Mairs & Power Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Mairs & Power Inc. reported 254 stock positions worth $10.9 billion. Its top holding was Nvidia (NVDA) at 8.6% of the portfolio, followed by Microsoft (MSFT, 6.7%) and Amazon.com (AMZN, 5.7%). Compared with Q1 2026, it opened 16 new positions, sold out of 8, added to 54 and reduced 111. The biggest buy was Palo Alto Networks (PANW, shares +13%) and the biggest sale Graco (GGG, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- St Paul, MN
- CIK
- 0001070134
- Portfolio Value
- $10.9B (Q2 2026)
- SEC Filing
- 0001172661-26-003496 ↗ filed Aug 14, 2026
Holdings Value
Holdings 254 stocks · $10.9B
| NVDA Nvidia Corp. | 8.64% | 4,707,792 | $942.0M | Reduce -1.1% |
| MSFT Microsoft Corp. | 6.68% | 1,950,737 | $727.7M | Add +0.4% |
| AMZN Amazon.com Inc. | 5.68% | 2,599,441 | $619.6M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 5.46% | 1,683,439 | $594.8M | Add +4.5% |
| LLY Eli Lilly & Co. | 3.54% | 322,129 | $386.4M | Reduce -1.3% |
| NVT Nvent Electric PLC | 3.19% | 2,052,813 | $348.2M | Reduce -0.7% |
| AAPL Apple Inc. | 3.02% | 1,138,448 | $329.4M | Reduce -5.8% |
| JPM JPMorgan Chase & Co. | 2.77% | 923,550 | $302.3M | Reduce -12.4% |
| V Visa Inc. Class A | 2.68% | 852,050 | $292.3M | Add +1.3% |
| GGG Graco Inc. | 2.63% | 3,797,451 | $287.1M | Reduce -0.5% |
| LFUS Littelfuse Inc. | 2.52% | 602,104 | $274.2M | Reduce -16.9% |
| TTC Toro Co. | 2.39% | 2,676,474 | $260.7M | Reduce -1.6% |
| ENTG Entegris Inc. | 2.15% | 1,301,640 | $234.1M | Reduce -3.1% |
| UNH Unitedhealth Group Inc. | 2.14% | 559,951 | $232.7M | Reduce -24.4% |
| TSM Taiwan Semiconductor-SP ADR | 2.09% | 476,245 | $227.4M | Reduce -2.1% |
| MSI Motorola Solutions Inc. | 2.08% | 544,876 | $226.3M | Add +0.8% |
| ECL Ecolab Inc. | 1.99% | 777,541 | $216.6M | Add +2.1% |
| WEC WEC Energy Group Inc. | 1.92% | 1,787,905 | $208.8M | Reduce -6.4% |
| PANW Palo Alto Networks Inc. | 1.88% | 599,841 | $204.6M | Add +12.6% |
| LNT Alliant Energy Corp. | 1.86% | 2,657,913 | $202.8M | Reduce -8.0% |
| TECH Bio-Techne Corp. | 1.75% | 2,700,698 | $190.8M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 1.72% | 332,871 | $187.5M | Add +2.5% |
| FAST Fastenal Co. | 1.71% | 3,870,891 | $185.9M | Reduce -1.3% |
| SHW The Sherwin-Williams Co. | 1.39% | 440,586 | $151.7M | Add +0.7% |
| CHRW C.H. Robinson Worldwide Inc. | 1.33% | 770,708 | $145.2M | Reduce -9.1% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.30% | 2,435,168 | $141.9M | Add +3.1% |
| VZ Verizon Communications Inc. | 1.28% | 3,291,850 | $139.4M | Reduce -0.7% |
| WM Waste Management Inc. | 1.21% | 591,025 | $131.7M | Add +48.4% |
| ROK Rockwell Automation Inc. | 1.17% | 257,811 | $127.6M | Reduce -9.1% |
| FISV Fiserv Inc. | 1.03% | 2,293,029 | $112.5M | Add +6.5% |
