# EDGAR Filing Document

**Accession Number:** 0001416856
**File Stem:** 0001416856-26-000002
**Filing Date:** 2026-4
**Character Count:** 24105
**Document Hash:** a58252c747fc2a113cfa3df94ceab8ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001416856-26-000002.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001416856-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**EFFECTIVENESS DATE**: 20260421

**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:** 26879700

**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:** 03-31-2026

**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  04-21-2026<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:** 229

**Form 13F Information Table Value Total:** $401257

      (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 |  | 18073 | 16569 | SH |  | SOLE |  | 18073 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 13645 | 80430 | SH |  | SOLE |  | 13645 | 0 | 0 |
| LINDE PLC COM | COM | G5494J103 |  | 12984 | 26192 | SH |  | SOLE |  | 12984 | 0 | 0 |
| CHEVRONTEXACO CORP | COM | 166764100 |  | 10942 | 52886 | SH |  | SOLE |  | 10942 | 0 | 0 |
| MASTERCARD INC | COM | 57636Q104 |  | 10445 | 20906 | SH |  | SOLE |  | 10445 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 7632 | 18315 | SH |  | SOLE |  | 7632 | 0 | 0 |
| CASEYS GENERAL STORES INC | COM | 147528103 |  | 7456 | 10244 | SH |  | SOLE |  | 7456 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 6886 | 12225 | SH |  | SOLE |  | 6886 | 0 | 0 |
| TRACTOR SUPPLY COMPANY | COM | 892356106 |  | 6801 | 150150 | SH |  | SOLE |  | 6801 | 0 | 0 |
| APPLIED MATERIALS INC | COM | 038222105 |  | 6263 | 18325 | SH |  | SOLE |  | 6263 | 0 | 0 |
| HERSHEY FOODS CORP | COM | 427866108 |  | 6254 | 30084 | SH |  | SOLE |  | 6254 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC COM | COM | 49338L103 |  | 6142 | 21755 | SH |  | SOLE |  | 6142 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 6014 | 67136 | SH |  | SOLE |  | 6014 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 5955 | 23466 | SH |  | SOLE |  | 5955 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5898 | 24132 | SH |  | SOLE |  | 5898 | 0 | 0 |
| EATON CORPORATION | COM | 278058102 |  | 5498 | 15372 | SH |  | SOLE |  | 5498 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5475 | 14792 | SH |  | SOLE |  | 5475 | 0 | 0 |
| AIR PRODUCTS  CHEMICALS | COM | 009158106 |  | 5364 | 18468 | SH |  | SOLE |  | 5364 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 5322 | 5945 | SH |  | SOLE |  | 5322 | 0 | 0 |
| APPLIED INDL. TECH. | COM | 03820C105 |  | 5278 | 19894 | SH |  | SOLE |  | 5278 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 5122 | 7230 | SH |  | SOLE |  | 5122 | 0 | 0 |
| AUTO DATA PROCESSING | COM | 053015103 |  | 5057 | 24891 | SH |  | SOLE |  | 5057 | 0 | 0 |
| COSTCO WHOLSALE CORP NEW | COM | 22160K105 |  | 5007 | 5025 | SH |  | SOLE |  | 5007 | 0 | 0 |
| VIKING HOLDINGS INC. | COM | G93A5A101 |  | 4775 | 64984 | SH |  | SOLE |  | 4775 | 0 | 0 |
| MARATHON PETE CORP COM | COM | 56585A102 |  | 4746 | 19438 | SH |  | SOLE |  | 4746 | 0 | 0 |
