SPEECE THORSON CAPITAL GROUP INC

CIK 0000900169 · Q2 2026

13F Equity AUM

$467.7M

+106450.3% QoQ

Positions

-1 QoQ

AUM Rank

#3,858

Top 44%

Skill Alpha (FF)

+0.3%/yr^ns

No Clear Edge

Rank #2,428 · Top 29%

vs S&P -3.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 19.8%Top 10: 36.9%Top 20: 67.5%

CBSH4.1%

WTM4.1%

MG14.0%

CASS3.8%

STE3.8%

SON3.6%

MSA3.6%

RPM3.4%

HXL3.3%

LH3.3%

Others (27)63.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials27.2%

Financial Services15.8%

Healthcare15.7%

Consumer Cyclical15.6%

Technology9.9%

Basic Materials4.3%

Utilities4.0%

Consumer Defensive2.8%

Other4.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 37Median: 2.82%Avg: 2.70%

0–0.5%

0(0.0%)

0.5–1%

2(1.9%)

1–3%

19(42.0%)

3–5%

16(56.1%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 37vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1Increased10Decreased26Exited2

New Positions

RYN1.0%

+211K

Increased

TRMB2.5%

+115K(+100%)

TSCO2.4%

+75K(+27%)

MG14.0%

+39K(+21%)

ORLY3.2%

+37K(+29%)

ATR3.3%

+35K(+40%)

WRB2.5%

+31K(+23%)

IEI2.8%

+23K(+27%)

STE3.8%

+20K(+31%)

MSA3.6%

+12K(+14%)

LH3.3%

+11K(+24%)

Decreased

HXL3.3%

-52,550(-26%)

ARW2.3%

-49,694(-49%)

AZZ2.1%

-28,867(-31%)

IEX3.2%

-14,568(-18%)

GNTX3.2%

-11,815(-2%)

MAX1.3%

-9,913(-2%)

KEYS2.3%

-8,269(-22%)

JT52.0%

-7,284(-2%)

DVN2.4%

-7,213(-3%)

CASS3.8%

-6,909(-2%)

Exited

BRO

-144,149

MCX

-75,775

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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