SEC 13F Intelligence

Managers / Q3 2023 · view latest →

SPEECE THORSON CAPITAL GROUP INC

CIK 0000900169 · 601 CARLSON PKWY, SUITE 850, MINNETONKA, MN, 55305 · 6123384649

Reported Value
$454M
Q3 2023
Positions
39
Filings on Record
29
2019–present window
Filed
Nov 20, 2023
original filing

Summary

Speece Thorson Capital Group Inc reported $454M in U.S.-listed holdings across 39 positions for Q3 2023.

Its largest position, LEG, represents 4.5% of the portfolio.

The book was largely unchanged from Q2 2023.

Portfolio Metrics

Turnover
+4.7%
vs prior filed quarter
Top-10 Concentration
+37.3%
share of reported value
Largest Position
+4.5%
Leggett Platt

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $364MQ1 ’19Q2 ’19: $376MQ3 ’19: $374MQ4 ’19: $386MQ1 ’20: $290MQ1 ’20Q2 ’20: $347MQ3 ’20: $378MQ4 ’20: $421MQ1 ’21: $475MQ1 ’21Q2 ’21: $479MQ3 ’21: $478MQ4 ’21: $523MQ1 ’22: $467MQ1 ’22Q2 ’22: $424MQ3 ’22: $438MQ4 ’22: $466MQ1 ’23: $475MQ1 ’23Q2 ’23: $489MQ3 ’23: $454MQ4 ’23: $488MQ1 ’24: $517MQ1 ’24Q2 ’24: $489MQ3 ’24: $541MQ4 ’24: $507MQ1 ’25: $486MQ1 ’25Q2 ’25: $491MQ3 ’25: $500MQ4 ’25: $462MQ1 ’26: $439MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 92.9%Other: 7.1%
  • Common Stock · 92.9% · $421M
  • Other · 7.1% · $32M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CABOCABLE ONE INCADDED+7.2K13.9K+$4M$9M
NSITINSIGHT ENTERPRISES INCTRIMMED−60.9K6.8K−$9M$985,000
KEYSKEYSIGHT TECHNOLOGIES INCADDED+30.9K80.4K+$2M$11M
HSICSCHEIN HENRY INCADDED+61.7K171.6K+$4M$13M
TFXTELEFLEX INCORPORATEDADDED+9.2K28.2K+$950,000$6M
FMCFMC CORPADDED+57.9K182.2K−$771,000$12M
CASYCASEYS GEN STORES INCTRIMMED−24.2K30.1K−$5M$8M
ETNEATON CORP PLC SHSTRIMMED−19.2K36.3K−$3M$8M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LEGLEGGETT & PLATT INChistory →COM4.50%$20M803.1K
2WHITE MOUNT INS GRP LTDCOM4.26%$19M12.9K
3MTBM & T BANK CORPhistory →COM4.10%$19M147.0K
4STESTERIS PLC SHS USDhistory →COM3.79%$17M78.3K
5GNTXGENTEX CORPhistory →COM3.69%$17M514.2K
6ORLYO REILLY AUTOMOTIVE INChistory →COM3.64%$17M18.2K
7RPMRPM INTL INChistory →COM3.63%$16M173.9K
8ZBHZIMMER HLDGS INChistory →COM3.44%$16M139.1K
9ARWARROW ELECTRS INChistory →COM3.18%$14M115.2K
10MASONITE INTL CORP NEWCOM3.10%$14M151.0K
11DVADAVITA HEALTHCARE PARTNERShistory →COM3.10%$14M148.7K
12DVNDEVON ENERGY CORP NEWhistory →COM3.03%$14M288.3K
13NTRSNORTHERN TRUST CORPhistory →COM2.92%$13M190.6K
14LABORATORY CORP AMER HLDGSCOM2.83%$13M63.9K
15WABWABTEC CORPhistory →COM2.82%$13M120.5K
16HSICSCHEIN HENRY INChistory →COM2.81%$13M171.6K
17WRBBERKLEY W R CORPhistory →COM2.74%$12M195.9K
18MWAMUELLER WTR PRODS INChistory →COM2.73%$12M977.5K
19SONSONOCO PRODUCTShistory →COM2.70%$12M225.0K
20FMCFMC CORPhistory →COM2.69%$12M182.2K
21MHKMOHAWK INDS INChistory →COM2.43%$11M128.4K
22CHRWC H ROBINSON WORLDWIDE INChistory →COM2.41%$11M126.9K
23MCYMERCURY GEN CORP NEWhistory →COM2.37%$11M383.7K
24TSCOTRACTOR SUPPLY COhistory →COM2.35%$11M52.6K
25KEYSKEYSIGHT TECHNOLOGIES INChistory →COM2.34%$11M80.4K
26IEXIDEX CORPhistory →COM2.25%$10M49.2K
27ATRAPTARGROUP INChistory →COM2.23%$10M80.8K
28BROBROWN & BROWN INChistory →COM2.13%$10M138.1K
29SJMSMUCKER J M COhistory →COM1.95%$9M72.1K
30CABOCABLE ONE INChistory →COM1.88%$9M13.9K
31WERNWERNER ENTERPRISES INChistory →COM1.82%$8M212.3K
32CASYCASEYS GEN STORES INChistory →COM1.80%$8M30.1K
33CBSHCOMMERCE BANCSHARES INChistory →COM1.79%$8M169.5K
34WSMWILLIAMS SONOMA INChistory →COM1.79%$8M52.3K
35ETNEATON CORP PLC SHShistory →COM1.71%$8M36.3K
36HXLHEXCEL CORP NEWhistory →COM1.50%$7M104.7K
37TFXTELEFLEX INCORPORATEDhistory →COM1.22%$6M28.2K
38NSITINSIGHT ENTERPRISES INCCOM0.22%$985,0006.8K
39PGRPROGRESSIVE CORP OHIOCOM0.08%$350,0002.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$439M38Apr 29, 202613F-HRchanges · EDGAR ↗
Q4 2025$462M42Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$500M44Nov 20, 202513F-HRchanges · EDGAR ↗
Q2 2025$491M43Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$486M42May 1, 202513F-HRchanges · EDGAR ↗
Q4 2024$507M41Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$541M42Nov 5, 202413F-HRchanges · EDGAR ↗
Q2 2024$489M42Jul 29, 202413F-HRchanges · EDGAR ↗
Q1 2024$517M43Apr 23, 202413F-HRchanges · EDGAR ↗
Q4 2023$488M41Feb 23, 202413F-HRchanges · EDGAR ↗
Q3 2023$454M39Nov 20, 202313F-HRchanges · EDGAR ↗
Q2 2023$489M39Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$475M38May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022$466M37Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$438M38Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$424M38Jul 28, 202213F-HRchanges · EDGAR ↗
Q1 2022$467M39May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$523M47Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$478M48Oct 28, 202113F-HRchanges · EDGAR ↗
Q2 2021$479M47Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$475M48May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$421M46Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$378M46Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$347M46Aug 3, 202013F-HRchanges · EDGAR ↗
Q1 2020$290M44May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$386M41Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$374M40Oct 22, 201913F-HRchanges · EDGAR ↗
Q2 2019$376M42Jul 30, 201913F-HRchanges · EDGAR ↗
Q1 2019$364M40Apr 24, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.