SPEECE THORSON CAPITAL GROUP INC

The portfolio is currently highly diversified, with the largest position, White Mountain Insurance Group Ltd., constituting only 4.80% of the total assets. This suggests a "core and satellite" or an equal-weight investment philosophy where no single security dominates the risk profile. The firm manages a relatively small AUM (Assets Under Management) in this specific filing, characteristic of a specialized or boutique investment strategy focusing on specific market niches rather than broad market replication.

2. Key Holdings

The top holdings list reveals a distinct preference for high-quality, established mid-cap companies. The portfolio is remarkably balanced at the top, with the first ten positions ranging only between 3.28% and 4.80% of the total portfolio value.