SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Fruth Investment Management

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

Reported Value
$368M
Q2 2024
Positions
217
Filings on Record
30
2019–present window
Filed
Jul 18, 2024
original filing

Summary

Fruth Investment Management reported $368M in U.S.-listed holdings across 217 positions for Q2 2024.

Its largest position, GWW, represents 4.6% of the portfolio.

Compared with Q1 2024, the fund opened 4 new positions and exited 9.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+25.9%
share of reported value
Largest Position
+4.6%
Grainger Ww
New / Exited
4 / 9
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: 91.4%Other: 7.6%ADR: 0.6%ETP: 0.2%Royalty Trst: 0.1%Closed-End Fund: 0.1%
  • Common Stock · 91.4% · $336M
  • Other · 7.6% · $28M
  • ADR · 0.6% · $2M
  • ETP · 0.2% · $564,000
  • Royalty Trst · 0.1% · $502,000
  • Closed-End Fund · 0.1% · $242,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VIKVIKING HOLDINGS INC.NEW+70.8K70.8K+$2M$2M
TPLTEX PAC LAND SUB CTFNEW+300300+$220,000$220,000
CONSOL ENERGY INC.NEW+2.0K2.0K+$204,000$204,000
CLSCELESTICA INCNEW+3.5K3.5K+$200,000$200,000
BRBROADRIDGE FINANCIALSOLD OUT−11.2K0−$2M$0
ABBVABBVIE INC COMSOLD OUT−8.6K0−$2M$0
PIONEER NATURAL RES COSOLD OUT−1.4K0−$367,000$0
NUENUCOR CORPSOLD OUT−1.1K0−$227,000$0

