# EDGAR Filing Document

**Accession Number:** 0001416856
**File Stem:** 0001416856-26-000001
**Filing Date:** 2026-1
**Character Count:** 23300
**Document Hash:** 9fec5a4afb28bd424f2e038534da589a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001416856-26-000001.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001416856-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**EFFECTIVENESS DATE**: 20260126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fruth Investment Management
- **CENTRAL INDEX KEY:** 0001416856

**ORGANIZATION NAME:**
- **EIN:** 760358087

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12688
- **FILM NUMBER:** 26559445

**BUSINESS ADDRESS:**
- **STREET 1:** 820 GESSNER, SUITE 1640
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024
- **BUSINESS PHONE:** 713-464-2283

**MAIL ADDRESS:**
- **STREET 1:** 820 GESSNER, SUITE 1640
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Fruth Investment Management<br>**Address:** 820 GESSNER SUITE 1640<br>HOUSTON, TX 77024

**Form 13F File Number:** 028-12688

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Richard J Fruth<br>**Title:** President  CEO<br>**Phone:** 713-464-2283

**Signature, Place, and Date of Signing:**

Richard J Fruth  Houston, TX  01-26-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 220

**Form 13F Information Table Value Total:** $370737

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| GRAINGER WW INC | COM | 384802104 |  | 17221 | 17067 | SH |  | SOLE |  | 17221 | 0 | 0 |
| MASTERCARD INC | COM | 57636Q104 |  | 11934 | 20906 | SH |  | SOLE |  | 11934 | 0 | 0 |
| LINDE PLC COM | COM | G5494J103 |  | 11214 | 26302 | SH |  | SOLE |  | 11214 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 9706 | 80657 | SH |  | SOLE |  | 9706 | 0 | 0 |
| CHEVRONTEXACO CORP | COM | 166764100 |  | 8137 | 53390 | SH |  | SOLE |  | 8137 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 8053 | 16652 | SH |  | SOLE |  | 8053 | 0 | 0 |
| TRACTOR SUPPLY COMPANY | COM | 892356106 |  | 7754 | 155065 | SH |  | SOLE |  | 7754 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 7307 | 18775 | SH |  | SOLE |  | 7307 | 0 | 0 |
| AUTO DATA PROCESSING | COM | 053015103 |  | 6479 | 25191 | SH |  | SOLE |  | 6479 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 6435 | 23671 | SH |  | SOLE |  | 6435 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 5819 | 12500 | SH |  | SOLE |  | 5819 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 5808 | 68981 | SH |  | SOLE |  | 5808 | 0 | 0 |
| CASEYS GENERAL STORES INC | COM | 147528103 |  | 5783 | 10464 | SH |  | SOLE |  | 5783 | 0 | 0 |
| HERSHEY FOODS CORP | COM | 427866108 |  | 5625 | 30914 | SH |  | SOLE |  | 5625 | 0 | 0 |
| AGILENT TECHNOLOGIES | COM | 00846U101 |  | 5411 | 39772 | SH |  | SOLE |  | 5411 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 5339 | 6075 | SH |  | SOLE |  | 5339 | 0 | 0 |
| APPLIED INDL. TECH. | COM | 03820C105 |  | 5133 | 19994 | SH |  | SOLE |  | 5133 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5037 | 24342 | SH |  | SOLE |  | 5037 | 0 | 0 |
