Mairs & Power Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Mairs & Power Inc. reported 235 stock positions worth $10.1 billion. Its top holding was Microsoft (MSFT) at 9.8% of the portfolio, followed by Nvidia (NVDA, 9.1%) and Amazon.com (AMZN, 5.4%). Compared with Q1 2025, it opened 23 new positions, sold out of 9, added to 100 and reduced 86. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale Apple (AAPL, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- St Paul, MN
- CIK
- 0001070134
- Portfolio Value
- $10.1B (Q2 2025)
- SEC Filing
- 0001172661-25-003391 ↗ filed Aug 14, 2025
Holdings Value
Holdings 235 stocks · $10.1B
| MSFT Microsoft Corp. | 9.84% | 2,004,808 | $997.2M | Add +0.4% |
| NVDA Nvidia Corp. | 9.07% | 5,812,871 | $918.4M | Add +0.2% |
| AMZN Amazon.com Inc. | 5.40% | 2,492,861 | $546.9M | Add +4.0% |
| JPM JPMorgan Chase & Co. | 4.30% | 1,500,966 | $435.1M | Reduce -9.7% |
| GGG Graco Inc. | 3.37% | 3,976,890 | $341.9M | Add +1.3% |
| UNH Unitedhealth Group Inc. | 3.26% | 1,057,160 | $329.8M | Add +16.6% |
| GOOG Alphabet Inc. Class C | 3.16% | 1,801,827 | $319.6M | Reduce -12.0% |
| FISV Fiserv Inc. | 2.95% | 1,732,621 | $298.7M | Add +0.9% |
| LLY Eli Lilly & Co. | 2.81% | 365,327 | $284.8M | Add +0.1% |
| V Visa Inc. Class A | 2.79% | 794,996 | $282.3M | Reduce -3.5% |
| TTC Toro Co. | 2.55% | 3,649,717 | $258.0M | Reduce -0.1% |
| AAPL Apple Inc. | 2.31% | 1,142,568 | $234.4M | Reduce -15.7% |
| FAST Fastenal Co. | 2.23% | 5,372,759 | $225.7M | Reduce -0.1% |
| ECL Ecolab Inc. | 2.10% | 788,929 | $212.6M | Add +2.0% |
| MSI Motorola Solutions Inc. | 1.97% | 475,106 | $199.8M | Reduce -0.5% |
| LFUS Littelfuse Inc. | 1.94% | 866,464 | $196.5M | Reduce -1.9% |
| LNT Alliant Energy Corp. | 1.82% | 3,042,142 | $184.0M | Reduce -0.1% |
| WFC Wells Fargo & Co. | 1.72% | 2,174,403 | $174.2M | Reduce -0.5% |
| NVT Nvent Electric PLC | 1.70% | 2,353,263 | $172.4M | Add +0.0% |
| META Meta Platforms Inc. Class A | 1.59% | 218,761 | $161.5M | Add +757.6% |
| SHW The Sherwin-Williams Co. | 1.56% | 460,613 | $158.2M | Reduce -2.3% |
| WEC WEC Energy Group Inc. | 1.54% | 1,492,528 | $155.5M | Add +7.5% |
| JNJ Johnson & Johnson | 1.52% | 1,010,469 | $154.3M | Add +1.1% |
| QCOM Qualcomm Inc. | 1.47% | 934,161 | $148.8M | Reduce -1.7% |
| VZ Verizon Communications Inc. | 1.46% | 3,413,917 | $147.7M | Reduce -0.4% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.45% | 2,448,249 | $147.3M | Add +0.3% |
| TECH Bio-Techne Corp. | 1.38% | 2,716,378 | $139.8M | Add +2.4% |
| ROK Rockwell Automation Inc. | 1.35% | 412,922 | $137.2M | Reduce -1.3% |
| HRL Hormel Foods Corp. | 1.26% | 4,220,403 | $127.7M | Reduce -1.2% |
