MPB Holdings 3 31 14 - Mairs and Power, Inc.

Mairs & Power Balanced Fund (MAPOX)
(Unaudited) Portfolio Holdings as of
March 31, 2014
Cusip
Symbol
Par
Value/Shares
Security Description
Coupon
Maturity
Value
00101JAF3
FIXED INCOME SECURITIES
1,000,000 The ADT Corporation
3.500
07/15/2022
00101JAH9
500,000 The ADT Corporation
4.125
06/15/2023
001055AJ1
500,000 AFLAC, Inc.
4.000
02/15/2022
524,967
5.250
10/15/2022
2,304,900
496,250
008252868
00913BAA9
90,000 Affiliated Managers Group, Inc.
879,020
447,688
4.850
02/01/2024
013817AK7
1,000,000 Alcoa Inc.
5.950
02/01/2037
968,863
021441AF7
1,000,000 Altera Corporation
4.100
11/15/2023
1,005,936
02209SAM5
500,000 Altria Group, Inc.
4.250
08/09/2042
443,048
023650AG9
730,688 America West Airlines, Inc.
8.057
01/02/2022
840,291
023767AA4
812,141 American Airlines 2011-1 Pass Through Trust
5.250
07/31/2022
880,198
023768AA2
389,554 American Airlines Pass Through Trust 2011-1 Pass Through Cert
7.000
07/31/2019
410,493
023771R83
450,000 American Airlines, Inc.
7.500
03/15/2016
468,000
02580ECC5
500,000 American Express Company
6.000
09/13/2017
574,183
03076CAF3
500,000 Ameriprise Financial, Inc.
4.000
10/15/2023
515,832
032511AX5
500,000 Anadarko Petroleum Corp.
5.950
09/15/2016
554,728
037411BC8
500,000 Apache Corporation
4.250
01/15/2044
468,968
042735BC3
2,500,000 Arrow Electronics, Inc.
4.500
03/01/2023
2,544,113
04621XAF5
2,500,000 Assurant, Inc.
4.000
03/15/2023
2,464,000
052769AB2
1,000,000 Autodesk, Inc.
3.600
12/15/2022
954,889
054303AR3
1,000,000 Avon Products, Inc.
4.200
07/15/2018
1,034,360
054303BA9
500,000 Avon Products, Inc.
5.000
03/15/2023
500,902
05531FAB9
500,000 BB&T Corp.
6.850
04/30/2019
604,335
060505DH4
500,000 Bank of America Corp.
6.000
09/01/2017
567,233
06739GAE9
500,000 Barclays Bank, PLC
6.050
12/04/2017
560,373
06741TGW1
500,000 Barclays Bank, PLC
4.000
10/09/2037
453,754
067901AL2
500,000 Barrick Gold Corporation
3.850
04/01/2022
477,589
067901AQ1
1,000,000 Barrick Gold Corporation
4.100
05/01/2023
948,635
073902PR3
500,000 Bear Stearns Co., Inc.
6.400
10/02/2017
577,088
5.625
04/30/1953
861,600
084423409
084423AL6
084664BU4
084664BV2
086516AL5
500,000 Air Lease Corporation
$
40,000 Berkley (WR) Corp.
6.150
08/15/2019
280,438
1,000,000 Berkshire Hathaway Finance Corporation
250,000 Berkley (WR) Corp.
4.400
05/15/2042
976,906
500,000 Berkshire Hathaway Finance Corporation
4.300
05/15/2043
477,895
5.500
03/15/2021
1,002,500
1,000,000 Best Buy Co., Inc.
086516AM3
500,000 Best Buy Co., Inc.
5.000
08/01/2018
518,125
093662AE4
1,000,000 Block Financial LLC
5.500
11/01/2022
1,068,150
096630AC2
1,445,000 Boardwalk Pipelines, LP
1,271,935
3.375
02/01/2023
11133TAA1
500,000 Broadridge Financial Solutions, Inc.
6.125
06/01/2017
542,376
11133TAB9
500,000 Broadridge Financial Solutiions, Inc.
