SPEECE THORSON CAPITAL GROUP INC
Long book
$439.0M
Q1 2026
Positions
38
Top-10 weight
36%
concentration
Last quarter
+9.4%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsSPEECE THORSON CAPITAL GROUP INC is a diversified fundamental manager, running a $439.0M US long book across 38 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: WHITE MOUNTAINS INSURANCE GP, COMMERCE BANCSHARES INC, HEXCEL CORP, SONOCO PRODUCTS CO, CASS INFORMATION SYSTEMS INC.
Over the last 9 quarters its long book ran on average 2.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.2%
Q2 2024
+10.1%
Q3 2024
-4.0%
Q4 2024
-1.3%
Q1 2025
-0.2%
Q2 2025
+4.0%
Q3 2025
-3.0%
Q4 2025
+6.9%
Q1 2026
+9.4%
Sector allocation
Industrials 21%
Financials 17%
Healthcare 15%
Other 14%
Consumer discretionary 12%
Services media 5%
Materials 4%
Consumer staples 3%
Long book by quarter
What does SPEECE THORSON own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WTM WHITE MOUNTAINS INSURANCE GP | Financials | 9.4K | $20.6M | 4.7% | -11.9% |
| CBSH COMMERCE BANCSHARES INC | Financials | 338.6K | $16.7M | 3.8% | -5.4% |
| HXL HEXCEL CORP | Materials | 205.0K | $16.6M | 3.8% | -28.0% |
| SON SONOCO PRODUCTS CO | Other | 306.6K | $16.6M | 3.8% | -7.5% |
| CASS CASS INFORMATION SYSTEMS INC | Services media | 354.2K | $15.6M | 3.6% | -2.8% |
| IEX IDEX CORP | Industrials | 80.1K | $15.2M | 3.5% | -5.9% |
| MGEE MGE ENERGY INC | Utilities | 189.5K | $14.7M | 3.3% | -3.1% |
| ARW ARROW ELECTRONICS INC | Consumer discretionary | 101.1K | $14.5M | 3.3% | -30.4% |
| RPM RPM INTERNATIONAL INC | Other | 145.0K | $14.4M | 3.3% | -8.1% |
| STE STERIS PLC | Healthcare | 64.4K | $14.2M | 3.2% | +23.8% |
| DVN DEVON ENERGY CORP | Energy | 281.6K | $14.2M | 3.2% | -7.2% |
| TTC TORO CO | Industrials | 150.2K | $14.0M | 3.2% | -23.6% |
| MSA MSA SAFETY INC | Healthcare | 85.2K | $14.0M | 3.2% | -8.6% |
| MTB M & T BANK CORP | Financials | 65.2K | $13.5M | 3.1% | -11.0% |
| GNTX GENTEX CORP | Industrials | 609.0K | $13.3M | 3.0% | -6.4% |
| WAB WABTEC CORP | Industrials | 52.7K | $13.2M | 3.0% | -27.2% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 284.5K | $12.9M | 2.9% | -7.5% |
| ZBH ZIMMER BIOMET HOLDINGS INC | Healthcare | 141.4K | $12.8M | 2.9% | -8.9% |
| TFX TELEFLEX INC | Healthcare | 106.3K | $12.7M | 2.9% | +27.1% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 127.0K | $11.7M | 2.7% | -14.3% |
| LH LABCORP HOLDINGS INC | Healthcare | 43.8K | $11.7M | 2.7% | -2.8% |
| AZZ AZZ INC | Industrials | 92.6K | $11.6M | 2.6% | -18.3% |
| SJM JM SMUCKER CO/THE | Consumer staples | 119.6K | $11.5M | 2.6% | -7.5% |
| ATR APTARGROUP INC | Other | 86.8K | $10.9M | 2.5% | -7.6% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 38.4K | $10.8M | 2.5% | -26.0% |
| MWA MUELLER WATER PRODUCTS INC-A | Industrials | 374.6K | $10.3M | 2.3% | -19.9% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 13.0K | $9.5M | 2.2% | -29.4% |
| BRO BROWN & BROWN INC | Financials | 144.1K | $9.4M | 2.1% | -8.3% |
| WRB WR BERKLEY CORP | Financials | 131.9K | $8.7M | 2.0% | -9.0% |
| TRMB TRIMBLE INC | Other | 114.4K | $7.5M | 1.7% | New |
| NTRS NORTHERN TRUST CORP | Financials | 53.0K | $7.4M | 1.7% | -18.8% |
| MHK MOHAWK INDUSTRIES INC | Other | 66.5K | $6.5M | 1.5% | -27.8% |
| TEX TEREX CORP | Industrials | 108.7K | $6.4M | 1.5% | New |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 38.5K | $6.4M | 1.5% | -38.7% |
| NSIT INSIGHT ENTERPRISES INC | Consumer discretionary | 84.4K | $5.7M | 1.3% | +1252.3% |
| FUL H.B. FULLER CO. | Other | 78.9K | $4.9M | 1.1% | New |
| MAX MEDIAALPHA INC-CLASS A | Services media | 499.0K | $4.6M | 1.1% | New |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 75.8K | $3.8M | 0.9% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 38 | $438.99B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 42 | $462.0M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 20, 2025 | 44 | $500.5M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 43 | $491.1M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 42 | $485.6M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 41 | $506.9M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 42 | $541.3M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 42 | $489.0M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 43 | $517.4M | $K fixed canonical | SEC ↗ |
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