Mairs & Power

Q4 2013 13F

As of: Dec 31, 2013
Filed: Feb 14, 2014
US stock: $6.5B · prev $5.8B
Positions: 210 · prev 186
Options notional: $0
Documents: 1· no amendments

Picture98.9% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 98.9%
Foreign stock not listed in the US 1.1%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves175 since the prior filing

+1.9 pp in · −1.8 pp out

New 33 +0.32 pp
Added 81 +1.56 pp
Trimmed 52 −1.75 pp
Exited 9 −0.01 pp

The book

Diversified · behaves like 43 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.6% a year, about 13.2 years per position

Low
Moderate
High

Top 5 positions19% of US stock

MMM 3M Company trimmed−0.02 pp trimmed−0.024.5%
USB U.S. Bancorp added+0.08 pp added+0.083.7%
EMR Emerson Electric Co. trimmed−0.14 pp trimmed−0.143.7%
unresolved Medtronic Inc added−0.15 pp added−0.153.6%
unresolved Valspar Corp added0.00 pp added0.003.5%

Positions210 in this filing · 9 exited


MMM3M Company	4.49%	2,082,529	$292M	trimmed−5%	−0.02 pp	3 q
USBU.S. Bancorp	3.69%	5,945,214	$240M	added+4%	+0.08 pp	3 q
EMREmerson Electric Co.	3.68%	3,406,978	$239M	trimmed−0%	−0.14 pp	3 q
unresolvedMedtronic Inc	3.61%	4,090,802	$235M	added0%	−0.15 pp	3 q
unresolvedValspar Corp	3.51%	3,204,791	$228M	added0%	0.00 pp	3 q
HONHoneywell International, Inc.	3.28%	2,331,703	$213M	trimmed−0%	−0.07 pp	3 q
TGTTarget Corporation	3.28%	3,367,225	$213M	added+11%	−0.07 pp	3 q
unresolvedPentair Ltd	3.27%	2,733,265	$212M	trimmed−14%	−0.28 pp	3 q
ECLEcolab, Inc.	3.24%	2,018,711	$210M	trimmed−0%	−0.21 pp	3 q
TTCToro Company (The)	3.13%	3,202,783	$204M	trimmed−0%	+0.11 pp	3 q
SLBSLB Limited	2.86%	2,066,723	$186M	added+3%	−0.19 pp	3 q
DCIDonaldson Company, Inc.	2.84%	4,253,337	$185M	added+3%	+0.11 pp	3 q
GGGGraco Inc	2.75%	2,291,125	$179M	trimmed−2%	−0.23 pp	3 q
FULH.B. Fuller Company	2.72%	3,400,629	$177M	trimmed−10%	−0.24 pp	3 q
JNJJohnson & Johnson	2.57%	1,821,701	$167M	added0%	−0.15 pp	3 q
BAXBaxter International Inc.	2.31%	2,155,658	$150M	added+23%	+0.32 pp	3 q
unresolvedGeneral Electric Co	2.30%	5,341,516	$150M	added0%	+0.10 pp	3 q
HRLHormel Foods Corporation	2.28%	3,285,264	$148M	added0%	−0.11 pp	3 q
WFCWells Fargo & Co.	2.22%	3,184,931	$145M	trimmed−0%	−0.05 pp	3 q
unresolvedBemis Inc	2.16%	3,424,561	$140M	added+1%	−0.13 pp	3 q
unresolvedSt Jude Med Inc	2.01%	2,110,787	$131M	trimmed−0%	+0.05 pp	3 q
PFGPrincipal Financial Group, Inc.	1.98%	2,613,332	$129M	trimmed−1%	+0.03 pp	3 q
GISGeneral Mills, Inc.	1.97%	2,571,189	$128M	added+3%	−0.09 pp	3 q
MTSCMTS Systems Corp	1.95%	1,781,382	$127M	added0%	−0.03 pp	3 q
