Hodges Capital Management Inc.

DALLAS, TX · CIK 1337263 · 13F filing filed 2024-08-02

SEC-registered investment adviser since 1990 · corporation

Assets managed$1.2bn
Staff20 · 10 in investment roles
Main clients (by assets)Mutual funds and ETFs 41%, High net worth individuals 31%, Private funds 9%
Form ADV · 2025-10-31SEC adviser record

Legal entityHODGES CAPITAL MANAGEMENT INC. (US)

$1.5bn reported value -5.0% vs Q1 2024

214positions

26.0%in top 10

18 new 94 added 76 reduced 18 sold out vs Q1 2024

Options: 4 call positions ($23.5m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	75,361	$55.3m3.76%	3.76%	Reduced -1.8k	-1,776 -2.3%
2	MATADOR RES CO COM MTDR	MTDR	879,252	$52.4m3.56%	3.56%	Added +8.0k	+8,001 0.9%
3	NVIDIA CORPORATION COM NVDA	NVDA	376,291	$46.5m3.16%	3.16%	Reduced -50.2k	-50,219 -11.8%
4	UBER TECHNOLOGIES INC COM UBER	UBER	560,067	$40.7m2.77%	2.77%	Reduced -37.3k	-37,298 -6.2%
5	EAGLE MATLS INC COM EXP	EXP	177,485	$38.6m2.62%	2.62%	Added +14.3k	+14,264 8.7%
6	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	2,199,634	$33.9m2.30%	2.30%	Added +104.2k	+104,197 5.0%
7	FREEPORT-MCMORAN INC CL B FCX	FCX	606,607	$29.5m2.01%	2.01%	Added +18.4k	+18,445 3.1%
8	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	752,390	$28.7m1.95%	1.95%	Added +109.5k	+109,505 17.0%
9	NORWEGIAN CRUISE LINE HLDG L SHS NCLH	NCLH	1,521,440	$28.6m1.94%	1.94%	Added +377.2k	+377,233 33.0%
10	ON HLDG AG NAMEN AKT A ONON	ONON	715,479	$27.8m1.89%	1.89%	Reduced -130.8k	-130,837 -15.5%
11	MICROSOFT CORP COM MSFT	MSFT	62,084	$27.7m1.89%	1.89%	Reduced -1.4k	-1,408 -2.2%
12	BANC OF CALIFORNIA INC COM BANC	BANC	1,986,246	$25.4m1.73%	1.73%	Added +238.2k	+238,242 13.6%
13	TOPGOLF CALLAWAY BRANDS CORP COM CALY	CALY	1,637,289	$25.1m1.70%	1.70%	Added +86.9k	+86,913 5.6%
14	TAYLOR MORRISON HOME CORP COM TMHC	TMHC	447,918	$24.8m1.69%	1.69%	Added +93.6k	+93,567 26.4%
15	PERMIAN RESOURCES CORP CLASS A COM PR	PR	1,536,622	$24.8m1.69%	1.69%	Reduced -64.8k	-64,754 -4.0%
16	MICRON TECHNOLOGY INC COM MU	MU	163,031	$21.4m1.46%	1.46%	Reduced -11.6k	-11,554 -6.6%
17	WYNN RESORTS LTD COM WYNN	WYNN	231,004	$20.7m1.41%	1.41%	Added +13.8k	+13,766 6.3%
18	AIRBNB INC COM CL A ABNB	ABNB	133,301	$20.2m1.37%	1.37%	Added +1.1k	+1,071 0.8%
19	SHOE CARNIVAL INC COM SHOE	SHOE	515,428	$19.0m1.29%	1.29%	Reduced -57.2k	-57,194 -10.0%
20	HALOZYME THERAPEUTICS INC COM HALO	HALO	338,856	$17.7m1.21%	1.21%	Added +21.8k	+21,811 6.9%
21	SUNOPTA INC COM STKL	STKL	3,198,624	$17.3m1.17%	1.17%	Added +323.4k	+323,397 11.2%
22	APPLE INC COM AAPL	AAPL	81,515	$17.2m1.17%	1.17%	Added +1.7k	+1,669 2.1%
23	SHIFT4 PMTS INC CL A FOUR	FOUR	233,028	$17.1m1.16%	1.16%	Reduced -55.6k	-55,648 -19.3%
24	ETHAN ALLEN INTERIORS INC COM ETD	ETD	544,546	$15.2m1.03%	1.03%	Added +77.6k	+77,565 16.6%
25	HILLTOP HOLDINGS INC COM HTH	HTH	472,101	$14.8m1.00%	1.00%	Added +12.1k	+12,106 2.6%
26	NOVO-NORDISK A S ADR NVO	NVO	97,568	$13.9m0.95%	0.95%	Reduced -61.5k	-61,490 -38.7%
27	COMMERCIAL METALS CO COM CMC	CMC	253,115	$13.9m0.95%	0.95%	Added +262	+262 0.1%
28	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	48,665	$13.3m0.90%	0.90%	Added +29.4k	+29,405 152.7%
