Hourglass Capital, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), Hourglass Capital, LLC reported 103 stock positions worth $336.4 million. Its top holding was Abbvie (ABBV) at 4.1% of the portfolio, followed by Newmont (NEM, 3.2%) and Oracle (ORCL, 2.8%). Compared with Q1 2024, it opened 5 new positions, sold out of 4, added to 27 and reduced 43. The biggest buy was a new position in JM Smucker (SJM) and the biggest sale Abbvie (ABBV, shares −2%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001442573
Portfolio Value
$336.4M (Q2 2024)
SEC Filing
0001062993-24-014424 ↗ filed Aug 5, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $331.9M Q1 2024 Q2 2024: $336.4M $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 103 stocks · $336.4M
ABBV Abbvie Inc. 4.11% 80,668 $13.8M Reduce -2.4%
NEM Newmont Corp. 3.23% 259,340 $10.9M Reduce -10.0%
ORCL Oracle Corp. 2.84% 67,672 $9.6M Reduce -2.2%
GS Goldman Sachs Group Inc. 2.65% 19,736 $8.9M Reduce -5.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.55% 181,980 $8.6M Add +14.4%
C Citigroup Inc. 2.39% 126,812 $8.0M Reduce -2.5%
PFE Pfizer Inc. 2.39% 287,310 $8.0M Add +2.0%
GOOGL Alphabet Inc. Class A 2.33% 42,964 $7.8M Reduce -0.7%
PM Philip Morris International 2.26% 74,955 $7.6M Add +0.1%
AAPL Apple Inc. 2.25% 35,933 $7.6M Add +0.1%
MS Morgan Stanley 2.23% 77,132 $7.5M Reduce -2.6%
HCA HCA Healthcare Inc. 2.17% 22,707 $7.3M Reduce -0.4%
FCX Freeport-McMoran Inc. 2.17% 149,865 $7.3M Reduce -6.5%
DOW Dow Inc. 2.11% 133,920 $7.1M Add +0.2%
CSCO Cisco Systems Inc. 2.03% 143,548 $6.8M Reduce -0.6%
XOM Exxon Mobil Corp. 2.02% 58,912 $6.8M Add +0.5%
WMB Williams Cos Inc. 1.98% 156,940 $6.7M Reduce -2.2%
CVX Chevron Corp. 1.97% 42,454 $6.6M Reduce -0.2%
LYB Lyondellbasell Indu Class A 1.97% 69,237 $6.6M Add +11.6%
MSFT Microsoft Corp. 1.91% 14,393 $6.4M Reduce -0.2%
FHI Federated Hermes Inc. 1.90% 194,618 $6.4M Add +4.6%
KMI Kinder Morgan Inc. 1.88% 318,150 $6.3M Reduce -0.0%
MAIN Main Street Capital Corp. 1.85% 122,965 $6.2M Reduce -0.0%
BKR Baker Hughes Co. 1.80% 172,550 $6.1M Reduce -0.4%
WMT Walmart Inc. 1.64% 81,503 $5.5M Reduce -0.8%
DAL Delta Air Lines Inc. 1.59% 112,400 $5.3M Reduce -7.3%
SYY Sysco Corp. 1.58% 74,615 $5.3M Reduce -4.0%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.57% 58,970 $5.3M Reduce -2.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.57% 30,545 $5.3M Add +0.4%
MMM 3M Co. 1.57% 51,571 $5.3M Add +2.4%
HD Home Depot Inc. 1.55% 15,141 $5.2M Add +0.1%
KEX Kirby Corp. 1.46% 41,005 $4.9M Reduce -1.4%
VLO Valero Energy Corp. 1.43% 30,760 $4.8M Add +0.2%
KHC The Kraft Heinz Co. 1.43% 149,100 $4.8M Add +0.3%
ZBH Zimmer Biomet Holdings Inc. 1.43% 44,250 $4.8M Add +0.1%
AVGO Broadcom Inc. 1.43% 2,990 $4.8M Reduce -1.0%
VICI Vici Properties Inc. filed as VICI PPTYS INC 1.40% 163,884 $4.7M Reduce -0.7%
HPQ HP Inc. 1.39% 133,968 $4.7M Reduce -2.1%
QCOM Qualcomm Inc. 1.37% 23,080 $4.6M Reduce -19.7%
NRG NRG Energy Inc. 1.31% 56,770 $4.4M No change
BHP BHP Group Ltd.-Spon ADR 1.19% 70,155 $4.0M Add +3.1%
WDS Woodside Energy Group-ADR 1.11% 198,559 $3.7M Add +6.0%
T AT&T Inc. 1.04% 182,780 $3.5M Add +0.6%
CONSOL ENERGY INC 1.01% 33,350 $3.4M Reduce -10.0%
GM General Motors Co. 0.95% 68,917 $3.2M No change
MCK McKesson Corp. 0.92% 5,272 $3.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.87% 7,225 $2.9M Reduce -0.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.84% 25,860 $2.8M New
