HOURGLASS CAPITAL, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOGL | $14.1M | 41,011 | -0.27pp | 32q | -8.8%-$1.4M | |
| NVIDIA CORPORATION | NVDA | $13.8M | 60,240 | +0.32pp | 9q | -5.3%-$774.4K | |
| NEWMONT CORP | NEM | $13.1M | 113,279 | +0.44pp | 15q | -6.8%-$956.3K | |
| CITIGROUP INC | C | $13.1M | 100,894 | -0.30pp | 32q | -6.7%-$937.8K | |
| CORE NATURAL RESOURCES INC | CNR | $12.0M | 140,006 | flat | 7q | -10.5%-$1.4M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $11.5M | 15,125 | -0.19pp | 32q | -12.9%-$1.7M | |
| CISCO SYS INC | CSCO | $11.4M | 105,571 | -0.50pp | 32q | -13.8%-$1.8M | |
| MICROSOFT CORP | MSFT | $11.4M | 22,144 | +0.55pp | 32q | -8.8%-$1.1M | |
| MORGAN STANLEY | MS | $10.9M | 57,930 | -0.38pp | 32q | -8.8%-$1.1M | |
| GOLDMAN SACHS GROUP INC | GS | $10.4M | 11,510 | -0.49pp | 32q | -12.3%-$1.5M | |
| UBER TECHNOLOGIES INC | UBER | $10.2M | 148,946 | -0.11pp | 4q | -4.0%-$424.0K | |
| FREEPORT-MCMORAN INC | FCX | $10.0M | 142,678 | +0.21pp | 24q | -4.0%-$420.0K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $10.0M | 61,308 | - | new | NEW | |
| PFIZER INC | PFE | $9.8M | 344,398 | +0.32pp | 32q | -3.6%-$369.3K | |
| PALO ALTO NETWORKS INC | PANW | $9.0M | 22,625 | +0.32pp | 3q | HELD | |
| BROADCOM INC | AVGO | $8.9M | 25,405 | +0.05pp | 27q | +5.9%+$499.4K | |
| APPLE INC | AAPL | $8.6M | 25,972 | +0.29pp | 32q | -0.6%-$48.3K | |
| ORACLE CORP | ORCL | $8.3M | 60,678 | +0.16pp | 32q | +12.9%+$950.4K | |
| BHP BILLITON LIMITED | BHP | $8.2M | 96,170 | +0.09pp | 32q | HELD | |
| HCA Healthcare, Inc. | HCA | $8.2M | 19,110 | +0.40pp | 32q | +14.8%+$1.1M | |
| CHEVRON CORPORATION | CVX | $7.8M | 38,099 | +0.21pp | 32q | -10.0%-$868.9K | |
| HP INC | HPQ | $7.8M | 248,659 | +0.50pp | 27q | -1.7%-$137.0K | |
| KIRBY CORP | KEX | $7.8M | 59,115 | -0.15pp | 22q | -9.4%-$800.6K | |
| WILLIAMS COS INC | WMB | $7.6M | 112,210 | -0.08pp | 32q | HELD | |
| SLB LIMITED | SLB | $7.6M | 155,280 | flat | 32q | -8.5%-$706.4K | |
| KRAFT HEINZ CO | KHC | $7.4M | 326,630 | -0.11pp | 12q | -6.7%-$535.1K | |
| WOODSIDE ENERGY GROUP LTD | WDS | $7.3M | 329,668 | +0.26pp | 18q | +0.9%+$64.5K | |
| UNION PAC CORP | UNP | $7.2M | 26,536 | -0.05pp | 4q | -7.1%-$553.8K | |
| KINDER MORGAN INC DEL | KMI | $7.2M | 239,199 | -0.10pp | 29q | -4.5%-$341.3K | |
| PHILIP MORRIS INTL INC | PM | $7.2M | 37,514 | +0.13pp | 32q | HELD | |
| GSK PLC | GSK | $7.0M | 144,672 | -0.06pp | 7q | HELD | |
