---
title: Mairs & Power (Mairs & Power Inc) — 13F holdings
canonical: https://sweetvaluelab.com/investors/mairs-power
cik: 0001070134
quarter: 2026-06-30
filed: 2026-08-14
---
# Mairs & Power — Mairs & Power Inc

Latest 13F for the quarter ended Jun 30, 2026, filed Aug 14, 2026: 254 positions worth $10.9B. Against the quarter ended Mar 31, 2026: 17 bought, 56 added to, 72 unchanged, 109 reduced, 8 sold. The top five are 30% of the portfolio, the top ten 44%; 145 of the positions have a research page on this site.

## Holdings

| Ticker | Issuer | Shares | Value | % of portfolio | Change this quarter |
| --- | --- | ---: | ---: | ---: | --- |
| NVDA | NVIDIA CORPORATION | 4,707,792 | $942.0M | 8.6% | reduced (-1%) |
| MSFT | MICROSOFT CORP | 1,950,737 | $727.7M | 6.7% | added (+0%) |
| AMZN | AMAZON COM INC | 2,599,441 | $619.6M | 5.7% | reduced (-0%) |
| GOOG | ALPHABET INC | 1,683,439 | $594.8M | 5.5% | added (+4%) |
| LLY | ELI LILLY & CO | 322,129 | $386.4M | 3.5% | reduced (-1%) |
| NVT | NVENT ELEC PLC | 2,052,813 | $348.2M | 3.2% | reduced (-1%) |
| AAPL | APPLE INC | 1,138,448 | $329.4M | 3.0% | reduced (-6%) |
| JPM | JPMORGAN CHASE & CO | 923,550 | $302.3M | 2.8% | reduced (-12%) |
| V | VISA INC | 852,050 | $292.3M | 2.7% | added (+1%) |
| GGG | GRACO INC | 3,797,451 | $287.1M | 2.6% | reduced (-0%) |
| LFUS | LITTELFUSE INC | 602,104 | $274.2M | 2.5% | reduced (-17%) |
| TTC | TORO CO | 2,676,474 | $260.7M | 2.4% | reduced (-2%) |
| ENTG | ENTEGRIS INC | 1,301,640 | $234.1M | 2.1% | reduced (-3%) |
| UNH | UNITEDHEALTH GROUP INC | 559,951 | $232.7M | 2.1% | reduced (-24%) |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | 476,245 | $227.4M | 2.1% | reduced (-2%) |
| MSI | MOTOROLA SOLUTIONS INC | 544,876 | $226.3M | 2.1% | added (+1%) |
| ECL | ECOLAB INC | 777,541 | $216.6M | 2.0% | added (+2%) |
| WEC | WEC ENERGY GROUP INC | 1,787,905 | $208.8M | 1.9% | reduced (-6%) |
| PANW | PALO ALTO NETWORKS INC | 599,841 | $204.6M | 1.9% | added (+13%) |
| LNT | ALLIANT ENERGY CORP | 2,657,913 | $202.8M | 1.9% | reduced (-8%) |
| TECH | BIO-TECHNE CORP | 2,700,698 | $190.8M | 1.8% | reduced (-2%) |
| META | META PLATFORMS INC | 332,871 | $187.5M | 1.7% | added (+3%) |
| FAST | FASTENAL CO | 3,870,891 | $185.9M | 1.7% | reduced (-1%) |
| SHW | SHERWIN WILLIAMS CO | 440,586 | $151.7M | 1.4% | added (+1%) |
| CHRW | C H ROBINSON WORLDWIDE IN | 770,708 | $145.2M | 1.3% | reduced (-9%) |
| FUL | FULLER H B CO | 2,435,168 | $141.9M | 1.3% | added (+3%) |
| VZ | VERIZON COMMUNICATIONS INC | 3,291,850 | $139.4M | 1.3% | reduced (-1%) |
| WM | WASTE MGMT INC DEL | 591,025 | $131.7M | 1.2% | added (+48%) |
