Mairs & Power
Portfolio value$10.9B
Positions254
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Mairs & Power Inc's Q2 2026 13F, filed Aug 14, 2026, reports 254 positions worth $10.9B. The ten largest are 44.3% of the book, led by NVIDIA at 8.6%, Microsoft at 6.7% and Amazon at 5.7%. Against Q1 2026: 17 bought, 56 added to, 109 reduced, 8 sold; the largest moves were reduced UnitedHealth (−24%) and bought Arthur J. Gallagher.
Where the money is
NVDAMSFTAMZNGOOG244 other
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| NVDA | Nvidia Corporation | 8.6% | $942.0M4.7M sh | 200.09 → +7% | 3% undervalued | reduced −1% |
| MSFT | Microsoft Corp | 6.7% | $727.7M2.0M sh | 373.02 → +42% | 10% overvalued | added +0% |
| AMZN | Amazon Com INC | 5.7% | $619.6M2.6M sh | 238.34 → +5% | 182% overvalued | reduced −0% |
| GOOG | Alphabet INC | 5.5% | $594.8M1.7M sh | 353.33 → −5% | 49% overvalued | added +4% |
| LLY | Eli Lilly & CO | 3.5% | $386.4M322,129 sh | 1,199.43 → +5% | 22% overvalued | reduced −1% |
| NVT | Nvent Elec PLC | 3.2% | $348.2M2.1M sh | 169.61 | — | reduced −1% |
| AAPL | Apple INC | 3.0% | $329.4M1.1M sh | 289.36 → +19% | 114% overvalued | reduced −6% |
| JPM | Jpmorgan Chase & CO | 2.8% | $302.3M923,550 sh | 327.33 → +4% | 11% overvalued | reduced −12% |
| V | Visa INC | 2.7% | $292.3M852,050 sh | 343.09 → +17% | 40% overvalued | added +1% |
| GGG | Graco INC | 2.6% | $287.1M3.8M sh | 75.61 | — | reduced −0% |
| LFUS | Littelfuse INC | 2.5% | $274.2M602,104 sh | 455.33 | — | reduced −17% |
| TTC | Toro CO | 2.4% | $260.7M2.7M sh | 97.42 | — | reduced −2% |
| ENTG | Entegris INC | 2.1% | $234.1M1.3M sh | 179.86 | — | reduced −3% |
| UNH | Unitedhealth Group INC | 2.1% | $232.7M559,951 sh | 415.63 → −3% | 19% overvalued | reduced −24% |
| TSM | Taiwan Semiconductor Manufac | 2.1% | $227.4M476,245 sh | 477.57 | — | reduced −2% |
| MSI | Motorola Solutions INC | 2.1% | $226.3M544,876 sh | 415.29 → +12% | 61% overvalued | added +1% |
| ECL | Ecolab INC | 2.0% | $216.6M777,541 sh | 278.61 → +4% | 90% overvalued | added +2% |
| WEC | Wec Energy Group INC | 1.9% | $208.8M1.8M sh | 116.77 → −7% | 6% undervalued | reduced −6% |
| PANW | Palo Alto Networks INC | 1.9% | $204.6M599,841 sh | 341.02 → +0% | 972% overvalued | added +13% |
| LNT | Alliant Energy Corp | 1.9% | $202.8M2.7M sh | 76.29 → −10% | 4% undervalued | reduced −8% |
| TECH | Bio-techne Corp | 1.8% | $190.8M2.7M sh | 70.65 → +3% | 150% overvalued | reduced −2% |
| META | Meta Platforms INC | 1.7% | $187.5M332,871 sh | 563.29 → +26% | 10% overvalued | added +3% |
| FAST | Fastenal CO | 1.7% | $185.9M3.9M sh | 48.03 → +6% | 94% overvalued | reduced −1% |
| SHW | Sherwin Williams CO | 1.4% | $151.7M440,586 sh | 344.32 → −3% | 76% overvalued | added +1% |
| CHRW | C H Robinson Worldwide In | 1.3% | $145.2M770,708 sh | 188.34 → −26% | 57% overvalued | reduced −9% |
| FUL | Fuller H B CO | 1.3% | $141.9M2.4M sh | 58.29 | — | added +3% |
| VZ | Verizon Communications INC | 1.3% | $139.4M3.3M sh | 42.34 → +6% | 67% undervalued | reduced −1% |
| WM | Waste Mgmt INC Del | 1.2% | $131.7M591,025 sh | 222.88 → +2% | 36% overvalued | added +48% |
| ROK | Rockwell Automation INC | 1.2% | $127.6M257,811 sh | 495.08 → −14% | 168% overvalued | reduced −9% |
