Fruth Investment Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Fruth Investment Management reported 215 stock positions worth $369.3 million. Its top holding was WW Grainger (GWW) at 4.5% of the portfolio, followed by Linde (LIN, 3.4%) and Mastercard Class A (MA, 3.2%). Compared with Q2 2025, it opened 4 new positions, sold out of 6, added to 8 and reduced 137. The biggest buy was Chevron (CVX, shares +15%) and the biggest sale WW Grainger (GWW, shares −3%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001416856
Portfolio Value
$369.3M (Q3 2025)
SEC Filing
0001416856-25-000005 ↗ filed Oct 17, 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 Q2 2025 Q3 2025: $369.3M $369.3M Q3 2025 Q4 2025: $370.7M Q4 2025 Q1 2026: $401.3M Q1 2026 Q2 2026: $420.6M Q2 2026

Holdings 215 stocks · $369.3M
GWW WW Grainger Inc. filed as GRAINGER W W INC 4.46% 17,283 $16.5M Reduce -2.6%
LIN Linde PLC 3.44% 26,767 $12.7M Reduce -1.4%
MA Mastercard Inc. Class A 3.22% 20,926 $11.9M No change
MSFT Microsoft Corp. 2.59% 18,455 $9.6M Reduce -7.4%
XOM Exxon Mobil Corp. 2.47% 80,911 $9.1M Reduce -5.2%
TSCO Tractor Supply Company 2.46% 159,750 $9.1M Reduce -1.2%
TT Trane Technologies PLC 2.30% 20,130 $8.5M Reduce -1.0%
CVX Chevron Corp. 2.17% 51,493 $8.0M Add +14.8%
ADP Automatic Data Processing 2.01% 25,293 $7.4M Reduce -2.6%
AAPL Apple Inc. 1.63% 23,671 $6.0M Reduce -28.6%
CASY Casey's General Stores Inc. 1.61% 10,495 $5.9M Reduce -2.9%
SBUX Starbucks Corp. 1.60% 69,781 $5.9M Reduce -8.8%
HSY The Hershey Co. 1.58% 31,214 $5.8M Reduce -1.7%
ETN Eaton Corporation 1.58% 15,572 $5.8M Reduce -3.1%
DE Deere & Co. 1.55% 12,550 $5.7M Reduce -3.3%
APD Air Products & Chemicals Inc. 1.48% 20,078 $5.5M Reduce -3.1%
AIT Applied Industrial Tech Inc. 1.43% 20,194 $5.3M Reduce -2.9%
A Agilent Technologies Inc. 1.40% 40,152 $5.2M Reduce -2.7%
EMR Emerson Electric Co. 1.35% 37,964 $5.0M Reduce -2.7%
COST Costco Wholesale Corp. 1.26% 5,030 $4.7M Reduce -0.2%
PH Parker Hannifin Corp. 1.25% 6,100 $4.6M Reduce -3.5%
JNJ Johnson & Johnson 1.23% 24,492 $4.5M Reduce -2.1%
VIK Viking Holdings Ltd. 1.14% 67,844 $4.2M Reduce -2.8%
ABT Abbott Laboratories 1.09% 29,937 $4.0M Reduce -0.5%
KEYS Keysight Technologies Inc. 1.05% 22,135 $3.9M Reduce -2.4%
PEP Pepsico Inc. 1.05% 27,536 $3.9M Reduce -2.5%
AMAT Applied Materials Inc. 1.04% 18,775 $3.8M Reduce -5.1%
MPC Marathon Petroleum Corp. 1.04% 19,838 $3.8M Reduce -2.5%
CAT Caterpillar Inc. 1.00% 7,738 $3.7M Reduce -1.8%
UNP Union Pacific Corp. 1.00% 15,616 $3.7M No change
AXP American Express Co. 0.99% 10,980 $3.6M Reduce -2.0%
HD Home Depot Inc. 0.97% 8,886 $3.6M Reduce -0.2%
CTAS Cintas Corp. 0.96% 17,249 $3.5M No change
SYY Sysco Corp. 0.87% 38,929 $3.2M Reduce -2.6%
DRI Darden Restaurants Inc. 0.82% 15,950 $3.0M Reduce -1.2%
GRC Gorman-Rupp Co. 0.79% 63,255 $2.9M Reduce -3.9%
ADI Analog Devices Inc. 0.79% 11,895 $2.9M Reduce -0.0%
MUSA Murphy USA Inc. 0.77% 7,371 $2.9M No change
STE Steris Corp. 0.76% 11,335 $2.8M Reduce -1.9%
VLO Valero Energy Corp. 0.75% 16,250 $2.8M Reduce -3.0%
COP Conocophillips 0.71% 27,781 $2.6M Reduce -1.2%
NEM Newmont Corp. 0.69% 30,366 $2.6M Reduce -1.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.69% 22,234 $2.5M Reduce -3.2%
