Mairs & Power

Q4 2015 13F

As of: Dec 31, 2015
Filed: Feb 16, 2016
US stock: $6.7B · prev $6.4B
Positions: 190 · prev 174
Options notional: $0
Documents: 1· no amendments

Picture98.6% US stock

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

US stock listed on a US exchange 98.6%
Foreign stock not listed in the US 1.4%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves167 since the prior filing

+1.5 pp in · −1.5 pp out

New 19 +0.09 pp
Added 53 +1.39 pp
Trimmed 92 −1.41 pp
Exited 3 −0.05 pp

The book

Diversified · behaves like 44 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 6.5% a year, about 15.4 years per position

Low
Moderate
High

Top 5 positions19% of US stock

ECL Ecolab, Inc. trimmed−0.04 pp trimmed−0.044.1%
MMM 3M Company trimmed+0.01 pp trimmed+0.014.1%
USB U.S. Bancorp added+0.02 pp added+0.024.0%
MDT Medtronic plc trimmed+0.30 pp trimmed+0.303.6%
unresolved Valspar Corp added+0.35 pp added+0.353.6%

Positions190 in this filing · 3 exited


ECLEcolab, Inc.	4.14%	2,413,538	$276M	trimmed−1%	−0.04 pp	11 q
MMM3M Company	4.10%	1,817,560	$274M	trimmed−2%	+0.01 pp	11 q
USBU.S. Bancorp	4.02%	6,290,271	$268M	added+1%	+0.02 pp	11 q
MDTMedtronic plc	3.62%	3,143,155	$242M	trimmed−1%	+0.30 pp	5 q
unresolvedValspar Corp	3.56%	2,862,721	$237M	added0%	+0.35 pp	11 q
HONHoneywell International, Inc.	3.45%	2,223,982	$230M	trimmed−6%	−0.05 pp	11 q
JNJJohnson & Johnson	3.36%	2,184,308	$224M	added0%	+0.18 pp	11 q
unresolvedBemis Inc	3.10%	4,633,346	$207M	trimmed−3%	+0.16 pp	11 q
GGGGraco Inc	3.08%	2,850,450	$205M	trimmed−1%	+0.08 pp	11 q
GISGeneral Mills, Inc.	2.85%	3,291,894	$190M	trimmed−1%	−0.06 pp	11 q
TGTTarget Corporation	2.67%	2,455,100	$178M	trimmed−2%	−0.42 pp	11 q
HRLHormel Foods Corporation	2.40%	2,028,609	$160M	trimmed−27%	−0.34 pp	11 q
TTCToro Company (The)	2.36%	2,156,862	$158M	trimmed−10%	−0.28 pp	11 q
SLBSLB Limited	2.32%	2,221,524	$155M	trimmed−1%	−0.09 pp	11 q
DCIDonaldson Company, Inc.	2.30%	5,355,148	$153M	added+1%	−0.03 pp	11 q
WFCWells Fargo & Co.	2.25%	2,765,150	$150M	trimmed−1%	+0.02 pp	11 q
EMREmerson Electric Co.	2.14%	2,978,510	$142M	trimmed−17%	−0.35 pp	11 q
unresolvedSt Jude Med Inc	2.09%	2,258,163	$139M	added+11%	+0.09 pp	11 q
PNRPentair plc	1.98%	2,673,476	$132M	trimmed−0%	−0.16 pp	7 q
unresolvedGeneral Electric Co	1.96%	4,188,824	$130M	trimmed−4%	+0.23 pp	11 q
PFGPrincipal Financial Group, Inc.	1.95%	2,891,114	$130M	trimmed−1%	−0.21 pp	11 q
PFEPfizer Inc.	1.89%	3,897,329	$126M	added+27%	+0.39 pp	11 q
CHRWC.H. Robinson Worldwide, Inc.	1.88%	2,017,454	$125M	added+1%	−0.25 pp	11 q
FULH.B. Fuller Company	1.88%	3,436,542	$125M	added+1%	+0.08 pp	11 q
UPSUnited Parcel Service, Inc. Class B	1.80%	1,245,012	$120M	trimmed−1%	−0.15 pp	11 q
TECHBio-Techne Corp.	1.76%	1,306,885	$118M	added+1%	−0.11 pp	6 q
FISVFiserv, Inc.	1.68%	1,222,461	$112M	trimmed−3%	−0.03 pp	11 q
