Hourglass Capital, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Hourglass Capital, LLC reported 106 stock positions worth $359.0 million. Its top holding was Oracle (ORCL) at 3.1% of the portfolio, followed by Abbvie (ABBV, 2.7%) and Newmont (NEM, 2.7%). Compared with Q2 2024, it opened 5 new positions, sold out of 2, added to 31 and reduced 45. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Abbvie (ABBV, shares −39%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001442573
Portfolio Value
$359.0M (Q3 2024)
SEC Filing
0001062993-24-018378 ↗ filed Nov 6, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $331.9M Q1 2024 Q2 2024: $336.4M Q2 2024 Q3 2024: $359.0M $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 106 stocks · $359.0M
ORCL Oracle Corp. 3.10% 65,277 $11.1M Reduce -3.5%
ABBV Abbvie Inc. 2.72% 49,503 $9.8M Reduce -38.6%
NEM Newmont Corp. 2.67% 179,405 $9.6M Reduce -30.8%
GS Goldman Sachs Group Inc. 2.50% 18,146 $9.0M Reduce -8.1%
PM Philip Morris International 2.47% 73,050 $8.9M Reduce -2.5%
HCA HCA Healthcare Inc. 2.45% 21,617 $8.8M Reduce -4.8%
AAPL Apple Inc. 2.30% 35,387 $8.2M Reduce -1.5%
DAL Delta Air Lines Inc. 2.27% 160,625 $8.2M Add +42.9%
PFE Pfizer Inc. 2.26% 279,900 $8.1M Reduce -2.6%
LYB Lyondellbasell Indu Class A 2.24% 83,882 $8.0M Add +21.1%
MS Morgan Stanley 2.19% 75,372 $7.9M Reduce -2.3%
C Citigroup Inc. 2.17% 124,717 $7.8M Reduce -1.6%
CSCO Cisco Systems Inc. 2.11% 142,417 $7.6M Reduce -0.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.10% 179,670 $7.5M Reduce -1.3%
DOW Dow Inc. 2.09% 137,048 $7.5M Add +2.3%
FCX Freeport-McMoran Inc. 2.02% 145,465 $7.3M Reduce -2.9%
FHI Federated Hermes Inc. 1.99% 194,300 $7.1M Reduce -0.2%
MMM 3M Co. 1.97% 51,753 $7.1M Add +0.3%
WMB Williams Cos Inc. 1.96% 154,300 $7.0M Reduce -1.7%
GOOGL Alphabet Inc. Class A 1.91% 41,415 $6.9M Reduce -3.6%
KMI Kinder Morgan Inc. 1.88% 305,685 $6.8M Reduce -3.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.85% 30,100 $6.7M Reduce -1.5%
WMT Walmart Inc. 1.79% 79,718 $6.4M Reduce -2.2%
XOM Exxon Mobil Corp. 1.78% 54,532 $6.4M Reduce -7.4%
BKR Baker Hughes Co. 1.71% 170,045 $6.1M Reduce -1.4%
HD Home Depot Inc. 1.71% 15,139 $6.1M Reduce -0.0%
CVX Chevron Corp. 1.71% 41,634 $6.1M Reduce -1.9%
MAIN Main Street Capital Corp. 1.70% 121,616 $6.1M Reduce -1.1%
MSFT Microsoft Corp. 1.68% 14,053 $6.0M Reduce -2.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC 1.59% 171,751 $5.7M Add +4.8%
SYY Sysco Corp. 1.58% 72,575 $5.7M Reduce -2.7%
KHC The Kraft Heinz Co. 1.49% 152,550 $5.4M Add +2.3%
NRG NRG Energy Inc. 1.48% 58,270 $5.3M Add +2.6%
KEX Kirby Corp. 1.40% 40,935 $5.0M Reduce -0.2%
