Mairs & Power Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Mairs & Power Inc. reported 221 stock positions worth $9.6 billion. Its top holding was Microsoft (MSFT) at 7.8% of the portfolio, followed by Nvidia (NVDA, 6.5%) and Unitedhealth (UNH, 4.9%). Compared with Q4 2024, it opened 8 new positions, sold out of 16, added to 54 and reduced 118. The biggest buy was WEC Energy (WEC, shares +82%) and the biggest sale Nvidia (NVDA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- St Paul, MN
- CIK
- 0001070134
- Portfolio Value
- $9.6B (Q1 2025)
- SEC Filing
- 0001172661-25-002089 ↗ filed May 15, 2025
Holdings Value
Holdings 221 stocks · $9.6B
| MSFT Microsoft Corp. | 7.80% | 1,996,217 | $749.4M | Add +1.4% |
| NVDA Nvidia Corp. | 6.54% | 5,801,914 | $628.8M | Reduce -1.4% |
| UNH Unitedhealth Group Inc. | 4.94% | 906,654 | $474.9M | Add +4.4% |
| AMZN Amazon.com Inc. | 4.75% | 2,397,617 | $456.2M | Add +1.4% |
| JPM JPMorgan Chase & Co. | 4.24% | 1,662,770 | $407.9M | Reduce -3.0% |
| FISV Fiserv Inc. | 3.95% | 1,717,557 | $379.3M | Reduce -8.2% |
| GGG Graco Inc. | 3.41% | 3,924,283 | $327.7M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 3.33% | 2,048,093 | $320.0M | Reduce -5.9% |
| LLY Eli Lilly & Co. | 3.13% | 364,793 | $301.3M | Add +7.5% |
| AAPL Apple Inc. | 3.13% | 1,355,592 | $301.1M | Add +0.1% |
| V Visa Inc. Class A | 3.01% | 824,113 | $288.8M | Reduce -1.3% |
| TTC Toro Co. | 2.76% | 3,651,436 | $265.6M | Add +1.6% |
| MSI Motorola Solutions Inc. | 2.18% | 477,605 | $209.1M | Reduce -1.4% |
| FAST Fastenal Co. | 2.17% | 2,689,855 | $208.6M | Reduce -0.7% |
| ECL Ecolab Inc. | 2.04% | 773,186 | $196.0M | Reduce -1.3% |
| LNT Alliant Energy Corp. | 2.04% | 3,044,638 | $195.9M | Reduce -22.2% |
| LFUS Littelfuse Inc. | 1.81% | 883,427 | $173.8M | Add +0.9% |
| JNJ Johnson & Johnson | 1.72% | 999,021 | $165.7M | Reduce -2.6% |
| SHW The Sherwin-Williams Co. | 1.71% | 471,331 | $164.6M | Reduce -2.2% |
| WFC Wells Fargo & Co. | 1.63% | 2,184,792 | $156.8M | Reduce -5.4% |
| VZ Verizon Communications Inc. | 1.62% | 3,428,852 | $155.5M | Reduce -0.6% |
| TECH Bio-Techne Corp. | 1.62% | 2,651,793 | $155.5M | Reduce -0.8% |
| WEC WEC Energy Group Inc. | 1.58% | 1,389,081 | $151.4M | Add +81.9% |
| QCOM Qualcomm Inc. | 1.52% | 949,922 | $145.9M | Reduce -27.9% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.43% | 2,440,392 | $137.0M | Add +10.4% |
| ABT Abbott Laboratories | 1.40% | 1,016,988 | $134.9M | Reduce -5.6% |
| HRL Hormel Foods Corp. | 1.38% | 4,271,793 | $132.2M | Add +0.3% |
| NVT Nvent Electric PLC | 1.28% | 2,352,460 | $123.3M | Reduce -0.4% |
| TNC Tennant Co. | 1.18% | 1,421,410 | $113.4M | Add +0.1% |
