THOMPSON INVESTMENT MANAGEMENT, INC.

CIK

1277279

Location

MADISON, WI

Portfolio Value

Small $735,597,301

Diversification

Diversified

Filing Date

Global Rank

#1,837 / 8,232 ▲ 92

Top Industry

Internet Content & Information 7.2%

3Y Alpha vs SPY

+0.7%

Period ended 2 months ago

Filed Apr 8, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+80.3%

SPY

+76.3%

Annualised alpha

+0.9%

Max drawdown

−19.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

341 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.6%

−0.4 pts

Top 5

17.0%

−2.3 pts

Top 10

25.9%

−2.8 pts

HHI

154

Diversified−16

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	21.8%	$160,119,787	48
Healthcare	17.0%	$124,796,145	42
Financial Services	16.6%	$121,891,203	55
Communication Services	10.3%	$76,046,359	12
Consumer Defensive	8.7%	$64,281,282	30
Industrials	8.3%	$60,952,052	51
Consumer Cyclical	5.6%	$41,156,300	35
Energy	5.2%	$38,156,526	14
Real Estate	2.4%	$17,444,421	18
Utilities	2.2%	$15,874,251	12
Basic Materials	1.1%	$8,235,052	15
Unclassified	0.9%	$6,643,923	9

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CHWY	Chewy, Inc.	+231,454	265,962	$7,180,974
NOMD	Nomad Foods Ltd	+111,782	422,913	$4,064,193
CNXC	Concentrix Corp	+98,432	314,586	$8,607,072
OI	O-I Glass, Inc. /DE/	+58,214	763,572	$8,025,141
PYPL	PayPal Holdings, Inc.	+47,797	229,741	$10,391,185
DIS	Walt Disney Co	+35,922	58,817	$5,668,782
PG	PROCTER & GAMBLE Co	+26,410	63,746	$9,207,472
FISV	Fiserv Inc	+25,106	112,581	$6,282,019
KRNT	Kornit Digital Ltd.	+23,469	900,446	$13,200,537
FLG	Flagstar Bank, National Association	+20,782	521,937	$6,873,910
LKQ	Lkq Corp	+20,487	394,786	$11,594,864
MAT	Mattel Inc /De/	+16,050	28,230	$410,181
AMN	Amn Healthcare Services Inc	+13,907	457,020	$8,381,746
NFLX	Netflix Inc	+13,200	13,220	$1,271,103
QCOM	Qualcomm Inc/De	+12,988	95,065	$12,242,470
GPN	Global Payments Inc	+11,309	54,692	$3,680,771
SSNC	SS&C Technologies Holdings Inc	+8,815	57,476	$3,883,653
GEHC	GE HealthCare Technologies Inc.	+8,811	59,798	$4,256,421
ARE	Alexandria Real Estate Equities, Inc.	+8,542	180,636	$8,385,123
CRM	Salesforce, Inc.	+8,182	30,524	$5,697,915
ADBE	Adobe Inc.	+8,070	27,910	$6,784,362
UNH	Unitedhealth Group Inc	+6,950	42,295	$11,444,604
SCHW	Schwab Charles Corp	+6,756	102,917	$9,672,139
KMB	Kimberly Clark Corp	+6,449	59,220	$5,712,953
PFGC	Performance Food Group Co	+6,339	103,619	$8,876,003
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
WBD	Warner Bros. Discovery, Inc.	−556,226	582,920	$16,006,983
