# EDGAR Filing Document

**Accession Number:** 0001416856
**File Stem:** 0001416856-25-000002
**Filing Date:** 2025-6
**Character Count:** 23103
**Document Hash:** 551a13e8c0a17e36175d59fd85923883
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001416856-25-000002.hdr.sgml**: 20250605

**ACCESSION NUMBER**: 0001416856-25-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250605

**DATE AS OF CHANGE**: 20250605

**EFFECTIVENESS DATE**: 20250605

**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:** 251027844

**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:** 03-31-2025

**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 and CEO<br>**Phone:** 713-464-2283

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

Richard J Fruth  Houston, TX  04-30-2025<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:** 219

**Form 13F Information Table Value Total:** $360176

      (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 |  | 17802 | 18022 | SH |  | SOLE |  | 17802 | 0 | 0 |
| LINDE PLC COM | COM | G5494J103 |  | 12815 | 27522 | SH |  | SOLE |  | 12815 | 0 | 0 |
| MASTERCARD INC | COM | 57636Q104 |  | 11497 | 20976 | SH |  | SOLE |  | 11497 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 10173 | 85538 | SH |  | SOLE |  | 10173 | 0 | 0 |
| TRACTOR SUPPLY COMPANY | COM | 892356106 |  | 8962 | 162650 | SH |  | SOLE |  | 8962 | 0 | 0 |
| AUTO DATA PROCESSING | COM | 053015103 |  | 7970 | 26086 | SH |  | SOLE |  | 7970 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 7614 | 20285 | SH |  | SOLE |  | 7614 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 7562 | 77094 | SH |  | SOLE |  | 7562 | 0 | 0 |
| CHEVRONTEXACO CORP | COM | 166764100 |  | 7522 | 44966 | SH |  | SOLE |  | 7522 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 7364 | 33156 | SH |  | SOLE |  | 7364 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 6913 | 20520 | SH |  | SOLE |  | 6913 | 0 | 0 |
| AIR PRODUCTS  CHEMICALS | COM | 009158106 |  | 6165 | 20906 | SH |  | SOLE |  | 6165 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 6101 | 13000 | SH |  | SOLE |  | 6101 | 0 | 0 |
| HERSHEY FOODS CORP | COM | 427866108 |  | 5459 | 31924 | SH |  | SOLE |  | 5459 | 0 | 0 |
| AGILENT TECHNOLOGIES | COM | 00846U101 |  | 4860 | 41551 | SH |  | SOLE |  | 4860 | 0 | 0 |
| CASEYS GENERAL STORES INC | COM | 147528103 |  | 4788 | 11032 | SH |  | SOLE |  | 4788 | 0 | 0 |
| COSTCO WHOLSALE CORP NEW | COM | 22160K105 |  | 4782 | 5057 | SH |  | SOLE |  | 4782 | 0 | 0 |
| APPLIED INDL. TECH. | COM | 03820C105 |  | 4771 | 21175 | SH |  | SOLE |  | 4771 | 0 | 0 |
| EATON CORPORATION | COM | 278058102 |  | 4374 | 16092 | SH |  | SOLE |  | 4374 | 0 | 0 |
| EMERSON ELECTRIC | COM | 291011104 |  | 4298 | 39210 | SH |  | SOLE |  | 4298 | 0 | 0 |
