Mairs & Power Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Mairs & Power Inc. reported 248 stock positions worth $10.6 billion. Its top holding was Nvidia (NVDA) at 9.8% of the portfolio, followed by Microsoft (MSFT, 9.3%) and Amazon.com (AMZN, 5.3%). Compared with Q2 2025, it opened 23 new positions, sold out of 10, added to 65 and reduced 114. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- St Paul, MN
- CIK
- 0001070134
- Portfolio Value
- $10.6B (Q3 2025)
- SEC Filing
- 0001172661-25-004985 ↗ filed Nov 14, 2025
Holdings Value
Holdings 248 stocks · $10.6B
| NVDA Nvidia Corp. | 9.78% | 5,576,420 | $1.0B | Reduce -4.1% |
| MSFT Microsoft Corp. | 9.28% | 1,905,547 | $987.0M | Reduce -5.0% |
| AMZN Amazon.com Inc. | 5.27% | 2,555,902 | $561.2M | Add +2.5% |
| JPM JPMorgan Chase & Co. | 4.04% | 1,361,530 | $429.5M | Reduce -9.3% |
| GOOG Alphabet Inc. Class C | 4.03% | 1,762,588 | $429.3M | Reduce -2.2% |
| UNH Unitedhealth Group Inc. | 3.47% | 1,069,947 | $369.5M | Add +1.2% |
| GGG Graco Inc. | 3.14% | 3,934,001 | $334.2M | Reduce -1.1% |
| AAPL Apple Inc. | 2.83% | 1,182,743 | $301.2M | Add +3.5% |
| TTC Toro Co. | 2.58% | 3,600,459 | $274.4M | Reduce -1.4% |
| LLY Eli Lilly & Co. | 2.57% | 358,177 | $273.3M | Reduce -2.0% |
| V Visa Inc. Class A | 2.54% | 791,147 | $270.1M | Reduce -0.5% |
| FAST Fastenal Co. | 2.18% | 4,719,036 | $231.4M | Reduce -12.2% |
| FISV Fiserv Inc. | 2.12% | 1,749,931 | $225.6M | Add +1.0% |
| NVT Nvent Electric PLC | 2.02% | 2,182,373 | $215.3M | Reduce -7.3% |
| ECL Ecolab Inc. | 2.00% | 777,029 | $212.8M | Reduce -1.5% |
| LFUS Littelfuse Inc. | 1.98% | 813,938 | $210.8M | Reduce -6.1% |
| MSI Motorola Solutions Inc. | 1.98% | 460,229 | $210.5M | Reduce -3.1% |
| WEC WEC Energy Group Inc. | 1.93% | 1,793,851 | $205.6M | Add +20.2% |
| LNT Alliant Energy Corp. | 1.90% | 2,993,643 | $201.8M | Reduce -1.6% |
| META Meta Platforms Inc. Class A | 1.77% | 256,927 | $188.7M | Add +17.4% |
| JNJ Johnson & Johnson | 1.72% | 985,502 | $182.7M | Reduce -2.5% |
| WFC Wells Fargo & Co. | 1.71% | 2,172,337 | $182.1M | Reduce -0.1% |
| SHW The Sherwin-Williams Co. | 1.51% | 464,043 | $160.7M | Add +0.7% |
| TECH Bio-Techne Corp. | 1.47% | 2,807,409 | $156.2M | Add +3.4% |
| VZ Verizon Communications Inc. | 1.41% | 3,414,075 | $150.0M | Add +0.0% |
| ROK Rockwell Automation Inc. | 1.35% | 410,777 | $143.6M | Reduce -0.5% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.34% | 2,408,893 | $142.8M | Reduce -1.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.30% | 495,265 | $138.3M | Add +10.8% |
| CHRW C.H. Robinson Worldwide Inc. | 1.08% | 869,738 | $115.2M | Add +0.7% |