| JNJ Johnson & Johnson | 0.99% | 423,010 | $107.4M | Reduce -26.8% |
| AMP Ameriprise Financial Inc. | 0.90% | 214,056 | $98.2M | Add +8.6% |
| CGNX Cognex Corp. | 0.87% | 1,307,856 | $94.7M | Add +6.9% |
| HRL Hormel Foods Corp. | 0.77% | 3,398,047 | $84.3M | Reduce -0.6% |
| CASY Casey's General Stores Inc. | 0.66% | 91,125 | $72.4M | Reduce -5.0% |
| WFC Wells Fargo & Co. | 0.66% | 872,186 | $72.1M | Reduce -36.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.66% | 311,539 | $71.5M | New |
| ABT Abbott Laboratories | 0.61% | 729,358 | $66.2M | Add +1.1% |
| TXN Texas Instruments Inc. | 0.59% | 217,453 | $64.8M | Reduce -5.9% |
| TNC Tennant Co. | 0.55% | 681,800 | $59.7M | Reduce -15.1% |
| ISRG Intuitive Surgical Inc. | 0.53% | 146,459 | $58.2M | Add +46.6% |
| MMM 3M Co. | 0.52% | 349,350 | $56.6M | Reduce -0.7% |
| HD Home Depot Inc. | 0.49% | 152,452 | $53.8M | Reduce -0.6% |
| TRV The Travelers Cos Inc. | 0.47% | 156,482 | $51.7M | Add +9.9% |
| AXP American Express Co. | 0.45% | 145,612 | $49.3M | Reduce -2.2% |
| IDA Idacorp Inc. | 0.43% | 309,970 | $46.9M | Add +2.9% |
| MEDP Medpace Holdings Inc. | 0.42% | 86,715 | $45.9M | Add +1.2% |
| CME Cme Group Inc. | 0.40% | 195,585 | $43.2M | New |
| DCI Donaldson Co. Inc. | 0.38% | 463,717 | $41.6M | Reduce -7.1% |
| WK Workiva Inc. | 0.37% | 829,491 | $40.2M | Add +15.9% |
| PIPR Piper Sandler Cos | 0.36% | 544,505 | $39.4M | Reduce -0.3% |
| SFM Sprouts Farmers Market Inc. | 0.35% | 451,826 | $38.2M | Add +54.6% |
| PG The Procter & Gamble Co. | 0.33% | 245,423 | $36.0M | Add +0.8% |
| USB US Bancorp | 0.31% | 561,453 | $33.9M | Reduce -6.7% |
| ZTS Zoetis Inc. | 0.31% | 467,515 | $33.6M | Add +54.2% |
| QCOM Qualcomm Inc. | 0.30% | 179,832 | $33.2M | Reduce -62.4% |
| XEL Xcel Energy Inc. | 0.29% | 392,497 | $31.5M | Reduce -2.4% |
| BSY Bentley Systems Inc. Class B | 0.27% | 970,114 | $29.0M | Add +310.8% |
| ADP Automatic Data Processing | 0.26% | 127,173 | $28.5M | Add +2.2% |
| MDT Medtronic PLC | 0.26% | 363,349 | $28.4M | Reduce -9.6% |
| GNRC Generac Holdings Inc. | 0.25% | 93,395 | $27.3M | Reduce -6.4% |
| HONA Honeywell Aerospace Inc. | 0.20% | 100,041 | $22.1M | Reduce -4.0% |
| GLW Corning Inc. | 0.20% | 85,447 | $21.8M | Reduce -3.2% |
| TGT Target Corp. | 0.19% | 159,261 | $20.8M | Reduce -5.7% |
| SCHW Schwab (charles) Corp. | 0.18% | 216,288 | $20.0M | Reduce -12.7% |
| GOOGL Alphabet Inc. Class A | 0.18% | 54,128 | $19.3M | Reduce -2.9% |
| CAT Caterpillar Inc. | 0.18% | 18,102 | $19.3M | Reduce -1.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.15% | 173,626 | $16.7M | Reduce -27.6% |
| CLFD Clearfield Inc. | 0.14% | 385,257 | $15.3M | Reduce -47.4% |
| BMI Badger Meter Inc. | 0.14% | 99,464 | $14.8M | Reduce -5.1% |
| PFG Principal Financial Group | 0.13% | 135,283 | $14.6M | Reduce -17.4% |
