Mairs & Power Growth Fund’s Q3 2025 Investor Letter

Mairs & Power, an investment advisor, released the third-quarter 2025 investor letter for the “Mairs & Power Growth Fund.” In 2025, the market dominance continues to concentrate on a small group of mega-cap stocks associated with artificial intelligence (AI). The fund gained 7.99% in the third quarter, broadly consistent with the S&P 500 Total Return (TR) Index’s 8.12% return and ahead of its peer group, the Morningstar Large Blend index’s 6.93% gain. YTD, the fund is up 10.12% trailing the S&P 500 TR at 14.83% and the peer group at 13.06%. In addition, you can check the fund’s...