Andrew Adams, Mairs & Power Funds

Portfolio USD 10,899,988,000 across 235 positions as of 2026 Q2; history from 2024 Q1. Source: quarterly 13F filings via dataroma.com.

Positions, 2026 Q2

• NVDA NVIDIA Corp.: 8.6% of portfolio, USD 941,982,000, reduce -1.12%
• MSFT Microsoft Corp.: 6.7% of portfolio, USD 727,664,000, add +0.43%
• AMZN Amazon.com Inc.: 5.7% of portfolio, USD 619,551,000, reduce -0.13%
• GOOG Alphabet Inc. CL C: 5.5% of portfolio, USD 594,809,000, add +4.46%
• LLY Eli Lilly & Co.: 3.5% of portfolio, USD 386,371,000, reduce -1.28%
• NVT nVent Electric plc: 3.2% of portfolio, USD 348,178,000, reduce -0.66%
• AAPL Apple Inc.: 3.0% of portfolio, USD 329,421,000, reduce -5.79%
• JPM JPMorgan Chase & Co.: 2.8% of portfolio, USD 302,306,000, reduce -12.39%
• V Visa Inc.: 2.7% of portfolio, USD 292,330,000, add +1.32%
• GGG Graco Inc.: 2.6% of portfolio, USD 287,125,000, reduce -0.48%
• LFUS Littelfuse Inc.: 2.5% of portfolio, USD 274,156,000, reduce -16.92%
• TTC Toro Co.: 2.4% of portfolio, USD 260,742,000, reduce -1.56%
• ENTG Entegris Inc.: 2.2% of portfolio, USD 234,113,000, reduce -3.09%
• UNH United Health Group Inc.: 2.1% of portfolio, USD 232,732,000, reduce -24.44%
• TSM Taiwan Semiconductor S.A.: 2.1% of portfolio, USD 227,440,000, reduce -2.06%
• MSI Motorola Solutions Inc.: 2.1% of portfolio, USD 226,282,000, add +0.77%
• ECL Ecolab Inc.: 2.0% of portfolio, USD 216,631,000, add +2.06%
• WEC WEC Energy Group: 1.9% of portfolio, USD 208,774,000, reduce -6.43%
• PANW Palo Alto Networks: 1.9% of portfolio, USD 204,558,000, add +12.61%
• LNT Alliant Energy: 1.9% of portfolio, USD 202,772,000, reduce -8%
• TECH Bio-Techne Corp.: 1.8% of portfolio, USD 190,804,000, reduce -1.8%
• META Meta Platforms Inc.: 1.7% of portfolio, USD 187,503,000, add +2.54%
• FAST Fastenal: 1.7% of portfolio, USD 185,919,000, reduce -1.31%
• SHW Sherwin-Williams: 1.4% of portfolio, USD 151,703,000, add +0.65%
• CHRW C.H. Robinson Worldwide: 1.3% of portfolio, USD 145,155,000, reduce -9.14%
• FUL H.B. Fuller Co.: 1.3% of portfolio, USD 141,946,000, add +3.11%
• VZ Verizon Communications: 1.3% of portfolio, USD 139,377,000, reduce -0.71%
• WM Waste Management Inc.: 1.2% of portfolio, USD 131,728,000, add +48.41%
• ROK Rockwell Automation Inc.: 1.2% of portfolio, USD 127,637,000, reduce -9.08%
• FISV Fiserv Inc.: 1.0% of portfolio, USD 112,473,000, add +6.51%
• JNJ Johnson & Johnson: 1.0% of portfolio, USD 107,432,000, reduce -26.76%
• AMP Ameriprise Financial Inc.: 0.9% of portfolio, USD 98,200,000, add +8.63%
• CGNX Cognex Corp.: 0.9% of portfolio, USD 94,715,000, add +6.86%
• HRL Hormel Foods Corp.: 0.8% of portfolio, USD 84,340,000, reduce -0.58%
• CASY Casey's Gen'l Stores: 0.7% of portfolio, USD 72,425,000, reduce -5.02%
• WFC Wells Fargo: 0.7% of portfolio, USD 72,077,000, reduce -36.14%
