N-PORT filing recap · June 2026

What did Mairs & Power Fund buy in June 2026?

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

$5.35B

Positions

Estimated turnover

11.1%

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 Arthur J. Gallagher & Co., Cme Group Inc., and Bentley Systems, Incorporated, while exiting Johnson & Johnson, Qualcomm, and Wells Fargo. The fund substantially increased Waste Management, Intuitive Surgical, Sprouts Farmers Market, and Zoetis, and moderately added to Alphabet, Fiserv, and Workiva. Notable trims included UnitedHealth Group, Littelfuse, JPMorgan Chase, and Clearfield.

New positions

AJGArthur J. Gallagher & Co.$56.24Mreported value+245.0K shares CMECme Group Inc.$38.65Mreported value+175.0K shares BSYBentley Systems, Incorporated$16.74Mreported value+560.0K shares

Increased positions

GOOGAlphabet Inc.$270.57Mreported value+90.0K shares+13.3%VVisa Inc.$160.20Mreported value+20.0K shares+4.5%WMWaste Management, Inc$84.69Mreported value+110.0K shares+40.7%FISVFiserv Inc$69.74Mreported value+150.0K shares

Reduced positions

NVDANvidia Corp$519.70Mreported value-20.4K shares-0.8%MSFTMicrosoft Corporation$437.79Mreported value-20.0K shares-1.7%AMZNAmazon.com Inc$379.62Mreported value-30.0K shares-1.8%AAPLApple Inc.$205.57Mreported value-60.0K shares

Exited positions

WFCWells Fargo & Company/mn$30.02Mprior reported value-377.1K shares-100.0%JNJJohnson & Johnson$25.99Mprior reported value-106.3K shares-100.0%QCOMQualcomm Inc/de$24.86Mprior reported value-193.1K shares-100.0%