Mairs & Power Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Mairs & Power Inc. reported 245 stock positions worth $9.8 billion. Its top holding was Nvidia (NVDA) at 8.5% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Amazon.com (AMZN, 5.5%). Compared with Q4 2025, it opened 20 new positions, sold out of 18, added to 62 and reduced 108. The biggest buy was Waste Management (WM, shares +39724%) and the biggest sale JPMorgan Chase (JPM, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- St Paul, MN
- CIK
- 0001070134
- Portfolio Value
- $9.8B (Q1 2026)
- SEC Filing
- 0001172661-26-001819 ↗ filed May 14, 2026
Holdings Value
Holdings 245 stocks · $9.8B
| NVDA Nvidia Corp. | 8.49% | 4,761,351 | $830.4M | Reduce -3.8% |
| MSFT Microsoft Corp. | 7.35% | 1,942,391 | $719.0M | Add +1.5% |
| AMZN Amazon.com Inc. | 5.54% | 2,602,912 | $542.1M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 4.72% | 1,611,610 | $462.3M | Reduce -5.1% |
| GGG Graco Inc. | 3.30% | 3,815,684 | $323.0M | Reduce -2.3% |
| JPM JPMorgan Chase & Co. | 3.17% | 1,054,197 | $310.1M | Reduce -17.4% |
| AAPL Apple Inc. | 3.13% | 1,208,398 | $306.7M | Reduce -0.8% |
| LLY Eli Lilly & Co. | 3.07% | 326,306 | $300.1M | Reduce -5.5% |
| V Visa Inc. Class A | 2.60% | 840,917 | $254.2M | Add +4.8% |
| TTC Toro Co. | 2.60% | 2,718,983 | $254.1M | Reduce -20.6% |
| LFUS Littelfuse Inc. | 2.51% | 724,710 | $245.9M | Reduce -7.0% |
| NVT Nvent Electric PLC | 2.50% | 2,066,420 | $244.4M | Reduce -2.1% |
| MSI Motorola Solutions Inc. | 2.40% | 540,732 | $234.7M | Add +3.0% |
| WEC WEC Energy Group Inc. | 2.26% | 1,910,685 | $221.2M | Add +0.1% |
| LNT Alliant Energy Corp. | 2.12% | 2,889,060 | $207.3M | Reduce -2.3% |
| ECL Ecolab Inc. | 2.07% | 761,818 | $202.7M | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 2.05% | 741,083 | $200.5M | Reduce -10.8% |
| META Meta Platforms Inc. Class A | 1.90% | 324,625 | $185.7M | Add +2.6% |
| FAST Fastenal Co. | 1.86% | 3,922,442 | $182.0M | Reduce -16.0% |
| VZ Verizon Communications Inc. | 1.70% | 3,315,436 | $166.4M | Reduce -1.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.68% | 486,253 | $164.3M | Reduce -0.1% |
| ENTG Entegris Inc. | 1.61% | 1,343,104 | $157.5M | Reduce -0.4% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 1.49% | 2,361,617 | $145.7M | Reduce -2.0% |
| TECH Bio-Techne Corp. | 1.47% | 2,750,282 | $143.7M | Reduce -0.6% |
| JNJ Johnson & Johnson | 1.44% | 577,590 | $141.2M | Reduce -28.2% |
| CHRW C.H. Robinson Worldwide Inc. | 1.44% | 848,203 | $140.9M | Reduce -1.7% |
| SHW The Sherwin-Williams Co. | 1.43% | 437,760 | $140.3M | Reduce -6.8% |
| FISV Fiserv Inc. | 1.23% | 2,152,853 | $120.1M | Add +31.0% |
| WFC Wells Fargo & Co. | 1.11% | 1,365,876 | $108.7M | Reduce -21.0% |
| ROK Rockwell Automation Inc. | 1.04% | 283,553 | $101.8M | Reduce -14.2% |
| WM Waste Management Inc. | 0.94% | 398,240 | $91.5M | Add +39724.0% |
| AMP Ameriprise Financial Inc. | 0.89% | 197,047 | $87.6M | Add +362.4% |
| PANW Palo Alto Networks Inc. | 0.87% | 532,679 | $85.4M | Add +141.4% |
| HRL Hormel Foods Corp. | 0.79% | 3,417,959 | $77.4M | Reduce -9.8% |
| ABT Abbott Laboratories | 0.76% | 721,778 | $74.1M | Add +1.9% |
| CASY Casey's General Stores Inc. | 0.71% | 95,937 | $69.8M | Reduce -7.6% |
| QCOM Qualcomm Inc. | 0.63% | 478,055 | $61.6M | Reduce -13.1% |
