Hodges Capital Management

What Hodges Capital Management does

Hodges Capital Management is a privately held investment advisory firm headquartered in the historic Mayor Bradford House at 2905 Maple Avenue in Dallas, Texas. Founded in 1989 by Don and Craig Hodges, the firm operates as a family and employee-owned business providing active equity portfolio management to individual investors, financial advisors and RIAs, and institutional clients including foundations, endowments, and separately managed accounts.

The firm's core technology is a proprietary bottom-up fundamental research process focused on identifying quality companies with strong management teams trading at reasonable valuations, with particular depth in small and mid-cap equities — a market segment the firm characterizes as traditionally overlooked by Wall Street. The product platform comprises four mutual funds (Small Cap Growth HDPSX, Hodges Fund HDPMX, Small Intrinsic Value HDSVX, and Blue Chip Equity Income HDPBX) plus six institutional separately managed account strategies spanning Best Ideas Growth, Blue Chip Total Return, Micro Cap, Small Cap Growth, Small Cap Focused, and Small Intrinsic Value approaches. Distribution is handled through Quasar Distributors LLC and Northern Lights Distributors LLC at the fund level, direct sales for institutional and private client mandates, and financial advisor networks supported by content channels (commentary blog, podcasts, Fast Five) and in-person Due Diligence Days events.

Revenue is generated through recurring investment advisory fees tied to assets under management across individual portfolios, institutional mandates, and mutual fund advisory relationships. The firm employs a sales-led go-to-market motion targeting high-net-worth individuals (private client), financial advisors and RIAs (fund distribution), and institutions (separate accounts), with portfolio management led by the founder-family and credentialed professionals such as Eric Marshall, CFA.

Name

Hodges Capital Management

Legal name

Hodges Capital Management, Inc.

Website

https://hodgescapital.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Hodges Capital Management is a Dallas-based, family-owned investment advisory firm founded in 1989 that provides active equity portfolio management to individuals, financial advisors, institutions, and four mutual funds via proprietary bottom-up fundamental research focused on small and mid-cap companies.

Ownership category

akta.pro rank

Product category

Investment Advisory / Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Investment advisory services
• Equity portfolio management
• Mutual fund management
• Small cap investing
• Separately managed accounts

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Advisory Fees: Hodges Capital Management generates revenue through investment advisory fees charged to clients for managing individual portfolios, institutional portfolios, and as advisor to the Hodges Funds family of four mutual funds. Fees are typically based on assets under management (AUM).

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Hodges Capital Management is an investment advisory firm that provides active equity portfolio management services to individual investors, financial advisors, and institutional clients through four mutual funds and separately managed account strategies. The firm's offerings include the Small Cap Growth Fund (HDPSX), Hodges Fund (HDPMX), Small Intrinsic Value Fund (HDSVX), and Blue Chip Equity Income Fund (HDPBX), along with private client and institutional separately managed account strategies built on a proprietary bottom-up fundamental research discipline focused on quality companies with excellent management.

Product overview

Hodges Capital Management offers a platform of four distinct mutual fund strategies covering most segments of the domestic equity market, along with institutional and private client investment advisory services. The mutual fund suite includes the Small Cap Growth Fund (HDPSX), Hodges Fund (HDPMX), Small Intrinsic Value Fund (HDSVX), and Blue Chip Equity Income Fund (HDPBX). The firm also provides separately managed account strategies including Best Ideas Growth, Blue Chip Total Return, Micro Cap, Small Cap Growth, Small Cap Focused, and Small Intrinsic Value strategies. The firm's core investment discipline seeks quality companies running great businesses with excellent management teams trading at reasonable prices, delivered through active portfolio management utilizing proprietary bottom-up research.

