Mairs & Power

Q4 2024 13F · by Andrew Adams, CIO

As of: Dec 31, 2024
Filed: Feb 14, 2025
US stock: $10.3B · prev $10.6B
Positions: 229 · prev 228
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves182 since the prior filing

+2.3 pp in · −2.3 pp out

New 8 +0.05 pp
Added 60 +2.21 pp
Trimmed 107 −2.30 pp
Exited 7 0.00 pp

The book

Focused · behaves like 32 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 6.3% a year, about 15.9 years per position

Low
Moderate
High

Top 5 positions29% of US stock

MSFT Microsoft Corp added+0.12 pp added+0.128.0%
NVDA Nvidia Corp trimmed+0.74 pp trimmed+0.747.6%
AMZN Amazon.Com Inc added+0.88 pp added+0.885.0%
UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) trimmed−0.65 pp trimmed−0.654.3%
GOOG Alphabet Inc. Class C trimmed−0.30 pp trimmed−0.304.0%

Positions229 in this filing · 7 exited


MSFTMicrosoft Corp	8.03%	1,969,379	$830M	added+1%	+0.12 pp	47 q
NVDANvidia Corp	7.64%	5,884,992	$790M	trimmed−3%	+0.74 pp	23 q
AMZNAmazon.Com Inc	5.02%	2,363,488	$519M	added0%	+0.88 pp	45 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	4.25%	868,407	$439M	trimmed−3%	−0.65 pp	47 q
GOOGAlphabet Inc. Class C	4.01%	2,177,364	$415M	trimmed−21%	−0.30 pp	43 q
JPMJPMorgan Chase & Co.	3.98%	1,714,289	$411M	trimmed−0%	+0.57 pp	47 q
FISVFiserv, Inc.	3.72%	1,871,409	$384M	trimmed−1%	+0.52 pp	47 q
AAPLApple Inc.	3.28%	1,353,586	$339M	added0%	+0.33 pp	47 q
GGGGraco Inc	3.23%	3,957,203	$334M	added+1%	−0.01 pp	47 q
TTCToro Company (The)	2.78%	3,593,482	$288M	added+5%	−0.02 pp	47 q
VVISA Inc.	2.55%	835,325	$264M	added+6%	+0.51 pp	47 q
LLYEli Lilly & Co.	2.53%	339,267	$262M	trimmed−1%	−0.32 pp	47 q
LNTAlliant Energy Corporation	2.24%	3,913,967	$231M	trimmed−4%	−0.10 pp	45 q
MSIMotorola Solutions, Inc. New	2.17%	484,538	$224M	trimmed−1%	+0.10 pp	26 q
LFUSLittelfuse Inc	2.00%	875,381	$206M	added+2%	−0.15 pp	28 q
QCOMQualcomm Inc	1.96%	1,318,445	$203M	added+1%	−0.13 pp	47 q
USBU.S. Bancorp	1.95%	4,206,238	$201M	trimmed−8%	−0.01 pp	47 q
FASTFastenal Co	1.88%	2,709,431	$195M	trimmed−1%	+0.04 pp	47 q
TECHBio-Techne Corp.	1.86%	2,673,768	$193M	trimmed−1%	−0.17 pp	42 q
ECLEcolab, Inc.	1.78%	783,309	$184M	trimmed−1%	−0.13 pp	47 q
SHWThe Sherwin-Williams Company	1.58%	481,781	$164M	trimmed−0%	−0.15 pp	24 q
WFCWells Fargo & Co.	1.57%	2,310,552	$162M	trimmed−1%	+0.34 pp	47 q
NVTnVent Electric plc	1.56%	2,361,455	$161M	trimmed−1%	−0.02 pp	27 q
FULH.B. Fuller Company	1.44%	2,211,223	$149M	added+1%	−0.20 pp	47 q
JNJJohnson & Johnson	1.43%	1,025,376	$148M	trimmed−8%	−0.27 pp	47 q
VZVerizon Communications	1.33%	3,449,480	$138M	trimmed−28%	−0.69 pp	47 q
HRLHormel Foods Corporation	1.29%	4,258,565	$134M	trimmed−16%	−0.22 pp	47 q