UPSUnited Parcel Service, Inc. Class B	1.88%	1,163,685	$122M	added0%	+0.05 pp	3 q
CHRWC.H. Robinson Worldwide, Inc.	1.74%	1,933,572	$113M	added+12%	−0.04 pp	3 q
FISVFiserv, Inc.	1.74%	1,913,592	$113M	trimmed−0%	+0.06 pp	3 q
WUThe Western Union Company	1.39%	5,223,986	$90M	added+66%	+0.38 pp	3 q
unresolvedTechne Corp	1.35%	929,612	$88M	added+23%	+0.31 pp	3 q
PDCOPatterson Companies, Inc.	1.29%	2,033,340	$84M	added+3%	−0.08 pp	3 q
PFEPfizer Inc.	1.21%	2,570,105	$79M	trimmed−1%	−0.07 pp	3 q
DISThe Walt Disney Company	1.18%	1,004,092	$77M	added+25%	+0.28 pp	3 q
GLWCorning Incorporated	1.15%	4,208,490	$75M	trimmed−1%	+0.08 pp	3 q
unresolvedTcf Financial Corp	1.11%	4,426,750	$72M	trimmed−1%	+0.01 pp	3 q
RHHBYRoche Holding Ltd S/	1.09%	1,013,940	$71M	added+66%	+0.38 pp	2 q
FASTFastenal Co	1.00%	1,371,274	$65M	added+8%	−0.10 pp	3 q
XOMExxon Mobil Corp	0.97%	622,171	$63M	added+6%	+0.09 pp	3 q
ZBHZimmer Biomet Holdings, Inc.	0.95%	663,084	$62M	trimmed−1%	0.00 pp	3 q
TRVThe Travelers Companies, Inc.	0.91%	656,361	$59M	trimmed−0%	−0.05 pp	3 q
ASBAssociated Banc-Corp	0.87%	3,252,586	$57M	added+3%	+0.03 pp	3 q
QCOMQualcomm Inc	0.87%	757,734	$56M	added+4%	+0.03 pp	3 q
BMIBadger Meter, Inc.	0.67%	794,912	$43M	added+3%	+0.05 pp	3 q
unresolvedG & K Services Cl A	0.64%	667,446	$42M	trimmed−9%	−0.12 pp	3 q
MDUMDU Resources Group, Inc.	0.60%	1,272,857	$39M	added+39%	+0.16 pp	3 q
NVECNVE Corp	0.60%	674,564	$39M	added+2%	+0.02 pp	3 q
CRAYCray, Inc.	0.59%	1,387,010	$38M	added+2%	+0.03 pp	3 q
INTCIntel Corp	0.57%	1,419,631	$37M	added+2%	+0.02 pp	3 q
COPConocoPhillips	0.48%	439,847	$31M	trimmed−0%	−0.05 pp	3 q
DLXDeluxe Corporation	0.39%	485,878	$25M	added+1%	+0.05 pp	3 q
HDHome Depot, Inc.	0.33%	258,412	$21M	trimmed−4%	−0.02 pp	3 q
BPBP p.l.c.	0.32%	423,816	$21M	trimmed−1%	+0.01 pp	3 q
CVXChevron Corporation	0.31%	163,583	$20M	added+20%	+0.02 pp	3 q
IBMInternational Business Machines Corporation	0.30%	104,128	$20M	added+18%	+0.02 pp	3 q
SU6Surmodics Inc	0.28%	745,690	$18M	trimmed−1%	−0.03 pp	3 q
KMBKimberly-Clark Corp.	0.27%	164,929	$17M	added0%	0.00 pp	3 q
PGProcter & Gamble Company	0.27%	212,014	$17M	trimmed−1%	−0.01 pp	3 q
BMYBristol-Myers Squibb Co.	0.25%	300,756	$16M	trimmed−1%	+0.01 pp	3 q
XELXcel Energy, Inc.	0.25%	587,949	$16M	added+2%	−0.02 pp	3 q
JPMJPMorgan Chase & Co.	0.24%	262,968	$15M	trimmed−1%	0.00 pp	3 q
LLYEli Lilly & Co.	0.24%	303,237	$15M	added+2%	−0.02 pp	3 q
ABBVAbbvie Inc.	0.23%	279,694	$15M	added+4%	+0.02 pp	3 q
ABTAbbott Laboratories	0.21%	351,373	$13M	added+4%	+0.02 pp	3 q
AEBAAllete Inc	0.17%	222,116	$11M	added+10%	0.00 pp	3 q