| ENTG Entegris Inc. | 1.04% | 1,194,050 | $110.4M | Add +6.8% |
| QCOM Qualcomm Inc. | 1.02% | 653,933 | $108.8M | Reduce -30.0% |
| TNC Tennant Co. | 1.01% | 1,329,688 | $107.8M | Reduce -1.7% |
| HRL Hormel Foods Corp. | 0.97% | 4,185,642 | $103.6M | Reduce -0.8% |
| ABT Abbott Laboratories | 0.91% | 722,884 | $96.8M | Reduce -19.9% |
| CRM Salesforce Inc. | 0.66% | 294,789 | $69.9M | Add +16.1% |
| WK Workiva Inc. | 0.61% | 757,063 | $65.2M | Reduce -0.1% |
| PIPR Piper Sandler Cos | 0.60% | 184,606 | $64.1M | Reduce -25.2% |
| HD Home Depot Inc. | 0.59% | 155,551 | $63.0M | Add +0.9% |
| CASY Casey's General Stores Inc. | 0.58% | 108,232 | $61.2M | Reduce -5.0% |
| KHC The Kraft Heinz Co. | 0.55% | 2,231,175 | $58.1M | Reduce -6.3% |
| AXP American Express Co. | 0.53% | 170,031 | $56.5M | Reduce -10.5% |
| MMM 3M Co. | 0.51% | 346,453 | $53.8M | Add +0.6% |
| HON Honeywell International Inc. | 0.49% | 249,248 | $52.5M | Reduce -15.0% |
| DCI Donaldson Co. Inc. | 0.47% | 605,439 | $49.6M | Reduce -27.0% |
| TXN Texas Instruments Inc. | 0.41% | 236,717 | $43.5M | Add +2.5% |
| MDT Medtronic PLC | 0.39% | 430,572 | $41.0M | Reduce -5.4% |
| IDA Idacorp Inc. | 0.36% | 287,168 | $37.9M | Add +17.4% |
| USB US Bancorp | 0.35% | 763,737 | $36.9M | Reduce -28.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 313,534 | $35.9M | Add +0.7% |
| MEDP Medpace Holdings Inc. | 0.34% | 69,583 | $35.8M | Reduce -8.7% |
| XEL Xcel Energy Inc. | 0.29% | 386,008 | $31.1M | Add +2.5% |
| ADP Automatic Data Processing | 0.29% | 105,107 | $30.8M | Add +3.7% |
| PG The Procter & Gamble Co. | 0.27% | 188,436 | $29.0M | Add +20.6% |
| SCHW Schwab (charles) Corp. | 0.27% | 299,389 | $28.6M | Reduce -11.2% |
| CGNX Cognex Corp. | 0.26% | 613,294 | $27.8M | Add +372.6% |
| CLFD Clearfield Inc. | 0.24% | 730,793 | $25.1M | Reduce -4.1% |
| TRV The Travelers Cos Inc. | 0.23% | 88,494 | $24.7M | Add +10.2% |
| PANW Palo Alto Networks Inc. | 0.21% | 111,242 | $22.7M | Add +171.8% |
| PFG Principal Financial Group | 0.20% | 254,418 | $21.1M | Reduce -29.9% |
| TGT Target Corp. | 0.20% | 232,735 | $20.9M | Reduce -22.9% |
| GNRC Generac Holdings Inc. | 0.18% | 116,761 | $19.5M | Reduce -11.3% |
| BMI Badger Meter Inc. | 0.17% | 103,859 | $18.5M | Reduce -6.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 26,993 | $18.0M | Reduce -2.9% |
| AMP Ameriprise Financial Inc. | 0.16% | 34,706 | $17.0M | Add +23.9% |
| ONB Old National Bancorp | 0.13% | 637,125 | $14.0M | Reduce -13.9% |
| HSY The Hershey Co. | 0.13% | 71,293 | $13.3M | Add +6.4% |
| SYY Sysco Corp. | 0.12% | 156,235 | $12.9M | Reduce -41.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 25,379 | $12.8M | Reduce -2.7% |
