0001442573-12-000003.txt : 20120203 0001442573-12-000003.hdr.sgml : 20120203 20120203103840 ACCESSION NUMBER: 0001442573-12-000003 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20120203 DATE AS OF CHANGE: 20120203 EFFECTIVENESS DATE: 20120203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOURGLASS CAPITAL, LLC CENTRAL INDEX KEY: 0001442573 IRS NUMBER: 262695261 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-13181 FILM NUMBER: 12568271 BUSINESS ADDRESS: STREET 1: 4409 MONTROSE BLVD STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77006 BUSINESS PHONE: 7139360440 MAIL ADDRESS: STREET 1: 4409 MONTROSE BLVD STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77006 13F-HR/A 1 hcm13fca033111.txt 13-F AMENDED FOR QUARTER ENDING 03/31/2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011. Check here if Amendment [ x ]; Amendment Number: One This Amendment (Check only one.) [ x ] is a restatement. [ ] adds new holdings entries Institutional Investment Manager Filing this Report: Name: Hourglass Capital, LLC Address: 4409 Montrose Blvd, Suite 100 Houston, Texas 77006 13F File Number: 028-13181 The institutional investment manager filing this report and the person by whom it is signed hereby represent tthat the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Debra L. Gardner Title: Chief Compliance Officer Phone: (713) 936-0445 Signature, Place, and Date of Signing: Debra L. Gardner Houston, Texas February 3, 2012. Amendment is to correct reporting of option positions. Report Type (check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 118 Form 13F Information Table Value Total: $600,401 List of Other Included Managers: NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABBOTT LABORATORIES COM 002824100 3586 73100 SH Sole 70500 2600 ADOBE SYSTEMS COM 00724F101 6769 204145 SH Sole 199545 4600 9948 300000 SH CALL Sole 300000 AKAMAI TECHNOLOGIES COM 00971T101 2093 55075 SH Sole 52575 2500 ALPHA NATURAL RESOURCES COM 02076X102 5337 89890 SH Sole 87790 2100 AMERICAN EXPRESS COM 025816109 12741 281890 SH Sole 277690 4200 AMR CORP. COM 001765106 8 1300 SH Sole 1300 6460 1000000 SH CALL Sole 1000000 APACHE CORP. COM 037411105 799 6100 SH Sole 6100 APPLE INC COM 037833100 910 2612 SH Sole 2612 ARTHUR J. GALLAGHER & CO. COM 363576109 4880 160480 SH Sole 154480 6000 AT&T INC. COM 00206R102 2447 79946 SH Sole 76746 3200 ATMOS ENERGY COM 049560105 4941 144910 SH Sole 139410 5500 AUTODESK INC COM 052769106 11009 249590 SH Sole 246490 3100 BANGKOK BANK PCL-FOREIGN COM 607701000 86 15000 SH Sole 15000 BANK OF AMERICA COM 060505104 19663 1475097 SH Sole 1462897 12200 BARNES & NOBLE INC COM 067774109 4150 451534 SH Sole 443034 8500 BASF SE - FOREIGN COM AC10054Q2 451 5200 SH Sole 5200 BERKSHIRE HATHAWAY - CL B COM 084670702 3462 41396 SH Sole 39746 1650 BOISE INC COM 09746Y105 10514 1147800 