Fruth Investment Management

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 11, 2025), Fruth Investment Management reported 217 stock positions worth $368.0 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, 3.2%). Compared with Q1 2025, it opened 3 new positions, sold out of 4, added to 8 and reduced 96. The biggest buy was a new position in Oracle (ORCL) and the biggest sale an exit from United States Steel (X).

Most Recent 13F
Q3 2026
Location
HOUSTON, TX
CIK
0001416856
Portfolio Value
$368.0M (Q2 2025)
SEC Filing
0001416856-25-000004 ↗ filed Jul 11, 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 Q1 2025 Q2 2025: $368.0M $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 Q3 2026: $409.3M Q3 2026

Holdings 217 stocks · $368.0M
GWW WW Grainger Inc. filed as GRAINGER W W INC 5.02% 17,745 $18.5M Reduce -1.5%
LIN Linde PLC 3.46% 27,147 $12.7M Reduce -1.4%
MA Mastercard Inc. Class A 3.20% 20,926 $11.8M Reduce -0.2%
MSFT Microsoft Corp. 2.69% 19,925 $9.9M Reduce -1.8%
XOM Exxon Mobil Corp. 2.50% 85,312 $9.2M Reduce -0.3%
TT Trane Technologies PLC 2.42% 20,335 $8.9M Reduce -0.9%
TSCO Tractor Supply Company 2.32% 161,750 $8.5M Reduce -0.6%
ADP Automatic Data Processing 2.18% 25,962 $8.0M Reduce -0.5%
SBUX Starbucks Corp. 1.91% 76,533 $7.0M Reduce -0.7%
AAPL Apple Inc. 1.85% 33,141 $6.8M Reduce -0.1%
DE Deere & Co. 1.79% 12,980 $6.6M Reduce -0.1%
CVX Chevron Corp. 1.74% 44,841 $6.4M Reduce -0.3%
APD Air Products & Chemicals Inc. 1.59% 20,717 $5.8M Reduce -0.9%
ETN Eaton Corporation 1.56% 16,072 $5.7M Reduce -0.1%
CASY Casey's General Stores Inc. 1.50% 10,805 $5.5M Reduce -2.1%
HSY The Hershey Co. 1.43% 31,741 $5.3M Reduce -0.6%
EMR Emerson Electric Co. 1.41% 39,032 $5.2M Reduce -0.5%
COST Costco Wholesale Corp. 1.36% 5,040 $5.0M Reduce -0.3%
A Agilent Technologies Inc. 1.32% 41,277 $4.9M Reduce -0.7%
AIT Applied Industrial Tech Inc. 1.31% 20,803 $4.8M Reduce -1.8%
PH Parker Hannifin Corp. 1.20% 6,320 $4.4M No change
ABT Abbott Laboratories 1.11% 30,079 $4.1M Reduce -0.7%
CTAS Cintas Corp. 1.04% 17,249 $3.8M Reduce -1.7%
JNJ Johnson & Johnson 1.04% 25,020 $3.8M Reduce -0.7%
PEP Pepsico Inc. 1.01% 28,254 $3.7M Reduce -0.1%
VIK Viking Holdings Ltd. 1.01% 69,819 $3.7M Reduce -1.0%
KEYS Keysight Technologies Inc. 1.01% 22,667 $3.7M Reduce -0.1%
AMAT Applied Materials Inc. 0.98% 19,775 $3.6M Reduce -0.3%
UNP Union Pacific Corp. 0.98% 15,616 $3.6M No change
AXP American Express Co. 0.97% 11,210 $3.6M Reduce -0.2%
DRI Darden Restaurants Inc. 0.96% 16,150 $3.5M No change
MPC Marathon Petroleum Corp. 0.92% 20,338 $3.4M Reduce -1.4%
HD Home Depot Inc. 0.89% 8,906 $3.3M Reduce -0.4%
CAT Caterpillar Inc. 0.83% 7,878 $3.1M Reduce -0.3%
SYY Sysco Corp. 0.82% 39,972 $3.0M Reduce -0.3%
MUSA Murphy USA Inc. 0.81% 7,371 $3.0M Reduce -2.5%
MKC McCormick & Co.-Non VTG SHRS 0.79% 38,280 $2.9M Reduce -1.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.77% 22,967 $2.8M No change
ADI Analog Devices Inc. 0.77% 11,900 $2.8M Reduce -1.3%
STE Steris Corp. 0.75% 11,560 $2.8M Reduce -1.4%
TXN Texas Instruments Inc. 0.75% 13,272 $2.8M Reduce -2.9%
