Speece Thorson Capital Group Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 29, 2026), Speece Thorson Capital Group Inc. reported 38 stock positions worth $439.0 million. Its top holding was White Mountains Insurance GP (WTM) at 4.7% of the portfolio, followed by Commerce Bancshares (CBSH, 3.8%) and Hexcel (HXL, 3.8%). Compared with Q4 2025, it opened 5 new positions, sold out of 9, added to 3 and reduced 30. The biggest buy was a new position in Trimble (TRMB) and the biggest sale an exit from Davita (DVA).
- Most Recent 13F
- Q2 2026
- Location
- MINNETONKA, MN
- CIK
- 0000900169
- Portfolio Value
- $439.0M (Q1 2026)
- SEC Filing
- 0000900169-26-000002 ↗ filed Apr 29, 2026
Holdings Value
Holdings 38 stocks · $439.0M
| WTM White Mountains Insurance GP | 4.70% | 9,397 | $20.6M | Reduce -11.9% |
| CBSH Commerce Bancshares Inc. | 3.80% | 338,636 | $16.7M | Reduce -5.4% |
| HXL Hexcel Corp. | 3.78% | 205,013 | $16.6M | Reduce -28.0% |
| SON Sonoco Products Co. | 3.78% | 306,637 | $16.6M | Reduce -7.5% |
| CASS Cass Information Systems Inc. | 3.55% | 354,237 | $15.6M | Reduce -2.8% |
| IEX Idex Corp. | 3.46% | 80,078 | $15.2M | Reduce -5.9% |
| MGEE Mge Energy Inc. | 3.34% | 189,547 | $14.7M | Reduce -3.1% |
| ARW Arrow Electronics Inc. | 3.30% | 101,062 | $14.5M | Reduce -30.4% |
| RPM RPM International Inc. | 3.28% | 144,959 | $14.4M | Reduce -8.1% |
| STE Steris PLC | 3.25% | 64,431 | $14.2M | Add +23.8% |
| DVN Devon Energy Corp. | 3.23% | 281,631 | $14.2M | Reduce -7.2% |
| TTC Toro Co. | 3.20% | 150,153 | $14.0M | Reduce -23.6% |
| MSA Msa Safety Inc. | 3.18% | 85,165 | $14.0M | Reduce -8.6% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 3.07% | 65,175 | $13.5M | Reduce -11.0% |
| GNTX Gentex Corp. | 3.03% | 608,982 | $13.3M | Reduce -6.4% |
| WAB Wabtec Corp. | 3.00% | 52,684 | $13.2M | Reduce -27.2% |
| TSCO Tractor Supply Company | 2.94% | 284,459 | $12.9M | Reduce -7.5% |
| ZBH Zimmer Biomet Holdings Inc. | 2.91% | 141,354 | $12.8M | Reduce -8.9% |
| TFX Teleflex Inc. | 2.90% | 106,277 | $12.7M | Add +27.1% |
| ORLY O'reilly Automotive Inc. | 2.67% | 126,996 | $11.7M | Reduce -14.3% |
| LH Labcorp Holdings Inc. | 2.66% | 43,843 | $11.7M | Reduce -2.8% |
| AZZ Azz Inc. | 2.64% | 92,617 | $11.6M | Reduce -18.3% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 2.63% | 119,610 | $11.5M | Reduce -7.5% |
| ATR Aptargroup Inc. | 2.49% | 86,801 | $10.9M | Reduce -7.6% |
| KEYS Keysight Technologies Inc. | 2.47% | 38,396 | $10.8M | Reduce -26.0% |
| MWA Mueller Water Products Inc. Class A | 2.35% | 374,566 | $10.3M | Reduce -19.9% |
| CASY Casey's General Stores Inc. | 2.16% | 12,998 | $9.5M | Reduce -29.4% |
| BRO Brown & Brown Inc. | 2.14% | 144,149 | $9.4M | Reduce -8.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.99% | 131,854 | $8.7M | Reduce -9.0% |
| TRMB Trimble Inc. | 1.70% | 114,404 | $7.5M | New |
| NTRS Northern Trust Corp. | 1.69% | 53,029 | $7.4M | Reduce -18.8% |
| MHK Mohawk Industries Inc. | 1.49% | 66,497 | $6.5M | Reduce -27.8% |
| TEX Terex Corp. | 1.46% | 108,700 | $6.4M | New |
| CHRW C.H. Robinson Worldwide Inc. | 1.46% | 38,524 | $6.4M | Reduce -38.7% |
