Copeland Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), Copeland Capital Management, LLC reported 282 stock positions worth $5.0 billion. Its top holding was Encompass Health (EHC) at 2.6% of the portfolio, followed by Ensign (ENSG, 2.4%) and Hamilton Lane Class A (HLNE, 2.3%). Compared with Q4 2024, it opened 17 new positions, sold out of 28, added to 80 and reduced 133. The biggest buy was Concentrix (CNXC, shares +3%) and the biggest sale Shutterstock (SSTK, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Conshohocken, PA
- CIK
- 0001541743
- Portfolio Value
- $5.0B (Q1 2025)
- SEC Filing
- 0001580642-25-002522 ↗ filed Apr 24, 2025
Holdings Value
Holdings 282 stocks · $5.0B
| EHC Encompass Health Corp. | 2.56% | 1,263,771 | $128.0M | Reduce -2.3% |
| ENSG The Ensign Group Inc. | 2.39% | 921,267 | $119.2M | Reduce -2.4% |
| HLNE Hamilton Lane Inc. Class A | 2.28% | 764,889 | $113.7M | Reduce -2.4% |
| KNSL Kinsale Capital Group Inc. | 2.17% | 222,240 | $108.2M | Reduce -2.0% |
| CASY Casey's General Stores Inc. | 2.07% | 238,066 | $103.3M | Reduce -2.3% |
| CHE Chemed Corp. | 1.84% | 149,035 | $91.7M | Reduce -1.7% |
| LMAT Lemaitre Vascular Inc. | 1.81% | 1,078,723 | $90.5M | Reduce -8.0% |
| HOMB Home Bancshares Inc. | 1.80% | 3,174,986 | $89.8M | Reduce -2.6% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 1.67% | 1,729,828 | $83.6M | Reduce -2.7% |
| SXI Standex International Corp. | 1.64% | 506,208 | $81.7M | Reduce -2.7% |
| NXST Nexstar Media Group Inc. | 1.63% | 455,020 | $81.5M | Reduce -15.1% |
| CNS Cohen & Steers Inc. | 1.60% | 997,296 | $80.0M | Reduce -9.0% |
| CNXC Concentrix Corp. | 1.53% | 1,373,432 | $76.4M | Add +3.0% |
| TRNO Terreno Realty Corp. | 1.52% | 1,198,319 | $75.8M | Reduce -0.9% |
| CPK Chesapeake Utilities Corp. | 1.50% | 581,330 | $74.7M | Reduce -2.0% |
| BIPC Brookfield Infrastructure-A | 1.47% | 2,028,779 | $73.4M | Reduce -1.8% |
| VMI Valmont Industries | 1.45% | 253,762 | $72.4M | Reduce -2.6% |
| TNL Travel + Leisure Co. | 1.42% | 1,526,369 | $70.7M | Reduce -2.5% |
| BWXT BWX Technologies Inc. | 1.38% | 698,037 | $68.9M | Reduce -2.6% |
| PRGO Perrigo Co. PLC | 1.38% | 2,452,786 | $68.8M | Add +2.6% |
| PSMT Pricesmart Inc. | 1.38% | 782,353 | $68.7M | Add +25.8% |
| CBT Cabot Corp. | 1.34% | 805,504 | $67.0M | Add +5.8% |
| MTDR Matador Resources Co. | 1.28% | 1,253,988 | $64.1M | Reduce -2.3% |
| FSV Firstservice Corp. | 1.27% | 382,852 | $63.5M | Add +7.2% |
| UNF Unifirst Corp. | 1.26% | 360,416 | $62.7M | Reduce -1.3% |
| HXL Hexcel Corp. | 1.24% | 1,135,008 | $62.2M | Reduce -0.9% |
| NOG Northern Oil and Gas Inc. | 1.24% | 2,042,914 | $61.8M | Reduce -3.4% |
| POWI Power Integrations Inc. | 1.21% | 1,199,136 | $60.6M | Reduce -1.8% |
| WING Wingstop Inc. | 1.18% | 262,257 | $59.2M | Reduce -2.7% |
| USPH U.S. Physical Therapy Inc. | 1.18% | 816,272 | $59.1M | Reduce -2.8% |
| TTEK Tetra Tech Inc. | 1.17% | 2,001,321 | $58.5M | Add +20.5% |
