# Hodges Capital Management Inc

> Hodges Capital Management Inc is an SEC-registered investment advisory firm in Dallas, TX, registered since 1990, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated October 31, 2025.

- CRD: 110080
- Filed as: HODGES CAPITAL MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: October 31, 2025
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110080
- AdvisorCensus page: https://advisorcensus.com/firm/hodges-capital-management-inc-dallas-tx-110080

## Quick answers

**How is Hodges Capital Management Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Hodges Capital Management Inc reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Hodges Capital Management Inc located?**
Hodges Capital Management Inc's principal office is in Dallas, TX, according to its Form ADV.

**Is Hodges Capital Management Inc registered with the SEC or a state?**
Hodges Capital Management Inc is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 110080.

**How much does Hodges Capital Management Inc manage?**
Hodges Capital Management Inc reports $1,240,237,495 in regulatory assets under management in its Form ADV filing dated October 31, 2025 (100% discretionary).

**How have Hodges Capital Management Inc's assets and staff changed since 2021?**
In the Form ADV data for Hodges Capital Management Inc: Regulatory assets under management: $937,947,414 in the October 2021 data and $1,240,237,495 in the October 2026 data, up 32%. Total employees: 22 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hodges Capital Management Inc serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (265); high net worth individuals (133); corporations or other businesses not listed above (25).

**Which custodians does Hodges Capital Management Inc use?**
Hodges Capital Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Wells Fargo Clearing Services, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Hodges Capital Management Inc report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110080

**What changed in Hodges Capital Management Inc's recent Form ADV filings?**
In the December 2025 filing data: Regulatory assets under management went from $1,086,634,626 to $1,240,237,495 (+14%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Wells Fargo Clearing Services, LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,240,237,495
- Discretionary: $1,240,237,495
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 265 | $79,753,743 |
| High net worth individuals | 133 | $380,372,244 |
| Banking or thrift institutions | 2 | $6,395,371 |
| Investment companies | 4 | $502,581,602 |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $107,251,268 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $9,767,496 |
| Charitable organizations | 8 | $46,467,525 |
| State or municipal government entities (including government pension plans) | 1 | $800,012 |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 25 | $106,848,234 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1990 (36 years)
- Employees: 20 total, 10 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AZ, CA, GA, LA, NE, OK, TX
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110080

### Websites listed on Form ADV (Item 1.I)
- hodgescapital.com
- hodgescapital.com/mutual-funds
- Facebook @HODGES-PRIVATE-CLIENT-102708868772955
- Instagram instagram.com
- LinkedIn @HODGES-CAPITAL
- X @HODGESCAPITAL
- X @HODGESCLIENT
- YouTube youtube.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $937,947,414 | 22 | September 9, 2021 |
| October 2022 | $937,947,414 | 22 | August 3, 2022 |
| October 2023 | $769,092,395 | 20 | January 19, 2023 |
| October 2024 | $969,195,812 | 20 | November 29, 2023 |
| October 2025 | $1,086,634,626 | 20 | October 29, 2024 |
| October 2026 | $1,240,237,495 | 20 | October 31, 2025 |

Regulatory assets under management: $937,947,414 in the October 2021 data and $1,240,237,495 in the October 2026 data, up 32%.
Total employees: 22 in October 2021 and 20 in October 2026.

## Changes in the filing (last 12 months)

### December 2025
- Regulatory assets under management went from $1,086,634,626 to $1,240,237,495 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hodges Capital Management Inc (CRD 110080): Form ADV filing data as of October 2026.