ABTAbbott Laboratories	1.18%	1,076,915	$122M	trimmed−1%	+0.02 pp	47 q
ROKRockwell Automation, Inc.	1.16%	418,809	$120M	added+1%	+0.11 pp	22 q
TNCTennant Company	1.12%	1,419,695	$116M	added+6%	−0.09 pp	47 q
ENTGEntegris Inc	0.90%	938,273	$93M	trimmed−10%	−0.20 pp	13 q
CHRWC.H. Robinson Worldwide, Inc.	0.85%	853,541	$88M	added+2%	−0.02 pp	47 q
DCIDonaldson Company, Inc.	0.85%	1,309,975	$88M	trimmed−5%	−0.10 pp	47 q
SCHWThe Charles Schwab Corporation	0.79%	1,097,556	$81M	trimmed−10%	+0.05 pp	47 q
HONHoneywell International, Inc.	0.78%	355,510	$80M	trimmed−17%	−0.05 pp	47 q
CRMSalesforce, Inc.	0.78%	241,391	$81M	trimmed−1%	+0.15 pp	13 q
WKWorkiva Inc.	0.78%	734,030	$80M	trimmed−12%	+0.16 pp	37 q
PJCPiper Sandler Companies	0.70%	241,622	$72M	trimmed−2%	+0.04 pp	8 q
WECWEC Energy Group, Inc.	0.69%	763,758	$72M	added×186.3	+0.69 pp	39 q
BBYBest Buy Company, Inc.	0.62%	746,044	$64M	trimmed−0%	−0.11 pp	10 q
PFGPrincipal Financial Group, Inc.	0.62%	823,478	$64M	trimmed−5%	−0.08 pp	47 q
AXPAmerican Express Company	0.61%	210,790	$63M	trimmed−3%	+0.05 pp	47 q
HDHome Depot, Inc.	0.61%	160,813	$63M	trimmed−1%	−0.01 pp	47 q
MDTMedtronic plc	0.60%	775,359	$62M	trimmed−61%	−1.07 pp	41 q
TGTTarget Corporation	0.58%	446,990	$60M	trimmed−2%	−0.09 pp	47 q
CASYCasey's General Stores Inc	0.53%	137,749	$55M	trimmed−0%	+0.04 pp	47 q
TXNTexas Instruments Incorporated	0.42%	229,811	$43M	added+1%	−0.02 pp	18 q
KHCThe Kraft Heinz Company	0.41%	1,386,267	$43M	added+67%	+0.14 pp	2 q
DISThe Walt Disney Company	0.35%	328,587	$37M	trimmed−3%	+0.04 pp	47 q
ADPAutomatic Data Processing	0.31%	108,414	$32M	trimmed−0%	+0.03 pp	47 q
SYYSysco Corporation	0.30%	409,312	$31M	trimmed−45%	−0.25 pp	46 q
ULTAUlta Beauty, Inc.	0.30%	71,782	$31M	trimmed−2%	+0.03 pp	4 q
PGProcter & Gamble Company	0.28%	171,869	$29M	added+2%	+0.01 pp	47 q
BMIBadger Meter, Inc.	0.25%	121,901	$26M	trimmed−2%	−0.01 pp	47 q
GNRCGenerac Holdings Inc	0.25%	167,684	$26M	trimmed−8%	−0.02 pp	44 q
MMM3M Company	0.25%	200,531	$26M	trimmed−4%	−0.02 pp	47 q
XELXcel Energy, Inc.	0.25%	375,289	$25M	added+1%	+0.02 pp	47 q
ONBOld National Bancorp	0.20%	951,362	$21M	trimmed−4%	+0.03 pp	28 q
TRVThe Travelers Companies, Inc.	0.17%	74,178	$18M	trimmed−4%	0.00 pp	47 q
JBTMJBT Marel Corporation	0.16%	130,382	$17M	trimmed−2%	+0.04 pp	12 q
AMPAmeriprise Financial, Inc.	0.15%	28,161	$15M	added+2%	+0.03 pp	46 q
METAMeta Platforms, Inc. Class A	0.15%	26,312	$15M	added+18%	+0.03 pp	24 q
AZEKThe AZEK Company Inc.	0.13%	284,575	$14M	trimmed−0%	0.00 pp	14 q
CLFDClearfield, Inc.	0.13%	419,206	$13M	added+45%	+0.02 pp	9 q
HSYThe Hershey Company	0.13%	78,346	$13M	trimmed−25%	−0.06 pp	47 q
HUBGHUB Group Inc	0.12%	283,299	$13M	trimmed−0%	0.00 pp	47 q
