Fruth Investment Management

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed June 5, 2025), Fruth Investment Management reported 218 stock positions worth $358.2 million. Its top holding was WW Grainger (GWW) at 5.0% of the portfolio, followed by Linde (LIN, 3.6%) and Mastercard Class A (MA, 3.2%). Compared with Q4 2024, it opened 8 new positions, sold out of 6, added to 11 and reduced 88. The biggest buy was Newmont (NEM, shares +1%) and the biggest sale WW Grainger (GWW, shares −2%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001416856
Portfolio Value
$358.2M (Q1 2025)
SEC Filing
0001416856-25-000002 ↗ filed Jun 5, 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 Q4 2024 Q1 2025: $358.2M $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 218 stocks · $358.2M
GWW WW Grainger Inc. filed as GRAINGER W W INC 4.97% 18,022 $17.8M Reduce -2.1%
LIN Linde PLC 3.58% 27,522 $12.8M Reduce -0.3%
MA Mastercard Inc. Class A 3.21% 20,976 $11.5M Reduce -0.5%
XOM Exxon Mobil Corp. 2.84% 85,538 $10.2M Reduce -0.2%
TSCO Tractor Supply Company 2.50% 162,650 $9.0M Reduce -0.9%
ADP Automatic Data Processing 2.23% 26,086 $8.0M Reduce -0.6%
MSFT Microsoft Corp. 2.13% 20,285 $7.6M Reduce -0.3%
SBUX Starbucks Corp. 2.11% 77,094 $7.6M Reduce -0.9%
CVX Chevron Corp. 2.10% 44,966 $7.5M Reduce -0.9%
AAPL Apple Inc. 2.06% 33,156 $7.4M Reduce -3.0%
TT Trane Technologies PLC 1.93% 20,520 $6.9M Reduce -2.4%
APD Air Products & Chemicals Inc. 1.72% 20,906 $6.2M Reduce -0.4%
DE Deere & Co. 1.70% 13,000 $6.1M No change
HSY The Hershey Co. 1.52% 31,924 $5.5M Reduce -0.2%
A Agilent Technologies Inc. 1.36% 41,551 $4.9M Reduce -0.6%
CASY Casey's General Stores Inc. 1.34% 11,032 $4.8M Reduce -2.4%
COST Costco Wholesale Corp. 1.34% 5,057 $4.8M Reduce -2.4%
AIT Applied Industrial Tech Inc. 1.33% 21,175 $4.8M No change
ETN Eaton Corporation 1.22% 16,092 $4.4M Reduce -0.9%
EMR Emerson Electric Co. 1.20% 39,210 $4.3M Reduce -0.8%
PEP Pepsico Inc. 1.18% 28,295 $4.2M Reduce -0.4%
JNJ Johnson & Johnson 1.17% 25,192 $4.2M Reduce -0.3%
ABT Abbott Laboratories 1.12% 30,286 $4.0M Reduce -0.3%
PH Parker Hannifin Corp. 1.07% 6,320 $3.8M Reduce -1.6%
UNP Union Pacific Corp. 1.03% 15,616 $3.7M Reduce -0.6%
CTAS Cintas Corp. 1.01% 17,549 $3.6M Reduce -0.1%
MUSA Murphy USA Inc. 0.99% 7,556 $3.5M No change
KEYS Keysight Technologies Inc. 0.95% 22,700 $3.4M Reduce -0.7%
DRI Darden Restaurants Inc. 0.94% 16,150 $3.4M Reduce -2.0%
HD Home Depot Inc. 0.91% 8,941 $3.3M Reduce -0.1%
MKC McCormick & Co.-Non VTG SHRS 0.89% 38,775 $3.2M No change
AXP American Express Co. 0.84% 11,230 $3.0M No change
SYY Sysco Corp. 0.84% 40,086 $3.0M Reduce -0.7%
MPC Marathon Petroleum Corp. 0.84% 20,638 $3.0M No change
COP Conocophillips 0.82% 28,139 $3.0M Reduce -0.5%
AMAT Applied Materials Inc. 0.80% 19,825 $2.9M Reduce -0.5%
KMB Kimberly-Clark Corp. 0.80% 20,109 $2.9M Reduce -1.7%
VIK Viking Holdings Ltd. 0.78% 70,500 $2.8M No change
STE Steris Corp. 0.74% 11,725 $2.7M Reduce -0.4%
CAT Caterpillar Inc. 0.73% 7,898 $2.6M Reduce -0.1%
TXN Texas Instruments Inc. 0.69% 13,669 $2.5M Reduce -1.1%
MIDD Middleby Corp. 0.69% 16,160 $2.5M Reduce -1.1%
