HH
HWG Holdings LP — 13F Portfolio Report & Top Holdings (Q3 2026)
HWG Holdings LPCIK: 0001599390
Diversified strategyMomentum followerHigh-turnover trader
Total reported value
$433.7M
Reporting period: 2026-09-30 · Number of holdings: 46
HWG Holdings LP disclosed 46 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $433.7M and a quarterly turnover rate of 77.0%.
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Personality snowflake
- Concentration
- 32.39
- Portfolio Stability
- 77.02
- Momentum
- 100
- Sector conviction
- 71.01
- Diversification
- 92
- Sizing Uniformity
- 83.31
HWG Holdings LP's disclosed holdings carry a Herfindahl concentration index of 0.081 — mathematically equivalent to about 12 equally-sized positions, well below its 46 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.67), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 55% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out EEM
Sold out CW
Add IVV
+24.9% $21.1M
Add IJR
+7385.2% $16.6M
Add QQQ
+64.1% $14.7M
Trim AVGO
-97.3% -$14.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 22.47% | +5.21% | +24.88% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 8.59% | +3.48% | +64.10% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 8.03% | -0.54% | -4.50% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 5.69% | +2.75% | +65.18% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 4.83% | -1.86% | -37.99% | |
| 6 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.95% | +0.11% | -0.18% | |
| 7 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 3.87% | +3.81% | +7385.15% | |
| 8 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.62% | -1.10% | -27.96% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 3.55% | +1.07% | +2.10% | |
| 10 | GS | Goldman Sachs Group Inc | Stock-Financials | 2.76% | +0.81% | +55.45% | |
| 11 | AMD | Advanced Micro Devices | Stock-Tech | 2.52% | +1.74% | +202.47% | |
| 12 | NTRA | Natera Inc | Stock-Healthcare | 2.27% | +2.27% | NEW | |
| 13 | ✓ | Stock-Other | 2.05% | +1.57% | -0.69% | ||
| 14 | DXCM | Dexcom Inc | Stock-Healthcare | 1.92% | +1.92% | NEW | |
| 15 | VDE | Vanguard Energy ETF | ETF-Other | 1.89% | +1.89% | NEW | |
| 16 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.84% | +0.46% | +40.37% | |
| 17 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.77% | +1.77% | NEW | |
| 18 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 1.43% | +0.12% | +20.74% | |
| 19 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 1.32% | +0.45% | +44.56% | |
| 20 | ARM | Arm Holdings Plc-adr | Stock-Tech | 1.14% | +1.14% | NEW | |
| 21 | INTC | Intel CORP | Stock-Tech | 1.13% | +1.13% | NEW | |
| 22 | GE | General Electric | Stock-Industrials | 1.13% | +0.28% | +54.71% | |
| 23 | MU | Micron Technology Inc | Stock-Tech | 1.10% | +1.10% | NEW | |
| 24 | WTS | Watts Water Technologies-a | Stock-Industrials | 1.08% | +0.10% | +18.88% | |
| 25 | NTRS | Northern Trust CORP | Stock-Financials | 1.03% | +1.03% | NEW | |
| 26 | FITB | Fifth Third Bancorp | Stock-Financials | 1.00% | +1.00% | NEW | |
