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: Q1 2024
Portfolio date: 31 Mar 2024
No. of stocks: 47
Portfolio value: $5,455,692,000
History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
≡ | MSFT - Microsoft Corp. | 10.14 | 1,315,000 | $420.72 | $553,247,000 | $420.03 | -0.16% | $305.96 | $429.27 | ||
≡ | NVDA - NVIDIA Corp. | 6.06 | Reduce 10.31% | 365,744 | $903.56 | $330,472,000 | $924.85 | 2.36% | $297.95 | $974.00 | |
≡ | AMZN - Amazon.com Inc. | 5.73 | Reduce 0.57% | 1,732,000 | $180.38 | $312,418,000 | $184.68 | 2.38% | $113.78 | $191.70 | |
≡ | UNH - United Health Group Inc. | 4.76 | 525,000 | $494.70 | $259,718,000 | $524.74 | 6.07% | $436.38 | $552.52 | ||
≡ | JPM - JPMorgan Chase & Co. | 4.64 | 1,263,000 | $200.30 | $252,979,000 | $204.84 | 2.27% | $130.93 | $205.05 | ||
≡ | GOOG - Alphabet Inc. CL C | 4.59 | Reduce 3.62% | 1,644,767 | $152.26 | $250,432,000 | $177.34 | 16.47% | $115.83 | $176.42 | |
≡ | GGG - Graco Inc. | 3.50 | Reduce 6.17% | 2,044,774 | $93.46 | $191,105,000 | $83.03 | -11.16% | $69.38 | $94.51 | |
≡ | USB - U.S. Bancorp | 2.92 | 3,567,000 | $44.70 | $159,445,000 | $41.45 | -7.27% | $27.83 | $44.91 | ||
≡ | FI - Fiserv Inc. | 2.90 | 989,000 | $159.82 | $158,062,000 | $152.69 | -4.46% | $109.12 | $159.99 | ||
≡ | TTC - Toro Co. | 2.86 | 1,705,523 | $91.63 | $156,277,000 | $88.31 | -3.62% | $77.43 | $106.86 | ||
≡ | MDT - Medtronic plc | 2.81 | 1,760,000 | $87.15 | $153,384,000 | $85.92 | -1.41% | $67.71 | $88.75 | ||
≡ | VZ - Verizon Communications | 2.64 | Add 16.58% | 3,439,000 | $41.96 | $144,300,000 | $40.07 | -4.50% | $29.16 | $42.73 | |
≡ | QCOM - QUALCOMM Inc. | 2.55 | Reduce 8.47% | 821,000 | $169.30 | $138,995,000 | $193.92 | 14.54% | $96.45 | $196.08 | |
≡ | AAPL - Apple Inc. | 2.26 | Add 77.48% | 718,800 | $171.48 | $123,260,000 | $189.90 | 10.74% | $163.63 | $198.57 | |
≡ | LNT - Alliant Energy | 2.22 | 2,400,000 | $50.40 | $120,960,000 | $51.99 | 3.15% | $42.62 | $52.30 | ||
≡ | LFUS - Littelfuse Inc. | 2.10 | 473,000 | $242.35 | $114,632,000 | $259.61 | 7.12% | $210.51 | $305.08 | ||
≡ | HRL - Hormel Foods Corp. | 2.01 | 3,140,592 | $34.89 | $109,575,000 | $36.31 | 4.07% | $28.28 | $40.68 | ||
≡ | SHW - Sherwin-Williams | 2.01 | Reduce 3.08% | 315,000 | $347.33 | $109,409,000 | $312.49 | -10.03% | $221.28 | $347.59 | |
≡ | FAST - Fastenal | 2.00 | Reduce 24.48% | 1,416,000 | $77.14 | $109,230,000 | $66.44 | -13.87% | $50.11 | $78.13 | |
≡ | NVT - nVent Electric plc | 1.99 | Reduce 9.26% | 1,436,997 | $75.40 | $108,350,000 | $80.02 | 6.13% | $39.93 | $84.36 | |
≡ | TECH - Bio-Techne Corp. | 1.99 | Reduce 4.94% | 1,540,800 | $70.39 | $108,457,000 | $83.85 | 19.12% | $51.42 | $89.19 | |
≡ | MSI - Motorola Solutions Inc. | 1.88 | 288,500 | $354.98 | $102,412,000 | $367.84 | 3.62% | $268.07 | $369.59 | ||
≡ | LLY - Eli Lilly & Co. | 1.78 | 124,539 | $777.96 | $96,886,000 | $770.01 | -1.02% | $416.69 | $799.42 | ||
≡ | ECL - Ecolab Inc. | 1.62 | Reduce 33.02% | 381,886 | $230.90 | $88,177,000 | $233.72 | 1.22% | $155.87 | $234.68 | |
≡ | FUL - H.B. Fuller Co. | 1.59 | Reduce 9.24% | 1,087,674 | $79.74 | $86,731,000 | $81.14 | 1.76% | $61.86 | $84.06 | |
≡ | JNJ - Johnson & Johnson | 1.49 | Reduce 7.05% | 513,232 | $158.19 | $81,188,000 | $154.66 | -2.23% | $142.71 | $172.01 | |