| AIR Aar Corp. | 0.11% | 127,702 | $11.5M | Reduce -18.2% |
| ABBV Abbvie Inc. | 0.10% | 47,421 | $11.0M | Add +0.7% |
| JBTM JBT Marel Corp. | 0.09% | 70,035 | $9.8M | Reduce -22.1% |
| KNF Knife River Corp. | 0.09% | 122,045 | $9.4M | Add +7.1% |
| EMR Emerson Electric Co. | 0.08% | 68,167 | $8.9M | Reduce -0.7% |
| CAT Caterpillar Inc. | 0.08% | 18,710 | $8.9M | Reduce -3.4% |
| HUBG Hub Group Inc. Class A | 0.08% | 256,091 | $8.8M | Reduce -7.6% |
| PLXS Plexus Corp. | 0.07% | 54,912 | $7.9M | Reduce -2.9% |
| QCRH QCR Holdings Inc. | 0.07% | 104,791 | $7.9M | Reduce -10.9% |
| XOM Exxon Mobil Corp. | 0.07% | 69,913 | $7.9M | Add +103.4% |
| GLW Corning Inc. | 0.07% | 92,626 | $7.6M | Reduce -0.6% |
| RDNT Radnet Inc. | 0.07% | 97,483 | $7.4M | Add +68.9% |
| ASB Associated Banc-Corp. | 0.07% | 272,016 | $7.0M | Reduce -8.7% |
| WTFC Wintrust Financial Corp. | 0.06% | 50,849 | $6.7M | Add +0.3% |
| SCHB Schwab US Broad Market ETF | 0.06% | 261,246 | $6.7M | No change |
| PNR Pentair PLC | 0.06% | 60,213 | $6.7M | Reduce -3.5% |
| GOOGL Alphabet Inc. Class A | 0.06% | 26,268 | $6.4M | Add +10.0% |
| BKH Black Hills Corp. | 0.06% | 97,649 | $6.0M | Reduce -10.7% |
| GIS General Mills Inc. | 0.05% | 115,748 | $5.8M | Reduce -3.2% |
| PII Polaris Inc. | 0.05% | 95,840 | $5.6M | Reduce -15.6% |
| CFR Cullen/Frost Bankers Inc. | 0.05% | 43,503 | $5.5M | Add +0.2% |
| MCD McDonald's Corp. | 0.05% | 17,941 | $5.5M | Reduce -0.2% |
| SOLV Solventum Corp. | 0.05% | 73,237 | $5.3M | Reduce -1.0% |
| NWE Northwestern Energy Group Inc. | 0.05% | 89,037 | $5.2M | Reduce -13.5% |
| MINN Mairs & Power MN Muni Bond | 0.05% | 229,186 | $5.1M | Add +11.2% |
| EXAS Exact Sciences Corp. | 0.05% | 93,237 | $5.1M | Add +25.2% |
| ORCL Oracle Corp. | 0.05% | 17,612 | $5.0M | Add +23.4% |
| INSP Inspire Medical Systems Inc. | 0.05% | 65,446 | $4.9M | Reduce -3.5% |
| GBCI Glacier Bancorp Inc. | 0.05% | 99,163 | $4.8M | Add +0.2% |
| OSK Oshkosh Corp. | 0.04% | 35,544 | $4.6M | Reduce -5.9% |
| LTH Life Time Group Holdings Inc. | 0.04% | 159,616 | $4.4M | Add +5.6% |
| MRK Merck & Co. Inc. | 0.04% | 52,187 | $4.4M | Reduce -8.2% |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -5.0% | 9.28% | −0.57 |
| QCOM Qualcomm Inc. | Reduce -30.0% | 1.02% | −0.45 |
| ABT Abbott Laboratories | Reduce -19.9% | 0.91% | −0.30 |
| HRL Hormel Foods Corp. | Reduce -0.8% | 0.97% | −0.29 |
| JPM JPMorgan Chase & Co. | Reduce -9.3% | 4.04% | −0.26 |
| V Visa Inc. Class A | Reduce -0.5% | 2.54% | −0.25 |
| LLY Eli Lilly & Co. | Reduce -2.0% | 2.57% | −0.24 |
| GGG Graco Inc. | Reduce -1.1% | 3.14% | −0.23 |
