HOURGLASS CAPITAL, LLC
SEC Form 13F institutional filer · CIK 0001442573
13F-HR · 83 reported holdings · 2026-03-31
Reported long-US-equity value
$0.38B
Top-10 concentration
30.2%
HOURGLASS CAPITAL, LLC — $383M AUM allocation strategy
HOURGLASS CAPITAL, LLC files SEC Form 13F and reports $383M of long US equity value across 83 reported holdings for 2026-03-31.
Its largest sector bet is Energy 11.6%, followed by Financials 9.5% and Materials 8.6%.
The top 10 holdings account for 30% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
HOURGLASS CAPITAL, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$383M
total across 83 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
30% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$MS +238K sh · +$148K+$UBER +137K sh · +$9.79M+$KHC +130K sh · +$2.57M
Biggest trims (shares)
−$DOW −106K sh · −$1.32M−$BKR −97.5K sh · −$3.64M−$PFE −90.5K sh · −$1.15M
Exited to nil (held last quarter, gone now)
$GM ($6.62M last qtr)$NRG ($6.04M last qtr)$MCK ($4.91M last qtr)$MMM ($3.58M last qtr)$HPE ($3.44M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Investment Banking & Brokerage6.2%—
- Integrated Oil & Gas4.9%—
- Oil & Gas Storage & Transportation4.3%—
- Interactive Media & Services3.4%—
- Gold3.3%—
- Diversified Banks3.3%—
- Semiconductors2.9%—
- Communications Equipment2.8%—
- Other holdings68.9%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GOOG | Alphabet Inc. Class C Capital Stock | 45.2K | $13M | -3.03K | 3.4% |
| $NEM | Newmont Corporation | 118K | $12.7M | -37.8K | 3.3% |
| $MS | Morgan Stanley | 308K | $12.6M | +238K | 3.3% |
| $C | Citigroup Inc | 111K | $12.6M | -5.5K | 3.3% |
| $GS | Goldman Sachs Group Inc | 13.2K | $11.1M | -915 | 2.9% |
| $NVDA | NVIDIA Corporation | 63.9K | $11.1M | +22.9K | 2.9% |
| $CSCO | Cisco Systems Inc | 140K | $10.9M | -8.53K | 2.8% |
| $XOM | ExxonMobil Holdings Corporation | 60.4K | $10.2M | +6.4K | 2.7% |
| $FCX | Freeport-McMoRan Inc | 174K | $10.2M | +18.5K | 2.7% |
…and 74 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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