SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Fruth Investment Management

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

Reported Value
$341M
Q4 2022
Positions
225
Filings on Record
30
2019–present window
Filed
Jan 17, 2023
original filing

Summary

Fruth Investment Management reported $341M in U.S.-listed holdings across 225 positions for Q4 2022.

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

Compared with Q3 2022, the fund opened 6 new positions and exited 2.

Portfolio Metrics

Turnover
+1.1%
vs prior filed quarter
Top-10 Concentration
+24.2%
share of reported value
Largest Position
+3.2%
Grainger Ww
New / Exited
6 / 2
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: 91.8%Other: 7.0%ADR: 0.6%Royalty Trst: 0.3%ETP: 0.2%Closed-End Fund: 0.1%
  • Common Stock · 91.8% · $313M
  • Other · 7.0% · $24M
  • ADR · 0.6% · $2M
  • Royalty Trst · 0.3% · $1M
  • ETP · 0.2% · $725,000
  • Closed-End Fund · 0.1% · $403,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TPLTEX PAC LAND SUB CTFNEW+100100+$234,000$234,000
PLPCPREFORMED LINE PRODS INCNEW+2.8K2.8K+$233,000$233,000
BMIBADGER METER INCNEW+2.0K2.0K+$218,000$218,000
CLCOLGATE-PALMOLIVE CONEW+2.7K2.7K+$212,000$212,000
HTOSJW CORPNEW+2.6K2.6K+$211,000$211,000
BKRBAKER HUGHES CO.NEW+7.0K7.0K+$206,000$206,000
VTIVANGUARD TOTAL STK MKT TSTSOLD OUT−1.0K0−$183,000$0
ABALLIANCEBERNSTEIN HLDG LPSOLD OUT−2.5K0−$87,000$0

