Fruth Investment Management

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Fruth Investment Management reported 216 stock positions worth $363.1 million. Its top holding was WW Grainger (GWW) at 5.3% of the portfolio, followed by Linde (LIN, 3.2%) and Mastercard Class A (MA, 3.1%). Compared with Q3 2024, it opened 4 new positions, sold out of 7, added to 10 and reduced 128. The biggest buy was Conocophillips (COP, shares +95%) and the biggest sale an exit from Marathon Oil (MRO).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001416856
Portfolio Value
$363.1M (Q4 2024)
SEC Filing
0001416856-25-000001 ↗ filed Jan 27, 2025

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 Q3 2024 Q4 2024: $363.1M $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 216 stocks · $363.1M
GWW WW Grainger Inc. filed as GRAINGER W W INC 5.35% 18,412 $19.4M Reduce -0.4%
LIN Linde PLC 3.18% 27,592 $11.6M Reduce -1.8%
MA Mastercard Inc. Class A 3.06% 21,076 $11.1M No change
XOM Exxon Mobil Corp. 2.54% 85,747 $9.2M Reduce -1.4%
TSCO Tractor Supply Company 2.40% 164,125 $8.7M Reduce -0.6%
MSFT Microsoft Corp. 2.36% 20,335 $8.6M Reduce -1.3%
AAPL Apple Inc. 2.36% 34,181 $8.6M Reduce -0.2%
TT Trane Technologies PLC 2.14% 21,015 $7.8M Reduce -0.1%
ADP Automatic Data Processing 2.12% 26,254 $7.7M Reduce -0.6%
SBUX Starbucks Corp. 1.96% 77,799 $7.1M Reduce -1.6%
CVX Chevron Corp. 1.81% 45,366 $6.6M Reduce -1.8%
APD Air Products & Chemicals Inc. 1.68% 20,987 $6.1M Reduce -1.3%
A Agilent Technologies Inc. 1.55% 41,801 $5.6M Reduce -1.2%
DE Deere & Co. 1.52% 13,000 $5.5M No change
HSY The Hershey Co. 1.49% 31,992 $5.4M Add +1.7%
ETN Eaton Corporation 1.48% 16,242 $5.4M Reduce -4.6%
AIT Applied Industrial Tech Inc. 1.40% 21,175 $5.1M Reduce -1.9%
EMR Emerson Electric Co. 1.35% 39,533 $4.9M Reduce -2.4%
COST Costco Wholesale Corp. 1.31% 5,180 $4.7M Reduce -0.7%
CASY Casey's General Stores Inc. 1.23% 11,307 $4.5M Add +7.4%
PEP Pepsico Inc. 1.19% 28,398 $4.3M Reduce -0.8%
PH Parker Hannifin Corp. 1.12% 6,420 $4.1M Reduce -1.8%
MUSA Murphy USA Inc. 1.04% 7,556 $3.8M Reduce -1.6%
KEYS Keysight Technologies Inc. 1.01% 22,850 $3.7M Reduce -1.9%
JNJ Johnson & Johnson 1.01% 25,262 $3.7M Reduce -0.0%
UNP Union Pacific Corp. 0.99% 15,716 $3.6M No change
HD Home Depot Inc. 0.96% 8,951 $3.5M Reduce -0.5%
ABT Abbott Laboratories 0.95% 30,391 $3.4M Reduce -1.1%
AXP American Express Co. 0.92% 11,230 $3.3M Reduce -1.1%
AMAT Applied Materials Inc. 0.89% 19,925 $3.2M Reduce -1.5%
CTAS Cintas Corp. 0.88% 17,564 $3.2M No change
VIK Viking Holdings Ltd. 0.86% 70,500 $3.1M Reduce -1.8%
SYY Sysco Corp. 0.85% 40,356 $3.1M Reduce -2.5%
DRI Darden Restaurants Inc. 0.85% 16,475 $3.1M Reduce -0.1%
MKC McCormick & Co.-Non VTG SHRS 0.81% 38,775 $3.0M Reduce -2.5%
MPC Marathon Petroleum Corp. 0.79% 20,638 $2.9M Reduce -0.4%
CAT Caterpillar Inc. 0.79% 7,903 $2.9M No change
COP Conocophillips 0.77% 28,275 $2.8M Add +94.8%
KMB Kimberly-Clark Corp. 0.74% 20,459 $2.7M Reduce -1.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.72% 23,357 $2.6M Reduce -0.1%
TXN Texas Instruments Inc. 0.71% 13,824 $2.6M Reduce -0.7%
ADI Analog Devices Inc. 0.71% 12,180 $2.6M Reduce -1.5%
