Thompson Investment Management, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 13, 2026), Thompson Investment Management, Inc. reported 448 stock positions worth $869.6 million. Its top holding was Alphabet Class A (GOOGL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 3.3%) and Exxon Mobil (XOM, 2.4%). Compared with Q1 2026, it opened 18 new positions, sold out of 15, added to 96 and reduced 81. The biggest buy was a new position in Workday Class A (WDAY) and the biggest sale Warner Bros Discovery (WBD, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0001277279
- Portfolio Value
- $869.6M (Q2 2026)
- SEC Filing
- 0001277279-26-000006 ↗ filed Jul 13, 2026
Holdings Value
Holdings 448 stocks · $869.6M
| GOOGL Alphabet Inc. Class A | 5.46% | 132,756 | $47.4M | Reduce -7.3% |
| MSFT Microsoft Corp. | 3.31% | 77,238 | $28.8M | Add +8.7% |
| XOM Exxon Mobil Corp. | 2.37% | 150,664 | $20.6M | Add +0.1% |
| C Citigroup Inc. | 2.15% | 133,704 | $18.7M | Reduce -4.6% |
| VTRS Viatris Inc. | 1.99% | 1,091,367 | $17.3M | Reduce -1.3% |
| CSCO Cisco Systems Inc. | 1.73% | 128,339 | $15.1M | Reduce -13.4% |
| KRNT Kornit Digital Ltd. | 1.69% | 907,005 | $14.7M | Add +0.7% |
| QCOM Qualcomm Inc. | 1.68% | 79,017 | $14.6M | Reduce -16.9% |
| LKQ LKQ Corp. | 1.62% | 534,842 | $14.1M | Add +35.5% |
| UNH Unitedhealth Group Inc. | 1.61% | 33,642 | $14.0M | Reduce -20.5% |
| JPM JPMorgan Chase & Co. | 1.59% | 42,275 | $13.8M | Reduce -0.1% |
| AMN Amn Healthcare Services Inc. | 1.57% | 422,381 | $13.7M | Reduce -7.6% |
| BAC Bank of America Corp. | 1.53% | 233,039 | $13.3M | Reduce -2.5% |
| CVS CVS Health Corp. | 1.50% | 126,036 | $13.0M | Reduce -1.7% |
| NXPI NXP Semiconductors NV | 1.43% | 44,310 | $12.5M | Reduce -3.0% |
| JNJ Johnson & Johnson | 1.42% | 48,713 | $12.4M | Reduce -0.0% |
| AAPL Apple Inc. | 1.42% | 42,622 | $12.3M | Reduce -1.3% |
| PEP Pepsico Inc. | 1.36% | 87,165 | $11.8M | Add +11.8% |
| PFGC Performance Food Group Co. | 1.34% | 104,158 | $11.6M | Add +0.5% |
| TGT Target Corp. | 1.33% | 88,458 | $11.6M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 1.33% | 20,504 | $11.5M | Add +4.5% |
| PFE Pfizer Inc. | 1.30% | 469,287 | $11.3M | Add +1.1% |
| ARE Alexandria Real Estate Equit | 1.29% | 212,431 | $11.2M | Add +17.6% |
| CHWY Chewy Inc. Class A | 1.27% | 559,866 | $11.0M | Add +110.5% |
| EBAY eBay Inc. | 1.25% | 97,165 | $10.9M | Reduce -17.5% |
| COHR Coherent Corp. | 1.23% | 27,175 | $10.7M | Reduce -28.4% |
| SCHW Schwab (charles) Corp. | 1.23% | 115,819 | $10.7M | Add +12.5% |