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

Holdings — Q4 2022

225 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GWWGRAINGER WW INChistory →COM3.22%$11M19.7K
2LINDE PLC COMCOM2.77%$9M29.0K
3EXMOCEXXON MOBIL CORPhistory →COM2.73%$9M84.5K
4CVXCHEVRONTEXACO CORPhistory →COM2.45%$8M46.5K
5TSCOTRACTOR SUPPLY COMPANYhistory →COM2.44%$8M37.0K
6SBUXSTARBUCKS CORPhistory →COM2.36%$8M81.2K
7MAMASTERCARD INChistory →COM2.19%$7M21.5K
8HSYHERSHEY FOODS CORPhistory →COM2.11%$7M31.1K
9APDAIR PRODUCTS & CHEMICALShistory →COM1.96%$7M21.7K
10AAGILENT TECHNOLOGIEShistory →COM1.94%$7M44.3K
11ADPAUTO DATA PROCESSINGhistory →COM1.93%$7M27.6K
12DEDEERE & COhistory →COM1.63%$6M13.0K
13MSFTMICROSOFT CORPhistory →COM1.59%$5M22.7K
14PEPPEPSICO INCORPORATEDhistory →COM1.54%$5M29.1K
15TXNTEXAS INSTRUMENTS INChistory →COM1.40%$5M28.9K
16AAPLAPPLE, INChistory →COM1.36%$5M35.7K
17JNJJOHNSON & JOHNSONhistory →COM1.32%$4M25.5K
18OLNOLIN CORP NEWhistory →COM1.22%$4M78.6K
19KEYSKEYSIGHT TECHNOLOGIES INC COMhistory →COM1.21%$4M24.2K
20EMREMERSON ELECTRIChistory →COM1.20%$4M42.8K
21TTTRANE TECHNOLOGIES PLChistory →COM1.09%$4M22.1K
22ABTABBOTT LABORATORIEShistory →COM1.06%$4M32.8K
23UNPUNION PACIFIC CORPhistory →COM1.03%$4M17.0K
24MKCMC CORMICK & CO NEW VThistory →COM1.01%$3M41.7K
25SYYSYSCO CORP.COM0.98%$3M43.9K
26ELLAUDER ESTEE CORP CL ACOM0.95%$3M13.1K
27BF/BBROWN FORMAN CORP CL BCOM0.95%$3M49.2K
28KMBKIMBERLY-CLARK CORPCOM0.88%$3M22.0K
29EATON CORPORATIONCOM0.84%$3M18.4K
30BUNGECOM0.83%$3M28.3K
31HDHOME DEPOT INCCOM0.83%$3M8.9K
32AITAPPLIED INDL. TECH.COM0.80%$3M21.7K
33MURMURPHY OIL CORPCOM0.79%$3M63.0K
34ASIXADVANSIX INC COMCOM0.76%$3M68.3K
35DOWDOW CHEMICALCOM0.74%$3M50.0K
36SONSONOCO PRODUCTS INCCOM0.73%$2M40.9K
37MIDDMIDDLEBY CORP THECOM0.72%$2M18.4K
38COSTCOSTCO WHOLSALE CORP NEWCOM0.72%$2M5.4K
39MPCMARATHON PETE CORP COMCOM0.72%$2M21.0K
40CPKCHESAPEAKE UTIL CORPCOM0.71%$2M20.5K
41CTASCINTAS CORPCOM0.70%$2M5.3K
42IFFINTL FLAVOR & FRAGRANCESCOM0.70%$2M22.7K
43DRIDARDEN RESTURANTS INCCOM0.70%$2M17.2K
44CASYCASEYS GENERAL STORES INCCOM0.69%$2M10.5K
45MRKMERCK & CO INCCOM0.69%$2M21.3K
46STERIS PLCCOM0.68%$2M12.7K
47GISGENERAL MILLS INCCOM0.67%$2M27.4K
48NSCNORFOLK SOUTHERN CORPCOM0.66%$2M9.2K
49HONHONEYWELL INC.COM0.65%$2M10.4K
50VLOVALERO ENERGYCOM0.64%$2M17.3K
51MUSAMURPHY USA INC.COM0.64%$2M7.8K
52DISDISNEY WALT HOLDING COCOM0.63%$2M24.8K
53AINALBANY INT'L CORP.COM0.63%$2M21.7K
54ADIANALOG DEVICES INCCOM0.62%$2M13.0K
55BRBROADRIDGE FINANCIALCOM0.62%$2M15.8K
56KOCOCA-COLA COMPANYCOM0.61%$2M32.8K
57LOWLOWES COMPANIES INCCOM0.60%$2M10.3K
58PHPARKER-HANNIFIN CORPCOM0.59%$2M7.0K
59AMATAPPLIED MATERIALS INCCOM0.59%$2M20.8K
60CATCATERPILLAR INCCOM0.57%$2M8.1K
61SLBSCHLUMBERGER LTD FCOM0.57%$2M36.4K
62MSAMINE SAFTEY APPLIANCE COCOM0.55%$2M13.0K
63GRCGORMAN-RUPP CO COMCOM0.53%$2M70.0K
64ABBVABBVIE INC COMCOM0.52%$2M10.9K
65COPCONOCOPHILLIPSCOM0.51%$2M14.8K
66AXPAMERICAN EXPRESS CO.COM0.51%$2M11.8K
67WESTROCK CO COMCOM0.50%$2M48.1K
68TKRTIMKEN COMPANYCOM0.48%$2M23.1K
69CHUBB CORPORATIONCOM0.48%$2M7.4K
70MARATHON OIL CO.COM0.47%$2M59.1K
71KEXKIRBY CORPCOM0.47%$2M24.7K
72CTVACORTEVA INC COMCOM0.46%$2M26.6K
73PFEPFIZER INCCOM0.44%$1M29.0K
74FELEFRANKLIN ELEC CO INCCOM0.43%$1M18.4K
75NEMNEWMONT GOLDCORPCOM0.43%$1M31.1K
76OKEONEOK, INCCOM0.41%$1M21.4K
77METMETLIFE INCCOM0.41%$1M19.3K
78PSXPHILLIPS 66 COMCOM0.41%$1M13.3K
79NGVTINGEVITY CORP COMCOM0.39%$1M18.7K
80DU PONT E I DE NEMOUR&COCOM0.38%$1M19.1K
81SCHWTHE CHARLES SCHWAB CORPCOM0.38%$1M15.5K
82AVTAVNET INCCOM0.38%$1M30.9K
83ATOATMOS ENERGY CORPCOM0.37%$1M11.4K
84CECELANESE CORP.COM0.37%$1M12.3K
85FISFIDELITY NATL INFO SVCSCOM0.36%$1M18.3K
86SYKSTRYKER CORPCOM0.36%$1M5.0K
87CANADIAN PAC LTD NEWCOM0.35%$1M16.0K
88HESHESS CORPORATIONCOM0.35%$1M8.4K
89NTRNUTRIEN LTD CO COMCOM0.35%$1M16.3K
90BMYBRISTOL MYERS SQUIBB COCOM0.35%$1M16.5K
91ENBENBRIDGE INC.COM0.33%$1M29.1K
92O-I GLASS, INC.COM0.33%$1M67.0K
93DOVDOVER CORPORATIONCOM0.32%$1M8.0K
94CLFCLEVELAND-CLIFFS, INC.COM0.30%$1M64.1K
95INGERSOLL-RAND COMPANYCOM0.30%$1M19.6K
96OGNORGANON & CO.COM0.30%$1M36.4K
97NTRSNORTHERN TRUST CORPCOM0.30%$1M11.4K
98MTUSTIMKENSTEEL CORP COMCOM0.29%$1M55.1K
99GPCGENUINE PARTS CO COMCOM0.29%$982,0005.7K
100MMM3M COMPANYCOM0.28%$960,0008.0K

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 ↗.