Mairs & Power Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Mairs & Power Inc. reported 226 stock positions worth $10.3 billion. Its top holding was Microsoft (MSFT) at 8.0% of the portfolio, followed by Nvidia (NVDA, 5.7%) and Alphabet Class C (GOOG, 4.7%). Compared with Q4 2023, it opened 8 new positions, sold out of 13, added to 58 and reduced 121. The biggest buy was Apple (AAPL, shares +63%) and the biggest sale Bio-Techne (TECH, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- St Paul, MN
- CIK
- 0001070134
- Portfolio Value
- $10.3B (Q1 2024)
- SEC Filing
- 0001172661-24-002334 ↗ filed May 15, 2024
Holdings Value
Holdings 226 stocks · $10.3B
| MSFT Microsoft Corp. | 8.01% | 1,966,804 | $827.5M | Reduce -0.5% |
| NVDA Nvidia Corp. | 5.74% | 655,857 | $592.6M | Reduce -12.1% |
| GOOG Alphabet Inc. Class C | 4.73% | 3,205,267 | $488.0M | Reduce -4.1% |
| AMZN Amazon.com Inc. | 4.24% | 2,430,175 | $438.4M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 3.91% | 816,526 | $403.9M | Add +0.7% |
| GGG Graco Inc. | 3.43% | 3,792,159 | $354.4M | Reduce -5.8% |
| JPM JPMorgan Chase & Co. | 3.33% | 1,716,546 | $343.8M | Reduce -0.6% |
| FISV Fiserv Inc. | 2.96% | 1,909,516 | $305.2M | Reduce -1.8% |
| TTC Toro Co. | 2.88% | 3,244,481 | $297.3M | Add +0.6% |
| LLY Eli Lilly & Co. | 2.75% | 364,467 | $283.5M | Reduce -7.2% |
| USB US Bancorp | 2.53% | 5,849,322 | $261.5M | Reduce -3.1% |
| MDT Medtronic PLC | 2.52% | 2,986,579 | $260.3M | Add +1.6% |
| ECL Ecolab Inc. | 2.22% | 991,564 | $229.0M | Reduce -19.2% |
| QCOM Qualcomm Inc. | 2.15% | 1,312,754 | $222.2M | Reduce -6.2% |
| TECH Bio-Techne Corp. | 2.02% | 2,959,357 | $208.3M | Reduce -3.9% |
| LFUS Littelfuse Inc. | 2.01% | 857,751 | $207.9M | Reduce -0.2% |
| FAST Fastenal Co. | 2.01% | 2,692,096 | $207.7M | Reduce -15.6% |
| NVT Nvent Electric PLC | 1.92% | 2,630,651 | $198.4M | Reduce -7.8% |
| HRL Hormel Foods Corp. | 1.87% | 5,548,480 | $193.6M | Add +1.6% |
| JNJ Johnson & Johnson | 1.86% | 1,216,514 | $192.4M | Reduce -3.8% |
| MSI Motorola Solutions Inc. | 1.72% | 500,799 | $177.8M | Reduce -0.3% |
| V Visa Inc. Class A | 1.70% | 627,269 | $175.1M | Reduce -0.1% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.66% | 2,149,029 | $171.4M | Reduce -5.6% |
| VZ Verizon Communications Inc. | 1.63% | 4,004,841 | $168.0M | Add +18.3% |
| LNT Alliant Energy Corp. | 1.62% | 3,321,368 | $167.4M | Add +4.7% |
| AAPL Apple Inc. | 1.59% | 955,549 | $163.9M | Add +63.4% |
| SHW The Sherwin-Williams Co. | 1.55% | 460,977 | $160.1M | Reduce -2.5% |
| WFC Wells Fargo & Co. | 1.50% | 2,668,307 | $154.7M | Reduce -4.2% |
| TNC Tennant Co. | 1.38% | 1,169,609 | $142.2M | Reduce -4.5% |