| CGNX Cognex Corp. | 0.61% | 1,223,875 | $60.0M | Add +4.5% |
| TNC Tennant Co. | 0.55% | 803,464 | $53.4M | Reduce -25.0% |
| MMM 3M Co. | 0.52% | 351,848 | $51.1M | Add +0.8% |
| HD Home Depot Inc. | 0.52% | 153,398 | $50.5M | Reduce -2.3% |
| HON Honeywell International Inc. | 0.48% | 208,448 | $47.1M | Reduce -10.9% |
| ISRG Intuitive Surgical Inc. | 0.47% | 99,885 | $46.0M | Add +60.4% |
| AXP American Express Co. | 0.46% | 148,821 | $45.0M | Reduce -6.7% |
| TXN Texas Instruments Inc. | 0.46% | 231,151 | $44.9M | Reduce -1.8% |
| IDA Idacorp Inc. | 0.44% | 301,377 | $43.1M | Reduce -0.4% |
| WK Workiva Inc. | 0.44% | 715,640 | $42.7M | Reduce -1.7% |
| DCI Donaldson Co. Inc. | 0.43% | 499,374 | $42.4M | Reduce -10.9% |
| PIPR Piper Sandler Cos | 0.43% | 546,090 | $41.8M | Reduce -22.4% |
| TRV The Travelers Cos Inc. | 0.42% | 142,414 | $41.5M | Add +25.1% |
| MEDP Medpace Holdings Inc. | 0.42% | 85,720 | $41.2M | Add +28.6% |
| ZTS Zoetis Inc. | 0.37% | 303,116 | $35.8M | Add +33.9% |
| PG The Procter & Gamble Co. | 0.36% | 243,410 | $35.2M | Add +12.6% |
| MDT Medtronic PLC | 0.36% | 401,968 | $34.8M | Reduce -2.6% |
| XEL Xcel Energy Inc. | 0.33% | 402,263 | $32.0M | Add +1.5% |
| USB US Bancorp | 0.32% | 601,518 | $31.3M | Reduce -7.2% |
| ADP Automatic Data Processing | 0.26% | 124,436 | $25.3M | Add +12.3% |
| SCHW Schwab (charles) Corp. | 0.24% | 247,732 | $23.3M | Reduce -9.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 239,846 | $23.1M | Reduce -19.0% |
| SFM Sprouts Farmers Market Inc. | 0.23% | 292,177 | $22.5M | New |
| TGT Target Corp. | 0.21% | 168,879 | $20.5M | Reduce -13.3% |
| GNRC Generac Holdings Inc. | 0.20% | 99,747 | $19.5M | Reduce -8.1% |
| CLFD Clearfield Inc. | 0.20% | 731,733 | $19.4M | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 27,180 | $17.7M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.16% | 55,766 | $16.0M | Add +11.8% |
| BMI Badger Meter Inc. | 0.16% | 104,815 | $16.0M | Add +1.9% |
| PFG Principal Financial Group | 0.15% | 163,884 | $14.8M | Reduce -22.6% |
| XOM Exxon Mobil Corp. | 0.14% | 83,523 | $14.2M | Reduce -3.6% |
| HSY The Hershey Co. | 0.14% | 64,560 | $13.4M | Reduce -4.5% |
| CAT Caterpillar Inc. | 0.13% | 18,450 | $13.1M | Reduce -0.0% |
| GLW Corning Inc. | 0.12% | 88,250 | $12.0M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 23,929 | $11.5M | Reduce -3.7% |
| KNF Knife River Corp. | 0.11% | 134,428 | $11.0M | Add +8.5% |
| ABBV Abbvie Inc. | 0.10% | 45,317 | $9.9M | Reduce -2.5% |
| AIR Aar Corp. | 0.10% | 89,391 | $9.8M | Reduce -20.3% |
| ONB Old National Bancorp | 0.10% | 433,191 | $9.6M | Reduce -26.6% |
| CRM Salesforce Inc. | 0.10% | 49,996 | $9.3M | Reduce -83.1% |
| PLXS Plexus Corp. | 0.09% | 45,868 | $9.3M | No change |
| MINN Mairs & Power MN Muni Bond | 0.09% | 410,865 | $9.1M | Add +26.5% |
| VOO Vanguard S&P 500 ETF | 0.09% | 14,866 | $8.9M | New |
| EMR Emerson Electric Co. | 0.09% | 64,752 | $8.5M | Reduce -3.2% |
| BSY Bentley Systems Inc. Class B | 0.08% | 236,158 | $8.3M | Add +184.6% |
| CVX Chevron Corp. | 0.08% | 39,017 | $8.1M | Add +80.5% |
| WTFC Wintrust Financial Corp. | 0.08% | 57,744 | $8.0M | Add +23.8% |
| QCRH QCR Holdings Inc. filed as QCR HLDGS INC | 0.08% | 91,002 | $7.8M | No change |
| JBTM JBT Marel Corp. | 0.08% | 59,100 | $7.6M | Reduce -14.1% |