| UFPI Ufp Industries Inc. | 1.15% | 535,382 | $57.3M | Reduce -2.3% |
| AESI Atlas Energy Solutions Inc. | 1.14% | 3,203,592 | $57.2M | Add +42.5% |
| LSTR Landstar System Inc. | 1.13% | 376,090 | $56.5M | Reduce -3.3% |
| OLED Universal Display Corp. | 1.11% | 397,756 | $55.5M | Reduce -1.6% |
| AGM Federal Agric MTG Corp. Class C | 1.08% | 288,767 | $54.1M | Reduce -3.0% |
| WCC Wesco International Inc. | 1.08% | 347,799 | $54.0M | Add +66.0% |
| RS Reliance Inc. | 1.06% | 183,059 | $52.9M | Reduce -0.9% |
| KWR Quaker Chemical Corporation | 1.04% | 420,269 | $51.9M | Add +12.0% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 1.03% | 2,743,774 | $51.3M | Reduce -3.0% |
| YOU Clear Secure Inc. Class A | 1.03% | 1,976,459 | $51.2M | Add +71.4% |
| CGNX Cognex Corp. | 1.02% | 1,705,109 | $50.9M | Reduce -1.6% |
| LFUS Littelfuse Inc. | 1.00% | 253,692 | $49.9M | Reduce -2.1% |
| BC Brunswick Corp. | 0.97% | 901,454 | $48.5M | Reduce -2.4% |
| KLIC Kulicke & Soffa Industries | 0.95% | 1,437,609 | $47.4M | Reduce -4.3% |
| STE Steris PLC | 0.95% | 208,665 | $47.3M | Add +0.1% |
| LKFN Lakeland Financial Corp. | 0.88% | 740,622 | $44.0M | Reduce -3.1% |
| ST Sensata Technologies Holdplc | 0.87% | 1,785,385 | $43.3M | Add +4.5% |
| CRAI Cra International Inc. | 0.86% | 248,696 | $43.1M | Reduce -13.3% |
| UTZ Utz Brands Inc. | 0.86% | 3,035,987 | $42.7M | Reduce -2.6% |
| NSP Insperity Inc. | 0.84% | 468,992 | $41.8M | Add +4.3% |
| POOL Pool Corp. | 0.80% | 125,173 | $39.8M | Reduce -1.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.74% | 203,613 | $37.2M | Reduce -1.4% |
| WH Wyndham Hotels & Resorts Inc. | 0.74% | 406,911 | $36.8M | Reduce -3.0% |
| BAH Booz Allen Hamilton Holdings | 0.73% | 347,650 | $36.4M | Add +57.9% |
| SNDR Schneider National Inc. Class B | 0.72% | 1,572,527 | $35.9M | Reduce -3.1% |
| DPZ Domino's Pizza Inc. | 0.71% | 77,688 | $35.7M | Reduce -0.8% |
| GFL GFL Environmental Inc.-Sub VT | 0.71% | 729,884 | $35.3M | Reduce -19.4% |
| NXRT Nexpoint Residential | 0.71% | 891,235 | $35.2M | Reduce -2.0% |
| NSSC Napco Security Technologies | 0.69% | 1,493,928 | $34.4M | Add +25.1% |
| DGX Quest Diagnostics Inc. | 0.67% | 196,262 | $33.2M | Reduce -1.5% |
| MTRN Materion Corp. | 0.66% | 401,457 | $32.8M | Reduce -2.8% |
| PB Prosperity Bancshares Inc. | 0.65% | 457,379 | $32.6M | Reduce -1.6% |
| CSL Carlisle Cos Inc. | 0.64% | 93,359 | $31.8M | Add +19.9% |
| MSA Msa Safety Inc. | 0.63% | 214,970 | $31.5M | Add +19.2% |
| AGNT Agnt Inc. filed as EXP WORLD HLDGS INC | 0.63% | 3,208,566 | $31.4M | Reduce -18.1% |
| MORN Morningstar Inc. | 0.62% | 103,384 | $31.0M | Reduce -1.9% |
| SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC | 0.62% | 1,399,330 | $30.8M | Add +16.2% |
| PATK Patrick Industries Inc. | 0.60% | 351,356 | $29.7M | Reduce -2.6% |
| NVT Nvent Electric PLC | 0.59% | 564,318 | $29.6M | Add +43.0% |
| RHP Ryman Hospitality Properties | 0.59% | 322,323 | $29.5M | Reduce -4.4% |
