Copeland Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Copeland Capital Management, LLC reported 291 stock positions worth $4.8 billion. Its top holding was Ensign (ENSG) at 2.4% of the portfolio, followed by Encompass Health (EHC, 2.1%) and Valmont Industries (VMI, 1.8%). Compared with Q2 2025, it opened 23 new positions, sold out of 14, added to 24 and reduced 172. The biggest buy was a new position in Aaon (AAON) and the biggest sale BWX Technologies (BWXT, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- Conshohocken, PA
- CIK
- 0001541743
- Portfolio Value
- $4.8B (Q3 2025)
- SEC Filing
- 0001580642-25-006630 ↗ filed Oct 17, 2025
Holdings Value
Holdings 291 stocks · $4.8B
| ENSG The Ensign Group Inc. | 2.44% | 677,199 | $117.0M | Reduce -15.3% |
| EHC Encompass Health Corp. | 2.13% | 806,542 | $102.4M | Reduce -11.3% |
| VMI Valmont Industries | 1.79% | 222,154 | $86.1M | Reduce -4.2% |
| PSMT Pricesmart Inc. | 1.74% | 688,593 | $83.5M | Reduce -5.1% |
| LMAT Lemaitre Vascular Inc. | 1.71% | 940,328 | $82.3M | Reduce -5.0% |
| LFUS Littelfuse Inc. | 1.71% | 317,171 | $82.2M | Reduce -4.8% |
| WCC Wesco International Inc. | 1.69% | 383,316 | $81.1M | Reduce -4.9% |
| YOU Clear Secure Inc. Class A | 1.64% | 2,356,668 | $78.7M | Reduce -4.8% |
| NXST Nexstar Media Group Inc. | 1.63% | 396,779 | $78.5M | Reduce -4.8% |
| HOMB Home Bancshares Inc. | 1.63% | 2,765,605 | $78.3M | Reduce -5.0% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 1.51% | 1,142,171 | $72.7M | Reduce -27.8% |
| WING Wingstop Inc. | 1.51% | 287,548 | $72.4M | Add +18.5% |
| USPH U.S. Physical Therapy Inc. | 1.49% | 843,981 | $71.7M | Reduce -5.0% |
| TNL Travel + Leisure Co. | 1.46% | 1,175,512 | $69.9M | Reduce -16.0% |
| CGNX Cognex Corp. | 1.42% | 1,504,817 | $68.2M | Reduce -4.4% |
| AAON Aaon Inc. | 1.42% | 728,124 | $68.0M | New |
| CPK Chesapeake Utilities Corp. | 1.42% | 505,041 | $68.0M | Reduce -5.0% |
| HLNE Hamilton Lane Inc. Class A | 1.39% | 495,185 | $66.7M | Reduce -5.0% |
| SXI Standex International Corp. | 1.37% | 310,387 | $65.8M | Reduce -26.1% |
| CHE Chemed Corp. | 1.37% | 146,366 | $65.5M | Reduce -0.3% |
| NSSC Napco Security Technologies | 1.34% | 1,497,512 | $64.3M | Reduce -5.6% |
| FSV Firstservice Corp. | 1.33% | 335,072 | $63.8M | Reduce -4.9% |
| KLIC Kulicke & Soffa Industries | 1.32% | 1,560,061 | $63.4M | Reduce -5.2% |
| HXL Hexcel Corp. | 1.30% | 993,052 | $62.3M | Reduce -4.4% |
| OLED Universal Display Corp. | 1.29% | 431,462 | $62.0M | Reduce -5.7% |
| KNSL Kinsale Capital Group Inc. | 1.28% | 143,900 | $61.2M | Reduce -25.1% |
| BC Brunswick Corp. | 1.26% | 958,866 | $60.6M | Reduce -5.0% |
| CTRE Caretrust REIT Inc. | 1.24% | 1,716,101 | $59.5M | Add +350.9% |
