Mairs & Power Inc 13F annual report

Mairs & Power Inc is an investment fund managing more than $10.3 trillion ran by Robert Mairs. There are currently 211 companies in Mr. Mairs’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $1.64 trillion.

Limited to 30 biggest holdings

$10.3 trillion Assets Under Management (AUM)

As of 7th August 2024, Mairs & Power Inc’s top holding is 1,957,122 shares of Microsoft currently worth over $875 billion and making up 8.5% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Mairs & Power Inc owns more than approximately 0.1% of the company. In addition, the fund holds 6,185,938 shares of NVIDIA Corp worth $764 billion, whose value fell 84.3% in the past six months. The third-largest holding is Alphabet Inc worth $522 billion and the next is Amazon.com worth $454 billion, with 2,350,397 shares owned.

Currently, Mairs & Power Inc's portfolio is worth at least $10.3 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Mairs & Power Inc

The Mairs & Power Inc office and employees reside in St Paul, Minnesota. According to the last 13-F report filed with the SEC, Robert Mairs serves as the Chief Compliance Officer at Mairs & Power Inc.

Recent trades

In the most recent 13F filing, Mairs & Power Inc revealed that it had opened a new position in Solventum Corp and bought 44,492 shares worth $2.35 billion.

The investment fund also strengthened its position in NVIDIA Corp by buying 5,530,081 additional shares. This makes their stake in NVIDIA Corp total 6,185,938 shares worth $764 billion. NVIDIA Corp dropped 73.5% in the past year.

On the other hand, there are companies that Mairs & Power Inc is getting rid of from its portfolio. Mairs & Power Inc closed its position in Marcus on 14th August 2024. It sold the previously owned 169,856 shares for $2.42 billion. Robert Mairs also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $875 billion and 1,957,122 shares.

One of the largest hedge funds

The two most similar investment funds to Mairs & Power Inc are Tredje Ap-fonden and B. Metzler Seel. Sohn & Co. Ag. They manage $10.4 trillion and $10.4 trillion respectively.


Robert Mairs investment strategy

Mairs & Power Inc’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 32.0% of the total portfolio value. The fund focuses on investments in the United States as 64.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 47% of the total holdings value. On the other hand, small-cap stocks make up only 0.9% of the portfolio. The average market cap of the portfolio companies is close to $121 billion.

