Fruth Investment Management

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 18, 2024), Fruth Investment Management reported 217 stock positions worth $367.7 million. Its top holding was WW Grainger (GWW) at 4.6% of the portfolio, followed by Linde (LIN, 3.4%) and Exxon Mobil (XOM, 2.7%). Compared with Q1 2024, it opened 4 new positions, sold out of 9, added to 20 and reduced 84. The biggest buy was a new position in Viking (VIK) and the biggest sale an exit from Broadridge Financial Solutio (BR).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001416856
Portfolio Value
$367.7M (Q2 2024)
SEC Filing
0001416856-24-000003 ↗ filed Jul 18, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $384.3M Q1 2024 Q2 2024: $367.7M $367.7M Q2 2024 Q3 2024: $385.4M Q3 2024 Q4 2024: $363.1M Q4 2024 Q1 2025: $358.2M Q1 2025 Q2 2025: $368.0M Q2 2025 Q3 2025: $369.3M Q3 2025 Q4 2025: $370.7M Q4 2025 Q1 2026: $401.3M Q1 2026 Q2 2026: $420.6M Q2 2026

Holdings 217 stocks · $367.7M
GWW WW Grainger Inc. filed as GRAINGER W W INC 4.60% 18,736 $16.9M Reduce -1.5%
LIN Linde PLC 3.37% 28,210 $12.4M Reduce -1.7%
XOM Exxon Mobil Corp. 2.73% 87,179 $10.0M Add +3.9%
MSFT Microsoft Corp. 2.58% 21,227 $9.5M Reduce -0.4%
TSCO Tractor Supply Company 2.54% 34,635 $9.4M Reduce -2.8%
MA Mastercard Inc. Class A 2.53% 21,076 $9.3M No change
AAPL Apple Inc. 1.98% 34,524 $7.3M Reduce -0.2%
CVX Chevron Corp. 1.97% 46,306 $7.2M Reduce -0.2%
TT Trane Technologies PLC 1.89% 21,090 $6.9M Reduce -1.6%
ADP Automatic Data Processing 1.77% 27,242 $6.5M Reduce -0.6%
SBUX Starbucks Corp. 1.68% 79,499 $6.2M Reduce -0.9%
HSY The Hershey Co. 1.59% 31,757 $5.8M Add +1.7%
A Agilent Technologies Inc. 1.51% 42,926 $5.6M Reduce -2.4%
APD Air Products & Chemicals Inc. 1.51% 21,562 $5.6M Reduce -0.2%
ETN Eaton Corporation 1.49% 17,522 $5.5M Reduce -0.1%
DE Deere & Co. 1.32% 13,000 $4.9M No change
AMAT Applied Materials Inc. 1.31% 20,475 $4.8M No change
PEP Pepsico Inc. 1.30% 28,878 $4.8M Reduce -0.0%
EMR Emerson Electric Co. 1.24% 41,230 $4.5M Reduce -0.5%
COST Costco Wholesale Corp. 1.22% 5,260 $4.5M Reduce -0.2%
AIT Applied Industrial Tech Inc. 1.14% 21,640 $4.2M No change
CASY Casey's General Stores Inc. 1.09% 10,534 $4.0M Add +0.1%
UNP Union Pacific Corp. 1.04% 16,888 $3.8M Reduce -0.0%
JNJ Johnson & Johnson 1.01% 25,536 $3.7M No change
OLN Olin Corp. 0.99% 77,195 $3.6M Reduce -0.6%
MUSA Murphy USA Inc. 0.98% 7,691 $3.6M Reduce -0.7%
MPC Marathon Petroleum Corp. 0.98% 20,728 $3.6M Reduce -0.2%
PH Parker Hannifin Corp. 0.95% 6,940 $3.5M No change
ABT Abbott Laboratories 0.89% 31,466 $3.3M Reduce -3.0%
