Hodges Capital Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Hodges Capital Management Inc. reported 207 stock positions worth $1.2 billion. Its top holding was Terawulf (WULF) at 3.7% of the portfolio, followed by Nvidia (NVDA, 3.3%) and Uber Technologies (UBER, 3.0%). Compared with Q2 2025, it opened 24 new positions, sold out of 26, added to 81 and reduced 85. The biggest buy was Genius Sports (GENI, shares +91%) and the biggest sale Texas Pacific Land (TPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001337263
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0001337263-25-000016 ↗ filed Nov 7, 2025
Holdings Value
Holdings 207 stocks · $1.2B
| WULF Terawulf Inc. | 3.70% | 3,785,713 | $43.2M | Reduce -6.8% |
| NVDA Nvidia Corp. | 3.34% | 209,274 | $39.0M | Reduce -2.5% |
| UBER Uber Technologies Inc. | 3.03% | 361,994 | $35.5M | Reduce -1.2% |
| TPL Texas Pacific Land Corp. | 2.87% | 35,970 | $33.6M | Reduce -4.1% |
| CLF Cleveland-Cliffs Inc. | 2.54% | 2,431,003 | $29.7M | Reduce -8.1% |
| MSFT Microsoft Corp. | 2.36% | 53,295 | $27.6M | Add +2.0% |
| EXP Eagle Materials Inc. | 2.33% | 117,044 | $27.3M | Add +9.8% |
| SN Sharkninja Inc. | 2.28% | 258,239 | $26.6M | Reduce -9.3% |
| MTDR Matador Resources Co. | 2.08% | 541,858 | $24.3M | Reduce -3.3% |
| GENI Genius Sports Ltd. | 1.96% | 1,854,611 | $23.0M | Add +91.0% |
| PLTR Palantir Technologies Inc. Class A | 1.94% | 124,333 | $22.7M | Reduce -9.9% |
| DKNG Draftkings Inc. Class A | 1.83% | 572,943 | $21.4M | Add +0.6% |
| BANC Banc of California Inc. | 1.76% | 1,244,379 | $20.6M | Add +7.6% |
| FCX Freeport-McMoran Inc. | 1.68% | 499,667 | $19.6M | Add +8.9% |
| GEO The Geo Group Inc. | 1.67% | 955,386 | $19.6M | Add +113.1% |
| TSLA Tesla Inc. | 1.52% | 39,928 | $17.8M | Add +17.2% |
| MU Micron Technology Inc. | 1.52% | 106,063 | $17.7M | Reduce -3.8% |
| POWL Powell Industries Inc. | 1.47% | 56,440 | $17.2M | Add +16.8% |
| AMZN Amazon.com Inc. | 1.34% | 71,353 | $15.7M | Add +4.7% |
| KEX Kirby Corp. | 1.31% | 183,620 | $15.3M | Add +3.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.30% | 54,340 | $15.2M | Reduce -13.2% |
| TMHC Taylor Morrison Home Corp. | 1.28% | 226,080 | $14.9M | Add +11.1% |
| CMC Commercial Metals Co. | 1.24% | 254,084 | $14.6M | Add +1.0% |
| HPE Hewlett Packard Enterprise | 1.24% | 590,849 | $14.5M | Add +10.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 1.23% | 338,386 | $14.3M | Add +0.1% |
| AAPL Apple Inc. | 1.22% | 55,889 | $14.2M | Reduce -1.3% |
| RH RH | 1.13% | 64,859 | $13.2M | Add +20.2% |
| SPOT Spotify Technology SA | 1.12% | 18,810 | $13.1M | Add +317.0% |
| EXE Expand Energy Corp. | 1.02% | 111,881 | $11.9M | Reduce -7.8% |
| ASO Academy Sports & Outdoors Inc. | 1.01% | 235,932 | $11.8M | Add +2.1% |