• AJG Arthur J. Gallagher & Co.: 0.7% of portfolio, USD 71,520,000, new
• ABT Abbott Labs: 0.6% of portfolio, USD 66,182,000, add +1.05%
• TXN Texas Instruments: 0.6% of portfolio, USD 64,816,000, reduce -5.93%
• TNC Tennant Co.: 0.6% of portfolio, USD 59,685,000, reduce -15.14%
• ISRG Intuitive Surgical Inc.: 0.5% of portfolio, USD 58,244,000, add +46.63%
• MMM 3M Co.: 0.5% of portfolio, USD 56,563,000, reduce -0.71%
• HD Home Depot: 0.5% of portfolio, USD 53,767,000, reduce -0.62%
• TRV Travelers Companies Inc.: 0.5% of portfolio, USD 51,658,000, add +9.88%
• AXP American Express: 0.5% of portfolio, USD 49,253,000, reduce -2.16%
• IDA IDACORP Inc. Hldg. Co.: 0.4% of portfolio, USD 46,898,000, add +2.85%
• MEDP Medpace Holdings Inc.: 0.4% of portfolio, USD 45,923,000, add +1.16%
• CME CME Group: 0.4% of portfolio, USD 43,191,000, new
• DCI Donaldson Co.: 0.4% of portfolio, USD 41,628,000, reduce -7.14%
• WK Workiva Inc.: 0.4% of portfolio, USD 40,239,000, add +15.91%
• PIPR Piper Sandler Companies: 0.4% of portfolio, USD 39,389,000, reduce -0.29%
• SFM Sprouts Farmers Market Inc.: 0.4% of portfolio, USD 38,215,000, add +54.64%
• PG Procter & Gamble: 0.3% of portfolio, USD 35,989,000, add +0.83%
• USB U.S. Bancorp: 0.3% of portfolio, USD 33,912,000, reduce -6.66%
• ZTS Zoetis Inc.: 0.3% of portfolio, USD 33,596,000, add +54.24%
• QCOM QUALCOMM Inc.: 0.3% of portfolio, USD 33,231,000, reduce -62.38%
• XEL Xcel Energy Inc.: 0.3% of portfolio, USD 31,518,000, reduce -2.43%
• BSY Bentley Systems Inc Class B: 0.3% of portfolio, USD 28,997,000, add +310.79%
• ADP Automatic Data Processing Inc.: 0.3% of portfolio, USD 28,480,000, add +2.2%
• MDT Medtronic plc: 0.3% of portfolio, USD 28,425,000, reduce -9.61%
• GNRC Generac Holdings Inc.: 0.3% of portfolio, USD 27,347,000, reduce -6.37%
• HONA Honeywell Aerospace Inc: 0.2% of portfolio, USD 22,117,000, new
• GLW Corning Inc.: 0.2% of portfolio, USD 21,826,000, reduce -3.18%
• TGT Target Corp.: 0.2% of portfolio, USD 20,801,000, reduce -5.7%
• SCHW Charles Schwab Corp.: 0.2% of portfolio, USD 19,957,000, reduce -12.69%
• GOOGL Alphabet Inc.: 0.2% of portfolio, USD 19,344,000, reduce -2.94%
• CAT Caterpillar Inc.: 0.2% of portfolio, USD 19,277,000, reduce -1.89%
• DIS Walt Disney Co.: 0.2% of portfolio, USD 16,712,000, reduce -27.61%
• CLFD Clearfield Inc.: 0.1% of portfolio, USD 15,329,000, reduce -47.35%
• BMI Badger Meter Inc.: 0.1% of portfolio, USD 14,759,000, reduce -5.11%
• PFG Principal Financial Group: 0.1% of portfolio, USD 14,581,000, reduce -17.45%
• AIR AAR Corp.: 0.1% of portfolio, USD 11,997,000, reduce -6.11%
• PLXS Plexus Corp.: 0.1% of portfolio, USD 11,809,000, reduce -14.37%
• BRK.B Berkshire Hathaway CL B: 0.1% of portfolio, USD 11,804,000, reduce -1.42%
• ABBV AbbVie Inc.: 0.1% of portfolio, USD 11,249,000, reduce -1.36%
