Hourglass Capital, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Hourglass Capital, LLC reported 127 stock positions worth $508.4 million. Its top holding was Alphabet Class A (GOOGL) at 3.2% of the portfolio, followed by Citigroup (C, 3.0%) and Cisco Systems (CSCO, 2.8%). Compared with Q1 2026, it opened 4 new positions, sold out of 7, added to 33 and reduced 44. The biggest buy was Altria (MO, shares +34%) and the biggest sale Lyondellbasell Indu Class A (LYB, shares −0%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001442573
Portfolio Value
$508.4M (Q2 2026)
SEC Filing
0001442573-26-000003 ↗ filed Jul 30, 2026

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 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 $508.4M Q2 2026

Holdings 127 stocks · $508.4M
GOOGL Alphabet Inc. Class A 3.16% 44,991 $16.1M Reduce -0.6%
C Citigroup Inc. 2.98% 108,137 $15.1M Reduce -2.3%
CSCO Cisco Systems Inc. 2.83% 122,460 $14.4M Reduce -12.7%
MS Morgan Stanley 2.61% 63,520 $13.3M Reduce -0.9%
GS Goldman Sachs Group Inc. 2.61% 13,124 $13.3M Reduce -0.4%
SPY SS SPDR S&P 500 ETF Trust-US 2.55% 17,372 $13.0M Add +1.2%
NVDA Nvidia Corp. 2.50% 63,631 $12.7M Reduce -0.4%
CNR Core Natural Resources Inc. 2.46% 156,451 $12.5M Add +25.8%
NEM Newmont Corp. 2.23% 121,570 $11.4M Add +3.4%
UBER Uber Technologies Inc. 2.20% 155,135 $11.2M Add +9.8%
FCX Freeport-McMoran Inc. 1.84% 148,678 $9.4M Reduce -14.4%
AVGO Broadcom Inc. 1.78% 23,983 $9.1M Reduce -4.8%
MSFT Microsoft Corp. 1.78% 24,271 $9.1M Add +0.0%
KEX Kirby Corp. 1.74% 65,215 $8.9M Reduce -0.5%
PFE Pfizer Inc. 1.69% 357,348 $8.6M Add +2.8%
XOM Exxon Mobil Corp. 1.65% 61,443 $8.4M Add +1.7%
WMB Williams Cos Inc. 1.64% 112,460 $8.4M Reduce -0.4%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.64% 66,050 $8.3M Reduce -5.2%
ABBV Abbvie Inc. 1.63% 33,010 $8.3M Reduce -3.1%
KHC The Kraft Heinz Co. 1.63% 350,180 $8.3M Add +6.5%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 1.58% 96,290 $8.0M Add +0.2%
KMI Kinder Morgan Inc. 1.58% 250,519 $8.0M No change
SLB SLB Ltd. filed as SLB LIMITED 1.55% 169,780 $7.9M Reduce -1.7%
ORCL Oracle Corp. 1.55% 53,756 $7.9M Add +9.0%
UNP Union Pacific Corp. 1.53% 28,571 $7.8M Add +1.7%
WMT Walmart Inc. 1.52% 68,225 $7.7M Reduce -1.3%
PANW Palo Alto Networks Inc. 1.52% 22,625 $7.7M No change
HD Home Depot Inc. 1.51% 21,739 $7.7M Reduce -5.0%
VLY Valley National Bancorp 1.49% 516,500 $7.6M Reduce -0.7%
GSK GSK PLC-Spon ADR 1.49% 144,170 $7.6M Reduce -0.0%
AAPL Apple Inc. 1.49% 26,117 $7.6M Reduce -0.7%
UPS United Parcel Service Class B 1.47% 69,725 $7.5M Add +9.2%
LAMR Lamar Advertising Co. Class A 1.46% 47,630 $7.4M Reduce -2.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.39% 25,146 $7.1M Reduce -0.5%
CVX Chevron Corp. 1.38% 42,354 $7.0M Add +0.8%
VZ Verizon Communications Inc. 1.34% 161,208 $6.8M Add +36.1%
PM Philip Morris International 1.34% 37,624 $6.8M Reduce -1.0%
HCA HCA Healthcare Inc. 1.28% 16,640 $6.5M Reduce -0.1%
LYB Lyondellbasell Indu Class A 1.26% 121,218 $6.4M Reduce -0.1%
WDS Woodside Energy Group-ADR 1.24% 326,760 $6.3M Add +0.7%