| WALMART INC | WMT | $6.8M | 65,665 | -0.12pp | 27q | -3.8%-$266.0K | |
| LAMAR ADVERTISING CO | LAMR | $6.8M | 46,850 | -0.08pp | 9q | -1.6%-$112.4K | |
| MAIN STR CAP CORP | MAIN | $6.7M | 122,050 | +0.14pp | 23q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $6.7M | 145,278 | +0.02pp | 32q | -9.9%-$730.7K | |
| LYONDELLBASELL INDUSTRIES NV | LYB | $6.5M | 113,458 | +0.08pp | 32q | -6.4%-$446.0K | |
| UNITED PARCEL SVCS INC | UPS | $6.3M | 67,735 | -0.18pp | 8q | -2.9%-$185.9K | |
| AT&T INC | T | $6.3M | 258,490 | +0.42pp | 32q | +20.4%+$1.1M | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $6.3M | 70,990 | +0.07pp | 32q | -1.8%-$117.7K | |
| SMUCKER J M CO | SJM | $6.2M | 51,730 | +0.10pp | 10q | -1.1%-$65.4K | |
| VALLEY NATL BANCORP | VLY | $6.0M | 473,300 | -0.26pp | 32q | -8.4%-$545.2K | |
| ABBVIE INC | ABBV | $5.8M | 22,210 | -0.44pp | 32q | -32.7%-$2.8M | |
| SPACE EXPLORATION TECHN CORP | SPCX | $5.8M | 38,307 | - | new | NEW | |
| PAYCHEX INC | PAYX | $5.8M | 58,635 | - | new | NEW | |
| HOME DEPOT INC | HD | $5.7M | 19,995 | -0.34pp | 32q | -8.0%-$496.2K | |
| ALTRIA GROUP INC | MO | $5.6M | 83,000 | +0.04pp | 4q | +6.3%+$330.6K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $5.2M | 23,756 | -0.32pp | 32q | -5.5%-$305.7K | |
| REGIONS FINANCIAL CORP NEW | RF | $5.0M | 184,190 | -0.16pp | 7q | -7.0%-$373.6K | |
| QUALCOMM INC | QCOM | $4.8M | 26,080 | +0.03pp | 32q | HELD | |
| AMAZON COM INC | AMZN | $4.7M | 18,820 | +0.08pp | 3q | HELD | |
| VICI PPTYS INC | VICI | $3.9M | 171,840 | -0.35pp | 18q | -22.4%-$1.1M | |
| ISHARES TR | IGSB | $3.9M | 75,300 | +0.06pp | 3q | +5.8%+$210.0K | |
| INVESCO QQQ TR | QQQ | $3.3M | 4,526 | +0.02pp | 3q | -1.3%-$44.4K | |
| BAKER HUGHES COMPANY | BKR | $2.8M | 51,450 | +0.02pp | 32q | +1.0%+$27.4K | |
| FLAGSTAR BANK NATIONAL ASSOC | FLG | $2.8M | 240,100 | -0.12pp | 8q | +2.1%+$58.4K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $2.6M | 12,620 | +0.01pp | 3q | HELD | |
| SOFI TECHNOLOGIES INC | SOFI | $2.3M | 143,600 | -0.20pp | 4q | -23.9%-$709.0K | |
| META PLATFORMS INC | META | $2.2M | 3,025 | +0.11pp | 3q | HELD | |
| VANGUARD INDEX FDS | VTI | $1.9M | 5,059 | +0.02pp | 15q | HELD | |
| SPDR GOLD TR | GLD | $1.8M | 4,770 | +0.03pp | 3q | +0.8%+$15.2K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $1.8M | 30,045 | -0.04pp | 4q | -12.5%-$255.0K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.8M | 3,560 | -0.09pp | 32q | -22.9%-$527.8K | |
| FIRST SOLAR INC | FSLR | $1.7M | 9,665 | -0.05pp | 7q | +12.8%+$192.7K | |
