Fruth Investment Management

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 11, 2024), Fruth Investment Management reported 219 stock positions worth $385.4 million. Its top holding was WW Grainger (GWW) at 5.0% of the portfolio, followed by Linde (LIN, 3.5%) and Mastercard Class A (MA, 2.7%). Compared with Q2 2024, it opened 6 new positions, sold out of 4, added to 7 and reduced 125. The biggest buy was a new position in Smurfit Westrock (SW) and the biggest sale an exit from Westrock (WRK).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001416856
Portfolio Value
$385.4M (Q3 2024)
SEC Filing
0001416856-24-000004 ↗ filed Oct 11, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $384.3M Q1 2024 Q2 2024: $367.7M Q2 2024 Q3 2024: $385.4M $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 219 stocks · $385.4M
GWW WW Grainger Inc. filed as GRAINGER W W INC 4.98% 18,494 $19.2M Reduce -1.3%
LIN Linde PLC 3.48% 28,110 $13.4M Reduce -0.3%
MA Mastercard Inc. Class A 2.70% 21,076 $10.4M No change
XOM Exxon Mobil Corp. 2.64% 86,944 $10.2M Reduce -0.3%
TSCO Tractor Supply Company 2.49% 33,035 $9.6M Reduce -4.6%
MSFT Microsoft Corp. 2.30% 20,607 $8.9M Reduce -2.9%
TT Trane Technologies PLC 2.12% 21,045 $8.2M Reduce -0.2%
AAPL Apple Inc. 2.07% 34,262 $8.0M Reduce -0.8%
SBUX Starbucks Corp. 2.00% 79,099 $7.7M Reduce -0.5%
ADP Automatic Data Processing 1.90% 26,404 $7.3M Reduce -3.1%
CVX Chevron Corp. 1.77% 46,205 $6.8M Reduce -0.2%
APD Air Products & Chemicals Inc. 1.64% 21,257 $6.3M Reduce -1.4%
A Agilent Technologies Inc. 1.63% 42,322 $6.3M Reduce -1.4%
HSY The Hershey Co. 1.57% 31,457 $6.0M Reduce -0.9%
ETN Eaton Corporation 1.46% 17,019 $5.6M Reduce -2.9%
DE Deere & Co. 1.41% 13,000 $5.4M No change
PEP Pepsico Inc. 1.26% 28,628 $4.9M Reduce -0.9%
AIT Applied Industrial Tech Inc. 1.25% 21,590 $4.8M Reduce -0.2%
COST Costco Wholesale Corp. 1.20% 5,215 $4.6M Reduce -0.9%
EMR Emerson Electric Co. 1.15% 40,503 $4.4M Reduce -1.8%
PH Parker Hannifin Corp. 1.07% 6,540 $4.1M Reduce -5.8%
JNJ Johnson & Johnson 1.06% 25,272 $4.1M Reduce -1.0%
AMAT Applied Materials Inc. 1.06% 20,225 $4.1M Reduce -1.2%
CASY Casey's General Stores Inc. 1.03% 10,527 $4.0M Reduce -0.1%
UNP Union Pacific Corp. 1.00% 15,716 $3.9M Reduce -6.9%
MUSA Murphy USA Inc. 0.98% 7,676 $3.8M Reduce -0.2%
KEYS Keysight Technologies Inc. 0.96% 23,295 $3.7M Reduce -1.5%
HD Home Depot Inc. 0.95% 9,000 $3.6M Reduce -0.0%
OLN Olin Corp. 0.94% 75,895 $3.6M Reduce -1.7%
CTAS Cintas Corp. 0.94% 17,564 $3.6M No change
ABT Abbott Laboratories 0.91% 30,716 $3.5M Reduce -2.4%
MPC Marathon Petroleum Corp. 0.88% 20,722 $3.4M Reduce -0.0%
MKC McCormick & Co.-Non VTG SHRS 0.85% 39,786 $3.3M Reduce -1.7%
SYY Sysco Corp. 0.84% 41,401 $3.2M Reduce -2.2%
CAT Caterpillar Inc. 0.80% 7,903 $3.1M Reduce -0.3%
AXP American Express Co. 0.80% 11,350 $3.1M Reduce -1.7%
KMB Kimberly-Clark Corp. 0.76% 20,709 $2.9M Reduce -2.9%
STE Steris Corp. 0.76% 12,075 $2.9M Reduce -4.7%
TXN Texas Instruments Inc. 0.75% 13,924 $2.9M Reduce -1.8%
ADI Analog Devices Inc. 0.74% 12,360 $2.8M Reduce -3.1%
DRI Darden Restaurants Inc. 0.70% 16,499 $2.7M Reduce -3.1%
BG Bunge Global SA 0.69% 27,566 $2.7M Reduce -1.4%
