Mairs & Power

Q1 2017 13F

As of: Mar 31, 2017
Filed: May 15, 2017
US stock: $8.2B · prev $7.8B
Positions: 203 · prev 189
Options notional: $0
Documents: 1· no amendments

Picture98.0% US stock

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

US stock listed on a US exchange 98.0%
Foreign stock not listed in the US 2.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves178 since the prior filing

+5.6 pp in · −5.7 pp out

New 20 +0.31 pp
Added 90 +5.29 pp
Trimmed 62 −2.32 pp
Exited 6 −3.33 pp

The book

Diversified · behaves like 45 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 21% a year, about 4.8 years per position

Low
Moderate
High

Top 5 positions20% of US stock

MMM 3M Company added+0.11 pp added+0.114.2%
ECL Ecolab, Inc. added+0.33 pp added+0.334.2%
USB U.S. Bancorp trimmed−0.22 pp trimmed−0.224.1%
GGG Graco Inc trimmed+0.28 pp trimmed+0.283.8%
HON Honeywell International, Inc. added+0.13 pp added+0.133.5%

Positions203 in this filing · 6 exited


MMM3M Company	4.24%	1,807,046	$346M	added0%	+0.11 pp	16 q
ECLEcolab, Inc.	4.19%	2,728,455	$342M	added+6%	+0.33 pp	16 q
USBU.S. Bancorp	4.14%	6,561,419	$338M	trimmed−1%	−0.22 pp	16 q
GGGGraco Inc	3.79%	3,287,453	$309M	trimmed−0%	+0.28 pp	16 q
HONHoneywell International, Inc.	3.47%	2,265,739	$283M	added+1%	+0.13 pp	16 q
MDTMedtronic plc	3.43%	3,473,906	$280M	added+11%	+0.56 pp	10 q
JNJJohnson & Johnson	3.40%	2,227,380	$277M	added+4%	+0.23 pp	16 q
DCIDonaldson Company, Inc.	2.93%	5,256,200	$239M	trimmed−2%	+0.04 pp	16 q
unresolvedBemis Inc	2.87%	4,790,312	$234M	added+2%	−0.03 pp	16 q
DISThe Walt Disney Company	2.61%	1,880,644	$213M	added+14%	+0.41 pp	16 q
HRLHormel Foods Corporation	2.56%	6,035,544	$209M	added+23%	+0.37 pp	16 q
GISGeneral Mills, Inc.	2.38%	3,293,752	$194M	added+3%	−0.16 pp	16 q
ABTAbbott Laboratories	2.32%	4,270,907	$190M	added×3.2	+1.66 pp	16 q
TTCToro Company (The)	2.31%	3,018,974	$189M	trimmed−8%	−0.04 pp	16 q
FULH.B. Fuller Company	2.25%	3,564,982	$184M	added0%	+0.04 pp	16 q
SLBSLB Limited	2.12%	2,219,294	$173M	added+1%	−0.24 pp	16 q
PNRPentair plc	2.05%	2,669,789	$168M	added0%	+0.13 pp	12 q
PFEPfizer Inc.	2.04%	4,871,107	$167M	added+3%	+0.07 pp	16 q
PFGPrincipal Financial Group, Inc.	2.01%	2,599,215	$164M	trimmed−5%	−0.03 pp	16 q
RHHBYRoche Holding Ltd S/	1.98%	5,067,407	$162M	added+2%	+0.15 pp	15 q
WFCWells Fargo & Co.	1.96%	2,868,928	$160M	trimmed−4%	−0.14 pp	16 q
CHRWC.H. Robinson Worldwide, Inc.	1.88%	1,986,287	$154M	trimmed−2%	−0.03 pp	16 q
TECHBio-Techne Corp.	1.73%	1,389,850	$141M	added+2%	−0.08 pp	11 q
