SEC 13F Intelligence

Managers / Q1 2026

Fruth Investment Management

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

Reported Value
$401M
Q1 2026
Positions
229
Filings on Record
30
2019–present window
Filed
Apr 21, 2026
original filing

Summary

Fruth Investment Management reported $401M in U.S.-listed holdings across 229 positions for Q1 2026.

Its largest position, GWW, represents 4.5% of the portfolio.

Compared with Q4 2025, the fund opened 14 new positions and exited 5.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+25.2%
share of reported value
Largest Position
+4.5%
Grainger Ww
New / Exited
14 / 5
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: 91.8%Other: 6.9%ADR: 0.9%Royalty Trst: 0.2%Closed-End Fund: 0.1%ETP: 0.1%
  • Common Stock · 91.8% · $368M
  • Other · 6.9% · $28M
  • ADR · 0.9% · $4M
  • Royalty Trst · 0.2% · $825,000
  • Closed-End Fund · 0.1% · $328,000
  • ETP · 0.1% · $239,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NENOBLE CORPNEW+6.0K6.0K+$294,000$294,000
APAAPACHE CORPNEW+6.3K6.3K+$267,000$267,000
SOLSSOLSTICE ADVANCED MATLSNEW+3.3K3.3K+$252,000$252,000
CVECENOVUS ENERGY INCNEW+8.8K8.8K+$234,000$234,000
SOLVSOLVENTUM CORPNEW+3.4K3.4K+$220,000$220,000
FTITECHNIP FMC LTD.NEW+3.1K3.1K+$215,000$215,000
CLCOLGATE-PALMOLIVE CONEW+2.5K2.5K+$213,000$213,000
NOCNORTHROP GRUMMAN CORPNEW+308308+$210,000$210,000