ADI Analog Devices Inc. 0.68% 12,055 $2.4M Reduce -1.0%
CPK Chesapeake Utilities Corp. 0.66% 18,399 $2.4M No change
GRC Gorman-Rupp Co. 0.65% 66,548 $2.3M Reduce -0.6%
KO The Coca-Cola Co. 0.64% 31,989 $2.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.63% 22,967 $2.3M Reduce -1.7%
VLO Valero Energy Corp. 0.62% 16,750 $2.2M Reduce -2.0%
LOW Lowe's Cos Inc. 0.61% 9,345 $2.2M No change
HON Honeywell International Inc. 0.60% 10,072 $2.1M Reduce -2.9%
BG Bunge Global SA 0.58% 27,116 $2.1M Reduce -0.4%
NSC Norfolk Southern Corp. 0.56% 8,508 $2.0M Reduce -1.2%
OKE Oneok Inc. 0.56% 20,152 $2.0M Reduce -1.5%
SYK Stryker Corp. 0.52% 5,000 $1.9M No change
SW Smurfit Westrock PLC 0.52% 41,278 $1.9M Reduce -0.7%
SON Sonoco Products Co. 0.52% 39,270 $1.9M Reduce -0.4%
DOW Dow Inc. 0.50% 51,706 $1.8M Add +1.1%
OLN Olin Corp. 0.50% 74,095 $1.8M Add +0.4%
MSA Msa Safety Inc. 0.50% 12,100 $1.8M No change
MRK Merck & Co. Inc. 0.49% 19,637 $1.8M Reduce -0.5%
MUR Murphy Oil Corp. 0.49% 62,071 $1.8M Reduce -0.3%
FELE Franklin Electric Co. Inc. 0.47% 17,800 $1.7M No change
TKR Timken Co. 0.46% 23,034 $1.7M No change
KEX Kirby Corp. 0.46% 16,367 $1.7M Reduce -1.8%
CTVA Corteva Inc. 0.46% 26,255 $1.7M No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.44% 20,521 $1.6M Reduce -1.1%
BF.B Brown-Forman Corp. Class B 0.44% 46,068 $1.6M Reduce -3.3%
GIS General Mills Inc. 0.43% 25,880 $1.5M Reduce -0.8%
PSX Phillips 66 0.43% 12,473 $1.5M No change
NEM Newmont Corp. 0.42% 30,949 $1.5M Add +1.3%
ATO Atmos Energy Corp. 0.42% 9,626 $1.5M No change
ASIX Advansix Inc. 0.41% 65,310 $1.5M Reduce -0.9%
INGERSOLL-RAND PLC 0.41% 18,475 $1.5M No change
AVT Avnet Inc. 0.41% 30,680 $1.5M Reduce -0.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.41% 34,995 $1.5M No change
MET Metlife Inc. 0.41% 18,207 $1.5M No change
AIN Albany Intl Corp. Class A 0.39% 20,250 $1.4M Reduce -2.4%
DOV Dover Corp. 0.39% 7,925 $1.4M Reduce -0.6%
DU PONT E I DE NEMOURS & CO 0.38% 18,269 $1.4M Reduce -0.9%
X United States Steel Corp. 0.36% 30,275 $1.3M No change
MKL Markel Group Inc. 0.36% 684 $1.3M No change
ENB Enbridge Inc. 0.33% 26,439 $1.2M No change
SHW The Sherwin-Williams Co. 0.32% 3,300 $1.2M No change
PAG Penske Automotive Group Inc. 0.32% 8,000 $1.2M No change
HES Hess Corp. 0.32% 7,100 $1.1M No change
SCHW Schwab (charles) Corp. 0.32% 14,456 $1.1M Reduce -2.0%
FIS Fidelity National Info Serv 0.31% 15,098 $1.1M Reduce -0.2%
CP Canadian Pac Railway 0.31% 15,742 $1.1M No change
STLD Steel Dynamics Inc. 0.30% 8,600 $1.1M No change
AGI Alamos Gold Inc. Class A 0.30% 40,000 $1.1M No change
ICE Intercontinental Exchange Inc. 0.29% 6,000 $1.0M No change
BMY Bristol-Myers Squibb Co. 0.27% 16,130 $983K No change
RTX RTX Corp. 0.27% 7,320 $969K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.27% 11,500 $964K No change
FNV Franco-Nevada Corp. 0.27% 6,050 $953K No change
GLW Corning Inc. 0.26% 20,700 $947K No change
ALLE Allegion PLC 0.26% 7,161 $934K No change
MMM 3M Co. 0.25% 6,090 $894K No change
CTRA Coterra Energy Inc. 0.25% 30,814 $890K No change
NTRS Northern Trust Corp. 0.25% 9,000 $887K No change