| EMERSON ELECTRIC | COM | 291011104 |  | 4642 | 35434 | SH |  | SOLE |  | 4642 | 0 | 0 |
| AGILENT TECHNOLOGIES | COM | 00846U101 |  | 4461 | 39142 | SH |  | SOLE |  | 4461 | 0 | 0 |
| PEPSICO INCORPORATED | COM | 713448108 |  | 4210 | 27116 | SH |  | SOLE |  | 4210 | 0 | 0 |
| GORMAN-RUPP CO COM | COM | 383082104 |  | 3874 | 62356 | SH |  | SOLE |  | 3874 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 |  | 3781 | 15586 | SH |  | SOLE |  | 3781 | 0 | 0 |
| VALERO ENERGY | COM | 91913Y100 |  | 3767 | 15250 | SH |  | SOLE |  | 3767 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 3649 | 11470 | SH |  | SOLE |  | 3649 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 3642 | 27596 | SH |  | SOLE |  | 3642 | 0 | 0 |
| MURPHY USA INC. | COM | 626755102 |  | 3564 | 7216 | SH |  | SOLE |  | 3564 | 0 | 0 |
| NEWMONT GOLDCORP | COM | 651639106 |  | 3454 | 31909 | SH |  | SOLE |  | 3454 | 0 | 0 |
| BUNGE | COM | H11356104 |  | 3363 | 26441 | SH |  | SOLE |  | 3363 | 0 | 0 |
| AMERICAN EXPRESS CO. | COM | 025816109 |  | 3287 | 10870 | SH |  | SOLE |  | 3287 | 0 | 0 |
| DARDEN RESTURANTS INC | COM | 237194105 |  | 3058 | 15600 | SH |  | SOLE |  | 3058 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 3008 | 29307 | SH |  | SOLE |  | 3008 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2917 | 17249 | SH |  | SOLE |  | 2917 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2874 | 8741 | SH |  | SOLE |  | 2874 | 0 | 0 |
| SYSCO CORP. | COM | 871829107 |  | 2699 | 37844 | SH |  | SOLE |  | 2699 | 0 | 0 |
| SCHLUMBERGER LTD       F | COM | 806857108 |  | 2636 | 51310 | SH |  | SOLE |  | 2636 | 0 | 0 |
| CORNING INC. | COM | 219350105 |  | 2617 | 19250 | SH |  | SOLE |  | 2617 | 0 | 0 |
| STERIS PLC | COM | 859152100 |  | 2495 | 11285 | SH |  | SOLE |  | 2495 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 2488 | 60321 | SH |  | SOLE |  | 2488 | 0 | 0 |
| TEXAS INSTRUMENTS INC | COM | 882508104 |  | 2326 | 11985 | SH |  | SOLE |  | 2326 | 0 | 0 |
| CHESAPEAKE UTIL CORP | COM | 165303108 |  | 2252 | 17824 | SH |  | SOLE |  | 2252 | 0 | 0 |
| TIMKEN COMPANY | COM | 887389104 |  | 2231 | 22184 | SH |  | SOLE |  | 2231 | 0 | 0 |
| HONEYWELL INC. | COM | 438516106 |  | 2208 | 9772 | SH |  | SOLE |  | 2208 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 2176 | 18090 | SH |  | SOLE |  | 2176 | 0 | 0 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 2157 | 7518 | SH |  | SOLE |  | 2157 | 0 | 0 |
| COCA-COLA COMPANY | COM | 191216100 |  | 2123 | 27925 | SH |  | SOLE |  | 2123 | 0 | 0 |
| LOWES COMPANIES INC | COM | 548661107 |  | 2114 | 8950 | SH |  | SOLE |  | 2114 | 0 | 0 |
| CHUBB CORPORATION | COM | 171232101 |  | 2113 | 6486 | SH |  | SOLE |  | 2113 | 0 | 0 |
| DISNEY WALT HOLDING CO | COM | 254687106 |  | 2085 | 21638 | SH |  | SOLE |  | 2085 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 2081 | 24860 | SH |  | SOLE |  | 2081 | 0 | 0 |
| OLIN CORP NEW | COM | 680665205 |  | 2076 | 69862 | SH |  | SOLE |  | 2076 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 2049 | 11248 | SH |  | SOLE |  | 2049 | 0 | 0 |
