SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Fruth Investment Management

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

Reported Value
$301M
Q3 2022
Positions
221
Filings on Record
30
2019–present window
Filed
Oct 13, 2022
original filing

Summary

Fruth Investment Management reported $301M in U.S.-listed holdings across 221 positions for Q3 2022.

Its largest position, GWW, represents 3.2% of the portfolio.

Compared with Q2 2022, the fund opened 2 new positions and exited 15.

Portfolio Metrics

Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+23.5%
share of reported value
Largest Position
+3.2%
Grainger Ww
New / Exited
2 / 15
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: 92.0%Other: 6.8%ADR: 0.5%ETP: 0.3%Royalty Trst: 0.3%Other: 0.2%
  • Common Stock · 92.0% · $277M
  • Other · 6.8% · $20M
  • ADR · 0.5% · $2M
  • ETP · 0.3% · $923,000
  • Royalty Trst · 0.3% · $909,000
  • Other · 0.2% · $467,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MATVMATIV HLDGS. INC.NEW+26.3K26.3K+$580,000$580,000
ABALLIANCEBERNSTEIN HLDG LPNEW+2.5K2.5K+$87,000$87,000
NPEURNEENAH PAPER INCSOLD OUT−18.6K0−$740,000$0
CDKCDK GLOBAL HOLDINGS LLC COMSOLD OUT−7.6K0−$372,000$0
AAALCOA CORP.SOLD OUT−3.6K0−$328,000$0
JOEST JOE COMPANYSOLD OUT−4.6K0−$273,000$0
BKRBAKER HUGHES CO.SOLD OUT−7.0K0−$261,000$0
KIMKIMCO REALTY CORPSOLD OUT−10.1K0−$252,000$0