| QUANTA SVCS INC | PWR | $1.6M | 2,500 | -0.02pp | 3q | HELD | |
| IRON MTN INC DEL | IRM | $1.6M | 14,450 | -1.31pp | 19q | -78.1%-$5.7M | |
| MPLX LP | MPLX | $1.5M | 25,872 | +0.01pp | 3q | HELD | |
| NUVEEN FLOATING RATE INCOME | JFR | $1.5M | 195,640 | +0.01pp | 3q | +0.9%+$13.5K | |
| PROSHARES TR | TBF | $1.4M | 53,600 | +0.04pp | 3q | +0.8%+$10.7K | |
| VANGUARD INDEX FDS | VB | $1.4M | 4,925 | -0.01pp | 3q | HELD | |
| VANGUARD INDEX FDS | VO | $1.4M | 17,640 | flat | 3q | HELD | |
| PALANTIR TECHNOLOGIES INC | PLTR | $1.4M | 7,250 | +0.08pp | 3q | -14.7%-$233.8K | |
| DOW HLDGS INC | DOW | $1.4M | 49,190 | -0.06pp | 30q | -20.8%-$355.5K | |
| TARGA RES CORP | TRGP | $1.4M | 4,998 | +0.01pp | 3q | HELD | |
| SPDR SERIES TRUST | SDY | $1.3M | 9,165 | -0.01pp | 32q | -3.1%-$42.5K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $1.3M | 37,447 | flat | 3q | HELD | |
| MORGAN STANLEY EMKT DBT FD I | MSD | $1.3M | 192,500 | -0.01pp | 3q | +0.5%+$6.7K | |
| MOSAIC CO | MOS | $1.3M | 59,600 | +0.09pp | 8q | +45.0%+$400.5K | |
| TESLA INC | TSLA | $1.2M | 3,450 | -0.03pp | 3q | HELD | |
| SALESFORCE INC | CRM | $1.1M | 4,950 | +0.08pp | 3q | HELD | |
| ENERGY TRANSFER L P | ET | $1.1M | 57,141 | +0.02pp | 3q | HELD | |
| JOHNSON & JOHNSON | JNJ | $1.1M | 4,260 | -0.18pp | 32q | -48.4%-$1.1M | |
| FIFTH THIRD BANCORP | FITB | $1.1M | 20,950 | -0.20pp | 32q | -44.1%-$834.6K | |
| CROWDSTRIKE HLDGS INC | CRWD | $1.1M | 4,000 | +0.07pp | 3q | HELD | |
| FIRST TRUST FLEXIBLE | FFLX | $1.1M | 112,100 | - | new | NEW | |
| NETFLIX INC. | NFLX | $1.0M | 15,000 | flat | 3q | HELD | |
| ALLIANCEBERNSTEIN GLOBAL HIG | AWF | $1.0M | 105,937 | -0.01pp | 3q | -2.3%-$23.8K | |
| EATON VANCE SR FLTNG RTE TR | EFR | $1.0M | 96,500 | flat | 3q | HELD | |
| SPDR SERIES TRUST | JNK | $909.0K | 9,800 | flat | 3q | +1.0%+$9.3K | |
| WISDOMTREE TR | HEDJ | $887.9K | 16,010 | flat | 3q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $830.1K | 1,630 | -0.04pp | 32q | -21.3%-$224.1K | |
| COSTCO WHOLESALE CORPORATION | COST | $801.1K | 880 | flat | 11q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $752.5K | 3,844 | -0.31pp | 14q | -69.1%-$1.7M | |
| DATADOG INC | DDOG | $684.6K | 2,500 | +0.01pp | 3q | HELD | |
| MORGAN STANLEY DIRECT LENDIN | MSDL | $663.4K | 48,672 | -0.01pp | 3q | HELD | |
| ARISTA NETWORKS INC | ANET | $661.7K | 3,250 | +0.03pp | 3q | HELD | |
| FEDERATED HERMES INC | FHI | $648.3K | 11,500 | -0.29pp | 32q | -70.2%-$1.5M | |
