Andrew R. Adams - Mairs & Power Growth Fund 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Mairs & Power Growth Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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 Q1 2025, the filing reported:

New Buys - Cognex Corporation, Danaher Corporation, iShares MSCI EAFE ETF, Himax Technologies, Inc., Newmont Corporation, and 3 more

Increases - Apple Inc., Accenture plc, Adobe Inc., Amazon.com, Inc., Broadcom Inc., and 49 more

Reductions - AbbVie Inc., Abbott Laboratories, Automatic Data Processing, Inc., AAR Corp., Arthur J. Gallagher & Co., and 113 more

Complete Exits - Altair Engineering Inc., Air Products and Chemicals, Inc, Avery Dennison Corporation, Broadridge Financial Solutions,, Colgate-Palmolive Company, and 10 more

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

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	AAPL Apple Inc.	Apple Inc.	Buy	+2,006	+0.1%	$301.12M	1,355,592
Q1 2025	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-3,808	-8.3%	$8.79M	41,962
Q1 2025	ABT Abbott Laboratories	Abbott Laboratories	Sell	-59,927	-5.6%	$134.90M	1,016,988
Q1 2025	ACN Accenture plc	Accenture plc	Buy	+119	+13.4%	$314.22K	1,007
Q1 2025	ADBE Adobe Inc.	Adobe Inc.	Buy	+113	+5.8%	$791.22K	2,063
Q1 2025	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-254	-0.2%	$33.05M	108,160
Q1 2025	AIR AAR Corp.	AAR Corp.	Sell	-7,917	-4.2%	$10.08M	180,032
Q1 2025	AJG Arthur J. Gallagher & Co.	Arthur J. Gallagher & Co.	Sell	-976	-55.0%	$276.19K	800
Q1 2025	ALE Allete, Inc.	Allete, Inc.	Sell	-1,830	-27.0%	$324.43K	4,938
Q1 2025	ALRS Alerus Financial Corporation	Alerus Financial Corporation	Sell	-10	-0.0%	$1.80M	97,664
Q1 2025	ALTR Altair Engineering Inc.	Altair Engineering Inc.	Sell - Position Exit	-4,431	-100.0%	$0.00	-
Q1 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-100	-1.3%	$1.07M	7,377
Q1 2025	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Sell	-95	-4.5%	$209.38K	2,038
Q1 2025	AMGN Amgen Inc.	Amgen Inc.	Sell	-646	-11.5%	$1.55M	4,961
Q1 2025	AMP Ameriprise Financial, Inc.	Ameriprise Financial, Inc.	Sell	-528	-1.9%	$13.38M	27,633
Q1 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+34,129	+1.4%	$456.17M	2,397,617
Q1 2025	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell - Position Exit	-1,175	-100.0%	$0.00	-
Q1 2025	ASB Associated Banc-Corp	Associated Banc-Corp	Sell	-32,861	-9.0%	$7.52M	333,716
Q1 2025	AVGO Broadcom Inc.	Broadcom Inc.	Buy	+130	+4.0%	$565.91K	3,380
Q1 2025	AVY Avery Dennison Corporation	Avery Dennison Corporation	Sell - Position Exit	-2,000	-100.0%	$0.00	-
Q1 2025	AWK American Water Works Company, I	American Water Works Company, I	Sell	-224	-4.2%	$753.68K	5,109
Q1 2025	AXP American Express Company	American Express Company	Sell	-17,673	-8.4%	$51.96M	193,117
Q1 2025	AZEK The AZEK Company Inc.	The AZEK Company Inc.	Sell	-32,489	-11.4%	$12.32M	252,086
Q1 2025	BA Boeing Company (The)	Boeing Company (The)	Buy	+171	+7.5%	$418.42K	2,453
Q1 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-250	-1.1%	$932.33K	22,342
Q1 2025	BAX Baxter International Inc.	Baxter International Inc.	Sell	-10,677	-26.0%	$1.04M	30,446
Q1 2025	BBY Best Buy Co., Inc.	Best Buy Co., Inc.	Buy	+4,984	+0.7%	$55.28M	751,028
Q1 2025	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-406	-5.3%	$1.65M	7,220
Q1 2025	BKH Black Hills Corporation	Black Hills Corporation	Sell	-15,395	-11.0%	$7.58M	124,950
Q1 2025	BMI Badger Meter, Inc.	Badger Meter, Inc.	Sell	-6,011	-4.9%	$22.05M	115,890

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