3.950
09/01/2020
507,306
126117AE0
500,000 CNA Financial Corp.
7.250
11/15/2023
614,063
141781AX2
525,000 Cargill, Inc.
6.000
11/27/2017
599,966
141781BC7
1,000,000 Cargill, Inc.
4.100
11/01/2042
921,496
144285AJ2
500,000 Carpenter Technology
5.200
07/15/2021
526,300
144285AK9
500,000 Carpenter Technology
4.450
03/01/2023
501,631
156700AN6
500,000 CenturyLink, Inc.
6.150
09/15/2019
540,625
172967CQ2
500,000 Citigroup Inc.
5.000
09/15/2014
509,683
172967DY4
500,000 Citigroup Inc.
5.500
02/15/2017
551,911
172967GT2
1,000,000 Citigroup Inc.
3.500
05/15/2023
943,450
1730T0VS5
500,000 Citigroup Inc.
5.200
01/25/2027
502,300
18683KAB7
500,000 Cliffs Natural Resources, Inc.
4.800
10/01/2020
490,941
18683KAD3
1,000,000 Cliffs Natural Resources, Inc.
4.875
04/01/2021
974,037
18683KAF8
500,000 Cliffs Natural Resources, Inc.
3.950
01/15/2018
502,571
4.250
01/15/2033
1,960,292
20030NBH3
2,000,000 Comcast Corporation
20035CAB6
500,000 Comerica Incorporated
5.200
08/22/2017
555,090
202795HS2
500,000 Commonwealth Edison Co.
6.150
09/15/2017
575,171
20449EBT2
450,000 Compass Bancshares, Inc.
5.500
04/01/2020
475,069
205363AN4
4.450
09/15/2022
1,020,865
210795QB9
615,000 Continental Airlines 2012-2 Class A Pass Through Trust
4.000
04/29/2026
621,150
21079NAA9
202,092 Continental Airlines 2007-1 Class A Pass Through Trust
5.983
10/19/2023
230,385
21079TAA6
387,488 Continental Airlines 2009-1 Class A Pass Through Trust
9.000
01/08/2018
442,706
21079VAB9
672,447 Continental Airlines 2010-1 Class B Pass Through Trust
6.000
07/12/2020
705,666
210805CR6
192,448 Continental Airlines 1999-1 Class B Pass Through Trust
6.795
02/02/2020
202,956
22546QAD9
500,000 Credit Suisse
5.400
01/14/2020
556,727
3.350
11/01/2022
1,981,485
515,000
237194AK1
1,000,000 Computer Sciences Corporation
2,200,000 Darden Restaurants, Inc.
24702RAJ0
500,000 Dell Inc.
5.875
06/15/2019
24702RAQ4
500,000 Dell Inc.
4.625
04/01/2021
471,250
24736WAA8
381,383 Delta Airlines 2011-1 Pass Thru Cert
5.300
10/15/2020
415,708
247817AA7
500,000 Delta Air Lines 2010-2 Class B Pass Thru Trust
6.750
05/23/2017
529,250
248019AP6
500,000 Deluxe Corp.
7.000
03/15/2019
537,500
257559AH7
1,000,000 Domtar Corp.
4.400
04/01/2022
996,373
26483EAG5
2,000,000 The Dun & Bradstreet Corporation
4.375
12/01/2022
1,998,554
278062AD6
1,000,000 Eaton Corporation
4.000
11/02/2032
967,320
278062AE4
590,000 Eaton Corporation
4.150
11/02/2042
551,015
29364LAT9
500,000 Entergy Gulf States, Inc.
