Mairs & Power

Q1 2016 13F

As of: Mar 31, 2016
Filed: May 16, 2016
US stock: $7.0B · prev $6.7B
Positions: 188 · prev 190
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%

Moves157 since the prior filing

+1.4 pp in · −1.4 pp out

New 5 +0.25 pp
Added 54 +1.18 pp
Trimmed 91 −1.42 pp
Exited 7 −0.01 pp

The book

Diversified · behaves like 44 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 13% a year, about 7.9 years per position

Low
Moderate
High

Top 5 positions19% of US stock

MMM 3M Company added+0.24 pp added+0.244.3%
ECL Ecolab, Inc. added−0.21 pp added−0.213.9%
USB U.S. Bancorp added−0.20 pp added−0.203.8%
unresolved Valspar Corp trimmed+0.01 pp trimmed+0.013.6%
HON Honeywell International, Inc. trimmed−0.01 pp trimmed−0.013.4%

Positions188 in this filing · 7 exited


MMM3M Company	4.34%	1,831,176	$305M	added+1%	+0.24 pp	12 q
ECLEcolab, Inc.	3.93%	2,477,114	$276M	added+3%	−0.21 pp	12 q
USBU.S. Bancorp	3.82%	6,624,483	$269M	added+5%	−0.20 pp	12 q
unresolvedValspar Corp	3.57%	2,347,083	$251M	trimmed−18%	+0.01 pp	12 q
HONHoneywell International, Inc.	3.44%	2,160,865	$242M	trimmed−3%	−0.01 pp	12 q
GGGGraco Inc	3.40%	2,850,096	$239M	trimmed−0%	+0.32 pp	12 q
JNJJohnson & Johnson	3.36%	2,185,213	$236M	added0%	0.00 pp	12 q
unresolvedBemis Inc	3.31%	4,502,574	$233M	trimmed−3%	+0.21 pp	12 q
MDTMedtronic plc	3.22%	3,017,700	$226M	trimmed−4%	−0.40 pp	6 q
GISGeneral Mills, Inc.	2.95%	3,273,319	$207M	trimmed−1%	+0.10 pp	12 q
TGTTarget Corporation	2.74%	2,346,369	$193M	trimmed−4%	+0.07 pp	12 q
TTCToro Company (The)	2.49%	2,033,622	$175M	trimmed−6%	+0.13 pp	12 q
DCIDonaldson Company, Inc.	2.47%	5,450,706	$174M	added+2%	+0.17 pp	12 q
SLBSLB Limited	2.32%	2,211,516	$163M	trimmed−0%	0.00 pp	12 q
unresolvedSt Jude Med Inc	2.30%	2,936,518	$162M	added+30%	+0.21 pp	12 q
EMREmerson Electric Co.	2.28%	2,947,379	$160M	trimmed−1%	+0.14 pp	12 q
HRLHormel Foods Corporation	2.24%	3,636,699	$157M	trimmed−10%	−0.16 pp	12 q
FULH.B. Fuller Company	2.12%	3,508,213	$149M	added+2%	+0.24 pp	12 q
CHRWC.H. Robinson Worldwide, Inc.	2.09%	1,981,697	$147M	trimmed−2%	+0.21 pp	12 q
PNRPentair plc	2.08%	2,695,503	$146M	added+1%	+0.10 pp	8 q
WFCWells Fargo & Co.	1.95%	2,839,536	$137M	added+3%	−0.30 pp	12 q
unresolvedGeneral Electric Co	1.87%	4,129,933	$131M	trimmed−1%	−0.09 pp	12 q
PFEPfizer Inc.	1.85%	4,402,543	$130M	added+13%	−0.04 pp	12 q
UPSUnited Parcel Service, Inc. Class B	1.85%	1,235,397	$130M	trimmed−1%	+0.05 pp	12 q
TECHBio-Techne Corp.	1.76%	1,310,574	$124M	added0%	0.00 pp	7 q
FISVFiserv, Inc.	1.72%	1,183,006	$121M	trimmed−3%	+0.04 pp	12 q
PFGPrincipal Financial Group, Inc.	1.63%	2,902,934	$115M	added0%	−0.32 pp	12 q
FASTFastenal Co	1.54%	2,209,291	$108M	added0%	+0.19 pp	12 q
DISThe Walt Disney Company	1.42%	1,006,016	$100M	added+29%	+0.19 pp	12 q