The complete list of Mairs & Power Inc trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Microsoft Corporation
0.49%
1,957,122
$874,735,707,000 8.45%
NVIDIA Corp
843.18%
6,185,938
$764,210,716,000 7.38%
Alphabet Inc
12.09%
2,846,325
$522,033,737,000 5.04%
Amazon.com Inc.
3.28%
2,350,397
$454,214,220,000 4.39%
Unitedhealth Group Inc
3.46%
844,815
$430,230,520,000 4.16%
JPMorgan Chase & Co.
0.41%
1,723,515
$348,598,144,000 3.37%
Eli Lilly & Co
3.93%
350,150
$317,018,807,000 3.06%
Toro Co.
0.05%
3,246,014
$303,534,730,000 2.93%
Graco Inc.
0.81%
3,761,269
$298,193,353,000 2.88%
Fiserv, Inc.
0.91%
1,892,102
$281,998,882,000 2.72%
Apple Inc
36.38%
1,303,200
$274,480,017,000 2.65%
Qualcomm, Inc.
0.95%
1,300,270
$258,987,779,000 2.50%
Medtronic Plc
1.56%
2,939,942
$231,402,825,000 2.24%
Littelfuse, Inc.
1.03%
848,926
$216,976,996,000 2.10%
Us Bancorp Del
11.79%
5,159,501
$204,832,189,000 1.98%
Ecolab, Inc.
15.85%
834,391
$198,584,909,000 1.92%
Bio-Techne Corp
7.40%
2,740,392
$196,349,072,000 1.90%
Alliant Energy Corp.
15.36%
3,831,399
$195,018,209,000 1.88%
Motorola Solutions Inc
1.17%
494,963
$191,080,466,000 1.85%
Verizon Communications Inc
14.69%
4,593,086
$189,418,867,000 1.83%
nVent Electric plc
8.12%
2,416,977
$185,164,581,000 1.79%
Visa Inc
9.52%
686,966
$180,307,925,000 1.74%
Johnson & Johnson
2.86%
1,181,725
$172,720,916,000 1.67%
Fuller H B Co
1.41%
2,179,374
$167,724,625,000 1.62%
Fastenal Co.
1.07%
2,663,313
$167,362,608,000 1.62%
Hormel Foods Corp.
8.52%
5,075,509
$154,752,269,000 1.50%
Wells Fargo Co New
9.80%
2,406,731
$142,935,759,000 1.38%
Sherwin-Williams Co.
0.22%
459,953
$137,263,923,000 1.33%
Honeywell International Inc
7.14%
617,330
$131,824,547,000 1.27%
Entegris Inc
1.58%
932,538
$126,265,645,000 1.22%
Tennant Co.
2.14%
1,194,609
$117,597,310,000 1.14%
Abbott Labs
12.55%
1,092,796
$113,552,511,000 1.10%
Rockwell Automation Inc
5.09%
402,373
$110,765,234,000 1.07%
Donaldson Co. Inc.
6.38%
1,498,820
$107,255,526,000 1.04%
Schwab Charles Corp
1.41%
1,367,378
$100,762,085,000 0.97%
Principal Financial Group In
1.66%
1,207,976
$94,765,706,000 0.92%
Sysco Corp.
11.45%
1,124,295
$80,263,420,000 0.78%
Target Corp
0.75%
455,295
$67,401,878,000 0.65%
Salesforce Inc
3.92%
256,559
$65,961,319,000 0.64%
Best Buy Co. Inc.
7.48%
744,615
$62,763,598,000 0.61%
Piper Sandler Companies
1.14%
262,302
$60,374,051,000 0.58%
C.H. Robinson Worldwide, Inc.
1.94%
678,810
$59,816,731,000 0.58%
Workiva Inc
3.46%
783,410
$57,181,096,000 0.55%
Home Depot, Inc.
3.24%
163,637
$56,330,607,000 0.54%
Caseys Gen Stores Inc
4.15%
143,490
$54,750,044,000 0.53%
American Express Co.
3.03%
227,516
$52,681,401,000 0.51%
Texas Instrs Inc
6.58%
219,368
$42,673,657,000 0.41%
Disney Walt Co
6.44%
355,626
$35,310,108,000 0.34%
Procter And Gamble Co
4.26%
181,594
$29,948,424,000 0.29%
Polaris Inc
1.10%
361,645
$28,320,420,000 0.27%
Ulta Beauty Inc
12.70%
72,994
$28,166,195,000 0.27%
Automatic Data Processing In
10.84%
106,616
