HWG Holdings LP Quant / Systematic

CIK: 0001599390 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 12, 2026

Total Value ($000): $412,708 (100.0% shares, 0.0% debt)

Holdings (47)

New Positions (6)

TJX TJX COS INC NEW COM 1.1%

Value ($000) $4,416 Shares 28,746 Est. Cost $147.70 Unrealized 0.0%

GS GOLDMAN SACHS GROUP 1.0%

Value ($000) $4,121 Shares 4,688 Est. Cost $813.35 Unrealized 0.0%

AGX ARGAN INC COM 0.6%

Value ($000) $2,484 Shares 7,928 Est. Cost $316.84 Unrealized 0.0%

PLTR PALANTIR TECHNOLOGIES IN CLASS 0.3%

Value ($000) $1,271 Shares 7,151 Est. Cost $181.03 Unrealized 0.0%

BLK BLACKROCK INC 0.1%

Value ($000) $473 Shares 442 Est. Cost $1089.41 Unrealized 0.0%

ORLY O'REILLY AUTOMOTIVE INC 0.1%

Value ($000) $226 Shares 2,475 Est. Cost $97.70 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TJX	TJX COS INC NEW COM	28,746	$4,416	1.1%	$147.70	0.0%	COM	872540109
GS	GOLDMAN SACHS GROUP	4,688	$4,121	1.0%	$813.35	0.0%	COM	38141G104
AGX	ARGAN INC COM	7,928	$2,484	0.6%	$316.84	0.0%	COM	04010E109
PLTR	PALANTIR TECHNOLOGIES IN CLASS	7,151	$1,271	0.3%	$181.03	0.0%	COM	69608A108
BLK	BLACKROCK INC	442	$473	0.1%	$1089.41	0.0%	COM	09290D101
ORLY	O'REILLY AUTOMOTIVE INC	2,475	$226	0.1%	$97.70	0.0%	COM	67103H107

Increased Positions (15)

IVV ISHARES CORE S&P 500 ETF 28.0%

Value ($000) $115,660 (+161.5%) Shares 168,862 (+155.6%) Est. Cost $605.60 Unrealized —

GOOGL ALPHABET INC. CLASS A 7.5%

Value ($000) $30,871 (+43.2%) Shares 98,628 (+11.2%) Est. Cost $216.90 Unrealized +31.7%

SHOP SHOPIFY INC F CLASS A 2.7%

Value ($000) $11,331 (+278.5%) Shares 70,395 (+249.5%) Est. Cost $153.41 Unrealized +4.7%

EEM ISHARES MSCI EMERGING MARKETS 2.6%

Value ($000) $10,740 (+264.2%) Shares 196,314 (+255.5%) Est. Cost $54.34 Unrealized —

NFLX NETFLIX INC 0.2%

Value ($000) $679 (-89.8%) Shares 7,240 (+30.6%) Est. Cost $118.72 Unrealized -9.2%

ESLT ELBIT SYSTEMS LTD 3.0%

Value ($000) $12,287 (+24.6%) Shares 21,268 (+9.9%) Est. Cost $434.26 Unrealized +15.3%

MLI MUELLER INDS INC 2.2%

Value ($000) $9,244 (+15.8%) Shares 80,522 (+2.0%) Est. Cost $91.73 Unrealized +17.0%

EPD ENTERPRISE PRODS PART LP 0.5%

Value ($000) $2,244 (+87.8%) Shares 70,002 (+83.1%) Est. Cost $30.46 Unrealized —

ET ENERGY TRANSFER LP COM UT LTD 0.4%

Value ($000) $1,522 (+184.0%) Shares 92,302 (+195.5%) Est. Cost $16.72 Unrealized —

JPM JPMORGAN CHASE & CO 4.2%

Value ($000) $17,440 (+5.9%) Shares 54,126 (+3.6%) Est. Cost $296.41 Unrealized +4.4%

CW CURTISS WRIGHT CORP 4.3%

Value ($000) $17,880 (+5.6%) Shares 32,435 (+4.0%) Est. Cost $276.65 Unrealized +101.6%