| WMT Walmart Inc. | 0.98% | 111,013 | $11.4M | Add +3.4% |
| BA The Boeing Co. | 0.97% | 52,413 | $11.3M | Add +19.5% |
| OKE Oneok Inc. | 0.94% | 150,591 | $11.0M | Add +2.6% |
| ETD Ethan Allen Interiors Inc. | 0.94% | 371,986 | $11.0M | Add +0.7% |
| JPM JPMorgan Chase & Co. | 0.93% | 34,392 | $10.8M | Reduce -5.0% |
| HD Home Depot Inc. | 0.92% | 26,580 | $10.8M | Add +12.2% |
| TCBI Texas Capital Bancshares Inc. | 0.92% | 127,259 | $10.8M | Reduce -8.3% |
| SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC | 0.79% | 444,302 | $9.2M | Add +1.3% |
| TSEM Tower Semiconductor Ltd. | 0.78% | 126,232 | $9.1M | Reduce -25.6% |
| LLY Eli Lilly & Co. | 0.76% | 11,635 | $8.9M | Add +7.4% |
| HALO Halozyme Therapeutics Inc. | 0.75% | 120,206 | $8.8M | Reduce -21.0% |
| META Meta Platforms Inc. Class A | 0.74% | 11,831 | $8.7M | Reduce -0.3% |
| GPI Group 1 Automotive Inc. | 0.72% | 19,259 | $8.4M | Add +2.6% |
| THG Hanover Insurance Group Inc./ | 0.71% | 45,864 | $8.3M | Add +14.1% |
| CRS Carpenter Technology | 0.70% | 33,112 | $8.1M | Reduce -21.5% |
| YOU Clear Secure Inc. Class A | 0.69% | 242,250 | $8.1M | Add +26.5% |
| MXL Maxlinear Inc. | 0.67% | 484,166 | $7.8M | Reduce -8.3% |
| SFIX Stitch Fix Inc. Class A | 0.65% | 1,737,556 | $7.6M | Add +20.0% |
| AVNW Aviat Networks Inc. | 0.65% | 329,613 | $7.6M | Reduce -16.1% |
| ABBV Abbvie Inc. | 0.64% | 32,331 | $7.5M | Reduce -0.8% |
| VRNS Varonis Systems Inc. | 0.62% | 126,450 | $7.3M | Add +146.3% |
| CAT Caterpillar Inc. | 0.62% | 15,163 | $7.2M | Add +3.6% |
| AVGO Broadcom Inc. | 0.62% | 21,839 | $7.2M | Reduce -6.1% |
| WFC Wells Fargo & Co. | 0.61% | 85,385 | $7.2M | Reduce -2.6% |
| C Citigroup Inc. | 0.60% | 69,324 | $7.0M | Add +0.9% |
| ALKT Alkami Technology Inc. | 0.58% | 274,013 | $6.8M | Add +241.5% |
| VST Vistra Corp. | 0.58% | 34,692 | $6.8M | Reduce -0.6% |
| NVGS Navigator Holdings Ltd. | 0.56% | 421,972 | $6.5M | Add +0.0% |
| XOM Exxon Mobil Corp. | 0.56% | 57,877 | $6.5M | Reduce -10.3% |
| PR Permian Resources Corp. Class A | 0.55% | 505,947 | $6.5M | Add +0.1% |
| HTH Hilltop Holdings Inc. | 0.54% | 190,483 | $6.4M | Reduce -8.6% |
| GS Goldman Sachs Group Inc. | 0.54% | 7,945 | $6.3M | Reduce -4.0% |
| MTZ Mastec Inc. | 0.52% | 28,749 | $6.1M | Add +6.4% |
| UNH Unitedhealth Group Inc. | 0.50% | 17,062 | $5.9M | New |
| GOOG Alphabet Inc. Class C | 0.50% | 24,078 | $5.9M | Add +132.5% |
| GIL Gildan Activewear Inc. | 0.50% | 100,800 | $5.8M | New |
| PB Prosperity Bancshares Inc. | 0.48% | 84,827 | $5.6M | Add +3.5% |
| OZK Bank Ozk | 0.47% | 107,700 | $5.5M | New |
| PRIM Primoris Services Corp. | 0.46% | 39,100 | $5.4M | Reduce -8.2% |
| SAIL Sailpoint Inc. | 0.45% | 239,300 | $5.3M | New |
