HOURGLASS CAPITAL, LLC

Q3 2025 13F-HR Holdings

Location
Houston, TX
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
106
Total value ($000)
$445,359
Net value change ($000)
+40,822 (10.1%)
New positions
3
Sold out positions
3
Turnover %
1.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/29/2025 Next filing: 1/14/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ABBV 4,362 78.4%
CNR 3,412 53.7%
GOOGL 3,357 37.1%
DOW 2,874 305.7%
NEM 2,759 25.5%
CAG 2,697 NEW
HPQ 2,621 69.5%
ORCL 2,239 20.3%
ZBH 2,155 37.5%
FFIN 1,918 NEW
Top Reduces (Value $000, Stocks/ETFs)
LYB -4,653 -43.6%
FHI -2,925 -47.1%
PM -1,290 -13.1%
NVO -1,280 -80.2%
GS -752 -6.2%
JEPI -674 -28.1%
KMI -671 -7.8%
UPS -559 -14.3%
SOFI -455 -100.0%
FCX -386 -5.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type