VIAV	Viavi Solutions Inc.	−152,779	219,851	$7,316,641
SEE	SEALED AIR CORP/DE	−70,805	2,704	$113,703
GLW	Corning Inc /Ny	−48,804	6,476	$880,541
EA	Electronic Arts Inc.	−42,140	1,231	$250,963
KEYS	Keysight Technologies, Inc.	−20,487	24,438	$6,900,558
LITE	Lumentum Holdings Inc.	−14,245	6,575	$4,620,647
COHR	Coherent Corp.	−11,292	37,962	$9,042,928
VTRS	Viatris Inc	−7,318	1,105,192	$14,931,143
FCX	Freeport-Mcmoran Inc	−5,793	125,683	$7,387,646
XOM	Exxon Mobil Corp	−4,083	150,571	$25,545,875
GOOGL	Alphabet Inc.	−3,376	143,293	$41,205,335
CSCO	Cisco Systems, Inc.	−3,234	148,239	$11,501,864
C	Citigroup Inc	−3,176	140,138	$15,893,049
BBD	Bank Bradesco	−2,552	642	$2,343
PSKY	Paramount Skydance Corp	−1,982	2,602	$23,470
TSN	Tyson Foods, Inc.	−1,815	1,164	$74,577
ADI	Analog Devices Inc	−1,475	13,222	$4,206,447
AAPL	Apple Inc.	−1,053	43,163	$10,954,337
HAS	Hasbro, Inc.	−1,046	5,055	$473,148
GNRC	Generac Holdings Inc.	−867	2,820	$550,830
CVX	Chevron Corp	−837	38,428	$7,950,753
SBUX	Starbucks Corp	−714	598	$53,574
EBAY	Ebay Inc	−708	117,746	$10,717,240
STT	State Street Corp	−659	58,846	$7,447,549
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
INTU	Intuit Inc.	16,602	$7,178,372
HQY	Healthequity, Inc.	63,981	$5,346,892
SPGI	S&P Global Inc.	2,500	$1,063,350
GTBIF	Green Thumb Industries Inc.	95,660	$610,310
AZN	Astrazeneca PLC	313	$61,729
AJG	Arthur J. Gallagher & Co.	243	$52,628
TEM	Tempus AI, Inc.	985	$44,541
CPNG	Coupang, Inc.	575	$10,856
QQQ	Invesco Qqq Trust, Series 1	10	$5,771
WHR	Whirlpool Corp /De/	100	$5,392
AMCR	Amcor plc	21	$834
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
EXAS	EXACT SCIENCES CORP	175,742	$17,848,356
FIG	Figma, Inc.	1,523	$56,914
LMT	Lockheed Martin Corp	83	$40,144
BHC	Bausch Health Companies Inc.	5,025	$34,923
GPC	Genuine Parts Co	225	$27,666
MNKD	Mannkind Corp	2,462	$13,959
ZTS	Zoetis Inc.	71	$8,933
MA	Mastercard Inc	13	$7,421
CHSCP	Chs Inc	190	$5,263
PPL	PPL Corp	105	$3,677
SHW	Sherwin Williams Co	11	$3,564
NUE	Nucor Corp	21	$3,425
APD	Air Products & Chemicals, Inc.	13	$3,211
WTRG	Essential Utilities, Inc.	81	$3,107
KIM	Kimco Realty Corp	150	$3,040
ADM	Archer-Daniels-Midland Co	50	$2,874
NKE	NIKE, Inc.	44	$2,803
EVRG	Evergy, Inc.	38	$2,754
EW	Edwards Lifesciences Corp	30	$2,557
AES	Aes Corp	177	$2,538
PNW	Pinnacle West Capital Corp	28	$2,483
TMUS	T-Mobile US, Inc.	12	$2,436
COP	Conocophillips	26	$2,433
ORA	Ormat Technologies, Inc.	22	$2,430
CMCSA	Comcast Corp	78	$2,185
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

