Mairs & Power

Q2 2018 13F · by Andrew Adams, CIO

As of: Jun 30, 2018
Filed: Aug 14, 2018
US stock: $8.1B · prev $8.1B
Positions: 214 · prev 203
Options notional: $0
Documents: 1· no amendments

Picture98.1% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 98.1%
Foreign stock not listed in the US 1.9%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves171 since the prior filing

+4.2 pp in · −4.2 pp out

New 17 +0.79 pp
Added 39 +3.44 pp
Trimmed 109 −4.20 pp
Exited 6 −0.05 pp

The book

Diversified · behaves like 47 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 16% a year, about 6.2 years per position

Low
Moderate
High

Top 5 positions19% of US stock

ECL Ecolab, Inc. trimmed−0.38 pp trimmed−0.384.2%
USB U.S. Bancorp trimmed−0.06 pp trimmed−0.064.1%
MMM 3M Company added−0.12 pp added−0.123.7%
MDT Medtronic plc trimmed+0.05 pp trimmed+0.053.7%
HON Honeywell International, Inc. trimmed−0.21 pp trimmed−0.213.5%

Positions214 in this filing · 6 exited


ECLEcolab, Inc.	4.23%	2,431,804	$341M	trimmed−11%	−0.38 pp	21 q
USBU.S. Bancorp	4.11%	6,628,043	$332M	trimmed−1%	−0.06 pp	21 q
MMM3M Company	3.71%	1,521,917	$299M	added+8%	−0.12 pp	21 q
MDTMedtronic plc	3.68%	3,464,399	$297M	trimmed−6%	+0.05 pp	15 q
HONHoneywell International, Inc.	3.49%	1,954,904	$282M	trimmed−6%	−0.21 pp	21 q
JNJJohnson & Johnson	3.32%	2,207,186	$268M	trimmed−1%	−0.19 pp	21 q
GOOGAlphabet Inc. Class C	3.29%	237,662	$265M	added+15%	+0.66 pp	17 q
HRLHormel Foods Corporation	3.19%	6,908,078	$257M	trimmed−1%	+0.23 pp	21 q
GGGGraco Inc	3.10%	5,531,277	$250M	trimmed−10%	−0.36 pp	21 q
DCIDonaldson Company, Inc.	3.02%	5,400,013	$244M	trimmed−2%	−0.05 pp	21 q
ABTAbbott Laboratories	2.91%	3,845,348	$235M	trimmed−10%	−0.24 pp	21 q
DISThe Walt Disney Company	2.58%	1,987,881	$208M	trimmed−1%	+0.10 pp	21 q
TECHBio-Techne Corp.	2.37%	1,291,677	$191M	trimmed−6%	−0.20 pp	16 q
unresolvedBemis Inc	1.89%	3,617,667	$153M	trimmed−12%	−0.31 pp	21 q
CHRWC.H. Robinson Worldwide, Inc.	1.89%	1,824,408	$153M	trimmed−5%	−0.33 pp	21 q
RHHBYRoche Holding Ltd S/	1.88%	5,481,244	$151M	trimmed−1%	−0.07 pp	20 q
FISVFiserv, Inc.	1.86%	2,026,340	$150M	trimmed−2%	+0.04 pp	21 q
TTCToro Company (The)	1.84%	2,458,831	$148M	trimmed−1%	−0.08 pp	21 q
PFEPfizer Inc.	1.79%	3,971,728	$144M	trimmed−6%	−0.06 pp	21 q
SLBSLB Limited	1.77%	2,124,910	$142M	trimmed−4%	+0.01 pp	21 q
FASTFastenal Co	1.76%	2,943,875	$142M	trimmed−2%	−0.26 pp	21 q
FULH.B. Fuller Company	1.75%	2,627,217	$141M	trimmed−12%	−0.08 pp	21 q
GISGeneral Mills, Inc.	1.72%	3,125,088	$138M	trimmed−1%	−0.04 pp	21 q
