Mairs & Power Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Mairs & Power Inc. reported 222 stock positions worth $10.3 billion. Its top holding was Microsoft (MSFT) at 8.5% of the portfolio, followed by Nvidia (NVDA, 7.4%) and Alphabet Class C (GOOG, 5.0%). Compared with Q1 2024, it opened 5 new positions, sold out of 11, added to 54 and reduced 116. The biggest buy was Apple (AAPL, shares +36%) and the biggest sale US Bancorp (USB, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- St Paul, MN
- CIK
- 0001070134
- Portfolio Value
- $10.3B (Q2 2024)
- SEC Filing
- 0001172661-24-003458 ↗ filed Aug 14, 2024
Holdings Value
Holdings 222 stocks · $10.3B
| MSFT Microsoft Corp. | 8.45% | 1,957,122 | $874.7M | Reduce -0.5% |
| NVDA Nvidia Corp. | 7.38% | 6,185,938 | $764.2M | Reduce -5.7% |
| GOOG Alphabet Inc. Class C | 4.99% | 2,815,526 | $516.4M | Reduce -12.2% |
| AMZN Amazon.com Inc. | 4.39% | 2,350,397 | $454.2M | Reduce -3.3% |
| UNH Unitedhealth Group Inc. | 4.16% | 844,815 | $430.2M | Add +3.5% |
| JPM JPMorgan Chase & Co. | 3.37% | 1,723,515 | $348.6M | Add +0.4% |
| LLY Eli Lilly & Co. | 3.06% | 350,150 | $317.0M | Reduce -3.9% |
| TTC Toro Co. | 2.93% | 3,246,014 | $303.5M | Add +0.1% |
| GGG Graco Inc. | 2.88% | 3,761,269 | $298.2M | Reduce -0.8% |
| FISV Fiserv Inc. | 2.72% | 1,892,102 | $282.0M | Reduce -0.9% |
| AAPL Apple Inc. | 2.65% | 1,303,200 | $274.5M | Add +36.4% |
| QCOM Qualcomm Inc. | 2.50% | 1,300,270 | $259.0M | Reduce -0.9% |
| MDT Medtronic PLC | 2.24% | 2,939,942 | $231.4M | Reduce -1.6% |
| LFUS Littelfuse Inc. | 2.10% | 848,926 | $217.0M | Reduce -1.0% |
| USB US Bancorp | 1.98% | 5,159,501 | $204.8M | Reduce -11.8% |
| ECL Ecolab Inc. | 1.92% | 834,391 | $198.6M | Reduce -15.8% |
| TECH Bio-Techne Corp. | 1.90% | 2,740,392 | $196.3M | Reduce -7.4% |
| LNT Alliant Energy Corp. | 1.88% | 3,831,399 | $195.0M | Add +15.4% |
| MSI Motorola Solutions Inc. | 1.85% | 494,963 | $191.1M | Reduce -1.2% |
| VZ Verizon Communications Inc. | 1.83% | 4,593,086 | $189.4M | Add +14.7% |
| NVT Nvent Electric PLC | 1.79% | 2,416,977 | $185.2M | Reduce -8.1% |
| V Visa Inc. Class A | 1.74% | 686,966 | $180.3M | Add +9.5% |
| JNJ Johnson & Johnson | 1.67% | 1,181,725 | $172.7M | Reduce -2.9% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.62% | 2,179,374 | $167.7M | Add +1.4% |
| FAST Fastenal Co. | 1.62% | 2,663,313 | $167.4M | Reduce -1.1% |
| HRL Hormel Foods Corp. | 1.50% | 5,075,509 | $154.8M | Reduce -8.5% |
| WFC Wells Fargo & Co. | 1.38% | 2,406,731 | $142.9M | Reduce -9.8% |
| SHW The Sherwin-Williams Co. | 1.33% | 459,953 | $137.3M | Reduce -0.2% |
| HON Honeywell International Inc. | 1.27% | 617,330 | $131.8M | Reduce -7.1% |