MKC McCormick & Co.-Non VTG SHRS 0.67% 37,080 $2.5M Reduce -3.1%
KMB Kimberly-Clark Corp. 0.65% 19,359 $2.4M Reduce -2.9%
CPK Chesapeake Utilities Corp. 0.65% 17,824 $2.4M Reduce -1.8%
NSC Norfolk Southern Corp. 0.65% 7,958 $2.4M Reduce -5.9%
TXN Texas Instruments Inc. 0.63% 12,685 $2.3M Reduce -4.4%
LOW Lowe's Cos Inc. 0.63% 9,200 $2.3M No change
BG Bunge Global SA 0.59% 26,916 $2.2M Reduce -0.7%
MSA Msa Safety Inc. 0.56% 11,965 $2.1M Reduce -0.8%
HON Honeywell International Inc. 0.56% 9,772 $2.1M Reduce -3.0%
MIDD Middleby Corp. 0.56% 15,435 $2.1M Reduce -3.7%
KO The Coca-Cola Co. 0.51% 28,425 $1.9M Reduce -11.1%
CB Chubb Corp. 0.49% 6,426 $1.8M Reduce -3.0%
SYK Stryker Corp. 0.49% 4,900 $1.8M Reduce -2.0%
OLN Olin Corp. 0.48% 71,012 $1.8M Reduce -3.3%
MUR Murphy Oil Corp. 0.47% 60,821 $1.7M Reduce -1.6%
CTVA Corteva Inc. 0.46% 25,087 $1.7M Reduce -3.3%
GLW Corning Inc. 0.45% 20,400 $1.7M Reduce -1.4%
TKR Timken Co. 0.45% 22,234 $1.7M Reduce -3.5%
SON Sonoco Products Co. 0.45% 38,520 $1.7M Reduce -1.9%
FELE Franklin Electric Co. Inc. 0.45% 17,400 $1.7M Reduce -2.3%
SW Smurfit Westrock PLC 0.43% 37,522 $1.6M Reduce -6.3%
PSX Phillips 66 0.43% 11,623 $1.6M Reduce -4.5%
ATO Atmos Energy Corp. 0.42% 9,181 $1.6M Reduce -4.2%
MRK Merck & Co. Inc. 0.42% 18,337 $1.5M Reduce -4.7%
AVT Avnet Inc. 0.41% 29,155 $1.5M Reduce -2.9%
INGERSOLL-RAND PLC 0.40% 18,084 $1.5M Reduce -1.7%
OKE Oneok Inc. 0.39% 19,702 $1.4M Reduce -2.2%
MET Metlife Inc. 0.38% 17,258 $1.4M Reduce -4.8%
AGI Alamos Gold Inc. Class A 0.38% 40,000 $1.4M No change
SCHW Schwab (charles) Corp. 0.37% 14,456 $1.4M No change
PAG Penske Automotive Group Inc. 0.37% 7,800 $1.4M Reduce -2.5%
DU PONT E I DE NEMOURS & CO 0.37% 17,376 $1.4M Reduce -4.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.36% 38,562 $1.3M Add +11.1%
MKL Markel Group Inc. 0.35% 684 $1.3M No change
DOV Dover Corp. 0.35% 7,825 $1.3M Reduce -1.3%
KEX Kirby Corp. 0.35% 15,617 $1.3M Reduce -3.4%
ENB Enbridge Inc. 0.35% 25,539 $1.3M Reduce -3.4%
GIS General Mills Inc. 0.35% 25,380 $1.3M Reduce -1.9%
AEM Agnico Eagle Mines Ltd. 0.34% 7,475 $1.3M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.34% 11,355 $1.2M Reduce -0.4%
ASIX Advansix Inc. 0.33% 63,361 $1.2M Reduce -2.4%
RTX RTX Corp. 0.33% 7,320 $1.2M No change
ALLE Allegion PLC 0.33% 6,882 $1.2M Reduce -3.4%
FNV Franco-Nevada Corp. 0.33% 5,450 $1.2M Reduce -7.2%
BF.B Brown-Forman Corp. Class B 0.33% 44,687 $1.2M Reduce -2.8%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.33% 19,522 $1.2M Reduce -4.3%
NTRS Northern Trust Corp. 0.32% 8,890 $1.2M Reduce -1.2%
AU Anglogold Ashanti-Spon ADR 0.32% 16,800 $1.2M Reduce -4.5%
CP Canadian Pac Railway 0.32% 15,742 $1.2M No change
STLD Steel Dynamics Inc. 0.32% 8,400 $1.2M Reduce -2.3%
SHW The Sherwin-Williams Co. 0.31% 3,300 $1.1M No change
DOW Dow Inc. 0.31% 49,756 $1.1M Reduce -4.6%
AIN Albany Intl Corp. Class A 0.29% 19,905 $1.1M Reduce -1.1%
ATI Ati Inc. 0.28% 12,750 $1.0M Reduce -12.4%
CSX CSX Corp. 0.28% 29,200 $1.0M No change
KGC Kinross Gold Corp. 0.28% 41,600 $1.0M Add +2.5%
ICE Intercontinental Exchange Inc. 0.27% 6,000 $1.0M No change

