SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Fruth Investment Management

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

Reported Value
$365M
Q4 2021
Positions
238
Filings on Record
30
2019–present window
Filed
Jan 14, 2022
original filing

Summary

Fruth Investment Management reported $365M in U.S.-listed holdings across 238 positions for Q4 2021.

Its largest position, GWW, represents 2.8% of the portfolio.

Compared with Q3 2021, the fund opened 17 new positions and exited 8.

Portfolio Metrics

Turnover
+1.6%
vs prior filed quarter
Top-10 Concentration
+22.7%
share of reported value
Largest Position
+2.8%
Grainger Ww
New / Exited
17 / 8
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: 91.7%Other: 7.3%ADR: 0.4%ETP: 0.2%Royalty Trst: 0.2%Other: 0.3%
  • Common Stock · 91.7% · $334M
  • Other · 7.3% · $27M
  • ADR · 0.4% · $1M
  • ETP · 0.2% · $899,000
  • Royalty Trst · 0.2% · $604,000
  • Other · 0.3% · $993,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CANADIAN PAC LTD NEWNEW+16.7K16.7K+$1M$1M
FNVFRANCO NEVADA CORP.NEW+6.6K6.6K+$909,000$909,000
SCHPSCHWAB US TIPS ETFNEW+14.3K14.3K+$899,000$899,000
KMIKINDER MORGAN INCNEW+31.0K31.0K+$491,000$491,000
KIMKIMCO REALTY CORPNEW+12.1K12.1K+$297,000$297,000
ITWILLINOIS TOOL WORKSNEW+1.1K1.1K+$271,000$271,000
CLCOLGATE-PALMOLIVE CONEW+2.7K2.7K+$230,000$230,000
CMECME GROUP INC COMNEW+1.0K1.0K+$230,000$230,000