6.180
03/01/2035
500,138
4.250
06/15/2022
1,014,177
30161MAL7
1,000,000 Exelon Generation Company, LLC
309588AC5
500,000 Farmers Exchange Capital
7.050
07/15/2028
634,841
313380TW7
1,000,000 Federal Home Loan Banks
3.480
10/09/2037
839,469
313381DM4
1,000,000 Federal Home Loan Banks
3.180
12/06/2032
850,013
313381NT8
1,000,000 Federal Home Loan Banks
3.250
01/18/2033
857,072
313381X67
1,000,000 Federal Home Loan Banks
3.230
02/07/2033
854,045
3133823S0
2,000,000 Federal Home Loan Banks
3.500
02/22/2033
1,813,444
313382UL5
1,000,000 Federal Home Loan Banks
3.300
05/07/2032
893,941
313382X32
1,000,000 Federal Home Loan Banks
3.300
05/09/2033
882,707
313383KR1
500,000 Federal Home Loan Banks
3.730
07/01/2033
466,575
313383R52
500,000 Federal Home Loan Banks
4.700
07/25/2033
505,457
3133EC6D1
840,000 Federal Farm Credit Bank
3.125
12/05/2033
719,557
3133ECES9
1,000,000 Federal Farm Credit Bank
3.480
02/07/2033
891,839
3133ECGE8
1,000,000 Federal Farm Credit Bank
3.500
02/28/2033
888,774
3133ECMG6
1,084,000 Federal Farm Credit Bank
3.200
04/24/2030
984,772
3133ECRB2
875,000 Federal Farm Credit Bank
3.450
06/05/2028
823,526
3133ECSM7
1,000,000 Federal Farm Credit Bank
3.700
06/20/2028
947,728
3133ECUH5
1,000,000 Federal Farm Credit Bank
4.240
07/17/2028
1,002,207
3133ECVV3
500,000 Federal Farm Credit Bank
4.000
08/01/2028
498,825
3133ECXF6
1,000,000 Federal Farm Credit Bank
4.080
08/15/2028
985,878
3133EDAA0
1,040,000 Federal Farm Credit Bank
4.150
11/20/2028
1,047,876
3133EDFL1
1,000,000 Federal Farm Credit Bank
4.375
02/21/2034
1,005,135
3133EDGE6
1,500,000 Federal Farm Credit Bank
4.040
06/05/2028
1,495,028
3136G0H61
500,000 Federal National Mortgage Association
3.400
09/27/2032
451,113
3136G1F20
1,500,000 Federal National Mortgage Association
3.500
03/07/2033
1,408,770
3136G1GW3
3,000,000 Federal National Mortgage Association
3.250
03/25/2033
2,587,599
3136G1HV4
1,000,000 Federal National Mortgage Association
3.250
03/27/2028
933,504
3136G1KF5
500,000 Federal National Mortgage Association
3.250
04/29/2033
452,164
3136G1N21
500,000 Federal National Mortgage Association
3.430
05/27/2033
457,760
3.500
04/15/2023
1,900,786
31620MAK2
2,000,000 Fidelity National Information Services, Inc.
337738AM0
2,025,000 Fiserv, Inc.
3.500
10/01/2022
1,977,734
34354PAD7
1,000,000 Flowserve Corporation
4.000
11/15/2023
1,001,978
34540TEB4
500,000 Ford Motor Credit Co.
3.450
08/20/2020
495,091
34540TEK4
1,000,000 Ford Motor Credit Co.
3.000
12/20/2018
1,000,824
35671DAU9
1,000,000 FREEPORT-McMoRan Copper & Gold Inc.
3.550
03/01/2022
955,019
500,000 GATX Corp.
8.750
05/15/2014
504,758
361448AN3
500,000 GATX Corp.
4.750
06/15/2022
532,287
361448AQ6
1,000,000 GATX Corp.
3.900
03/30/2023
1,000,419
530,000
361448AG8
364725AT8
368907AC5
500,000 Gannett Co., Inc.
31,719 GATX Corp.
6.375
09/01/2015
7.500
02/28/2015
32,750
36966TGM8
500,000 General Electric Cap Corp.
4.000
09/17/2032
491,246
36966THP0
2,000,000 General Electric Cap Corp.
4.000
02/14/2033
1,961,132
36966TJC7
500,000 General Electric Cap Corp.
3.500
05/15/2032
483,652
370425SL5
500,000 General Motors Acceptance Corp.
6.750
12/01/2014
517,500
37247DAE6
500,000 Genworth Life Financial Inc.
5.750
06/15/2014
505,551
37247DAP1
500,000 Genworth Life Financial Inc.
