1y return+23.9%S&P 500 +20.9%
3y return+63.0%S&P 500 +68.5%
5y return+61.8%S&P 500 +74.5%
10y return+133.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $234 against $357 in the S&P 500.2
Hourglass Capital, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GOOGLAlphabet Inc | $16.1M | 3.2% | |
| CCitigroup Inc | $15.1M | 3.0% | −2.3% |
| CSCOCisco Sys Inc | $14.4M | 2.8% | −12.7% |
| MSMorgan Stanley | $13.3M | 2.6% | |
| GSGoldman Sachs Group Inc | $13.3M | 2.6% | |
| SPYState Street Spdr S&p | $13.0M | 2.6% | +1.2% |
| NVDANvidia Corp | $12.7M | 2.5% | |
| CNRCore Nat Res Inc | $12.5M | 2.5% | +25.8% |
| NEMNewmont Corp | $11.4M | 2.2% | +3.4% |
| UBERUber Technologies Inc | $11.2M | 2.2% | +9.8% |
| FCXFreeport-mcmoran Inc | $9.4M | 1.8% | −14.4% |
| AVGOBroadcom Inc | $9.1M | 1.8% | −4.8% |
| MSFTMicrosoft Corp | $9.1M | 1.8% | |
| KEXKirby Corp | $8.9M | 1.7% | |
| PFEPfizer Inc | $8.6M | 1.7% | +2.8% |
| Exxon Mobil CorpCUSIP 30231G102 | $8.4M | 1.7% | +1.7% |
| WMBWilliams Cos Inc | $8.4M | 1.6% | |
| IRMIron Mtn Inc New | $8.3M | 1.6% | −5.2% |
| ABBVAbbvie Inc | $8.3M | 1.6% | −3.1% |
| KHCKraft Heinz Co | $8.3M | 1.6% | +6.5% |
| BHPBhp Group Ltd F | $8.0M | 1.6% | |
| KMIKinder Morgan Inc Del | $8.0M | 1.6% | |
| SLBSlb Limited F | $7.9M | 1.6% | −1.7% |
| ORCLOracle Corp | $7.9M | 1.5% | +9.0% |
| UNPUnion Pac Corp | $7.8M | 1.5% | +1.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $9.1M |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $13.3M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $16.1M |
| MSMorgan Stanley | June 30, 2020 | +332.8% | $13.3M |
| HCAHca Healthcare Inc | June 30, 2020 | +301.7% | $6.5M |
| WMBWilliams Cos Inc | June 30, 2020 | +290.8% | $8.4M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $7.6M |
| Exxon Mobil CorpCUSIP 30231G102 | June 30, 2020 | +205.7% | $8.4M |
| WMTWalmart Inc | June 30, 2020 | +183.7% | $7.7M |
| CCitigroup Inc | June 30, 2020 | +173.9% | $15.1M |
Sold off last quarter
- APOApollo Global Mgmt Inc N was $769K
- CLFCleveland-cliffs Inc New was $450K
- SNOWSnowflake Inc was $392K
- CTRACoterra Energy Inc was $228K
- HESMHess Midstream LP was $205K
- TBTProshares Ultrashort 20 was $200K
- EGYVaalco Energy Inc was $158K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +5.6% | +14.8% |
| March 31, 2026 | +5.0% | −4.6% |
| December 31, 2025 | +3.0% | +2.4% |
| September 30, 2025 | +8.4% | +7.8% |
| June 30, 2025 | +6.4% | +10.5% |
| March 31, 2025 | −0.1% | −4.6% |
| December 31, 2024 | −0.7% | +2.1% |
| September 30, 2024 | +8.0% | +5.4% |
| June 30, 2024 | +1.4% | +4.0% |
| March 31, 2024 | +7.2% | +10.0% |
| December 31, 2023 | +7.1% | +11.2% |
| September 30, 2023 | −0.8% | −3.6% |
| June 30, 2023 | +2.2% | +8.3% |
| March 31, 2023 | +2.3% | +7.0% |
| December 31, 2022 | +13.9% | +7.1% |
| September 30, 2022 | −8.0% | −5.3% |
| June 30, 2022 | −14.4% | −16.5% |
| March 31, 2022 | +2.2% | −4.9% |
| December 31, 2021 | +6.4% | +10.7% |
| September 30, 2021 | −2.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Hourglass Capital, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1442573&type=13F-HR&dateb=&owner=include&count=40CIK 1442573
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1442573/000144257326000003/Filed July 30, 2026 · accession 0001442573-26-000003