| HON Honeywell International Inc. | Reduce -15.0% | 0.49% | −0.18 |
| USB US Bancorp | Reduce -28.6% | 0.35% | −0.13 |
| FUL H.B. Fuller Co. | Reduce -1.6% | 1.34% | −0.11 |
| DCI Donaldson Co. Inc. | Reduce -27.0% | 0.47% | −0.10 |
| ECL Ecolab Inc. | Reduce -1.5% | 2.00% | −0.10 |
| TGT Target Corp. | Reduce -22.9% | 0.20% | −0.10 |
| BMI Badger Meter Inc. | Reduce -6.8% | 0.17% | −0.10 |
| CLFD Clearfield Inc. | Reduce -4.1% | 0.24% | −0.09 |
| PFG Principal Financial Group | Reduce -29.9% | 0.20% | −0.09 |
| SYY Sysco Corp. | Reduce -41.3% | 0.12% | −0.08 |
| PIPR Piper Sandler Cos | Reduce -25.2% | 0.60% | −0.08 |
| AXP American Express Co. | Reduce -10.5% | 0.53% | −0.07 |
| KHC The Kraft Heinz Co. | Reduce -6.3% | 0.55% | −0.06 |
| FAST Fastenal Co. | Reduce -12.2% | 2.18% | −0.05 |
| BBY Best Buy Co. Inc. | Reduce -87.2% | 0.01% | −0.04 |
| INSP Inspire Medical Systems Inc. | Reduce -3.5% | 0.05% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -11.2% | 0.27% | −0.04 |
| ONB Old National Bancorp | Reduce -13.9% | 0.13% | −0.02 |
| UPS United Parcel Service Class B | Reduce -40.3% | 0.02% | −0.02 |
| TNC Tennant Co. | Reduce -1.7% | 1.01% | −0.02 |
| THRM Gentherm Inc. | Reduce -47.0% | 0.02% | −0.02 |
| JBTM JBT Marel Corp. | Reduce -22.1% | 0.09% | −0.01 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.01 |
| HUBG Hub Group Inc. Class A | Reduce -7.6% | 0.08% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -0.1% | 1.71% | −0.01 |
| JAMF Jamf Holding Corp. | Reduce -25.4% | 0.03% | −0.01 |
| ULTA Ulta Beauty Inc. | Reduce -41.2% | 0.01% | −0.01 |
| MDT Medtronic PLC | Reduce -5.4% | 0.39% | −0.01 |
| EMR Emerson Electric Co. | Reduce -0.7% | 0.08% | −0.01 |
| GIS General Mills Inc. | Reduce -3.2% | 0.05% | −0.01 |
| ASB Associated Banc-Corp. | Reduce -8.7% | 0.07% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.7% | 0.12% | −0.01 |
| SOLV Solventum Corp. | Reduce -1.0% | 0.05% | −0.01 |
| XLK SS Technology Select Sector | Reduce -47.4% | 0.01% | −0.00 |
| ROK Rockwell Automation Inc. | Reduce -0.5% | 1.35% | −0.00 |
| QCRH QCR Holdings Inc. | Reduce -10.9% | 0.07% | −0.00 |
| BKH Black Hills Corp. | Reduce -10.7% | 0.06% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -8.2% | 0.04% | −0.00 |
| VCEL Vericel Corp. | Reduce -0.2% | 0.01% | −0.00 |
| NWE Northwestern Energy Group Inc. | Reduce -13.5% | 0.05% | −0.00 |
| BAX Baxter International Inc. | Reduce -5.1% | 0.01% | −0.00 |
| AMCR Amcor PLC | Reduce -17.7% | 0.01% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +3.5% | 2.83% | +0.52 |
| WEC WEC Energy Group Inc. | Add +20.2% | 1.93% | +0.40 |