KEYS Keysight Technologies Inc. 0.88% 23,641 $3.2M Reduce -0.2%
HD Home Depot Inc. 0.84% 9,001 $3.1M Add +0.5%
CTAS Cintas Corp. 0.84% 4,391 $3.1M Reduce -6.3%
SYY Sysco Corp. 0.82% 42,326 $3.0M Reduce -1.9%
BG Bunge Global SA 0.81% 27,966 $3.0M Reduce -0.4%
KMB Kimberly-Clark Corp. 0.80% 21,319 $2.9M Reduce -1.8%
ADI Analog Devices Inc. 0.79% 12,760 $2.9M Reduce -0.8%
MKC McCormick & Co.-Non VTG SHRS 0.78% 40,487 $2.9M Reduce -2.2%
STE Steris Corp. 0.76% 12,668 $2.8M Add +0.1%
TXN Texas Instruments Inc. 0.75% 14,179 $2.8M Reduce -50.4%
VLO Valero Energy Corp. 0.73% 17,100 $2.7M Reduce -0.1%
AXP American Express Co. 0.73% 11,550 $2.7M No change
CAT Caterpillar Inc. 0.72% 7,923 $2.6M Reduce -1.4%
DOW Dow Inc. 0.71% 49,476 $2.6M Reduce -0.6%
MRK Merck & Co. Inc. 0.70% 20,837 $2.6M Add +0.2%
DRI Darden Restaurants Inc. 0.70% 17,023 $2.6M Reduce -0.7%
MUR Murphy Oil Corp. 0.70% 62,321 $2.6M No change
GRC Gorman-Rupp Co. 0.69% 69,012 $2.5M Reduce -0.7%
MSA Msa Safety Inc. 0.66% 13,025 $2.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.66% 24,373 $2.4M Add +0.1%
VIK Viking Holdings Ltd. 0.65% 70,800 $2.4M New
WRK Westrock Co. 0.63% 45,756 $2.3M Reduce -1.1%
LOW Lowe's Cos Inc. 0.60% 10,050 $2.2M No change
MIDD Middleby Corp. 0.60% 17,850 $2.2M Reduce -0.8%
HON Honeywell International Inc. 0.59% 10,122 $2.2M No change
BF.B Brown-Forman Corp. Class B 0.56% 47,886 $2.1M Reduce -0.1%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.56% 21,726 $2.1M Reduce -0.2%
KO The Coca-Cola Co. 0.56% 32,244 $2.1M Add +0.3%
SON Sonoco Products Co. 0.56% 40,375 $2.0M No change
KEX Kirby Corp. 0.55% 16,767 $2.0M Reduce -22.6%
CPK Chesapeake Utilities Corp. 0.54% 18,649 $2.0M Reduce -1.3%
NSC Norfolk Southern Corp. 0.52% 8,978 $1.9M Reduce -1.1%
TKR Timken Co. 0.50% 23,079 $1.8M Reduce -0.1%
CB Chubb Corp. 0.50% 7,213 $1.8M No change
PSX Phillips 66 0.50% 12,995 $1.8M Reduce -0.8%
AIN Albany Intl Corp. Class A 0.50% 21,700 $1.8M No change
OKE Oneok Inc. 0.49% 22,157 $1.8M Reduce -1.3%
LLY Eli Lilly & Co. 0.48% 1,935 $1.8M No change
FELE Franklin Electric Co. Inc. 0.47% 18,100 $1.7M Reduce -1.6%
INGERSOLL-RAND PLC 0.46% 18,796 $1.7M Reduce -0.3%
SYK Stryker Corp. 0.46% 5,000 $1.7M No change
GIS General Mills Inc. 0.46% 26,865 $1.7M Reduce -0.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.46% 35,945 $1.7M Reduce -0.6%
MRO Marathon Oil Corp. 0.46% 58,575 $1.7M No change
COP Conocophillips 0.45% 14,540 $1.7M Reduce -0.2%
CE Celanese Corp. 0.44% 11,975 $1.6M Reduce -0.4%
AVT Avnet Inc. 0.43% 30,944 $1.6M No change
