Value investor: Buy small caps after 6% pullback

Craig Hodges
Daniel Acker | Bloomberg | Getty Images

Craig Hodges, one of the 14 members of the "Squawk Box" Platinum Portfolio, shared his favorite areas of the market within the small-cap space following the recent pullback.

After leading the market for most of the year, the Russell 2000 index is down nearly 6 percent from a record high reached in June.

But as the small-cap index comes off its high, Hodges is using the drop as a buying opportunity in certain sectors.