ZBH Zimmer Biomet Holdings Inc. 1.38% 45,875 $5.0M Add +3.7%
CONSOL ENERGY INC 1.37% 47,120 $4.9M Add +41.3%
BHP BHP Group Ltd.-Spon ADR 1.34% 77,566 $4.8M Add +10.6%
HPQ HP Inc. 1.33% 133,305 $4.8M Reduce -0.5%
NVDA Nvidia Corp. 1.20% 35,415 $4.3M New
AVGO Broadcom Inc. 1.19% 24,720 $4.3M Reduce -17.3%
VLO Valero Energy Corp. 1.18% 31,480 $4.3M Add +2.3%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.13% 34,280 $4.1M Reduce -41.9%
T AT&T Inc. 1.12% 183,010 $4.0M Add +0.1%
QCOM Qualcomm Inc. 1.06% 22,485 $3.8M Reduce -2.6%
WDS Woodside Energy Group-ADR 1.05% 219,471 $3.8M Add +10.5%
VLY Valley National Bancorp 1.00% 397,133 $3.6M Reduce -0.8%
GM General Motors Co. 0.98% 78,757 $3.5M Add +14.3%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.97% 28,680 $3.5M Add +10.9%
LAMR Lamar Advertising Co. Class A 0.95% 25,630 $3.4M New
BRK.B Berkshire Hathaway Inc. Class B 0.93% 7,225 $3.3M No change
HPE Hewlett Packard Enterprise 0.78% 136,750 $2.8M Add +2.7%
MCK McKesson Corp. 0.75% 5,422 $2.7M Add +2.9%
JEPI JPMorgan Equity Premium Inco 0.70% 42,150 $2.5M No change
UGI Ugi Corp. 0.57% 82,050 $2.1M Add +2.7%
LNG Cheniere Energy Inc. 0.55% 10,890 $2.0M Add +2.8%
NVO Novo-Nordisk A/S-Spons ADR 0.52% 15,620 $1.9M Add +0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.52% 46,597 $1.8M Reduce -0.9%
FITB Fifth Third Bancorp 0.50% 42,300 $1.8M Reduce -17.9%
CMCSA Comcast Corp. Class A 0.49% 42,470 $1.8M Add +2.6%
VZ Verizon Communications Inc. 0.48% 37,980 $1.7M Add +0.9%
TNL Travel + Leisure Co. 0.46% 36,000 $1.7M Add +2.9%
SDY SS SPDR S&P Dividend ETF 0.46% 11,660 $1.7M Add +0.6%
CXW Corecivic Inc. 0.43% 121,380 $1.5M Add +2.1%
TAP Molson Coors Beverage Co. Class B 0.39% 24,205 $1.4M Add +2.8%
DHI D.R. Horton Inc. 0.38% 7,060 $1.3M No change
JNJ Johnson & Johnson 0.36% 7,960 $1.3M Reduce -8.1%
OI O-I Glass Inc. 0.30% 81,435 $1.1M Add +2.7%
VTI VG Morningstar TS MKT ETF-US 0.30% 3,750 $1.1M Add +16.8%
EXP Eagle Materials Inc. 0.29% 3,600 $1.0M No change
FLG New York Community Bancorp 0.26% 84,598 $950K Reduce -5.2%
ETN Eaton Corp. PLC 0.22% 2,400 $795K No change
JPM JPMorgan Chase & Co. 0.22% 3,735 $788K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.20% 1,232 $707K Reduce -1.4%
OEF iShares S&P 100 ETF 0.18% 2,395 $663K No change
GOOG Alphabet Inc. Class C 0.17% 3,650 $610K Reduce -3.3%
LMT Lockheed Martin Corp. 0.16% 1,000 $585K No change
SOFI Sofi Technologies Inc. 0.14% 65,000 $511K Reduce -41.4%
AMGN Amgen Inc. 0.12% 1,347 $434K No change
ARCH Arch Resources Inc. 0.12% 3,025 $418K Reduce -39.8%
CTRA Coterra Energy Inc. 0.11% 16,350 $392K Add +58.0%
ROST Ross Stores Inc. 0.11% 2,600 $391K No change
RTX RTX Corp. 0.10% 3,000 $363K No change
