Thompson Investment Management, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2024), Thompson Investment Management, Inc. reported 452 stock positions worth $658.8 million. Its top holding was Microsoft (MSFT) at 4.4% of the portfolio, followed by Alphabet Class A (GOOGL, 4.1%) and Exxon Mobil (XOM, 2.7%). Compared with Q4 2023, it opened 41 new positions, sold out of 12, added to 93 and reduced 84. The biggest buy was O-I Glass (OI, shares +84%) and the biggest sale Wells Fargo (WFC, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0001277279
- Portfolio Value
- $658.8M (Q1 2024)
- SEC Filing
- 0001277279-24-000004 ↗ filed Apr 15, 2024
Holdings Value
Holdings 452 stocks · $658.8M
| MSFT Microsoft Corp. | 4.41% | 69,098 | $29.1M | Reduce -3.5% |
| GOOGL Alphabet Inc. Class A | 4.10% | 178,978 | $27.0M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 2.71% | 153,745 | $17.9M | Add +1.1% |
| QCOM Qualcomm Inc. | 2.47% | 96,163 | $16.3M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 1.94% | 63,726 | $12.8M | Reduce -15.8% |
| C Citigroup Inc. | 1.87% | 195,298 | $12.4M | Add +1.1% |
| PYPL PayPal Holdings Inc. | 1.81% | 177,878 | $11.9M | Add +7.6% |
| META Meta Platforms Inc. Class A | 1.80% | 24,397 | $11.8M | Reduce -16.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.79% | 311,293 | $11.8M | Reduce -0.8% |
| EXAS Exact Sciences Corp. | 1.68% | 160,584 | $11.1M | Add +13.1% |
| WBA Walgreens Boots Alliance Inc. | 1.66% | 505,150 | $11.0M | Add +1.1% |
| NXPI NXP Semiconductors NV | 1.64% | 43,687 | $10.8M | Add +7.1% |
| COHR Coherent Corp. | 1.62% | 176,006 | $10.7M | Reduce -18.8% |
| PFE Pfizer Inc. | 1.55% | 368,225 | $10.2M | Add +3.6% |
| BFH Bread Financial Holdings Inc. | 1.50% | 266,109 | $9.9M | Reduce -0.2% |
| WBD Warner Bros Discovery Inc. | 1.48% | 1,118,931 | $9.8M | Add +23.5% |
| KRNT Kornit Digital Ltd. | 1.44% | 523,287 | $9.5M | Add +13.6% |
| FCX Freeport-McMoran Inc. | 1.42% | 198,684 | $9.3M | Add +1.1% |
| SCHW Schwab (charles) Corp. | 1.42% | 129,082 | $9.3M | Add +1.4% |
| PFGC Performance Food Group Co. | 1.35% | 119,011 | $8.9M | Reduce -3.5% |
| LKQ LKQ Corp. | 1.31% | 162,017 | $8.7M | Add +4.1% |
| CSCO Cisco Systems Inc. | 1.25% | 165,125 | $8.2M | Add +0.1% |
| CVS CVS Health Corp. | 1.25% | 103,195 | $8.2M | Add +0.3% |
| V Visa Inc. Class A | 1.24% | 29,308 | $8.2M | Add +0.2% |
| EBAY eBay Inc. | 1.22% | 151,917 | $8.0M | Add +3.7% |
| CI The Cigna Group | 1.21% | 21,946 | $8.0M | Reduce -0.3% |
| ORCL Oracle Corp. | 1.20% | 63,131 | $7.9M | Reduce -4.4% |
| AAPL Apple Inc. | 1.20% | 46,115 | $7.9M | Reduce -2.1% |
| PARAA Paramount Global Class B | 1.17% | 655,680 | $7.7M | Add +42.9% |
