Mairs & Power Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Mairs & Power Inc. reported 243 stock positions worth $10.4 billion. Its top holding was Microsoft (MSFT) at 8.9% of the portfolio, followed by Nvidia (NVDA, 8.9%) and Amazon.com (AMZN, 5.8%). Compared with Q3 2025, it opened 11 new positions, sold out of 16, added to 44 and reduced 137. The biggest buy was Amazon.com (AMZN, shares +1%) and the biggest sale Fiserv (FISV, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- St Paul, MN
- CIK
- 0001070134
- Portfolio Value
- $10.4B (Q4 2025)
- SEC Filing
- 0001172661-26-001057 ↗ filed Feb 17, 2026
Holdings Value
Holdings 243 stocks · $10.4B
| MSFT Microsoft Corp. | 8.90% | 1,912,896 | $925.1M | Add +0.4% |
| NVDA Nvidia Corp. | 8.88% | 4,949,648 | $923.1M | Reduce -11.2% |
| AMZN Amazon.com Inc. | 5.76% | 2,592,768 | $598.5M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 5.13% | 1,697,969 | $532.8M | Reduce -3.7% |
| JPM JPMorgan Chase & Co. | 3.96% | 1,276,404 | $411.3M | Reduce -6.3% |
| LLY Eli Lilly & Co. | 3.57% | 345,345 | $371.1M | Reduce -3.6% |
| AAPL Apple Inc. | 3.19% | 1,217,486 | $331.0M | Add +2.9% |
| GGG Graco Inc. | 3.08% | 3,905,582 | $320.1M | Reduce -0.7% |
| V Visa Inc. Class A | 2.71% | 802,518 | $281.5M | Add +1.4% |
| UNH Unitedhealth Group Inc. | 2.64% | 830,535 | $274.2M | Reduce -22.4% |
| TTC Toro Co. | 2.59% | 3,422,823 | $269.4M | Reduce -4.9% |
| NVT Nvent Electric PLC | 2.07% | 2,111,211 | $215.3M | Reduce -3.3% |
| META Meta Platforms Inc. Class A | 2.01% | 316,529 | $208.9M | Add +23.2% |
| ECL Ecolab Inc. | 1.95% | 770,571 | $202.3M | Reduce -0.8% |
| MSI Motorola Solutions Inc. | 1.94% | 525,214 | $201.3M | Add +14.1% |
| WEC WEC Energy Group Inc. | 1.94% | 1,908,774 | $201.3M | Add +6.4% |
| LFUS Littelfuse Inc. | 1.90% | 778,951 | $197.0M | Reduce -4.3% |
| LNT Alliant Energy Corp. | 1.85% | 2,956,947 | $192.2M | Reduce -1.2% |
| FAST Fastenal Co. | 1.80% | 4,667,499 | $187.3M | Reduce -1.1% |
| JNJ Johnson & Johnson | 1.60% | 804,346 | $166.5M | Reduce -18.4% |
| TECH Bio-Techne Corp. | 1.57% | 2,767,539 | $162.8M | Reduce -1.4% |
| WFC Wells Fargo & Co. | 1.55% | 1,729,341 | $161.2M | Reduce -20.4% |
| SHW The Sherwin-Williams Co. | 1.46% | 469,592 | $152.2M | Add +1.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.42% | 486,547 | $147.9M | Reduce -1.8% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.38% | 2,411,067 | $143.4M | Add +0.1% |
| CHRW C.H. Robinson Worldwide Inc. | 1.33% | 862,483 | $138.7M | Reduce -0.8% |
| VZ Verizon Communications Inc. | 1.32% | 3,373,672 | $137.4M | Reduce -1.2% |
| ROK Rockwell Automation Inc. | 1.24% | 330,334 | $128.5M | Reduce -19.6% |