| RDNT Radnet Inc. | 0.08% | 133,116 | $7.4M | Add +39.2% |
| KHC The Kraft Heinz Co. | 0.07% | 316,563 | $7.1M | Reduce -81.1% |
| SYY Sysco Corp. | 0.07% | 99,279 | $7.1M | Reduce -28.3% |
| ASB Associated Banc-Corp. | 0.07% | 270,040 | $7.0M | Add +3.8% |
| BKH Black Hills Corp. | 0.07% | 98,285 | $6.8M | Add +4.4% |
| SCHB Schwab US Broad Market ETF | 0.07% | 261,246 | $6.6M | No change |
| PATK Patrick Industries Inc. | 0.07% | 57,894 | $6.4M | Add +9.2% |
| MRK Merck & Co. Inc. | 0.06% | 50,348 | $6.1M | Reduce -3.2% |
| AMBA Ambarella Inc. | 0.06% | 117,581 | $6.1M | New |
| CFR Cullen/Frost Bankers Inc. | 0.06% | 42,696 | $5.9M | Reduce -0.1% |
| HUBG Hub Group Inc. Class A | 0.06% | 159,933 | $5.8M | Reduce -32.2% |
| NWE Northwestern Energy Group Inc. | 0.06% | 86,002 | $5.7M | Add +5.3% |
| PNR Pentair PLC | 0.05% | 57,578 | $5.0M | Reduce -2.5% |
| WWD Woodward Inc. | 0.05% | 14,000 | $5.0M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| JPM JPMorgan Chase & Co. | Reduce -17.4% | 3.17% | −0.79 |
| CRM Salesforce Inc. | Reduce -83.1% | 0.10% | −0.66 |
| UNH Unitedhealth Group Inc. | Reduce -10.8% | 2.05% | −0.59 |
| LLY Eli Lilly & Co. | Reduce -5.5% | 3.07% | −0.51 |
| WFC Wells Fargo & Co. | Reduce -21.0% | 1.11% | −0.44 |
| GOOG Alphabet Inc. Class C | Reduce -5.1% | 4.72% | −0.40 |
| NVDA Nvidia Corp. | Reduce -3.8% | 8.49% | −0.40 |
| KHC The Kraft Heinz Co. | Reduce -81.1% | 0.07% | −0.32 |
| QCOM Qualcomm Inc. | Reduce -13.1% | 0.63% | −0.28 |
| TNC Tennant Co. | Reduce -25.0% | 0.55% | −0.21 |
| ROK Rockwell Automation Inc. | Reduce -14.2% | 1.04% | −0.20 |
| WK Workiva Inc. | Reduce -1.7% | 0.44% | −0.17 |
| JNJ Johnson & Johnson | Reduce -28.2% | 1.44% | −0.16 |
| PIPR Piper Sandler Cos | Reduce -22.4% | 0.43% | −0.15 |
| AXP American Express Co. | Reduce -6.7% | 0.46% | −0.11 |
| TECH Bio-Techne Corp. | Reduce -0.6% | 1.47% | −0.10 |
| DIS The Walt Disney Co. | Reduce -19.0% | 0.24% | −0.09 |
| HRL Hormel Foods Corp. | Reduce -9.8% | 0.79% | −0.07 |
| AAPL Apple Inc. | Reduce -0.8% | 3.13% | −0.05 |
| INSP Inspire Medical Systems Inc. | Sold out | 0.00% | −0.05 |
| DCI Donaldson Co. Inc. | Reduce -10.9% | 0.43% | −0.05 |
| MGPI MGP Ingredients Inc. | Sold out | 0.00% | −0.04 |
| HUBG Hub Group Inc. Class A | Reduce -32.2% | 0.06% | −0.04 |
| SHW The Sherwin-Williams Co. | Reduce -6.8% | 1.43% | −0.03 |
| PFG Principal Financial Group | Reduce -22.6% | 0.15% | −0.03 |
| ONB Old National Bancorp | Reduce -26.6% | 0.10% | −0.03 |
| SKYT Skywater Technology Inc. | Reduce -92.9% | 0.00% | −0.03 |
| SYY Sysco Corp. | Reduce -28.3% | 0.07% | −0.03 |
| MDT Medtronic PLC | Reduce -2.6% | 0.36% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -9.4% | 0.24% | −0.02 |
| JBTM JBT Marel Corp. | Reduce -14.1% | 0.08% | −0.02 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.02 |
| THRM Gentherm Inc. | Sold out | 0.00% | −0.02 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.02 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.01 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.01 |
| USB US Bancorp | Reduce -7.2% | 0.32% | −0.01 |
| GIS General Mills Inc. | Reduce -10.7% | 0.04% | −0.01 |
| PII Polaris Inc. | Reduce -17.5% | 0.03% | −0.01 |
| CVRX CVRX Inc. | Sold out | 0.00% | −0.01 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.01 |