VZVerizon Communications	0.16%	216,175	$11M	trimmed−2%	−0.02 pp	3 q
DAKTDaktronics Inc	0.15%	605,547	$9M	trimmed−77%	−0.36 pp	3 q
AXPAmerican Express Company	0.13%	94,589	$9M	trimmed−2%	0.00 pp	3 q
MSFTMicrosoft Corp	0.11%	193,954	$7M	added+4%	0.00 pp	3 q
MRKMerck & Co., Inc.	0.10%	130,654	$7M	added+15%	+0.01 pp	3 q
SNASnap-on Incorporated	0.10%	57,806	$6M	trimmed−7%	−0.01 pp	3 q
SPYState Street SPDR S&P 500 ETF Trust	0.08%	27,493	$5M	trimmed−15%	−0.01 pp	3 q
SSYSStratasys Inc (ISRAEL)	0.06%	31,180	$4M	trimmed−2%	0.00 pp	3 q
ADCAgree Realty Corporation	0.05%	117,000	$3M	added+29%	0.00 pp	3 q
unresolvedBuffalo Wild Wings Inc	0.05%	20,200	$3M	held	—	3 q
THRMGentherm Inc	0.05%	109,685	$3M	new	+0.05 pp	new
HWKNHawkins Inc	0.05%	83,000	$3M	added+22%	+0.01 pp	3 q
MURMurphy Oil Corp.	0.05%	51,700	$3M	added+2%	0.00 pp	3 q
OSKOshkosh Corp.	0.05%	65,300	$3M	added+49%	+0.01 pp	3 q
unresolvedPrivatebancorp Inc	0.05%	123,200	$4M	added+17%	+0.01 pp	3 q
WTFCWintrust Financial Corp	0.05%	73,000	$3M	added+17%	+0.01 pp	3 q
APOGApogee Enterprises Inc	0.04%	75,900	$3M	held	—	3 q
CASYCasey's General Stores Inc	0.04%	34,400	$2M	added+5%	0.00 pp	3 q
unresolvedLandauer	0.04%	46,629	$2M	added+16%	0.00 pp	3 q
unresolvedManitowoc Inc	0.04%	106,500	$2M	added+18%	+0.01 pp	2 q
unresolvedMOCON Inc.	0.04%	148,675	$2M	added+1%	+0.01 pp	3 q
NOGNorthern Oil and Gas, Inc.	0.04%	152,820	$2M	added+58%	+0.02 pp	2 q
PSXPhillips 66	0.04%	31,911	$2M	trimmed−5%	+0.01 pp	3 q
unresolvedVascular Solutions	0.04%	118,621	$3M	added+58%	+0.02 pp	3 q
unresolvedBank Mutual Corp	0.03%	278,613	$2M	held	—	3 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	15,523	$2M	added+7%	0.00 pp	3 q
GTLSChart Inds Inc	0.03%	21,700	$2M	added+50%	0.00 pp	3 q
KOCoca-Cola Company	0.03%	41,118	$2M	added+54%	+0.01 pp	3 q
HSYThe Hershey Company	0.03%	19,618	$2M	held	—	3 q
HUBGHUB Group Inc	0.03%	53,800	$2M	added+29%	0.00 pp	3 q
unresolvedKodiak Oil & Gas Corp	0.03%	196,400	$2M	added+35%	0.00 pp	3 q
MCDMcDonald's Corporation	0.03%	19,646	$2M	trimmed−1%	0.00 pp	3 q
OASOasis Petroleum Inc	0.03%	47,400	$2M	trimmed−3%	−0.01 pp	3 q
PRLBProto Labs, Inc.	0.03%	26,704	$2M	added+25%	0.00 pp	3 q
SCHWThe Charles Schwab Corporation	0.03%	85,550	$2M	added+1%	0.00 pp	3 q
SCHBSchwab U.S. Broad Market ETF	0.03%	50,330	$2M	held	—	3 q
WDRWaddell & Reed Financial, Inc.	0.03%	25,600	$2M	added+7%	+0.01 pp	3 q
TAT&T Inc.	0.02%	42,012	$1M	added+1%	0.00 pp	3 q
unresolvedAdvent Software Inc	0.02%	33,200	$1M	held	—	3 q
AMGNAmgen Inc	0.02%	10,780	$1M	trimmed−4%	0.00 pp	3 q
