# Hodges Financial Group

Hodges Financial Group is an Asset Manager based in Fort Worth, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Fort Worth, United States
- **Region:** North America
- **Address:** Fort Worth, Texas, United States
- **Founded:** 1989
- **Assets under management:** Undisclosed
- **Website:** hodgescapital.com

## Regulatory record

- **CRD number:** 338345
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/338345

## About

HODGES FINANCIAL GROUP is a state-registered investment adviser. It has 1 employee and 1 investment adviser. The firm is based in —.

## Sectors

- Energy
- Real Estate
- Financials
- Consumer Discretionary

## People

- Don Hodges — Founder and Co-Portfolio Manager
- Craig Hodges — Co-Portfolio Manager and CEO

## Questions

### Who runs investment decisions at Hodges Financial Group?

The Hodges Fund and related vehicles are co-managed by Don Hodges, the firm's founder, and his son Craig Hodges. Don Hodges began his brokerage career in the 1970s and founded the firm in 1989. Craig Hodges joined in the late 1990s and together they operate as a two-person portfolio management team, making all security selection decisions jointly.

### Which sectors does Hodges Financial Group typically overweight?

The firm has historically carried heavy overweights in energy exploration and production, regional banks, homebuilders and building-products companies, and transportation. Texas-rooted names like Texas Pacific Land Corporation and Matador Resources have been portfolio staples. Consumer discretionary and financial services round out the sector mix.

### How is the firm related to First Dallas Securities?

Don Hodges co-founded First Dallas Securities in the early 1970s, where he served as chairman. That firm operated as a regional brokerage network across Texas before Hodges left to run his own independent money-management operation. Hodges Financial Group is structurally separate from First Dallas, with no current cross-ownership disclosed.

### Does Hodges Financial Group run separate accounts or private funds, or just the public mutual funds?

The firm's primary publicly disclosed vehicles are its no-load mutual funds offered to retail and institutional investors. There is no publicly available evidence of a parallel private-fund vehicle, hedge fund, or separately managed account platform. The mutual fund complex remains the sole distribution channel under the Hodges brand.

### What is the governance structure for the mutual fund board?

The Hodges Funds operate under a unified trust board with a majority of independent trustees, per 1940 Act requirements. The exact composition shifts over time, but the trust structure consolidated in 2012 to bring all Hodges-managed funds under a single board, simplifying regulatory oversight and shareholder voting processes.

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Last updated: 2026-06-03T20:00:00.000Z

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