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Mairs & Power

Q1 2014 13F

As of
Mar 31, 2014
Filed
May 15, 2014
US stock
$6.7B · prev $6.5B
Positions
205 · prev 210
Options notional
$0
Documents
1· no amendments

Picture98.8% US stock

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

  • US stock listed on a US exchange 98.8%
  • Foreign stock not listed in the US 1.2%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves189 since the prior filing

The book

Diversified · behaves like 43 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 3.8% a year, about 26.5 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions19% of US stock

  1. MMM 3M Company added−0.29 pp added−0.294.2%
  2. USB U.S. Bancorp added+0.12 pp added+0.123.8%
  3. unresolved Medtronic Inc added+0.15 pp added+0.153.8%
  4. unresolved Valspar Corp added−0.06 pp added−0.063.5%
  5. EMR Emerson Electric Co. added−0.29 pp added−0.293.4%

Positions205 in this filing · 15 exited

MMM3M Company4.20%2,090,266$284Madded0%−0.29 pp4 q
USBU.S. Bancorp3.81%5,992,260$257Madded+1%+0.12 pp4 q
unresolvedMedtronic Inc3.76%4,124,297$254Madded+1%+0.15 pp4 q
unresolvedValspar Corp3.45%3,223,701$232Madded+1%−0.06 pp4 q
EMREmerson Electric Co.3.39%3,428,750$229Madded+1%−0.29 pp4 q
ECLEcolab, Inc.3.24%2,022,934$218Madded0%0.00 pp4 q
HONHoneywell International, Inc.3.19%2,319,268$215Mtrimmed−1%−0.09 pp4 q
TGTTarget Corporation3.12%3,480,189$211Madded+3%−0.16 pp4 q
SLBSLB Limited3.09%2,137,164$208Madded+3%+0.23 pp4 q
unresolvedPentair Ltd2.97%2,527,275$201Mtrimmed−8%−0.30 pp4 q
JNJJohnson & Johnson2.93%2,011,442$198Madded+10%+0.36 pp4 q
TTCToro Company (The)2.76%2,949,753$186Mtrimmed−8%−0.37 pp4 q
DCIDonaldson Company, Inc.2.67%4,248,805$180Mtrimmed−0%−0.17 pp4 q
BAXBaxter International Inc.2.55%2,342,265$172Madded+9%+0.24 pp4 q
GGGGraco Inc2.55%2,302,550$172Madded+1%−0.20 pp4 q
GISGeneral Mills, Inc.2.46%3,201,280$166Madded+25%+0.49 pp4 q
unresolvedBemis Inc2.45%4,212,913$165Madded+23%+0.29 pp4 q
FULH.B. Fuller Company2.42%3,382,123$163Mtrimmed−1%−0.30 pp4 q
HRLHormel Foods Corporation2.39%3,267,615$161Mtrimmed−1%+0.11 pp4 q
WFCWells Fargo & Co.2.35%3,193,534$159Madded0%+0.13 pp4 q
unresolvedGeneral Electric Co2.06%5,364,076$139Madded0%−0.24 pp4 q
unresolvedSt Jude Med Inc2.03%2,098,745$137Mtrimmed−1%+0.02 pp4 q
MTSCMTS Systems Corp1.81%1,782,222$122Madded0%−0.14 pp4 q
UPSUnited Parcel Service, Inc. Class B1.79%1,240,221$121Madded+7%−0.09 pp4 q
PFGPrincipal Financial Group, Inc.1.78%2,610,414$120Mtrimmed−0%−0.20 pp4 q
FISVFiserv, Inc.1.60%1,904,432$108Mtrimmed−0%−0.14 pp4 q
CHRWC.H. Robinson Worldwide, Inc.1.57%2,027,757$106Madded+5%−0.17 pp4 q
WUThe Western Union Company1.38%5,700,891$93Madded+9%−0.01 pp4 q
FASTFastenal Co1.34%1,840,546$91Madded+34%+0.34 pp4 q
GLWCorning Incorporated1.28%4,151,918$86Mtrimmed−1%+0.13 pp4 q