PG The Procter & Gamble Co. 0.10% 2,097 $363K No change
CAT Caterpillar Inc. 0.10% 872 $341K Reduce -5.4%
MPC Marathon Petroleum Corp. 0.09% 2,000 $326K No change
UAL United Airlines Holdings Inc. 0.09% 5,400 $308K No change
XLK SS Technology Select Sector 0.08% 1,330 $300K Reduce -7.0%
FISV Fiserv Inc. 0.08% 1,618 $291K No change
COST Costco Wholesale Corp. 0.08% 326 $289K No change
WFC Wells Fargo & Co. 0.08% 5,000 $282K No change
GD General Dynamics Corp. 0.08% 920 $278K Add +1.6%
INTC Intel Corp. 0.07% 11,213 $263K Reduce -15.1%
TM Toyota Motor Corp. -Spon ADR 0.07% 1,400 $250K No change
UBER Uber Technologies Inc. 0.07% 3,204 $241K No change
CL Colgate-Palmolive Co. 0.07% 2,300 $239K No change
PSX Phillips 66 0.06% 1,770 $233K No change
IWD iShares Russell 1000 Value E 0.06% 1,185 $225K Reduce -6.3%
BMY Bristol-Myers Squibb Co. 0.06% 4,213 $218K New
KO The Coca-Cola Co. 0.06% 2,969 $213K New
HON Honeywell International Inc. 0.06% 1,026 $212K No change
COP Conocophillips 0.06% 2,000 $211K No change
PAAS Pan American Silver Corp. 0.06% 10,000 $209K Reduce -50.0%
UNG US Natural Gas Fund LP 0.06% 12,500 $204K New
UNL United States 12 Month Natur 0.04% 20,500 $162K Add +105.0%
F Ford Motor Co. filed as FORD MTR CO 0.03% 10,250 $108K No change
UEC Uranium Energy Corp. 0.02% 10,000 $62K No change

Portfolio Sells Q2 2024 → Q3 2024
ABBV Abbvie Inc. Reduce -38.6% 2.72% −1.39
NEM Newmont Corp. Reduce -30.8% 2.67% −0.56
SLB SLB Ltd. Reduce -1.3% 2.10% −0.45
IRM Iron Mountain Inc. Reduce -41.9% 1.13% −0.44
GOOGL Alphabet Inc. Class A Reduce -3.6% 1.91% −0.41
QCOM Qualcomm Inc. Reduce -2.6% 1.06% −0.30
CVX Chevron Corp. Reduce -1.9% 1.71% −0.27
AVGO Broadcom Inc. Reduce -17.3% 1.19% −0.24
XOM Exxon Mobil Corp. Reduce -7.4% 1.78% −0.24
MSFT Microsoft Corp. Reduce -2.4% 1.68% −0.23
C Citigroup Inc. Reduce -1.6% 2.17% −0.22
GS Goldman Sachs Group Inc. Reduce -8.1% 2.50% −0.15
MAIN Main Street Capital Corp. Reduce -1.1% 1.70% −0.15
FCX Freeport-McMoran Inc. Reduce -2.9% 2.02% −0.14
PFE Pfizer Inc. Reduce -2.6% 2.26% −0.13
ARCH Arch Resources Inc. Reduce -39.8% 0.12% −0.11
BKR Baker Hughes Co. Reduce -1.4% 1.71% −0.09
SOFI Sofi Technologies Inc. Reduce -41.4% 0.14% −0.08
IVV iShares Core S&P 500 ETF Sold out 0.00% −0.07
KEX Kirby Corp. Reduce -0.2% 1.40% −0.06
HPQ HP Inc. Reduce -0.5% 1.33% −0.06
LH Laboratory CRP of Amer Hldgs Sold out 0.00% −0.06
PAAS Pan American Silver Corp. Reduce -50.0% 0.06% −0.06
FITB Fifth Third Bancorp Reduce -17.9% 0.50% −0.05
INTC Intel Corp. Reduce -15.1% 0.07% −0.05
BAC Bank of America Corp. Reduce -0.9% 0.52% −0.04
MS Morgan Stanley Reduce -2.3% 2.19% −0.04
GOOG Alphabet Inc. Class C Reduce -3.3% 0.17% −0.04