| NSIT Insight Enterprises Inc. | 1.29% | 84,435 | $5.7M | Add +1252.3% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.11% | 78,927 | $4.9M | New |
| MAX Mediaalpha Inc. Class A | 1.06% | 499,011 | $4.6M | New |
| MKC McCormick & Co.-Non VTG SHRS | 0.87% | 75,775 | $3.8M | New |
Portfolio Sells Q4 2025 → Q1 2026
| DVA Davita Inc. | Sold out | 0.00% | −2.18 |
| REVG Rev Group Inc. | Sold out | 0.00% | −1.50 |
| HXL Hexcel Corp. | Reduce -28.0% | 3.78% | −0.78 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -38.7% | 1.46% | −0.73 |
| MHK Mohawk Industries Inc. | Reduce -27.8% | 1.49% | −0.69 |
| BRO Brown & Brown Inc. | Reduce -8.3% | 2.14% | −0.57 |
| TSCO Tractor Supply Company | Reduce -7.5% | 2.94% | −0.39 |
| WAB Wabtec Corp. | Reduce -27.2% | 3.00% | −0.35 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.34 |
| MCY Mercury General Corp. | Sold out | 0.00% | −0.30 |
| RPM RPM International Inc. | Reduce -8.1% | 3.28% | −0.27 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.26 |
| CBSH Commerce Bancshares Inc. | Reduce -5.4% | 3.80% | −0.26 |
| ORLY O'reilly Automotive Inc. | Reduce -14.3% | 2.67% | −0.25 |
| GNTX Gentex Corp. | Reduce -6.4% | 3.03% | −0.25 |
| NTRS Northern Trust Corp. | Reduce -18.8% | 1.69% | −0.25 |
| WRB WR Berkley Corp. | Reduce -9.0% | 1.99% | −0.21 |
| ARW Arrow Electronics Inc. | Reduce -30.4% | 3.30% | −0.16 |
| TTC Toro Co. | Reduce -23.6% | 3.20% | −0.15 |
| MTB M & T Bank Corp. | Reduce -11.0% | 3.07% | −0.13 |
| SJM The JM Smucker Co. | Reduce -7.5% | 2.63% | −0.11 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -8.9% | 2.91% | −0.11 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −0.10 |
| WTM White Mountains Insurance GP | Reduce -11.9% | 4.70% | −0.10 |
| WERN Werner Enterprises Inc. | Sold out | 0.00% | −0.09 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.07 |
| MWA Mueller Water Products Inc. Class A | Reduce -19.9% | 2.35% | −0.07 |
| LEG Leggett & Platt Inc. | Sold out | 0.00% | −0.06 |
| MSA Msa Safety Inc. | Reduce -8.6% | 3.18% | −0.05 |
| CASY Casey's General Stores Inc. | Reduce -29.4% | 2.16% | −0.05 |
| AZZ Azz Inc. | Reduce -18.3% | 2.64% | +0.01 |
| ATR Aptargroup Inc. | Reduce -7.6% | 2.49% | +0.01 |
| MGEE Mge Energy Inc. | Reduce -3.1% | 3.34% | +0.02 |
| IEX Idex Corp. | Reduce -5.9% | 3.46% | +0.18 |
| KEYS Keysight Technologies Inc. | Reduce -26.0% | 2.47% | +0.19 |
| LH Labcorp Holdings Inc. | Reduce -2.8% | 2.66% | +0.21 |
| CASS Cass Information Systems Inc. | Reduce -2.8% | 3.55% | +0.28 |
| SON Sonoco Products Co. | Reduce -7.5% | 3.78% | +0.65 |
| DVN Devon Energy Corp. | Reduce -7.2% | 3.23% | +0.82 |
Portfolio Buys Q4 2025 → Q1 2026
| TRMB Trimble Inc. | New | 1.70% | +1.70 |
| TEX Terex Corp. | New | 1.46% | +1.46 |
| NSIT Insight Enterprises Inc. | Add +1252.3% | 1.29% | +1.18 |
| FUL H.B. Fuller Co. | New | 1.11% | +1.11 |
| MAX Mediaalpha Inc. Class A | New | 1.06% | +1.06 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.87% | +0.87 |
| TFX Teleflex Inc. | Add +27.1% | 2.90% | +0.69 |
| STE Steris PLC | Add +23.8% | 3.25% | +0.39 |
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 |