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HOURGLASS CAPITAL, LLC

5020 MONTROSE BLVD SUITE 400, HOUSTON, TX 77006 • 7139360440

Q4 2025 · Filed 2026-01-14
Market Value
$464M
+4.1%
Holdings
116
+7
New Purchases
10
Added To
32
Closed
2
Reduced
50
Top 10 Concentration
26.1%
Turnover
10.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IRM 1.43% 0.78% +0.66% $7M
GOOGL 3.26% 2.78% +0.47% $15M
KEX 1.78% 1.38% +0.40% $8M
UNP 0.33% 0.00% +0.33% $2M
CMCSA 0.74% 0.42% +0.31% $3M
NEM 3.35% 3.05% +0.30% $16M
GM 1.43% 1.14% +0.29% $7M
FCX 1.70% 1.43% +0.27% $8M
C 2.92% 2.66% +0.26% $14M
IWD 0.29% 0.05% +0.24% $1M
DAL 1.70% 1.48% +0.22% $8M
CNR 2.39% 2.19% +0.20% $11M
GSK 1.46% 1.27% +0.19% $7M
BHP 1.23% 1.07% +0.16% $6M
MS 2.69% 2.54% +0.15% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORCL 2.07% 2.98% -0.91% $10M
MAN 0.00% 0.63% -0.63% $0
LYB 0.95% 1.35% -0.40% $4M
KHC 1.04% 1.39% -0.35% $5M
PFE 2.35% 2.69% -0.34% $11M
HD 1.50% 1.82% -0.33% $7M
ABBV 1.92% 2.23% -0.31% $9M
ZBH 1.52% 1.77% -0.26% $7M
HPQ 1.19% 1.43% -0.24% $6M
SJM 1.04% 1.25% -0.21% $5M
WMB 1.56% 1.74% -0.18% $7M
BKR 1.47% 1.64% -0.17% $7M
MSFT 1.38% 1.55% -0.17% $6M
T 1.12% 1.28% -0.17% $5M
LNG 0.48% 0.62% -0.14% $2M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 22.1%
Technology 17.8%
Energy 16.5%
Basic Materials 9.1%
Healthcare 9.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 34 $185M 39.9%
Large Cap 65 $224M 48.4%
Mid Cap 15 $52M 11.1%
Small Cap 2 $3M 0.6%

Portfolio Analytics

Avg Market Cap
$355.1B
Median Market Cap
$86.1B
Avg P/E
26.0
Median P/E
21.0
Avg Dividend Yield
0.02%
Avg Beta
0.82
# Stocks
107
# ETFs / Funds
9

