Hourglass Capital 13F annual report
Hourglass Capital is an investment fund managing more than $336 billion ran by Debra Gardner. There are currently 99 companies in Mrs. Gardner’s portfolio. The largest investments include Abbvie Inc and Newmont Corp, together worth $24.7 billion.
$336 billion Assets Under Management (AUM)
As of 29th July 2024, Hourglass Capital’s top holding is 80,668 shares of Abbvie Inc currently worth over $13.8 billion and making up 4.1% of the portfolio value.
Relative to the number of outstanding shares of Abbvie Inc, Hourglass Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 259,340 shares of Newmont Corp worth $10.9 billion, whose value grew 45.4% in the past six months.
The third-largest holding is Oracle worth $9.56 billion and the next is Goldman Sachs worth $8.93 billion, with 19,736 shares owned.
Currently, Hourglass Capital's portfolio is worth at least $336 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Hourglass Capital
The Hourglass Capital office and employees reside in Houston, Texas. According to the last 13-F report filed with the SEC, Debra Gardner serves as the Chief Compliance Officer at Hourglass Capital.
Recent trades
In the most recent 13F filing, Hourglass Capital revealed that it had opened a new position in
Smucker J M Co and bought 25,860 shares worth $2.82 billion.
The investment fund also strengthened its position in Schlumberger by buying
22,940 additional shares.
This makes their stake in Schlumberger total 181,980 shares worth $8.59 billion.
Schlumberger dropped approximately 0.1% in the past year.
On the other hand, there are companies that Hourglass Capital is getting rid of from its portfolio.
Hourglass Capital closed its position in Ishares Tr on 5th August 2024.
It sold the previously owned 4,265 shares for $471 million.
Debra Gardner also disclosed a decreased stake in Abbvie Inc by approximately 0.1%.
This leaves the value of the investment at $13.8 billion and 80,668 shares.
One of the smaller hedge funds
The two most similar investment funds to Hourglass Capital are Beverly Hills Private Wealth and Paulson Wealth Management. They manage $336 billion and $336 billion respectively.
Debra Gardner investment strategy
Hourglass Capital’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Energy — making up 13.9% of
the total portfolio value.
The fund focuses on investments in the United States as
61.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
49% of the total holdings value.
On the other hand, small-cap stocks make up only 4.0% of the portfolio.
The average market cap of the portfolio companies is close to $180 billion.
The complete list of Hourglass Capital trades based on 13F SEC filings
These positions were updated on August 5th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Abbvie Inc |
2.37%
80,668
|
$13,836,175,000 | 4.11% |
| Newmont Corp |
10.01%
259,340
|
$10,858,566,000 | 3.23% |
| Oracle Corp. |
2.24%
67,672
|
$9,555,286,000 | 2.84% |
| Goldman Sachs Group, Inc. |
5.27%
19,736
|
$8,926,988,000 | 2.65% |
| Schlumberger Ltd. |
14.42%
181,980
|
$8,585,816,000 | 2.55% |
