Mairs & Power

Q4 2016 13F

As of: Dec 31, 2016
Filed: Feb 14, 2017
US stock: $7.8B · prev $7.6B
Positions: 189 · prev 194
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%

Moves155 since the prior filing

+0.8 pp in · −0.7 pp out

New 2 0.00 pp
Added 74 +0.77 pp
Trimmed 72 −0.72 pp
Exited 7 0.00 pp

The book

Diversified · behaves like 46 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.4% a year, about 10.7 years per position

Low
Moderate
High

Top 5 positions19% of US stock

USB U.S. Bancorp trimmed+0.41 pp trimmed+0.414.4%
MMM 3M Company added−0.05 pp added−0.054.1%
ECL Ecolab, Inc. added−0.15 pp added−0.153.9%
GGG Graco Inc added+0.32 pp added+0.323.5%
HON Honeywell International, Inc. added−0.05 pp added−0.053.3%

Positions189 in this filing · 7 exited


USBU.S. Bancorp	4.36%	6,615,220	$340M	trimmed−5%	+0.41 pp	15 q
MMM3M Company	4.13%	1,801,912	$322M	added0%	−0.05 pp	15 q
ECLEcolab, Inc.	3.86%	2,562,730	$300M	added+2%	−0.15 pp	15 q
GGGGraco Inc	3.51%	3,293,669	$274M	added+1%	+0.32 pp	15 q
HONHoneywell International, Inc.	3.34%	2,245,259	$260M	added+2%	−0.05 pp	15 q
JNJJohnson & Johnson	3.17%	2,143,539	$247M	trimmed−0%	−0.18 pp	15 q
unresolvedSt Jude Med Inc	2.95%	2,869,605	$230M	trimmed−1%	−0.09 pp	15 q
unresolvedBemis Inc	2.90%	4,715,747	$226M	added+3%	−0.19 pp	15 q
DCIDonaldson Company, Inc.	2.89%	5,340,576	$225M	trimmed−5%	+0.13 pp	15 q
MDTMedtronic plc	2.87%	3,142,079	$224M	added+6%	−0.50 pp	9 q
GISGeneral Mills, Inc.	2.54%	3,199,581	$198M	added+4%	−0.06 pp	15 q
SLBSLB Limited	2.36%	2,193,525	$184M	added0%	+0.09 pp	15 q
TGTTarget Corporation	2.36%	2,540,453	$183M	added0%	+0.07 pp	15 q
TTCToro Company (The)	2.35%	3,267,419	$183M	trimmed−15%	−0.02 pp	15 q
FULH.B. Fuller Company	2.21%	3,561,397	$172M	added+1%	+0.04 pp	15 q
DISThe Walt Disney Company	2.20%	1,643,226	$171M	added+1%	+0.21 pp	15 q
HRLHormel Foods Corporation	2.19%	4,895,931	$170M	added+13%	+0.03 pp	15 q
unresolvedValspar Corp	2.11%	1,582,931	$164M	trimmed−6%	−0.25 pp	15 q
WFCWells Fargo & Co.	2.10%	2,974,044	$164M	trimmed−9%	+0.19 pp	15 q
PFGPrincipal Financial Group, Inc.	2.04%	2,749,359	$159M	trimmed−5%	+0.08 pp	15 q
PFEPfizer Inc.	1.97%	4,725,178	$153M	added+4%	−0.06 pp	15 q
PNRPentair plc	1.92%	2,661,479	$149M	trimmed−0%	−0.34 pp	11 q
CHRWC.H. Robinson Worldwide, Inc.	1.91%	2,030,947	$149M	added+1%	+0.04 pp	15 q
RHHBYRoche Holding Ltd S/	1.83%	4,982,597	$142M	added+7%	−0.07 pp	14 q
TECHBio-Techne Corp.	1.81%	1,368,650	$141M	added0%	−0.16 pp	10 q
UPSUnited Parcel Service, Inc. Class B	1.81%	1,229,624	$141M	added0%	+0.04 pp	15 q
unresolvedGeneral Electric Co	1.69%	4,167,957	$132M	added+1%	+0.08 pp	15 q
FISVFiserv, Inc.	1.54%	1,125,711	$120M	trimmed−0%	+0.06 pp	15 q
WUThe Western Union Company	1.40%	5,016,881	$109M	trimmed−0%	+0.02 pp	15 q
