Mairs & Power

Q4 2019 13F · by Andrew Adams, CIO

As of: Dec 31, 2019
Filed: Feb 14, 2020
US stock: $8.8B · prev $8.3B
Positions: 220 · prev 214
Options notional: $0
Documents: 1· no amendments

Picture97.5% US stock

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

US stock listed on a US exchange 97.5%
Foreign stock not listed in the US 2.5%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves198 since the prior filing

+2.7 pp in · −2.6 pp out

New 18 +0.11 pp
Added 86 +2.54 pp
Trimmed 82 −2.53 pp
Exited 12 −0.09 pp

The book

Diversified · behaves like 44 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.2% a year, about 13.8 years per position

Low
Moderate
High

Top 5 positions20% of US stock

GOOG Alphabet Inc. Class C added+0.15 pp added+0.154.5%
USB U.S. Bancorp trimmed+0.01 pp trimmed+0.014.4%
MMM 3M Company added+0.05 pp added+0.053.9%
ECL Ecolab, Inc. trimmed−0.38 pp trimmed−0.383.8%
MDT Medtronic plc trimmed−0.11 pp trimmed−0.113.8%

Positions220 in this filing · 12 exited


GOOGAlphabet Inc. Class C	4.50%	295,960	$396M	added0%	+0.15 pp	23 q
USBU.S. Bancorp	4.40%	6,527,520	$387M	trimmed−1%	+0.01 pp	27 q
MMM3M Company	3.85%	1,920,916	$339M	added0%	+0.05 pp	27 q
ECLEcolab, Inc.	3.82%	1,744,473	$337M	trimmed−1%	−0.38 pp	27 q
MDTMedtronic plc	3.79%	2,940,442	$334M	trimmed−1%	−0.11 pp	21 q
JNJJohnson & Johnson	3.38%	2,039,937	$298M	added+1%	+0.21 pp	27 q
MSFTMicrosoft Corp	3.06%	1,705,629	$269M	added0%	+0.21 pp	27 q
GGGGraco Inc	3.01%	5,088,767	$265M	trimmed−0%	+0.17 pp	27 q
DCIDonaldson Company, Inc.	2.89%	4,414,184	$254M	trimmed−7%	−0.09 pp	27 q
DISThe Walt Disney Company	2.88%	1,754,699	$254M	trimmed−1%	+0.10 pp	27 q
HRLHormel Foods Corporation	2.77%	5,397,072	$243M	trimmed−2%	−0.15 pp	27 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.66%	797,882	$235M	added+2%	+0.61 pp	27 q
RHHBYRoche Holding Ltd S/	2.52%	5,448,518	$222M	added+1%	+0.13 pp	26 q
TECHBio-Techne Corp.	2.50%	1,002,952	$220M	trimmed−4%	+0.04 pp	22 q
HONHoneywell International, Inc.	2.47%	1,227,444	$217M	trimmed−4%	−0.14 pp	27 q
TTCToro Company (The)	2.27%	2,505,141	$200M	trimmed−8%	−0.14 pp	27 q
FISVFiserv, Inc.	2.24%	1,706,458	$197M	trimmed−14%	−0.23 pp	27 q
FASTFastenal Co	2.18%	5,197,215	$192M	trimmed−1%	+0.11 pp	27 q
PFGPrincipal Financial Group, Inc.	1.97%	3,152,237	$173M	added+10%	−0.02 pp	27 q
CHRWC.H. Robinson Worldwide, Inc.	1.94%	2,185,959	$171M	added+5%	−0.20 pp	27 q
ABTAbbott Laboratories	1.93%	1,952,385	$170M	trimmed−16%	−0.43 pp	27 q
AXPAmerican Express Company	1.89%	1,339,343	$167M	trimmed−1%	−0.04 pp	27 q
FULH.B. Fuller Company	1.61%	2,752,281	$142M	added0%	+0.06 pp	27 q
ZBHZimmer Biomet Holdings, Inc.	1.61%	947,660	$142M	trimmed−3%	0.00 pp	27 q