341 positions · $735,597,301 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 341 positions by value · page 1 of 7

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	143,293	-3,376	$41,205,335	−10.2%	5.60%
MSFT	Microsoft Corp Technology	Added	71,057	+5,726	$26,303,169	−16.7%	3.58%
XOM	Exxon Mobil Corp Energy	Reduced	150,571	-4,083	$25,545,875	+37.3%	3.47%
WBD	Warner Bros. Discovery, Inc. Communication Services	Reduced	582,920	-556,226	$16,006,983	−51.2%	2.18%
C	Citigroup Inc Financial Services	Reduced	140,138	-3,176	$15,893,049	−5.0%	2.16%
VTRS	Viatris Inc Healthcare	Reduced	1,105,192	-7,318	$14,931,143	+7.8%	2.03%
KRNT	Kornit Digital Ltd. Industrials	Added	900,446	+23,469	$13,200,537	+4.7%	1.79%
PFE	Pfizer Inc Healthcare	Added	464,171	+716	$13,033,921	+12.9%	1.77%
JPM	Jpmorgan Chase & Co Financial Services	Added	42,317	+125	$12,447,968	−8.4%	1.69%
QCOM	Qualcomm Inc/De Technology	Added	95,065	+12,988	$12,242,470	−12.8%	1.66%
PEP	Pepsico Inc Consumer Defensive	Reduced	77,978	-194	$12,109,203	+7.9%	1.65%
JNJ	Johnson & Johnson Healthcare	Reduced	48,730	-515	$11,911,561	+16.9%	1.62%
BAC	Bank Of America Corp /De/ Financial Services	Added	239,002	+157	$11,651,347	−11.3%	1.58%
LKQ	Lkq Corp Consumer Cyclical	Added	394,786	+20,487	$11,594,864	+2.6%	1.58%
CSCO	Cisco Systems, Inc. Technology	Reduced	148,239	-3,234	$11,501,864	−1.4%	1.56%
UNH	Unitedhealth Group Inc Healthcare	Added	42,295	+6,950	$11,444,604	−1.9%	1.56%
META	Meta Platforms, Inc. Communication Services	Added	19,628	+480	$11,229,767	−11.2%	1.53%
AAPL	Apple Inc. Technology	Reduced	43,163	-1,053	$10,954,337	−8.9%	1.49%
TGT	Target Corp Consumer Defensive	Added	88,778	+531	$10,759,893	+24.7%	1.46%
EBAY	Ebay Inc Consumer Cyclical	Reduced	117,746	-708	$10,717,240	+3.9%	1.46%
PYPL	PayPal Holdings, Inc. Financial Services	Added	229,741	+47,797	$10,391,185	−2.2%	1.41%
SCHW	Schwab Charles Corp Financial Services	Added	102,917	+6,756	$9,672,139	+0.7%	1.31%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	63,746	+26,410	$9,207,472	+72.1%	1.25%
CVS	CVS HEALTH Corp Healthcare	Added	128,182	+933	$9,206,031	−8.8%	1.25%
COHR	Coherent Corp. Technology	Reduced	37,962	-11,292	$9,042,928	−0.5%	1.23%
NXPI	NXP Semiconductors N.V. Technology	Added	45,682	+906	$8,992,958	−7.5%	1.22%
PFGC	Performance Food Group Co Consumer Defensive	Added	103,619	+6,339	$8,876,003	+1.5%	1.21%
CNXC	Concentrix Corp Technology	Added	314,586	+98,432	$8,607,072	−4.2%	1.17%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Added	180,636	+8,542	$8,385,123	−0.4%	1.14%
AMN	Amn Healthcare Services Inc Healthcare	Added	457,020	+13,907	$8,381,746	+20.0%	1.14%
V	Visa Inc. Financial Services	Added	26,803	+361	$8,100,938	−12.6%	1.10%
OI	O-I Glass, Inc. /DE/ Consumer Cyclical	Added	763,572	+58,214	$8,025,141	−22.9%	1.09%
CVX	Chevron Corp Energy	Reduced	38,428	-837	$7,950,753	+32.9%	1.08%
WEC	Wec Energy Group, Inc. Utilities	Added	67,683	+489	$7,835,660	+10.6%	1.07%
STT	State Street Corp Financial Services	Reduced	58,846	-659	$7,447,549	−3.0%	1.01%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	125,683	-5,793	$7,387,646	+10.6%	1.00%
VIAV	Viavi Solutions Inc. Technology	Reduced	219,851	-152,779	$7,316,641	+10.2%	0.99%
NTRS	Northern Trust Corp Financial Services	Reduced	51,745	-214	$7,222,049	+1.8%	0.98%
CHWY	Chewy, Inc. Consumer Cyclical	Added	265,962	+231,454	$7,180,974	+529.6%	0.98%
INTU	Intuit Inc. Technology	NEW	16,602	NEW	$7,178,372	NEW	0.98%
CFG	Citizens Financial Group Inc/Ri Financial Services	Reduced	119,098	-365	$7,142,307	+2.4%	0.97%
FDX	Fedex Corp Industrials	Reduced	20,016	-174	$7,129,298	+22.2%	0.97%
CI	Cigna Group Healthcare	Added	26,487	+2,084	$7,065,407	+5.2%	0.96%
GE	General Electric Co Industrials	Reduced	24,878	-50	$7,059,630	−8.1%	0.96%
ABBV	AbbVie Inc. Healthcare	Added	31,807	+99	$6,917,704	−4.5%	0.94%
KEYS	Keysight Technologies, Inc. Technology	Reduced	24,438	-20,487	$6,900,558	−24.4%	0.94%
PNC	Pnc Financial Services Group, Inc. Financial Services	Reduced	33,078	-159	$6,883,201	−0.8%	0.94%
FLG	Flagstar Bank, National Association Financial Services	Added	521,937	+20,782	$6,873,910	+8.9%	0.93%
ADBE	Adobe Inc. Technology	Added	27,910	+8,070	$6,784,362	−2.3%	0.92%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	105,214	-281	$6,381,229	+12.1%	0.87%