| SONOCO PRODUCTS INC | COM | 835495102 |  | 2047 | 37850 | SH |  | SOLE |  | 2047 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 2035 | 15317 | SH |  | SOLE |  | 2035 | 0 | 0 |
| DOW CHEMICAL | COM | 260557103 |  | 2032 | 48806 | SH |  | SOLE |  | 2032 | 0 | 0 |
| MINE SAFTEY APPLIANCE CO | COM | 553498106 |  | 1956 | 11935 | SH |  | SOLE |  | 1956 | 0 | 0 |
| MIDDLEBY CORP THE | COM | 596278101 |  | 1933 | 14585 | SH |  | SOLE |  | 1933 | 0 | 0 |
| MC CORMICK  CO NEW VT | COM | 579780206 |  | 1862 | 36925 | SH |  | SOLE |  | 1862 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1838 | 19059 | SH |  | SOLE |  | 1838 | 0 | 0 |
| ONEOK INC | COM | 682680103 |  | 1809 | 20015 | SH |  | SOLE |  | 1809 | 0 | 0 |
| ALAMOS GOLD INC. | COM | 011532108 |  | 1777 | 40000 | SH |  | SOLE |  | 1777 | 0 | 0 |
| AVNET INC | COM | 053807103 |  | 1762 | 28600 | SH |  | SOLE |  | 1762 | 0 | 0 |
| ALLEGHENY TECH INC | COM | 01741R102 |  | 1752 | 12050 | SH |  | SOLE |  | 1752 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 1686 | 9131 | SH |  | SOLE |  | 1686 | 0 | 0 |
| ANGLOGOLD LTD | COM | 035128206 |  | 1630 | 16750 | SH |  | SOLE |  | 1630 | 0 | 0 |
| DOVER CORPORATION | COM | 260003108 |  | 1610 | 7725 | SH |  | SOLE |  | 1610 | 0 | 0 |
| FRANKLIN ELEC CO INC | COM | 353514102 |  | 1548 | 16800 | SH |  | SOLE |  | 1548 | 0 | 0 |
| FRANCO NEVADA CORP. | COM | 351858105 |  | 1531 | 6200 | SH |  | SOLE |  | 1531 | 0 | 0 |
| AGNICO-EAGLE MINES LTD | COM | 008474108 |  | 1517 | 7475 | SH |  | SOLE |  | 1517 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 1512 | 8400 | SH |  | SOLE |  | 1512 | 0 | 0 |
| ADVANSIX INC COM | COM | 00773T101 |  | 1504 | 61676 | SH |  | SOLE |  | 1504 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 1495 | 4550 | SH |  | SOLE |  | 1495 | 0 | 0 |
| SMURFIT WESTROCK LTD | COM | G8267P108 |  | 1475 | 37037 | SH |  | SOLE |  | 1475 | 0 | 0 |
| INGERSOLL-RAND COMPANY | COM | G47791101 |  | 1420 | 17734 | SH |  | SOLE |  | 1420 | 0 | 0 |
| INTL FLAVOR  FRAGRANCES | COM | 459506101 |  | 1399 | 19287 | SH |  | SOLE |  | 1399 | 0 | 0 |
| RTX CORP. | COM | 75513E101 |  | 1382 | 7167 | SH |  | SOLE |  | 1382 | 0 | 0 |
| ENBRIDGE INC. | COM | 29250N105 |  | 1371 | 25325 | SH |  | SOLE |  | 1371 | 0 | 0 |
| CONAGRA INCORPORATED | COM | 205887102 |  | 1369 | 87100 | SH |  | SOLE |  | 1369 | 0 | 0 |
| KINROSS GOLD CORP NEW | COM | 496902404 |  | 1361 | 44600 | SH |  | SOLE |  | 1361 | 0 | 0 |
| THE CHARLES SCHWAB CORP | COM | 808513105 |  | 1338 | 14245 | SH |  | SOLE |  | 1338 | 0 | 0 |
| BANK OF NEW YORK CO INC | COM | 064058100 |  | 1334 | 11250 | SH |  | SOLE |  | 1334 | 0 | 0 |
| MARKEL CORP. | COM | 570535104 |  | 1303 | 681 | SH |  | SOLE |  | 1303 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 1264 | 27210 | SH |  | SOLE |  | 1264 | 0 | 0 |
| INGEVITY CORP COM | COM | 45688C107 |  | 1193 | 16757 | SH |  | SOLE |  | 1193 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1192 | 16856 | SH |  | SOLE |  | 1192 | 0 | 0 |
