SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Fruth Investment Management

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

Reported Value
$390M
Q1 2024
Positions
222
Filings on Record
30
2019–present window
Filed
Apr 19, 2024
original filing

Summary

Fruth Investment Management reported $390M in U.S.-listed holdings across 222 positions for Q1 2024.

Its largest position, GWW, represents 5.0% of the portfolio.

Compared with Q4 2023, the fund opened 5 new positions and exited 6.

Portfolio Metrics

Turnover
+1.6%
vs prior filed quarter
Top-10 Concentration
+25.3%
share of reported value
Largest Position
+5.0%
Grainger Ww
New / Exited
5 / 6
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: $301MQ1 ’23: $346MQ1 ’23Q2 ’23: $352MQ3 ’23: $337MQ4 ’23: $357MQ1 ’24: $390MQ1 ’24Q2 ’24: $368MQ3 ’24: $385MQ4 ’24: $363MQ2 ’25: $368MQ2 ’25Q3 ’25: $369MQ4 ’25: $371MQ1 ’26: $401Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.6%Other: 7.5%ADR: 0.5%ETP: 0.1%Royalty Trst: 0.1%Closed-End Fund: 0.1%
  • Common Stock · 91.6% · $357M
  • Other · 7.5% · $29M
  • ADR · 0.5% · $2M
  • ETP · 0.1% · $565,000
  • Royalty Trst · 0.1% · $509,000
  • Closed-End Fund · 0.1% · $251,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BGBUNGENEW+28.1K28.1K+$3M$3M
TEXTEREX CORPNEW+3.4K3.4K+$215,000$215,000
VVISA INC CL ANEW+748748+$208,000$208,000
DVNDEVON ENERGY CP NEWNEW+4.0K4.0K+$203,000$203,000
CHAMPIONX CORP.NEW+5.6K5.6K+$200,000$200,000
SFMSPROUTS FARMERS MKTSOLD OUT−13.6K0−$654,000$0
USBUS BANCORP DELSOLD OUT−5.5K0−$238,000$0
KDPKEURIG DR PEPPER INC.SOLD OUT−6.1K0−$203,000$0

