Copeland Capital Management 13FHR Quarterly holdings report by institutional manager | SEC 19 Jan 24

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ASML HOLDINGS NV-NY REG SHS	ADR	N07059210	2,271	3	SH		SOLE		3	0	0
ASSA ABLOY AB - UNSP ADR	ADR	045387107	2,502	174	SH		SOLE		174	0	0
BAE SYSTEMS PLC-SPON ADR	ADR	05523R107	2,313	40	SH		SOLE		40	0	0
BRENNTAG SE-UNSP ADR	ADR	107180101	3,260	178	SH		SOLE		178	0	0
CRESCENT POINT ENERGY CORP	ADR	22576C101	1,365	197	SH		SOLE		197	0	0
CRODA INTERNATIONAL PLC ADR	ADR	227047305	2,429	73	SH		SOLE		73	0	0
DBS GROUP HOLDINGS - SPON ADR	ADR	23304Y100	2,937	29	SH		SOLE		29	0	0
DNB ASA-SPONSOR ADR	ADR	23341C103	2,979	140	SH		SOLE		140	0	0
IBERDROLA SA-SPONSORED ADR	ADR	450737101	3,412	65	SH		SOLE		65	0	0
LONZA GROUP AG - UNSPONS ADR	ADR	54338V101	2,231	53	SH		SOLE		53	0	0
LVMH MOET HENNESSY-UNSP ADR	ADR	502441306	3,736	23	SH		SOLE		23	0	0
MERCK KGAA SPONSORED ADR	ADR	589339209	2,075	65	SH		SOLE		65	0	0
MTU AERO ENGINES	ADR	62473G102	1,943	18	SH		SOLE		18	0	0
MURATA MANUFACTURING CO LTD UN	ADR	626425102	3,019	286	SH		SOLE		286	0	0
NIDEC CORPORATION-SPON ADR	ADR	654090109	1,977	196	SH		SOLE		196	0	0
NITORI HLDGS CO LTD-UNSPON ADR	ADR	65479L108	2,926	219	SH		SOLE		219	0	0
RECRUIT HOLDINGS CO LTD - ADR	ADR	75629J101	3,741	448	SH		SOLE		448	0	0
RENTOKIL INITIAL PLC - SP ADR	ADR	760125104	2,346	82	SH		SOLE		82	0	0
ROCHE HOLDINGS LTD-SPONS ADR	ADR	771195104	2,464	68	SH		SOLE		68	0	0
SHIMANO INC - UNSPON ADR	ADR	82455C101	1,527	99	SH		SOLE		99	0	0
SHIN-ETSU CHEM-UNSPON ADR	ADR	824551105	4,326	207	SH		SOLE		207	0	0
SIKA AG-BR-ADR	ADR	82674R103	2,349	72	SH		SOLE		72	0	0
SVENSKA HANDELSB-A-UNSP ADR	ADR	86959C103	3,217	596	SH		SOLE		596	0	0
TELEPERFORMANCE UNSPONSORD ADR	ADR	87946F100	2,840	39	SH		SOLE		39	0	0
TERNA SPA-UNSPONSORED ADR	ADR	88088L103	2,152	86	SH		SOLE		86	0	0
THALES SA - UNSPON ADR	ADR	883219206	2,865	97	SH		SOLE		97	0	0
WOLTERS KLUWER NV-SPONS ADR	ADR	977874205	2,565	18	SH		SOLE		18	0	0
3M CO	COM	88579Y101	163,980	1,500	SH		SOLE		1,500	0	0
A10 NETWORKS INC	COM	002121101	26,419	2,006	SH		SOLE		2,006	0	0
AARON'S CO INC/THE	COM	00258W108	29,876	2,746	SH		SOLE		2,746	0	0
ABBOTT LABORATORIES	COM	002824100	137,367	1,248	SH		SOLE		1,248	0	0
ABBVIE INC	COM	00287Y109	223,002	1,439	SH		SOLE		1,439	0	0
ABM INDUSTRIES INC	COM	000957100	39,498,314	881,069	SH		SOLE		738,011	0	143,058
ABM INDUSTRIES INC	COM	000957100	4,646,505	103,647	SH		DFND	5	0	103,647	0
ABM INDUSTRIES INC	COM	000957100	3,087,980	68,882	SH		DFND	4	0	68,882	0
ACCENTURE PLC	COM	G1151C101	5,207,804	14,841	SH		SOLE		14,103	0	738