| ENTG Entegris Inc. | 1.09% | 1,348,986 | $113.7M | Add +13.0% |
| FISV Fiserv Inc. | 1.06% | 1,643,250 | $110.4M | Reduce -6.1% |
| QCOM Qualcomm Inc. | 0.91% | 550,308 | $94.1M | Reduce -15.8% |
| HRL Hormel Foods Corp. | 0.86% | 3,789,513 | $89.8M | Reduce -9.5% |
| ABT Abbott Laboratories | 0.85% | 708,081 | $88.7M | Reduce -2.0% |
| TNC Tennant Co. | 0.76% | 1,071,624 | $79.0M | Reduce -19.4% |
| CRM Salesforce Inc. | 0.75% | 296,013 | $78.4M | Add +0.4% |
| WK Workiva Inc. | 0.60% | 727,994 | $62.8M | Reduce -3.8% |
| PIPR Piper Sandler Cos | 0.57% | 175,861 | $59.7M | Reduce -4.7% |
| AXP American Express Co. | 0.57% | 159,459 | $59.0M | Reduce -6.2% |
| CASY Casey's General Stores Inc. | 0.55% | 103,873 | $57.4M | Reduce -4.0% |
| MMM 3M Co. | 0.54% | 349,147 | $55.9M | Add +0.8% |
| HD Home Depot Inc. | 0.52% | 157,053 | $54.0M | Add +1.0% |
| DCI Donaldson Co. Inc. | 0.48% | 560,653 | $49.7M | Reduce -7.4% |
| HON Honeywell International Inc. | 0.44% | 233,976 | $45.6M | Reduce -6.1% |
| CGNX Cognex Corp. | 0.41% | 1,171,596 | $42.2M | Add +91.0% |
| TXN Texas Instruments Inc. | 0.39% | 235,424 | $40.8M | Reduce -0.6% |
| PANW Palo Alto Networks Inc. | 0.39% | 220,647 | $40.6M | Add +98.3% |
| KHC The Kraft Heinz Co. | 0.39% | 1,672,831 | $40.6M | Reduce -25.0% |
| MDT Medtronic PLC | 0.38% | 412,750 | $39.6M | Reduce -4.1% |
| IDA Idacorp Inc. | 0.37% | 302,508 | $38.3M | Add +5.3% |
| MEDP Medpace Holdings Inc. | 0.36% | 66,665 | $37.4M | Reduce -4.2% |
| ISRG Intuitive Surgical Inc. | 0.34% | 62,277 | $35.3M | New |
| USB US Bancorp | 0.33% | 647,980 | $34.6M | Reduce -15.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 296,183 | $33.7M | Reduce -5.5% |
| TRV The Travelers Cos Inc. | 0.32% | 113,800 | $33.0M | Add +28.6% |
| PG The Procter & Gamble Co. | 0.30% | 216,266 | $31.0M | Add +14.8% |
| XEL Xcel Energy Inc. | 0.28% | 396,280 | $29.3M | Add +2.7% |
| ADP Automatic Data Processing | 0.27% | 110,781 | $28.5M | Add +5.4% |
| ZTS Zoetis Inc. | 0.27% | 226,400 | $28.5M | Add +15094.6% |
| SCHW Schwab (charles) Corp. | 0.26% | 273,357 | $27.3M | Reduce -8.7% |
| CLFD Clearfield Inc. | 0.20% | 730,188 | $21.3M | Reduce -0.1% |
| AMP Ameriprise Financial Inc. | 0.20% | 42,611 | $20.9M | Add +22.8% |
| TGT Target Corp. | 0.18% | 194,758 | $19.0M | Reduce -16.3% |
| PFG Principal Financial Group | 0.18% | 211,818 | $18.7M | Reduce -16.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 27,054 | $18.4M | Add +0.2% |
| BMI Badger Meter Inc. | 0.17% | 102,813 | $17.9M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 0.15% | 49,881 | $15.6M | Add +89.9% |
| GNRC Generac Holdings Inc. | 0.14% | 108,578 | $14.8M | Reduce -7.0% |