| ABT Abbott Laboratories | 1.21% | 901,941 | $122.7M | Reduce -11.3% |
| TNC Tennant Co. | 1.03% | 1,352,658 | $104.8M | Reduce -4.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.00% | 446,826 | $101.2M | Add +12.4% |
| ENTG Entegris Inc. | 0.89% | 1,118,039 | $90.2M | Add +19.2% |
| CHRW C.H. Robinson Worldwide Inc. | 0.82% | 863,550 | $82.9M | Reduce -0.3% |
| CRM Salesforce Inc. | 0.68% | 253,841 | $69.2M | Reduce -0.4% |
| PIPR Piper Sandler Cos | 0.68% | 246,834 | $68.6M | Add +0.9% |
| HON Honeywell International Inc. | 0.67% | 293,197 | $68.3M | Reduce -5.1% |
| KHC The Kraft Heinz Co. | 0.61% | 2,381,893 | $61.5M | Add +0.4% |
| AXP American Express Co. | 0.60% | 189,988 | $60.6M | Reduce -1.6% |
| CASY Casey's General Stores Inc. | 0.57% | 113,916 | $58.1M | Reduce -15.3% |
| DCI Donaldson Co. Inc. | 0.57% | 829,505 | $57.5M | Reduce -25.9% |
| HD Home Depot Inc. | 0.56% | 154,173 | $56.5M | Reduce -0.3% |
| MMM 3M Co. | 0.52% | 344,366 | $52.4M | Add +73.8% |
| WK Workiva Inc. | 0.51% | 757,819 | $51.9M | Add +2.6% |
| USB US Bancorp | 0.48% | 1,070,161 | $48.4M | Reduce -48.2% |
| TXN Texas Instruments Inc. | 0.47% | 230,856 | $47.9M | Add +1.2% |
| MDT Medtronic PLC | 0.39% | 455,290 | $39.7M | Reduce -15.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.38% | 311,433 | $38.6M | Reduce -1.1% |
| CLFD Clearfield Inc. | 0.33% | 762,234 | $33.1M | Reduce -10.6% |
| ADP Automatic Data Processing | 0.31% | 101,383 | $31.3M | Reduce -6.3% |
| SCHW Schwab (charles) Corp. | 0.30% | 337,277 | $30.8M | Reduce -33.5% |
| TGT Target Corp. | 0.29% | 301,699 | $29.8M | Reduce -28.7% |
| PFG Principal Financial Group | 0.28% | 362,798 | $28.8M | Reduce -54.2% |
| IDA Idacorp Inc. | 0.28% | 244,510 | $28.2M | New |
| BMI Badger Meter Inc. | 0.27% | 111,377 | $27.3M | Reduce -3.9% |
| XEL Xcel Energy Inc. | 0.25% | 376,431 | $25.6M | Add +0.6% |
| PG The Procter & Gamble Co. | 0.25% | 156,286 | $24.9M | Reduce -3.1% |
| MEDP Medpace Holdings Inc. | 0.24% | 76,186 | $23.9M | Add +134.9% |
| TRV The Travelers Cos Inc. | 0.21% | 80,313 | $21.5M | Add +15.4% |
| SYY Sysco Corp. | 0.20% | 266,137 | $20.2M | Reduce -19.0% |
| GNRC Generac Holdings Inc. | 0.19% | 131,617 | $18.8M | Reduce -14.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 27,790 | $17.2M | Add +210.7% |
| ONB Old National Bancorp | 0.16% | 740,125 | $15.8M | Reduce -12.6% |
| AMP Ameriprise Financial Inc. | 0.15% | 28,008 | $14.9M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 26,092 | $12.7M | Add +6.0% |
| HSY The Hershey Co. | 0.11% | 67,015 | $11.1M | Reduce -1.2% |
| JBTM JBT Marel Corp. | 0.11% | 89,864 | $10.8M | Reduce -9.3% |
| AIR Aar Corp. | 0.11% | 156,076 | $10.7M | Reduce -13.3% |