MTSCMTS Systems Corp	1.46%	1,536,183	$97M	trimmed−1%	0.00 pp	11 q
RHHBYRoche Holding Ltd S/	1.40%	2,714,500	$94M	added0%	0.00 pp	10 q
FASTFastenal Co	1.35%	2,202,867	$90M	added0%	+0.09 pp	11 q
WUThe Western Union Company	1.31%	4,864,988	$87M	added0%	−0.08 pp	11 q
BAXBaxter International Inc.	1.29%	2,252,752	$86M	trimmed−2%	+0.11 pp	11 q
DISThe Walt Disney Company	1.23%	782,608	$82M	trimmed−1%	−0.04 pp	11 q
CRAYCray, Inc.	1.19%	2,455,306	$80M	trimmed−6%	+0.38 pp	11 q
ZBHZimmer Biomet Holdings, Inc.	1.15%	745,878	$77M	added+41%	+0.37 pp	11 q
unresolvedBaxalta Inc	1.06%	1,809,670	$71M	trimmed−5%	+0.12 pp	2 q
BMIBadger Meter, Inc.	1.03%	1,175,731	$69M	trimmed−8%	−0.13 pp	11 q
TRVThe Travelers Companies, Inc.	1.01%	595,249	$67M	trimmed−3%	+0.06 pp	11 q
QCOMQualcomm Inc	0.99%	1,327,509	$66M	trimmed−2%	−0.14 pp	11 q
PDCOPatterson Companies, Inc.	0.94%	1,386,294	$63M	trimmed−1%	0.00 pp	11 q
ASBAssociated Banc-Corp	0.92%	3,272,529	$61M	trimmed−1%	−0.01 pp	11 q
XOMExxon Mobil Corp	0.92%	784,100	$61M	trimmed−0%	0.00 pp	11 q
AXPAmerican Express Company	0.85%	816,759	$57M	added+4%	−0.06 pp	11 q
GLWCorning Incorporated	0.82%	2,984,882	$55M	trimmed−1%	+0.02 pp	11 q
DLXDeluxe Corporation	0.54%	659,894	$36M	trimmed−16%	−0.14 pp	11 q
MDUMDU Resources Group, Inc.	0.51%	1,868,878	$34M	trimmed−14%	−0.07 pp	11 q
CVXChevron Corporation	0.49%	360,874	$32M	added+6%	+0.07 pp	11 q
SSYSStratasys Inc (ISRAEL)	0.46%	1,305,313	$31M	trimmed−15%	−0.18 pp	11 q
NVECNVE Corp	0.44%	525,566	$30M	trimmed−1%	+0.04 pp	11 q
unresolvedG & K Services Cl A	0.43%	458,398	$29M	added+5%	−0.03 pp	11 q
HDHome Depot, Inc.	0.42%	210,577	$28M	trimmed−2%	+0.03 pp	11 q
IBMInternational Business Machines Corporation	0.41%	198,072	$27M	trimmed−3%	−0.05 pp	11 q
GNRCGenerac Holdings Inc	0.37%	822,236	$24M	trimmed−3%	−0.03 pp	8 q
PGProcter & Gamble Company	0.35%	295,836	$23M	trimmed−1%	+0.02 pp	11 q
COPConocoPhillips	0.33%	478,504	$22M	trimmed−0%	−0.03 pp	11 q
BMYBristol-Myers Squibb Co.	0.30%	287,063	$20M	added+1%	+0.04 pp	11 q
KMBKimberly-Clark Corp.	0.30%	159,217	$20M	trimmed−5%	+0.01 pp	11 q
JPMJPMorgan Chase & Co.	0.28%	282,580	$19M	trimmed−1%	+0.01 pp	11 q
LLYEli Lilly & Co.	0.28%	221,204	$19M	trimmed−1%	−0.01 pp	11 q
XELXcel Energy, Inc.	0.27%	501,742	$18M	trimmed−2%	−0.01 pp	11 q
ABBVAbbvie Inc.	0.24%	266,811	$16M	trimmed−0%	+0.01 pp	11 q
INTCIntel Corp	0.22%	417,800	$14M	trimmed−1%	+0.02 pp	11 q
ABTAbbott Laboratories	0.21%	318,918	$14M	trimmed−0%	+0.01 pp	11 q
PRLBProto Labs, Inc.	0.21%	218,219	$14M	added×4.5	+0.16 pp	11 q
AEBAAllete Inc	0.20%	256,027	$13M	trimmed−13%	−0.03 pp	11 q
MSFTMicrosoft Corp	0.13%	159,657	$9M	trimmed−0%	+0.02 pp	11 q
VZVerizon Communications	0.13%	191,243	$9M	trimmed−2%	0.00 pp	11 q
ADCAgree Realty Corporation	0.11%	209,469	$7M	trimmed−4%	+0.01 pp	11 q