MSFT MICROSOFT CORP 6.1%

Value ($000) $25,272 (-1.8%) Shares 52,256 (+5.1%) Est. Cost $352.20 Unrealized +42.1%

ANET ARISTA NETWORKS INC 0.8%

Value ($000) $3,288 (-4.1%) Shares 25,090 (+6.6%) Est. Cost $114.70 Unrealized +20.0%

RCL ROYAL CARIBBEAN GROUP F 0.1%

Value ($000) $263 (-12.7%) Shares 944 (+1.3%) Est. Cost $236.66 Unrealized +19.0%

BRK/B BERKSHIRE HATHAWAY INC DEL CL 0.2%

Value ($000) $793 (+3.9%) Shares 1,577 (+4.0%) Est. Cost $484.86 Unrealized +2.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IVV	ISHARES CORE S&P 500 ETF	168,862 (+155.6%)	$115,660 (+161.5%)	28.0%	$605.60	—	COM	464287200
GOOGL	ALPHABET INC. CLASS A	98,628 (+11.2%)	$30,871 (+43.2%)	7.5%	$216.90	+31.7%	COM	02079K305
SHOP	SHOPIFY INC F CLASS A	70,395 (+249.5%)	$11,331 (+278.5%)	2.7%	$153.41	+4.7%	COM	82509L107
EEM	ISHARES MSCI EMERGING MARKETS	196,314 (+255.5%)	$10,740 (+264.2%)	2.6%	$54.34	—	COM	464287234
NFLX	NETFLIX INC	7,240 (+30.6%)	$679 (-89.8%)	0.2%	$118.72	-9.2%	COM	64110L106
ESLT	ELBIT SYSTEMS LTD	21,268 (+9.9%)	$12,287 (+24.6%)	3.0%	$434.26	+15.3%	COM	M3760D101
MLI	MUELLER INDS INC	80,522 (+2.0%)	$9,244 (+15.8%)	2.2%	$91.73	+17.0%	COM	624756102
EPD	ENTERPRISE PRODS PART LP	70,002 (+83.1%)	$2,244 (+87.8%)	0.5%	$30.46	—	COM	293792107
ET	ENERGY TRANSFER LP COM UT LTD	92,302 (+195.5%)	$1,522 (+184.0%)	0.4%	$16.72	—	COM	29273V100
JPM	JPMORGAN CHASE & CO	54,126 (+3.6%)	$17,440 (+5.9%)	4.2%	$296.41	+4.4%	COM	46625H100
CW	CURTISS WRIGHT CORP	32,435 (+4.0%)	$17,880 (+5.6%)	4.3%	$276.65	+101.6%	COM	231561101
MSFT	MICROSOFT CORP	52,256 (+5.1%)	$25,272 (-1.8%)	6.1%	$352.20	+42.1%	COM	594918104
ANET	ARISTA NETWORKS INC	25,090 (+6.6%)	$3,288 (-4.1%)	0.8%	$114.70	+20.0%	COM	040413205
RCL	ROYAL CARIBBEAN GROUP F	944 (+1.3%)	$263 (-12.7%)	0.1%	$236.66	+19.0%	COM	V7780T103
BRK/B	BERKSHIRE HATHAWAY INC DEL CL	1,577 (+4.0%)	$793 (+3.9%)	0.2%	$484.86	+2.6%	COM	084670702

Exited Positions (16)

