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Mairs & Power Funds Buys Hormel Buys HRL, MDT, PG, DIS, WAG, NVEC, IWR, SCHB, Sells SSYS, SRDX, ADP, JCI

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gurufocus

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Bill Frels at Mairs & Power Inc. reported his fourth quarter portfolio. As of 12/31/2010, Mairs & Power Inc. owns 135 stocks with a total value of $3.5 billion. These are the details of the buys and sells.

The firm was founded by Bill Frels. The funds invest in growth companies at reasonable price. 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.

Over the past 12 months, the fund gained 17.52%. Averaged 3.53% annually over the past 5-year period, and 6.11% in 10-year period, 13.18% in 20-year period. The funds beat the market average in all periods.

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.



For the details of Bill Frels's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bill+Frels

This is the sector weightings of his portfolio:

Industrials 39.7%
Health Care 17.2%
Financials 12.5%
Basic Materials 9.8%
Consumer Services 6.3%
Consumer Goods 6%
Oil & Gas 3.8%
Technology 3.8%
Telecommunications 0.3%
Utilities 0.3%


These are the top 5 holdings of Bill Frels

  1. 3M COMPANY (MMM) - 2,022,950 shares, 4.99% of the total portfolio. Shares added by 1.12%
  2. EMERSON (EMR) - 2,607,636 shares, 4.26% of the total portfolio. Shares reduced by 1.52%
  3. TARGET Corp. (TGT) - 2,466,592 shares, 4.24% of the total portfolio. Shares reduced by 0.5%
  4. MEDTRONIC INC. (MDT) - 3,583,196 shares, 3.8% of the total portfolio. Shares added by 2.95%
  5. HONEYWELL INTERNATIONAL (HON) - 2,450,059 shares, 3.72% of the total portfolio. Shares reduced by 0.36%


Added: Hormel Foods Corp. (HRL)

Bill Frels added to his holdings in Hormel Foods Corp. by 99.35%. His purchase prices were between $11.07 and $12.95, with an estimated average price of $11.92. The impact to his portfolio due to this purchase was 1.37%. His holdings were 1,880,799 shares as of 12/31/2010.

Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Hormel Foods Corp. has a market cap of $3.48 billion; its shares were traded at around $26.16 with a P/E ratio of 8.7 and P/S ratio of 0.5. The dividend yield of Hormel Foods Corp. stocks is 3.9%. Hormel Foods Corp. had an annual average earning growth of 9.2% over the past 10 years. GuruFocus rated Hormel Foods Corp. the business predictability rank of 5-star.

Added: Medtronic Inc. (MDT)

Bill Frels added to his holdings in Medtronic Inc. by 2.95%. His purchase prices were between $33.21 and $37.62, with an estimated average price of $35.03. The impact to his portfolio due to this purchase was 0.11%. His holdings were 3,583,196 shares as of 12/31/2010.

Medtronic is the world's medical technology company, pioneeringdevice-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $43.15 billion; its shares were traded at around $40.2 with a P/E ratio of 12.2 and P/S ratio of 2.7. The dividend yield of Medtronic Inc. stocks is 2.3%. Medtronic Inc. had an annual average earning growth of 11.4% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.

Added: Procter & Gamble Company (PG)

Bill Frels added to his holdings in Procter & Gamble Company by 84.22%. His purchase prices were between $59.96 and $65.24, with an estimated average price of $63.29. The impact to his portfolio due to this purchase was 0.07%. His holdings were 82,226 shares as of 12/31/2010.

The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Procter & Gamble Company has a market cap of $178.48 billion; its shares were traded at around $63.76 with a P/E ratio of 17 and P/S ratio of 2.3. The dividend yield of Procter & Gamble Company stocks is 3%. Procter & Gamble Company had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated Procter & Gamble Company the business predictability rank of 3.5-star.

Added: Walt Disney Company (DIS)

Bill Frels added to his holdings in Walt Disney Company by 25.61%. His purchase prices were between $33.14 and $37.95, with an estimated average price of $36.32. The impact to his portfolio due to this purchase was 0.04%. His holdings were 180,084 shares as of 12/31/2010.

Walt Disney Company owns 100% of Disney Enterprises, Inc. Walt Disney Company has a market cap of $82.75 billion; its shares were traded at around $43.7 with a P/E ratio of 19.2 and P/S ratio of 2.2. The dividend yield of Walt Disney Company stocks is 0.9%. Walt Disney Company had an annual average earning growth of 12.5% over the past 10 years. GuruFocus rated Walt Disney Company the business predictability rank of 3.5-star.

Added: Walgreen Company (WAG)

Bill Frels added to his holdings in Walgreen Company by 153.29%. His purchase prices were between $33.11 and $39.48, with an estimated average price of $35.41. The impact to his portfolio due to this purchase was 0.02%. His holdings were 26,438 shares as of 12/31/2010.

