Speece Thorson Capital Group Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Speece Thorson Capital Group Inc. reported 41 stock positions worth $506.9 million. Its top holding was FMC (FMC) at 4.4% of the portfolio, followed by White Mountains Insurance GP (WTM, 4.4%) and RPM International (RPM, 4.1%). Compared with Q3 2024, it sold out of 1, added to 10 and reduced 27. The biggest buy was Toro (TTC, shares +46%) and the biggest sale Mercury General (MCY, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0000900169
- Portfolio Value
- $506.9M (Q4 2024)
- SEC Filing
- 0000900169-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 41 stocks · $506.9M
| FMC FMC Corp. | 4.38% | 456,509 | $22.2M | Add +7.7% |
| WTM White Mountains Insurance GP | 4.35% | 11,340 | $22.1M | Reduce -0.5% |
| RPM RPM International Inc. | 4.09% | 168,312 | $20.7M | Reduce -0.5% |
| ZBH Zimmer Biomet Holdings Inc. | 3.79% | 181,800 | $19.2M | Reduce -0.5% |
| HXL Hexcel Corp. | 3.60% | 290,988 | $18.2M | Add +18.8% |
| ARW Arrow Electronics Inc. | 3.46% | 154,949 | $17.5M | Add +13.3% |
| TTC Toro Co. | 3.32% | 210,156 | $16.8M | Add +45.5% |
| GNTX Gentex Corp. | 3.27% | 577,238 | $16.6M | Reduce -0.5% |
| HSIC Henry Schein Inc. | 3.23% | 236,915 | $16.4M | Add +0.4% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 3.11% | 83,883 | $15.8M | Reduce -16.4% |
| DVA Davita Inc. | 3.11% | 105,418 | $15.8M | Reduce -0.6% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 3.07% | 141,485 | $15.6M | Add +24.5% |
| ORLY O'reilly Automotive Inc. | 3.03% | 12,942 | $15.3M | Reduce -0.5% |
| MWA Mueller Water Products Inc. Class A | 3.01% | 677,651 | $15.2M | Reduce -0.5% |
| SON Sonoco Products Co. | 2.97% | 307,680 | $15.0M | Add +0.6% |
| CBSH Commerce Bancshares Inc. | 2.89% | 235,189 | $14.7M | Add +4.5% |
| WAB Wabtec Corp. | 2.88% | 77,074 | $14.6M | Reduce -0.6% |
| STE Steris PLC | 2.71% | 66,755 | $13.7M | Reduce -0.5% |
| TSCO Tractor Supply Company | 2.66% | 253,898 | $13.5M | Reduce -0.5% |
| CASS Cass Information Systems Inc. | 2.65% | 328,937 | $13.5M | Add +7.7% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.64% | 228,759 | $13.4M | Reduce -0.6% |
| TFX Teleflex Inc. | 2.56% | 72,778 | $13.0M | Add +51.9% |
| KEYS Keysight Technologies Inc. | 2.54% | 80,198 | $12.9M | Reduce -0.5% |
| NTRS Northern Trust Corp. | 2.45% | 121,236 | $12.4M | Reduce -0.5% |
| CHRW C.H. Robinson Worldwide Inc. | 2.44% | 119,868 | $12.4M | Reduce -22.9% |
| MHK Mohawk Industries Inc. | 2.30% | 98,062 | $11.7M | Reduce -0.5% |
| BRO Brown & Brown Inc. | 2.28% | 113,304 | $11.6M | Reduce -0.5% |
| LH Labcorp Holdings Inc. | 2.18% | 48,287 | $11.1M | Reduce -0.7% |
| WERN Werner Enterprises Inc. | 2.11% | 298,376 | $10.7M | Reduce -0.5% |
| MGEE Mge Energy Inc. | 2.06% | 111,176 | $10.4M | Reduce -0.6% |
| DVN Devon Energy Corp. | 2.03% | 314,770 | $10.3M | Reduce -4.4% |
| IEX Idex Corp. | 1.99% | 48,224 | $10.1M | Reduce -0.5% |