• XOM ExxonMobil Holdings Corp.: 0.1% of portfolio, USD 11,184,000, reduce -2.06%
• AMBA Ambarella Inc.: 0.1% of portfolio, USD 10,841,000, add +7.46%
• KNF Knife River Corp.: 0.1% of portfolio, USD 10,739,000, reduce -4.5%
• HSY Hershey Co.: 0.1% of portfolio, USD 10,710,000, reduce -5.45%
• MINN Mairs & Power Mn Muni Bond: 0.1% of portfolio, USD 10,541,000, add +14.56%
• ONB Old National Bancorp: 0.1% of portfolio, USD 10,083,000, reduce -10.13%
• JBTM JBT Marel Corp.: 0.1% of portfolio, USD 9,782,000, add +14.15%
• WTFC Wintrust Financial Corp.: 0.1% of portfolio, USD 9,428,000, add +1.58%
• EMR Emerson Electric: 0.1% of portfolio, USD 9,052,000, reduce -2.34%
• QCRH QCR Holdings Inc.: 0.1% of portfolio, USD 8,859,000, hold
• PATK Patrick Industries Inc.: 0.1% of portfolio, USD 8,513,000, add +63.79%
• ASB Associated Banc-Corp: 0.1% of portfolio, USD 8,309,000, hold
• VOO Vanguard S&P 500 ETF: 0.1% of portfolio, USD 8,308,000, reduce -18.63%
• RDNT RadNet Inc.: 0.1% of portfolio, USD 8,209,000, hold
• IVV Ishares Core S&P 500 ETF: 0.1% of portfolio, USD 7,978,000, add +64.9%
• AMAT Applied Materials: 0.1% of portfolio, USD 7,958,000, reduce -2.83%
• SCHB Schwab Us Broad Market ETF: 0.1% of portfolio, USD 7,566,000, hold
• BKH Black Hills: 0.1% of portfolio, USD 7,312,000, hold
• LTH Life Time Group Holdings Inc: 0.1% of portfolio, USD 7,037,000, hold
• CVX Chevron Corp.: 0.1% of portfolio, USD 6,821,000, add +5.46%
• MRK Merck & Co.: 0.1% of portfolio, USD 6,620,000, add +2.33%
• CFR Cullen Frost Bankers: 0.1% of portfolio, USD 6,597,000, hold
• ALRS Alerus Financial Corp.: 0.1% of portfolio, USD 6,326,000, add +156.08%
• JHX James Hardie Industries PLC: 0.1% of portfolio, USD 6,302,000, reduce -0.02%
• SPY SPDR S&P 500 ETF Trust: 0.1% of portfolio, USD 6,183,000, reduce -69.54%
• WWD Woodward Inc.: 0.1% of portfolio, USD 5,956,000, hold
• TREX Trex Company Inc.: 0.1% of portfolio, USD 5,806,000, hold
• HUBG Hub Group 'A': 0.1% of portfolio, USD 5,687,000, reduce -18.79%
• SOLV Solventum Corp: 0.1% of portfolio, USD 5,589,000, reduce -0.1%
• GBCI Glacier Bancorp: 0.1% of portfolio, USD 5,478,000, hold
• OSK Oshkosh Corp.: 0.1% of portfolio, USD 5,093,000, hold
• CTAS Cintas Corp.: <0.1% of portfolio, USD 4,637,000, add +21.5%
• PNR Pentair plc: <0.1% of portfolio, USD 4,373,000, reduce -0.94%
• KHC Kraft Heinz Co.: <0.1% of portfolio, USD 4,221,000, reduce -43.55%
• PII Polaris Inc.: <0.1% of portfolio, USD 4,196,000, reduce -1.89%
• SYY Sysco Corp.: <0.1% of portfolio, USD 4,057,000, reduce -51.1%
• MCD McDonald's Corp.: <0.1% of portfolio, USD 3,807,000, reduce -1.7%
• BRK.A Berkshire Hathaway CL A: <0.1% of portfolio, USD 3,744,000, hold
• NWE Northwestern Corp.: <0.1% of portfolio, USD 3,666,000, reduce -40.48%
• HWKN Hawkins Inc.: <0.1% of portfolio, USD 3,572,000, reduce -3.14%
• VO Vanguard Mid Cap ETF: <0.1% of portfolio, USD 3,170,000, reduce -10.55%