| AXP American Express Co. | 0.45% | 15,856 | $5.3M | Add +1.2% |
| BANF Bancfirst Corp. | 0.45% | 41,500 | $5.2M | Add +8.6% |
| CNK Cinemark Holdings Inc. | 0.43% | 181,071 | $5.1M | Reduce -9.8% |
| LIF LIFE360 Inc. | 0.42% | 46,574 | $5.0M | Reduce -11.8% |
| SMTC Semtech Corp. | 0.40% | 64,721 | $4.6M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 8,793 | $4.4M | Add +1.9% |
| CYBR Cyberark Software Ltd./Israel | 0.37% | 9,040 | $4.4M | Reduce -62.7% |
| MS Morgan Stanley | 0.37% | 27,351 | $4.3M | Reduce -0.0% |
| STKL Sunopta Inc. | 0.37% | 730,500 | $4.3M | Reduce -3.0% |
| HMN Horace Mann Educators | 0.37% | 94,557 | $4.3M | Add +25.3% |
| OC Owens Corning | 0.36% | 29,968 | $4.2M | Add +20.3% |
| KTOS Kratos Defense & Security | 0.36% | 45,928 | $4.2M | Reduce -36.1% |
| GPOR Gulfport Energy Corp. | 0.35% | 22,700 | $4.1M | Reduce -26.3% |
| RTX RTX Corp. | 0.34% | 23,970 | $4.0M | Add +145.6% |
| RPC Ridgepost Capital Inc. Class A filed as P10 INC | 0.34% | 367,600 | $4.0M | Reduce -10.5% |
| KTB Kontoor Brands Inc. | 0.33% | 48,200 | $3.8M | Reduce -1.4% |
| TPC Tutor Perini Corp. | 0.33% | 58,125 | $3.8M | Reduce -30.0% |
| TFIN Triumph Financial Inc. | 0.32% | 73,700 | $3.7M | Reduce -3.8% |
| V Visa Inc. Class A | 0.30% | 10,365 | $3.5M | Add +7.8% |
| RHP Ryman Hospitality Properties | 0.30% | 39,141 | $3.5M | Add +206.5% |
| WYNN WYNN Resorts Ltd. | 0.29% | 26,637 | $3.4M | Reduce -73.4% |
| MMM 3M Co. | 0.29% | 21,937 | $3.4M | Add +4.6% |
| UNITEDHEALTH GROUP INC | 0.28% | 325 | $3.2M | Reduce -7.1% |
| NATL NCR Atleos Corp. | 0.27% | 81,700 | $3.2M | Add +3.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 60,692 | $3.1M | Add +31.7% |
| TXRH Texas Roadhouse Inc. | 0.27% | 18,674 | $3.1M | Add +0.7% |
| TAKE-TWO INTERACTIVE SOFTWAR | 0.27% | 500 | $3.1M | New |
| STRS Stratus Properties Inc. | 0.26% | 146,170 | $3.1M | Add +0.5% |
| HLMN Hillman Solutions Corp. | 0.26% | 336,425 | $3.1M | Add +7.9% |
| KNF Knife River Corp. | 0.26% | 40,000 | $3.1M | Add +98.5% |
Portfolio Sells Q2 2025 → Q3 2025
| TPL Texas Pacific Land Corp. | Reduce -4.1% | 2.87% | −0.93 |
| PTLO Portillo's Inc. Class A | Sold out | 0.00% | −0.79 |
| WYNN WYNN Resorts Ltd. | Reduce -73.4% | 0.29% | −0.61 |
| CYBR Cyberark Software Ltd./Israel | Reduce -62.7% | 0.37% | −0.57 |
| HOMB Home Bancshares Inc. | Sold out | 0.00% | −0.53 |
| SPOTIFY TECHNOLOGY S A | Sold out | 0.00% | −0.53 |
| MTDR Matador Resources Co. | Reduce -3.3% | 2.08% | −0.48 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.44 |
| SN Sharkninja Inc. | Reduce -9.3% | 2.28% | −0.42 |
| CRS Carpenter Technology | Reduce -21.5% | 0.70% | −0.42 |
| IBM Intl Business Machines Corp. | Reduce -55.8% | 0.24% | −0.40 |
| AIOT Powerfleet Inc. | Reduce -84.0% | 0.08% | −0.37 |