| PEPSICO INCORPORATED | COM | 713448108 |  | 4242 | 28295 | SH |  | SOLE |  | 4242 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4177 | 25192 | SH |  | SOLE |  | 4177 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 4017 | 30286 | SH |  | SOLE |  | 4017 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 3841 | 6320 | SH |  | SOLE |  | 3841 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 |  | 3689 | 15616 | SH |  | SOLE |  | 3689 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 3606 | 17549 | SH |  | SOLE |  | 3606 | 0 | 0 |
| MURPHY USA INC. | COM | 626755102 |  | 3549 | 7556 | SH |  | SOLE |  | 3549 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC COM | COM | 49338L103 |  | 3399 | 22700 | SH |  | SOLE |  | 3399 | 0 | 0 |
| DARDEN RESTURANTS INC | COM | 237194105 |  | 3355 | 16150 | SH |  | SOLE |  | 3355 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 3276 | 8941 | SH |  | SOLE |  | 3276 | 0 | 0 |
| MC CORMICK  CO NEW VT | COM | 579780206 |  | 3191 | 38775 | SH |  | SOLE |  | 3191 | 0 | 0 |
| AMERICAN EXPRESS CO. | COM | 025816109 |  | 3021 | 11230 | SH |  | SOLE |  | 3021 | 0 | 0 |
| SYSCO CORP. | COM | 871829107 |  | 3008 | 40086 | SH |  | SOLE |  | 3008 | 0 | 0 |
| MARATHON PETE CORP COM | COM | 56585A102 |  | 3006 | 20638 | SH |  | SOLE |  | 3006 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2955 | 28139 | SH |  | SOLE |  | 2955 | 0 | 0 |
| APPLIED MATERIALS INC | COM | 038222105 |  | 2877 | 19825 | SH |  | SOLE |  | 2877 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2859 | 20109 | SH |  | SOLE |  | 2859 | 0 | 0 |
| VIKING HOLDINGS INC. | COM | G93A5A101 |  | 2802 | 70500 | SH |  | SOLE |  | 2802 | 0 | 0 |
| STERIS PLC | COM | 859152100 |  | 2657 | 11725 | SH |  | SOLE |  | 2657 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2604 | 7898 | SH |  | SOLE |  | 2604 | 0 | 0 |
| TEXAS INSTRUMENTS INC | COM | 882508104 |  | 2456 | 13669 | SH |  | SOLE |  | 2456 | 0 | 0 |
| MIDDLEBY CORP THE | COM | 596278101 |  | 2455 | 16160 | SH |  | SOLE |  | 2455 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2431 | 12055 | SH |  | SOLE |  | 2431 | 0 | 0 |
| CHESAPEAKE UTIL CORP | COM | 165303108 |  | 2362 | 18399 | SH |  | SOLE |  | 2362 | 0 | 0 |
| GORMAN-RUPP CO COM | COM | 383082104 |  | 2335 | 66548 | SH |  | SOLE |  | 2335 | 0 | 0 |
| COCA-COLA COMPANY | COM | 191216100 |  | 2291 | 31989 | SH |  | SOLE |  | 2291 | 0 | 0 |
| DISNEY WALT HOLDING CO | COM | 254687106 |  | 2266 | 22967 | SH |  | SOLE |  | 2266 | 0 | 0 |
| VALERO ENERGY | COM | 91913Y100 |  | 2212 | 16750 | SH |  | SOLE |  | 2212 | 0 | 0 |
| LOWES COMPANIES INC | COM | 548661107 |  | 2179 | 9345 | SH |  | SOLE |  | 2179 | 0 | 0 |
| HONEYWELL INC. | COM | 438516106 |  | 2132 | 10072 | SH |  | SOLE |  | 2132 | 0 | 0 |
| BUNGE | COM | H11356104 |  | 2072 | 27116 | SH |  | SOLE |  | 2072 | 0 | 0 |
| CHUBB CORPORATION | COM | 171232101 |  | 2017 | 6681 | SH |  | SOLE |  | 2017 | 0 | 0 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 2015 | 8508 | SH |  | SOLE |  | 2015 | 0 | 0 |