| FDS Factset Research Systems Inc. | 0.59% | 64,749 | $29.4M | Reduce -2.0% |
| CHDN Churchill Downs Inc. | 0.57% | 256,048 | $28.4M | Reduce -2.8% |
| CHX Championx Corp. | 0.55% | 918,114 | $27.4M | Add +8.4% |
| DKS Dick's Sporting Goods Inc. | 0.53% | 132,239 | $26.7M | Reduce -19.5% |
| TRU Transunion | 0.53% | 320,839 | $26.6M | Reduce -1.7% |
| KFRC Kforce Inc. | 0.52% | 535,485 | $26.2M | Reduce -0.9% |
| IRMD Iradimed Corp. | 0.52% | 490,544 | $25.7M | Add +3.1% |
| BSY Bentley Systems Inc. Class B | 0.50% | 635,288 | $25.0M | Reduce -3.8% |
| HSTM Healthstream Inc. | 0.49% | 763,690 | $24.6M | Add +101.3% |
| V Visa Inc. Class A | 0.49% | 69,820 | $24.5M | Reduce -2.1% |
| NDSN Nordson Corp. | 0.49% | 120,508 | $24.3M | Add +0.7% |
| BR Broadridge Financial Solutio | 0.46% | 94,725 | $23.0M | Reduce -41.0% |
| RGLD Royal Gold Inc. | 0.45% | 137,990 | $22.6M | Add +106046.1% |
| AVGO Broadcom Inc. | 0.45% | 133,606 | $22.4M | Reduce -16.3% |
| WCN Waste Connections Inc. | 0.43% | 108,785 | $21.2M | Reduce -2.0% |
| AAPL Apple Inc. | 0.42% | 95,375 | $21.2M | Reduce -2.1% |
| NYT New York Times Co. Class A | 0.42% | 422,970 | $21.0M | New |
| MSFT Microsoft Corp. | 0.41% | 55,065 | $20.7M | Reduce -2.1% |
| WINA Winmark Corp. | 0.40% | 63,209 | $20.1M | Reduce -3.1% |
| MS Morgan Stanley | 0.39% | 167,768 | $19.6M | Reduce -2.0% |
| UNH Unitedhealth Group Inc. | 0.38% | 36,118 | $18.9M | Reduce -2.0% |
| ALSN Allison Transmission Holding | 0.37% | 190,921 | $18.3M | Reduce -67.6% |
| LLY Eli Lilly & Co. | 0.36% | 21,682 | $17.9M | Reduce -1.9% |
| AMP Ameriprise Financial Inc. | 0.35% | 36,396 | $17.6M | Reduce -2.3% |
| HII Huntington Ingalls Industrie | 0.33% | 81,592 | $16.6M | Add +5.0% |
| JPM JPMorgan Chase & Co. | 0.33% | 67,462 | $16.5M | Reduce -2.0% |
| MSI Motorola Solutions Inc. | 0.32% | 36,258 | $15.9M | Reduce -2.1% |
| CTAS Cintas Corp. | 0.31% | 75,205 | $15.5M | Add +3.2% |
| COR Cencora Inc. | 0.31% | 55,365 | $15.4M | Add +8730.1% |
Lines left out (1) · $134 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| CDW CDW Corp. | COM | 0 | $134 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $5.0B.
Portfolio Sells Q4 2024 → Q1 2025
| SSTK Shutterstock Inc. | Reduce -99.9% | 0.00% | −0.89 |
| ALSN Allison Transmission Holding | Reduce -67.6% | 0.37% | −0.82 |
| CUBE Cubesmart | Reduce -99.8% | 0.00% | −0.45 |
| KLIC Kulicke & Soffa Industries | Reduce -4.3% | 0.95% | −0.35 |
| CNS Cohen & Steers Inc. | Reduce -9.0% | 1.60% | −0.28 |
| AVGO Broadcom Inc. | Reduce -16.3% | 0.45% | −0.24 |
| WING Wingstop Inc. | Reduce -2.7% | 1.18% | −0.24 |
| NOG Northern Oil and Gas Inc. | Reduce -3.4% | 1.24% | −0.22 |
| BR Broadridge Financial Solutio | Reduce -41.0% | 0.46% | −0.22 |
| NEE Nextera Energy Inc. | Reduce -92.8% | 0.02% | −0.21 |
| AGNT Agnt Inc. | Reduce -18.1% | 0.63% | −0.21 |
| USPH U.S. Physical Therapy Inc. | Reduce -2.8% | 1.18% | −0.20 |