ACCENTURE PLC	COM	G1151C101	6,397,791	18,232	SH		DFND	4	0	18,232	0
ADVANSIX INC	COM	00773T101	27,234	909	SH		SOLE		909	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	4,032	29	SH		SOLE		29	0	0
AIR LEASE CORP	COM	00912X302	59,329,278	1,414,623	SH		SOLE		1,186,040	0	228,583
AIR LEASE CORP	COM	00912X302	5,751,573	137,138	SH		DFND	5	0	137,138	0
AIR LEASE CORP	COM	00912X302	3,820,315	91,090	SH		DFND	4	0	91,090	0
AIR PRODUCTS & CHEMICALS INC	COM	009158106	4,961,463	18,121	SH		SOLE		17,062	0	1,059
AIR PRODUCTS & CHEMICALS INC	COM	009158106	7,947,045	29,025	SH		DFND	4	0	29,025	0
ALBEMARLE	COM	012653101	171,209	1,185	SH		SOLE		1,185	0	0
ALEXANDRIA REAL EST REIT	COM	015271109	1,223,326	9,650	SH		SOLE		8,644	0	1,006
ALLISON TRANSMISSION HOLDING	COM	01973R101	51,928,098	893,003	SH		SOLE		744,564	0	148,439
ALLISON TRANSMISSION HOLDING	COM	01973R101	5,292,940	91,022	SH		DFND	5	0	91,022	0
ALLISON TRANSMISSION HOLDING	COM	01973R101	3,557,966	61,186	SH		DFND	4	0	61,186	0
ALLSTATE CORP	COM	020002101	1,011,095	7,223	SH		SOLE		6,275	0	948
AMDOCS LTD	COM	G02602103	4,570	52	SH		SOLE		52	0	0
AMERICAN TOWER	COM	03027X100	311,947	1,445	SH		SOLE		1,445	0	0
AMERICAN WATER WORKS CO INC	COM	030420103	59,395	450	SH		SOLE		450	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	5,852,117	15,407	SH		SOLE		14,588	0	819
AMERIPRISE FINANCIAL INC	COM	03076C106	8,309,921	21,878	SH		DFND	4	0	21,878	0
AMGEN INC	COM	031162100	118,376	411	SH		SOLE		411	0	0
AMPHENOL CORP CLASS A	COM	032095101	1,238,296	12,492	SH		SOLE		11,193	0	1,298
APPLE INC	COM	037833100	9,804,270	50,923	SH		SOLE		48,328	0	2,595
APPLE INC	COM	037833100	15,641,330	81,241	SH		DFND	4	0	81,241	0
APPLIED MATERIALS INC	COM	038222105	4,214	26	SH		SOLE		26	0	0
ARIS WATER SOLUTION INC-A	COM	04041L106	43,755	5,215	SH		SOLE		5,215	0	0
ARKO CORP	COM	041242108	30,294	3,672	SH		SOLE		3,672	0	0
ASTEC INDS INC	COM	046224101	23,436	630	SH		SOLE		630	0	0
ASTRAZENECA PLC ADR F SPONSORE	COM	046353108	2,761	41	SH		SOLE		41	0	0
AT&T	COM	00206R102	9,263	552	SH		SOLE		552	0	0
ATN INTERNATIONAL INC	COM	00215F107	33,358	856	SH		SOLE		856	0	0
ATRION CORP	COM	049904105	32,576	86	SH		SOLE		86	0	0
AUTO DATA PROCESSING	COM	053015103	3,804,187	16,329	SH		SOLE		15,749	0	580
AUTO DATA PROCESSING	COM	053015103	7,135,638	30,629	SH		DFND	4	0	30,629	0
BADGER METER INC	COM	056525108	2,933	19	SH		DFND	5	0	19	0
BANK OZK	COM	06417N103	68,949,089	1,383,686	SH		SOLE		1,159,552	0	224,134
BANK OZK	COM	06417N103	8,314,058	166,848	SH		DFND	5	0	166,848	0
