Bill Frels

Last Update: 2014-02-14

Number of Stocks: 210
Number of New Stocks: 33

Total Value: $6,500 Mil
Q/Q Turnover: 4%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Bill Frels' s Profile & Performance

Profile

Mairs and Power Inc is a small firm whose strength and success has resulted from applying a conservative growth investment approach consistently for over 70 years. Both the Growth and Balanced Funds are built on a foundation of selected quality growth stocks purchased at what management considers to be reasonable valuation levels. When these securities are purchased, the intention is to hold these issues for relatively long periods of time to maximize tax-efficiency and allow the power of compounding to build wealth for its shareholders. However, sales are made on occasion in response to such factors as changing fundamentals, investment strategy shifts, and excessive valuation.

Web Page:http://www.mairsandpower.com/

Total Holding History

Performance of Mairs & Power Growth Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201335.6431.554.1
201221.9115.46.5
20110.742.08-1.3
3-Year Cumulative66.6 (18.5%/year)55 (15.7%/year)11.6 (2.8%/year)
201017.415.062.3
200922.5226.46-3.9
5-Year Cumulative139.6 (19.1%/year)125.5 (17.7%/year)14.1 (1.4%/year)
2008-28.51-378.5
20074.95.61-0.7
200610.2415.79-5.6
20054.374.91-0.5
200417.99126.0
10-Year Cumulative143.9 (9.3%/year)104.1 (7.4%/year)39.8 (1.9%/year)
200326.3328.7-2.4
2002-8.12-22.114.0
20016.48-11.918.4
200026.48-9.135.6
19997.1621-13.8
15-Year Cumulative308.6 (9.8%/year)98.3 (4.7%/year)210.3 (5.1%/year)
19989.3628.6-19.2
199728.6633.4-4.7
199627.76234.8
199547.737.610.1
19945.661.34.4
20-Year Cumulative1046.4 (13%/year)483.2 (9.2%/year)563.2 (3.8%/year)
199312.8310.12.7
19927.877.60.3
199142.0530.511.5
19903.63-3.16.7
198928.0631.7-3.6
25-Year Cumulative2530.2 (14%/year)1050.7 (10.3%/year)1479.5 (3.7%/year)
198810.0316.6-6.6
1987-2.335.1-7.4
198611.5418.6-7.1
198534.7731.63.2
1984-2.026.1-8.1
30-Year Cumulative4063.2 (13.2%/year)2235.1 (11.1%/year)1828.1 (2.1%/year)
198315.7622.4-6.6
198239.1621.417.8
1981-3.86-51.1
198016.2732.3-16.0

Top Ranked Articles

Mairs and Power Balanced Fund Third Quarter Commentary: HSY, GM, TGT, IR, BMY
The Balanced Fund produced a disappointing investment return of -10.2% in the third quarter. This result was better than -13.9% for the benchmark Standard & Poor's 500 Index and -11.5% for the Dow Jones Industrial Average but worse than Mairs and Power Composite Index of - 6.7%. The Barclays Capital Government/Credit Bond Index was up 4.7% in the third quarter. Mairs and Power Balanced Fund lightly lagged balanced mutual funds reported by Lipper, which turned in an average return -9.6% in the third quarter. On a year-to-date basis, the fund delivered a return of -5.1% which is better than -8.7% of the S&P 500 but worse than 3.9% for the Dow Jones Industrial average. The Barclays Capital Government/Credit Bond Index was up 7.5% and the Mairs and Power Composite Index was down -2.3% on a year-to-date basis. Read more...
What are Gurus Doing with Target (TGT)?
Target (TGT) is just above 52-week lows and has been on a slide since early January. At the end of 2010 shares traded at $60. Since then Target stocks have given nothing but pain. Bill Ackman, who holds very focused positions, continues to hold a large position in the retailer. In addition to him, 20 other gurus hold positions of varying sizes. Read more...
Mairs & Power Funds Report Q1 Portfolio
Mairs & Power was founded by Bill Frels. The funds invest in growth companies at reasonable prices. 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. Read more...
Mairs & Power Funds Buys Western Union, Norfolk Southern, Baxter International, Sells Adobe Systems Inc., Integrys Energy Group, Nokia Corp.
This is the Q2 portfolio update of Mairs & Power Funds. Mairs & Power Growth Fund is run by the firm’s CIO Bill Frels. Over the past 10 years, the fund averaged 5.93% a year, while the market is negative. The Fund gained 7.9% versus 5.4% for the S&P 500 index in the first quarter. Read more...
Mairs & Power Funds Buys Hormel Buys HRL, MDT, PG, DIS, WAG, NVEC, IWR, SCHB, Sells SSYS, SRDX, ADP, JCI
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. Read more...
» More Bill Frels Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Quality and Good Prices Are the Foundations of Expansion Plans for CarMax
CarMax Inc. (KMX) is engaged as a retailer of used vehicles. The company operates in two segments: CarMax Sales Operations, which consist of auto merchandising and service operations, excluding financing provided by CarMax AutoFinance (CAF); and CAF, which consists of finance operation that provides vehicle financing to customers through its superstores. Let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment. More...

