Speece Thorson Capital Group

The firm runs a concentrated, long-only, mid-to-small-capitalization U.S. value equity strategy. Its philosophy targets companies it considers well-managed, financially powerful, and attractively priced, with a discipline of first protecting capital in down markets and then seeking growth in up markets. The approach has remained unchanged since 1992, per the firm's own public materials.

Speece Thorson is a 100% employee-owned firm, founded as an independent entity in 1992. There is no external parent company, and the firm does not operate as a multi-family office or a platform aggregating external managers. Its ownership structure means the investment team shares in the firm's economics and invests alongside clients in the same portfolio.

The firm's disclosed client base includes corporate pension plans, profit-sharing plans, foundations, endowments, family offices, and trust companies. All clients invest in the same mid-to-small-cap value equity strategy the firm runs for its own principals.

No. Speece Thorson does not publish an AUM figure, portfolio holdings, or deployment totals in any public-facing materials. There is no regulatory filing or press release providing the number, so the firm's AUM remains undisclosed.

Speece Thorson describes a fundamental, bottom-up research process focused on the mid-to-small-cap U.S. equity universe. Sourcing appears entirely internal, driven by its own team's financial analysis and valuation work. No external consultant relationships, manager databases, or proprietary data partnerships are publicly referenced.