| ABT Abbott Laboratories | 1.38% | 1,249,673 | $142.0M | Reduce -2.8% |
| HON Honeywell International Inc. | 1.32% | 664,822 | $136.5M | Reduce -1.9% |
| ENTG Entegris Inc. | 1.29% | 947,489 | $133.2M | Reduce -5.1% |
| DCI Donaldson Co. Inc. | 1.16% | 1,601,031 | $119.6M | Reduce -15.2% |
| ROK Rockwell Automation Inc. | 1.08% | 382,874 | $111.5M | Reduce -0.5% |
| PFG Principal Financial Group | 1.03% | 1,228,314 | $106.0M | Add +3.1% |
| SYY Sysco Corp. | 1.00% | 1,269,689 | $103.1M | Reduce -10.1% |
| SCHW Schwab (charles) Corp. | 0.97% | 1,386,956 | $100.3M | Reduce -5.6% |
| TGT Target Corp. | 0.79% | 458,724 | $81.3M | Add +0.1% |
| CRM Salesforce Inc. | 0.78% | 267,036 | $80.4M | Reduce -4.3% |
| HD Home Depot Inc. | 0.63% | 169,118 | $64.9M | Reduce -5.5% |
| WK Workiva Inc. | 0.62% | 757,234 | $64.2M | Reduce -1.5% |
| BBY Best Buy Co. Inc. | 0.55% | 692,770 | $56.8M | Add +30.2% |
| AXP American Express Co. | 0.52% | 234,619 | $53.4M | Reduce -2.9% |
| CHRW C.H. Robinson Worldwide Inc. | 0.51% | 692,273 | $52.7M | Add +20.0% |
| PIPR Piper Sandler Cos | 0.50% | 259,355 | $51.5M | Add +110.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.45% | 380,098 | $46.5M | Reduce -0.8% |
| CASY Casey's General Stores Inc. | 0.42% | 137,774 | $43.9M | Add +218.0% |
| PII Polaris Inc. | 0.35% | 365,653 | $36.6M | Reduce -1.1% |
| TXN Texas Instruments Inc. | 0.35% | 205,817 | $35.9M | Add +11.5% |
| ULTA Ulta Beauty Inc. | 0.33% | 64,766 | $33.9M | New |
| PG The Procter & Gamble Co. | 0.30% | 189,666 | $30.8M | Add +43.3% |
| ONB Old National Bancorp | 0.25% | 1,473,316 | $25.7M | Reduce -8.1% |
| GNRC Generac Holdings Inc. | 0.24% | 200,237 | $25.3M | Reduce -2.2% |
| ADP Automatic Data Processing | 0.23% | 96,191 | $24.0M | Add +11.6% |
| MMM 3M Co. | 0.23% | 222,958 | $23.6M | Reduce -13.0% |
| HSY The Hershey Co. | 0.21% | 113,584 | $22.1M | Add +16.8% |
| BMI Badger Meter Inc. | 0.21% | 133,552 | $21.6M | Reduce -5.5% |
| UPS United Parcel Service Class B | 0.20% | 142,315 | $21.2M | Reduce -25.8% |
| XEL Xcel Energy Inc. | 0.19% | 364,380 | $19.6M | Add +3.1% |
| TRV The Travelers Cos Inc. | 0.17% | 77,711 | $17.9M | Reduce -0.2% |
| AZEK The Azek Co. Inc. | 0.14% | 280,260 | $14.1M | Reduce -26.9% |
| HUBG Hub Group Inc. Class A | 0.12% | 296,669 | $12.8M | Add +14.9% |
| INSP Inspire Medical Systems Inc. | 0.12% | 59,188 | $12.7M | Reduce -8.4% |
| WTFC Wintrust Financial Corp. | 0.12% | 121,160 | $12.6M | Reduce -20.2% |
| AIR Aar Corp. | 0.12% | 200,746 | $12.0M | Add +9.0% |
| ALTR Altair Engineering Inc. Class A | 0.12% | 138,788 | $12.0M | Reduce -13.4% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.11% | 112,147 | $11.8M | Add +15.7% |