| ENTG Entegris Inc. | 1.22% | 932,538 | $126.3M | Reduce -1.6% |
| TNC Tennant Co. | 1.14% | 1,194,609 | $117.6M | Add +2.1% |
| ABT Abbott Laboratories | 1.10% | 1,092,796 | $113.6M | Reduce -12.6% |
| ROK Rockwell Automation Inc. | 1.07% | 402,373 | $110.8M | Add +5.1% |
| DCI Donaldson Co. Inc. | 1.04% | 1,498,820 | $107.3M | Reduce -6.4% |
| SCHW Schwab (charles) Corp. | 0.97% | 1,367,378 | $100.8M | Reduce -1.4% |
| PFG Principal Financial Group | 0.92% | 1,207,976 | $94.8M | Reduce -1.7% |
| SYY Sysco Corp. | 0.78% | 1,124,295 | $80.3M | Reduce -11.4% |
| TGT Target Corp. | 0.65% | 455,295 | $67.4M | Reduce -0.8% |
| CRM Salesforce Inc. | 0.64% | 256,559 | $66.0M | Reduce -3.9% |
| BBY Best Buy Co. Inc. | 0.61% | 744,615 | $62.8M | Add +7.5% |
| PIPR Piper Sandler Cos | 0.58% | 262,302 | $60.4M | Add +1.1% |
| CHRW C.H. Robinson Worldwide Inc. | 0.58% | 678,810 | $59.8M | Reduce -1.9% |
| WK Workiva Inc. | 0.55% | 783,410 | $57.2M | Add +3.5% |
| HD Home Depot Inc. | 0.54% | 163,637 | $56.3M | Reduce -3.2% |
| CASY Casey's General Stores Inc. | 0.53% | 143,490 | $54.8M | Add +4.2% |
| AXP American Express Co. | 0.51% | 227,516 | $52.7M | Reduce -3.0% |
| TXN Texas Instruments Inc. | 0.41% | 219,368 | $42.7M | Add +6.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 355,626 | $35.3M | Reduce -6.4% |
| PG The Procter & Gamble Co. | 0.29% | 181,594 | $29.9M | Reduce -4.3% |
| PII Polaris Inc. | 0.27% | 361,645 | $28.3M | Reduce -1.1% |
| ULTA Ulta Beauty Inc. | 0.27% | 72,994 | $28.2M | Add +12.7% |
| ADP Automatic Data Processing | 0.25% | 106,616 | $25.4M | Add +10.8% |
| ONB Old National Bancorp | 0.24% | 1,473,316 | $25.3M | No change |
| GNRC Generac Holdings Inc. | 0.24% | 190,653 | $25.2M | Reduce -4.8% |
| BMI Badger Meter Inc. | 0.23% | 128,205 | $23.9M | Reduce -4.0% |
| MMM 3M Co. | 0.21% | 216,632 | $22.1M | Reduce -2.8% |
| HSY The Hershey Co. | 0.19% | 107,398 | $19.7M | Reduce -5.5% |
| XEL Xcel Energy Inc. | 0.19% | 359,756 | $19.2M | Reduce -1.3% |
| TRV The Travelers Cos Inc. | 0.16% | 79,090 | $16.1M | Add +1.8% |
| UPS United Parcel Service Class B | 0.15% | 109,976 | $15.1M | Reduce -22.7% |
| AIR Aar Corp. | 0.13% | 178,119 | $12.9M | Reduce -11.3% |
| ALTR Altair Engineering Inc. Class A | 0.12% | 130,908 | $12.8M | Reduce -5.7% |
| HUBG Hub Group Inc. Class A | 0.12% | 292,839 | $12.6M | Reduce -1.3% |
| MEDP Medpace Holdings Inc. | 0.11% | 28,809 | $11.9M | Add +0.1% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.11% | 122,627 | $11.6M | Add +9.3% |
| AZEK The Azek Co. Inc. | 0.11% | 262,415 | $11.1M | Reduce -6.4% |
| META Meta Platforms Inc. Class A | 0.11% | 21,592 | $10.9M | Add +26.6% |