• GE GE Aerospace: <0.1% of portfolio, USD 2,812,000, hold
• VEA Vanguard FTSE Developed ETF: <0.1% of portfolio, USD 2,799,000, reduce -13.17%
• COST Costco Co.: <0.1% of portfolio, USD 2,772,000, hold
• COP ConocoPhillips: <0.1% of portfolio, USD 2,687,000, reduce -0.7%
• NKE NIKE Inc.: <0.1% of portfolio, USD 2,621,000, reduce -3.2%
• APG APi Group Corp.: <0.1% of portfolio, USD 2,455,000, hold
• GIS General Mills: <0.1% of portfolio, USD 2,441,000, reduce -27.62%
• CSCO Cisco Systems: <0.1% of portfolio, USD 2,318,000, reduce -0.48%
• INTC Intel Corp.: <0.1% of portfolio, USD 2,029,000, add +1.4%
• ORCL Oracle Corp.: <0.1% of portfolio, USD 1,999,000, reduce -55.59%
• KO Coca Cola Co.: <0.1% of portfolio, USD 1,907,000, add +0.66%
• XYL Xylem Inc.: <0.1% of portfolio, USD 1,826,000, add +9.65%
• WMT Walmart Inc.: <0.1% of portfolio, USD 1,790,000, add +0.64%
• AMGN Amgen: <0.1% of portfolio, USD 1,783,000, reduce -0.81%
• EFA iShares MSCI EAFE ETF: <0.1% of portfolio, USD 1,695,000, add +3.92%
• PFE Pfizer Inc.: <0.1% of portfolio, USD 1,630,000, reduce -5.78%
• RTX RTX Corp.: <0.1% of portfolio, USD 1,602,000, reduce -1.35%
• VB Vanguard Small Cap ETF: <0.1% of portfolio, USD 1,550,000, reduce -11.9%
• LOW Lowe's Cos.: <0.1% of portfolio, USD 1,506,000, reduce -0.26%
• SOLS Solstice Adv Materials Inc: <0.1% of portfolio, USD 1,475,000, reduce -25.16%
• BMY Bristol-Myers Squibb: <0.1% of portfolio, USD 1,422,000, add +2%
• WAB WABTEC Corp.: <0.1% of portfolio, USD 1,412,000, hold
• AVGO Broadcom Inc.: <0.1% of portfolio, USD 1,384,000, add +3.68%
• CIEN Ciena Corp.: <0.1% of portfolio, USD 1,374,000, hold
• MGEE MGE Energy Inc.: <0.1% of portfolio, USD 1,346,000, new
• QQQ Invesco Qqq Trust Series 1: <0.1% of portfolio, USD 1,304,000, add +0.57%
• GLD SPDR Gold Trust: <0.1% of portfolio, USD 1,295,000, add +145.8%
• SYK Stryker Corp.: <0.1% of portfolio, USD 1,282,000, reduce -2%
• PEP PepsiCo Inc.: <0.1% of portfolio, USD 1,242,000, add +2.19%
• UPS United Parcel Service: <0.1% of portfolio, USD 1,237,000, reduce -33.96%
• SNA Snap-On Inc.: <0.1% of portfolio, USD 1,216,000, reduce -3.2%
• BMO Bank of Montreal: <0.1% of portfolio, USD 1,192,000, hold
• CM Can Imperial Bk Of Commerce: <0.1% of portfolio, USD 1,170,000, hold
• VSAT Viasat Inc.: <0.1% of portfolio, USD 1,168,000, hold
• VCEL Vericel Corp.: <0.1% of portfolio, USD 1,151,000, hold
• PSX Phillips 66: <0.1% of portfolio, USD 1,108,000, reduce -0.76%
• VONE Vanguard Russell 1000: <0.1% of portfolio, USD 1,105,000, hold
• IDXX IDEXX Laboratories: <0.1% of portfolio, USD 1,095,000, hold
• BDX Becton Dickinson: <0.1% of portfolio, USD 1,077,000, hold
• NEE NextEra Energy Inc.: <0.1% of portfolio, USD 1,062,000, reduce -1.43%
• BAC Bank of America Corp.: <0.1% of portfolio, USD 1,059,000, reduce -14.35%