| EATON CORPORATION | COM | 278058102 |  | 4959 | 15572 | SH |  | SOLE |  | 4959 | 0 | 0 |
| EMERSON ELECTRIC | COM | 291011104 |  | 4868 | 36679 | SH |  | SOLE |  | 4868 | 0 | 0 |
| AIR PRODUCTS  CHEMICALS | COM | 009158106 |  | 4855 | 19655 | SH |  | SOLE |  | 4855 | 0 | 0 |
| APPLIED MATERIALS INC | COM | 038222105 |  | 4812 | 18725 | SH |  | SOLE |  | 4812 | 0 | 0 |
| VIKING HOLDINGS INC. | COM | G93A5A101 |  | 4751 | 66544 | SH |  | SOLE |  | 4751 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC COM | COM | 49338L103 |  | 4477 | 22035 | SH |  | SOLE |  | 4477 | 0 | 0 |
| COSTCO WHOLSALE CORP NEW | COM | 22160K105 |  | 4337 | 5030 | SH |  | SOLE |  | 4337 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 4332 | 7563 | SH |  | SOLE |  | 4332 | 0 | 0 |
| AMERICAN EXPRESS CO. | COM | 025816109 |  | 4062 | 10980 | SH |  | SOLE |  | 4062 | 0 | 0 |
| PEPSICO INCORPORATED | COM | 713448108 |  | 3923 | 27336 | SH |  | SOLE |  | 3923 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 3715 | 29652 | SH |  | SOLE |  | 3715 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 |  | 3609 | 15606 | SH |  | SOLE |  | 3609 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 3244 | 17249 | SH |  | SOLE |  | 3244 | 0 | 0 |
| MARATHON PETE CORP COM | COM | 56585A102 |  | 3226 | 19838 | SH |  | SOLE |  | 3226 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 3225 | 11895 | SH |  | SOLE |  | 3225 | 0 | 0 |
| NEWMONT GOLDCORP | COM | 651639106 |  | 3181 | 31866 | SH |  | SOLE |  | 3181 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 3052 | 8871 | SH |  | SOLE |  | 3052 | 0 | 0 |
| GORMAN-RUPP CO COM | COM | 383082104 |  | 3012 | 63099 | SH |  | SOLE |  | 3012 | 0 | 0 |
| MURPHY USA INC. | COM | 626755102 |  | 2964 | 7346 | SH |  | SOLE |  | 2964 | 0 | 0 |
| DARDEN RESTURANTS INC | COM | 237194105 |  | 2916 | 15850 | SH |  | SOLE |  | 2916 | 0 | 0 |
| STERIS PLC | COM | 859152100 |  | 2873 | 11335 | SH |  | SOLE |  | 2873 | 0 | 0 |
| SYSCO CORP. | COM | 871829107 |  | 2853 | 38729 | SH |  | SOLE |  | 2853 | 0 | 0 |
| VALERO ENERGY | COM | 91913Y100 |  | 2612 | 16050 | SH |  | SOLE |  | 2612 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2598 | 27754 | SH |  | SOLE |  | 2598 | 0 | 0 |
| MC CORMICK  CO NEW VT | COM | 579780206 |  | 2518 | 36980 | SH |  | SOLE |  | 2518 | 0 | 0 |
| DISNEY WALT HOLDING CO | COM | 254687106 |  | 2506 | 22034 | SH |  | SOLE |  | 2506 | 0 | 0 |
| BUNGE | COM | H11356104 |  | 2388 | 26816 | SH |  | SOLE |  | 2388 | 0 | 0 |
| MIDDLEBY CORP THE | COM | 596278101 |  | 2294 | 15435 | SH |  | SOLE |  | 2294 | 0 | 0 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 2254 | 7808 | SH |  | SOLE |  | 2254 | 0 | 0 |
| CHESAPEAKE UTIL CORP | COM | 165303108 |  | 2223 | 17824 | SH |  | SOLE |  | 2223 | 0 | 0 |
| LOWES COMPANIES INC | COM | 548661107 |  | 2218 | 9200 | SH |  | SOLE |  | 2218 | 0 | 0 |
| TEXAS INSTRUMENTS INC | COM | 882508104 |  | 2147 | 12380 | SH |  | SOLE |  | 2147 | 0 | 0 |
| CHUBB CORPORATION | COM | 171232101 |  | 2004 | 6421 | SH |  | SOLE |  | 2004 | 0 | 0 |
