Hodges Capital Management Inc.

DALLAS, TX · CIK 1337263 · 13F filing filed 2026-08-03

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 +24.3% vs Q1 2026

218positions

25.8%in top 10

34 new 62 added 103 reduced 18 sold out vs Q1 2026

Options: 5 call positions ($10.6m notional), 0 put positions (— notional) – listed below, not included above.

Also in the report of:

Advisory Services Network, LLC – $1.4m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

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	TERAWULF INC COM WULF	WULF	2,225,348	$55.0m3.66%	3.66%	Reduced -276.2k	-276,241 -11.0%
2	MICRON TECHNOLOGY INC COM MU	MU	45,882	$53.0m3.53%	3.53%	Reduced -16.6k	-16,650 -26.6%
3	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	101,121	$44.3m2.95%	2.95%	Reduced -4.2k	-4,194 -4.0%
4	NVIDIA CORPORATION COM NVDA	NVDA	213,605	$42.7m2.85%	2.85%	Added +520	+520 0.2%
5	SHARKNINJA INC COM SHS SN	SN	276,597	$42.1m2.81%	2.81%	Reduced -4.3k	-4,283 -1.5%
6	EAGLE MATLS INC COM EXP	EXP	148,317	$33.4m2.22%	2.22%	Reduced -688	-688 -0.5%
7	APPLIED MATLS INC COM AMAT	AMAT	44,597	$32.2m2.15%	2.15%	Added +910	+910 2.1%
8	GEO GROUP INC NEW COM GEO	GEO	980,259	$29.0m1.93%	1.93%	Reduced -148.7k	-148,740 -13.2%
9	FREEPORT-MCMORAN INC CL B FCX	FCX	447,172	$28.1m1.87%	1.87%	Reduced -20.4k	-20,427 -4.4%
10	POWELL INDS INC COM POWL	POWL	96,447	$27.6m1.84%	1.84%	Reduced -25.9k	-25,932 -21.2%
11	BANC OF CALIFORNIA INC COM BANC	BANC	1,345,846	$27.5m1.83%	1.83%	Reduced -116.5k	-116,456 -8.0%
12	MATADOR RES CO COM MTDR	MTDR	541,359	$26.9m1.80%	1.80%	Reduced -65.9k	-65,905 -10.8%
13	AMAZON COM INC COM AMZN	AMZN	108,474	$25.9m1.72%	1.72%	Added +36.7k	+36,732 51.2%
14	UBER TECHNOLOGIES INC COM UBER	UBER	356,106	$25.7m1.71%	1.71%	Reduced -6.8k	-6,829 -1.9%
15	VIKING HOLDINGS LTD ORD SHS VIK	VIK	234,231	$24.5m1.63%	1.63%	Added +26.2k	+26,176 12.6%
16	FIRST WATCH RESTAURANT GROUP COM FWRG	FWRG	1,592,384	$20.5m1.37%	1.37%	Added +110.6k	+110,607 7.5%
17	AAR CORP COM AIR	AIR	132,805	$19.0m1.27%	1.27%	New
18	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	38,958	$18.6m1.24%	1.24%	Added +281	+281 0.7%
19	CARPENTER TECHNOLOGY CORP COM CRS	CRS	29,562	$18.2m1.22%	1.22%	Reduced -3.6k	-3,612 -10.9%
20	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	705,377	$17.8m1.19%	1.19%	Reduced -159.3k	-159,267 -18.4%
21	MAXLINEAR INC COM MXL	MXL	133,645	$17.1m1.14%	1.14%	Reduced -414.0k	-414,045 -75.6%
22	TWILIO INC CL A TWLO	TWLO	81,920	$16.9m1.13%	1.13%	Added +50.1k	+50,120 157.6%
23	CLEAR SECURE INC COM CL A YOU	YOU	299,818	$16.7m1.11%	1.11%	Added +13.2k	+13,158 4.6%