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

Holdings — Q1 2026

229 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GWWGRAINGER WW INChistory →COM4.50%$18M16.6K
2EXMOCEXXON MOBIL CORPhistory →COM3.40%$14M80.4K
3LINDE PLC COMCOM3.24%$13M26.2K
4CVXCHEVRONTEXACO CORPhistory →COM2.73%$11M52.9K
5MAMASTERCARD INChistory →COM2.60%$10M20.9K
6TTTRANE TECHNOLOGIES PLChistory →COM1.90%$8M18.3K
7CASYCASEYS GENERAL STORES INChistory →COM1.86%$7M10.2K
8DEDEERE & COhistory →COM1.72%$7M12.2K
9TSCOTRACTOR SUPPLY COMPANYhistory →COM1.69%$7M150.2K
10AMATAPPLIED MATERIALS INChistory →COM1.56%$6M18.3K
11HSYHERSHEY FOODS CORPhistory →COM1.56%$6M30.1K
12KEYSKEYSIGHT TECHNOLOGIES INC COMhistory →COM1.53%$6M21.8K
13SBUXSTARBUCKS CORPhistory →COM1.50%$6M67.1K
14AAPLAPPLE, INChistory →COM1.48%$6M23.5K
15JNJJOHNSON & JOHNSONhistory →COM1.47%$6M24.1K
16EATON CORPORATIONCOM1.37%$5M15.4K
17MSFTMICROSOFT CORPhistory →COM1.36%$5M14.8K
18APDAIR PRODUCTS & CHEMICALShistory →COM1.34%$5M18.5K
19PHPARKER-HANNIFIN CORPhistory →COM1.33%$5M5.9K
20AITAPPLIED INDL. TECH.history →COM1.32%$5M19.9K
21CATCATERPILLAR INChistory →COM1.28%$5M7.2K
22ADPAUTO DATA PROCESSINGhistory →COM1.26%$5M24.9K
23COSTCOSTCO WHOLSALE CORP NEWhistory →COM1.25%$5M5.0K
24VIKVIKING HOLDINGS INC.history →COM1.19%$5M65.0K
25MPCMARATHON PETE CORP COMhistory →COM1.18%$5M19.4K
26EMREMERSON ELECTRIChistory →COM1.16%$5M35.4K
27AAGILENT TECHNOLOGIEShistory →COM1.11%$4M39.1K
28PEPPEPSICO INCORPORATEDhistory →COM1.05%$4M27.1K
29GRCGORMAN-RUPP CO COMCOM0.97%$4M62.4K
30UNPUNION PACIFIC CORPCOM0.94%$4M15.6K
31VLOVALERO ENERGYCOM0.94%$4M15.3K
32ADIANALOG DEVICES INCCOM0.91%$4M11.5K
33COPCONOCOPHILLIPSCOM0.91%$4M27.6K
34MUSAMURPHY USA INC.COM0.89%$4M7.2K
35NEMNEWMONT GOLDCORPCOM0.86%$3M31.9K
36BGBUNGECOM0.84%$3M26.4K
37AXPAMERICAN EXPRESS CO.COM0.82%$3M10.9K
38DRIDARDEN RESTURANTS INCCOM0.76%$3M15.6K
39ABTABBOTT LABORATORIESCOM0.75%$3M29.3K
40CTASCINTAS CORPCOM0.73%$3M17.2K
41HDHOME DEPOT INCCOM0.72%$3M8.7K
42SYYSYSCO CORP.COM0.67%$3M37.8K
43SLBSCHLUMBERGER LTD FCOM0.66%$3M51.3K
44GLWCORNING INC.COM0.65%$3M19.3K
45STERIS PLCCOM0.62%$2M11.3K
46MURMURPHY OIL CORPCOM0.62%$2M60.3K
47TXNTEXAS INSTRUMENTS INCCOM0.58%$2M12.0K
48CPKCHESAPEAKE UTIL CORPCOM0.56%$2M17.8K
49TKRTIMKEN COMPANYCOM0.56%$2M22.2K
50HONHONEYWELL INC.COM0.55%$2M9.8K
51MRKMERCK & CO INCCOM0.54%$2M18.1K
52NSCNORFOLK SOUTHERN CORPCOM0.54%$2M7.5K
53KOCOCA-COLA COMPANYCOM0.53%$2M27.9K
54LOWLOWES COMPANIES INCCOM0.53%$2M8.9K
55CHUBB CORPORATIONCOM0.53%$2M6.5K
56DISDISNEY WALT HOLDING COCOM0.52%$2M21.6K
57CTVACORTEVA INC COMCOM0.52%$2M24.9K
58OLNOLIN CORP NEWCOM0.52%$2M69.9K
59PSXPHILLIPS 66 COMCOM0.51%$2M11.2K
60SONSONOCO PRODUCTS INCCOM0.51%$2M37.9K
61KEXKIRBY CORPCOM0.51%$2M15.3K
62DOWDOW CHEMICALCOM0.51%$2M48.8K
63MSAMINE SAFTEY APPLIANCE COCOM0.49%$2M11.9K
64MIDDMIDDLEBY CORP THECOM0.48%$2M14.6K
65MKCMC CORMICK & CO NEW VTCOM0.46%$2M36.9K
66KMBKIMBERLY-CLARK CORPCOM0.46%$2M19.1K
67OKEONEOK, INCCOM0.45%$2M20.0K
68AGIALAMOS GOLD INC.COM0.44%$2M40.0K
69AVTAVNET INCCOM0.44%$2M28.6K
70ATIALLEGHENY TECH INCCOM0.44%$2M12.1K
71ATOATMOS ENERGY CORPCOM0.42%$2M9.1K
72ANGLOGOLD LTDCOM0.41%$2M16.8K
73DOVDOVER CORPORATIONCOM0.40%$2M7.7K
74FELEFRANKLIN ELEC CO INCCOM0.39%$2M16.8K
75FNVFRANCO NEVADA CORP.COM0.38%$2M6.2K
76AEMAGNICO-EAGLE MINES LTDCOM0.38%$2M7.5K
77STLDSTEEL DYNAMICS INCCOM0.38%$2M8.4K
78ASIXADVANSIX INC COMCOM0.37%$2M61.7K
79SYKSTRYKER CORPCOM0.37%$1M4.5K
80SWSMURFIT WESTROCK LTDCOM0.37%$1M37.0K
81INGERSOLL-RAND COMPANYCOM0.35%$1M17.7K
82IFFINTL FLAVOR & FRAGRANCESCOM0.35%$1M19.3K
83RTXRTX CORP.COM0.34%$1M7.2K
84ENBENBRIDGE INC.COM0.34%$1M25.3K
85CAGCONAGRA INCORPORATEDCOM0.34%$1M87.1K
86KGCKINROSS GOLD CORP NEWCOM0.34%$1M44.6K
87SCHWTHE CHARLES SCHWAB CORPCOM0.33%$1M14.2K
88BNYBANK OF NEW YORK CO INCCOM0.33%$1M11.3K
89MKLMARKEL CORP.COM0.32%$1M681
90FITBFIFTH THIRD BANCORPCOM0.32%$1M27.2K
91NGVTINGEVITY CORP COMCOM0.30%$1M16.8K
92METMETLIFE INCCOM0.30%$1M16.9K
93NTRSNORTHERN TRUST CORPCOM0.30%$1M8.5K
94CSXCSX CORPCOM0.30%$1M28.9K
95DNOWDNOW INC COMCOM0.29%$1M98.8K
96PAGPENSKE AUTOMOTIVE GROUPCOM0.29%$1M7.8K
97BF/BBROWN FORMAN CORP CL BCOM0.29%$1M43.3K
98CANADIAN PAC LTD NEWCOM0.28%$1M14.5K
99NTRNUTRIEN LTD CO COMCOM0.28%$1M15.1K
100QQNITY ELECTRONICS INC.COM0.28%$1M9.7K

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 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 ↗.