LONG, RETAIL, VEHICLES, USED


  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Bill Frels' Mairs & Power Balance Fund Fourth Quarter 2013 Commentary
The stock market in 2013 had its best year since 1997, ending the year with a high of 32.39%, as measured by the Standard and Poor's 500 Total Return (TR) Index. More...

  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

We Are Confident About Baxter's Plan to Create Two Separate Health Care Companies
Baxter International Inc. (BAX) develops, manufactures and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. The company manufactures products in 27 countries and sells them in more than 100 countries. The company’s operations are comprised of the BioScience and Medical Products segments. More...

LONG, HEALTH, CARE, PHARMA, HEMOPHILIA, IMMUNE, INFECTIOUS, BIOSCIENCE


  • Currently 4.80/5

Rating: 4.8/5 (5 votes)

Verizon Communications – Could It Be Possible to Have a Negative Dividend Growth?
Verizon Communications Inc. (VZ) is the largest U.S. wireless carrier. The firm also offers wire line and broadband services primarily in the northeastern U.S. The company provided wire line service to a million voice connections, and millions of wireless customers are gained due to the joint venture with Vodafone Group (VOD). The firm's competitors include AT&T Inc. (T) and Sprint Corp. (S). More...

LONG, TELECOM, COMMUNICATIONS, MOBILE, WIRELESS, CARRIERS, CARRIER


  • Currently 5.00/5

Rating: 5.0/5 (5 votes)

Anadarko Petroleum – Valuing a Future Income Stream
Anadarko Petroleum Corporation (APC) is one of the largest independent oil and natural gas exploration and production (E&P) companies of the world. With an attractive productive mix, the company is primarily engaged in the exploration, development, production, gathering, processing and marketing of natural gas, crude oil, condensate and natural gas liquids (NGLs). The firm's competitors include BP Plc (BP), Exxon Mobile Corporation (XOM), Chevron Corporation (CVX) and ConocoPhillips (COP). More...

LONG, ENERGY, PETROL, OIL, INDEPENDENT, GAS, EXPLORATION, PRODUCTION


  • Currently 4.60/5

Rating: 4.6/5 (5 votes)

Chevron's Price Is at a 6.5% Discount to Its Intrinsic Value
In a previous article we saw the 13-F's holdings of Absolute Return Investors. Here, let´s analyze one of them, Chevron Corporation (CVX), and see if it is appropriate to be in that long portfolio. The firm does not need too much introduction. The company’s upstream operations include exploring, developing and producing crude oil and natural gas, and processing, liquefaction, transportation and regasification associated with liquefied natural gas. The company’s downstream operations include refining crude oil into petroleum products, and manufactures and markets commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives. The firm's largest competitors include BP Plc (BP) and Exxon Mobil Corp (XOM). More...

LONG, ENERGY, PETROL, OIL, EXONN, HEDGE FUNDS, ABSOLUTE RETURN INVESTORS


  • Currently 3.50/5

Rating: 3.5/5 (4 votes)

Mairs & Power Third Quarter 2013 Commentary
The third quarter of 2013 continued the year's upward march of positive returns. The three months ending September 30 added 5.24% to the S&P 500's year-to-date return of 19.79%. Gains occurred not only in the S&P, but also across the small-cap, mid-cap and international sectors. Despite interest rate concerns, bonds fared well also. More...

  • Currently 4.83/5

Rating: 4.8/5 (6 votes)

A Top Growing Public Company in Minnesota
In a macro view, revenues in the electronic equipment and instrument sub-industry will remain strong due to the rise in equipment and instrument manufacturers. Distributors, electronic manufacturing service (EMS) companies and original equipment manufacturers (OEM) are going to increase orders as the economy improves in the future. With this promising outlook, let's take a look at Gabelli´s last trade and try to explain to investors the reasons of this appealing investment opportunity. More...

ELECTRONIC EQUIPMENT, LONG, MOCO, ELSE, GABELLI


  • Currently 4.42/5

Rating: 4.4/5 (12 votes)

Please Take your Seat and Fasten your Seat Belt: a Stock is Ready to Take Off! Bill Frels,George Soros - Please Take Your Seat And Fasten Your Seat Belt: A Stock Is Ready To Take Off!
International passenger air traffic has grown by an average of 6% annually in the last ten years. International air traffic rose 6% in 2011, according to the International Air Transport Association and is projected to grow 5% annually over the next two decades. On the other hand, the defense industry is driven primarily by the U.S. military budget. Let's take a look at two companies in the Aerospace & Defense sector and see which one is doing better and thus stands as the best investment. More...

LONG, DEFENDE, BOEING, LOCKHEED, AIRCRAFT, AIRPLANE, DRONE, DEFENSE, SEQUESTER, COMMERCIAL


  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Billionaire New Buys - Small Cap Real Estate
In the second quarter of 2013, billionaire investors bought numerous stocks in small cap real estate companies. Here’s a close-up look at four companies and the billionaires who made new buys, mostly in REITs, as of June 30, 2013. More...

