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 9.33% return for the S&P Small Cap 600 Total Return (TR) benchmark and the 10.90% return for its peer group, the Morningstar U.S. Fund Small Blend. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Mairs & Power Small Cap Fund’s Q3 2024 investor letter can be downloaded here.