Walgreen Co. is a national retail pharmacy chain and considered the leader in innovative drugstore retailing. Walgreen Company has a market cap of $38.92 billion; its shares were traded at around $42.19 with a P/E ratio of 18.7 and P/S ratio of 0.6. The dividend yield of Walgreen Company stocks is 1.7%. Walgreen Company had an annual average earning growth of 11.7% over the past 10 years. GuruFocus rated Walgreen Company the business predictability rank of 4.5-star.

New Purchase: Nve Corp. (NVEC)

Bill Frels initiated holdings in Nve Corp.. His purchase prices were between $42.82 and $58, with an estimated average price of $50.18. The impact to his portfolio due to this purchase was 0.04%. His holdings were 26,330 shares as of 12/31/2010.

NVE Corp. is a recognized leader in the practical commercialization of `spintronics`, which many experts believe represents the next generation of microelectronics. Nve Corp. has a market cap of $286.7 million; its shares were traded at around $60.99 with a P/E ratio of 22.2 and P/S ratio of 10.2. Nve Corp. had an annual average earning growth of 65.4% over the past 5 years.

New Purchase: Ishares Trust Russell Midcap Index Fund- Etf (IWR)

Bill Frels initiated holdings in Ishares Trust Russell Midcap Index Fund- Etf. His purchase prices were between $89.84 and $102.23, with an estimated average price of $96.35. The impact to his portfolio due to this purchase was 0.03%. His holdings were 11,240 shares as of 12/31/2010.

Ishares Trust Russell Midcap Index Fund- Etf has a market cap of $6.46 billion; its shares were traded at around $108.97 . The dividend yield of Ishares Trust Russell Midcap Index Fund- Etf stocks is 1.7%.

New Purchase: Schwab U.s. Broad Market Etf (SCHB)

Bill Frels initiated holdings in Schwab U.s. Broad Market Etf. His purchase prices were between $27.238 and $30.44, with an estimated average price of $29.01. The impact to his portfolio due to this purchase was 0.02%. His holdings were 25,480 shares as of 12/31/2010.

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New Purchase: Sei Investments Company (SEIC)

Bill Frels initiated holdings in Sei Investments Company. His purchase prices were between $20.1 and $24.18, with an estimated average price of $22.69. The impact to his portfolio due to this purchase was 0.01%. His holdings were 9,243 shares as of 12/31/2010.

SEI Investments is a global provider of asset management and investment technology solutions. Sei Investments Company has a market cap of $4.35 billion; its shares were traded at around $23.26 with a P/E ratio of 19.1 and P/S ratio of 4.8. The dividend yield of Sei Investments Company stocks is 0.9%. Sei Investments Company had an annual average earning growth of 13.1% over the past 10 years. GuruFocus rated Sei Investments Company the business predictability rank of 2.5-star.

New Purchase: Vanguard Emerging Markets Etf (VWO)

Bill Frels initiated holdings in Vanguard Emerging Markets Etf. His purchase prices were between $45.54 and $49.32, with an estimated average price of $47.16. The impact to his portfolio due to this purchase was 0.01%. His holdings were 7,030 shares as of 12/31/2010.

Vanguard Emerging Markets Etf has a market cap of $42.95 billion; its shares were traded at around $46.4 . The dividend yield of Vanguard Emerging Markets Etf stocks is 1.8%.

New Purchase: Oracle Corp. (ORCL)

Bill Frels initiated holdings in Oracle Corp.. His purchase prices were between $26.9 and $31.76, with an estimated average price of $29.05. The impact to his portfolio due to this purchase was 0.01%. His holdings were 9,875 shares as of 12/31/2010.

Oracle Corporation is one of the world's suppliers of software for information management. Oracle Corp. has a market cap of $167.29 billion; its shares were traded at around $33.11 with a P/E ratio of 18.3 and P/S ratio of 6.3. The dividend yield of Oracle Corp. stocks is 0.6%. Oracle Corp. had an annual average earning growth of 16.7% over the past 10 years. GuruFocus rated Oracle Corp. the business predictability rank of 2.5-star.

New Purchase: Adobe Systems Inc. (ADBE)

Bill Frels initiated holdings in Adobe Systems Inc.. His purchase prices were between $25.6 and $30.97, with an estimated average price of $28.64. The impact to his portfolio due to this purchase was 0.01%. His holdings were 6,533 shares as of 12/31/2010.

Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. Adobe Systems Inc. has a market cap of $17.51 billion; its shares were traded at around $34.69 with a P/E ratio of 22.1 and P/S ratio of 4.6. Adobe Systems Inc. had an annual average earning growth of 11.9% over the past 10 years. GuruFocus rated Adobe Systems Inc. the business predictability rank of 4.5-star.