KMB Kimberly-Clark Corp. 0.70% 19,934 $2.6M Reduce -0.9%
COP Conocophillips 0.69% 28,127 $2.5M Reduce -0.0%
GRC Gorman-Rupp Co. 0.66% 65,798 $2.4M Reduce -1.1%
HON Honeywell International Inc. 0.64% 10,072 $2.3M No change
MIDD Middleby Corp. 0.63% 16,035 $2.3M Reduce -0.8%
KO The Coca-Cola Co. 0.61% 31,989 $2.3M No change
VLO Valero Energy Corp. 0.61% 16,750 $2.3M No change
CPK Chesapeake Utilities Corp. 0.59% 18,149 $2.2M Reduce -1.4%
BG Bunge Global SA 0.59% 27,116 $2.2M No change
NSC Norfolk Southern Corp. 0.59% 8,458 $2.2M Reduce -0.6%
LOW Lowe's Cos Inc. 0.55% 9,200 $2.0M Reduce -1.6%
MSA Msa Safety Inc. 0.55% 12,055 $2.0M Reduce -0.4%
SYK Stryker Corp. 0.54% 5,000 $2.0M No change
CTVA Corteva Inc. 0.53% 25,955 $1.9M Reduce -1.1%
CB Chubb Corp. 0.52% 6,621 $1.9M Reduce -0.9%
KEX Kirby Corp. 0.50% 16,167 $1.8M Reduce -1.2%
NEM Newmont Corp. 0.49% 30,674 $1.8M Reduce -0.9%
SW Smurfit Westrock PLC 0.47% 40,057 $1.7M Reduce -3.0%
SON Sonoco Products Co. 0.46% 39,245 $1.7M Reduce -0.1%
TKR Timken Co. 0.45% 23,034 $1.7M No change
OKE Oneok Inc. 0.45% 20,152 $1.6M No change
FELE Franklin Electric Co. Inc. 0.43% 17,800 $1.6M No change
AVT Avnet Inc. 0.43% 30,035 $1.6M Reduce -2.1%
ASIX Advansix Inc. 0.42% 64,903 $1.5M Reduce -0.6%
INGERSOLL-RAND PLC 0.42% 18,389 $1.5M Reduce -0.5%
MRK Merck & Co. Inc. 0.41% 19,237 $1.5M Reduce -2.0%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.41% 20,389 $1.5M Reduce -0.6%
ATO Atmos Energy Corp. 0.40% 9,581 $1.5M Reduce -0.5%
OLN Olin Corp. 0.40% 73,429 $1.5M Reduce -0.9%
MET Metlife Inc. 0.40% 18,125 $1.5M Reduce -0.5%
DOV Dover Corp. 0.39% 7,925 $1.5M No change
PSX Phillips 66 0.39% 12,173 $1.5M Reduce -2.4%
AIN Albany Intl Corp. Class A 0.38% 20,130 $1.4M Reduce -0.6%
MUR Murphy Oil Corp. 0.38% 61,821 $1.4M Reduce -0.4%
DOW Dow Inc. 0.38% 52,156 $1.4M Add +0.9%
PAG Penske Automotive Group Inc. 0.37% 8,000 $1.4M No change
MKL Markel Group Inc. 0.37% 684 $1.4M No change
GIS General Mills Inc. 0.36% 25,880 $1.3M No change
SCHW Schwab (charles) Corp. 0.36% 14,456 $1.3M No change
ATI Ati Inc. 0.34% 14,550 $1.3M No change
DU PONT E I DE NEMOURS & CO 0.34% 18,244 $1.3M Reduce -0.1%
CP Canadian Pac Railway 0.34% 15,742 $1.2M No change
BF.B Brown-Forman Corp. Class B 0.34% 45,993 $1.2M Reduce -0.2%
FIS Fidelity National Info Serv 0.33% 15,098 $1.2M No change
ENB Enbridge Inc. 0.33% 26,439 $1.2M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.32% 34,714 $1.2M Reduce -0.8%
NTRS Northern Trust Corp. 0.31% 9,000 $1.1M No change
SHW The Sherwin-Williams Co. 0.31% 3,300 $1.1M No change
ICE Intercontinental Exchange Inc. 0.30% 6,000 $1.1M No change
STLD Steel Dynamics Inc. 0.30% 8,600 $1.1M No change
GLW Corning Inc. 0.30% 20,700 $1.1M No change
RTX RTX Corp. 0.29% 7,320 $1.1M No change
AGI Alamos Gold Inc. Class A 0.29% 40,000 $1.1M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.28% 11,405 $1.0M Reduce -0.8%
ALLE Allegion PLC 0.28% 7,123 $1.0M Reduce -0.5%
HES Hess Corp. 0.27% 7,200 $997K Add +1.4%
FNV Franco-Nevada Corp. 0.26% 5,875 $963K Reduce -2.9%
CSX CSX Corp. 0.26% 29,200 $952K No change
MMM 3M Co. 0.25% 6,090 $927K No change