| Citigroup Inc |
2.46%
126,812
|
$8,047,490,000 | 2.39% |
| Pfizer Inc. |
2.04%
287,310
|
$8,038,934,000 | 2.39% |
| Alphabet Inc |
0.68%
46,740
|
$8,518,487,000 | 2.53% |
| Philip Morris International Inc |
0.13%
74,955
|
$7,595,190,000 | 2.26% |
| Apple Inc |
0.08%
35,933
|
$7,568,208,000 | 2.25% |
| Morgan Stanley |
2.64%
77,132
|
$7,496,459,000 | 2.23% |
| HCA Healthcare Inc |
0.42%
22,707
|
$7,295,305,000 | 2.17% |
| Freeport-McMoRan Inc |
6.52%
149,865
|
$7,283,439,000 | 2.17% |
| Dow Inc |
0.24%
133,920
|
$7,104,456,000 | 2.11% |
| Cisco Sys Inc |
0.58%
143,548
|
$6,819,965,000 | 2.03% |
| Exxon Mobil Corp. |
0.52%
58,912
|
$6,781,949,000 | 2.02% |
| Williams Cos Inc |
2.24%
156,940
|
$6,669,950,000 | 1.98% |
| Chevron Corp. |
0.23%
42,454
|
$6,640,655,000 | 1.97% |
| Lyondellbasell Industries N |
11.64%
69,237
|
$6,623,211,000 | 1.97% |
| Microsoft Corporation |
0.17%
14,393
|
$6,432,951,000 | 1.91% |
| Federated Hermes Inc |
4.57%
194,618
|
$6,399,040,000 | 1.90% |
| Kinder Morgan Inc |
0.01%
318,150
|
$6,321,640,000 | 1.88% |
| Main Str Cap Corp |
0.04%
122,965
|
$6,208,503,000 | 1.85% |
| Baker Hughes Company |
0.40%
172,550
|
$6,068,583,000 | 1.80% |
| Walmart Inc |
0.76%
81,503
|
$5,518,568,000 | 1.64% |
| Delta Air Lines, Inc. |
7.30%
112,400
|
$5,332,256,000 | 1.59% |
| Sysco Corp. |
4.04%
74,615
|
$5,326,765,000 | 1.58% |
| Iron Mtn Inc Del |
2.48%
58,970
|
$5,284,891,000 | 1.57% |
| International Business Machs |
0.39%
30,545
|
$5,282,758,000 | 1.57% |
| 3M Co. |
2.39%
51,571
|
$5,270,040,000 | 1.57% |
| Home Depot, Inc. |
0.07%
15,141
|
$5,212,138,000 | 1.55% |
| Kirby Corp. |
1.44%
41,005
|
$4,909,529,000 | 1.46% |
| Valero Energy Corp. |
0.20%
30,760
|
$4,821,938,000 | 1.43% |
| Kraft Heinz Co |
0.34%
149,100
|
$4,804,002,000 | 1.43% |
| Zimmer Biomet Holdings Inc |
0.06%
44,250
|
$4,802,452,000 | 1.43% |
| Broadcom Inc |
0.99%
2,990
|
$4,800,535,000 | 1.43% |
| Vici Pptys Inc |
0.66%
163,884
|
$4,693,638,000 | 1.40% |
| HP Inc |
2.07%
133,968
|
$4,691,559,000 | 1.40% |
| Qualcomm, Inc. |
19.70%
23,080
|
$4,597,074,000 | 1.37% |
| NRG Energy Inc. |
No change
56,770
|
$4,420,112,000 | 1.31% |
| Bhp Group Ltd |
3.12%
70,155
|
$4,005,149,000 | 1.19% |
| Woodside Energy Group Ltd |
6.05%
198,559
|
$3,734,895,000 | 1.11% |
| AT&T Inc. |
0.61%
182,780
|
$3,492,926,000 | 1.04% |
| Consol Energy Inc |
9.99%
33,350
|
$3,402,700,000 | 1.01% |
| General Mtrs Co |
No change
68,917
|
$3,201,884,000 | 0.95% |
| Mckesson Corporation |
No change
5,272
|
$3,079,059,000 | 0.92% |
| Berkshire Hathaway Inc. |
0.52%
7,225
|
$2,939,130,000 | 0.87% |
| Smucker J M Co |
Opened
25,860
|
$2,819,774,000 | 0.84% |
| Hewlett Packard Enterprise C |
45.65%
133,150
|
$2,818,785,000 | 0.84% |
| Valley Natl Bancorp |
0.24%
400,258
|
$2,793,801,000 | 0.83% |
| J P Morgan Exchange Traded F |
No change
42,150
|
$2,389,062,000 | 0.71% |
| Novo-nordisk A S |
2.27%
15,480
|
$2,209,615,000 | 0.66% |
| Fifth Third Bancorp |
18.12%
51,500
|
$1,879,235,000 | 0.56% |
| Bank America Corp |
25.39%
47,017
|
$1,869,866,000 | 0.56% |
| Cheniere Energy Inc. |
Opened
10,590
|