AAPLApple Inc.	0.02%	1,783	$1M	added+13%	+0.01 pp	3 q
BACBank of America Corporation	0.02%	78,994	$1M	trimmed−4%	0.00 pp	3 q
unresolvedCabelas Inc. Cl A	0.02%	16,400	$1M	held	—	3 q
CSCOCisco Systems, Inc. (DE)	0.02%	56,804	$1M	added+5%	0.00 pp	3 q
GPCGenuine Parts Company	0.02%	14,050	$1M	trimmed−12%	0.00 pp	3 q
IVViShares Core S&P 500 ETF	0.02%	8,371	$2M	added+41%	0.00 pp	3 q
LNCLincoln National Corp.	0.02%	20,000	$1M	held	—	3 q
ORCLOracle Corp	0.02%	41,295	$2M	added×3.0	+0.01 pp	3 q
PEPPepsiCo, Inc.	0.02%	12,424	$1M	trimmed−9%	0.00 pp	3 q
RYRoyal Bank of Canada	0.02%	17,890	$1M	held	—	3 q
RDS.ARoyal Dutch Shell PLC	0.02%	22,151	$2M	trimmed−2%	−0.01 pp	3 q
SPSCSPS Commerce, Inc.	0.02%	20,300	$1M	added+41%	0.00 pp	3 q
SCHFSchwab International Equity ETF	0.02%	43,000	$1M	held	—	3 q
unresolvedSigma Aldrich Corp	0.02%	11,064	$1M	added0%	0.00 pp	3 q
RGRSturm, Ruger & Company, Inc.	0.02%	16,800	$1M	trimmed−50%	−0.02 pp	3 q
UTXZRTX Corporation	0.02%	10,364	$1M	trimmed−3%	0.00 pp	3 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.02%	21,204	$2M	held	—	3 q
unresolvedVasco Data Sec Intl Inc	0.02%	170,200	$1M	added+13%	0.00 pp	3 q
unresolvedIngersoll-Rand Plc	0.02%	25,781	$2M	held	—	3 q
unresolvedAirgas Inc	0.01%	3,700	$414,000	new	+0.01 pp	new
MOAltria Group, Inc.	0.01%	10,385	$399,000	held	—	3 q
AMZNAmazon.Com Inc	0.01%	1,499	$598,000	new	+0.01 pp	new
ADPAutomatic Data Processing	0.01%	5,329	$431,000	added+4%	0.00 pp	3 q
BOHBank of Hawaii Corp.	0.01%	10,000	$591,000	held	—	3 q
BMOBank of Montreal	0.01%	11,636	$776,000	trimmed−38%	−0.01 pp	3 q
BDXBecton, Dickinson and Co.	0.01%	5,188	$573,000	added+3%	0.00 pp	3 q
BRK.ABerkshire Hathaway Inc.	0.01%	3	$534,000	held	—	2 q
unresolvedCigna Corporation	0.01%	4,890	$428,000	held	—	3 q
CVSCvs Health Corporation	0.01%	6,987	$500,000	new	+0.01 pp	new
KMXCarMax Inc.	0.01%	7,975	$375,000	new	+0.01 pp	new
CERNCerner Corp	0.01%	6,744	$376,000	new	+0.01 pp	new
CMGChipotle Mexican Grill, Inc.	0.01%	1,030	$549,000	new	+0.01 pp	new
CHDChurch & Dwight Co., Inc.	0.01%	5,600	$371,000	new	+0.01 pp	new
CLColgate-Palmolive Company	0.01%	9,816	$640,000	added+2%	0.00 pp	3 q
unresolvedCooper Cos Inc/The	0.01%	3,000	$372,000	new	+0.01 pp	new
DHRDanaher Corporation	0.01%	5,717	$441,000	new	+0.01 pp	new
DDominion Energy, Inc	0.01%	6,794	$440,000	held	—	3 q
DNKNDunkin' Brands Group, Inc.	0.01%	7,500	$362,000	new	+0.01 pp	new
ECHOEcho Global Logistics Inc	0.01%	40,593	$872,000	held	—	3 q
EHTHeHealth, Inc.	0.01%	9,400	$437,000	new	+0.01 pp	new
FDXFedEx Corporation	0.01%	3,470	$499,000	held	—	3 q