| STZ Constellation Brands Inc. Class A | Reduce -99.5% | 0.00% | −0.20 |
| LMAT Lemaitre Vascular Inc. | Reduce -8.0% | 1.81% | −0.20 |
| POWI Power Integrations Inc. | Reduce -1.8% | 1.21% | −0.19 |
| ACN Accenture PLC Class A | Reduce -91.4% | 0.02% | −0.18 |
| SXI Standex International Corp. | Reduce -2.7% | 1.64% | −0.17 |
| DKS Dick's Sporting Goods Inc. | Reduce -19.5% | 0.53% | −0.17 |
| SNDR Schneider National Inc. Class B | Reduce -3.1% | 0.72% | −0.16 |
| BC Brunswick Corp. | Reduce -2.4% | 0.97% | −0.14 |
| CGNX Cognex Corp. | Reduce -1.6% | 1.02% | −0.14 |
| LFUS Littelfuse Inc. | Reduce -2.1% | 1.00% | −0.14 |
| CRAI Cra International Inc. | Reduce -13.3% | 0.86% | −0.14 |
| LSTR Landstar System Inc. | Reduce -3.3% | 1.13% | −0.11 |
| BWXT BWX Technologies Inc. | Reduce -2.6% | 1.38% | −0.11 |
| MTRN Materion Corp. | Reduce -2.8% | 0.66% | −0.10 |
| LKFN Lakeland Financial Corp. | Reduce -3.1% | 0.88% | −0.10 |
| HXL Hexcel Corp. | Reduce -0.9% | 1.24% | −0.09 |
| CHDN Churchill Downs Inc. | Reduce -2.8% | 0.57% | −0.08 |
| FANG Diamondback Energy Inc. | Reduce -33.3% | 0.19% | −0.08 |
| WINA Winmark Corp. | Reduce -3.1% | 0.40% | −0.07 |
| BSY Bentley Systems Inc. Class B | Reduce -3.8% | 0.50% | −0.07 |
| BIPC Brookfield Infrastructure-A | Reduce -1.8% | 1.47% | −0.07 |
| RHP Ryman Hospitality Properties | Reduce -4.4% | 0.59% | −0.06 |
| MTDR Matador Resources Co. | Reduce -2.3% | 1.28% | −0.06 |
| TNL Travel + Leisure Co. | Reduce -2.5% | 1.42% | −0.05 |
| CRM Salesforce Inc. | Reduce -1.6% | 0.30% | −0.05 |
| UTZ Utz Brands Inc. | Reduce -2.6% | 0.86% | −0.05 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -3.0% | 0.74% | −0.05 |
| KFRC Kforce Inc. | Reduce -0.9% | 0.52% | −0.05 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -19.4% | 0.71% | −0.04 |
| MORN Morningstar Inc. | Reduce -1.9% | 0.62% | −0.04 |
| VMI Valmont Industries | Reduce -2.6% | 1.45% | −0.04 |
| LNG Cheniere Energy Inc. | Reduce -25.5% | 0.19% | −0.03 |
| AAPL Apple Inc. | Reduce -2.1% | 0.42% | −0.03 |
| TRU Transunion | Reduce -1.7% | 0.53% | −0.03 |
| ROST Ross Stores Inc. | Reduce -1.9% | 0.24% | −0.03 |
| MAR Marriott International Class A | Reduce -2.1% | 0.26% | −0.03 |
| EQIX Equinix Inc. | Reduce -3.5% | 0.25% | −0.03 |
| MSFT Microsoft Corp. | Reduce -2.1% | 0.41% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| CNXC Concentrix Corp. | Add +3.0% | 1.53% | +0.46 |
| YOU Clear Secure Inc. Class A | Add +71.4% | 1.03% | +0.45 |
| RGLD Royal Gold Inc. | Add +106046.1% | 0.45% | +0.45 |
| NYT New York Times Co. Class A | New | 0.42% | +0.42 |
| WCC Wesco International Inc. | Add +66.0% | 1.08% | +0.38 |
| PSMT Pricesmart Inc. | Add +25.8% | 1.38% | +0.31 |
| COR Cencora Inc. | Add +8730.1% | 0.31% | +0.31 |
| HSTM Healthstream Inc. | Add +101.3% | 0.49% | +0.27 |
| PRGO Perrigo Co. PLC | Add +2.6% | 1.38% | +0.24 |
| META Meta Platforms Inc. Class A | New | 0.23% | +0.23 |