DOW Dow Inc. 0.69% 48,366 $2.6M Reduce -2.2%
GRC Gorman-Rupp Co. 0.68% 67,385 $2.6M Reduce -2.4%
LOW Lowe's Cos Inc. 0.66% 9,345 $2.5M Reduce -7.0%
VIK Viking Holdings Ltd. 0.65% 71,800 $2.5M Add +1.4%
BF.B Brown-Forman Corp. Class B 0.61% 47,752 $2.3M Reduce -0.3%
CPK Chesapeake Utilities Corp. 0.60% 18,649 $2.3M No change
VLO Valero Energy Corp. 0.60% 17,100 $2.3M No change
KO The Coca-Cola Co. 0.60% 32,014 $2.3M Reduce -0.7%
MRK Merck & Co. Inc. 0.59% 20,137 $2.3M Reduce -3.4%
MIDD Middleby Corp. 0.59% 16,435 $2.3M Reduce -7.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.58% 23,373 $2.2M Reduce -4.1%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.58% 21,426 $2.2M Reduce -1.4%
MSA Msa Safety Inc. 0.57% 12,400 $2.2M Reduce -4.8%
SON Sonoco Products Co. 0.57% 39,975 $2.2M Reduce -1.0%
SW Smurfit Westrock PLC 0.57% 44,192 $2.2M New
NSC Norfolk Southern Corp. 0.56% 8,678 $2.2M Reduce -3.3%
MUR Murphy Oil Corp. 0.55% 62,321 $2.1M No change
KEX Kirby Corp. 0.53% 16,667 $2.0M Reduce -0.6%
HON Honeywell International Inc. 0.53% 9,822 $2.0M Reduce -3.0%
ASIX Advansix Inc. 0.52% 66,557 $2.0M Reduce -2.2%
OKE Oneok Inc. 0.51% 21,777 $2.0M Reduce -1.7%
CB Chubb Corp. 0.51% 6,793 $2.0M Reduce -5.8%
TKR Timken Co. 0.50% 23,079 $1.9M No change
GIS General Mills Inc. 0.50% 26,265 $1.9M Reduce -2.2%
AIN Albany Intl Corp. Class A 0.49% 21,097 $1.9M Reduce -2.8%
FELE Franklin Electric Co. Inc. 0.48% 17,800 $1.9M Reduce -1.7%
INGERSOLL-RAND PLC 0.47% 18,571 $1.8M Reduce -1.2%
SYK Stryker Corp. 0.47% 5,000 $1.8M No change
PSX Phillips 66 0.44% 12,795 $1.7M Reduce -1.5%
AVT Avnet Inc. 0.44% 30,942 $1.7M Reduce -0.0%
DU PONT E I DE NEMOURS & CO 0.43% 18,679 $1.7M Reduce -2.1%
NEM Newmont Corp. 0.42% 30,599 $1.6M Reduce -1.3%
ATI Ati Inc. 0.42% 24,200 $1.6M No change
CE Celanese Corp. 0.40% 11,475 $1.6M Reduce -4.2%
CTVA Corteva Inc. 0.40% 26,390 $1.6M Reduce -1.5%
DOV Dover Corp. 0.40% 7,975 $1.5M No change
COP Conocophillips 0.40% 14,512 $1.5M Reduce -0.2%
MET Metlife Inc. 0.40% 18,507 $1.5M Reduce -0.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.39% 35,941 $1.5M Reduce -0.0%
MRO Marathon Oil Corp. 0.39% 56,571 $1.5M Reduce -3.4%
CP Canadian Pac Railway 0.35% 15,652 $1.3M No change
ATO Atmos Energy Corp. 0.35% 9,626 $1.3M Reduce -10.2%
PAG Penske Automotive Group Inc. 0.34% 8,000 $1.3M No change
FIS Fidelity National Info Serv 0.33% 15,225 $1.3M Reduce -0.9%
SHW The Sherwin-Williams Co. 0.33% 3,300 $1.3M No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.30% 11,497 $1.1M No change
X United States Steel Corp. 0.29% 31,275 $1.1M No change
ENB Enbridge Inc. 0.29% 27,085 $1.1M Reduce -5.7%
HES Hess Corp. 0.29% 8,100 $1.1M No change
STLD Steel Dynamics Inc. 0.28% 8,600 $1.1M No change
MKL Markel Group Inc. 0.28% 685 $1.1M No change
ALLE Allegion PLC 0.27% 7,189 $1.0M Reduce -1.8%
CSX CSX Corp. 0.26% 29,300 $1.0M No change
CMC Commercial Metals Co. 0.26% 18,000 $989K No change
ICE Intercontinental Exchange Inc. 0.25% 6,000 $963K No change
SCHW Schwab (charles) Corp. 0.25% 14,756 $956K Reduce -1.4%
TDG Transdigm Group Inc. 0.25% 670 $956K Reduce -0.7%
NTAP Netapp Inc. 0.24% 7,650 $944K Reduce -0.6%