• KMB Kimberly-Clark: <0.1% of portfolio, USD 1,049,000, reduce -1.42%
• VWO Vanguard FTSE Emerging Marke: <0.1% of portfolio, USD 1,036,000, reduce -15.4%
• IWP Ishares Russell Mid Cap Grow: <0.1% of portfolio, USD 1,034,000, new
• IBM International Business Machines: <0.1% of portfolio, USD 1,026,000, hold
• AXGN AxoGen Inc.: <0.1% of portfolio, USD 1,016,000, hold
• GEV Ge Vernova Inc: <0.1% of portfolio, USD 994,000, hold
• AMD Advanced Micro Devices: <0.1% of portfolio, USD 957,000, reduce -14.61%
• UNP Union Pacific: <0.1% of portfolio, USD 929,000, reduce -18.5%
• IEX IDEX Corp.: <0.1% of portfolio, USD 908,000, hold
• XLK Technology Select Sect SPDR: <0.1% of portfolio, USD 852,000, hold
• BNY Bank of New York Mellon Corp.: <0.1% of portfolio, USD 851,000, hold
• SCHF Schwab Intl Equity ETF: <0.1% of portfolio, USD 847,000, hold
• CB Chubb Limited: <0.1% of portfolio, USD 837,000, add +0.7%
• IJH Ishares Core S&P Midcap ETF: <0.1% of portfolio, USD 829,000, new
• NSC Norfolk Southern Corp.: <0.1% of portfolio, USD 815,000, reduce -4.6%
• ALCC-OLD AltC Acquisition Corp.: <0.1% of portfolio, USD 814,000, hold
• BIL SPDR Bloomberg 1 3 Month T B: <0.1% of portfolio, USD 791,000, add +23.51%
• AMCR Amcor plc: <0.1% of portfolio, USD 743,000, hold
• IWR Ishares Russell Mid Cap ETF: <0.1% of portfolio, USD 718,000, new
• VGLT Vanguard Long Term Treasury: <0.1% of portfolio, USD 710,000, hold
• WY Weyerhaeuser Co.: <0.1% of portfolio, USD 707,000, reduce -18.27%
• RSP Invesco S&P 500 Equal Weight: <0.1% of portfolio, USD 660,000, reduce -42.43%
• AWK American Water Works Inc.: <0.1% of portfolio, USD 658,000, reduce -0.5%
• BRC Brady Corp.: <0.1% of portfolio, USD 641,000, hold
• SHEL Shell plc: <0.1% of portfolio, USD 631,000, hold
• NVEC NVE Corp.: <0.1% of portfolio, USD 627,000, hold
• TMO Thermo Fisher Scientific: <0.1% of portfolio, USD 622,000, hold
• IWD Ishares Russell 1000 Value E: <0.1% of portfolio, USD 621,000, hold
• ACWX iShares MSCI ACWI EX U.S. ETF: <0.1% of portfolio, USD 575,000, hold
• BA Boeing Co.: <0.1% of portfolio, USD 574,000, add +2.04%
• VTI Vanguard Total Stock Mkt ETF: <0.1% of portfolio, USD 572,000, add +0.06%
• ZBH Zimmer Biomet Holdings: <0.1% of portfolio, USD 570,000, reduce -17.7%
• MDY SPDR S&P Midcap 400 ETF Trst: <0.1% of portfolio, USD 561,000, reduce -2.56%
• DGII Digi International: 0.0% of portfolio, USD 525,000, hold
• TJX TJX Companies Inc.: 0.0% of portfolio, USD 516,997, add +3.02%
• TT Trane Technologies plc: 0.0% of portfolio, USD 493,004, reduce -8.48%
• MU Micron Technology Inc.: 0.0% of portfolio, USD 473,001, reduce -40.84%
• HBAN Huntington Bancshares: 0.0% of portfolio, USD 463,874, reduce -3.91%
• PM Philip Morris Intl.: 0.0% of portfolio, USD 458,994, hold
• SKYT-OLD Skywater Technology Inc: 0.0% of portfolio, USD 453,050, hold