| DFS Discover Financial Services | 1.16% | 58,382 | $7.7M | Reduce -0.2% |
| KEYS Keysight Technologies Inc. | 1.15% | 48,626 | $7.6M | Add +2.6% |
| VTRS Viatris Inc. | 1.13% | 622,169 | $7.4M | Reduce -6.4% |
| FISV Fiserv Inc. | 1.10% | 45,319 | $7.2M | Reduce -5.5% |
| JNJ Johnson & Johnson | 1.09% | 45,466 | $7.2M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 1.08% | 14,347 | $7.1M | Add +2.2% |
| ABBV Abbvie Inc. | 1.08% | 38,941 | $7.1M | Reduce -0.9% |
| BERY Berry Global Group Inc. | 1.00% | 109,047 | $6.6M | Add +74.0% |
| NTRS Northern Trust Corp. | 0.99% | 73,584 | $6.5M | Reduce -0.2% |
| OI O-I Glass Inc. | 0.99% | 393,883 | $6.5M | Add +84.2% |
| GNRC Generac Holdings Inc. | 0.97% | 50,710 | $6.4M | Add +0.3% |
| MCK McKesson Corp. | 0.96% | 11,725 | $6.3M | Reduce -2.8% |
| TGT Target Corp. | 0.95% | 35,475 | $6.3M | Reduce -4.8% |
| STT State Street Corp. | 0.93% | 79,546 | $6.2M | Reduce -22.6% |
| CVX Chevron Corp. | 0.93% | 38,762 | $6.1M | Add +3.0% |
| PNC PNC Financial Services Group | 0.88% | 35,721 | $5.8M | Reduce -0.2% |
| TSN Tyson Foods Inc. Class A | 0.86% | 96,495 | $5.7M | Add +0.3% |
| FDX FedEx Corp. | 0.85% | 19,378 | $5.6M | Add +1.4% |
| ICE Intercontinental Exchange Inc. | 0.83% | 39,795 | $5.5M | Reduce -3.5% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 0.82% | 333,071 | $5.4M | Reduce -6.3% |
| CFG Citizens Financial Group | 0.79% | 143,730 | $5.2M | Reduce -1.8% |
| AMGN Amgen Inc. | 0.79% | 18,295 | $5.2M | Reduce -0.4% |
| KMB Kimberly-Clark Corp. | 0.75% | 38,286 | $5.0M | Add +0.9% |
| CHWY Chewy Inc. Class A | 0.71% | 294,480 | $4.7M | Add +30.7% |
| ZION Zions Bancorp NA | 0.70% | 105,541 | $4.6M | Reduce -3.1% |
| GE General Electric | 0.69% | 25,805 | $4.5M | Reduce -1.6% |
| SBUX Starbucks Corp. | 0.68% | 48,860 | $4.5M | Add +25.3% |
| GEHC GE Healthcare Technology | 0.67% | 48,807 | $4.4M | Reduce -0.1% |
| BA The Boeing Co. | 0.67% | 22,716 | $4.4M | Add +21.4% |
| AOS Smith (a.o.) Corp. | 0.67% | 49,003 | $4.4M | Reduce -0.6% |
| BMY Bristol-Myers Squibb Co. | 0.66% | 80,477 | $4.4M | Add +10.6% |
| RRX Regal Rexnord Corp. | 0.66% | 24,193 | $4.4M | Reduce -0.7% |
| SKX Skechers USA Inc. Class A | 0.63% | 68,118 | $4.2M | Reduce -1.2% |
| EFX Equifax Inc. | 0.63% | 15,419 | $4.1M | Reduce -1.8% |
| TTWO Take-Two Interactive Softwre | 0.62% | 27,681 | $4.1M | Reduce -0.4% |
| ADBE Adobe Inc. | 0.60% | 7,842 | $4.0M | Reduce -3.4% |
| PG The Procter & Gamble Co. | 0.58% | 23,390 | $3.8M | Add +0.6% |
| ARE Alexandria Real Estate Equit | 0.58% | 29,390 | $3.8M | Add +0.4% |
| SCS Steelcase Inc. Class A | 0.55% | 275,694 | $3.6M | Reduce -3.6% |
| VIAV Viavi Solutions Inc. | 0.54% | 392,213 | $3.6M | Reduce -0.0% |