SH Sole 1147800 BRISTOL MYERS SQUIBB COM 110122108 4420 167225 SH Sole 161725 5500 CBS CORP NEW CL B COM 124857202 13302 531250 SH Sole 526350 4900 CHEVRON CORP. COM 166764100 899 8360 SH Sole 8360 CHINA CONSTRUCTION BANK - H-FO COM B0LMTQ3 23 25000 SH Sole 25000 CISCO SYSTEMS COM 17275R102 5926 345555 SH Sole 339105 6450 10290 600000 SH CALL Sole 600000 CITIGROUP INC COM 172967424 20518 4642120 SH Sole 4611020 31100 COCA-COLA COM 191216100 3421 51570 SH Sole 49770 1800 COLGATE PALMOLIVE COM 194162103 2354 29150 SH Sole 27950 1200 COMFORT SYS USA INC COM 199908104 1407 100000 SH PUT Sole 100000 CONAGRA INC. COM 205887102 304 12800 SH Sole 12800 CONOCOPHILLIPS COM 20825C104 3428 42925 SH Sole 41025 1900 CVS CORP. COM 126650100 398 11584 SH Sole 11584 DELTA AIR LINES COM 247361702 10731 1095000 SH Sole 1095000 DOMTAR CORP COM 257559203 4765 51915 SH Sole 50615 1300 27534 300000 SH CALL Sole 300000 DU PONT COM 263534109 552 10050 SH Sole 10050 DUKE ENERGY CORP COM 26441C105 3612 198995 SH Sole 192995 6000 E.ON AG-FOREIGN COM 494290901 276 9000 SH Sole 9000 ENSCO PLC SPONSORED ADR COM 29358Q109 5474 94635 SH Sole 92135 2500 EXXON MOBIL COM 30231G102 3836 45597 SH Sole 43097 2500 FIRSTENERGY CORP COM 337932107 2850 76830 SH Sole 74030 2800 FORD MOTOR CO. COM 345370860 201 13500 SH Sole 13500 FREIGHTCAR AMER INC COM 357023100 4135 127200 SH Sole 127200 FRONTIER COMMUNICATIONS COM 17453B101 4923 598873 SH Sole 578173 20700 GAP INC. COM 364760108 2267 100040 SH Sole 95440 4600 GENUINE PARTS CO. COM 372460105 279 5200 SH Sole 5200 GOLDMAN SACHS GROUP COM 38141G104 10119 63805 SH Sole 63155 650 GOOGLE INC. COM 38259P508 6345 10813 SH Sole 10533 280 HALLIBURTON CO. COM 406216101 10068 202000 SH Sole 202000 HENRY SCHEIN INC COM 806407102 1990 28360 SH Sole 27160 1200 HEWLETT PACKARD COM 428236103 5788 141275 SH Sole 138375 2900 8194 200000 SH CALL Sole 200000 HOSPITALITY PPTYS TR (REIT) COM 44106M102 4849 209470 SH Sole 201870 7600 IBM CORP. COM 459200101 5072 31105 SH Sole 30205 900 13046 80000 SH CALL Sole 80000 IMAGING3 INC COM COM 45248F103 1 10000 SH Sole 10000 INT'L PAPER COM 460146103 12326 408400 SH Sole 408400 INTEL CORP. COM 458140100 6293 311820 SH Sole 304320 7500 15064 746500 SH CALL Sole 746500 ISHARES TR RUSSELL 1000 GROWTH COM 464287614 895 14800 SH Sole 14800 J P MORGAN CHASE & CO. COM 46625H100 263 5698 SH Sole 5698 JOHNSON & JOHNSON COM 478160104 557 9406 SH Sole 9406 KIMBERLY CLARK COM 494368103 3085 47260 SH Sole 45260 2000 KIMCO REALTY (REIT) COM 49446R109 4408 240330 SH Sole 231730 8600 KRAFT FOODS INC. COM 50075N104 207 6612 SH Sole 6612 LAB CORP OF AMERICA COM 50540R409 10870 117990 SH Sole 116390 1600 LEGGETT & PLATT INC COM 524660107 4740 193470 SH Sole 186570 6900 LINDE AG MARKET-FOREIGN COM 574081907 205 1300 SH Sole 1300 LOCKHEED MARTIN CORP COM 539830109 4166 51820 SH Sole 49820 2000 