| MEDP Medpace Holdings Inc. | 0.11% | 28,789 | $11.6M | Reduce -7.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.11% | 26,464 | $11.1M | Add +8.9% |
| CFR Cullen/Frost Bankers Inc. | 0.11% | 98,227 | $11.1M | Reduce -5.2% |
| THRM Gentherm Inc. | 0.11% | 191,342 | $11.0M | Reduce -51.6% |
| ASB Associated Banc-Corp. | 0.10% | 474,515 | $10.2M | Add +18.8% |
| GIS General Mills Inc. | 0.09% | 138,250 | $9.7M | Reduce -7.2% |
| QCRH QCR Holdings Inc. | 0.09% | 157,728 | $9.6M | Add +4.3% |
| PLXS Plexus Corp. | 0.09% | 99,187 | $9.4M | Add +3.9% |
| MGPI MGP Ingredients Inc. | 0.09% | 105,288 | $9.1M | Add +30.5% |
| KNF Knife River Corp. | 0.09% | 109,285 | $8.9M | Add +29.0% |
| GBCI Glacier Bancorp Inc. | 0.08% | 215,080 | $8.7M | Add +0.2% |
| NTRS Northern Trust Corp. | 0.08% | 94,071 | $8.4M | Reduce -37.9% |
| META Meta Platforms Inc. Class A | 0.08% | 17,049 | $8.3M | Add +719.7% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.08% | 446,002 | $8.2M | Reduce -33.1% |
| EMR Emerson Electric Co. | 0.08% | 71,283 | $8.1M | Reduce -8.0% |
| CLFD Clearfield Inc. | 0.08% | 259,166 | $8.0M | Add +13.1% |
| ABBV Abbvie Inc. | 0.08% | 43,632 | $7.9M | Reduce -7.7% |
| PNR Pentair PLC | 0.08% | 91,412 | $7.8M | Reduce -2.8% |
| BKH Black Hills Corp. | 0.07% | 140,630 | $7.7M | Add +8.9% |
| MRK Merck & Co. Inc. | 0.07% | 57,017 | $7.5M | Reduce -8.0% |
| NWE Northwestern Energy Group Inc. | 0.07% | 137,280 | $7.0M | Add +10.2% |
| CAT Caterpillar Inc. | 0.06% | 17,435 | $6.4M | Reduce -0.8% |
| OSK Oshkosh Corp. | 0.06% | 50,485 | $6.3M | Reduce -5.0% |
| SCHB Schwab US Broad Market ETF | 0.05% | 89,300 | $5.5M | Add +6.3% |
| NEOG Neogen Corp. | 0.05% | 344,493 | $5.4M | Add +7.0% |
| GOOGL Alphabet Inc. Class A | 0.05% | 32,447 | $4.9M | Reduce -9.2% |
| PANW Palo Alto Networks Inc. | 0.05% | 17,013 | $4.8M | Add +13.1% |
| GLW Corning Inc. | 0.04% | 125,460 | $4.1M | Reduce -23.6% |
| CVX Chevron Corp. | 0.04% | 24,355 | $3.8M | Reduce -0.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.04% | 6 | $3.8M | No change |
| MCD McDonald's Corp. | 0.04% | 13,492 | $3.8M | Reduce -2.9% |
| PFE Pfizer Inc. | 0.04% | 135,390 | $3.8M | Reduce -22.6% |
| XOM Exxon Mobil Corp. | 0.03% | 30,721 | $3.6M | Reduce -2.1% |
Portfolio Sells Q4 2023 → Q1 2024
| TECH Bio-Techne Corp. | Reduce -3.9% | 2.02% | −0.49 |
| LFUS Littelfuse Inc. | Reduce -0.2% | 2.01% | −0.41 |
| ECL Ecolab Inc. | Reduce -19.2% | 2.22% | −0.35 |
| FUL H.B. Fuller Co. | Reduce -5.6% | 1.66% | −0.29 |
| GGG Graco Inc. | Reduce -5.8% | 3.43% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -4.1% | 4.73% | −0.24 |
| JNJ Johnson & Johnson | Reduce -3.8% | 1.86% | −0.23 |