| EXE Expand Energy Corp. | Reduce -7.8% | 1.02% | −0.34 |
| CRH CRH PLC | Sold out | 0.00% | −0.31 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.28 |
| PBPB Potbelly Corp. | Sold out | 0.00% | −0.27 |
| AVNW Aviat Networks Inc. | Reduce -16.1% | 0.65% | −0.26 |
| UBER Uber Technologies Inc. | Reduce -1.2% | 3.03% | −0.25 |
| GPOR Gulfport Energy Corp. | Reduce -26.3% | 0.35% | −0.24 |
| BLDR Builders Firstsource Inc. | Reduce -74.7% | 0.07% | −0.22 |
| BELFB Bel Fuse Inc. Class B | Sold out | 0.00% | −0.22 |
| GENERAC HLDGS INC | Sold out | 0.00% | −0.21 |
| MRTN Marten Transport Ltd. | Sold out | 0.00% | −0.21 |
| AMGN Amgen Inc. | Reduce -58.6% | 0.12% | −0.20 |
| ABNB Airbnb Inc. Class A | Reduce -49.5% | 0.11% | −0.15 |
| CNK Cinemark Holdings Inc. | Reduce -9.8% | 0.43% | −0.15 |
| TCBI Texas Capital Bancshares Inc. | Reduce -8.3% | 0.92% | −0.14 |
| UNP Union Pacific Corp. | Reduce -68.9% | 0.05% | −0.13 |
| NBIS Nebius Group NV | Reduce -84.8% | 0.05% | −0.13 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.12 |
| BYD Boyd Gaming Corp. | Reduce -32.6% | 0.24% | −0.12 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -10.3% | 0.56% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.74% | −0.10 |
| TFIN Triumph Financial Inc. | Reduce -3.8% | 0.32% | −0.09 |
| GBX Greenbrier Companies Inc. | Reduce -31.6% | 0.13% | −0.08 |
| AZZ Azz Inc. | Reduce -36.9% | 0.15% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -5.0% | 0.93% | −0.08 |
| EQT Eqt Corp. | Reduce -22.8% | 0.14% | −0.08 |
| ZVIA Zevia PBC-A | Sold out | 0.00% | −0.07 |
| VST Vistra Corp. | Reduce -0.6% | 0.58% | −0.07 |
| HQY Healthequity Inc. | Reduce -11.6% | 0.15% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -13.2% | 1.30% | −0.06 |
| HTH Hilltop Holdings Inc. | Reduce -8.6% | 0.54% | −0.06 |
| WFC Wells Fargo & Co. | Reduce -2.6% | 0.61% | −0.06 |
| RPC Ridgepost Capital Inc. Class A | Reduce -10.5% | 0.34% | −0.06 |
| DVN Devon Energy Corp. | Reduce -60.8% | 0.04% | −0.06 |
| FANG Diamondback Energy Inc. | Reduce -22.3% | 0.15% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -1.5% | 0.26% | −0.06 |
| MXL Maxlinear Inc. | Reduce -8.3% | 0.67% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| GENI Genius Sports Ltd. | Add +91.0% | 1.96% | +1.00 |
| SPOT Spotify Technology SA | Add +317.0% | 1.12% | +0.79 |
| GEO The Geo Group Inc. | Add +113.1% | 1.67% | +0.64 |
| UNH Unitedhealth Group Inc. | New | 0.50% | +0.50 |
| GIL Gildan Activewear Inc. | New | 0.50% | +0.50 |
| POWL Powell Industries Inc. | Add +16.8% | 1.47% | +0.50 |
| TSLA Tesla Inc. | Add +17.2% | 1.52% | +0.48 |
| OZK Bank Ozk | New | 0.47% | +0.47 |
| SAIL Sailpoint Inc. | New | 0.45% | +0.45 |
| SMTC Semtech Corp. | New | 0.40% | +0.40 |
