Andrew R. Adams - Mairs & Power Growth Fund 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Nov 14, 2025, the Mairs & Power Growth Fund portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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 Q3 2025, the filing reported:

New Buys - iShares MSCI ACWI ex U.S. ETF, BlackRock, BP p.l.c., Comcast Corporation, Cummins Inc., and 17 more

Increases - Trust for Professional, Apple Inc., AbbVie Inc., Automatic Data Processing, Inc., Advanced Micro Devices, Inc., and 60 more

Reductions - Abbott Laboratories, Accenture plc, Adobe Inc., AAR Corp., Allete, Inc., and 109 more

Complete Exits - The AZEK Company Inc., Colgate-Palmolive Company, Chipotle Mexican Grill, Inc., Dimensional Emerging Core Equit, iShares Select Dividend ETF, and 6 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
Q3 2025	89834G836 Trust for Professional	Trust for Professional	Buy	+23,000	+11.2%	$5.10M	229,186
Q3 2025	AAPL Apple Inc.	Apple Inc.	Buy	+40,175	+3.5%	$301.16M	1,182,743
Q3 2025	ABBV AbbVie Inc.	AbbVie Inc.	Buy	+348	+0.7%	$10.98M	47,421
Q3 2025	ABT Abbott Laboratories	Abbott Laboratories	Sell	-179,057	-19.9%	$96.82M	722,884
Q3 2025	ACN Accenture plc	Accenture plc	Sell	-166	-11.1%	$328.47K	1,332
Q3 2025	ACWX iShares MSCI ACWI ex U.S. ETF	iShares MSCI ACWI ex U.S. ETF	Buy - Position Entry	+2,877	-	$715.11K	2,877
Q3 2025	ADBE Adobe Inc.	Adobe Inc.	Sell	-98	-4.6%	$715.73K	2,029
Q3 2025	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+3,724	+3.7%	$30.85M	105,107
Q3 2025	AIR AAR Corp.	AAR Corp.	Sell	-28,374	-18.2%	$11.45M	127,702
Q3 2025	ALE Allete, Inc.	Allete, Inc.	Sell	-1,000	-23.3%	$218.32K	3,288
Q3 2025	ALRS Alerus Financial Corporation	Alerus Financial Corporation	Sell	-11,044	-11.3%	$1.92M	86,823
Q3 2025	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Buy	+823	+46.4%	$420.01K	2,596
Q3 2025	AMGN Amgen Inc.	Amgen Inc.	Sell	-171	-2.9%	$1.60M	5,667
Q3 2025	AMP Ameriprise Financial, Inc.	Ameriprise Financial, Inc.	Buy	+6,698	+23.9%	$17.05M	34,706
Q3 2025	AMT American Tower Corporation (REI	American Tower Corporation (REI	Buy	+971	+47.1%	$582.92K	3,031
Q3 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+63,041	+2.5%	$561.20M	2,555,902
Q3 2025	ASB Associated Banc-Corp	Associated Banc-Corp	Sell	-25,919	-8.7%	$6.99M	272,016
Q3 2025	AVGO Broadcom Inc.	Broadcom Inc.	Buy	+719	+22.5%	$1.29M	3,920
Q3 2025	AWK American Water Works Company, I	American Water Works Company, I	Sell	-37	-0.7%	$721.56K	5,184
Q3 2025	AXGN AxoGen, Inc.	AxoGen, Inc.	Sell	-5,000	-18.5%	$392.48K	22,000
Q3 2025	AXP American Express Company	American Express Company	Sell	-19,957	-10.5%	$56.48M	170,031
Q3 2025	AZEK The AZEK Company Inc.	The AZEK Company Inc.	Sell - Position Exit	-23,927	-100.0%	$0.00	-
Q3 2025	BA Boeing Company (The)	Boeing Company (The)	Sell	-39	-1.6%	$508.06K	2,354
Q3 2025	BAC Bank of America Corporation	Bank of America Corporation	Buy	+4,634	+22.8%	$1.29M	24,976
Q3 2025	BAX Baxter International Inc.	Baxter International Inc.	Sell	-1,600	-5.1%	$679.02K	29,821
Q3 2025	BBY Best Buy Co., Inc.	Best Buy Co., Inc.	Sell	-68,264	-87.2%	$756.35K	10,002
Q3 2025	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-36	-0.5%	$1.33M	7,119
Q3 2025	BIL SPDR Bloomberg 1-3 Month T-Bill	SPDR Bloomberg 1-3 Month T-Bill	Buy	+651	+26.8%	$282.77K	3,082
Q3 2025	BKH Black Hills Corporation	Black Hills Corporation	Sell	-11,749	-10.7%	$6.01M	97,649
Q3 2025	BLK BlackRock	BlackRock	Buy - Position Entry	+331	-	$385.90K	331

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