WUThe Western Union Company	1.36%	4,953,014	$96M	added+2%	+0.05 pp	12 q
ZBHZimmer Biomet Holdings, Inc.	1.28%	843,401	$90M	added+13%	+0.13 pp	12 q
CRAYCray, Inc.	1.24%	2,073,609	$87M	trimmed−16%	+0.05 pp	12 q
BAXBaxter International Inc.	1.19%	2,035,912	$84M	trimmed−10%	−0.10 pp	12 q
RHHBYRoche Holding Ltd S/	1.19%	2,723,637	$83M	added0%	−0.21 pp	11 q
MTSCMTS Systems Corp	1.10%	1,277,076	$78M	trimmed−17%	−0.36 pp	12 q
QCOMQualcomm Inc	1.09%	1,493,814	$76M	added+13%	+0.10 pp	12 q
BMIBadger Meter, Inc.	1.00%	1,058,444	$70M	trimmed−10%	−0.03 pp	12 q
TRVThe Travelers Companies, Inc.	0.97%	583,387	$68M	trimmed−2%	−0.04 pp	12 q
XOMExxon Mobil Corp	0.96%	806,059	$67M	added+3%	+0.04 pp	12 q
PDCOPatterson Companies, Inc.	0.91%	1,380,227	$64M	trimmed−0%	−0.03 pp	12 q
GLWCorning Incorporated	0.88%	2,970,216	$62M	trimmed−0%	+0.06 pp	12 q
ASBAssociated Banc-Corp	0.83%	3,259,721	$58M	trimmed−0%	−0.09 pp	12 q
AXPAmerican Express Company	0.81%	922,453	$57M	added+13%	−0.04 pp	12 q
unresolvedBaxalta Inc	0.75%	1,301,361	$53M	trimmed−28%	−0.31 pp	3 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.75%	408,430	$53M	added×19.0	+0.71 pp	12 q
CVXChevron Corporation	0.49%	364,246	$35M	added+1%	0.00 pp	12 q
unresolvedG & K Services Cl A	0.48%	458,790	$34M	added0%	+0.05 pp	12 q
SSYSStratasys Inc (ISRAEL)	0.47%	1,262,958	$33M	trimmed−3%	+0.01 pp	12 q
IBMInternational Business Machines Corporation	0.43%	198,907	$30M	added0%	+0.02 pp	12 q
GNRCGenerac Holdings Inc	0.42%	797,291	$30M	trimmed−3%	+0.05 pp	9 q
NVECNVE Corp	0.42%	526,672	$30M	added0%	−0.02 pp	12 q
HDHome Depot, Inc.	0.39%	203,759	$27M	trimmed−3%	−0.03 pp	12 q
PGProcter & Gamble Company	0.35%	298,011	$25M	added+1%	0.00 pp	12 q
KMBKimberly-Clark Corp.	0.29%	152,602	$21M	trimmed−4%	−0.01 pp	12 q
PRLBProto Labs, Inc.	0.27%	249,294	$19M	added+14%	+0.06 pp	12 q
BMYBristol-Myers Squibb Co.	0.26%	285,918	$18M	trimmed−0%	−0.04 pp	12 q
COPConocoPhillips	0.25%	438,055	$18M	trimmed−8%	−0.08 pp	12 q
XELXcel Energy, Inc.	0.25%	423,803	$18M	trimmed−16%	−0.02 pp	12 q
JPMJPMorgan Chase & Co.	0.23%	278,763	$17M	trimmed−1%	−0.05 pp	12 q
LLYEli Lilly & Co.	0.23%	220,135	$16M	trimmed−0%	−0.05 pp	12 q
ABBVAbbvie Inc.	0.22%	268,191	$15M	added+1%	−0.02 pp	12 q
GWBGreat Western Bancorp, Inc.	0.22%	579,600	$16M	new	+0.22 pp	new
AEBAAllete Inc	0.20%	248,127	$14M	trimmed−3%	0.00 pp	12 q
ABTAbbott Laboratories	0.19%	319,391	$13M	added0%	−0.02 pp	12 q
INTCIntel Corp	0.19%	415,789	$13M	trimmed−0%	−0.03 pp	12 q
MDUMDU Resources Group, Inc.	0.18%	665,493	$13M	trimmed−64%	−0.33 pp	12 q
DLXDeluxe Corporation	0.17%	186,597	$12M	trimmed−72%	−0.37 pp	12 q
VZVerizon Communications	0.15%	188,916	$10M	trimmed−1%	+0.02 pp	12 q
MSFTMicrosoft Corp	0.12%	157,184	$9M	trimmed−2%	−0.01 pp	12 q
OSKOshkosh Corp.	0.11%	193,540	$8M	added+9%	+0.01 pp	12 q
