Mairs & Power

Q2 2016 13F

As of: Jun 30, 2016
Filed: Aug 15, 2016
US stock: $7.4B · prev $7.0B
Positions: 189 · prev 188
Options notional: $0
Documents: 1· no amendments

Picture98.2% US stock

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

US stock listed on a US exchange 98.2%
Foreign stock not listed in the US 1.8%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves147 since the prior filing

+2.3 pp in · −2.3 pp out

New 6 +0.49 pp
Added 65 +1.84 pp
Trimmed 71 −1.55 pp
Exited 5 −0.77 pp

The book

Diversified · behaves like 44 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 10% a year, about 9.8 years per position

Low
Moderate
High

Top 5 positions19% of US stock

Positions189 in this filing · 5 exited


MMM3M Company	4.28%	1,809,051	$317M	trimmed−1%	−0.06 pp	13 q
ECLEcolab, Inc.	4.01%	2,504,143	$297M	added+1%	+0.08 pp	13 q
USBU.S. Bancorp	3.79%	6,957,004	$281M	added+5%	−0.03 pp	13 q
JNJJohnson & Johnson	3.58%	2,185,819	$265M	added0%	+0.22 pp	13 q
MDTMedtronic plc	3.51%	2,994,818	$260M	trimmed−1%	+0.29 pp	7 q
HONHoneywell International, Inc.	3.42%	2,175,849	$253M	added+1%	−0.02 pp	13 q
unresolvedBemis Inc	3.18%	4,573,422	$235M	added+2%	−0.13 pp	13 q
GGGGraco Inc	3.14%	2,940,388	$232M	added+3%	−0.26 pp	13 q
GISGeneral Mills, Inc.	3.09%	3,208,297	$229M	trimmed−2%	+0.14 pp	13 q
unresolvedSt Jude Med Inc	3.07%	2,912,404	$227M	trimmed−1%	+0.77 pp	13 q
unresolvedValspar Corp	2.69%	1,844,372	$199M	trimmed−21%	−0.88 pp	13 q
DCIDonaldson Company, Inc.	2.63%	5,666,127	$195M	added+4%	+0.16 pp	13 q
TGTTarget Corporation	2.38%	2,520,091	$176M	added+7%	−0.36 pp	13 q
SLBSLB Limited	2.36%	2,211,575	$175M	added0%	+0.04 pp	13 q
TTCToro Company (The)	2.36%	1,986,198	$175M	trimmed−2%	−0.13 pp	13 q
PFEPfizer Inc.	2.13%	4,482,288	$158M	added+2%	+0.28 pp	13 q
PNRPentair plc	2.12%	2,696,189	$157M	added0%	+0.04 pp	9 q
FULH.B. Fuller Company	2.09%	3,526,526	$155M	added+1%	−0.03 pp	13 q
HRLHormel Foods Corporation	2.08%	4,203,560	$154M	added+16%	−0.16 pp	13 q
WFCWells Fargo & Co.	2.08%	3,260,295	$154M	added+15%	+0.13 pp	13 q
TECHBio-Techne Corp.	2.06%	1,351,264	$152M	added+3%	+0.30 pp	8 q
CHRWC.H. Robinson Worldwide, Inc.	1.99%	1,987,841	$148M	added0%	−0.10 pp	13 q
DISThe Walt Disney Company	1.92%	1,453,774	$142M	added+45%	+0.50 pp	13 q
UPSUnited Parcel Service, Inc. Class B	1.79%	1,229,629	$132M	trimmed−0%	−0.06 pp	13 q
RHHBYRoche Holding Ltd S/	1.78%	4,005,602	$132M	added+47%	+0.59 pp	12 q
EMREmerson Electric Co.	1.76%	2,503,564	$131M	trimmed−15%	−0.52 pp	13 q
unresolvedGeneral Electric Co	1.74%	4,097,485	$129M	trimmed−1%	−0.13 pp	13 q
FISVFiserv, Inc.	1.68%	1,145,338	$125M	trimmed−3%	−0.04 pp	13 q
PFGPrincipal Financial Group, Inc.	1.61%	2,901,764	$119M	trimmed−0%	−0.02 pp	13 q