7.625
09/24/2021
615,945
379352AL1
500,000 Global Marine
7.000
06/01/2028
541,994
38141EJ26
500,000 Goldman Sachs Group, Inc.
4.250
11/15/2030
485,810
38141GFG4
500,000 Goldman Sachs Group, Inc.
5.950
01/18/2018
566,244
38141GGQ1
500,000 Goldman Sachs Group, Inc.
5.250
07/27/2021
553,495
38143CAH4
500,000 Goldman Sachs Group, Inc.
4.300
12/15/2032
495,784
38143CBH3
500,000 Goldman Sachs Group, Inc.
4.000
02/15/2031
495,367
38147QHA7
500,000 Goldman Sachs Group, Inc.
4.000
07/30/2028
485,285
416515AV6
500,000 The Hartford Financial Services Group Inc.
6.000
01/15/2019
578,866
416515AZ7
500,000 The Hartford Financial Services Group Inc.
5.500
03/30/2020
566,282
416518AA6
500,000 The Hartford Financial Services Group Inc.
4.000
10/15/2017
537,333
428236BF9
500,000 Hewlett-Packard Company
3.750
12/01/2020
507,903
428236BM4
750,000 Hewlett-Packard Company
4.300
06/01/2021
784,085
428236BX0
1,000,000 Hewlett-Packard Company
4.050
09/15/2022
1,014,698
448579AE2
500,000 Hyatt Hotels Corporation
3.375
07/15/2023
473,173
45167RAF1
500,000 Idex Corporation
4.200
12/15/2021
512,070
45687AAH5
500,000 Ingersoll-Rand Co., Ltd.
4.250
06/15/2023
510,507
4.000
12/15/2032
2,427,325
5.250
04/01/2016
539,068
5.125
04/13/2018
1,086,319
458140AN0
460146BZ5
472319AK8
2,500,000 Intel Corp.
500,000 International Paper Co.
1,000,000 Jefferies Group, Inc.
478366AR8
340,000 Johnson Controls, Inc.
5.500
01/15/2016
367,412
48126DMH9
1,000,000 JPMorgan Chase & Co.
3.250
01/31/2033
893,944
48126DNF2
1,000,000 JPMorgan Chase & Co.
3.000
03/21/2028
872,210
48126DNL9
1,000,000 JPMorgan Chase & Co.
3.000
03/22/2028
881,250
5.450
03/03/2016
541,935
49327XAB6
500,000 Key Bank National Association
500255AR5
555,000 Kohl's Corporation
4.000
11/01/2021
565,808
500255AS3
2,000,000 Kohl's Corporation
3.250
02/01/2023
1,860,364
50540RAL6
1,000,000 Laboratory Corporation of America Holdings
3.750
08/23/2022
993,255
50540RAN2
1,000,000 Laboratory Corporation of America Holdings
4.000
11/01/2023
997,264
514665AA6
2,949,000 Land O'Lakes Capital Trust I
7.450
03/15/2028
2,875,275
53079EBE3
2,000,000 Liberty Mutual Group Inc.
2,029,692
4.250
06/15/2023
53079QAB3
250,000 Liberty Mutual Insurance Co.
8.500
05/15/2025
311,632
534187AL3
250,000 Lincoln National Corp.
7.000
03/15/2018
291,225
5394E8BL2
649,000 Lloyds TSB Bank PLC
3.400
01/31/2033
564,783
539830BB4
500,000 Lockheed Martin Corporation
4.070
12/15/2042
468,884
55259PAD8
500,000 Marshall & Ilsley Corp.
5.000
01/17/2017
544,332
55259PAE6
500,000 Marshall & Ilsley Corp.
4.850
06/16/2015
524,000
564759PS1
537,000 Manufacturers & Traders Trust Co.
5.585
12/28/2020
551,343
570535AJ3
500,000 Markel Corporation
5.350
06/01/2021
549,005
1,000,000 Markel Corporation
570535AM6
3.625
03/30/2023
972,322
574599BG0
500,000 MASCO Corp.
7.125
03/15/2020
577,500
574599BH8
500,000 MASCO Corp.
