Mairs & Power Small Cap Fund’s Q3 2024 Investor Letter

Mairs & Power, an investment advisor, released the “Mairs & Power Small Cap” third quarter 2024 investor letter. Non-technology equities were the market leaders in the first quarter, but mega-cap technology companies made a strong comeback in the second quarter. The market expanded again in the most recent quarter as interest-rate and economically sensitive areas like Utilities, Industrials, and small-cap stocks outperformed. Year-to-date the fund is up 8.95% slightly underperforming the...