| KNF Knife River Corp. | 0.09% | 113,916 | $9.3M | Reduce -10.3% |
| HUBG Hub Group Inc. Class A | 0.09% | 277,099 | $9.3M | Reduce -0.7% |
| EMR Emerson Electric Co. | 0.09% | 68,668 | $9.2M | Add +16.3% |
| INSP Inspire Medical Systems Inc. | 0.09% | 67,804 | $8.8M | Reduce -4.2% |
| ABBV Abbvie Inc. | 0.09% | 47,073 | $8.7M | Add +12.2% |
| PANW Palo Alto Networks Inc. | 0.08% | 40,931 | $8.4M | Add +35.6% |
| QCRH QCR Holdings Inc. | 0.08% | 117,624 | $8.0M | Reduce -2.0% |
| PLXS Plexus Corp. | 0.08% | 56,533 | $7.6M | Reduce -9.5% |
| CAT Caterpillar Inc. | 0.07% | 19,361 | $7.5M | Add +17.0% |
| ASB Associated Banc-Corp. | 0.07% | 297,935 | $7.3M | Reduce -10.7% |
| PNR Pentair PLC | 0.06% | 62,413 | $6.4M | Reduce -0.2% |
| WTFC Wintrust Financial Corp. | 0.06% | 50,680 | $6.3M | Reduce -22.5% |
| SCHB Schwab US Broad Market ETF | 0.06% | 261,246 | $6.2M | No change |
| GIS General Mills Inc. | 0.06% | 119,611 | $6.2M | Add +9.5% |
| BKH Black Hills Corp. | 0.06% | 109,398 | $6.1M | Reduce -12.4% |
| SOLV Solventum Corp. | 0.06% | 74,000 | $5.6M | Add +111.2% |
| CFR Cullen/Frost Bankers Inc. | 0.06% | 43,428 | $5.6M | Reduce -27.5% |
| NWE Northwestern Energy Group Inc. | 0.05% | 102,928 | $5.3M | Reduce -16.9% |
| MGPI MGP Ingredients Inc. | 0.05% | 175,774 | $5.3M | Add +8.8% |
| BBY Best Buy Co. Inc. | 0.05% | 78,266 | $5.3M | Reduce -89.6% |
| MCD McDonald's Corp. | 0.05% | 17,976 | $5.3M | Add +34.9% |
| GLW Corning Inc. | 0.05% | 93,220 | $4.9M | Add +4.5% |
| PII Polaris Inc. | 0.05% | 113,536 | $4.6M | Add +34.8% |
| LTH Life Time Group Holdings Inc. | 0.05% | 151,215 | $4.6M | Add +20.5% |
| MRK Merck & Co. Inc. | 0.04% | 56,871 | $4.5M | Add +7.0% |
| MINN Mairs & Power MN Muni Bond | 0.04% | 206,186 | $4.5M | New |
| OSK Oshkosh Corp. | 0.04% | 37,790 | $4.3M | Reduce -10.1% |
| UPS United Parcel Service Class B | 0.04% | 42,312 | $4.3M | Reduce -12.7% |
| GBCI Glacier Bancorp Inc. | 0.04% | 98,971 | $4.3M | Reduce -23.2% |
| GOOGL Alphabet Inc. Class A | 0.04% | 23,877 | $4.2M | Add +0.4% |
| CGNX Cognex Corp. | 0.04% | 129,777 | $4.1M | Add +104.8% |
| THRM Gentherm Inc. | 0.04% | 142,939 | $4.0M | Reduce -6.0% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -15.7% | 2.31% | −0.82 |
| BBY Best Buy Co. Inc. | Reduce -89.6% | 0.05% | −0.52 |
| USB US Bancorp | Reduce -48.2% | 0.48% | −0.43 |
| PFG Principal Financial Group | Reduce -54.2% | 0.28% | −0.41 |
| ULTA Ulta Beauty Inc. | Reduce -93.7% | 0.02% | −0.25 |
| LNT Alliant Energy Corp. | Reduce -0.1% | 1.82% | −0.22 |
| V Visa Inc. Class A | Reduce -3.5% | 2.79% | −0.22 |
| TTC Toro Co. | Reduce -0.1% | 2.55% | −0.22 |
| DCI Donaldson Co. Inc. | Reduce -25.9% | 0.57% | −0.21 |