| ROK | ROCKWELL AUTOMATION INC | 257,811 | $127.6M | 1.2% | reduced (-9%) |
| FISV | FISERV INC | 2,293,029 | $112.5M | 1.0% | added (+7%) |
| JNJ | JOHNSON & JOHNSON | 423,010 | $107.4M | 1.0% | reduced (-27%) |
| AMP | AMERIPRISE FINL INC | 214,056 | $98.2M | 0.9% | added (+9%) |
| CGNX | COGNEX CORP | 1,307,856 | $94.7M | 0.9% | added (+7%) |
| HRL | HORMEL FOODS CORP | 3,398,047 | $84.3M | 0.8% | reduced (-1%) |
| CASY | CASEYS GEN STORES INC | 91,125 | $72.4M | 0.7% | reduced (-5%) |
| WFC | WELLS FARGO & CO | 872,186 | $72.1M | 0.7% | reduced (-36%) |
| AJG | GALLAGHER ARTHUR J & CO | 311,539 | $71.5M | 0.7% | bought |
| ABT | ABBOTT LABORATORIES | 729,358 | $66.2M | 0.6% | added (+1%) |
| TXN | TEXAS INSTRS INC | 217,453 | $64.8M | 0.6% | reduced (-6%) |
| TNC | TENNANT CO | 681,800 | $59.7M | 0.5% | reduced (-15%) |
| ISRG | INTUITIVE SURGICAL INC | 146,459 | $58.2M | 0.5% | added (+47%) |
| MMM | 3M CO | 349,350 | $56.6M | 0.5% | reduced (-1%) |
| HD | HOME DEPOT INC | 152,452 | $53.8M | 0.5% | reduced (-1%) |
| TRV | TRAVELERS COMPANIES INC | 156,482 | $51.7M | 0.5% | added (+10%) |
| AXP | AMERICAN EXPRESS CO | 145,612 | $49.3M | 0.5% | reduced (-2%) |
| IDA | IDACORP INC | 309,970 | $46.9M | 0.4% | added (+3%) |
| MEDP | MEDPACE HLDGS INC | 86,715 | $45.9M | 0.4% | added (+1%) |
| CME | CME GROUP INC | 195,585 | $43.2M | 0.4% | bought |
| DCI | DONALDSON INC | 463,717 | $41.6M | 0.4% | reduced (-7%) |
| WK | WORKIVA INC | 829,491 | $40.2M | 0.4% | added (+16%) |
| PIPR | PIPER SANDLER COMPANIES | 544,505 | $39.4M | 0.4% | reduced (-0%) |
| SFM | SPROUTS FMRS MKT INC | 451,826 | $38.2M | 0.4% | added (+55%) |
| PG | PROCTER & GAMBLE CO | 245,423 | $36.0M | 0.3% | added (+1%) |
| USB | US BANCORP | 561,453 | $33.9M | 0.3% | reduced (-7%) |
| ZTS | ZOETIS INC | 467,515 | $33.6M | 0.3% | added (+54%) |
| QCOM | QUALCOMM INC | 179,832 | $33.2M | 0.3% | reduced (-62%) |
| XEL | XCEL ENERGY INC | 392,497 | $31.5M | 0.3% | reduced (-2%) |
| BSY | BENTLEY SYS INC | 970,114 | $29.0M | 0.3% | added (+311%) |
| ADP | AUTOMATIC DATA PROCESSING IN | 127,173 | $28.5M | 0.3% | added (+2%) |
| MDT | MEDTRONIC PLC | 363,349 | $28.4M | 0.3% | reduced (-10%) |
| GNRC | GENERAC HLDGS INC | 93,395 | $27.3M | 0.3% | reduced (-6%) |
| HONA | HONEYWELL AEROSPACE INC | 100,041 | $22.1M | 0.2% | bought |
| GLW | CORNING INC | 85,447 | $21.8M | 0.2% | reduced (-3%) |
| TGT | TARGET CORP | 159,261 | $20.8M | 0.2% | reduced (-6%) |
| SCHW | SCHWAB CHARLES CORP | 216,288 | $20.0M | 0.2% | reduced (-13%) |
| GOOGL | ALPHABET INC | 54,128 | $19.3M | 0.2% | reduced (-3%) |
| CAT | CATERPILLAR INC | 18,102 | $19.3M | 0.2% | reduced (-2%) |
| DIS | DISNEY WALT CO | 173,626 | $16.7M | 0.2% | reduced (-28%) |