| AIR Aar Corp. | 0.11% | 83,933 | $12.0M | Reduce -6.1% |
| PLXS Plexus Corp. | 0.11% | 39,276 | $11.8M | Reduce -14.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.11% | 23,590 | $11.8M | Reduce -1.4% |
| ABBV Abbvie Inc. | 0.10% | 44,702 | $11.2M | Reduce -1.4% |
| XOM Exxon Mobil Corp. | 0.10% | 81,802 | $11.2M | Reduce -2.1% |
| AMBA Ambarella Inc. | 0.10% | 126,353 | $10.8M | Add +7.5% |
| KNF Knife River Corp. | 0.10% | 128,377 | $10.7M | Reduce -4.5% |
| HSY The Hershey Co. | 0.10% | 61,044 | $10.7M | Reduce -5.5% |
| MINN Mairs & Power MN Muni Bond | 0.10% | 470,668 | $10.5M | Add +14.6% |
| ONB Old National Bancorp | 0.09% | 389,291 | $10.1M | Reduce -10.1% |
| JBTM JBT Marel Corp. | 0.09% | 67,465 | $9.8M | Add +14.2% |
| WTFC Wintrust Financial Corp. | 0.09% | 58,659 | $9.4M | Add +1.6% |
| EMR Emerson Electric Co. | 0.08% | 63,235 | $9.1M | Reduce -2.3% |
| QCRH QCR Holdings Inc. filed as QCR HLDGS INC | 0.08% | 91,002 | $8.9M | No change |
| PATK Patrick Industries Inc. | 0.08% | 94,824 | $8.5M | Add +63.8% |
| ASB Associated Banc-Corp. | 0.08% | 270,040 | $8.3M | No change |
| VOO Vanguard S&P 500 ETF | 0.08% | 12,096 | $8.3M | Reduce -18.6% |
| RDNT Radnet Inc. | 0.08% | 133,116 | $8.2M | No change |
| IVV iShares Core S&P 500 ETF | 0.07% | 10,654 | $8.0M | Add +64.9% |
| AMAT Applied Materials Inc. | 0.07% | 11,007 | $8.0M | Reduce -2.8% |
| SCHB Schwab US Broad Market ETF | 0.07% | 261,246 | $7.6M | No change |
| BKH Black Hills Corp. | 0.07% | 98,285 | $7.3M | No change |
| LTH Life Time Group Holdings Inc. | 0.06% | 172,317 | $7.0M | No change |
| CVX Chevron Corp. | 0.06% | 41,147 | $6.8M | Add +5.5% |
| MRK Merck & Co. Inc. | 0.06% | 51,519 | $6.6M | Add +2.3% |
| CFR Cullen/Frost Bankers Inc. | 0.06% | 42,696 | $6.6M | No change |
| ALRS Alerus Financial Corp. | 0.06% | 203,417 | $6.3M | Add +156.1% |
| JHX James Hardie Ind PLC | 0.06% | 240,716 | $6.3M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 8,279 | $6.2M | Reduce -69.5% |
Portfolio Sells Q1 2026 → Q2 2026
| GGG Graco Inc. | Reduce -0.5% | 2.63% | −0.67 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.48 |
| JNJ Johnson & Johnson | Reduce -26.8% | 0.99% | −0.46 |
| WFC Wells Fargo & Co. | Reduce -36.1% | 0.66% | −0.45 |
| VZ Verizon Communications Inc. | Reduce -0.7% | 1.28% | −0.42 |
| JPM JPMorgan Chase & Co. | Reduce -12.4% | 2.77% | −0.40 |
| WEC WEC Energy Group Inc. | Reduce -6.4% | 1.92% | −0.34 |
| QCOM Qualcomm Inc. | Reduce -62.4% | 0.30% | −0.32 |
| LNT Alliant Energy Corp. | Reduce -8.0% | 1.86% | −0.26 |
| TTC Toro Co. | Reduce -1.6% | 2.39% | −0.20 |
| FAST Fastenal Co. | Reduce -1.3% | 1.71% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -69.5% | 0.06% | −0.12 |
| AAPL Apple Inc. | Reduce -5.8% | 3.02% | −0.11 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -9.1% | 1.33% | −0.11 |