INSPInspire Medical Systems, Inc.	0.12%	64,671	$12M	added+6%	0.00 pp	27 q
KNFKnife River Corporation	0.12%	126,935	$13M	trimmed−0%	+0.01 pp	5 q
PLXSPlexus Corp	0.12%	81,909	$13M	trimmed−8%	+0.01 pp	19 q
AIRAAR Corp.	0.11%	187,949	$12M	trimmed−0%	−0.01 pp	27 q
BRK.BBERKSHIRE HATHAWAY Class B	0.11%	25,993	$12M	added+4%	0.00 pp	47 q
CFRCullen/Frost Bankers Inc.	0.10%	73,401	$10M	trimmed−1%	+0.02 pp	34 q
MEDPMedpace Holdings, Inc.	0.10%	32,408	$11M	added+9%	+0.01 pp	10 q
WTFCWintrust Financial Corp	0.10%	86,135	$11M	trimmed−0%	+0.01 pp	47 q
QCRHQCR Holdings Inc	0.09%	119,938	$10M	trimmed−0%	+0.01 pp	32 q
ABBVAbbvie Inc.	0.08%	45,770	$8M	trimmed−2%	−0.01 pp	47 q
ASBAssociated Banc-Corp	0.08%	366,577	$9M	trimmed−1%	+0.01 pp	47 q
BKHBlack Hills Corporation	0.08%	140,345	$8M	trimmed−0%	0.00 pp	32 q
EMREmerson Electric Co.	0.08%	63,878	$8M	trimmed−3%	+0.01 pp	47 q
GISGeneral Mills, Inc.	0.08%	123,052	$8M	trimmed−2%	−0.01 pp	47 q
UPSUnited Parcel Service, Inc. Class B	0.08%	64,529	$8M	trimmed−20%	−0.02 pp	47 q
THRMGentherm Inc	0.07%	189,628	$8M	added+1%	−0.01 pp	45 q
GBCIGlacier Bancorp Inc	0.07%	151,880	$8M	trimmed−0%	0.00 pp	34 q
NWENorthWestern Energy Group, Inc.	0.07%	136,995	$7M	trimmed−0%	0.00 pp	22 q
CATCaterpillar Inc.	0.06%	16,693	$6M	added+1%	0.00 pp	47 q
MGPIMGP Ingredients Inc	0.06%	152,488	$6M	added+14%	−0.04 pp	25 q
SCHBSchwab U.S. Broad Market ETF	0.06%	261,246	$6M	held	—	47 q
PNRPentair plc	0.06%	65,240	$7M	trimmed−3%	0.00 pp	43 q
GOOGLAlphabet Inc. Class A	0.05%	25,891	$5M	trimmed−11%	0.00 pp	38 q
JAMFJamf Holding Corp.	0.05%	398,981	$6M	trimmed−1%	−0.02 pp	18 q
MCDMcDonald's Corporation	0.05%	16,378	$5M	added+1%	0.00 pp	47 q
MRKMerck & Co., Inc.	0.05%	53,900	$5M	added+1%	−0.01 pp	47 q
NEOGNeogen Corp	0.05%	466,808	$6M	added+2%	−0.02 pp	10 q
OSKOshkosh Corp.	0.05%	50,260	$5M	trimmed−0%	0.00 pp	47 q
PANWPalo Alto Networks, Inc.	0.05%	29,356	$5M	trimmed−6%	0.00 pp	8 q
SPYState Street SPDR S&P 500 ETF Trust	0.05%	9,016	$5M	trimmed−4%	0.00 pp	47 q
BRK.ABerkshire Hathaway Inc.	0.04%	6	$4M	held	—	46 q
GLWCorning Incorporated	0.04%	92,270	$4M	trimmed−7%	0.00 pp	47 q
CVXChevron Corporation	0.03%	21,124	$3M	trimmed−3%	0.00 pp	47 q
CTASCintas Corp	0.03%	14,920	$3M	added+3%	0.00 pp	19 q
COPConocoPhillips	0.03%	29,374	$3M	added+11%	0.00 pp	47 q
EXKExact Sciences Corp	0.03%	60,410	$3M	added+38%	0.00 pp	9 q
XOMExxon Mobil Corp	0.03%	32,289	$3M	trimmed−1%	−0.01 pp	47 q
IVViShares Core S&P 500 ETF	0.03%	4,651	$3M	trimmed−5%	0.00 pp	47 q
PIIPolaris Inc.	0.03%	56,751	$3M	trimmed−28%	−0.03 pp	16 q
ALRSAlerus Financial Corporation	0.02%	97,674	$2M	trimmed−0%	0.00 pp	13 q
BDXBecton, Dickinson and Co.	0.02%	7,626	$2M	trimmed−2%	0.00 pp	47 q
