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Livermore
Livermore
ZHEN

Fruth Investment Management

SEC CIK
0001416856
Latest filing
Jul 10, 2026

The latest 13F from Fruth Investment Management covers Q2 2026 (filed Jul 10, 2026): 225 long positions worth $420.3M. The top 10 holdings make up 26.4% of the portfolio, and the largest is W.W. Grainger, Inc. (GWW) at 5.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
8
Est. +$2.49M
Added
11
Est. +$1.33M
Reduced
98
Est. −$12.1M
Sold out
12
Est. −$3.46M

Top 5 holdings

Share of this quarter's portfolio value

  1. GWWW.W. Grainger, Inc.
    5.3%$22.1MHistory
  2. LINLinde PLC
    3.2%$13.3MHistory
  3. AMATApplied Materials Inc
    3.1%$13.0MHistory
  4. XOMExxonMobil Holdings Corp
    2.6%$11.0MHistory
  5. MAMastercard Inc
    2.6%$10.7MHistory

Share of portfolio

Top 5 holdings and the other 220 positions, by share of portfolio value

  1. GWW5.3%
  2. LIN3.2%
  3. AMAT3.1%
  4. XOM2.6%
  5. MA2.6%
  6. Other 220 positions83.3%

Biggest buys

New and added positions, by estimated amount bought

  1. HONAHoneywell Aerospace Inc.
    +$1.08MNewHistory
  2. DVNDevon Energy Corp
    +$887.6KAddedHistory
  3. CAGConagra Brands Inc.
    +$309.4KAddedHistory
  4. AVOMission Produce, Inc.
    +$282.0KNewHistory
  5. NUENucor Corp
    +$256.0KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. HONAHoneywell Aerospace Inc.
    +0.26 pp0.0% → 0.3%History
  2. DVNDevon Energy Corp
    +0.20 pp0.1% → 0.3%History
  3. AVOMission Produce, Inc.
    +0.07 pp0.0% → 0.1%History
  4. NUENucor Corp
    +0.06 pp0.0% → 0.1%History
  5. TEXTerex Corp
    +0.06 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. KEYSKeysight Technologies, Inc.
    −$4.32MReducedHistory
  2. Du Pont E I de Nemours & Co263534109
    −$1.57MReduced
  3. HONHoneywell International Inc
    −$1.10MReducedHistory
  4. CTRACoterra Energy Inc.
    −$1.08MSold outHistory
  5. KEXKirby Corp
    −$534.1KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. XOMExxonMobil Holdings Corp
    −0.79 pp3.4% → 2.6%History
  2. KEYSKeysight Technologies, Inc.
    −0.75 pp1.5% → 0.8%History
  3. CVXChevron Corp
    −0.66 pp2.7% → 2.1%History
  4. TSCOTractor Supply Co
    −0.58 pp1.7% → 1.1%History
  5. HSYHershey Co
    −0.32 pp1.6% → 1.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$420.3M
+$19.0M (+4.7%) vs. prior quarter
Positions
225
−4 vs. prior quarter
Top 10 concentration
26.4%
Top 10 as share of value
Turnover
0.9%
Q2 2026, one quarter
Average holding period
20.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $420.3M (Q2 2026)

Q1 2021: $318.5MQ2 2021: $334.8MQ3 2021: $324.8MQ4 2021: $364.7MQ1 2022: $361.7MQ2 2022: $364.7MQ3 2022: $301.4MQ4 2022: $341.4MQ1 2023: $346.0MQ2 2023: $351.8MQ3 2023: $337.2MQ4 2023: $357.0MQ1 2024: $389.8MQ2 2024: $367.7MQ3 2024: $385.4MQ4 2024: $363.1MQ1 2025: $360.2MQ2 2025: $368.0MQ3 2025: $369.3MQ4 2025: $370.7MQ1 2026: $401.3MQ2 2026: $420.3M
Q1 2021Q2 2026
13F filings of Fruth Investment Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 2026225$420.3MGWWLINAMATvs. Q1 2026SEC
Q1 2026Apr 21, 2026229$401.3MGWWXOMLINvs. Q4 2025SEC
Q4 2025Jan 26, 2026220$370.7MGWWMALINvs. Q3 2025SEC
Q3 2025Oct 17, 2025215$369.3MGWWLINMAvs. Q2 2025SEC
Q2 2025Jul 11, 2025217$368.0MGWWLINMAvs. Q1 2025SEC
Q1 2025Jun 5, 2025218$360.2MGWWLINMAvs. Q4 2024SEC
Q4 2024Jan 27, 2025216$363.1MGWWLINMAvs. Q3 2024SEC
Q3 2024Oct 11, 2024219$385.4MGWWLINMAvs. Q2 2024SEC
Q2 2024Jul 18, 2024217$367.7MGWWLINXOMvs. Q1 2024SEC
Q1 2024Apr 19, 2024222$389.8MGWWLINMAvs. Q4 2023SEC
Q4 2023Jan 18, 2024223$357.0MGWWLINMAvs. Q3 2023SEC
Q3 2023Oct 10, 2023218$337.2MGWWLINXOMvs. Q2 2023SEC
Q2 2023Jul 25, 2023218$351.8MGWWLINXOMvs. Q1 2023SEC
Q1 2023Apr 26, 2023221$346.0MGWWLINXOMvs. Q4 2022SEC
Q4 2022Jan 17, 2023225$341.4MGWWLINXOMvs. Q3 2022SEC
Q3 2022Oct 13, 2022221$301.4MGWWLINXOMvs. Q2 2022SEC
Q2 2022Jul 19, 2022234$364.7MGWWLINTSCOvs. Q1 2022SEC
Q1 2022Apr 12, 2022234$361.7MGWWLINTSCOvs. Q4 2021SEC
Q4 2021Jan 14, 2022238$364.7MGWWLINSBUXvs. Q3 2021SEC
Q3 2021Oct 12, 2021229$324.8MSBUXLINGWWvs. Q2 2021SEC
Q2 2021Jul 19, 2021233$334.8MSBUXGWWLINvs. Q1 2021SEC
Q1 2021Apr 14, 2021228$318.5MSBUXLINGWW–SEC