Quarterly Portfolio Analysis: Andrew R. Adams' Mairs & Power Growth Fund Shifts Focus Amid Tech and Healthcare Trends

As of December 31, 2025, Andrew R. Adams' portfolio managed by the Mairs & Power Growth Fund held a total value of $10.39 billion, reflecting strategic quarterly adjustments across key sectors.

Technology remained a dominant sector in Adams' portfolio, with significant allocations to Microsoft (MSFT) and NVIDIA (NVDA). The fund increased its stake in Microsoft by approximately 0.39%, indicating continued confidence in the software giant. Conversely, there was a substantial reduction in NVIDIA shares, with a 11.24% decrease in holdings, suggesting a more cautious stance on the semiconductor leader.

In the Consumer Cyclical space, Amazon (AMZN) saw a modest increase in its share count during the quarter. Meanwhile, the fund maintained its position in Alphabet (GOOG), despite a slight reduction in shares.

The Financial Services sector experienced notable divestments, with both JPMorgan Chase (JPM) and Visa (V) seeing reductions in their share counts. UnitedHealth (UNH) also faced significant减持 pressure, with a substantial 22.38% decrease in holdings.

Healthcare allocations featured Eli Lilly (LLY) and GGG Inc., with the former seeing a reduction in position while the latter maintained relatively stable exposure despite minor fluctuations.

Apple Inc. (AAPL) represented another Technology holding with a modest increase in its share count during the quarter. The fund also maintained positions in Industrials through GGG Inc.

For a complete view of Andrew R. Adams' investment profile, visit his profile on Insiderset: https://www.insiderset.com/investor/andrew-r-adams-mairs-and-power. Detailed analysis of each stock holding, including Microsoft (MSFT), NVIDIA (NVDA), Amazon (AMZN), and others, is available at https://www.insiderset.com/investors/stocks.