Portfolio holdings of Mairs & Power Growth Fund. Mairs & Power Growth Fund stock picks:. Stock Holdings page.
Mairs & Power Growth Fund
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Investment Philosophy
Mairs and Power is an independent, employee owned firm whose strength and success has resulted from applying a consistent, conservative growth approach for over 80 years. The mutual funds and the individually managed accounts are built on a foundation of carefully selected, quality growth stocks purchased at reasonable valuation levels. These securities are purchased with the intention to hold them for relatively long periods of time to maximize tax-efficiency, to allow the power of compounding to build wealth for shareholders and to avoid undue risk. Occasionally sales are made in response to factors such as changing fundamentals, investment strategy shifts, and excessive valuation. This buy and hold strategy leads to low portfolio turnover which reduces costs and enhances performance. While this investment approach is not complicated, it has proven to be very effective over the long-term.
Mairs and Power is an independent, employee owned firm whose strength and success has resulted from applying a consistent, conservative growth approach for over 80 years. The mutual funds and the individually managed accounts are built on a foundation of carefully selected, quality growth stocks purchased at reasonable valuation levels. These securities are purchased with the intention to hold them for relatively long periods of time to maximize tax-efficiency, to allow the power of compounding to build wealth for shareholders and to avoid undue risk. Occasionally sales are made in response to factors such as changing fundamentals, investment strategy shifts, and excessive valuation. This buy and hold strategy leads to low portfolio turnover which reduces costs and enhances performance. While this investment approach is not complicated, it has proven to be very effective over the long-term.
Period: Q3 2024
Portfolio date: 30 Sep 2024
No. of stocks: 47
Portfolio value: $5,699,875,000
| History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
| ≡ | MSFT - Microsoft Corp. | 9.93 | 1,315,000 | $430.30 | $565,845,000 | $415.49 | -3.44% | $360.21 | $466.57 | ||
| ≡ | NVDA - NVIDIA Corp. | 7.51 | 3,523,061 | $121.44 | $427,841,000 | $145.89 | 20.13% | $45.00 | $149.77 | ||
| ≡ | UNH - United Health Group Inc. | 5.83 | Add 6.97% | 568,000 | $584.68 | $332,098,000 | $600.50 | 2.71% | $433.00 | $630.73 | |
| ≡ | AMZN - Amazon.com Inc. | 5.47 | 1,672,000 | $186.33 | $311,544,000 | $202.88 | 8.88% | $141.50 | $215.90 | ||
| ≡ | JPM - JPMorgan Chase & Co. | 4.67 | 1,263,000 | $210.86 | $266,316,000 | $240.78 | 14.19% | $149.01 | $248.00 | ||
| ≡ | AAPL - Apple Inc. | 3.98 | Add 2.85% | 973,800 | $233.00 | $226,895,000 | $229.00 | -1.72% | $163.48 | $237.23 | |
| ≡ | GOOG - Alphabet Inc. CL C | 3.96 | 1,351,419 | $167.19 | $225,944,000 | $177.33 | 6.06% | $129.08 | $193.06 | ||
| ≡ | GGG - Graco Inc. | 3.16 | Add 0.73% | 2,059,774 | $87.51 | $180,251,000 | $88.52 | 1.15% | $77.02 | $93.93 | |
