Andrew R. Adams - Mairs & Power Growth Fund 13F Activity & Position Changes (Q2 2017)

As of Jun 30, 2017, 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 Q2 2017, the filing reported:

New Buys - IPG Photonics Corporation, Nike, Inc., United Bankshares, Inc.

Increases - Apple Inc., Abbott Laboratories, Agree Realty Corporation, Automatic Data Processing, Inc., Allete, Inc., and 70 more

Reductions - AbbVie Inc., Adobe Inc., Amgen Inc., Amazon.com, Inc., Baxter International Inc., and 56 more

Complete Exits - Vanguard Short-Term Bond ETF, Chubb Limited, Nestle S.A., Rockwell Automation, Inc.

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
Q2 2017	AAPL Apple Inc.	Apple Inc.	Buy	+1,242	+7.5%	$2.55K	17,736
Q2 2017	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-1,398	-0.5%	$18.49K	254,944
Q2 2017	ABT Abbott Laboratories	Abbott Laboratories	Buy	+257,647	+6.0%	$220.13K	4,528,554
Q2 2017	ADBE Adobe Inc.	Adobe Inc.	Sell	-208	-8.2%	$331.00	2,342
Q2 2017	ADC Agree Realty Corporation	Agree Realty Corporation	Buy	+28,300	+15.4%	$9.74K	212,399
Q2 2017	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+892	+18.1%	$596.00	5,817
Q2 2017	ALE Allete, Inc.	Allete, Inc.	Buy	+3,378	+0.9%	$28.31K	394,933
Q2 2017	AMGN Amgen Inc.	Amgen Inc.	Sell	-161	-1.8%	$1.50K	8,684
Q2 2017	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-10	-2.1%	$460.00	475
Q2 2017	APOG Apogee Enterprises, Inc.	Apogee Enterprises, Inc.	Buy	+33,700	+13.2%	$16.39K	288,330
Q2 2017	ASB Associated Banc-Corp	Associated Banc-Corp	Buy	+34,057	+1.1%	$82.11K	3,258,462
Q2 2017	AXP American Express Company	American Express Company	Buy	+81,297	+7.1%	$102.73K	1,219,552
Q2 2017	BA Boeing Company (The)	Boeing Company (The)	Buy	+50	+2.3%	$441.00	2,230
Q2 2017	BAC Bank of America Corporation	Bank of America Corporation	Buy	+1,083	+8.4%	$340.00	14,025
Q2 2017	BAX Baxter International Inc.	Baxter International Inc.	Sell	-160,778	-9.9%	$89.06K	1,471,022
Q2 2017	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-284	-6.1%	$850.00	4,356
Q2 2017	BIIB Biogen Inc.	Biogen Inc.	Buy	+28	+2.7%	$286.00	1,053
Q2 2017	BKH Black Hills Corporation	Black Hills Corporation	Buy	+12,000	+9.0%	$9.84K	145,770
Q2 2017	BMI Badger Meter, Inc.	Badger Meter, Inc.	Sell	-11,622	-0.5%	$85.51K	2,145,737
Q2 2017	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-1,237	-0.4%	$19.11K	343,043
Q2 2017	BP BP p.l.c.	BP p.l.c.	Sell	-4,035	-10.5%	$1.19K	34,393
Q2 2017	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+570	+4.1%	$2.46K	14,544
Q2 2017	BSV Vanguard Short-Term Bond ETF	Vanguard Short-Term Bond ETF	Sell - Position Exit	-3,500	-100.0%	$0.00	-
Q2 2017	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Buy	+453	+15.2%	$268.00	3,434
Q2 2017	CASY Caseys General Stores, Inc.	Caseys General Stores, Inc.	Buy	+13,920	+13.7%	$12.40K	115,800
Q2 2017	CAT Caterpillar, Inc.	Caterpillar, Inc.	Sell	-400	-5.2%	$791.00	7,362
Q2 2017	CB Chubb Limited	Chubb Limited	Sell - Position Exit	-1,862	-100.0%	$0.00	-
Q2 2017	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Buy	+300	+0.2%	$12.62K	134,370
Q2 2017	CHRW C.H. Robinson Worldwide, Inc.	C.H. Robinson Worldwide, Inc.	Buy	+84,951	+4.3%	$142.25K	2,071,238
Q2 2017	CL Colgate-Palmolive Company	Colgate-Palmolive Company	Sell	-2,550	-21.4%	$693.00	9,349

Page 1 of 5