Investment adviser · CRD 106052

SPEECE THORSON CAPITAL GROUP INC

Investment adviser filing (IA)

MINNETONKA, MN, United States · Form ADV filed Mar 24, 2026

Regulatory AUM: $469M
Client accounts: 41
Employees: 4
Advisory professionals: 4

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Retirement plans	Fewer than 5	$119,000,000	25.4%
High-net-worth individuals	14	$116,000,000	24.7%
Pooled investment vehicles	1	$111,000,000	23.7%
Charities	9	$106,000,000	22.6%
Individuals	Fewer than 5	$13,000,000	2.8%
Government entities	Fewer than 5	$4,000,000	0.9%

Filing source

Form ADV 2061065 · Mar 24, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

1 Private fund

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

SPEECE THORSON CAPITAL GROUP VALUE FUND, LLCHedge Fund · Last reported Mar 24, 2026$126MGross asset value

Form D fundraising filings

SPEECE THORSON CAPITAL GROUP INC

Fund administrator TRUSTMARK NATIONAL BANK JACKSON, Mississippi, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BAKER TILLY MINNEAPOLIS, Minnesota, United States

Custodian TRUSTMARK NATIONAL BANK JACKSON, Mississippi, United States Related to adviser: No

Marketer DELPHOS MMJ L.P. MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

BAKER TILLY
PCAOB 23

DELPHOS MMJ L.P.
CRD 137389 · SEC 8-67083

Fund details & source

Fund ID: 805-2468041421
Reported beneficial owners: 34
Minimum commitment: $1M
Form D file number: 021-174354

Form ADV 2061065 · Mar 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 24, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets

Principal office

601 CARLSON PARKWAY, SUITE 850
MINNETONKA, MN, 55305-5231, United States

CRD 106052

Filing source

Form ADV 2061065 · Mar 24, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.