| CLFD | CLEARFIELD INC | 385,257 | $15.3M | 0.1% | reduced (-47%) |
| BMI | BADGER METER INC | 99,464 | $14.8M | 0.1% | reduced (-5%) |
| PFG | PRINCIPAL FINANCIAL GROUP IN | 135,283 | $14.6M | 0.1% | reduced (-17%) |
| AIR | AAR CORP | 83,933 | $12.0M | 0.1% | reduced (-6%) |
| PLXS | PLEXUS CORP | 39,276 | $11.8M | 0.1% | reduced (-14%) |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 23,590 | $11.8M | 0.1% | reduced (-1%) |
| ABBV | ABBVIE INC | 44,702 | $11.2M | 0.1% | reduced (-1%) |
| XOM | EXXON MOBIL CORP | 81,802 | $11.2M | 0.1% | reduced (-2%) |
| AMBA | AMBARELLA INC | 126,353 | $10.8M | 0.1% | added (+7%) |
| KNF | KNIFE RIVER CORP | 128,377 | $10.7M | 0.1% | reduced (-5%) |
| HSY | HERSHEY CO | 61,044 | $10.7M | 0.1% | reduced (-5%) |
| MINN | TRUST FOR PROFESSIONAL MANAG | 470,668 | $10.5M | 0.1% | added (+15%) |
| ONB | OLD NATL BANCORP IND | 389,291 | $10.1M | 0.1% | reduced (-10%) |
| JBTM | JBT MAREL CORPORATION | 67,465 | $9.8M | 0.1% | added (+14%) |
| WTFC | WINTRUST FINL CORP | 58,659 | $9.4M | 0.1% | added (+2%) |
| EMR | EMERSON ELEC CO | 63,235 | $9.1M | 0.1% | reduced (-2%) |
| QCRH | QCR HLDGS INC | 91,002 | $8.9M | 0.1% | held (0%) |
| PATK | PATRICK INDS INC | 94,824 | $8.5M | 0.1% | added (+64%) |
| ASB | ASSOCIATED BANC-CORP | 270,040 | $8.3M | 0.1% | held (0%) |
| VOO | VANGUARD INDEX FDS | 12,096 | $8.3M | 0.1% | reduced (-19%) |
| RDNT | RADNET INC | 133,116 | $8.2M | 0.1% | held (0%) |
| IVV | ISHARES TR | 10,654 | $8.0M | 0.1% | added (+65%) |
| AMAT | APPLIED MATLS INC | 11,007 | $8.0M | 0.1% | reduced (-3%) |
| SCHB | SCHWAB STRATEGIC TR | 261,246 | $7.6M | 0.1% | held (0%) |
| BKH | BLACK HILLS CORP | 98,285 | $7.3M | 0.1% | held (0%) |
| LTH | LIFE TIME GROUP HOLDINGS INC | 172,317 | $7.0M | 0.1% | held (0%) |
| CVX | CHEVRON CORPORATION | 41,147 | $6.8M | 0.1% | added (+5%) |
| MRK | MERCK & CO INC | 51,519 | $6.6M | 0.1% | added (+2%) |
| CFR | CULLEN FROST BANKERS INC | 42,696 | $6.6M | 0.1% | held (0%) |
| ALRS | ALERUS FINL CORP | 203,417 | $6.3M | 0.1% | added (+156%) |
| JHX | JAMES HARDIE INDS PLC | 240,716 | $6.3M | 0.1% | reduced (-0%) |
| SPY | STATE STR SPDR S&P 500 ETF T | 8,279 | $6.2M | 0.1% | reduced (-70%) |
| WWD | WOODWARD INC | 14,000 | $6.0M | 0.1% | held (0%) |
| TREX | TREX INC | 116,022 | $5.8M | 0.1% | held (0%) |
| HUBG | HUB GROUP INC | 129,879 | $5.7M | 0.1% | reduced (-19%) |
| SOLV | SOLVENTUM CORP | 72,441 | $5.6M | 0.1% | reduced (-0%) |
| GBCI | GLACIER BANCORP INC NEW | 106,200 | $5.5M | 0.1% | held (0%) |
| OSK | OSHKOSH CORP | 33,183 | $5.1M | 0.0% | held (0%) |
| CTAS | CINTAS CORP | 27,262 | $4.6M | 0.0% | added (+21%) |