| COCA-COLA COMPANY | COM | 191216100 |  | 1980 | 28325 | SH |  | SOLE |  | 1980 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1943 | 19259 | SH |  | SOLE |  | 1943 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1935 | 18390 | SH |  | SOLE |  | 1935 | 0 | 0 |
| MINE SAFTEY APPLIANCE CO | COM | 553498106 |  | 1916 | 11965 | SH |  | SOLE |  | 1916 | 0 | 0 |
| HONEYWELL INC. | COM | 438516106 |  | 1906 | 9772 | SH |  | SOLE |  | 1906 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 1900 | 60821 | SH |  | SOLE |  | 1900 | 0 | 0 |
| TIMKEN COMPANY | COM | 887389104 |  | 1870 | 22234 | SH |  | SOLE |  | 1870 | 0 | 0 |
| CORNING INC. | COM | 219350105 |  | 1751 | 20000 | SH |  | SOLE |  | 1751 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 1722 | 4900 | SH |  | SOLE |  | 1722 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 1720 | 15617 | SH |  | SOLE |  | 1720 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 1674 | 24987 | SH |  | SOLE |  | 1674 | 0 | 0 |
| SONOCO PRODUCTS INC | COM | 835495102 |  | 1672 | 38320 | SH |  | SOLE |  | 1672 | 0 | 0 |
| FRANKLIN ELEC CO INC | COM | 353514102 |  | 1652 | 17300 | SH |  | SOLE |  | 1652 | 0 | 0 |
| ALAMOS GOLD INC. | COM | 011532108 |  | 1543 | 40000 | SH |  | SOLE |  | 1543 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 1539 | 9181 | SH |  | SOLE |  | 1539 | 0 | 0 |
| DOVER CORPORATION | COM | 260003108 |  | 1527 | 7825 | SH |  | SOLE |  | 1527 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 1499 | 11623 | SH |  | SOLE |  | 1499 | 0 | 0 |
| SCHLUMBERGER LTD       F | COM | 806857108 |  | 1482 | 38615 | SH |  | SOLE |  | 1482 | 0 | 0 |
| MARKEL CORP. | COM | 570535104 |  | 1470 | 684 | SH |  | SOLE |  | 1470 | 0 | 0 |
| OLIN CORP NEW | COM | 680665205 |  | 1464 | 70312 | SH |  | SOLE |  | 1464 | 0 | 0 |
| ALLEGHENY TECH INC | COM | 01741R102 |  | 1463 | 12750 | SH |  | SOLE |  | 1463 | 0 | 0 |
| ONEOK INC | COM | 682680103 |  | 1461 | 19882 | SH |  | SOLE |  | 1461 | 0 | 0 |
| SMURFIT WESTROCK LTD | COM | G8267P108 |  | 1443 | 37322 | SH |  | SOLE |  | 1443 | 0 | 0 |
| ANGLOGOLD LTD | COM | 035128206 |  | 1432 | 16800 | SH |  | SOLE |  | 1432 | 0 | 0 |
| THE CHARLES SCHWAB CORP | COM | 808513105 |  | 1430 | 14315 | SH |  | SOLE |  | 1430 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 1423 | 8400 | SH |  | SOLE |  | 1423 | 0 | 0 |
| INGERSOLL-RAND COMPANY | COM | G47791101 |  | 1422 | 17955 | SH |  | SOLE |  | 1422 | 0 | 0 |
| AVNET INC | COM | 053807103 |  | 1401 | 29155 | SH |  | SOLE |  | 1401 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1365 | 17301 | SH |  | SOLE |  | 1365 | 0 | 0 |
| FRANCO NEVADA CORP. | COM | 351858105 |  | 1336 | 6450 | SH |  | SOLE |  | 1336 | 0 | 0 |
| RTX CORP. | COM | 75513E101 |  | 1332 | 7267 | SH |  | SOLE |  | 1332 | 0 | 0 |
| BANK OF NEW YORK CO INC | COM | 064058100 |  | 1312 | 11305 | SH |  | SOLE |  | 1312 | 0 | 0 |
| INTL FLAVOR  FRAGRANCES | COM | 459506101 |  | 1308 | 19422 | SH |  | SOLE |  | 1308 | 0 | 0 |
