# THOMPSON INVESTMENT MANAGEMENT, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1277279. Source: https://holderbook.com/funds/1277279-thompson-investment-management-inc/

- Reported value: $871.6M
- Positions: 504
- Weight of the ten largest: 23.6%
- Filed: 2026-07-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $47.4M | 132,756 | 5.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $28.8M | 77,238 | 3.3% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $20.6M | 150,664 | 2.4% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $18.7M | 133,704 | 2.1% | 31 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $17.3M | 1,091,367 | 2.0% | 22 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $15.1M | 128,339 | 1.7% | 31 |
| KORNIT DIGITAL LTD | [KRNT](https://holderbook.com/stocks/KRNT/) | $14.7M | 907,005 | 1.7% | 25 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $14.6M | 79,017 | 1.7% | 31 |
| LKQ CORP | [LKQ](https://holderbook.com/stocks/LKQ/) | $14.1M | 534,842 | 1.6% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $14.0M | 33,642 | 1.6% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $13.8M | 42,275 | 1.6% | 31 |
| AMN HEALTHCARE SVCS INC | [AMN](https://holderbook.com/stocks/AMN/) | $13.7M | 422,381 | 1.6% | 25 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $13.3M | 233,039 | 1.5% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $13.0M | 126,036 | 1.5% | 31 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $12.5M | 44,310 | 1.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $12.4M | 48,713 | 1.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $12.3M | 42,622 | 1.4% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $11.8M | 87,165 | 1.4% | 31 |
| PERFORMANCE FOOD GROUP CO | [PFGC](https://holderbook.com/stocks/PFGC/) | $11.6M | 104,158 | 1.3% | 26 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $11.6M | 88,458 | 1.3% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.5M | 20,504 | 1.3% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $11.3M | 469,287 | 1.3% | 31 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $11.2M | 212,431 | 1.3% | 13 |
| CHEWY INC | [CHWY](https://holderbook.com/stocks/CHWY/) | $11.0M | 559,866 | 1.3% | 12 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $10.9M | 97,165 | 1.2% | 31 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $10.7M | 27,175 | 1.2% | 16 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $10.7M | 115,819 | 1.2% | 30 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $10.7M | 246,784 | 1.2% | 31 |
| O-I GLASS INC | [OI](https://holderbook.com/stocks/OI/) | $10.1M | 1,045,371 | 1.2% | 16 |
| CONCENTRIX CORP | [CNXC](https://holderbook.com/stocks/CNXC/) | $10.0M | 445,441 | 1.1% | 10 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $9.5M | 64,779 | 1.1% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $9.3M | 24,878 | 1.1% | 20 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $9.3M | 27,042 | 1.1% | 31 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $9.2M | 54,352 | 1.1% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $8.7M | 34,736 | 1.0% | 31 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $8.3M | 118,394 | 1.0% | 26 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $8.2M | 90,349 | 0.9% | 14 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $8.1M | 33,090 | 0.9% | 31 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $8.0M | 30,507 | 0.9% | 2 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $7.9M | 67,866 | 0.9% | 15 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $7.9M | 125,410 | 0.9% | 31 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLG](https://holderbook.com/stocks/FLG/) | $7.8M | 525,323 | 0.9% | 8 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $7.6M | 21,653 | 0.9% | 24 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $7.5M | 157,418 | 0.9% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $7.4M | 26,780 | 0.8% | 31 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $7.1M | 63,515 | 0.8% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $7.1M | 34,659 | 0.8% | 31 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $7.1M | 57,704 | 0.8% | 1 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $6.9M | 55,907 | 0.8% | 18 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $6.9M | 5,834 | 0.8% | 9 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $6.8M | 62,072 | 0.8% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.5M | 18,002 | 0.7% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $6.4M | 