Andrew R. Adams - Mairs & Power Growth Fund 13F Activity & Position Changes (Q4 2022)

As of Dec 31, 2022, the Mairs & Power Growth Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2023. 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 2022, the filing reported:

New Buys - AMETEK, Inc., Colgate-Palmolive Company, Clearfield, Inc., iShares MSCI EAFE ETF, Exact Sciences Corporation, and 6 more

Increases - AAR Corp., Altair Engineering Inc., Amazon.com, Inc., The AZEK Company Inc., ConocoPhillips, and 27 more

Reductions - Apple Inc., AbbVie Inc., Abbott Laboratories, Adobe Inc., Automatic Data Processing, Inc., and 105 more

Complete Exits - Dominion Energy, Inc., Sony Group Corporation, Superior Industries Internation, Tesla, Inc., Zebra Technologies Corporation

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 2022	AAPL Apple Inc.	Apple Inc.	Sell	-714	-0.5%	$17.78M	136,873
Q4 2022	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-910	-1.7%	$8.57M	53,003
Q4 2022	ABT Abbott Laboratories	Abbott Laboratories	Sell	-106,272	-7.4%	$146.23M	1,331,920
Q4 2022	ADBE Adobe Inc.	Adobe Inc.	Sell	-27	-2.0%	$446.57K	1,327
Q4 2022	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-244	-0.8%	$7.11M	29,768
Q4 2022	AIR AAR Corp.	AAR Corp.	Buy	+1,100	+0.4%	$13.99M	311,629
Q4 2022	ALE Allete, Inc.	Allete, Inc.	Sell	-100	-0.5%	$1.19M	18,471
Q4 2022	ALTR Altair Engineering Inc.	Altair Engineering Inc.	Buy	+15,190	+13.7%	$5.72M	125,715
Q4 2022	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-476	-5.8%	$747.39K	7,675
Q4 2022	AME AMETEK, Inc.	AMETEK, Inc.	Buy - Position Entry	+1,471	-	$205.53K	1,471
Q4 2022	AMGN Amgen Inc.	Amgen Inc.	Sell	-36	-0.4%	$2.34M	8,899
Q4 2022	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+131,213	+5.5%	$211.35M	2,516,070
Q4 2022	ASB Associated Banc-Corp	Associated Banc-Corp	Sell	-2,000	-0.5%	$8.56M	370,597
Q4 2022	AXGN AxoGen, Inc.	AxoGen, Inc.	Sell	-770	-3.1%	$243.81K	24,430
Q4 2022	AXP American Express Company	American Express Company	Sell	-7,569	-2.5%	$42.92M	290,521
Q4 2022	AZEK The AZEK Company Inc.	The AZEK Company Inc.	Buy	+36,830	+11.4%	$7.34M	361,086
Q4 2022	BA Boeing Company (The)	Boeing Company (The)	Sell	-234	-8.2%	$497.18K	2,610
Q4 2022	BAC Bank of America Corporation	Bank of America Corporation	Sell	-295	-1.3%	$718.14K	21,683
Q4 2022	BAX Baxter International Inc.	Baxter International Inc.	Sell	-194,887	-37.5%	$16.53M	324,300
Q4 2022	BKH Black Hills Corporation	Black Hills Corporation	Sell	-18,018	-15.5%	$6.90M	98,072
Q4 2022	BMI Badger Meter, Inc.	Badger Meter, Inc.	Sell	-2,486	-1.5%	$18.33M	168,108
Q4 2022	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-570	-0.7%	$5.69M	79,107
Q4 2022	BP BP p.l.c.	BP p.l.c.	Sell	-2,900	-14.7%	$588.57K	16,850
Q4 2022	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-926	-3.9%	$6.98M	22,607
Q4 2022	CASY Caseys General Stores, Inc.	Caseys General Stores, Inc.	Sell	-8,635	-13.1%	$12.80M	57,053
Q4 2022	CAT Caterpillar, Inc.	Caterpillar, Inc.	Sell	-140	-0.8%	$4.30M	17,955
Q4 2022	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell	-4,835	-3.8%	$16.45M	123,002
Q4 2022	CHRW C.H. Robinson Worldwide, Inc.	C.H. Robinson Worldwide, Inc.	Sell	-4,801	-0.4%	$98.88M	1,079,974
Q4 2022	CL Colgate-Palmolive Company	Colgate-Palmolive Company	Buy - Position Entry	+3,226	-	$254.18K	3,226
Q4 2022	CLFD Clearfield, Inc.	Clearfield, Inc.	Buy - Position Entry	+26,930	-	$2.54M	26,930

Page 1 of 6