| PNR | PENTAIR PLC | 57,038 | $4.4M | 0.0% | reduced (-1%) |
| KHC | KRAFT HEINZ CO | 178,686 | $4.2M | 0.0% | reduced (-44%) |
| PII | POLARIS INC | 61,311 | $4.2M | 0.0% | reduced (-2%) |
| SYY | SYSCO CORP | 48,544 | $4.1M | 0.0% | reduced (-51%) |
| MCD | MCDONALDS CORP | 14,085 | $3.8M | 0.0% | reduced (-2%) |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 5 | $3.7M | 0.0% | held (0%) |
| NWE | NORTHWESTERN ENERGY GROUP IN | 51,191 | $3.7M | 0.0% | reduced (-40%) |
| HWKN | HAWKINS INC | 25,136 | $3.6M | 0.0% | reduced (-3%) |
| VO | VANGUARD INDEX FDS | 39,348 | $3.2M | 0.0% | added (+258%) |
| GE | GE AEROSPACE | 7,525 | $2.8M | 0.0% | held (0%) |
| VEA | VANGUARD TAX-MANAGED FDS | 39,279 | $2.8M | 0.0% | reduced (-13%) |
| COST | COSTCO WHOLESALE CORPORATION | 2,963 | $2.8M | 0.0% | held (0%) |
| COP | CONOCOPHILLIPS | 25,845 | $2.7M | 0.0% | reduced (-1%) |
| NKE | NIKE INC | 63,845 | $2.6M | 0.0% | reduced (-3%) |
| APG | API GROUP CORP | 57,969 | $2.5M | 0.0% | held (0%) |
| GIS | GENERAL MILLS INC | 70,157 | $2.4M | 0.0% | reduced (-28%) |
| CSCO | CISCO SYS INC | 19,731 | $2.3M | 0.0% | reduced (-0%) |
| INTC | INTEL CORP | 14,533 | $2.0M | 0.0% | added (+1%) |
| ORCL | ORACLE CORP | 13,643 | $2.0M | 0.0% | reduced (-56%) |
| KO | COCA COLA CO | 23,470 | $1.9M | 0.0% | added (+1%) |
| XYL | XYLEM INC | 15,450 | $1.8M | 0.0% | added (+10%) |
| WMT | WALMART INC | 15,800 | $1.8M | 0.0% | added (+1%) |
| AMGN | AMGEN INC | 4,924 | $1.8M | 0.0% | reduced (-1%) |
| EFA | ISHARES TR | 16,317 | $1.7M | 0.0% | added (+4%) |
| PFE | PFIZER INC | 67,679 | $1.6M | 0.0% | reduced (-6%) |
| RTX | RTX CORPORATION | 8,446 | $1.6M | 0.0% | reduced (-1%) |
| VB | VANGUARD INDEX FDS | 5,114 | $1.6M | 0.0% | reduced (-12%) |
| LOW | LOWES COS INC | 6,832 | $1.5M | 0.0% | reduced (-0%) |
| SOLS | SOLSTICE ADVANCED MATLS INC | 16,644 | $1.5M | 0.0% | reduced (-25%) |
| BMY | BRISTOL-MYERS SQUIBB CO | 24,684 | $1.4M | 0.0% | added (+2%) |
| WAB | WABTEC | 5,237 | $1.4M | 0.0% | held (0%) |
| AVGO | BROADCOM INC | 3,663 | $1.4M | 0.0% | added (+4%) |
| CIEN | CIENA CORP | 2,800 | $1.4M | 0.0% | held (0%) |
| MGEE | MGE ENERGY INC | 16,508 | $1.3M | 0.0% | bought |
| QQQ | INVESCO QQQ TR | 1,770 | $1.3M | 0.0% | added (+1%) |
| GLD | SPDR GOLD TR | 3,515 | $1.3M | 0.0% | added (+146%) |
| SYK | STRYKER CORPORATION | 4,072 | $1.3M | 0.0% | reduced (-2%) |
| PEP | PEPSICO INC | 9,175 | $1.2M | 0.0% | added (+2%) |
| UPS | UNITED PARCEL SVCS INC | 11,508 | $1.2M | 0.0% | reduced (-34%) |
| SNA | SNAP ON INC | 3,023 | $1.2M | 0.0% | reduced (-3%) |
| BMO | BANK MONTREAL MEDIUM | 6,746 | $1.2M | 0.0% | held (0%) |
