SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Fruth Investment Management

CIK 0001416856 · 820 GESSNER, SUITE 1640, HOUSTON, TX, 77024 · 713-464-2283

Reported Value
$264M
Q4 2019
Positions
204
Filings on Record
30
2019–present window
Filed
Jan 10, 2020
original filing

Summary

Fruth Investment Management reported $264M in U.S.-listed holdings across 204 positions for Q4 2019.

Its largest position, SBUX, represents 2.9% of the portfolio.

Compared with Q3 2019, the fund opened 12 new positions and exited 3.

Portfolio Metrics

Turnover
+2.5%
vs prior filed quarter
Top-10 Concentration
+22.0%
share of reported value
Largest Position
+2.9%
Starbucks
New / Exited
12 / 3
positions this quarter

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
Q4 ’18: $212MQ4 ’18Q1 ’19: $239MQ2 ’19: $250MQ3 ’19: $249MQ4 ’19: $264MQ4 ’19Q1 ’20: $195MQ2 ’20: $237MQ3 ’20: $250MQ4 ’20: $287MQ4 ’20Q1 ’21: $319MQ2 ’21: $335MQ3 ’21: $325MQ4 ’21: $365MQ4 ’21Q1 ’22: $362MQ2 ’22: $365MQ3 ’22: $301MQ4 ’22: $341MQ4 ’22Q1 ’23: $346MQ2 ’23: $352MQ3 ’23: $337MQ4 ’23: $357MQ4 ’23Q1 ’24: $390MQ2 ’24: $368MQ3 ’24: $385MQ4 ’24: $363MQ4 ’24Q2 ’25: $368MQ3 ’25: $369MQ4 ’25: $371MQ1 ’26: $401MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 91.3%Other: 8.1%ADR: 0.5%Royalty Trst: 0.1%
  • Common Stock · 91.3% · $241M
  • Other · 8.1% · $21M
  • ADR · 0.5% · $1M
  • Royalty Trst · 0.1% · $258,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KNKNOWLES CORP COMNEW+19.3K19.3K+$408,000$408,000
MMACYS INC.NEW+16.4K16.4K+$279,000$279,000
CMCCOMMERCIAL METALS CONEW+11.0K11.0K+$244,000$244,000
MATXMATSON INC COMNEW+5.8K5.8K+$236,000$236,000
HALHALLIBURTON COMPANYNEW+9.3K9.3K+$228,000$228,000
PIONEER NATURAL RES CONEW+1.4K1.4K+$211,000$211,000
PAYXPAYCHEX INCNEW+2.5K2.5K+$210,000$210,000
RLRALPH LAUREN CORP.NEW+1.8K1.8K+$210,000$210,000