MAIN Main Street Capital Corp. 1.24% 121,650 $6.3M Reduce -1.5%
ZBH Zimmer Biomet Holdings Inc. 1.22% 72,315 $6.2M Reduce -7.3%
RF Regions Financial Corp. 1.18% 198,090 $6.0M Reduce -1.1%
SJM The JM Smucker Co. filed as SMUCKER J M CO 1.16% 52,280 $5.9M Add +1.6%
VICI Vici Properties Inc. filed as VICI PPTYS INC 1.16% 221,358 $5.9M Reduce -0.1%
MO Altria Group Inc. 1.11% 78,090 $5.6M Add +33.5%
HPQ HP Inc. 1.09% 253,039 $5.6M Add +0.4%
QCOM Qualcomm Inc. 0.95% 26,135 $4.8M Reduce -7.5%
AMZN Amazon.com Inc. 0.88% 18,820 $4.5M No change
T AT&T Inc. 0.87% 214,740 $4.4M Reduce -0.0%
IGSB iShares 1-5Y Inv Grade Corp. 0.73% 71,200 $3.7M Add +15.2%
FLG Flagstar Bank NA 0.69% 235,100 $3.5M Add +2.2%
SOFI Sofi Technologies Inc. 0.67% 188,700 $3.4M Add +11.1%
QQQ Invesco QQQ Trust Series 1 0.66% 4,586 $3.4M Add +1.7%
BKR Baker Hughes Co. 0.56% 50,950 $2.8M Reduce -1.6%
RSP Invesco S&P 500 Equal Weight 0.53% 12,620 $2.7M No change
XLK SS Technology Select Sector 0.47% 12,444 $2.4M Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.45% 4,620 $2.3M Add +0.7%
FHI Federated Hermes Inc. 0.42% 38,650 $2.1M Add +4.3%
FITB Fifth Third Bancorp 0.42% 37,450 $2.1M Reduce -2.4%
JNJ Johnson & Johnson 0.41% 8,260 $2.1M Reduce -1.7%
VWO Vanguard Ftse Emerging Marke 0.40% 34,345 $2.1M Reduce -7.3%
FSLR First Solar Inc. 0.40% 8,565 $2.0M Add +1.5%
VTI VG Morningstar TS MKT ETF-US 0.37% 5,059 $1.9M No change
PWR Quanta Services Inc. 0.35% 2,500 $1.8M No change
GLD SPDR Gold Shares 0.34% 4,730 $1.7M Add +456.5%
META Meta Platforms Inc. Class A 0.34% 3,025 $1.7M No change
DOW Dow Inc. filed as DOW HLDGS INC 0.33% 62,100 $1.7M Reduce -1.8%
VB Vanguard Most SM-Cap ETF-Usd 0.29% 4,925 $1.5M No change
JFR Nuveen Floating Rate Income 0.29% 193,824 $1.5M Reduce -1.9%
MPLX MPLX LP 0.29% 25,872 $1.5M No change
TSLA Tesla Inc. 0.29% 3,450 $1.5M No change
SDY SS SPDR S&P Dividend ETF 0.28% 9,455 $1.4M Add +0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.28% 17,640 $1.4M No change
MSD Morgan Stanley Emrg MKT Debt 0.28% 191,500 $1.4M Reduce -2.1%
FFIN First Finl Bankshares Inc. 0.27% 40,000 $1.4M No change
EPD Enterprise Products Partners 0.27% 37,447 $1.4M No change
TRGP Targa Resources Corp. 0.26% 4,998 $1.3M No change
TBF Proshares Short 20+ Treasury 0.25% 53,200 $1.3M Add +0.2%
DHI D.R. Horton Inc. 0.23% 7,060 $1.1M No change
XAWFX Alliancebernstein GL Hi Inc. 0.22% 108,380 $1.1M Reduce -0.9%
ET Energy Transfer LP 0.21% 57,141 $1.1M No change
FCT First Trust SNR FL RT Inc. II 0.21% 111,800 $1.1M Reduce -1.8%
NFLX Netflix Inc. 0.21% 15,000 $1.1M No change
LMT Lockheed Martin Corp. 0.21% 2,070 $1.1M Add +31.9%
DAL Delta Air Lines Inc. 0.21% 11,200 $1.0M Reduce -63.3%
XEFRX Eaton Vance Sr FLTG Rate TR 0.20% 96,500 $1.0M No change
PLTR Palantir Technologies Inc. Class A 0.20% 8,500 $992K Add +17.2%
JNK SS SPDR BB High Yield Bond 0.18% 9,700 $935K Add +2.1%
HEDJ Wisdomtree Europe Hedged Equ 0.18% 16,010 $913K No change
MOS The Mosaic Co. 0.17% 41,100 $871K Add +17.1%
COST Costco Wholesale Corp. 0.16% 880 $823K No change
AIRR First Trust Rba American Ind 0.16% 6,000 $800K No change