WMB Williams Cos Inc. Reduce -1.7% 1.96% −0.02
JNJ Johnson & Johnson Reduce -8.1% 0.36% −0.02
XLK SS Technology Select Sector Reduce -7.0% 0.08% −0.01
SYY Sysco Corp. Reduce -2.7% 1.58% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.4% 0.20% −0.01
IWD iShares Russell 1000 Value E Reduce -6.3% 0.06% −0.00
KMI Kinder Morgan Inc. Reduce -3.9% 1.88% +0.00
CAT Caterpillar Inc. Reduce -5.4% 0.10% +0.00
FLG New York Community Bancorp Reduce -5.2% 0.26% +0.01
AAPL Apple Inc. Reduce -1.5% 2.30% +0.05
CSCO Cisco Systems Inc. Reduce -0.8% 2.11% +0.08
FHI Federated Hermes Inc. Reduce -0.2% 1.99% +0.09
WMT Walmart Inc. Reduce -2.2% 1.79% +0.15
HD Home Depot Inc. Reduce -0.0% 1.71% +0.16
VLY Valley National Bancorp Reduce -0.8% 1.00% +0.17
PM Philip Morris International Reduce -2.5% 2.47% +0.21
ORCL Oracle Corp. Reduce -3.5% 3.10% +0.26
HCA HCA Healthcare Inc. Reduce -4.8% 2.45% +0.28
IBM Intl Business Machines Corp. Reduce -1.5% 1.85% +0.28

Portfolio Buys Q2 2024 → Q3 2024
NVDA Nvidia Corp. New 1.20% +1.20
LAMR Lamar Advertising Co. Class A New 0.95% +0.95
DAL Delta Air Lines Inc. Add +42.9% 2.27% +0.69
MMM 3M Co. Add +0.3% 1.97% +0.40
CONSOL ENERGY INC Add +41.3% 1.37% +0.36
LYB Lyondellbasell Indu Class A Add +21.1% 2.24% +0.27
VICI Vici Properties Inc. Add +4.8% 1.59% +0.20
NRG NRG Energy Inc. Add +2.6% 1.48% +0.16
BHP BHP Group Ltd.-Spon ADR Add +10.6% 1.34% +0.15
SJM The JM Smucker Co. Add +10.9% 0.97% +0.13
T AT&T Inc. Add +0.1% 1.12% +0.08
KHC The Kraft Heinz Co. Add +2.3% 1.49% +0.06
BMY Bristol-Myers Squibb Co. New 0.06% +0.06
KO The Coca-Cola Co. New 0.06% +0.06
UNG US Natural Gas Fund LP New 0.06% +0.06
VTI VG Morningstar TS MKT ETF-US Add +16.8% 0.30% +0.04
OI O-I Glass Inc. Add +2.7% 0.30% +0.04
TAP Molson Coors Beverage Co. Class B Add +2.8% 0.39% +0.03
GM General Motors Co. Add +14.3% 0.98% +0.03
UGI Ugi Corp. Add +2.7% 0.57% +0.03
CTRA Coterra Energy Inc. Add +58.0% 0.11% +0.03
SDY SS SPDR S&P Dividend ETF Add +0.6% 0.46% +0.02
UNL United States 12 Month Natur Add +105.0% 0.04% +0.02
VZ Verizon Communications Inc. Add +0.9% 0.48% +0.01
CMCSA Comcast Corp. Class A Add +2.6% 0.49% +0.01
GD General Dynamics Corp. Add +1.6% 0.08% −0.00
LNG Cheniere Energy Inc. Add +2.8% 0.55% −0.01
TNL Travel + Leisure Co. Add +2.9% 0.46% −0.01
DOW Dow Inc. Add +2.3% 2.09% −0.03
CXW Corecivic Inc. Add +2.1% 0.43% −0.03
ZBH Zimmer Biomet Holdings Inc. Add +3.7% 1.38% −0.05
WDS Woodside Energy Group-ADR Add +10.5% 1.05% −0.06
HPE Hewlett Packard Enterprise Add +2.7% 0.78% −0.06
NVO Novo-Nordisk A/S-Spons ADR Add +0.9% 0.52% −0.14
MCK McKesson Corp. Add +2.9% 0.75% −0.17
VLO Valero Energy Corp. Add +2.3% 1.18% −0.25

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