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

Holdings — Q4 2019

204 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SBUXSTARBUCKS CORPhistory →COM2.91%$8M87.2K
2MAMASTERCARD INChistory →COM2.83%$7M25.0K
3GWWGRAINGER WW INChistory →COM2.76%$7M21.5K
4LINDE PLC COMCOM2.56%$7M31.7K
5APDAIR PRODUCTS & CHEMICALShistory →COM2.11%$6M23.7K
6HSYHERSHEY FOODS CORPhistory →COM1.92%$5M34.4K
7ADPAUTO DATA PROCESSINGhistory →COM1.88%$5M29.1K
8EXMOCEXXON MOBIL CORPhistory →COM1.77%$5M66.9K
9PEPPEPSICO INCORPORATEDhistory →COM1.67%$4M32.2K
10TXNTEXAS INSTRUMENTS INChistory →COM1.66%$4M34.1K
11CVXCHEVRONTEXACO CORPhistory →COM1.63%$4M35.6K
12SYYSYSCO CORP.history →COM1.60%$4M49.4K
13JNJJOHNSON & JOHNSONhistory →COM1.54%$4M27.8K
14AAGILENT TECHNOLOGIEShistory →COM1.53%$4M47.5K
15MSFTMICROSOFT CORPhistory →COM1.51%$4M25.3K
16TSCOTRACTOR SUPPLY COMPANYhistory →COM1.42%$4M40.2K
17DISDISNEY WALT HOLDING COhistory →COM1.39%$4M25.3K
18EMREMERSON ELECTRIChistory →COM1.38%$4M47.8K
19MKCMC CORMICK & CO NEW VThistory →COM1.37%$4M21.3K
20BF/BBROWN FORMAN CORP CL Bhistory →COM1.36%$4M53.3K
21BRBROADRIDGE FINANCIALhistory →COM1.26%$3M26.9K
22IFFINTL FLAVOR & FRAGRANCEShistory →COM1.25%$3M25.6K
23UNPUNION PACIFIC CORPhistory →COM1.24%$3M18.2K
24AAPLAPPLE, INChistory →COM1.21%$3M10.9K
25INGERSOLL-RAND COMPANYCOM1.17%$3M23.2K
26ABTABBOTT LABORATORIEShistory →COM1.15%$3M35.0K
27FISFIDELITY NATL INFO SVCShistory →COM1.15%$3M21.7K
28KMBKIMBERLY-CLARK CORPhistory →COM1.14%$3M22.0K
29ELLAUDER ESTEE CORP CL Ahistory →COM1.09%$3M14.0K
30SONSONOCO PRODUCTS INChistory →COM1.03%$3M43.9K
31ABBVABBVIE INC COMhistory →COM1.02%$3M30.6K
32DOWDOW CHEMICALCOM0.98%$3M47.4K
33KEYSKEYSIGHT TECHNOLOGIES INC COMCOM0.97%$3M24.9K
34GRCGORMAN-RUPP CO COMCOM0.94%$2M66.1K
35WESTROCK CO COMCOM0.83%$2M50.8K
36CPKCHESAPEAKE UTIL CORPCOM0.82%$2M22.7K
37DRIDARDEN RESTURANTS INCCOM0.80%$2M19.5K
38MIDDMIDDLEBY CORP THECOM0.80%$2M19.3K
39STERIS PLCCOM0.75%$2M13.0K
40NSCNORFOLK SOUTHERN CORPCOM0.73%$2M10.0K
41CTASCINTAS CORPCOM0.73%$2M7.2K
42DEDEERE & COCOM0.72%$2M10.9K
43MSAMINE SAFTEY APPLIANCE COCOM0.71%$2M14.8K
44EATON CORPORATIONCOM0.70%$2M19.5K
45CASYCASEYS GENERAL STORES INCCOM0.70%$2M11.6K
46KEXKIRBY CORPCOM0.70%$2M20.5K
47HDHOME DEPOT INCCOM0.67%$2M8.1K
48KOCOCA-COLA COMPANYCOM0.67%$2M31.9K
49AINALBANY INT'L CORP.COM0.67%$2M23.2K
50COSTCOSTCO WHOLSALE CORP NEWCOM0.67%$2M6.0K
51VLOVALERO ENERGYCOM0.67%$2M18.8K
52HONHONEYWELL INC.COM0.66%$2M9.8K
53BUNGECOM0.62%$2M28.4K
54MMM3M COMPANYCOM0.61%$2M9.1K
55GISGENERAL MILLS INCCOM0.59%$2M29.1K
56PHPARKER-HANNIFIN CORPCOM0.59%$2M7.5K
57ADIANALOG DEVICES INCCOM0.59%$2M13.1K
58AITAPPLIED INDL. TECH.COM0.58%$2M23.0K
59CECELANESE CORP.COM0.58%$2M12.4K
60AXPAMERICAN EXPRESS CO.COM0.57%$2M12.1K
61PSXPHILLIPS 66 COMCOM0.57%$1M13.5K
62AVTAVNET INCCOM0.55%$1M34.3K
63ASIXADVANSIX INC COMCOM0.55%$1M72.6K
64LOWLOWES COMPANIES INCCOM0.54%$1M11.8K
65OKEONEOK, INCCOM0.53%$1M18.6K
66NTRSNORTHERN TRUST CORPCOM0.53%$1M13.1K
67NPEURNEENAH PAPER INCCOM0.52%$1M19.5K