| MSI Motorola Solutions Inc. | Reduce -0.5% | 1.97% | −0.20 |
| ABT Abbott Laboratories | Reduce -11.3% | 1.21% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -12.0% | 3.16% | −0.17 |
| TGT Target Corp. | Reduce -28.7% | 0.29% | −0.17 |
| VZ Verizon Communications Inc. | Reduce -0.4% | 1.46% | −0.16 |
| SHW The Sherwin-Williams Co. | Reduce -2.3% | 1.56% | −0.15 |
| TNC Tennant Co. | Reduce -4.8% | 1.03% | −0.14 |
| AZEK The Azek Co. Inc. | Reduce -90.5% | 0.01% | −0.12 |
| HRL Hormel Foods Corp. | Reduce -1.2% | 1.26% | −0.12 |
| MDT Medtronic PLC | Reduce -15.4% | 0.39% | −0.11 |
| SCHW Schwab (charles) Corp. | Reduce -33.5% | 0.30% | −0.11 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -0.3% | 0.82% | −0.10 |
| SYY Sysco Corp. | Reduce -19.0% | 0.20% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -1.7% | 1.47% | −0.05 |
| NEOG Neogen Corp. | Sold out | 0.00% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -3.1% | 0.25% | −0.04 |
| ADP Automatic Data Processing | Reduce -6.3% | 0.31% | −0.04 |
| CASY Casey's General Stores Inc. | Reduce -15.3% | 0.57% | −0.03 |
| HD Home Depot Inc. | Reduce -0.3% | 0.56% | −0.03 |
| ONB Old National Bancorp | Reduce -12.6% | 0.16% | −0.03 |
| INSP Inspire Medical Systems Inc. | Reduce -4.2% | 0.09% | −0.03 |
| CRM Salesforce Inc. | Reduce -0.4% | 0.68% | −0.03 |
| KNF Knife River Corp. | Reduce -10.3% | 0.09% | −0.03 |
| CFR Cullen/Frost Bankers Inc. | Reduce -27.5% | 0.06% | −0.02 |
| NWE Northwestern Energy Group Inc. | Reduce -16.9% | 0.05% | −0.02 |
| JBTM JBT Marel Corp. | Reduce -9.3% | 0.11% | −0.02 |
| BKH Black Hills Corp. | Reduce -12.4% | 0.06% | −0.02 |
| GBCI Glacier Bancorp Inc. | Reduce -23.2% | 0.04% | −0.02 |
| HUBG Hub Group Inc. Class A | Reduce -0.7% | 0.09% | −0.02 |
| GNRC Generac Holdings Inc. | Reduce -14.2% | 0.19% | −0.02 |
| WTFC Wintrust Financial Corp. | Reduce -22.5% | 0.06% | −0.01 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -16.7% | 0.04% | −0.01 |
| UPS United Parcel Service Class B | Reduce -12.7% | 0.04% | −0.01 |
| HSY The Hershey Co. | Reduce -1.2% | 0.11% | −0.01 |
| QCRH QCR Holdings Inc. | Reduce -2.0% | 0.08% | −0.01 |
| COP Conocophillips | Reduce -8.5% | 0.03% | −0.01 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.01 |
| PLXS Plexus Corp. | Reduce -9.5% | 0.08% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.01 |
| HON Honeywell International Inc. | Reduce -5.1% | 0.67% | −0.01 |
| ASB Associated Banc-Corp. | Reduce -10.7% | 0.07% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +0.2% | 9.07% | +2.52 |
| MSFT Microsoft Corp. | Add +0.4% | 9.84% | +2.05 |
| META Meta Platforms Inc. Class A | Add +757.6% | 1.59% | +1.44 |
