Established in 1931, Mairs and Power Inc. is Minnesota’s oldest, privately owned investment firm. The relatively small investment advisory firm has succeeded by applying a conservative approach for over 70 years. An officer and director of the firm since 1992, Guru Bill Frels
is chairman of the board of Mairs and Power Inc., as well as the lead manager of the Mairs & Power Balanced Fund. The firm’s recently updated portfolio lists 176 stocks, 12 of them new, with a total value of $5.02 billion and a quarter-over-quarter turnover of 6%.
According to GuruFocus research, Guru Bill Frels
reduced or sold out the following holdings in the first quarter of 2013. Here are the details of his trades, as of March 31, 2013. Continue Reading »