| AGNICO-EAGLE MINES LTD | COM | 008474108 |  | 1267 | 7475 | SH |  | SOLE |  | 1267 | 0 | 0 |
| KINROSS GOLD CORP NEW | COM | 496902404 |  | 1255 | 44600 | SH |  | SOLE |  | 1255 | 0 | 0 |
| PENSKE AUTOMOTIVE GROUP | COM | 70959W103 |  | 1234 | 7800 | SH |  | SOLE |  | 1234 | 0 | 0 |
| ENBRIDGE INC. | COM | 29250N105 |  | 1221 | 25539 | SH |  | SOLE |  | 1221 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 1204 | 17400 | SH |  | SOLE |  | 1204 | 0 | 0 |
| GENERAL MILLS INC | COM | 370334104 |  | 1192 | 25655 | SH |  | SOLE |  | 1192 | 0 | 0 |
| NORTHERN TRUST CORP | COM | 665859104 |  | 1191 | 8720 | SH |  | SOLE |  | 1191 | 0 | 0 |
| BROWN FORMAN CORP CL B | COM | 115637209 |  | 1164 | 44687 | SH |  | SOLE |  | 1164 | 0 | 0 |
| CANADIAN PAC LTD NEW | COM | 13645T100 |  | 1159 | 15742 | SH |  | SOLE |  | 1159 | 0 | 0 |
| DOW CHEMICAL | COM | 260557103 |  | 1151 | 49256 | SH |  | SOLE |  | 1151 | 0 | 0 |
| LAUDER ESTEE CORP CL A | COM | 518439104 |  | 1148 | 10972 | SH |  | SOLE |  | 1148 | 0 | 0 |
| ALLEGION PUBLIC LTD. CO. | COM | G0176J109 |  | 1095 | 6882 | SH |  | SOLE |  | 1095 | 0 | 0 |
| ADVANSIX INC COM | COM | 00773T101 |  | 1090 | 63061 | SH |  | SOLE |  | 1090 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1069 | 3300 | SH |  | SOLE |  | 1069 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 1047 | 28900 | SH |  | SOLE |  | 1047 | 0 | 0 |
| DNOW INC COM | COM | 67011P100 |  | 1012 | 76400 | SH |  | SOLE |  | 1012 | 0 | 0 |
| ALBANY INT'L CORP. | COM | 012348108 |  | 1009 | 19905 | SH |  | SOLE |  | 1009 | 0 | 0 |
| INGEVITY CORP COM | COM | 45688C107 |  | 1003 | 16957 | SH |  | SOLE |  | 1003 | 0 | 0 |
| FIDELITY NATL INFO SVCS | COM | 31620M106 |  | 989 | 14888 | SH |  | SOLE |  | 989 | 0 | 0 |
| COMERICA INC. | COM | 200340107 |  | 981 | 11290 | SH |  | SOLE |  | 981 | 0 | 0 |
| 3M COMPANY | COM | 88579Y101 |  | 975 | 6090 | SH |  | SOLE |  | 975 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE | COM | 45866F104 |  | 971 | 6000 | SH |  | SOLE |  | 971 | 0 | 0 |
| NUTRIEN LTD CO COM | COM | 67077M108 |  | 935 | 15161 | SH |  | SOLE |  | 935 | 0 | 0 |
| OLD REPUBLIC INTL CORP | COM | 680223104 |  | 929 | 20358 | SH |  | SOLE |  | 929 | 0 | 0 |
| METALLUS (MTUS/TMST) | COM | 887399103 |  | 898 | 52350 | SH |  | SOLE |  | 898 | 0 | 0 |
| O-I GLASS INC. | COM | 690768403 |  | 896 | 60707 | SH |  | SOLE |  | 896 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 867 | 7922 | SH |  | SOLE |  | 867 | 0 | 0 |
| BARRICK MINING CORP | COM | 06849F108 |  | 862 | 19800 | SH |  | SOLE |  | 862 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 845 | 15680 | SH |  | SOLE |  | 845 | 0 | 0 |
| CONAGRA INCORPORATED | COM | 205887102 |  | 830 | 48000 | SH |  | SOLE |  | 830 | 0 | 0 |
| CLEVELAND-CLIFFS INC. | COM | 185899101 |  | 819 | 61725 | SH |  | SOLE |  | 819 | 0 | 0 |
| COTERRA ENERGY INC. | COM | 127097103 |  | 808 | 30714 | SH |  | SOLE |  | 808 | 0 | 0 |
| SPIRE | COM | 84857L101 |  | 785 | 9500 | SH |  | SOLE |  | 785 | 0 | 0 |
| MATSON INC COM | COM | 57686G105 |  | 766 | 6200 | SH |  | SOLE |  | 766 | 0 | 0 |