| VRNS Varonis Systems Inc. | Add +146.3% | 0.62% | +0.37 |
| ALKT Alkami Technology Inc. | Add +241.5% | 0.58% | +0.35 |
| GOOG Alphabet Inc. Class C | Add +132.5% | 0.50% | +0.33 |
| EXP Eagle Materials Inc. | Add +9.8% | 2.33% | +0.27 |
| TAKE-TWO INTERACTIVE SOFTWAR | New | 0.27% | +0.27 |
| RTX RTX Corp. | Add +145.6% | 0.34% | +0.21 |
| BANC Banc of California Inc. | Add +7.6% | 1.76% | +0.20 |
| HPE Hewlett Packard Enterprise | Add +10.7% | 1.24% | +0.19 |
| FWRG First Watch Restaurant Group | New | 0.19% | +0.19 |
| TTWO Take-Two Interactive Softwre | Add +537.8% | 0.23% | +0.19 |
| YOU Clear Secure Inc. Class A | Add +26.5% | 0.69% | +0.18 |
| RHP Ryman Hospitality Properties | Add +206.5% | 0.30% | +0.18 |
| MICROSOFT CORP | New | 0.17% | +0.17 |
| DIOD Diodes Inc. | New | 0.17% | +0.17 |
| VOXR Vox Royalty Corp. | New | 0.17% | +0.17 |
| KN Knowles Corp. | New | 0.16% | +0.16 |
| MRP Millrose Properties | Add +180.0% | 0.23% | +0.15 |
| PLXS Plexus Corp. | New | 0.15% | +0.15 |
| BOEING CO | Add +160.0% | 0.26% | +0.15 |
| RH RH | Add +20.2% | 1.13% | +0.15 |
| ALPHABET INC | New | 0.13% | +0.13 |
| SFIX Stitch Fix Inc. Class A | Add +20.0% | 0.65% | +0.13 |
| JNJ Johnson & Johnson | Add +79.0% | 0.26% | +0.12 |
| CMI Cummins Inc. | New | 0.12% | +0.12 |
| CTRN Citi Trends Inc. | Add +593.3% | 0.14% | +0.11 |
| KNF Knife River Corp. | Add +98.5% | 0.26% | +0.11 |
| GM General Motors Co. | New | 0.09% | +0.09 |
| HD Home Depot Inc. | Add +12.2% | 0.92% | +0.09 |
| BA The Boeing Co. | Add +19.5% | 0.97% | +0.09 |
| GILD Gilead Sciences Inc. | New | 0.08% | +0.08 |
| MTZ Mastec Inc. | Add +6.4% | 0.52% | +0.08 |
| TMHC Taylor Morrison Home Corp. | Add +11.1% | 1.28% | +0.08 |
| CAT Caterpillar Inc. | Add +3.6% | 0.62% | +0.07 |
| CMC Commercial Metals Co. | Add +1.0% | 1.24% | +0.07 |
| BAC Bank of America Corp. | Add +31.7% | 0.27% | +0.06 |
| NATL NCR Atleos Corp. | Add +3.5% | 0.27% | +0.06 |
| THG Hanover Insurance Group Inc./ | Add +14.1% | 0.71% | +0.06 |
| MYE Myers Industries Inc. | New | 0.06% | +0.06 |
| HMN Horace Mann Educators | Add +25.3% | 0.37% | +0.05 |
| HLMN Hillman Solutions Corp. | Add +7.9% | 0.26% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 223 | $1.5B | WULF, MU, TPL, NVDA, SN |
| Q1 2026 | 204 | $1.2B | TPL, MTDR, NVDA, WULF, SN |
| Q4 2025 | 199 | $1.2B | NVDA, SN, WULF, CLF, TPL |
| Q3 2025 | 207 | $1.2B | WULF, NVDA, UBER, TPL, CLF |
| Q2 2025 | 209 | $1.0B | TPL, UBER, NVDA, SN, MTDR |
| Q1 2025Amended | 207 | $1.0B | TPL, UBER, NVDA, EXP, MTDR |
| Q4 2024 | 210 | $1.7B | TPL, MTDR, NVDA, EXP, SN |
| Q3 2024 | 220 | $1.6B | TPL, EXP, MTDR, NVDA, UBER |
| Q2 2024 | 218 | $1.5B | TPL, MTDR, NVDA, UBER, EXP |
| Q1 2024 | 218 | $1.6B | WIRE, MTDR, CLF, UBER, TPL |