TGTTarget Corporation	1.72%	2,538,672	$140M	trimmed−0%	−0.64 pp	16 q
UPSUnited Parcel Service, Inc. Class B	1.62%	1,235,542	$133M	added0%	−0.19 pp	16 q
FISVFiserv, Inc.	1.59%	1,126,097	$130M	added0%	+0.05 pp	16 q
ZBHZimmer Biomet Holdings, Inc.	1.59%	1,059,960	$129M	added+8%	+0.29 pp	16 q
unresolvedGeneral Electric Co	1.56%	4,262,608	$127M	added+2%	−0.13 pp	16 q
unresolvedValspar Corp	1.46%	1,071,801	$119M	trimmed−32%	−0.65 pp	16 q
FASTFastenal Co	1.32%	2,088,026	$108M	trimmed−4%	0.00 pp	16 q
PDCOPatterson Companies, Inc.	1.29%	2,327,061	$105M	added+1%	+0.07 pp	16 q
WUThe Western Union Company	1.24%	4,963,474	$101M	trimmed−1%	−0.16 pp	16 q
GOOGAlphabet Inc. Class C	1.10%	107,819	$89M	added+26%	+0.25 pp	12 q
AXPAmerican Express Company	1.10%	1,138,255	$90M	added+7%	+0.09 pp	16 q
QCOMQualcomm Inc	1.07%	1,529,125	$88M	added+3%	−0.17 pp	16 q
BAXBaxter International Inc.	1.04%	1,631,800	$85M	trimmed−7%	+0.04 pp	16 q
EMREmerson Electric Co.	0.99%	1,352,162	$81M	trimmed−27%	−0.34 pp	16 q
BMIBadger Meter, Inc.	0.97%	2,157,359	$79M	added+2%	−0.03 pp	16 q
ASBAssociated Banc-Corp	0.96%	3,224,405	$79M	trimmed−2%	−0.08 pp	16 q
CRAYCray, Inc.	0.87%	3,236,001	$71M	added+3%	+0.03 pp	16 q
GLWCorning Incorporated	0.85%	2,558,362	$69M	trimmed−0%	+0.05 pp	16 q
XOMExxon Mobil Corp	0.83%	821,779	$67M	added+1%	−0.11 pp	16 q
TRVThe Travelers Companies, Inc.	0.83%	563,619	$68M	trimmed−3%	−0.08 pp	16 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.82%	410,009	$67M	added0%	−0.02 pp	16 q
LLYEli Lilly & Co.	0.74%	719,208	$60M	added×2.9	+0.50 pp	16 q
GWBGreat Western Bancorp, Inc.	0.72%	1,384,326	$59M	added+18%	+0.06 pp	5 q
SNASnap-on Incorporated	0.70%	337,419	$57M	added+26%	+0.11 pp	16 q
CVXChevron Corporation	0.49%	375,947	$40M	trimmed−5%	−0.11 pp	16 q
NVECNVE Corp	0.48%	478,175	$40M	trimmed−6%	+0.01 pp	16 q
TNCTennant Company	0.48%	539,995	$39M	added×4.3	+0.37 pp	16 q
GNRCGenerac Holdings Inc	0.44%	970,806	$36M	added+13%	−0.01 pp	13 q
IBMInternational Business Machines Corporation	0.38%	178,953	$31M	trimmed−2%	−0.01 pp	16 q
HDHome Depot, Inc.	0.36%	200,708	$29M	trimmed−1%	+0.01 pp	16 q
THRMGentherm Inc	0.35%	728,100	$29M	added+3%	+0.04 pp	14 q
KMBKimberly-Clark Corp.	0.35%	218,985	$29M	added+35%	+0.11 pp	16 q
PGProcter & Gamble Company	0.34%	313,000	$28M	added+4%	+0.01 pp	16 q
AEBAAllete Inc	0.32%	391,555	$27M	added+3%	+0.01 pp	16 q
SSYSStratasys Inc (ISRAEL)	0.32%	1,283,605	$26M	added0%	+0.05 pp	16 q
JPMJPMorgan Chase & Co.	0.30%	283,169	$25M	added0%	−0.01 pp	16 q
PRLBProto Labs, Inc.	0.26%	412,372	$21M	added+10%	+0.01 pp	16 q