SNASnap-on Incorporated	0.11%	42,416	$7M	trimmed−3%	+0.01 pp	11 q
UFCSUnited Fire Group Inc.	0.11%	196,407	$8M	trimmed−4%	0.00 pp	8 q
OSKOshkosh Corp.	0.10%	176,840	$7M	added+12%	+0.01 pp	11 q
42OPhysicians Realty Trust	0.10%	406,670	$7M	added+1%	+0.01 pp	5 q
unresolvedPrivatebancorp Inc	0.10%	157,400	$6M	added+1%	+0.01 pp	11 q
SPYState Street SPDR S&P 500 ETF Trust	0.10%	33,107	$7M	added×3.1	+0.07 pp	11 q
APOGApogee Enterprises Inc	0.09%	135,000	$6M	added+22%	+0.01 pp	11 q
unresolvedCardinal Financial Corp	0.09%	256,906	$6M	added+1%	0.00 pp	5 q
HWKNHawkins Inc	0.09%	168,023	$6M	added+3%	−0.01 pp	11 q
HSYThe Hershey Company	0.09%	69,120	$6M	added+1%	−0.01 pp	11 q
WTFCWintrust Financial Corp	0.09%	129,430	$6M	added+3%	−0.01 pp	11 q
ATUEnerpac Tool Group Corp.	0.08%	217,340	$5M	trimmed−6%	+0.01 pp	4 q
CASYCasey's General Stores Inc	0.08%	46,470	$6M	trimmed−6%	0.00 pp	11 q
THRMGentherm Inc	0.08%	106,795	$5M	added+1%	+0.01 pp	9 q
MRKMerck & Co., Inc.	0.08%	104,637	$6M	added0%	0.00 pp	11 q
HUBGHUB Group Inc	0.07%	132,250	$4M	added+1%	0.00 pp	11 q
unresolvedBuffalo Wild Wings Inc	0.06%	27,130	$4M	added+44%	0.00 pp	11 q
CSIICardiovascular Systems, Inc.	0.06%	246,202	$4M	added+19%	+0.01 pp	6 q
SPSCSPS Commerce, Inc.	0.06%	56,750	$4M	added+4%	0.00 pp	11 q
unresolvedVasco Data Sec Intl Inc	0.06%	257,006	$4M	added+1%	−0.01 pp	11 q
BPBP p.l.c.	0.05%	101,037	$3M	trimmed−48%	−0.04 pp	11 q
RAVNRaven Industries Inc	0.05%	231,553	$4M	added+44%	+0.01 pp	3 q
SCHWThe Charles Schwab Corporation	0.05%	97,273	$3M	trimmed−3%	+0.01 pp	11 q
unresolvedMOCON Inc.	0.04%	186,905	$3M	added+1%	0.00 pp	11 q
SCHBSchwab U.S. Broad Market ETF	0.04%	55,730	$3M	added+4%	0.00 pp	11 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.04%	21,530	$3M	trimmed−1%	0.00 pp	11 q
unresolvedVascular Solutions	0.04%	69,853	$2M	trimmed−9%	0.00 pp	11 q
AMGNAmgen Inc	0.03%	11,091	$2M	trimmed−1%	+0.01 pp	11 q
unresolvedBank Mutual Corp	0.03%	284,813	$2M	added+1%	0.00 pp	11 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	13,788	$2M	added+1%	0.00 pp	11 q
MCDMcDonald's Corporation	0.03%	17,428	$2M	added+1%	0.00 pp	11 q
PSXPhillips 66	0.03%	25,042	$2M	trimmed−0%	0.00 pp	11 q
unresolvedTcf Financial Corp	0.03%	164,689	$2M	trimmed−22%	−0.02 pp	11 q
TAT&T Inc.	0.02%	38,323	$1M	trimmed−4%	0.00 pp	11 q
AAPLApple Inc.	0.02%	15,708	$2M	added+3%	−0.01 pp	11 q
IVViShares Core S&P 500 ETF	0.02%	5,496	$1M	held	—	11 q
OASOasis Petroleum Inc	0.02%	181,600	$1M	new	+0.02 pp	new
ORCLOracle Corp	0.02%	31,537	$1M	added+15%	0.00 pp	11 q
PEPPepsiCo, Inc.	0.02%	11,237	$1M	trimmed−4%	0.00 pp	11 q
SCHFSchwab International Equity ETF	0.02%	52,800	$1M	added+23%	0.00 pp	11 q
WBAWalgreens Boots Alliance, Inc	0.02%	12,245	$1M	trimmed−0%	0.00 pp	5 q
WKWorkiva Inc.	0.02%	83,423	$1M	new	+0.02 pp	new
GOOGAlphabet Inc. Class C	0.01%	505	$383,000	held	—	7 q