| ONEOK INC | COM | 682680103 |  | 1999 | 20152 | SH |  | SOLE |  | 1999 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 1861 | 5000 | SH |  | SOLE |  | 1861 | 0 | 0 |
| SMURFIT WESTROCK LTD | COM | G8267P108 |  | 1859 | 41278 | SH |  | SOLE |  | 1859 | 0 | 0 |
| SONOCO PRODUCTS INC | COM | 835495102 |  | 1855 | 39270 | SH |  | SOLE |  | 1855 | 0 | 0 |
| DOW CHEMICAL | COM | 260557103 |  | 1805 | 51706 | SH |  | SOLE |  | 1805 | 0 | 0 |
| OLIN CORP NEW | COM | 680665205 |  | 1796 | 74095 | SH |  | SOLE |  | 1796 | 0 | 0 |
| MINE SAFTEY APPLIANCE CO | COM | 553498106 |  | 1774 | 12100 | SH |  | SOLE |  | 1774 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 1762 | 62071 | SH |  | SOLE |  | 1762 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1762 | 19637 | SH |  | SOLE |  | 1762 | 0 | 0 |
| FRANKLIN ELEC CO INC | COM | 353514102 |  | 1671 | 17800 | SH |  | SOLE |  | 1671 | 0 | 0 |
| TIMKEN COMPANY | COM | 887389104 |  | 1655 | 23034 | SH |  | SOLE |  | 1655 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 1653 | 16367 | SH |  | SOLE |  | 1653 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 1652 | 26255 | SH |  | SOLE |  | 1652 | 0 | 0 |
| INTL FLAVOR  FRAGRANCES | COM | 459506101 |  | 1592 | 20521 | SH |  | SOLE |  | 1592 | 0 | 0 |
| BROWN FORMAN CORP CL B | COM | 115637209 |  | 1563 | 46068 | SH |  | SOLE |  | 1563 | 0 | 0 |
| GENERAL MILLS INC | COM | 370334104 |  | 1547 | 25880 | SH |  | SOLE |  | 1547 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 1540 | 12473 | SH |  | SOLE |  | 1540 | 0 | 0 |
| NEWMONT GOLDCORP | COM | 651639106 |  | 1494 | 30949 | SH |  | SOLE |  | 1494 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 1487 | 9626 | SH |  | SOLE |  | 1487 | 0 | 0 |
| ADVANSIX INC COM | COM | 00773T101 |  | 1479 | 65310 | SH |  | SOLE |  | 1479 | 0 | 0 |
| INGERSOLL-RAND COMPANY | COM | G47791101 |  | 1478 | 18475 | SH |  | SOLE |  | 1478 | 0 | 0 |
| AVNET INC | COM | 053807103 |  | 1475 | 30680 | SH |  | SOLE |  | 1475 | 0 | 0 |
| SCHLUMBERGER LTD       F | COM | 806857108 |  | 1462 | 34995 | SH |  | SOLE |  | 1462 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1461 | 18207 | SH |  | SOLE |  | 1461 | 0 | 0 |
| ALBANY INT'L CORP. | COM | 012348108 |  | 1398 | 20250 | SH |  | SOLE |  | 1398 | 0 | 0 |
| DOVER CORPORATION | COM | 260003108 |  | 1392 | 7925 | SH |  | SOLE |  | 1392 | 0 | 0 |
| DU PONT E I DE NEMOUR | COM | 263534109 |  | 1364 | 18269 | SH |  | SOLE |  | 1364 | 0 | 0 |
| US STEEL CORP. | COM | 912909108 |  | 1279 | 30275 | SH |  | SOLE |  | 1279 | 0 | 0 |
| MARKEL CORP. | COM | 570535104 |  | 1278 | 684 | SH |  | SOLE |  | 1278 | 0 | 0 |
| ENBRIDGE INC. | COM | 29250N105 |  | 1171 | 26439 | SH |  | SOLE |  | 1171 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1152 | 3300 | SH |  | SOLE |  | 1152 | 0 | 0 |
| PENSKE AUTOMOTIVE GROUP | COM | 70959W103 |  | 1151 | 8000 | SH |  | SOLE |  | 1151 | 0 | 0 |
| HESS CORPORATION | COM | 42809H107 |  | 1134 | 7100 | SH |  | SOLE |  | 1134 | 0 | 0 |