| ≡ | LNT - Alliant Energy | 3.14 | Add 2.82% | 2,953,000 | $60.69 | $179,218,000 | $62.23 | 2.54% | $45.58 | $62.59 | |
| ≡ | FI - Fiserv Inc. | 3.12 | 989,000 | $179.65 | $177,674,000 | $217.94 | 21.31% | $124.11 | $218.18 | ||
| ≡ | VZ - Verizon Communications | 3.01 | 3,821,000 | $44.91 | $171,601,000 | $42.22 | -5.99% | $34.18 | $44.66 | ||
| ≡ | TTC - Toro Co. | 2.82 | Add 8.74% | 1,854,523 | $86.73 | $160,843,000 | $81.87 | -5.60% | $76.54 | $100.51 | |
| ≡ | QCOM - QUALCOMM Inc. | 2.45 | 821,000 | $170.05 | $139,611,000 | $154.27 | -9.28% | $123.10 | $229.44 | ||
| ≡ | MSI - Motorola Solutions Inc. | 2.28 | 288,500 | $449.63 | $129,718,000 | $492.60 | 9.56% | $304.74 | $507.82 | ||
| ≡ | USB - U.S. Bancorp | 2.28 | Reduce 8.92% | 2,839,000 | $45.73 | $129,827,000 | $50.74 | 10.96% | $34.85 | $51.76 | |
| ≡ | LFUS - Littelfuse Inc. | 2.20 | 473,000 | $265.25 | $125,463,000 | $237.94 | -10.30% | $221.78 | $275.56 | ||
| ≡ | SHW - Sherwin-Williams | 2.17 | Add 2.86% | 324,000 | $381.67 | $123,661,000 | $371.66 | -2.62% | $268.70 | $391.85 | |
| ≡ | RHHBY - Roche Holding AG ADR | 2.15 | Add 7.54% | 3,067,509 | $39.95 | $122,547,000 | $40.64 | 1.73% | $29.20 | $42.43 | |
| ≡ | V - Visa Inc. | 2.02 | Add 19.71% | 419,000 | $274.95 | $115,204,000 | $307.39 | 11.80% | $248.13 | $312.41 | |
| ≡ | TECH - Bio-Techne Corp. | 1.95 | 1,393,800 | $79.93 | $111,406,000 | $68.72 | -14.02% | $60.97 | $85.39 | ||
| ≡ | LLY - Eli Lilly & Co. | 1.94 | 124,539 | $885.94 | $110,334,000 | $753.41 | -14.96% | $558.01 | $970.92 | ||
| ≡ | FAST - Fastenal | 1.83 | Add 3.25% | 1,462,000 | $71.42 | $104,416,000 | $81.82 | 14.56% | $57.79 | $84.88 | |
| ≡ | NVT - nVent Electric plc | 1.63 | 1,318,919 | $70.26 | $92,667,000 | $74.27 | 5.71% | $51.69 | $86.13 | ||
| ≡ | HRL - Hormel Foods Corp. | 1.56 | 2,810,592 | $31.70 | $89,096,000 | $30.22 | -4.67% | $27.77 | $36.19 | ||
| ≡ | MDT - Medtronic plc | 1.55 | Reduce 44.26% | 981,000 | $90.03 | $88,319,000 | $84.11 | -6.58% | $74.58 | $92.68 | |
| ≡ | FUL - H.B. Fuller Co. | 1.51 | 1,087,674 | $79.38 | $86,340,000 | $74.57 | -6.06% | $72.60 | $87.42 | ||
| ≡ | JNJ - Johnson & Johnson | 1.32 | Reduce 9.21% | 465,975 | $162.06 | $75,516,000 | $153.11 | -5.52% | $140.91 | $168.85 | |
| ≡ | ECL - Ecolab Inc. | 1.25 | 278,015 | $255.33 | $70,986,000 | $241.77 | -5.31% | $183.11 | $262.61 | ||
| ≡ | TNC - Tennant Co. | 1.25 | Add 10.71% | 741,000 | $96.04 | $71,166,000 | $85.70 | -10.77% | $82.54 | $123.41 | |
| ≡ | BBY - Best Buy Co. Inc. | 1.19 | 655,700 | $103.30 | $67,734,000 | $86.77 | -16.00% | $60.20 | $103.48 | ||
| ≡ | ROK - Rockwell Automation Inc. | 1.18 | 250,000 | $268.46 | $67,115,000 | $280.08 | 4.33% | $240.53 | $307.01 | ||
| ≡ | WFC - Wells Fargo | 1.13 | Reduce 4.20% | 1,140,500 | $56.49 | $64,427,000 | $73.58 | 30.25% | $41.06 | $74.70 | |
| ≡ | ENTG - Entegris Inc. | 1.08 | Add 8.75% | 547,000 | $112.53 | $61,554,000 | $99.96 | -11.17% | $94.92 | $147.31 | |
| ≡ | CHRW - C.H. Robinson Worldwide | 1.02 | Add 45.83% | 525,000 | $110.37 | $57,944,000 | $109.03 | -1.21% | $64.16 | $113.10 | |
| ≡ | PIPR - Piper Sandler Companies | 0.84 | 168,000 | $283.81 | $47,680,000 | $334.13 | 17.73% | $148.96 | $347.15 | ||