| NORTHERN TRUST CORP | COM | 665859104 |  | 1189 | 8520 | SH |  | SOLE |  | 1189 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 1186 | 28900 | SH |  | SOLE |  | 1186 | 0 | 0 |
| DNOW INC COM | COM | 67011P100 |  | 1176 | 98820 | SH |  | SOLE |  | 1176 | 0 | 0 |
| PENSKE AUTOMOTIVE GROUP | COM | 70959W103 |  | 1166 | 7800 | SH |  | SOLE |  | 1166 | 0 | 0 |
| BROWN FORMAN CORP CL B | COM | 115637209 |  | 1144 | 43284 | SH |  | SOLE |  | 1144 | 0 | 0 |
| CANADIAN PAC LTD NEW | COM | 13645T100 |  | 1139 | 14492 | SH |  | SOLE |  | 1139 | 0 | 0 |
| NUTRIEN LTD CO COM | COM | 67077M108 |  | 1139 | 15096 | SH |  | SOLE |  | 1139 | 0 | 0 |
| QNITY ELECTRONICS INC. | COM | 74743L100 |  | 1123 | 9741 | SH |  | SOLE |  | 1123 | 0 | 0 |
| IMPERIAL OIL LTD | COM | 453038408 |  | 1098 | 8400 | SH |  | SOLE |  | 1098 | 0 | 0 |
| COTERRA ENERGY INC. | COM | 127097103 |  | 1079 | 30714 | SH |  | SOLE |  | 1079 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 1068 | 17400 | SH |  | SOLE |  | 1068 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1057 | 3300 | SH |  | SOLE |  | 1057 | 0 | 0 |
| ALBANY INT'L CORP. | COM | 012348108 |  | 1036 | 19850 | SH |  | SOLE |  | 1036 | 0 | 0 |
| MATSON INC COM | COM | 57686G105 |  | 991 | 6050 | SH |  | SOLE |  | 991 | 0 | 0 |
| ALLEGION PUBLIC LTD. CO. | COM | G0176J109 |  | 985 | 6786 | SH |  | SOLE |  | 985 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 957 | 37530 | SH |  | SOLE |  | 957 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 950 | 15680 | SH |  | SOLE |  | 950 | 0 | 0 |
| GENERAL MILLS INC | COM | 370334104 |  | 943 | 25355 | SH |  | SOLE |  | 943 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE | COM | 45866F104 |  | 943 | 6000 | SH |  | SOLE |  | 943 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 914 | 7922 | SH |  | SOLE |  | 914 | 0 | 0 |
| 3M COMPANY | COM | 88579Y101 |  | 869 | 5990 | SH |  | SOLE |  | 869 | 0 | 0 |
| SPIRE | COM | 84857L101 |  | 855 | 9450 | SH |  | SOLE |  | 855 | 0 | 0 |
| METALLUS (MTUS/TMST) | COM | 887399103 |  | 850 | 52050 | SH |  | SOLE |  | 850 | 0 | 0 |
| KINDER MORGAN INC | COM | 49456B101 |  | 839 | 25037 | SH |  | SOLE |  | 839 | 0 | 0 |
| BARRICK MINING CORP | COM | 06849F108 |  | 821 | 20150 | SH |  | SOLE |  | 821 | 0 | 0 |
| SHELL PLC. | COM | 780259305 |  | 816 | 8776 | SH |  | SOLE |  | 816 | 0 | 0 |
| OLD REPUBLIC INTL CORP | COM | 680223104 |  | 812 | 20358 | SH |  | SOLE |  | 812 | 0 | 0 |
| DU PONT E I DE NEMOUR | COM | 263534109 |  | 794 | 17349 | SH |  | SOLE |  | 794 | 0 | 0 |
| LAUDER ESTEE CORP CL A | COM | 518439104 |  | 787 | 10972 | SH |  | SOLE |  | 787 | 0 | 0 |
| VERIZON COMM | COM | 92343V104 |  | 744 | 14839 | SH |  | SOLE |  | 744 | 0 | 0 |
| NETAPP INC. | COM | 64110D104 |  | 732 | 7150 | SH |  | SOLE |  | 732 | 0 | 0 |
| WHEATON PRECIOUS MET. | COM | 962879102 |  | 727 | 5550 | SH |  | SOLE |  | 727 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 699 | 28900 | SH |  | SOLE |  | 699 | 0 | 0 |
| ASTRAZENECA PLC ADR | COM | 046353108 |  | 690 | 3499 | SH |  | SOLE |  | 690 | 0 | 0 |
