HOURGLASS CAPITAL, LLC

Registered adviser

CIK

1442573

Location

HOUSTON, TX

Portfolio Value

Small $483,978,607

Diversification

Diversified

Filing Date

Global Rank

#3,811 / 8,827 ▼ 164 · as of Jun 2026

Top Industry

Software - Infrastructure 6.9%

Period ended 38 days ago

Filed Oct 26, 2026 · 12d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 147754

Roster of Nov 1, 2026

Regulatory AUM

$768,905,942

Main clients

Individuals and high net worth (92% of AUM)

Private funds on Schedule D 7.B.(1)

As filed Jun 6, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

No private funds listed.

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$768,905,942	Individuals and high net worth (92%)
Apr 2025 to Mar 2026	$598,456,000	Individuals and high net worth (97%)
Apr 2024 to Mar 2025	$535,598,000	Individuals and high net worth (97%)
May 2023 to Mar 2024	$467,634,000	Individuals and high net worth (98%)
Apr 2023	$467,634,000	Individuals and high net worth (98%)
Apr 2022 to Mar 2023	$406,928,000	Individuals and high net worth (97%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 26.3%, 62.2 effective positions, active share 73.2% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

33.7% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 18.1 quarters (12+), a floor since 55.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 73.2%; sector active share 26.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

123 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

3.0%

−0.3 pts

Top 5

13.7%

−0.6 pts

Top 10

25.2%

−1.1 pts

HHI

161

Diversified+1

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	23.2%	$112,285,489	19
Energy	14.7%	$71,339,770	23
Financial Services	13.8%	$66,743,225	21
Basic Materials	8.3%	$40,377,584	6
Healthcare	7.9%	$38,189,827	6
Unclassified	7.3%	$35,359,977	20
Consumer Defensive	7.0%	$33,944,893	6
Industrials	6.4%	$30,798,489	9
Communication Services	6.3%	$30,591,400	6
Real Estate	2.5%	$12,301,944	3
Consumer Cyclical	2.4%	$11,601,474	3
Utilities	0.1%	$444,535	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	+43,750	258,490	$6,307,156
MOS	Mosaic Co	+18,500	59,600	$1,290,340
ORCL	Oracle Corp	+6,922	60,678	$8,331,089
FLG	Flagstar Bank, National Association	+5,000	240,100	$2,801,967
MO	Altria Group, Inc.	+4,910	83,000	$5,589,220
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	+4,100	75,300	$3,857,619
CRWD	CrowdStrike Holdings, Inc.	+3,000	4,000	$1,059,000
DVN	Devon Energy Corp	+2,960	9,275	$427,021
WDS	Woodside Energy Group Ltd	+2,908	329,668	$7,308,739
HCA	HCA Healthcare, Inc.	+2,470	19,110	$8,155,001