BMYBristol-Myers Squibb Co.	0.23%	344,280	$19M	added+1%	−0.03 pp	16 q
ABBVAbbvie Inc.	0.20%	256,342	$17M	trimmed−3%	−0.01 pp	16 q
XELXcel Energy, Inc.	0.20%	358,967	$16M	trimmed−1%	+0.01 pp	16 q
APOGApogee Enterprises Inc	0.19%	254,630	$15M	added+1%	+0.02 pp	16 q
42OPhysicians Realty Trust	0.19%	781,930	$16M	added+34%	+0.05 pp	10 q
INTCIntel Corp	0.18%	417,987	$15M	added+1%	−0.01 pp	16 q
GBCIGlacier Bancorp Inc	0.17%	399,400	$14M	added+12%	0.00 pp	3 q
OSKOshkosh Corp.	0.16%	188,690	$13M	added0%	0.00 pp	16 q
WTFCWintrust Financial Corp	0.16%	193,250	$13M	added+10%	0.00 pp	16 q
ATUEnerpac Tool Group Corp.	0.15%	450,700	$12M	added+12%	+0.02 pp	9 q
CFRCullen/Frost Bankers Inc.	0.15%	134,070	$12M	added+15%	+0.02 pp	3 q
MDUMDU Resources Group, Inc.	0.15%	440,162	$12M	trimmed−8%	−0.03 pp	16 q
SCHWThe Charles Schwab Corporation	0.15%	298,218	$12M	trimmed−0%	0.00 pp	16 q
CASYCasey's General Stores Inc	0.14%	101,880	$11M	added+19%	+0.01 pp	16 q
COPConocoPhillips	0.14%	231,663	$12M	trimmed−4%	−0.02 pp	16 q
UFCSUnited Fire Group Inc.	0.13%	243,747	$10M	added+11%	−0.01 pp	13 q
MSFTMicrosoft Corp	0.12%	150,810	$10M	added+2%	0.00 pp	16 q
PINCNPremier Inc-class A	0.12%	310,130	$10M	added+8%	+0.01 pp	3 q
ADCAgree Realty Corporation	0.11%	184,099	$9M	added+28%	+0.03 pp	16 q
BKHBlack Hills Corporation	0.11%	133,770	$9M	new	+0.11 pp	new
CTLTCatalent, Inc.	0.11%	331,370	$9M	new	+0.11 pp	new
HUBGHUB Group Inc	0.11%	194,040	$9M	added+2%	0.00 pp	16 q
unresolvedCardinal Financial Corp	0.10%	275,146	$8M	held	—	10 q
HWKNHawkins Inc	0.10%	164,223	$8M	added0%	−0.01 pp	16 q
MCSThe Marcus Corporation	0.10%	262,123	$8M	added+2%	0.00 pp	4 q
VZVerizon Communications	0.09%	156,091	$8M	trimmed−7%	−0.02 pp	16 q
RAVNRaven Industries Inc	0.08%	228,866	$7M	trimmed−21%	−0.01 pp	8 q
SPYState Street SPDR S&P 500 ETF Trust	0.08%	26,000	$6M	added+26%	+0.02 pp	16 q
TTSTile Shop Hldgs Inc	0.08%	342,710	$7M	added×3.1	+0.05 pp	3 q
DLXDeluxe Corporation	0.07%	83,194	$6M	trimmed−25%	−0.03 pp	16 q
EMCIEmc Ins Group Inc	0.07%	190,288	$5M	added0%	0.00 pp	5 q
HSYThe Hershey Company	0.07%	50,085	$5M	added+1%	0.00 pp	16 q
MRKMerck & Co., Inc.	0.07%	90,144	$6M	trimmed−8%	0.00 pp	16 q
WKWorkiva Inc.	0.06%	301,823	$5M	added+17%	+0.01 pp	6 q
unresolvedBuffalo Wild Wings Inc	0.04%	20,290	$3M	trimmed−38%	−0.03 pp	16 q
unresolvedMOCON Inc.	0.04%	152,590	$3M	held	—	16 q
OASOasis Petroleum Inc	0.04%	231,220	$3M	added+9%	0.00 pp	6 q
SPSCSPS Commerce, Inc.	0.04%	58,830	$3M	added+36%	0.00 pp	16 q
unresolvedShire PLC	0.04%	18,987	$3M	trimmed−23%	−0.01 pp	4 q