EMREmerson Electric Co.	1.33%	1,856,185	$103M	trimmed−15%	−0.23 pp	15 q
FASTFastenal Co	1.32%	2,180,406	$102M	trimmed−0%	+0.12 pp	15 q
ZBHZimmer Biomet Holdings, Inc.	1.30%	979,037	$101M	added+15%	−0.15 pp	15 q
QCOMQualcomm Inc	1.24%	1,484,888	$97M	trimmed−0%	−0.10 pp	15 q
PDCOPatterson Companies, Inc.	1.22%	2,308,802	$95M	added+20%	+0.06 pp	15 q
ASBAssociated Banc-Corp	1.04%	3,283,345	$81M	trimmed−4%	+0.16 pp	15 q
AXPAmerican Express Company	1.01%	1,065,175	$79M	added0%	+0.11 pp	15 q
BMIBadger Meter, Inc.	1.00%	2,110,094	$78M	added+2%	+0.08 pp	15 q
BAXBaxter International Inc.	1.00%	1,752,525	$78M	trimmed−8%	−0.19 pp	15 q
XOMExxon Mobil Corp	0.94%	811,057	$73M	added0%	+0.01 pp	15 q
TRVThe Travelers Companies, Inc.	0.91%	579,452	$71M	trimmed−0%	+0.03 pp	15 q
GOOGAlphabet Inc. Class C	0.85%	85,480	$66M	added+40%	+0.22 pp	11 q
CRAYCray, Inc.	0.84%	3,149,721	$65M	added+2%	−0.12 pp	15 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.84%	409,178	$65M	added0%	+0.09 pp	15 q
GLWCorning Incorporated	0.80%	2,561,656	$62M	trimmed−11%	−0.09 pp	15 q
ABTAbbott Laboratories	0.66%	1,333,036	$51M	added+22%	+0.05 pp	15 q
GWBGreat Western Bancorp, Inc.	0.66%	1,173,698	$51M	added+3%	+0.16 pp	4 q
CVXChevron Corporation	0.60%	395,383	$47M	trimmed−1%	+0.06 pp	15 q
SNASnap-on Incorporated	0.59%	267,153	$46M	added+16%	+0.13 pp	15 q
NVECNVE Corp	0.47%	507,531	$36M	trimmed−0%	+0.07 pp	15 q
GNRCGenerac Holdings Inc	0.45%	859,616	$35M	trimmed−1%	+0.03 pp	12 q
IBMInternational Business Machines Corporation	0.39%	182,873	$30M	trimmed−2%	0.00 pp	15 q
HDHome Depot, Inc.	0.35%	201,854	$27M	added0%	+0.01 pp	15 q
unresolvedG & K Services Cl A	0.33%	267,346	$26M	trimmed−28%	−0.14 pp	15 q
PGProcter & Gamble Company	0.33%	301,108	$25M	added+1%	−0.02 pp	15 q
AEBAAllete Inc	0.31%	380,100	$24M	added+5%	+0.03 pp	15 q
THRMGentherm Inc	0.31%	707,110	$24M	added×2.2	+0.18 pp	13 q
JPMJPMorgan Chase & Co.	0.31%	283,039	$24M	trimmed−0%	+0.06 pp	15 q
SSYSStratasys Inc (ISRAEL)	0.27%	1,278,935	$21M	trimmed−1%	−0.14 pp	15 q
BMYBristol-Myers Squibb Co.	0.26%	340,822	$20M	added+3%	+0.02 pp	15 q
PRLBProto Labs, Inc.	0.25%	374,044	$19M	added+2%	−0.04 pp	15 q
KMBKimberly-Clark Corp.	0.24%	162,805	$19M	added+1%	−0.03 pp	15 q
LLYEli Lilly & Co.	0.24%	250,478	$18M	added+3%	−0.02 pp	15 q
ABBVAbbvie Inc.	0.21%	264,365	$17M	trimmed−1%	−0.01 pp	15 q
INTCIntel Corp	0.19%	412,359	$15M	trimmed−0%	−0.02 pp	15 q
XELXcel Energy, Inc.	0.19%	361,807	$15M	trimmed−2%	−0.01 pp	15 q
MDUMDU Resources Group, Inc.	0.18%	480,012	$14M	trimmed−1%	+0.02 pp	15 q
APOGApogee Enterprises Inc	0.17%	251,030	$13M	added+11%	+0.04 pp	15 q
GBCIGlacier Bancorp Inc	0.17%	356,170	$13M	added+2%	+0.04 pp	2 q
COPConocoPhillips	0.16%	242,231	$12M	trimmed−19%	−0.01 pp	15 q
OSKOshkosh Corp.	0.16%	188,290	$12M	trimmed−11%	0.00 pp	15 q