GRC Gorman-Rupp Co. 0.70% 66,948 $2.5M Reduce -0.7%
OLN Olin Corp. 0.69% 73,795 $2.5M Reduce -2.8%
STE Steris Corp. 0.67% 11,775 $2.4M Reduce -2.5%
HON Honeywell International Inc. 0.65% 10,372 $2.3M Add +5.6%
LOW Lowe's Cos Inc. 0.64% 9,345 $2.3M No change
SW Smurfit Westrock PLC 0.62% 41,556 $2.2M Reduce -6.0%
CPK Chesapeake Utilities Corp. 0.61% 18,399 $2.2M Reduce -1.3%
MIDD Middleby Corp. 0.61% 16,345 $2.2M Reduce -0.6%
BG Bunge Global SA 0.58% 27,216 $2.1M Reduce -1.3%
VLO Valero Energy Corp. 0.58% 17,100 $2.1M No change
OKE Oneok Inc. 0.57% 20,452 $2.1M Reduce -6.1%
DOW Dow Inc. 0.57% 51,140 $2.1M Add +5.7%
NSC Norfolk Southern Corp. 0.56% 8,608 $2.0M Reduce -0.8%
MSA Msa Safety Inc. 0.55% 12,100 $2.0M Reduce -2.4%
KO The Coca-Cola Co. 0.55% 31,989 $2.0M Reduce -0.1%
MRK Merck & Co. Inc. 0.54% 19,737 $2.0M Reduce -2.0%
SON Sonoco Products Co. 0.53% 39,420 $1.9M Reduce -1.4%
MUR Murphy Oil Corp. 0.52% 62,271 $1.9M Reduce -0.1%
ASIX Advansix Inc. 0.52% 65,910 $1.9M Reduce -1.0%
CB Chubb Corp. 0.51% 6,681 $1.8M Reduce -1.6%
BF.B Brown-Forman Corp. Class B 0.50% 47,660 $1.8M Reduce -0.2%
SYK Stryker Corp. 0.50% 5,000 $1.8M No change
KEX Kirby Corp. 0.49% 16,667 $1.8M No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.48% 20,746 $1.8M Reduce -3.2%
FELE Franklin Electric Co. Inc. 0.48% 17,800 $1.7M No change
INGERSOLL-RAND PLC 0.46% 18,475 $1.7M Reduce -0.5%
GIS General Mills Inc. 0.46% 26,080 $1.7M Reduce -0.7%
AIN Albany Intl Corp. Class A 0.46% 20,750 $1.7M Reduce -1.6%
TKR Timken Co. 0.45% 23,034 $1.6M Reduce -0.2%
AVT Avnet Inc. 0.45% 30,917 $1.6M Reduce -0.1%
DOV Dover Corp. 0.41% 7,975 $1.5M No change
CTVA Corteva Inc. 0.41% 26,255 $1.5M Reduce -0.5%
MET Metlife Inc. 0.41% 18,207 $1.5M Reduce -1.6%
PSX Phillips 66 0.39% 12,473 $1.4M Reduce -2.5%
DU PONT E I DE NEMOURS & CO 0.39% 18,444 $1.4M Reduce -1.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.37% 34,995 $1.3M Reduce -2.6%
ATO Atmos Energy Corp. 0.37% 9,626 $1.3M No change
FIS Fidelity National Info Serv 0.34% 15,133 $1.2M Reduce -0.6%
PAG Penske Automotive Group Inc. 0.34% 8,000 $1.2M No change
MKL Markel Group Inc. 0.33% 684 $1.2M Reduce -0.1%
CP Canadian Pac Railway 0.31% 15,742 $1.1M Add +0.6%
NEM Newmont Corp. 0.31% 30,549 $1.1M Reduce -0.2%
ENB Enbridge Inc. 0.31% 26,439 $1.1M Reduce -2.4%
SHW The Sherwin-Williams Co. 0.31% 3,300 $1.1M No change
SCHW Schwab (charles) Corp. 0.30% 14,756 $1.1M No change
X United States Steel Corp. 0.28% 30,275 $1.0M Reduce -3.2%
GLW Corning Inc. 0.27% 20,700 $983K Reduce -1.0%
STLD Steel Dynamics Inc. 0.27% 8,600 $981K No change
CSX CSX Corp. 0.26% 29,300 $945K No change
HES Hess Corp. 0.26% 7,100 $944K Reduce -12.3%
ALLE Allegion PLC 0.26% 7,161 $935K Reduce -0.4%
NTRS Northern Trust Corp. 0.25% 9,000 $922K Reduce -0.6%
BMY Bristol-Myers Squibb Co. 0.25% 16,130 $912K No change
ICE Intercontinental Exchange Inc. 0.25% 6,000 $894K No change
NTAP Netapp Inc. 0.24% 7,650 $888K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.24% 11,500 $883K No change
CMC Commercial Metals Co. 0.24% 17,400 $863K Reduce -3.3%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.23% 11,377 $853K Reduce -1.0%

