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Yahoo
a day ago
- Business
- Yahoo
Mairs and Power's Strategic Moves: A Closer Look at Meta Platforms Inc.
Insights from the Second Quarter of 2025 Mairs and Power (Trades, Portfolio) recently submitted their 13F filing for the second quarter of 2025, offering a glimpse into their strategic investment decisions during this period. Based in Minnesota, Mairs and Power (Trades, Portfolio) manages three mutual funds: the Growth Fund, the Balanced Fund, and the Small-Cap Fund. Since its inception in 1931, the firm has adhered to a focused long-term investing process. Mairs and Power (Trades, Portfolio) prioritize companies with consistent, above-average growth, strong returns on invested capital, and durable competitive advantages. Their low turnover approach allows for well-considered investment decisions, enabling a deep understanding of business strategies and market cycles. By focusing on less efficient market areas, Mairs and Power (Trades, Portfolio) aim to benefit investors who adopt a long-term perspective, contrasting with many active managers and hedge fund managers who focus on short-term catalysts. Warning! GuruFocus has detected 7 Warning Sign with MSFT. Summary of New Buy Mairs and Power (Trades, Portfolio) added a total of 23 stocks, among them: The most significant addition was Idacorp Inc (NYSE:IDA), with 244,510 shares, accounting for 0.28% of the portfolio and a total value of $28.23 million. The second largest addition to the portfolio was Mairs & Power Minnesota Municipal Bond ETF (MINN), consisting of 206,186 shares, representing approximately 0.04% of the portfolio, with a total value of $4.48 million. The third largest addition was RadNet Inc (NASDAQ:RDNT), with 57,731 shares, accounting for 0.03% of the portfolio and a total value of $3.29 million. Key Position Increases Mairs and Power (Trades, Portfolio) also increased stakes in a total of 100 stocks, among them: The most notable increase was Meta Platforms Inc (NASDAQ:META), with an additional 193,254 shares, bringing the total to 218,761 shares. This adjustment represents a significant 757.65% increase in share count, a 1.4% impact on the current portfolio, with a total value of $161.47 million. The second largest increase was UnitedHealth Group Inc (NYSE:UNH), with an additional 150,506 shares, bringing the total to 1,057,160. This adjustment represents a significant 16.6% increase in share count, with a total value of $329.80 million. Summary of Sold Out Mairs and Power (Trades, Portfolio) completely exited 9 holdings in the second quarter of 2025, as detailed below: Neogen Corp (NASDAQ:NEOG): Mairs and Power (Trades, Portfolio) sold all 455,289 shares, resulting in a -0.04% impact on the portfolio. Vanguard Total Stock Market ETF (VTI): Mairs and Power (Trades, Portfolio) liquidated all 2,585 shares, causing a -0.01% impact on the portfolio. Key Position Reduces Mairs and Power (Trades, Portfolio) also reduced positions in 86 stocks. The most significant changes include: Reduced Best Buy Co Inc (NYSE:BBY) by 672,762 shares, resulting in an -89.58% decrease in shares and a -0.52% impact on the portfolio. The stock traded at an average price of $68.02 during the quarter and has returned 0.30% over the past 3 months and -13.77% year-to-date. Reduced Apple Inc (NASDAQ:AAPL) by 213,024 shares, resulting in a -15.71% reduction in shares and a -0.49% impact on the portfolio. The stock traded at an average price of $202.27 during the quarter and has returned 10.32% over the past 3 months and -6.62% year-to-date. Portfolio Overview At the end of the second quarter of 2025, Mairs and Power (Trades, Portfolio)'s portfolio included 235 stocks. The top holdings included 9.84% in Microsoft Corp (NASDAQ:MSFT), 9.07% in NVIDIA Corp (NASDAQ:NVDA), 5.4% in Inc (NASDAQ:AMZN), 4.3% in JPMorgan Chase & Co (NYSE:JPM), and 3.37% in Graco Inc (NYSE:GGG). The holdings are mainly concentrated in all 11 industries: Technology, Industrials, Financial Services, Healthcare, Consumer Cyclical, Communication Services, Basic Materials, Utilities, Consumer Defensive, Energy, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Yahoo
10-06-2025
- Business
- Yahoo
Canoe Financial announces changes to its mutual fund lineup