$25,448,173,000 0.25%
Old Natl Bancorp Ind
No change
1,473,316
$25,326,302,000 0.24%
Generac Holdings Inc
4.79%
190,653
$25,208,140,000 0.24%
Badger Meter Inc.
4.00%
128,205
$23,891,090,000 0.23%
3M Co.
2.84%
216,632
$22,137,575,000 0.21%
Hershey Company
5.45%
107,398
$19,742,974,000 0.19%
Xcel Energy Inc.
1.27%
359,756
$19,214,593,000 0.19%
Travelers Companies Inc.
1.77%
79,090
$16,082,161,000 0.16%
United Parcel Service, Inc.
22.72%
109,976
$15,050,237,000 0.15%
AAR Corp.
11.27%
178,119
$12,949,251,000 0.13%
Altair Engr Inc
5.68%
130,908
$12,839,457,000 0.12%
Hub Group, Inc.
1.29%
292,839
$12,606,719,000 0.12%
Medpace Holdings Inc
0.07%
28,809
$11,864,987,000 0.11%
John Bean Technologies Corp
9.34%
122,627
$11,645,886,000 0.11%
Azek Co Inc
6.37%
262,415
$11,055,544,000 0.11%
Meta Platforms Inc
26.65%
21,592
$10,887,118,000 0.11%
Clearfield Inc
8.69%
281,696
$10,862,198,000 0.10%
Berkshire Hathaway Inc.
0.32%
26,385
$14,404,423,000 0.14%
Plexus Corp.
0.38%
99,562
$10,272,807,000 0.10%
Wintrust Finl Corp
16.88%
100,705
$9,925,485,000 0.10%
MGP Ingredients, Inc.
23.69%
130,228
$9,688,963,000 0.09%
Gentherm Inc
3.84%
183,998
$9,074,781,000 0.09%
Associated Banc-Corp.
11.43%
420,295
$8,889,239,000 0.09%
Cullen Frost Bankers Inc.
11.36%
87,066
$8,848,518,000 0.09%
Ameriprise Finl Inc
200.55%
20,633
$8,814,211,000 0.09%
Inspire Med Sys Inc
7.85%
63,833
$8,542,770,000 0.08%
General Mls Inc
4.13%
132,536
$8,384,227,000 0.08%
Knife River Corp
8.11%
118,150
$8,287,041,000 0.08%
Qcr Holdings Inc
13.52%
136,408
$8,184,480,000 0.08%
Abbvie Inc
6.23%
46,351
$7,950,124,000 0.08%
Black Hills Corporation
0.06%
140,715
$7,652,082,000 0.07%
Emerson Elec Co
3.60%
68,718
$7,569,975,000 0.07%
Glacier Bancorp, Inc.
9.13%
195,440
$7,293,821,000 0.07%
Northwestern Energy Group In
0.08%
137,385
$6,880,241,000 0.07%
Jamf Hldg Corp
7.70%
411,644
$6,792,126,000 0.07%
Merck & Co Inc
3.80%
54,851
$6,790,554,000 0.07%
Neogen Corp.
13.75%
391,857
$6,124,724,000 0.06%
Palo Alto Networks Inc
0.94%
17,173
$5,821,819,000 0.06%
Caterpillar Inc.
1.99%
17,088
$5,692,013,000 0.06%
Pentair plc
20.25%
72,900
$5,589,243,000 0.05%
Schwab Strategic Tr
1.39%
102,852
$6,099,555,000 0.06%
Oshkosh Corp
0.04%
50,465
$5,460,313,000 0.05%
Spdr S&p 500 Etf Tr
60.78%
8,893
$4,839,790,000 0.05%
Mcdonalds Corp
21.78%
16,431
$4,187,208,000 0.04%
Exxon Mobil Corp.
18.00%
36,251
$4,173,215,000 0.04%
Corning, Inc.
14.67%
107,055
$4,159,087,000 0.04%
Chevron Corp.
7.23%
22,595
$3,534,310,000 0.03%
Costco Whsl Corp New
18.45%
3,734
$3,173,863,000 0.03%
Ishares Tr
4.32%
22,637
$5,038,386,000 0.05%
Pfizer Inc.
17.47%
111,735
$3,126,345,000 0.03%
Conocophillips
5.98%
26,707
$3,054,747,000 0.03%
Cintas Corporation
No change
3,774
$2,642,781,000 0.03%
Woodward Inc
No change
14,000
$2,441,320,000 0.02%
Marcus Corp.
Closed
169,856
$2,422,147,000
Solventum Corp
Opened
44,492
$2,352,737,000 0.02%
Baxter International Inc.
23.67%
61,308
$2,050,753,000 0.02%
Alerus Finl Corp
