SPEECE THORSON CAPITAL GROUP INC

MINNETONKA, MN · CIK 900169 · 13F filing filed 2026-08-04

SEC-registered investment adviser since 1992 · corporation

Assets managed$469.0m
Staff4 · 4 in investment roles
Main clients (by assets)Pension plans 25%, High net worth individuals 25%, Private funds 24%
Private funds1 (1 hedge) · $126.0m gross assets
Websitestcapital.com
Form ADV · 2026-03-24SEC adviser record

Legal entitySpeece Thorson Capital Group, Inc. (US)

Kindhedge funds, institutions
Others nearbyHopkins, MN

As an employer

Offices in1 country
Private fundshedge 1

$467.7m reported value +6.6% vs Q1 2026

37positions

36.9%in top 10

1 new 10 added 26 reduced 2 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COMMERCE BANCSHARES INC COM CBSH	CBSH	332,442	$19.2m4.10%	4.10%	Reduced -6.2k	-6,194 -1.8%
2	WHITE MTNS INS GROUP LTD COM WTM	WTM	9,215	$19.1m4.08%	4.08%	Reduced -182	-182 -1.9%
3	MGE ENERGY INC COM MGEE	MGEE	228,679	$18.6m3.99%	3.99%	Added +39.1k	+39,132 20.6%
4	CASS INFORMATION SYS INC COM CASS	CASS	347,328	$17.8m3.81%	3.81%	Reduced -6.9k	-6,909 -1.9%
5	STERIS PLC SHS USD STE	STE	84,495	$17.8m3.80%	3.80%	Added +20.1k	+20,064 31.1%
6	SONOCO PRODS CO COM SON	SON	300,496	$16.9m3.62%	3.62%	Reduced -6.1k	-6,141 -2.0%
7	MSA SAFETY INC COM MSA	MSA	96,741	$16.9m3.61%	3.61%	Added +11.6k	+11,576 13.6%
8	RPM INTL INC COM RPM	RPM	142,095	$15.8m3.38%	3.38%	Reduced -2.9k	-2,864 -2.0%
9	HEXCEL CORP NEW COM HXL	HXL	152,463	$15.3m3.26%	3.26%	Reduced -52.5k	-52,550 -25.6%
10	LABCORP HOLDINGS INC COM SHS LH	LH	54,385	$15.2m3.26%	3.26%	Added +10.5k	+10,542 24.0%
11	M & T BK CORP COM MTB	MTB	63,885	$15.2m3.25%	3.25%	Reduced -1.3k	-1,290 -2.0%
12	APTARGROUP INC COM ATR	ATR	121,355	$15.2m3.25%	3.25%	Added +34.6k	+34,554 39.8%
13	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	164,080	$15.1m3.23%	3.23%	Added +37.1k	+37,084 29.2%
14	GENTEX CORP COM GNTX	GNTX	597,167	$15.1m3.23%	3.23%	Reduced -11.8k	-11,815 -1.9%
15	IDEX CORP COM IEX	IEX	65,510	$14.9m3.18%	3.18%	Reduced -14.6k	-14,568 -18.2%
16	TORO CO COM TTC	TTC	146,959	$14.3m3.06%	3.06%	Reduced -3.2k	-3,194 -2.1%
17	WABTEC COM WAB	WAB	51,647	$13.9m2.98%	2.98%	Reduced -1.0k	-1,037 -2.0%
18	TELEFLEX INCORPORATED COM TFX	TFX	104,065	$13.2m2.82%	2.82%	Reduced -2.2k	-2,212 -2.1%
19	SMUCKER J M CO COM NEW SJM	SJM	117,159	$13.2m2.82%	2.82%	Reduced -2.5k	-2,451 -2.0%
20	INSIGHT ENTERPRISES INC COM NSIT	NSIT	106,952	$13.0m2.79%	2.79%	Added +22.5k	+22,517 26.7%
21	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	138,547	$11.9m2.55%	2.55%	Reduced -2.8k	-2,807 -2.0%
22	TRIMBLE INC COM TRMB	TRMB	229,315	$11.7m2.51%	2.51%	Added +114.9k	+114,911 100.4%
23	BERKLEY W R CORP COM WRB	WRB	162,554	$11.5m2.45%	2.45%	Added +30.7k	+30,700 23.3%
24	TRACTOR SUPPLY CO COM TSCO	TSCO	359,937	$11.4m2.43%	2.43%	Added +75.5k	+75,478 26.5%
25	DEVON ENERGY CORP NEW COM DVN	DVN	274,418	$11.3m2.42%	2.42%	Reduced -7.2k	-7,213 -2.6%
26	ARROW ELECTRS INC COM ARW	ARW	51,368	$11.0m2.34%	2.34%	Reduced -49.7k	-49,694 -49.2%
27	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	30,127	$10.5m2.25%	2.25%	Reduced -8.3k	-8,269 -21.5%
28	AZZ INC COM AZZ	AZZ	63,750	$9.9m2.11%	2.11%	Reduced -28.9k	-28,867 -31.2%
29	MUELLER WTR PRODS INC COM SER A MWA	MWA	367,282	$9.5m2.03%	2.03%	Reduced -7.3k	-7,284 -1.9%
30	NORTHERN TR CORP COM NTRS	NTRS	51,999	$9.0m1.93%	1.93%	Reduced -1.0k	-1,030 -1.9%
31	MOHAWK INDS INC COM MHK	MHK	65,195	$7.9m1.69%	1.69%	Reduced -1.3k	-1,302 -2.0%
32	TEREX CORP NEW COM TEX	TEX	106,610	$7.7m1.65%	1.65%	Reduced -2.1k	-2,090 -1.9%
33	C H ROBINSON WORLDWIDE INC COM NEW CHRW	CHRW	37,751	$7.1m1.52%	1.52%	Reduced -773	-773 -2.0%
34	CASEYS GEN STORES INC COM CASY	CASY	7,947	$6.3m1.35%	1.35%	Reduced -5.1k	-5,051 -38.9%
35	MEDIAALPHA INC CL A MAX	MAX	489,098	$6.1m1.31%	1.31%	Reduced -9.9k	-9,913 -2.0%
36	FULLER H B CO COM FUL	FUL	77,354	$4.5m0.96%	0.96%	Reduced -1.6k	-1,573 -2.0%
37	RAYONIER INC COM RYN	RYN	211,357	$4.5m0.96%	0.96%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
BROWN & BROWN INC BRO	BRO	144,149	$9.4m144.1k shares
MCCORMICK & CO INC MKC	MKC	75,775	$3.8m75.8k shares