JFR	Nuveen Floating Rate Income Fund	+1,816	195,640	$1,455,561
AVGO	Broadcom Inc.	+1,422	25,405	$8,921,981
FSLR	First Solar, Inc.	+1,100	9,665	$1,692,921
MSD	Morgan Stanley Emerging Markets Debt Fund Inc	+1,000	192,500	$1,297,450
GSK	GSK plc	+502	144,672	$6,968,850
BKR	Baker Hughes Co	+500	51,450	$2,824,605
TBF	ProShares Short 20+ Year Treasury	+400	53,600	$1,437,016
MAIN	Main Street Capital CORP	+400	122,050	$6,718,852
JNK	State Street(R) SPDR(R) Bloomberg High Yield Bond ETF	+100	9,800	$908,950
GLD	Spdr Gold Trust	+40	4,770	$1,816,606
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IRM	Iron Mountain Inc	−51,600	14,450	$1,603,227
VICI	Vici Properties Inc.	−49,518	171,840	$3,947,164
SOFI	SoFi Technologies, Inc.	−45,100	143,600	$2,257,392
VLY	Valley National Bancorp	−43,200	473,300	$5,973,046
FHI	Federated Hermes, Inc.	−27,150	11,500	$648,255
KHC	Kraft Heinz Co	−23,550	326,630	$7,421,033
CSCO	Cisco Systems, Inc.	−16,889	105,571	$11,362,606
FITB	Fifth Third Bancorp	−16,500	20,950	$1,059,651
CNR	Core Natural Resources, Inc.	−16,445	140,006	$12,018,115
VZ	Verizon Communications Inc	−15,930	145,278	$6,663,901
SLB	Slb Limited	−14,500	155,280	$7,565,241
RF	Regions Financial Corp	−13,900	184,190	$4,951,027
PFE	Pfizer Inc	−12,950	344,398	$9,822,230
DOW	Dow Inc.	−12,910	49,190	$1,354,692
KMI	Kinder Morgan, Inc.	−11,320	239,199	$7,211,849
ABBV	AbbVie Inc.	−10,800	22,210	$5,809,913
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	−8,600	3,844	$752,463
NEM	NEWMONT Corp	−8,291	113,279	$13,065,599
LYB	LyondellBasell Industries N.V.	−7,760	113,458	$6,520,431
C	Citigroup Inc	−7,243	100,894	$13,063,755
UBER	Uber Technologies, Inc	−6,189	148,946	$10,204,290
KEX	Kirby Corp	−6,100	59,115	$7,758,843
FCX	Freeport-Mcmoran Inc	−6,000	142,678	$9,987,460
MS	Morgan Stanley	−5,590	57,930	$10,895,474
HPQ	Hp Inc	−4,380	248,659	$7,778,053
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	38,307	$5,778,994
PAYX	Paychex Inc	58,635	$5,775,547
FFLX	First Trust Flexible Income ETF	112,100	$1,052,619
MU	Micron Technology Inc	510	$543,206
BA	Boeing Co	1,500	$279,075
TBT	ProShares UltraShort 20+ Year Treasury	5,700	$242,193
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
FFIN	First Financial Bankshares Inc	40,000	$1,384,000
DHI	Horton D R Inc	7,060	$1,149,932
DAL	Delta Air Lines, Inc.	11,200	$1,048,992
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	4,000	$428,520
ABT	Abbott Laboratories	4,000	$362,960
CL	Colgate Palmolive Co	2,800	$256,704
GLW	Corning Inc	1,000	$255,430
FCT	First Trust Senior Floating Rate Income Fund II	111,800	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