| ONB Old National Bancorp | 0.13% | 589,960 | $13.2M | Reduce -7.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 24,857 | $12.5M | Reduce -2.1% |
| HSY The Hershey Co. | 0.12% | 67,608 | $12.3M | Reduce -5.2% |
| ABBV Abbvie Inc. | 0.10% | 46,456 | $10.6M | Reduce -2.0% |
| CAT Caterpillar Inc. | 0.10% | 18,455 | $10.6M | Reduce -1.4% |
| XOM Exxon Mobil Corp. | 0.10% | 86,602 | $10.4M | Add +23.9% |
| JBTM JBT Marel Corp. | 0.10% | 68,757 | $10.4M | Reduce -1.8% |
| SYY Sysco Corp. | 0.10% | 138,534 | $10.2M | Reduce -11.3% |
| HUBG Hub Group Inc. Class A | 0.10% | 236,036 | $10.1M | Reduce -7.8% |
| AIR Aar Corp. | 0.09% | 112,176 | $9.3M | Reduce -12.2% |
| EMR Emerson Electric Co. | 0.09% | 66,916 | $8.9M | Reduce -1.8% |
| KNF Knife River Corp. | 0.08% | 123,855 | $8.7M | Add +1.5% |
| GLW Corning Inc. | 0.08% | 90,350 | $7.9M | Reduce -2.5% |
| QCRH QCR Holdings Inc. | 0.07% | 91,002 | $7.6M | Reduce -13.2% |
| MINN Mairs & Power MN Muni Bond | 0.07% | 324,736 | $7.3M | Add +41.7% |
| SCHB Schwab US Broad Market ETF | 0.07% | 261,246 | $6.9M | No change |
| RDNT Radnet Inc. | 0.07% | 95,648 | $6.8M | Reduce -1.9% |
| PLXS Plexus Corp. | 0.06% | 45,868 | $6.7M | Reduce -16.5% |
| ASB Associated Banc-Corp. | 0.06% | 260,279 | $6.7M | Reduce -4.3% |
| BKH Black Hills Corp. | 0.06% | 94,138 | $6.5M | Reduce -3.6% |
| WTFC Wintrust Financial Corp. | 0.06% | 46,633 | $6.5M | Reduce -8.3% |
| PNR Pentair PLC | 0.06% | 59,063 | $6.2M | Reduce -1.9% |
| SOLV Solventum Corp. | 0.06% | 72,887 | $5.8M | Reduce -0.5% |
| PATK Patrick Industries Inc. | 0.06% | 53,033 | $5.8M | Add +126.8% |
| ORCL Oracle Corp. | 0.05% | 28,618 | $5.6M | Add +62.5% |
| MRK Merck & Co. Inc. | 0.05% | 51,999 | $5.5M | Reduce -0.4% |
| CFR Cullen/Frost Bankers Inc. | 0.05% | 42,731 | $5.4M | Reduce -1.8% |
| INSP Inspire Medical Systems Inc. | 0.05% | 57,616 | $5.3M | Reduce -12.0% |
| NWE Northwestern Energy Group Inc. | 0.05% | 81,682 | $5.3M | Reduce -8.3% |
| MCD McDonald's Corp. | 0.05% | 16,693 | $5.1M | Reduce -7.0% |
| GIS General Mills Inc. | 0.05% | 108,477 | $5.0M | Reduce -6.3% |
| PII Polaris Inc. | 0.05% | 75,743 | $4.8M | Reduce -21.0% |
| LTH Life Time Group Holdings Inc. | 0.04% | 172,317 | $4.6M | Add +8.0% |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Reduce -6.1% | 1.06% | −1.06 |
| NVDA Nvidia Corp. | Reduce -11.2% | 8.88% | −0.89 |
| UNH Unitedhealth Group Inc. | Reduce -22.4% | 2.64% | −0.83 |
| FAST Fastenal Co. | Reduce -1.1% | 1.80% | −0.37 |
| TNC Tennant Co. | Reduce -19.4% | 0.76% | −0.25 |
| WFC Wells Fargo & Co. | Reduce -20.4% | 1.55% | −0.16 |
| KHC The Kraft Heinz Co. | Reduce -25.0% | 0.39% | −0.16 |
| QCOM Qualcomm Inc. | Reduce -15.8% | 0.91% | −0.12 |