| CLFD Clearfield Inc. | 0.10% | 281,696 | $10.9M | Add +8.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.10% | 26,379 | $10.7M | Reduce -0.3% |
| PLXS Plexus Corp. | 0.10% | 99,562 | $10.3M | Add +0.4% |
| WTFC Wintrust Financial Corp. | 0.10% | 100,705 | $9.9M | Reduce -16.9% |
| MGPI MGP Ingredients Inc. | 0.09% | 130,228 | $9.7M | Add +23.7% |
| THRM Gentherm Inc. | 0.09% | 183,998 | $9.1M | Reduce -3.8% |
| ASB Associated Banc-Corp. | 0.09% | 420,295 | $8.9M | Reduce -11.4% |
| CFR Cullen/Frost Bankers Inc. | 0.09% | 87,066 | $8.8M | Reduce -11.4% |
| AMP Ameriprise Financial Inc. | 0.09% | 20,633 | $8.8M | Add +200.6% |
| INSP Inspire Medical Systems Inc. | 0.08% | 63,833 | $8.5M | Add +7.8% |
| GIS General Mills Inc. | 0.08% | 132,536 | $8.4M | Reduce -4.1% |
| KNF Knife River Corp. | 0.08% | 118,150 | $8.3M | Add +8.1% |
| QCRH QCR Holdings Inc. | 0.08% | 136,408 | $8.2M | Reduce -13.5% |
| ABBV Abbvie Inc. | 0.08% | 46,351 | $8.0M | Add +6.2% |
| BKH Black Hills Corp. | 0.07% | 140,715 | $7.7M | Add +0.1% |
| EMR Emerson Electric Co. | 0.07% | 68,718 | $7.6M | Reduce -3.6% |
| GBCI Glacier Bancorp Inc. | 0.07% | 195,440 | $7.3M | Reduce -9.1% |
| NWE Northwestern Energy Group Inc. | 0.07% | 137,385 | $6.9M | Add +0.1% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.07% | 411,644 | $6.8M | Reduce -7.7% |
| MRK Merck & Co. Inc. | 0.07% | 54,851 | $6.8M | Reduce -3.8% |
| NEOG Neogen Corp. | 0.06% | 391,857 | $6.1M | Add +13.8% |
| PANW Palo Alto Networks Inc. | 0.06% | 17,173 | $5.8M | Add +0.9% |
| CAT Caterpillar Inc. | 0.06% | 17,088 | $5.7M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 0.05% | 30,799 | $5.6M | Reduce -5.1% |
| PNR Pentair PLC | 0.05% | 72,900 | $5.6M | Reduce -20.3% |
| SCHB Schwab US Broad Market ETF | 0.05% | 87,852 | $5.5M | Reduce -1.6% |
| OSK Oshkosh Corp. | 0.05% | 50,465 | $5.5M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.05% | 8,893 | $4.8M | Add +60.8% |
| MCD McDonald's Corp. | 0.04% | 16,431 | $4.2M | Add +21.8% |
| XOM Exxon Mobil Corp. | 0.04% | 36,251 | $4.2M | Add +18.0% |
| GLW Corning Inc. | 0.04% | 107,055 | $4.2M | Reduce -14.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.04% | 6 | $3.7M | No change |
| CVX Chevron Corp. | 0.03% | 22,595 | $3.5M | Reduce -7.2% |
Portfolio Sells Q1 2024 → Q2 2024
| USB US Bancorp | Reduce -11.8% | 1.98% | −0.55 |
| GGG Graco Inc. | Reduce -0.8% | 2.88% | −0.55 |
| FAST Fastenal Co. | Reduce -1.1% | 1.62% | −0.39 |
| HRL Hormel Foods Corp. | Reduce -8.5% | 1.50% | −0.38 |
| ECL Ecolab Inc. | Reduce -15.8% | 1.92% | −0.30 |
| MDT Medtronic PLC | Reduce -1.6% | 2.24% | −0.28 |
| ABT Abbott Laboratories | Reduce -12.6% | 1.10% | −0.28 |