| MDT Medtronic PLC | Reduce -9.6% | 0.26% | −0.10 |
| CRM Salesforce Inc. | Reduce -94.7% | 0.00% | −0.09 |
| DIS The Walt Disney Co. | Reduce -27.6% | 0.15% | −0.08 |
| PIPR Piper Sandler Cos | Reduce -0.3% | 0.36% | −0.07 |
| CLFD Clearfield Inc. | Reduce -47.4% | 0.14% | −0.06 |
| SCHW Schwab (charles) Corp. | Reduce -12.7% | 0.18% | −0.05 |
| DCI Donaldson Co. Inc. | Reduce -7.1% | 0.38% | −0.05 |
| CASY Casey's General Stores Inc. | Reduce -5.0% | 0.66% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -2.1% | 0.10% | −0.04 |
| HSY The Hershey Co. | Reduce -5.5% | 0.10% | −0.04 |
| XEL Xcel Energy Inc. | Reduce -2.4% | 0.29% | −0.04 |
| SYY Sysco Corp. | Reduce -51.1% | 0.04% | −0.04 |
| KHC The Kraft Heinz Co. | Reduce -43.5% | 0.04% | −0.03 |
| HONA Honeywell Aerospace Inc. | Reduce -4.0% | 0.20% | −0.03 |
| BMI Badger Meter Inc. | Reduce -5.1% | 0.14% | −0.03 |
| ORCL Oracle Corp. | Reduce -55.6% | 0.02% | −0.03 |
| NWE Northwestern Energy Group Inc. | Reduce -40.5% | 0.03% | −0.02 |
| HD Home Depot Inc. | Reduce -0.6% | 0.49% | −0.02 |
| TGT Target Corp. | Reduce -5.7% | 0.19% | −0.02 |
| HRL Hormel Foods Corp. | Reduce -0.6% | 0.77% | −0.02 |
| PFG Principal Financial Group | Reduce -17.4% | 0.13% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -18.6% | 0.08% | −0.01 |
| GIS General Mills Inc. | Reduce -27.6% | 0.02% | −0.01 |
| KNF Knife River Corp. | Reduce -4.5% | 0.10% | −0.01 |
| NKE Nike Inc. Class B | Reduce -3.2% | 0.02% | −0.01 |
| PNR Pentair PLC | Reduce -0.9% | 0.04% | −0.01 |
| MCD McDonald's Corp. | Reduce -1.7% | 0.03% | −0.01 |
| COP Conocophillips | Reduce -0.7% | 0.02% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.4% | 0.11% | −0.01 |
| USB US Bancorp | Reduce -6.7% | 0.31% | −0.01 |
| AXP American Express Co. | Reduce -2.2% | 0.45% | −0.01 |
| HWKN Hawkins Inc. | Reduce -3.1% | 0.03% | −0.01 |
| HUBG Hub Group Inc. Class A | Reduce -18.8% | 0.05% | −0.01 |
| UPS United Parcel Service Class B | Reduce -34.0% | 0.01% | −0.01 |
| PFE Pfizer Inc. | Reduce -5.8% | 0.01% | −0.01 |
| ONB Old National Bancorp | Reduce -10.1% | 0.09% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| PANW Palo Alto Networks Inc. | Add +12.6% | 1.88% | +1.00 |
| GOOG Alphabet Inc. Class C | Add +4.5% | 5.46% | +0.73 |
| AJG Arthur J Gallagher & Co. | New | 0.66% | +0.66 |
| CME Cme Group Inc. | New | 0.40% | +0.40 |
| WM Waste Management Inc. | Add +48.4% | 1.21% | +0.27 |
| CGNX Cognex Corp. | Add +6.9% | 0.87% | +0.26 |
| BSY Bentley Systems Inc. Class B | Add +310.8% | 0.27% | +0.18 |
| SFM Sprouts Farmers Market Inc. | Add +54.6% | 0.35% | +0.12 |
| V Visa Inc. Class A | Add +1.3% | 2.68% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +46.6% | 0.53% | +0.06 |