ZBHZimmer Biomet Holdings, Inc.	1.38%	849,352	$102M	added+1%	+0.10 pp	13 q
FASTFastenal Co	1.32%	2,195,387	$97M	trimmed−1%	−0.22 pp	13 q
WUThe Western Union Company	1.31%	5,050,464	$97M	added+2%	−0.05 pp	13 q
BAXBaxter International Inc.	1.19%	1,948,504	$88M	trimmed−4%	0.00 pp	13 q
CRAYCray, Inc.	1.15%	2,857,936	$86M	added+38%	−0.09 pp	13 q
QCOMQualcomm Inc	1.08%	1,494,334	$80M	added0%	−0.01 pp	13 q
XOMExxon Mobil Corp	1.01%	798,359	$75M	trimmed−1%	+0.05 pp	13 q
PDCOPatterson Companies, Inc.	0.99%	1,534,775	$74M	added+11%	+0.08 pp	13 q
BMIBadger Meter, Inc.	0.97%	980,640	$72M	trimmed−7%	−0.03 pp	13 q
TRVThe Travelers Companies, Inc.	0.93%	579,696	$69M	trimmed−1%	−0.04 pp	13 q
AXPAmerican Express Company	0.87%	1,058,935	$64M	added+15%	+0.06 pp	13 q
GLWCorning Incorporated	0.82%	2,948,886	$60M	trimmed−1%	−0.06 pp	13 q
ASBAssociated Banc-Corp	0.79%	3,400,759	$58M	added+4%	−0.04 pp	13 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.78%	409,275	$58M	added0%	+0.03 pp	13 q
MTSCMTS Systems Corp	0.71%	1,193,346	$52M	trimmed−7%	−0.39 pp	13 q
CVXChevron Corporation	0.50%	354,656	$37M	trimmed−3%	+0.01 pp	13 q
unresolvedG & K Services Cl A	0.49%	471,710	$36M	added+3%	+0.01 pp	13 q
unresolvedShire PLC	0.45%	182,790	$34M	new	+0.45 pp	new
NVECNVE Corp	0.41%	521,896	$31M	trimmed−1%	−0.01 pp	13 q
GWBGreat Western Bancorp, Inc.	0.40%	930,750	$29M	added+61%	+0.18 pp	2 q
IBMInternational Business Machines Corporation	0.40%	196,805	$30M	trimmed−1%	−0.03 pp	13 q
GNRCGenerac Holdings Inc	0.39%	830,776	$29M	added+4%	−0.03 pp	10 q
SSYSStratasys Inc (ISRAEL)	0.39%	1,260,483	$29M	trimmed−0%	−0.08 pp	13 q
HDHome Depot, Inc.	0.35%	200,891	$26M	trimmed−1%	−0.04 pp	13 q
PGProcter & Gamble Company	0.34%	294,584	$25M	trimmed−1%	−0.01 pp	13 q
BMYBristol-Myers Squibb Co.	0.28%	285,748	$21M	trimmed−0%	+0.02 pp	13 q
KMBKimberly-Clark Corp.	0.28%	151,577	$21M	trimmed−1%	−0.01 pp	13 q
AEBAAllete Inc	0.27%	314,789	$20M	added+27%	+0.07 pp	13 q
COPConocoPhillips	0.26%	436,626	$19M	trimmed−0%	+0.01 pp	13 q
LLYEli Lilly & Co.	0.26%	247,070	$19M	added+12%	+0.03 pp	13 q
JPMJPMorgan Chase & Co.	0.24%	280,906	$17M	added+1%	+0.01 pp	13 q
PRLBProto Labs, Inc.	0.24%	315,079	$18M	added+26%	−0.03 pp	13 q
XELXcel Energy, Inc.	0.24%	394,210	$18M	trimmed−7%	−0.01 pp	13 q
ABTAbbott Laboratories	0.22%	406,484	$16M	added+27%	+0.03 pp	13 q
ABBVAbbvie Inc.	0.22%	269,153	$17M	added0%	0.00 pp	13 q
INTCIntel Corp	0.19%	420,300	$14M	added+1%	0.00 pp	13 q
MDUMDU Resources Group, Inc.	0.17%	537,886	$13M	trimmed−19%	−0.01 pp	13 q
DLXDeluxe Corporation	0.15%	162,060	$11M	trimmed−13%	−0.02 pp	13 q
VZVerizon Communications	0.13%	170,117	$9M	trimmed−10%	−0.02 pp	13 q
APOGApogee Enterprises Inc	0.12%	187,100	$9M	added+24%	+0.03 pp	13 q
OSKOshkosh Corp.	0.12%	188,140	$9M	trimmed−3%	+0.01 pp	13 q