| CABO Cable One Inc. | 1.88% | 26,292 | $9.5M | Reduce -3.9% |
| CASY Casey's General Stores Inc. | 1.83% | 23,385 | $9.3M | Reduce -20.2% |
| ATR Aptargroup Inc. | 1.60% | 51,778 | $8.1M | Reduce -0.5% |
| LEG Leggett & Platt Inc. | 0.47% | 248,773 | $2.4M | Reduce -59.7% |
| WSM Williams-Sonoma Inc. | 0.32% | 8,888 | $1.6M | No change |
| ETN Eaton Corp. PLC | 0.26% | 4,026 | $1.3M | No change |
| MCY Mercury General Corp. | 0.20% | 15,157 | $1.0M | Reduce -89.2% |
| NSIT Insight Enterprises Inc. | 0.19% | 6,244 | $950K | No change |
| PGR Progressive Corp. | 0.07% | 1,426 | $342K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| MCY Mercury General Corp. | Reduce -89.2% | 0.20% | −1.43 |
| PLXS Plexus Corp. | Sold out | 0.00% | −1.27 |
| LEG Leggett & Platt Inc. | Reduce -59.7% | 0.47% | −1.08 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -22.9% | 2.44% | −0.73 |
| MHK Mohawk Industries Inc. | Reduce -0.5% | 2.30% | −0.62 |
| DVN Devon Energy Corp. | Reduce -4.4% | 2.03% | −0.35 |
| STE Steris PLC | Reduce -0.5% | 2.71% | −0.30 |
| CASY Casey's General Stores Inc. | Reduce -20.2% | 1.83% | −0.21 |
| MTB M & T Bank Corp. | Reduce -16.4% | 3.11% | −0.19 |
| DVA Davita Inc. | Reduce -0.6% | 3.11% | −0.10 |
| TSCO Tractor Supply Company | Reduce -0.5% | 2.66% | −0.09 |
| WERN Werner Enterprises Inc. | Reduce -0.5% | 2.11% | −0.02 |
| ATR Aptargroup Inc. | Reduce -0.5% | 1.60% | +0.06 |
| IEX Idex Corp. | Reduce -0.5% | 1.99% | +0.07 |
| GNTX Gentex Corp. | Reduce -0.5% | 3.27% | +0.09 |
| BRO Brown & Brown Inc. | Reduce -0.5% | 2.28% | +0.10 |
| CABO Cable One Inc. | Reduce -3.9% | 1.88% | +0.11 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -0.5% | 3.79% | +0.14 |
| MGEE Mge Energy Inc. | Reduce -0.6% | 2.06% | +0.17 |
| KEYS Keysight Technologies Inc. | Reduce -0.5% | 2.54% | +0.17 |
| LH Labcorp Holdings Inc. | Reduce -0.7% | 2.18% | +0.18 |
| WRB WR Berkley Corp. | Reduce -0.6% | 2.64% | +0.23 |
| ORLY O'reilly Automotive Inc. | Reduce -0.5% | 3.03% | +0.26 |
| MWA Mueller Water Products Inc. Class A | Reduce -0.5% | 3.01% | +0.28 |
| WAB Wabtec Corp. | Reduce -0.6% | 2.88% | +0.28 |
| RPM RPM International Inc. | Reduce -0.5% | 4.09% | +0.30 |
| NTRS Northern Trust Corp. | Reduce -0.5% | 2.45% | +0.42 |
| WTM White Mountains Insurance GP | Reduce -0.5% | 4.35% | +0.78 |
Portfolio Buys Q3 2024 → Q4 2024
| TTC Toro Co. | Add +45.5% | 3.32% | +1.01 |
| HXL Hexcel Corp. | Add +18.8% | 3.60% | +0.80 |
| SJM The JM Smucker Co. | Add +24.5% | 3.07% | +0.53 |
| CBSH Commerce Bancshares Inc. | Add +4.5% | 2.89% | +0.42 |
| TFX Teleflex Inc. | Add +51.9% | 2.56% | +0.37 |
| CASS Cass Information Systems Inc. | Add +7.7% | 2.65% | +0.31 |
| ARW Arrow Electronics Inc. | Add +13.3% | 3.46% | +0.10 |
| HSIC Henry Schein Inc. | Add +0.4% | 3.23% | +0.06 |
| SON Sonoco Products Co. | Add +0.6% | 2.97% | −0.12 |
| FMC FMC Corp. | Add +7.7% | 4.38% | −0.78 |
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 |