LORILLARD INC COM 544147101 353 3720 SH Sole 3720 MCDONALD'S CORP. COM 580135101 269 3530 SH Sole 3530 MERCK & CO. COM 58933Y105 4423 133980 SH Sole 129380 4600 MICROCHIP TECHNOLOGY COM 595017104 5524 145330 SH Sole 140330 5000 MICROSOFT CORP. COM 594918104 234 9200 SH Sole 9200 MX ENERGY HOLDINGS INC. CL A ( COM unlisted9 1069 427500 SH Sole 427500 NEENAH ENTERPRISES (PRIVATE) COM 64007R109 2327 465366 SH Sole 465366 NEW YORK COMMUNITY BANCORP COM 649445103 5332 308940 SH Sole 300940 8000 NOKIA CORP. COM 654902204 2559 300727 SH Sole 289727 11000 PACER INTL INC TENN COM COM 69373H106 11112 2116500 SH Sole 2116500 PEPSICO COM 713448108 4257 66098 SH Sole 64698 1400 PFIZER INC. COM 717081103 3048 150068 SH Sole 145068 5000 PHILIP MORRIS INT'L INC. COM 718172109 6268 95505 SH Sole 92105 3400 PLAINS EXPL & PRODTN COM COM 726505100 4576 126300 SH Sole 126300 PLUM CREEK TIMBER (REIT) COM 729251108 5329 122205 SH Sole 117705 4500 PROCTER & GAMBLE COM 742718109 477 7750 SH Sole 7750 S&P MIDCAP 400 ETF COM 595635103 622 3465 SH Sole 3465 SCHLUMBERGER COM 806857108 3290 35280 SH Sole 33480 1800 SERVICE CORP INTL COM 817565104 7333 663050 SH Sole 663050 SMUCKER J M CO COM 832696405 1698 23785 SH Sole 21885 1900 SOUTHERN CO. COM 842587107 212 5570 SH Sole 5570 SPDR S&P 500 ETF TRUST COM 78462F103 525 3958 SH Sole 3958 STARBUCKS COM 855244109 1847 50000 SH Sole 50000 STERICYCLE INC COM 858912108 5840 65865 SH Sole 63965 1900 SYNERON MEDICAL LTD ORD SHS COM M87245102 4380 335900 SH Sole 335900 TALISMAN ENERGY INC COM 87425E103 299 12092 SH Sole 12092 TARGET CORP. COM 87612E106 205 4109 SH Sole 4109 TRANSOCEAN LTD COM H8817H100 19749 253360 SH Sole 251460 1900 UDR INC. (REIT) COM 902653104 438 17981 SH Sole 17981 UMH PROPERTIES (REIT) COM 903002103 136 13725 SH Sole 13725 UNICREDIT SPA-FOREIGN COM 517971909 29 11823 SH Sole 11823 UNITED CONTINENTAL COM 910047109 7677 333920 SH Sole 327320 6600 43681 1900000 SH CALL Sole 1900000 11495 500000 SH CALL Sole 500000 UNITED HEALTH GROUP INC COM 91324P102 5148 113900 SH Sole 113900 USG CORP COM 903293405 14543 872940 SH Sole 866340 6600 V F CORP. COM 918204108 5986 60755 SH Sole 59155 1600 VERIZON COMMUNICATIONS COM 92343v104 5413 140459 SH Sole 138359 2100 VMWARE INC COM 928563402 1599 19605 SH Sole 18605 1000 WASTE MANAGEMENT INC COM 94106L109 5740 153715 SH Sole 147515 6200 WELLPOINT INC COM 94973V109 3182 45590 SH Sole 43690 1900 WINDSTREAM CORP COM 97381W104 4788 371720 SH Sole 358220 13500 ZIMMER HLDGS INC COM 98956P102 1744 28805 SH Sole 27155 1650 BOARDWALK PIPELINE (MLP) LTD 096627104 3685 112820 SH Sole 106420 6400 ENTERPRISE PRODUCTS (MLP) LTD 293792107 996 23140 SH Sole 23140 KINDER MORGAN ENERGY (MLP) LTD 494550106 3524 47565 SH Sole 44865 2700 MAGELLAN MIDSTREAM (MLP) LTD 559080106 275 4600 SH Sole 4600 PLAINS ALL AMERICAN PIPELINE LTD 726503105 231 3625 SH Sole 3625