CVRXCVRx, Inc.	0.02%	144,281	$2M	trimmed−0%	+0.01 pp	13 q
CWANClearwater Analytics Hds-a	0.02%	58,840	$2M	new	+0.02 pp	new
COSTCostco Wholesale Corp	0.02%	2,739	$3M	trimmed−12%	−0.01 pp	47 q
HWKNHawkins Inc	0.02%	13,320	$2M	held	—	47 q
LTHLife Time Group Holdings, Inc.	0.02%	111,220	$2M	added+67%	0.00 pp	2 q
LOWLowe's Companies Inc.	0.02%	6,880	$2M	held	—	47 q
ORCLOracle Corp	0.02%	13,530	$2M	added+6%	0.00 pp	47 q
PFEPfizer Inc.	0.02%	79,302	$2M	trimmed−23%	−0.01 pp	47 q
SKYTSkyWater Technology	0.02%	141,170	$2M	trimmed−16%	+0.01 pp	15 q
SOLVSolventum Corporation	0.02%	35,373	$2M	trimmed−10%	−0.01 pp	3 q
SYKStryker Corporation	0.02%	5,275	$2M	held	—	10 q
WWDWoodward, Inc.	0.02%	14,000	$2M	held	—	10 q
ZBHZimmer Biomet Holdings, Inc.	0.02%	14,700	$2M	trimmed−6%	0.00 pp	47 q
ADBEAdobe Inc.	0.01%	1,950	$867,126	held	—	37 q
AWKAmerican Water Works Company, Inc	0.01%	5,333	$663,905	held	—	10 q
AMGNAmgen Inc	0.01%	5,607	$1M	trimmed−6%	−0.01 pp	47 q
AMATApplied Materials Inc	0.01%	7,477	$1M	held	—	32 q
BACBank of America Corporation	0.01%	22,592	$992,918	trimmed−4%	0.00 pp	47 q
BMOBank of Montreal	0.01%	6,846	$664,404	trimmed−13%	0.00 pp	10 q
BAXBaxter International Inc.	0.01%	41,123	$1M	trimmed−16%	−0.01 pp	47 q
BSXBoston Scientific Corp.	0.01%	10,311	$920,979	held	—	10 q
BRCBrady Corporation	0.01%	7,000	$516,950	held	—	10 q
BMYBristol-Myers Squibb Co.	0.01%	26,162	$1M	added+1%	0.00 pp	47 q
AVGOBroadcom Inc.	0.01%	3,250	$753,480	trimmed−2%	0.00 pp	5 q
CMCanadian Imperial Bank of Commerce	0.01%	10,176	$643,428	held	—	10 q
CSCOCisco Systems, Inc. (DE)	0.01%	17,889	$1M	added+3%	0.00 pp	47 q
KOCoca-Cola Company	0.01%	20,265	$1M	added+5%	0.00 pp	47 q
CTVACorteva, Inc.	0.01%	9,430	$537,133	new	+0.01 pp	new
DDDuPont de Nemours, Inc.	0.01%	10,699	$815,799	new	+0.01 pp	new
GEGE Aerospace	0.01%	7,940	$1M	added+3%	0.00 pp	10 q
HBANHuntington Bancshares Inc	0.01%	36,128	$587,803	held	—	15 q
IEXIDEX Corporation	0.01%	4,000	$837,160	held	—	10 q
IDXXIdexx Laboratories Inc	0.01%	2,402	$993,083	trimmed−4%	0.00 pp	45 q
QQQInvesco QQQ Trust, Series 1	0.01%	1,822	$931,461	trimmed−5%	0.00 pp	20 q
DVYiShares Select Dividend ETF	0.01%	4,280	$561,926	held	—	6 q
IWFiShares Russell 1000 Growth ETF	0.01%	1,746	$701,159	new	+0.01 pp	new
KMBKimberly-Clark Corp.	0.01%	10,154	$1M	trimmed−6%	0.00 pp	47 q
MAMastercard Incorporated	0.01%	1,014	$533,976	added+7%	+0.01 pp	29 q
MOSThe Mosaic Company	0.01%	30,280	$744,282	trimmed−22%	0.00 pp	10 q
NVECNVE Corp	0.01%	7,300	$594,439	held	—	10 q
NEENextEra Energy, Inc.	0.01%	10,040	$719,768	held	—	47 q
NSCNorfolk Southern Corp.	0.01%	3,047	$715,131	added+2%	0.00 pp	47 q
PDCOPatterson Companies, Inc.	0.01%	17,150	$529,249	trimmed−41%	0.00 pp	47 q