| BIPC Brookfield Infrastructure-A | 1.24% | 1,447,050 | $59.5M | Reduce -22.6% |
| TRNO Terreno Realty Corp. | 1.23% | 1,039,021 | $59.0M | Reduce -5.0% |
| TTEK Tetra Tech Inc. | 1.23% | 1,763,618 | $58.9M | Reduce -4.8% |
| CNS Cohen & Steers Inc. | 1.18% | 866,645 | $56.9M | Reduce -5.2% |
| CNXC Concentrix Corp. | 1.16% | 1,210,480 | $55.9M | Reduce -4.8% |
| MTDR Matador Resources Co. | 1.12% | 1,193,082 | $53.6M | Reduce -6.4% |
| ST Sensata Technologies Holdplc | 1.10% | 1,726,995 | $52.8M | Reduce -14.3% |
| UNF Unifirst Corp. | 1.09% | 311,996 | $52.2M | Reduce -5.3% |
| POWI Power Integrations Inc. | 1.07% | 1,276,860 | $51.3M | Add +7.2% |
| KWR Quaker Chemical Corporation | 1.04% | 378,519 | $49.9M | Reduce -12.1% |
| LSTR Landstar System Inc. | 1.02% | 400,618 | $49.1M | Reduce -5.8% |
| CASY Casey's General Stores Inc. | 1.02% | 86,204 | $48.7M | Reduce -21.6% |
| STE Steris PLC | 0.95% | 184,511 | $45.7M | Reduce -4.3% |
| MTRN Materion Corp. | 0.94% | 372,848 | $45.0M | Reduce -19.9% |
| NOG Northern Oil and Gas Inc. | 0.91% | 1,763,980 | $43.7M | Reduce -6.0% |
| UFPI Ufp Industries Inc. | 0.91% | 464,791 | $43.5M | Reduce -4.8% |
| AGM Federal Agric MTG Corp. Class C | 0.89% | 254,217 | $42.7M | Reduce -5.4% |
| PRGO Perrigo Co. PLC | 0.88% | 1,889,204 | $42.1M | Reduce -16.1% |
| LKFN Lakeland Financial Corp. | 0.87% | 651,739 | $41.8M | Reduce -5.4% |
| PATK Patrick Industries Inc. | 0.84% | 388,308 | $40.2M | Reduce -5.4% |
| CBT Cabot Corp. | 0.83% | 524,278 | $39.9M | Reduce -29.1% |
| RS Reliance Inc. | 0.82% | 140,821 | $39.5M | Reduce -16.1% |
| CRAI Cra International Inc. | 0.80% | 183,076 | $38.2M | Reduce -21.0% |
| UTZ Utz Brands Inc. | 0.79% | 3,131,099 | $38.0M | Add +10.8% |
| AVGO Broadcom Inc. | 0.76% | 109,936 | $36.3M | Reduce -17.5% |
| PRDO Perdoceo Education Corp. | 0.74% | 942,565 | $35.5M | New |
| NVT Nvent Electric PLC | 0.73% | 354,225 | $34.9M | Reduce -29.9% |
| WINA Winmark Corp. | 0.72% | 69,603 | $34.6M | Reduce -5.3% |
| BAH Booz Allen Hamilton Holdings | 0.72% | 344,650 | $34.4M | Add +8.1% |
| SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC | 0.70% | 1,624,827 | $33.8M | Reduce -5.4% |
| KBR KBR Inc. | 0.70% | 711,907 | $33.7M | New |
| MSA Msa Safety Inc. | 0.68% | 189,703 | $32.6M | Reduce -5.4% |
| DGX Quest Diagnostics Inc. | 0.67% | 168,375 | $32.1M | Reduce -4.5% |
| DKS Dick's Sporting Goods Inc. | 0.66% | 142,039 | $31.6M | Reduce -4.2% |
| IRMD Iradimed Corp. | 0.64% | 433,500 | $30.8M | Reduce -5.3% |
| GFL GFL Environmental Inc.-Sub VT | 0.63% | 636,915 | $30.2M | Reduce -2.0% |
| BSY Bentley Systems Inc. Class B | 0.62% | 577,318 | $29.7M | Reduce -4.3% |