| USB US Bancorp | Reduce -3.1% | 2.53% | −0.22 |
| WK Workiva Inc. | Reduce -1.5% | 0.62% | −0.20 |
| ROK Rockwell Automation Inc. | Reduce -0.5% | 1.08% | −0.18 |
| HON Honeywell International Inc. | Reduce -1.9% | 1.32% | −0.18 |
| FAST Fastenal Co. | Reduce -15.6% | 2.01% | −0.17 |
| DCI Donaldson Co. Inc. | Reduce -15.2% | 1.16% | −0.14 |
| ABT Abbott Laboratories | Reduce -2.8% | 1.38% | −0.12 |
| UPS United Parcel Service Class B | Reduce -25.8% | 0.20% | −0.11 |
| THRM Gentherm Inc. | Reduce -51.6% | 0.11% | −0.11 |
| SCHW Schwab (charles) Corp. | Reduce -5.6% | 0.97% | −0.09 |
| SYY Sysco Corp. | Reduce -10.1% | 1.00% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -73.0% | 0.03% | −0.07 |
| DGII Digi International Inc. | Reduce -96.5% | 0.00% | −0.07 |
| MMM 3M Co. | Reduce -13.0% | 0.23% | −0.07 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.06 |
| PHYSICIANS REALTY TRUST | Sold out | 0.00% | −0.06 |
| NTRS Northern Trust Corp. | Reduce -37.9% | 0.08% | −0.05 |
| JAMF Jamf Holding Corp. | Reduce -33.1% | 0.08% | −0.05 |
| ONB Old National Bancorp | Reduce -8.1% | 0.25% | −0.04 |
| GNRC Generac Holdings Inc. | Reduce -2.2% | 0.24% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.03 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.03 |
| V Visa Inc. Class A | Reduce -0.1% | 1.70% | −0.03 |
| ALTR Altair Engineering Inc. Class A | Reduce -13.4% | 0.12% | −0.03 |
| WTFC Wintrust Financial Corp. | Reduce -20.2% | 0.12% | −0.03 |
| HD Home Depot Inc. | Reduce -5.5% | 0.63% | −0.03 |
| BMI Badger Meter Inc. | Reduce -5.5% | 0.21% | −0.02 |
| AZEK The Azek Co. Inc. | Reduce -26.9% | 0.14% | −0.02 |
| PFE Pfizer Inc. | Reduce -22.6% | 0.04% | −0.02 |
| BAX Baxter International Inc. | Reduce -33.6% | 0.03% | −0.02 |
| INSP Inspire Medical Systems Inc. | Reduce -8.4% | 0.12% | −0.02 |
| PII Polaris Inc. | Reduce -1.1% | 0.35% | −0.01 |
| GLW Corning Inc. | Reduce -23.6% | 0.04% | −0.01 |
| CFR Cullen/Frost Bankers Inc. | Reduce -5.2% | 0.11% | −0.01 |
| GIS General Mills Inc. | Reduce -7.2% | 0.09% | −0.01 |
| SNA Snap-on Inc. | Reduce -27.8% | 0.02% | −0.01 |
| INTC Intel Corp. | Reduce -9.6% | 0.02% | −0.01 |
| MCD McDonald's Corp. | Reduce -2.9% | 0.04% | −0.01 |
| MCS Marcus Corporation | Reduce -11.7% | 0.02% | −0.01 |
| SKYT Skywater Technology Inc. | Reduce -24.8% | 0.02% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -9.2% | 0.05% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -22.8% | 0.02% | −0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| AAPL Apple Inc. | Add +63.4% | 1.59% | +0.40 |
| ULTA Ulta Beauty Inc. | New | 0.33% | +0.33 |
| CASY Casey's General Stores Inc. | Add +218.0% | 0.42% | +0.30 |