DASH DOOR DASH 3.0%

Value ($000) $12,255 Shares 45,055 Est. Cost $200.58 Unrealized +16.9%

— CALL (AVGO) BROADCOM INC $300 1.3%

Value ($000) $5,387 Shares 1,060 Est. Cost $5081.64 Unrealized —

— CALL (AMD) ADVANCED MICRO DEVI 0.8%

Value ($000) $3,360 Shares 1,172 Est. Cost $2867.30 Unrealized —

— CALL (NVDA) NVIDIA $180 EXP 01 0.8%

Value ($000) $3,124 Shares 1,481 Est. Cost $2109.19 Unrealized —

BLD TOPBUILD CORP 0.7%

Value ($000) $2,824 Shares 7,224 Est. Cost $399.15 Unrealized +7.4%

MTRN MATERION CORP 0.7%

Value ($000) $2,699 Shares 22,342 Est. Cost $105.00 Unrealized +17.4%

SPOT SPOTIFY TECHNOLOGY SA 0.5%

Value ($000) $2,260 Shares 3,238 Est. Cost $699.24 Unrealized -10.6%

MP MP MATERIALS CORP CL A 0.5%

Value ($000) $2,196 Shares 32,746 Est. Cost $62.91 Unrealized +0.8%

AMSC AMERICAN SUPERCONDUCTOR CORP 0.5%

Value ($000) $2,106 Shares 35,468 Est. Cost $49.99 Unrealized -13.5%

CRWV COREWEAVE INC CL A 0.5%

Value ($000) $1,863 Shares 13,617 Est. Cost $118.31 Unrealized -14.3%

EUAD SELECT STOXX EUROPE AERSSPC & 0.4%

Value ($000) $1,475 Shares 31,411 Est. Cost $43.15 Unrealized —

CTAS CINTAS CORP 0.3%

Value ($000) $1,337 Shares 6,516 Est. Cost $189.87 Unrealized -0.9%

CNSWF CONSTELLATION SOFTWARE INC 0.2%

Value ($000) $755 Shares 278 Est. Cost $3380.45 Unrealized -25.5%

SPGI S&P GLOBAL INC 0.2%

Value ($000) $727 Shares 1,493 Est. Cost $533.84 Unrealized -7.4%

MELI MERCADOLIBRE INC 0.1%

Value ($000) $301 Shares 129 Est. Cost $1882.53 Unrealized +11.6%

PB PROSPERITY BANCSHARES IN 0.1%

Value ($000) $237 Shares 3,577 Est. Cost $67.25 Unrealized -0.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DASH	DOOR DASH	45,055	$12,255	3.0%	$200.58	+16.9%	—	25809K105
—	CALL (AVGO) BROADCOM INC $300	1,060	$5,387	1.3%	$5081.64	—	—	CALLAVGO2
—	CALL (AMD) ADVANCED MICRO DEVI	1,172	$3,360	0.8%	$2867.30	—	—	CALLAMD26
—	CALL (NVDA) NVIDIA $180 EXP 01	1,481	$3,124	0.8%	$2109.19	—	—	CALLNVDA2
BLD	TOPBUILD CORP	7,224	$2,824	0.7%	$399.15	+7.4%	—	89055F103
MTRN	MATERION CORP	22,342	$2,699	0.7%	$105.00	+17.4%	—	576690101
SPOT	SPOTIFY TECHNOLOGY SA	3,238	$2,260	0.5%	$699.24	-10.6%	—	L8681T102
MP	MP MATERIALS CORP CL A	32,746	$2,196	0.5%	$62.91	+0.8%	—	553368101
AMSC	AMERICAN SUPERCONDUCTOR CORP	35,468	$2,106	0.5%	$49.99	-13.5%	—	030111207
CRWV	COREWEAVE INC CL A	13,617	$1,863	0.5%	$118.31	-14.3%	—	21873S108
EUAD	SELECT STOXX EUROPE AERSSPC &	31,411	$1,475	0.4%	$43.15	—	—	84858T772
CTAS	CINTAS CORP	6,516	$1,337	0.3%	$189.87	-0.9%	—	172908105
CNSWF	CONSTELLATION SOFTWARE INC	278	$755	0.2%	$3380.45	-25.5%	—	21037X100
SPGI	S&P GLOBAL INC	1,493	$727	0.2%	$533.84	-7.4%	—	78409V104
MELI	MERCADOLIBRE INC	129	$301	0.1%	$1882.53	+11.6%	—	58733R102
PB	PROSPERITY BANCSHARES IN	3,577	$237	0.1%	$67.25	-0.3%	—	743606105

Decreased Positions (17)

META META PLATFORMS INC CLASS A 2.5%

Value ($000) $10,468 (-50.9%) Shares 15,859 (-45.4%) Est. Cost $484.77 Unrealized +37.7%

