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

0$2.0B$4.0B$6.0B Q1 2024: $5.5B Q1 2024 Q2 2024: $5.3B Q2 2024 Q3 2024: $5.7B Q3 2024 Q4 2024: $5.4B Q4 2024 Q1 2025: $5.0B $5.0B Q1 2025 Q2 2025: $4.9B Q2 2025 Q3 2025: $4.8B Q3 2025 Q4 2025: $4.5B Q4 2025 Q1 2026: $4.5B Q1 2026 Q2 2026: $4.9B Q2 2026

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%
COST Costco Wholesale Corp. 0.30% 15,995 $15.1M Reduce -1.7%
MSCI MSCI Inc. 0.30% 26,269 $14.9M Reduce -2.0%
INTU Intuit Inc. 0.30% 24,179 $14.8M Reduce -2.1%
CRM Salesforce Inc. 0.30% 55,229 $14.8M Reduce -1.6%
SHW The Sherwin-Williams Co. 0.29% 41,222 $14.4M Reduce -2.1%
ADP Automatic Data Processing 0.28% 46,181 $14.1M Reduce -2.0%
ZTS Zoetis Inc. 0.27% 81,602 $13.4M Reduce -1.9%
MAR Marriott International Class A 0.26% 54,751 $13.0M Reduce -2.1%
TSM Taiwan Semiconductor-SP ADR 0.26% 77,386 $12.8M Add +3.7%
MPWR Monolithic Power Systems Inc. 0.26% 21,985 $12.8M Add +11.5%
HD Home Depot Inc. 0.25% 33,627 $12.3M Reduce -2.0%
EQIX Equinix Inc. 0.25% 15,062 $12.3M Reduce -3.5%
ROST Ross Stores Inc. 0.24% 94,383 $12.1M Reduce -1.9%
META Meta Platforms Inc. Class A 0.23% 20,091 $11.6M New
APH Amphenol Corp. Class A 0.21% 160,143 $10.5M Add +678.7%
LNG Cheniere Energy Inc. 0.19% 41,051 $9.5M Reduce -25.5%
FANG Diamondback Energy Inc. 0.19% 59,197 $9.5M Reduce -33.3%
ODFL Old Dominion Freight Line 0.15% 46,375 $7.7M Reduce -0.9%
RMD Resmed Inc. 0.02% 5,505 $1.2M Reduce -16.2%
AWK American Water Works Co. Inc. 0.02% 7,984 $1.2M Reduce -4.4%
TSCO Tractor Supply Company 0.02% 21,081 $1.2M Reduce -4.4%
OTIS Otis Worldwide Corp. 0.02% 11,157 $1.2M Reduce -8.9%
BAM Brookfield Asset Mgmt-A 0.02% 23,508 $1.1M Reduce -4.6%
NDAQ Nasdaq Inc. 0.02% 14,991 $1.1M Reduce -14.7%
ALL Allstate Corp. 0.02% 4,818 $998K Reduce -5.8%
ELS Equity Lifestyle Properties 0.02% 14,143 $943K Reduce -4.5%
JBHT Hunt (jb) Transprt SVCS Inc. 0.02% 6,349 $939K Reduce -2.4%
EBAY eBay Inc. 0.02% 13,528 $916K Reduce -4.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 21,127 $883K Add +13.3%
NEE Nextera Energy Inc. 0.02% 12,334 $874K Reduce -92.8%
ACN Accenture PLC Class A 0.02% 2,600 $811K Reduce -91.4%
VMC Vulcan Materials Co. 0.02% 3,274 $764K Reduce -4.1%
VRT Vertiv Holdings Co. Class A 0.01% 9,293 $671K Add +547.6%
XOM Exxon Mobil Corp. 0.01% 3,125 $372K No change
AMT American Tower Corp. 0.01% 1,438 $313K No change
JNJ Johnson & Johnson 0.01% 1,828 $303K No change
BLK BlackRock Inc. 0.01% 298 $282K No change
CHD Church & Dwight Co. Inc. 0.01% 2,533 $279K No change
ABBV Abbvie Inc. 0.01% 1,308 $274K No change
FIX Comfort Systems USA Inc. 0.01% 807 $260K New
GE General Electric filed as GE AEROSPACE 0.00% 1,146 $229K Add +347.7%