Show all 216 holdings

Portfolio Sells Q3 2024 → Q4 2024
MRO Marathon Oil Corp. Sold out 0.00% −0.39
LIN Linde PLC Reduce -1.8% 3.18% −0.30
OLN Olin Corp. Reduce -2.8% 0.69% −0.26
CE Celanese Corp. Reduce -7.9% 0.20% −0.20
ATI Ati Inc. Reduce -39.0% 0.22% −0.20
AMAT Applied Materials Inc. Reduce -1.5% 0.89% −0.17
NEM Newmont Corp. Reduce -0.2% 0.31% −0.11
BF.B Brown-Forman Corp. Class B Reduce -0.2% 0.50% −0.11
BG Bunge Global SA Reduce -1.3% 0.58% −0.11
XOM Exxon Mobil Corp. Reduce -1.4% 2.54% −0.10
IFF Intl Flavors & Fragrances Reduce -3.2% 0.48% −0.10
TSCO Tractor Supply Company Reduce -0.6% 2.40% −0.09
STE Steris Corp. Reduce -2.5% 0.67% −0.09
PB Prosperity Bancshares Inc. Sold out 0.00% −0.09
A Agilent Technologies Inc. Reduce -1.2% 1.55% −0.08
MPC Marathon Petroleum Corp. Reduce -0.4% 0.79% −0.08
PEP Pepsico Inc. Reduce -0.8% 1.19% −0.07
EL Estee Lauder Companies Class A Reduce -1.0% 0.23% −0.06
JNJ Johnson & Johnson Reduce -0.0% 1.01% −0.06
SWK Stanley Black & Decker Inc. Reduce -16.1% 0.10% −0.06
JOE The St Joe Co. Sold out 0.00% −0.06
BDX Becton Dickinson and Co. Sold out 0.00% −0.05
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.05
MRK Merck & Co. Inc. Reduce -2.0% 0.54% −0.05
TKR Timken Co. Reduce -0.2% 0.45% −0.05
EBAY eBay Inc. Sold out 0.00% −0.05
TDG Transdigm Group Inc. Reduce -14.9% 0.20% −0.05
CLF Cleveland-Cliffs Inc. Reduce -1.4% 0.16% −0.05
KO The Coca-Cola Co. Reduce -0.1% 0.55% −0.05
SBUX Starbucks Corp. Reduce -1.6% 1.96% −0.05
GIS General Mills Inc. Reduce -0.7% 0.46% −0.04
PSX Phillips 66 Reduce -2.5% 0.39% −0.04
DU PONT E I DE NEMOURS & CO Reduce -1.3% 0.39% −0.04
EMN Eastman Chemical Co. Reduce -7.1% 0.16% −0.04
MATV Mativ Holdings Inc. Reduce -3.8% 0.07% −0.04
OWENS-ILLINOIS INC Reduce -4.8% 0.19% −0.04
SON Sonoco Products Co. Reduce -1.4% 0.53% −0.04
MKC McCormick & Co.-Non VTG SHRS Reduce -2.5% 0.81% −0.04
OGN Organon & Co. Reduce -0.5% 0.15% −0.03
TXN Texas Instruments Inc. Reduce -0.7% 0.71% −0.03
AIN Albany Intl Corp. Class A Reduce -1.6% 0.46% −0.03
DINO HF Sinclair Corp. Reduce -11.4% 0.08% −0.03
MUR Murphy Oil Corp. Reduce -0.1% 0.52% −0.03
KMB Kimberly-Clark Corp. Reduce -1.2% 0.74% −0.03
ADI Analog Devices Inc. Reduce -1.5% 0.71% −0.03
HES Hess Corp. Reduce -12.3% 0.26% −0.03
SCHP Schwab U.S. Tips ETF Reduce -18.4% 0.13% −0.02
AMGN Amgen Inc. Reduce -2.1% 0.12% −0.02
SWN Southwestern Energy Co. Sold out 0.00% −0.02
IMO Imperial Oil Ltd. Reduce -6.7% 0.14% −0.02

Portfolio Buys Q3 2024 → Q4 2024
COP Conocophillips Add +94.8% 0.77% +0.38
CASY Casey's General Stores Inc. Add +7.4% 1.23% +0.21
HON Honeywell International Inc. Add +5.6% 0.65% +0.12
CLS Celestica Inc. New 0.08% +0.08
CIEN Ciena Corp. New 0.06% +0.06
BLMN Bloomin' Brands Inc. New 0.04% +0.04
VTRS Viatris Inc. Add +0.6% 0.14% +0.02
DLTH Duluth Holdings Inc. Class B New 0.01% +0.01
ACCO Acco Brands Corp. Add +13.0% 0.02% +0.00
RGCO RGC Resources Inc. Add +5.3% 0.08% −0.00
RIG Transocean Ltd. Add +0.6% 0.09% −0.01
CP Canadian Pac Railway Add +0.6% 0.31% −0.03
HSY The Hershey Co. Add +1.7% 1.49% −0.07
DOW Dow Inc. Add +5.7% 0.57% −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