Differentiator

Problem solved

Functional benefit

Products and services

• Small Cap Growth Fund (HDPSX) A mutual fund focused on small capitalization growth stocks, investing in companies with strong business fundamentals and reasonable valuations. Distributed to investors via financial advisors.
• Hodges Fund (HDPMX) The flagship mutual fund of Hodges Capital Management, investing across market capitalizations with a focus on quality companies running great businesses with excellent management teams trading at reasonable prices.
• Small Intrinsic Value Fund (HDSVX) A mutual fund focused on small-cap value stocks, seeking companies with intrinsic value characteristics and lower price-to-book ratios.
• Blue Chip Equity Income Fund (HDPBX) A mutual fund investing in large-cap dividend-paying stocks of established companies with solid upside potential and stable dividends.
• Private Client Services Equity portfolio management services for individual investors, providing personalized investment advisory solutions for wealth accumulation and preservation.
• Institutional Investment Management Equity portfolio management services for institutions, foundations, endowments and separately managed accounts, providing tailored active fundamental stock selection.
• Best Ideas Growth Strategy A separately managed account strategy focused on high-conviction growth opportunities identified through proprietary bottom-up research.
• Blue Chip Total Return Strategy A separately managed account strategy targeting total return through investments in large-cap quality companies.
• Micro Cap Strategy A separately managed account strategy focused on micro-cap companies, a segment traditionally overlooked by Wall Street.
• Small Cap Growth Strategy A separately managed account strategy focused on small-cap growth stocks with strong business fundamentals.
• Small Cap Focused Strategy A concentrated separately managed account strategy focused on select small-cap opportunities.
• Small Intrinsic Value Strategy A separately managed account strategy targeting undervalued small-cap companies with intrinsic value characteristics.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Two partnerships are on record, tiered core.

• Quasar Distributors LLCcoreChannel Partner/ Reseller/ DistributorQuasar Distributors LLC serves as the distributor for the Hodges Funds family of mutual funds. Hodges Capital Management (HCM) is the adviser to the Hodges Funds, which are distributed by Quasar Distributors LLC.
• Northern Lights Distributors LLCcoreChannel Partner/ Reseller/ DistributorNorthern Lights Distributors, LLC serves as a distributor for the Hodges Funds. The Hodges Funds are distributed by Northern Lights Distributors, LLC.

Scale indicators3 records

Recent moves7 records

Expansion highlights2 records

Direct peers

• Sit Investment Associates: Long-tenured, family-influenced active equity manager with multiple mutual funds and SMA strategies. Comparable model and tenure.
• Heartland Advisors: Mid-cap and small-cap value-focused active manager with mutual fund offerings. Comparable active small/mid-cap equity narrative.
• Westwood Holdings Group: Dallas-based active equity manager with a similar small/mid-cap research-driven focus and institutional + mutual fund product mix. Direct geographic and product overlap with Hodges Capital.
• Argent Capital Management: Small/mid-cap active equity specialist running institutional and mutual fund strategies with bottom-up fundamental research. Closely comparable investment process and product set.
• Villere & Co. Boutique active equity manager focused on small/mid-cap opportunities with mutual fund and SMA offerings. Direct product and size comparable.
• Vaughan Nelson Investment Management: Houston-based active equity manager focused on small/mid-cap value and growth strategies with mutual fund and SMA distribution. Comparable boutique model and comparable end clients.
• Perritt Capital Management: Micro-cap and small-cap value specialist with active mutual funds and SMAs. Comparable product set and comparable overlooked-niche positioning.
• Royce Investment Partners: Long-standing small-cap specialist with mutual fund and SMA offerings built around bottom-up fundamental research. Directly comparable to Hodges' small/mid-cap equity franchise.

Broad incumbents

• American Century Investments: Large diversified active manager with established small/mid-cap mutual fund and SMA offerings. Larger-scale incumbent in adjacent small/mid-cap active equity product set.
• Victory Capital Holdings: Multi-affiliate active asset manager with relevant small/mid-cap equity franchises and broader distribution. Wider portfolio but overlapping capability set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/hodgescapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hodges Capital Management