24	APPLE INC COM AAPL	AAPL	57,614	$16.7m1.11%	1.11%	Added +1.9k	+1,895 3.4%
25	COMMERCIAL METALS CO COM CMC	CMC	256,407	$16.1m1.07%	1.07%	Reduced -1.3k	-1,339 -0.5%
26	VISHAY PRECISION GROUP INC COM VPG	VPG	105,521	$15.8m1.05%	1.05%	New
27	ACADEMY SPORTS & OUTDOORS IN COM ASO	ASO	330,506	$15.6m1.04%	1.04%	Added +8.3k	+8,286 2.6%
28	ON HLDG AG NAMEN AKT A ONON	ONON	436,735	$15.5m1.03%	1.03%	Added +82.1k	+82,064 23.1%
29	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	1,626,086	$15.3m1.02%	1.02%	Reduced -511.1k	-511,080 -23.9%
30	TEXAS CAP BANCSHARES INC COM TCBI	TCBI	137,319	$14.2m0.95%	0.95%	Reduced -1.3k	-1,341 -1.0%
31	BOEING CO COM BA	BA	62,670	$13.6m0.90%	0.90%	Added +7.6k	+7,640 13.9%
32	BROADCOM INC COM AVGO	AVGO	34,812	$13.2m0.88%	0.88%	Added +5.1k	+5,073 17.1%
33	ELI LILLY & CO COM LLY	LLY	10,780	$12.9m0.86%	0.86%	Added +2.2k	+2,167 25.2%
34	EXPAND ENERGY CORPORATION COM EXE	EXE	137,670	$12.6m0.84%	0.84%	Added +3.6k	+3,608 2.7%
35	CATERPILLAR INC COM CAT	CAT	11,697	$12.5m0.83%	0.83%	Reduced -428	-428 -3.5%
36	TRIUMPH FINANCIAL INC COM TFIN	TFIN	162,265	$12.4m0.83%	0.83%	Added +93.3k	+93,300 135.3%
37	HOME DEPOT INC COM HD	HD	35,049	$12.4m0.82%	0.82%	Added +2.1k	+2,052 6.2%
38	WALMART INC COM WMT	WMT	104,303	$11.8m0.79%	0.79%	Added +1.7k	+1,746 1.7%
39	IPG PHOTONICS CORP COM IPGP	IPGP	99,508	$11.7m0.78%	0.78%	Added +32.3k	+32,310 48.1%
40	BANK OZK LITTLE ROCK ARK COM OZK	OZK	222,823	$11.6m0.77%	0.77%	Reduced -28.8k	-28,753 -11.4%
41	GATX CORP COM GATX	GATX	65,491	$11.6m0.77%	0.77%	Added +22.2k	+22,241 51.4%
42	TOWER SEMICONDUCTOR LTD SHS NEW TSEM	TSEM	44,320	$11.6m0.77%	0.77%	Reduced -21.2k	-21,224 -32.4%
43	HANOVER INS GROUP INC COM THG	THG	52,369	$11.2m0.75%	0.75%	Added +3.2k	+3,181 6.5%
44	JPMORGAN CHASE & CO COM JPM	JPM	34,179	$11.2m0.75%	0.75%	Reduced -40	-40 -0.1%
45	MICROSOFT CORP COM MSFT	MSFT	29,435	$11.0m0.73%	0.73%	Added +1.0k	+1,043 3.7%
46	ARCOSA INC COM ACA	ACA	75,145	$10.9m0.73%	0.73%	Added +36.6k	+36,633 95.1%
47	SAILPOINT INC COM SAIL	SAIL	741,799	$10.9m0.72%	0.72%	New
48	KNOWLES CORP COM KN	KN	257,179	$10.7m0.71%	0.71%	Added +39.8k	+39,793 18.3%
49	AMERICAN AIRLS GROUP INC COM AAL	AAL	583,929	$10.6m0.70%	0.70%	Added +301.4k	+301,429 106.7%
50	ALPHABET INC CAP STK CL C GOOG	GOOG	29,468	$10.4m0.69%	0.69%	Reduced -73	-73 -0.2%
51	HALOZYME THERAPEUTICS INC COM HALO	HALO	132,071	$10.3m0.69%	0.69%	Reduced -2.6k	-2,625 -1.9%
52	NAVIGATOR HLDGS LTD SHS NVGS	NVGS	532,647	$9.9m0.66%	0.66%	Reduced -129.1k	-129,143 -19.5%
53	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	85,048	$9.9m0.66%	0.66%	Added +1.6k	+1,597 1.9%
54	CECO ENVIRONMENTAL CORP COM CECO	CECO	107,831	$9.8m0.65%	0.65%	New