| FIDELITY NATL INFO SVCS | COM | 31620M106 |  | 687 | 14661 | SH |  | SOLE |  | 687 | 0 | 0 |
| DIAMONDBACK ENERGY | COM | 25278X109 |  | 684 | 3461 | SH |  | SOLE |  | 684 | 0 | 0 |
| TRANSOCEAN SEDCO FOREX | COM | H8817H100 |  | 681 | 102776 | SH |  | SOLE |  | 681 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 664 | 23650 | SH |  | SOLE |  | 664 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 650 | 10003 | SH |  | SOLE |  | 650 | 0 | 0 |
| O-I GLASS INC. | COM | 690768403 |  | 631 | 60117 | SH |  | SOLE |  | 631 | 0 | 0 |
| DUKE ENERGY CORPORATION | COM | 26441C105 |  | 622 | 4756 | SH |  | SOLE |  | 622 | 0 | 0 |
| TRANSDIGM GROUP INC. | COM | 893641100 |  | 620 | 535 | SH |  | SOLE |  | 620 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 612 | 1740 | SH |  | SOLE |  | 612 | 0 | 0 |
| CELANESE CORP. | COM | 150870103 |  | 599 | 9115 | SH |  | SOLE |  | 599 | 0 | 0 |
| PREFORMED LINE PRODS INC | COM | 740444104 |  | 595 | 2200 | SH |  | SOLE |  | 595 | 0 | 0 |
| RALPH LAUREN CORP. | COM | 751212101 |  | 584 | 1700 | SH |  | SOLE |  | 584 | 0 | 0 |
| GENUINE PARTS CO COM | COM | 372460105 |  | 561 | 5310 | SH |  | SOLE |  | 561 | 0 | 0 |
| PERMIAN BASIN ROYALTY TR | COM | 714236106 |  | 546 | 25400 | SH |  | SOLE |  | 546 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 542 | 7500 | SH |  | SOLE |  | 542 | 0 | 0 |
| BP PLC | COM | 055622104 |  | 541 | 11530 | SH |  | SOLE |  | 541 | 0 | 0 |
| VIATRIS INC. | COM | 92556V106 |  | 514 | 38110 | SH |  | SOLE |  | 514 | 0 | 0 |
| CLEVELAND-CLIFFS INC. | COM | 185899101 |  | 514 | 60925 | SH |  | SOLE |  | 514 | 0 | 0 |
| OVINTIV INC. | COM | 69047Q102 |  | 510 | 8594 | SH |  | SOLE |  | 510 | 0 | 0 |
| MACYS INC. | COM | 55616P104 |  | 496 | 27450 | SH |  | SOLE |  | 496 | 0 | 0 |
| MUELLER WATER PRODUCTS | COM | 624758108 |  | 487 | 17750 | SH |  | SOLE |  | 487 | 0 | 0 |
| AMERICAN STATES WATER CO | COM | 029899101 |  | 483 | 6400 | SH |  | SOLE |  | 483 | 0 | 0 |
| ASA GOLD  PRECS MTLS | COM | G3156P103 |  | 465 | 7500 | SH |  | SOLE |  | 465 | 0 | 0 |
| AMER ELECTRIC PWR CO INC | COM | 025537101 |  | 464 | 3540 | SH |  | SOLE |  | 464 | 0 | 0 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 461 | 12800 | SH |  | SOLE |  | 461 | 0 | 0 |
| KNOWLES CORP COM | COM | 49926D109 |  | 441 | 17175 | SH |  | SOLE |  | 441 | 0 | 0 |
| HF SINCLAIR CORP. | COM | 403949100 |  | 433 | 6950 | SH |  | SOLE |  | 433 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 431 | 5418 | SH |  | SOLE |  | 431 | 0 | 0 |
| EASTMAN CHEMICAL | COM | 277432100 |  | 431 | 5650 | SH |  | SOLE |  | 431 | 0 | 0 |
| BAKER HUGHES CO. | COM | 05722G100 |  | 427 | 7000 | SH |  | SOLE |  | 427 | 0 | 0 |
| TEX PAC LAND SUB CTF | COM | 88262P102 |  | 427 | 900 | SH |  | SOLE |  | 427 | 0 | 0 |
| FLUOR CORPORATION | COM | 343412102 |  | 426 | 9150 | SH |  | SOLE |  | 426 | 0 | 0 |
| INTEL | COM | 458140100 |  | 425 | 9650 | SH |  | SOLE |  | 425 | 0 | 0 |
| INTL BUSINESS MACHINES | COM | 459200101 |  | 424 | 1750 | SH |  | SOLE |  | 424 | 0 | 0 |
| GOODYEAR TIRE  RUBBER | COM | 382550101 |  | 420 | 63366 | SH |  | SOLE |  | 420 | 0 | 0 |