TSM TAIWAN SEMICONDUCTOR ADR 0.1%

Value ($000) $553 (-93.5%) Shares 1,819 (-94.0%) Est. Cost $254.53 Unrealized —

— CALL (ANET) ANET $100 EXP 06/1 0.3%

Value ($000) $1,279 (-83.3%) Shares 335 (-76.4%) Est. Cost $5409.29 Unrealized —

COST COSTCO WHOLESALE CO 1.3%

Value ($000) $5,290 (-53.6%) Shares 6,135 (-50.2%) Est. Cost $956.70 Unrealized -5.3%

UBER UBER TECHNOLOGIES INC 0.3%

Value ($000) $1,314 (-81.3%) Shares 16,082 (-77.6%) Est. Cost $87.51 Unrealized +2.9%

BRO BROWN & BROWN INC 0.7%

Value ($000) $3,000 (-52.3%) Shares 37,640 (-43.9%) Est. Cost $78.23 Unrealized +6.6%

BSX BOSTON SCIENTIFIC CO 0.8%

Value ($000) $3,331 (-41.8%) Shares 34,934 (-40.4%) Est. Cost $94.76 Unrealized +3.5%

AVGO BROADCOM INC 3.2%

Value ($000) $13,363 (-14.9%) Shares 38,610 (-18.9%) Est. Cost $305.74 Unrealized +16.8%

ROAD CONSTRUCTION PARTNERS IN CLASS 0.2%

Value ($000) $634 (-78.3%) Shares 5,842 (-74.6%) Est. Cost $95.03 Unrealized +18.5%

MCO MOODYS CORP 0.2%

Value ($000) $654 (-68.4%) Shares 1,280 (-70.6%) Est. Cost $468.21 Unrealized +4.1%

— CALL (META) META PLATFORMS INC 0.3%

Value ($000) $1,165 (-52.1%) Shares 174 (-1.1%) Est. Cost $13816.18 Unrealized —

NVDA NVIDIA CORP 6.1%

Value ($000) $25,095 (-2.9%) Shares 134,555 (-2.8%) Est. Cost $174.29 Unrealized +6.8%

AAPL APPLE INC 1.7%

Value ($000) $6,853 (-6.1%) Shares 25,209 (-12.0%) Est. Cost $182.15 Unrealized +47.3%

QQQ INVSC QQQ TRUST SRS 1 ETF 9.5%

Value ($000) $39,018 (+0.4%) Shares 63,515 (-1.8%) Est. Cost $600.37 Unrealized —

FEUZ FIRST TRUST EUROZONE ALPHADEX 0.2%

Value ($000) $1,000 (+2.4%) Shares 16,290 (-2.0%) Est. Cost $55.94 Unrealized —

BKNG BOOKING HOLDINGS INC 0.1%

Value ($000) $225 (-3.1%) Shares 42 (-2.3%) Est. Cost $5563.60 Unrealized -7.7%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $281 (+0.9%) Shares 2,334 (-5.5%) Est. Cost $109.70 Unrealized +5.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC CLASS A	15,859 (-45.4%)	$10,468 (-50.9%)	2.5%	$484.77	+37.7%	COM	30303M102
TSM	TAIWAN SEMICONDUCTOR ADR	1,819 (-94.0%)	$553 (-93.5%)	0.1%	$254.53	—	ADR	874039100
—	CALL (ANET) ANET $100 EXP 06/1	335 (-76.4%)	$1,279 (-83.3%)	0.3%	$5409.29	—	CALL	CALLANET2
COST	COSTCO WHOLESALE CO	6,135 (-50.2%)	$5,290 (-53.6%)	1.3%	$956.70	-5.3%	COM	22160K105
UBER	UBER TECHNOLOGIES INC	16,082 (-77.6%)	$1,314 (-81.3%)	0.3%	$87.51	+2.9%	COM	90353T100
BRO	BROWN & BROWN INC	37,640 (-43.9%)	$3,000 (-52.3%)	0.7%	$78.23	+6.6%	COM	115236101
BSX	BOSTON SCIENTIFIC CO	34,934 (-40.4%)	$3,331 (-41.8%)	0.8%	$94.76	+3.5%	COM	101137107
AVGO	BROADCOM INC	38,610 (-18.9%)	$13,363 (-14.9%)	3.2%	$305.74	+16.8%	COM	11135F101
ROAD	CONSTRUCTION PARTNERS IN CLASS	5,842 (-74.6%)	$634 (-78.3%)	0.2%	$95.03	+18.5%	COM	21044C107
MCO	MOODYS CORP	1,280 (-70.6%)	$654 (-68.4%)	0.2%	$468.21	+4.1%	COM	615369105
—	CALL (META) META PLATFORMS INC	174 (-1.1%)	$1,165 (-52.1%)	0.3%	$13816.18	—	CALL	CALLMETA2
NVDA	NVIDIA CORP	134,555 (-2.8%)	$25,095 (-2.9%)	6.1%	$174.29	+6.8%	COM	67066G104
AAPL	APPLE INC	25,209 (-12.0%)	$6,853 (-6.1%)	1.7%	$182.15	+47.3%	COM	037833100
QQQ	INVSC QQQ TRUST SRS 1 ETF	63,515 (-1.8%)	$39,018 (+0.4%)	9.5%	$600.37	—	COM	46090E103
FEUZ	FIRST TRUST EUROZONE ALPHADEX	16,290 (-2.0%)	$1,000 (+2.4%)	0.2%	$55.94	—	COM	33737J505
BKNG	BOOKING HOLDINGS INC	42 (-2.3%)	$225 (-3.1%)	0.1%	$5563.60	-7.7%	COM	09857L108
XOM	EXXON MOBIL CORP	2,334 (-5.5%)	$281 (+0.9%)	0.1%	$109.70	+5.3%	COM	30231G102

