Q2 2026 13F · SEC CIK 1442573

Hourglass Capital, LLC

Wealth managerFiled 2026-07-30 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $508.4M
Reported positions: 127
Top holdings a year, 3 yrs: +18.0%
Assets under management: $768.9M

Hourglass Capital, LLC is a wealth manager that reported 127 positions worth $508.4M in its Q2 2026 13F, filed 2026-07-30. Its largest holdings were Alphabet Inc (GOOGL, 3.2%), Citigroup Inc Com New (C, 3.0%), Cisco Sys Inc (CSCO, 2.8%). A portfolio copying its top holdings returned 18.0% a year over the last 3 years, against 20.4% for the S&P 500.

Hourglass Capital, LLC holdings largest 50 of 127 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Hourglass Capital, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
GOOGLAlphabet Inc	3.2%	2.7%	44,991	-0.6%	$16.1M
CCitigroup Inc Com New	3.0%	2.6%	108,137	-2.3%	$15.1M
CSCOCisco Sys Inc	2.8%	2.3%	122,460	-12.7%	$14.4M
MSMorgan Stanley Com New	2.6%	2.2%	63,520	-0.9%	$13.3M
GSGoldman Sachs Group Inc	2.6%	2.3%	13,124	-0.4%	$13.3M
SPYSpdr S&p 500 ETF Tr	2.6%	2.3%	17,372	+1.2%	$13.0M
NVDANvidia Corporation Com	2.5%	2.3%	63,631	-0.4%	$12.7M
CNRCore Natural Resources Inc	2.5%	2.7%	156,451	+25.8%	$12.5M
NEMNewmont Corp	2.2%	2.6%	121,570	+3.4%	$11.4M
UBERUber Technologies Inc	2.2%	2.1%	155,135	+9.8%	$11.2M
FCXFreeport Mcmoran Inc Cl B	1.8%	2.1%	148,678	-14.4%	$9.4M
AVGOBroadcom Inc	1.8%	1.6%	23,983	-4.8%	$9.1M
MSFTMicrosoft Corp	1.8%	1.9%	24,271	+0.0%	$9.1M
KEXKirby Corp	1.7%	1.8%	65,215	-0.5%	$8.9M
PFEPfizer Inc	1.7%	2.0%	357,348	+2.8%	$8.6M
XOMExxon Mobil Corp	1.7%	2.1%	61,443	+1.7%	$8.4M
WMBWilliams Companies	1.6%	1.7%	112,460	-0.4%	$8.4M
IRMIron Mountain Inc	1.6%	1.5%	66,050	-5.2%	$8.3M
ABBVAbbvie Inc	1.6%	1.5%	33,010	-3.1%	$8.3M
KHCKraft Heinz Co	1.6%	1.5%	350,180	+6.5%	$8.3M
BHPBhp Billiton Limited	1.6%	1.5%	96,290	+0.2%	$8.0M
KMIKinder Morgan Inc Del Com	1.6%	1.7%	250,519	+0.0%	$8.0M
SLBSlb Limited	1.6%	1.8%	169,780	-1.7%	$7.9M
ORCLOracle Corp	1.6%	1.5%	53,756	+9.0%	$7.9M
UNPUnion Pac Corp	1.5%	1.4%	28,571	+1.7%	$7.8M
WMTWalmart Inc	1.5%	1.8%	68,225	-1.3%	$7.7M
PANWPalo Alto Networks Inc	1.5%	0.8%	22,625	+0.0%	$7.7M
HDHome Depot Inc Com	1.5%	1.6%	21,739	-5.0%	$7.7M
VLYValley Natl Bancorp	1.5%	1.3%	516,500	-0.7%	$7.6M
GSKGsk PLC	1.5%	1.7%	144,170	-0.0%	$7.6M
AAPLApple Inc	1.5%	1.4%	26,117	-0.7%	$7.6M
UPSUnited Parcel Svcs Inc Cl B	1.5%	1.3%	69,725	+9.2%	$7.5M
LAMRLamar Advertising Co	1.5%	1.3%	47,630	-2.1%	$7.4M
IBMInternational Business Machs	1.4%	1.3%	25,146	-0.5%	$7.1M
CVXChevron Corp New	1.4%	1.8%	42,354	+0.8%	$7.0M
VZVerizon Communications Inc Com	1.3%	1.2%	161,208	+36.1%	$6.8M
PMPhilip Morris Intl Inc Com	1.3%	1.3%	37,624	-1.0%	$6.8M
HCAHCA Healthcare Inc	1.3%	1.6%	16,640	-0.2%	$6.5M
LYBLyondellBasell Industries NV	1.3%	2.0%	121,218	-0.0%	$6.4M
WDSWoodside Energy Group Ltd	1.2%	1.6%	326,760	+0.7%	$6.3M
MAINMainStreet Capital Corp	1.2%	1.4%	121,650	-1.5%	$6.3M
ZBHZimmer Hldgs Inc	1.2%	1.5%	72,315	-7.4%	$6.2M
RFRegions Financial Corp New	1.2%	1.1%	198,090	-1.1%	$6.0M
SJMSmucker J M Co	1.2%	1.0%	52,280	+1.7%	$5.9M
VICIVICI Properties Inc	1.2%	1.3%	221,358	-0.1%	$5.9M
MOAltria Group Inc	1.1%	0.8%	78,090	+33.5%	$5.6M
HPQHp Inc	1.1%	1.0%	253,039	+0.4%	$5.6M
QCOMQualcomm Inc	0.9%	0.8%	26,135	-7.5%	$4.8M
AMZNAmazon Com Inc Com	0.9%	0.8%	18,820	+0.0%	$4.5M
TAt&t Inc Com	0.9%	1.3%	214,740	-0.0%	$4.4M