| CM | CANADIAN IMPERIAL BANK OF CO | 10,176 | $1.2M | 0.0% | held (0%) |
| VSAT | VIASAT INC | 13,000 | $1.2M | 0.0% | held (0%) |
| VCEL | VERICEL CORP | 25,865 | $1.2M | 0.0% | held (0%) |
| PSX | PHILLIPS 66 | 6,554 | $1.1M | 0.0% | reduced (-1%) |
| VONE | VANGUARD SCOTTSDALE FDS | 3,270 | $1.1M | 0.0% | held (0%) |
| IDXX | IDEXX LABS INC | 2,080 | $1.1M | 0.0% | held (0%) |
| BDX | BECTON DICKINSON & CO | 7,119 | $1.1M | 0.0% | held (0%) |
| NEE | NEXTERA ENERGY INC | 12,097 | $1.1M | 0.0% | reduced (-1%) |
| BAC | BANK OF AMER CORP | 18,591 | $1.1M | 0.0% | reduced (-14%) |
| KMB | KIMBERLY-CLARK CORP | 9,556 | $1.0M | 0.0% | reduced (-1%) |
| VWO | VANGUARD INTL EQUITY INDEX F | 17,355 | $1.0M | 0.0% | reduced (-15%) |
| IWP | ISHARES TR | 7,058 | $1.0M | 0.0% | bought |
| IBM | INTERNATIONAL BUSINESS MACHS | 3,647 | $1.0M | 0.0% | held (0%) |
| AXGN | AXOGEN INC | 22,000 | $1.0M | 0.0% | held (0%) |
| GEV | GE VERNOVA INC | 846 | $993,932 | 0.0% | held (0%) |
| AMD | ADVANCED MICRO DEVICES INC | 1,648 | $957,340 | 0.0% | reduced (-15%) |
| UNP | UNION PAC CORP | 3,415 | $928,880 | 0.0% | reduced (-18%) |
| IEX | IDEX CORP | 4,000 | $907,800 | 0.0% | held (0%) |
| XLK | SELECT SECTOR SPDR TR | 4,470 | $851,663 | 0.0% | held (0%) |
| BNY | BANK OF NY MELLON CORP | 5,888 | $851,464 | 0.0% | held (0%) |
| SCHF | SCHWAB STRATEGIC TR | 30,586 | $847,232 | 0.0% | held (0%) |
| CB | CHUBB LIMITED | 2,456 | $836,857 | 0.0% | added (+1%) |
| IJH | ISHARES TR | 10,756 | $829,395 | 0.0% | bought |
| NSC | NORFOLK SOUTHN CORP | 2,590 | $814,788 | 0.0% | reduced (-5%) |
| OKLO | OKLO INC | 15,561 | $814,307 | 0.0% | held (0%) |
| BIL | SPDR SERIES TRUST | 8,627 | $790,578 | 0.0% | added (+24%) |
| AMCR | AMCOR PLC | 17,129 | $742,542 | 0.0% | held (0%) |
| IWR | ISHARES TR | 6,506 | $717,742 | 0.0% | bought |
| VGLT | VANGUARD SCOTTSDALE FDS | 12,875 | $710,443 | 0.0% | held (0%) |
| WY | WEYERHAEUSER CO | 29,517 | $706,637 | 0.0% | reduced (-18%) |
| RSP | INVESCO EXCHANGE TRADED FD T | 3,100 | $659,525 | 0.0% | reduced (-42%) |
| AWK | AMERICAN WTR WKS CO INC NEW | 5,000 | $657,900 | 0.0% | reduced (-0%) |
| BRC | BRADY CORP | 7,000 | $640,990 | 0.0% | held (0%) |
| SHEL | SHELL PLC | 8,132 | $630,555 | 0.0% | held (0%) |
| NVEC | NVE CORP | 6,000 | $627,300 | 0.0% | held (0%) |
| TMO | THERMO FISHER SCIENTIFIC INC | 1,241 | $622,188 | 0.0% | held (0%) |
| IWD | ISHARES TR | 2,562 | $621,106 | 0.0% | held (0%) |
| ACWX | ISHARES TR | 7,550 | $574,631 | 0.0% | held (0%) |
| BA | BOEING CO | 2,650 | $573,646 | 0.0% | added (+2%) |
| VTI | VANGUARD INDEX FDS | 1,547 | $572,428 | 0.0% | added (+0%) |
| ZBH | ZIMMER BIOMET HOLDINGS INC | 6,625 | $570,346 | 0.0% | reduced (-18%) |
