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Livermore
Livermore
ZHEN

Hodges Capital Management Inc.

SEC CIK
0001337263
Latest filing
Aug 3, 2026

The latest 13F from Hodges Capital Management Inc. covers Q2 2026 (filed Aug 3, 2026): 223 long positions worth $1.51B. The top 10 holdings make up 25.6% of the portfolio, and the largest is Terawulf Inc. (WULF) at 3.6%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
38
Est. +$137.2M
Added
63
Est. +$119.9M
Reduced
103
Est. −$238.2M
Sold out
19
Est. −$30.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. WULFTerawulf Inc.
    3.6%$55.0MHistory
  2. MUMicron Technology Inc
    3.5%$53.0MHistory
  3. TPLTexas Pacific Land Corp
    2.9%$44.3MHistory
  4. NVDANVIDIA Corp
    2.8%$42.7MHistory
  5. SNSharkNinja, Inc.
    2.8%$42.1MHistory

Share of portfolio

Top 5 holdings and the other 218 positions, by share of portfolio value

  1. WULF3.6%
  2. MU3.5%
  3. TPL2.9%
  4. NVDA2.8%
  5. SN2.8%
  6. Other 218 positions84.3%

Biggest buys

New and added positions, by estimated amount bought

  1. AIRAar Corp
    +$19.0MNewHistory
  2. VPGVishay Precision Group, Inc.
    +$15.8MNewHistory
  3. SAILSailPoint, Inc.
    +$10.9MNewHistory
  4. TWLOTwilio Inc
    +$10.3MAddedHistory
  5. CECOCeco Environmental Corp
    +$9.78MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AIRAar Corp
    +1.26 pp0.0% → 1.3%History
  2. VPGVishay Precision Group, Inc.
    +1.05 pp0.0% → 1.0%History
  3. AMATApplied Materials Inc
    +0.90 pp1.2% → 2.1%History
  4. TWLOTwilio Inc
    +0.79 pp0.3% → 1.1%History
  5. SAILSailPoint, Inc.
    +0.72 pp0.0% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MXLMaxlinear, Inc
    −$53.0MReducedHistory
  2. MUMicron Technology Inc
    −$19.2MReducedHistory
  3. TMHCTaylor Morrison Home Corp
    −$12.4MSold outHistory
  4. CXWCoreCivic, Inc.
    −$11.0MReducedHistory
  5. RHRH
    −$9.98MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MTDRMatador Resources Co
    −1.39 pp3.2% → 1.8%History
  2. TPLTexas Pacific Land Corp
    −1.21 pp4.1% → 2.9%History
  3. TMHCTaylor Morrison Home Corp
    −1.02 pp1.0% → 0.0%History
  4. GILGildan Activewear Inc.
    −0.73 pp1.1% → 0.4%History
  5. RHRH
    −0.71 pp0.8% → 0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.51B
+$302.4M (+25.0%) vs. prior quarter
Positions
223
+19 vs. prior quarter
Top 10 concentration
25.6%
Top 10 as share of value
Turnover
18.9%
Q2 2026, one quarter
Average holding period
13.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.87B (Q4 2023)

Q1 2021: $722.9MQ2 2021: $892.3MQ3 2021: $1.36BQ4 2021: $1.38BQ1 2022: $1.26BQ2 2022: $990.7MQ3 2022: $607.7MQ4 2022: $1.15BQ1 2023: $1.22BQ2 2023: $1.71BQ3 2023: $839.6MQ4 2023: $1.87BQ1 2024: $1.57BQ2 2024: $1.49BQ3 2024: $1.56BQ4 2024: $1.67BQ1 2025: $993.9MQ2 2025: $1.04BQ3 2025: $1.17BQ4 2025: $1.16BQ1 2026: $1.21BQ2 2026: $1.51B
Q1 2021Q2 2026
13F filings of Hodges Capital Management Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 2026223$1.51BWULFMUTPLvs. Q1 2026SEC
Q1 2026Apr 28, 2026204$1.21BTPLMTDRNVDAvs. Q4 2025SEC
Q4 2025Feb 11, 2026199$1.16BNVDASNWULFvs. Q3 2025SEC
Q3 2025Nov 7, 2025207$1.17BWULFNVDAUBERvs. Q2 2025SEC
Q2 2025Aug 7, 2025209$1.04BTPLUBERNVDAvs. Q1 2025SEC
Q1 2025Jun 2, 2025Amended207$993.9MTPLUBERNVDAvs. Q4 2024SEC
Q4 2024Jan 24, 2025210$1.67BTPLMTDRNVDAvs. Q3 2024SEC
Q3 2024Nov 15, 2024220$1.56BTPLEXPMTDRvs. Q2 2024SEC
Q2 2024Aug 2, 2024218$1.49BTPLMTDRNVDAvs. Q1 2024SEC
Q1 2024Apr 16, 2024219$1.57BWIREMTDRCLFvs. Q4 2023SEC
Q4 2023Feb 13, 2024211$1.87BWIREMTDREXPvs. Q3 2023SEC
Q3 2023Nov 14, 2023216$839.6MWIRETPLMTDRvs. Q2 2023SEC
Q2 2023Aug 7, 2023220$1.71BEXPWIREMTDRvs. Q1 2023SEC
Q1 2023May 15, 2023217$1.22BTPLEXPMTDRvs. Q4 2022SEC
Q4 2022Feb 3, 2023215$1.15BTPLMTDRWIREvs. Q3 2022SEC
Q3 2022Oct 21, 2022201$607.7MTPLMTDRWIREvs. Q2 2022SEC
Q2 2022Jul 28, 2022211$990.7MTPLMTDRCMCvs. Q1 2022SEC
Q1 2022May 12, 2022241$1.26BTPLCLFCMCvs. Q4 2021SEC
Q4 2021Feb 7, 2022243$1.38BTPLCMCEXPvs. Q3 2021SEC
Q3 2021Oct 6, 2021239$1.36BTPLCMCCLFvs. Q2 2021SEC
Q2 2021Jul 6, 2021244$892.3MTPLCMCCLFvs. Q1 2021SEC
Q1 2021Apr 7, 2021217$722.9MCMCCLFEXP–SEC