SPEECE THORSON CAPITAL GROUP INC

Registered adviser

CIK

900169

Location

MINNETONKA, MN

Portfolio Value

Small $467,747,128

Diversification

Diversified

Filing Date

Global Rank

#4,014 / 8,827 ▼ 171

Top Industry

Banks - Regional 7.4%

Period ended 4 months ago

Filed Aug 4, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 106052

Roster of Nov 1, 2026

Regulatory AUM

$469,000,000

Main clients

Diversified

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$126,000,000 gross assets

Private funds on Schedule D 7.B.(1)

As filed Aug 13, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$120,000,000 gross assets in 1 fund Hedge funds $120,000,000 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$469,000,000	Diversified
Mar 2025 to Mar 2026	$522,000,000	Diversified
Feb 2024 to Feb 2025	$504,000,000	Diversified
May 2023 to Jan 2024	$502,000,000	Diversified
Feb 2023 to Apr 2023	$502,000,000	Diversified
Apr 2022 to Jan 2023	$501,000,000	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 36.9%, 33.6 effective positions, active share 97.5% against the S&P MidCap 400 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

25.0% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.0 quarters (12+), a floor since 64.5% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 97.5%; sector active share 40.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

37 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

4.1%

−0.6 pts

Top 5

19.8%

+0.2 pts

Top 10

36.9%

+0.7 pts

HHI

298

Diversified+5

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	27.2%	$127,276,483	10
Financial Services	15.8%	$74,014,519	5
Healthcare	15.7%	$73,332,348	5
Consumer Cyclical	15.6%	$72,737,399	6
Technology	9.9%	$46,272,096	4
Basic Materials	4.3%	$20,302,823	2
Utilities	4.0%	$18,646,485	1
Consumer Defensive	2.8%	$13,180,387	1
Energy	2.4%	$11,338,951	1
Communication Services	1.3%	$6,147,961	1
Real Estate	1.0%	$4,497,676	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
TRMB	Trimble Inc.	+114,911	229,315	$11,736,341
TSCO	Tractor Supply Co	+75,478	359,937	$11,377,608
MGEE	Mge Energy Inc	+39,132	228,679	$18,646,485
ORLY	O Reilly Automotive Inc	+37,084	164,080	$15,110,127
ATR	Aptargroup, Inc.	+34,554	121,355	$15,193,646
WRB	Berkley W R Corp	+30,700	162,554	$11,464,933
NSIT	Insight Enterprises Inc	+22,517	106,952	$13,026,753
STE	STERIS plc	+20,064	84,495	$17,792,112
MSA	MSA Safety Inc	+11,576	96,741	$16,889,043
LH	Labcorp Holdings Inc.	+10,542	54,385	$15,227,800
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HXL	Hexcel Corp	−52,550	152,463	$15,255,447
ARW	Arrow Electronics, Inc.	−49,694	51,368	$10,962,444
AZZ	Azz Inc	−28,867	63,750	$9,884,437
IEX	Idex Corp	−14,568	65,510	$14,867,494
GNTX	Gentex Corp	−11,815	597,167	$15,090,410
MAX	MediaAlpha, Inc.	−9,913	489,098	$6,147,961
KEYS	Keysight Technologies, Inc.	−8,269	30,127	$10,546,558
MWA	Mueller Water Products, Inc.	−7,284	367,282	$9,486,894
DVN	Devon Energy Corp	−7,213	274,418	$11,338,951
CASS	Cass Information Systems Inc	−6,909	347,328	$17,824,872
CBSH	Commerce Bancshares Inc	−6,194	332,442	$19,198,525
SON	Sonoco Products Co	−6,141	300,496	$16,932,949
CASY	Caseys General Stores Inc	−5,051	7,947	$6,316,196
TTC	Toro Co	−3,194	146,959	$14,316,745
RPM	Rpm International Inc	−2,864	142,095	$15,793,859
ZBH	Zimmer Biomet Holdings, Inc.	−2,807	138,547	$11,927,511
SJM	J M SMUCKER Co	−2,451	117,159	$13,180,387
TFX	Teleflex Inc	−2,212	104,065	$13,191,279
TEX	Terex Corp	−2,090	106,610	$7,717,497
FUL	Fuller H B Co	−1,573	77,354	$4,508,964
MHK	Mohawk Industries Inc	−1,302	65,195	$7,910,109
MTB	M&T Bank Corp	−1,290	63,885	$15,205,268
WAB	Westinghouse Air Brake Technologies Corp	−1,037	51,647	$13,924,031
NTRS	Northern Trust Corp	−1,030	51,999	$9,039,506
CHRW	C. H. Robinson Worldwide, Inc.	−773	37,751	$7,110,023
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
RYN	Rayonier Inc	211,357	$4,497,676
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
BRO	Brown & Brown, Inc.	144,149	$9,399,956
MKC	Mccormick & Co Inc	75,775	$3,822,091
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