| THE CHARLES SCHWAB CORP | COM | 808513105 |  | 1131 | 14456 | SH |  | SOLE |  | 1131 | 0 | 0 |
| FIDELITY NATL INFO SVCS | COM | 31620M106 |  | 1127 | 15098 | SH |  | SOLE |  | 1127 | 0 | 0 |
| CANADIAN PAC LTD NEW | COM | 13645T100 |  | 1105 | 15742 | SH |  | SOLE |  | 1105 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 1075 | 8600 | SH |  | SOLE |  | 1075 | 0 | 0 |
| ALAMOS GOLD INC. | COM | 011532108 |  | 1069 | 40000 | SH |  | SOLE |  | 1069 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE | COM | 45866F104 |  | 1035 | 6000 | SH |  | SOLE |  | 1035 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 983 | 16130 | SH |  | SOLE |  | 983 | 0 | 0 |
| RTX CORP. | COM | 75513E101 |  | 969 | 7320 | SH |  | SOLE |  | 969 | 0 | 0 |
| BANK OF NEW YORK CO INC | COM | 064058100 |  | 964 | 11500 | SH |  | SOLE |  | 964 | 0 | 0 |
| FRANCO NEVADA CORP. | COM | 351858105 |  | 953 | 6050 | SH |  | SOLE |  | 953 | 0 | 0 |
| CORNING INC. | COM | 219350105 |  | 947 | 20700 | SH |  | SOLE |  | 947 | 0 | 0 |
| ALLEGION PUBLIC LTD. CO. | COM | G0176J109 |  | 934 | 7161 | SH |  | SOLE |  | 934 | 0 | 0 |
| 3M COMPANY | COM | 88579Y101 |  | 894 | 6090 | SH |  | SOLE |  | 894 | 0 | 0 |
| COTERRA ENERGY INC. | COM | 127097103 |  | 890 | 30814 | SH |  | SOLE |  | 890 | 0 | 0 |
| NORTHERN TRUST CORP | COM | 665859104 |  | 887 | 9000 | SH |  | SOLE |  | 887 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 859 | 29200 | SH |  | SOLE |  | 859 | 0 | 0 |
| KINDER MORGAN INC | COM | 49456B101 |  | 828 | 29037 | SH |  | SOLE |  | 828 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 800 | 17400 | SH |  | SOLE |  | 800 | 0 | 0 |
| OLD REPUBLIC INTL CORP | COM | 680223104 |  | 798 | 20358 | SH |  | SOLE |  | 798 | 0 | 0 |
| MATSON INC COM | COM | 57686G105 |  | 794 | 6200 | SH |  | SOLE |  | 794 | 0 | 0 |
| TRANSDIGM GROUP INC. | COM | 893641100 |  | 788 | 570 | SH |  | SOLE |  | 788 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 782 | 8032 | SH |  | SOLE |  | 782 | 0 | 0 |
| SPIRE | COM | 84857L101 |  | 759 | 9700 | SH |  | SOLE |  | 759 | 0 | 0 |
| NUTRIEN LTD CO COM | COM | 67077M108 |  | 758 | 15280 | SH |  | SOLE |  | 758 | 0 | 0 |
| ALLEGHENY TECH INC | COM | 01741R102 |  | 757 | 14550 | SH |  | SOLE |  | 757 | 0 | 0 |
| AGNICO-EAGLE MINES LTD | COM | 008474108 |  | 756 | 6975 | SH |  | SOLE |  | 756 | 0 | 0 |
| LAUDER ESTEE CORP CL A | COM | 518439104 |  | 750 | 11377 | SH |  | SOLE |  | 750 | 0 | 0 |
| COMERICA INC. | COM | 200340107 |  | 737 | 12490 | SH |  | SOLE |  | 737 | 0 | 0 |
| METALLUS (MTUS/TMST) | COM | 887399103 |  | 718 | 53750 | SH |  | SOLE |  | 718 | 0 | 0 |
| O-I GLASS INC. | COM | 690768403 |  | 716 | 62500 | SH |  | SOLE |  | 716 | 0 | 0 |
| VERIZON COMM | COM | 92343V104 |  | 711 | 15689 | SH |  | SOLE |  | 711 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 707 | 27923 | SH |  | SOLE |  | 707 | 0 | 0 |
| SHELL PLC. | COM | 780259305 |  | 699 | 9543 | SH |  | SOLE |  | 699 | 0 | 0 |