| FISV | Fiserv INC | 1.0% | $112.5M2.3M sh | 49.05 → −3% | 83% undervalued | added +7% |
| JNJ | Johnson & Johnson | 1.0% | $107.4M423,010 sh | 253.97 → +1% | 36% undervalued | reduced −27% |
| AMP | Ameriprise Finl INC | 0.9% | $98.2M214,056 sh | 458.76 → +9% | 24% undervalued | added +9% |
| CGNX | Cognex Corp | 0.9% | $94.7M1.3M sh | 72.42 | — | added +7% |
| HRL | Hormel Foods Corp | 0.8% | $84.3M3.4M sh | 24.82 → −18% | 3% overvalued | reduced −1% |
| CASY | Caseys Gen Stores INC | 0.7% | $72.4M91,125 sh | 794.79 → −13% | 51% overvalued | reduced −5% |
| WFC | Wells Fargo & CO | 0.7% | $72.1M872,186 sh | 82.64 → +1% | 6% undervalued | reduced −36% |
| AJG | Gallagher Arthur J & CO | 0.7% | $71.5M311,539 sh | 229.57 → +11% | 42% overvalued | bought |
| ABT | Abbott Laboratories | 0.6% | $66.2M729,358 sh | 90.74 → +16% | 3% undervalued | added +1% |
| TXN | Texas Instrs INC | 0.6% | $64.8M217,453 sh | 298.07 → −7% | 131% overvalued | reduced −6% |
| TNC | Tennant CO | 0.5% | $59.7M681,800 sh | 87.54 | — | reduced −15% |
| ISRG | Intuitive Surgical INC | 0.5% | $58.2M146,459 sh | 397.68 → +7% | 208% overvalued | added +47% |
| MMM | 3m CO | 0.5% | $56.6M349,350 sh | 161.91 → +2% | 55% overvalued | reduced −1% |
| HD | Home Depot INC | 0.5% | $53.8M152,452 sh | 352.68 → −12% | 34% overvalued | reduced −1% |
| TRV | Travelers Companies INC | 0.5% | $51.7M156,482 sh | 330.12 → +18% | 51% overvalued | added +10% |
| AXP | American Express CO | 0.5% | $49.3M145,612 sh | 338.25 → −7% | 23% overvalued | reduced −2% |
| IDA | Idacorp INC | 0.4% | $46.9M309,970 sh | 151.30 | — | added +3% |
| MEDP | Medpace Hldgs INC | 0.4% | $45.9M86,715 sh | 529.59 | — | added +1% |
| CME | Cme Group INC | 0.4% | $43.2M195,585 sh | 220.83 → +33% | 18% overvalued | bought |
| DCI | Donaldson INC | 0.4% | $41.6M463,717 sh | 89.77 | — | reduced −7% |
| WK | Workiva INC | 0.4% | $40.2M829,491 sh | 48.51 | — | added +16% |
| PIPR | Piper Sandler Companies | 0.4% | $39.4M544,505 sh | 72.34 | — | reduced −0% |
| SFM | Sprouts Fmrs Mkt INC | 0.4% | $38.2M451,826 sh | 84.58 | — | added +55% |
| PG | Procter & Gamble CO | 0.3% | $36.0M245,423 sh | 146.64 → +9% | 32% overvalued | added +1% |
| USB | Us Bancorp | 0.3% | $33.9M561,453 sh | 60.40 → −3% | 10% undervalued | reduced −7% |
| ZTS | Zoetis INC | 0.3% | $33.6M467,515 sh | 71.86 → +10% | 37% undervalued | added +54% |
| QCOM | Qualcomm INC | 0.3% | $33.2M179,832 sh | 184.79 → −7% | 28% overvalued | reduced −62% |
| XEL | Xcel Energy INC | 0.3% | $31.5M392,497 sh | 80.30 → −5% | 5% undervalued | reduced −2% |
| BSY | Bentley Sys INC | 0.3% | $29.0M970,114 sh | 29.89 | — | added +311% |
| ADP | Automatic Data Processing In | 0.3% | $28.5M127,173 sh | 223.95 → +29% | 65% overvalued | added +2% |
| MDT | Medtronic PLC | 0.3% | $28.4M363,349 sh | 78.23 → +21% | 4% overvalued | reduced −10% |
| GNRC | Generac Hldgs INC | 0.3% | $27.3M93,395 sh | 292.81 → −34% | 52% overvalued | reduced −6% |
| HONA | Honeywell Aerospace INC | 0.2% | $22.1M100,041 sh | 221.08 → −24% | 34% undervalued | bought |
| GLW | Corning INC | 0.2% | $21.8M85,447 sh | 255.43 → −48% | 257% overvalued | reduced −3% |