WFCWells Fargo & Co.	1.70%	2,479,377	$137M	trimmed−3%	+0.04 pp	21 q
PFGPrincipal Financial Group, Inc.	1.68%	2,558,334	$135M	trimmed−1%	−0.26 pp	21 q
AXPAmerican Express Company	1.62%	1,335,271	$131M	added0%	+0.09 pp	21 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.54%	505,380	$124M	trimmed−2%	+0.18 pp	21 q
ZBHZimmer Biomet Holdings, Inc.	1.51%	1,093,138	$122M	trimmed−1%	+0.02 pp	21 q
MSFTMicrosoft Corp	1.42%	1,157,311	$114M	added+42%	+0.50 pp	21 q
TGTTarget Corporation	1.37%	1,448,678	$110M	trimmed−10%	0.00 pp	21 q
ONBOld National Bancorp	1.20%	5,181,339	$96M	added×16.5	+1.13 pp	2 q
UPSUnited Parcel Service, Inc. Class B	1.18%	896,113	$95M	trimmed−11%	−0.12 pp	21 q
TNCTennant Company	1.16%	1,185,530	$94M	trimmed−1%	+0.16 pp	21 q
GWBGreat Western Bancorp, Inc.	1.14%	2,180,568	$92M	trimmed−0%	+0.05 pp	10 q
PNRPentair plc	1.14%	2,177,136	$92M	trimmed−11%	−0.93 pp	17 q
CORCoresite Realty Corp	1.11%	805,086	$89M	added+15%	+0.25 pp	4 q
LLYEli Lilly & Co.	1.10%	1,036,478	$88M	trimmed−0%	+0.11 pp	21 q
QCOMQualcomm Inc	0.93%	1,341,918	$75M	trimmed−1%	0.00 pp	21 q
BMIBadger Meter, Inc.	0.92%	1,654,188	$74M	trimmed−1%	−0.05 pp	21 q
ASBAssociated Banc-Corp	0.83%	2,436,895	$67M	trimmed−11%	−0.01 pp	21 q
HDHome Depot, Inc.	0.82%	339,821	$66M	trimmed−2%	+0.06 pp	21 q
VVISA Inc.	0.81%	495,459	$66M	added×7.9	+0.72 pp	21 q
GLWCorning Incorporated	0.79%	2,324,548	$64M	trimmed−2%	−0.02 pp	21 q
SNASnap-on Incorporated	0.79%	396,696	$64M	trimmed−1%	+0.06 pp	21 q
NVTnVent Electric plc	0.70%	2,235,332	$56M	new	+0.70 pp	new
BAXBaxter International Inc.	0.68%	742,496	$55M	trimmed−8%	+0.03 pp	21 q
XOMExxon Mobil Corp	0.68%	665,635	$55M	trimmed−9%	+0.01 pp	21 q
CRAYCray, Inc.	0.65%	2,135,718	$53M	trimmed−9%	+0.05 pp	21 q
GNRCGenerac Holdings Inc	0.50%	774,055	$40M	trimmed−9%	+0.02 pp	18 q
NVECNVE Corp	0.50%	329,114	$40M	trimmed−21%	+0.07 pp	21 q
SCHWThe Charles Schwab Corporation	0.50%	794,487	$41M	added+17%	+0.06 pp	21 q
WUThe Western Union Company	0.49%	1,952,238	$40M	trimmed−46%	−0.37 pp	21 q
PRLBProto Labs, Inc.	0.45%	306,773	$36M	trimmed−16%	−0.08 pp	21 q
CVXChevron Corporation	0.44%	280,076	$35M	trimmed−22%	−0.07 pp	21 q
EMREmerson Electric Co.	0.41%	477,214	$33M	trimmed−12%	−0.04 pp	21 q
PDCOPatterson Companies, Inc.	0.38%	1,350,716	$31M	trimmed−23%	−0.10 pp	21 q
TRVThe Travelers Companies, Inc.	0.38%	251,476	$31M	trimmed−3%	−0.06 pp	21 q
THRMGentherm Inc	0.37%	762,635	$30M	trimmed−9%	+0.02 pp	19 q
PGProcter & Gamble Company	0.34%	353,046	$28M	added+2%	0.00 pp	21 q
JPMJPMorgan Chase & Co.	0.32%	249,358	$26M	trimmed−0%	−0.02 pp	21 q
KMBKimberly-Clark Corp.	0.27%	208,489	$22M	trimmed−2%	−0.02 pp	21 q
INTCIntel Corp	0.25%	401,372	$20M	trimmed−1%	−0.01 pp	21 q
LFUSLittelfuse Inc	0.23%	80,350	$18M	added+7%	+0.04 pp	2 q
unresolvedGeneral Electric Co	0.22%	1,327,529	$18M	trimmed−38%	−0.14 pp	21 q
ABBVAbbvie Inc.	0.20%	170,977	$16M	trimmed−2%	0.00 pp	21 q
APOGApogee Enterprises Inc	0.19%	315,430	$15M	trimmed−3%	+0.02 pp	21 q
BMYBristol-Myers Squibb Co.	0.19%	278,944	$15M	trimmed−4%	−0.04 pp	21 q
CFRCullen/Frost Bankers Inc.	0.18%	131,700	$14M	added+1%	+0.01 pp	8 q
GBCIGlacier Bancorp Inc	0.18%	368,530	$14M	added0%	+0.01 pp	8 q
CTLTCatalent, Inc.	0.17%	323,863	$14M	trimmed−6%	0.00 pp	6 q
WTFCWintrust Financial Corp	0.17%	152,880	$13M	trimmed−9%	−0.01 pp	21 q
IBMInternational Business Machines Corporation	0.16%	91,002	$13M	trimmed−25%	−0.07 pp	21 q
42OPhysicians Realty Trust	0.16%	805,240	$13M	trimmed−15%	−0.02 pp	15 q
ATUEnerpac Tool Group Corp.	0.15%	415,775	$12M	trimmed−13%	+0.01 pp	14 q
HSYThe Hershey Company	0.15%	126,703	$12M	trimmed−1%	−0.01 pp	21 q
OSKOshkosh Corp.	0.15%	171,357	$12M	added+7%	0.00 pp	21 q
XELXcel Energy, Inc.	0.15%	266,274	$12M	trimmed−7%	−0.01 pp	21 q
CASYCasey's General Stores Inc	0.14%	109,000	$11M	added0%	−0.01 pp	21 q
BKHBlack Hills Corporation	0.13%	166,610	$10M	trimmed−8%	+0.01 pp	6 q
UFCSUnited Fire Group Inc.	0.13%	195,872	$11M	trimmed−11%	0.00 pp	18 q
AEBAAllete Inc	0.12%	122,338	$9M	trimmed−29%	−0.03 pp	21 q
HUBGHUB Group Inc	0.12%	188,380	$9M	trimmed−14%	+0.01 pp	21 q
MCSThe Marcus Corporation	0.12%	304,923	$10M	trimmed−9%	−0.01 pp	9 q
PINCNPremier Inc-class A	0.12%	274,039	$10M	trimmed−5%	+0.01 pp	8 q
SPYState Street SPDR S&P 500 ETF Trust	0.11%	32,427	$9M	trimmed−29%	−0.04 pp	21 q
COPConocoPhillips	0.10%	119,242	$8M	trimmed−11%	0.00 pp	21 q
TTSTile Shop Hldgs Inc	0.10%	995,110	$8M	added+10%	+0.03 pp	8 q
RAVNRaven Industries Inc	0.08%	162,466	$6M	added0%	+0.01 pp	13 q
VZVerizon Communications	0.08%	121,549	$6M	trimmed−7%	0.00 pp	21 q
AAPLApple Inc.	0.07%	32,658	$6M	added+5%	+0.01 pp	21 q
EMCIEmc Ins Group Inc	0.07%	195,828	$5M	added+3%	+0.01 pp	10 q
MRKMerck & Co., Inc.	0.07%	90,969	$6M	trimmed−3%	+0.01 pp	21 q
OASOasis Petroleum Inc	0.07%	460,820	$6M	trimmed−12%	+0.02 pp	11 q
UBSIUnited Bankshares Inc	0.07%	156,841	$6M	trimmed−15%	−0.01 pp	5 q
WKWorkiva Inc.	0.07%	240,223	$6M	trimmed−12%	−0.01 pp	11 q
CYBECyberoptics Corp	0.06%	267,100	$5M	added0%	0.00 pp	6 q
BRK.BBERKSHIRE HATHAWAY Class B	0.05%	21,867	$4M	added0%	0.00 pp	21 q
unresolvedCalyxt Inc	0.05%	215,909	$4M	added+3%	+0.02 pp	3 q