| PNR Pentair PLC | Reduce -2.5% | 0.05% | −0.01 |
| ULTA Ulta Beauty Inc. | Reduce -66.6% | 0.00% | −0.01 |
| SOLV Solventum Corp. | Reduce -0.5% | 0.05% | −0.01 |
| HD Home Depot Inc. | Reduce -2.3% | 0.52% | −0.00 |
| MCD McDonald's Corp. | Reduce -14.2% | 0.05% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.7% | 0.12% | −0.00 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.00 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| WM Waste Management Inc. | Add +39724.0% | 0.94% | +0.93 |
| AMP Ameriprise Financial Inc. | Add +362.4% | 0.89% | +0.69 |
| PANW Palo Alto Networks Inc. | Add +141.4% | 0.87% | +0.48 |
| MSI Motorola Solutions Inc. | Add +3.0% | 2.40% | +0.46 |
| WEC WEC Energy Group Inc. | Add +0.1% | 2.26% | +0.32 |
| SFM Sprouts Farmers Market Inc. | New | 0.23% | +0.23 |
| CGNX Cognex Corp. | Add +4.5% | 0.61% | +0.21 |
| FISV Fiserv Inc. | Add +31.0% | 1.23% | +0.17 |
| ISRG Intuitive Surgical Inc. | Add +60.4% | 0.47% | +0.13 |
| TRV The Travelers Cos Inc. | Add +25.1% | 0.42% | +0.11 |
| ZTS Zoetis Inc. | Add +33.9% | 0.37% | +0.09 |
| VOO Vanguard S&P 500 ETF | New | 0.09% | +0.09 |
| AMBA Ambarella Inc. | New | 0.06% | +0.06 |
| PG The Procter & Gamble Co. | Add +12.6% | 0.36% | +0.06 |
| MEDP Medpace Holdings Inc. | Add +28.6% | 0.42% | +0.06 |
| BSY Bentley Systems Inc. Class B | Add +184.6% | 0.08% | +0.05 |
| CVX Chevron Corp. | Add +80.5% | 0.08% | +0.05 |
| XEL Xcel Energy Inc. | Add +1.5% | 0.33% | +0.04 |
| JHX James Hardie Ind PLC | Add +165.5% | 0.05% | +0.03 |
| KNF Knife River Corp. | Add +8.5% | 0.11% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +782.0% | 0.03% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +424.9% | 0.03% | +0.03 |
| APG Api Group Corp. | New | 0.02% | +0.02 |
| HWKN Hawkins Inc. | Add +106.5% | 0.04% | +0.02 |
| MINN Mairs & Power MN Muni Bond | Add +26.5% | 0.09% | +0.02 |
| WTFC Wintrust Financial Corp. | Add +23.8% | 0.08% | +0.02 |
| SOLS Solstice Adv Materials Inc. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +11.8% | 0.16% | +0.01 |
| TREX Trex Company Inc. | Add +28.0% | 0.04% | +0.01 |
| COP Conocophillips | Add +0.7% | 0.04% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +288.0% | 0.02% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | New | 0.01% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | New | 0.01% | +0.01 |
| PATK Patrick Industries Inc. | Add +9.2% | 0.07% | +0.01 |
| RDNT Radnet Inc. | Add +39.2% | 0.08% | +0.01 |
| VONE Vanguard Russell 1000 | New | 0.01% | +0.01 |
| XYL Xylem Inc. | Add +136.0% | 0.02% | +0.01 |
| VGLT Vanguard Long-Term Treasury | New | 0.01% | +0.01 |
| GBCI Glacier Bancorp Inc. | Add +9.1% | 0.05% | +0.01 |
| NWE Northwestern Energy Group Inc. | Add +5.3% | 0.06% | +0.01 |
| ASB Associated Banc-Corp. | Add +3.8% | 0.07% | +0.01 |
| BKH Black Hills Corp. | Add +4.4% | 0.07% | +0.01 |
| GLD SPDR Gold Shares | New | 0.01% | +0.01 |
| COST Costco Wholesale Corp. | Add +1.0% | 0.03% | +0.01 |
| MDY State Street SPDR S&P Midcap | New | 0.01% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +29.8% | 0.02% | +0.00 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.00% | +0.00 |
| CTAS Cintas Corp. | Add +14.4% | 0.04% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 0.18% | +0.00 |
| WAT Waters Corp. | 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 |