| JNJ Johnson & Johnson | Reduce -18.4% | 1.60% | −0.12 |
| ROK Rockwell Automation Inc. | Reduce -19.6% | 1.24% | −0.11 |
| HRL Hormel Foods Corp. | Reduce -9.5% | 0.86% | −0.11 |
| VZ Verizon Communications Inc. | Reduce -1.2% | 1.32% | −0.09 |
| LFUS Littelfuse Inc. | Reduce -4.3% | 1.90% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -6.3% | 3.96% | −0.08 |
| GGG Graco Inc. | Reduce -0.7% | 3.08% | −0.06 |
| ABT Abbott Laboratories | Reduce -2.0% | 0.85% | −0.06 |
| HON Honeywell International Inc. | Reduce -6.1% | 0.44% | −0.05 |
| ECL Ecolab Inc. | Reduce -0.8% | 1.95% | −0.05 |
| LNT Alliant Energy Corp. | Reduce -1.2% | 1.85% | −0.05 |
| GNRC Generac Holdings Inc. | Reduce -7.0% | 0.14% | −0.04 |
| CLFD Clearfield Inc. | Reduce -0.1% | 0.20% | −0.03 |
| EXAS Exact Sciences Corp. | Reduce -81.5% | 0.02% | −0.03 |
| JAMF Jamf Holding Corp. | Sold out | 0.00% | −0.03 |
| PIPR Piper Sandler Cos | Reduce -4.7% | 0.57% | −0.03 |
| SYY Sysco Corp. | Reduce -11.3% | 0.10% | −0.02 |
| CASY Casey's General Stores Inc. | Reduce -4.0% | 0.55% | −0.02 |
| PFG Principal Financial Group | Reduce -16.7% | 0.18% | −0.02 |
| AIR Aar Corp. | Reduce -12.2% | 0.09% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -0.6% | 0.39% | −0.02 |
| USB US Bancorp | Reduce -15.2% | 0.33% | −0.01 |
| DIS The Walt Disney Co. | Reduce -5.5% | 0.32% | −0.01 |
| TGT Target Corp. | Reduce -16.3% | 0.18% | −0.01 |
| PLXS Plexus Corp. | Reduce -16.5% | 0.06% | −0.01 |
| WK Workiva Inc. | Reduce -3.8% | 0.60% | −0.01 |
| HSY The Hershey Co. | Reduce -5.2% | 0.12% | −0.01 |
| GIS General Mills Inc. | Reduce -6.3% | 0.05% | −0.01 |
| PII Polaris Inc. | Reduce -21.0% | 0.05% | −0.01 |
| OKLO Oklo Inc. | Reduce -2.6% | 0.01% | −0.01 |
| MDY State Street SPDR S&P Midcap | Sold out | 0.00% | −0.01 |
| HWKN Hawkins Inc. | Reduce -6.3% | 0.02% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -8.7% | 0.26% | −0.01 |
| THRM Gentherm Inc. | Reduce -30.1% | 0.02% | −0.01 |
| ONB Old National Bancorp | Reduce -7.4% | 0.13% | −0.00 |
| GBCI Glacier Bancorp Inc. | Reduce -1.8% | 0.04% | −0.00 |
| MOS The Mosaic Co. | Reduce -18.6% | 0.01% | −0.00 |
| RDNT Radnet Inc. | Reduce -1.9% | 0.07% | −0.00 |
| MDT Medtronic PLC | Reduce -4.1% | 0.38% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -8.9% | 0.02% | −0.00 |
| PNR Pentair PLC | Reduce -1.9% | 0.06% | −0.00 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -20.5% | 0.01% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| AMZN Amazon.com Inc. | Add +1.4% | 5.76% | +0.49 |
| AAPL Apple Inc. | Add +2.9% | 3.19% | +0.35 |
| ISRG Intuitive Surgical Inc. | New | 0.34% | +0.34 |
| ZTS Zoetis Inc. | Add +15094.6% | 0.27% | +0.27 |
| META Meta Platforms Inc. Class A | Add +23.2% | 2.01% | +0.24 |