unresolvedPrivatebancorp Inc	0.12%	207,000	$9M	added+22%	+0.03 pp	13 q
SNASnap-on Incorporated	0.12%	57,711	$9M	added+50%	+0.03 pp	13 q
HSYThe Hershey Company	0.11%	68,953	$8M	trimmed−0%	+0.02 pp	13 q
MSFTMicrosoft Corp	0.11%	155,804	$8M	trimmed−1%	−0.01 pp	13 q
UFCSUnited Fire Group Inc.	0.11%	187,307	$8M	added+17%	+0.01 pp	10 q
WTFCWintrust Financial Corp	0.11%	160,530	$8M	added+6%	+0.01 pp	13 q
ADCAgree Realty Corporation	0.10%	159,869	$8M	trimmed−0%	+0.01 pp	13 q
CASYCasey's General Stores Inc	0.10%	58,070	$8M	added+36%	+0.03 pp	13 q
HWKNHawkins Inc	0.10%	163,623	$7M	trimmed−0%	+0.02 pp	13 q
ATUEnerpac Tool Group Corp.	0.09%	282,240	$6M	added+40%	+0.02 pp	6 q
unresolvedCardinal Financial Corp	0.09%	311,906	$7M	added+4%	0.00 pp	7 q
THRMGentherm Inc	0.09%	189,695	$6M	added+53%	+0.02 pp	11 q
42OPhysicians Realty Trust	0.09%	332,570	$7M	trimmed−0%	0.00 pp	7 q
SPYState Street SPDR S&P 500 ETF Trust	0.09%	31,072	$7M	trimmed−9%	−0.01 pp	13 q
SCHWThe Charles Schwab Corporation	0.09%	259,448	$7M	added+19%	0.00 pp	13 q
HUBGHUB Group Inc	0.08%	154,550	$6M	added+4%	−0.01 pp	13 q
MRKMerck & Co., Inc.	0.08%	102,164	$6M	added0%	0.00 pp	13 q
RAVNRaven Industries Inc	0.08%	327,453	$6M	trimmed−0%	+0.01 pp	5 q
unresolvedBuffalo Wild Wings Inc	0.06%	31,230	$4M	added+31%	+0.01 pp	13 q
EMCIEmc Ins Group Inc	0.06%	163,448	$5M	added×2.1	+0.03 pp	2 q
unresolvedVasco Data Sec Intl Inc	0.05%	216,106	$4M	trimmed−20%	−0.01 pp	13 q
MCSThe Marcus Corporation	0.04%	141,514	$3M	new	+0.04 pp	new
SPSCSPS Commerce, Inc.	0.04%	43,550	$3M	trimmed−31%	0.00 pp	13 q
SCHBSchwab U.S. Broad Market ETF	0.04%	61,730	$3M	added+3%	0.00 pp	13 q
unresolvedVascular Solutions	0.04%	75,653	$3M	added0%	+0.01 pp	13 q
BPBP p.l.c.	0.03%	59,922	$2M	trimmed−30%	−0.01 pp	13 q
unresolvedBank Mutual Corp	0.03%	268,213	$2M	held	—	13 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	14,147	$2M	added+3%	0.00 pp	13 q
CSIICardiovascular Systems, Inc.	0.03%	121,202	$2M	trimmed−51%	−0.01 pp	8 q
MCDMcDonald's Corporation	0.03%	16,972	$2M	held	—	13 q
unresolvedMOCON Inc.	0.03%	169,905	$2M	trimmed−6%	−0.01 pp	13 q
PSXPhillips 66	0.03%	24,864	$2M	held	—	13 q
WKWorkiva Inc.	0.03%	183,023	$3M	added+47%	+0.01 pp	3 q
TAT&T Inc.	0.02%	37,791	$2M	trimmed−2%	0.00 pp	13 q
AMGNAmgen Inc	0.02%	9,916	$2M	held	—	13 q
AAPLApple Inc.	0.02%	15,227	$1M	added+1%	0.00 pp	13 q
IVViShares Core S&P 500 ETF	0.02%	5,366	$1M	trimmed−2%	0.00 pp	13 q
OASOasis Petroleum Inc	0.02%	176,800	$2M	trimmed−21%	0.00 pp	3 q
ORCLOracle Corp	0.02%	31,065	$1M	trimmed−2%	0.00 pp	13 q
PEPPepsiCo, Inc.	0.02%	11,637	$1M	added+2%	0.00 pp	13 q
SCHFSchwab International Equity ETF	0.02%	52,800	$1M	held	—	13 q
unresolvedTcf Financial Corp	0.02%	128,012	$2M	trimmed−13%	−0.01 pp	13 q
