Data as of Q4 2025 (Dec 31, 2025)

HOURGLASS CAPITAL, LLC

•CIK: 1442573•Filing: Q4 2025

**HOURGLASS CAPITAL, LLC** manages $464M across a diversified portfolio of 114 positions. The fund exhibits significant concentration in key technology and materials names, notably holding NEM at $15.5M and GOOGL at $15.1M. Further top allocations include TRVC ($13.6M), DWD ($12.5M), and GS ($12.4M). This structure suggests a tactical, large-cap tilt across industrial and growth sectors.

Total AUM
$463.7M
QoQ Performance
+4.1%
Positions
111
Top 10 Concentration
26.1%
Latest Filing
Q4 2025

Top Holdings Allocation

NEM3.3%
GOOGL3.3%
TRVC2.9%
DWD2.7%
GS2.7%
CSCO2.5%
CNR2.4%
PFE2.4%

📈 Biggest Buys

IRM
IRON MTN INC DEL
+136.4%
1.4% of portfolio
CMCSA
COMCAST CORP NEW
+90.0%
0.7% of portfolio
UNP
UNION PAC CORP
NEW
0.3% of portfolio
IWD
ISHARES TR
+493.0%
0.3% of portfolio
VICI
VICI PPTYS INC
+19.5%
1.3% of portfolio

📉 Biggest Sells

LYB
LYONDELLBASELL INDUSTRIES N
-17.4%
0.9% of portfolio
KHC
KRAFT HEINZ CO
-16.1%
1.0% of portfolio
ABBV
ABBVIE INC
-9.2%
1.9% of portfolio
GOOGL
ALPHABET INC
-5.4%
3.3% of portfolio
PFE
PFIZER INC
-6.9%
2.4% of portfolio

Sector Breakdown

Other57.4%
Technology16.7%
Financial5.2%
Healthcare5.1%
Energy4.6%
Consumer3.5%
Industrial2.4%
Materials1.9%

🚪 Exited Positionssold since Q3 2025

MAN
MANPOWERGROUP INC WIS
SOLD
$2.8M
NVO
NOVO-NORDISK A S
SOLD
$316.3K

Changes from Q3 2025

NEW10 new positions
↑32 increased
↓50 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

📌 Top Holdings

NEM3.3%
NEWMONT CORP
$15.5M
GOOGL3.3%
ALPHABET INC
$15.1M
TRVC2.9%
CITIGROUP INC
$13.6M
DWD2.7%
MORGAN STANLEY
$12.5M
GS2.7%
GOLDMAN SACHS GROUP INC
$12.4M

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