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

Holdings — Q1 2024

222 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GWWGRAINGER WW INChistory →COM4.96%$19M19.0K
2LINDE PLC COMCOM3.42%$13M28.7K
3MAMASTERCARD INChistory →COM2.60%$10M21.1K
4EXMOCEXXON MOBIL CORPhistory →COM2.50%$10M83.9K
5TSCOTRACTOR SUPPLY COMPANYhistory →COM2.39%$9M35.6K
6MSFTMICROSOFT CORPhistory →COM2.30%$9M21.3K
7SBUXSTARBUCKS CORPhistory →COM1.88%$7M80.2K
8CVXCHEVRONTEXACO CORPhistory →COM1.88%$7M46.4K
9ADPAUTO DATA PROCESSINGhistory →COM1.76%$7M27.4K
10TTTRANE TECHNOLOGIES PLChistory →COM1.65%$6M21.4K
11AAGILENT TECHNOLOGIEShistory →COM1.64%$6M44.0K
12HSYHERSHEY FOODS CORPhistory →COM1.56%$6M31.2K
13AAPLAPPLE, INChistory →COM1.52%$6M34.6K
14EATON CORPORATIONCOM1.41%$5M17.5K
15DEDEERE & COhistory →COM1.37%$5M13.0K
16APDAIR PRODUCTS & CHEMICALShistory →COM1.34%$5M21.6K
17PEPPEPSICO INCORPORATEDhistory →COM1.30%$5M28.9K
18TXNTEXAS INSTRUMENTS INChistory →COM1.28%$5M28.6K
19EMREMERSON ELECTRIChistory →COM1.21%$5M41.4K
20OLNOLIN CORP NEWhistory →COM1.17%$5M77.7K
21AITAPPLIED INDL. TECH.history →COM1.10%$4M21.6K
22AMATAPPLIED MATERIALS INChistory →COM1.08%$4M20.5K
23MPCMARATHON PETE CORP COMhistory →COM1.07%$4M20.8K
24UNPUNION PACIFIC CORPhistory →COM1.07%$4M16.9K
25JNJJOHNSON & JOHNSONhistory →COM1.04%$4M25.5K
26COSTCOSTCO WHOLSALE CORP NEWCOM0.99%$4M5.3K
27PHPARKER-HANNIFIN CORPCOM0.99%$4M6.9K
28KEYSKEYSIGHT TECHNOLOGIES INC COMCOM0.95%$4M23.7K
29ABTABBOTT LABORATORIESCOM0.95%$4M32.4K
30SYYSYSCO CORP.COM0.90%$4M43.1K
31HDHOME DEPOT INCCOM0.88%$3M9.0K
32CASYCASEYS GENERAL STORES INCCOM0.86%$3M10.5K
33MUSAMURPHY USA INC.COM0.83%$3M7.7K
34CTASCINTAS CORPCOM0.83%$3M4.7K
35MKCMC CORMICK & CO NEW VTCOM0.82%$3M41.4K
36DISDISNEY WALT HOLDING COCOM0.76%$3M24.3K
37CATCATERPILLAR INCCOM0.76%$3M8.0K
38VLOVALERO ENERGYCOM0.75%$3M17.1K
39MIDDMIDDLEBY CORP THECOM0.74%$3M18.0K
40DOWDOW CHEMICALCOM0.74%$3M49.8K
41BGBUNGECOM0.74%$3M28.1K
42DRIDARDEN RESTURANTS INCCOM0.74%$3M17.1K
43MURMURPHY OIL CORPCOM0.73%$3M62.3K
44STERIS PLCCOM0.73%$3M12.7K
45KMBKIMBERLY-CLARK CORPCOM0.72%$3M21.7K
46GRCGORMAN-RUPP CO COMCOM0.71%$3M69.5K
47MRKMERCK & CO INCCOM0.70%$3M20.8K
48AXPAMERICAN EXPRESS CO.COM0.67%$3M11.6K
49LOWLOWES COMPANIES INCCOM0.66%$3M10.1K
50ADIANALOG DEVICES INCCOM0.65%$3M12.9K
51MSAMINE SAFTEY APPLIANCE COCOM0.65%$3M13.0K
52BF/BBROWN FORMAN CORP CL BCOM0.63%$2M47.9K
53SONSONOCO PRODUCTS INCCOM0.60%$2M40.4K
54NSCNORFOLK SOUTHERN CORPCOM0.59%$2M9.1K
55WESTROCK CO COMCOM0.59%$2M46.3K
56BRBROADRIDGE FINANCIALCOM0.59%$2M11.2K
57PSXPHILLIPS 66 COMCOM0.55%$2M13.1K
58HONHONEYWELL INC.COM0.53%$2M10.1K
59CECELANESE CORP.COM0.53%$2M12.0K
60KEXKIRBY CORPCOM0.53%$2M21.7K
61AINALBANY INT'L CORP.COM0.52%$2M21.7K
62CPKCHESAPEAKE UTIL CORPCOM0.52%$2M18.9K
63TKRTIMKEN COMPANYCOM0.52%$2M23.1K
64SLBSCHLUMBERGER LTD FCOM0.51%$2M36.1K
65KOCOCA-COLA COMPANYCOM0.50%$2M32.1K
66FELEFRANKLIN ELEC CO INCCOM0.50%$2M18.4K
67ASIXADVANSIX INC COMCOM0.50%$2M68.1K
68GISGENERAL MILLS INCCOM0.48%$2M26.9K
69IFFINTL FLAVOR & FRAGRANCESCOM0.48%$2M21.8K
70CHUBB CORPORATIONCOM0.48%$2M7.2K
71COPCONOCOPHILLIPSCOM0.48%$2M14.6K
72OKEONEOK, INCCOM0.46%$2M22.5K
73INGERSOLL-RAND COMPANYCOM0.46%$2M18.8K
74SYKSTRYKER CORPCOM0.46%$2M5.0K
75ELLAUDER ESTEE CORP CL ACOM0.45%$2M11.5K
76MARATHON OIL CO.COM0.43%$2M58.6K
77ABBVABBVIE INC COMCOM0.40%$2M8.6K
78CTVACORTEVA INC COMCOM0.40%$2M26.8K
79AVTAVNET INCCOM0.39%$2M30.9K
80LLYLILLY ELI & COMPANYCOM0.39%$2M1.9K
81DU PONT E I DE NEMOUR&COCOM0.38%$1M19.2K
82CLFCLEVELAND-CLIFFS, INC.COM0.37%$1M63.7K
83DOVDOVER CORPORATIONCOM0.36%$1M8.0K
84CANADIAN PAC LTD NEWCOM0.35%$1M15.7K
85METMETLIFE INCCOM0.35%$1M18.5K
86ATOATMOS ENERGY CORPCOM0.34%$1M11.3K
87PAGPENSKE AUTOMOTIVE GROUPCOM0.33%$1M8.0K
88US STEEL CORP.COM0.33%$1M31.3K
89STLDSTEEL DYNAMICS INCCOM0.33%$1M8.6K
90HESHESS CORPORATIONCOM0.32%$1M8.3K
91ATIALLEGHENY TECH INCCOM0.32%$1M24.7K
92MTUSMETALLUS (MTUS/TMST)COM0.31%$1M54.8K
93FISFIDELITY NATL INFO SVCSCOM0.30%$1M15.8K
94SHWSHERWIN WILLIAMS COCOM0.29%$1M3.3K
95NEMNEWMONT GOLDCORPCOM0.29%$1M31.1K
96O-I GLASS, INC.COM0.28%$1M66.9K
97SCHWTHE CHARLES SCHWAB CORPCOM0.28%$1M15.1K
98CSXCSX CORPCOM0.28%$1M29.3K
99CMCCOMMERCIAL METALS COCOM0.27%$1M18.0K
100MKLMARKEL CORP.COM0.27%$1M685

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 2022Under review225Jan 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 ↗.