Mairs & Power was founded by Bill Frels. The funds invest in growth companies at reasonable prices. They look for high quality companies characterized by earnings that are reasonably predictable; return on equity that is above average; market dominance; and financial strength. Some emphasis is placed on small to medium sized companies, generally located in the upper Midwest region.
For the last three years, the Mairs and Power Growth Fund has had annual turnover of less than 5%. That implies a 20-year holding period. As of 06/30/2011, Mairs & Power owns 192 stocks with a total value of $3.7 billion. These are the details of the buys and sells that have the impact to portfolio of more than 0.01%.
This is the portfolio chart of Bill Frels. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Bill Frels
Added: Target Corp. (TGT, Financial)
Bill Frels added to his holdings in Target Corp. by 3.52%. His purchase prices were between $46.33 and $51.76, with an estimated average price of $49. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,697,879 shares as of 06/30/2011.
Added: Badger Meter (BMI, Financial)
Bill Frels added to his holdings in Badger Meter by 20.26%. His purchase prices were between $35.24 and $41.19, with an estimated average price of $36.95. The impact to his portfolio due to this purchase was 0.08%. His holdings were 496,164 shares as of 06/30/2011.
Added: Walmart Stores (WMT, Financial)
Bill Frels added to his holdings in Walmart Stores by 253.3%. His purchase prices were between $52.13 and $56.06, with an estimated average price of $53.92. The impact to his portfolio due to this purchase was 0.02%. His holdings were 14,980 shares as of 06/30/2011.
New Purchase: Nalco Holding Co. (NLC, Financial)
Bill Frels initiated holdings in Nalco Holding Co.. His purchase prices were between $25.83 and $29.21, with an estimated average price of $27.68. The impact to his portfolio due to this purchase was 0.26%. His holdings were 348,340 shares as of 06/30/2011.
New Purchase: Edison International (EIX, Financial)
Bill Frels initiated holdings in Edison International. His purchase prices were between $36.79 and $39.88, with an estimated average price of $38.81. The impact to his portfolio due to this purchase was 0.02%. His holdings were 17,980 shares as of 06/30/2011.
New Purchase: Colgatepalmolive Co. (CL, Financial)
Bill Frels initiated holdings in Colgatepalmolive Co.. His purchase prices were between $79.9 and $89.11, with an estimated average price of $84.52. The impact to his portfolio due to this purchase was 0.02%. His holdings were 10,160 shares as of 06/30/2011.
New Purchase: Vanguard Msci Emerging Markets Etf (VWO, Financial)
Bill Frels initiated holdings in Vanguard Msci Emerging Markets Etf. His purchase prices were between $46.44 and $50.71, with an estimated average price of $48.47. The impact to his portfolio due to this purchase was 0.02%. His holdings were 18,050 shares as of 06/30/2011.
New Purchase: Bhp Billiton Ltd. Ads (BHP, Financial)
Bill Frels initiated holdings in Bhp Billiton Ltd. Ads. His purchase prices were between $88.38 and $102.68, with an estimated average price of $94.88. The impact to his portfolio due to this purchase was 0.02%. His holdings were 5,945 shares as of 06/30/2011.
Reduced: Fastenal Company (FAST, Financial)
Bill Frels reduced to his holdings in Fastenal Company by 50.59%. His sale prices were between $30.97 and $36.01, with an estimated average price of $32.89. The impact to his portfolio due to this sale was -0.6%. Bill Frels still held 1,327,580 shares as of 06/30/2011.
Reduced: Supervalu Inc. (SVU, Financial)
Bill Frels reduced to his holdings in Supervalu Inc. by 70.49%. His sale prices were between $8.48 and $11.26, with an estimated average price of $9.81. The impact to his portfolio due to this sale was -0.09%. Bill Frels still held 154,383 shares as of 06/30/2011.
For the last three years, the Mairs and Power Growth Fund has had annual turnover of less than 5%. That implies a 20-year holding period. As of 06/30/2011, Mairs & Power owns 192 stocks with a total value of $3.7 billion. These are the details of the buys and sells that have the impact to portfolio of more than 0.01%.