CORCoresite Realty Corp	1.49%	1,167,060	$131M	added+3%	−0.18 pp	10 q
VVISA Inc.	1.45%	677,823	$127M	added+1%	+0.06 pp	27 q
WFCWells Fargo & Co.	1.41%	2,310,746	$124M	trimmed−0%	0.00 pp	27 q
GISGeneral Mills, Inc.	1.33%	2,182,515	$117M	trimmed−2%	−0.15 pp	27 q
LLYEli Lilly & Co.	1.28%	854,404	$112M	added+18%	+0.30 pp	27 q
NVDANvidia Corp	1.26%	472,880	$111M	added+13%	+0.38 pp	3 q
TNCTennant Company	1.26%	1,422,982	$111M	added+1%	+0.05 pp	27 q
PFEPfizer Inc.	1.25%	2,815,414	$110M	trimmed−0%	+0.03 pp	27 q
LFUSLittelfuse Inc	1.15%	528,570	$101M	added+4%	+0.06 pp	8 q
TGTTarget Corporation	1.10%	755,286	$97M	trimmed−7%	+0.06 pp	27 q
QCOMQualcomm Inc	1.04%	1,037,905	$92M	trimmed−18%	−0.12 pp	27 q
NVTnVent Electric plc	0.98%	3,377,760	$86M	added+9%	+0.15 pp	7 q
GWBGreat Western Bancorp, Inc.	0.96%	2,441,830	$85M	added+1%	0.00 pp	16 q
GLWCorning Incorporated	0.80%	2,412,712	$70M	trimmed−1%	−0.04 pp	27 q
MSIMotorola Solutions, Inc. New	0.79%	431,840	$70M	added+42%	+0.16 pp	6 q
HDHome Depot, Inc.	0.78%	313,830	$69M	added+9%	−0.03 pp	27 q
GNRCGenerac Holdings Inc	0.69%	604,328	$61M	trimmed−5%	+0.09 pp	24 q
ONBOld National Bancorp	0.69%	3,334,739	$61M	trimmed−9%	−0.07 pp	8 q
SCHWThe Charles Schwab Corporation	0.69%	1,272,016	$60M	added+2%	+0.06 pp	27 q
ASBAssociated Banc-Corp	0.60%	2,384,426	$53M	trimmed−9%	−0.04 pp	27 q
BMIBadger Meter, Inc.	0.60%	807,344	$52M	trimmed−2%	+0.07 pp	27 q
UPSUnited Parcel Service, Inc. Class B	0.60%	450,594	$53M	trimmed−11%	−0.13 pp	27 q
BAXBaxter International Inc.	0.58%	609,646	$51M	trimmed−0%	−0.07 pp	27 q
PNRPentair plc	0.57%	1,084,420	$50M	trimmed−30%	−0.14 pp	23 q
CLBCore Laboratories Inc.	0.43%	1,014,889	$38M	added+19%	−0.05 pp	6 q
JPMJPMorgan Chase & Co.	0.39%	243,689	$34M	trimmed−1%	+0.04 pp	27 q
ELANElanco Animal Health Incorporated	0.38%	1,122,520	$33M	added+28%	+0.10 pp	4 q
SHWThe Sherwin-Williams Company	0.35%	53,211	$31M	trimmed−0%	0.00 pp	4 q
NVECNVE Corp	0.34%	424,378	$30M	trimmed−1%	0.00 pp	27 q
TRVThe Travelers Companies, Inc.	0.34%	220,278	$30M	trimmed−2%	−0.07 pp	27 q
CVXChevron Corporation	0.32%	230,254	$28M	trimmed−1%	−0.01 pp	27 q
EMREmerson Electric Co.	0.29%	333,187	$25M	trimmed−13%	−0.02 pp	27 q
PGProcter & Gamble Company	0.29%	204,785	$26M	trimmed−3%	−0.03 pp	27 q
SLBSLB Limited	0.29%	638,529	$26M	trimmed−50%	−0.24 pp	27 q
PRLBProto Labs, Inc.	0.27%	230,569	$23M	trimmed−0%	−0.01 pp	27 q
DGIIDigi International Inc	0.26%	1,299,715	$23M	added+5%	+0.06 pp	6 q
THRMGentherm Inc	0.26%	511,157	$23M	trimmed−2%	0.00 pp	25 q
INTCIntel Corp	0.25%	369,607	$22M	trimmed−1%	+0.02 pp	27 q
AMCRAmcor plc	0.25%	1,998,695	$22M	trimmed−41%	−0.15 pp	3 q