What Hourglass Capital, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

VZ Verizon Communications Inc Com+36.1% shares
MO Altria Group Inc+33.5% shares
CNR Core Natural Resources Inc+25.8% shares
UBER Uber Technologies Inc+9.8% shares
UPS United Parcel Svcs Inc Cl B+9.2% shares
ORCL Oracle Corp+9.0% shares
KHC Kraft Heinz Co+6.5% shares

Reduced

FCX Freeport Mcmoran Inc Cl B-14.4% shares
CSCO Cisco Sys Inc-12.7% shares
QCOM Qualcomm Inc-7.5% shares
ZBH Zimmer Hldgs Inc-7.4% shares
IRM Iron Mountain Inc-5.2% shares
HD Home Depot Inc Com-5.0% shares

Left the top 50

No position left the top 50.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +29.2% /yr; S&P 500 +20.1%
3 years: +18.0% /yr; S&P 500 +20.4%
5 years: +11.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$508.4M	127
Q1 2026	$480.5M	130
Q4 2025	$463.7M	114
Q3 2025	$445.4M	106
Q2 2025	$404.5M	106
Q1 2025	$382.2M	110
Q4 2024	$362.6M	105
Q3 2024	$359.0M	106
Q2 2024	$336.4M	103
Q1 2024	$331.9M	102
Q4 2023	$310.5M	98
Q3 2023	$283.3M	99

Questions about Hourglass Capital, LLC's portfolio

What stocks does Hourglass Capital, LLC own?

Hourglass Capital, LLC's latest 13F, for Q2 2026 and filed Jul 30, 2026, lists 127 positions worth $508.4M. The largest are Alphabet Inc (GOOGL) at 3.2%, Citigroup Inc Com New (C) at 3.0%, Cisco Sys Inc (CSCO) at 2.8%, Morgan Stanley Com New (MS) at 2.6% and Goldman Sachs Group Inc (GS) at 2.6%.

What did Hourglass Capital, LLC buy last quarter?

In Q2 2026, Hourglass Capital, LLC added Verizon Communications Inc Com (VZ) (+36.1% shares), Altria Group Inc (MO) (+33.5% shares) and Core Natural Resources Inc (CNR) (+25.8% shares), compared with its Q1 2026 filing.

What did Hourglass Capital, LLC sell last quarter?

In Q2 2026, Hourglass Capital, LLC Freeport Mcmoran Inc Cl B (FCX) (-14.4% shares), Cisco Sys Inc (CSCO) (-12.7% shares) and Qualcomm Inc (QCOM) (-7.5% shares), compared with its Q1 2026 filing.

How has Hourglass Capital, LLC's portfolio performed?

A portfolio copying Hourglass Capital, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +29.2% against +20.1%. Over 5 years: +11.8% a year against +11.6%.

When is Hourglass Capital, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Hourglass Capital, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Hourglass Capital, LLC manage?

Hourglass Capital, LLC reported $768.9M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $508.4M.