N-PORT filing recap · December 2025

What did Mairs & Power Fund buy in December 2025?

Reported stock-position changes between this filing and the previous one. These are Mairs & Power Fund's own holdings, not the firm's.

Stock value

$5.40B

Positions

Estimated turnover

9.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Period in review

Mairs & Power Fund opened new positions in Intuitive Surgical and Zoetis. It trimmed Nvidia and UnitedHealth Group, while adding to Meta Platforms and Motorola. The fund substantially reduced Wells Fargo and Kraft Heinz, and dramatically increased its stakes in Palo Alto Networks and Cognex.

New positions

ISRGIntuitive Surgical, Inc.$28.32Mreported value+50.0K shares ZTSZoetis Inc.$22.65Mreported value+180.0K shares

Increased positions

AAPLApple Inc.$215.80Mreported value+30.0K shares+3.9%METAMeta Platforms, Inc.$161.72Mreported value+45.0K shares+22.5%WECWec Energy Group, Inc.$131.88Mreported value+20.0K shares+1.6%MSIMotorola, Inc.$126.88Mreported value+42.5K shares

Reduced positions

NVDANvidia Corp$520.12Mreported value-534.0K shares-16.1%JPMJPMorgan Chase & Co$282.91Mreported value-75.0K shares-7.9%UNHUnitedHealth Group Incorporated$166.24Mreported value-205.0K shares-28.9%ROKRockwell Automation, Inc.$70.03Mreported value-70.0K shares