| EATON CORP PLC | ETN | $644.6K | 1,500 | +0.01pp | 28q | HELD | |
| FIRST TR EXCHANGE-TRADED FD | AIRR | $619.4K | 6,000 | -0.03pp | 3q | HELD | |
| WESTERN MIDSTREAM PARTNERS L | WES | $590.5K | 13,308 | +0.01pp | 3q | HELD | |
| MICRON TECHNOLOGY INC | MU | $543.2K | 510 | - | new | NEW | |
| STATE STR SPDR DOW JONES IND | DIA | $508.6K | 1,000 | flat | 2q | HELD | |
| INVESCO EXCH TRADED FD TR II | SPMO | $454.7K | 3,000 | flat | 3q | HELD | |
| TC ENERGY CORP | TRP | $448.4K | 7,760 | -0.01pp | 3q | HELD | |
| CONSTELLATION ENERGY CORP | CEG | $444.5K | 1,750 | +0.01pp | 3q | HELD | |
| DEVON ENERGY CORP NEW | DVN | $427.0K | 9,275 | +0.04pp | 2q | +46.9%+$136.3K | |
| SHIONOGI & CO LTD | SGIOY | $370.6K | 40,900 | flat | 3q | -6.8%-$27.2K | |
| NEXTDECADE CORP | NEXT | $354.4K | 55,814 | -0.01pp | 3q | HELD | |
| CATERPILLAR INC | CAT | $350.3K | 432 | -0.02pp | 16q | -1.1%-$4.1K | |
| ISHARES TR | OEF | $340.1K | 890 | -0.01pp | 32q | -14.6%-$58.1K | |
| VALERO ENERGY CORP | VLO | $336.8K | 869 | +0.02pp | 28q | HELD | |
| ENBRIDGE INC | ENB | $334.9K | 7,204 | -0.01pp | 3q | HELD | |
| BLACKROCK INC | BLK | $317.5K | 300 | +0.01pp | 3q | HELD | |
| PLAINS GP HLDGS L P | PAGP | $317.4K | 12,255 | +0.01pp | 3q | HELD | |
| BOEING CO | BA | $279.1K | 1,500 | - | new | NEW | |
| ALPHABET INC | GOOG | $271.9K | 798 | flat | 32q | HELD | |
| SELECT SECTOR SPDR TR | XLF | $263.6K | 4,937 | flat | 3q | HELD | |
| ONEOK INC NEW | OKE | $252.5K | 2,961 | - | new | NEW | |
| SHELL PLC | SHEL | $251.9K | 2,650 | +0.01pp | 3q | HELD | |
| ISHARES TR | IWD | $251.5K | 1,014 | flat | 23q | -2.4%-$6.2K | |
| PROSHARES TR | TBT | $242.2K | 5,700 | - | new | NEW | |
| WELLS FARGO & CO | WFC | $240.2K | 3,000 | flat | 3q | HELD | |
| Trinity Bank NA (TX) | $237.6K | 2,400 | flat | 3q | HELD | ||
| BLACKROCK CORPOR HI YLD FD I | HYT | $229.5K | 29,279 | flat | 3q | HELD | |
| Cheniere Energy Partners LP | CQP | $222.3K | 3,653 | flat | 3q | HELD | |
| SUNOCO LP/SUNOCO FIN CORP | SUN | $218.8K | 3,003 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $54.4M | 11.1% |
| Software & IT Services | $46.3M | 9.5% |
| Mining & Metals | $43.2M | 8.9% |
| Computer Hardware | $42.7M | 8.7% |
| Banks & Lending | $30.3M | 6.2% |
| Semiconductors & Electronics | $29.7M | 6.1% |
| Food, Drink & Tobacco | $26.3M | 5.4% |
| Funds & ETFs | $24.4M | 5.0% |
| Capital Markets | $24.0M | 4.9% |
| Biotech & Pharma | $23.7M | 4.9% |
| Transport & Logistics | $23.4M | 4.8% |