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

Holdings — Q2 2024

217 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GWWGRAINGER WW INChistory →COM4.60%$17M18.7K
2LINDE PLC COMCOM3.37%$12M28.2K
3EXMOCEXXON MOBIL CORPhistory →COM2.73%$10M87.2K
4MSFTMICROSOFT CORPhistory →COM2.58%$9M21.2K
5TSCOTRACTOR SUPPLY COMPANYhistory →COM2.54%$9M34.6K
6MAMASTERCARD INChistory →COM2.53%$9M21.1K
7AAPLAPPLE, INChistory →COM1.98%$7M34.5K
8CVXCHEVRONTEXACO CORPhistory →COM1.97%$7M46.3K
9TTTRANE TECHNOLOGIES PLChistory →COM1.89%$7M21.1K
10ADPAUTO DATA PROCESSINGhistory →COM1.77%$7M27.2K
11SBUXSTARBUCKS CORPhistory →COM1.68%$6M79.5K
12HSYHERSHEY FOODS CORPhistory →COM1.59%$6M31.8K
13AAGILENT TECHNOLOGIEShistory →COM1.51%$6M42.9K
14APDAIR PRODUCTS & CHEMICALShistory →COM1.51%$6M21.6K
15EATON CORPORATIONCOM1.49%$5M17.5K
16DEDEERE & COhistory →COM1.32%$5M13.0K
17AMATAPPLIED MATERIALS INChistory →COM1.31%$5M20.5K
18PEPPEPSICO INCORPORATEDhistory →COM1.30%$5M28.9K
19EMREMERSON ELECTRIChistory →COM1.24%$5M41.2K
20COSTCOSTCO WHOLSALE CORP NEWhistory →COM1.22%$4M5.3K
21AITAPPLIED INDL. TECH.history →COM1.14%$4M21.6K
22CASYCASEYS GENERAL STORES INChistory →COM1.09%$4M10.5K
23UNPUNION PACIFIC CORPhistory →COM1.04%$4M16.9K
24JNJJOHNSON & JOHNSONhistory →COM1.02%$4M25.5K
25OLNOLIN CORP NEWCOM0.99%$4M77.2K
26MUSAMURPHY USA INC.COM0.98%$4M7.7K
27MPCMARATHON PETE CORP COMCOM0.98%$4M20.7K
28PHPARKER-HANNIFIN CORPCOM0.95%$4M6.9K
29ABTABBOTT LABORATORIESCOM0.89%$3M31.5K
30KEYSKEYSIGHT TECHNOLOGIES INC COMCOM0.88%$3M23.6K
31HDHOME DEPOT INCCOM0.84%$3M9.0K
32CTASCINTAS CORPCOM0.84%$3M4.4K
33SYYSYSCO CORP.COM0.82%$3M42.3K
34BGBUNGECOM0.81%$3M28.0K
35KMBKIMBERLY-CLARK CORPCOM0.80%$3M21.3K
36ADIANALOG DEVICES INCCOM0.79%$3M12.8K
37MKCMC CORMICK & CO NEW VTCOM0.78%$3M40.5K
38STERIS PLCCOM0.76%$3M12.7K
39TXNTEXAS INSTRUMENTS INCCOM0.75%$3M14.2K
40VLOVALERO ENERGYCOM0.73%$3M17.1K
41AXPAMERICAN EXPRESS CO.COM0.73%$3M11.6K
42CATCATERPILLAR INCCOM0.72%$3M7.9K
43DOWDOW CHEMICALCOM0.71%$3M49.5K
44MRKMERCK & CO INCCOM0.70%$3M20.8K
45DRIDARDEN RESTURANTS INCCOM0.70%$3M17.0K
46MURMURPHY OIL CORPCOM0.70%$3M62.3K
47GRCGORMAN-RUPP CO COMCOM0.69%$3M69.0K
48MSAMINE SAFTEY APPLIANCE COCOM0.66%$2M13.0K
49DISDISNEY WALT HOLDING COCOM0.66%$2M24.4K
50VIKVIKING HOLDINGS INC.COM0.65%$2M70.8K
51WESTROCK CO COMCOM0.63%$2M45.8K
52LOWLOWES COMPANIES INCCOM0.60%$2M10.1K
53MIDDMIDDLEBY CORP THECOM0.60%$2M17.9K
54HONHONEYWELL INC.COM0.59%$2M10.1K
55IFFINTL FLAVOR & FRAGRANCESCOM0.56%$2M21.7K
56BF/BBROWN FORMAN CORP CL BCOM0.56%$2M47.9K
57KOCOCA-COLA COMPANYCOM0.56%$2M32.2K
58SONSONOCO PRODUCTS INCCOM0.56%$2M40.4K
59KEXKIRBY CORPCOM0.55%$2M16.8K
60CPKCHESAPEAKE UTIL CORPCOM0.54%$2M18.6K
61NSCNORFOLK SOUTHERN CORPCOM0.52%$2M9.0K
62TKRTIMKEN COMPANYCOM0.50%$2M23.1K
63CHUBB CORPORATIONCOM0.50%$2M7.2K
64PSXPHILLIPS 66 COMCOM0.50%$2M13.0K
65AINALBANY INT'L CORP.COM0.50%$2M21.7K
66OKEONEOK, INCCOM0.49%$2M22.2K
67LLYLILLY ELI & COMPANYCOM0.48%$2M1.9K
68FELEFRANKLIN ELEC CO INCCOM0.47%$2M18.1K
69INGERSOLL-RAND COMPANYCOM0.46%$2M18.8K
70SYKSTRYKER CORPCOM0.46%$2M5.0K
71GISGENERAL MILLS INCCOM0.46%$2M26.9K
72SLBSCHLUMBERGER LTD FCOM0.46%$2M35.9K
73MARATHON OIL CO.COM0.46%$2M58.6K
74COPCONOCOPHILLIPSCOM0.45%$2M14.5K
75CECELANESE CORP.COM0.44%$2M12.0K
76AVTAVNET INCCOM0.43%$2M30.9K
77ASIXADVANSIX INC COMCOM0.42%$2M68.1K
78DU PONT E I DE NEMOUR&COCOM0.42%$2M19.1K
79CTVACORTEVA INC COMCOM0.39%$1M26.8K
80DOVDOVER CORPORATIONCOM0.39%$1M8.0K
81ATIALLEGHENY TECH INCCOM0.36%$1M24.2K
82METMETLIFE INCCOM0.35%$1M18.6K
83NEMNEWMONT GOLDCORPCOM0.35%$1M31.0K
84ATOATMOS ENERGY CORPCOM0.34%$1M10.7K
85CANADIAN PAC LTD NEWCOM0.34%$1M15.7K
86ELLAUDER ESTEE CORP CL ACOM0.33%$1M11.5K
87HESHESS CORPORATIONCOM0.32%$1M8.1K
88PAGPENSKE AUTOMOTIVE GROUPCOM0.32%$1M8.0K
89US STEEL CORP.COM0.32%$1M31.3K
90FISFIDELITY NATL INFO SVCSCOM0.31%$1M15.4K
91STLDSTEEL DYNAMICS INCCOM0.30%$1M8.6K
92MTUSMETALLUS (MTUS/TMST)COM0.30%$1M54.8K
93SCHWTHE CHARLES SCHWAB CORPCOM0.30%$1M15.0K
94MKLMARKEL CORP.COM0.29%$1M685
95ENBENBRIDGE INC.COM0.28%$1M28.7K
96NTAPNETAPP INC.COM0.27%$991,0007.7K
97CMCCOMMERCIAL METALS COCOM0.27%$989,00018.0K
98SHWSHERWIN WILLIAMS COCOM0.27%$984,0003.3K
99CLFCLEVELAND-CLIFFS, INC.COM0.27%$980,00063.7K
100CSXCSX CORPCOM0.27%$980,00029.3K

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 ↗.