Andrew R. Adams - Mairs & Power Growth Fund 13F Activity & Position Changes (Q4 2016)

As of Dec 31, 2016, 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 Q4 2016, the filing reported:

New Buys - Comcast Corporation

Increases - Abbott Laboratories, Adobe Inc., Allete, Inc., Amazon.com, Inc., Apogee Enterprises, Inc., and 59 more

Reductions - Apple Inc., AbbVie Inc., Agree Realty Corporation, Automatic Data Processing, Inc., Associated Banc-Corp, and 50 more

Complete Exits - British American Tobacco Indus, Illinois Tool Works Inc., SPDR S&P MidCap 400 ETF Trust, Rockwell Automation, Inc., Surmodics, Inc., and 1 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
Q4 2016	AAPL Apple Inc.	Apple Inc.	Sell	-41	-0.3%	$1.76K	15,196
Q4 2016	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-2,088	-0.8%	$16.55K	264,365
Q4 2016	ABT Abbott Laboratories	Abbott Laboratories	Buy	+243,474	+22.3%	$51.20K	1,333,036
Q4 2016	ADBE Adobe Inc.	Adobe Inc.	Buy	+17	+0.8%	$226.00	2,192
Q4 2016	ADC Agree Realty Corporation	Agree Realty Corporation	Sell	-950	-0.7%	$6.61K	143,619
Q4 2016	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-900	-16.7%	$463.00	4,502
Q4 2016	ALE Allete, Inc.	Allete, Inc.	Buy	+17,810	+4.9%	$24.40K	380,100
Q4 2016	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+61	+15.9%	$334.00	445
Q4 2016	APOG Apogee Enterprises, Inc.	Apogee Enterprises, Inc.	Buy	+25,330	+11.2%	$13.45K	251,030
Q4 2016	ASB Associated Banc-Corp	Associated Banc-Corp	Sell	-124,254	-3.6%	$81.10K	3,283,345
Q4 2016	AXP American Express Company	American Express Company	Buy	+1,680	+0.2%	$78.91K	1,065,175
Q4 2016	BA Boeing Company (The)	Boeing Company (The)	Sell	-1,810	-45.4%	$339.00	2,180
Q4 2016	BAC Bank of America Corporation	Bank of America Corporation	Sell	-122	-0.9%	$286.00	12,942
Q4 2016	BAX Baxter International Inc.	Baxter International Inc.	Sell	-151,163	-7.9%	$77.71K	1,752,525
Q4 2016	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-600	-11.2%	$791.00	4,778
Q4 2016	BMI Badger Meter, Inc.	Badger Meter, Inc.	Buy	+37,530	+1.8%	$77.97K	2,110,094
Q4 2016	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+10,000	+3.0%	$19.92K	340,822
Q4 2016	BP BP p.l.c.	BP p.l.c.	Sell	-2,681	-5.3%	$1.79K	47,836
Q4 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+625	+4.8%	$2.25K	13,774
Q4 2016	BTI British American Tobacco Indus	British American Tobacco Indus	Sell - Position Exit	-1,977	-100.0%	$0.00	-
Q4 2016	CASY Caseys General Stores, Inc.	Caseys General Stores, Inc.	Buy	+10,880	+14.6%	$10.16K	85,450
Q4 2016	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Buy	+10,040	+9.5%	$10.26K	116,240
Q4 2016	CHRW C.H. Robinson Worldwide, Inc.	C.H. Robinson Worldwide, Inc.	Buy	+21,837	+1.1%	$148.79K	2,030,947
Q4 2016	CL Colgate-Palmolive Company	Colgate-Palmolive Company	Sell	-1,700	-12.1%	$808.00	12,341
Q4 2016	CMCSA Comcast Corporation	Comcast Corporation	Buy - Position Entry	+3,017	-	$208.00	3,017
Q4 2016	COP ConocoPhillips	ConocoPhillips	Sell	-55,364	-18.6%	$12.14K	242,231
Q4 2016	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy	+26	+0.8%	$523.00	3,265
Q4 2016	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Buy	+1,086	+4.0%	$853.00	28,233
Q4 2016	CVS CVS Health Corporation	CVS Health Corporation	Sell	-70	-2.4%	$227.00	2,879
Q4 2016	CVX Chevron Corporation	Chevron Corporation	Sell	-4,172	-1.0%	$46.54K	395,383

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