| ROK Rockwell Automation Inc. | 1.13% | 418,461 | $108.1M | Reduce -0.1% |
| CHRW C.H. Robinson Worldwide Inc. | 0.92% | 865,898 | $88.7M | Add +1.4% |
| USB US Bancorp | 0.91% | 2,067,615 | $87.3M | Reduce -50.8% |
| ENTG Entegris Inc. | 0.85% | 938,193 | $82.1M | Reduce -0.0% |
| DCI Donaldson Co. Inc. | 0.78% | 1,120,149 | $75.1M | Reduce -14.5% |
| KHC The Kraft Heinz Co. | 0.75% | 2,372,182 | $72.2M | Add +71.1% |
| CRM Salesforce Inc. | 0.71% | 254,855 | $68.4M | Add +5.6% |
| PFG Principal Financial Group | 0.70% | 791,944 | $66.8M | Reduce -3.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.69% | 397,657 | $66.0M | New |
| HON Honeywell International Inc. | 0.68% | 308,951 | $65.4M | Reduce -13.1% |
| PIPR Piper Sandler Cos | 0.63% | 244,607 | $60.6M | Add +1.2% |
| CASY Casey's General Stores Inc. | 0.61% | 134,486 | $58.4M | Reduce -2.4% |
| HD Home Depot Inc. | 0.59% | 154,687 | $56.7M | Reduce -3.8% |
| WK Workiva Inc. | 0.58% | 738,824 | $56.1M | Add +0.7% |
| BBY Best Buy Co. Inc. | 0.58% | 751,028 | $55.3M | Add +0.7% |
| AXP American Express Co. | 0.54% | 193,117 | $52.0M | Reduce -8.4% |
| MDT Medtronic PLC | 0.50% | 538,183 | $48.4M | Reduce -30.6% |
| TGT Target Corp. | 0.46% | 423,125 | $44.2M | Reduce -5.3% |
| TXN Texas Instruments Inc. | 0.43% | 228,037 | $41.0M | Reduce -0.8% |
| SCHW Schwab (charles) Corp. | 0.41% | 507,197 | $39.7M | Reduce -53.8% |
| ADP Automatic Data Processing | 0.34% | 108,160 | $33.0M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 314,821 | $31.1M | Reduce -4.2% |
| MMM 3M Co. | 0.30% | 198,112 | $29.1M | Reduce -1.2% |
| PG The Procter & Gamble Co. | 0.29% | 161,279 | $27.5M | Reduce -6.2% |
| XEL Xcel Energy Inc. | 0.28% | 374,314 | $26.5M | Reduce -0.3% |
| ULTA Ulta Beauty Inc. | 0.28% | 72,148 | $26.4M | Add +0.5% |
| CLFD Clearfield Inc. | 0.26% | 852,220 | $25.3M | Add +103.3% |
| SYY Sysco Corp. | 0.26% | 328,741 | $24.7M | Reduce -19.7% |
| BMI Badger Meter Inc. | 0.23% | 115,890 | $22.0M | Reduce -4.9% |
| GNRC Generac Holdings Inc. | 0.20% | 153,397 | $19.4M | Reduce -8.5% |
| TRV The Travelers Cos Inc. | 0.19% | 69,593 | $18.4M | Reduce -6.2% |
| ONB Old National Bancorp | 0.19% | 846,566 | $17.9M | Reduce -11.0% |
| META Meta Platforms Inc. Class A | 0.15% | 25,507 | $14.7M | Reduce -3.1% |
| AMP Ameriprise Financial Inc. | 0.14% | 27,633 | $13.4M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 24,604 | $13.1M | Reduce -5.3% |
| AZEK The Azek Co. Inc. | 0.13% | 252,086 | $12.3M | Reduce -11.4% |
| JBTM JBT Marel Corp. | 0.13% | 99,128 | $12.1M | Reduce -24.0% |
| HSY The Hershey Co. | 0.12% | 67,845 | $11.6M | Reduce -13.4% |
