Hodges Capital Management

Craig Hodges is President and Chief Investment Officer. Eric Marshall is a Portfolio Manager. The firm operates with a small team of investment professionals, and portfolio decisions are made through a committee process overseen by Hodges.

The firm employs a concentrated, long-only, fundamental value strategy focused on U.S. small- and mid-cap equities. It typically holds 20 to 35 positions in its most concentrated portfolios, and does not use leverage, derivatives, or short selling.

Yes. The firm manages separate accounts for high-net-worth individuals, family offices, and institutional clients, alongside pooled vehicles such as the Hodges Small Cap Fund and the Hodges Large Cap Fund.

Hodges Capital Management invests exclusively in U.S. equities. Its portfolio managers focus on domestic small- and mid-cap companies across multiple sectors.

Yes, the firm is registered with the U.S. Securities and Exchange Commission as an investment adviser, as disclosed in its ADV filings. As of its most recent filing, it reported regulatory assets under management over $100 million.

The firm relies on bottom-up, fundamental research conducted by its in-house team. Portfolio managers screen for undervalued companies with strong balance sheets, competent management, and catalysts for value realization.

The firm does not publicly disclose sector avoidance, but its portfolio composition has historically shown underweight exposure to technology and growth stocks relative to the benchmark, favoring more cyclical sectors such as energy and financials.