38,616 | 0.7% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $6.4M | 43,640 | 0.7% | 31 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $6.4M | 83,577 | 0.7% | 14 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $6.3M | 87,966 | 0.7% | 4 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $6.2M | 19,704 | 0.7% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $6.1M | 28,236 | 0.7% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $6.1M | 105,721 | 0.7% | 27 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $6.1M | 124,105 | 0.7% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.0M | 61,855 | 0.7% | 31 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $5.9M | 91,535 | 0.7% | 14 |
| HEALTHEQUITY INC | [HQY](https://holderbook.com/stocks/HQY/) | $5.8M | 64,547 | 0.7% | 2 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $5.8M | 24,265 | 0.7% | 31 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $5.6M | 29,021 | 0.6% | 1 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $5.6M | 56,395 | 0.6% | 11 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $5.6M | 35,631 | 0.6% | 14 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $5.2M | 13,215 | 0.6% | 23 |
| NOMAD FOODS LTD | [NOMD](https://holderbook.com/stocks/NOMD/) | $5.0M | 459,980 | 0.6% | 6 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $5.0M | 5,787 | 0.6% | 31 |
| COOPER COS INC | [COO](https://holderbook.com/stocks/COO/) | $4.8M | 66,857 | 0.6% | 4 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $4.5M | 19,815 | 0.5% | 31 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $4.3M | 59,892 | 0.5% | 18 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $4.3M | 68,401 | 0.5% | 31 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $4.0M | 65,097 | 0.5% | 29 |
| Infineon Technologies AG | [IFNNY](https://holderbook.com/stocks/IFNNY/) | $4.0M | 42,540 | 0.5% | 31 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $3.7M | 4,895 | 0.4% | 31 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $3.5M | 22,327 | 0.4% | 16 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.5M | 9,507 | 0.4% | 14 |
| CALIX INC | [CALX](https://holderbook.com/stocks/CALX/) | $3.4M | 91,940 | 0.4% | 21 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $3.4M | 16,973 | 0.4% | 5 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $3.3M | 20,383 | 0.4% | 6 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $3.2M | 33,194 | 0.4% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.1M | 24,470 | 0.4% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.8M | 34,217 | 0.3% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $2.7M | 9,140 | 0.3% | 21 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $2.6M | 16,830 | 0.3% | 7 |
| EVERPURE INC | [P](https://holderbook.com/stocks/P/) | $2.6M | 33,518 | 0.3% | 31 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $2.6M | 14,912 | 0.3% | 31 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $2.5M | 6,525 | 0.3% | 31 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $2.3M | 85,887 | 0.3% | 17 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $2.3M | 9,565 | 0.3% | 24 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $2.2M | 60,547 | 0.3% | 31 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $2.1M | 27,588 | 0.2% | 14 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $2.0M | 13,783 | 0.2% | 31 |
| FARMERS & MERCHANTS BK LONG | [FMBL](https://holderbook.com/stocks/FMBL/) | $2.0M | 223 | 0.2% | 31 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $2.0M | 9,225 | 0.2% | 13 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.7M | 62,500 | 0.2% | 31 |
| NEUROCRINE BIOSCIENCES INC | [NBIX](https://holderbook.com/stocks/NBIX/) | $1.6M | 9,755 | 0.2% | 25 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.6M | 6,147 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.8% | +14.8% | -3.0% | 99% |
| Q1 2026 | -0.1% | -4.6% | +4.5% | 99% |
| Q4 2025 | +7.7% | +2.4% | +5.3% | 99% |
| Q3 2025 | +8.7% | +7.8% | +0.9% | 99% |
| Q2 2025 | +7.2% | +10.5% | -3.3% | 100% |
| Q1 2025 | -2.3% | -4.6% | +2.2% | 100% |
| Q4 2024 | +0.6% | +2.1% | -1.6% | 100% |
| Q3 2024 | +7.6% | +5.4% | +2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $871.6M | 504 |
| Q1 2026 | $773.5M | 497 |
| Q4 2025 | $797.7M | 521 |
| Q3 2025 | $749.7M | 516 |
| Q2 2025 | $708.6M | 489 |
| Q1 2025 | $667.2M | 483 |
| Q4 2024 | $695.9M | 496 |
| Q3 2024 | $700.4M | 504 |
| Q2 2024 | $647.6M | 503 |
| Q1 2024 | $661.3M | 523 |
| Q4 2023 | $621.7M | 431 |
| Q3 2023 | $562.7M | 411 |