| AESI Atlas Energy Solutions Inc. | Add +42.5% | 1.14% | +0.22 |
| BAH Booz Allen Hamilton Holdings | Add +57.9% | 0.73% | +0.20 |
| NSP Insperity Inc. | Add +4.3% | 0.84% | +0.19 |
| APH Amphenol Corp. Class A | Add +678.7% | 0.21% | +0.18 |
| STE Steris PLC | Add +0.1% | 0.95% | +0.15 |
| CHX Championx Corp. | Add +8.4% | 0.55% | +0.12 |
| CSL Carlisle Cos Inc. | Add +19.9% | 0.64% | +0.10 |
| NVT Nvent Electric PLC | Add +43.0% | 0.59% | +0.09 |
| MSA Msa Safety Inc. | Add +19.2% | 0.63% | +0.08 |
| FSV Firstservice Corp. | Add +7.2% | 1.27% | +0.07 |
| CTAS Cintas Corp. | Add +3.2% | 0.31% | +0.06 |
| HII Huntington Ingalls Industrie | Add +5.0% | 0.33% | +0.06 |
| KWR Quaker Chemical Corporation | Add +12.0% | 1.04% | +0.06 |
| CBT Cabot Corp. | Add +5.8% | 1.34% | +0.05 |
| MPWR Monolithic Power Systems Inc. | Add +11.5% | 0.26% | +0.04 |
| IRMD Iradimed Corp. | Add +3.1% | 0.52% | +0.03 |
| NDSN Nordson Corp. | Add +0.7% | 0.49% | +0.02 |
| VRT Vertiv Holdings Co. Class A | Add +547.6% | 0.01% | +0.01 |
| FIX Comfort Systems USA Inc. | New | 0.01% | +0.01 |
| SLB SLB Ltd. | Add +13.3% | 0.02% | +0.00 |
| GE General Electric | Add +347.7% | 0.00% | +0.00 |
| TXRH Texas Roadhouse Inc. | Add +1520.4% | 0.00% | +0.00 |
| OWL Blue Owl Capital Inc. | Add +100.6% | 0.00% | +0.00 |
| OSPN Onespan Inc. | New | 0.00% | +0.00 |
| WGO Winnebago Industries | New | 0.00% | +0.00 |
| ESP Espey MFG & Electronics Corp. | New | 0.00% | +0.00 |
| IDT Idt Corp. Class B | New | 0.00% | +0.00 |
| PLBC Plumas Bancorp | New | 0.00% | +0.00 |
| CVLG Covenant Logistics Group Inc. | New | 0.00% | +0.00 |
| KOP Koppers Holdings Inc. | New | 0.00% | +0.00 |
| CTVA Corteva Inc. | Add +0.7% | 0.00% | +0.00 |
| EGP Eastgroup Properties Inc. | Add +0.8% | 0.00% | +0.00 |
| CASS Cass Information Systems Inc. | Add +56.7% | 0.00% | +0.00 |
| PLYM Plymouth Industrial REIT Inc. | Add +79.9% | 0.00% | +0.00 |
| SCL Stepan Co. | Add +68.0% | 0.00% | +0.00 |
| TTNDY Techtronic Industries-SP ADR | Add +202.4% | 0.00% | +0.00 |
| TSQ Townsquare Media Inc. Class A | Add +73.4% | 0.00% | +0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +184.8% | 0.00% | +0.00 |
| ATNI Atn International Inc. | Add +3.2% | 0.00% | +0.00 |
| BFC Bank First Corp. | Add +97.8% | 0.00% | +0.00 |
Notes & Other Activity Q4 2024 → Q1 2025
| CDW CDW Corp. | COM | Reduce -100.0% | 0 | $134 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 265 | $4.9B | KLIC, PSMT, LFUS, CGNX, AAON |
| Q1 2026 | 257 | $4.5B | ENSG, PSMT, LMAT, LFUS, WCC |
| Q4 2025 | 297 | $4.5B | ENSG, WCC, VMI, EHC, PSMT |
| Q3 2025 | 291 | $4.8B | ENSG, EHC, VMI, PSMT, LMAT |
| Q2 2025 | 284 | $4.9B | ENSG, EHC, KNSL, AL, HOMB |
| Q1 2025 | 282 | $5.0B | EHC, ENSG, HLNE, KNSL, CASY |
| Q4 2024 | 294 | $5.4B | ENSG, EHC, HLNE, LMAT, KNSL |
| Q3 2024 | 279 | $5.7B | HLNE, ENSG, EHC, LMAT, KNSL |
| Q2 2024 | 146 | $5.3B | ENSG, EHC, HLNE, CASY, WING |
| Q1 2024 | 272 | $5.5B | ENSG, KNSL, CASY, EHC, SXI |