inc. 2.62% 20,833 $8.7M Reduce -0.5%
ORCL Oracle Corp. 2.62% 69,222 $8.7M Reduce -1.2%
C Citigroup Inc. 2.48% 130,012 $8.2M Reduce -0.8%
PFE Pfizer Inc. 2.35% 281,560 $7.8M Add +2.2%
DOW Dow Inc. 2.33% 133,602 $7.7M Reduce -0.7%
HCA HCA Healthcare Inc. 2.29% 22,802 $7.6M Reduce -2.2%
FCX Freeport-McMoran Inc. 2.27% 160,325 $7.5M Add +0.1%
MS Morgan Stanley 2.25% 79,227 $7.5M Reduce -0.4%
CSCO Cisco Systems Inc. 2.17% 144,382 $7.2M Reduce -1.2%
PM Philip Morris International 2.07% 74,855 $6.9M Add +27.5%
XOM Exxon Mobil Corp. 2.05% 58,608 $6.8M Reduce -0.5%
FHI Federated Hermes Inc. 2.03% 186,118 $6.7M Add +12.0%
CVX Chevron Corp. 2.02% 42,554 $6.7M Reduce -5.6%
GOOGL Alphabet Inc. Class A 1.97% 43,284 $6.5M Reduce -2.1%
LYB Lyondellbasell Indu Class A 1.91% 62,017 $6.3M Reduce -0.5%
SYY Sysco Corp. 1.90% 77,755 $6.3M Reduce -1.2%
WMB Williams Cos Inc. 1.89% 160,540 $6.3M Reduce -17.1%
AAPL Apple Inc. 1.86% 35,903 $6.2M Reduce -0.6%
MSFT Microsoft Corp. 1.83% 14,417 $6.1M Add +0.1%
ZBH Zimmer Biomet Holdings Inc. 1.76% 44,225 $5.8M Reduce -0.2%
KMI Kinder Morgan Inc. 1.76% 318,170 $5.8M Add +0.6%
MAIN Main Street Capital Corp. 1.75% 123,015 $5.8M Reduce -0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.75% 30,425 $5.8M Reduce -0.2%
DAL Delta Air Lines Inc. 1.75% 121,250 $5.8M Add +8.5%
HD Home Depot Inc. 1.75% 15,130 $5.8M Reduce -0.3%
BKR Baker Hughes Co. 1.75% 173,240 $5.8M Reduce -0.2%
KHC The Kraft Heinz Co. 1.65% 148,600 $5.5M Add +0.6%
MMM 3M Co. 1.61% 50,366 $5.3M Add +62.3%
VLO Valero Energy Corp. 1.58% 30,700 $5.2M No change
WMT Walmart Inc. 1.49% 82,128 $4.9M Reduce -0.7%
VICI Vici Properties Inc. filed as VICI PPTYS INC 1.48% 164,969 $4.9M Add +1.0%
QCOM Qualcomm Inc. 1.47% 28,742 $4.9M Reduce -0.6%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.46% 60,470 $4.9M Reduce -18.7%
HPQ HP Inc. 1.25% 136,793 $4.1M Add +1.2%
AVGO Broadcom Inc. 1.21% 3,020 $4.0M Reduce -22.4%
KEX Kirby Corp. 1.19% 41,602 $4.0M Reduce -0.5%
BHP BHP Group Ltd.-Spon ADR 1.18% 68,035 $3.9M Reduce -2.7%
NRG NRG Energy Inc. 1.16% 56,770 $3.8M No change
WDS Woodside Energy Group-ADR 1.13% 187,233 $3.7M Add +0.8%
T AT&T Inc. 0.96% 181,680 $3.2M Add +1.2%
VLY Valley National Bancorp 0.96% 399,298 $3.2M Reduce -1.9%
GM General Motors Co. 0.94% 68,917 $3.1M Reduce -1.4%
CONSOL ENERGY INC 0.94% 37,050 $3.1M Add +5.7%
BRK.B Berkshire Hathaway Inc. Class B 0.92% 7,263 $3.1M No change
MCK McKesson Corp. 0.85% 5,272 $2.8M Add +0.6%
JEPI JPMorgan Equity Premium Inco 0.73% 42,150 $2.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.72% 63,017 $2.4M Add +0.4%
FITB Fifth Third Bancorp 0.71% 62,900 $2.3M Reduce -0.3%
NVO Novo-Nordisk A/S-Spons ADR 0.61% 15,840 $2.0M Add +4.6%
CXW Corecivic Inc. 0.56% 118,890 $1.9M No change
CMCSA Comcast Corp. Class A 0.54% 40,963 $1.8M Add +0.9%
TNL Travel + Leisure Co. 0.52% 34,980 $1.7M Add +156.0%
HPE Hewlett Packard Enterprise 0.49% 91,420 $1.6M No change
TAP Molson Coors Beverage Co. Class B 0.48% 23,545 $1.6M No change
VZ Verizon Communications Inc. 0.48% 37,730 $1.6M Add +11.6%
UGI Ugi Corp. 0.47% 63,530 $1.6M No change
SDY SS SPDR S&P Dividend ETF 0.46% 11,608 $1.5M Reduce -3.0%