AAPLApple Inc.	0.03%	16,494	$2M	added+9%	+0.01 pp	16 q
unresolvedBank Mutual Corp	0.03%	249,453	$2M	trimmed−6%	0.00 pp	16 q
BRK.ABerkshire Hathaway Inc.	0.03%	10	$2M	added×3.3	+0.02 pp	15 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	13,974	$2M	added+1%	0.00 pp	16 q
CSIICardiovascular Systems, Inc.	0.03%	75,762	$2M	held	—	11 q
CYBECyberoptics Corp	0.03%	84,200	$2M	new	+0.03 pp	new
MTSCMTS Systems Corp	0.03%	43,678	$2M	trimmed−6%	0.00 pp	16 q
MCDMcDonald's Corporation	0.03%	16,192	$2M	added+1%	0.00 pp	16 q
QCRHQCR Holdings Inc	0.03%	55,660	$2M	new	+0.03 pp	new
SCHBSchwab U.S. Broad Market ETF	0.03%	45,730	$3M	held	—	16 q
unresolvedVasco Data Sec Intl Inc	0.03%	163,326	$2M	trimmed−46%	−0.02 pp	16 q
TAT&T Inc.	0.02%	38,348	$2M	added+2%	0.00 pp	16 q
AMGNAmgen Inc	0.02%	8,845	$1M	trimmed−11%	0.00 pp	16 q
BPBP p.l.c.	0.02%	38,428	$1M	trimmed−21%	0.00 pp	16 q
ORCLOracle Corp	0.02%	30,585	$1M	trimmed−3%	0.00 pp	16 q
PEPPepsiCo, Inc.	0.02%	15,376	$2M	added+21%	0.00 pp	16 q
PSXPhillips 66	0.02%	24,526	$2M	added+2%	−0.01 pp	16 q
unresolvedPrivatebancorp Inc	0.02%	25,275	$2M	trimmed−49%	−0.01 pp	16 q
unresolvedTcf Financial Corp	0.02%	84,468	$1M	trimmed−9%	0.00 pp	16 q
UTXZRTX Corporation	0.02%	14,863	$2M	added+17%	0.00 pp	16 q
GOOGLAlphabet Inc. Class A	0.01%	668	$566,000	added+13%	0.00 pp	7 q
MOAltria Group, Inc.	0.01%	7,048	$503,000	trimmed−16%	0.00 pp	16 q
AMZNAmazon.Com Inc	0.01%	485	$430,000	added+9%	+0.01 pp	14 q
ADPAutomatic Data Processing	0.01%	4,925	$504,000	added+9%	0.00 pp	16 q
BDXBecton, Dickinson and Co.	0.01%	4,640	$851,000	trimmed−3%	0.00 pp	16 q
unresolvedCigna Corporation	0.01%	4,500	$659,000	held	—	16 q
CATCaterpillar Inc.	0.01%	7,762	$720,000	added+1%	0.00 pp	16 q
CSCOCisco Systems, Inc. (DE)	0.01%	23,735	$802,000	trimmed−16%	0.00 pp	16 q
KOCoca-Cola Company	0.01%	18,676	$793,000	trimmed−4%	0.00 pp	16 q
CLColgate-Palmolive Company	0.01%	11,899	$871,000	trimmed−4%	0.00 pp	16 q
COSTCostco Wholesale Corp	0.01%	3,102	$520,000	trimmed−5%	0.00 pp	16 q
unresolvedDu Pont E I De Nemours & Co	0.01%	10,863	$873,000	added+36%	0.00 pp	11 q
FDXFedEx Corporation	0.01%	3,490	$681,000	held	—	16 q
IDXXIdexx Laboratories Inc	0.01%	4,598	$711,000	added+15%	0.00 pp	14 q
ITWIllinois Tool Works Inc.	0.01%	3,226	$427,000	new	+0.01 pp	new
DVYiShares Select Dividend ETF	0.01%	7,434	$677,000	held	—	6 q
IVViShares Core S&P 500 ETF	0.01%	4,566	$1M	trimmed−17%	−0.01 pp	16 q
EFAiShares MSCI EAFE ETF	0.01%	7,423	$462,000	added+11%	+0.01 pp	16 q
IWRiShares Russell Mid-Cap ETF	0.01%	3,610	$676,000	held	—	8 q