| MDY | STATE STR SPDR S&P MIDCAP 40 | 798 | $561,353 | 0.0% | reduced (-3%) |
| DGII | DIGI INTL INC | 7,000 | $524,650 | 0.0% | held (0%) |
| TJX | TJX COS INC NEW | 3,415 | $517,373 | 0.0% | added (+3%) |
| CAH | CARDINAL HEALTH INC | 2,121 | $503,865 | 0.0% | held (0%) |
| TT | TRANE TECHNOLOGIES PLC | 1,004 | $493,125 | 0.0% | reduced (-8%) |
| MU | MICRON TECHNOLOGY INC | 410 | $473,259 | 0.0% | reduced (-41%) |
| NEM | NEWMONT CORP | 5,000 | $467,000 | 0.0% | held (0%) |
| HBAN | HUNTINGTON BANCSHARES INC | 26,178 | $464,136 | 0.0% | reduced (-4%) |
| PM | PHILIP MORRIS INTL INC | 2,537 | $458,969 | 0.0% | held (0%) |
| IXN | ISHARES TR | 3,150 | $455,506 | 0.0% | held (0%) |
| RGR | STURM RUGER & CO INC | 12,000 | $454,200 | 0.0% | held (0%) |
| IWM | ISHARES TR | 1,507 | $452,778 | 0.0% | bought |
| SKYT | SKYWATER TECHNOLOGY INC | 13,000 | $452,660 | 0.0% | held (0%) |
| BSX | BOSTON SCIENTIFIC CORP | 9,914 | $423,130 | 0.0% | reduced (-3%) |
| BBY | BEST BUY INC | 5,500 | $417,340 | 0.0% | reduced (-7%) |
| NTRS | NORTHERN TR CORP | 2,400 | $417,216 | 0.0% | held (0%) |
| CRM | SALESFORCE INC | 2,656 | $416,089 | 0.0% | reduced (-95%) |
| ITW | ILLINOIS TOOL WKS INC | 1,534 | $414,901 | 0.0% | added (+3%) |
| IWO | ISHARES TR | 1,040 | $409,718 | 0.0% | bought |
| ADBE | ADOBE INC | 1,969 | $403,684 | 0.0% | reduced (-2%) |
| VIG | VANGUARD SPECIALIZED FUNDS | 1,690 | $399,888 | 0.0% | reduced (-27%) |
| CMI | CUMMINS INC | 528 | $376,575 | 0.0% | held (0%) |
| USMV | ISHARES TR | 3,826 | $368,907 | 0.0% | reduced (-1%) |
| WAT | WATERS CORP | 959 | $359,663 | 0.0% | added (+0%) |
| IJR | ISHARES TR | 2,410 | $357,427 | 0.0% | held (0%) |
| VUG | VANGUARD INDEX FDS | 4,128 | $355,586 | 0.0% | added (+500%) |
| MPC | MARATHON PETE CORP | 1,390 | $355,381 | 0.0% | held (0%) |
| DE | DEERE & CO | 557 | $353,322 | 0.0% | reduced (-3%) |
| IWS | ISHARES TR | 2,112 | $348,079 | 0.0% | bought |
| UFCS | UNITED FIRE GROUP INC | 6,600 | $346,104 | 0.0% | held (0%) |
| IVW | ISHARES TR | 2,509 | $345,063 | 0.0% | held (0%) |
| HOG | HARLEY DAVIDSON INC | 14,000 | $342,440 | 0.0% | held (0%) |
| MOS | MOSAIC CO | 16,000 | $339,040 | 0.0% | reduced (-20%) |
| LRCX | LAM RESEARCH CORP | 765 | $331,497 | 0.0% | bought |
| AMT | AMERICAN TOWER CORP | 2,020 | $330,411 | 0.0% | held (0%) |
| MO | ALTRIA GROUP INC | 4,566 | $328,520 | 0.0% | added (+0%) |
| BOH | BANK HAWAII CORP | 4,000 | $325,960 | 0.0% | held (0%) |
| VGT | VANGUARD WORLD FD | 2,690 | $321,471 | 0.0% | added (+705%) |
| EPD | ENTERPRISE PRODS PARTNERS L | 8,600 | $316,136 | 0.0% | held (0%) |
| LHX | L3HARRIS TECHNOLOGIES INC | 1,033 | $300,179 | 0.0% | held (0%) |