HPE Hewlett Packard Enterprise 0.84% 133,150 $2.8M Add +45.6%
VLY Valley National Bancorp 0.83% 400,258 $2.8M Add +0.2%
JEPI JPMorgan Equity Premium Inco 0.71% 42,150 $2.4M No change
NVO Novo-Nordisk A/S-Spons ADR 0.66% 15,480 $2.2M Reduce -2.3%
FITB Fifth Third Bancorp 0.56% 51,500 $1.9M Reduce -18.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.56% 47,017 $1.9M Reduce -25.4%
LNG Cheniere Energy Inc. 0.55% 10,590 $1.9M New
UGI Ugi Corp. 0.54% 79,890 $1.8M Add +25.8%
CMCSA Comcast Corp. Class A 0.48% 41,390 $1.6M Add +1.0%
TNL Travel + Leisure Co. 0.47% 34,980 $1.6M No change
VZ Verizon Communications Inc. 0.46% 37,630 $1.6M Reduce -0.3%
CXW Corecivic Inc. 0.46% 118,890 $1.5M No change
SDY SS SPDR S&P Dividend ETF 0.44% 11,590 $1.5M Reduce -0.2%
JNJ Johnson & Johnson 0.38% 8,660 $1.3M Reduce -0.7%
TAP Molson Coors Beverage Co. Class B 0.36% 23,545 $1.2M No change
DHI D.R. Horton Inc. 0.30% 7,060 $995K No change
OI O-I Glass Inc. 0.26% 79,275 $882K No change
FLG New York Community Bancorp 0.26% 267,800 $862K Reduce -41.8%
VTI VG Morningstar TS MKT ETF-US 0.26% 3,210 $859K Add +14.2%
EXP Eagle Materials Inc. 0.23% 3,600 $783K Reduce -34.5%
ARCH Arch Resources Inc. 0.23% 5,025 $765K Add +24.8%
JPM JPMorgan Chase & Co. 0.22% 3,735 $755K Add +0.7%
ETN Eaton Corp. PLC 0.22% 2,400 $753K Reduce -0.7%
SOFI Sofi Technologies Inc. 0.22% 111,000 $734K New
GOOG Alphabet Inc. Class C 0.21% 3,776 $693K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.20% 1,250 $680K Add +0.4%
OEF iShares S&P 100 ETF 0.19% 2,395 $633K No change
LMT Lockheed Martin Corp. 0.14% 1,000 $467K No change
AMGN Amgen Inc. 0.13% 1,347 $421K No change
INTC Intel Corp. 0.12% 13,213 $409K No change
PAAS Pan American Silver Corp. 0.12% 20,000 $398K Reduce -45.2%
ROST Ross Stores Inc. 0.11% 2,600 $378K No change
MPC Marathon Petroleum Corp. 0.10% 2,000 $347K No change
PG The Procter & Gamble Co. 0.10% 2,097 $346K Add +1.0%
XLK SS Technology Select Sector 0.10% 1,430 $324K No change
CAT Caterpillar Inc. 0.09% 922 $307K Reduce -2.1%
RTX RTX Corp. 0.09% 3,000 $301K New
WFC Wells Fargo & Co. 0.09% 5,000 $297K No change
TM Toyota Motor Corp. -Spon ADR 0.09% 1,400 $287K No change
COST Costco Wholesale Corp. 0.08% 326 $277K Add +5.2%
CTRA Coterra Energy Inc. 0.08% 10,350 $276K Reduce -58.4%
GD General Dynamics Corp. 0.08% 906 $263K New
UAL United Airlines Holdings Inc. 0.08% 5,400 $263K No change
PSX Phillips 66 0.07% 1,770 $250K No change
FISV Fiserv Inc. 0.07% 1,618 $241K No change
UBER Uber Technologies Inc. 0.07% 3,204 $233K Reduce -23.8%
COP Conocophillips 0.07% 2,000 $229K No change
CL Colgate-Palmolive Co. 0.07% 2,300 $223K No change
IWD iShares Russell 1000 Value E 0.07% 1,265 $221K Reduce -18.9%
HON Honeywell International Inc. 0.07% 1,026 $219K No change
IVV iShares Core S&P 500 ETF 0.07% 400 $219K Reduce -21.4%
LH Laboratory CRP of Amer Hldgs 0.06% 1,000 $204K No change

Show all 103 holdings

Portfolio Sells Q1 2024 → Q2 2024
ABBV Abbvie Inc. Reduce -2.4% 4.11% −0.42
SYY Sysco Corp. Reduce -4.0% 1.58% −0.32
EXP Eagle Materials Inc. Reduce -34.5% 0.23% −0.22
FLG New York Community Bancorp Reduce -41.8% 0.26% −0.19
BAC Bank of America Corp. Reduce -25.4% 0.56% −0.16
DAL Delta Air Lines Inc. Reduce -7.3% 1.59% −0.16
FITB Fifth Third Bancorp Reduce -18.1% 0.56% −0.15
CSCO Cisco Systems Inc. Reduce -0.6% 2.03% −0.14
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.14