CRM Salesforce Inc. 0.15% 4,950 $775K Reduce -23.3%
CRWD CrowdStrike Holdings Inc. Class A 0.15% 1,000 $763K No change
MSDL Morgan Stanley Direct Lendin 0.14% 48,672 $736K No change
DDOG Datadog Inc. Class A 0.13% 2,500 $651K No change
ETN Eaton Corp. PLC 0.13% 1,500 $639K No change
WES Western Midstream Partners L 0.11% 13,308 $582K No change
ANET Arista Networks Inc. 0.11% 3,250 $552K No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.10% 1,000 $522K New
TRP TC Energy Corp. 0.10% 7,760 $514K No change
SPMO Invesco S&P 500 Momentum ETF 0.10% 3,000 $485K No change
CAT Caterpillar Inc. 0.09% 437 $465K No change
CEG Constellation Energy 0.09% 1,750 $435K No change
XLC SS Comm Select Sector SPDR 0.08% 4,000 $429K No change
NEXT Nextdecade Corp. 0.08% 55,814 $421K No change
ENB Enbridge Inc. 0.08% 7,204 $391K No change
OEF iShares S&P 100 ETF 0.07% 1,042 $381K Add +10.8%
SGIOY Shionogi & Co. Ltd.-Unspon ADR 0.07% 43,900 $375K Reduce -13.8%
ABT Abbott Laboratories 0.07% 4,000 $363K Reduce -20.0%
PAGP Plains GP Holdings LP 0.06% 12,255 $297K No change
BLK BlackRock Inc. 0.06% 300 $288K No change
GOOG Alphabet Inc. Class C 0.06% 798 $282K No change
XLF SS Financial Select Sector 0.05% 4,937 $265K No change
DVN Devon Energy Corp. 0.05% 6,315 $261K New
OKE Oneok Inc. 0.05% 2,961 $257K No change
CL Colgate-Palmolive Co. 0.05% 2,800 $257K No change
GLW Corning Inc. 0.05% 1,000 $255K New
IWD iShares Russell 1000 Value E 0.05% 1,039 $252K No change
HYT BlackRock Corp. Hi YLD 0.05% 29,279 $251K Reduce -2.1%
WFC Wells Fargo & Co. 0.05% 3,000 $248K No change
TYBT Trinity Bank NA/Texas 0.05% 2,400 $231K No change
VLO Valero Energy Corp. 0.04% 869 $226K No change
CQP Cheniere Energy Partners LP 0.04% 3,653 $223K No change
SHEL Shell PLC-ADR 0.04% 2,650 $205K No change
SUN Sunoco LP 0.04% 3,003 $203K New

Portfolio Sells Q1 2026 → Q2 2026
LYB Lyondellbasell Indu Class A Reduce -0.1% 1.26% −0.78
T AT&T Inc. Reduce -0.0% 0.87% −0.42
HCA HCA Healthcare Inc. Reduce -0.1% 1.28% −0.37
SLB SLB Ltd. Reduce -1.7% 1.55% −0.29
FCX Freeport-McMoran Inc. Reduce -14.4% 1.84% −0.29
WMT Walmart Inc. Reduce -1.3% 1.52% −0.27
ZBH Zimmer Biomet Holdings Inc. Reduce -7.3% 1.22% −0.24
DAL Delta Air Lines Inc. Reduce -63.3% 0.21% −0.22
DOW Dow Inc. Reduce -1.8% 0.33% −0.21
GSK GSK PLC-Spon ADR Reduce -0.0% 1.49% −0.17
APO Apollo Global Management Inc. Sold out 0.00% −0.16
MAIN Main Street Capital Corp. Reduce -1.5% 1.24% −0.12
VICI Vici Properties Inc. Reduce -0.1% 1.16% −0.10
BKR Baker Hughes Co. Reduce -1.6% 0.56% −0.10
CRM Salesforce Inc. Reduce -23.3% 0.15% −0.10
CLF Cleveland-Cliffs Inc. Sold out 0.00% −0.09
SNOW Snowflake Inc. Sold out 0.00% −0.08
KEX Kirby Corp. Reduce -0.5% 1.74% −0.07
WMB Williams Cos Inc. Reduce -0.4% 1.64% −0.07
HD Home Depot Inc. Reduce -5.0% 1.51% −0.06
CTRA Coterra Energy Inc. Sold out 0.00% −0.05
SGIOY Shionogi & Co. Ltd.-Unspon ADR Reduce -13.8% 0.07% −0.04
HESM Hess Midstream LP Class A Sold out 0.00% −0.04
TBT Proshares Ultrashort 20+Y TR Sold out 0.00% −0.04
ABT Abbott Laboratories Reduce -20.0% 0.07% −0.04