New Purchase: Ishares Trust S&p 500 Growth Index Fund (IVW)

Bill Frels initiated holdings in Ishares Trust S&p 500 Growth Index Fund. His purchase prices were between $59.02 and $66.05, with an estimated average price of $63.33. The impact to his portfolio due to this purchase was 0.01%. His holdings were 3,366 shares as of 12/31/2010.

Ishares Trust S&p 500 Growth Index Fund has a market cap of $7.55 billion; its shares were traded at around $69.35 . The dividend yield of Ishares Trust S&p 500 Growth Index Fund stocks is 3.4%.

New Purchase: Ameriprise Financial Inc. (AMP)

Bill Frels initiated holdings in Ameriprise Financial Inc.. His purchase prices were between $47.87 and $57.97, with an estimated average price of $53.04. The impact to his portfolio due to this purchase was 0.01%. His holdings were 3,866 shares as of 12/31/2010.

AMERIPRISE FINANCIAL, INC. is a financial planning and services company with financial advisors and registered representatives that provides solutions for clients' asset accumulation, income management and insurance protection needs. Ameriprise Financial Inc. has a market cap of $15.96 billion; its shares were traded at around $64.36 with a P/E ratio of 14.3 and P/S ratio of 1.6. The dividend yield of Ameriprise Financial Inc. stocks is 1.1%.

New Purchase: Woodward Govnr (WGOV)

Bill Frels initiated holdings in Woodward Govnr. His purchase prices were between $30.51 and $39.06, with an estimated average price of $34.38. The impact to his portfolio due to this purchase was 0.01%. His holdings were 11,000 shares as of 12/31/2010.

Woodward Governor Company provides innovative engine controls and fuel delivery systems designed for a wide variety of applications. Woodward Govnr has a market cap of $2.31 billion; its shares were traded at around $33.51 with a P/E ratio of 22.49 and P/S ratio of 1.58. The dividend yield of Woodward Govnr stocks is 0.72%. Woodward Govnr had an annual average earning growth of 15.9% over the past 10 years.

Reduced: Stratasys Inc. (SSYS)

Bill Frels reduced to his holdings in Stratasys Inc. by 31.37%. His sale prices were between $26.86 and $34.46, with an estimated average price of $31.61. The impact to his portfolio due to this sale was -0.18%. Bill Frels still held 418,434 shares as of 12/31/2010.

STRATASYS, INC. develops, manufactures and markets a family of rapid prototyping devices that enable engineers and designers to create physical models, tooling and prototypes out of plastic and other materials directly from computer aided design workstations. Stratasys Inc. has a market cap of $938.9 million; its shares were traded at around $45.45 with a P/E ratio of 77.1 and P/S ratio of 8. Stratasys Inc. had an annual average earning growth of 27.5% over the past 10 years.

Reduced: Surmodics Inc. (SRDX)

Bill Frels reduced to his holdings in Surmodics Inc. by 26.57%. His sale prices were between $8.33 and $13.11, with an estimated average price of $11.02. The impact to his portfolio due to this sale was -0.1%. Bill Frels still held 838,310 shares as of 12/31/2010.

SurModics, Inc. is a provider of surface modification technologies in the areas of biocompatibility, site specific drug delivery, biological cell encapsulation, and medical diagnostics. Surmodics Inc. has a market cap of $217.7 million; its shares were traded at around $12.46 with a P/E ratio of 59.4 and P/S ratio of 3.1. Surmodics Inc. had an annual average earning growth of 5.2% over the past 10 years.

Reduced: Automatic Data Processing Inc. (ADP)

Bill Frels reduced to his holdings in Automatic Data Processing Inc. by 29.51%. His sale prices were between $41.75 and $46.91, with an estimated average price of $44.98. The impact to his portfolio due to this sale was -0.01%. Bill Frels still held 12,182 shares as of 12/31/2010.

Automatic Data Processing, Inc. is one of the largest providers of computerized transaction processing, data communication, and information services in the world. Automatic Data Processing Inc. has a market cap of $24.41 billion; its shares were traded at around $49.5 with a P/E ratio of 20.7 and P/S ratio of 2.8. The dividend yield of Automatic Data Processing Inc. stocks is 2.9%. Automatic Data Processing Inc. had an annual average earning growth of 2.7% over the past 10 years. GuruFocus rated Automatic Data Processing Inc. the business predictability rank of 3.5-star.

Sold Out: Johnson Controls Inc. (JCI)

Bill Frels sold out his holdings in Johnson Controls Inc.. His sale prices were between $30.32 and $39.5, with an estimated average price of $36.02.

Johnson Controls, Inc. is a global market leader in automotive systems and facility management and control. Johnson Controls Inc. has a market cap of $28.51 billion; its shares were traded at around $42.12 with a P/E ratio of 20.1 and P/S ratio of 0.8. The dividend yield of Johnson Controls Inc. stocks is 1.6%.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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