PEPPepsiCo, Inc.	0.01%	7,800	$1M	added+1%	0.00 pp	47 q
PSXPhillips 66	0.01%	8,116	$924,656	added+24%	0.00 pp	47 q
RTXRTX Corporation	0.01%	8,452	$978,065	trimmed−2%	0.00 pp	47 q
MDYState Street SPDR S&P MIDCAP 400 ETF Trust	0.01%	1,035	$589,515	added+24%	+0.01 pp	3 q
SCHFSchwab International Equity ETF	0.01%	30,000	$555,000	held	—	47 q
XLKState Street Technology Select Sector SPDR ETF	0.01%	6,359	$1M	added+4%	0.00 pp	24 q
SNASnap-on Incorporated	0.01%	4,335	$1M	added+2%	0.00 pp	47 q
TMOThermo Fisher Scientific, Inc.	0.01%	1,616	$840,692	trimmed−3%	0.00 pp	44 q
UNPUnion Pacific Corp.	0.01%	5,266	$1M	added+4%	0.00 pp	35 q
VIGVanguard Dividend Appreciation ETF	0.01%	3,605	$705,967	held	—	32 q
VTIVanguard Morningstar Total Stock Market ETF	0.01%	2,585	$749,159	added×3.1	+0.01 pp	4 q
VCELVericel Corporation	0.01%	25,915	$1M	held	—	22 q
WMTWalmart Inc.	0.01%	13,253	$1M	added+2%	0.00 pp	47 q
WYWeyerhaeuser Company	0.01%	36,431	$1M	trimmed−21%	0.00 pp	45 q
AMCRAmcor plc	0.01%	118,090	$1M	trimmed−2%	0.00 pp	23 q
TTTrane Technologies plc	0.01%	1,814	$670,001	trimmed−1%	0.00 pp	8 q
CBChubb Limited	0.01%	2,343	$647,371	held	—	10 q
TAT&T Inc.	0.00%	12,843	$292,435	trimmed−5%	0.00 pp	47 q
AMDAdvanced Micro Devices	0.00%	2,133	$257,645	added+28%	0.00 pp	5 q
APDAir Products & Chemicals, Inc.	0.00%	1,175	$340,797	trimmed−6%	0.00 pp	2 q
AEBAAllete Inc	0.00%	6,768	$438,566	trimmed−30%	−0.01 pp	47 q
ALTRAltair Engineering Inc. Class A	0.00%	4,431	$483,466	trimmed−97%	−0.11 pp	11 q
OKLOOklo Inc.	0.00%	14,410	$305,924	added+3%	0.00 pp	2 q
MOAltria Group, Inc.	0.00%	5,051	$264,119	added0%	0.00 pp	14 q
AMTAmerican Tower Corporation	0.00%	2,020	$370,488	held	—	28 q
ADSKAutodesk Inc	0.00%	800	$236,456	held	—	2 q
AVYAvery Dennison Corp.	0.00%	2,000	$374,260	held	—	2 q
AXGNAxogen, Inc.	0.00%	17,000	$280,160	held	—	22 q
BPBP p.l.c.	0.00%	10,540	$311,562	added+62%	0.00 pp	10 q
BOHBank of Hawaii Corp.	0.00%	4,000	$284,960	held	—	5 q
BABoeing Company	0.00%	2,282	$403,979	added+7%	0.00 pp	47 q
BRBroadridge Financial Solutions Inc	0.00%	1,350	$305,222	held	—	2 q
CARRCarrier Global Corporation	0.00%	3,867	$263,961	held	—	6 q
CMGChipotle Mexican Grill, Inc.	0.00%	3,660	$220,698	held	—	5 q
CLFCleveland-Cliffs Inc.	0.00%	16,000	$150,400	trimmed−16%	0.00 pp	7 q
CLColgate-Palmolive Company	0.00%	2,686	$244,184	held	—	9 q
CMCSAComcast Corp	0.00%	5,392	$202,362	held	—	6 q
DEDeere & Company	0.00%	677	$286,845	trimmed−4%	0.00 pp	18 q
DGIIDigi International Inc	0.00%	9,000	$272,070	held	—	26 q
DFAEDimensional Emerging Core Equity Market ETF	0.00%	12,527	$317,810	new	0.00 pp	new
DOWDow Inc.	0.00%	11,619	$466,270	new	0.00 pp	new
AJGArthur J. Gallagher & Co.	0.00%	1,776	$504,118	added+18%	0.00 pp	2 q