21.18%
97,964
$1,921,074,000 0.02%
AMGEN Inc.
18.33%
5,950
$1,859,078,000 0.02%
Oracle Corp.
49.72%
13,090
$1,848,308,000 0.02%
Becton Dickinson & Co.
No change
7,749
$1,811,019,000 0.02%
Select Sector Spdr Tr
5.44%
7,989
$1,807,398,000 0.02%
Zimmer Biomet Holdings Inc
1.21%
16,300
$1,769,039,000 0.02%
Applied Matls Inc
No change
7,477
$1,764,497,000 0.02%
Cvrx Inc
39.76%
139,621
$1,674,056,000 0.02%
Kimberly-Clark Corp.
4.95%
11,989
$1,656,880,000 0.02%
Exact Sciences Corp.
61.16%
38,525
$1,627,681,000 0.02%
Amcor Plc
0.24%
154,010
$1,506,218,000 0.01%
Lowes Cos Inc
2.31%
6,728
$1,483,255,000 0.01%
Coca-Cola Co
6.89%
22,910
$1,458,222,000 0.01%
Stryker Corp.
No change
4,000
$1,361,000,000 0.01%
Pepsico Inc
8.53%
7,925
$1,307,070,000 0.01%
Weyerhaeuser Co Mtn Be
2.13%
45,945
$1,304,379,000 0.01%
Skywater Technology Inc
No change
168,870
$1,291,856,000 0.01%
Union Pac Corp
3.92%
5,509
$1,246,466,000 0.01%
GE Aerospace
14.10%
7,783
$1,237,264,000 0.01%
Bristol-Myers Squibb Co.
36.81%
29,382
$1,220,234,000 0.01%
Idexx Labs Inc
3.10%
2,502
$1,218,974,000 0.01%
Hawkins Inc
No change
13,320
$1,212,120,000 0.01%
Vericel Corp
No change
25,915
$1,188,980,000 0.01%
Snap-on, Inc.
21.07%
4,365
$1,140,967,000 0.01%
Mosaic Co New
No change
39,000
$1,127,100,000 0.01%
Intel Corp.
19.37%
35,788
$1,108,354,000 0.01%
Northern Tr Corp
86.33%
12,857
$1,079,731,000 0.01%
Adobe Inc
1.96%
1,920
$1,066,637,000 0.01%
Phillips 66
No change
7,400
$1,044,658,000 0.01%
Shell Plc
No change
13,920
$1,004,746,000 0.01%
Thermo Fisher Scientific Inc.
17.46%
1,810
$1,000,930,000 0.01%
Patterson Cos Inc
No change
39,150
$944,298,000 0.01%
Bank America Corp
1.25%
23,732
$943,822,000 0.01%
Walmart Inc
24.34%
13,618
$922,075,000 0.01%
RTX Corp
22.03%
9,051
$908,630,000 0.01%
Cisco Sys Inc
3.86%
18,308
$869,813,000 0.01%
Idex Corporation
No change
4,000
$804,800,000 0.01%
Boston Scientific Corp.
1.91%
10,269
$790,816,000 0.01%
Bank Montreal Que
No change
9,000
$754,650,000 0.01%
NextEra Energy Inc
150.12%
10,040
$710,932,000 0.01%
Norfolk Southn Corp
16.04%
3,062
$657,381,000 0.01%
American Wtr Wks Co Inc New
No change
5,000
$645,800,000 0.01%
Allete, Inc.
4.61%
10,338
$644,574,000 0.01%
Schlumberger Ltd.
6.86%
13,575
$640,469,000 0.01%
Chubb Limited
23.52%
2,309
$588,980,000 0.01%
NVE Corp
No change
7,300
$545,237,000 0.01%
BP plc
No change
14,850
$536,085,000 0.01%
Spdr S&p Midcap 400 Etf Tr
Opened
985
$527,054,000 0.01%
United Fire Group Inc
No change
24,000
$515,760,000 0.00%
Sturm, Ruger & Co., Inc.
No change
12,000
$499,800,000 0.00%
Broadcom Inc
12.82%
308
$494,503,000 0.00%
Canadian Imperial Bk Comm To
No change
10,176
$483,767,000 0.00%
Huntington Bancshares, Inc.
No change
36,128
$476,167,000 0.00%
Vanguard Specialized Funds
11.84%
2,607
$475,908,000 0.00%
Brady Corp.
No change
7,000
$462,140,000 0.00%
Vanguard Index Fds
1.06%
2,059
$670,954,000 0.01%
Surmodics, Inc.
No change
10,000
$420,400,000 0.00%
Boeing Co.
10.47%
