SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Fruth Investment Management

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

Reported Value
$362M
Q1 2022
Positions
234
Filings on Record
30
2019–present window
Filed
Apr 12, 2022
original filing

Summary

Fruth Investment Management reported $362M in U.S.-listed holdings across 234 positions for Q1 2022.

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

Compared with Q4 2021, the fund opened 8 new positions and exited 12.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+21.9%
share of reported value
Largest Position
+2.8%
Grainger Ww
New / Exited
8 / 12
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: 7.0%ADR: 0.5%ETP: 0.3%Royalty Trst: 0.2%Other: 0.2%
  • Common Stock · 91.7% · $332M
  • Other · 7.0% · $25M
  • ADR · 0.5% · $2M
  • ETP · 0.3% · $1M
  • Royalty Trst · 0.2% · $869,000
  • Other · 0.2% · $816,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SHELSHELL PLC.NEW+9.6K9.6K+$525,000$525,000
DINOHF SINCLAIR CORP.NEW+8.8K8.8K+$350,000$350,000
APAAPACHE CORPNEW+6.3K6.3K+$260,000$260,000
BKRBAKER HUGHES CO.NEW+7.0K7.0K+$254,000$254,000
VTIVANGUARD TOTAL STK MKT TSTNEW+1.0K1.0K+$232,000$232,000
DVNDEVON ENERGY CP NEWNEW+3.7K3.7K+$218,000$218,000
PAASPAN AMERICAN SILVERNEW+7.5K7.5K+$204,000$204,000
ABALLIANCEBERNSTEIN HLDG LPNEW+2.5K2.5K+$116,000$116,000

