Andrew R. Adams – Mairs & Power Growth Fund Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Mairs & Power Growth Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 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 Q2 2025, the filing reported:

New Buys – IDACORP, Inc. (IDA), Trust for Professional (89834G836), RadNet, Inc. (RDNT), NeoGenomics, Inc. (NEO), iShares iBonds Dec 2026 Term Tr (IBTG), and 18 more

Increases – Fastenal Company (FAST), Meta Platforms, Inc. (META), Entegris, Inc. (ENTG), UnitedHealth Group Incorporated (UNH), 3M Company (MMM), and 96 more

Reductions – Berkshire Hathaway Inc. (BRK-A), Vanguard Large-Cap ETF (VV), MSA Safety Incorporated (MSA), Waste Management, Inc. (WM), Arthur J. Gallagher & Co. (AJG), and 80 more

Complete Exits – Vanguard Total Stock Market ETF (VTI), Schlumberger N.V. (SLB), Surmodics, Inc. (SRDX), Corteva, Inc. (CTVA), Patterson Companies, Inc. (PDCO), and 4 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Mairs & Power Growth Fund Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2025Mar 31, 2025	VUG Vanguard Growth ETF	Vanguard Growth ETF	Buy	+120+10.6%	$462.78K	1,248
Q1 2025Mar 31, 2025	ACN Accenture plc	Accenture plc	Buy	+119+13.4%	$314.22K	1,007
Q1 2025Mar 31, 2025	ADBE Adobe Inc.	Adobe Inc.	Buy	+113+5.8%	$791.22K	2,063
Q1 2025Mar 31, 2025	WM Waste Management, Inc.	Waste Management, Inc.	Buy	+90+8.7%	$261.14K	1,128
Q1 2025Mar 31, 2025	KNF Knife Riv Holding Co.	Knife Riv Holding Co.	Buy	+85+0.1%	$11.46M	127,020
Q1 2025Mar 31, 2025	QCRH QCR Holdings, Inc.	QCR Holdings, Inc.	Buy	+75+0.1%	$8.56M	120,013
Q1 2025Mar 31, 2025	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Buy	+75+5.5%	$353.60K	1,449
Q1 2025Mar 31, 2025	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Buy	+25+0.1%	$9.88M	32,433
Q1 2025Mar 31, 2025	MSA MSA Safety Incorporated	MSA Safety Incorporated	Buy	+20+1.4%	$218.57K	1,490
Q1 2025Mar 31, 2025	MO Altria Group, Inc.	Altria Group, Inc.	Buy	+3+0.1%	$303.33K	5,054
Q1 2025Mar 31, 2025	ALRS Alerus Financial Corporation	Alerus Financial Corporation	Sell	-10-0.0%	$1.80M	97,664
Q1 2025Mar 31, 2025	IVV iShares Core S&P 500 ETF	iShares Core S&P 500 ETF	Sell	-15-0.3%	$2.60M	4,636
Q1 2025Mar 31, 2025	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-39-1.4%	$2.55M	2,700
Q1 2025Mar 31, 2025	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-56-0.8%	$1.59M	6,824
Q1 2025Mar 31, 2025	DE Deere & Company	Deere & Company	Sell	-60-8.9%	$289.59K	617
Q1 2025Mar 31, 2025	SPY SPDR S&P 500	SPDR S&P 500	Sell	-72-0.8%	$5.00M	8,944
Q1 2025Mar 31, 2025	ENTG Entegris, Inc.	Entegris, Inc.	Sell	-80-0.0%	$82.07M	938,193
Q1 2025Mar 31, 2025	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Sell	-95-4.5%	$209.38K	2,038
Q1 2025Mar 31, 2025	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Sell	-96-4.0%	$968.40K	2,306
Q1 2025Mar 31, 2025	NTRS Northern Trust Corporation	Northern Trust Corporation	Sell	-100-4.5%	$211.11K	2,140
Q1 2025Mar 31, 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-100-1.3%	$1.07M	7,377
Q1 2025Mar 31, 2025	CAT Caterpillar, Inc.	Caterpillar, Inc.	Sell	-140-0.8%	$5.46M	16,553
Q1 2025Mar 31, 2025	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Sell	-159-6.7%	$227.45K	2,204
Q1 2025Mar 31, 2025	ZTS Zoetis Inc.	Zoetis Inc.	Sell	-196-12.7%	$221.29K	1,344
Q1 2025Mar 31, 2025	QQQ Invesco QQQ Trust, Series 1	Invesco QQQ Trust, Series 1	Sell	-210-11.5%	$755.90K	1,612
Q1 2025Mar 31, 2025	AWK American Water Works Company, I	American Water Works Company, I	Sell	-224-4.2%	$753.68K	5,109
Q1 2025Mar 31, 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-250-1.1%	$932.33K	22,342
Q1 2025Mar 31, 2025	ZBH Zimmer Biomet Holdings, Inc.	Zimmer Biomet Holdings, Inc.	Sell	-250-1.7%	$1.64M	14,450
Q1 2025Mar 31, 2025	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-254-0.2%	$33.05M	108,160
Q1 2025Mar 31, 2025	GEV GE Vernova Inc.	GE Vernova Inc.	Sell	-278-28.1%	$217.66K	713

Page 10 of 259 • 7760 total trades

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