Hodges Pure Contrarian Retail
11.490.10 (0.88%)
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Prev Close11.39
YTD Return29.85%
Net Assets6.85M
As of 7:12 PM EDT. Market closed.
  • Reuters4 months ago

    Lone Star: Texas-based companies power year's best small-cap fund

    A Texas-sized selloff of companies based in the Lone Star State is helping one small-cap fund manager produce outsized returns. Craig Hodges, co-portfolio manager of the $6.2 million Hodges Pure Contrarian fund, is up 17.1 percent for the year through Monday, nearly triple that of any other small-cap core fund tracked by Morningstar, and nearly 20 percentage points better than the 2.7 percent decline in the benchmark Russell 2000. Hodges is prospering mainly by buying Texas-based homebuilders, banks and hotel chains whose shares were caught up in the deep selloff in early 2016 triggered by fears that oil prices would dip into the $20 range.

  • Reuters4 months ago

    U.S. small cap funds shine in 1st quarter but may have harder road ahead

    The steep decline and subsequent rebound in the U.S. stock market over the first three months of the year were a boon to U.S. small cap managers, who took advantage of what some considered a short window of low prices to add shares in companies ranging from retailers to steel makers. "We went on a buying spree," said Chris Towle, co-manager of the Towle Deep Value fund, which is up 2.2 percent for the year to date, compared with a 3.7 percent decline in the benchmark Russell 2000. Towle's fund added seven positions to its portfolio of 35 stocks in the first quarter, buying companies including retailers Pier 1 Imports Inc, which the fund bought at $4 and closed Thursday at $6.47, and Destination Maternity Corp , which the fund bought near $5 per share and now trades just below $7.