CFRCullen/Frost Bankers Inc.	0.21%	191,320	$19M	trimmed−7%	−0.01 pp	14 q
OSKOshkosh Corp.	0.18%	166,030	$16M	trimmed−10%	+0.01 pp	27 q
WTFCWintrust Financial Corp	0.18%	223,285	$16M	added0%	+0.01 pp	27 q
CTLTCatalent, Inc.	0.17%	272,318	$15M	trimmed−5%	+0.01 pp	12 q
KMBKimberly-Clark Corp.	0.17%	108,685	$15M	trimmed−3%	−0.02 pp	27 q
XELXcel Energy, Inc.	0.17%	239,200	$15M	trimmed−0%	−0.02 pp	27 q
BMYBristol-Myers Squibb Co.	0.16%	222,457	$14M	trimmed−3%	+0.02 pp	27 q
GBCIGlacier Bancorp Inc	0.15%	293,307	$13M	added0%	+0.01 pp	14 q
ROKRockwell Automation, Inc.	0.15%	63,270	$13M	added+98%	+0.09 pp	2 q
AIRAAR Corp.	0.14%	275,730	$12M	added0%	0.00 pp	7 q
BKHBlack Hills Corporation	0.14%	153,150	$12M	added0%	0.00 pp	12 q
XOMExxon Mobil Corp	0.14%	179,992	$13M	trimmed−35%	−0.10 pp	27 q
HUBGHUB Group Inc	0.14%	234,455	$12M	trimmed−11%	−0.01 pp	27 q
CCMPCMC Materials, Inc.	0.13%	80,830	$12M	trimmed−2%	−0.01 pp	4 q
CASYCasey's General Stores Inc	0.13%	70,330	$11M	trimmed−3%	−0.01 pp	27 q
HSYThe Hershey Company	0.13%	77,666	$11M	trimmed−0%	−0.02 pp	27 q
INSPInspire Medical Systems, Inc.	0.13%	157,265	$12M	added0%	+0.01 pp	7 q
SPYState Street SPDR S&P 500 ETF Trust	0.13%	36,098	$12M	added×2.3	+0.07 pp	27 q
APOGApogee Enterprises Inc	0.12%	336,840	$11M	added+6%	−0.03 pp	27 q
AAPLApple Inc.	0.12%	37,143	$11M	added+5%	+0.02 pp	27 q
ATUEnerpac Tool Group Corp.	0.11%	383,300	$10M	held	—	20 q
PINCNPremier Inc-class A	0.11%	263,959	$10M	trimmed−8%	+0.01 pp	14 q
42OPhysicians Realty Trust	0.10%	475,805	$9M	added0%	0.00 pp	21 q
SNASnap-on Incorporated	0.10%	52,793	$9M	trimmed−27%	−0.04 pp	27 q
MCSThe Marcus Corporation	0.09%	258,318	$8M	added0%	−0.03 pp	15 q
MRKMerck & Co., Inc.	0.09%	82,528	$8M	added+3%	+0.01 pp	27 q
PDCOPatterson Companies, Inc.	0.09%	406,881	$8M	trimmed−20%	−0.02 pp	27 q
RAVNRaven Industries Inc	0.09%	234,611	$8M	added0%	0.00 pp	19 q
UFCSUnited Fire Group Inc.	0.09%	171,502	$8M	added0%	−0.01 pp	24 q
ABBVAbbvie Inc.	0.08%	75,927	$7M	added0%	+0.01 pp	27 q
VZVerizon Communications	0.08%	119,092	$7M	added+3%	0.00 pp	27 q
COPConocoPhillips	0.07%	100,288	$7M	trimmed−2%	0.00 pp	27 q
MGPIMGP Ingredients Inc	0.07%	118,140	$6M	added+9%	+0.01 pp	5 q
QCRHQCR Holdings Inc	0.07%	147,960	$6M	added+5%	+0.01 pp	12 q
WKWorkiva Inc.	0.07%	139,243	$6M	added+11%	0.00 pp	17 q
BRK.BBERKSHIRE HATHAWAY Class B	0.06%	23,327	$5M	added+5%	0.00 pp	27 q
CPECallon Petroleum Company	0.06%	1,092,438	$5M	new	+0.06 pp	new
CSIICardiovascular Systems, Inc.	0.06%	103,800	$5M	added+4%	0.00 pp	22 q
CYBECyberoptics Corp	0.06%	294,134	$5M	added0%	+0.01 pp	12 q
IINIntriCon Corporation	0.06%	307,166	$6M	added+5%	−0.01 pp	9 q
NWENorthWestern Energy Group, Inc.	0.05%	60,090	$4M	added+25%	+0.01 pp	2 q
