SPEECE THORSON CAPITAL GROUP INC

Portfolio Overview

SPEECE THORSON CAPITAL GROUP INC disclosed 37 positions worth $467.7M in its Form 13F-HR for Q2 2026, led by $CBSH (COMMERCE BANCSHARES INC /MO/) at 4.1% of the equity portfolio, followed by $WTM and $MGEE. During the quarter the fund opened 1 new position and exited 2 — including a new stake in $RYN and a full exit from $BRO. The portfolio is most concentrated in Industrials (24.9% of disclosed assets). All figures are sourced directly from SPEECE THORSON CAPITAL GROUP INC’s Form 13F-HR filing with the SEC under CIK 900169.

• 

  COMMERCE BANCSHARES INC /MO/

  $CBSH

  59.1#949

  Quality

  $19.2M332,442 sh
• 

  WHITE MOUNTAINS INSURANCE GROUP LTD

  $WTM

  —

  Quality

  $19.1M9,215 sh
• 

  MGE ENERGY INC

  $MGEE

  52.2#1,474

  Quality

  $18.6M228,679 sh
• 

  CASS INFORMATION SYSTEMS INC

  $CASS

  50.2

  Quality

  $17.8M347,328 sh
• 

  STERIS plc

  $STE

  —

  Quality

  $17.8M84,495 sh
• 

  SONOCO PRODUCTS CO

  $SON

  69.0

  Quality

  $16.9M300,496 sh
• 

  MSA Safety Inc

  $MSA

  63.4

  Quality

  $16.9M96,741 sh
• 

  RPM INTERNATIONAL INC/DE/

  $RPM

  59.6

  Quality

  $15.8M142,095 sh
• 

  HEXCEL CORP /DE/

  $HXL

  58.1

  Quality

  $15.3M152,463 sh
• 

  LABCORP HOLDINGS INC.

  $LH

  65.0

  Quality

  $15.2M54,385 sh

Company	Quality	Value	Shares
COMMERCE BANCSHARES INC /MO/$CBSH	59.1#949	$19.2M	332,442
WHITE MOUNTAINS INSURANCE GROUP LTD$WTM	—	$19.1M	9,215
MGE ENERGY INC$MGEE	52.2#1,474	$18.6M	228,679
CASS INFORMATION SYSTEMS INC$CASS	50.2	$17.8M	347,328
STERIS plc$STE	—	$17.8M	84,495
SONOCO PRODUCTS CO$SON	69.0	$16.9M	300,496
MSA Safety Inc$MSA	63.4	$16.9M	96,741
RPM INTERNATIONAL INC/DE/$RPM	59.6	$15.8M	142,095
HEXCEL CORP /DE/$HXL	58.1	$15.3M	152,463
LABCORP HOLDINGS INC.$LH	65.0	$15.2M	54,385

Showing top 10 of 37 holdings.

Full Holdings — SPEECE THORSON CAPITAL GROUP INC (Q2 2026)

All 37 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$CBSH	COMMERCE BANCSHARES INC /MO/	$19.2M	4.1%	-2%	59.1
2	$WTM	WHITE MOUNTAINS INSURANCE GROUP LTD	$19.1M	4.1%	-2%	—
3	$MGEE	MGE ENERGY INC	$18.6M	4.0%	+21%	52.2
4	$CASS	CASS INFORMATION SYSTEMS INC	$17.8M	3.8%	-2%	50.2
5	$STE	STERIS plc	$17.8M	3.8%	+31%	—
6	$SON	SONOCO PRODUCTS CO	$16.9M	3.6%	-2%	69
7	$MSA	MSA Safety Inc	$16.9M	3.6%	+14%	63.4
8	$RPM	RPM INTERNATIONAL INC/DE/	$15.8M	3.4%	-2%	59.6
9	$HXL	HEXCEL CORP /DE/	$15.3M	3.3%	-26%	58.1
10	$LH	LABCORP HOLDINGS INC.	$15.2M	3.3%	+24%	65
11	$MTB	M&T BANK CORP	$15.2M	3.3%	-2%	58.6
12	$ATR	APTARGROUP, INC.	$15.2M	3.3%	+40%	57.5
13	$ORLY	O REILLY AUTOMOTIVE INC	$15.1M	3.2%	+29%	67.4
14	$GNTX	GENTEX CORP	$15.1M	3.2%	-2%	64.7
15	$IEX	IDEX CORP /DE/	$14.9M	3.2%	-18%	60.9
16	$TTC	TORO CO	$14.3M	3.1%	-2%	60.6
17	$WAB	WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP	$13.9M	3.0%	-2%	66.3
18	$TFX	TELEFLEX INC	$13.2M	2.8%	-2%	37.5
19	$SJM	J M SMUCKER Co	$13.2M	2.8%	-2%	59.1
20	$NSIT	INSIGHT ENTERPRISES INC	$13.0M	2.8%	+27%	49.4
21	$ZBH	ZIMMER BIOMET HOLDINGS, INC.	$11.9M	2.5%	-2%	65.7
22	$TRMB	TRIMBLE INC.	$11.7M	2.5%	+100%	49.3
23	$WRB	BERKLEY W R CORP	$11.5M	2.5%	+23%	68.6
24	$TSCO	TRACTOR SUPPLY CO /DE/	$11.4M	2.4%	+27%	55.2
25	$DVN	DEVON ENERGY CORP/DE	$11.3M	2.4%	-3%	74.8
26	$ARW	ARROW ELECTRONICS, INC.	$11.0M	2.3%	-49%	55.7
27	$KEYS	Keysight Technologies, Inc.	$10.5M	2.3%	-22%	71.4
28	$AZZ	AZZ INC	$9.9M	2.1%	-31%	58.4
29	$MWA	Mueller Water Products, Inc.	$9.5M	2.0%	-2%	62.2
30	$NTRS	NORTHERN TRUST CORP	$9.0M	1.9%	-2%	65.2
31	$MHK	MOHAWK INDUSTRIES INC	$7.9M	1.7%	-2%	52.3
32	$TEX	TEREX CORP	$7.7M	1.6%	-2%	58.6
33	$CHRW	C. H. ROBINSON WORLDWIDE, INC.	$7.1M	1.5%	-2%	52.1
34	$CASY	CASEYS GENERAL STORES INC	$6.3M	1.4%	-39%	65.1
35	$MAX	MediaAlpha, Inc.	$6.1M	1.3%	-2%	61.6
36	$FUL	FULLER H B CO	$4.5M	1.0%	-2%	50.9
37	$RYN	RAYONIER INC	$4.5M	1.0%	NEW	58.2