| VALVOLINE INC. | COM | 92047W101 |  | 416 | 12380 | SH |  | SOLE |  | 416 | 0 | 0 |
| O REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 415 | 4500 | SH |  | SOLE |  | 415 | 0 | 0 |
| CARRIER GLOBAL CORP. | COM | 14448C104 |  | 409 | 7281 | SH |  | SOLE |  | 409 | 0 | 0 |
| PAN AMERICAN SILVER | COM | 697900108 |  | 409 | 7500 | SH |  | SOLE |  | 409 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 391 | 24988 | SH |  | SOLE |  | 391 | 0 | 0 |
| CIENA CORP NEW | COM | 171779309 |  | 388 | 1000 | SH |  | SOLE |  | 388 | 0 | 0 |
| BRIGHTHOUSE FINL INC COM | COM | 10922N103 |  | 380 | 6350 | SH |  | SOLE |  | 380 | 0 | 0 |
| REGIONS FINANCIAL CP NEW | COM | 7591EP100 |  | 356 | 13650 | SH |  | SOLE |  | 356 | 0 | 0 |
| CULLEN FROST BANKERS | COM | 229899109 |  | 356 | 2600 | SH |  | SOLE |  | 356 | 0 | 0 |
| ONE GAS INC COM | COM | 68235P108 |  | 349 | 4058 | SH |  | SOLE |  | 349 | 0 | 0 |
| HALLIBURTON COMPANY | COM | 406216101 |  | 341 | 8770 | SH |  | SOLE |  | 341 | 0 | 0 |
| DOMINION RESOURCES INC. | COM | 25746U109 |  | 330 | 5341 | SH |  | SOLE |  | 330 | 0 | 0 |
| CHURCHILL DOWNS INC KY | COM | 171484108 |  | 323 | 3600 | SH |  | SOLE |  | 323 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 319 | 15916 | SH |  | SOLE |  | 319 | 0 | 0 |
| EXPEDITORS INTL WASH | COM | 302130109 |  | 307 | 2150 | SH |  | SOLE |  | 307 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 304 | 2000 | SH |  | SOLE |  | 304 | 0 | 0 |
| RGC RESOURCES INC | COM | 74955L103 |  | 304 | 13800 | SH |  | SOLE |  | 304 | 0 | 0 |
| ZIONS BANCORPORATION COM | COM | 989701107 |  | 302 | 5250 | SH |  | SOLE |  | 302 | 0 | 0 |
| CME GROUP INC COM | COM | 12572Q105 |  | 295 | 1000 | SH |  | SOLE |  | 295 | 0 | 0 |
| NOBLE CORP | COM | G65431127 |  | 294 | 6000 | SH |  | SOLE |  | 294 | 0 | 0 |
| STANLEY BLACK  DECKER INC. | COM | 854502101 |  | 289 | 4075 | SH |  | SOLE |  | 289 | 0 | 0 |
| ARTESIAN RES CORP CLA | COM | 043113208 |  | 288 | 9050 | SH |  | SOLE |  | 288 | 0 | 0 |
| CBOE HOLDINGS INC COMMON | COM | 12503M108 |  | 281 | 1000 | SH |  | SOLE |  | 281 | 0 | 0 |
| EBAY INC | COM | 278642103 |  | 280 | 3081 | SH |  | SOLE |  | 280 | 0 | 0 |
| NO EUROPEAN OIL TR | COM | 659310106 |  | 279 | 31034 | SH |  | SOLE |  | 279 | 0 | 0 |
| PNC BANK CORP | COM | 693475105 |  | 274 | 1320 | SH |  | SOLE |  | 274 | 0 | 0 |
| APACHE CORP | COM | 03743Q108 |  | 267 | 6300 | SH |  | SOLE |  | 267 | 0 | 0 |
| OTIS WORLDWIDE CORP. | COM | 68902V107 |  | 258 | 3350 | SH |  | SOLE |  | 258 | 0 | 0 |
| NASDAQ STOCK MARKET INC | COM | 631103108 |  | 254 | 3000 | SH |  | SOLE |  | 254 | 0 | 0 |
| SOLSTICE ADVANCED MATLS | COM | 83443Q103 |  | 252 | 3312 | SH |  | SOLE |  | 252 | 0 | 0 |
| PARK NATIONAL CORP | COM | 700658107 |  | 245 | 1500 | SH |  | SOLE |  | 245 | 0 | 0 |
| VISA INC CL A | COM | 92826C839 |  | 241 | 798 | SH |  | SOLE |  | 241 | 0 | 0 |
| FORD MOTOR COMPANY | COM | 345370860 |  | 240 | 20850 | SH |  | SOLE |  | 240 | 0 | 0 |
| SCHWAB US TIPS ETF | COM | 808524870 |  | 239 | 9000 | SH |  | SOLE |  | 239 | 0 | 0 |