| PANW Palo Alto Networks Inc. | Add +98.3% | 0.39% | +0.18 |
| V Visa Inc. Class A | Add +1.4% | 2.71% | +0.17 |
| CGNX Cognex Corp. | Add +91.0% | 0.41% | +0.14 |
| CRM Salesforce Inc. | Add +0.4% | 0.75% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +89.9% | 0.15% | +0.09 |
| TRV The Travelers Cos Inc. | Add +28.6% | 0.32% | +0.09 |
| ENTG Entegris Inc. | Add +13.0% | 1.09% | +0.06 |
| AMP Ameriprise Financial Inc. | Add +22.8% | 0.20% | +0.04 |
| FUL H.B. Fuller Co. | Add +0.1% | 1.38% | +0.04 |
| MMM 3M Co. | Add +0.8% | 0.54% | +0.03 |
| PATK Patrick Industries Inc. | Add +126.8% | 0.06% | +0.03 |
| BSY Bentley Systems Inc. Class B | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | Add +23.9% | 0.10% | +0.03 |
| PG The Procter & Gamble Co. | Add +14.8% | 0.30% | +0.03 |
| MINN Mairs & Power MN Muni Bond | Add +41.7% | 0.07% | +0.02 |
| JHX James Hardie Ind PLC | New | 0.02% | +0.02 |
| XLI SS Industrial Select Sector | New | 0.02% | +0.02 |
| XLP SS Consumer Staples Sel Sect | New | 0.01% | +0.01 |
| XLF SS Financial Select Sector | New | 0.01% | +0.01 |
| IDA Idacorp Inc. | Add +5.3% | 0.37% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.18% | +0.01 |
| XLV SS Health Care Select Sector | New | 0.01% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +1264.4% | 0.04% | +0.01 |
| ORCL Oracle Corp. | Add +62.5% | 0.05% | +0.01 |
| XYL Xylem Inc. | Add +307.2% | 0.01% | +0.01 |
| NKE Nike Inc. Class B | Add +24.5% | 0.04% | +0.01 |
| WEC WEC Energy Group Inc. | Add +6.4% | 1.94% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +108.9% | 0.01% | +0.00 |
| LTH Life Time Group Holdings Inc. | Add +8.0% | 0.04% | +0.00 |
| IVE iShares S&P 500 Value ETF | New | 0.00% | +0.00 |
| XLB SS Materials Select Sector | New | 0.00% | +0.00 |
| NVS Novartis AG-Sponsored ADR | New | 0.00% | +0.00 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.00% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +12.0% | 0.00% | +0.00 |
| CTAS Cintas Corp. | Add +7.6% | 0.04% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +58.4% | 0.00% | +0.00 |
| IBTG iShares Ibonds Dec 2026 Term | Add +352.5% | 0.00% | +0.00 |
| PM Philip Morris International | Add +0.3% | 0.00% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +85.7% | 0.01% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +15.6% | 0.00% | 0.00 |
| TREX Trex Company Inc. | Add +43.1% | 0.03% | −0.00 |
| ETN Eaton Corp. PLC | Add +0.1% | 0.00% | −0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +238.9% | 0.01% | −0.00 |
| KNF Knife River Corp. | Add +1.5% | 0.08% | −0.00 |
| XEL Xcel Energy Inc. | Add +2.7% | 0.28% | −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 |