FTAFirst Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.01%	19,919	$801,000	new	+0.01 pp	new
unresolvedGoogle Inc.	0.01%	476	$533,000	held	—	3 q
HCSGHealthcare Services Group	0.01%	12,000	$340,000	new	+0.01 pp	new
HSTMHealthStream Inc	0.01%	11,500	$375,000	new	+0.01 pp	new
IDXXIdexx Laboratories Inc	0.01%	4,999	$532,000	new	+0.01 pp	new
IFFInternational Flavors & Fragrances Inc.	0.01%	4,546	$391,000	held	—	3 q
EEMiShares MSCI Emerging Markets ETF	0.01%	10,745	$449,000	held	—	3 q
EFAiShares MSCI EAFE ETF	0.01%	9,665	$648,000	trimmed−2%	0.00 pp	3 q
IWMiShares Russell 2000 ETF	0.01%	3,004	$347,000	trimmed−1%	0.00 pp	3 q
LKQLKQ Corporation	0.01%	14,000	$461,000	new	+0.01 pp	new
LULUlululemon athletica inc.	0.01%	6,100	$360,000	new	+0.01 pp	new
unresolvedMead Johnson Nut'n Co	0.01%	4,922	$412,000	new	+0.01 pp	new
unresolvedMinnesota Muni Income Portfoli	0.01%	31,200	$461,000	held	—	3 q
MUSAMurphy USA Inc.	0.01%	12,500	$520,000	trimmed−1%	0.00 pp	2 q
NGVCNatural Grocers By Vitamin Cottage, Inc	0.01%	10,000	$425,000	new	+0.01 pp	new
NSCNorfolk Southern Corp.	0.01%	3,687	$342,000	added+5%	+0.01 pp	3 q
PMPhilip Morris International Inc.	0.01%	11,135	$970,000	trimmed−0%	−0.01 pp	3 q
MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fund	0.01%	7,992	$810,000	held	—	3 q
PIIPolaris Inc.	0.01%	4,532	$660,000	added+7%	0.00 pp	3 q
PINCNPremier Inc-class A	0.01%	11,000	$404,000	new	+0.01 pp	new
unresolvedSirona Dental Systems Inc	0.01%	5,000	$351,000	new	+0.01 pp	new
SBUXStarbucks Corp	0.01%	7,259	$569,000	new	+0.01 pp	new
SRCLStericycle Inc	0.01%	5,157	$599,000	new	+0.01 pp	new
TNCTennant Company	0.01%	9,200	$624,000	held	—	3 q
TSCOTractor Supply Co	0.01%	9,274	$719,000	new	+0.01 pp	new
SLCAU.s. Silica Holdings, Inc.	0.01%	15,000	$512,000	new	+0.01 pp	new
VBVanguard Morningstar Small-Cap ETF	0.01%	5,385	$592,000	held	—	2 q
VVISA Inc.	0.01%	3,332	$742,000	added×2.4	+0.01 pp	3 q
WMTWalmart Inc.	0.01%	11,257	$886,000	added+1%	0.00 pp	3 q
unresolvedWalgreen Co	0.01%	14,013	$805,000	trimmed−17%	−0.01 pp	3 q
WYWeyerhaeuser Company	0.01%	23,537	$743,000	new	+0.01 pp	new
ALLEAllegion Public Limited Company	0.01%	8,480	$375,000	new	+0.01 pp	new
LNTAlliant Energy Corporation	0.00%	3,955	$204,000	new	0.00 pp	new
AMPAmeriprise Financial, Inc.	0.00%	2,431	$280,000	held	—	2 q
APCAnadarko Petroleum Corp	0.00%	3,835	$304,000	trimmed−2%	−0.01 pp	3 q
9990302DApache Corp	0.00%	2,933	$252,000	held	—	3 q
BECNBeacon Roofing Supply, Inc.	0.00%	7,100	$286,000	new	0.00 pp	new
BIIBBiogen Inc.	0.00%	1,125	$315,000	held	—	3 q
BABoeing Company	0.00%	2,030	$277,000	held	—	3 q