| INGEVITY CORP COM | COM | 45688C107 |  | 689 | 17418 | SH |  | SOLE |  | 689 | 0 | 0 |
| GENUINE PARTS CO COM | COM | 372460105 |  | 674 | 5660 | SH |  | SOLE |  | 674 | 0 | 0 |
| ANGLOGOLD LTD | COM | 035128206 |  | 653 | 17600 | SH |  | SOLE |  | 653 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 640 | 31100 | SH |  | SOLE |  | 640 | 0 | 0 |
| NETAPP INC. | COM | 64110D104 |  | 628 | 7150 | SH |  | SOLE |  | 628 | 0 | 0 |
| DUKE ENERGY CORPORATION | COM | 26441C105 |  | 628 | 5149 | SH |  | SOLE |  | 628 | 0 | 0 |
| GOODYEAR TIRE  RUBBER | COM | 382550101 |  | 613 | 66400 | SH |  | SOLE |  | 613 | 0 | 0 |
| IMPERIAL OIL LTD | COM | 453038408 |  | 607 | 8400 | SH |  | SOLE |  | 607 | 0 | 0 |
| EASTMAN CHEMICAL | COM | 277432100 |  | 572 | 6500 | SH |  | SOLE |  | 572 | 0 | 0 |
| INTL BUSINESS MACHINES | COM | 459200101 |  | 558 | 2247 | SH |  | SOLE |  | 558 | 0 | 0 |
| DIAMONDBACK ENERGY | COM | 25278X109 |  | 552 | 3457 | SH |  | SOLE |  | 552 | 0 | 0 |
| CELANESE CORP. | COM | 150870103 |  | 543 | 9565 | SH |  | SOLE |  | 543 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 542 | 1740 | SH |  | SOLE |  | 542 | 0 | 0 |
| ORGANON  CO. | COM | 68622V106 |  | 541 | 36400 | SH |  | SOLE |  | 541 | 0 | 0 |
| AMERICAN STATES WATER CO | COM | 029899101 |  | 535 | 6800 | SH |  | SOLE |  | 535 | 0 | 0 |
| CLEVELAND-CLIFFS INC. | COM | 185899101 |  | 524 | 63825 | SH |  | SOLE |  | 524 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 517 | 19150 | SH |  | SOLE |  | 517 | 0 | 0 |
| ASTRAZENECA PLC ADR | COM | 046353108 |  | 514 | 6998 | SH |  | SOLE |  | 514 | 0 | 0 |
| KINROSS GOLD CORP NEW | COM | 496902404 |  | 511 | 40600 | SH |  | SOLE |  | 511 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 507 | 7500 | SH |  | SOLE |  | 507 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 493 | 10003 | SH |  | SOLE |  | 493 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 470 | 6640 | SH |  | SOLE |  | 470 | 0 | 0 |
| MUELLER WATER PRODUCTS | COM | 624758108 |  | 470 | 18500 | SH |  | SOLE |  | 470 | 0 | 0 |
| BRIGHTHOUSE FINL INC COM | COM | 10922N103 |  | 463 | 8000 | SH |  | SOLE |  | 463 | 0 | 0 |
| CARRIER GLOBAL CORP. | COM | 14448C104 |  | 461 | 7281 | SH |  | SOLE |  | 461 | 0 | 0 |
| VALVOLINE INC. | COM | 92047W101 |  | 434 | 12480 | SH |  | SOLE |  | 434 | 0 | 0 |
| O REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 429 | 300 | SH |  | SOLE |  | 429 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 424 | 5918 | SH |  | SOLE |  | 424 | 0 | 0 |
| SCHWAB US TIPS ETF | COM | 808524870 |  | 403 | 15000 | SH |  | SOLE |  | 403 | 0 | 0 |
| CHURCHILL DOWNS INC KY | COM | 171484108 |  | 399 | 3600 | SH |  | SOLE |  | 399 | 0 | 0 |
| TEX PAC LAND SUB CTF | COM | 88262P102 |  | 397 | 300 | SH |  | SOLE |  | 397 | 0 | 0 |
| BP PLC | COM | 055622104 |  | 394 | 11664 | SH |  | SOLE |  | 394 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 380 | 2000 | SH |  | SOLE |  | 380 | 0 | 0 |