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

Holdings — Q4 2021

238 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GWWGRAINGER WW INChistory →COM2.83%$10M19.9K
2LINDE PLC COMCOM2.83%$10M29.8K
3SBUXSTARBUCKS CORPhistory →COM2.71%$10M84.5K
4TSCOTRACTOR SUPPLY COMPANYhistory →COM2.49%$9M38.0K
5MAMASTERCARD INChistory →COM2.21%$8M22.5K
6MSFTMICROSOFT CORPhistory →COM2.10%$8M22.8K
7AAGILENT TECHNOLOGIEShistory →COM1.98%$7M45.2K
8ADPAUTO DATA PROCESSINGhistory →COM1.91%$7M28.3K
9APDAIR PRODUCTS & CHEMICALShistory →COM1.83%$7M22.0K
10AAPLAPPLE, INChistory →COM1.78%$7M36.6K
11HSYHERSHEY FOODS CORPhistory →COM1.69%$6M31.9K
12TXNTEXAS INSTRUMENTS INChistory →COM1.52%$6M29.5K
13CVXCHEVRONTEXACO CORPhistory →COM1.51%$6M47.0K
14EXMOCEXXON MOBIL CORPhistory →COM1.45%$5M86.4K
15PEPPEPSICO INCORPORATEDhistory →COM1.40%$5M29.5K
16KEYSKEYSIGHT TECHNOLOGIES INC COMhistory →COM1.40%$5M24.7K
17ELLAUDER ESTEE CORP CL Ahistory →COM1.35%$5M13.3K
18ABTABBOTT LABORATORIEShistory →COM1.30%$5M33.7K
19OLNOLIN CORP NEWhistory →COM1.25%$5M79.3K
20TTTRANE TECHNOLOGIES PLChistory →COM1.24%$5M22.4K
21DEDEERE & COhistory →COM1.23%$4M13.1K
22JNJJOHNSON & JOHNSONhistory →COM1.22%$4M26.0K
23UNPUNION PACIFIC CORPhistory →COM1.20%$4M17.4K
24EMREMERSON ELECTRIChistory →COM1.11%$4M43.6K
25MKCMC CORMICK & CO NEW VThistory →COM1.11%$4M41.8K
26BRBROADRIDGE FINANCIALhistory →COM1.08%$4M21.6K
27ABBVABBVIE INC COMhistory →COM1.06%$4M28.6K
28DISDISNEY WALT HOLDING COhistory →COM1.06%$4M24.9K
29HDHOME DEPOT INChistory →COM1.02%$4M9.0K
30BF/BBROWN FORMAN CORP CL Bhistory →COM1.00%$4M50.1K
31MIDDMIDDLEBY CORP THECOM1.00%$4M18.4K
32SYYSYSCO CORP.COM0.95%$3M44.3K
33IFFINTL FLAVOR & FRAGRANCESCOM0.95%$3M23.0K
34AMATAPPLIED MATERIALS INCCOM0.90%$3M20.8K
35ASIXADVANSIX INC COMCOM0.89%$3M69.1K
36EATON CORPORATIONCOM0.87%$3M18.4K
37KMBKIMBERLY-CLARK CORPCOM0.87%$3M22.2K
38COSTCOSTCO WHOLSALE CORP NEWCOM0.86%$3M5.5K
39STERIS PLCCOM0.85%$3M12.8K
40GRCGORMAN-RUPP CO COMCOM0.83%$3M68.0K
41CPKCHESAPEAKE UTIL CORPCOM0.83%$3M20.7K
42DOWDOW CHEMICALCOM0.77%$3M49.5K
43NSCNORFOLK SOUTHERN CORPCOM0.75%$3M9.2K
44DRIDARDEN RESTURANTS INCCOM0.73%$3M17.7K
45LOWLOWES COMPANIES INCCOM0.73%$3M10.3K
46BUNGECOM0.73%$3M28.5K
47CTASCINTAS CORPCOM0.71%$3M5.9K
48SONSONOCO PRODUCTS INCCOM0.66%$2M41.5K
49ADIANALOG DEVICES INCCOM0.63%$2M13.0K
50AITAPPLIED INDL. TECH.COM0.61%$2M21.7K
51PHPARKER-HANNIFIN CORPCOM0.61%$2M7.0K
52WESTROCK CO COMCOM0.59%$2M48.8K
53HONHONEYWELL INC.COM0.59%$2M10.3K
54CASYCASEYS GENERAL STORES INCCOM0.57%$2M10.6K
55CECELANESE CORP.COM0.57%$2M12.3K
56MSAMINE SAFTEY APPLIANCE COCOM0.57%$2M13.7K
57FISFIDELITY NATL INFO SVCSCOM0.57%$2M18.9K
58KOCOCA-COLA COMPANYCOM0.54%$2M33.1K
59AXPAMERICAN EXPRESS CO.COM0.54%$2M12.0K
60AINALBANY INT'L CORP.COM0.54%$2M22.1K
61GISGENERAL MILLS INCCOM0.51%$2M27.5K
62NEMNEWMONT GOLDCORPCOM0.50%$2M29.5K
63FELEFRANKLIN ELEC CO INCCOM0.48%$2M18.4K
64PFEPFIZER INCCOM0.47%$2M29.3K
65CATCATERPILLAR INCCOM0.46%$2M8.1K
66MURMURPHY OIL CORPCOM0.46%$2M64.3K
67TKRTIMKEN COMPANYCOM0.45%$2M23.5K
68MUSAMURPHY USA INC.COM0.44%$2M8.0K
69GTGOODYEAR TIRE & RUBBERCOM0.44%$2M75.1K
70DU PONT E I DE NEMOUR&COCOM0.42%$2M19.2K
71NTRSNORTHERN TRUST CORPCOM0.41%$1M12.4K
72DOVDOVER CORPORATIONCOM0.40%$1M8.1K
73KEXKIRBY CORPCOM0.40%$1M24.7K
74CHUBB CORPORATIONCOM0.39%$1M7.4K
75MMM3M COMPANYCOM0.39%$1M8.0K
76SYKSTRYKER CORPCOM0.38%$1M5.2K
77NGVTINGEVITY CORP COMCOM0.38%$1M19.2K
78VLOVALERO ENERGYCOM0.36%$1M17.5K
79SCHWTHE CHARLES SCHWAB CORPCOM0.36%$1M15.4K
80OKEONEOK, INCCOM0.35%$1M21.8K
81MPCMARATHON PETE CORP COMCOM0.35%$1M19.9K
82NTRNUTRIEN LTD CO COMCOM0.34%$1M16.6K
83INGERSOLL-RAND COMPANYCOM0.34%$1M19.9K
84ATOATMOS ENERGY CORPCOM0.33%$1M11.7K
85SWKSTANLEY BLACK & DECKER INC.COM0.33%$1M6.5K
86METMETLIFE INCCOM0.33%$1M19.4K
87CTVACORTEVA INC COMCOM0.33%$1M25.5K
88CANADIAN PAC LTD NEWCOM0.33%$1M16.7K
89AVTAVNET INCCOM0.33%$1M29.0K
90CLFCLEVELAND-CLIFFS, INC.COM0.32%$1M54.1K
91SHWSHERWIN WILLIAMS COCOM0.32%$1M3.3K
92ENBENBRIDGE INC.COM0.31%$1M29.3K
93CMACOMERICA INC.COM0.31%$1M13.1K
94OGNORGANON & CO.COM0.31%$1M37.1K
95CSXCSX CORPCOM0.31%$1M29.7K
96SLBSCHLUMBERGER LTD FCOM0.31%$1M37.2K
97COPCONOCOPHILLIPSCOM0.29%$1M14.8K
98BMYBRISTOL MYERS SQUIBB COCOM0.29%$1M16.8K
99ALLEALLEGION PUBLIC LTD. CO.COM0.28%$1M7.8K
100MARATHON OIL CO.COM0.27%$970,00059.1K

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 ↗.