Top Holdings (116 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NEM 3.35% 155,434 $16M $99.85 $2M -5,650 -3.5%
2 GOOGL 3.26% 48,280 $15M $313.00 $3M -2,730 -5.3%
3 C 2.92% 116,222 $14M $116.69 $2M -685 -0.6%
4 MS 2.69% 70,150 $12M $177.53 $1M -1,015 -1.4%
5 GS 2.67% 14,094 $12M $879.00 $919K -309 -2.1%
6 CSCO 2.47% 148,822 $11M $77.03 $618K -9,690 -6.1%
7 CNR 2.39% 125,195 $11M $88.51 $1M +8,280 +7.1%
8 PFE 2.35% 438,148 $11M $24.90 -$1M -32,390 -6.9%
9 ORCL 2.07% 49,294 $10M $194.91 -$4M +2,098 +4.5%
10 SLB 1.94% 234,915 $9M $38.38 $797K -4,229 -1.8%
11 ABBV 1.92% 38,916 $9M $228.49 -$1M -3,960 -9.2%
12 PM 1.85% 53,405 $9M $160.40 -$25K +440 +0.8%
13 HCA 1.82% 18,105 $8M $466.86 $463K -640 -3.4%
14 WMT 1.82% 75,593 $8M $111.41 $612K -190 -0.2%
15 KEX 1.78% 75,080 $8M $110.18 $2M +1,350 +1.8%
16 DAL 1.70% 113,814 $8M $69.40 $1M -2,310 -2.0%
17 FCX 1.70% 155,193 $8M $50.79 $2M -7,190 -4.4%
18 KMI 1.66% 279,219 $8M $27.49 -$266K -1,305 -0.5%
19 NVDA 1.65% 40,975 $8M $186.50 -$23K -105 -0.3%
20 AAPL 1.64% 27,982 $8M $271.86 $434K -190 -0.7%
21 MAIN 1.63% 124,860 $8M $60.39 -$242K +2,480 +2.0%
22 IBM 1.59% 24,964 $7M $296.21 $424K +261 +1.1%
23 WMB 1.56% 120,210 $7M $60.11 -$505K -1,830 -1.5%
24 AVGO 1.56% 20,840 $7M $346.10 $352K +45 +0.2%
25 CVX 1.52% 46,239 $7M $152.41 $314K +2,882 +6.7%
26 ZBH 1.52% 78,150 $7M $89.92 -$868K -2,002 -2.5%
27 HD 1.50% 20,157 $7M $344.10 -$1M +125 +0.6%
28 BKR 1.47% 149,260 $7M $45.54 -$498K -470 -0.3%
29 GSK 1.46% 138,409 $7M $49.04 $1M +7,046 +5.4%
30 IRM 1.43% 80,060 $7M $82.95 $3M +46,200 +136.4%
31 GM 1.43% 81,377 $7M $81.32 $2M -1,720 -2.1%
32 XOM 1.40% 54,016 $7M $120.34 $411K +10 +0.0%
33 MSFT 1.38% 13,205 $6M $483.62 -$503K -95 -0.7%
34 VLYPN 1.32% 522,136 $6M $11.68 $638K +6,970 +1.4%
35 LAMR 1.31% 48,163 $6M $126.58 $284K +680 +1.4%
36 NRG 1.30% 37,940 $6M $159.24 -$255K -940 -2.4%
37 VICI 1.27% 209,257 $6M $28.12 $172K +34,080 +19.4%
38 BHP 1.23% 94,706 $6M $60.37 $948K +9,160 +10.7%
39 RF 1.22% 208,359 $6M $27.10 $840K +26,070 +14.3%
40 HPQ 1.19% 247,869 $6M $22.28 -$868K +13,180 +5.6%
41 VLO 1.18% 33,655 $5M $162.79 -$369K -690 -2.0%
42 T 1.12% 208,950 $5M $24.84 -$531K +6,340 +3.1%
43 MCK 1.06% 5,990 $5M $820.29 $179K -138 -2.2%
44 SJM 1.04% 49,370 $5M $97.81 -$749K -1,990 -3.9%
45 KHC 1.04% 199,090 $5M $24.25 -$1M -38,080 -16.1%
46 WDS 1.04% 309,310 $5M $15.59 $114K -3,504 -1.1%
47 QCOM 1.00% 27,115 $5M $171.05 $320K +1,160 +4.5%
48 LYB 0.95% 101,543 $4M $43.30 -$2M -21,330 -17.4%
49 UPS 0.88% 41,065 $4M $99.19 $712K +830 +2.1%
50 DOW 0.85% 169,153 $4M $23.38 $140K +2,805 +1.7%
51 MMM 0.77% 22,390 $4M $160.10 $31K -510 -2.2%
