Speece Thorson Capital Group Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Speece Thorson Capital Group Inc. reported 43 stock positions worth $517.4 million. Its top holding was White Mountains Insurance GP (WTM) at 4.8% of the portfolio, followed by Zimmer Biomet (ZBH, 4.0%) and RPM International (RPM, 4.0%). Compared with Q4 2023, it opened 2 new positions, added to 9 and reduced 31. The biggest buy was a new position in Toro (TTC) and the biggest sale Williams-Sonoma (WSM, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0000900169
- Portfolio Value
- $517.4M (Q1 2024)
- SEC Filing
- 0000900169-24-000002 ↗ filed Apr 23, 2024
Holdings Value
Holdings 43 stocks · $517.4M
| WTM White Mountains Insurance GP | 4.77% | 13,751 | $24.7M | Add +5.8% |
| ZBH Zimmer Biomet Holdings Inc. | 3.98% | 156,157 | $20.6M | Reduce -1.3% |
| RPM RPM International Inc. | 3.97% | 172,735 | $20.5M | Reduce -1.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 3.63% | 129,093 | $18.8M | Reduce -12.6% |
| GNTX Gentex Corp. | 3.57% | 510,849 | $18.5M | Reduce -1.3% |
| ARW Arrow Electronics Inc. | 3.50% | 139,743 | $18.1M | Add +19.4% |
| MHK Mohawk Industries Inc. | 3.23% | 127,545 | $16.7M | Reduce -1.3% |
| MWA Mueller Water Products Inc. Class A | 3.02% | 971,528 | $15.6M | Reduce -1.3% |
| LEG Leggett & Platt Inc. | 2.98% | 805,021 | $15.4M | Reduce -0.1% |
| STE Steris PLC | 2.98% | 68,509 | $15.4M | Reduce -1.3% |
| SON Sonoco Products Co. | 2.94% | 262,624 | $15.2M | Reduce -1.3% |
| ORLY O'reilly Automotive Inc. | 2.90% | 13,284 | $15.0M | Reduce -27.2% |
| DVA Davita Inc. | 2.90% | 108,520 | $15.0M | Reduce -15.8% |
| FMC FMC Corp. | 2.85% | 231,484 | $14.7M | Reduce -1.3% |
| NTRS Northern Trust Corp. | 2.83% | 164,732 | $14.6M | Reduce -14.1% |
| WAB Wabtec Corp. | 2.81% | 99,920 | $14.6M | Reduce -17.6% |
| DVN Devon Energy Corp. | 2.77% | 285,497 | $14.3M | Reduce -1.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.68% | 157,025 | $13.9M | Reduce -20.2% |
| TSCO Tractor Supply Company | 2.64% | 52,121 | $13.6M | Reduce -1.3% |
| HXL Hexcel Corp. | 2.50% | 177,308 | $12.9M | Reduce -1.3% |
| HSIC Henry Schein Inc. | 2.49% | 170,568 | $12.9M | Reduce -1.3% |
| MCY Mercury General Corp. | 2.44% | 244,232 | $12.6M | Reduce -24.4% |
| CBSH Commerce Bancshares Inc. | 2.36% | 229,709 | $12.2M | Reduce -1.3% |
| CHRW C.H. Robinson Worldwide Inc. | 2.34% | 158,744 | $12.1M | Add +24.2% |
| IEX Idex Corp. | 2.33% | 49,460 | $12.1M | Reduce -1.3% |
| BRO Brown & Brown Inc. | 2.32% | 137,281 | $12.0M | Reduce -1.3% |
| WERN Werner Enterprises Inc. | 2.32% | 306,242 | $12.0M | Add +21.1% |
| LH Laboratory CRP of Amer Hldgs | 2.27% | 53,751 | $11.7M | Reduce -1.3% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 2.25% | 92,484 | $11.6M | Add +27.4% |
| ATR Aptargroup Inc. | 2.23% | 80,327 | $11.6M | Reduce -1.3% |
| KEYS Keysight Technologies Inc. | 1.93% | 63,812 | $10.0M | Reduce -21.8% |
| CASY Casey's General Stores Inc. | 1.84% | 29,927 | $9.5M | Reduce -1.1% |
| CABO Cable One Inc. | 1.83% | 22,360 | $9.5M | Add +26.3% |
| MGEE Mge Energy Inc. | 1.74% | 114,143 | $9.0M | Add +34.3% |
| TFX Teleflex Inc. | 1.58% | 36,121 | $8.2M | Add +26.9% |
| CASS Cass Information Systems Inc. | 1.48% | 158,801 | $7.6M | Add +194.2% |
| TTC Toro Co. | 1.45% | 81,870 | $7.5M | New |
| PLXS Plexus Corp. | 0.31% | 16,997 | $1.6M | New |
| WSM Williams-Sonoma Inc. | 0.28% | 4,528 | $1.4M | Reduce -89.1% |