| AMER ELECTRIC PWR CO INC | COM | 025537101 |  | 380 | 3480 | SH |  | SOLE |  | 380 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 378 | 2451 | SH |  | SOLE |  | 378 | 0 | 0 |
| RALPH LAUREN CORP. | COM | 751212101 |  | 375 | 1700 | SH |  | SOLE |  | 375 | 0 | 0 |
| OVINTIV INC. | COM | 69047Q102 |  | 372 | 8700 | SH |  | SOLE |  | 372 | 0 | 0 |
| DNOW INC COM | COM | 67011P100 |  | 372 | 21800 | SH |  | SOLE |  | 372 | 0 | 0 |
| MACYS INC. | COM | 55616P104 |  | 366 | 29150 | SH |  | SOLE |  | 366 | 0 | 0 |
| BARRICK GOLD | COM | 067901108 |  | 365 | 18800 | SH |  | SOLE |  | 365 | 0 | 0 |
| VIATRIS INC. | COM | 92556V106 |  | 353 | 40530 | SH |  | SOLE |  | 353 | 0 | 0 |
| OTIS WORLDWIDE CORP. | COM | 68902V107 |  | 351 | 3403 | SH |  | SOLE |  | 351 | 0 | 0 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 350 | 13400 | SH |  | SOLE |  | 350 | 0 | 0 |
| STANLEY BLACK  DECKER INC. | COM | 854502101 |  | 342 | 4450 | SH |  | SOLE |  | 342 | 0 | 0 |
| FLUOR CORPORATION | COM | 343412102 |  | 338 | 9450 | SH |  | SOLE |  | 338 | 0 | 0 |
| DOMINION RESOURCES INC. | COM | 25746U109 |  | 337 | 6025 | SH |  | SOLE |  | 337 | 0 | 0 |
| ZOETIS INC. | COM | 98978V103 |  | 329 | 2000 | SH |  | SOLE |  | 329 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 327 | 6145 | SH |  | SOLE |  | 327 | 0 | 0 |
| CULLEN FROST BANKERS | COM | 229899109 |  | 325 | 2600 | SH |  | SOLE |  | 325 | 0 | 0 |
| ARTESIAN RES CORP CLA | COM | 043113208 |  | 318 | 9750 | SH |  | SOLE |  | 318 | 0 | 0 |
| ONE GAS INC COM | COM | 68235P108 |  | 314 | 4158 | SH |  | SOLE |  | 314 | 0 | 0 |
| REGIONS FINANCIAL CP NEW | COM | 7591EP100 |  | 308 | 14185 | SH |  | SOLE |  | 308 | 0 | 0 |
| PREFORMED LINE PRODS INC | COM | 740444104 |  | 308 | 2200 | SH |  | SOLE |  | 308 | 0 | 0 |
| BAKER HUGHES CO. | COM | 05722G100 |  | 307 | 7000 | SH |  | SOLE |  | 307 | 0 | 0 |
| TRANSOCEAN SEDCO FOREX | COM | H8817H100 |  | 288 | 91065 | SH |  | SOLE |  | 288 | 0 | 0 |
| RGC RESOURCES INC | COM | 74955L103 |  | 288 | 13800 | SH |  | SOLE |  | 288 | 0 | 0 |
| VISA INC CL A | COM | 92826C839 |  | 279 | 798 | SH |  | SOLE |  | 279 | 0 | 0 |
| KNOWLES CORP COM | COM | 49926D109 |  | 277 | 18225 | SH |  | SOLE |  | 277 | 0 | 0 |
| ZIONS BANCORPORATION COM | COM | 989701107 |  | 271 | 5450 | SH |  | SOLE |  | 271 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 271 | 16966 | SH |  | SOLE |  | 271 | 0 | 0 |
| CME GROUP INC COM | COM | 12572Q105 |  | 265 | 1000 | SH |  | SOLE |  | 265 | 0 | 0 |
| WHEATON PRECIOUS MET. | COM | 962879102 |  | 260 | 3350 | SH |  | SOLE |  | 260 | 0 | 0 |
| EXPEDITORS INTL WASH | COM | 302130109 |  | 258 | 2150 | SH |  | SOLE |  | 258 | 0 | 0 |
| HF SINCLAIR CORP. | COM | 403949100 |  | 256 | 7800 | SH |  | SOLE |  | 256 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 255 | 17026 | SH |  | SOLE |  | 255 | 0 | 0 |
| PERMIAN BASIN ROYALTY TR | COM | 714236106 |  | 250 | 25400 | SH |  | SOLE |  | 250 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 246 | 6293 | SH |  | SOLE |  | 246 | 0 | 0 |