| SSNC Ss&c Technologies Holdings | 0.52% | 52,709 | $3.4M | Reduce -0.1% |
| LITE Lumentum Holdings Inc. | 0.51% | 71,429 | $3.4M | Add +139.1% |
| IFNNY Infineon Technologies-ADR | 0.50% | 96,460 | $3.3M | Reduce -0.7% |
| ADI Analog Devices Inc. | 0.50% | 16,545 | $3.3M | Reduce -2.1% |
| AMN Amn Healthcare Services Inc. | 0.44% | 46,514 | $2.9M | Add +6.3% |
| MRVL Marvell Technology Inc. | 0.44% | 40,600 | $2.9M | No change |
| GPN Global Payments Inc. | 0.44% | 21,494 | $2.9M | Add +1.1% |
| BLD Topbuild Corp. | 0.43% | 6,405 | $2.8M | Reduce -7.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.42% | 22,795 | $2.8M | Add +1.1% |
| GLW Corning Inc. | 0.40% | 80,441 | $2.7M | Add +0.2% |
| MRK Merck & Co. Inc. | 0.38% | 18,908 | $2.5M | Add +1.9% |
| HCA HCA Healthcare Inc. | 0.37% | 7,300 | $2.4M | No change |
| SEE Sealed Air Corp. | 0.37% | 64,844 | $2.4M | Add +6.3% |
| IVE iShares S&P 500 Value ETF | 0.36% | 12,865 | $2.4M | Add +14.0% |
| WFC Wells Fargo & Co. | 0.36% | 41,114 | $2.4M | Reduce -64.0% |
| LNG Cheniere Energy Inc. | 0.36% | 14,700 | $2.4M | No change |
| BHC Bausch Health Cos Inc. | 0.34% | 210,894 | $2.2M | Reduce -3.6% |
| KO The Coca-Cola Co. | 0.32% | 34,052 | $2.1M | Add +1.7% |
| CIGI Colliers Intl GR-Subord Vot | 0.29% | 15,500 | $1.9M | No change |
| CALX Calix Inc. | 0.28% | 55,950 | $1.9M | Add +42.6% |
| EA Electronic Arts Inc. | 0.24% | 11,925 | $1.6M | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.21% | 54,624 | $1.4M | Add +3.8% |
| BSV Vanguard Short-Term Bond ETF | 0.19% | 16,529 | $1.3M | Add +20.4% |
| SCHF Schwab Intl Equity ETF | 0.18% | 30,518 | $1.2M | No change |
| GD General Dynamics Corp. | 0.18% | 4,139 | $1.2M | Reduce -41.2% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.17% | 9,259 | $1.1M | Add +11.1% |
| AGG iShares Core U.S. Aggregate | 0.16% | 11,026 | $1.1M | Add +10.1% |
| NBIX Neurocrine Biosciences Inc. | 0.16% | 7,625 | $1.1M | Reduce -1.0% |
| ABT Abbott Laboratories | 0.15% | 8,963 | $1.0M | Reduce -6.6% |
| NLY Annaly Capital Management Inc. | 0.15% | 50,490 | $994K | Add +0.3% |
| ASB Associated Banc-Corp. | 0.14% | 43,430 | $934K | Reduce -13.2% |
Other holdings (68): bonds, preferreds, convertibles and warrants · $2.5M (not counted above)
Lines left out (5) · $731 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| MELI MercadoLibre Inc. | COM | 0 | $718 |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | ST STR MSCI EAFE | 0 | $6 |
| USRT iShares Core US REIT ETF | CRE U S REIT ETF | 0 | $3 |
| SPEM State Street SP PTF Em ETF | ST PORT MARK ETF | 0 | $2 |
| SLYV SS SPDR S&P 600 SC Val ETF | ST STR SP600SM C | 0 | $2 |
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: $661.3M.