PDCOPatterson Companies, Inc.1.27%2,049,083$86Madded+1%−0.02 pp4 q
unresolvedTechne Corp1.26%995,851$85Madded+7%−0.09 pp4 q
PFEPfizer Inc.1.22%2,561,304$82Mtrimmed−0%+0.01 pp4 q
RHHBYRoche Holding Ltd S/1.20%2,138,396$81Madded+5%+0.11 pp3 q
DISThe Walt Disney Company1.18%993,874$80Mtrimmed−1%0.00 pp4 q
unresolvedTcf Financial Corp1.10%4,454,125$74Madded+1%−0.01 pp4 q
XOMExxon Mobil Corp0.93%643,068$63Madded+3%−0.04 pp4 q
ZBHZimmer Biomet Holdings, Inc.0.93%661,009$63Mtrimmed−0%−0.02 pp4 q
BMIBadger Meter, Inc.0.92%1,125,016$62Madded+42%+0.25 pp4 q
QCOMQualcomm Inc0.89%761,914$60Madded+1%+0.02 pp4 q
ASBAssociated Banc-Corp0.88%3,300,935$60Madded+1%+0.01 pp4 q
TRVThe Travelers Companies, Inc.0.82%649,156$55Mtrimmed−1%−0.09 pp4 q
MDUMDU Resources Group, Inc.0.81%1,595,251$55Madded+25%+0.21 pp4 q
CRAYCray, Inc.0.75%1,359,555$51Mtrimmed−2%+0.16 pp4 q
DLXDeluxe Corporation0.63%809,297$42Madded+67%+0.24 pp4 q
unresolvedG & K Services Cl A0.59%655,071$40Mtrimmed−2%−0.05 pp4 q
NVECNVE Corp0.57%673,754$38Mtrimmed−0%−0.03 pp4 q
INTCIntel Corp0.54%1,412,283$36Mtrimmed−1%−0.03 pp4 q
IBMInternational Business Machines Corporation0.48%167,957$32Madded+61%+0.18 pp4 q
COPConocoPhillips0.47%448,374$32Madded+2%−0.01 pp4 q
CVXChevron Corporation0.33%188,157$22Madded+15%+0.02 pp4 q
PGProcter & Gamble Company0.31%263,125$21Madded+24%+0.04 pp4 q
BPBP p.l.c.0.29%408,972$20Mtrimmed−4%−0.03 pp4 q
HDHome Depot, Inc.0.29%247,057$20Mtrimmed−4%−0.04 pp4 q
KMBKimberly-Clark Corp.0.27%162,731$18Mtrimmed−1%0.00 pp4 q
LLYEli Lilly & Co.0.26%293,004$17Mtrimmed−3%+0.02 pp4 q
XELXcel Energy, Inc.0.26%585,675$18Mtrimmed−0%+0.01 pp4 q
SU6Surmodics Inc0.25%739,540$17Mtrimmed−1%−0.03 pp4 q
JPMJPMorgan Chase & Co.0.24%267,653$16Madded+2%0.00 pp4 q
BMYBristol-Myers Squibb Co.0.23%296,839$15Mtrimmed−1%−0.02 pp4 q
ABBVAbbvie Inc.0.21%269,936$14Mtrimmed−3%−0.02 pp4 q
ABTAbbott Laboratories0.20%343,865$13Mtrimmed−2%−0.01 pp4 q
AEBAAllete Inc0.18%226,034$12Madded+2%+0.01 pp4 q
VZVerizon Communications0.15%212,686$10Mtrimmed−2%−0.01 pp4 q
AXPAmerican Express Company0.12%93,050$8Mtrimmed−2%−0.01 pp4 q
MSFTMicrosoft Corp0.12%192,396$8Mtrimmed−1%+0.01 pp4 q
MRKMerck & Co., Inc.0.10%114,212$6Mtrimmed−13%0.00 pp4 q
SNASnap-on Incorporated0.10%58,656$7Madded+1%0.00 pp4 q
SPYState Street SPDR S&P 500 ETF Trust0.07%26,861$5Mtrimmed−2%−0.01 pp4 q
ADCAgree Realty Corporation0.06%124,300$4Madded+6%+0.01 pp4 q
unresolvedBuffalo Wild Wings Inc0.06%26,300$4Madded+30%+0.01 pp4 q
THRMGentherm Inc0.06%119,185$4Madded+9%+0.01 pp2 q
OSKOshkosh Corp.0.06%64,500$4Mtrimmed−1%+0.01 pp4 q
unresolvedPrivatebancorp Inc0.06%128,500$4Madded+4%+0.01 pp4 q
WTFCWintrust Financial Corp0.06%80,800$4Madded+11%+0.01 pp4 q
APOGApogee Enterprises Inc0.05%102,600$3Madded+35%+0.01 pp4 q
DAKTDaktronics Inc0.05%241,365$3Mtrimmed−60%−0.10 pp4 q
HWKNHawkins Inc0.05%99,100$4Madded+19%0.00 pp4 q