29	EXXON MOBIL CORP COM XOM	XOM	110,339	$12.7m0.86%	0.86%	Added +2.8k	+2,797 2.6%
30	ON SEMICONDUCTOR CORP COM ON	ON	182,777	$12.5m0.85%	0.85%	Reduced -55.7k	-55,672 -23.4%
31	MAPLEBEAR INC COM CART	CART	386,850	$12.4m0.85%	0.85%	Added +220.3k	+220,300 132.3%
32	CINEMARK HLDGS INC COM CNK	CNK	567,276	$12.3m0.83%	0.83%	Reduced -73.1k	-73,129 -11.4%
33	TOWER SEMICONDUCTOR LTD SHS NEW TSEM	TSEM	306,275	$12.0m0.82%	0.82%	Added +164.6k	+164,575 116.1%
34	KIMBALL ELECTRONICS INC COM KE	KE	546,051	$12.0m0.82%	0.82%	Reduced -30.7k	-30,709 -5.3%
35	ONEOK INC NEW COM OKE	OKE	144,930	$11.8m0.80%	0.80%	Added +589	+589 0.4%
36	EXPAND ENERGY CORPORATION COM EXE	EXE	142,930	$11.7m0.80%	0.80%	Added +950	+950 0.7%
37	AMAZON COM INC COM AMZN	AMZN	60,281	$11.6m0.79%	0.79%	Added +4.8k	+4,827 8.7%
38	GENERAC HLDGS INC COM GNRC	GNRC	87,182	$11.5m0.78%	0.78%	New
39	TEXAS CAP BANCSHARES INC COM TCBI	TCBI	179,098	$11.0m0.74%	0.74%	Added +32.2k	+32,248 22.0%
40	TYSON FOODS INC CL A TSN	TSN	189,291	$10.8m0.74%	0.74%	Added +62.2k	+62,186 48.9%
41	ACADEMY SPORTS & OUTDOORS IN COM ASO	ASO	202,448	$10.8m0.73%	0.73%	Added +35.4k	+35,377 21.2%
42	AVIAT NETWORKS INC COM NEW AVNW	AVNW	365,535	$10.5m0.71%	0.71%	Added +163.4k	+163,365 80.8%
43	STITCH FIX INC COM CL A SFIX	SFIX	2,511,100	$10.4m0.71%	0.71%	Added +1.9m	+1,860,950 286.2%
44	DIODES INC COM DIOD	DIOD	138,122	$9.9m0.68%	0.68%	Added +13.2k	+13,219 10.6%
45	EVOLENT HEALTH INC CL A EVH	EVH	505,635	$9.7m0.66%	0.66%	Added +30.9k	+30,889 6.5%
46	SYMBOTIC INC CLASS A COM SYM	SYM	270,736	$9.5m0.65%	0.65%	Reduced -45.2k	-45,155 -14.3%
47	NAVIGATOR HLDGS LTD SHS NVGS	NVGS	543,273	$9.5m0.65%	0.65%	Added +20.7k	+20,738 4.0%
48	CAL MAINE FOODS INC COM NEW CALM	CALM	154,834	$9.5m0.64%	0.64%	Added +609	+609 0.4%
49	GRAPHIC PACKAGING HLDG CO COM GPK	GPK	357,874	$9.4m0.64%	0.64%	Added +24.9k	+24,869 7.5%
50	JPMORGAN CHASE & CO COM JPM	JPM	44,855	$9.1m0.62%	0.62%	Reduced -7.2k	-7,191 -13.8%
51	WALMART INC COM WMT	WMT	133,957	$9.1m0.62%	0.62%	Added +14.4k	+14,359 12.0%
52	OWENS CORNING NEW COM OC	OC	51,536	$9.0m0.61%	0.61%	Added +43.6k	+43,565 546.5%
53	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	51,068	$8.9m0.60%	0.60%	Added +4.5k	+4,468 9.6%
54	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	414,802	$8.8m0.60%	0.60%	New
55	VERTIV HOLDINGS CO COM CL A VRT	VRT	101,225	$8.8m0.60%	0.60%	Added +98.1k	+98,100 3139.2%
56	BRUNSWICK CORP COM BC	BC	117,427	$8.5m0.58%	0.58%	Added +329	+329 0.3%
57	TRIUMPH FINANCIAL INC COM TFIN	TFIN	103,835	$8.5m0.58%	0.58%	Reduced -265	-265 -0.2%
58	PROSPERITY BANCSHARES INC COM PB	PB	135,681	$8.3m0.56%	0.56%	Added +31.6k	+31,597 30.4%
59	KRATOS DEFENSE & SEC SOLUTIO COM NEW KTOS	KTOS	391,022	$7.8m0.53%	0.53%	Added +21.0k	+21,022 5.7%
60	ALASKA AIR GROUP INC COM ALK	ALK	188,802	$7.6m0.52%	0.52%	Reduced -14.6k	-14,643 -7.2%
61	MERCK & CO INC COM MRK	MRK	61,517	$7.6m0.52%	0.52%	Reduced -4.9k	-4,860 -7.3%
62	PAR TECHNOLOGY CORP COM PAR	PAR	156,755	$7.4m0.50%	0.50%	Added +60.8k	+60,766 63.3%
63	BOEING CO COM BA	BA	39,656	$7.2m0.49%	0.49%	Reduced -5.5k	-5,541 -12.3%