REIT – HOTELS & MOTELS, REIT – RETAIL, REIT – OFFICE, REAL ESTATE - GENERAL


  • Currently 3.00/5

Rating: 3.0/5 (5 votes)

Conservative Mairs & Power Decreases and Sell-outs
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%. More...

GROCERY STORES, GOLD, AEROSPACE & DEFENSE, REIT – RESIDENTIAL, METAL FABRICATION, PACKAGED FOODS, SEMICONDUCTORS, COPPER


  • Currently 2.75/5

Rating: 2.8/5 (4 votes)

Bill Frels' Mairs & Power Balanced Fund Fourth Quarter Commentary
Fourth Quarter Results: Reflecting such uncertainties as the Presidential Election, the "Fiscal Cliff" and related tax changes, European financial problems, Middle East turmoil and the growth outlook for China, the overall U.S. stock market was relatively flat during the fourth quarter with the Standard & Poor's 500 showing a slight negative return of -0.38%. Other indexes such as the Dow Jones Industrial Average and the broader Russell 3000 Index showed similar respective returns of -1.74% and 0.25%. More...

  • Currently 3.75/5

Rating: 3.8/5 (4 votes)

Mairs & Power Q3 Commentary
The stock market closed the third quarter within 10% of its all-time high, reached almost exactly five years ago on October 9th, 2007. The market was propelled to these levels by a strong third quarter in which the S&P 500 rose 6.35%, bringing the year-to-date total return to 16.44%. The Mairs and Power Balanced Fund was up 5.65% in the third quarter and up 14.63% through the first three quarters of 2012. During the third quarter, some of Mairs and Power Balanced Funds best performing stocks were MTS Systems (MTSC) (+39%), Sturm Ruger (+23%), Deluxe (DLX) (+23%), Pentair LTD (PNR) (+16%) and Home Depot (HD) (+14%). More...

  • Currently 3.58/5

Rating: 3.6/5 (12 votes)

Mairs and Power Balanced Fund Third Quarter Commentary: HSY, GM, TGT, IR, BMY
The Balanced Fund produced a disappointing investment return of -10.2% in the third quarter. This result was better than -13.9% for the benchmark Standard & Poor's 500 Index and -11.5% for the Dow Jones Industrial Average but worse than Mairs and Power Composite Index of - 6.7%. The Barclays Capital Government/Credit Bond Index was up 4.7% in the third quarter. Mairs and Power Balanced Fund lightly lagged balanced mutual funds reported by Lipper, which turned in an average return -9.6% in the third quarter. On a year-to-date basis, the fund delivered a return of -5.1% which is better than -8.7% of the S&P 500 but worse than 3.9% for the Dow Jones Industrial average. The Barclays Capital Government/Credit Bond Index was up 7.5% and the Mairs and Power Composite Index was down -2.3% on a year-to-date basis. More...

  • Currently 1.43/5

Rating: 1.4/5 (7 votes)

Bill Frels' Mairs and Power Fund Inc. 2Q Letter
Reflecting continuing economic weakness in the second quarter, the Balanced Fund produced a More...

  • Currently 2.86/5

Rating: 2.9/5 (7 votes)

Bill Frels Buys Nalco, Adds Target and Badger Meter
Bill Frels is the lead manager of Mairs and Power, an investment firm that utilizes a conservative investment approach. The firm targets growth stocks and higher rated fixed income securities that are traded at a discount to their true valuation. Equity securities are typically held for relatively long periods of time to maximize tax efficiency and enable compounding to build on principal. Fixed income securities are usually held to maturity, with the firm looking for strong credit quality and ability to produce regular income. Securities are sometimes sold when fundamentals change, investment strategy shifts, or when equities become overvalued, but the firm generally has low portfolio turnover. Over the past decade, the Mairs and Power Growth Fund has produced a ten-year cumulative return of 81%, outperforming the S&P 500's return of 16.4%. In his second-quarter portfolio update, Frels bought Nalco (NLC) and added Target (TGT) and Badger Meter (BMI). More...

BILL FRELS


  • Currently 2.56/5

Rating: 2.6/5 (9 votes)

Mairs & Power Fund Reports Second Quarter Portfolio
Mairs & Power was founded by Bill Frels. The funds invest in growth companies at reasonable prices. 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. More...

  • Currently 2.89/5

Rating: 2.9/5 (9 votes)

Mairs & Power Funds Report Q1 Portfolio
Mairs & Power was founded by Bill Frels. The funds invest in growth companies at reasonable prices. 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. More...

  • Currently 3.40/5

Rating: 3.4/5 (10 votes)

What are Gurus Doing with Target (TGT)?
Target (TGT) is just above 52-week lows and has been on a slide since early January. At the end of 2010 shares traded at $60. Since then Target stocks have given nothing but pain. Bill Ackman, who holds very focused positions, continues to hold a large position in the retailer. In addition to him, 20 other gurus hold positions of varying sizes. More...

BILL ACKMAN, BILL FRELS, RUANE CUNNIFF, LARRY ROBBINS, KENNETH FISHER


  • Currently 2.58/5

Rating: 2.6/5 (12 votes)

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

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