Speece Thorson Capital Group Inc
- Regulatory AUM
- $469M
- Discretionary
- $469M
- Clients
- 30
- Avg AUM / client
- $15.6M
- Accounts
- 41
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 24, 2026
Investments (13F portfolio — 38 positions, $438,991)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | White Mount Ins Grp Ltd | COM | $20,645 | 9,397 | 4.7% | 0.0% |
| 2 | Commerce Bancshares Inc | COM | $16,661 | 338,636 | 3.8% | 0.0% |
| 3 | Hexcel Corp New | COM | $16,592 | 205,013 | 3.78% | 0.0% |
| 4 | Sonoco Products | COM | $16,586 | 306,637 | 3.78% | 0.0% |
| 5 | Cass Information Sys Inc | COM | $15,594 | 354,237 | 3.55% | 0.0% |
| 6 | Idex Corp | COM | $15,179 | 80,078 | 3.46% | 0.0% |
| 7 | Mge Energy Inc | COM | $14,650 | 189,547 | 3.34% | 0.0% |
| 8 | Arrow Electrs Inc | COM | $14,493 | 101,062 | 3.3% | 0.0% |
| 9 | Rpm Intl Inc | COM | $14,409 | 144,959 | 3.28% | 0.0% |
| 10 | Steris Plc Shs Usd | COM | $14,248 | 64,431 | 3.25% | 0.0% |
| 11 | Devon Energy Corp New | COM | $14,172 | 281,631 | 3.23% | 0.0% |
| 12 | Toro Co | COM | $14,030 | 150,153 | 3.2% | 0.0% |
| 13 | Msa Safety Inc | COM | $13,963 | 85,165 | 3.18% | 0.0% |
| 14 | M & T Bank Corp | COM | $13,473 | 65,175 | 3.07% | 0.0% |
| 15 | Gentex Corp | COM | $13,306 | 608,982 | 3.03% | 0.0% |
| 16 | Wabtec Corp | COM | $13,166 | 52,684 | 3.0% | 0.0% |
| 17 | Tractor Supply Co | COM | $12,886 | 284,459 | 2.94% | 0.0% |
| 18 | Zimmer Hldgs Inc | COM | $12,781 | 141,354 | 2.91% | 0.0% |
| 19 | Teleflex Incorporated | COM | $12,712 | 106,277 | 2.9% | 0.0% |
| 20 | O Reilly Automotive Inc | COM | $11,723 | 126,996 | 2.67% | 0.0% |
| 21 | Laboratory Corp Amer Hldgs | COM | $11,698 | 43,843 | 2.66% | 0.0% |
| 22 | Azz Inc | COM | $11,589 | 92,617 | 2.64% | 0.0% |
| 23 | Smucker J M Co | COM | $11,535 | 119,610 | 2.63% | 0.0% |
| 24 | Aptargroup Inc | COM | $10,939 | 86,801 | 2.49% | 0.0% |
| 25 | Keysight Technologies Inc | COM | $10,842 | 38,396 | 2.47% | 0.0% |
Top 25 of 38 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 3 | $13.0M | 2.77% |
| High net worth individuals | 14 | $116M | 24.7% |
| Pooled investment vehicles (non-investment companies) | 1 | $111M | 23.7% |
| Pension and profit sharing plans | 2 | $119M | 25.4% |
| Charitable organizations | 9 | $106M | 22.6% |
| State or municipal government entities | 1 | $4.0M | 0.85% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $120M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Speece Thorson Capital Group Value Fund, Llc | Hedge Fund | Delaware | $120M | 43 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Federated Mutual Retirement Plan Federated Mutual Insurance Company | 2024 |
People (5)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Fred Howard Speece | Director, Shareholder | CFA | Mar 1992 (34y) | 50% – 75% |
| Benjamin David Johnson | Director, Shareholder | CFA | Jan 2007 (20y) | 10% – 25% |
| Matthew Jeremy Weight | Director, Shareholder | CFA | Nov 2014 (12y) | 10% – 25% |
| Peter James Swanson | Director, Shareholder | CFA | Aug 2017 (9y) | 10% – 25% |
| Jason William Roeske | Chief Compliance Officer | Nov 2023 (3y) | Less than 5% |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $120M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Speece Thorson Capital Group Value Fund, Llc | Hedge Fund | $120M | $1.0M | 43 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Federated Mutual Retirement Plan | Federated Mutual Insurance Company | 2,699 | $789M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/24/2026 | 1.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Trustmark National Bank $126M (27% of AUM) Mar 2026
- Northern Trust $124M (26% of AUM) Mar 2026
- U.S. Bank $110M (23% of AUM) Mar 2026
- Wells Fargo $90.0M (24% of AUM) Jun 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 24, 2026.
View current Form ADV (SEC/IAPD) ↗