SPYState Street SPDR S&P 500 ETF Trust	0.10%	34,278	$7M	added+4%	0.00 pp	12 q
UFCSUnited Fire Group Inc.	0.10%	160,707	$7M	trimmed−18%	−0.01 pp	9 q
WTFCWintrust Financial Corp	0.10%	152,030	$7M	added+17%	+0.01 pp	12 q
ADCAgree Realty Corporation	0.09%	160,169	$6M	trimmed−24%	−0.02 pp	12 q
APOGApogee Enterprises Inc	0.09%	150,400	$7M	added+11%	0.00 pp	12 q
unresolvedCardinal Financial Corp	0.09%	301,206	$6M	added+17%	0.00 pp	6 q
HSYThe Hershey Company	0.09%	69,120	$6M	held	—	12 q
HUBGHUB Group Inc	0.09%	148,450	$6M	added+12%	+0.02 pp	12 q
42OPhysicians Realty Trust	0.09%	332,970	$6M	trimmed−18%	−0.01 pp	6 q
unresolvedPrivatebancorp Inc	0.09%	169,600	$7M	added+8%	−0.01 pp	12 q
SCHWThe Charles Schwab Corporation	0.09%	218,810	$6M	added×2.2	+0.04 pp	12 q
SNASnap-on Incorporated	0.09%	38,411	$6M	trimmed−9%	−0.02 pp	12 q
HWKNHawkins Inc	0.08%	164,023	$6M	trimmed−2%	−0.01 pp	12 q
MRKMerck & Co., Inc.	0.08%	101,850	$5M	trimmed−3%	0.00 pp	12 q
ATUEnerpac Tool Group Corp.	0.07%	201,340	$5M	trimmed−7%	−0.01 pp	5 q
CASYCasey's General Stores Inc	0.07%	42,770	$5M	trimmed−8%	−0.01 pp	12 q
THRMGentherm Inc	0.07%	124,295	$5M	added+16%	−0.01 pp	10 q
RAVNRaven Industries Inc	0.07%	327,953	$5M	added+42%	+0.02 pp	4 q
unresolvedVasco Data Sec Intl Inc	0.06%	268,906	$4M	added+5%	0.00 pp	12 q
unresolvedBuffalo Wild Wings Inc	0.05%	23,930	$4M	trimmed−12%	−0.01 pp	12 q
BPBP p.l.c.	0.04%	85,429	$3M	trimmed−15%	−0.01 pp	12 q
CSIICardiovascular Systems, Inc.	0.04%	246,202	$3M	held	—	7 q
unresolvedMOCON Inc.	0.04%	179,905	$2M	trimmed−4%	0.00 pp	12 q
SPSCSPS Commerce, Inc.	0.04%	62,950	$3M	added+11%	−0.02 pp	12 q
SCHBSchwab U.S. Broad Market ETF	0.04%	59,730	$3M	added+7%	0.00 pp	12 q
unresolvedBank Mutual Corp	0.03%	268,213	$2M	trimmed−6%	0.00 pp	12 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	13,717	$2M	trimmed−1%	0.00 pp	12 q
EMCIEmc Ins Group Inc	0.03%	78,973	$2M	new	+0.03 pp	new
MCDMcDonald's Corporation	0.03%	16,972	$2M	trimmed−3%	0.00 pp	12 q
PSXPhillips 66	0.03%	24,864	$2M	trimmed−1%	0.00 pp	12 q
unresolvedTcf Financial Corp	0.03%	146,912	$2M	trimmed−11%	0.00 pp	12 q
unresolvedVascular Solutions	0.03%	75,553	$2M	added+8%	−0.01 pp	12 q
TAT&T Inc.	0.02%	38,391	$2M	added0%	0.00 pp	12 q
AMGNAmgen Inc	0.02%	9,916	$1M	trimmed−11%	−0.01 pp	12 q
AAPLApple Inc.	0.02%	15,122	$2M	trimmed−4%	0.00 pp	12 q
IVViShares Core S&P 500 ETF	0.02%	5,496	$1M	held	—	12 q
OASOasis Petroleum Inc	0.02%	224,900	$2M	added+24%	0.00 pp	2 q
ORCLOracle Corp	0.02%	31,617	$1M	added0%	0.00 pp	12 q
PEPPepsiCo, Inc.	0.02%	11,437	$1M	added+2%	0.00 pp	12 q
SCHFSchwab International Equity ETF	0.02%	52,800	$1M	held	—	12 q
WKWorkiva Inc.	0.02%	124,123	$1M	added+49%	0.00 pp	2 q
GOOGAlphabet Inc. Class C	0.01%	480	$358,000	trimmed−5%	0.00 pp	8 q
GOOGLAlphabet Inc. Class A	0.01%	552	$421,000	trimmed−5%	0.00 pp	3 q