| KNF Knife River Corp. | 0.12% | 127,020 | $11.5M | Add +0.1% |
| INSP Inspire Medical Systems Inc. | 0.12% | 70,776 | $11.3M | Add +9.4% |
| HUBG Hub Group Inc. Class A | 0.11% | 279,149 | $10.4M | Reduce -1.5% |
| AIR Aar Corp. | 0.10% | 180,032 | $10.1M | Reduce -4.2% |
| MEDP Medpace Holdings Inc. | 0.10% | 32,433 | $9.9M | Add +0.1% |
| ABBV Abbvie Inc. | 0.09% | 41,962 | $8.8M | Reduce -8.3% |
| QCRH QCR Holdings Inc. | 0.09% | 120,013 | $8.6M | Add +0.1% |
| PLXS Plexus Corp. | 0.08% | 62,470 | $8.0M | Reduce -23.7% |
| BKH Black Hills Corp. | 0.08% | 124,950 | $7.6M | Reduce -11.0% |
| ASB Associated Banc-Corp. | 0.08% | 333,716 | $7.5M | Reduce -9.0% |
| CFR Cullen/Frost Bankers Inc. | 0.08% | 59,920 | $7.5M | Reduce -18.4% |
| WTFC Wintrust Financial Corp. | 0.08% | 65,375 | $7.4M | Reduce -24.1% |
| NWE Northwestern Energy Group Inc. | 0.07% | 123,885 | $7.2M | Reduce -9.6% |
| GIS General Mills Inc. | 0.07% | 109,206 | $6.5M | Reduce -11.3% |
| EMR Emerson Electric Co. | 0.07% | 59,065 | $6.5M | Reduce -7.5% |
| GBCI Glacier Bancorp Inc. | 0.06% | 128,805 | $5.7M | Reduce -15.2% |
| SCHB Schwab US Broad Market ETF | 0.06% | 261,246 | $5.6M | No change |
| PNR Pentair PLC | 0.06% | 62,510 | $5.5M | Reduce -4.2% |
| CAT Caterpillar Inc. | 0.06% | 16,553 | $5.5M | Reduce -0.8% |
| UPS United Parcel Service Class B | 0.06% | 48,467 | $5.3M | Reduce -24.9% |
| PANW Palo Alto Networks Inc. | 0.05% | 30,191 | $5.2M | Add +2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.05% | 8,944 | $5.0M | Reduce -0.8% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 0.05% | 399,234 | $4.9M | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.05% | 6 | $4.8M | No change |
| MRK Merck & Co. Inc. | 0.05% | 53,159 | $4.8M | Reduce -1.4% |
| MGPI MGP Ingredients Inc. | 0.05% | 161,568 | $4.7M | Add +6.0% |
| MCD McDonald's Corp. | 0.04% | 13,325 | $4.2M | Reduce -18.6% |
| GLW Corning Inc. | 0.04% | 89,245 | $4.1M | Reduce -3.3% |
| THRM Gentherm Inc. | 0.04% | 151,992 | $4.1M | Reduce -19.9% |
| OSK Oshkosh Corp. | 0.04% | 42,020 | $4.0M | Reduce -16.4% |
| NEOG Neogen Corp. | 0.04% | 455,289 | $3.9M | Reduce -2.5% |
| LTH Life Time Group Holdings Inc. | 0.04% | 125,470 | $3.8M | Add +12.8% |
| GOOGL Alphabet Inc. Class A | 0.04% | 23,787 | $3.7M | Reduce -8.1% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -1.4% | 6.54% | −1.10 |
| USB US Bancorp | Reduce -50.8% | 0.91% | −1.04 |
| GOOG Alphabet Inc. Class C | Reduce -5.9% | 3.33% | −0.68 |
| QCOM Qualcomm Inc. | Reduce -27.9% | 1.52% | −0.44 |
| SCHW Schwab (charles) Corp. | Reduce -53.8% | 0.41% | −0.37 |
| NVT Nvent Electric PLC | Reduce -0.4% | 1.28% | −0.27 |
| TECH Bio-Techne Corp. | Reduce -0.8% | 1.62% | −0.25 |