GEVGE Vernova Inc.	0.00%	991	$325,970	added+4%	0.00 pp	3 q
HPQHP Inc.	0.00%	6,593	$215,130	added+11%	0.00 pp	3 q
HOGHarley-Davidson, Inc.	0.00%	7,000	$210,910	held	—	10 q
ITWIllinois Tool Works Inc.	0.00%	1,699	$430,798	held	—	32 q
INTCIntel Corp	0.00%	14,117	$283,046	trimmed−3%	0.00 pp	47 q
IBMInternational Business Machines Corporation	0.00%	1,117	$245,550	added+10%	0.00 pp	2 q
IXNiShares Global Tech ETF	0.00%	3,150	$266,963	held	—	5 q
IJRiShares Core S&P Small-Cap ETF	0.00%	3,008	$346,582	held	—	6 q
LMTLockheed Martin Corp.	0.00%	503	$244,428	trimmed−43%	0.00 pp	8 q
MSAMine Safety Incorporated	0.00%	1,470	$243,682	held	—	7 q
MRSHMarsh	0.00%	1,374	$291,851	held	—	13 q
NKENike, Inc.	0.00%	3,440	$260,305	trimmed−5%	0.00 pp	31 q
NTRSNorthern Trust Corp	0.00%	2,240	$229,600	trimmed−55%	0.00 pp	12 q
OTISOtis Worldwide Corporation	0.00%	2,363	$218,837	added+23%	0.00 pp	2 q
PMPhilip Morris International Inc.	0.00%	3,074	$369,956	added+10%	0.00 pp	47 q
PLUGPlug Power Inc.	0.00%	10,000	$21,300	held	—	4 q
RFRegions Financial Corp.	0.00%	9,740	$229,085	held	—	3 q
RSGRepublic Services Inc.	0.00%	2,100	$422,478	held	—	2 q
ROSTRoss Stores Inc	0.00%	1,513	$228,872	held	—	2 q
SHELShell plc	0.00%	7,504	$470,126	trimmed−35%	−0.01 pp	10 q
SEICSEI Investments Co	0.00%	3,300	$272,184	held	—	5 q
SLBSLB Limited	0.00%	5,500	$210,870	held	—	10 q
SHYFThe Shyft Group, Inc.	0.00%	10,000	$117,400	held	—	17 q
RGRSturm, Ruger & Company, Inc.	0.00%	12,000	$424,440	held	—	10 q
SU6Surmodics Inc	0.00%	7,626	$301,990	held	—	22 q
TJXTJX Companies, Inc. (The)	0.00%	2,841	$343,221	held	—	5 q
TSLATesla, Inc.	0.00%	992	$400,609	new	0.00 pp	new
TTDThe Trade Desk, Inc.	0.00%	2,782	$326,968	new	0.00 pp	new
UFCSUnited Fire Group Inc.	0.00%	14,108	$401,373	held	—	10 q
VONEVanguard Russell 1000 ETF	0.00%	1,437	$383,277	trimmed−28%	0.00 pp	2 q
VOVanguard Morningstar Mid-Cap ETF	0.00%	1,378	$363,971	held	—	3 q
VVVanguard Morningstar Large-Cap ETF	0.00%	821	$221,424	trimmed−1%	0.00 pp	3 q
VUGVanguard Morningstar Growth ETF	0.00%	1,128	$462,976	held	—	8 q
WMWaste Management, Inc.	0.00%	1,038	$209,458	held	—	4 q
ZTSZoetis Inc.	0.00%	1,540	$250,912	held	—	8 q
ALTMArcadium Lithium PLC	0.00%	13,925	$71,435	held	—	4 q
ACNAccenture PLC	0.00%	888	$312,390	added+15%	0.00 pp	18 q
CAHCardinal Health, Inc.	—	−2,197	—	exited	0.00 pp	—
DHRDanaher Corporation	—	−753	—	exited	0.00 pp	—
GPCGenuine Parts Company	—	−1,575	—	exited	0.00 pp	—
EFAiShares MSCI EAFE ETF	—	−2,792	—	exited	0.00 pp	—
IWOiShares Russell 2000 Growth ETF	—	−717	—	exited	0.00 pp	—
MDLZMondelez International, Inc. Class A	—	−3,113	—	exited	0.00 pp	—
NEMNewmont Corporation	—	−5,000	—	exited	0.00 pp	—