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

Holdings — Q1 2022

234 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GWWGRAINGER WW INChistory →COM2.84%$10M19.9K
2LINDE PLC COMCOM2.64%$10M29.8K
3TSCOTRACTOR SUPPLY COMPANYhistory →COM2.44%$9M37.8K
4MAMASTERCARD INChistory →COM2.20%$8M22.2K
5SBUXSTARBUCKS CORPhistory →COM2.12%$8M84.3K
6CVXCHEVRONTEXACO CORPhistory →COM2.11%$8M47.0K
7EXMOCEXXON MOBIL CORPhistory →COM1.97%$7M86.4K
8MSFTMICROSOFT CORPhistory →COM1.94%$7M22.8K
9HSYHERSHEY FOODS CORPhistory →COM1.91%$7M31.9K
10ADPAUTO DATA PROCESSINGhistory →COM1.78%$6M28.3K
11AAPLAPPLE, INChistory →COM1.76%$6M36.4K
12AAGILENT TECHNOLOGIEShistory →COM1.65%$6M45.0K
13APDAIR PRODUCTS & CHEMICALShistory →COM1.52%$5M22.0K
14DEDEERE & COhistory →COM1.51%$5M13.1K
15TXNTEXAS INSTRUMENTS INChistory →COM1.48%$5M29.2K
16PEPPEPSICO INCORPORATEDhistory →COM1.36%$5M29.5K
17UNPUNION PACIFIC CORPhistory →COM1.30%$5M17.3K
18ABBVABBVIE INC COMhistory →COM1.28%$5M28.5K
19JNJJOHNSON & JOHNSONhistory →COM1.27%$5M26.0K
20EMREMERSON ELECTRIChistory →COM1.18%$4M43.5K
21MKCMC CORMICK & CO NEW VThistory →COM1.15%$4M41.8K
22OLNOLIN CORP NEWhistory →COM1.15%$4M79.3K
23ABTABBOTT LABORATORIEShistory →COM1.10%$4M33.6K
24KEYSKEYSIGHT TECHNOLOGIES INC COMhistory →COM1.08%$4M24.6K
25SYYSYSCO CORP.history →COM1.00%$4M44.4K
26ELLAUDER ESTEE CORP CL ACOM0.99%$4M13.2K
27ASIXADVANSIX INC COMCOM0.97%$4M68.8K
28DISDISNEY WALT HOLDING COCOM0.94%$3M24.9K
29TTTRANE TECHNOLOGIES PLCCOM0.94%$3M22.3K
30BF/BBROWN FORMAN CORP CL BCOM0.93%$3M50.2K
31DOWDOW CHEMICALCOM0.88%$3M50.2K
32BRBROADRIDGE FINANCIALCOM0.88%$3M20.5K
33BUNGECOM0.87%$3M28.5K
34COSTCOSTCO WHOLSALE CORP NEWCOM0.86%$3M5.4K
35STERIS PLCCOM0.85%$3M12.8K
36MIDDMIDDLEBY CORP THECOM0.84%$3M18.4K
37IFFINTL FLAVOR & FRAGRANCESCOM0.83%$3M22.9K
38CPKCHESAPEAKE UTIL CORPCOM0.79%$3M20.7K
39EATON CORPORATIONCOM0.77%$3M18.4K
40KMBKIMBERLY-CLARK CORPCOM0.76%$3M22.3K
41AMATAPPLIED MATERIALS INCCOM0.76%$3M20.8K
42HDHOME DEPOT INCCOM0.74%$3M9.0K
43NSCNORFOLK SOUTHERN CORPCOM0.72%$3M9.2K
44MURMURPHY OIL CORPCOM0.72%$3M64.2K
45SONSONOCO PRODUCTS INCCOM0.71%$3M41.4K
46GRCGORMAN-RUPP CO COMCOM0.69%$2M69.4K
47NEMNEWMONT GOLDCORPCOM0.67%$2M30.7K
48CTASCINTAS CORPCOM0.66%$2M5.6K
49DRIDARDEN RESTURANTS INCCOM0.65%$2M17.6K
50WESTROCK CO COMCOM0.63%$2M48.6K
51AXPAMERICAN EXPRESS CO.COM0.62%$2M11.9K
52AITAPPLIED INDL. TECH.COM0.61%$2M21.7K
53ADIANALOG DEVICES INCCOM0.59%$2M13.0K
54CASYCASEYS GENERAL STORES INCCOM0.58%$2M10.6K
55LOWLOWES COMPANIES INCCOM0.58%$2M10.3K
56KOCOCA-COLA COMPANYCOM0.57%$2M33.1K
57HONHONEYWELL INC.COM0.56%$2M10.4K
58PHPARKER-HANNIFIN CORPCOM0.55%$2M7.0K
59FISFIDELITY NATL INFO SVCSCOM0.52%$2M18.9K
60AINALBANY INT'L CORP.COM0.52%$2M22.1K
61GISGENERAL MILLS INCCOM0.51%$2M27.4K
62VLOVALERO ENERGYCOM0.51%$2M18.0K
63MSAMINE SAFTEY APPLIANCE COCOM0.50%$2M13.7K
64CATCATERPILLAR INCCOM0.50%$2M8.1K
65MPCMARATHON PETE CORP COMCOM0.50%$2M21.0K
66KEXKIRBY CORPCOM0.49%$2M24.7K
67CLFCLEVELAND-CLIFFS, INC.COM0.49%$2M55.0K
68CECELANESE CORP.COM0.49%$2M12.3K
69MRKMERCK & CO INCCOM0.49%$2M21.4K
70NTRNUTRIEN LTD CO COMCOM0.48%$2M16.6K
71MUSAMURPHY USA INC.COM0.44%$2M8.0K
72CHUBB CORPORATIONCOM0.44%$2M7.4K
73OKEONEOK, INCCOM0.43%$2M21.8K
74CTVACORTEVA INC COMCOM0.42%$2M26.6K
75SLBSCHLUMBERGER LTD FCOM0.42%$2M37.0K
76FELEFRANKLIN ELEC CO INCCOM0.42%$2M18.4K
77PFEPFIZER INCCOM0.42%$2M29.3K
78MARATHON OIL CO.COM0.41%$1M59.1K
79COPCONOCOPHILLIPSCOM0.41%$1M14.7K
80TKRTIMKEN COMPANYCOM0.39%$1M23.5K
81DU PONT E I DE NEMOUR&COCOM0.39%$1M19.2K
82NTRSNORTHERN TRUST CORPCOM0.39%$1M12.1K
83ATOATMOS ENERGY CORPCOM0.38%$1M11.7K
84CANADIAN PAC LTD NEWCOM0.38%$1M16.7K
85SYKSTRYKER CORPCOM0.38%$1M5.2K
86METMETLIFE INCCOM0.38%$1M19.4K
87ENBENBRIDGE INC.COM0.37%$1M29.2K
88SCHWTHE CHARLES SCHWAB CORPCOM0.36%$1M15.4K
89OGNORGANON & CO.COM0.36%$1M37.1K
90AVTAVNET INCCOM0.35%$1M31.6K
91DOVDOVER CORPORATIONCOM0.35%$1M8.1K
92US STEEL CORP.COM0.35%$1M33.4K
93NGVTINGEVITY CORP COMCOM0.34%$1M19.1K
94BMYBRISTOL MYERS SQUIBB COCOM0.34%$1M16.8K
95MTUSTIMKENSTEEL CORP COMCOM0.33%$1M55.1K
96CMACOMERICA INC.COM0.33%$1M13.1K
97MMM3M COMPANYCOM0.33%$1M7.9K
98PSXPHILLIPS 66 COMCOM0.31%$1M13.0K
99MOSMOSAIC CO NEWCOM0.31%$1M16.9K
100CSXCSX CORPCOM0.31%$1M29.7K

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 ↗.