Andrew R. Adams - Mairs & Power Growth Fund 13F Activity & Position Changes (Q4 2021)

According to the SEC 13F filed on Feb 14, 2022, the Mairs & Power Growth Fund portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2021. 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 2021, the filing reported:

New Buys - Alerus Financial Corporation, Broadcom Inc., Colgate-Palmolive Company, Salesforce, Inc., CVRx, Inc., and 11 more

Increases - Apple Inc., AbbVie Inc., Automatic Data Processing, Inc., Amazon.com, Inc., The AZEK Company Inc., and 58 more

Reductions - Abbott Laboratories, AAR Corp., Allete, Inc., Applied Materials, Inc., AMETEK, Inc., and 97 more

Complete Exits - BP p.l.c., Exelon Corporation, MDU Resources Group, Inc., Microvast Holdings, Inc., Block, 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 2021	AAPL Apple Inc.	Apple Inc.	Buy	+290	+0.2%	$24.36K	137,187
Q4 2021	ABBV AbbVie Inc.	AbbVie Inc.	Buy	+1,716	+3.4%	$7.09K	52,394
Q4 2021	ABT Abbott Laboratories	Abbott Laboratories	Sell	-9,087	-0.6%	$211.05K	1,499,599
Q4 2021	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+200	+1.1%	$4.70K	19,077
Q4 2021	AIR AAR Corp.	AAR Corp.	Sell	-297	-0.1%	$14.88K	381,272
Q4 2021	ALE Allete, Inc.	Allete, Inc.	Sell	-2,909	-12.6%	$1.33K	20,088
Q4 2021	ALRS Alerus Financial Corporation	Alerus Financial Corporation	Buy - Position Entry	+58,100	-	$1.70K	58,100
Q4 2021	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-3,802	-69.4%	$264.00	1,675
Q4 2021	AME AMETEK, Inc.	AMETEK, Inc.	Sell	-940	-39.0%	$216.00	1,471
Q4 2021	AMGN Amgen Inc.	Amgen Inc.	Sell	-63	-0.7%	$1.93K	8,567
Q4 2021	AMP Ameriprise Financial, Inc.	Ameriprise Financial, Inc.	Sell	-187	-7.9%	$656.00	2,175
Q4 2021	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+8,496	+7.9%	$385.45K	115,601
Q4 2021	ASB Associated Banc-Corp	Associated Banc-Corp	Sell	-29	-0.0%	$7.80K	345,524
Q4 2021	AVGO Broadcom Inc.	Broadcom Inc.	Buy - Position Entry	+325	-	$216.00	325
Q4 2021	AXP American Express Company	American Express Company	Sell	-226,779	-36.3%	$64.97K	397,127
Q4 2021	AZEK The AZEK Company Inc.	The AZEK Company Inc.	Buy	+83,400	+75.1%	$8.99K	194,426
Q4 2021	BA Boeing Company (The)	Boeing Company (The)	Sell	-581	-16.5%	$593.00	2,944
Q4 2021	BAC Bank of America Corporation	Bank of America Corporation	Buy	+161	+1.2%	$601.00	13,516
Q4 2021	BAX Baxter International Inc.	Baxter International Inc.	Sell	-59,496	-10.3%	$44.33K	516,468
Q4 2021	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell	-33	-0.8%	$968.00	3,851
Q4 2021	BKH Black Hills Corporation	Black Hills Corporation	Sell	-13,575	-9.6%	$8.97K	127,146
Q4 2021	BMI Badger Meter, Inc.	Badger Meter, Inc.	Sell	-8,618	-4.3%	$20.42K	191,638
Q4 2021	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-6,666	-8.6%	$4.39K	70,439
Q4 2021	BP BP p.l.c.	BP p.l.c.	Sell - Position Exit	-7,526	-100.0%	$0.00	-
Q4 2021	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-286	-1.2%	$7.09K	23,712
Q4 2021	BX Blackstone Inc.	Blackstone Inc.	Sell	-1,673	-40.8%	$314.00	2,427
Q4 2021	CARR Carrier Global Corporation	Carrier Global Corporation	Sell	-439	-7.7%	$285.00	5,261
Q4 2021	CASY Caseys General Stores, Inc.	Caseys General Stores, Inc.	Buy	+4,233	+6.4%	$13.83K	70,068
Q4 2021	CAT Caterpillar, Inc.	Caterpillar, Inc.	Buy	+498	+7.3%	$1.51K	7,320
Q4 2021	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell	-8,044	-5.3%	$18.14K	143,868

Page 1 of 7