| PYPL PayPal Holdings Inc. | 1.23% | 246,784 | $10.7M | Add +7.4% |
| OI O-I Glass Inc. | 1.16% | 1,045,371 | $10.1M | Add +36.9% |
| CNXC Concentrix Corp. | 1.15% | 445,441 | $10.0M | Add +41.6% |
| PG The Procter & Gamble Co. | 1.09% | 64,779 | $9.5M | Add +1.6% |
| GE General Electric filed as GE AEROSPACE | 1.07% | 24,878 | $9.3M | No change |
| V Visa Inc. Class A | 1.07% | 27,042 | $9.3M | Add +0.9% |
| STT State Street Corp. | 1.06% | 54,352 | $9.2M | Reduce -7.6% |
| ABBV Abbvie Inc. | 1.01% | 34,736 | $8.7M | Add +9.2% |
| CFG Citizens Financial Group | 0.95% | 118,394 | $8.3M | Reduce -0.6% |
| MCHP Microchip Technology Inc. | 0.95% | 90,349 | $8.2M | Reduce -2.5% |
| PNC PNC Financial Services Group | 0.94% | 33,090 | $8.1M | Add +0.0% |
| INTU Intuit Inc. | 0.92% | 30,507 | $8.0M | Add +83.8% |
| WEC WEC Energy Group Inc. | 0.91% | 67,866 | $7.9M | Add +0.3% |
| FCX Freeport-McMoran Inc. | 0.91% | 125,410 | $7.9M | Reduce -0.2% |
| FLG Flagstar Bank NA | 0.90% | 525,323 | $7.8M | Add +0.7% |
| KEYS Keysight Technologies Inc. | 0.87% | 21,653 | $7.6M | Reduce -11.4% |
| VIAV Viavi Solutions Inc. | 0.86% | 157,418 | $7.5M | Reduce -28.4% |
| CI The Cigna Group | 0.85% | 26,780 | $7.4M | Add +1.1% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.82% | 63,515 | $7.1M | Add +8.4% |
| ADBE Adobe Inc. | 0.82% | 34,659 | $7.1M | Add +24.2% |
| WDAY Workday Inc. Class A | 0.81% | 57,704 | $7.1M | New |
| ICE Intercontinental Exchange Inc. | 0.79% | 55,907 | $6.9M | Add +58.3% |
| GEV GE Vernova Inc. | 0.79% | 5,834 | $6.9M | No change |
| KMB Kimberly-Clark Corp. | 0.78% | 62,072 | $6.8M | Add +4.8% |
| AMGN Amgen Inc. | 0.75% | 18,002 | $6.5M | Add +0.9% |
| CVX Chevron Corp. | 0.74% | 38,616 | $6.4M | Add +0.5% |
| ORCL Oracle Corp. | 0.74% | 43,640 | $6.4M | Add +5.4% |
| LNT Alliant Energy Corp. | 0.73% | 83,577 | $6.4M | Add +0.9% |
| NFLX Netflix Inc. | 0.72% | 87,966 | $6.3M | Add +565.4% |
| FDX FedEx Corp. | 0.71% | 19,704 | $6.2M | Reduce -1.6% |
| BA The Boeing Co. | 0.70% | 28,236 | $6.1M | Reduce -0.1% |
| BMY Bristol-Myers Squibb Co. | 0.70% | 105,721 | $6.1M | Add +0.5% |
| FISV Fiserv Inc. | 0.70% | 124,105 | $6.1M | Add +10.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.68% | 61,855 | $6.0M | Add +5.2% |
| GEHC GE Healthcare Technology | 0.67% | 91,535 | $5.9M | Add +53.1% |
| HQY Healthequity Inc. | 0.67% | 64,547 | $5.8M | Add +0.9% |
| RRX Regal Rexnord Corp. | 0.66% | 24,265 | $5.8M | Reduce -0.5% |
| IQV Iqvia Holdings Inc. | 0.64% | 29,021 | $5.6M | New |