BANK OZK	COM	06417N103	5,322,791	106,819	SH		DFND	4	0	106,819	0
BANK7 CORP	COM	06652N107	33,422	1,222	SH		SOLE		1,222	0	0
BEST BUY CO INC	COM	086516101	3,444	44	SH		SOLE		44	0	0
BLACKROCK INC	COM	09247X101	5,341,108	6,579	SH		SOLE		6,204	0	375
BLACKROCK INC	COM	09247X101	8,643,235	10,647	SH		DFND	4	0	10,647	0
BOOZ ALLEN HAMILTON HOLDINGS	COM	099502106	24,700,845	193,111	SH		SOLE		175,936	0	17,176
BOOZ ALLEN HAMILTON HOLDINGS	COM	099502106	8,059,730	63,011	SH		DFND	5	0	63,011	0
BOOZ ALLEN HAMILTON HOLDINGS	COM	099502106	5,416,605	42,347	SH		DFND	4	0	42,347	0
BROADCOM INC	COM	11135F101	9,530,975	8,538	SH		SOLE		8,114	0	424
BROADCOM INC	COM	11135F101	15,629,732	14,002	SH		DFND	4	0	14,002	0
BROADRIDGE FINANCIAL SOLUTIO	COM	11133T103	24,669,543	119,901	SH		SOLE		109,461	0	10,439
BROADRIDGE FINANCIAL SOLUTIO	COM	11133T103	8,052,912	39,139	SH		DFND	5	0	39,139	0
BROADRIDGE FINANCIAL SOLUTIO	COM	11133T103	5,370,075	26,100	SH		DFND	4	0	26,100	0
BROOKFIELD INFRASTRUCTURE-A	COM	11275Q107	59,977,786	1,700,051	SH		SOLE		1,412,578	0	287,473
BROOKFIELD INFRASTRUCTURE-A	COM	11275Q107	5,771,882	163,602	SH		DFND	5	0	163,602	0
BROOKFIELD INFRASTRUCTURE-A	COM	11275Q107	4,340,640	123,034	SH		DFND	4	0	123,034	0
BRUNSWICK CORP	COM	117043109	67,525,986	697,943	SH		SOLE		585,149	0	112,794
BRUNSWICK CORP	COM	117043109	7,737,104	79,970	SH		DFND	5	0	79,970	0
BRUNSWICK CORP	COM	117043109	5,150,776	53,238	SH		DFND	4	0	53,238	0
BWX TECHNOLOGIES	COM	05605H100	65,195,053	849,668	SH		SOLE		707,323	0	142,345
BWX TECHNOLOGIES	COM	05605H100	6,531,761	85,127	SH		DFND	5	0	85,127	0
BWX TECHNOLOGIES	COM	05605H100	4,310,384	56,176	SH		DFND	4	0	56,176	0
C S G SYSTEMS INTL	COM	126349109	28,787	541	SH		SOLE		541	0	0
CABLE ONE INC	COM	12685J105	37,441,256	67,269	SH		SOLE		56,156	0	11,113
CABLE ONE INC	COM	12685J105	3,473,934	6,241	SH		DFND	5	0	6,241	0
CABLE ONE INC	COM	12685J105	2,982,209	5,358	SH		DFND	4	0	5,358	0
CABOT CORP	COM	127055101	39,387,109	471,702	SH		SOLE		377,851	0	93,851
CANADIAN NATURAL RESOURCES	COM	136385101	4,062	62	SH		SOLE		62	0	0
CARLISLE COS INC	COM	142339100	20,992,128	67,190	SH		SOLE		61,190	0	6,000
CARLISLE COS INC	COM	142339100	6,891,059	22,056	SH		DFND	5	0	22,056	0
CARLISLE COS INC	COM	142339100	4,644,272	14,865	SH		DFND	4	0	14,865	0
CASEY'S GENERAL STORES INC	COM	147528103	72,090,736	262,396	SH		SOLE		219,050	0	43,347
CASEY'S GENERAL STORES INC	COM	147528103	7,612,216	27,707	SH		DFND	5	0	27,707	0
CASEY'S GENERAL STORES INC	COM	147528103	5,081,316	18,495	SH		DFND	4	0	18,495	0
CASS INFORMATION SYS	COM	14808P109	26,985	599	SH		SOLE		599	0	0