52 BRK-B 0.76% 7,045 $4M $502.65 $40K +80 +1.1%
53 HPE 0.74% 143,110 $3M $24.02 -$162K -3,440 -2.4%
54 CMCSA 0.74% 114,140 $3M $29.89 $2M +54,060 +90.0%
55 UGI 0.70% 87,030 $3M $37.43 $294K -2,080 -2.3%
56 FHI 0.70% 62,218 $3M $52.07 -$43K -1,000 -1.6%
57 CPRI 0.69% 131,230 $3M $24.40 $533K -2,750 -2.0%
58 BIIB 0.67% 17,550 $3M $175.99 $571K -420 -2.3%
59 CXW 0.66% 159,890 $3M $19.11 -$265K -3,280 -2.0%
60 BAC 0.61% 51,787 $3M $55.00 $130K -900 -1.7%
61 TNL 0.60% 39,395 $3M $70.53 $384K -860 -2.1%
62 OI 0.56% 175,000 $3M $14.76 $257K -4,370 -2.4%
63 VZ 0.54% 62,018 $3M $40.73 -$183K +380 +0.6%
64 CAG 0.54% 144,240 $2M $17.31 -$200K -3,030 -2.1%
65 LNG 0.48% 11,565 $2M $194.39 -$528K -250 -2.1%
66 FSLR 0.47% 8,355 $2M $261.23 $277K -285 -3.3%
67 FITB 0.45% 44,849 $2M $46.81 $95K -150 -0.3%
68 JNJ 0.40% 8,860 $2M $206.95 $181K -50 -0.6%
69 FFIN 0.37% 57,000 $2M $29.87 -$215K
70 VTI 0.37% 5,059 $2M $335.27 $36K
71 XLK 0.35% 11,240 $2M $143.97 $31K +5,610 +99.6%
72 FLG 0.34% 127,000 $2M $12.59 $305K +15,000 +13.4%
73 UNP 0.33% 6,555 $2M $231.32 +6,555 NEW
74 SYY 0.32% 20,120 $1M $73.69 -$330K -1,900 -8.6%
75 SDY 0.29% 9,605 $1M $139.16 -$49K -290 -2.9%
76 IWD 0.29% 6,339 $1M $210.34 $1M +5,270 +493.0%
77 ABT 0.27% 10,000 $1M $125.29 -$86K
78 TAP 0.26% 25,775 $1M $46.68 -$48K -1,870 -6.8%
79 JEPI 0.25% 20,150 $1M $57.24 -$568K -10,000 -33.2%
80 CLF 0.24% 85,000 $1M $13.28 $580K +40,000 +88.9%
81 DHI 0.22% 7,060 $1M $144.03 -$180K
82 MOS 0.22% 42,100 $1M $24.09 $40K +14,000 +49.8%
83 JPM 0.20% 2,906 $936K $322.22 -$170K -600 -17.1%
84 LIN 0.18% 2,002 $854K $426.39 -$97K
85 ETN 0.16% 2,400 $764K $318.51 -$134K
86 SPY 0.14% 984 $671K $682.15 $19K +5 +0.5%
87 MO 0.12% 9,900 $571K $57.66 +9,900 NEW
88 RTX 0.12% 3,000 $550K $183.40 $48K
89 GOOG 0.11% 1,648 $517K $313.80 $116K
90 LMT 0.10% 1,000 $484K $483.67 -$16K
91 XLC 0.10% 4,000 $471K $117.72 -$3K
92 ROST 0.10% 2,600 $468K $180.14 $72K
93 AMGN 0.10% 1,347 $441K $327.31 $61K
94 CAT 0.09% 747 $428K $572.87 $72K
95 UBER 0.08% 4,654 $380K $81.71 +4,654 NEW
96 COST 0.08% 436 $376K $862.34 $37K +70 +19.1%
97 BA 0.07% 1,500 $326K $217.12 +1,500 NEW
98 MPC 0.07% 2,000 $325K $162.63 -$60K
99 OEF 0.07% 940 $322K $342.97 $6K -10 -1.1%
100 GD 0.07% 919 $309K $336.66 -$4K

New Positions

SymbolValue% Port
UNP $2M 0.33%
MO $571K 0.12%
UBER $380K 0.08%
BA $326K 0.07%
BABA $294K 0.06%
CTRA $274K 0.06%
VWO $269K 0.06%
SOFI $262K 0.06%
TGT $244K 0.05%
BMY $234K 0.05%

Sold Out Positions

SymbolValue% Port
NVO —%
MAN —%
View SEC EDGAR Filings for HOURGLASS CAPITAL, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms