Mairs & Power released their second quarter 2025 investor letter, noting a rocky start with tariff uncertainty and conflicts, but ended with a 25% rise from the low. The fund returned 2.66% in the first half of 2025, underperforming benchmark indexes. Top holdings include Fastenal Company, with a one-month return of -4.40% and a market cap of $55.075 billion.

The Mairs & Power Balanced Fund highlighted Fastenal Company in their Q2 2025 letter, noting its positive impact despite sector challenges. Fastenal Company saw growth despite market weakness, with a stock price of $47.99 on September 23, 2025. The fund holds a meaningful position in Toro, which reported slowing revenue growth.

Fastenal Company is held in 42 hedge fund portfolios, up from 39 in the previous quarter. While acknowledging its potential, some believe AI stocks offer greater upside with less risk. Investors seeking an undervalued AI stock benefiting from tariffs and onshoring trends should explore the best short-term AI stock.

Read more at Yahoo Finance: Fastenal Company (FAST) is Growing Amid End Market Weakness