| Retail & Consumer | $18.0M | 3.7% |
| Other sectors | $75.9M | 15.6% |
| Not classified | $25.5M | 5.2% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +1.0% | +2.1% | -1.1% | 100% |
| Q2 2026 | +5.6% | +14.8% | -9.3% | 100% |
| Q1 2026 | +5.0% | -4.6% | +9.7% | 100% |
| Q4 2025 | +3.0% | +2.4% | +0.7% | 100% |
| Q3 2025 | +8.4% | +7.8% | +0.6% | 100% |
| Q2 2025 | +6.4% | +10.5% | -4.1% | 100% |
| Q1 2025 | +0.4% | -4.6% | +4.9% | 98% |
| Q4 2024 | -0.6% | +2.1% | -2.8% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $487.9M | 125 | 8 | 17 | 52 | 10 | 24.9% | 26 |
| Q2 2026 | $508.4M | 127 | 4 | 28 | 35 | 7 | 26.1% | 30 |
| Q1 2026 | $480.5M | 130 | 52 | 31 | 39 | 36 | 24.2% | 34 |
| Q4 2025 | $463.7M | 114 | 10 | 29 | 45 | 2 | 26.1% | 14 |
| Q3 2025 | $445.4M | 106 | 3 | 19 | 29 | 3 | 26.1% | 41 |
| Q2 2025 | $404.5M | 106 | 2 | 35 | 32 | 6 | 26.2% | 29 |
| Q1 2025 | $382.2M | 110 | 8 | 45 | 30 | 3 | 24.6% | 30 |
| Q4 2024 | $362.6M | 105 | 6 | 39 | 22 | 7 | 24.9% | 30 |
| Q3 2024 | $359.0M | 106 | 5 | 29 | 41 | 2 | 25.0% | 37 |
| Q2 2024 | $336.4M | 103 | 5 | 17 | 35 | 4 | 27.0% | 36 |
| Q1 2024 | $331.9M | 102 | 7 | 24 | 30 | 3 | 27.2% | 26 |
| Q4 2023 | $310.5M | 98 | 3 | 29 | 32 | 4 | 26.8% | 40 |
| Q3 2023 | $283.3M | 99 | 3 | 25 | 26 | 5 | 27.9% | 33 |
| Q2 2023 | $286.8M | 101 | 8 | 25 | 27 | 7 | 27.1% | 32 |
| Q1 2023 | $277.0M | 100 | 5 | 19 | 42 | 6 | 28.6% | 28 |
| Q4 2022 | $283.9M | 101 | 10 | 20 | 30 | 13 | 28.5% | 40 |
| Q3 2022 | $263.7M | 104 | 3 | 28 | 20 | 5 | 26.8% | 38 |
| Q2 2022 | $282.5M | 106 | 9 | 41 | 21 | 6 | 25.8% | 36 |
| Q1 2022 | $320.0M | 103 | 8 | 45 | 30 | 5 | 26.7% | 34 |
| Q4 2021 | $298.6M | 100 | 4 | 11 | 57 | 7 | 30.2% | 42 |
| Q3 2021 | $367.4M | 103 | 4 | 26 | 43 | 35 | 31.4% | 43 |
| Q2 2021 | $429.3M | 134 | 11 | 28 | 27 | 5 | 29.6% | 43 |
| Q1 2021 | $396.3M | 128 | 14 | 46 | 29 | 10 | 29.5% | 36 |
| Q4 2020 | $336.4M | 124 | 13 | 24 | 51 | 8 | 30.7% | 41 |
| Q3 2020 | $296.3M | 119 | 4 | 31 | 40 | 2 | 30.3% | 43 |
| Q2 2020 | $282.3M | 117 | 6 | 32 | 32 | 7 | 29.7% | 42 |
| Q1 2020 | $235.5M | 118 | 10 | 29 | 35 | 20 | 28.6% | 37 |
| Q4 2019 | $369.0M | 128 | 18 | 18 | 38 | 6 | 28.1% | 43 |
| Q3 2019 | $350.8M | 116 | 12 | 18 | 33 | 4 | 28.1% | 37 |
| Q2 2019 | $352.4M | 108 | 4 | 30 | 19 | 8 | 29.2% | 43 |
| Q1 2019 | $343.5M | 112 | 10 | 19 | 43 | 10 | 30.2% | 33 |
| Q4 2018 | $317.6M | 112 | 0 | 0 | 0 | 0 | 28.8% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.