37 tracked positions · $467,747,128 total · filing declares 37 positions · $467,746,000 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
CBSH	Commerce Bancshares Inc Financial Services	Reduced	332,442	-6,194	$19,198,525	+15.2%	26+	before history	4.10%
WTM	White Mountains Insurance Group Ltd Financial Services	Reduced	9,215	-182	$19,106,287	−7.5%	26+	before history	4.08%
MGEE	Mge Energy Inc Utilities	Added	228,679	+39,132	$18,646,485	+27.3%	11	$76.95	3.99%
CASS	Cass Information Systems Inc Industrials	Reduced	347,328	-6,909	$17,824,872	+14.3%	11	$42.87	3.81%
STE	STERIS plc Healthcare	Added	84,495	+20,064	$17,792,112	+24.9%	26+	before history	3.80%
SON	Sonoco Products Co Consumer Cyclical	Reduced	300,496	-6,141	$16,932,949	+2.1%	26+	before history	3.62%
MSA	MSA Safety Inc Industrials	Added	96,741	+11,576	$16,889,043	+21.0%	6	$160.89	3.61%
RPM	Rpm International Inc Basic Materials	Reduced	142,095	-2,864	$15,793,859	+9.6%	26+	before history	3.38%
HXL	Hexcel Corp Industrials	Reduced	152,463	-52,550	$15,255,447	−8.1%	26+	before history	3.26%
LH	Labcorp Holdings Inc. Healthcare	Added	54,385	+10,542	$15,227,800	+30.2%	9	$215.62	3.26%
MTB	M&T Bank Corp Financial Services	Reduced	63,885	-1,290	$15,205,268	+12.9%	26+	before history	3.25%
ATR	Aptargroup, Inc. Healthcare	Added	121,355	+34,554	$15,193,646	+38.9%	26+	before history	3.25%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	164,080	+37,084	$15,110,127	+28.9%	26+	before history	3.23%
GNTX	Gentex Corp Consumer Cyclical	Reduced	597,167	-11,815	$15,090,410	+13.4%	18	$28.67	3.23%
IEX	Idex Corp Industrials	Reduced	65,510	-14,568	$14,867,494	−2.1%	26+	before history	3.18%
TTC	Toro Co Industrials	Reduced	146,959	-3,194	$14,316,745	+2.0%	10	$88.23	3.06%
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	51,647	-1,037	$13,924,031	+5.8%	26+	before history	2.98%
TFX	Teleflex Inc Healthcare	Reduced	104,065	-2,212	$13,191,279	+3.8%	14	$188.39	2.82%
SJM	J M SMUCKER Co Consumer Defensive	Reduced	117,159	-2,451	$13,180,387	+14.3%	26+	before history	2.82%
NSIT	Insight Enterprises Inc Technology	Added	106,952	+22,517	$13,026,753	+130.2%	26+	before history	2.78%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Reduced	138,547	-2,807	$11,927,511	−6.7%	26+	before history	2.55%
TRMB	Trimble Inc. Technology	Added	229,315	+114,911	$11,736,341	+57.3%	2	$64.29	2.51%
WRB	Berkley W R Corp Financial Services	Added	162,554	+30,700	$11,464,933	+31.2%	26+	before history	2.45%
TSCO	Tractor Supply Co Consumer Cyclical	Added	359,937	+75,478	$11,377,608	−11.7%	26+	before history	2.43%
DVN	Devon Energy Corp Energy	Reduced	274,418	-7,213	$11,338,951	−20.0%	26+	before history	2.42%
ARW	Arrow Electronics, Inc. Technology	Reduced	51,368	-49,694	$10,962,444	−24.4%	26+	before history	2.34%
KEYS	Keysight Technologies, Inc. Technology	Reduced	30,127	-8,269	$10,546,558	−2.7%	17	$144.37	2.25%
AZZ	Azz Inc Industrials	Reduced	63,750	-28,867	$9,884,437	−14.7%	5	$92.40	2.11%
MWA	Mueller Water Products, Inc. Industrials	Reduced	367,282	-7,284	$9,486,894	−7.9%	26+	before history	2.03%
NTRS	Northern Trust Corp Financial Services	Reduced	51,999	-1,030	$9,039,506	+22.1%	26+	before history	1.93%
MHK	Mohawk Industries Inc Consumer Cyclical	Reduced	65,195	-1,302	$7,910,109	+20.8%	26+	before history	1.69%
TEX	Terex Corp Industrials	Reduced	106,610	-2,090	$7,717,497	+20.1%	2	$61.93	1.65%
CHRW	C. H. Robinson Worldwide, Inc. Industrials	Reduced	37,751	-773	$7,110,023	+11.1%	26+	before history	1.52%
CASY	Caseys General Stores Inc Consumer Cyclical	Reduced	7,947	-5,051	$6,316,196	−33.2%	26+	before history	1.35%
MAX	MediaAlpha, Inc. Communication Services	Reduced	489,098	-9,913	$6,147,961	+32.5%	2	$9.85	1.31%
FUL	Fuller H B Co Basic Materials	Reduced	77,354	-1,573	$4,508,964	−7.4%	2	$61.26	0.96%
RYN	Rayonier Inc Real Estate	NEW	211,357	NEW	$4,497,676	NEW	1	$20.94	0.96%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.