| NETAPP INC. | COM | 64110D104 |  | 765 | 7150 | SH |  | SOLE |  | 765 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 755 | 29500 | SH |  | SOLE |  | 755 | 0 | 0 |
| TRANSDIGM GROUP INC. | COM | 893641100 |  | 744 | 560 | SH |  | SOLE |  | 744 | 0 | 0 |
| IMPERIAL OIL LTD | COM | 453038408 |  | 725 | 8400 | SH |  | SOLE |  | 725 | 0 | 0 |
| KINDER MORGAN INC | COM | 49456B101 |  | 710 | 25837 | SH |  | SOLE |  | 710 | 0 | 0 |
| QNITY ELECTRONICS INC. | COM | 74743L100 |  | 709 | 8684 | SH |  | SOLE |  | 709 | 0 | 0 |
| DU PONT E I DE NEMOUR | COM | 263534109 |  | 698 | 17376 | SH |  | SOLE |  | 698 | 0 | 0 |
| GENUINE PARTS CO COM | COM | 372460105 |  | 652 | 5310 | SH |  | SOLE |  | 652 | 0 | 0 |
| SHELL PLC. | COM | 780259305 |  | 650 | 8846 | SH |  | SOLE |  | 650 | 0 | 0 |
| WHEATON PRECIOUS MET. | COM | 962879102 |  | 646 | 5500 | SH |  | SOLE |  | 646 | 0 | 0 |
| ASTRAZENECA PLC ADR | COM | 046353108 |  | 643 | 6998 | SH |  | SOLE |  | 643 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 616 | 24762 | SH |  | SOLE |  | 616 | 0 | 0 |
| MACYS INC. | COM | 55616P104 |  | 616 | 27950 | SH |  | SOLE |  | 616 | 0 | 0 |
| VERIZON COMM | COM | 92343V104 |  | 603 | 14814 | SH |  | SOLE |  | 603 | 0 | 0 |
| RALPH LAUREN CORP. | COM | 751212101 |  | 601 | 1700 | SH |  | SOLE |  | 601 | 0 | 0 |
| DUKE ENERGY CORPORATION | COM | 26441C105 |  | 578 | 4937 | SH |  | SOLE |  | 578 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 569 | 1740 | SH |  | SOLE |  | 569 | 0 | 0 |
| GOODYEAR TIRE  RUBBER | COM | 382550101 |  | 566 | 64651 | SH |  | SOLE |  | 566 | 0 | 0 |
| INTL BUSINESS MACHINES | COM | 459200101 |  | 547 | 1850 | SH |  | SOLE |  | 547 | 0 | 0 |
| DIAMONDBACK ENERGY | COM | 25278X109 |  | 519 | 3457 | SH |  | SOLE |  | 519 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 504 | 5418 | SH |  | SOLE |  | 504 | 0 | 0 |
| VIATRIS INC. | COM | 92556V106 |  | 485 | 39010 | SH |  | SOLE |  | 485 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 468 | 7500 | SH |  | SOLE |  | 468 | 0 | 0 |
| AMERICAN STATES WATER CO | COM | 029899101 |  | 463 | 6400 | SH |  | SOLE |  | 463 | 0 | 0 |
| PREFORMED LINE PRODS INC | COM | 740444104 |  | 454 | 2200 | SH |  | SOLE |  | 454 | 0 | 0 |
| ASA GOLD  PRECS MTLS | COM | G3156P103 |  | 447 | 7500 | SH |  | SOLE |  | 447 | 0 | 0 |
| MUELLER WATER PRODUCTS | COM | 624758108 |  | 440 | 18500 | SH |  | SOLE |  | 440 | 0 | 0 |
| BRIGHTHOUSE FINL INC COM | COM | 10922N103 |  | 440 | 6800 | SH |  | SOLE |  | 440 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 432 | 17950 | SH |  | SOLE |  | 432 | 0 | 0 |
| PERMIAN BASIN ROYALTY TR | COM | 714236106 |  | 430 | 25400 | SH |  | SOLE |  | 430 | 0 | 0 |
| AMER ELECTRIC PWR CO INC | COM | 025537101 |  | 412 | 3580 | SH |  | SOLE |  | 412 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 411 | 10003 | SH |  | SOLE |  | 411 | 0 | 0 |
| O REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 410 | 4500 | SH |  | SOLE |  | 410 | 0 | 0 |
| CHURCHILL DOWNS INC KY | COM | 171484108 |  | 409 | 3600 | SH |  | SOLE |  | 409 | 0 | 0 |
