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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positions in Meta, IDACORP, and Medpace."
In Q2 2025, the Mairs & Power Growth Fund delivered a slow start to the year, up 1.98% YTD, trailing both the S&P 500 TR (6.20%) and its peer group due to stock selection and narrow market leadership. Key holdings such as UnitedHealth Group (UNH) experienced sharp pullbacks, though the managers added to the position, citing confidence in its recovery. The fund initiated three new positions during market pullbacks: Meta Platforms, IDACORP, and Medpace Holdings. Managers remain highly constructive on secular trends in AI, robotics, and automation, and they continue to run the portfolio with a disciplined focus on long-term valuation and pricing power.
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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: The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
Growth Outlook
Market outlook remains above average conviction: The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
Risk Appetite
Risk appetite posture is above average conviction: The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
Forward Guidance
Forward guidance signal: The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
Language Signal
Tone analysis indicates above average conviction language: The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
Time Horizon
Investment time horizon reflects a high conviction orientation. The Mairs & Power Growth Fund rose 1.98% YTD, trailing benchmarks due to narrow market leadership. The managers utilized temporary stock and sector weakness to initiate new positio...