123 tracked positions · $483,978,607 total · filing declares 125 positions · $487,930,210 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 123 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	41,011	-3,980	$14,111,064	−12.2%	2.92%
NVDA	Nvidia Corp Technology	Reduced	60,240	-3,391	$13,757,611	+8.1%	2.84%
NEM	NEWMONT Corp Basic Materials	Reduced	113,279	-8,291	$13,065,599	+15.1%	2.70%
C	Citigroup Inc Financial Services	Reduced	100,894	-7,243	$13,063,755	−13.7%	2.70%
CNR	Core Natural Resources, Inc. Energy	Reduced	140,006	-16,445	$12,018,115	−4.0%	2.48%
SPY	Spdr S&P 500 ETF Trust	Reduced	15,125	-2,247	$11,534,778	−11.1%	2.38%
CSCO	Cisco Systems, Inc. Technology	Reduced	105,571	-16,889	$11,362,606	−21.0%	2.35%
MSFT	Microsoft Corp Technology	Reduced	22,144	-2,127	$11,357,657	+25.4%	2.35%
MS	Morgan Stanley Financial Services	Reduced	57,930	-5,590	$10,895,474	−17.9%	2.25%
GS	Goldman Sachs Group Inc Financial Services	Reduced	11,510	-1,614	$10,363,143	−21.9%	2.14%
UBER	Uber Technologies, Inc Technology	Reduced	148,946	-6,189	$10,204,290	−8.8%	2.11%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	142,678	-6,000	$9,987,460	+6.8%	2.06%
XOM	ExxonMobil Holdings Corp Energy	Reduced	61,308	-135	$9,977,877	+18.8%	2.06%
PFE	Pfizer Inc Healthcare	Reduced	344,398	-12,950	$9,822,230	+14.1%	2.03%
PANW	Palo Alto Networks Inc Technology	Held	22,625	0	$8,989,138	+16.5%	1.86%
AVGO	Broadcom Inc. Technology	Added	25,405	+1,422	$8,921,981	−1.5%	1.84%
AAPL	Apple Inc. Technology	Reduced	25,972	-145	$8,649,195	+14.4%	1.79%
ORCL	Oracle Corp Technology	Added	60,678	+6,922	$8,331,089	+5.8%	1.72%
BHP	BHP Group Ltd Basic Materials	Reduced	96,170	-120	$8,159,062	+1.7%	1.69%
HCA	HCA Healthcare, Inc. Healthcare	Added	19,110	+2,470	$8,155,001	+25.7%	1.68%
CVX	Chevron Corp Energy	Reduced	38,099	-4,255	$7,780,196	+10.8%	1.61%
HPQ	Hp Inc Technology	Reduced	248,659	-4,380	$7,778,053	+40.1%	1.61%
KEX	Kirby Corp Industrials	Reduced	59,115	-6,100	$7,758,843	−12.5%	1.60%
WMB	Williams Companies, Inc. Energy	Reduced	112,210	-250	$7,626,913	−8.8%	1.58%
SLB	Slb Limited Energy	Reduced	155,280	-14,500	$7,565,241	−4.2%	1.56%
KHC	Kraft Heinz Co Consumer Defensive	Reduced	326,630	-23,550	$7,421,033	−10.3%	1.53%
WDS	Woodside Energy Group Ltd Energy	Added	329,668	+2,908	$7,308,739	+15.8%	1.51%
UNP	Union Pacific Corp Industrials	Reduced	26,536	-2,035	$7,221,241	−7.1%	1.49%
KMI	Kinder Morgan, Inc. Energy	Reduced	239,199	-11,320	$7,211,849	−10.0%	1.49%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	37,514	-110	$7,158,421	+5.2%	1.48%
GSK	GSK plc Healthcare	Added	144,672	+502	$6,968,850	−7.8%	1.44%
WMT	Walmart Inc. Consumer Defensive	Reduced	65,665	-2,560	$6,823,906	−11.7%	1.41%
LAMR	Lamar Advertising Co Real Estate	Reduced	46,850	-780	$6,751,553	−9.1%	1.40%
MAIN	Main Street Capital CORP Financial Services	Added	122,050	+400	$6,718,852	+6.5%	1.39%
VZ	Verizon Communications Inc Communication Services	Reduced	145,278	-15,930	$6,663,901	−2.4%	1.38%
LYB	LyondellBasell Industries N.V. Basic Materials	Reduced	113,458	-7,760	$6,520,431	+2.2%	1.35%
UPS	United Parcel Service Inc Industrials	Reduced	67,735	-1,990	$6,329,158	−15.6%	1.31%
T	At&T Inc. Communication Services	Added	258,490	+43,750	$6,307,156	+41.9%	1.30%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Reduced	70,990	-1,325	$6,306,041	+1.3%	1.30%
SJM	J M SMUCKER Co Consumer Defensive	Reduced	51,730	-550	$6,151,214	+4.6%	1.27%
VLY	Valley National Bancorp Financial Services	Reduced	473,300	-43,200	$5,973,046	−21.1%	1.23%
ABBV	AbbVie Inc. Healthcare	Reduced	22,210	-10,800	$5,809,913	−30.1%	1.20%
SPCX	Space Exploration Technologies Corp Industrials	NEW	38,307	NEW	$5,778,994	NEW	1.19%
PAYX	Paychex Inc Technology	NEW	58,635	NEW	$5,775,547	NEW	1.19%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	19,995	-1,744	$5,688,377	−25.8%	1.18%
MO	Altria Group, Inc. Consumer Defensive	Added	83,000	+4,910	$5,589,220	−0.5%	1.15%
IBM	International Business Machines Corp Technology	Reduced	23,756	-1,390	$5,224,657	−26.1%	1.08%
RF	Regions Financial Corp Financial Services	Reduced	184,190	-13,900	$4,951,027	−17.2%	1.02%
QCOM	Qualcomm Inc Technology	Reduced	26,080	-55	$4,799,763	−0.6%	0.99%
AMZN	Amazon Com Inc Consumer Cyclical	Held	18,820	0	$4,689,003	+4.5%	0.97%

Showing the top 50 of 123 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.