| BP PLC | COM | 055622104 |  | 401 | 11565 | SH |  | SOLE |  | 401 | 0 | 0 |
| PAN AMERICAN SILVER | COM | 697900108 |  | 388 | 7500 | SH |  | SOLE |  | 388 | 0 | 0 |
| CARRIER GLOBAL CORP. | COM | 14448C104 |  | 384 | 7281 | SH |  | SOLE |  | 384 | 0 | 0 |
| REGIONS FINANCIAL CP NEW | COM | 7591EP100 |  | 378 | 13959 | SH |  | SOLE |  | 378 | 0 | 0 |
| TRANSOCEAN SEDCO FOREX | COM | H8817H100 |  | 373 | 90378 | SH |  | SOLE |  | 373 | 0 | 0 |
| CELANESE CORP. | COM | 150870103 |  | 372 | 8815 | SH |  | SOLE |  | 372 | 0 | 0 |
| KNOWLES CORP COM | COM | 49926D109 |  | 369 | 17225 | SH |  | SOLE |  | 369 | 0 | 0 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 367 | 12800 | SH |  | SOLE |  | 367 | 0 | 0 |
| FLUOR CORPORATION | COM | 343412102 |  | 366 | 9250 | SH |  | SOLE |  | 366 | 0 | 0 |
| INTEL | COM | 458140100 |  | 364 | 9878 | SH |  | SOLE |  | 364 | 0 | 0 |
| VALVOLINE INC. | COM | 92047W101 |  | 362 | 12480 | SH |  | SOLE |  | 362 | 0 | 0 |
| EASTMAN CHEMICAL | COM | 277432100 |  | 360 | 5650 | SH |  | SOLE |  | 360 | 0 | 0 |
| CIENA CORP NEW | COM | 171779309 |  | 350 | 1500 | SH |  | SOLE |  | 350 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 348 | 2000 | SH |  | SOLE |  | 348 | 0 | 0 |
| OVINTIV INC. | COM | 69047Q102 |  | 336 | 8594 | SH |  | SOLE |  | 336 | 0 | 0 |
| DOMINION RESOURCES INC. | COM | 25746U109 |  | 329 | 5631 | SH |  | SOLE |  | 329 | 0 | 0 |
| CULLEN FROST BANKERS | COM | 229899109 |  | 329 | 2600 | SH |  | SOLE |  | 329 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 328 | 15916 | SH |  | SOLE |  | 328 | 0 | 0 |
| EXPEDITORS INTL WASH | COM | 302130109 |  | 320 | 2150 | SH |  | SOLE |  | 320 | 0 | 0 |
| HF SINCLAIR CORP. | COM | 403949100 |  | 320 | 6950 | SH |  | SOLE |  | 320 | 0 | 0 |
| BAKER HUGHES CO. | COM | 05722G100 |  | 318 | 7000 | SH |  | SOLE |  | 318 | 0 | 0 |
| SCHWAB US TIPS ETF | COM | 808524870 |  | 317 | 12000 | SH |  | SOLE |  | 317 | 0 | 0 |
| ONE GAS INC COM | COM | 68235P108 |  | 309 | 4008 | SH |  | SOLE |  | 309 | 0 | 0 |
| ZIONS BANCORPORATION COM | COM | 989701107 |  | 307 | 5250 | SH |  | SOLE |  | 307 | 0 | 0 |
| STANLEY BLACK  DECKER INC. | COM | 854502101 |  | 302 | 4075 | SH |  | SOLE |  | 302 | 0 | 0 |
| OTIS WORLDWIDE CORP. | COM | 68902V107 |  | 297 | 3403 | SH |  | SOLE |  | 297 | 0 | 0 |
| ARTESIAN RES CORP CLA | COM | 043113208 |  | 295 | 9350 | SH |  | SOLE |  | 295 | 0 | 0 |
| RGC RESOURCES INC | COM | 74955L103 |  | 293 | 13800 | SH |  | SOLE |  | 293 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 292 | 6253 | SH |  | SOLE |  | 292 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 291 | 16826 | SH |  | SOLE |  | 291 | 0 | 0 |
| NASDAQ STOCK MARKET INC | COM | 631103108 |  | 291 | 3000 | SH |  | SOLE |  | 291 | 0 | 0 |
| MATIV HLDGS. INC. | COM | 808541106 |  | 281 | 23202 | SH |  | SOLE |  | 281 | 0 | 0 |
| VISA INC CL A | COM | 92826C839 |  | 279 | 798 | SH |  | SOLE |  | 279 | 0 | 0 |