| LNT Alliant Energy Corp. | Reduce -22.2% | 2.04% | −0.20 |
| TGT Target Corp. | Reduce -5.3% | 0.46% | −0.13 |
| HON Honeywell International Inc. | Reduce -13.1% | 0.68% | −0.10 |
| MDT Medtronic PLC | Reduce -30.6% | 0.50% | −0.10 |
| DCI Donaldson Co. Inc. | Reduce -14.5% | 0.78% | −0.07 |
| AXP American Express Co. | Reduce -8.4% | 0.54% | −0.06 |
| GNRC Generac Holdings Inc. | Reduce -8.5% | 0.20% | −0.05 |
| SYY Sysco Corp. | Reduce -19.7% | 0.26% | −0.05 |
| ENTG Entegris Inc. | Reduce -0.0% | 0.85% | −0.05 |
| PLXS Plexus Corp. | Reduce -23.7% | 0.08% | −0.04 |
| JBTM JBT Marel Corp. | Reduce -24.0% | 0.13% | −0.03 |
| ROK Rockwell Automation Inc. | Reduce -0.1% | 1.13% | −0.03 |
| THRM Gentherm Inc. | Reduce -19.9% | 0.04% | −0.03 |
| DIS The Walt Disney Co. | Reduce -4.2% | 0.32% | −0.03 |
| WTFC Wintrust Financial Corp. | Reduce -24.1% | 0.08% | −0.03 |
| UPS United Parcel Service Class B | Reduce -24.9% | 0.06% | −0.02 |
| BMI Badger Meter Inc. | Reduce -4.9% | 0.23% | −0.02 |
| CFR Cullen/Frost Bankers Inc. | Reduce -18.4% | 0.08% | −0.02 |
| HD Home Depot Inc. | Reduce -3.8% | 0.59% | −0.02 |
| GBCI Glacier Bancorp Inc. | Reduce -15.2% | 0.06% | −0.01 |
| HUBG Hub Group Inc. Class A | Reduce -1.5% | 0.11% | −0.01 |
| NEOG Neogen Corp. | Reduce -2.5% | 0.04% | −0.01 |
| ONB Old National Bancorp | Reduce -11.0% | 0.19% | −0.01 |
| EMR Emerson Electric Co. | Reduce -7.5% | 0.07% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -8.1% | 0.04% | −0.01 |
| GIS General Mills Inc. | Reduce -11.3% | 0.07% | −0.01 |
| HSY The Hershey Co. | Reduce -13.4% | 0.12% | −0.01 |
| PNR Pentair PLC | Reduce -4.2% | 0.06% | −0.01 |
| AIR Aar Corp. | Reduce -4.2% | 0.10% | −0.01 |
| ASB Associated Banc-Corp. | Reduce -9.0% | 0.08% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -1.9% | 0.14% | −0.01 |
| MDY State Street SPDR S&P Midcap | Sold out | 0.00% | −0.01 |
| XLK SS Technology Select Sector | Reduce -34.2% | 0.01% | −0.01 |
| OSK Oshkosh Corp. | Reduce -16.4% | 0.04% | −0.01 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.00 |
| RSG Republic Services Inc. | Sold out | 0.00% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -25.9% | 0.03% | −0.00 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -56.2% | 0.00% | −0.00 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.00 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.00 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.00 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| WEC WEC Energy Group Inc. | Add +81.9% | 1.58% | +0.88 |
| UNH Unitedhealth Group Inc. | Add +4.4% | 4.94% | +0.69 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.69% | +0.69 |