MOAltria Group, Inc.	0.01%	9,448	$592,000	held	—	12 q
ADPAutomatic Data Processing	0.01%	4,502	$404,000	held	—	12 q
BDXBecton, Dickinson and Co.	0.01%	4,584	$696,000	trimmed−12%	0.00 pp	12 q
BRK.ABerkshire Hathaway Inc.	0.01%	3	$640,000	held	—	11 q
unresolvedCigna Corporation	0.01%	4,695	$644,000	held	—	12 q
CATCaterpillar Inc.	0.01%	4,732	$362,000	trimmed−6%	0.00 pp	12 q
CSCOCisco Systems, Inc. (DE)	0.01%	25,921	$738,000	trimmed−1%	0.00 pp	12 q
KOCoca-Cola Company	0.01%	20,809	$965,000	trimmed−4%	0.00 pp	12 q
CLColgate-Palmolive Company	0.01%	9,213	$651,000	trimmed−12%	0.00 pp	12 q
COSTCostco Wholesale Corp	0.01%	2,898	$457,000	held	—	12 q
FDXFedEx Corporation	0.01%	3,380	$550,000	held	—	12 q
IFFInternational Flavors & Fragrances Inc.	0.01%	4,000	$455,000	held	—	12 q
DVYiShares Select Dividend ETF	0.01%	8,228	$672,000	added+6%	0.00 pp	2 q
EFAiShares MSCI EAFE ETF	0.01%	16,322	$933,000	added+4%	0.00 pp	12 q
IWRiShares Russell Mid-Cap ETF	0.01%	4,021	$655,000	trimmed−12%	0.00 pp	4 q
IJHiShares Core S&P Mid-Cap ETF	0.01%	2,555	$368,000	held	—	6 q
IWDiShares Russell 1000 Value ETF	0.01%	4,735	$468,000	held	—	2 q
IWFiShares Russell 1000 Growth ETF	0.01%	7,045	$703,000	held	—	2 q
IWMiShares Russell 2000 ETF	0.01%	4,472	$495,000	held	—	2 q
LOWLowe's Companies Inc.	0.01%	5,769	$437,000	trimmed−6%	0.00 pp	12 q
NOGNorthern Oil and Gas, Inc.	0.01%	229,480	$916,000	trimmed−8%	0.00 pp	11 q
NMSNuveen Minnesota Quality Municipal Income Fund	0.01%	37,002	$585,000	held	—	6 q
PMPhilip Morris International Inc.	0.01%	8,098	$794,000	held	—	12 q
PIIPolaris Inc.	0.01%	4,063	$400,000	held	—	12 q
RYRoyal Bank of Canada	0.01%	17,940	$1M	added+1%	0.00 pp	12 q
RDS.ARoyal Dutch Shell PLC	0.01%	8,970	$435,000	trimmed−2%	0.00 pp	12 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.01%	1,650	$433,000	added+51%	+0.01 pp	3 q
TNCTennant Company	0.01%	7,900	$407,000	held	—	12 q
UTXZRTX Corporation	0.01%	10,157	$1M	held	—	12 q
VVISA Inc.	0.01%	8,057	$616,000	held	—	12 q
WMTWalmart Inc.	0.01%	7,472	$512,000	trimmed−9%	0.00 pp	12 q
WBAWalgreens Boots Alliance, Inc	0.01%	11,525	$971,000	trimmed−6%	−0.01 pp	6 q
ADBEAdobe Inc.	0.00%	2,175	$204,000	held	—	2 q
LNTAlliant Energy Corporation	0.00%	4,364	$324,000	held	—	10 q
AMZNAmazon.Com Inc	0.00%	353	$210,000	trimmed−59%	−0.01 pp	10 q
AMPAmeriprise Financial, Inc.	0.00%	2,391	$225,000	held	—	11 q
ALVAutoliv, Inc.	0.00%	2,664	$316,000	held	—	6 q
BACBank of America Corporation	0.00%	13,064	$177,000	trimmed−5%	0.00 pp	12 q
BMOBank of Montreal	0.00%	3,874	$235,000	trimmed−5%	0.00 pp	12 q
BIIBBiogen Inc.	0.00%	1,025	$267,000	trimmed−6%	−0.01 pp	12 q
BABoeing Company	0.00%	2,680	$340,000	trimmed−3%	−0.01 pp	12 q
CVSCvs Health Corporation	0.00%	3,069	$318,000	trimmed−20%	−0.01 pp	3 q