| RGLD Royal Gold Inc. | 0.61% | 147,115 | $29.5M | Reduce -1.1% |
| DTM DT Midstream Inc. | 0.61% | 258,595 | $29.2M | New |
| DPZ Domino's Pizza Inc. | 0.60% | 66,508 | $28.7M | Reduce -4.5% |
| WH Wyndham Hotels & Resorts Inc. | 0.60% | 358,214 | $28.6M | Reduce -5.4% |
| NDSN Nordson Corp. | 0.59% | 125,096 | $28.4M | Reduce -4.3% |
| NYT New York Times Co. Class A | 0.57% | 474,574 | $27.2M | Reduce -3.4% |
| MSFT Microsoft Corp. | 0.57% | 52,423 | $27.2M | Reduce -4.5% |
| WSC Willscot Holdings Corp. | 0.56% | 1,279,936 | $27.0M | Add +46.4% |
| PRI Primerica Inc. | 0.56% | 96,800 | $26.9M | Reduce -3.4% |
| CSL Carlisle Cos Inc. | 0.55% | 79,715 | $26.2M | Reduce -4.6% |
| PB Prosperity Bancshares Inc. | 0.54% | 392,079 | $26.0M | Reduce -4.4% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.54% | 172,546 | $25.7M | Reduce -5.5% |
| RHP Ryman Hospitality Properties | 0.53% | 284,476 | $25.5M | Reduce -4.7% |
| MS Morgan Stanley | 0.53% | 159,764 | $25.4M | Reduce -4.6% |
| NXRT Nexpoint Residential | 0.53% | 785,410 | $25.3M | Reduce -5.3% |
| POOL Pool Corp. | 0.53% | 81,519 | $25.3M | Reduce -1.6% |
| ESQ Esquire Financial Holdings I | 0.51% | 238,022 | $24.3M | Reduce -2.8% |
| CHDN Churchill Downs Inc. | 0.50% | 249,514 | $24.2M | Reduce -7.9% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.49% | 1,592,544 | $23.6M | Reduce -37.6% |
| HSTM Healthstream Inc. | 0.49% | 836,083 | $23.6M | Reduce -5.3% |
| TRU Transunion | 0.48% | 277,003 | $23.2M | Reduce -4.3% |
| AAPL Apple Inc. | 0.48% | 90,808 | $23.1M | Reduce -4.5% |
| V Visa Inc. Class A | 0.47% | 66,389 | $22.7M | Reduce -4.6% |
| BWXT BWX Technologies Inc. | 0.43% | 113,128 | $20.9M | Reduce -79.8% |
| FDS Factset Research Systems Inc. | 0.43% | 72,369 | $20.7M | Add +24.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.43% | 73,785 | $20.6M | Reduce -4.6% |
| MORN Morningstar Inc. | 0.42% | 87,904 | $20.4M | Reduce -5.1% |
| JPM JPMorgan Chase & Co. | 0.42% | 64,047 | $20.2M | Reduce -4.7% |
| USLM United States Lime & Mineral | 0.41% | 151,396 | $19.9M | New |
| AESI Atlas Energy Solutions Inc. | 0.40% | 1,690,616 | $19.2M | Reduce -41.4% |
| MPWR Monolithic Power Systems Inc. | 0.39% | 20,305 | $18.7M | Reduce -5.6% |
| APH Amphenol Corp. Class A | 0.38% | 147,427 | $18.2M | Reduce -5.8% |
| WCN Waste Connections Inc. | 0.38% | 103,064 | $18.1M | Reduce -4.6% |
| GOOGL Alphabet Inc. Class A | 0.36% | 71,343 | $17.3M | Add +83.9% |
| AMP Ameriprise Financial Inc. | 0.35% | 34,602 | $17.0M | Reduce -4.6% |
Lines left out (1) · $7 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SNDR Schneider National Inc. Class B | CL B | 0 | $7 |
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: $4.8B.