Portfolio Sells Q4 2023 → Q1 2024
| WFC Wells Fargo & Co. | Reduce -64.0% | 0.36% | −0.54 |
| STT State Street Corp. | Reduce -22.6% | 0.93% | −0.35 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.31 |
| NWL Newell Brands Inc. | Reduce -91.9% | 0.02% | −0.27 |
| AAPL Apple Inc. | Reduce -2.1% | 1.20% | −0.26 |
| ADBE Adobe Inc. | Reduce -3.4% | 0.60% | −0.18 |
| IFNNY Infineon Technologies-ADR | Reduce -0.7% | 0.50% | −0.16 |
| ENR Energizer Holdings Inc. | Reduce -90.6% | 0.01% | −0.14 |
| JPM JPMorgan Chase & Co. | Reduce -15.8% | 1.94% | −0.13 |
| GD General Dynamics Corp. | Reduce -41.2% | 0.18% | −0.12 |
| TTWO Take-Two Interactive Softwre | Reduce -0.4% | 0.62% | −0.10 |
| VIAV Viavi Solutions Inc. | Reduce -0.0% | 0.54% | −0.09 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.09 |
| SCS Steelcase Inc. Class A | Reduce -3.6% | 0.55% | −0.07 |
| ZION Zions Bancorp NA | Reduce -3.1% | 0.70% | −0.07 |
| TSLA Tesla Inc. | Reduce -21.6% | 0.08% | −0.07 |
| AMGN Amgen Inc. | Reduce -0.4% | 0.79% | −0.06 |
| SKX Skechers USA Inc. Class A | Reduce -1.2% | 0.63% | −0.06 |
| ADI Analog Devices Inc. | Reduce -2.1% | 0.50% | −0.04 |
| ABBNY Abb Ltd.-Spon ADR | Reduce -93.2% | 0.00% | −0.03 |
| VTRS Viatris Inc. | Reduce -6.4% | 1.13% | −0.03 |
| ASB Associated Banc-Corp. | Reduce -13.2% | 0.14% | −0.03 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.03 |
| INTC Intel Corp. | Reduce -8.6% | 0.08% | −0.03 |
| PFGC Performance Food Group Co. | Reduce -3.5% | 1.35% | −0.02 |
| ICE Intercontinental Exchange Inc. | Reduce -3.5% | 0.83% | −0.02 |
| MCHP Microchip Technology Inc. | Reduce -67.6% | 0.01% | −0.02 |
| PNC PNC Financial Services Group | Reduce -0.2% | 0.88% | −0.02 |
| ABT Abbott Laboratories | Reduce -6.6% | 0.15% | −0.02 |
| MMM 3M Co. | Reduce -70.2% | 0.00% | −0.01 |
| CCK Crown Holdings Inc. | Reduce -5.2% | 0.04% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -94.8% | 0.00% | −0.01 |
| NTRS Northern Trust Corp. | Reduce -0.2% | 0.99% | −0.01 |
| MAS Masco Corp. | Reduce -21.2% | 0.05% | −0.01 |
| AIG American International Group | Sold out | 0.00% | −0.01 |
| HST Host Hotels & Resorts Inc. | Reduce -5.9% | 0.10% | −0.01 |
| AMD Advanced Micro Devices | Reduce -50.0% | 0.01% | −0.01 |
| SSNC Ss&c Technologies Holdings | Reduce -0.1% | 0.52% | −0.00 |
| PLD Prologis Inc. | Reduce -82.2% | 0.00% | −0.00 |
| NBIX Neurocrine Biosciences Inc. | Reduce -1.0% | 0.16% | −0.00 |
| BMO Bank of Montreal | Reduce -0.4% | 0.04% | −0.00 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.00 |
| CHYHY CHR Hansen Holding -Spon ADR | Sold out | 0.00% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -21.6% | 0.02% | −0.00 |
| CALY Callaway Golf Company | Reduce -6.3% | 0.82% | −0.00 |
| WY Weyerhaeuser Co. | Sold out | 0.00% | −0.00 |
| XLY SS Consumer Disc Select Sect | Reduce -48.1% | 0.00% | −0.00 |
| RDVY First Trust Rising Dividend | Sold out | 0.00% | −0.00 |