• IWM iShares Russell 2000 ETF: 0.0% of portfolio, USD 453,004, new
• BSX Boston Scientific: 0.0% of portfolio, USD 423,000, reduce -2.57%
• BBY Best Buy Co. Inc.: 0.0% of portfolio, USD 417,000, reduce -6.7%
• NTRS Northern Trust Corp.: 0.0% of portfolio, USD 417,000, hold
• CRM Salesforce.com: 0.0% of portfolio, USD 416,009, reduce -94.69%
• ITW Illinois Tool Works: 0.0% of portfolio, USD 414,993, add +3.37%
• IWO Ishares Russell 2000 Growth: 0.0% of portfolio, USD 409,999, new
• ADBE Adobe Inc.: 0.0% of portfolio, USD 404,000, reduce -1.99%
• VIG Vanguard Dividend Apprec ETF: 0.0% of portfolio, USD 400,006, reduce -26.52%
• USMV Ishares Msci Usa Min Vol Fac: 0.0% of portfolio, USD 369,018, reduce -1.49%
• WAT Waters Corp.: 0.0% of portfolio, USD 359,999, add +0.1%
• IJR Ishares Core S&P Small Cap E: 0.0% of portfolio, USD 356,993, hold
• MPC Marathon Petroleum Corp.: 0.0% of portfolio, USD 355,006, hold
• DE Deere & Co.: 0.0% of portfolio, USD 352,999, reduce -2.62%
• IWS Ishares Russell Mid Cap Valu: 0.0% of portfolio, USD 347,994, new
• MOS Mosaic Co.: 0.0% of portfolio, USD 339,040, reduce -20%
• LRCX Lam Research: 0.0% of portfolio, USD 331,000, new
• AMT American Tower Corp.: 0.0% of portfolio, USD 330,000, hold
• MO Altria Group Inc.: 0.0% of portfolio, USD 328,980, add +0.07%
• BOH Bank of Hawaii Corp.: 0.0% of portfolio, USD 326,000, hold
• VGT Vanguard Info Tech ETF: 0.0% of portfolio, USD 320,998, add +0.67%
• LHX L3Harris Technologies Inc.: 0.0% of portfolio, USD 300,004, hold
• TKR Timken Co.: 0.0% of portfolio, USD 291,000, hold
• BAX Baxter International Inc.: 0.0% of portfolio, USD 267,000, reduce -44.41%
• VRT Vertiv Holdings Co.: 0.0% of portfolio, USD 261,004, new
• IVE Ishares S&P 500 Value ETF: 0.0% of portfolio, USD 259,998, hold
• DHR Danaher Corp.: 0.0% of portfolio, USD 217,996, add +0.62%
• MS Morgan Stanley: 0.0% of portfolio, USD 217,001, new
• RF Regions Financial Corp.: 0.0% of portfolio, USD 210,980, new
• BP BP plc: 0.0% of portfolio, USD 207,000, hold
• ECG Everus Construction Group Inc.: 0.0% of portfolio, USD 207,000, new
• AME Ametek Inc.: 0.0% of portfolio, USD 206,000, new
• CARR Carrier Global Corp.: 0.0% of portfolio, USD 204,001, new
• MA Mastercard Inc.: 0.0% of portfolio, USD 202,998, reduce -24.04%
• ADI Analog Devices: 0.0% of portfolio, USD 202,000, reduce -21.45%
• MRSH Marsh: 0.0% of portfolio, USD 200,004, reduce -7.69%
• AEBI Aebi Schmidt Holding Ag: 0.0% of portfolio, USD 131,000, hold
• SNAP Snap Inc.: 0.0% of portfolio, USD 100,011, hold

Portfolio value, all published quarters

• 2024 Q1: USD 10,333,938,852
• 2024 Q2: USD 10,355,960,878
• 2024 Q3: USD 10,635,936,974
• 2024 Q4: USD 10,342,214,978
• 2025 Q1: USD 9,610,823,611
• 2025 Q2: USD 10,133,875,460
• 2025 Q3: USD 10,646,753,250
• 2025 Q4: USD 10,400,584,894
• 2026 Q1: USD 9,783,416,038
• 2026 Q2: USD 10,899,988,000