This is the portfolio chart of Bill Frels. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
- New Purchases: NLC, BHP, CL, EIX, VWO,
- Added Positions: TGT, BMI, WMT,
- Reduced Positions: FAST, SVU,
This is the sector weightings of his portfolio:
| Industrials | 39.7% |
| Health Care | 18.3% |
| Financials | 11.2% |
| Basic Materials | 10.1% |
| Consumer Goods | 6.5% |
| Consumer Services | 5.7% |
| Oil & Gas | 3.8% |
| Technology | 3.3% |
| Utilities | 0.6% |
| Telecommunications | 0.3% |
| Not Assigned | 0.3% |
These are the top 5 holdings of Bill Frels
- 3M Co. (MMM) - 2,037,102 shares, 5.2139% of the total portfolio. Shares added by 0.47%
- Graco Inc. (GGG) - 2,937,830 shares, 4.0161% of the total portfolio. Shares reduced by 7.29%
- Emerson Electric Co. (EMR) - 2,570,482 shares, 3.9017% of the total portfolio. Shares added by 0.64%
- Honeywell International Inc. (HON) - 2,345,860 shares, 3.7722% of the total portfolio. Shares reduced by 3.38%
- Medtronic Inc. (MDT) - 3,619,744 shares, 3.7635% of the total portfolio. Shares added by 0.22%
Added: Target Corp. (TGT, Financial)
Bill Frels added to his holdings in Target Corp. by 3.52%. His purchase prices were between $46.33 and $51.76, with an estimated average price of $49. The impact to his portfolio due to this purchase was 0.12%. His holdings were 2,697,879 shares as of 06/30/2011.
Added: Badger Meter (BMI, Financial)
Bill Frels added to his holdings in Badger Meter by 20.26%. His purchase prices were between $35.24 and $41.19, with an estimated average price of $36.95. The impact to his portfolio due to this purchase was 0.08%. His holdings were 496,164 shares as of 06/30/2011.
Added: Walmart Stores (WMT, Financial)
Bill Frels added to his holdings in Walmart Stores by 253.3%. His purchase prices were between $52.13 and $56.06, with an estimated average price of $53.92. The impact to his portfolio due to this purchase was 0.02%. His holdings were 14,980 shares as of 06/30/2011.
New Purchase: Nalco Holding Co. (NLC, Financial)
Bill Frels initiated holdings in Nalco Holding Co.. His purchase prices were between $25.83 and $29.21, with an estimated average price of $27.68. The impact to his portfolio due to this purchase was 0.26%. His holdings were 348,340 shares as of 06/30/2011.
New Purchase: Edison International (EIX, Financial)
Bill Frels initiated holdings in Edison International. His purchase prices were between $36.79 and $39.88, with an estimated average price of $38.81. The impact to his portfolio due to this purchase was 0.02%. His holdings were 17,980 shares as of 06/30/2011.
New Purchase: Colgatepalmolive Co. (CL, Financial)
Bill Frels initiated holdings in Colgatepalmolive Co.. His purchase prices were between $79.9 and $89.11, with an estimated average price of $84.52. The impact to his portfolio due to this purchase was 0.02%. His holdings were 10,160 shares as of 06/30/2011.
New Purchase: Vanguard Msci Emerging Markets Etf (VWO, Financial)
Bill Frels initiated holdings in Vanguard Msci Emerging Markets Etf. His purchase prices were between $46.44 and $50.71, with an estimated average price of $48.47. The impact to his portfolio due to this purchase was 0.02%. His holdings were 18,050 shares as of 06/30/2011.
New Purchase: Bhp Billiton Ltd. Ads (BHP, Financial)
Bill Frels initiated holdings in Bhp Billiton Ltd. Ads. His purchase prices were between $88.38 and $102.68, with an estimated average price of $94.88. The impact to his portfolio due to this purchase was 0.02%. His holdings were 5,945 shares as of 06/30/2011.
Reduced: Fastenal Company (FAST, Financial)
Bill Frels reduced to his holdings in Fastenal Company by 50.59%. His sale prices were between $30.97 and $36.01, with an estimated average price of $32.89. The impact to his portfolio due to this sale was -0.6%. Bill Frels still held 1,327,580 shares as of 06/30/2011.
Reduced: Supervalu Inc. (SVU, Financial)
Bill Frels reduced to his holdings in Supervalu Inc. by 70.49%. His sale prices were between $8.48 and $11.26, with an estimated average price of $9.81. The impact to his portfolio due to this sale was -0.09%. Bill Frels still held 154,383 shares as of 06/30/2011.