55	TESLA INC COM TSLA	TSLA	23,134	$9.7m0.65%	0.65%	Reduced -13.1k	-13,050 -36.1%
56	ONEOK INC NEW COM OKE	OKE	111,009	$9.7m0.64%	0.64%	Reduced -9.3k	-9,337 -7.8%
57	SEMTECH CORP COM SMTC	SMTC	59,193	$9.6m0.64%	0.64%	Reduced -30.3k	-30,332 -33.9%
58	DIGITALOCEAN HLDGS INC COM DOCN	DOCN	60,405	$9.5m0.63%	0.63%	Reduced -61.6k	-61,555 -50.5%
59	CITIGROUP INC COM NEW C	C	67,702	$9.5m0.63%	0.63%	Reduced -9.1k	-9,090 -11.8%
60	CINEMARK HLDGS INC COM CNK	CNK	298,437	$9.5m0.63%	0.63%	Added +54.8k	+54,842 22.5%
61	AVNET INC COM AVT	AVT	105,665	$9.4m0.63%	0.63%	New
62	SOUTHWEST AIRLS CO COM LUV	LUV	182,015	$9.4m0.62%	0.62%	Added +98.7k	+98,707 118.5%
63	AGCO CORP COM AGCO	AGCO	73,897	$8.8m0.59%	0.59%	Added +71.6k	+71,647 3184.3%
64	GOLDMAN SACHS GROUP INC COM GS	GS	8,227	$8.3m0.55%	0.55%	Reduced -724	-724 -8.1%
65	FEDEX CORP COM FDX	FDX	25,974	$8.1m0.54%	0.54%	Reduced -5.0k	-4,963 -16.0%
66	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	59,707	$7.7m0.51%	0.51%	Added +22.2k	+22,199 59.2%
67	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	433,819	$7.5m0.50%	0.50%	Added +413.8k	+413,819 2069.1%
68	ALPHABET INC CAP STK CL A GOOGL	GOOGL	20,828	$7.4m0.50%	0.50%	Added +12.5k	+12,460 148.9%
69	LIGAND PHARMACEUTICALS INC COM NEW LGND	LGND	23,444	$7.4m0.49%	0.49%	New
70	MASTEC INC COM MTZ	MTZ	17,071	$7.1m0.47%	0.47%	Reduced -6.4k	-6,378 -27.2%
71	GARRETT MOTION INC COM GTX	GTX	191,500	$6.9m0.46%	0.46%	Reduced -12.9k	-12,900 -6.3%
72	EXXON MOBIL CORP COM XOM	XOM	49,955	$6.8m0.46%	0.46%	Reduced -478	-478 -0.9%
73	KIRBY CORP COM KEX	KEX	49,518	$6.7m0.45%	0.45%	Reduced -22.2k	-22,186 -30.9%
74	GREEN BRICK PARTNERS INC COM GRBK	GRBK	83,607	$6.7m0.45%	0.45%	New
75	OWENS CORNING NEW COM OC	OC	41,982	$6.7m0.44%	0.44%	Added +37.4k	+37,428 821.9%
76	ALKAMI TECHNOLOGY INC COM ALKT	ALKT	338,221	$6.1m0.41%	0.41%	Reduced -6.2k	-6,202 -1.8%
77	TUTOR PERINI CORP COM TPC	TPC	73,693	$6.1m0.41%	0.41%	Reduced -778	-778 -1.0%
78	JOHNSON & JOHNSON COM JNJ	JNJ	23,026	$5.8m0.39%	0.39%	Added +3.6k	+3,591 18.5%
79	STITCH FIX INC COM CL A SFIX	SFIX	1,378,450	$5.7m0.38%	0.38%	Reduced -30.2k	-30,200 -2.1%
80	UNION PAC CORP COM UNP	UNP	20,221	$5.5m0.37%	0.37%	Added +937	+937 4.9%
81	GILDAN ACTIVEWEAR INC COM GIL	GIL	103,883	$5.4m0.36%	0.36%	Reduced -132.4k	-132,423 -56.0%
82	META PLATFORMS INC CL A META	META	9,359	$5.3m0.35%	0.35%	Reduced -4.2k	-4,229 -31.1%
83	E L F BEAUTY INC COM ELF	ELF	71,150	$5.3m0.35%	0.35%	New
84	BBB FOODS INC CL A COM TBBB	TBBB	126,075	$5.3m0.35%	0.35%	Reduced -14.7k	-14,745 -10.5%
85	KIMBERLY-CLARK CORP COM KMB	KMB	46,309	$5.1m0.34%	0.34%	Added +43.8k	+43,809 1752.4%