Show all 219 holdings

Portfolio Sells Q2 2024 → Q3 2024
WRK Westrock Co. Sold out 0.00% −0.63
LLY Eli Lilly & Co. Sold out 0.00% −0.48
MSFT Microsoft Corp. Reduce -2.9% 2.30% −0.28
AMAT Applied Materials Inc. Reduce -1.2% 1.06% −0.25
CVX Chevron Corp. Reduce -0.2% 1.77% −0.20
BG Bunge Global SA Reduce -1.4% 0.69% −0.12
MRK Merck & Co. Inc. Reduce -3.4% 0.59% −0.11
MPC Marathon Petroleum Corp. Reduce -0.0% 0.88% −0.10
MSA Msa Safety Inc. Reduce -4.8% 0.57% −0.09
EMR Emerson Electric Co. Reduce -1.8% 1.15% −0.09
XOM Exxon Mobil Corp. Reduce -0.3% 2.64% −0.09
DIS The Walt Disney Co. Reduce -4.1% 0.58% −0.07
SLB SLB Ltd. Reduce -0.0% 0.39% −0.07
CASY Casey's General Stores Inc. Reduce -0.1% 1.03% −0.07
MRO Marathon Oil Corp. Reduce -3.4% 0.39% −0.07
PSX Phillips 66 Reduce -1.5% 0.44% −0.06
HON Honeywell International Inc. Reduce -3.0% 0.53% −0.06
GT Goodyear Tire & Rubber Co. Reduce -2.1% 0.16% −0.06
COP Conocophillips Reduce -0.2% 0.40% −0.06
CLS Celestica Inc. Sold out 0.00% −0.05
ADI Analog Devices Inc. Reduce -3.1% 0.74% −0.05
SCHW Schwab (charles) Corp. Reduce -1.4% 0.25% −0.05
TSCO Tractor Supply Company Reduce -4.6% 2.49% −0.05
OLN Olin Corp. Reduce -1.7% 0.94% −0.04
OXY Occidental Petroleum Corp. Reduce -0.1% 0.14% −0.04
KMB Kimberly-Clark Corp. Reduce -2.9% 0.76% −0.04
NGVT Ingevity Corp. Reduce -1.6% 0.18% −0.04
CE Celanese Corp. Reduce -4.2% 0.40% −0.03
UNP Union Pacific Corp. Reduce -6.9% 1.00% −0.03
PEP Pepsico Inc. Reduce -0.9% 1.26% −0.03
ETN Eaton Corporation Reduce -2.9% 1.46% −0.03
INTC Intel Corp. Reduce -6.2% 0.06% −0.03
GAP The Gap Inc. Reduce -3.0% 0.18% −0.03
RIG Transocean Ltd. Reduce -0.1% 0.09% −0.03
DOW Dow Inc. Reduce -2.2% 0.69% −0.03
NTR Nutrien Ltd. Reduce -2.5% 0.20% −0.03
BP BP PLC-Spons ADR Reduce -4.3% 0.10% −0.02
NTAP Netapp Inc. Reduce -0.6% 0.24% −0.02
OGN Organon & Co. Reduce -0.1% 0.18% −0.02
HSY The Hershey Co. Reduce -0.9% 1.57% −0.02
AVY Avery Dennison Corp. Reduce -19.7% 0.07% −0.02
F Ford Motor Co. Reduce -6.6% 0.06% −0.02
KEX Kirby Corp. Reduce -0.6% 0.53% −0.02
COST Costco Wholesale Corp. Reduce -0.9% 1.20% −0.02
SR Spire Inc. Reduce -12.7% 0.18% −0.01
IAG Iamgold Corp. Sold out 0.00% −0.01
BDX Becton Dickinson and Co. Reduce -18.6% 0.05% −0.01
CC The Chemours Co. Reduce -2.3% 0.07% −0.01
WFC Wells Fargo & Co. Reduce -3.1% 0.09% −0.01
CAL Caleres Inc. Reduce -3.5% 0.12% −0.01

Portfolio Buys Q2 2024 → Q3 2024
SW Smurfit Westrock PLC New 0.57% +0.57
K Kellanova New 0.06% +0.06
CME Cme Group Inc. New 0.06% +0.06
NDAQ Nasdaq Inc. New 0.06% +0.06
CBOE Cboe Global Markets Inc. New 0.05% +0.05
EBAY eBay Inc. New 0.05% +0.05
RGCO RGC Resources Inc. Add +10.1% 0.08% +0.01
V Visa Inc. Class A Add +0.1% 0.06% 0.00
VIK Viking Holdings Ltd. Add +1.4% 0.65% −0.00
KOS Kosmos Energy Ltd. Add +10.2% 0.03% −0.01
HP Helmerich & Payne Add +6.3% 0.11% −0.02
CTRA Coterra Energy Inc. Add +0.9% 0.20% −0.03
CLF Cleveland-Cliffs Inc. Add +0.2% 0.21% −0.06

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