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

Holdings — Q3 2022

221 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GWWGRAINGER WW INChistory →COM3.23%$10M19.9K
2LINDE PLC COMCOM2.66%$8M29.8K
3EXMOCEXXON MOBIL CORPhistory →COM2.49%$7M85.9K
4SBUXSTARBUCKS CORPhistory →COM2.31%$7M82.8K
5HSYHERSHEY FOODS CORPhistory →COM2.31%$7M31.5K
6TSCOTRACTOR SUPPLY COMPANYhistory →COM2.29%$7M37.2K
7CVXCHEVRONTEXACO CORPhistory →COM2.24%$7M47.0K
8ADPAUTO DATA PROCESSINGhistory →COM2.10%$6M28.0K
9MAMASTERCARD INChistory →COM2.03%$6M21.5K
10AAGILENT TECHNOLOGIEShistory →COM1.80%$5M44.7K
11MSFTMICROSOFT CORPhistory →COM1.76%$5M22.8K
12APDAIR PRODUCTS & CHEMICALShistory →COM1.69%$5M21.9K
13AAPLAPPLE, INChistory →COM1.64%$5M35.7K
14PEPPEPSICO INCORPORATEDhistory →COM1.59%$5M29.4K
15TXNTEXAS INSTRUMENTS INChistory →COM1.50%$5M29.2K
16DEDEERE & COhistory →COM1.46%$4M13.2K
17JNJJOHNSON & JOHNSONhistory →COM1.40%$4M25.9K
18KEYSKEYSIGHT TECHNOLOGIES INC COMhistory →COM1.28%$4M24.5K
19OLNOLIN CORP NEWhistory →COM1.12%$3M78.9K
20UNPUNION PACIFIC CORPhistory →COM1.11%$3M17.1K
21BF/BBROWN FORMAN CORP CL Bhistory →COM1.09%$3M49.6K
22TTTRANE TECHNOLOGIES PLChistory →COM1.07%$3M22.3K
23ABTABBOTT LABORATORIEShistory →COM1.06%$3M33.1K
24EMREMERSON ELECTRIChistory →COM1.05%$3M43.2K
25SYYSYSCO CORP.history →COM1.04%$3M44.3K
26MKCMC CORMICK & CO NEW VTCOM0.99%$3M41.7K
27ELLAUDER ESTEE CORP CL ACOM0.94%$3M13.1K
28BRBROADRIDGE FINANCIALCOM0.90%$3M18.8K
29ABBVABBVIE INC COMCOM0.87%$3M19.6K
30COSTCOSTCO WHOLSALE CORP NEWCOM0.85%$3M5.4K
31KMBKIMBERLY-CLARK CORPCOM0.83%$3M22.3K
32HDHOME DEPOT INCCOM0.82%$2M8.9K
33EATON CORPORATIONCOM0.81%$2M18.4K
34CPKCHESAPEAKE UTIL CORPCOM0.79%$2M20.6K
35MIDDMIDDLEBY CORP THECOM0.78%$2M18.4K
36BUNGECOM0.78%$2M28.5K
37DISDISNEY WALT HOLDING COCOM0.78%$2M24.8K
38SONSONOCO PRODUCTS INCCOM0.78%$2M41.3K
39MURMURPHY OIL CORPCOM0.75%$2M64.2K
40AITAPPLIED INDL. TECH.COM0.74%$2M21.7K
41DRIDARDEN RESTURANTS INCCOM0.73%$2M17.5K
42DOWDOW CHEMICALCOM0.73%$2M50.2K
43MUSAMURPHY USA INC.COM0.73%$2M8.0K
44ASIXADVANSIX INC COMCOM0.73%$2M68.5K
45CASYCASEYS GENERAL STORES INCCOM0.71%$2M10.6K
46CTASCINTAS CORPCOM0.71%$2M5.5K
47STERIS PLCCOM0.70%$2M12.8K
48GISGENERAL MILLS INCCOM0.70%$2M27.4K
49MPCMARATHON PETE CORP COMCOM0.69%$2M21.0K
50IFFINTL FLAVOR & FRAGRANCESCOM0.69%$2M22.9K
51LOWLOWES COMPANIES INCCOM0.64%$2M10.3K
52VLOVALERO ENERGYCOM0.64%$2M18.0K
53NSCNORFOLK SOUTHERN CORPCOM0.64%$2M9.2K
54MRKMERCK & CO INCCOM0.61%$2M21.4K
55KOCOCA-COLA COMPANYCOM0.61%$2M32.9K
56ADIANALOG DEVICES INCCOM0.60%$2M13.0K
57AINALBANY INT'L CORP.COM0.58%$2M22.1K
58HONHONEYWELL INC.COM0.58%$2M10.4K
59AMATAPPLIED MATERIALS INCCOM0.56%$2M20.8K
60PHPARKER-HANNIFIN CORPCOM0.56%$2M7.0K
61GRCGORMAN-RUPP CO COMCOM0.56%$2M70.4K
62AXPAMERICAN EXPRESS CO.COM0.53%$2M11.8K
63COPCONOCOPHILLIPSCOM0.51%$2M14.9K
64CTVACORTEVA INC COMCOM0.50%$2M26.6K
65FELEFRANKLIN ELEC CO INCCOM0.50%$2M18.4K
66KEXKIRBY CORPCOM0.50%$2M24.7K
67WESTROCK CO COMCOM0.50%$1M48.5K
68MSAMINE SAFTEY APPLIANCE COCOM0.48%$1M13.2K
69FISFIDELITY NATL INFO SVCSCOM0.47%$1M18.6K
70NTRNUTRIEN LTD CO COMCOM0.46%$1M16.6K
71TKRTIMKEN COMPANYCOM0.46%$1M23.4K
72CHUBB CORPORATIONCOM0.45%$1M7.4K
73CATCATERPILLAR INCCOM0.44%$1M8.1K
74MARATHON OIL CO.COM0.44%$1M59.1K
75SLBSCHLUMBERGER LTD FCOM0.44%$1M36.9K
76NEMNEWMONT GOLDCORPCOM0.43%$1M30.9K
77PFEPFIZER INCCOM0.43%$1M29.4K
78BMYBRISTOL MYERS SQUIBB COCOM0.39%$1M16.7K
79METMETLIFE INCCOM0.39%$1M19.4K
80ATOATMOS ENERGY CORPCOM0.39%$1M11.5K
81NGVTINGEVITY CORP COMCOM0.38%$1M19.1K
82AVTAVNET INCCOM0.38%$1M31.5K
83OKEONEOK, INCCOM0.37%$1M21.8K
84SCHWTHE CHARLES SCHWAB CORPCOM0.37%$1M15.5K
85CECELANESE CORP.COM0.37%$1M12.3K
86PSXPHILLIPS 66 COMCOM0.36%$1M13.4K
87ENBENBRIDGE INC.COM0.36%$1M29.1K
88CANADIAN PAC LTD NEWCOM0.36%$1M16.1K
89SYKSTRYKER CORPCOM0.35%$1M5.2K
90NTRSNORTHERN TRUST CORPCOM0.33%$992,00011.6K
91DU PONT E I DE NEMOUR&COCOM0.32%$967,00019.2K
92DOVDOVER CORPORATIONCOM0.31%$948,0008.1K
93MOSMOSAIC CO NEWCOM0.31%$944,00019.6K
94CMACOMERICA INC.COM0.31%$930,00013.1K
95HESHESS CORPORATIONCOM0.30%$915,0008.4K
96MMM3M COMPANYCOM0.29%$875,0007.9K
97O-I GLASS, INC.COM0.29%$875,00067.6K
98CLFCLEVELAND-CLIFFS, INC.COM0.29%$871,00064.7K
99OGNORGANON & CO.COM0.29%$869,00037.1K
100INGERSOLL-RAND COMPANYCOM0.28%$855,00019.8K

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 ↗.