unresolvedManitowoc Inc0.05%106,500$3Mheld—3 q
MURMurphy Oil Corp.0.05%53,100$3Madded+3%0.00 pp4 q
unresolvedVascular Solutions0.05%134,821$4Madded+14%+0.01 pp4 q
SSYSStratasys Inc (ISRAEL)0.05%30,380$3Mtrimmed−3%−0.01 pp4 q
CASYCasey's General Stores Inc0.04%38,900$3Madded+13%0.00 pp4 q
GTLSChart Inds Inc0.04%29,900$2Madded+38%+0.01 pp4 q
GNRCGenerac Holdings Inc0.04%44,400$3Mnew+0.04 ppnew
HUBGHUB Group Inc0.04%60,900$2Madded+13%+0.01 pp4 q
unresolvedMOCON Inc.0.04%156,574$3Madded+5%0.00 pp4 q
NOGNorthern Oil and Gas, Inc.0.04%176,620$3Madded+16%0.00 pp3 q
PRLBProto Labs, Inc.0.04%35,104$2Madded+31%+0.01 pp4 q
SCHWThe Charles Schwab Corporation0.04%86,610$2Madded+1%+0.01 pp4 q
unresolvedBank Mutual Corp0.03%291,313$2Madded+5%0.00 pp4 q
BRK.BBERKSHIRE HATHAWAY Class B0.03%17,181$2Madded+11%0.00 pp4 q
unresolvedCabelas Inc. Cl A0.03%28,200$2Madded+72%+0.01 pp4 q
HSYThe Hershey Company0.03%19,618$2Mheld—4 q
unresolvedKodiak Oil & Gas Corp0.03%173,800$2Mtrimmed−12%0.00 pp4 q
unresolvedLandauer0.03%50,829$2Madded+9%−0.01 pp4 q
MCDMcDonald's Corporation0.03%21,293$2Madded+8%0.00 pp4 q
OASOasis Petroleum Inc0.03%54,700$2Madded+15%0.00 pp4 q
ORCLOracle Corp0.03%42,043$2Madded+2%+0.01 pp4 q
PSXPhillips 660.03%27,985$2Mtrimmed−12%−0.01 pp4 q
SCHBSchwab U.S. Broad Market ETF0.03%50,230$2Mtrimmed−0%0.00 pp4 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)0.03%21,454$2Madded+1%+0.01 pp4 q
TAT&T Inc.0.02%42,525$1Madded+1%0.00 pp4 q
unresolvedAdvent Software Inc0.02%46,900$1Madded+41%0.00 pp4 q
AMGNAmgen Inc0.02%10,780$1Mheld—4 q
AAPLApple Inc.0.02%2,111$1Madded+18%0.00 pp4 q
BACBank of America Corporation0.02%82,725$1Madded+5%0.00 pp4 q
CSCOCisco Systems, Inc. (DE)0.02%50,989$1Mtrimmed−10%0.00 pp4 q
KOCoca-Cola Company0.02%32,811$1Mtrimmed−20%−0.01 pp4 q
GPCGenuine Parts Company0.02%14,050$1Mheld—4 q
IVViShares Core S&P 500 ETF0.02%6,503$1Mtrimmed−22%0.00 pp4 q
LNCLincoln National Corp.0.02%20,000$1Mheld—4 q
PEPPepsiCo, Inc.0.02%13,058$1Madded+5%0.00 pp4 q
RYRoyal Bank of Canada0.02%18,423$1Madded+3%0.00 pp4 q
RDS.ARoyal Dutch Shell PLC0.02%22,020$2Mtrimmed−1%0.00 pp4 q
SPSCSPS Commerce, Inc.0.02%26,400$2Madded+30%0.00 pp4 q
SCHFSchwab International Equity ETF0.02%43,000$1Mheld—4 q
unresolvedSigma Aldrich Corp0.02%11,064$1Mheld—4 q
UTXZRTX Corporation0.02%11,171$1Madded+8%0.00 pp4 q
unresolvedVasco Data Sec Intl Inc0.02%200,240$2Madded+18%0.00 pp4 q
WDRWaddell & Reed Financial, Inc.0.02%17,900$1Mtrimmed−30%−0.01 pp4 q
unresolvedIngersoll-Rand Plc0.02%25,641$1Mtrimmed−1%0.00 pp4 q
MOAltria Group, Inc.0.01%9,806$367,000trimmed−6%0.00 pp4 q
AMZNAmazon.Com Inc0.01%1,189$400,000trimmed−21%0.00 pp2 q
ADPAutomatic Data Processing0.01%5,202$402,000trimmed−2%0.00 pp4 q
BOHBank of Hawaii Corp.0.01%10,000$606,000held—4 q
BMOBank of Montreal0.01%9,636$646,000trimmed−17%0.00 pp4 q
BDXBecton, Dickinson and Co.0.01%5,188$607,000held—4 q
