Mairs & Power Balanced Fund Added Amazon (AMZN) Amid Market Share Capture

Core Insights - The Mairs & Power Balanced Fund reported a return of 6.47% in the first nine months of 2025, underperforming benchmark indexes which increased by 11.35% and 10.73% respectively [1] - The market remains concentrated with a few mega-cap stocks, particularly in the AI sector, driving most favorable outcomes [1] Fund Performance - The fund's performance lagged behind the S&P 500 Total Return Index and the Bloomberg U.S. Government/Credit Bond Index [1] - The fund's top five holdings are highlighted as key picks for 2025 [1] Amazon.com, Inc. (NASDAQ:AMZN) Analysis - Amazon.com, Inc. reported a one-month return of -2.44% and a 52-week gain of 1.23%, with a market capitalization of $2.478 trillion as of December 10, 2025 [2] - The fund initiated a new position in Amazon, capitalizing on stock weakness due to tariff news and market decline, viewing it as well-positioned for growth in retail and cloud services [3] Hedge Fund Interest - Amazon.com, Inc. is the most popular stock among hedge funds, with 332 portfolios holding the stock at the end of Q3 2025, an increase from 325 in the previous quarter [4] - The company reported $180.2 billion in revenue for Q3 2025, reflecting a 12% year-over-year increase, excluding foreign exchange impacts [4]