Bill Frels

Last Update: 02-17-2015

Number of Stocks: 193
Number of New Stocks: 9

Total Value: $7,207 Mil
Q/Q Turnover: 2%

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.

Bill Frels is the portfolio manager at Mairs & Power, the investment advisory firm where he started in 1992. Frels plans to retire at the end of 2014, but will remain as the chairman of the investment committee and a shareholder.

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

Investing Philosophy

Mairs & Powers follows a consistent and conservative investment approach. Mutual funds and individual accounts are built on quality growth stocks and fixed income securities. Equity securities are held for relatively long periods of time to maximize tax efficiency. Fixed income securities are held to maturity.

Total Holding History

Performance of Mairs & Power Growth Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20148.1213.69-5.6
201335.6432.393.2
201221.91165.9
3-Year Cumulative78.8 (21.4%/year)74.6 (20.4%/year)4.2 (1%/year)
20110.742.11-1.4
201017.415.062.3
5-Year Cumulative111.4 (16.2%/year)105.1 (15.5%/year)6.3 (0.7%/year)
200922.5226.46-3.9
2008-28.51-378.5
20074.95.49-0.6
200610.2415.79-5.6
20054.374.91-0.5
10-Year Cumulative123.5 (8.4%/year)109.4 (7.7%/year)14.1 (0.7%/year)
200417.9910.887.1
200326.3328.68-2.4
2002-8.12-22.114.0
20016.48-11.8918.4
200026.48-9.135.6
15-Year Cumulative312.3 (9.9%/year)86.4 (4.2%/year)225.9 (5.7%/year)
19997.1621.04-13.9
19989.3628.58-19.2
199728.6633.36-4.7
199627.7622.964.8
199547.737.5810.1
20-Year Cumulative1073.1 (13.1%/year)554.6 (9.8%/year)518.5 (3.3%/year)
19945.661.324.3
199312.8310.082.8
19927.877.620.2
199142.0530.4711.6
19903.63-3.16.7
25-Year Cumulative2120.7 (13.2%/year)893.3 (9.6%/year)1227.4 (3.6%/year)
198928.0631.69-3.6
198810.0316.61-6.6
1987-2.335.1-7.4
198611.5418.6-7.1
198534.7731.63.2
30-Year Cumulative4494 (13.6%/year)2402.2 (11.3%/year)2091.8 (2.3%/year)
1984-2.026.1-8.1
198315.7622.4-6.6
198239.1621.417.8
1981-3.86-51.1
198016.2732.3-16.0
35-Year Cumulative8005.4 (13.4%/year)4858.2 (11.8%/year)3147.2 (1.6%/year)

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

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Mairs & Power Growth Fund Q4 2014 Commentary
Investors could be forgiven if they looked back on 2014 as a year of mixed signals. Concerns about slowing growth in China, a possible recession across Europe and increasing tensions with Russia over their aggressive moves against Ukraine all contributed to market uncertainty. On the other hand, earnings continued to exceed expectations and the rapid decline in energy prices put a tailwind behind the U.S. economy, rewarding investors with the sixth year in a row of positive returns and the longest run since the bull market of the 1990s. More...

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Mairs & Power Small Cap Fund Comments on Donaldson
Minneapolis-based Donaldson (DCI) is a long time Mairs and Power holding, familiar to the firm but new to the Small Cap Fund. The manufacturer of filtration systems and replacement parts in a variety of industries was affected by recent weakness in off-highway vehicle (and Donaldson filters) sales creating an attractive opportunity for the Small Cap Fund to initiate a position in the stock. More...

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Mairs & Power Small Cap Fund Comments on Oasis Petroleum
Oasis Petroleum (OAS) (oil exploration and production) was the worst performing stock for the year. While the company was able to earn phenomenal returns on wells drilled in North Dakota’s Bakken at $100+/barrel oil prices, the economics significantly degrade when oil is less than $50 a barrel. More...

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Mairs & Power Small Cap Fund Comments on Gentherm
Gentherm (THRM) (heating and cooling technology primarily utilized in automobile seats) was also a top performer for the year, though the stock was among the lowest performers in the fourth quarter as some of its business is tied to energy efficiency. Longer term, the company still appears well positioned regardless of what happens with oil prices. More...

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Mairs & Power Small Cap Fund Comments on Vasco Data Security
Vasco Data Security (VDSI) (password authentication hardware and software) led Fund performance for both the quarter and the year. While the company derives most of its revenue outside the U.S., headlines of data breaches at major U.S. corporations are driving consumer demand for better protection of their private information, and Vasco’s data security products are helping the company penetrate the U.S. market. More...

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Mairs & Power Small Cap Fund Q4 2014 Commentary
Investors could be forgiven if they looked back on 2014 as a year of mixed signals. Concerns about slowing growth in China, a possible recession across Europe and increasing tensions with Russia over their aggressive moves against Ukraine all contributed to market uncertainty. On the other hand, earnings continued to exceed expectations and the rapid decline in energy prices put a tailwind behind the U.S. economy, rewarding investors with the sixth year in a row of positive returns and the longest run since the bull market of the 1990s. More...

