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.
Mairs and Power (Trades, Portfolio) added a total of 8 stocks, among them:
Mairs and Power (Trades, Portfolio) also increased stakes in a total of 60 stocks, among them:
Mairs and Power (Trades, Portfolio) completely exited 7 holdings in the fourth quarter of 2024, as detailed below:
Mairs and Power (Trades, Portfolio) also reduced positions in 107 stocks. The most significant changes include:
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.
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