BRK.ABerkshire Hathaway Inc.0.01%3$562,000held—3 q
BIIBBiogen Inc.0.01%1,125$344,000held—4 q
unresolvedCigna Corporation0.01%4,890$409,000held—4 q
CLColgate-Palmolive Company0.01%9,693$629,000trimmed−1%0.00 pp4 q
DHRDanaher Corporation0.01%5,682$426,000trimmed−1%0.00 pp2 q
DDominion Energy, Inc0.01%7,071$502,000added+4%0.00 pp4 q
FDXFedEx Corporation0.01%3,470$460,000held—4 q
FTAFirst Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)0.01%24,295$1Madded+22%0.00 pp2 q
unresolvedGoogle Inc.0.01%560$624,000added+18%0.00 pp4 q
IDXXIdexx Laboratories Inc0.01%4,999$607,000held—2 q
IFFInternational Flavors & Fragrances Inc.0.01%4,000$383,000trimmed−12%0.00 pp4 q
EEMiShares MSCI Emerging Markets ETF0.01%8,645$355,000trimmed−20%0.00 pp4 q
EFAiShares MSCI EAFE ETF0.01%9,105$612,000trimmed−6%0.00 pp4 q
IWMiShares Russell 2000 ETF0.01%2,925$340,000trimmed−3%0.00 pp4 q
unresolvedMinnesota Muni Income Portfoli0.01%31,200$526,000held—4 q
MUSAMurphy USA Inc.0.01%12,500$507,000held—3 q
NEENextEra Energy, Inc.0.01%3,615$346,000added0%+0.01 pp4 q
NSCNorfolk Southern Corp.0.01%3,487$339,000trimmed−5%0.00 pp4 q
NVSNovartis AG0.01%4,105$349,000added+15%+0.01 pp4 q
PMPhilip Morris International Inc.0.01%10,935$895,000trimmed−2%0.00 pp4 q
MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fund0.01%7,162$726,000trimmed−10%0.00 pp4 q
PIIPolaris Inc.0.01%4,532$633,000held—4 q
SRCLStericycle Inc0.01%3,957$450,000trimmed−23%0.00 pp2 q
RGRSturm, Ruger & Company, Inc.0.01%16,600$993,000trimmed−1%−0.01 pp4 q
TNCTennant Company0.01%9,200$604,000held—4 q
TSCOTractor Supply Co0.01%5,274$373,000trimmed−43%0.00 pp2 q
VWOVanguard FTSE Emerging Markets ETF0.01%10,245$416,000new+0.01 ppnew
VBVanguard Morningstar Small-Cap ETF0.01%5,385$608,000held—3 q
VVISA Inc.0.01%1,937$418,000trimmed−42%0.00 pp4 q
WMTWalmart Inc.0.01%11,057$845,000trimmed−2%0.00 pp4 q
unresolvedWalgreen Co0.01%12,663$836,000trimmed−10%0.00 pp4 q
WYWeyerhaeuser Company0.01%15,204$446,000trimmed−35%0.00 pp2 q
ALLEAllegion Public Limited Company0.01%8,398$438,000trimmed−1%0.00 pp2 q
unresolvedAirgas Inc0.00%3,000$320,000trimmed−19%−0.01 pp2 q
LNTAlliant Energy Corporation0.00%4,564$259,000added+15%0.00 pp2 q
AMPAmeriprise Financial, Inc.0.00%2,431$268,000held—3 q
APCAnadarko Petroleum Corp0.00%3,705$314,000trimmed−3%0.00 pp4 q
9990302DApache Corp0.00%2,796$232,000trimmed−5%0.00 pp4 q
BABoeing Company0.00%2,392$300,000added+18%0.00 pp4 q
CVSCvs Health Corporation0.00%3,367$252,000trimmed−52%−0.01 pp2 q
CATCaterpillar Inc.0.00%2,720$270,000trimmed−2%0.00 pp4 q
CNPCenterPoint Energy, Inc.0.00%9,790$232,000added+1%0.00 pp4 q
CCitigroup Inc.0.00%5,102$243,000added+26%0.00 pp2 q
CMCSAComcast Corp0.00%6,132$307,000added+31%0.00 pp4 q
COSTCostco Wholesale Corp0.00%2,514$281,000added+28%0.00 pp4 q
DUKDuke Energy Corporation0.00%3,072$219,000new0.00 ppnew