5.950
03/15/2022
542,500
57859HBU7
250,000 Maytag Corp.
5.000
05/15/2015
260,275
5901884M7
500,000 Merrill Lynch & Co., Inc.
6.050
05/16/2016
546,504
59018YN64
500,000 Merrill Lynch & Co., Inc.
6.875
04/25/2018
589,655
59022CCS0
250,000 Merrill Lynch & Co., Inc.
5.700
05/02/2017
278,061
59156RAR9
500,000 MetLife Inc.
6.817
08/15/2018
596,712
59156RBD9
4.125
08/13/2042
469,643
592239AL1
1,000,000 Metropolitan Opera
500,000 MetLife Inc.
4.349
10/01/2032
971,921
615369AC9
1,000,000 Moody's Corporation
1,050,356
4.875
02/15/2024
6174466Q7
500,000 Morgan Stanley
6.625
04/01/2018
582,881
61744YAD0
1,000,000 Morgan Stanley
5.950
12/28/2017
1,141,525
61747YCM5
500,000 Morgan Stanley
5.500
01/26/2020
563,894
61945CAA1
175,000 The Mosaic Company
3.750
11/15/2021
175,867
61945CAC7
1,000,000 The Mosaic Company
1,025,836
4.250
11/15/2023
620076BB4
500,000 Motorola Solutions, Inc.
3.750
05/15/2022
493,631
620076BC2
1,500,000 Motorola Solutions, Inc.
3.500
03/01/2023
1,433,951
626717AD4
1,500,000 Murphy Oil Corp.
4.000
06/01/2022
1,486,089
626717AF9
500,000 Murphy Oil Corp.
3.700
12/01/2022
485,366
626717AG7
500,000 Murphy Oil Corp.
5.125
12/01/2042
462,507
4.200
11/29/2023
1,003,512
628530BD8
63534PAE7
1,000,000 Mylan Inc.
5.250
12/15/2016
552,082
63743FRD0
1,000,000 National Rural Utilites Cooperative Finance Corporation
500,000 National City Bank
3.000
11/15/2026
943,700
638612AK7
1,000,000 Nationwide Financial Services
5.375
03/25/2021
1,101,786
651229AM8
1,750,000 Newell Rubbermaid, Inc.
4.000
06/15/2022
1,786,537
651639AN6
1,000,000 Newmont Mining Corp
3.500
03/15/2022
907,207
651639AP1
1,000,000 Newmont Mining Corp.
4.875
03/15/2042
809,707
65339K605
10,000 Nextera Energy Capital
5.700
03/01/1972
238,500
670346AM7
2,000,000 NUCOR Corporation
4.000
08/01/2023
1,994,608
68245JAB6
2,000,000 OneBeacon U.S. Holdings, Inc.
4.600
11/09/2022
2,000,706
682680AQ6
1,920,000 ONEOK, Inc.
4.250
02/01/2022
1,839,026
7.400
08/15/2019
413,769
4.600
12/15/2021
2,017,388
693506AZ0
69352JAN7
350,000 PPG Industries
2,000,000 PPL Energy Supply, LLC
694476AD4
500,000 Pacific Life Corp.
5.125
01/30/2043
493,948
694606AA2
500,000 Pacific Life Insurance Co.
7.900
12/30/2023
645,478
709599AH7
500,000 Penske Truck Leasing Co., L.P. / PTL Finance Corp.
4.875
07/11/2022
529,645
709629AJ8
500,000 Pentair Ltd.
5.000
05/15/2021
537,022
709629AL3
225,000 Pentair Ltd.
3.150
09/15/2022
213,972
718507BH8
250,000 ConocoPhillips
6.650
07/15/2018
296,562
724479407
20,000 Pitney Bowes
5.250
11/27/2022
512,600
724479AJ9
500,000 Pitney Bowes
4.625
03/15/2024
496,468
72447XAB3
1,000,000 Pitney Bowes
5.250
01/15/2037
1,092,323
74251VAJ1
500,000 Principal Financial Group
4.350
05/15/2043
471,157
7425A0AW0
500,000 Principal Life Global
5.050
03/15/2015
520,898
74348YAQ4
500,000 Prospect Capital Corp.