DLXDeluxe Corporation	0.05%	62,393	$4M	trimmed−2%	−0.01 pp	21 q
HWKNHawkins Inc	0.05%	123,100	$4M	trimmed−9%	−0.01 pp	21 q
INSPInspire Medical Systems, Inc.	0.05%	118,100	$4M	new	+0.05 pp	new
IINIntriCon Corporation	0.05%	109,400	$4M	held	—	3 q
QCRHQCR Holdings Inc	0.05%	90,975	$4M	held	—	6 q
AIRAAR Corp.	0.04%	73,600	$3M	new	+0.04 pp	new
SCHBSchwab U.S. Broad Market ETF	0.04%	45,370	$3M	held	—	21 q
BRK.ABerkshire Hathaway Inc.	0.03%	10	$3M	held	—	20 q
CSIICardiovascular Systems, Inc.	0.03%	81,162	$3M	held	—	16 q
MDUMDU Resources Group, Inc.	0.03%	81,106	$2M	trimmed−30%	−0.01 pp	21 q
MCDMcDonald's Corporation	0.03%	15,471	$2M	trimmed−0%	0.00 pp	21 q
PSXPhillips 66	0.03%	21,736	$2M	trimmed−4%	0.00 pp	21 q
TAT&T Inc.	0.02%	44,194	$1M	added+1%	0.00 pp	21 q
GOOGLAlphabet Inc. Class A	0.02%	1,378	$2M	added+2%	0.00 pp	12 q
AMGNAmgen Inc	0.02%	10,219	$2M	added+3%	0.00 pp	21 q
BPBP p.l.c.	0.02%	29,950	$1M	trimmed−7%	0.00 pp	21 q
BABoeing Company	0.02%	3,869	$1M	added+3%	0.00 pp	21 q
CSCOCisco Systems, Inc. (DE)	0.02%	36,634	$2M	added+8%	0.00 pp	21 q
KOCoca-Cola Company	0.02%	31,686	$1M	added+1%	0.00 pp	21 q
IVViShares Core S&P 500 ETF	0.02%	4,464	$1M	held	—	21 q
MTSCMTS Systems Corp	0.02%	34,575	$2M	trimmed−1%	0.00 pp	21 q
ORCLOracle Corp	0.02%	32,092	$1M	trimmed−0%	0.00 pp	21 q
PEPPepsiCo, Inc.	0.02%	12,807	$1M	trimmed−6%	0.00 pp	21 q
SPSCSPS Commerce, Inc.	0.02%	16,570	$1M	held	—	21 q
SCHFSchwab International Equity ETF	0.02%	50,190	$2M	added+2%	0.00 pp	21 q
UNPUnion Pacific Corp.	0.02%	9,010	$1M	trimmed−3%	0.00 pp	9 q
UTXZRTX Corporation	0.02%	14,421	$2M	added+1%	0.00 pp	21 q
ADBEAdobe Inc.	0.01%	2,100	$512,000	held	—	11 q
AMZNAmazon.Com Inc	0.01%	606	$1M	added+3%	0.00 pp	19 q
AMTAmerican Tower Corporation	0.01%	3,145	$453,000	held	—	2 q
AMATApplied Materials Inc	0.01%	10,077	$465,000	added+21%	0.00 pp	6 q
ADPAutomatic Data Processing	0.01%	5,052	$678,000	held	—	21 q
BDXBecton, Dickinson and Co.	0.01%	3,980	$953,000	trimmed−3%	0.00 pp	21 q
CSXCSX Corporation	0.01%	9,200	$587,000	held	—	6 q
CATCaterpillar Inc.	0.01%	8,040	$1M	added+7%	0.00 pp	21 q
CLColgate-Palmolive Company	0.01%	9,094	$589,000	trimmed−2%	0.00 pp	21 q
COSTCostco Wholesale Corp	0.01%	3,672	$767,000	added+6%	0.00 pp	21 q
unresolvedDowdupont Inc	0.01%	11,410	$752,000	trimmed−22%	0.00 pp	4 q
EXCExelon Corporation	0.01%	13,828	$589,000	trimmed−1%	0.00 pp	21 q
FDXFedEx Corporation	0.01%	2,140	$486,000	trimmed−28%	0.00 pp	21 q
IPGPIPG Photonics Corporation	0.01%	2,000	$441,000	held	—	5 q
IDXXIdexx Laboratories Inc	0.01%	4,298	$937,000	held	—	19 q