≡ | V - Visa Inc. | 1.48 | 290,000 | $279.08 | $80,933,000 | $280.12 | 0.37% | $214.48 | $290.42 | ||
≡ | TNC - Tennant Co. | 1.46 | Reduce 5.86% | 654,300 | $121.61 | $79,569,000 | $104.81 | -13.81% | $71.95 | $124.11 | |
≡ | WFC - Wells Fargo | 1.45 | 1,360,500 | $57.96 | $78,855,000 | $61.12 | 5.45% | $37.56 | $62.55 | ||
≡ | RHHBY - Roche Holding AG ADR | 1.40 | Add 4.10% | 2,386,000 | $31.92 | $76,161,000 | $32.65 | 2.29% | $29.20 | $38.83 | |
≡ | ROK - Rockwell Automation Inc. | 1.33 | Reduce 15.25% | 250,000 | $291.33 | $72,833,000 | $269.77 | -7.40% | $248.69 | $342.33 | |
≡ | ENTG - Entegris Inc. | 1.30 | Reduce 7.37% | 503,000 | $140.54 | $70,692,000 | $129.53 | -7.83% | $83.93 | $146.80 | |
≡ | SCHW - Charles Schwab Corp. | 1.09 | Reduce 7.08% | 820,000 | $72.34 | $59,319,000 | $78.73 | 8.83% | $48.09 | $79.22 | |
≡ | PFG - Principal Financial Group | 1.04 | Add 7.70% | 655,000 | $86.31 | $56,533,000 | $85.16 | -1.33% | $62.36 | $86.79 | |
≡ | SYY - Sysco Corp. | 0.99 | Reduce 16.96% | 666,000 | $81.18 | $54,066,000 | $75.91 | -6.49% | $61.43 | $82.37 | |
≡ | DCI - Donaldson Co. | 0.96 | Reduce 24.55% | 698,193 | $74.68 | $52,141,000 | $73.80 | -1.18% | $56.61 | $75.98 | |
≡ | BBY - Best Buy Co. Inc. | 0.93 | Add 26.58% | 617,700 | $82.03 | $50,670,000 | $73.38 | -10.54% | $60.79 | $85.08 | |
≡ | ABT - Abbott Labs | 0.86 | 411,304 | $113.66 | $46,749,000 | $104.12 | -8.39% | $88.80 | $121.04 | ||
≡ | HON - Honeywell Int'l Inc. | 0.80 | 212,000 | $205.25 | $43,513,000 | $205.96 | 0.35% | $169.16 | $207.27 | ||
≡ | WK - Workiva Inc. | 0.80 | 512,857 | $84.80 | $43,490,000 | $84.81 | 0.01% | $76.63 | $116.00 | ||
≡ | CRM - Salesforce.com | 0.63 | 114,000 | $301.18 | $34,335,000 | $285.52 | -5.20% | $193.43 | $318.30 | ||
≡ | PIPR - Piper Sandler Companies | 0.61 | Add 150.00% | 168,000 | $198.49 | $33,346,000 | $213.68 | 7.65% | $123.05 | $214.94 | |
≡ | CHRW - C.H. Robinson Worldwide | 0.50 | Add 44.00% | 360,000 | $76.14 | $27,410,000 | $84.08 | 10.43% | $65.00 | $96.54 | |
≡ | ULTA - Ulta Beauty Inc. | 0.48 | Buy | 49,900 | $522.89 | $26,092,000 | $399.56 | -23.59% | $368.02 | $574.76 | |
≡ | PII - Polaris Inc. | 0.40 | 218,000 | $100.12 | $21,826,000 | $84.34 | -15.76% | $81.42 | $135.68 | ||
≡ | CASY - Casey's Gen'l Stores | 0.25 | Buy | 42,748 | $318.45 | $13,613,000 | $335.72 | 5.42% | $210.16 | $344.01 | |
≡ | TGT - Target Corp. | 0.25 | 75,870 | $177.21 | $13,445,000 | $160.19 | -9.60% | $100.43 | $180.62 |
* 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 | 23.75 | |
Health Care | 15.09 | |
Technology | 13.45 | |
Industrials | 11.95 | |
Financials | 11.75 | |
Consumer Discretionary | 9.32 | |
Consumer Staples | 3.25 | |
Materials | 3.21 | |
Communication Services | 2.64 | |
Utilities | 2.22 | |
Services | 1.96 | |
Industrial Goods | 1.46 |
Articles & Commentaries
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
13 Aug 2018 Mairs & Power Q2 2018 Conference Call
27 Jul 2018 Mairs & Power Q2 2018 Commentary
26 Apr 2018 Mairs & Power Q1 2018 Commentary
21 Mar 2018 Mairs & Power Feb 7, 2018 Fund Update Recording
31 Jan 2018 Mairs & Power Q4 2017 Commentary
02 Nov 2017 Mairs & Power Q3 2017 Commentary