EXP Eagle Materials Inc. 0.45% 5,498 $1.5M Reduce -1.1%
FLG New York Community Bancorp 0.45% 460,264 $1.5M Reduce -13.8%
JNJ Johnson & Johnson 0.42% 8,720 $1.4M Reduce -2.6%
OI O-I Glass Inc. 0.40% 79,275 $1.3M No change
DHI D.R. Horton Inc. 0.35% 7,060 $1.2M No change
ETN Eaton Corp. PLC 0.23% 2,417 $756K Add +0.7%
JPM JPMorgan Chase & Co. 0.22% 3,710 $743K Add +2.7%
VTI VG Morningstar TS MKT ETF-US 0.22% 2,810 $730K Add +43.4%
CTRA Coterra Energy Inc. 0.21% 24,850 $693K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.20% 1,245 $651K Add +0.3%
ARCH Arch Resources Inc. 0.20% 4,025 $647K Reduce -57.7%
OEF iShares S&P 100 ETF 0.18% 2,395 $593K No change
INTC Intel Corp. 0.18% 13,213 $584K No change
GOOG Alphabet Inc. Class C 0.17% 3,776 $575K Add +11.1%
PAAS Pan American Silver Corp. 0.17% 36,500 $550K New
IJR iShares Core S&P Small-Cap E 0.14% 4,265 $471K New
LMT Lockheed Martin Corp. 0.14% 1,000 $455K No change
MPC Marathon Petroleum Corp. 0.12% 2,000 $403K No change
TFC Truist Financial Corp. 0.12% 10,000 $390K Reduce -50.0%
AMGN Amgen Inc. 0.12% 1,347 $383K No change
ROST Ross Stores Inc. 0.12% 2,600 $382K No change
BABA Alibaba Group Holding-SP ADR 0.11% 5,005 $362K No change
TM Toyota Motor Corp. -Spon ADR 0.11% 1,400 $352K No change
CAT Caterpillar Inc. 0.10% 942 $345K Reduce -5.0%
PG The Procter & Gamble Co. 0.10% 2,077 $337K Add +3.9%
UBER Uber Technologies Inc. 0.10% 4,204 $324K Reduce -32.2%
XLK SS Technology Select Sector 0.09% 1,430 $298K No change
WFC Wells Fargo & Co. 0.09% 5,000 $290K No change
PSX Phillips 66 0.09% 1,770 $289K No change
IWD iShares Russell 1000 Value E 0.08% 1,560 $279K No change
IVV iShares Core S&P 500 ETF 0.08% 509 $268K New
FISV Fiserv Inc. 0.08% 1,618 $259K New
UAL United Airlines Holdings Inc. 0.08% 5,400 $259K Reduce -9.2%
COP Conocophillips 0.08% 2,000 $255K No change
BMY Bristol-Myers Squibb Co. 0.07% 4,307 $234K Add +2.2%
COST Costco Wholesale Corp. 0.07% 310 $227K New
LH Laboratory CRP of Amer Hldgs 0.07% 1,000 $218K No change
HON Honeywell International Inc. 0.06% 1,026 $211K No change
CL Colgate-Palmolive Co. 0.06% 2,300 $207K New
F Ford Motor Co. filed as FORD MTR CO DEL 0.04% 11,250 $149K No change

Show all 102 holdings

Portfolio Sells Q4 2023 → Q1 2024
FLG New York Community Bancorp Reduce -13.8% 0.45% −1.31
VLY Valley National Bancorp Reduce -1.9% 0.96% −0.47
AAPL Apple Inc. Reduce -0.6% 1.86% −0.39
BHP BHP Group Ltd.-Spon ADR Reduce -2.7% 1.18% −0.36
ARCH Arch Resources Inc. Reduce -57.7% 0.20% −0.31
WMB Williams Cos Inc. Reduce -17.1% 1.89% −0.29
IRM Iron Mountain Inc. Reduce -18.7% 1.46% −0.22
CSCO Cisco Systems Inc. Reduce -1.2% 2.17% −0.21
AVGO Broadcom Inc. Reduce -22.4% 1.21% −0.19
BKR Baker Hughes Co. Reduce -0.2% 1.75% −0.16
CVX Chevron Corp. Reduce -5.6% 2.02% −0.14
MS Morgan Stanley Reduce -0.4% 2.25% −0.14
IVZ Invesco Ltd. Sold out 0.00% −0.13
TFC Truist Financial Corp. Reduce -50.0% 0.12% −0.12
NKE Nike Inc. Class B Sold out 0.00% −0.08
KO The Coca-Cola Co. Sold out 0.00% −0.07
SLB SLB Ltd. Reduce -0.7% 2.63% −0.06
DOW Dow Inc. Reduce -0.7% 2.33% −0.04
JNJ Johnson & Johnson Reduce -2.6% 0.42% −0.04
UBER Uber Technologies Inc. Reduce -32.2% 0.10% −0.03