| CALERES INC. | COM | 129500104 |  | 242 | 14100 | SH |  | SOLE |  | 242 | 0 | 0 |
| PARK NATIONAL CORP | COM | 700658107 |  | 242 | 1600 | SH |  | SOLE |  | 242 | 0 | 0 |
| INTEL | COM | 458140100 |  | 237 | 10478 | SH |  | SOLE |  | 237 | 0 | 0 |
| GILEAD SCIENCE SVCS | COM | 375558103 |  | 237 | 2118 | SH |  | SOLE |  | 237 | 0 | 0 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 234 | 2500 | SH |  | SOLE |  | 234 | 0 | 0 |
| PNC BANK CORP | COM | 693475105 |  | 232 | 1320 | SH |  | SOLE |  | 232 | 0 | 0 |
| NASDAQ STOCK MARKET INC | COM | 631103108 |  | 227 | 3000 | SH |  | SOLE |  | 227 | 0 | 0 |
| CBOE HOLDINGS INC COMMON | COM | 12503M108 |  | 226 | 1000 | SH |  | SOLE |  | 226 | 0 | 0 |
| ASA GOLD  PRECS MTLS | COM | G3156P103 |  | 226 | 7500 | SH |  | SOLE |  | 226 | 0 | 0 |
| GLOBAL PAYMENTS INC. | COM | 37940X102 |  | 225 | 2300 | SH |  | SOLE |  | 225 | 0 | 0 |
| ILLINOIS TOOL WORKS | COM | 452308109 |  | 223 | 900 | SH |  | SOLE |  | 223 | 0 | 0 |
| HALLIBURTON COMPANY | COM | 406216101 |  | 222 | 8770 | SH |  | SOLE |  | 222 | 0 | 0 |
| CALAVO GROWERS INC | COM | 128246105 |  | 220 | 9200 | SH |  | SOLE |  | 220 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 220 | 2670 | SH |  | SOLE |  | 220 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 213 | 1200 | SH |  | SOLE |  | 213 | 0 | 0 |
| FORD MOTOR COMPANY | COM | 345370860 |  | 209 | 20850 | SH |  | SOLE |  | 209 | 0 | 0 |
| EBAY INC | COM | 278642103 |  | 208 | 3081 | SH |  | SOLE |  | 208 | 0 | 0 |
| PAN AMERICAN SILVER | COM | 697900108 |  | 206 | 8000 | SH |  | SOLE |  | 206 | 0 | 0 |
| 21ST CENT FOX Cl A | COM | 90130A101 |  | 200 | 3544 | SH |  | SOLE |  | 200 | 0 | 0 |
| CHEMOURS COMPANY | COM | 163851108 |  | 160 | 11868 | SH |  | SOLE |  | 160 | 0 | 0 |
| NO EUROPEAN OIL TR | COM | 659310106 |  | 154 | 32700 | SH |  | SOLE |  | 154 | 0 | 0 |
| MATIV HLDGS. INC. | COM | 808541106 |  | 148 | 23778 | SH |  | SOLE |  | 148 | 0 | 0 |
| DNP SELECT INCOME FUND | COM | 23325P104 |  | 144 | 14655 | SH |  | SOLE |  | 144 | 0 | 0 |
| NUVEEN QUALITY MUNICIPAL | COM | 67066V101 |  | 120 | 10431 | SH |  | SOLE |  | 120 | 0 | 0 |
| DENNYS CORP | COM | 24869P104 |  | 97 | 26500 | SH |  | SOLE |  | 97 | 0 | 0 |
| SOLITARIO EXPLORATION | COM | 8342EP107 |  | 90 | 150000 | SH |  | SOLE |  | 90 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 89 | 12500 | SH |  | SOLE |  | 89 | 0 | 0 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 61 | 27000 | SH |  | SOLE |  | 61 | 0 | 0 |
| XEROX CORP | COM | 984121103 |  | 60 | 12483 | SH |  | SOLE |  | 60 | 0 | 0 |
| ACCO BRANDS CORP COM | COM | 00081T108 |  | 56 | 13500 | SH |  | SOLE |  | 56 | 0 | 0 |
| ORION MARINE GROUP | COM | 68628V308 |  | 54 | 10500 | SH |  | SOLE |  | 54 | 0 | 0 |
| DULUTH HOLDINGS INC | COM | 26443V101 |  | 23 | 13700 | SH |  | SOLE |  | 23 | 0 | 0 |

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