IJHiShares Core S&P Mid-Cap ETF	0.01%	2,561	$438,000	added+6%	0.00 pp	10 q
IWDiShares Russell 1000 Value ETF	0.01%	4,735	$544,000	held	—	6 q
IWFiShares Russell 1000 Growth ETF	0.01%	6,545	$745,000	trimmed−7%	0.00 pp	6 q
IWMiShares Russell 2000 ETF	0.01%	3,657	$503,000	added+10%	0.00 pp	6 q
LOWLowe's Companies Inc.	0.01%	5,112	$420,000	trimmed−4%	+0.01 pp	16 q
NSRGYNestle S.a S/	0.01%	5,685	$436,000	new	+0.01 pp	new
NSCNorfolk Southern Corp.	0.01%	5,005	$560,000	added+73%	+0.01 pp	16 q
NVSNovartis AG	0.01%	5,894	$438,000	trimmed−3%	0.00 pp	16 q
NMSNuveen Minnesota Quality Municipal Income Fund	0.01%	37,002	$620,000	held	—	10 q
PMPhilip Morris International Inc.	0.01%	6,440	$727,000	trimmed−12%	0.00 pp	16 q
SCHFSchwab International Equity ETF	0.01%	40,000	$1M	held	—	16 q
UNPUnion Pacific Corp.	0.01%	11,198	$1M	added+39%	0.00 pp	4 q
VTIVanguard Morningstar Total Stock Market ETF	0.01%	4,030	$489,000	new	+0.01 pp	new
VVISA Inc.	0.01%	6,296	$560,000	trimmed−2%	0.00 pp	16 q
WECWEC Energy Group, Inc.	0.01%	7,540	$457,000	trimmed−1%	0.00 pp	8 q
WBAWalgreens Boots Alliance, Inc	0.01%	14,364	$1M	added+10%	0.00 pp	10 q
ADBEAdobe Inc.	0.00%	2,550	$332,000	added+16%	0.00 pp	6 q
LNTAlliant Energy Corporation	0.00%	8,728	$346,000	held	—	14 q
AMPAmeriprise Financial, Inc.	0.00%	2,251	$292,000	trimmed−6%	0.00 pp	15 q
AMATApplied Materials Inc	0.00%	6,727	$262,000	new	0.00 pp	new
ALVAutoliv, Inc.	0.00%	2,314	$237,000	held	—	10 q
BACBank of America Corporation	0.00%	12,942	$305,000	held	—	16 q
BIIBBiogen Inc.	0.00%	1,025	$280,000	held	—	16 q
BABoeing Company	0.00%	2,180	$386,000	held	—	16 q
CSXCSX Corporation	0.00%	8,400	$391,000	new	0.00 pp	new
CVSCvs Health Corporation	0.00%	3,034	$238,000	added+5%	0.00 pp	7 q
CAHCardinal Health, Inc.	0.00%	2,981	$243,000	added+3%	0.00 pp	3 q
CNPCenterPoint Energy, Inc.	0.00%	9,398	$259,000	held	—	4 q
CLXClorox Company	0.00%	1,863	$251,000	held	—	6 q
CMCSAComcast Corp	0.00%	6,034	$227,000	held	—	2 q
DDominion Energy, Inc	0.00%	4,445	$345,000	held	—	16 q
DUKDuke Energy Corporation	0.00%	2,820	$231,000	new	0.00 pp	new
EXCExelon Corporation	0.00%	6,318	$227,000	trimmed−6%	0.00 pp	16 q
METAMeta Platforms, Inc. Class A	0.00%	1,428	$203,000	new	0.00 pp	new
IFFInternational Flavors & Fragrances Inc.	0.00%	2,831	$375,000	trimmed−29%	−0.01 pp	16 q
ICFiShares Select U.S. REIT ETF	0.00%	2,515	$251,000	held	—	6 q
IJTiShares S&P Small-Cap 600 Growth ETF	0.00%	1,655	$253,000	held	—	6 q
KELKellanova	0.00%	4,250	$309,000	added+10%	0.00 pp	16 q
unresolvedLandauer	0.00%	4,629	$226,000	held	—	3 q