| 27 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.99% | -0.17% | -14.35% | |
| 28 | AJG | Arthur J Gallagher & Co | Stock-Financials | 0.96% | +0.96% | NEW | |
| 29 | ANET | Arista Networks Inc | Stock-Tech | 0.85% | +0.85% | NEW | |
| 30 | BWAY | Brainsway Ltd-adr | Stock-Other | 0.77% | +0.77% | NEW | |
| 31 | ONEQ | Fidelity Nasdaq Comp Indx | ETF-Tech | 0.67% | +0.10% | +12.49% | |
| 32 | SNDK | Sandisk CORP | Stock-Tech | 0.67% | +0.67% | NEW | |
| 33 | EPD | Enterprise Products Partners | Stock-Energy | 0.58% | -0.01% | — | |
| 34 | FEUZ | First Trust Eurozone Alphade | ETF-Other | 0.51% | -0.34% | -39.41% | |
| 35 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.44% | +0.02% | — | |
| 36 | ET | Energy Transfer LP | Stock-Energy | 0.43% | +0.03% | +0.23% | |
| 37 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.31% | -0.02% | -5.34% | |
| 38 | CVX | Chevron CORP | Stock-Energy | 0.16% | +0.04% | +0.30% | |
| 39 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.13% | +0.01% | — | |
| 40 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.13% | +0.01% | — | |
| 41 | APH | Amphenol Corp-cl A | Stock-Tech | 0.12% | -0.98% | -77.86% | |
| 42 | AVGO | Broadcom Inc | Stock-Tech | 0.09% | -3.32% | -97.33% | |
| 43 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 0.07% | — | — | |
| 44 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.06% | +0.06% | NEW | |
| 45 | NET | Cloudflare Inc - Class A | Stock-Tech | 0.06% | +0.06% | NEW | |
| 46 | DFUV | Dimensional US Marketwide Va | ETF-Other | 0.05% | — | — |
Portfolio Performance
Performance for Q4 2026
-1.6%
Performance Last 4 Quarters
+7.7%
- Stdev
- +14.5%
- Beta
- +1.13
- Alpha
- -6.1%
- Max Drawdown
- -9.1%
- Annualized Perf
- +20.3%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +3.25
- Stutzer
- +0.42
- Treynor
- +0.17
- Sterling
- +1.21
- Calmar
- +2.24
- Information Ratio
- -0.69
- Tracking Error
- +4.5%
- Stdev Down
- +6%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +34.1%
- Worst 12 Months
- +1.6%
- Efficiency Ratio
- +0.63
- Sharpe
- +1.36
- Stdev Sectors
- +11.8%
- Skewness
- +0.66
- Kurtosis
- +0.71
- Upside Potential
- +4.87
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 46 | $433.7M | 77 | ||
| 2026 Q2 | 44 | $442.2M | 0 | ||
| 2026 Q1 | 55 | $384.5M | 75 | ||
| 2025 Q4 | 47 | $412.7M | 54 | ||
| 2025 Q3 | 57 | $394.6M | 100 | ||
| 2025 Q2 | 54 | $341.8M | 0 | ||
| 2025 Q1 | 131 | $224.3M | 100 | ||
| 2024 Q4 | 50 | $305.4M | 0 | ||
| 2024 Q3 | 51 | $290.7M | 0 | ||
| 2024 Q2 | 131 | $272.7M | 0 | ||
| 2023 Q4 | 127 | $223.3M | 0 | ||
| 2023 Q3 | 141 | $183.9M | 0 | ||
| 2023 Q2 | 143 | $217.3M | 0 | ||
| 2023 Q1 | 110 | $175.1M | 0 | ||
| 2022 Q4 | 123 | $154.4M | 0 | ||
| 2022 Q3 | 156 | $139.8M | 0 | ||
| 2022 Q1 | 151 | $201.7M | 0 | ||
| 2021 Q4 | 143 | $230.6M | 0 | ||
| 2021 Q2 | 137 | $231.0M | 100 | ||
| 2021 Q1 | 107 | $200.7M | 89 | ||
| 2020 Q4 | 112 | $197.5M | 75 | ||
| 2020 Q3 | 116 | $112.7M | 49 | ||
| 2020 Q2 | 115 | $125.4M | 100 | ||
