Abstract: A tool holder particularly suited for carrying a hammer or a hatchet from a wearer's waist belt includes a tool suspension arrangement joined to a waist belt suspended pliant pad. The tool suspension arrangement comprises a pivot rod extending normally from and joined to the pad and a protruding support element. Spaced apart end portions of the support element are riveted to the pad and a forward portion of the support element spaced apart from the pad supports the pivot rod. A swivelable pivot rod supported element includes a lower clip portion engaging a laterally extendable tool loop in frictionally pivotable relationship. The tool loop is movable from a position substantially flush with the pad avoiding inconvenient interference to the wearer, to a tool suspending position extending laterally from the pad. For use, the tool loop is rotated from the flush position to the extended position.