5.950
09/15/2019
488,017
74348YAU5
500,000 Prospect Capital Corp.
5.125
11/15/2019
481,917
74348YBW0
500,000 Prospect Capital Corp.
4.000
01/15/2020
464,634
743674707
20,000 Protective Life Corp.
6.000
09/01/1942
476,400
743674AX1
500,000 Protective Life Corp.
7.375
10/15/2019
607,020
743862AA2
250,000 Provident Cos.
7.250
03/15/2028
298,335
743862AD6
500,000 Provident Cos.
7.000
07/15/2018
566,218
74432QBC8
500,000 Prudential Financial Inc.
6.000
12/01/2017
574,857
74834LAS9
1,000,000 Quest Diagnostics, Inc.
4.700
04/01/2021
1,062,753
749685AS2
2,000,000 RPM International, Inc.
3.450
11/15/2022
1,882,128
754730208
7591EPAF7
10,000 Raymond James Financial Inc.
500,000 Regions Financial Corp.
6.900
03/15/1942
261,000
7.750
11/10/2014
521,040
759509AE2
1,000,000 Reliance Steel & Aluminum Co.
4.500
04/15/2023
1,001,133
78008SVY9
1,000,000 Royal Bank of Canada
3.000
05/10/2028
862,481
78012DAG8
500,000 Royal Bank of Scotland Group, PLC
5.250
02/15/2019
529,157
78012DAN3
500,000 Royal Bank of Scotland Group, PLC
4.250
07/15/2017
534,391
78442FAE8
500,000 SLM Corporation
5.050
11/14/2014
511,250
3.950
08/15/2020
1,012,245
786514BS7
1,000,000 Safeway, Inc.
786514BU2
500,000 Safeway, Inc.
4.750
12/01/2021
511,106
80589MAE2
785,000 SCANA Corporation
4.125
02/01/2022
791,272
814120AA9
250,000 Security Benefit Life Insurance
8.750
05/15/2016
276,591
5.875
02/09/1943
447,600
250,000
816300404
20,000 Selective Insurance Group
81760NAA7
250,000 ServiceMaster Co.
7.100
03/01/2018
83851MAB3
250,000 South Jersey Gas Co.
7.125
10/22/2018
291,704
84474YAA4
375,893 Southwest Airlines Co.
6.150
02/01/2024
430,397
853254AJ9
1,000,000 Standard Chartered PLC
3.950
01/11/2023
955,242
855030AM4
1,000,000 Staples, Inc.
4.375
01/12/2023
971,576
5.375
12/31/2022
511,800
3.450
01/15/2023
1,426,029
860630300
86765BAL3
20,000 Stifel Financial
1,500,000 Sunoco Logistics Partners
86787EAM9
500,000 SunTrust Banks, Inc.
7.250
03/15/2018
587,215
868536AT0
500,000 SUPERVALU Inc.
8.000
05/01/2016
551,250
87089HAB9
500,000 Swiss Re Treasury
4.250
12/06/2042
466,520
87151QAA4
500,000 Symetra Financial Corp.
6.125
04/01/2016
531,729
878055AC6
5.500
02/01/2016
508,831
88732JAX6
1,000,000 Time Warner Cable, Inc.
500,000 TCF National Bank
4.125
02/15/2021
1,046,881
88732JBA5
1,500,000 Time Warner Cable, Inc.
1,556,057
4.000
09/01/2021
891027AN4
500,000 Torchmark Corp.
6.375
06/15/2016
554,730
891092AD0
500,000 Toro Co.
7.800
06/15/2027
621,654
893830BC2
2,500,000 Transocean Ltd.
3.800
10/15/2022
2,390,020
903243AC7
1,000,000 URS Corp.
5.000
04/01/2022
988,696
903436AA1
439,066 US Airways 2011-1A PTT Equipment Trust Certificate
7.125
10/22/2023
509,317
90345KAA8
855,376 US Airways 2010-1 Class A Pass Through Cert
6.250
04/22/2023
967,109
90346WAA1
1,000,000 US Airways 2013 - 1A
3.950
05/15/2027
1,010,500
905581AR5
865,000 Union Carbide Corp.