| AGG iShares Core U.S. Aggregate | 0.64% | 56,395 | $5.6M | Add +7.1% |
| CRM Salesforce Inc. | 0.64% | 35,631 | $5.6M | Add +16.7% |
| ADI Analog Devices Inc. | 0.60% | 13,215 | $5.2M | Reduce -0.1% |
| NOMD Nomad Foods Ltd. | 0.58% | 459,980 | $5.0M | Add +8.8% |
| LITE Lumentum Holdings Inc. | 0.57% | 5,787 | $5.0M | Reduce -12.0% |
| COO The Cooper Cos Inc. | 0.55% | 66,857 | $4.8M | Add +18.9% |
| IVE iShares S&P 500 Value ETF | 0.52% | 19,815 | $4.5M | Add +5.8% |
| GPN Global Payments Inc. | 0.50% | 59,892 | $4.3M | Add +9.5% |
| AOS Smith (a.o.) Corp. | 0.49% | 68,401 | $4.3M | Add +21.7% |
| SSNC Ss&c Technologies Holdings | 0.46% | 65,097 | $4.0M | Add +13.3% |
| IFNNY Infineon Technologies-ADR | 0.46% | 42,540 | $4.0M | Reduce -52.5% |
| MCK McKesson Corp. | 0.43% | 4,895 | $3.7M | Add +2.9% |
| EFX Equifax Inc. | 0.41% | 22,327 | $3.5M | Add +14.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 9,507 | $3.5M | No change |
| CALX Calix Inc. | 0.39% | 91,940 | $3.4M | Add +105.0% |
| COF Capital One Financial Corp. | 0.39% | 16,973 | $3.4M | Reduce -0.3% |
| AMT American Tower Corp. | 0.38% | 20,383 | $3.3M | Add +1.9% |
| CLX Clorox Company | 0.36% | 33,194 | $3.2M | Add +22.5% |
| MRK Merck & Co. Inc. | 0.36% | 24,470 | $3.1M | Add +0.1% |
| KO The Coca-Cola Co. | 0.32% | 34,217 | $2.8M | No change |
| MRVL Marvell Technology Inc. | 0.31% | 9,140 | $2.7M | Reduce -73.8% |
| VT Vanguard Tot World STK ETF | 0.30% | 16,830 | $2.6M | Add +1.6% |
| P Everpure Inc. Class A | 0.30% | 33,518 | $2.6M | Add +214.3% |
| NTRS Northern Trust Corp. | 0.30% | 14,912 | $2.6M | Reduce -71.2% |
| HCA HCA Healthcare Inc. | 0.29% | 6,525 | $2.5M | Add +20.3% |
| WBD Warner Bros Discovery Inc. | 0.26% | 85,887 | $2.3M | Reduce -85.3% |
| LNG Cheniere Energy Inc. | 0.26% | 9,565 | $2.3M | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.25% | 60,547 | $2.2M | Add +2.7% |
| BSV Vanguard Short-Term Bond ETF | 0.25% | 27,588 | $2.1M | Add +1.2% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.23% | 13,783 | $2.0M | Add +4.6% |
| FMBL Farmers & Merchants Bank | 0.23% | 223 | $2.0M | No change |
| POOL Pool Corp. | 0.23% | 9,225 | $2.0M | Add +419.7% |
| SCHF Schwab Intl Equity ETF | 0.20% | 62,500 | $1.7M | No change |
| NBIX Neurocrine Biosciences Inc. | 0.19% | 9,755 | $1.6M | No change |
| GLW Corning Inc. | 0.18% | 6,147 | $1.6M | Reduce -5.1% |
Other holdings (56): bonds, preferreds, convertibles and warrants · $2.0M (not counted above)
Total filed on the 13F, all lines: $871.6M.