| ≡ | SCHW - Charles Schwab Corp. | 0.76 | Reduce 18.29% | 670,000 | $64.81 | $43,423,000 | $80.46 | 24.15% | $54.61 | $82.50 | |
| ≡ | DCI - Donaldson Co. | 0.74 | Reduce 15.29% | 570,620 | $73.70 | $42,055,000 | $75.17 | 1.99% | $57.85 | $78.71 | |
| ≡ | WK - Workiva Inc. | 0.74 | Add 3.90% | 532,857 | $79.12 | $42,160,000 | $92.18 | 16.51% | $65.47 | $105.00 | |
| ≡ | PFG - Principal Financial Group | 0.58 | Reduce 41.22% | 385,000 | $85.90 | $33,072,000 | $84.15 | -2.04% | $68.91 | $91.98 | |
| ≡ | CRM - Salesforce.com | 0.55 | 114,000 | $273.71 | $31,203,000 | $325.70 | 18.99% | $211.34 | $348.86 | ||
| ≡ | ABT - Abbott Labs | 0.51 | 255,829 | $114.01 | $29,167,000 | $115.93 | 1.68% | $99.01 | $121.00 | ||
| ≡ | KHC - Kraft Heinz Co. | 0.51 | Buy | 820,000 | $35.11 | $28,790,000 | $30.88 | -12.05% | $30.40 | $38.07 | |
| ≡ | ULTA - Ulta Beauty Inc. | 0.38 | 55,900 | $389.12 | $21,752,000 | $343.26 | -11.79% | $318.17 | $574.76 | ||
| ≡ | CASY - Casey's Gen'l Stores | 0.28 | 42,748 | $375.71 | $16,061,000 | $413.95 | 10.18% | $265.11 | $420.27 | ||
| ≡ | SYY - Sysco Corp. | 0.25 | Reduce 67.57% | 180,000 | $78.06 | $14,051,000 | $73.63 | -5.68% | $68.50 | $81.22 | |
| ≡ | TGT - Target Corp. | 0.21 | 75,870 | $155.86 | $11,825,000 | $121.72 | -21.90% | $120.21 | $177.93 | ||
| ≡ | HON - Honeywell Int'l Inc. | 0.13 | Reduce 81.41% | 36,356 | $206.71 | $7,515,000 | $226.67 | 9.66% | $185.69 | $241.58 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
| Information Technology | 25.21 | |
| Health Care | 15.25 | |
| Technology | 14.22 | |
| Industrials | 10.88 | |
| Financials | 10.26 | |
| Consumer Discretionary | 9.04 | |
| Utilities | 3.14 | |
| Communication Services | 3.01 | |
| Materials | 2.76 | |
| Consumer Staples | 2.60 | |
| Services | 2.40 | |
| Industrial Goods | 1.25 |
Articles & Commentaries
08 Nov 2024 Mairs & Power Growth Fund Q3 2024 Commentary
07 Nov 2024 Mairs & Power: Finding Value in Today's Market
30 Jul 2024 Mairs & Power Growth Fund Q2 2024 Commentary
29 May 2024 Mairs & Power: Seeing the Potential in Small Cap
02 May 2024 Mairs & Power Growth Fund Q1 2024 Commentary
26 Jan 2024 Mairs & Power Growth Fund Q4 2023 Commentary
08 Nov 2023 Mairs & Power Growth Fund Q3 2023 Commentary
28 Jul 2023 Mairs & Power Growth Fund Q2 2023 Commentary
20 Apr 2023 Mairs & Power Growth Fund Q1 2023 Commentary
27 Oct 2022 Mairs & Power Growth Fund Q3 2022 Commentary
21 Jul 2022 Mairs & Power Q2 2022 market update recording
28 Apr 2022 Mairs & Power Q1 2022 Commentary
18 Apr 2022 Mairs & Power Q1 2022 market update recording
09 Feb 2022 Mairs & Power Growth Fund Q4 2021 Commentary
21 Oct 2021 Mairs & Power Growth Fund Q3 2021 Commentary
05 Aug 2021 Mairs & Power Q2 2021 Webinar
20 Jul 2021 Mairs & Power Q2 2021 Commentary
23 Apr 2021 Mairs & Power Q1 2021 Commentary
01 Feb 2021 Mairs & Power Q4 2020 Commentary
23 Oct 2020 Mairs & Power Q3 2020 Commentary
03 Aug 2020 Mairs & Power Q2 2020 update recording
21 May 2020 Mairs & Power market update webcast
03 Feb 2020 Mairs & Power Q4 2019 Commentary
06 Aug 2019 Mairs & Power Q2 2019 Commentary
26 Feb 2019 Mairs & Power Q4 2018 update recording
04 Feb 2019 Mairs & Power Q4 2018 Commentary