| TKR | TIMKEN CO | 2,000 | $290,640 | 0.0% | held (0%) |
| GILD | GILEAD SCIENCES INC | 2,275 | $287,424 | 0.0% | held (0%) |
| VV | VANGUARD INDEX FDS | 817 | $280,974 | 0.0% | held (0%) |
| BAX | BAXTER INTL INC | 12,532 | $267,182 | 0.0% | reduced (-44%) |
| IAU | ISHARES GOLD TR | 3,525 | $266,173 | 0.0% | held (0%) |
| VEU | VANGUARD INTL EQUITY INDEX F | 3,178 | $266,158 | 0.0% | held (0%) |
| VRT | VERTIV HOLDINGS CO | 780 | $261,160 | 0.0% | bought |
| IVE | ISHARES TR | 1,143 | $259,530 | 0.0% | held (0%) |
| MSA | MSA SAFETY INC | 1,470 | $256,633 | 0.0% | held (0%) |
| SLB | SLB LIMITED | 5,500 | $255,695 | 0.0% | held (0%) |
| T | AT&T INC | 11,327 | $234,469 | 0.0% | held (0%) |
| DHR | DANAHER CORP DEL | 1,142 | $217,528 | 0.0% | added (+1%) |
| MS | MORGAN STANLEY | 1,036 | $216,565 | 0.0% | bought |
| RF | REGIONS FINANCIAL CORP NEW | 7,000 | $211,400 | 0.0% | bought |
| ECG | EVERUS CONSTR GROUP | 1,250 | $207,438 | 0.0% | bought |
| BP | BP PLC | 5,610 | $207,290 | 0.0% | held (0%) |
| AME | AMETEK INC | 850 | $205,649 | 0.0% | bought |
| CARR | CARRIER GLOBAL CORPORATION | 2,785 | $204,280 | 0.0% | bought |
| MA | MASTERCARD INCORPORATED | 395 | $202,872 | 0.0% | reduced (-24%) |
| ADI | ANALOG DEVICES INC | 509 | $202,160 | 0.0% | reduced (-21%) |
| MRSH | MARSH & MCLENNAN COS INC | 1,200 | $200,004 | 0.0% | reduced (-8%) |
| AEBI | AEBI SCHMIDT HLDG AG | 10,401 | $130,533 | 0.0% | held (0%) |
| CLF | CLEVELAND-CLIFFS INC NEW | 13,500 | $126,765 | 0.0% | held (0%) |
| SNAP | SNAP INC | 22,525 | $100,011 | 0.0% | held (0%) |
| PLUG | PLUG PWR INC | 10,000 | $27,100 | 0.0% | held (0%) |

## Largest moves this quarter

| Ticker | Issuer | Shares now | Shares before | Change | Bought / sold at reported prices | Value |
| --- | --- | ---: | ---: | --- | ---: | ---: |
| UNH | UNITEDHEALTH GROUP INC | 559,951 | 741,083 | reduced (-24%) | −$75.3M | $232.7M |
| AJG | GALLAGHER ARTHUR J & CO | 311,539 | 0 | bought | +$71.5M | $71.5M |
| LFUS | LITTELFUSE INC | 602,104 | 724,710 | reduced (-17%) | −$55.8M | $274.2M |
| QCOM | QUALCOMM INC | 179,832 | 478,055 | reduced (-62%) | −$55.1M | $33.2M |
| HON | HONEYWELL INTL INC | 0 | 208,448 | sold | −$47.1M | $0 |
| CME | CME GROUP INC | 195,585 | 0 | bought | +$43.2M | $43.2M |
| WM | WASTE MGMT INC DEL | 591,025 | 398,240 | added (+48%) | +$43.0M | $131.7M |

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Source: https://sweetvaluelab.com/investors/mairs-power (SweetValueLab, free, no account). Holdings from SEC Form 13F-HR filings; tickers resolved from CUSIPs. Values as reported by the filer. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.