68ATOATMOS ENERGY CORPCOM0.52%$1M12.2K
69TKRTIMKEN COMPANYCOM0.51%$1M24.1K
70NEMNEWMONT GOLDCORPCOM0.49%$1M30.0K
71MURMURPHY OIL CORPCOM0.49%$1M48.4K
72AMATAPPLIED MATERIALS INCCOM0.49%$1M21.1K
73CATCATERPILLAR INCCOM0.47%$1M8.4K
74MPCMARATHON PETE CORP COMCOM0.47%$1M20.4K
75OLNOLIN CORP NEWCOM0.45%$1M68.3K
76BMYBRISTOL MYERS SQUIBB COCOM0.44%$1M18.0K
77SWKSTANLEY BLACK & DECKER INC.COM0.43%$1M6.9K
78FELEFRANKLIN ELEC CO INCCOM0.43%$1M19.8K
79SLBSCHLUMBERGER LTD FCOM0.43%$1M28.2K
80METMETLIFE INCCOM0.42%$1M22.0K
81UTXZUNITED TECHNOLOGIES CORPCOM0.41%$1M7.3K
82GTGOODYEAR TIRE & RUBBERCOM0.41%$1M70.1K
83SYKSTRYKER CORPCOM0.41%$1M5.2K
84CHUBB CORPORATIONCOM0.41%$1M6.9K
85DOVDOVER CORPORATIONCOM0.40%$1M9.2K
86COPCONOCOPHILLIPSCOM0.40%$1M16.1K
87SRSPIRECOM0.39%$1M12.4K
88DDOMINION RESOURCES INC.COM0.39%$1M12.5K
89VZVERIZON COMMCOM0.38%$1M16.5K
90MUSAMURPHY USA INC.COM0.38%$1M8.6K
91DU PONT E I DE NEMOUR&COCOM0.37%$976,00015.2K
92ALLEALLEGION PUBLIC LTD. CO.COM0.35%$926,0007.4K
93MRKMERCK & CO INCCOM0.34%$901,0009.9K
94CALAVO GROWERS INCCOM0.33%$860,0009.5K
95NGVTINGEVITY CORP COMCOM0.31%$820,0009.4K
96ENBENBRIDGE INC.COM0.31%$805,00020.3K
97MARATHON OIL CO.COM0.30%$790,00058.2K
98DUKE ENERGY CORPORATIONCOM0.29%$762,0008.4K
99MKLMARKEL CORP.COM0.29%$754,000660
100OWENS ILLINOIS INC NEWCOM0.28%$743,00062.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$401M229Apr 21, 202613F-HRchanges · EDGAR ↗
Q4 2025$371M220Jan 26, 202613F-HRchanges · EDGAR ↗
Q3 2025$369M215Oct 17, 202513F-HRchanges · EDGAR ↗
Q2 2025$368M217Jul 11, 202513F-HRchanges · EDGAR ↗
Q4 2024$363M216Jan 27, 202513F-HRchanges · EDGAR ↗
Q3 2024$385M219Oct 11, 202413F-HRchanges · EDGAR ↗
Q2 2024$368M217Jul 18, 202413F-HRchanges · EDGAR ↗
Q1 2024$390M222Apr 19, 202413F-HRchanges · EDGAR ↗
Q4 2023$357M223Jan 18, 202413F-HRchanges · EDGAR ↗
Q3 2023$337M218Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$352M218Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023$346M221Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$341M225Jan 17, 202313F-HRchanges · EDGAR ↗
Q3 2022$301M221Oct 13, 202213F-HRchanges · EDGAR ↗
Q2 2022$365M234Jul 19, 202213F-HRchanges · EDGAR ↗
Q1 2022$362M234Apr 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$365M238Jan 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$325M229Oct 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$335M233Jul 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$319M228Apr 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$287M213Jan 13, 202113F-HRchanges · EDGAR ↗
Q3 2020$250M196Oct 7, 202013F-HRchanges · EDGAR ↗
Q2 2020$237M199Jul 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$195M185Apr 29, 202013F-HRchanges · EDGAR ↗
Q4 2019$264M204Jan 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$249M195Oct 9, 201913F-HRchanges · EDGAR ↗
Q2 2019$250M201Jul 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$239M197Apr 16, 201913F-HRchanges · EDGAR ↗
Q4 2018$212M186Jan 16, 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 ↗.