CDW CORP/DE	COM	12514G108	5,660,619	24,902	SH		SOLE		23,466	0	1,435
CDW CORP/DE	COM	12514G108	8,388,335	36,901	SH		DFND	4	0	36,901	0
CHEMED CORP	COM	16359R103	62,776,919	107,357	SH		SOLE		89,404	0	17,953
CHEMED CORP	COM	16359R103	6,392,028	10,931	SH		DFND	5	0	10,931	0
CHEMED CORP	COM	16359R103	4,144,123	7,087	SH		DFND	4	0	7,087	0
CHENIERE ENERGY	COM	16411R208	4,035,787	23,641	SH		SOLE		22,238	0	1,403
CHENIERE ENERGY	COM	16411R208	6,050,304	35,442	SH		DFND	4	0	35,442	0
CHESAPEAKE UTILITIES CORP	COM	165303108	47,297,246	447,763	SH		SOLE		374,081	0	73,682
CHESAPEAKE UTILITIES CORP	COM	165303108	4,489,709	42,504	SH		DFND	5	0	42,504	0
CHESAPEAKE UTILITIES CORP	COM	165303108	3,341,288	31,632	SH		DFND	4	0	31,632	0
CHORD ENERGY CORP	COM	674215207	61,080,782	367,447	SH		SOLE		303,030	0	64,417
CHORD ENERGY CORP	COM	674215207	5,606,658	33,728	SH		DFND	5	0	33,728	0
CHORD ENERGY CORP	COM	674215207	3,532,554	21,251	SH		DFND	4	0	21,251	0
CHUBB LTD	COM	H1467J104	23,504	104	SH		SOLE		104	0	0
CHURCH & DWIGHT	COM	171340102	239,520	2,533	SH		SOLE		2,533	0	0
CHURCHILL DOWNS	COM	171484108	21,995,661	163,015	SH		SOLE		148,529	0	14,486
CHURCHILL DOWNS	COM	171484108	7,438,870	55,131	SH		DFND	5	0	55,131	0
CHURCHILL DOWNS	COM	171484108	4,897,689	36,298	SH		DFND	4	0	36,298	0
CIVITAS RESOURCES INC	COM	17888H103	59,837,339	875,071	SH		SOLE		727,456	0	147,615
CIVITAS RESOURCES INC	COM	17888H103	5,632,349	82,368	SH		DFND	5	0	82,368	0
CIVITAS RESOURCES INC	COM	17888H103	3,817,655	55,830	SH		DFND	4	0	55,830	0
COGENT COMMUNICATIONS	COM	19239V302	60,526,323	795,771	SH		SOLE		665,321	0	130,450
COGENT COMMUNICATIONS	COM	19239V302	6,705,542	88,161	SH		DFND	5	0	88,161	0
COGENT COMMUNICATIONS	COM	19239V302	4,404,178	57,904	SH		DFND	4	0	57,904	0
COGNEX CORP	COM	192422103	13,510,153	323,674	SH		SOLE		294,998	0	28,676
COGNEX CORP	COM	192422103	3,937,163	94,326	SH		DFND	5	0	94,326	0
COGNEX CORP	COM	192422103	2,871,462	68,794	SH		DFND	4	0	68,794	0
COGNIZANT TECH SOLUTIONS-A	COM	192446102	4,381	58	SH		SOLE		58	0	0
COHEN & STEERS INC	COM	19247A100	66,287,822	875,318	SH		SOLE		734,383	0	140,935
COHEN & STEERS INC	COM	19247A100	7,836,406	103,478	SH		DFND	5	0	103,478	0
COHEN & STEERS INC	COM	19247A100	5,271,944	69,615	SH		DFND	4	0	69,615	0
COMCAST CORP	COM	20030N101	3,157	72	SH		SOLE		72	0	0
CONCENTRIX CORP	COM	20602D101	34,769,310	354,030	SH		SOLE		294,593	0	59,437
CONCENTRIX CORP	COM	20602D101	3,350,977	34,121	SH		DFND	5	0	34,121	0
CONCENTRIX CORP	COM	20602D101	2,218,957	22,594	SH		DFND	4	0	22,594	0
CONNECTONE BANCORP INC	COM	20786W107	32,189	1,405	SH		SOLE		1,405	0	0