CALGARY, Alberta, June 10, 2025 (GLOBE NEWSWIRE) -- Canoe Financial LP ('Canoe Financial') today announced changes to two of its investment funds. Fund name changes Effective June 20 2025, the following name changes will take effect: Canoe Defensive Global Balanced Fund will be renamed Canoe Fundamental Global Balanced Fund Canoe Canadian Small Mid Cap Portfolio Class will be renamed Canoe Fundamental Small Mid Cap Portfolio Class These changes reflect Canoe Financial's continued focus on clarity, precision and alignment between fund names and investment strategies. Canoe Fundamental Global Balanced FundThe new name reflects the fund's change in investment strategy to focus on fundamental, bottom-up security selection, in alignment with Canoe Financial's investment process. This change also removes the risk management overlay previously managed by Nalmont Capital Inc. ('Nalmont'). With the termination of the sub-advisory agreement with Nalmont, as it relates to Canoe Defensive Global Balanced Fund, Canoe Financial and Robert Taylor as its Chief Investment Officer, will be solely responsible for managing the fund's portfolio. Nalmont will continue to act as sub-advisor to Canoe Defensive Global Equity Fund, Canoe Defensive International Equity Fund and Canoe Defensive U.S. Equity Portfolio Class. Canoe Fundamental Small Mid Cap Portfolio ClassTo broaden the fund's opportunity set, the fund's investment strategy has been changed to increase the foreign equity exposure limit to 49%, up from its previous constraint of 30%. This change enhances the fund's ability to capitalize on attractive small- and mid-cap opportunities outside of Canada. The fund's new name reflects this added flexibility while maintaining its focus on high-conviction, actively managed small- and mid-cap equities. No changes have been made to the investment objectives of either Canoe Fundamental Global Balanced Fund or Canoe Fundamental Small Mid Cap Portfolio Class. About Canoe FinancialCanoe Financial is one of Canada's fastest growing independent mutual fund companies managing approximately $20.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal. ContactCanoe Financial LP1-877-434-2796info@ Disclaimer Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
Yahoo
09-06-2025
- Business
- Yahoo
Hong Leong Bank and Lombard Odier partner on multi-asset funds
Hong Leong Asset Management (HLAM) and Hong Leong Bank have announced the launch of the Hong Leong All Roads Funds, a series of three multi-asset investment options aimed at sophisticated investors. This initiative is part of a partnership with Lombard Odier, a private bank and asset manager. The funds are intended to provide a diversified portfolio that caters to different risk profiles, including conservative, balanced, and growth-oriented investors. The Hong Leong All Roads Funds are structured to address the specific investment needs of sophisticated investors. The Hong Leong All Roads Conservative Fund focuses on capital preservation and aims for modest growth with low volatility. For those looking for a balance between risk and return, the Hong Leong All Roads Balanced Fund offers potential for higher returns while maintaining moderate risk. The Hong Leong All Roads Growth Fund targets investors willing to accept higher volatility in pursuit of aggressive growth and substantial returns. HLAM CEO and executive director Chue Kwok Yan said: 'The Hong Leong All Roads Funds are designed to meet these needs, where each fund employs a risk-based asset allocation strategy, ensuring dynamic adjustments to diverse market conditions while aligning with investors' financial objectives.' These funds will be exclusively available through Hong Leong Bank, which will facilitate access via its digital banking platform, HLB Connect, as well as through its extensive branch network and dedicated consultations with priority banking relationship managers and private banking client advisors. Lombard Odier will provide advisory services and bespoke asset management for the funds. As the target fund manager and strategic partner, Lombard Odier will implement institutional-grade investment strategies tailored to the funds. Hong Leong Bank CEO and group managing director Kevin Lam said: 'As clients become more financially astute and aware that achieving and safeguarding their wealth demands a broader spectrum of financial products, we are dedicated to bringing them top-tier, sophisticated investment solutions and insights.' "Hong Leong Bank and Lombard Odier partner on multi-asset funds" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