UBSIUnited Bankshares Inc	0.05%	111,889	$4M	held	—	11 q
AEBAAllete Inc	0.04%	38,453	$3M	trimmed−9%	0.00 pp	27 q
BRK.ABerkshire Hathaway Inc.	0.04%	10	$3M	trimmed−9%	0.00 pp	26 q
MCDMcDonald's Corporation	0.04%	16,018	$3M	added+1%	0.00 pp	27 q
SCHBSchwab U.S. Broad Market ETF	0.04%	45,370	$3M	held	—	27 q
FEYEFireEye, Inc.	0.03%	145,505	$2M	trimmed−31%	0.00 pp	6 q
HWKNHawkins Inc	0.03%	55,037	$3M	trimmed−16%	0.00 pp	27 q
OASOasis Petroleum Inc	0.03%	934,755	$3M	added+2%	−0.01 pp	17 q
TAT&T Inc.	0.02%	46,006	$2M	added+7%	0.00 pp	27 q
GOOGLAlphabet Inc. Class A	0.02%	1,460	$2M	trimmed−0%	0.00 pp	18 q
AMGNAmgen Inc	0.02%	8,380	$2M	trimmed−5%	0.00 pp	27 q
unresolvedCalyxt Inc	0.02%	221,495	$2M	added+5%	+0.01 pp	9 q
CSCOCisco Systems, Inc. (DE)	0.02%	34,843	$2M	added+4%	0.00 pp	27 q
KOCoca-Cola Company	0.02%	30,372	$2M	added+7%	0.00 pp	27 q
DLXDeluxe Corporation	0.02%	36,789	$2M	trimmed−7%	0.00 pp	27 q
IBMInternational Business Machines Corporation	0.02%	14,729	$2M	trimmed−63%	−0.05 pp	27 q
IVViShares Core S&P 500 ETF	0.02%	4,214	$1M	held	—	27 q
MDUMDU Resources Group, Inc.	0.02%	58,311	$2M	trimmed−9%	0.00 pp	27 q
MTSCMTS Systems Corp	0.02%	31,275	$2M	trimmed−2%	0.00 pp	27 q
ORCLOracle Corp	0.02%	27,348	$1M	added+1%	0.00 pp	27 q
PEPPepsiCo, Inc.	0.02%	13,931	$2M	trimmed−3%	0.00 pp	27 q
PSXPhillips 66	0.02%	19,611	$2M	trimmed−5%	−0.01 pp	27 q
PCHPotlatchDeltic Corporation	0.02%	37,012	$2M	new	+0.02 pp	new
SCHFSchwab International Equity ETF	0.02%	50,190	$2M	held	—	27 q
XLEState Street Energy Select Sector SPDR ETF	0.02%	28,454	$2M	new	+0.02 pp	new
SU6Surmodics Inc	0.02%	45,198	$2M	added+54%	0.00 pp	2 q
UNPUnion Pacific Corp.	0.02%	11,832	$2M	added+40%	0.00 pp	15 q
UTXZRTX Corporation	0.02%	12,663	$2M	trimmed−1%	0.00 pp	27 q
ADBEAdobe Inc.	0.01%	2,314	$763,000	added+13%	0.00 pp	17 q
AMZNAmazon.Com Inc	0.01%	517	$955,000	added+9%	0.00 pp	25 q
AMTAmerican Tower Corporation	0.01%	3,172	$729,000	trimmed−6%	0.00 pp	8 q
AMATApplied Materials Inc	0.01%	8,637	$527,000	added×2.1	+0.01 pp	12 q
ADPAutomatic Data Processing	0.01%	5,172	$882,000	added+2%	0.00 pp	27 q
BPBP p.l.c.	0.01%	22,834	$862,000	added+11%	0.00 pp	27 q
BACBank of America Corporation	0.01%	13,655	$481,000	trimmed−9%	0.00 pp	27 q
BDXBecton, Dickinson and Co.	0.01%	4,561	$1M	added+6%	0.00 pp	27 q
BXBlackstone Inc.	0.01%	10,950	$613,000	added+10%	0.00 pp	3 q
BABoeing Company	0.01%	3,617	$1M	added+2%	−0.01 pp	27 q
CSXCSX Corporation	0.01%	8,060	$583,000	added+7%	0.00 pp	12 q
CATCaterpillar Inc.	0.01%	7,040	$1M	held	—	27 q
CLColgate-Palmolive Company	0.01%	7,276	$501,000	held	—	27 q
COSTCostco Wholesale Corp	0.01%	3,493	$1M	added+1%	0.00 pp	27 q
METAMeta Platforms, Inc. Class A	0.01%	2,854	$586,000	added×2.1	+0.01 pp	4 q