| 2019 Q4 | 124 | $122.3M | 33 | ||
| 2019 Q3 | 122 | $108.5M | 70 | ||
| 2019 Q2 | 115 | $103.2M | 98 | ||
| 2019 Q1 | 106 | $100.2M | 100 | ||
| 2018 Q4 | 101 | $47.5M | 100 | ||
| 2018 Q3 | 99 | $147.9M | 100 | ||
| 2018 Q2 | 104 | $120.7M | 98 | ||
| 2018 Q1 | 85 | $107.8M | 87 | ||
| 2017 Q4 | 103 | $118.2M | 76 | ||
| 2017 Q3 | 106 | $127.2M | 100 | ||
| 2017 Q2 | 106 | $135.3M | 100 | ||
| 2017 Q1 | 31 | $79.3M | 100 | ||
| 2016 Q4 | 14 | $73.8M | 100 | ||
| 2016 Q3 | 36 | $95.2M | 100 | ||
| 2016 Q2 | 26 | $107.7M | 100 | ||
| 2016 Q1 | 33 | $111.7M | 100 | ||
| 2015 Q4 | 23 | $98.3M | 100 | ||
| 2015 Q3 | 1 | $8.5M | 100 | ||
| 2015 Q2 | 22 | $94.9M | 100 | 1032420240412c300287y | |
| 2015 Q1 | 20 | $61.9M | 100 | 1716933259001a342222g | |
| 2014 Q4 | 30 | $140.3M | 100 | ||
| 2014 Q3 | 30 | $124.7M | 100 | ||
| 2014 Q2 | 45 | $131.6M | 100 | ||
| 2014 Q1 | 36 | $110.0M | 100 | ||
| 2013 Q4 | 40 | $155.0M | — |
Holding changes this quarter
HWG Holdings LP's most significant position changes for 2026-09-30: Sold out: Ishares Msci Emerging Market (EEM); Sold out: Curtiss-wright CORP (CW); Sold out: Kla CORP (KLAC); Sold out: Caterpillar Inc (CAT); New buy: Natera Inc (NTRA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +5.2% | +24.88% | Add |
| 2 | IJR | Ishares Core S&p Small-cap E | +3.8% | +7385.15% | Add |
| 3 | QQQ | Invesco Qqq Trust Series 1 | +3.5% | +64.10% | Add |
| 4 | AAPL | Apple Inc | +2.8% | +65.18% | Add |
| 5 | NTRA | Natera Inc | +2.3% | NEW | New buy |
| 6 | DXCM | Dexcom Inc | +1.9% | NEW | New buy |
| 7 | VDE | Vanguard Energy ETF | +1.9% | NEW | New buy |
| 8 | LLY | Eli Lilly & Co | +1.8% | NEW | New buy |
| 9 | AMD | Advanced Micro Devices | +1.7% | +202.47% | Add |
| 10 | ✓ | +1.6% | -0.69% | Trim | |
| 11 | ARM | Arm Holdings Plc-adr | +1.1% | NEW | New buy |
| 12 | INTC | Intel CORP | +1.1% | NEW | New buy |
| 13 | MU | Micron Technology Inc | +1.1% | NEW | New buy |
| 14 | MSFT | Microsoft CORP | +1.1% | +2.10% | Add |
| 15 | NTRS | Northern Trust CORP | +1% | NEW | New buy |
| 16 | FITB | Fifth Third Bancorp | +1% | NEW | New buy |
| 17 | AJG | Arthur J Gallagher & Co | +1% | NEW | New buy |
| 18 | ANET | Arista Networks Inc | +0.9% | NEW | New buy |
| 19 | GS | Goldman Sachs Group Inc | +0.8% | +55.45% | Add |
| 20 | BWAY | Brainsway Ltd-adr | +0.8% | NEW | New buy |
| 21 | SNDK | Sandisk CORP | +0.7% | NEW | New buy |
| 22 | IJH | Ishares Core S&p Midcap ETF | +0.5% | +40.37% | Add |
| 23 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.5% | +44.56% | Add |
| 24 | GE | General Electric | +0.3% | +54.71% | Add |
| 25 | UNH | Unitedhealth Group Inc | +0.1% | +20.74% | Add |
| 26 | JPM | Jpmorgan Chase & Co | +0.1% | -0.18% | Trim |
| 27 | ONEQ | Fidelity Nasdaq Comp Indx | +0.1% | +12.49% | Add |
| 28 | WTS | Watts Water Technologies-a | +0.1% | +18.88% | Add |
| 29 | RSP | Invesco S&p 500 Equal Weight | +0.1% | NEW | New buy |
| 30 | NET | Cloudflare Inc - Class A | +0.1% | NEW | New buy |
| 31 | CVX | Chevron CORP | 0% | +0.30% | Add |
| 32 | ET | Energy Transfer LP | 0% | +0.23% | Add |