ECHOEcho Global Logistics Inc0.00%17,393$319,000trimmed−57%−0.01 pp4 q
EXCExelon Corporation0.00%7,648$257,000trimmed−4%0.00 pp4 q
unresolvedGlaxosmithkline PLC0.00%4,496$240,000new0.00 ppnew
IEXIDEX Corporation0.00%4,072$297,000held—4 q
ITWIllinois Tool Works Inc.0.00%3,676$299,000added+1%0.00 pp4 q
unresolvedIntegrys Energy Group0.00%4,380$261,000held—4 q
IAUiShares Gold Trust0.00%16,346$203,000added+23%0.00 pp2 q
IVWiShares S&P 500 Growth ETF0.00%2,030$203,000trimmed−37%0.00 pp4 q
IWRiShares Russell Mid-Cap ETF0.00%1,910$296,000trimmed−5%0.00 pp3 q
IJRiShares Core S&P Small-Cap ETF0.00%2,345$258,000held—3 q
IJTiShares S&P Small-Cap 600 Growth ETF0.00%1,790$213,000new0.00 ppnew
KELKellanova0.00%4,077$256,000trimmed−3%0.00 pp4 q
USALiberty All-Star Equity Fund0.00%11,729$69,000held—4 q
LOWLowe's Companies Inc.0.00%6,452$316,000added+7%0.00 pp4 q
LULUlululemon athletica inc.0.00%3,900$205,000trimmed−36%−0.01 pp2 q
unresolvedMead Johnson Nut'n Co0.00%2,622$218,000trimmed−47%−0.01 pp2 q
unresolvedPershing Gold Corp0.00%29,800$12,000held—3 q
POMPolymet Mining Corp0.00%10,000$14,000held—4 q
unresolvedPowershares Fin Pfd ETF0.00%12,581$224,000new0.00 ppnew
PCYOPure Cycle Corporation0.00%11,855$72,000held—4 q
unresolvedSirona Dental Systems Inc0.00%3,000$224,000trimmed−40%−0.01 pp2 q
unresolvedSonus Networks0.00%15,000$51,000held—4 q
SBUXStarbucks Corp0.00%4,208$309,000trimmed−42%−0.01 pp2 q
unresolvedSynovus Financial Corp0.00%11,140$38,000held—4 q
SYYSysco Corporation0.00%6,787$245,000held—3 q
TMOThermo Fisher Scientific, Inc.0.00%1,910$230,000new0.00 ppnew
SLCAU.s. Silica Holdings, Inc.0.00%5,400$206,000trimmed−64%−0.01 pp2 q
UNPUnion Pacific Corp.0.00%1,289$242,000new0.00 ppnew
UFCSUnited Fire Group Inc.0.00%6,600$200,000new0.00 ppnew
VIGVanguard Dividend Appreciation ETF0.00%2,709$204,000new0.00 ppnew
WABCWestamerica Bancorporation0.00%5,359$290,000held—4 q
KMXCarMax Inc.—−7,975—exited−0.01 pp—
CERNCerner Corp—−6,744—exited−0.01 pp—
CMGChipotle Mexican Grill, Inc.—−1,030—exited−0.01 pp—
CHDChurch & Dwight Co., Inc.—−5,600—exited−0.01 pp—
unresolvedCooper Cos Inc/The—−3,000—exited−0.01 pp—
DNKNDunkin' Brands Group, Inc.—−7,500—exited−0.01 pp—
EHTHeHealth, Inc.—−9,400—exited−0.01 pp—
HCSGHealthcare Services Group—−12,000—exited−0.01 pp—
HSTMHealthStream Inc—−11,500—exited−0.01 pp—
LKQLKQ Corporation—−14,000—exited−0.01 pp—
NGVCNatural Grocers By Vitamin Cottage, Inc—−10,000—exited−0.01 pp—
PINCNPremier Inc-class A—−11,000—exited−0.01 pp—
BECNBeacon Roofing Supply, Inc.—−7,100—exited0.00 pp—
NKENike, Inc.—−2,730—exited0.00 pp—
TITNTitan Machinery Inc.—−17,400—exited0.00 pp—

Source

Form
13F-HR
Reading
2 defects · 35 unresolved
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 2014-03-31
  • A security outside the official 13F list — CUSIP 771195104 not on the Official 13(f) List for 2014-03-31