unresolvedGeneral Electric Co	0.01%	102,091	$1M	added+5%	0.00 pp	27 q
IDXXIdexx Laboratories Inc	0.01%	3,420	$893,000	added+1%	0.00 pp	25 q
ITWIllinois Tool Works Inc.	0.01%	2,649	$476,000	held	—	12 q
LOWLowe's Companies Inc.	0.01%	7,203	$863,000	trimmed−2%	0.00 pp	27 q
MAMastercard Incorporated	0.01%	2,676	$799,000	added+7%	0.00 pp	9 q
NEENextEra Energy, Inc.	0.01%	1,822	$441,000	added+10%	+0.01 pp	27 q
NKENike, Inc.	0.01%	4,449	$451,000	added+1%	+0.01 pp	11 q
NSCNorfolk Southern Corp.	0.01%	4,185	$812,000	trimmed−0%	0.00 pp	27 q
NMSNuveen Minnesota Quality Municipal Income Fund	0.01%	37,002	$540,000	held	—	21 q
SBUXStarbucks Corp	0.01%	9,651	$849,000	added+2%	0.00 pp	12 q
TCFTcf Financial Corp	0.01%	14,547	$681,000	trimmed−4%	0.00 pp	2 q
TMOThermo Fisher Scientific, Inc.	0.01%	1,531	$497,000	trimmed−13%	0.00 pp	24 q
VOOVanguard S&P 500 ETF	0.01%	4,188	$1M	new	+0.01 pp	new
WECWEC Energy Group, Inc.	0.01%	7,319	$675,000	held	—	19 q
WMTWalmart Inc.	0.01%	4,647	$552,000	added+1%	0.00 pp	27 q
WBAWalgreens Boots Alliance, Inc	0.01%	8,250	$486,000	trimmed−3%	0.00 pp	21 q
WYWeyerhaeuser Company	0.01%	35,069	$1M	added×2.0	0.00 pp	25 q
ZTSZoetis Inc.	0.01%	4,187	$554,000	added+8%	0.00 pp	8 q
AFLAflac Inc.	0.00%	4,400	$233,000	new	0.00 pp	new
LNTAlliant Energy Corporation	0.00%	5,618	$307,000	held	—	25 q
MOAltria Group, Inc.	0.00%	5,017	$250,000	new	0.00 pp	new
AMPAmeriprise Financial, Inc.	0.00%	2,515	$419,000	added+8%	0.00 pp	26 q
AMEAmetek, Inc.	0.00%	2,738	$273,000	held	—	4 q
AKXAnsys Inc	0.00%	990	$255,000	trimmed−1%	0.00 pp	3 q
AXGNAxogen, Inc.	0.00%	22,000	$394,000	added+47%	0.00 pp	2 q
BBYBest Buy Company, Inc.	0.00%	3,010	$264,000	new	0.00 pp	new
BIIBBiogen Inc.	0.00%	1,025	$304,000	held	—	27 q
BSXBoston Scientific Corp.	0.00%	6,818	$308,000	new	0.00 pp	new
CVSCvs Health Corporation	0.00%	2,873	$213,000	new	0.00 pp	new
CAHCardinal Health, Inc.	0.00%	4,203	$213,000	new	0.00 pp	new
CNPCenterPoint Energy, Inc.	0.00%	9,998	$273,000	added+46%	0.00 pp	2 q
CLXClorox Company	0.00%	1,513	$232,000	held	—	17 q
CMCSAComcast Corp	0.00%	9,240	$416,000	added+22%	0.00 pp	13 q
DDominion Energy, Inc	0.00%	4,646	$385,000	held	—	27 q
DUKDuke Energy Corporation	0.00%	2,974	$271,000	new	0.00 pp	new
EWEdwards Lifesciences Corp	0.00%	1,481	$346,000	added+12%	0.00 pp	6 q
EPDEnterprise Products Partners L.P.	0.00%	9,200	$259,000	held	—	5 q
EXCExelon Corporation	0.00%	6,278	$286,000	trimmed−26%	0.00 pp	27 q
FLTCorpay, Inc.	0.00%	1,000	$288,000	held	—	4 q
GPCGenuine Parts Company	0.00%	1,960	$208,000	new	0.00 pp	new
IPGPIPG Photonics Corporation	0.00%	1,500	$217,000	held	—	11 q
EFAiShares MSCI EAFE ETF	0.00%	6,239	$433,000	held	—	27 q
