Abstract: The present invention provides for a tool holder for use by fishermen, handymen and the like. The tool holder comprises a holster portion having a pocket of a size for holding a tool, the pocket being formed from a front and base connected together along the sides thereof and having an open top. The tool holder includes a belt loop portion for attaching the holder to the belt of a user, the belt loop portion being attached to the holster portion through a movable connection. The holster portion has a closure tongue attached to the front near the top opening and has one part of a two part releasable securing means attached thereto, the second part of the two part releasable securing means being attached to the base. The closure tongue is movable between an open position falling away from the holster to allow free access to the pocket and a closed position with the tongue being centrally located and protected by the portion of the tool projecting from the pocket.