| LLY Eli Lilly & Co. | Add +7.5% | 3.13% | +0.60 |
| KHC The Kraft Heinz Co. | Add +71.1% | 0.75% | +0.34 |
| CLFD Clearfield Inc. | Add +103.3% | 0.26% | +0.14 |
| HRL Hormel Foods Corp. | Add +0.3% | 1.38% | +0.08 |
| CHRW C.H. Robinson Worldwide Inc. | Add +1.4% | 0.92% | +0.07 |
| TNC Tennant Co. | Add +0.1% | 1.18% | +0.06 |
| CGNX Cognex Corp. | New | 0.02% | +0.02 |
| LTH Life Time Group Holdings Inc. | Add +12.8% | 0.04% | +0.02 |
| CWAN Clearwater Analytics HDS-A | Add +59.8% | 0.03% | +0.01 |
| EFA iShares MSCI Eafe ETF | New | 0.01% | +0.01 |
| CTAS Cintas Corp. | Add +12.6% | 0.04% | +0.01 |
| COP Conocophillips | Add +7.3% | 0.03% | +0.01 |
| PSX Phillips 66 | Add +26.8% | 0.01% | +0.00 |
| PII Polaris Inc. | Add +48.4% | 0.04% | +0.00 |
| KO The Coca-Cola Co. | Add +3.1% | 0.02% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.00% | +0.00 |
| BMY Bristol-Myers Squibb Co. | Add +1.5% | 0.02% | +0.00 |
| DHR Danaher Corp. | New | 0.00% | +0.00 |
| NEM Newmont Corp. | New | 0.00% | +0.00 |
| UNP Union Pacific Corp. | Add +7.1% | 0.01% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.00% | +0.00 |
| WMT Walmart Inc. | Add +13.4% | 0.01% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +47.9% | 0.01% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +2.8% | 0.05% | +0.00 |
| CSCO Cisco Systems Inc. | Add +5.3% | 0.01% | +0.00 |
| INSP Inspire Medical Systems Inc. | Add +9.4% | 0.12% | +0.00 |
| IBM Intl Business Machines Corp. | Add +23.5% | 0.00% | +0.00 |
| MRSH Marsh & McLennan Cos | Add +5.5% | 0.00% | +0.00 |
| NSC Norfolk Southern Corp. | Add +4.1% | 0.01% | +0.00 |
| HIMX Himax Technologies Inc.-ADR | New | 0.00% | +0.00 |
| WM Waste Management Inc. | Add +8.7% | 0.00% | +0.00 |
| OKLO Oklo Inc. | Add +10.8% | 0.00% | +0.00 |
| MO Altria Group Inc. | Add +0.1% | 0.00% | +0.00 |
| BA The Boeing Co. | Add +7.5% | 0.00% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +10.6% | 0.00% | +0.00 |
| RF Regions Financial Corp. | Add +8.3% | 0.00% | +0.00 |
| ACN Accenture PLC Class A | Add +13.4% | 0.00% | +0.00 |
| MSA Msa Safety Inc. | Add +1.4% | 0.00% | −0.00 |
| NKE Nike Inc. Class B | Add +7.7% | 0.00% | −0.00 |
| ADBE Adobe Inc. | Add +5.8% | 0.01% | −0.00 |
| MEDP Medpace Holdings Inc. | Add +0.1% | 0.10% | −0.00 |
| AVGO Broadcom Inc. | Add +4.0% | 0.01% | −0.00 |
| ORCL Oracle Corp. | Add +1.9% | 0.02% | −0.00 |
| JAMF Jamf Holding Corp. | Add +0.1% | 0.05% | −0.00 |
| QCRH QCR Holdings Inc. | Add +0.1% | 0.09% | −0.00 |
| EXAS Exact Sciences Corp. | Add +2.1% | 0.03% | −0.01 |
| KNF Knife River Corp. | Add +0.1% | 0.12% | −0.01 |
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 |