| TGT | Target Corp | 0.2% | $20.8M159,261 sh | 130.61 → +18% | 21% overvalued | reduced −6% |
| SCHW | Schwab Charles Corp | 0.2% | $20.0M216,288 sh | 92.27 → −0% | 43% undervalued | reduced −13% |
| GOOGL | Alphabet INC | 0.2% | $19.3M54,128 sh | 357.37 → −5% | 51% overvalued | reduced −3% |
| CAT | Caterpillar INC | 0.2% | $19.3M18,102 sh | 1,064.90 → −31% | 180% overvalued | reduced −2% |
| DIS | Disney Walt CO | 0.2% | $16.7M173,626 sh | 96.25 → +15% | 9% undervalued | reduced −28% |
| CLFD | Clearfield INC | 0.1% | $15.3M385,257 sh | 39.79 | — | reduced −47% |
| BMI | Badger Meter INC | 0.1% | $14.8M99,464 sh | 148.38 | — | reduced −5% |
| PFG | Principal Financial Group In | 0.1% | $14.6M135,283 sh | 107.78 → +1% | 71% overvalued | reduced −17% |
| AIR | Aar Corp | 0.1% | $12.0M83,933 sh | 142.93 | — | reduced −6% |
| PLXS | Plexus Corp | 0.1% | $11.8M39,276 sh | 300.67 | — | reduced −14% |
| BRK/B | Berkshire Hathaway INC Del | 0.1% | $11.8M23,590 sh | 500.39 → +6% | 21% overvalued | reduced −1% |
| ABBV | Abbvie INC | 0.1% | $11.2M44,702 sh | 251.64 → +13% | at model | reduced −1% |
| XOM | Exxon Mobil Corp | 0.1% | $11.2M81,802 sh | 136.72 → +31% | 13% overvalued | reduced −2% |
| AMBA | Ambarella INC | 0.1% | $10.8M126,353 sh | 85.80 | — | added +7% |
| KNF | Knife River Corp | 0.1% | $10.7M128,377 sh | 83.65 | — | reduced −5% |
| HSY | Hershey CO | 0.1% | $10.7M61,044 sh | 175.45 → −3% | 22% overvalued | reduced −5% |
| MINN | Trust For Professional Manag | 0.1% | $10.5M470,668 sh | 22.40 | — | added +15% |
| ONB | Old Natl Bancorp Ind | 0.1% | $10.1M389,291 sh | 25.90 | — | reduced −10% |
| JBTM | Jbt Marel Corporation | 0.1% | $9.8M67,465 sh | 145.00 | — | added +14% |
| WTFC | Wintrust Finl Corp | 0.1% | $9.4M58,659 sh | 160.72 | — | added +2% |
| EMR | Emerson Elec CO | 0.1% | $9.1M63,235 sh | 143.15 → +13% | 84% overvalued | reduced −2% |
| QCRH | Qcr Hldgs INC | 0.1% | $8.9M91,002 sh | 97.35 | — | held |
| PATK | Patrick Inds INC | 0.1% | $8.5M94,824 sh | 89.78 | — | added +64% |
| ASB | Associated Banc-corp | 0.1% | $8.3M270,040 sh | 30.77 | — | held |
| VOO | Vanguard Index Fds | 0.1% | $8.3M12,096 sh | 686.84 | — | reduced −19% |
| RDNT | Radnet INC | 0.1% | $8.2M133,116 sh | 61.67 | — | held |
| IVV | Ishares Tr | 0.1% | $8.0M10,654 sh | 748.87 | — | added +65% |
| AMAT | Applied Matls INC | 0.1% | $8.0M11,007 sh | 723.00 → −43% | 89% overvalued | reduced −3% |
| SCHB | Schwab Strategic Tr | 0.1% | $7.6M261,246 sh | 28.96 | — | held |
| BKH | Black Hills Corp | 0.1% | $7.3M98,285 sh | 74.40 | — | held |
| LTH | Life Time Group Holdings INC | 0.1% | $7.0M172,317 sh | 40.84 | — | held |
| CVX | Chevron Corporation | 0.1% | $6.8M41,147 sh | 165.76 → +36% | 9% overvalued | added +5% |
| MRK | Merck & CO INC | 0.1% | $6.6M51,519 sh | 128.50 → +14% | 24% undervalued | added +2% |
| CFR | Cullen Frost Bankers INC | 0.1% | $6.6M42,696 sh | 154.52 | — | held |
| ALRS | Alerus Finl Corp | 0.1% | $6.3M203,417 sh | 31.10 | — | added +156% |
| JHX | James Hardie Inds PLC | 0.1% | $6.3M240,716 sh | 26.18 | — | reduced −0% |
| SPY | State Str Spdr S&p 500 ETF T | 0.1% | $6.2M8,279 sh | 746.79 | — | reduced −70% |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.