SSNC Ss&c Technologies Holdings 0.00% 2,704 $226K Reduce -24.2%
MMM 3M Co. 0.00% 1,500 $220K No change
EGP Eastgroup Properties Inc. 0.00% 1,175 $207K Add +0.8%
CTVA Corteva Inc. 0.00% 3,130 $197K Add +0.7%
ARE Alexandria Real Estate Equit 0.00% 2,041 $189K Reduce -77.5%
OWL Blue Owl Capital Inc. 0.00% 8,853 $177K Add +100.6%
ABT Abbott Laboratories 0.00% 1,248 $166K No change
TXRH Texas Roadhouse Inc. 0.00% 875 $146K Add +1520.4%
SYF Synchrony Financial 0.00% 2,628 $139K No change
OZK Bank Ozk 0.00% 3,141 $136K Reduce -29.1%
MCD McDonald's Corp. 0.00% 416 $130K No change
PFE Pfizer Inc. 0.00% 4,983 $126K No change
AMGN Amgen Inc. 0.00% 400 $125K Reduce -2.7%
PPG PPG Industries Inc. 0.00% 936 $102K No change
IPAR Interparfums Inc. 0.00% 775 $88K Reduce -50.0%
CCOI Cogent Communications Holdin 0.00% 1,364 $84K Reduce -80.5%
PEP Pepsico Inc. 0.00% 500 $75K No change
CSGS CSG Systems Intl Inc. 0.00% 1,227 $74K Reduce -20.9%
CWCO Consolidated Water Co.-Ord SH 0.00% 2,778 $68K Add +5.5%
EEX Emerald Holding Inc. 0.00% 16,610 $65K Add +40.5%
OSPN Onespan Inc. 0.00% 4,228 $64K New
WGO Winnebago Industries 0.00% 1,862 $64K New
ESI Element Solutions Inc. 0.00% 2,787 $63K Reduce -22.6%
STC Stewart Information Services 0.00% 871 $62K Add +5.6%
CASS Cass Information Systems Inc. 0.00% 1,432 $62K Add +56.7%
PFBC Preferred Bank/Los Angeles 0.00% 727 $61K Add +5.7%
CRCT Cricut Inc. Class A 0.00% 11,715 $60K Add +5.6%
WSR Whitestone REIT 0.00% 4,127 $60K Add +5.5%
SCL Stepan Co. 0.00% 1,048 $58K Add +68.0%
TPB Turning Point Brands Inc. 0.00% 967 $57K Add +5.5%
LFVN Lifevantage Corp. 0.00% 3,937 $57K Add +5.5%
IDT Idt Corp. Class B 0.00% 1,116 $57K New
PLYM Plymouth Industrial REIT Inc. 0.00% 3,509 $57K Add +79.9%
FSBW FS Bancorp Inc. 0.00% 1,500 $57K Add +5.6%
REPX Riley Exploration Permian Inc. 0.00% 1,943 $57K Add +5.5%
GRC Gorman-Rupp Co. 0.00% 1,597 $56K Add +5.6%
TIPT Tiptree Inc. 0.00% 2,324 $56K Reduce -20.1%
MGIC Magic Software Enterprises 0.00% 4,285 $56K Add +5.6%
ESP Espey MFG & Electronics Corp. 0.00% 2,046 $56K New
RICK Rci Hospitality Holdings Inc. 0.00% 1,292 $55K Add +5.6%
TSQ Townsquare Media Inc. Class A 0.00% 6,753 $55K Add +73.4%
CNOB Connectone Bancorp Inc. 0.00% 2,251 $55K Add +5.6%
MRK Merck & Co. Inc. 0.00% 600 $54K No change
VSTS Vestis Corp. 0.00% 5,428 $54K Add +33.0%
RPC Ridgepost Capital Inc. Class A filed as P10 INC 0.00% 4,565 $54K Reduce -16.3%
IMMR Immersion Corporation 0.00% 7,058 $53K Add +5.6%
BSVN BANK7 Corp. 0.00% 1,376 $53K Add +5.6%
PLBC Plumas Bancorp 0.00% 1,231 $53K New
ISTR Investar Holding Corp. 0.00% 3,001 $53K Add +26.4%
CVLG Covenant Logistics Group Inc. 0.00% 2,361 $52K New
CSPI CSP Inc. 0.00% 3,412 $52K Reduce -24.7%
RYZ Ryerson Holding Corp. 0.00% 2,245 $52K Reduce -21.6%