WTFCWintrust Financial Corp	0.16%	174,900	$13M	added+3%	+0.04 pp	15 q
SCHWThe Charles Schwab Corporation	0.15%	299,123	$12M	added+1%	+0.03 pp	15 q
42OPhysicians Realty Trust	0.14%	582,360	$11M	added+38%	+0.02 pp	9 q
UFCSUnited Fire Group Inc.	0.14%	219,457	$11M	added+4%	+0.02 pp	12 q
ATUEnerpac Tool Group Corp.	0.13%	402,800	$10M	added+19%	+0.03 pp	8 q
CASYCasey's General Stores Inc	0.13%	85,450	$10M	added+15%	+0.01 pp	15 q
CFRCullen/Frost Bankers Inc.	0.13%	116,240	$10M	added+9%	+0.03 pp	2 q
unresolvedCardinal Financial Corp	0.12%	275,146	$9M	trimmed−10%	+0.01 pp	9 q
MSFTMicrosoft Corp	0.12%	148,318	$9M	trimmed−3%	0.00 pp	15 q
HWKNHawkins Inc	0.11%	164,023	$9M	trimmed−1%	+0.02 pp	15 q
HUBGHUB Group Inc	0.11%	190,140	$8M	added+8%	+0.02 pp	15 q
PINCNPremier Inc-class A	0.11%	286,580	$9M	added+39%	+0.02 pp	2 q
TNCTennant Company	0.11%	124,780	$9M	added+7%	+0.01 pp	15 q
VZVerizon Communications	0.11%	167,753	$9M	added+1%	0.00 pp	15 q
DLXDeluxe Corporation	0.10%	111,098	$8M	trimmed−22%	−0.03 pp	15 q
MCSThe Marcus Corporation	0.10%	256,823	$8M	added+1%	+0.02 pp	3 q
RAVNRaven Industries Inc	0.09%	290,543	$7M	trimmed−1%	0.00 pp	7 q
ADCAgree Realty Corporation	0.08%	143,619	$7M	trimmed−1%	−0.01 pp	15 q
unresolvedBuffalo Wild Wings Inc	0.07%	32,790	$5M	trimmed−4%	+0.01 pp	15 q
EMCIEmc Ins Group Inc	0.07%	190,088	$6M	added+1%	0.00 pp	4 q
HSYThe Hershey Company	0.07%	49,835	$5M	trimmed−0%	+0.01 pp	15 q
MRKMerck & Co., Inc.	0.07%	97,839	$6M	added+1%	−0.01 pp	15 q
SPYState Street SPDR S&P 500 ETF Trust	0.06%	20,689	$5M	added+18%	+0.01 pp	15 q
unresolvedShire PLC	0.05%	24,659	$4M	trimmed−79%	−0.26 pp	3 q
unresolvedVasco Data Sec Intl Inc	0.05%	299,996	$4M	added+27%	0.00 pp	15 q
unresolvedVascular Solutions	0.05%	70,033	$4M	trimmed−7%	0.00 pp	15 q
WKWorkiva Inc.	0.05%	257,393	$4M	added+22%	0.00 pp	5 q
unresolvedMOCON Inc.	0.04%	152,590	$3M	trimmed−0%	+0.01 pp	15 q
OASOasis Petroleum Inc	0.04%	212,470	$3M	trimmed−20%	0.00 pp	5 q
SPSCSPS Commerce, Inc.	0.04%	43,280	$3M	trimmed−0%	0.00 pp	15 q
unresolvedBank Mutual Corp	0.03%	264,953	$3M	trimmed−1%	0.00 pp	15 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	13,774	$2M	added+5%	0.00 pp	15 q
MTSCMTS Systems Corp	0.03%	46,428	$3M	trimmed−5%	0.00 pp	15 q
MCDMcDonald's Corporation	0.03%	16,052	$2M	trimmed−9%	0.00 pp	15 q
PSXPhillips 66	0.03%	23,951	$2M	held	—	15 q
unresolvedPrivatebancorp Inc	0.03%	49,750	$3M	trimmed−63%	−0.05 pp	15 q
SCHBSchwab U.S. Broad Market ETF	0.03%	45,730	$2M	trimmed−8%	0.00 pp	15 q
TTSTile Shop Hldgs Inc	0.03%	109,270	$2M	added+14%	+0.01 pp	2 q
TAT&T Inc.	0.02%	37,532	$2M	trimmed−2%	0.00 pp	15 q
AMGNAmgen Inc	0.02%	9,916	$1M	held	—	15 q
AAPLApple Inc.	0.02%	15,196	$2M	trimmed−0%	0.00 pp	15 q
BPBP p.l.c.	0.02%	47,836	$2M	trimmed−7%	0.00 pp	15 q
