AdvisorCensus / Financial advisors / Texas / Houston / Hourglass Capital, LLC
Hourglass Capital, LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2008, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.
Quick answers
From the filingHow is Hourglass Capital, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Hourglass Capital, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
What does Hourglass Capital, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 25, 2026 states: Up to $10,000,000: 1% a year; $10,000,000 to $50,000,000: 0.85% a year; Above $50,000,000: 0.7% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Hourglass Capital, LLC located?
Hourglass Capital, LLC's principal office is in Houston, TX, according to its Form ADV.
Is Hourglass Capital, LLC registered with the SEC or a state?
Hourglass Capital, LLC is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 147754.
How much does Hourglass Capital, LLC manage?
Hourglass Capital, LLC reports $768,905,942 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (100% discretionary).
How have Hourglass Capital, LLC's assets and staff changed since 2021?
In the Form ADV data for Hourglass Capital, LLC: Regulatory assets under management: $446,177,000 in the October 2021 data and $768,905,942 in the October 2026 data, up 72%. Total employees: 6 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Hourglass Capital, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (69); individuals (other than high net worth individuals) (28); pension and profit sharing plans (but not the plan participants or government pension plans) (5).
Which custodians does Hourglass Capital, LLC use?
Hourglass Capital, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Hourglass Capital, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/147754
Does Hourglass Capital, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 25, 2026 says: "Hourglass requires a minimum account size of $2,000,000 to establish a managed account. Hourglass can accept smaller accounts at our discretion, based on the client’s specific situation."
What changed in Hourglass Capital, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $598,456,000 to $768,905,942 (+28%). Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $10,000,000 | 1% |
| $10,000,000 to $50,000,000 | 0.85% |
| Above $50,000,000 | 0.7% |
The brochure's wording
As an example, this means that the first $10 million of the account or household may be charged at a rate of 1.00% per year, the next $40 million charged at a rate of .85% per year, and amounts over $50 million are charged at a rate of .70% per year.
Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Hourglass requires a minimum account size of $2,000,000 to establish a managed account. Hourglass can accept smaller accounts at our discretion, based on the client’s specific situation.
As stated in the firm's Form ADV Part 2A brochure dated March 25, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$768,905,942 as of October 2026, filing dated October 1, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2008 (18 years)
- Employees
- Total: 6. Performing investment advisory functions: 2.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $768,905,942 | 6 | October 1, 2026 |
| October 2025 | $598,456,000 | 6 | March 25, 2025 |
| October 2024 | $535,598,000 | 6 | June 6, 2024 |
| October 2023 | $467,634,000 | 6 | April 14, 2023 |
| October 2022 | $406,928,000 | 6 | March 22, 2022 |
| October 2021 | $446,177,000 | 6 | March 23, 2021 |
Regulatory assets under management: $446,177,000 in the October 2021 data and $768,905,942 in the October 2026 data, up 72%.
Total employees: 6 in October 2021 and 6 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $598,456,000 to $768,905,942 (+28%).
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Hourglass Capital, LLC (CRD 147754): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/hourglass-capital-llc-houston-tx-147754