Show all 218 holdings

Portfolio Sells Q4 2024 → Q1 2025
GWW WW Grainger Inc. Reduce -2.1% 4.97% −0.38
AAPL Apple Inc. Reduce -3.0% 2.06% −0.30
ETN Eaton Corporation Reduce -0.9% 1.22% −0.26
MSFT Microsoft Corp. Reduce -0.3% 2.13% −0.23
TT Trane Technologies PLC Reduce -2.4% 1.93% −0.21
DFS Discover Financial Services Sold out 0.00% −0.19
A Agilent Technologies Inc. Reduce -0.6% 1.36% −0.19
EMR Emerson Electric Co. Reduce -0.8% 1.20% −0.15
ASIX Advansix Inc. Reduce -0.9% 0.41% −0.10
SW Smurfit Westrock PLC Reduce -0.7% 0.52% −0.10
AMAT Applied Materials Inc. Reduce -0.5% 0.80% −0.09
DIS The Walt Disney Co. Reduce -1.7% 0.63% −0.08
CLS Celestica Inc. Sold out 0.00% −0.08
NTAP Netapp Inc. Reduce -6.5% 0.18% −0.07
AIN Albany Intl Corp. Class A Reduce -2.4% 0.39% −0.07
ASH Ashland Inc. Sold out 0.00% −0.06
CAT Caterpillar Inc. Reduce -0.1% 0.73% −0.06
BF.B Brown-Forman Corp. Class B Reduce -3.3% 0.44% −0.06
KEYS Keysight Technologies Inc. Reduce -0.7% 0.95% −0.06
CONSOL ENERGY INC Sold out 0.00% −0.06
CIEN Ciena Corp. Sold out 0.00% −0.06
PH Parker Hannifin Corp. Reduce -1.6% 1.07% −0.05
HON Honeywell International Inc. Reduce -2.9% 0.60% −0.05
CE Celanese Corp. Reduce -9.5% 0.15% −0.05
MRK Merck & Co. Inc. Reduce -0.5% 0.49% −0.05
GRC Gorman-Rupp Co. Reduce -0.6% 0.65% −0.05
HD Home Depot Inc. Reduce -0.1% 0.91% −0.04
VTRS Viatris Inc. Reduce -0.5% 0.10% −0.04
IFF Intl Flavors & Fragrances Reduce -1.1% 0.44% −0.04
FLR Fluor Corp. Reduce -0.5% 0.09% −0.03
ADI Analog Devices Inc. Reduce -1.0% 0.68% −0.03
AVT Avnet Inc. Reduce -0.8% 0.41% −0.03
MATV Mativ Holdings Inc. Reduce -0.8% 0.04% −0.03
TXN Texas Instruments Inc. Reduce -1.1% 0.69% −0.03
MUR Murphy Oil Corp. Reduce -0.3% 0.49% −0.03
GIS General Mills Inc. Reduce -0.8% 0.43% −0.03
GAP The Gap Inc. Reduce -0.3% 0.18% −0.02
KEX Kirby Corp. Reduce -1.8% 0.46% −0.02
DOV Dover Corp. Reduce -0.6% 0.39% −0.02
FIS Fidelity National Info Serv Reduce -0.2% 0.31% −0.02
CSX CSX Corp. Reduce -0.3% 0.24% −0.02
IVAC Intevac Inc. Sold out 0.00% −0.01
PCAR Paccar Inc. Reduce -0.9% 0.22% −0.01
SCHP Schwab U.S. Tips ETF Reduce -15.3% 0.11% −0.01
SON Sonoco Products Co. Reduce -0.4% 0.52% −0.01
ATI Ati Inc. Reduce -1.4% 0.21% −0.01
CC The Chemours Co. Reduce -1.7% 0.04% −0.01
PFE Pfizer Inc. Reduce -1.9% 0.20% −0.01
SYY Sysco Corp. Reduce -0.7% 0.84% −0.01
RL Ralph Lauren Corp. Reduce -5.6% 0.10% −0.01

Portfolio Buys Q4 2024 → Q1 2025
NEM Newmont Corp. Add +1.3% 0.42% +0.10
DNOW Dnow Inc. New 0.10% +0.10
AEM Agnico Eagle Mines Ltd. Add +10.3% 0.21% +0.07
WPM Wheaton Precious Metals Corp. New 0.07% +0.07
GILD Gilead Sciences Inc. New 0.07% +0.07
CBOE Cboe Global Markets Inc. New 0.06% +0.06
ASA ASA Gold and Precious Metals New 0.06% +0.06
EBAY eBay Inc. New 0.06% +0.06
PAAS Pan American Silver Corp. New 0.06% +0.06
TWENTY FIRST CENTY FOX INC CL A New 0.06% +0.06
B Barrick Gold Corp. Add +2.2% 0.10% +0.02
MOS The Mosaic Co. Add +2.7% 0.14% +0.02
ACCO Acco Brands Corp. Add +3.9% 0.02% −0.00
RIG Transocean Ltd. Add +5.6% 0.08% −0.01
DENN Denny's Corp. Add +3.9% 0.03% −0.02
CLF Cleveland-Cliffs Inc. Add +1.4% 0.15% −0.02
CAL Caleres Inc. Add +3.7% 0.07% −0.02
DOW Dow Inc. Add +1.1% 0.50% −0.06
OLN Olin Corp. Add +0.4% 0.50% −0.19

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