| FISV Fiserv Inc. | Reduce -0.9% | 2.72% | −0.23 |
| SHW The Sherwin-Williams Co. | Reduce -0.2% | 1.33% | −0.22 |
| SYY Sysco Corp. | Reduce -11.4% | 0.78% | −0.22 |
| JNJ Johnson & Johnson | Reduce -2.9% | 1.67% | −0.19 |
| CRM Salesforce Inc. | Reduce -3.9% | 0.64% | −0.14 |
| TGT Target Corp. | Reduce -0.8% | 0.65% | −0.14 |
| NVT Nvent Electric PLC | Reduce -8.1% | 1.79% | −0.13 |
| DCI Donaldson Co. Inc. | Reduce -6.4% | 1.04% | −0.12 |
| TECH Bio-Techne Corp. | Reduce -7.4% | 1.90% | −0.12 |
| WFC Wells Fargo & Co. | Reduce -9.8% | 1.38% | −0.12 |
| PFG Principal Financial Group | Reduce -1.7% | 0.92% | −0.11 |
| DIS The Walt Disney Co. | Reduce -6.4% | 0.34% | −0.11 |
| HD Home Depot Inc. | Reduce -3.2% | 0.54% | −0.08 |
| PII Polaris Inc. | Reduce -1.1% | 0.27% | −0.08 |
| NTRS Northern Trust Corp. | Reduce -86.3% | 0.01% | −0.07 |
| ENTG Entegris Inc. | Reduce -1.6% | 1.22% | −0.07 |
| UPS United Parcel Service Class B | Reduce -22.7% | 0.15% | −0.06 |
| HON Honeywell International Inc. | Reduce -7.1% | 1.27% | −0.05 |
| AZEK The Azek Co. Inc. | Reduce -6.4% | 0.11% | −0.03 |
| WTFC Wintrust Financial Corp. | Reduce -16.9% | 0.10% | −0.03 |
| MCS Marcus Corporation | Sold out | 0.00% | −0.02 |
| HSY The Hershey Co. | Reduce -5.5% | 0.19% | −0.02 |
| CFR Cullen/Frost Bankers Inc. | Reduce -11.4% | 0.09% | −0.02 |
| PNR Pentair PLC | Reduce -20.3% | 0.05% | −0.02 |
| THRM Gentherm Inc. | Reduce -3.8% | 0.09% | −0.02 |
| MMM 3M Co. | Reduce -2.8% | 0.21% | −0.02 |
| ORCL Oracle Corp. | Reduce -49.7% | 0.02% | −0.01 |
| QCRH QCR Holdings Inc. | Reduce -13.5% | 0.08% | −0.01 |
| JAMF Jamf Holding Corp. | Reduce -7.7% | 0.07% | −0.01 |
| BAX Baxter International Inc. | Reduce -23.7% | 0.02% | −0.01 |
| GBCI Glacier Bancorp Inc. | Reduce -9.1% | 0.07% | −0.01 |
| ASB Associated Banc-Corp. | Reduce -11.4% | 0.09% | −0.01 |
| GIS General Mills Inc. | Reduce -4.1% | 0.08% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -36.8% | 0.01% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -4.3% | 0.29% | −0.01 |
| INTC Intel Corp. | Reduce -19.4% | 0.01% | −0.01 |
| AXP American Express Co. | Reduce -3.0% | 0.51% | −0.01 |
| OSK Oshkosh Corp. | Reduce -0.0% | 0.05% | −0.01 |
| ALRS Alerus Financial Corp. | Reduce -21.2% | 0.02% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -3.8% | 0.07% | −0.01 |
| CAT Caterpillar Inc. | Reduce -2.0% | 0.06% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -47.1% | 0.01% | −0.01 |
| PFE Pfizer Inc. | Reduce -17.5% | 0.03% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +36.4% | 2.65% | +1.07 |
| LNT Alliant Energy Corp. | Add +15.4% | 1.88% | +0.26 |
| UNH Unitedhealth Group Inc. | Add +3.5% | 4.16% | +0.25 |
