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

As of Mar 31, 2026, the Mairs & Power Growth Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 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