Fruth Investment Management
Long book
$401.3M
Q1 2026
Positions
229
Top-10 weight
25%
concentration
Last quarter
+7.5%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsFruth Investment Management is an institutional manager, running a $401.3M US long book across 229 positions.
The portfolio is moderately concentrated (top 10 ≈ 25% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: WW GRAINGER INC, EXXON MOBIL CORP, The Linde Group PLC, CHEVRON CORP, MASTERCARD INC - A.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.1%
Q2 2024
+7.4%
Q3 2024
-3.8%
Q4 2024
+0.0%
Q1 2025
+3.4%
Q2 2025
+4.2%
Q3 2025
+1.7%
Q4 2025
+9.2%
Q1 2026
+7.5%
Sector allocation
Consumer discretionary 19%
Industrials 18%
Energy 14%
Technology 12%
Materials 7%
Healthcare 7%
Consumer staples 6%
Financials 5%
Long book by quarter
What does Fruth Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GWW WW GRAINGER INC | Consumer discretionary | 16.6K | $18.1M | 4.5% | -2.9% |
| XOM EXXON MOBIL CORP | Energy | 80.4K | $13.6M | 3.4% | -0.3% |
| CVX CHEVRON CORP | Energy | 52.9K | $10.9M | 2.7% | -0.9% |
| MA MASTERCARD INC - A | Services media | 20.9K | $10.4M | 2.6% | Held |
| TT TRANE TECHNOLOGIES PLC | Technology | 18.3K | $7.6M | 1.9% | -2.5% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 10.2K | $7.5M | 1.9% | -2.1% |
| DE DEERE & CO | Industrials | 12.2K | $6.9M | 1.7% | -2.2% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 150.2K | $6.8M | 1.7% | -3.2% |
| AMAT APPLIED MATERIALS INC | Technology | 18.3K | $6.3M | 1.6% | -2.1% |
| HSY HERSHEY CO/THE | Consumer staples | 30.1K | $6.3M | 1.6% | -2.7% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 21.8K | $6.1M | 1.5% | -1.3% |
| SBUX STARBUCKS CORP | Consumer discretionary | 67.1K | $6.0M | 1.5% | -2.7% |
| AAPL APPLE INC | Technology | 23.5K | $6.0M | 1.5% | -0.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 24.1K | $5.9M | 1.5% | -0.9% |
| MSFT MICROSOFT CORP | Technology | 14.8K | $5.5M | 1.4% | -11.2% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 18.5K | $5.4M | 1.3% | -6.0% |
| PH PARKER HANNIFIN CORP | Industrials | 5.9K | $5.3M | 1.3% | -2.1% |
| AIT APPLIED INDUSTRIAL TECH INC | Consumer discretionary | 19.9K | $5.3M | 1.3% | -0.5% |
| CAT CATERPILLAR INC | Industrials | 7.2K | $5.1M | 1.3% | -4.4% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 24.9K | $5.1M | 1.3% | -1.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 5.0K | $5.0M | 1.2% | -0.1% |
| VIK VIKING HOLDINGS LTD | Industrials | 65.0K | $4.8M | 1.2% | -2.3% |
| MPC MARATHON PETROLEUM CORP | Energy | 19.4K | $4.7M | 1.2% | -2.0% |
| EMR EMERSON ELECTRIC CO | Industrials | 35.4K | $4.6M | 1.2% | -3.4% |
| A AGILENT TECHNOLOGIES INC | Healthcare | 39.1K | $4.5M | 1.1% | -1.6% |
| PEP PEPSICO INC | Consumer staples | 27.1K | $4.2M | 1.0% | -0.8% |
| GRC GORMAN-RUPP CO | Industrials | 62.4K | $3.9M | 1.0% | -1.2% |
| UNP UNION PACIFIC CORP | Industrials | 15.6K | $3.8M | 0.9% | -0.1% |
| VLO VALERO ENERGY CORP | Energy | 15.3K | $3.8M | 0.9% | -5.0% |
| ADI ANALOG DEVICES INC | Technology | 11.5K | $3.6M | 0.9% | -3.6% |
| COP CONOCOPHILLIPS | Energy | 27.6K | $3.6M | 0.9% | -0.6% |
| MUSA MURPHY USA INC | Consumer discretionary | 7.2K | $3.6M | 0.9% | -1.8% |
| NEM NEWMONT CORP | Materials | 31.9K | $3.5M | 0.9% | +0.1% |
| BG BUNGE GLOBAL SA | Consumer staples | 26.4K | $3.4M | 0.8% | -1.4% |
| AXP AMERICAN EXPRESS CO | Financials | 10.9K | $3.3M | 0.8% | -1.0% |
| DRI DARDEN RESTAURANTS INC | Consumer discretionary | 15.6K | $3.1M | 0.8% | -1.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 29.3K | $3.0M | 0.7% | -1.2% |
| CTAS CINTAS CORP | Other | 17.2K | $2.9M | 0.7% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 8.7K | $2.9M | 0.7% | -1.5% |
| SYY SYSCO CORP | Consumer discretionary | 37.8K | $2.7M | 0.7% | -2.3% |
| SLB SLB LTD | Energy | 51.3K | $2.6M | 0.7% | +32.9% |
| GLW CORNING INC | Industrials | 19.3K | $2.6M | 0.7% | -3.8% |
| STE STERIS PLC | Healthcare | 11.3K | $2.5M | 0.6% | -0.4% |
| MUR MURPHY OIL CORP | Energy | 60.3K | $2.5M | 0.6% | -0.8% |
| TXN TEXAS INSTRUMENTS INC | Technology | 12.0K | $2.3M | 0.6% | -3.2% |
| CPK CHESAPEAKE UTILITIES CORP | Utilities | 17.8K | $2.3M | 0.6% | Held |
| TKR TIMKEN CO | Industrials | 22.2K | $2.2M | 0.6% | -0.2% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 9.8K | $2.2M | 0.6% | Held |
| MRK MERCK & CO. INC. | Healthcare | 18.1K | $2.2M | 0.5% | -1.6% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 7.5K | $2.2M | 0.5% | -3.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 229 | $401.3M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 220 | $370.7M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 215 | $369.3M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 217 | $368.0M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Jun 5, 2025 | 219 | $360.2M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 216 | $363.1M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 11, 2024 | 219 | $385.4M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 217 | $367.7M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 222 | $389.8M | $K fixed canonical | SEC ↗ |
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