Hourglass Capital, LLC
Hourglass Capital, LLC is a private investment advisory firm based in Houston, Texas, founded in 1989. The firm provides investment management services to high-net-worth individuals and institutions through separately managed accounts. Hourglass is independently owned by its principal portfolio managers, Kenneth A. Moffet and John H. Moffet. The firm is staffed by a small team, currently employing 6 people. Hourglass Capital delivers discretionary and non-discretionary portfolio management, aiming to tailor strategies to the specific needs and objectives of its clients.
Investment Strategy
Hourglass Capital specializes in providing customized investment management services for separately managed accounts, focusing on individualized client objectives such as capital appreciation, growth, and income. Portfolios are generally managed on a discretionary basis, although some non-discretionary relationships exist. The firm’s investment approach is guided by in-depth discussions with each client to establish goals and constraints, resulting in a tailored investment policy. Investment decisions are executed with an emphasis on risk management, diversification, and long-term value, with ongoing portfolio reviews to ensure alignment with client objectives. Hourglass avoids a formulaic or prescriptive style and instead builds diversified portfolios with an active management philosophy.
Top Holdings
Equity Positions (106)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GS | GOLDMAN SACHS GROUP INC | 3.02% | $12.2M | 17,269 | $162.03 | $707.75 | +$2.6M |
C CSCO | CISCO SYS INC | 2.76% | $11.2M | 161,027 | $31.09 | $69.38 | +$1.9M |
O ORCL | ORACLE CORP | 2.73% | $11.0M | 50,468 | $40.10 | $218.63 | +$3.8M |
N NEM | NEWMONT CORP | 2.68% | $10.8M | 185,750 | $41.33 | $58.26 | +$542.3K |
L LYB | LYONDELLBASELL INDUSTRIES N | 2.64% | $10.7M | 184,568 | $75.68 | $57.86 | +$3.0M |