| TSM Taiwan Semiconductor-SP ADR | Add +10.8% | 1.30% | +0.30 |
| CHRW C.H. Robinson Worldwide Inc. | Add +0.7% | 1.08% | +0.26 |
| CGNX Cognex Corp. | Add +372.6% | 0.26% | +0.22 |
| UNH Unitedhealth Group Inc. | Add +1.2% | 3.47% | +0.22 |
| META Meta Platforms Inc. Class A | Add +17.4% | 1.77% | +0.18 |
| ENTG Entegris Inc. | Add +6.8% | 1.04% | +0.15 |
| PANW Palo Alto Networks Inc. | Add +171.8% | 0.21% | +0.13 |
| TECH Bio-Techne Corp. | Add +3.4% | 1.47% | +0.09 |
| IDA Idacorp Inc. | Add +17.4% | 0.36% | +0.08 |
| XEL Xcel Energy Inc. | Add +2.5% | 0.29% | +0.04 |
| XOM Exxon Mobil Corp. | Add +103.4% | 0.07% | +0.04 |
| RDNT Radnet Inc. | Add +68.9% | 0.07% | +0.04 |
| HD Home Depot Inc. | Add +0.9% | 0.59% | +0.03 |
| TREX Trex Company Inc. | New | 0.03% | +0.03 |
| NKE Nike Inc. Class B | Add +1058.4% | 0.03% | +0.03 |
| PG The Procter & Gamble Co. | Add +20.6% | 0.27% | +0.03 |
| PATK Patrick Industries Inc. | New | 0.02% | +0.02 |
| TRV The Travelers Cos Inc. | Add +10.2% | 0.23% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +10.0% | 0.06% | +0.02 |
| ABBV Abbvie Inc. | Add +0.7% | 0.10% | +0.02 |
| SKYT Skywater Technology Inc. | Add +12.7% | 0.03% | +0.02 |
| ORCL Oracle Corp. | Add +23.4% | 0.05% | +0.02 |
| HSY The Hershey Co. | Add +6.4% | 0.13% | +0.02 |
| AMP Ameriprise Financial Inc. | Add +23.9% | 0.16% | +0.01 |
| EXAS Exact Sciences Corp. | Add +25.2% | 0.05% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.01% | +0.01 |
| IWD iShares Russell 1000 Value E | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.00% | +0.00 |
| MINN Mairs & Power MN Muni Bond | Add +11.2% | 0.05% | +0.00 |
| BLK BlackRock Inc. | New | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +22.5% | 0.01% | +0.00 |
| GBCI Glacier Bancorp Inc. | Add +0.2% | 0.05% | +0.00 |
| LHX L3HARRIS Technologies Inc. | New | 0.00% | +0.00 |
| IVW iShares S&P 500 Growth ETF | New | 0.00% | +0.00 |
| MDLZ Mondelez International Inc. Class A | New | 0.00% | +0.00 |
| BAC Bank of America Corp. | Add +22.8% | 0.01% | +0.00 |
| CVRX CVRX Inc. | Add +0.5% | 0.01% | +0.00 |
| VEA Vanguard Ftse Developed ETF | New | 0.00% | +0.00 |
| MPC Marathon Petroleum Corp. | New | 0.00% | +0.00 |
| SLB SLB Ltd. | New | 0.00% | +0.00 |
| ETN Eaton Corp. PLC | New | 0.00% | +0.00 |
| CMCSA Comcast Corp. Class A | New | 0.00% | +0.00 |
| NEE Nextera Energy Inc. | Add +26.6% | 0.01% | +0.00 |
| BP BP PLC-Spons ADR | New | 0.00% | +0.00 |
| CVX Chevron Corp. | Add +3.4% | 0.03% | +0.00 |
| CMI Cummins Inc. | New | 0.00% | +0.00 |
| GPC Genuine Parts Co. | New | 0.00% | +0.00 |
| EEM iShares MSCI Emerging Market | 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 |