CATCaterpillar Inc.	0.00%	2,786	$253,000	trimmed−33%	−0.01 pp	3 q
CNPCenterPoint Energy, Inc.	0.00%	9,690	$225,000	held	—	3 q
CCitigroup Inc.	0.00%	4,038	$210,000	new	0.00 pp	new
CMCSAComcast Corp	0.00%	4,672	$243,000	held	—	3 q
COSTCostco Wholesale Corp	0.00%	1,969	$234,000	trimmed−9%	0.00 pp	3 q
EXCExelon Corporation	0.00%	7,933	$217,000	held	—	3 q
IEXIDEX Corporation	0.00%	4,072	$301,000	held	—	3 q
ITWIllinois Tool Works Inc.	0.00%	3,656	$307,000	added+6%	0.00 pp	3 q
unresolvedIntegrys Energy Group	0.00%	4,380	$238,000	held	—	3 q
IAUiShares Gold Trust	0.00%	13,327	$156,000	new	0.00 pp	new
IVWiShares S&P 500 Growth ETF	0.00%	3,233	$319,000	held	—	3 q
IWRiShares Russell Mid-Cap ETF	0.00%	2,010	$301,000	held	—	2 q
IJRiShares Core S&P Small-Cap ETF	0.00%	2,345	$256,000	held	—	2 q
KELKellanova	0.00%	4,208	$257,000	added+6%	0.00 pp	3 q
USALiberty All-Star Equity Fund	0.00%	11,729	$70,000	held	—	3 q
LOWLowe's Companies Inc.	0.00%	6,034	$299,000	added+6%	0.00 pp	3 q
NEENextEra Energy, Inc.	0.00%	3,600	$308,000	added+5%	0.00 pp	3 q
NKENike, Inc.	0.00%	2,730	$215,000	new	0.00 pp	new
NVSNovartis AG	0.00%	3,555	$286,000	trimmed−7%	−0.01 pp	3 q
unresolvedPershing Gold Corp	0.00%	29,800	$10,000	added+99%	0.00 pp	2 q
POMPolymet Mining Corp	0.00%	10,000	$9,000	held	—	3 q
PCYOPure Cycle Corporation	0.00%	11,855	$75,000	held	—	3 q
unresolvedSonus Networks	0.00%	15,000	$47,000	held	—	3 q
unresolvedSynovus Financial Corp	0.00%	11,140	$40,000	held	—	3 q
SYYSysco Corporation	0.00%	6,787	$245,000	added+6%	0.00 pp	2 q
TITNTitan Machinery Inc.	0.00%	17,400	$310,000	trimmed−83%	−0.03 pp	3 q
WABCWestamerica Bancorporation	0.00%	5,359	$303,000	held	—	3 q
unresolvedSuperior Energy Services Inc	—	−32,900	—	exited	−0.01 pp	—
BGSB&G Foods, Inc.	—	−6,360	—	exited	0.00 pp	—
unresolvedBlackrock Real Asset Eq Tr	—	−24,524	—	exited	0.00 pp	—
DEDeere & Company	—	−2,480	—	exited	0.00 pp	—
INODInnodata Inc.	—	−48,597	—	exited	0.00 pp	—
NSRGYNestle S.a S/	—	−3,043	—	exited	0.00 pp	—
OXYOccidental Petroleum Corporation	—	−2,150	—	exited	0.00 pp	—
UNPUnion Pacific Corp.	—	−1,817	—	exited	0.00 pp	—
VWOVanguard FTSE Emerging Markets ETF	—	−6,012	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 34 unresolved
Accession: 0001104659-14-010166
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

A security outside the official 13F list — CUSIP 715302105 not on the Official 13(f) List for 2013-12-31
A security outside the official 13F list — CUSIP 771195104 not on the Official 13(f) List for 2013-12-31

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