CTRA Coterra Energy Inc. Reduce -58.4% 0.08% −0.13
HCA HCA Healthcare Inc. Reduce -0.4% 2.17% −0.12
TFC Truist Financial Corp. Sold out 0.00% −0.12
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.11
FCX Freeport-McMoran Inc. Reduce -6.5% 2.17% −0.11
QCOM Qualcomm Inc. Reduce -19.7% 1.37% −0.10
VICI Vici Properties Inc. Reduce -0.7% 1.40% −0.09
C Citigroup Inc. Reduce -2.5% 2.39% −0.09
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.07
CVX Chevron Corp. Reduce -0.2% 1.97% −0.05
PAAS Pan American Silver Corp. Reduce -45.2% 0.12% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 0.87% −0.05
JNJ Johnson & Johnson Reduce -0.7% 0.38% −0.04
UBER Uber Technologies Inc. Reduce -23.8% 0.07% −0.03
SDY SS SPDR S&P Dividend ETF Reduce -0.2% 0.44% −0.02
MS Morgan Stanley Reduce -2.6% 2.23% −0.02
IWD iShares Russell 1000 Value E Reduce -18.9% 0.07% −0.02
VZ Verizon Communications Inc. Reduce -0.3% 0.46% −0.02
IVV iShares Core S&P 500 ETF Reduce -21.4% 0.07% −0.02
CAT Caterpillar Inc. Reduce -2.1% 0.09% −0.01
F Ford Motor Co. Reduce -8.9% 0.04% −0.01
ETN Eaton Corp. PLC Reduce -0.7% 0.22% −0.00
GS Goldman Sachs Group Inc. Reduce -5.3% 2.65% +0.03
NVO Novo-Nordisk A/S-Spons ADR Reduce -2.3% 0.66% +0.04
BKR Baker Hughes Co. Reduce -0.4% 1.80% +0.06
CONSOL ENERGY INC Reduce -10.0% 1.01% +0.08
MSFT Microsoft Corp. Reduce -0.2% 1.91% +0.08
MAIN Main Street Capital Corp. Reduce -0.0% 1.85% +0.09
WMB Williams Cos Inc. Reduce -2.2% 1.98% +0.10
IRM Iron Mountain Inc. Reduce -2.5% 1.57% +0.11
NEM Newmont Corp. Reduce -10.0% 3.23% +0.12
KMI Kinder Morgan Inc. Reduce -0.0% 1.88% +0.12
HPQ HP Inc. Reduce -2.1% 1.39% +0.15
WMT Walmart Inc. Reduce -0.8% 1.64% +0.15
ORCL Oracle Corp. Reduce -2.2% 2.84% +0.22
AVGO Broadcom Inc. Reduce -1.0% 1.43% +0.22
KEX Kirby Corp. Reduce -1.4% 1.46% +0.26
GOOGL Alphabet Inc. Class A Reduce -0.7% 2.33% +0.36

Portfolio Buys Q1 2024 → Q2 2024
SJM The JM Smucker Co. New 0.84% +0.84
LNG Cheniere Energy Inc. New 0.55% +0.55
AAPL Apple Inc. Add +0.1% 2.25% +0.39
HPE Hewlett Packard Enterprise Add +45.6% 0.84% +0.35
SOFI Sofi Technologies Inc. New 0.22% +0.22
PM Philip Morris International Add +0.1% 2.26% +0.19
RTX RTX Corp. New 0.09% +0.09
GD General Dynamics Corp. New 0.08% +0.08
T AT&T Inc. Add +0.6% 1.04% +0.07
UGI Ugi Corp. Add +25.8% 0.54% +0.07
LYB Lyondellbasell Indu Class A Add +11.6% 1.97% +0.06
PFE Pfizer Inc. Add +2.0% 2.39% +0.04
VTI VG Morningstar TS MKT ETF-US Add +14.2% 0.26% +0.04
ARCH Arch Resources Inc. Add +24.8% 0.23% +0.03
COST Costco Wholesale Corp. Add +5.2% 0.08% +0.01
BHP BHP Group Ltd.-Spon ADR Add +3.1% 1.19% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.4% 0.20% +0.01
PG The Procter & Gamble Co. Add +1.0% 0.10% +0.00
JPM JPMorgan Chase & Co. Add +0.7% 0.22% +0.00
WDS Woodside Energy Group-ADR Add +6.0% 1.11% −0.02
XOM Exxon Mobil Corp. Add +0.5% 2.02% −0.04
MMM 3M Co. Add +2.4% 1.57% −0.04
CMCSA Comcast Corp. Class A Add +1.0% 0.48% −0.05
SLB SLB Ltd. Add +14.4% 2.55% −0.07
FHI Federated Hermes Inc. Add +4.6% 1.90% −0.12
VLY Valley National Bancorp Add +0.2% 0.83% −0.13
VLO Valero Energy Corp. Add +0.2% 1.43% −0.15
IBM Intl Business Machines Corp. Add +0.4% 1.57% −0.18
HD Home Depot Inc. Add +0.1% 1.55% −0.20
DOW Dow Inc. Add +0.2% 2.11% −0.22
KHC The Kraft Heinz Co. Add +0.3% 1.43% −0.22
ZBH Zimmer Biomet Holdings Inc. Add +0.1% 1.43% −0.33

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