Institutional Manager · CIK 0001442573
HOURGLASS CAPITAL, LLC
HOUSTON, TX · File #028-13181
Latest AUM
$463.7M
Positions
114
Top-10 Concentration
31.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | IRON MTN INC DEL | 46284V101 | +46,200 | +$3.8M | -$643,001 |
| EXITED | MANPOWERGROUP INC WIS | 56418H100 | -73,590 | -$2.8M | $0 |
| ADD | COMCAST CORP NEW | CCZ | +54,060 | +$1.6M | -$91,923 |
| NEW | UNION PAC CORP | UNP | +6,555 | +$1.5M | $0 |
| ADD | ISHARES TR | 464287598 | +5,270 | +$1.1M | +$7,215 |
| ADD | VICI PPTYS INC | 925652109 | +34,080 | +$958,330 | -$786,545 |
| REDUCE | LYONDELLBASELL INDUSTRIES N | LYB | -21,330 | -$923,589 | -$705,291 |
| REDUCE | KRAFT HEINZ CO | KHC | -38,080 | -$923,440 | -$424,535 |
| REDUCE | ABBVIE INC | ABBV | -3,960 | -$904,820 | -$130,772 |
| REDUCE | ALPHABET INC | GOOG | -2,730 | -$854,490 | +$3.6M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025114 pos · $463.7M
- 13F HOLDINGS REPORTQ/E Sep 2025106 pos · $445.4M
- 13F HOLDINGS REPORTQ/E Jun 2025106 pos · $404.5M
- 13F HOLDINGS REPORTQ/E Mar 2025110 pos · $382.2M
- 13F HOLDINGS REPORTQ/E Dec 2024105 pos · $362.6M
- 13F HOLDINGS REPORTQ/E Sep 2024106 pos · $359.0M
- 13F HOLDINGS REPORTQ/E Jun 2024103 pos · $336.4M
- 13F HOLDINGS REPORTQ/E Mar 2024102 pos · $331.9M
- 13F HOLDINGS REPORTQ/E Dec 202399 pos · $283.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NEWMONT CORP | NEMCL | 155,434 | $15.5M | 4.08% |
| 2 | ALPHABET INC | GOOG | 48,280 | $15.1M | 3.97% |
| 3 | CITIGROUP INC | C-PR | 116,222 | $13.6M | 3.56% |
| 4 | MORGAN STANLEY | MS-PQ | 70,150 | $12.5M | 3.27% |
| 5 | GOLDMAN SACHS GROUP INC | GSCE | 14,094 | $12.4M | 3.25% |
| 6 | CISCO SYS INC | CSCO | 148,822 | $11.5M | 3.01% |
| 7 | CORE NATURAL RESOURCES INC | CNR | 125,195 | $11.1M | 2.91% |
| 8 | PFIZER INC | PFE | 438,148 | $10.9M | 2.87% |
| 9 | ORACLE CORP | ORCL-PD | 49,294 | $9.6M | 2.52% |
| 10 | SLB LIMITED | SLB | 234,915 | $9.0M | 2.37% |
| 11 | ABBVIE INC | ABBV | 38,916 | $8.9M | 2.34% |
| 12 | PHILIP MORRIS INTL INC | 718172109 | 53,405 | $8.6M | 2.25% |
| 13 | HCA HEALTHCARE INC | HCA | 18,105 | $8.5M | 2.22% |
| 14 | WALMART INC | WMT | 75,593 | $8.4M | 2.21% |
| 15 | KIRBY CORP | KEX | 75,080 | $8.3M | 2.17% |
| 16 | DELTA AIR LINES INC DEL | DAL | 113,814 | $7.9M | 2.07% |
| 17 | FREEPORT-MCMORAN INC | FCX | 155,193 | $7.9M | 2.07% |
| 18 | KINDER MORGAN INC DEL | EP-PC | 279,219 | $7.7M | 2.02% |
| 19 | NVIDIA CORPORATION | NVDA | 40,975 | $7.6M | 2.01% |
| 20 | APPLE INC | AAPL | 27,982 | $7.6M | 2.00% |