CSIICardiovascular Systems, Inc.	0.02%	75,762	$2M	trimmed−0%	0.00 pp	10 q
IVViShares Core S&P 500 ETF	0.02%	5,495	$1M	added+14%	+0.01 pp	15 q
ORCLOracle Corp	0.02%	31,400	$1M	added+2%	0.00 pp	15 q
PEPPepsiCo, Inc.	0.02%	12,734	$1M	trimmed−12%	0.00 pp	15 q
unresolvedTcf Financial Corp	0.02%	92,860	$2M	trimmed−15%	0.00 pp	15 q
UTXZRTX Corporation	0.02%	12,671	$1M	added+2%	0.00 pp	15 q
GOOGLAlphabet Inc. Class A	0.01%	589	$467,000	added+11%	0.00 pp	6 q
MOAltria Group, Inc.	0.01%	8,389	$567,000	added+1%	0.00 pp	15 q
ADPAutomatic Data Processing	0.01%	4,502	$463,000	trimmed−17%	0.00 pp	15 q
BDXBecton, Dickinson and Co.	0.01%	4,778	$791,000	trimmed−11%	0.00 pp	15 q
BRK.ABerkshire Hathaway Inc.	0.01%	3	$732,000	held	—	14 q
unresolvedCigna Corporation	0.01%	4,500	$600,000	trimmed−4%	0.00 pp	15 q
CATCaterpillar Inc.	0.01%	7,682	$712,000	held	—	15 q
CSCOCisco Systems, Inc. (DE)	0.01%	28,233	$853,000	added+4%	0.00 pp	15 q
KOCoca-Cola Company	0.01%	19,544	$810,000	trimmed−13%	0.00 pp	15 q
CLColgate-Palmolive Company	0.01%	12,341	$808,000	trimmed−12%	0.00 pp	15 q
COSTCostco Wholesale Corp	0.01%	3,265	$523,000	added+1%	0.00 pp	15 q
unresolvedDu Pont E I De Nemours & Co	0.01%	7,963	$584,000	added+96%	+0.01 pp	10 q
FDXFedEx Corporation	0.01%	3,490	$650,000	held	—	15 q
IDXXIdexx Laboratories Inc	0.01%	3,998	$469,000	held	—	13 q
IFFInternational Flavors & Fragrances Inc.	0.01%	4,000	$471,000	held	—	15 q
DVYiShares Select Dividend ETF	0.01%	7,434	$658,000	held	—	5 q
IWRiShares Russell Mid-Cap ETF	0.01%	3,610	$646,000	held	—	7 q
IJHiShares Core S&P Mid-Cap ETF	0.01%	2,425	$401,000	trimmed−5%	0.00 pp	9 q
IWDiShares Russell 1000 Value ETF	0.01%	4,735	$530,000	held	—	5 q
IWFiShares Russell 1000 Growth ETF	0.01%	7,045	$739,000	held	—	5 q
IWMiShares Russell 2000 ETF	0.01%	3,320	$448,000	trimmed−6%	0.00 pp	5 q
LMTLockheed Martin Corp.	0.01%	1,604	$401,000	held	—	2 q
NVSNovartis AG	0.01%	6,053	$441,000	trimmed−5%	0.00 pp	15 q
NMSNuveen Minnesota Quality Municipal Income Fund	0.01%	37,002	$581,000	held	—	9 q
PMPhilip Morris International Inc.	0.01%	7,285	$667,000	held	—	15 q
SCHFSchwab International Equity ETF	0.01%	40,000	$1M	held	—	15 q
SYYSysco Corporation	0.01%	7,258	$402,000	trimmed−19%	0.00 pp	14 q
TXNTexas Instruments Incorporated	0.01%	5,510	$402,000	held	—	4 q
UNPUnion Pacific Corp.	0.01%	8,048	$834,000	held	—	3 q
VVISA Inc.	0.01%	6,396	$499,000	added+10%	0.00 pp	15 q
WECWEC Energy Group, Inc.	0.01%	7,633	$448,000	added+60%	+0.01 pp	7 q
WBAWalgreens Boots Alliance, Inc	0.01%	13,045	$1M	added+14%	0.00 pp	9 q
ADBEAdobe Inc.	0.00%	2,192	$226,000	added+1%	0.00 pp	5 q
LNTAlliant Energy Corporation	0.00%	8,728	$331,000	held	—	13 q
AMZNAmazon.Com Inc	0.00%	445	$334,000	added+16%	0.00 pp	13 q
AMPAmeriprise Financial, Inc.	0.00%	2,391	$265,000	held	—	14 q
APCAnadarko Petroleum Corp	0.00%	2,894	$202,000	new	0.00 pp	new