CUBE Cubesmart 0.00% 1,203 $51K Reduce -99.8%
CHRD Chord Energy Corp. 0.00% 446 $50K Reduce -64.7%
RNGR Ranger Energy Services Class A 0.00% 3,493 $50K Add +5.5%
KOP Koppers Holdings Inc. 0.00% 1,762 $49K New
NHC National Healthcare Corp. 0.00% 525 $49K Add +5.6%
ALNT Allient Inc. 0.00% 2,201 $48K Reduce -18.2%
UTMD Utah Medical Products Inc. 0.00% 851 $48K Add +5.5%
ESQ Esquire Financial Holdings I 0.00% 609 $46K Reduce -20.9%
STZ Constellation Brands Inc. Class A 0.00% 238 $44K Reduce -99.5%
ITRN Ituran Location and Control 0.00% 1,206 $44K Reduce -37.1%
GIC Global Industrial Co. 0.00% 1,924 $43K Add +5.7%
CABO Cable One Inc. 0.00% 155 $41K Add +5.4%
III Information Services Group 0.00% 10,470 $41K Add +5.6%
SWBI Smith & Wesson Brands Inc. 0.00% 4,301 $40K Add +5.6%
ATNI Atn International Inc. 0.00% 1,912 $39K Add +3.2%
SD Sandridge Energy Inc. 0.00% 3,140 $36K Add +5.6%
KRT Karat Packaging Inc. 0.00% 1,316 $35K Reduce -49.5%
PZZA Papa John's Intl Inc. 0.00% 845 $35K Add +5.8%
WST West Pharmaceutical Services 0.00% 149 $33K Reduce -95.3%
SSTK Shutterstock Inc. 0.00% 1,745 $33K Reduce -99.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 258 $31K No change
JBSS John B. Sanfilippo & Son Inc. filed as SANFILIPPO JOHN B & SON INC 0.00% 440 $31K Add +5.5%
TTNDY Techtronic Industries-SP ADR 0.00% 511 $31K Add +202.4%
SOLV Solventum Corp. 0.00% 374 $28K No change
ABM Abm Industries Inc. 0.00% 586 $28K Reduce -15.1%
NVO Novo-Nordisk A/S-Spons ADR 0.00% 393 $27K Add +184.8%
ROL Rollins Inc. 0.00% 459 $25K No change
GL Globe Life Inc. 0.00% 168 $22K Reduce -14.3%
GEV GE Vernova Inc. 0.00% 64 $20K No change
GS Goldman Sachs Group Inc. 0.00% 34 $19K No change
WFC Wells Fargo & Co. 0.00% 258 $19K No change
BFC Bank First Corp. 0.00% 178 $18K Add +97.8%
SONY Sony Group Corp. - SP ADR 0.00% 660 $17K Reduce -22.4%
CB Chubb Ltd. 0.00% 54 $16K No change
T AT&T Inc. 0.00% 554 $16K Add +0.4%
TCEHY Tencent Holdings Ltd.-Uns ADR 0.00% 205 $13K No change
CIVI Civitas Resources Inc. 0.00% 319 $11K Reduce -85.8%
SEIC Sei Investments Company 0.00% 135 $10K No change
ELAN Elanco Animal Health Inc. 0.00% 983 $10K No change
ICE Intercontinental Exchange Inc. 0.00% 54 $9K No change
SPGI S&P Global Inc. 0.00% 17 $9K New
TTDKY TDK Corp.-Sponsored ADR 0.00% 810 $9K No change
NJDCY Nidec Corporation-Spon ADR 0.00% 1,992 $8K No change
SMNNY Shimano Inc.-Unspon ADR 0.00% 576 $8K No change
BOX Box Inc. Class A 0.00% 235 $7K New
CRH CRH PLC 0.00% 79 $7K Reduce -14.1%
STVN Stevanato Group SPA 0.00% 340 $7K Reduce -69.5%
SYK Stryker Corp. 0.00% 17 $6K No change
UBS UBS Group AG-Reg 0.00% 171 $5K No change
IBDRY Iberdrola SA-Sponsored ADR 0.00% 65 $4K No change