CONSTELLATION BRANDS INC-A	COM	21036P108	4,921,960	20,360	SH		SOLE		19,132	0	1,228
CONSTELLATION BRANDS INC-A	COM	21036P108	7,792,569	32,234	SH		DFND	4	0	32,234	0
CORTEVA INC	COM	22052L104	167,337	3,492	SH		SOLE		3,492	0	0
COSTCO WHOLESALE	COM	22160K105	5,672,063	8,593	SH		SOLE		8,112	0	481
COSTCO WHOLESALE	COM	22160K105	8,260,901	12,515	SH		DFND	4	0	12,515	0
COTERRA ENERGY	COM	127097103	4,568	179	SH		SOLE		179	0	0
COTERRA ENERGY	COM	127097103	9,085	356	SH		DFND	5	0	356	0
CRA INTERNATIONAL INC	COM	12618T105	35,711,516	361,270	SH		SOLE		289,168	0	72,102
CTO REALTY GROWTH INC	COM	22948Q101	29,756	1,717	SH		SOLE		1,717	0	0
CUBESMART	COM	229663109	15,953,438	344,195	SH		SOLE		313,409	0	30,786
CUBESMART	COM	229663109	5,652,698	121,957	SH		DFND	5	0	121,957	0
CUBESMART	COM	229663109	3,829,483	82,621	SH		DFND	4	0	82,621	0
DANAHER	COM	235851102	14	0	SH		SOLE		0	0	0
DIAGEO PLC ADR	COM	25243Q205	3,205	22	SH		SOLE		22	0	0
DIAMONDBACK ENERGY	COM	25278X109	5,788,566	37,326	SH		SOLE		35,342	0	1,985
DIAMONDBACK ENERGY	COM	25278X109	15,353	99	SH		DFND	5	0	99	0
DIAMONDBACK ENERGY	COM	25278X109	9,115,602	58,780	SH		DFND	4	0	58,780	0
DICKS SPORTING GOODS INC	COM	253393102	21,045,003	143,212	SH		SOLE		130,852	0	12,360
DICKS SPORTING GOODS INC	COM	253393102	7,259,316	49,400	SH		DFND	5	0	49,400	0
DICKS SPORTING GOODS INC	COM	253393102	4,950,305	33,687	SH		DFND	4	0	33,687	0
DISCOVER FINANCIAL SERVICES	COM	254709108	5,239,856	46,618	SH		SOLE		43,924	0	2,694
DISCOVER FINANCIAL SERVICES	COM	254709108	562	5	SH		DFND	5	0	5	0
DISCOVER FINANCIAL SERVICES	COM	254709108	7,852,714	69,864	SH		DFND	4	0	69,864	0
DOMINO'S PIZZA INC	COM	25754A201	20,199,614	49,001	SH		SOLE		44,642	0	4,359
DOMINO'S PIZZA INC	COM	25754A201	6,510,664	15,794	SH		DFND	5	0	15,794	0
DOMINO'S PIZZA INC	COM	25754A201	4,417,457	10,716	SH		DFND	4	0	10,716	0
EASTGROUP PROPERTIES INC	COM	277276101	212,172	1,156	SH		SOLE		1,156	0	0
ELANCO ANIMAL HEALTH INC	COM	28414H103	14,647	983	SH		SOLE		983	0	0
ELEMENT SOLUTIONS INC	COM	28618M106	54,390,368	2,350,491	SH		SOLE		1,958,585	0	391,906
ELEMENT SOLUTIONS INC	COM	28618M106	5,531,877	239,061	SH		DFND	5	0	239,061	0
ELEMENT SOLUTIONS INC	COM	28618M106	3,651,700	157,809	SH		DFND	4	0	157,809	0
EMBECTA CORP	COM	29082K105	38,825	2,051	SH		SOLE		2,051	0	0
ENCOMPASS HEALTH	COM	29261A100	69,738,704	1,045,244	SH		SOLE		872,706	0	172,538
ENCOMPASS HEALTH	COM	29261A100	7,264,649	108,883	SH		DFND	5	0	108,883	0
ENCOMPASS HEALTH	COM	29261A100	4,820,520	72,250	SH		DFND	4	0	72,250	0
