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Mairs & Power Guru Bill Frels, Six Reductions

Sally Jones

Sally Jones

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Guru Bill Frels is chairman of the board of Mairs & Power Inc., and lead manager of the Mairs & Power Balanced Fund. The firm recently reported that the Mairs & Power Balanced Fund paid a dividend of $0.45 per share and the Mairs & Power Growth Fund paid a dividend of $0.58 per share, both on June 27, 2013. The firm’s recently updated portfolio lists 179 stocks, 11 of them new, with a total value of $5.23 billion and a quarter-over-quarter turnover of 3%.

According to GuruFocus research, Guru Bill Frels reduced or sold out 19 holdings in the second quarter. Here are the details of his six highest impact reductions, as of June 30, 2013.

Echo Global Logistics Inc. (ECHO): Reduced

Impact to Portfolio: -0.02%

Up 11% over 12 months, Echo Global Logistics Inc. has a market cap of $504.76 million; its shares were traded at around $21.42. The P/E ratio is 38.50.

Historical share pricing:



Guru Action: As of June 30, 2013, Bill Frels reduced his position by 58.87%, selling 43,800 shares at an average price of $18.96, for a gain of 13%. Current shares remaining are 30,600.

He has averaged a gain of 16% on 74,400 shares bought at an average price of $18.49 per share. On shares sold, he has averaged a gain of 13% on 43,800 shares sold at an average price of $18.96 per share.

Cabela’s Inc. (CAB): Reduced

Impact to Portfolio: -0.02%

Up 43% over 12 months, Cabela’s Inc. has a market cap of $4.75 billion; its shares were traded at around $67.30. The P/E ratio is 23.50.

Historical share pricing:



Guru Action: As of June 30, 2013, Bill Frels reduced his position by 39.13%, selling 12,600 shares at an average price of $64.81, for a gain of 3.8%. Current shares remaining are 19,600.

He has averaged a gain of 53% on 32,200 shares bought at an average price of $44.08 per share. On shares sold, he has averaged a gain of 4% on 12,600 shares bought at an average price of $64.81 per share.

Hub Group Inc. (HUBG): Reduced

Impact to Portfolio: -0.01%

Up 28% over 12 months, Hub Group has a market cap of $1.45 billion; its shares were traded at around $38.55. The P/E ratio is 19.90.

Historical share pricing:



Guru Action: As of June 30, 2013, Bill Frels reduced his position by 28.92%, selling

17,800 shares at an average price of $37.09, for a gain of 3.9%. Current shares remaining are 41,700.

He has averaged a gain of 12% on 59,500 shares bought at an average price of $34.44 per share. On shares sold, he has averaged a gain of 4% on 17,800 shares sold at an average price of $37.09 per share.

iShares S&P 500 Index (IVV) ETF: Reduced

Impact to Portfolio: -0.01%

Up 18% over 12 months, the iShares S&P 500 Index, an ETF, has a market cap of $37.07 billion; its shares were traded at around $167.54.

Historical share pricing:



Guru Action: As of June 30, 2013, Bill Frels reduced his position by 21.4%, selling 1,930 shares at an average price of $162.02, for a gain of 3.4%. Current shares remaining are 30,600.

He has averaged a gain of 43% on 22,035 shares bought at an average price of $116.92 per share. On shares sold, he has averaged a gain of 23% on 14,945 shares sold at an average price of $135.99 per share.

Chart Industries Inc. (GTLS): Reduced

Impact to Portfolio: -0.01%

Up 69% over 12 months, Chart Industries has a market cap of $3.64 billion; its shares were traded at around $120.25. The P/E ratio is 49.10.

Historical share pricing:



Guru Action: As of June 30, 2013, Bill Frels reduced his position by 21.7%, selling 4,600 shares at an average price of $87.43, for a gain of 37.5%. Current shares remaining are 16,600.

He has averaged a gain of 74% on 21,200 shares bought at an average price of $69.11 per share. On shares sold, he has averaged a gain of 38% on 4,600 shares sold at an average price of $87.43 per share.

PrivateBancorp Inc. (PVTB): Reduced

Impact to Portfolio: -0.02%

Up 50% over 12 months, PrivateBancorp Inc. has a market cap of $1.84 billion; its shares were traded at around $23.73. The P/E ratio is 18.90.

Historical share pricing:



Guru Action: As of June 30, 2013, Bill Frels reduced his position by 22.89%, selling 27,700 shares at an average price of $19.30, for a gain of 23%. Current shares remaining are 93,300.

He has averaged a gain of 48% on 121,000 shares bought at an average price of $16.01 per share. On shares sold, he has averaged a gain of 23% on 27,700 shares sold at an average price of $19.30 per share.

Mairs & Power Inc. is a privately owned investment firm, established in 1931 in Minnesota. The investment advisory firm has earned its reputation based on more than 70 years of using a conservative approach to investing.

Here is the complete portfolio of Bill Frels.



Be sure to read:

1. Bill Frels's Undervalued Stocks

2. Bill Frels's Top Growth Companies

3. Bill Frels's High Yield stocks

4. Stocks that Bill Frels keeps buying

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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.5/5 (4 votes)

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