LMTLockheed Martin Corp.	0.00%	1,061	$284,000	trimmed−34%	−0.01 pp	3 q
MRSHMarsh	0.00%	5,010	$370,000	held	—	3 q
NEENextEra Energy, Inc.	0.00%	2,559	$328,000	held	—	16 q
NWBONorthwest Biothrputcs Inc	0.00%	12,500	$3,000	held	—	6 q
NADNuveen Quality Municipal Income Fund	0.00%	10,173	$139,000	new	0.00 pp	new
OTTROtter Tail Corp	0.00%	7,008	$266,000	new	0.00 pp	new
PPGPPG Industries, Inc.	0.00%	3,400	$357,000	new	0.00 pp	new
PIIPolaris Inc.	0.00%	3,463	$290,000	trimmed−15%	0.00 pp	16 q
PXGBXPraxair Inc	0.00%	2,851	$338,000	new	0.00 pp	new
PCYOPure Cycle Corporation	0.00%	11,855	$66,000	held	—	16 q
RTNRaytheon Company	0.00%	1,375	$210,000	trimmed−18%	0.00 pp	5 q
ROKRockwell Automation, Inc.	0.00%	1,923	$299,000	new	0.00 pp	new
RDS.ARoyal Dutch Shell PLC	0.00%	6,820	$360,000	held	—	16 q
SBUXStarbucks Corp	0.00%	5,695	$333,000	new	0.00 pp	new
SYYSysco Corporation	0.00%	6,265	$325,000	trimmed−14%	−0.01 pp	15 q
TXNTexas Instruments Incorporated	0.00%	3,900	$314,000	trimmed−29%	−0.01 pp	5 q
TMOThermo Fisher Scientific, Inc.	0.00%	1,683	$259,000	held	—	13 q
UNUnilever N V -ny Shares	0.00%	8,000	$397,000	new	0.00 pp	new
ULGXUrologix Inc	0.00%	40,000	$0	added×2.0	0.00 pp	6 q
VIGVanguard Dividend Appreciation ETF	0.00%	3,473	$312,000	new	0.00 pp	new
BSVVanguard Short-Term Bond ETF	0.00%	3,500	$279,000	new	0.00 pp	new
WMTWalmart Inc.	0.00%	5,445	$392,000	added+2%	0.00 pp	16 q
WABCWestamerica Bancorporation	0.00%	5,359	$299,000	held	—	16 q
WYWeyerhaeuser Company	0.00%	11,659	$396,000	held	—	14 q
ACNAccenture PLC	0.00%	1,890	$227,000	trimmed−38%	0.00 pp	7 q
CBChubb Limited	0.00%	1,862	$254,000	trimmed−19%	0.00 pp	3 q
unresolvedSt Jude Med Inc	—	−2,869,605	—	exited	−2.95 pp	—
unresolvedG & K Services Cl A	—	−267,346	—	exited	−0.33 pp	—
unresolvedVascular Solutions	—	−70,033	—	exited	−0.05 pp	—
APCAnadarko Petroleum Corp	—	−2,894	—	exited	0.00 pp	—
FTAFirst Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI)	—	−7,174	—	exited	0.00 pp	—
NKENike, Inc.	—	−5,510	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 4 defects · 14 unresolved
Accession: 0001104659-17-032528
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 641069406 not on the Official 13(f) List for 2017-03-31
A security outside the official 13F list — CUSIP 66737P600 not on the Official 13(f) List for 2017-03-31
A security outside the official 13F list — CUSIP 771195104 not on the Official 13(f) List for 2017-03-31
A security outside the official 13F list — CUSIP 917273104 not on the Official 13(f) List for 2017-03-31

Search