$1,851,450,000 | 0.55% |
| UGI Corp. |
25.75%
79,890
|
$1,829,481,000 | 0.54% |
| Comcast Corp New |
1.04%
41,390
|
$1,620,832,000 | 0.48% |
| Travel Plus Leisure Co |
No change
34,980
|
$1,573,400,000 | 0.47% |
| Verizon Communications Inc |
0.27%
37,630
|
$1,551,861,000 | 0.46% |
| CoreCivic Inc |
No change
118,890
|
$1,543,192,000 | 0.46% |
| Spdr Ser Tr |
0.16%
11,590
|
$1,474,016,000 | 0.44% |
| Johnson & Johnson |
0.69%
8,660
|
$1,265,746,000 | 0.38% |
| Molson Coors Beverage Company |
No change
23,545
|
$1,196,792,000 | 0.36% |
| D.R. Horton Inc. |
No change
7,060
|
$994,966,000 | 0.30% |
| O-I Glass Inc |
No change
79,275
|
$882,331,000 | 0.26% |
| New York Cmnty Bancorp Inc |
41.82%
267,800
|
$862,316,000 | 0.26% |
| Vanguard Index Fds |
14.23%
3,210
|
$858,707,000 | 0.26% |
| Eagle Matls Inc |
34.52%
3,600
|
$782,856,000 | 0.23% |
| Arch Resources Inc |
24.84%
5,025
|
$764,956,000 | 0.23% |
| JPMorgan Chase & Co. |
0.67%
3,735
|
$755,441,000 | 0.22% |
| Eaton Corp Plc |
0.70%
2,400
|
$752,520,000 | 0.22% |
| SoFi Technologies, Inc. |
Opened
111,000
|
$733,710,000 | 0.22% |
| Spdr S&p 500 Etf Tr |
0.40%
1,250
|
$680,156,000 | 0.20% |
| Ishares Tr |
9.05%
4,060
|
$1,072,544,000 | 0.32% |
| Ishares Tr |
Closed
4,265
|
$471,368,000 | |
| Lockheed Martin Corp. |
No change
1,000
|
$467,100,000 | 0.14% |
| AMGEN Inc. |
No change
1,347
|
$420,870,000 | 0.13% |
| Intel Corp. |
No change
13,213
|
$409,207,000 | 0.12% |
| Pan Amern Silver Corp |
45.21%
20,000
|
$397,600,000 | 0.12% |
| Truist Finl Corp |
Closed
10,000
|
$389,800,000 | |
| Ross Stores, Inc. |
No change
2,600
|
$377,832,000 | 0.11% |
| Alibaba Group Hldg Ltd |
Closed
5,005
|
$362,162,000 | |
| Marathon Pete Corp |
No change
2,000
|
$346,960,000 | 0.10% |
| Procter And Gamble Co |
0.96%
2,097
|
$345,837,000 | 0.10% |
| Select Sector Spdr Tr |
No change
1,430
|
$323,509,000 | 0.10% |
| Caterpillar Inc. |
2.12%
922
|
$307,118,000 | 0.09% |
| RTX Corp |
Opened
3,000
|
$301,170,000 | 0.09% |
| Wells Fargo Co New |
No change
5,000
|
$296,950,000 | 0.09% |
| Toyota Motor Corporation |
No change
1,400
|
$286,958,000 | 0.09% |
| Costco Whsl Corp New |
5.16%
326
|
$277,097,000 | 0.08% |
| Coterra Energy Inc |
58.35%
10,350
|
$276,034,000 | 0.08% |
| General Dynamics Corp. |
Opened
906
|
$262,867,000 | 0.08% |
| United Airls Hldgs Inc |
No change
5,400
|
$262,764,000 | 0.08% |
| Phillips 66 |
No change
1,770
|
$249,871,000 | 0.07% |
| Fiserv, Inc. |
No change
1,618
|
$241,147,000 | 0.07% |
| Bristol-Myers Squibb Co. |
Closed
4,307
|
$233,569,000 | |
| Uber Technologies Inc |
23.79%
3,204
|
$232,867,000 | 0.07% |
| Conocophillips |
No change
2,000
|
$228,760,000 | 0.07% |
| Colgate-Palmolive Co. |
No change
2,300
|
$223,192,000 | 0.07% |
| Honeywell International Inc |
No change
1,026
|
$219,092,000 | 0.07% |
| Laboratory Corp Amer Hldgs |
No change
1,000
|
$203,510,000 | 0.06% |
| Ford Mtr Co Del |
8.89%
10,250
|
$128,535,000 | 0.04% |
| Uranium Energy Corp |
No change
10,000
|
$60,100,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 103 holdings | |||
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