64	BELLRING BRANDS INC COMMON STOCK BRBR	BRBR	126,136	$7.2m0.49%	0.49%	Added +531	+531 0.4%
65	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	50,238	$7.0m0.47%	0.47%	Added +8.0k	+7,950 18.8%
66	ALAMO GROUP INC COM ALG	ALG	40,003	$6.9m0.47%	0.47%	Added +7.0k	+6,950 21.0%
67	ELI LILLY & CO COM LLY	LLY	7,608	$6.9m0.47%	0.47%	Added +378	+378 5.2%
68	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	39,380	$6.8m0.46%	0.46%	Added +18.8k	+18,845 91.8%
69	VARONIS SYS INC COM VRNS	VRNS	141,775	$6.8m0.46%	0.46%	Added +39.4k	+39,439 38.5%
70	IRONWOOD PHARMACEUTICALS INC COM CL A IRWD	IRWD	1,041,000	$6.8m0.46%	0.46%	Added +177.5k	+177,500 20.6%
71	COHERENT CORP COM COHR	COHR	92,500	$6.7m0.46%	0.46%	Reduced -64.9k	-64,864 -41.2%
72	KIRBY CORP COM KEX	KEX	54,557	$6.5m0.44%	0.44%	Reduced -974	-974 -1.8%
73	GROUP 1 AUTOMOTIVE INC COM GPI	GPI	21,671	$6.4m0.44%	0.44%	Added +118	+118 0.6%
74	COSTCO WHSL CORP NEW COM COST	COST	7,556	$6.4m0.44%	0.44%	Reduced -1	-1 -0.0%
75	FIRST HORIZON CORPORATION COM FHN	FHN	407,000	$6.4m0.44%	0.44%	Added +40.0k	+40,000 10.9%
76	SM ENERGY CO COM SM	SM	148,234	$6.4m0.44%	0.44%	Reduced -63.0k	-62,962 -29.8%
77	CATERPILLAR INC COM CAT	CAT	19,005	$6.3m0.43%	0.43%	Reduced -699	-699 -3.5%
78	ZETA GLOBAL HOLDINGS CORP CL A ZETA	ZETA	350,403	$6.2m0.42%	0.42%	Reduced -97.3k	-97,337 -21.7%
79	TEXAS ROADHOUSE INC COM TXRH	TXRH	35,987	$6.2m0.42%	0.42%	Reduced -4.7k	-4,734 -11.6%
80	ABBVIE INC COM ABBV	ABBV	35,602	$6.1m0.42%	0.42%	Added +4.3k	+4,296 13.7%
81	ALKAMI TECHNOLOGY INC COM ALKT	ALKT	211,500	$6.0m0.41%	0.41%	Added +40.9k	+40,949 24.0%
82	HOME BANCSHARES INC COM HOMB	HOMB	235,700	$5.6m0.38%	0.38%	Unchanged
83	GOLDMAN SACHS GROUP INC COM GS	GS	12,475	$5.6m0.38%	0.38%	Reduced -1.3k	-1,304 -9.5%
84	LUMENTUM HLDGS INC COM LITE	LITE	110,795	$5.6m0.38%	0.38%	New
85	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	13,539	$5.5m0.37%	0.37%	Added +335	+335 2.5%
86	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	32,814	$5.5m0.37%	0.37%	Unchanged
87	AMGEN INC COM AMGN	AMGN	17,215	$5.4m0.37%	0.37%	Reduced -977	-977 -5.4%
88	ICHOR HOLDINGS SHS ICHR	ICHR	138,920	$5.4m0.36%	0.36%	Added +1.6k	+1,600 1.2%
89	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	329,835	$5.3m0.36%	0.36%	Unchanged
90	DOUBLEVERIFY HLDGS INC COM DV	DV	270,425	$5.3m0.36%	0.36%	Reduced -202.4k	-202,401 -42.8%
91	HOME DEPOT INC COM HD	HD	14,992	$5.2m0.35%	0.35%	Reduced -5.6k	-5,562 -27.1%
92	ARCOSA INC COM ACA	ACA	60,201	$5.0m0.34%	0.34%	Unchanged
93	GREENBRIER COS INC COM GBX	GBX	100,800	$5.0m0.34%	0.34%	Added +31.6k	+31,560 45.6%
94	PROPETRO HLDG CORP COM PUMP	PUMP	562,127	$4.9m0.33%	0.33%	Unchanged
95	DIGI INTL INC COM DGII	DGII	212,168	$4.9m0.33%	0.33%	Added +31.8k	+31,783 17.6%
96	CARPENTER TECHNOLOGY CORP COM CRS	CRS	43,991	$4.8m0.33%	0.33%	Reduced -59.9k	-59,858 -57.6%
97	ATLAS ENERGY SOLUTIONS INC COM NEW AESI	AESI	232,760	$4.6m0.32%	0.32%	Unchanged
98	GULFPORT ENERGY CORP COMMON SHARES GPOR	GPOR	29,900	$4.5m0.31%	0.31%	Unchanged
99	KYNDRYL HLDGS INC COMMON STOCK KD	KD	170,580	$4.5m0.31%	0.31%	New
100	STRATUS PPTYS INC COM NEW STRS	STRS	174,275	$4.4m0.30%	0.30%	Unchanged