86	KONTOOR BRANDS INC COM KTB	KTB	60,550	$5.0m0.34%	0.34%	Added +9.1k	+9,050 17.6%
87	ABBVIE INC COM ABBV	ABBV	19,642	$4.9m0.33%	0.33%	Reduced -7.1k	-7,057 -26.4%
88	PRIMORIS SVCS CORP COM PRIM	PRIM	49,800	$4.9m0.33%	0.33%	Added +17.8k	+17,800 55.6%
89	AMERICAN EXPRESS CO COM AXP	AXP	14,545	$4.9m0.33%	0.33%	Reduced -645	-645 -4.2%
90	TEXAS ROADHOUSE INC COM TXRH	TXRH	25,273	$4.9m0.33%	0.33%	Reduced -604	-604 -2.3%
91	ENERSYS COM ENS	ENS	20,500	$4.8m0.32%	0.32%	New
92	HAVERTY FURNITURE COS INC COM HVT	HVT	183,000	$4.7m0.31%	0.31%	Reduced -26.8k	-26,800 -12.8%
93	ETHAN ALLEN INTERIORS INC COM ETD	ETD	201,585	$4.5m0.30%	0.30%	Reduced -10.3k	-10,324 -4.9%
94	MARVELL TECHNOLOGY INC COM MRVL	MRVL	14,852	$4.4m0.29%	0.29%	New
95	PATRICK INDS INC COM PATK	PATK	48,650	$4.4m0.29%	0.29%	Added +31.1k	+31,050 176.4%
96	MADDEN STEVEN LTD COM SHOO	SHOO	102,050	$4.3m0.29%	0.29%	Added +26.6k	+26,650 35.3%
97	MATSON INC COM MATX	MATX	22,000	$4.2m0.28%	0.28%	Added +2.0k	+2,000 10.0%
98	YETI HLDGS INC COM YETI	YETI	83,890	$4.2m0.28%	0.28%	New
99	PRICESMART INC COM PSMT	PSMT	21,200	$4.1m0.28%	0.28%	New
100	BRIDGEWATER BANCSHARES INC COM BWB	BWB	193,390	$4.1m0.27%	0.27%	Reduced -40.5k	-40,500 -17.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
TAYLOR MORRISON HOME CORP TMHC	TMHC	212,208	$12.4m212.2k shares
STRATUS PPTYS INC STRS	STRS	132,475	$4.0m132.5k shares
U S PHYSICAL THERAPY USPH	USPH	37,446	$2.8m37.4k shares
GREENBRIER COS INC GBX	GBX	50,930	$2.7m50.9k shares
CORE NATURAL RESOURCES INC CNR	CNR	22,800	$2.4m22.8k shares
ONDAS INC ONDS	ONDS	192,178	$1.7m192.2k shares
TYSON FOODS INC TSN	TSN	18,400	$1.2m18.4k shares
MEDTRONIC PLC MDT	MDT	5,733	$496.8k5.7k shares
BUILDERS FIRSTSOURCE INC BLDR	BLDR	5,734	$472.1k5.7k shares
HEALTHEQUITY INC HQY	HQY	5,000	$417.9k5.0k shares
NETFLIX INC NFLX	NFLX	3,210	$308.6k3.2k shares
COINBASE GLOBAL INC COIN	COIN	1,276	$222.8k1.3k shares
DARDEN RESTAURANTS INC DRI	DRI	1,064	$208.6k1.1k shares
IMMUNITYBIO INC IBRX	IBRX	10,000	$76.7k10.0k shares
HIVE DIGITAL TECHNOLOGIES LT HIVE	HIVE	30,000	$57.0k30.0k shares
BIGBEAR AI HLDGS INC BBAI	BBAI	10,000	$35.2k10.0k shares
TURN THERAPEUTICS INC TTRX	TTRX	10,000	$32.0k10.0k shares
TUHURA BIOSCIENCES INC HURA	HURA	10,000	$17.9k10.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
MARVELL TECHNOLOGY INC MRVL · Call	MRVL	Call	250	$4.9m250 shares	New
APPLE INC AAPL · Call	AAPL	Call	500	$2.3m500 shares	New
CATERPILLAR INC CAT · Call	CAT	Call	30	$1.8m30 shares	Added
TYLER TECHNOLOGIES INC TYL · Call	TYL	Call	200	$1.3m200 shares	New
BROADCOM INC AVGO · Call	AVGO	Call	25	$211.6k25 shares	New