2,268
$412,799,000 0.00%
Mastercard Incorporated
27.47%
924
$407,632,000 0.00%
Illinois Tool Wks Inc
1.74%
1,699
$402,595,000 0.00%
American Tower Corp.
No change
2,020
$392,648,000 0.00%
Trane Technologies plc
1.31%
1,129
$371,362,000 0.00%
Lockheed Martin Corp.
13.94%
790
$369,009,000 0.00%
Paychex Inc.
7.52%
3,015
$357,458,000 0.00%
AT&T Inc.
0.81%
18,533
$354,166,000 0.00%
Nuveen Minn Quality Mun Inm
Closed
31,200
$350,803,000
Vanguard Index Fds
Opened
2,271
$556,028,000 0.01%
Healthpeak Properties Inc.
0.41%
17,663
$346,195,000 0.00%
Newmont Corp
No change
8,000
$334,960,000 0.00%
Ge Vernova Inc
Opened
1,942
$333,072,000 0.00%
WEC Energy Group Inc
5.00%
4,200
$329,532,000 0.00%
Zoetis Inc
0.68%
1,900
$329,384,000 0.00%
Nike, Inc.
9.20%
4,274
$322,131,000 0.00%
Chipotle Mexican Grill
4,900.00%
5,000
$313,250,000 0.00%
Cleveland-Cliffs Inc
23.08%
20,000
$307,800,000 0.00%
Tjx Cos Inc New
No change
2,759
$303,766,000 0.00%
Philip Morris International Inc
41.24%
2,800
$283,724,000 0.00%
Marsh & McLennan Cos., Inc.
38.57%
1,338
$281,943,000 0.00%
Deere & Co.
13.42%
742
$277,233,000 0.00%
MSA Safety Inc
2.65%
1,470
$275,904,000 0.00%
Tesla Inc
Closed
1,554
$273,178,000
Advanced Micro Devices Inc.
10.94%
1,673
$271,377,000 0.00%
Sonoco Prods Co
No change
5,000
$253,600,000 0.00%
United Rentals, Inc.
Closed
345
$248,783,000
Carrier Global Corporation
5.10%
3,867
$243,930,000 0.00%
Waste Mgmt Inc Del
11.40%
1,114
$237,661,000 0.00%
Harley-Davidson, Inc.
42.03%
7,000
$234,780,000 0.00%
Altria Group Inc.
0.06%
5,046
$229,823,000 0.00%
Bank Hawaii Corp
No change
4,000
$228,840,000 0.00%
Linde Plc.
No change
515
$225,987,000 0.00%
Starbucks Corp.
8.89%
2,899
$225,676,000 0.00%
Mondelez International Inc.
7.57%
3,393
$222,038,000 0.00%
Danaher Corp.
1.34%
884
$220,867,000 0.00%
Genuine Parts Co.
7.35%
1,575
$217,854,000 0.00%
Comcast Corp New
18.60%
5,554
$217,495,000 0.00%
Colgate-Palmolive Co.
24.57%
2,226
$216,011,000 0.00%
Cardinal Health, Inc.
No change
2,197
$216,009,000 0.00%
Sei Invts Co
No change
3,300
$213,477,000 0.00%
International Business Machs
Closed
1,117
$213,302,000
Autodesk Inc.
Closed
800
$208,336,000
Ford Mtr Co Del
Closed
15,600
$207,168,000
Digi International, Inc.
No change
9,000
$206,370,000 0.00%
Murphy Oil Corp.
No change
5,000
$206,200,000 0.00%
HP Inc
Opened
5,814
$203,606,000 0.00%
Accenture Plc Ireland
No change
671
$203,588,000 0.00%
Regions Financial Corp.
Opened
10,115
$202,705,000 0.00%
Marathon Pete Corp
Closed
1,000
$201,500,000
Ishares Tr
Closed
2,385
$200,555,000
Daktronics Inc.
Closed
19,000
$189,240,000
Smith & Wesson Brands, Inc.
No change
10,000
$143,400,000 0.00%
Axogen Inc.
No change
17,000
$123,080,000 0.00%
The Shyft Group, Inc.
No change
10,000
$118,600,000 0.00%
Snap Inc
Closed
10,000
$114,800,000
Arcadium Lithium Plc
No change
13,925
$46,788,000 0.00%
Plug Power Inc
No change
10,000
$23,300,000 0.00%
No transactions found
Showing first 500 out of 222 holdings