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Market-beating investor adds airline to portfolio

American Airlines
Scott Mlyn | CNBC

Craig Hodges, a member of the Squawk Box Platinum Portfolio contest, is up 9 percent so far in 2015, compared to the S&P 500's 1.7 percent gain.

In order to keep that run going, the chief executive of Hodges Capital Management bought shares of an airline trading at an extremely deep value with a price-earnings ratio under 5.