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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into cybersecurity and factory automation."
For Q3 2025, the Mairs & Power Growth Fund posted a 7.99% gain, slightly trailing the S&P 500 TR index's 8.12% return but outperforming its Morningstar Large Blend peer group (6.93%). The market remained heavily concentrated in mega-cap technology firms. In response, the managers maintained valuation discipline by trimming overstretched AI leaders and deploying capital into secular growth themes at better entry valuations—specifically establishing new positions in cybersecurity leader Palo Alto Networks (PANW) and machine vision innovator Cognex (CGX). The team anticipates a broader economic recovery as interest rates decrease, with key opportunities developing in small-caps and the housing sector.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
Growth Outlook
Market outlook remains moderate conviction: Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
Risk Appetite
Risk appetite posture is moderate conviction: Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
Forward Guidance
Forward guidance signal: Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
Language Signal
Tone analysis indicates above average conviction language: Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
Perceived Risk
Perceived risk level is evaluated as above average conviction. Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
Time Horizon
Investment time horizon reflects a high conviction orientation. Mairs & Power Growth Fund delivered a solid 7.99% gain in Q3 2025, matching the S&P 500, while taking a highly disciplined stance by trimming expensive AI winners and buying into c...
