I tried one on at a trunk show and loved it, listed for it in 2 colors in large, one in small. About a week ago, someone whose local boutique had them in tried on the bag and posted negatively about the fit, the bulkiness. I was surprised, because it didn't seem to be the soft, drapey bag I remembered. On Sunday one was out on display at my local NM, and I tried it. It is fairly large, as I remembered, so yes, I think it will hold pretty much, but it did not softly hang and drape as I remembered. It retained that sort of punching bag shape and was not comfortable to wear. I was so disappointed! Now I think I will just stick with the large size Rock and Chain flap I already got.
I believe that with either size hobo you could grasp the bag above the chains and carry it that way, of course. But it sort of defeats the purpose for me of a really cool and comfortable shoulder bag. I'm going to look again before I decide no for sure. I'd be really interested to hear what other people think as they get the bags and begin wearing them.