| LLY Eli Lilly & Co. | Reduce -50.0% | 0.00% | −0.00 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -8.0% | 0.02% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| OI O-I Glass Inc. | Add +84.2% | 0.99% | +0.43 |
| BERY Berry Global Group Inc. | Add +74.0% | 1.00% | +0.32 |
| C Citigroup Inc. | Add +1.1% | 1.87% | +0.28 |
| XOM Exxon Mobil Corp. | Add +1.1% | 2.71% | +0.27 |
| LITE Lumentum Holdings Inc. | Add +139.1% | 0.51% | +0.26 |
| EBAY eBay Inc. | Add +3.7% | 1.22% | +0.19 |
| PYPL PayPal Holdings Inc. | Add +7.6% | 1.81% | +0.18 |
| NXPI NXP Semiconductors NV | Add +7.1% | 1.64% | +0.14 |
| LKQ LKQ Corp. | Add +4.1% | 1.31% | +0.12 |
| DIS The Walt Disney Co. | Add +1.1% | 0.42% | +0.10 |
| PARAA Paramount Global Class B | Add +42.9% | 1.17% | +0.08 |
| SBUX Starbucks Corp. | Add +25.3% | 0.68% | +0.08 |
| FDX FedEx Corp. | Add +1.4% | 0.85% | +0.07 |
| FCX Freeport-McMoran Inc. | Add +1.1% | 1.42% | +0.07 |
| CNXC Concentrix Corp. | New | 0.06% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +10.6% | 0.66% | +0.06 |
| MRK Merck & Co. Inc. | Add +1.9% | 0.38% | +0.05 |
| IVE iShares S&P 500 Value ETF | Add +14.0% | 0.36% | +0.05 |
| HAS Hasbro Inc. | Add +74.4% | 0.08% | +0.04 |
| TSN Tyson Foods Inc. Class A | Add +0.3% | 0.86% | +0.03 |
| PG The Procter & Gamble Co. | Add +0.6% | 0.58% | +0.03 |
| CVX Chevron Corp. | Add +3.0% | 0.93% | +0.03 |
| BSV Vanguard Short-Term Bond ETF | Add +20.4% | 0.19% | +0.02 |
| NVDA Nvidia Corp. | New | 0.02% | +0.02 |
| KRNT Kornit Digital Ltd. | Add +13.6% | 1.44% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +14.1% | 0.12% | +0.02 |
| V Visa Inc. Class A | Add +0.2% | 1.24% | +0.02 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +11.1% | 0.17% | +0.01 |
| BTG B2GOLD Corp. | New | 0.01% | +0.01 |
| SPHD Invesco S&P 500 High Dividen | New | 0.01% | +0.01 |
| HD Home Depot Inc. | Add +588.2% | 0.01% | +0.01 |
| KMB Kimberly-Clark Corp. | Add +0.9% | 0.75% | +0.01 |
| GLW Corning Inc. | Add +0.2% | 0.40% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +1.4% | 1.42% | +0.01 |
| SEE Sealed Air Corp. | Add +6.3% | 0.37% | +0.01 |
| DOC Healthpeak Properties Inc. | New | 0.01% | +0.01 |
| CMI Cummins Inc. | New | 0.01% | +0.01 |
| EMR Emerson Electric Co. | Add +2650.0% | 0.01% | +0.01 |
| ITW Illinois Tool Works | Add +387.5% | 0.01% | +0.01 |
| ADP Automatic Data Processing | Add +13.5% | 0.05% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +10.4% | 0.10% | +0.01 |
| CALX Calix Inc. | Add +42.6% | 0.28% | +0.01 |
| IVV iShares Core S&P 500 ETF | New | 0.01% | +0.01 |
| LMT Lockheed Martin Corp. | New | 0.01% | +0.01 |
| GPC Genuine Parts Co. | New | 0.01% | +0.01 |
| PREMIER INC-CLASS A | Add +14.3% | 0.08% | +0.01 |
| BTX BlackRock Tech & Priv Eqty | New | 0.00% | +0.00 |
| APD Air Products & Chemicals Inc. | New | 0.00% | +0.00 |
| CAT Caterpillar Inc. | New | 0.00% | +0.00 |
| CCJ Cameco Corp. | Add +16.6% | 0.04% | +0.00 |
Notes & Other Activity Q4 2023 → Q1 2024
Showing the first 50 of 65.
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 | 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 |