Unchanged Positions (9)

AMZN AMAZON.COM INC 4.0%

Value ($000) $16,486 Shares 71,422 Est. Cost $148.60 Unrealized +54.0%

ONEQ FIDELITY NASDAQ COMPOSITE IND 0.8%

Value ($000) $3,134 Shares 34,284 Est. Cost $80.69 Unrealized —

SPYM SPDR PORTFOLIO S&P 500 ETF 0.9%

Value ($000) $3,599 Shares 44,860 Est. Cost $78.34 Unrealized —

VTI VANGUARD TOTAL STOCK MARKET ET 0.4%

Value ($000) $1,703 Shares 5,079 Est. Cost $274.83 Unrealized —

EZU ISHARES MSCI EMU ETF 0.1%

Value ($000) $404 Shares 6,306 Est. Cost $59.45 Unrealized —

SPY SPDR S&P500 ETF TRUSTTRUST UNI 0.1%

Value ($000) $492 Shares 721 Est. Cost $666.18 Unrealized —

DFUV DIMENSIONAL US MARKETWIDE VALU 0.1%

Value ($000) $265 Shares 5,696 Est. Cost $34.50 Unrealized —

DFUS DIMENSIONAL US EQUITY ETF 0.1%

Value ($000) $283 Shares 3,819 Est. Cost $48.16 Unrealized —

DVY ISHARES SELECT DIVIDEND ETF 0.1%

Value ($000) $315 Shares 2,229 Est. Cost $135.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON.COM INC	71,422	$16,486	4.0%	$148.60	+54.0%	COM	023135106
ONEQ	FIDELITY NASDAQ COMPOSITE IND	34,284	$3,134	0.8%	$80.69	—	COM	315912808
SPYM	SPDR PORTFOLIO S&P 500 ETF	44,860	$3,599	0.9%	$78.34	—	COM	78464A854
VTI	VANGUARD TOTAL STOCK MARKET ET	5,079	$1,703	0.4%	$274.83	—	COM	922908769
EZU	ISHARES MSCI EMU ETF	6,306	$404	0.1%	$59.45	—	COM	464286608
SPY	SPDR S&P500 ETF TRUSTTRUST UNI	721	$492	0.1%	$666.18	—	COM	78462F103
DFUV	DIMENSIONAL US MARKETWIDE VALU	5,696	$265	0.1%	$34.50	—	COM	25434V724
DFUS	DIMENSIONAL US EQUITY ETF	3,819	$283	0.1%	$48.16	—	COM	25434V401
DVY	ISHARES SELECT DIVIDEND ETF	2,229	$315	0.1%	$135.07	—	COM	464287168