GOOGLAlphabet Inc. Class A	0.01%	573	$403,000	added+4%	0.00 pp	4 q
MOAltria Group, Inc.	0.01%	8,652	$597,000	trimmed−8%	0.00 pp	13 q
ADPAutomatic Data Processing	0.01%	4,502	$414,000	held	—	13 q
BDXBecton, Dickinson and Co.	0.01%	4,703	$798,000	added+3%	0.00 pp	13 q
BRK.ABerkshire Hathaway Inc.	0.01%	3	$651,000	held	—	12 q
unresolvedCigna Corporation	0.01%	4,801	$614,000	added+2%	0.00 pp	13 q
CSCOCisco Systems, Inc. (DE)	0.01%	25,881	$743,000	trimmed−0%	0.00 pp	13 q
KOCoca-Cola Company	0.01%	20,165	$914,000	trimmed−3%	0.00 pp	13 q
CLColgate-Palmolive Company	0.01%	9,213	$674,000	held	—	13 q
COSTCostco Wholesale Corp	0.01%	2,898	$455,000	held	—	13 q
FDXFedEx Corporation	0.01%	3,200	$486,000	trimmed−5%	0.00 pp	13 q
FTAFirst Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.01%	13,074	$522,000	added+51%	+0.01 pp	11 q
IDXXIdexx Laboratories Inc	0.01%	3,998	$371,000	held	—	11 q
IFFInternational Flavors & Fragrances Inc.	0.01%	4,000	$504,000	held	—	13 q
DVYiShares Select Dividend ETF	0.01%	7,434	$634,000	trimmed−10%	0.00 pp	3 q
EFAiShares MSCI EAFE ETF	0.01%	12,441	$694,000	trimmed−24%	0.00 pp	13 q
IWRiShares Russell Mid-Cap ETF	0.01%	4,021	$676,000	held	—	5 q
IJHiShares Core S&P Mid-Cap ETF	0.01%	2,555	$382,000	held	—	7 q
IWDiShares Russell 1000 Value ETF	0.01%	4,735	$489,000	held	—	3 q
IWFiShares Russell 1000 Growth ETF	0.01%	7,401	$743,000	added+5%	0.00 pp	3 q
IWMiShares Russell 2000 ETF	0.01%	4,107	$472,000	trimmed−8%	0.00 pp	3 q
LOWLowe's Companies Inc.	0.01%	5,520	$437,000	trimmed−4%	0.00 pp	13 q
NMSNuveen Minnesota Quality Municipal Income Fund	0.01%	37,002	$628,000	held	—	7 q
PMPhilip Morris International Inc.	0.01%	7,998	$814,000	trimmed−1%	0.00 pp	13 q
RDS.ARoyal Dutch Shell PLC	0.01%	8,970	$495,000	held	—	13 q
TNCTennant Company	0.01%	7,900	$426,000	held	—	13 q
UTXZRTX Corporation	0.01%	10,057	$1M	trimmed−1%	0.00 pp	13 q
VVISA Inc.	0.01%	7,902	$586,000	trimmed−2%	0.00 pp	13 q
WMTWalmart Inc.	0.01%	7,037	$514,000	trimmed−6%	0.00 pp	13 q
WBAWalgreens Boots Alliance, Inc	0.01%	11,445	$953,000	trimmed−1%	0.00 pp	7 q
ADBEAdobe Inc.	0.00%	2,175	$208,000	held	—	3 q
LNTAlliant Energy Corporation	0.00%	8,728	$347,000	held	—	11 q
GOOGAlphabet Inc. Class C	0.00%	480	$332,000	held	—	9 q
AMZNAmazon.Com Inc	0.00%	384	$275,000	added+9%	0.00 pp	11 q
AMPAmeriprise Financial, Inc.	0.00%	2,391	$215,000	held	—	12 q
ALVAutoliv, Inc.	0.00%	2,314	$249,000	trimmed−13%	0.00 pp	7 q
BACBank of America Corporation	0.00%	13,064	$173,000	held	—	13 q
BMOBank of Montreal	0.00%	3,573	$226,000	trimmed−8%	0.00 pp	13 q
BIIBBiogen Inc.	0.00%	1,025	$248,000	held	—	13 q
BABoeing Company	0.00%	2,180	$283,000	trimmed−19%	0.00 pp	13 q
CVSCvs Health Corporation	0.00%	3,069	$294,000	held	—	4 q
