Andrew R. Adams - Mairs & Power Growth Fund 13F Activity & Position Changes (Q1 2026)

According to the SEC 13F filed on May 14, 2026, the Mairs & Power Growth Fund portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2026. 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 2026, the filing reported:

New Buys - Analog Devices, Inc., APi Group Corporation, SPDR Gold Trust, SPDR S&P MidCap 400 ETF Trust, Micron Technology, Inc., and 13 more

Increases - Trust for Professional, Abbott Laboratories, Accenture plc, Automatic Data Processing, Inc., Ameriprise Financial, Inc., and 56 more

Reductions - Apple Inc., AbbVie Inc., iShares MSCI ACWI ex U.S. ETF, AAR Corp., Advanced Micro Devices, Inc., and 101 more

Complete Exits - Autodesk, Inc., BlackRock, Inc., CVRx, Inc., Clearwater Analytics Holdings, , Eaton, and 15 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 2026	89834G836 Trust for Professional	Trust for Professional	Buy	+86,129	+26.5%	$9.09M	410,865
Q1 2026	AAPL Apple Inc.	Apple Inc.	Sell	-9,088	-0.7%	$306.68M	1,208,398
Q1 2026	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-1,139	-2.5%	$9.86M	45,317
Q1 2026	ABT Abbott Laboratories	Abbott Laboratories	Buy	+13,697	+1.9%	$74.11M	721,778
Q1 2026	ACN Accenture plc	Accenture plc	Buy	+45	+3.8%	$243.70K	1,229
Q1 2026	ACWX iShares MSCI ACWI ex U.S. ETF	iShares MSCI ACWI ex U.S. ETF	Sell	-2,200	-22.6%	$516.95K	7,550
Q1 2026	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy - Position Entry	+648	-	$206.16K	648
Q1 2026	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+13,655	+12.3%	$25.28M	124,436
Q1 2026	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell - Position Exit	-801	-100.0%	$0.00	-
Q1 2026	AIR AAR Corp.	AAR Corp.	Sell	-22,785	-20.3%	$9.78M	89,391
Q1 2026	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Sell	-83	-4.1%	$392.62K	1,930
Q1 2026	AMGN Amgen Inc.	Amgen Inc.	Sell	-560	-10.1%	$1.75M	4,964
Q1 2026	AMP Ameriprise Financial, Inc.	Ameriprise Financial, Inc.	Buy	+154,436	+362.4%	$87.57M	197,047
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+10,144	+0.4%	$542.11M	2,602,912
Q1 2026	APG APi Group Corporation	APi Group Corporation	Buy - Position Entry	+57,969	-	$2.35M	57,969
Q1 2026	ASB Associated Banc-Corp	Associated Banc-Corp	Buy	+9,761	+3.8%	$6.98M	270,040
Q1 2026	AVGO Broadcom Inc.	Broadcom Inc.	Buy	+210	+6.3%	$1.09M	3,533
Q1 2026	AWK American Water Works Company, I	American Water Works Company, I	Sell	-21	-0.4%	$683.85K	5,025
Q1 2026	AXP American Express Company	American Express Company	Sell	-10,638	-6.7%	$45.02M	148,821
Q1 2026	BA Boeing Company (The)	Boeing Company (The)	Buy	+327	+14.4%	$516.88K	2,597
Q1 2026	BAC Bank of America Corporation	Bank of America Corporation	Sell	-786	-3.5%	$1.06M	21,707
Q1 2026	BAX Baxter International Inc.	Baxter International Inc.	Sell	-2,013	-8.2%	$378.72K	22,543
Q1 2026	BBY Best Buy Co., Inc.	Best Buy Co., Inc.	Sell	-762	-11.4%	$378.46K	5,895
Q1 2026	BIL SPDR Bloomberg 1-3 Month T-Bill	SPDR Bloomberg 1-3 Month T-Bill	Buy	+547	+8.5%	$640.11K	6,985
Q1 2026	BKH Black Hills Corporation	Black Hills Corporation	Buy	+4,147	+4.4%	$6.82M	98,285
Q1 2026	BLK BlackRock, Inc.	BlackRock, Inc.	Sell - Position Exit	-190	-100.0%	$0.00	-
Q1 2026	BMI Badger Meter, Inc.	Badger Meter, Inc.	Buy	+2,002	+1.9%	$15.97M	104,815
Q1 2026	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-738	-3.0%	$1.47M	24,200
Q1 2026	BP BP p.l.c.	BP p.l.c.	Sell	-890	-13.7%	$263.67K	5,610
Q1 2026	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-928	-3.7%	$11.47M	23,929

Page 1 of 7