ASIX Advansix Inc. 0.42% 68,060 $1.6M No change
DU PONT E I DE NEMOURS & CO 0.42% 19,079 $1.5M Reduce -0.5%
CTVA Corteva Inc. 0.39% 26,790 $1.4M No change
DOV Dover Corp. 0.39% 7,975 $1.4M No change
ATI Ati Inc. 0.36% 24,200 $1.3M Reduce -2.0%
MET Metlife Inc. 0.35% 18,557 $1.3M Add +0.3%
NEM Newmont Corp. 0.35% 30,999 $1.3M Reduce -0.3%
ATO Atmos Energy Corp. 0.34% 10,716 $1.3M Reduce -4.9%
CP Canadian Pac Railway 0.34% 15,652 $1.2M No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.33% 11,497 $1.2M No change
HES Hess Corp. 0.32% 8,100 $1.2M Reduce -2.4%
PAG Penske Automotive Group Inc. 0.32% 8,000 $1.2M No change
X United States Steel Corp. 0.32% 31,275 $1.2M No change
FIS Fidelity National Info Serv 0.31% 15,360 $1.2M Reduce -2.5%
STLD Steel Dynamics Inc. 0.30% 8,600 $1.1M No change
MTUS Metallus Inc. 0.30% 54,750 $1.1M No change
SCHW Schwab (charles) Corp. 0.30% 14,972 $1.1M Reduce -0.7%
MKL Markel Group Inc. 0.29% 685 $1.1M No change
ENB Enbridge Inc. 0.28% 28,722 $1.0M Add +0.2%
NTAP Netapp Inc. 0.27% 7,695 $991K No change
CMC Commercial Metals Co. 0.27% 18,000 $989K No change
SHW The Sherwin-Williams Co. 0.27% 3,300 $984K No change
CSX CSX Corp. 0.27% 29,300 $980K No change
CLF Cleveland-Cliffs Inc. 0.27% 63,725 $980K No change

Show all 217 holdings

Portfolio Sells Q1 2024 → Q2 2024
BR Broadridge Financial Solutio Sold out 0.00% −0.59
TXN Texas Instruments Inc. Reduce -50.4% 0.75% −0.55
GWW WW Grainger Inc. Reduce -1.5% 4.60% −0.44
ABBV Abbvie Inc. Sold out 0.00% −0.41
SBUX Starbucks Corp. Reduce -0.9% 1.68% −0.23
OLN Olin Corp. Reduce -0.6% 0.99% −0.20
MIDD Middleby Corp. Reduce -0.8% 0.60% −0.16
A Agilent Technologies Inc. Reduce -2.4% 1.51% −0.15
MPC Marathon Petroleum Corp. Reduce -0.2% 0.98% −0.11
LIN Linde PLC Reduce -1.7% 3.37% −0.10
CE Celanese Corp. Reduce -0.4% 0.44% −0.10
PXD Pioneer Natural Resources Co. Sold out 0.00% −0.10
SYY Sysco Corp. Reduce -1.9% 0.82% −0.09
KEYS Keysight Technologies Inc. Reduce -0.2% 0.88% −0.09
BF.B Brown-Forman Corp. Class B Reduce -0.1% 0.56% −0.08
NSC Norfolk Southern Corp. Reduce -1.1% 0.52% −0.08
ABT Abbott Laboratories Reduce -3.0% 0.89% −0.07
NUE Nucor Corp. Sold out 0.00% −0.06
PSX Phillips 66 Reduce -0.8% 0.50% −0.06
APA Apa Corp. Sold out 0.00% −0.06
CME Cme Group Inc. Sold out 0.00% −0.06
TEX Terex Corp. Sold out 0.00% −0.06
SLB SLB Ltd. Reduce -0.6% 0.46% −0.05
DVN Devon Energy Corp. Sold out 0.00% −0.05
CHX Championx Corp. Sold out 0.00% −0.05
CAT Caterpillar Inc. Reduce -1.4% 0.72% −0.05
BMY Bristol-Myers Squibb Co. Reduce -0.9% 0.18% −0.05
MKC McCormick & Co.-Non VTG SHRS Reduce -2.2% 0.78% −0.05