Portfolio Sells Q2 2025 → Q3 2025
| BWXT BWX Technologies Inc. | Reduce -79.8% | 0.43% | −1.23 |
| KNSL Kinsale Capital Group Inc. | Reduce -25.1% | 1.28% | −0.64 |
| CHX Championx Corp. | Sold out | 0.00% | −0.41 |
| AESI Atlas Energy Solutions Inc. | Reduce -41.4% | 0.40% | −0.39 |
| AL Sumisho Air Lease Corp. | Reduce -27.8% | 1.51% | −0.39 |
| UMH Umh Properties Inc. | Reduce -37.6% | 0.49% | −0.39 |
| PRGO Perrigo Co. PLC | Reduce -16.1% | 0.88% | −0.36 |
| BIPC Brookfield Infrastructure-A | Reduce -22.6% | 1.24% | −0.36 |
| CBT Cabot Corp. | Reduce -29.1% | 0.83% | −0.31 |
| RS Reliance Inc. | Reduce -16.1% | 0.82% | −0.26 |
| UNH Unitedhealth Group Inc. | Reduce -98.0% | 0.01% | −0.26 |
| CNS Cohen & Steers Inc. | Reduce -5.2% | 1.18% | −0.23 |
| CNXC Concentrix Corp. | Reduce -4.8% | 1.16% | −0.22 |
| LSTR Landstar System Inc. | Reduce -5.8% | 1.02% | −0.19 |
| UNF Unifirst Corp. | Reduce -5.3% | 1.09% | −0.19 |
| AGM Federal Agric MTG Corp. Class C | Reduce -5.4% | 0.89% | −0.18 |
| NOG Northern Oil and Gas Inc. | Reduce -6.0% | 0.91% | −0.18 |
| MORN Morningstar Inc. | Reduce -5.1% | 0.42% | −0.17 |
| OLED Universal Display Corp. | Reduce -5.7% | 1.29% | −0.16 |
| EHC Encompass Health Corp. | Reduce -11.3% | 2.13% | −0.16 |
| ST Sensata Technologies Holdplc | Reduce -14.3% | 1.10% | −0.15 |
| FANG Diamondback Energy Inc. | Reduce -87.7% | 0.02% | −0.14 |
| TTEK Tetra Tech Inc. | Reduce -4.8% | 1.23% | −0.14 |
| JKHY Jack Henry & Associates Inc. | Reduce -5.5% | 0.54% | −0.14 |
| CASY Casey's General Stores Inc. | Reduce -21.6% | 1.02% | −0.14 |
| MTDR Matador Resources Co. | Reduce -6.4% | 1.12% | −0.13 |
| HLNE Hamilton Lane Inc. Class A | Reduce -5.0% | 1.39% | −0.13 |
| KFRC Kforce Inc. | Reduce -5.5% | 0.29% | −0.13 |
| CHE Chemed Corp. | Reduce -0.3% | 1.37% | −0.11 |
| ENSG The Ensign Group Inc. | Reduce -15.3% | 2.44% | −0.10 |
| CRAI Cra International Inc. | Reduce -21.0% | 0.80% | −0.10 |
| CSL Carlisle Cos Inc. | Reduce -4.6% | 0.55% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -24.7% | 0.23% | −0.09 |
| UFPI Ufp Industries Inc. | Reduce -4.8% | 0.91% | −0.09 |
| RHP Ryman Hospitality Properties | Reduce -4.7% | 0.53% | −0.08 |
| HOMB Home Bancshares Inc. | Reduce -5.0% | 1.63% | −0.07 |
| INTU Intuit Inc. | Reduce -4.6% | 0.33% | −0.06 |
| CHDN Churchill Downs Inc. | Reduce -7.9% | 0.50% | −0.06 |
| BSY Bentley Systems Inc. Class B | Reduce -4.3% | 0.62% | −0.05 |
| PB Prosperity Bancshares Inc. | Reduce -4.4% | 0.54% | −0.05 |
| CRM Salesforce Inc. | Reduce -5.0% | 0.26% | −0.05 |
| DPZ Domino's Pizza Inc. | Reduce -4.5% | 0.60% | −0.05 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -2.0% | 0.63% | −0.05 |
| AMP Ameriprise Financial Inc. | Reduce -4.6% | 0.35% | −0.04 |
| NXRT Nexpoint Residential | Reduce -5.3% | 0.53% | −0.04 |
| TRU Transunion | Reduce -4.3% | 0.48% | −0.04 |
| CTAS Cintas Corp. | Reduce -4.6% | 0.31% | −0.04 |
| WCN Waste Connections Inc. | Reduce -4.6% | 0.38% | −0.04 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -5.4% | 0.60% | −0.04 |