Portfolio Sells Q1 2026 → Q2 2026
| WBD Warner Bros Discovery Inc. | Reduce -85.3% | 0.26% | −1.81 |
| NTRS Northern Trust Corp. | Reduce -71.2% | 0.30% | −0.64 |
| BLD Topbuild Corp. | Reduce -94.8% | 0.01% | −0.25 |
| FDX FedEx Corp. | Reduce -1.6% | 0.71% | −0.21 |
| EBAY eBay Inc. | Reduce -17.5% | 1.25% | −0.14 |
| MRVL Marvell Technology Inc. | Reduce -73.8% | 0.31% | −0.13 |
| JNJ Johnson & Johnson | Reduce -0.0% | 1.42% | −0.12 |
| VIAV Viavi Solutions Inc. | Reduce -28.4% | 0.86% | −0.08 |
| HST Host Hotels & Resorts Inc. | Reduce -100.0% | 0.00% | −0.08 |
| TGT Target Corp. | Reduce -0.4% | 1.33% | −0.07 |
| IFNNY Infineon Technologies-ADR | Reduce -52.5% | 0.46% | −0.07 |
| FCX Freeport-McMoran Inc. | Reduce -0.2% | 0.91% | −0.05 |
| FDXF FedEx Freight Holding Co. | Reduce -6.3% | 0.16% | −0.03 |
| LITE Lumentum Holdings Inc. | Reduce -12.0% | 0.57% | −0.03 |
| BA The Boeing Co. | Reduce -0.1% | 0.70% | −0.03 |
| EA Electronic Arts Inc. | Reduce -66.9% | 0.01% | −0.02 |
| KEYS Keysight Technologies Inc. | Reduce -11.4% | 0.87% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 1.59% | −0.02 |
| SEE Sealed Air Corp. | Sold out | 0.00% | −0.01 |
| SLB SLB Ltd. | Reduce -76.2% | 0.00% | −0.01 |
| T AT&T Inc. | Reduce -1.3% | 0.02% | −0.01 |
| COF Capital One Financial Corp. | Reduce -0.3% | 0.39% | −0.01 |
| BMO Bank of Montreal | Reduce -63.6% | 0.01% | −0.01 |
| UL Unilever PLC-Sponsored ADR | Sold out | 0.00% | −0.01 |
| OHI Omega Healthcare Investors | Reduce -3.8% | 0.09% | −0.01 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -25.4% | 0.01% | −0.01 |
| GM General Motors Co. | Reduce -44.7% | 0.01% | −0.01 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.00 |
| WMT Walmart Inc. | Reduce -6.9% | 0.01% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Reduce -41.6% | 0.00% | −0.00 |
| DAL Delta Air Lines Inc. | Reduce -43.8% | 0.01% | −0.00 |
| WAB Wabtec Corp. | Reduce -1.7% | 0.05% | −0.00 |
| SMCI Super Micro Computer Inc. | Reduce -51.6% | 0.00% | −0.00 |
| APH Amphenol Corp. Class A | Reduce -33.0% | 0.01% | −0.00 |
| TSN Tyson Foods Inc. Class A | Reduce -6.4% | 0.01% | −0.00 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -29.7% | 0.01% | −0.00 |
| PM Philip Morris International | Reduce -2.7% | 0.04% | −0.00 |
| AMD Advanced Micro Devices | Reduce -70.0% | 0.01% | −0.00 |
| AAPL Apple Inc. | Reduce -1.3% | 1.42% | −0.00 |
| IWP iShares Russell Mid-Cap Grow | Sold out | 0.00% | −0.00 |
| GIS General Mills Inc. | Reduce -6.6% | 0.00% | −0.00 |
| USIG iShares Broad Usd Investment | Reduce -13.9% | 0.00% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -39.4% | 0.00% | −0.00 |
| TAN Invesco Solar ETF | Reduce -50.0% | 0.00% | −0.00 |
| SCZ iShares MSCI Eafe Small-Cap | Reduce -23.6% | 0.00% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -4.0% | 0.01% | −0.00 |
| CSX CSX Corp. | Reduce -18.2% | 0.00% | −0.00 |
| GD General Dynamics Corp. | Reduce -24.0% | 0.00% | −0.00 |
| USHY iShares Broad Usd High Yield | Reduce -38.5% | 0.00% | −0.00 |
| KHC The Kraft Heinz Co. | Reduce -4.5% | 0.01% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| WDAY Workday Inc. Class A | New | 0.81% | +0.81 |
| IQV Iqvia Holdings Inc. | New | 0.64% | +0.64 |
| NFLX Netflix Inc. | Add +565.4% | 0.72% | +0.56 |
