Insight into Mairs and Power (Trades, Portfolio)'s Fourth Quarter 2024 Investment Adjustments

Mairs and Power (Trades, Portfolio) recently submitted their 13F filing for the fourth quarter of 2024, offering a glimpse into their strategic investment decisions during this period. Based in Minnesota, Mairs and Power (Trades, Portfolio) manages three mutual funds: the Growth Fund, the Balanced Fund, and the Small-Cap Fund. Since its inception in 1931, the firm has adhered to a focused long-term investing process. Mairs and Power (Trades, Portfolio) prioritize companies with consistent, above-average growth, strong returns on invested capital, and durable competitive advantages. Their low turnover approach allows for well-considered investment decisions, enabling a deep understanding of business strategies and market cycles. By focusing on less efficient market areas, Mairs and Power (Trades, Portfolio) aims to benefit investors who adopt a long-term perspective, contrasting with many active managers and hedge fund managers who focus on short-term catalysts.

Summary of New Buy

Mairs and Power (Trades, Portfolio) added a total of 8 stocks, among them:

• The most significant addition was Clearwater Analytics Holdings Inc (CWAN, Financial), with 58,840 shares, accounting for 0.02% of the portfolio and a total value of $1.62 million.
• The second largest addition to the portfolio was Corteva Inc (CTVA, Financial), consisting of 9,430 shares, representing approximately 0.01% of the portfolio, with a total value of $537,130.
• The third largest addition was DuPont de Nemours Inc (DD, Financial), with 10,699 shares, accounting for 0.01% of the portfolio and a total value of $815,800.

Key Position Increases

Mairs and Power (Trades, Portfolio) also increased stakes in a total of 60 stocks, among them:

• The most notable increase was WEC Energy Group Inc (WEC, Financial), with an additional 759,658 shares, bringing the total to 763,758 shares. This adjustment represents a significant 18,528.24% increase in share count, a 0.69% impact on the current portfolio, with a total value of $71,823,800.
• The second largest increase was The Kraft Heinz Co (KHC, Financial), with an additional 554,492 shares, bringing the total to 1,386,267. This adjustment represents a significant 66.66% increase in share count, with a total value of $42,572,260.

Summary of Sold Out

Mairs and Power (Trades, Portfolio) completely exited 7 holdings in the fourth quarter of 2024, as detailed below:

• iShares MSCI EAFE ETF (EFA, Financial): Mairs and Power (Trades, Portfolio) sold all 2,792 shares, resulting in a -0% impact on the portfolio.
• iShares Russell 2000 Growth ETF (IWO, Financial): Mairs and Power (Trades, Portfolio) liquidated all 717 shares, causing a -0% impact on the portfolio.

Key Position Reduces

Mairs and Power (Trades, Portfolio) also reduced positions in 107 stocks. The most significant changes include:

• Reduced Medtronic PLC (MDT, Financial) by 1,194,109 shares, resulting in a -60.63% decrease in shares and a -1.01% impact on the portfolio. The stock traded at an average price of $86.51 during the quarter and has returned 8.50% over the past 3 months and 15.81% year-to-date.
• Reduced Alphabet Inc (GOOG, Financial) by 566,101 shares, resulting in a -20.63% reduction in shares and a -0.89% impact on the portfolio. The stock traded at an average price of $176.63 during the quarter and has returned 5.60% over the past 3 months and -1.77% year-to-date.

Portfolio Overview

At the end of the fourth quarter of 2024, Mairs and Power (Trades, Portfolio)'s portfolio included 229 stocks. The top holdings included 8.03% in Microsoft Corp (MSFT, Financial), 7.64% in NVIDIA Corp (NVDA, Financial), 5.02% in Amazon.com Inc (AMZN, Financial), 4.25% in UnitedHealth Group Inc (UNH, Financial), and 4.01% in Alphabet Inc (GOOG).

The holdings are mainly concentrated in all 11 industries: Technology, Industrials, Financial Services, Healthcare, Consumer Cyclical, Communication Services, Basic Materials, Utilities, Consumer Defensive, Energy, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.