| V Visa Inc. Class A | Reduce -4.6% | 0.47% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| AAON Aaon Inc. | New | 1.42% | +1.42 |
| CTRE Caretrust REIT Inc. | Add +350.9% | 1.24% | +1.00 |
| PRDO Perdoceo Education Corp. | New | 0.74% | +0.74 |
| KBR KBR Inc. | New | 0.70% | +0.70 |
| DTM DT Midstream Inc. | New | 0.61% | +0.61 |
| USLM United States Lime & Mineral | New | 0.41% | +0.41 |
| ATR Aptargroup Inc. | New | 0.35% | +0.35 |
| AZZ Azz Inc. | New | 0.33% | +0.33 |
| BKNG Booking Holdings Inc. | New | 0.23% | +0.23 |
| GOOGL Alphabet Inc. Class A | Add +83.9% | 0.36% | +0.22 |
| PM Philip Morris International | New | 0.11% | +0.11 |
| BRO Brown & Brown Inc. | Add +118.5% | 0.21% | +0.10 |
| WSC Willscot Holdings Corp. | Add +46.4% | 0.56% | +0.07 |
| UTZ Utz Brands Inc. | Add +10.8% | 0.79% | +0.06 |
| BAH Booz Allen Hamilton Holdings | Add +8.1% | 0.72% | +0.03 |
| LRCX Lam Research Corp. | New | 0.02% | +0.02 |
| WAB Wabtec Corp. | New | 0.01% | +0.01 |
| OSPN Onespan Inc. | Add +107.4% | 0.00% | +0.00 |
| STRW Strawberry Fields REIT Inc. | New | 0.00% | +0.00 |
| KARO Karooooo Ltd. | New | 0.00% | +0.00 |
| ESOA Energy Services of America | New | 0.00% | +0.00 |
| ODC Oil-Dri Corp. of America | New | 0.00% | +0.00 |
| ATNI Atn International Inc. | New | 0.00% | +0.00 |
| IGIC International General Insura | New | 0.00% | +0.00 |
| TRAK Repositrak Inc. | New | 0.00% | +0.00 |
| STC Stewart Information Services | Add +96.7% | 0.00% | +0.00 |
| CVLG Covenant Logistics Group Inc. | Add +57.7% | 0.00% | +0.00 |
| WSM Williams-Sonoma Inc. | Add +0.5% | 0.00% | +0.00 |
| EGP Eastgroup Properties Inc. | Add +15.3% | 0.00% | +0.00 |
| WSR Whitestone REIT | Add +90.7% | 0.00% | +0.00 |
| DIS The Walt Disney Co. | New | 0.00% | +0.00 |
| NHC National Healthcare Corp. | Add +18.3% | 0.00% | +0.00 |
| SSNC Ss&c Technologies Holdings | Add +0.6% | 0.01% | +0.00 |
| ITRN Ituran Location and Control | Add +33.4% | 0.00% | +0.00 |
| KRYAY Kerry Group PLC-Spons ADR | New | 0.00% | +0.00 |
| GILDAN ACTIVEWEAR INC | Add +0.7% | 0.00% | +0.00 |
| SAN Banco Santander SA-Spon ADR | New | 0.00% | +0.00 |
| EXPGY Experian PLC-Spons ADR | New | 0.00% | +0.00 |
| HVRRY Hannover Rueckversicher-ADR | New | 0.00% | +0.00 |
| SEIC Sei Investments Company | Add +63.7% | 0.00% | +0.00 |
| HCKT The Hackett Group Inc. | Add +28.3% | 0.00% | 0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +10.7% | 0.00% | −0.00 |
| CTVA Corteva Inc. | Add +0.5% | 0.00% | −0.00 |
| OWL Blue Owl Capital Inc. | Add +0.5% | 0.00% | −0.00 |
| FDS Factset Research Systems Inc. | Add +24.6% | 0.43% | −0.10 |
| WING Wingstop Inc. | Add +18.5% | 1.51% | −0.17 |
| POWI Power Integrations Inc. | Add +7.2% | 1.07% | −0.30 |
Notes & Other Activity Q2 2025 → Q3 2025
| CDW CDW Corp. | COM | Sold out | 0 | $150before exit |
| STZ Constellation Brands Inc. Class A | CL A | Sold out | 0 | $22before exit |
| WST West Pharmaceutical Services | COM | Sold out | 0 | $19before exit |
| SNDR Schneider National Inc. Class B | CL B | Reduce -100.0% | 0 | $7 |
| NSP Insperity Inc. | COM | Reduce -100.0% | 0 | $0 |
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 |