DRI Darden Restaurants Inc. Reduce -0.7% 0.70% −0.05
UNP Union Pacific Corp. Reduce -0.0% 1.04% −0.04
FELE Franklin Electric Co. Inc. Reduce -1.6% 0.47% −0.04
GT Goodyear Tire & Rubber Co. Reduce -1.3% 0.22% −0.04
DOW Dow Inc. Reduce -0.6% 0.71% −0.04
BHF Brighthouse Financial Inc. Reduce -13.8% 0.11% −0.04
VLO Valero Energy Corp. Reduce -0.1% 0.73% −0.03
COP Conocophillips Reduce -0.2% 0.45% −0.03
GIS General Mills Inc. Reduce -0.2% 0.46% −0.03
CAL Caleres Inc. Reduce -3.4% 0.13% −0.03
GRC Gorman-Rupp Co. Reduce -0.7% 0.69% −0.03
GAP The Gap Inc. Reduce -0.8% 0.21% −0.02
SWK Stanley Black & Decker Inc. Reduce -1.8% 0.12% −0.02
ALLE Allegion PLC Reduce -0.7% 0.24% −0.02
TKR Timken Co. Reduce -0.1% 0.50% −0.02
PEP Pepsico Inc. Reduce -0.0% 1.30% −0.02
HP Helmerich & Payne Reduce -3.8% 0.12% −0.02
PNC PNC Financial Services Group Reduce -22.4% 0.06% −0.02
KR Kroger Co. Reduce -3.9% 0.10% −0.01
ADP Automatic Data Processing Reduce -0.6% 1.77% −0.01
NGVT Ingevity Corp. Reduce -0.6% 0.22% −0.01
CC The Chemours Co. Reduce -1.1% 0.08% −0.01

Portfolio Buys Q1 2024 → Q2 2024
VIK Viking Holdings Ltd. New 0.65% +0.65
CASY Casey's General Stores Inc. Add +0.1% 1.09% +0.22
XOM Exxon Mobil Corp. Add +3.9% 2.73% +0.19
TPL Texas Pacific Land Corp. New 0.06% +0.06
CONSOL ENERGY INC New 0.06% +0.06
CLS Celestica Inc. New 0.05% +0.05
KO The Coca-Cola Co. Add +0.3% 0.56% +0.05
AZN Astrazeneca PLC-Spons ADR Add +0.7% 0.15% +0.03
STE Steris Corp. Add +0.1% 0.76% +0.02
RTX RTX Corp. Add +0.7% 0.20% +0.02
RGCO RGC Resources Inc. Add +9.2% 0.07% +0.01
ENB Enbridge Inc. Add +0.2% 0.28% +0.01
HSY The Hershey Co. Add +1.7% 1.59% +0.01
AVY Avery Dennison Corp. Add +1.2% 0.10% +0.00
VVV Valvoline Inc. Add +0.7% 0.15% +0.00
V Visa Inc. Class A Add +6.5% 0.06% +0.00
BDX Becton Dickinson and Co. Add +3.6% 0.07% +0.00
MET Metlife Inc. Add +0.3% 0.35% −0.00
DENN Denny's Corp. Add +3.8% 0.05% −0.01
RIG Transocean Ltd. Add +2.9% 0.12% −0.01
MRK Merck & Co. Inc. Add +0.2% 0.70% −0.01
INTC Intel Corp. Add +1.8% 0.09% −0.03
HD Home Depot Inc. Add +0.5% 0.84% −0.05
DIS The Walt Disney Co. Add +0.1% 0.66% −0.12

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 225$420.6MGWW, LIN, AMAT, XOM, MA
Q1 2026 229$401.3MGWW, XOM, LIN, CVX, MA
Q4 2025 220$370.7MGWW, MA, LIN, XOM, CVX
Q3 2025 215$369.3MGWW, LIN, MA, MSFT, XOM
Q2 2025 217$368.0MGWW, LIN, MA, MSFT, XOM
Q1 2025 218$358.2MGWW, LIN, MA, XOM, TSCO
Q4 2024 216$363.1MGWW, LIN, MA, XOM, TSCO
Q3 2024 219$385.4MGWW, LIN, MA, XOM, TSCO
Q2 2024 217$367.7MGWW, LIN, XOM, MSFT, TSCO
Q1 2024 222$384.3MGWW, LIN, MA, XOM, TSCO