| ETN Eaton Corp. PLC | 0.25% | 4,185 | $1.3M | No change |
| DOOR Masonite International Corp. | 0.25% | 9,829 | $1.3M | Reduce -3.3% |
| NSIT Insight Enterprises Inc. | 0.23% | 6,321 | $1.2M | Reduce -1.6% |
| PGR Progressive Corp. | 0.06% | 1,426 | $295K | Reduce -43.2% |
Portfolio Sells Q4 2023 → Q1 2024
| WSM Williams-Sonoma Inc. | Reduce -89.1% | 0.28% | −1.44 |
| LEG Leggett & Platt Inc. | Reduce -0.1% | 2.98% | −1.34 |
| KEYS Keysight Technologies Inc. | Reduce -21.8% | 1.93% | −0.73 |
| ORLY O'reilly Automotive Inc. | Reduce -27.2% | 2.90% | −0.66 |
| MTB M & T Bank Corp. | Reduce -12.6% | 3.63% | −0.52 |
| NTRS Northern Trust Corp. | Reduce -14.1% | 2.83% | −0.49 |
| WAB Wabtec Corp. | Reduce -17.6% | 2.81% | −0.34 |
| LH Laboratory CRP of Amer Hldgs | Reduce -1.3% | 2.27% | −0.27 |
| HXL Hexcel Corp. | Reduce -1.3% | 2.50% | −0.22 |
| HSIC Henry Schein Inc. | Reduce -1.3% | 2.49% | −0.19 |
| CBSH Commerce Bancshares Inc. | Reduce -1.3% | 2.36% | −0.19 |
| FMC FMC Corp. | Reduce -1.3% | 2.85% | −0.18 |
| WRB WR Berkley Corp. | Reduce -20.2% | 2.68% | −0.17 |
| STE Steris PLC | Reduce -1.3% | 2.98% | −0.15 |
| SON Sonoco Products Co. | Reduce -1.3% | 2.94% | −0.11 |
| MCY Mercury General Corp. | Reduce -24.4% | 2.44% | −0.04 |
| RPM RPM International Inc. | Reduce -1.3% | 3.97% | −0.03 |
| PGR Progressive Corp. | Reduce -43.2% | 0.06% | −0.03 |
| NSIT Insight Enterprises Inc. | Reduce -1.6% | 0.23% | −0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -1.3% | 3.98% | +0.04 |
| DOOR Masonite International Corp. | Reduce -3.3% | 0.25% | +0.07 |
| DVN Devon Energy Corp. | Reduce -1.3% | 2.77% | +0.08 |
| GNTX Gentex Corp. | Reduce -1.3% | 3.57% | +0.10 |
| IEX Idex Corp. | Reduce -1.3% | 2.33% | +0.10 |
| MWA Mueller Water Products Inc. Class A | Reduce -1.3% | 3.02% | +0.12 |
| DVA Davita Inc. | Reduce -15.8% | 2.90% | +0.13 |
| CASY Casey's General Stores Inc. | Reduce -1.1% | 1.84% | +0.14 |
| ATR Aptargroup Inc. | Reduce -1.3% | 2.23% | +0.17 |
| BRO Brown & Brown Inc. | Reduce -1.3% | 2.32% | +0.30 |
| TSCO Tractor Supply Company | Reduce -1.3% | 2.64% | +0.31 |
| MHK Mohawk Industries Inc. | Reduce -1.3% | 3.23% | +0.48 |
Portfolio Buys Q4 2023 → Q1 2024
| TTC Toro Co. | New | 1.45% | +1.45 |
| CASS Cass Information Systems Inc. | Add +194.2% | 1.48% | +0.98 |
| WTM White Mountains Insurance GP | Add +5.8% | 4.77% | +0.76 |
| ARW Arrow Electronics Inc. | Add +19.4% | 3.50% | +0.56 |
| MGEE Mge Energy Inc. | Add +34.3% | 1.74% | +0.48 |
| SJM The JM Smucker Co. | Add +27.4% | 2.25% | +0.37 |
| PLXS Plexus Corp. | New | 0.31% | +0.31 |
| TFX Teleflex Inc. | Add +26.9% | 1.58% | +0.12 |
| WERN Werner Enterprises Inc. | Add +21.1% | 2.32% | +0.12 |
| CHRW C.H. Robinson Worldwide Inc. | Add +24.2% | 2.34% | +0.07 |
| CABO Cable One Inc. | Add +26.3% | 1.83% | −0.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 37 | $467.7M | CBSH, WTM, MGEE, CASS, STE |
| Q1 2026 | 38 | $439.0M | WTM, CBSH, HXL, SON, CASS |
| Q4 2025 | 42 | $462.0M | WTM, HXL, CBSH, RPM, ARW |
| Q3 2025 | 44 | $500.5M | HXL, RPM, ZBH, GNTX, WTM |
| Q2 2025 | 43 | $491.1M | WTM, ARW, HXL, RPM, MTB |
| Q1 2025 | 42 | $485.6M | WTM, ZBH, FMC, RPM, SJM |
| Q4 2024 | 41 | $506.9M | FMC, WTM, RPM, ZBH, HXL |
| Q3 2024 | 42 | $541.3M | FMC, RPM, ZBH, WTM, ARW |
| Q2 2024 | 42 | $489.0M | FMC, WTM, ZBH, RPM, MTB |
| Q1 2024 | 43 | $517.4M | WTM, ZBH, RPM, MTB, GNTX |