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Mairs & Power Balanced Fund Q4 2014 Commentary
Investors could be forgiven if they looked back on 2014 as a year of mixed signals. Concerns about slowing growth in China, a possible recession across Europe and increasing tensions with Russia over their aggressive moves against Ukraine all contributed to market uncertainty. On the other hand, earnings continued to exceed expectations and the rapid decline in energy prices put a tailwind behind the U.S. economy, rewarding investors with the sixth year in a row of positive returns and the longest run since the bull market of the 1990s. More...

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Want to Go in Kimberly-Clark Corporation?
In this article, let's take a look at Kimberly-Clark Corporation (KMB), a $39.44 billion market cap company, which is best known for brands such as Kleenex, Scott, Huggies and Kotex. More...

STOCKS, SERVICES


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Costco Is Better Than Competitors Bill Frels,Joel Greenblatt - Costco Is Better Than Competitors
In this article, let's take a look at Costco Wholesale Corporation (COST), a $65.27 billion market cap company, which operates about 650 membership warehouses in the U.S., and other countries such as Puerto Rico, Canada, the U.K., Taiwan, Japan, Korea, Mexico and Australia. More...

Costco


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Apogee Enterprises Practices an Old Recipe
In this article, let's take a look at Apogee Enterprises, Inc. (APOG), a $1.25 billion market cap company, which designs and develops glass products, services, and systems. It operates in two segments, Architectural Products and Services, and Large-Scale Optical Technologies. More...

VALUATION


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Richard Snow's Most Heavily Weighted Stocks Richard Snow,Bill Frels - Richard Snow's Most Heavily Weighted Stocks
Richard Snow (Trades, Portfolio) of Snow Capital Management, L.P. now owns 142 stocks, valued at $2,883 Mil after recently adding to his portfolio, according to our Real Time Picks. More...

FINANCIAL SERVICES SECTOR, SNOW CAPITAL MANAGEMENT, INDUSTRIAL SECTOR, HEALTHCARE SECTOR


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Texas Instruments Continues Trading at its 52-Week High
In this article, let's take a look at the intrinsic value of Texas Instruments Inc. (TXN), a $54.54 billion market cap company that is one of the world's largest manufacturers of semiconductors. It also produces scientific calculator products and DLP products for TVs and video projectors. More...

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MTS Systems: Small Cap with Income and Big Prospects Bill Frels,Charlie Munger - MTS Systems: Small Cap With Income And Big Prospects
In theory, it’s great to talk about emulating the legendary Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio), of Berkshire Hathaway (BRK.A) (BRK.B) fame. But, how do you do that in practice? More...

ENGINEERING, TECHNOLOGY, SCIENTIFIC & TECHNICAL INSTRUMENTS, LONG, MTS Systems


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Betting on a Stock While Digital Payment is Growing
In this article, let's take a look at Visa Inc. (V), a $133.03 billion market cap company, which is the world's largest retail electronic payments network and leading payments brand, providing services to consumers, businesses and governments globally. More...

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Boeing Has Higher Production Rates
In this article, let's take a look at The Boeing Company (BA), a $87.15 billion market cap company, which is the largest aircraft manufacturer in the world, and one of the largest aerospace and defense giant that conducts business through three operating segments. More...

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Mairs & Power Small Cap Fund Comments on Cardiovascular Systems
During the quarter, the Fund added medical device maker Cardiovascular Systems (CSII), one of the few remaining small public medical device companies based in the Twin Cities. The company has a strong position in treating peripheral arterial disease with its proprietary atherectomy equipment. A recent approval in significantly calcified coronary arteries opens up a substantial new market opportunity that the company is working hard to commercialize. More...

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Mairs & Power Small Cap Fund Comments on Chart Industries
Chart Industries (GTLS), which manufactures compressed and liquid natural gas tanks and heat exchangers, has detracted from performance during the third quarter as well as on a year-to-date basis. Longer term, the demand for Chart’s natural gas equipment should increase as significant new natural gas discoveries in the U.S. and overseas will likely keep prices in check relative to oil and diesel alternatives. In the short term, though, the market and infrastructure for these natural gas devices has been slower to develop in the U.S. than hoped. The company’s China-based operations have slowed significantly in keeping with that country’s current economic stumbles. More...

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Mairs & Power Small Cap Fund Comments on Apogee
Apogee (APOG), a commercial glass plating and framing company, has been another strong contributor to performance this year. Currently, Apogee looks ready to benefit from increased demand for commercial construction thanks to a more positive employment outlook and reduced interest in off-shoring American jobs. More...

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Mairs & Power Small Cap Fund Comments on Vasco Data Security
Vasco Data Security (VDSI), a password authentication hardware and software company, continued to lead performance in the quarter and for the year. Through vigorous promotion of its competitive line of data security products, Vasco is making significant headway into the U.S. market. Well publicized data breaches at a growing list of major U.S. corporations is apparently driving consumers to seek out firms like Vasco in their urgency to find better protection for their private data. More...

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Mairs & Power Small Cap Fund Q3 2014 Commentary
With ISIS on the march, the Eurozone’s fits and starts and a potential U.S. confrontation with Russia in the air, third quarter performance could have been expected to take a time-out from this year’s domestic advances. Instead, the Standard & Poor’s Total Return Index rose 1.13% for the third quarter gaining 8.34% year-to-date. Then, defying the consensus of market analysts who thought rates would go up and bond prices would decline, the Barclay’s Government/Credit Index also delivered a slight gain of 0.17% for the period with a 4.12% advance year-to-date. More...

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