Show all 217 holdings

Portfolio Sells Q1 2025 → Q2 2025
X United States Steel Corp. Sold out 0.00% −0.36
CVX Chevron Corp. Reduce -0.3% 1.74% −0.36
XOM Exxon Mobil Corp. Reduce -0.3% 2.50% −0.34
AAPL Apple Inc. Reduce -0.1% 1.85% −0.21
SBUX Starbucks Corp. Reduce -0.7% 1.91% −0.21
TSCO Tractor Supply Company Reduce -0.6% 2.32% −0.18
MUSA Murphy USA Inc. Reduce -2.5% 0.81% −0.18
PEP Pepsico Inc. Reduce -0.1% 1.01% −0.17
COP Conocophillips Reduce -0.0% 0.69% −0.14
APD Air Products & Chemicals Inc. Reduce -0.9% 1.59% −0.13
JNJ Johnson & Johnson Reduce -0.7% 1.04% −0.13
LIN Linde PLC Reduce -1.4% 3.46% −0.12
MUR Murphy Oil Corp. Reduce -0.4% 0.38% −0.11
MKC McCormick & Co.-Non VTG SHRS Reduce -1.3% 0.79% −0.10
OLN Olin Corp. Reduce -0.9% 0.40% −0.10
BF.B Brown-Forman Corp. Class B Reduce -0.2% 0.34% −0.10
KMB Kimberly-Clark Corp. Reduce -0.9% 0.70% −0.10
HSY The Hershey Co. Reduce -0.6% 1.43% −0.09
SLB SLB Ltd. Reduce -0.8% 0.32% −0.09
MRK Merck & Co. Inc. Reduce -2.0% 0.41% −0.08
CPK Chesapeake Utilities Corp. Reduce -1.4% 0.59% −0.07
GPN Global Payments Inc. Sold out 0.00% −0.06
HAL Halliburton Co. Sold out 0.00% −0.06
MIDD Middleby Corp. Reduce -0.8% 0.63% −0.06
OGN Organon & Co. Reduce -2.0% 0.09% −0.06
TWENTY FIRST CENTY FOX INC CL A Sold out 0.00% −0.06
LOW Lowe's Cos Inc. Reduce -1.6% 0.55% −0.05
SON Sonoco Products Co. Reduce -0.1% 0.46% −0.05
ADP Automatic Data Processing Reduce -0.5% 2.18% −0.05
SW Smurfit Westrock PLC Reduce -3.0% 0.47% −0.05
DU PONT E I DE NEMOURS & CO Reduce -0.1% 0.34% −0.04
IFF Intl Flavors & Fragrances Reduce -0.6% 0.41% −0.04
CTRA Coterra Energy Inc. Reduce -0.3% 0.21% −0.04
PSX Phillips 66 Reduce -2.4% 0.39% −0.04
A Agilent Technologies Inc. Reduce -0.7% 1.32% −0.03
EMN Eastman Chemical Co. Reduce -0.4% 0.13% −0.03
HD Home Depot Inc. Reduce -0.4% 0.89% −0.03
SR Spire Inc. Reduce -0.5% 0.19% −0.02
AIT Applied Industrial Tech Inc. Reduce -1.8% 1.31% −0.02
SYY Sysco Corp. Reduce -0.3% 0.82% −0.02
BHF Brighthouse Financial Inc. Reduce -3.8% 0.11% −0.02
RIG Transocean Ltd. Reduce -0.0% 0.06% −0.02
PFE Pfizer Inc. Reduce -1.4% 0.18% −0.02
BP BP PLC-Spons ADR Reduce -0.3% 0.09% −0.02
VZ Verizon Communications Inc. Reduce -0.6% 0.18% −0.02
MA Mastercard Inc. Class A Reduce -0.2% 3.20% −0.01
ATO Atmos Energy Corp. Reduce -0.5% 0.40% −0.01
SHEL Shell PLC-ADR Reduce -0.7% 0.18% −0.01
KMI Kinder Morgan Inc. Reduce -6.0% 0.22% −0.01
MET Metlife Inc. Reduce -0.5% 0.40% −0.01

Portfolio Buys Q1 2025 → Q2 2025
ORCL Oracle Corp. New 0.06% +0.06
PPG PPG Industries Inc. New 0.06% +0.06
CIEN Ciena Corp. New 0.06% +0.06
AEM Agnico Eagle Mines Ltd. Add +7.2% 0.24% +0.03
NAD Nuveen Quality Municipal Inc. Add +48.5% 0.05% +0.01
DENN Denny's Corp. Add +13.2% 0.03% +0.01
BLMN Bloomin' Brands Inc. Add +4.0% 0.03% +0.01
XEROX CORP Add +19.3% 0.02% +0.00
CLF Cleveland-Cliffs Inc. Add +0.6% 0.13% −0.01
HES Hess Corp. Add +1.4% 0.27% −0.05
DOW Dow Inc. Add +0.9% 0.38% −0.13

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2026 224$409.3MGWW, XOM, LIN, MA, CVX
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