| VZ Verizon Communications Inc. | Add +18.3% | 1.63% | +0.28 |
| PIPR Piper Sandler Cos | Add +110.7% | 0.50% | +0.27 |
| BBY Best Buy Co. Inc. | Add +30.2% | 0.55% | +0.11 |
| TGT Target Corp. | Add +0.1% | 0.79% | +0.10 |
| PG The Procter & Gamble Co. | Add +43.3% | 0.30% | +0.09 |
| META Meta Platforms Inc. Class A | Add +719.7% | 0.08% | +0.07 |
| PFG Principal Financial Group | Add +3.1% | 1.03% | +0.04 |
| HRL Hormel Foods Corp. | Add +1.6% | 1.87% | +0.03 |
| KNF Knife River Corp. | Add +29.0% | 0.09% | +0.03 |
| HSY The Hershey Co. | Add +16.8% | 0.21% | +0.02 |
| AMP Ameriprise Financial Inc. | Add +262.3% | 0.03% | +0.02 |
| ADP Automatic Data Processing | Add +11.6% | 0.23% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.9% | 0.11% | +0.02 |
| TXN Texas Instruments Inc. | Add +11.5% | 0.35% | +0.02 |
| JBTM JBT Marel Corp. | Add +15.7% | 0.11% | +0.01 |
| ASB Associated Banc-Corp. | Add +18.8% | 0.10% | +0.01 |
| CLFD Clearfield Inc. | Add +13.1% | 0.08% | +0.01 |
| MGPI MGP Ingredients Inc. | Add +30.5% | 0.09% | +0.00 |
| SCHB Schwab US Broad Market ETF | Add +6.3% | 0.05% | +0.00 |
| DOC Healthpeak Properties Inc. | New | 0.00% | +0.00 |
| ORCL Oracle Corp. | Add +0.3% | 0.03% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.00% | +0.00 |
| WM Waste Management Inc. | New | 0.00% | +0.00 |
| MPC Marathon Petroleum Corp. | New | 0.00% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | New | 0.00% | +0.00 |
| BKH Black Hills Corp. | Add +8.9% | 0.07% | +0.00 |
| NWE Northwestern Energy Group Inc. | Add +10.2% | 0.07% | +0.00 |
| AVGO Broadcom Inc. | Add +13.8% | 0.00% | +0.00 |
| BSX Boston Scientific Corp. | Add +1.3% | 0.01% | +0.00 |
| CMCSA Comcast Corp. Class A | Add +37.5% | 0.00% | +0.00 |
| XLK SS Technology Select Sector | Add +4.5% | 0.02% | +0.00 |
| ALTM Arcadium Lithium PLC | New | 0.00% | +0.00 |
| COP Conocophillips | Add +0.7% | 0.03% | +0.00 |
| CB Chubb Ltd. | Add +0.6% | 0.01% | +0.00 |
| MA Mastercard Inc. Class A | Add +1.5% | 0.01% | +0.00 |
| PLUG Plug Power Inc. | New | 0.00% | +0.00 |
| MSA Msa Safety Inc. | Add +1.3% | 0.00% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +13.1% | 0.05% | +0.00 |
| T AT&T Inc. | Add +2.8% | 0.00% | 0.00 |
| MO Altria Group Inc. | Add +0.1% | 0.00% | 0.00 |
| ITW Illinois Tool Works | Add +5.5% | 0.00% | 0.00 |
| MRSH Marsh & McLennan Cos | Add +0.9% | 0.00% | 0.00 |
| TJX TJX Companies Inc. | Add +1.6% | 0.00% | 0.00 |
| CARR Carrier Global Corp. | Add +2.9% | 0.00% | −0.00 |
| QCRH QCR Holdings Inc. | Add +4.3% | 0.09% | −0.00 |
| KO The Coca-Cola Co. | Add +1.2% | 0.01% | −0.00 |
| PM Philip Morris International | Add +0.5% | 0.00% | −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 |