Show all 215 holdings

Portfolio Sells Q2 2025 → Q3 2025
GWW WW Grainger Inc. Reduce -2.6% 4.46% −0.56
SBUX Starbucks Corp. Reduce -8.8% 1.60% −0.31
HES Hess Corp. Sold out 0.00% −0.27
DE Deere & Co. Reduce -3.3% 1.55% −0.24
AAPL Apple Inc. Reduce -28.6% 1.63% −0.22
ADP Automatic Data Processing Reduce -2.6% 2.01% −0.17
KEX Kirby Corp. Reduce -3.4% 0.35% −0.15
DRI Darden Restaurants Inc. Reduce -1.2% 0.82% −0.13
NEE Nextera Energy Inc. Sold out 0.00% −0.13
TXN Texas Instruments Inc. Reduce -4.4% 0.63% −0.12
TT Trane Technologies PLC Reduce -1.0% 2.30% −0.12
MKC McCormick & Co.-Non VTG SHRS Reduce -3.1% 0.67% −0.12
APD Air Products & Chemicals Inc. Reduce -3.1% 1.48% −0.11
MSFT Microsoft Corp. Reduce -7.4% 2.59% −0.11
KO The Coca-Cola Co. Reduce -11.1% 0.51% −0.10
AIN Albany Intl Corp. Class A Reduce -1.1% 0.29% −0.10
COST Costco Wholesale Corp. Reduce -0.2% 1.26% −0.10
ASIX Advansix Inc. Reduce -2.4% 0.33% −0.09
DIS The Walt Disney Co. Reduce -3.2% 0.69% −0.08
IFF Intl Flavors & Fragrances Reduce -4.3% 0.33% −0.08
HON Honeywell International Inc. Reduce -3.0% 0.56% −0.08
MIDD Middleby Corp. Reduce -3.7% 0.56% −0.07
FIS Fidelity National Info Serv Reduce -1.4% 0.27% −0.07
DOW Dow Inc. Reduce -4.6% 0.31% −0.07
CTVA Corteva Inc. Reduce -3.3% 0.46% −0.07
EMR Emerson Electric Co. Reduce -2.7% 1.35% −0.07
CL Colgate-Palmolive Co. Sold out 0.00% −0.06
ATI Ati Inc. Reduce -12.4% 0.28% −0.06
OKE Oneok Inc. Reduce -2.2% 0.39% −0.06
K Kellanova Sold out 0.00% −0.06
PPG PPG Industries Inc. Sold out 0.00% −0.06
AVY Avery Dennison Corp. Sold out 0.00% −0.06
GT Goodyear Tire & Rubber Co. Reduce -2.2% 0.13% −0.06
SYK Stryker Corp. Reduce -2.0% 0.49% −0.05
KMB Kimberly-Clark Corp. Reduce -2.9% 0.65% −0.05
DOV Dover Corp. Reduce -1.3% 0.35% −0.04
CE Celanese Corp. Reduce -4.7% 0.10% −0.04
IBM Intl Business Machines Corp. Reduce -17.7% 0.14% −0.04
SW Smurfit Westrock PLC Reduce -6.3% 0.43% −0.04
EMN Eastman Chemical Co. Reduce -12.7% 0.10% −0.03
OWENS-ILLINOIS INC Reduce -1.2% 0.21% −0.03
CB Chubb Corp. Reduce -3.0% 0.49% −0.03
XOM Exxon Mobil Corp. Reduce -5.2% 2.47% −0.03
ABT Abbott Laboratories Reduce -0.5% 1.09% −0.03
AVT Avnet Inc. Reduce -2.9% 0.41% −0.02
KMI Kinder Morgan Inc. Reduce -5.3% 0.20% −0.02
LIN Linde PLC Reduce -1.4% 3.44% −0.02
GIS General Mills Inc. Reduce -1.9% 0.35% −0.02
SCHP Schwab U.S. Tips ETF Reduce -17.2% 0.09% −0.02
SON Sonoco Products Co. Reduce -1.9% 0.45% −0.02

Portfolio Buys Q2 2025 → Q3 2025
CVX Chevron Corp. Add +14.8% 2.17% +0.42
DNOW Dnow Inc. Add +132.6% 0.21% +0.12
KGC Kinross Gold Corp. Add +2.5% 0.28% +0.11
B Barrick Mining Corp. Add +5.3% 0.18% +0.07
FOXA Fox Corp. Class A New 0.06% +0.06
HAL Halliburton Co. New 0.06% +0.06
NFG National Fuel Gas Co. New 0.06% +0.06
SLB SLB Ltd. Add +11.1% 0.36% +0.04
MXC Mexco Energy Corp. New 0.02% +0.02
DENN Denny's Corp. Add +3.3% 0.04% +0.01
KOS Kosmos Energy Ltd. Add +18.5% 0.01% +0.00
XEROX CORP Add +6.1% 0.02% −0.01

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