GOOGLAlphabet Inc. Class A	0.01%	583	$454,000	held	—	2 q
MOAltria Group, Inc.	0.01%	9,448	$550,000	trimmed−2%	0.00 pp	11 q
AMZNAmazon.Com Inc	0.01%	853	$577,000	added+17%	0.00 pp	9 q
ADPAutomatic Data Processing	0.01%	4,502	$381,000	trimmed−6%	0.00 pp	11 q
BDXBecton, Dickinson and Co.	0.01%	5,184	$799,000	trimmed−1%	0.00 pp	11 q
BRK.ABerkshire Hathaway Inc.	0.01%	3	$593,000	held	—	10 q
BIIBBiogen Inc.	0.01%	1,095	$335,000	held	—	11 q
BABoeing Company	0.01%	2,752	$398,000	trimmed−5%	0.00 pp	11 q
unresolvedCigna Corporation	0.01%	4,695	$687,000	held	—	11 q
CVSCvs Health Corporation	0.01%	3,819	$373,000	added+70%	+0.01 pp	2 q
CATCaterpillar Inc.	0.01%	5,032	$342,000	trimmed−2%	0.00 pp	11 q
CSCOCisco Systems, Inc. (DE)	0.01%	26,231	$712,000	added+15%	0.00 pp	11 q
KOCoca-Cola Company	0.01%	21,609	$928,000	trimmed−4%	0.00 pp	11 q
CLColgate-Palmolive Company	0.01%	10,503	$700,000	added+17%	0.00 pp	11 q
COSTCostco Wholesale Corp	0.01%	2,898	$468,000	trimmed−8%	0.00 pp	11 q
DAKTDaktronics Inc	0.01%	47,760	$416,000	trimmed−37%	0.00 pp	11 q
DDominion Energy, Inc	0.01%	5,971	$404,000	trimmed−1%	0.00 pp	11 q
unresolvedDu Pont E I De Nemours & Co	0.01%	5,012	$334,000	trimmed−4%	+0.01 pp	6 q
FDXFedEx Corporation	0.01%	3,380	$504,000	trimmed−3%	0.00 pp	11 q
FTAFirst Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.01%	9,040	$347,000	trimmed−34%	0.00 pp	9 q
IFFInternational Flavors & Fragrances Inc.	0.01%	4,000	$479,000	held	—	11 q
DVYiShares Select Dividend ETF	0.01%	7,734	$581,000	new	+0.01 pp	new
EFAiShares MSCI EAFE ETF	0.01%	15,722	$923,000	held	—	11 q
IWRiShares Russell Mid-Cap ETF	0.01%	4,591	$735,000	added×3.3	+0.01 pp	3 q
IJHiShares Core S&P Mid-Cap ETF	0.01%	2,555	$356,000	held	—	5 q
IWDiShares Russell 1000 Value ETF	0.01%	4,735	$463,000	new	+0.01 pp	new
IWFiShares Russell 1000 Growth ETF	0.01%	7,045	$701,000	new	+0.01 pp	new
IWMiShares Russell 2000 ETF	0.01%	4,472	$504,000	new	+0.01 pp	new
LOWLowe's Companies Inc.	0.01%	6,119	$465,000	trimmed−3%	0.00 pp	11 q
NEENextEra Energy, Inc.	0.01%	3,333	$346,000	trimmed−4%	0.00 pp	11 q
NKENike, Inc.	0.01%	5,400	$338,000	trimmed−12%	0.00 pp	6 q
NOGNorthern Oil and Gas, Inc.	0.01%	249,480	$963,000	trimmed−27%	−0.01 pp	10 q
NVSNovartis AG	0.01%	4,080	$351,000	held	—	11 q
NMSNuveen Minnesota Quality Municipal Income Fund	0.01%	37,002	$540,000	held	—	5 q
PMPhilip Morris International Inc.	0.01%	8,098	$712,000	added+1%	0.00 pp	11 q
PIIPolaris Inc.	0.01%	4,063	$349,000	trimmed−1%	0.00 pp	11 q
RYRoyal Bank of Canada	0.01%	17,690	$948,000	held	—	11 q
RDS.ARoyal Dutch Shell PLC	0.01%	9,170	$420,000	trimmed−27%	0.00 pp	11 q
XLEState Street Energy Select Sector SPDR ETF	0.01%	6,258	$377,000	new	+0.01 pp	new
SU6Surmodics Inc	0.01%	20,825	$422,000	trimmed−32%	0.00 pp	11 q
TNCTennant Company	0.01%	7,900	$444,000	held	—	11 q
UTXZRTX Corporation	0.01%	10,157	$976,000	trimmed−2%	0.00 pp	11 q