unresolvedCliffs Nat Res Inc	0.00%	10,000	$30,000	trimmed−33%	0.00 pp	2 q
CLXClorox Company	0.00%	1,957	$247,000	held	—	2 q
CMCSAComcast Corp	0.00%	3,465	$212,000	trimmed−19%	0.00 pp	12 q
DAKTDaktronics Inc	0.00%	32,260	$255,000	trimmed−32%	−0.01 pp	12 q
DHRDanaher Corporation	0.00%	2,496	$237,000	trimmed−29%	0.00 pp	10 q
DDominion Energy, Inc	0.00%	4,445	$334,000	trimmed−26%	−0.01 pp	12 q
unresolvedDu Pont E I De Nemours & Co	0.00%	4,812	$305,000	trimmed−4%	−0.01 pp	7 q
EXCExelon Corporation	0.00%	7,728	$277,000	trimmed−16%	0.00 pp	12 q
FTAFirst Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.00%	8,640	$351,000	trimmed−4%	−0.01 pp	10 q
IEXIDEX Corporation	0.00%	4,072	$337,000	held	—	12 q
IDXXIdexx Laboratories Inc	0.00%	3,998	$313,000	held	—	10 q
ICFiShares Select U.S. REIT ETF	0.00%	2,515	$259,000	held	—	2 q
IJTiShares S&P Small-Cap 600 Growth ETF	0.00%	1,655	$206,000	held	—	2 q
KELKellanova	0.00%	3,850	$295,000	held	—	12 q
NEENextEra Energy, Inc.	0.00%	2,633	$312,000	trimmed−21%	−0.01 pp	12 q
NKENike, Inc.	0.00%	5,400	$332,000	held	—	7 q
NSCNorfolk Southern Corp.	0.00%	3,177	$264,000	trimmed−10%	0.00 pp	12 q
NWBONorthwest Biothrputcs Inc	0.00%	12,500	$18,000	held	—	2 q
NVSNovartis AG	0.00%	3,780	$274,000	trimmed−7%	−0.01 pp	12 q
PCYOPure Cycle Corporation	0.00%	11,855	$53,000	held	—	12 q
RTNRaytheon Company	0.00%	1,675	$205,000	new	0.00 pp	new
SBUXStarbucks Corp	0.00%	3,940	$235,000	held	—	10 q
RGRSturm, Ruger & Company, Inc.	0.00%	3,200	$219,000	new	0.00 pp	new
SU6Surmodics Inc	0.00%	16,700	$307,000	trimmed−20%	−0.01 pp	12 q
SYYSysco Corporation	0.00%	6,987	$327,000	added+4%	0.00 pp	11 q
TXNTexas Instruments Incorporated	0.00%	3,500	$201,000	new	0.00 pp	new
TMOThermo Fisher Scientific, Inc.	0.00%	1,683	$238,000	trimmed−3%	0.00 pp	9 q
ULGXUrologix Inc	0.00%	20,000	$0	held	—	2 q
VBVanguard Morningstar Small-Cap ETF	0.00%	2,430	$271,000	trimmed−20%	−0.01 pp	11 q
WECWEC Energy Group, Inc.	0.00%	4,772	$287,000	added+6%	0.00 pp	4 q
WABCWestamerica Bancorporation	0.00%	5,359	$261,000	held	—	12 q
WYWeyerhaeuser Company	0.00%	9,905	$307,000	held	—	10 q
ACNAccenture PLC	0.00%	2,232	$258,000	trimmed−29%	0.00 pp	3 q
XLEState Street Energy Select Sector SPDR ETF	—	−6,258	—	exited	−0.01 pp	—
ALNYAlnylam Pharmaceuticals, Inc.	—	−2,300	—	exited	0.00 pp	—
CELGCelgene Corp	—	−2,681	—	exited	0.00 pp	—
CCICrown Castle Inc.	—	−2,425	—	exited	0.00 pp	—
METAMeta Platforms, Inc. Class A	—	−2,562	—	exited	0.00 pp	—
MDLZMondelez International, Inc. Class A	—	−4,464	—	exited	0.00 pp	—
UNPUnion Pacific Corp.	—	−2,696	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 17 unresolved
Accession: 0001104659-16-121088
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 2016-03-31
A security outside the official 13F list — CUSIP 917273104 not on the Official 13(f) List for 2016-03-31

Search