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

As of Sep 30, 2025, the Mairs & Power Growth Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 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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