IJHiShares Core S&P Mid-Cap ETF	0.00%	1,880	$387,000	held	—	21 q
IJTiShares S&P Small-Cap 600 Growth ETF	0.00%	1,655	$320,000	held	—	17 q
IEFAiShares Core MSCI EAFE ETF	0.00%	3,235	$211,000	new	0.00 pp	new
KELKellanova	0.00%	4,268	$295,000	held	—	27 q
LMTLockheed Martin Corp.	0.00%	906	$353,000	added+50%	0.00 pp	3 q
MKCMcCormick & Company, Incorporated Non-VTG CS	0.00%	1,350	$229,000	held	—	4 q
MDLZMondelez International, Inc. Class A	0.00%	4,357	$240,000	trimmed−0%	0.00 pp	4 q
NSRGYNestle S.a S/	0.00%	2,131	$231,000	trimmed−13%	0.00 pp	4 q
NWBONorthwest Biothrputcs Inc	0.00%	12,500	$3,000	held	—	17 q
NVSNovartis AG	0.00%	2,900	$275,000	held	—	27 q
PAYXPaychex Inc	0.00%	2,730	$232,000	added+4%	0.00 pp	10 q
PMPhilip Morris International Inc.	0.00%	5,098	$434,000	trimmed−4%	0.00 pp	27 q
PLUGPlug Power Inc.	0.00%	30,000	$95,000	held	—	3 q
PIIPolaris Inc.	0.00%	2,292	$233,000	held	—	3 q
POMPolymet Mining Corp	0.00%	925,469	$236,000	added×2.1	0.00 pp	3 q
PCYOPure Cycle Corporation	0.00%	11,855	$149,000	held	—	27 q
RTNRaytheon Company	0.00%	1,498	$329,000	added+8%	0.00 pp	16 q
RETAReata Pharmaceuticals, Inc. Class A	0.00%	2,000	$409,000	new	0.00 pp	new
RDS.ARoyal Dutch Shell PLC	0.00%	5,095	$301,000	held	—	27 q
SEICSEI Investments Co	0.00%	3,300	$216,000	new	0.00 pp	new
XLKState Street Technology Select Sector SPDR ETF	0.00%	2,752	$252,000	held	—	4 q
SRTSSensus Healthcare, Inc	0.00%	13,700	$48,000	new	0.00 pp	new
SOThe Southern Company	0.00%	4,417	$281,000	held	—	4 q
SWKStanley Black & Decker, Inc.	0.00%	1,246	$207,000	new	0.00 pp	new
SYYSysco Corporation	0.00%	4,572	$391,000	trimmed−4%	0.00 pp	26 q
VIGVanguard Dividend Appreciation ETF	0.00%	3,204	$399,000	held	—	12 q
VCELVericel Corporation	0.00%	21,000	$365,000	added×2.1	0.00 pp	2 q
WABCWestamerica Bancorporation	0.00%	5,359	$363,000	held	—	27 q
WUThe Western Union Company	0.00%	9,909	$265,000	trimmed−35%	0.00 pp	27 q
ACNAccenture PLC	0.00%	1,004	$211,000	new	0.00 pp	new
OREAllkem Ltd	0.00%	33,000	$60,000	held	—	3 q
CRZOCarrizo Oil & Gas Inc	—	−624,250	—	exited	−0.06 pp	—
TTSTile Shop Hldgs Inc	—	−656,125	—	exited	−0.03 pp	—
CELGCelgene Corp	—	−2,870	—	exited	0.00 pp	—
DEDeere & Company	—	−1,442	—	exited	0.00 pp	—
EIMEaton Vance Municipal Bond Fund	—	−10,316	—	exited	0.00 pp	—
LABStandard BioTools Inc.	—	−10,000	—	exited	0.00 pp	—
HMSYHMS Holdings Corp.	—	−6,010	—	exited	0.00 pp	—
IFFInternational Flavors & Fragrances Inc.	—	−2,466	—	exited	0.00 pp	—
unresolvedInterpace Diagnostics Group	—	−50,000	—	exited	0.00 pp	—
TEUMPareteum Corporation	—	−20,000	—	exited	0.00 pp	—
REZIResideo Technologies, Inc.	—	−14,010	—	exited	0.00 pp	—
unresolvedRockwell Med Inc	—	−20,000	—	exited	0.00 pp	—