| PNC BANK CORP | COM | 693475105 |  | 275 | 1320 | SH |  | SOLE |  | 275 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 273 | 2441 | SH |  | SOLE |  | 273 | 0 | 0 |
| FORD MOTOR COMPANY | COM | 345370860 |  | 273 | 20850 | SH |  | SOLE |  | 273 | 0 | 0 |
| CME GROUP INC COM | COM | 12572Q105 |  | 273 | 1000 | SH |  | SOLE |  | 273 | 0 | 0 |
| EBAY INC | COM | 278642103 |  | 268 | 3081 | SH |  | SOLE |  | 268 | 0 | 0 |
| GILEAD SCIENCE SVCS | COM | 375558103 |  | 260 | 2125 | SH |  | SOLE |  | 260 | 0 | 0 |
| TEX PAC LAND SUB CTF | COM | 88262P102 |  | 258 | 900 | SH |  | SOLE |  | 258 | 0 | 0 |
| ZOETIS INC. | COM | 98978V103 |  | 251 | 2000 | SH |  | SOLE |  | 251 | 0 | 0 |
| CBOE HOLDINGS INC COMMON | COM | 12503M108 |  | 251 | 1000 | SH |  | SOLE |  | 251 | 0 | 0 |
| ORGANON  CO. | COM | 68622V106 |  | 249 | 34850 | SH |  | SOLE |  | 249 | 0 | 0 |
| 21ST CENT FOX Cl A | COM | 35137L105 |  | 249 | 3411 | SH |  | SOLE |  | 249 | 0 | 0 |
| HALLIBURTON COMPANY | COM | 406216101 |  | 247 | 8770 | SH |  | SOLE |  | 247 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 238 | 6045 | SH |  | SOLE |  | 238 | 0 | 0 |
| PARK NATIONAL CORP | COM | 700658107 |  | 228 | 1500 | SH |  | SOLE |  | 228 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 218 | 1200 | SH |  | SOLE |  | 218 | 0 | 0 |
| ST JOE COMPANY | COM | 790148100 |  | 204 | 3450 | SH |  | SOLE |  | 204 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 204 | 400 | SH |  | SOLE |  | 204 | 0 | 0 |
| NO EUROPEAN OIL TR | COM | 659310106 |  | 203 | 31034 | SH |  | SOLE |  | 203 | 0 | 0 |
| JOHNSON CONTROLS | COM | G51502105 |  | 203 | 1700 | SH |  | SOLE |  | 203 | 0 | 0 |
| CALAVO GROWERS INC | COM | 128246105 |  | 200 | 9200 | SH |  | SOLE |  | 200 | 0 | 0 |
| ALICO INC. | COM | 016230104 |  | 200 | 5500 | SH |  | SOLE |  | 200 | 0 | 0 |
| DENNYS CORP | COM | 24869P104 |  | 192 | 31000 | SH |  | SOLE |  | 192 | 0 | 0 |
| NUVEEN QUALITY MUNICIPAL | COM | 67066V101 |  | 186 | 15493 | SH |  | SOLE |  | 186 | 0 | 0 |
| CALERES INC. | COM | 129500104 |  | 165 | 13600 | SH |  | SOLE |  | 165 | 0 | 0 |
| DNP SELECT INCOME FUND | COM | 23325P104 |  | 146 | 14655 | SH |  | SOLE |  | 146 | 0 | 0 |
| CHEMOURS COMPANY | COM | 163851108 |  | 127 | 10855 | SH |  | SOLE |  | 127 | 0 | 0 |
| MEXCO ENERGY CORP. | COM | 592770101 |  | 107 | 10819 | SH |  | SOLE |  | 107 | 0 | 0 |
| SOLITARIO EXPLORATION | COM | 8342EP107 |  | 104 | 150000 | SH |  | SOLE |  | 104 | 0 | 0 |
| ORION MARINE GROUP | COM | 68628V308 |  | 104 | 10500 | SH |  | SOLE |  | 104 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 80 | 13000 | SH |  | SOLE |  | 80 | 0 | 0 |
| PATTERSON UTIL ENRGY | COM | 703481101 |  | 61 | 10100 | SH |  | SOLE |  | 61 | 0 | 0 |
| ACCO BRANDS CORP COM | COM | 00081T108 |  | 50 | 13500 | SH |  | SOLE |  | 50 | 0 | 0 |
| XEROX CORP | COM | 984121103 |  | 39 | 16792 | SH |  | SOLE |  | 39 | 0 | 0 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 29 | 32000 | SH |  | SOLE |  | 29 | 0 | 0 |
| DULUTH HOLDINGS INC | COM | 26443V101 |  | 26 | 12700 | SH |  | SOLE |  | 26 | 0 | 0 |

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