SDY SS SPDR S&P Dividend ETF Reduce -3.0% 0.46% −0.02
GOOGL Alphabet Inc. Class A Reduce -2.1% 1.97% −0.02
UAL United Airlines Holdings Inc. Reduce -9.2% 0.08% −0.00
LYB Lyondellbasell Indu Class A Reduce -0.5% 1.91% +0.00
FITB Fifth Third Bancorp Reduce -0.3% 0.71% +0.00
CAT Caterpillar Inc. Reduce -5.0% 0.10% +0.01
GS Goldman Sachs Group Inc. Reduce -0.5% 2.62% +0.02
ZBH Zimmer Biomet Holdings Inc. Reduce -0.2% 1.76% +0.02
MAIN Main Street Capital Corp. Reduce -0.3% 1.75% +0.03
SYY Sysco Corp. Reduce -1.2% 1.90% +0.05
HD Home Depot Inc. Reduce -0.3% 1.75% +0.05
EXP Eagle Materials Inc. Reduce -1.1% 0.45% +0.09
WMT Walmart Inc. Reduce -0.7% 1.49% +0.09
QCOM Qualcomm Inc. Reduce -0.6% 1.47% +0.12
GM General Motors Co. Reduce -1.4% 0.94% +0.13
KEX Kirby Corp. Reduce -0.5% 1.19% +0.14
IBM Intl Business Machines Corp. Reduce -0.2% 1.75% +0.14
XOM Exxon Mobil Corp. Reduce -0.5% 2.05% +0.16
ORCL Oracle Corp. Reduce -1.2% 2.62% +0.24
HCA HCA Healthcare Inc. Reduce -2.2% 2.29% +0.26
C Citigroup Inc. Reduce -0.8% 2.48% +0.31
ABBV Abbvie Inc. Reduce -1.7% 4.53% +0.34

Portfolio Buys Q4 2023 → Q1 2024
MMM 3M Co. Add +62.3% 1.61% +0.52
TNL Travel + Leisure Co. Add +156.0% 0.52% +0.34
DAL Delta Air Lines Inc. Add +8.5% 1.75% +0.30
PM Philip Morris International Add +27.5% 2.07% +0.29
FHI Federated Hermes Inc. Add +12.0% 2.03% +0.21
PAAS Pan American Silver Corp. New 0.17% +0.17
IJR iShares Core S&P Small-Cap E New 0.14% +0.14
NEM Newmont Corp. Add +28.9% 3.11% +0.13
NVO Novo-Nordisk A/S-Spons ADR Add +4.6% 0.61% +0.11
MSFT Microsoft Corp. Add +0.1% 1.83% +0.08
IVV iShares Core S&P 500 ETF New 0.08% +0.08
FISV Fiserv Inc. New 0.08% +0.08
FCX Freeport-McMoran Inc. Add +0.1% 2.27% +0.07
MCK McKesson Corp. Add +0.6% 0.85% +0.07
VTI VG Morningstar TS MKT ETF-US Add +43.4% 0.22% +0.07
COST Costco Wholesale Corp. New 0.07% +0.07
VZ Verizon Communications Inc. Add +11.6% 0.48% +0.07
CL Colgate-Palmolive Co. New 0.06% +0.06
ETN Eaton Corp. PLC Add +0.7% 0.23% +0.04
BAC Bank of America Corp. Add +0.4% 0.72% +0.04
JPM JPMorgan Chase & Co. Add +2.7% 0.22% +0.03
UNL United States 12 Month Natur New 0.02% +0.02
GOOG Alphabet Inc. Class C Add +11.1% 0.17% +0.02
PG The Procter & Gamble Co. Add +3.9% 0.10% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 0.20% +0.01
BMY Bristol-Myers Squibb Co. Add +2.2% 0.07% +0.00
T AT&T Inc. Add +1.2% 0.96% −0.01
CMCSA Comcast Corp. Class A Add +0.9% 0.54% −0.04
KMI Kinder Morgan Inc. Add +0.6% 1.76% −0.04
HPQ HP Inc. Add +1.2% 1.25% −0.06
KHC The Kraft Heinz Co. Add +0.6% 1.65% −0.11
WDS Woodside Energy Group-ADR Add +0.8% 1.13% −0.13
VICI Vici Properties Inc. Add +1.0% 1.48% −0.20
CONSOL ENERGY INC Add +5.7% 0.94% −0.20
PFE Pfizer Inc. Add +2.2% 2.35% −0.20

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 127$508.4MGOOGL, C, CSCO, MS, GS
Q1 2026 130$480.5MCNR, GOOGL, NEM, C, SPY
Q4 2025 114$463.7MNEM, GOOGL, C, MS, GS
Q3 2025 106$445.4MNEM, ORCL, GOOGL, PFE, C
Q2 2025 106$404.5MGS, CSCO, ORCL, NEM, LYB
Q1 2025 110$382.2MPM, NEM, SLB, PFE, GS
Q4 2024 105$362.6MPFE, GS, MS, C, AAPL
Q3 2024 106$359.0MORCL, ABBV, NEM, GS, PM
Q2 2024 103$336.4MABBV, NEM, ORCL, GS, SLB
Q1 2024 102$331.9MABBV, NEM, SLB, GS, ORCL