| AMZN Amazon.com Inc. | Add +4.0% | 5.40% | +0.65 |
| NVT Nvent Electric PLC | Add +0.0% | 1.70% | +0.42 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.4% | 1.00% | +0.31 |
| IDA Idacorp Inc. | New | 0.28% | +0.28 |
| MMM 3M Co. | Add +73.8% | 0.52% | +0.21 |
| MEDP Medpace Holdings Inc. | Add +134.9% | 0.24% | +0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +210.7% | 0.17% | +0.12 |
| ECL Ecolab Inc. | Add +2.0% | 2.10% | +0.06 |
| PIPR Piper Sandler Cos | Add +0.9% | 0.68% | +0.05 |
| TXN Texas Instruments Inc. | Add +1.2% | 0.47% | +0.05 |
| MINN Mairs & Power MN Muni Bond | New | 0.04% | +0.04 |
| ENTG Entegris Inc. | Add +19.2% | 0.89% | +0.04 |
| RDNT Radnet Inc. | New | 0.03% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +35.6% | 0.08% | +0.03 |
| FUL H.B. Fuller Co. | Add +0.3% | 1.45% | +0.03 |
| SOLV Solventum Corp. | Add +111.2% | 0.06% | +0.03 |
| EMR Emerson Electric Co. | Add +16.3% | 0.09% | +0.02 |
| CGNX Cognex Corp. | Add +104.8% | 0.04% | +0.02 |
| TRV The Travelers Cos Inc. | Add +15.4% | 0.21% | +0.02 |
| CAT Caterpillar Inc. | Add +17.0% | 0.07% | +0.02 |
| EXAS Exact Sciences Corp. | Add +20.7% | 0.04% | +0.01 |
| WAB Wabtec Corp. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | Add +3.5% | 0.03% | +0.01 |
| PII Polaris Inc. | Add +34.8% | 0.05% | +0.01 |
| AMAT Applied Materials Inc. | Add +53.5% | 0.02% | +0.01 |
| MCD McDonald's Corp. | Add +34.9% | 0.05% | +0.01 |
| AMP Ameriprise Financial Inc. | Add +1.4% | 0.15% | +0.01 |
| IBM Intl Business Machines Corp. | Add +173.7% | 0.01% | +0.01 |
| XOM Exxon Mobil Corp. | Add +43.7% | 0.04% | +0.01 |
| GLW Corning Inc. | Add +4.5% | 0.05% | +0.01 |
| LTH Life Time Group Holdings Inc. | Add +20.5% | 0.05% | +0.01 |
| GE General Electric | Add +14.3% | 0.02% | +0.01 |
| SKYT Skywater Technology Inc. | Add +16.1% | 0.02% | +0.01 |
| BNY Bank of New York Mellon Corp. | New | 0.01% | +0.01 |
| MDY State Street SPDR S&P Midcap | New | 0.00% | +0.00 |
| COST Costco Wholesale Corp. | Add +18.1% | 0.03% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +10.4% | 0.03% | +0.00 |
| HWKN Hawkins Inc. | Add +0.8% | 0.02% | +0.00 |
| NEE Nextera Energy Inc. | Add +139.6% | 0.01% | +0.00 |
| RTX RTX Corp. | Add +36.3% | 0.01% | +0.00 |
| CAH Cardinal Health Inc. | New | 0.00% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +57.7% | 0.01% | +0.00 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 0.04% | +0.00 |
| HOG Harley-Davidson Inc. | New | 0.00% | +0.00 |
| CIEN Ciena Corp. | New | 0.00% | +0.00 |
| IBTG iShares Ibonds Dec 2026 Term | New | 0.00% | +0.00 |
| IBTF iShares Ibonds Dec 2025 Term | New | 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 |