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
INDEPENDENT BANK GROUP INC IBTX	IBTX	350,284	$16.0m350.3k shares
BEYOND INC NXH	NXH	290,950	$10.4m290.9k shares
BOOKING HOLDINGS INC BKNG	BKNG	105	$9.2m105 shares
BLUE BIRD CORP BLBD	BLBD	99,070	$3.8m99.1k shares
KNOWLES CORP KN	KN	193,427	$3.1m193.4k shares
CALAVO GROWERS INC		90,740	$2.5m90.7k shares
ASSETMARK FINL HLDGS INC AMK	AMK	60,000	$2.1m60.0k shares
SPROUTS FMRS MKT INC SFM	SFM	30,775	$2.0m30.8k shares
INTEL CORP INTC	INTC	33,490	$1.5m33.5k shares
PIONEER NAT RES CO PXD	PXD	2,383	$626.0k2.4k shares
DIREXION SHS ETF TR GUSH	GUSH	10,000	$410.0k10.0k shares
SALESFORCE INC CRM	CRM	1,337	$403.0k1.3k shares
TESLA INC TSLA	TSLA	1,514	$266.0k1.5k shares
SNOWFLAKE INC SNOW	SNOW	1,425	$230.0k1.4k shares
ISHARES INC EWW	EWW	3,000	$208.0k3.0k shares
RIVIAN AUTOMOTIVE INC RIVN	RIVN	11,000	$120.0k11.0k shares
SABRE CORP SABR	SABR	20,000	$48.0k20.0k shares
SOUTHLAND HLDGS INC SLND.WS	SLND.WS	94,254	$42.0k94.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TAIWAN SEMICONDUCTOR MFG LTD TSM · Call	TSM	Call	2,100	$12.2m2.1k shares	New
GENERAC HLDGS INC GNRC · Call	GNRC	Call	1,800	$5.9m1.8k shares	New
ALPHABET INC GOOG · Call	GOOG	Call	1,000	$4.1m1.0k shares	Unchanged
BUILDERS FIRSTSOURCE INC BLDR · Call	BLDR	Call	1,275	$1.3m1.3k shares	New