ITWIllinois Tool Works Inc.	0.01%	3,450	$478,000	trimmed−5%	0.00 pp	6 q
DVYiShares Select Dividend ETF	0.01%	7,479	$731,000	held	—	11 q
EFAiShares MSCI EAFE ETF	0.01%	7,506	$503,000	held	—	21 q
IWRiShares Russell Mid-Cap ETF	0.01%	3,435	$729,000	held	—	13 q
IJHiShares Core S&P Mid-Cap ETF	0.01%	2,105	$410,000	trimmed−1%	+0.01 pp	15 q
IWDiShares Russell 1000 Value ETF	0.01%	4,835	$587,000	held	—	11 q
IWFiShares Russell 1000 Growth ETF	0.01%	6,545	$941,000	held	—	11 q
IWMiShares Russell 2000 ETF	0.01%	3,475	$569,000	held	—	11 q
LOWLowe's Companies Inc.	0.01%	5,369	$513,000	held	—	21 q
MAMastercard Incorporated	0.01%	2,695	$530,000	added+2%	0.00 pp	3 q
NSCNorfolk Southern Corp.	0.01%	5,165	$779,000	trimmed−3%	0.00 pp	21 q
NADNuveen Quality Municipal Income Fund	0.01%	38,038	$506,000	added×3.1	+0.01 pp	6 q
NMSNuveen Minnesota Quality Municipal Income Fund	0.01%	41,302	$553,000	added+12%	0.00 pp	15 q
PMPhilip Morris International Inc.	0.01%	7,905	$638,000	trimmed−9%	0.00 pp	21 q
PIIPolaris Inc.	0.01%	3,803	$465,000	held	—	21 q
unresolvedShire PLC	0.01%	3,241	$547,000	trimmed−11%	0.00 pp	9 q
SBUXStarbucks Corp	0.01%	10,947	$535,000	held	—	6 q
unresolvedTcf Financial Corp	0.01%	32,926	$811,000	trimmed−3%	0.00 pp	21 q
TMOThermo Fisher Scientific, Inc.	0.01%	2,060	$427,000	added+41%	+0.01 pp	18 q
WECWEC Energy Group, Inc.	0.01%	7,369	$476,000	held	—	13 q
WBAWalgreens Boots Alliance, Inc	0.01%	10,450	$627,000	held	—	15 q
WYWeyerhaeuser Company	0.01%	18,570	$677,000	held	—	19 q
LNTAlliant Energy Corporation	0.00%	7,597	$322,000	added+5%	0.00 pp	19 q
MOAltria Group, Inc.	0.00%	6,682	$379,000	trimmed−7%	−0.01 pp	21 q
AMPAmeriprise Financial, Inc.	0.00%	2,331	$326,000	held	—	20 q
ALVAutoliv, Inc.	0.00%	1,910	$274,000	held	—	15 q
BACBank of America Corporation	0.00%	12,738	$359,000	added+2%	0.00 pp	21 q
BIIBBiogen Inc.	0.00%	1,025	$297,000	held	—	21 q
unresolvedBlackrock Muni Hldgs	0.00%	11,350	$157,000	new	0.00 pp	new
XMVTXBlackrock Munivest Fund II	0.00%	11,450	$160,000	new	0.00 pp	new
CELGCelgene Corp	0.00%	2,980	$237,000	trimmed−2%	0.00 pp	2 q
CNPCenterPoint Energy, Inc.	0.00%	7,459	$207,000	trimmed−3%	0.00 pp	9 q
CERNCerner Corp	0.00%	3,855	$230,000	trimmed−13%	0.00 pp	5 q
CLXClorox Company	0.00%	1,513	$205,000	held	—	11 q
CMCSAComcast Corp	0.00%	7,552	$248,000	trimmed−6%	0.00 pp	7 q
DEDeere & Company	0.00%	1,592	$223,000	held	—	3 q
DDominion Energy, Inc	0.00%	3,632	$248,000	held	—	21 q
DUKDuke Energy Corporation	0.00%	2,750	$217,000	new	0.00 pp	new