| CHWY Chewy Inc. Class A | Add +110.5% | 1.27% | +0.33 |
| P Everpure Inc. Class A | Add +214.3% | 0.30% | +0.22 |
| ARE Alexandria Real Estate Equit | Add +17.6% | 1.29% | +0.20 |
| PFGC Performance Food Group Co. | Add +0.5% | 1.34% | +0.19 |
| POOL Pool Corp. | Add +419.7% | 0.23% | +0.18 |
| ABT Abbott Laboratories | Add +786.0% | 0.15% | +0.13 |
| GEHC GE Healthcare Technology | Add +53.1% | 0.67% | +0.12 |
| OI O-I Glass Inc. | Add +36.9% | 1.16% | +0.12 |
| LKQ LKQ Corp. | Add +35.5% | 1.62% | +0.12 |
| CALX Calix Inc. | Add +105.0% | 0.39% | +0.11 |
| ABBV Abbvie Inc. | Add +9.2% | 1.01% | +0.11 |
| SJM The JM Smucker Co. | Add +8.4% | 0.82% | +0.09 |
| ICE Intercontinental Exchange Inc. | Add +58.3% | 0.79% | +0.07 |
| XYL Xylem Inc. | Add +131.2% | 0.11% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +106.3% | 0.12% | +0.06 |
| NOMD Nomad Foods Ltd. | Add +8.8% | 0.58% | +0.05 |
| SYY Sysco Corp. | Add +65.6% | 0.12% | +0.05 |
| PNC PNC Financial Services Group | Add +0.0% | 0.94% | +0.04 |
| KMB Kimberly-Clark Corp. | Add +4.8% | 0.78% | +0.04 |
| FSV Firstservice Corp. | Add +128.6% | 0.08% | +0.04 |
| CNXC Concentrix Corp. | Add +41.6% | 1.15% | +0.03 |
| COO The Cooper Cos Inc. | Add +18.9% | 0.55% | +0.03 |
| GPN Global Payments Inc. | Add +9.5% | 0.50% | +0.02 |
| NLY Annaly Capital Management Inc. | Add +26.1% | 0.13% | +0.02 |
| BL Blackline Inc. | New | 0.02% | +0.02 |
| V Visa Inc. Class A | Add +0.9% | 1.07% | +0.02 |
| PK Park Hotels & Resorts Inc. | Add +0.4% | 0.08% | +0.01 |
| TRV The Travelers Cos Inc. | Add +4275.0% | 0.01% | +0.01 |
| AOS Smith (a.o.) Corp. | Add +21.7% | 0.49% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +3.0% | 0.15% | +0.01 |
| ALL Allstate Corp. | Add +41.3% | 0.04% | +0.01 |
| FLG Flagstar Bank NA | Add +0.7% | 0.90% | +0.01 |
| NVDA Nvidia Corp. | Add +27.7% | 0.05% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +5.0% | 0.18% | +0.01 |
| IJS iShares S&P Small-Cap 600 Va | Add +3.3% | 0.16% | +0.01 |
| UGI Ugi Corp. | New | 0.01% | +0.01 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +4.6% | 0.23% | +0.01 |
| PSX Phillips 66 | Add +1333.3% | 0.01% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +1.6% | 0.30% | +0.01 |
| UWMC Uwm Holdings Corp. | New | 0.01% | +0.01 |
| LMND Lemonade Inc. | New | 0.01% | +0.01 |
| TBPH Theravance Biopharma Inc. | New | 0.01% | +0.01 |
| IVE iShares S&P 500 Value ETF | Add +5.8% | 0.52% | +0.00 |
| MAS Masco Corp. | Add +1.0% | 0.03% | +0.00 |
| VGT Vanguard Info Tech ETF | Add +0.3% | 0.02% | +0.00 |
| CMCSA Comcast Corp. Class A | New | 0.00% | +0.00 |
| TSLA Tesla Inc. | Add +16.7% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 448 | $869.6M | GOOGL, MSFT, XOM, C, VTRS |
| Q1 2026 | 443 | $771.5M | GOOGL, MSFT, XOM, WBD, C |
| Q4 2025 | 463 | $795.5M | GOOGL, WBD, MSFT, XOM, EXAS |
| Q3 2025 | 458 | $747.4M | GOOGL, MSFT, WBD, XOM, C |
| Q2 2025 | 427 | $706.3M | MSFT, GOOGL, XOM, WBD, META |
| Q1 2025 | 419 | $664.8M | GOOGL, MSFT, XOM, WBD, C |
| Q4 2024 | 431 | $693.4M | GOOGL, MSFT, XOM, WBD, META |
| Q3 2024 | 440 | $697.8M | MSFT, GOOGL, XOM, EXAS, PYPL |
| Q2 2024 | 439 | $645.1M | GOOGL, MSFT, XOM, QCOM, COHR |
| Q1 2024 | 452 | $658.8M | MSFT, GOOGL, XOM, QCOM, JPM |