7.500
06/01/2025
1,040,397
4.300
02/15/2027
1,021,300
909319AA3
1,000,000 United Airlines Pass Through Cert 2013-1A
912912AQ5
500,000 U S West Capital Funding Inc.
6.875
07/15/2028
912920AC9
550,000 U S West Capital Funding Inc.
6.875
09/15/2033
542,379
91311QAE5
250,000 United Utilities PLC
5.375
02/01/2019
269,704
91324PBJ0
500,000 United Health Group, Inc.
6.000
02/15/2018
575,428
920355AE4
500,000 Valspar Corp.
6.050
05/01/2017
547,141
92239MAE1
250,000 Vectren Utility Holdings, Inc.
5.750
08/01/2018
278,971
92343VAV6
250,000 Verizon Communications, Inc.
6.350
04/01/2019
294,909
92343V302
92343V302
20,000 Verizon Communications, Inc. *
-
477,500
-
499,200
92976WBH8
500,000 Wachovia Corp.
5.750
02/01/2018
572,493
94974BFJ4
500,000 Wells Fargo & Co.
3.450
02/13/2023
485,293
94986RCE9
500,000 Wells Fargo & Co.
2.000
01/31/2021
493,897
959802AB5
500,000 Western Union Co.
5.930
10/01/2016
553,642
959802AH2
1,500,000 Western Union Co.
6.200
11/17/2036
1,500,585
96332HCE7
500,000 Whirlpool Corporation
4.700
06/01/2022
531,141
964152AA0
500,000 White Mountain Group, Ltd.
6.375
03/20/2017
558,371
3.700
01/15/2023
2,268,710
969457BU3
2,500,000 Williams Companies
983024AF7
6.450
02/01/2024
614,976
98310WAL2
1,000,000 Wyndam Worldwide
500,000 Wyeth
3.900
03/01/2023
979,726
98970EBT5
1,629,000 Zions Bancorp
4.150
11/15/2019
1,615,657
002824100
ABT
COMMON STOCKS
120,000 Abbott Laboratories
-
-
00287Y109
ABBV
80,000 Abbvie, Inc.
-
-
$
4,621,200
4,112,000
018522300
ALE
52,000 ALLETE, Inc.
-
-
2,725,840
025816109
AXP
26,000 American Express Co.
-
-
2,340,780
045487105
ASBC
395,000 Associated Banc-Corp.
7,133,700
055622104
BP
060505104
-
-
63,000 BP p.l.c. ADR
-
-
3,030,300
BAC
59,000 Bank of America Corp.
-
-
1,014,800
071813109
BAX
131,000 Baxter International Inc.
-
-
9,638,980
081437105
BMS
92,000 Bemis Co., Inc.
-
-
3,610,080
110122108
BMY
72,500 Bristol-Myers Squibb Co.
-
-
3,766,375
12541W209
CHRW
20825C104
COP
219350105
GLW
420,000 Corning Inc.
-
-
8,744,400
248019101
DLX
251,000 Deluxe Corp.
-
-
13,169,970
278865100
ECL
291011104
EMR
30231G102
359694106
369604103
97,000 C.H. Robinson Worldwide, Inc.
147,000 ConocoPhillips
14,000 Ecolab, Inc.
-
-
5,081,830
-
-
10,341,450
-
-
1,511,860
220,000 Emerson Electric Co.
-
-
14,696,000
XOM
145,000 Exxon Mobil Corp.
-
-
14,163,600
FUL
154,000 H.B. Fuller Co.
-
-
7,435,120
GE
396,500 General Electric Co.
-
-
10,265,385
370334104
GIS
84,000 General Mills, Inc.
-
-
4,352,880
372460105
GPC
13,000 Genuine Parts Co.
-
-
1,129,050
384109104
GGG
80,000 Graco, Inc.
-
-
5,979,200
427866108
HSY
15,000 The Hershey Co.