CATCaterpillar Inc.	0.00%	4,682	$355,000	trimmed−1%	−0.01 pp	13 q
CNPCenterPoint Energy, Inc.	0.00%	9,398	$226,000	new	0.00 pp	new
unresolvedCliffs Nat Res Inc	0.00%	10,000	$57,000	held	—	3 q
CLXClorox Company	0.00%	1,957	$271,000	held	—	3 q
DHRDanaher Corporation	0.00%	2,496	$252,000	held	—	11 q
DDominion Energy, Inc	0.00%	4,445	$346,000	held	—	13 q
unresolvedDu Pont E I De Nemours & Co	0.00%	4,746	$308,000	trimmed−1%	0.00 pp	8 q
DUKDuke Energy Corporation	0.00%	2,421	$208,000	new	0.00 pp	new
EXCExelon Corporation	0.00%	7,728	$281,000	held	—	13 q
IEXIDEX Corporation	0.00%	4,072	$334,000	held	—	13 q
ICFiShares Select U.S. REIT ETF	0.00%	2,515	$272,000	held	—	3 q
IJTiShares S&P Small-Cap 600 Growth ETF	0.00%	1,655	$213,000	held	—	3 q
KELKellanova	0.00%	3,850	$314,000	held	—	13 q
NEENextEra Energy, Inc.	0.00%	2,633	$343,000	held	—	13 q
NKENike, Inc.	0.00%	5,400	$298,000	held	—	8 q
NSCNorfolk Southern Corp.	0.00%	3,072	$262,000	trimmed−3%	0.00 pp	13 q
NWBONorthwest Biothrputcs Inc	0.00%	12,500	$7,000	held	—	3 q
NVSNovartis AG	0.00%	3,780	$312,000	held	—	13 q
PIIPolaris Inc.	0.00%	4,063	$332,000	held	—	13 q
PCYOPure Cycle Corporation	0.00%	11,855	$56,000	held	—	13 q
RTNRaytheon Company	0.00%	1,796	$244,000	added+7%	0.00 pp	2 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.00%	1,080	$294,000	trimmed−35%	−0.01 pp	4 q
SOThe Southern Company	0.00%	3,770	$202,000	new	0.00 pp	new
SBUXStarbucks Corp	0.00%	4,097	$234,000	added+4%	0.00 pp	11 q
RGRSturm, Ruger & Company, Inc.	0.00%	3,200	$205,000	held	—	2 q
SU6Surmodics Inc	0.00%	11,700	$275,000	trimmed−30%	0.00 pp	13 q
SYYSysco Corporation	0.00%	6,987	$355,000	held	—	12 q
TXNTexas Instruments Incorporated	0.00%	3,500	$219,000	held	—	2 q
TMOThermo Fisher Scientific, Inc.	0.00%	1,786	$264,000	added+6%	0.00 pp	10 q
UNPUnion Pacific Corp.	0.00%	2,442	$213,000	new	0.00 pp	new
ULGXUrologix Inc	0.00%	20,000	$0	held	—	3 q
VBVanguard Morningstar Small-Cap ETF	0.00%	2,430	$281,000	held	—	12 q
WECWEC Energy Group, Inc.	0.00%	4,772	$312,000	held	—	5 q
WABCWestamerica Bancorporation	0.00%	5,359	$264,000	held	—	13 q
WYWeyerhaeuser Company	0.00%	9,905	$295,000	held	—	11 q
ACNAccenture PLC	0.00%	2,019	$229,000	trimmed−10%	0.00 pp	4 q
unresolvedBaxalta Inc	—	−1,301,361	—	exited	−0.75 pp	—
NOGNorthern Oil and Gas, Inc.	—	−229,480	—	exited	−0.01 pp	—
RYRoyal Bank of Canada	—	−17,940	—	exited	−0.01 pp	—
CMCSAComcast Corp	—	−3,465	—	exited	0.00 pp	—
DAKTDaktronics Inc	—	−32,260	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 17 unresolved
Accession: 0001104659-16-139537
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 2016-06-30
A security outside the official 13F list — CUSIP 917273104 not on the Official 13(f) List for 2016-06-30

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