NSRGY Nestle SA-Spons ADR 0.00% 40 $4K Add +17.6%
RHHBY Roche Holdings Ltd.-Spons ADR 0.00% 91 $4K No change
DNBBY DNB Bank ASA - SPN ADR 0.00% 140 $4K No change
AAGIY Aia Group Ltd.-SP ADR 0.00% 114 $3K No change
DBSDY DBS Group Holdings-Spon ADR 0.00% 25 $3K Reduce -19.4%
NVZMY Novonesis (novozymes)-ADR filed as NOVOZYMES A/S-UNSPONS ADR 0.00% 57 $3K Add +26.7%
THLLY Thales SA - Unsp ADR 0.00% 62 $3K Reduce -36.1%
BNPQY BNP Paribas-ADR 0.00% 79 $3K New
BAESY Bae Systems PLC -Spon ADR 0.00% 40 $3K No change
CNQ Canadian Natural Resources 0.00% 102 $3K No change
UL Unilever PLC 0.00% 50 $3K No change
MRAAY Murata Manufactur-Unspon ADR 0.00% 380 $3K No change
AIQUY Air Liquide-Unsponsored ADR 0.00% 76 $3K New
BNTGY Brenntag SE-Unsp ADR 0.00% 220 $3K Add +23.6%
SHECY Shin-Etsu Chem-Unspon ADR 0.00% 197 $3K Add +41.7%
WTKWY Wolters Kluwer NV-Spons ADR 0.00% 18 $3K No change
SBGSY Schneider Elect SE-Unsp ADR 0.00% 60 $3K New
CTRA Coterra Energy Inc. 0.00% 93 $3K Reduce -65.8%
SSMXY Sysmex Corp.-Unspon ADR 0.00% 141 $3K Add +34.3%
BVVBY Bureau Veritas SA - ADR 0.00% 44 $3K No change
ASAZY Assa Abloy AB - Unsp ADR 0.00% 174 $3K No change
ENTG Entegris Inc. 0.00% 29 $3K Reduce -35.6%
FTS Fortis Inc. 0.00% 57 $3K No change
RY Royal Bank of Canada 0.00% 23 $3K New
SDXAY Sodexo-Sponsored ADR 0.00% 202 $3K Add +32.9%
SVNLY Svenska Handelsb-A-Unsp ADR 0.00% 452 $3K Reduce -24.2%
RTO Rentokil Initial PLC-SP ADR 0.00% 106 $2K No change
TEZNY Terna SPA-Unsponsored ADR 0.00% 89 $2K Reduce -23.3%
SXYAY Sika AG-ADR 0.00% 96 $2K No change
KIGRY Kion Group AG-Unsp ADR 0.00% 221 $2K No change
DEO Diageo PLC-Sponsored ADR 0.00% 22 $2K No change
SNPHY Santen Pharmaceutical-Un ADR 0.00% 230 $2K No change
RCRUY Recruit Holdings Co. Ltd.-ADR 0.00% 180 $2K Reduce -21.4%
COIHY Croda International-Uns ADR 0.00% 73 $1K No change
SNA Snap-on Inc. 0.00% 4 $1K No change
DFS Discover Financial Services 0.00% 5 $853 No change
MSM MSC Industrial Direct Co. Class A 0.00% 5 $388 No change
BMI Badger Meter Inc. 0.00% 1 $190 No change
VZ Verizon Communications Inc. 0.00% 3 $136 New
Lines left out (1) · $134 — a value with no share or principal amount
SecurityClassSharesValue
CDW CDW Corp. COM0$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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 265$4.9BKLIC, PSMT, LFUS, CGNX, AAON
Q1 2026 257$4.5BENSG, PSMT, LMAT, LFUS, WCC
Q4 2025 297$4.5BENSG, WCC, VMI, EHC, PSMT
Q3 2025 291$4.8BENSG, EHC, VMI, PSMT, LMAT
Q2 2025 284$4.9BENSG, EHC, KNSL, AL, HOMB
Q1 2025 282$5.0BEHC, ENSG, HLNE, KNSL, CASY
Q4 2024 294$5.4BENSG, EHC, HLNE, LMAT, KNSL
Q3 2024 279$5.7BHLNE, ENSG, EHC, LMAT, KNSL
Q2 2024 146$5.3BENSG, EHC, HLNE, CASY, WING
Q1 2024 272$5.5BENSG, KNSL, CASY, EHC, SXI