| CALAVO GROWERS INC | COM | 128246105 |  | 237 | 9200 | SH |  | SOLE |  | 237 | 0 | 0 |
| CHEMOURS COMPANY | COM | 163851108 |  | 236 | 10755 | SH |  | SOLE |  | 236 | 0 | 0 |
| ZOETIS INC. | COM | 98978V103 |  | 236 | 2000 | SH |  | SOLE |  | 236 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 234 | 8850 | SH |  | SOLE |  | 234 | 0 | 0 |
| ALICO INC. | COM | 016230104 |  | 226 | 5500 | SH |  | SOLE |  | 226 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 224 | 2441 | SH |  | SOLE |  | 224 | 0 | 0 |
| JOHNSON CONTROLS | COM | G51502105 |  | 222 | 1700 | SH |  | SOLE |  | 222 | 0 | 0 |
| SOLVENTUM CORP | COM | 83444M101 |  | 220 | 3374 | SH |  | SOLE |  | 220 | 0 | 0 |
| TECHNIP FMC LTD. | COM | G87110105 |  | 215 | 3120 | SH |  | SOLE |  | 215 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 215 | 400 | SH |  | SOLE |  | 215 | 0 | 0 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 213 | 2500 | SH |  | SOLE |  | 213 | 0 | 0 |
| GILEAD SCIENCE SVCS | COM | 375558103 |  | 212 | 1525 | SH |  | SOLE |  | 212 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 210 | 308 | SH |  | SOLE |  | 210 | 0 | 0 |
| CORE NAT RES INC | COM | 218937100 |  | 209 | 2000 | SH |  | SOLE |  | 209 | 0 | 0 |
| MATIV HLDGS. INC. | COM | 808541106 |  | 208 | 23959 | SH |  | SOLE |  | 208 | 0 | 0 |
| ILLINOIS TOOL WORKS | COM | 452308109 |  | 208 | 800 | SH |  | SOLE |  | 208 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 206 | 5795 | SH |  | SOLE |  | 206 | 0 | 0 |
| NAT'L FUEL GAS CO. | COM | 636180101 |  | 206 | 2200 | SH |  | SOLE |  | 206 | 0 | 0 |
| CNX RESOURCES CORP. | COM | 12653C108 |  | 204 | 5300 | SH |  | SOLE |  | 204 | 0 | 0 |
| DEVON ENERGY CP NEW | COM | 25179M103 |  | 204 | 4055 | SH |  | SOLE |  | 204 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 203 | 800 | SH |  | SOLE |  | 203 | 0 | 0 |
| ORGANON  CO. | COM | 68622V106 |  | 202 | 33800 | SH |  | SOLE |  | 202 | 0 | 0 |
| ST JOE COMPANY | COM | 790148100 |  | 200 | 3200 | SH |  | SOLE |  | 200 | 0 | 0 |
| NUVEEN QUALITY MUNICIPAL | COM | 67066V101 |  | 178 | 15493 | SH |  | SOLE |  | 178 | 0 | 0 |
| DNP SELECT INCOME FUND | COM | 23325P104 |  | 150 | 14655 | SH |  | SOLE |  | 150 | 0 | 0 |
| CALERES INC. | COM | 129500104 |  | 143 | 13600 | SH |  | SOLE |  | 143 | 0 | 0 |
| SOLITARIO EXPLORATION | COM | 8342EP107 |  | 123 | 150000 | SH |  | SOLE |  | 123 | 0 | 0 |
| ORION MARINE GROUP | COM | 68628V308 |  | 114 | 10500 | SH |  | SOLE |  | 114 | 0 | 0 |
| PATTERSON UTIL ENRGY | COM | 703481101 |  | 109 | 10100 | SH |  | SOLE |  | 109 | 0 | 0 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 83 | 30000 | SH |  | SOLE |  | 83 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 70 | 13000 | SH |  | SOLE |  | 70 | 0 | 0 |
| ACCO BRANDS CORP COM | COM | 00081T108 |  | 40 | 13500 | SH |  | SOLE |  | 40 | 0 | 0 |
| DULUTH HOLDINGS INC | COM | 26443V101 |  | 38 | 12200 | SH |  | SOLE |  | 38 | 0 | 0 |
| XEROX CORP | COM | 984121103 |  | 20 | 15742 | SH |  | SOLE |  | 20 | 0 | 0 |

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