ENSIGN GROUP	COM	29358P101	97,834,206	871,885	SH		SOLE		725,756	0	146,129
ENSIGN GROUP	COM	29358P101	9,338,547	83,224	SH		DFND	5	0	83,224	0
ENSIGN GROUP	COM	29358P101	6,148,210	54,792	SH		DFND	4	0	54,792	0
ENTEGRIS INC	COM	29362U104	16,091	134	SH		DFND	5	0	134	0
EQUINIX INC	COM	29444U700	4,887,629	6,069	SH		SOLE		5,729	0	340
EQUINIX INC	COM	29444U700	8,457,400	10,501	SH		DFND	4	0	10,501	0
EQUITY LIFESTYLE PROPERTIES	COM	29472R108	992,307	14,067	SH		SOLE		12,594	0	1,473
ESQUIRE FINANCIAL HOLDINGS I	COM	29667J101	32,524	651	SH		SOLE		651	0	0
EXP WORLD HOLDING	COM	30212W100	51,050,790	3,289,355	SH		SOLE		2,752,293	0	537,062
EXP WORLD HOLDING	COM	30212W100	5,232,314	337,134	SH		DFND	5	0	337,134	0
EXP WORLD HOLDING	COM	30212W100	3,728,230	240,221	SH		DFND	4	0	240,221	0
EXPEDITORS INTL WASH INC	COM	302130109	4,834	38	SH		SOLE		38	0	0
EXXON MOBIL CORP	COM	30231G102	372,425	3,725	SH		SOLE		3,725	0	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	22,191,215	46,518	SH		SOLE		42,752	0	3,766
FACTSET RESEARCH SYSTEMS INC	COM	303075105	6,443,327	13,507	SH		DFND	5	0	13,507	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	10,132,065	21,239	SH		DFND	4	0	21,239	0
FAT BRANDS INC	COM	30258N105	20,640	3,406	SH		SOLE		3,406	0	0
FEDERAL AGRIC MTG CORP-CL C	COM	313148306	54,488,735	284,953	SH		SOLE		228,111	0	56,842
FORTIS INC	COM	349553107	2,344	57	SH		SOLE		57	0	0
FS BANCORP INC	COM	30263Y104	34,484	933	SH		SOLE		933	0	0
GCM GROSVENOR INC CL A	COM	36831e108	30,428	3,396	SH		SOLE		3,396	0	0
GENERAL ELECTRIC	COM	369604301	32,689	256	SH		SOLE		256	0	0
GFL ENVIRONMENTAL	COM	36168Q104	18,536,391	537,131	SH		SOLE		488,970	0	48,161
GFL ENVIRONMENTAL	COM	36168Q104	6,490,976	188,090	SH		DFND	5	0	188,090	0
GFL ENVIRONMENTAL	COM	36168Q104	4,497,550	130,326	SH		DFND	4	0	130,326	0
GLOBAL INDUSTRIAL COMPANY	COM	37892E102	33,014	850	SH		SOLE		850	0	0
GLOBE LIFE INC	COM	37959E102	15,068,449	123,796	SH		SOLE		112,494	0	11,302
GLOBE LIFE INC	COM	37959E102	5,707,638	46,892	SH		DFND	5	0	46,892	0
GLOBE LIFE INC	COM	37959E102	3,702,844	30,421	SH		DFND	4	0	30,421	0
GORMAN RUPP CO	COM	383082104	35,281	993	SH		SOLE		993	0	0
HACKETT GROUP INC	COM	404609109	25,798	1,133	SH		SOLE		1,133	0	0
HAMILTON LANE	COM	407497106	92,247,579	813,184	SH		SOLE		677,993	0	135,191
HAMILTON LANE	COM	407497106	9,411,763	82,967	SH		DFND	5	0	82,967	0
HAMILTON LANE	COM	407497106	6,274,480	55,311	SH		DFND	4	0	55,311	0
HEALTHSTREAM INC	COM	42222N103	39,221	1,451	SH		SOLE		1,451	0	0
HERSHEY CO/THE	COM	427866108	2,797	15	SH		SOLE		15	0	0
HINGHAM INSTN SVGS	COM	433323102	32,659	168	SH		SOLE		168	0	0