unresolvedEaton Vance Muni Bond II	0.00%	10,000	$118,000	new	0.00 pp	new
EIMEaton Vance Municipal Bond Fund	0.00%	26,685	$315,000	new	0.00 pp	new
METAMeta Platforms, Inc. Class A	0.00%	1,358	$264,000	trimmed−0%	0.00 pp	6 q
FLTCorpay, Inc.	0.00%	1,000	$211,000	held	—	2 q
IFFInternational Flavors & Fragrances Inc.	0.00%	2,466	$306,000	held	—	21 q
VMOInvesco Municipal Opportunity Trust	0.00%	10,000	$117,000	new	0.00 pp	new
ICFiShares Select U.S. REIT ETF	0.00%	2,013	$201,000	new	0.00 pp	new
IJTiShares S&P Small-Cap 600 Growth ETF	0.00%	1,655	$313,000	held	—	11 q
KELKellanova	0.00%	4,250	$297,000	held	—	21 q
MRSHMarsh	0.00%	2,466	$202,000	held	—	8 q
NEOGNeogen Corp	0.00%	2,965	$238,000	trimmed−21%	0.00 pp	2 q
NSRGYNestle S.a S/	0.00%	2,650	$205,000	new	0.00 pp	new
NEENextEra Energy, Inc.	0.00%	2,380	$398,000	trimmed−14%	−0.01 pp	21 q
NKENike, Inc.	0.00%	4,400	$351,000	held	—	5 q
NOCNorthrop Grumman Corp.	0.00%	792	$244,000	new	0.00 pp	new
NWBONorthwest Biothrputcs Inc	0.00%	12,500	$3,000	held	—	11 q
NVSNovartis AG	0.00%	3,200	$242,000	trimmed−2%	0.00 pp	21 q
NUWNuveen AMT-Free Municipal Value Fund	0.00%	13,000	$203,000	new	0.00 pp	new
PAYXPaychex Inc	0.00%	4,297	$294,000	held	—	4 q
PMLPimco Municipal Income Fund II Of Beneficial Int.	0.00%	19,200	$251,000	new	0.00 pp	new
PXGBXPraxair Inc	0.00%	2,051	$324,000	held	—	6 q
PCYOPure Cycle Corporation	0.00%	11,855	$113,000	held	—	21 q
RTNRaytheon Company	0.00%	1,375	$266,000	held	—	10 q
ROKRockwell Automation, Inc.	0.00%	1,500	$249,000	new	0.00 pp	new
RDS.ARoyal Dutch Shell PLC	0.00%	5,320	$368,000	held	—	21 q
SEICSEI Investments Co	0.00%	3,300	$206,000	held	—	4 q
CWBState Street SPDR Bloomberg Convertible Securities ETF	0.00%	5,900	$313,000	new	0.00 pp	new
SOThe Southern Company	0.00%	5,217	$242,000	trimmed−3%	0.00 pp	2 q
SYYSysco Corporation	0.00%	4,272	$292,000	held	—	20 q
ULGXUrologix Inc	0.00%	20,000	$2,000	held	—	11 q
VIGVanguard Dividend Appreciation ETF	0.00%	3,204	$326,000	held	—	6 q
WMTWalmart Inc.	0.00%	4,621	$396,000	trimmed−6%	−0.01 pp	21 q
WABCWestamerica Bancorporation	0.00%	5,359	$303,000	held	—	21 q
ZTSZoetis Inc.	0.00%	4,140	$353,000	held	—	2 q
ACNAccenture PLC	0.00%	1,225	$200,000	new	0.00 pp	new
SSYSStratasys Inc (ISRAEL)	0.00%	17,700	$339,000	trimmed−94%	−0.07 pp	21 q
ADCAgree Realty Corporation	—	−90,699	—	exited	−0.05 pp	—
AMEAmetek, Inc.	—	−2,700	—	exited	0.00 pp	—
CAHCardinal Health, Inc.	—	−3,244	—	exited	0.00 pp	—
LMTLockheed Martin Corp.	—	−974	—	exited	0.00 pp	—
OTTROtter Tail Corp	—	−7,008	—	exited	0.00 pp	—
PPGPPG Industries, Inc.	—	−2,020	—	exited	0.00 pp	—