-
-
1,566,000
437076102
HD
74,000 Home Depot, Inc.
-
-
5,855,620
438516106
HON
90,000 Honeywell International Inc.
-
-
8,348,400
440452100
HRL
-
-
5,912,400
459200101
IBM
-
-
8,854,540
46625H100
JPM
-
-
6,253,130
478160104
JNJ
94,000 Johnson & Johnson
-
-
9,233,620
494368103
KMB
26,000 Kimberly-Clark Corp.
-
-
2,866,500
532457108
LLY
74,000 Eli Lilly & Co.
-
-
4,355,640
534187109
LNC
20,000 Lincoln National Corp.
-
-
1,013,400
-
-
5,695,460
-
-
6,232,590
-
-
15,538,850
50,000 Murphy Oil Corp.
-
-
3,143,000
12,500 Murphy USA Inc. *
-
-
507,375
150,000 Pfizer Inc.
-
-
4,818,000
552690109
MDU
553777103
MTSC
585055106
MDT
120,000 Hormel Foods Corp.
46,000 International Business Machines Corp.
103,000 JPMorgan Chase & Co.
166,000 MDU Resources Group, Inc.
91,000 MTS Systems Corp.
252,500 Medtronic, Inc.
626717102
MUR
626755102
MUSA
717081103
PFE
74251V102
PFG
205,000 Principal Financial Group
-
-
9,427,950
806857108
SLB
156,000 Schlumberger, Ltd.
-
-
15,210,000
864159108
RGR
-
-
777,400
872275102
TCB
118,000 TCF Financial Corp.
-
-
1,965,880
87612E106
TGT
190,000 Target Corp.
-
-
11,496,900
13,000 Sturm, Ruger & Co., Inc.
88579Y101
MMM
86,000 3M Co.
-
-
11,666,760
891092108
TTC
40,000 Toro Co.
-
-
2,527,600
89417E109
TRV
35,000 The Travelers Cos., Inc.
-
-
2,978,500
902973304
USB
343,000 U.S. Bancorp
-
-
14,700,980
911312106
UPS
152,000 United Parcel Service, Inc., Class B
-
-
14,801,760
920355104
VAL
124,000 Valspar Corp.
-
-
8,942,880
949746101
WFC
156,000 Wells Fargo & Co.
-
-
7,759,440
959802109
WU
601,000 Western Union Co.
-
-
9,832,360
98389B100
XEL
173,000 Xcel Energy Inc.
5,252,280
G0176J109
ALLE
G47791101
IR
H6169Q108
PNR
78406T201
78406T201
31846V625
-
-
-
-
399,935
-
-
1,316,520
108,000 Pentair Ltd.
-
-
8,568,720
PREFERRED STOCKS
10,000 SCE Trust I
-
-
SHORT-TERM INVESTMENTS
20,879,802 First American Prime Obligations Fund, Class Z
-
7,666 Allegion Public Limited Company
23,000 Ingersoll-Rand Co., Ltd.
* Non-Income Producing
The Fund's investment objective, risks, changes and expenses must be considered carefully before investing.
The summary prospectus or full prospectus contains this and other important information about the Fund, and
they may be obtained by calling Shareholder Services at (800) 304-7404, or by visiting www.mairsandpower.com.
Read the summary prospectus or full prospectus carefully before investing.
This list of portfolio holdings is not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange
Commission (SEC) presentation requirements. Therefore, it differs from that disclosed in the complete portfolio of investments in the
annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete portfolio of investments filed after the
first and third quarter on Form N-Q.
All holdings in the portfolio are subject to change without notice and may or may not represent current or future portfolio composition. The
Fund assumes no obligation or responsibility to update or supplement this schedule to reflect any changes that may occur beyond the "as
of" date shown.
This portfolio data is for informational purposes only. It is not intended as a recommendation or offer for a particular security,
nor is it intended to be a solicitation for the purchase or sale of any security.
ALPS Distributors, Inc. is the Distributor for the Mairs & Power Funds.
MNP000338 7/31/2014
$
227,400
12/31/2031 $
20,879,802

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