| 33 | VTI | Vanguard Total Stock Mkt ETF | 0% | — | Unchanged |
| 34 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 36 | DFUS | Dimensional US Eq Mkt ETF | — | — | Unchanged |
| 37 | DFUV | Dimensional US Marketwide Va | — | — | Unchanged |
| 38 | EPD | Enterprise Products Partners | 0% | — | Unchanged |
| 39 | TSM | Taiwan Semiconductor-sp Adr | 0% | -5.34% | Trim |
| 40 | ✓ | Call (nflx) Netflix Inc $125 E | 0% | EXIT | Sold out |
| 41 | COST | Costco Wholesale CORP | -0.2% | -14.35% | Trim |
| 42 | FEUZ | First Trust Eurozone Alphade | -0.3% | -39.41% | Trim |
| 43 | GOOGL | Alphabet Inc-cl A | -0.5% | -4.50% | Trim |
| 44 | ESLT | Elbit Systems Ltd. | -0.6% | EXIT | Sold out |
| 45 | GEV | GE Vernova Inc | -0.8% | EXIT | Sold out |
| 46 | TEX | Terex CORP | -1% | EXIT | Sold out |
| 47 | APH | Amphenol Corp-cl A | -1% | -77.86% | Trim |
| 48 | MRCY | Mercury Systems Inc | -1% | EXIT | Sold out |
| 49 | MLI | Mueller Industries Inc | -1% | EXIT | Sold out |
| 50 | AMZN | Amazon.com Inc | -1.1% | -27.96% | Trim |
1–50 of 59
Filing History
FAQ
What is HWG Holdings LP and what type of investor is it?
HWG Holdings LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $433.7M, spread across 46 disclosed positions.
What are HWG Holdings LP's largest equity positions?
Based on the latest 13F filing, HWG Holdings LP's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $97.5M (22.5%)
2. Invesco Qqq Trust Series 1 (QQQ) — $37.2M (8.6%)
3. Alphabet Inc-cl A (GOOGL) — $34.8M (8.0%)
4. Apple Inc (AAPL) — $24.7M (5.7%)
5. Nvidia CORP (NVDA) — $21.0M (4.8%)
What changes did HWG Holdings LP make in its most recent portfolio filing?
In the latest reported quarter, HWG Holdings LP made 53 notable position adjustments: 15 new positions were initiated, 15 existing holdings were added to, 10 positions were partially reduced, and 13 were completely exited. The largest of these moves: Sold out: Ishares Msci Emerging Market (EEM); Sold out: Curtiss-wright CORP (CW); Sold out: Kla CORP (KLAC); Sold out: Caterpillar Inc (CAT); New buy: Natera Inc (NTRA)
What sectors does HWG Holdings LP focus on?
HWG Holdings LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.0%
• Financials: 17.6%
• Communication Services: 14.6%
• Health Care: 13.4%
• Consumer Discretionary: 6.6%
• Industrials: 4.0%
Investment Profile
HWG Holdings LP returned an annualized 20.3% over the trailing 36 months — underperforming the S&P 500 by 6.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.13 (more volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 40.0% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 100 to 77 over the past 4 quarters — a shift toward longer holding periods.
It has added to its IVV position over the past two quarters (+$35.7M, now $97.5M), while trimming FEUZ over the same stretch (-$19.2M, still holding $2.2M).
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Developer Access
Access HWG Holdings LP's institutional profile programmatically:
REST API
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