| VZ Verizon Communications Inc. | Add +14.7% | 1.83% | +0.20 |
| CASY Casey's General Stores Inc. | Add +4.2% | 0.53% | +0.10 |
| PIPR Piper Sandler Cos | Add +1.1% | 0.58% | +0.08 |
| TXN Texas Instruments Inc. | Add +6.6% | 0.41% | +0.07 |
| BBY Best Buy Co. Inc. | Add +7.5% | 0.61% | +0.06 |
| AMP Ameriprise Financial Inc. | Add +200.6% | 0.09% | +0.06 |
| TTC Toro Co. | Add +0.1% | 2.93% | +0.05 |
| V Visa Inc. Class A | Add +9.5% | 1.74% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 3.37% | +0.04 |
| CLFD Clearfield Inc. | Add +8.7% | 0.10% | +0.03 |
| META Meta Platforms Inc. Class A | Add +26.6% | 0.11% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +60.8% | 0.05% | +0.02 |
| ADP Automatic Data Processing | Add +10.8% | 0.25% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +0.9% | 0.06% | +0.01 |
| PLXS Plexus Corp. | Add +0.4% | 0.10% | +0.01 |
| NEOG Neogen Corp. | Add +13.8% | 0.06% | +0.01 |
| MGPI MGP Ingredients Inc. | Add +23.7% | 0.09% | +0.01 |
| XOM Exxon Mobil Corp. | Add +18.0% | 0.04% | +0.01 |
| MDY State Street SPDR S&P Midcap | New | 0.01% | +0.01 |
| NEE Nextera Energy Inc. | Add +150.1% | 0.01% | +0.00 |
| MCD McDonald's Corp. | Add +21.8% | 0.04% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.00% | +0.00 |
| HPQ HP Inc. | New | 0.00% | +0.00 |
| MEDP Medpace Holdings Inc. | Add +0.1% | 0.11% | +0.00 |
| RF Regions Financial Corp. | New | 0.00% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.00% | +0.00 |
| RTX RTX Corp. | Add +22.0% | 0.01% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +72.6% | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +12.8% | 0.00% | +0.00 |
| ADBE Adobe Inc. | Add +2.0% | 0.01% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +17.5% | 0.01% | +0.00 |
| GEV GE Vernova Inc. | Add +13.9% | 0.00% | +0.00 |
| GE General Electric | Add +14.1% | 0.01% | +0.00 |
| T AT&T Inc. | Add +0.8% | 0.00% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +12.4% | 0.00% | +0.00 |
| BA The Boeing Co. | Add +10.5% | 0.00% | +0.00 |
| DOC Healthpeak Properties Inc. | Add +0.4% | 0.00% | +0.00 |
| WM Waste Management Inc. | Add +11.4% | 0.00% | +0.00 |
| MO Altria Group Inc. | Add +0.1% | 0.00% | +0.00 |
| AMD Advanced Micro Devices | Add +10.9% | 0.00% | 0.00 |
| WEC WEC Energy Group Inc. | Add +5.0% | 0.00% | 0.00 |
| ABBV Abbvie Inc. | Add +6.2% | 0.08% | −0.00 |
| EXAS Exact Sciences Corp. | Add +61.2% | 0.02% | −0.00 |
| BKH Black Hills Corp. | Add +0.1% | 0.07% | −0.00 |
| NWE Northwestern Energy Group Inc. | Add +0.1% | 0.07% | −0.00 |
| CVRX CVRX Inc. | Add +39.8% | 0.02% | −0.00 |
| JBTM JBT Marel Corp. | Add +9.3% | 0.11% | −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 |