SPEECE THORSON CAPITAL GROUP INC

CRD 106052File 801-39816

APPROVED

Retail clients

Custody

Filing as of Mar 24, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$469.0M

Above cohort median (national)

Discretionary AUM

$469.0M

Clients

41 accounts

Employees

Below cohort median in MN

Identity & registration

ADV Item 1

Organization form: Corporation
Firm type: Registered
SEC region: CHRO
Registration date: Apr 8, 1992
Principal office: 601 CARLSON PARKWAY, SUITE 850, MINNETONKA, MN, 55305-5231
Phone: 612-338-4649
Website: HTTP://WWW.STCAPITAL.COM

Assets & accounts

ADV Item 5F

Total regulatory AUM: $469.0M
Discretionary AUM: $469.0M
Non-discretionary AUM: $0
Discretionary accounts: 41
Non-discretionary accounts: 0
Total accounts: 41
AUM per client: $15.6M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Charitable organizations	9	$106.0M
High net worth individuals	14	$116.0M
Pooled investment vehicles	1	$111.0M
Pension and profit sharing plans	Fewer than 5	$119.0M
State or municipal government entities	Fewer than 5	$4.0M
Individuals (other than high net worth individuals)	Fewer than 5	$13.0M

Compensation & activities

ADV Items 5E, 5G

Compensation

A percentage of assets under your management

Advisory activities

Portfolio management for businesses
Portfolio management for pooled investment vehicles
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: No
Firm Custody Assets: Yes
Firm Custody Clients: Yes
Firm Custody Securities: No
Related Person Custody Cash: Yes
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: Yes

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.