| TRV The Travelers Cos Inc. | Add +9.9% | 0.47% | +0.05 |
| ALRS Alerus Financial Corp. | Add +156.1% | 0.06% | +0.04 |
| AMBA Ambarella Inc. | Add +7.5% | 0.10% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +64.9% | 0.07% | +0.03 |
| JBTM JBT Marel Corp. | Add +14.2% | 0.09% | +0.01 |
| PATK Patrick Industries Inc. | Add +63.8% | 0.08% | +0.01 |
| MGEE Mge Energy Inc. | New | 0.01% | +0.01 |
| INTC Intel Corp. | Add +1.4% | 0.02% | +0.01 |
| IWP iShares Russell Mid-Cap Grow | New | 0.01% | +0.01 |
| IJH iShares Core S&P Midcap ETF | New | 0.01% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | New | 0.01% | +0.01 |
| AMP Ameriprise Financial Inc. | Add +8.6% | 0.90% | +0.01 |
| GLD SPDR Gold Shares | Add +145.8% | 0.01% | +0.01 |
| WTFC Wintrust Financial Corp. | Add +1.6% | 0.09% | +0.00 |
| IWM iShares Russell 2000 ETF | New | 0.00% | +0.00 |
| CTAS Cintas Corp. | Add +21.5% | 0.04% | +0.00 |
| IWO iShares Russell 2000 Growth | New | 0.00% | +0.00 |
| MINN Mairs & Power MN Muni Bond | Add +14.6% | 0.10% | +0.00 |
| IWS iShares Russell Mid-Cap Valu | New | 0.00% | +0.00 |
| LRCX Lam Research Corp. | New | 0.00% | +0.00 |
| ADP Automatic Data Processing | Add +2.2% | 0.26% | +0.00 |
| VRT Vertiv Holdings Co. Class A | New | 0.00% | +0.00 |
| MS Morgan Stanley | New | 0.00% | +0.00 |
| AME Ametek Inc. | New | 0.00% | +0.00 |
| CARR Carrier Global Corp. | New | 0.00% | +0.00 |
| ECG Everus Construction Group | New | 0.00% | +0.00 |
| RF Regions Financial Corp. | New | 0.00% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.6% | 0.01% | +0.00 |
| AVGO Broadcom Inc. | Add +3.7% | 0.01% | +0.00 |
| MEDP Medpace Holdings Inc. | Add +1.2% | 0.42% | +0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +23.5% | 0.01% | +0.00 |
| VGT Vanguard Info Tech ETF | Add +0.7% | 0.00% | +0.00 |
| WAT Waters Corp. | Add +0.1% | 0.00% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.01% | +0.00 |
| BA The Boeing Co. | Add +2.0% | 0.01% | 0.00 |
| EFA iShares MSCI Eafe ETF | Add +3.9% | 0.02% | 0.00 |
| MO Altria Group Inc. | Add +0.1% | 0.00% | −0.00 |
| ITW Illinois Tool Works | Add +3.4% | 0.00% | −0.00 |
| DHR Danaher Corp. | Add +0.6% | 0.00% | −0.00 |
| CB Chubb Ltd. | Add +0.7% | 0.01% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 254 | $10.9B | NVDA, MSFT, AMZN, GOOG, LLY |
| Q1 2026 | 245 | $9.8B | NVDA, MSFT, AMZN, GOOG, GGG |
| Q4 2025 | 243 | $10.4B | MSFT, NVDA, AMZN, GOOG, JPM |
| Q3 2025 | 248 | $10.6B | NVDA, MSFT, AMZN, JPM, GOOG |
| Q2 2025 | 235 | $10.1B | MSFT, NVDA, AMZN, JPM, GGG |
| Q1 2025 | 221 | $9.6B | MSFT, NVDA, UNH, AMZN, JPM |
| Q4 2024 | 229 | $10.3B | MSFT, NVDA, AMZN, UNH, GOOG |
| Q3 2024 | 228 | $10.6B | MSFT, NVDA, UNH, GOOG, AMZN |
| Q2 2024 | 222 | $10.3B | MSFT, NVDA, GOOG, AMZN, UNH |
| Q1 2024 | 226 | $10.3B | MSFT, NVDA, GOOG, AMZN, UNH |