Here’s Why Mairs & Power Balanced Fund Initiated a Position in WEC Energy Group (WEC)

Core Insights - Mairs & Power Balanced Fund experienced a challenging start to Q2 2025 but rebounded to a 25% increase by the end of the quarter, with a total return of 2.66% in the first half of 2025, underperforming benchmark indexes [1] Fund Performance - The fund's performance was below benchmark composite indexes, which rose 5.43%, and the Morningstar Moderate Allocation peer group, which increased by 5.67% [1] Investment Focus - The fund highlighted WEC Energy Group, Inc. (NYSE:WEC) as a key investment, noting a one-month return of 3.79% and a 52-week gain of 18.14%, with a market capitalization of $35.972 billion as of September 23, 2025 [2][3] Rationale for Investment - The fund established a new position in WEC Energy Group due to its favorable regulatory environment in Wisconsin and stable service area, providing a quasi-fixed income holding in utilities [3] Hedge Fund Interest - WEC Energy Group was held by 35 hedge fund portfolios at the end of Q2 2025, a slight decrease from 37 in the previous quarter, indicating moderate interest among hedge funds [4]