SEC 13F Intelligence

Managers / Q2 2025 · view latest →

SPEECE THORSON CAPITAL GROUP INC

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

Reported Value
$491M
Q2 2025
Positions
43
Filings on Record
29
Filed
Aug 5, 2025
original filing

Summary

Speece Thorson Capital Group Inc reported $491M in U.S.-listed holdings across 43 positions for Q2 2025.

Its largest position, White Mount Ins, represents 4.2% of the portfolio.

Compared with Q1 2025, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+7.8%
vs prior filed quarter
Top-10 Concentration
+36.3%
share of reported value
Largest Position
+4.2%
White Mount Ins

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: 95.8%Other: 4.2%
  • Common Stock · 95.8% · $471M
  • Other · 4.2% · $20M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AZZAZZ INCNEW+83.7K83.7K+$8M$8M
ORLYO REILLY AUTOMOTIVE INCADDED+147.6K157.9K−$580,000$14M
WERNWERNER ENTERPRISES INCTRIMMED−278.7K14.6K−$8M$398,000
LEGLEGGETT & PLATT INCTRIMMED−221.7K27.1K−$2M$242,000
SONSONOCO PRODUCTSADDED+137.9K355.1K+$5M$15M
FMCFMC CORPTRIMMED−150.0K312.2K−$6M$13M
WRBBERKLEY W R CORPTRIMMED−70.2K154.9K−$5M$11M
CHRWC H ROBINSON WORLDWIDE INCTRIMMED−33.7K84.1K−$4M$8M

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

Holdings — Q2 2025

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WHITE MOUNT INS GRP LTDCOM4.16%$20M11.4K
2ARWARROW ELECTRS INChistory →COM4.03%$20M155.4K
3HXLHEXCEL CORP NEWhistory →COM3.84%$19M333.5K
4RPMRPM INTL INChistory →COM3.78%$19M168.8K
5MTBM & T BANK CORPhistory →COM3.76%$18M95.1K
6ZBHZIMMER HLDGS INChistory →COM3.75%$18M201.8K
7SJMSMUCKER J M COhistory →COM3.32%$16M166.2K
8WABWABTEC CORPhistory →COM3.30%$16M77.3K
9IEXIDEX CORPhistory →COM3.23%$16M90.5K
10SONSONOCO PRODUCTShistory →COM3.15%$15M355.1K
11NTRSNORTHERN TRUST CORPhistory →COM3.14%$15M121.6K
12GNTXGENTEX CORPhistory →COM3.12%$15M697.9K
13TTCTORO COhistory →COM3.04%$15M211.3K
14CBSHCOMMERCE BANCSHARES INChistory →COM2.99%$15M236.0K
15CASSCASS INFORMATION SYS INChistory →COM2.92%$14M330.0K
16ORLYO REILLY AUTOMOTIVE INChistory →COM2.90%$14M157.9K
17MWAMUELLER WTR PRODS INChistory →COM2.86%$14M583.8K
18DVADAVITA HEALTHCARE PARTNERShistory →COM2.74%$13M94.5K
19TSCOTRACTOR SUPPLY COhistory →COM2.74%$13M254.8K
20STESTERIS PLC SHS USDhistory →COM2.72%$13M55.6K
21KEYSKEYSIGHT TECHNOLOGIES INChistory →COM2.69%$13M80.6K
22FMCFMC CORPhistory →COM2.65%$13M312.2K
23ATRAPTARGROUP INChistory →COM2.63%$13M82.7K
24MSAMSA SAFETY INChistory →COM2.60%$13M76.2K
25LHLABORATORY CORP AMER HLDGShistory →COM2.59%$13M48.4K
26CASYCASEYS GEN STORES INChistory →COM2.43%$12M23.4K
27WRBBERKLEY W R CORPhistory →COM2.32%$11M154.9K
28TFXTELEFLEX INCORPORATEDhistory →COM2.17%$11M89.8K
29BROBROWN & BROWN INChistory →COM2.16%$11M95.9K
30DVNDEVON ENERGY CORP NEWhistory →COM2.12%$10M327.8K
31MHKMOHAWK INDS INChistory →COM2.10%$10M98.4K
32MGEEMGE ENERGY INChistory →COM2.02%$10M112.2K
33CHRWC H ROBINSON WORLDWIDE INChistory →COM1.64%$8M84.1K
34AZZAZZ INChistory →COM1.61%$8M83.7K
35REV GROUP INCCOM1.52%$7M157.3K
36WSMWILLIAMS SONOMA INCCOM0.30%$1M8.9K
37ETNEATON CORP PLC SHSCOM0.29%$1M3.9K
38MCYMERCURY GEN CORP NEWCOM0.20%$982,00014.6K
39NSITINSIGHT ENTERPRISES INCCOM0.18%$862,0006.2K
40HSICSCHEIN HENRY INCCOM0.09%$450,0006.2K
41WERNWERNER ENTERPRISES INCCOM0.08%$398,00014.6K
42PGRPROGRESSIVE CORP OHIOCOM0.08%$381,0001.4K
43LEGLEGGETT & PLATT INCCOM0.05%$242,00027.1K

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 ↗.