VBVanguard Morningstar Small-Cap ETF	0.01%	3,030	$335,000	held	—	10 q
VVISA Inc.	0.01%	8,057	$625,000	trimmed−5%	0.00 pp	11 q
WMTWalmart Inc.	0.01%	8,172	$501,000	trimmed−2%	0.00 pp	11 q
ADBEAdobe Inc.	0.00%	2,175	$204,000	new	0.00 pp	new
LNTAlliant Energy Corporation	0.00%	4,364	$273,000	held	—	9 q
ALNYAlnylam Pharmaceuticals, Inc.	0.00%	2,300	$217,000	new	0.00 pp	new
AMPAmeriprise Financial, Inc.	0.00%	2,391	$254,000	held	—	10 q
ALVAutoliv, Inc.	0.00%	2,664	$332,000	held	—	5 q
BACBank of America Corporation	0.00%	13,739	$231,000	trimmed−1%	0.00 pp	11 q
BMOBank of Montreal	0.00%	4,074	$230,000	trimmed−15%	0.00 pp	11 q
CELGCelgene Corp	0.00%	2,681	$321,000	added+29%	0.00 pp	4 q
unresolvedCliffs Nat Res Inc	0.00%	15,000	$24,000	new	0.00 pp	new
CLXClorox Company	0.00%	1,957	$248,000	new	0.00 pp	new
CMCSAComcast Corp	0.00%	4,299	$243,000	added+12%	0.00 pp	11 q
CCICrown Castle Inc.	0.00%	2,425	$210,000	new	0.00 pp	new
DHRDanaher Corporation	0.00%	3,534	$328,000	trimmed−3%	0.00 pp	9 q
EXCExelon Corporation	0.00%	9,159	$254,000	held	—	11 q
METAMeta Platforms, Inc. Class A	0.00%	2,562	$268,000	new	0.00 pp	new
IEXIDEX Corporation	0.00%	4,072	$312,000	held	—	11 q
IDXXIdexx Laboratories Inc	0.00%	3,998	$292,000	held	—	9 q
ICFiShares Select U.S. REIT ETF	0.00%	2,515	$250,000	new	0.00 pp	new
IJTiShares S&P Small-Cap 600 Growth ETF	0.00%	1,655	$206,000	new	0.00 pp	new
KELKellanova	0.00%	3,850	$278,000	held	—	11 q
MDLZMondelez International, Inc. Class A	0.00%	4,464	$200,000	new	0.00 pp	new
NSCNorfolk Southern Corp.	0.00%	3,527	$298,000	held	—	11 q
NWBONorthwest Biothrputcs Inc	0.00%	12,500	$40,000	new	0.00 pp	new
PCYOPure Cycle Corporation	0.00%	11,855	$57,000	held	—	11 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.00%	1,095	$278,000	trimmed−39%	−0.01 pp	2 q
SBUXStarbucks Corp	0.00%	3,940	$237,000	trimmed−22%	0.00 pp	9 q
SYYSysco Corporation	0.00%	6,687	$274,000	held	—	10 q
TMOThermo Fisher Scientific, Inc.	0.00%	1,735	$246,000	trimmed−8%	0.00 pp	8 q
UNPUnion Pacific Corp.	0.00%	2,696	$211,000	new	0.00 pp	new
ULGXUrologix Inc	0.00%	20,000	$0	new	0.00 pp	new
WECWEC Energy Group, Inc.	0.00%	4,494	$231,000	held	—	3 q
WABCWestamerica Bancorporation	0.00%	5,359	$251,000	held	—	11 q
WYWeyerhaeuser Company	0.00%	9,905	$297,000	added+3%	0.00 pp	9 q
ACNAccenture PLC	0.00%	3,132	$327,000	added+41%	0.00 pp	2 q
unresolvedCabelas Inc. Cl A	—	−52,550	—	exited	−0.04 pp	—
unresolvedSigma Aldrich Corp	—	−4,992	—	exited	−0.01 pp	—
POMPolymet Mining Corp	—	−10,000	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 17 unresolved
Accession: 0001104659-16-097017
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 771195104 not on the Official 13(f) List for 2015-12-31
A security outside the official 13F list — CUSIP 917273104 not on the Official 13(f) List for 2015-12-31

Search