ALVAutoliv, Inc.	0.00%	2,314	$262,000	held	—	9 q
BACBank of America Corporation	0.00%	12,942	$286,000	trimmed−1%	0.00 pp	15 q
BIIBBiogen Inc.	0.00%	1,025	$291,000	held	—	15 q
BABoeing Company	0.00%	2,180	$339,000	trimmed−45%	−0.01 pp	15 q
CVSCvs Health Corporation	0.00%	2,879	$227,000	trimmed−2%	0.00 pp	6 q
CAHCardinal Health, Inc.	0.00%	2,891	$208,000	held	—	2 q
CNPCenterPoint Energy, Inc.	0.00%	9,398	$232,000	held	—	3 q
CLXClorox Company	0.00%	1,863	$224,000	held	—	5 q
CMCSAComcast Corp	0.00%	3,017	$208,000	new	0.00 pp	new
DDominion Energy, Inc	0.00%	4,445	$340,000	held	—	15 q
EXCExelon Corporation	0.00%	6,708	$238,000	held	—	15 q
FTAFirst Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	0.00%	7,174	$336,000	trimmed−29%	−0.01 pp	13 q
EFAiShares MSCI EAFE ETF	0.00%	6,672	$385,000	trimmed−35%	−0.01 pp	15 q
ICFiShares Select U.S. REIT ETF	0.00%	2,515	$251,000	held	—	5 q
IJTiShares S&P Small-Cap 600 Growth ETF	0.00%	1,655	$248,000	held	—	5 q
KELKellanova	0.00%	3,850	$284,000	held	—	15 q
unresolvedLandauer	0.00%	4,629	$223,000	held	—	2 q
LOWLowe's Companies Inc.	0.00%	5,312	$378,000	trimmed−4%	−0.01 pp	15 q
MRSHMarsh	0.00%	5,010	$339,000	held	—	2 q
NEENextEra Energy, Inc.	0.00%	2,559	$306,000	trimmed−46%	−0.01 pp	15 q
NKENike, Inc.	0.00%	5,510	$280,000	added+2%	0.00 pp	10 q
NSCNorfolk Southern Corp.	0.00%	2,889	$312,000	held	—	15 q
NWBONorthwest Biothrputcs Inc	0.00%	12,500	$4,000	held	—	5 q
PIIPolaris Inc.	0.00%	4,063	$335,000	held	—	15 q
PCYOPure Cycle Corporation	0.00%	11,855	$65,000	held	—	15 q
RTNRaytheon Company	0.00%	1,675	$238,000	held	—	4 q
RDS.ARoyal Dutch Shell PLC	0.00%	6,820	$371,000	trimmed−2%	0.00 pp	15 q
TMOThermo Fisher Scientific, Inc.	0.00%	1,683	$237,000	held	—	12 q
ULGXUrologix Inc	0.00%	20,000	$0	held	—	5 q
WMTWalmart Inc.	0.00%	5,345	$369,000	added+4%	0.00 pp	15 q
WABCWestamerica Bancorporation	0.00%	5,359	$337,000	held	—	15 q
WYWeyerhaeuser Company	0.00%	11,659	$351,000	added+19%	0.00 pp	13 q
ACNAccenture PLC	0.00%	3,039	$356,000	held	—	6 q
CBChubb Limited	0.00%	2,286	$302,000	held	—	2 q
BTIBritish American Tobacco p.l.c.	—	−1,977	—	exited	0.00 pp	—
CXTCrane NXT, Co.	—	−4,328	—	exited	0.00 pp	—
ITWIllinois Tool Works Inc.	—	−2,199	—	exited	0.00 pp	—
ROKRockwell Automation, Inc.	—	−2,073	—	exited	0.00 pp	—
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	—	−1,080	—	exited	0.00 pp	—
SU6Surmodics Inc	—	−10,338	—	exited	0.00 pp	—
VFCV.F. Corporation	—	−3,645	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 17 unresolved
Accession: 0001104659-17-008854
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 2016-12-31
A security outside the official 13F list — CUSIP 917273104 not on the Official 13(f) List for 2016-12-31

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