Speece Thorson Capital Group Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Speece Thorson Capital Group Inc. reported 43 stock positions worth $491.1 million. Its top holding was White Mountains Insurance GP (WTM) at 4.2% of the portfolio, followed by Arrow Electronics (ARW, 4.0%) and Hexcel (HXL, 3.8%). Compared with Q1 2025, it opened 1 new position, added to 30 and reduced 8. The biggest buy was a new position in Azz (AZZ) and the biggest sale Werner Enterprises (WERN, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0000900169
- Portfolio Value
- $491.1M (Q2 2025)
- SEC Filing
- 0000900169-25-000003 ↗ filed Aug 5, 2025
Holdings Value
Holdings 43 stocks · $491.1M
| WTM White Mountains Insurance GP | 4.16% | 11,383 | $20.4M | Add +2.0% |
| ARW Arrow Electronics Inc. | 4.03% | 155,443 | $19.8M | Add +2.1% |
| HXL Hexcel Corp. | 3.84% | 333,471 | $18.8M | Add +16.7% |
| RPM RPM International Inc. | 3.78% | 168,804 | $18.5M | Add +2.0% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 3.76% | 95,090 | $18.4M | Add +15.3% |
| ZBH Zimmer Biomet Holdings Inc. | 3.75% | 201,810 | $18.4M | Add +12.9% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 3.32% | 166,179 | $16.3M | Add +19.5% |
| WAB Wabtec Corp. | 3.30% | 77,343 | $16.2M | Add +2.0% |
| IEX Idex Corp. | 3.23% | 90,484 | $15.9M | Add +18.2% |
| SON Sonoco Products Co. | 3.15% | 355,136 | $15.5M | Add +63.5% |
| NTRS Northern Trust Corp. | 3.14% | 121,634 | $15.4M | Add +2.0% |
| GNTX Gentex Corp. | 3.12% | 697,903 | $15.3M | Add +2.2% |
| TTC Toro Co. | 3.04% | 211,290 | $14.9M | Add +2.4% |
| CBSH Commerce Bancshares Inc. | 2.99% | 235,996 | $14.7M | Add +2.1% |
| CASS Cass Information Systems Inc. | 2.92% | 330,036 | $14.3M | Add +2.2% |
| ORLY O'reilly Automotive Inc. | 2.90% | 157,917 | $14.2M | Add +1.8% |
| MWA Mueller Water Products Inc. Class A | 2.86% | 583,840 | $14.0M | Add +1.7% |
| DVA Davita Inc. | 2.74% | 94,502 | $13.5M | Add +1.9% |
| TSCO Tractor Supply Company | 2.74% | 254,789 | $13.4M | Add +2.1% |
| STE Steris PLC | 2.72% | 55,587 | $13.4M | Reduce -15.3% |
| KEYS Keysight Technologies Inc. | 2.69% | 80,584 | $13.2M | Add +2.2% |
| FMC FMC Corp. | 2.65% | 312,177 | $13.0M | Reduce -32.5% |
| ATR Aptargroup Inc. | 2.63% | 82,655 | $12.9M | Add +2.2% |
| MSA Msa Safety Inc. | 2.60% | 76,221 | $12.8M | Add +2.6% |
| LH Labcorp Holdings Inc. | 2.59% | 48,448 | $12.7M | Add +2.1% |
| CASY Casey's General Stores Inc. | 2.43% | 23,418 | $11.9M | Add +1.5% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.32% | 154,920 | $11.4M | Reduce -31.2% |
| TFX Teleflex Inc. | 2.17% | 89,843 | $10.6M | Add +2.4% |
| BRO Brown & Brown Inc. | 2.16% | 95,854 | $10.6M | Add +1.9% |
| DVN Devon Energy Corp. | 2.12% | 327,824 | $10.4M | Add +2.4% |
| MHK Mohawk Industries Inc. | 2.10% | 98,378 | $10.3M | Add +2.0% |
| MGEE Mge Energy Inc. | 2.02% | 112,160 | $9.9M | Add +2.4% |
| CHRW C.H. Robinson Worldwide Inc. | 1.64% | 84,113 | $8.1M | Reduce -28.6% |
