Andrew R. Adams – Mairs & Power Growth Fund Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Mairs & Power Growth Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – IDACORP, Inc. (IDA), Trust for Professional (89834G836), RadNet, Inc. (RDNT), NeoGenomics, Inc. (NEO), iShares iBonds Dec 2026 Term Tr (IBTG), and 18 more

Increases – Fastenal Company (FAST), Meta Platforms, Inc. (META), Entegris, Inc. (ENTG), UnitedHealth Group Incorporated (UNH), 3M Company (MMM), and 96 more

Reductions – Berkshire Hathaway Inc. (BRK-A), Vanguard Large-Cap ETF (VV), MSA Safety Incorporated (MSA), Waste Management, Inc. (WM), Arthur J. Gallagher & Co. (AJG), and 80 more

Complete Exits – Vanguard Total Stock Market ETF (VTI), Schlumberger N.V. (SLB), Surmodics, Inc. (SRDX), Corteva, Inc. (CTVA), Patterson Companies, Inc. (PDCO), and 4 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Mairs & Power Growth Fund Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2023Mar 31, 2023	XEL Xcel Energy Inc.	Xcel Energy Inc.	Sell	-1,270-0.5%	$18.77M	278,370
Q1 2023Mar 31, 2023	MSA MSA Safety Incorporated	MSA Safety Incorporated	Sell - Position Exit	-1,470-100.0%	$0.00	-
Q1 2023Mar 31, 2023	SLB Schlumberger N.V.	Schlumberger N.V.	Sell	-1,725-8.4%	$921.85K	18,775
Q1 2023Mar 31, 2023	COP ConocoPhillips	ConocoPhillips	Sell	-1,920-6.6%	$2.68M	27,030
Q1 2023Mar 31, 2023	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-1,981-8.8%	$1.07M	20,431
Q1 2023Mar 31, 2023	KMB Kimberly-Clark Corporation	Kimberly-Clark Corporation	Sell	-2,003-10.4%	$2.31M	17,231
Q1 2023Mar 31, 2023	AXGN AxoGen, Inc.	AxoGen, Inc.	Sell	-2,430-9.9%	$207.90K	22,000
Q1 2023Mar 31, 2023	WK Workiva Inc.	Workiva Inc.	Sell	-2,629-0.3%	$86.99M	849,391
Q1 2023Mar 31, 2023	CEG Constellation Energy Corporatio	Constellation Energy Corporatio	Sell - Position Exit	-2,866-100.0%	$0.00	-
Q1 2023Mar 31, 2023	PLXS Plexus Corp.	Plexus Corp.	Sell	-2,875-3.0%	$9.22M	94,452
Q1 2023Mar 31, 2023	BMI Badger Meter, Inc.	Badger Meter, Inc.	Sell	-2,875-1.7%	$20.13M	165,233
Q1 2023Mar 31, 2023	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Sell - Position Exit	-3,156-100.0%	$0.00	-
Q1 2023Mar 31, 2023	ZBH Zimmer Biomet Holdings, Inc.	Zimmer Biomet Holdings, Inc.	Sell	-3,405-11.4%	$3.42M	26,481
Q1 2023Mar 31, 2023	V Visa Inc.	Visa Inc.	Sell	-3,499-0.6%	$141.85M	629,139
Q1 2023Mar 31, 2023	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-3,524-0.2%	$220.41M	1,422,013
Q1 2023Mar 31, 2023	CVX Chevron Corporation	Chevron Corporation	Sell	-3,619-10.3%	$5.15M	31,550
Q1 2023Mar 31, 2023	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell	-4,095-3.3%	$12.53M	118,907
Q1 2023Mar 31, 2023	MUR Murphy Oil Corporation	Murphy Oil Corporation	Sell - Position Exit	-5,000-100.0%	$0.00	-
Q1 2023Mar 31, 2023	PII Polaris Inc.	Polaris Inc.	Sell	-6,178-1.6%	$42.72M	386,145
Q1 2023Mar 31, 2023	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell	-6,229-8.5%	$7.15M	67,237
Q1 2023Mar 31, 2023	TRV The Travelers Companies, Inc.	The Travelers Companies, Inc.	Sell	-6,283-6.6%	$15.19M	88,593
Q1 2023Mar 31, 2023	GM General Motors Company	General Motors Company	Sell - Position Exit	-7,179-100.0%	$0.00	-
Q1 2023Mar 31, 2023	NEOG Neogen Corporation	Neogen Corporation	Sell	-7,724-5.3%	$2.57M	139,013
Q1 2023Mar 31, 2023	G0250X107 Amcor	Amcor	Sell	-8,515-3.6%	$2.56M	224,784
Q1 2023Mar 31, 2023	ELAN Elanco Animal Health Incorporat	Elanco Animal Health Incorporat	Sell	-8,640-3.9%	$2.02M	214,726
Q1 2023Mar 31, 2023	H8817H100 Transocean	Transocean	Sell - Position Exit	-10,000-100.0%	$0.00	-
Q1 2023Mar 31, 2023	NNDM Nano Dimension Ltd.	Nano Dimension Ltd.	Sell - Position Exit	-10,000-100.0%	$0.00	-
Q1 2023Mar 31, 2023	BCS Barclays PLC	Barclays PLC	Sell	-10,000-33.3%	$143.80K	20,000
Q1 2023Mar 31, 2023	CSX CSX Corporation	CSX Corporation	Sell - Position Exit	-10,087-100.0%	$0.00	-
Q1 2023Mar 31, 2023	EMR Emerson Electric Company	Emerson Electric Company	Sell	-10,650-10.5%	$7.92M	90,865

Page 64 of 259 • 7760 total trades

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