EGY Vaalco Energy Inc. Sold out 0.00% −0.03
JFR Nuveen Floating Rate Income Reduce -1.9% 0.29% −0.02
FCT First Trust SNR FL RT Inc. II Reduce -1.8% 0.21% −0.02
JNJ Johnson & Johnson Reduce -1.7% 0.41% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -7.3% 0.40% −0.01
XAWFX Alliancebernstein GL Hi Inc. Reduce -0.9% 0.22% −0.01
MSD Morgan Stanley Emrg MKT Debt Reduce -2.1% 0.28% −0.01
HYT BlackRock Corp. Hi YLD Reduce -2.1% 0.05% −0.00
PM Philip Morris International Reduce -1.0% 1.34% +0.03
FITB Fifth Third Bancorp Reduce -2.4% 0.42% +0.04
RF Regions Financial Corp. Reduce -1.1% 1.18% +0.09
ABBV Abbvie Inc. Reduce -3.1% 1.63% +0.09
AAPL Apple Inc. Reduce -0.7% 1.49% +0.10
IBM Intl Business Machines Corp. Reduce -0.5% 1.39% +0.12
XLK SS Technology Select Sector Reduce -1.6% 0.47% +0.12
VLY Valley National Bancorp Reduce -0.7% 1.49% +0.16
AVGO Broadcom Inc. Reduce -4.8% 1.78% +0.16
IRM Iron Mountain Inc. Reduce -5.2% 1.64% +0.16
LAMR Lamar Advertising Co. Class A Reduce -2.1% 1.46% +0.18
NVDA Nvidia Corp. Reduce -0.4% 2.50% +0.19
QCOM Qualcomm Inc. Reduce -7.5% 0.95% +0.19
GS Goldman Sachs Group Inc. Reduce -0.4% 2.61% +0.29
C Citigroup Inc. Reduce -2.3% 2.98% +0.36
MS Morgan Stanley Reduce -0.9% 2.61% +0.42
GOOGL Alphabet Inc. Class A Reduce -0.6% 3.16% +0.46

Portfolio Buys Q1 2026 → Q2 2026
MO Altria Group Inc. Add +33.5% 1.11% +0.30
GLD SPDR Gold Shares Add +456.5% 0.34% +0.27
SPY SS SPDR S&P 500 ETF Trust-US Add +1.2% 2.55% +0.23
UPS United Parcel Service Class B Add +9.2% 1.47% +0.17
SJM The JM Smucker Co. Add +1.6% 1.16% +0.12
BHP BHP Group Ltd.-Spon ADR Add +0.2% 1.58% +0.12
QQQ Invesco QQQ Trust Series 1 Add +1.7% 0.66% +0.12
UNP Union Pacific Corp. Add +1.7% 1.53% +0.11
VZ Verizon Communications Inc. Add +36.1% 1.34% +0.11
SOFI Sofi Technologies Inc. Add +11.1% 0.67% +0.10
DIA SS SPDR Dow Jones Indus Avg New 0.10% +0.10
KHC The Kraft Heinz Co. Add +6.5% 1.63% +0.09
UBER Uber Technologies Inc. Add +9.8% 2.20% +0.09
HPQ HP Inc. Add +0.4% 1.09% +0.08
FLG Flagstar Bank NA Add +2.2% 0.69% +0.06
IGSB iShares 1-5Y Inv Grade Corp. Add +15.2% 0.73% +0.06
DVN Devon Energy Corp. New 0.05% +0.05
FSLR First Solar Inc. Add +1.5% 0.40% +0.05
GLW Corning Inc. New 0.05% +0.05
ORCL Oracle Corp. Add +9.0% 1.55% +0.04
SUN Sunoco LP New 0.04% +0.04
OEF iShares S&P 100 ETF Add +10.8% 0.07% +0.01
LMT Lockheed Martin Corp. Add +31.9% 0.21% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +0.7% 0.45% −0.00
SDY SS SPDR S&P Dividend ETF Add +0.2% 0.28% −0.00
JNK SS SPDR BB High Yield Bond Add +2.1% 0.18% −0.01
TBF Proshares Short 20+ Treasury Add +0.2% 0.25% −0.01
MOS The Mosaic Co. Add +17.1% 0.17% −0.01
FHI Federated Hermes Inc. Add +4.3% 0.42% −0.02
PLTR Palantir Technologies Inc. Class A Add +17.2% 0.20% −0.03
MSFT Microsoft Corp. Add +0.0% 1.78% −0.09
CNR Core Natural Resources Inc. Add +25.8% 2.46% −0.25
PFE Pfizer Inc. Add +2.8% 1.69% −0.34
WDS Woodside Energy Group-ADR Add +0.7% 1.24% −0.37
NEM Newmont Corp. Add +3.4% 2.23% −0.42
CVX Chevron Corp. Add +0.8% 1.38% −0.43
XOM Exxon Mobil Corp. Add +1.7% 1.65% −0.48

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