| AZZ Azz Inc. | 1.61% | 83,714 | $7.9M | New |
| REVG Rev Group Inc. | 1.52% | 157,265 | $7.5M | Add +2.6% |
| WSM Williams-Sonoma Inc. | 0.30% | 8,888 | $1.5M | No change |
| ETN Eaton Corp. PLC | 0.29% | 3,926 | $1.4M | No change |
| MCY Mercury General Corp. | 0.20% | 14,586 | $982K | Reduce -3.8% |
| NSIT Insight Enterprises Inc. | 0.18% | 6,244 | $862K | No change |
| HSIC Henry Schein Inc. | 0.09% | 6,166 | $450K | Reduce -12.2% |
| WERN Werner Enterprises Inc. | 0.08% | 14,563 | $398K | Reduce -95.0% |
| PGR Progressive Corp. | 0.08% | 1,426 | $381K | No change |
| LEG Leggett & Platt Inc. | 0.05% | 27,094 | $242K | Reduce -89.1% |
Portfolio Sells Q1 2025 → Q2 2025
| WERN Werner Enterprises Inc. | Reduce -95.0% | 0.08% | −1.69 |
| FMC FMC Corp. | Reduce -32.5% | 2.65% | −1.36 |
| WRB WR Berkley Corp. | Reduce -31.2% | 2.32% | −0.98 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -28.6% | 1.64% | −0.84 |
| LEG Leggett & Platt Inc. | Reduce -89.1% | 0.05% | −0.36 |
| STE Steris PLC | Reduce -15.3% | 2.72% | −0.35 |
| HSIC Henry Schein Inc. | Reduce -12.2% | 0.09% | −0.01 |
| MCY Mercury General Corp. | Reduce -3.8% | 0.20% | +0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| AZZ Azz Inc. | New | 1.61% | +1.61 |
| SON Sonoco Products Co. | Add +63.5% | 3.15% | +1.04 |
| ARW Arrow Electronics Inc. | Add +2.1% | 4.03% | +0.78 |
| MTB M & T Bank Corp. | Add +15.3% | 3.76% | +0.72 |
| NTRS Northern Trust Corp. | Add +2.0% | 3.14% | +0.72 |
| HXL Hexcel Corp. | Add +16.7% | 3.84% | +0.61 |
| REVG Rev Group Inc. | Add +2.6% | 1.52% | +0.53 |
| WAB Wabtec Corp. | Add +2.0% | 3.30% | +0.46 |
| IEX Idex Corp. | Add +18.2% | 3.23% | +0.38 |
| CASY Casey's General Stores Inc. | Add +1.5% | 2.43% | +0.37 |
| MSA Msa Safety Inc. | Add +2.6% | 2.60% | +0.36 |
| LH Labcorp Holdings Inc. | Add +2.1% | 2.59% | +0.32 |
| KEYS Keysight Technologies Inc. | Add +2.2% | 2.69% | +0.26 |
| ATR Aptargroup Inc. | Add +2.2% | 2.63% | +0.16 |
| CASS Cass Information Systems Inc. | Add +2.2% | 2.92% | +0.04 |
| CBSH Commerce Bancshares Inc. | Add +2.1% | 2.99% | +0.02 |
| TTC Toro Co. | Add +2.4% | 3.04% | −0.05 |
| SJM The JM Smucker Co. | Add +19.5% | 3.32% | −0.07 |
| MGEE Mge Energy Inc. | Add +2.4% | 2.02% | −0.08 |
| TSCO Tractor Supply Company | Add +2.1% | 2.74% | −0.10 |
| MWA Mueller Water Products Inc. Class A | Add +1.7% | 2.86% | −0.15 |
| GNTX Gentex Corp. | Add +2.2% | 3.12% | −0.15 |
| ORLY O'reilly Automotive Inc. | Add +1.8% | 2.90% | −0.15 |
| RPM RPM International Inc. | Add +2.0% | 3.78% | −0.17 |
| MHK Mohawk Industries Inc. | Add +2.0% | 2.10% | −0.17 |
| DVA Davita Inc. | Add +1.9% | 2.74% | −0.18 |
| BRO Brown & Brown Inc. | Add +1.9% | 2.16% | −0.25 |
| WTM White Mountains Insurance GP | Add +2.0% | 4.16% | −0.26 |
| TFX Teleflex Inc. | Add +2.4% | 2.17% | −0.33 |
| DVN Devon Energy Corp. | Add +2.4% | 2.12% | −0.34 |
| ZBH Zimmer Biomet Holdings Inc. | Add +12.9% | 3.75% | −0.42 |
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 |