HOME BANCSHARES INC	COM	436893200	67,311,540	2,657,384	SH		SOLE		2,216,352	0	441,032
HOME BANCSHARES INC	COM	436893200	7,151,359	282,328	SH		DFND	5	0	282,328	0
HOME BANCSHARES INC	COM	436893200	4,851,075	191,515	SH		DFND	4	0	191,515	0
HOME DEPOT INC	COM	437076102	5,090,544	14,689	SH		SOLE		13,909	0	780
HOME DEPOT INC	COM	437076102	7,733,610	22,316	SH		DFND	4	0	22,316	0
HOOKER FURNISHINGS CORP	COM	439038100	35,391	1,357	SH		SOLE		1,357	0	0
HUMANA INC	COM	444859102	213,339	466	SH		SOLE		466	0	0
HUNT (JB) TRANSPRT SVCS INC	COM	445658107	913,180	4,572	SH		SOLE		4,124	0	448
HUNTINGTON INGALLS INDUSTRIE	COM	446413106	13,391,452	51,577	SH		SOLE		47,297	0	4,280
HUNTINGTON INGALLS INDUSTRIE	COM	446413106	4,529,399	17,445	SH		DFND	5	0	17,445	0
HUNTINGTON INGALLS INDUSTRIE	COM	446413106	3,002,737	11,565	SH		DFND	4	0	11,565	0
IMMERSION CORPORATION	COM	452521107	31,050	4,398	SH		SOLE		4,398	0	0
INFORMATION SVCS GP	COM	45675Y104	30,681	6,514	SH		SOLE		6,514	0	0
INSPERITY INC	COM	45778Q107	70,529,164	601,682	SH		SOLE		502,298	0	99,384
INSPERITY INC	COM	45778Q107	7,072,678	60,337	SH		DFND	5	0	60,337	0
INSPERITY INC	COM	45778Q107	4,822,196	41,138	SH		DFND	4	0	41,138	0
INTER PARFUMS INC	COM	458334109	76,321,461	529,973	SH		SOLE		442,345	0	87,628
INTER PARFUMS INC	COM	458334109	6,720,693	46,668	SH		DFND	5	0	46,668	0
INTER PARFUMS INC	COM	458334109	4,331,101	30,075	SH		DFND	4	0	30,075	0
INTUIT INC	COM	461202103	6,522,695	10,436	SH		SOLE		9,853	0	583
INTUIT INC	COM	461202103	10,119,236	16,190	SH		DFND	4	0	16,190	0
INVESTAR HOLDING CORP	COM	46134L105	37,707	2,529	SH		SOLE		2,529	0	0
IRADIMED CORP	COM	46266A109	40,207	847	SH		SOLE		847	0	0
ISHARES MSCI EAFE SMALL CAP IN	COM	464288273	5,695	92	SH		SOLE		92	0	0
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	6,731,567	86,602	SH		DFND	5	0	86,602	0
ISHARES TR RUSSELL 2000 INDX	COM	464287655	12,564,245	62,599	SH		SOLE		62,194	0	405
ISHARES TRUST REG SHS S&P MIDC	COM	464287507	36,614	132	SH		DFND	5	0	132	0
JACK HENRY & ASSOCIATES INC	COM	426281101	18,128,325	110,938	SH		SOLE		101,096	0	9,841
JACK HENRY & ASSOCIATES INC	COM	426281101	5,885,054	36,014	SH		DFND	5	0	36,014	0
JACK HENRY & ASSOCIATES INC	COM	426281101	3,982,629	24,372	SH		DFND	4	0	24,372	0
JOHNSON & JOHNSON	COM	478160104	291,066	1,857	SH		SOLE		1,857	0	0
JPMORGAN CHASE	COM	46625H100	85,050	500	SH		SOLE		500	0	0
KARAT PACKAGING INC	COM	48563L101	31,336	1,261	SH		SOLE		1,261	0	0
KENNEDY - WILSON HOLDINGS INC.	COM	489398107	2,426	196	SH		SOLE		196	0	0
KENNEDY - WILSON HOLDINGS INC.	COM	489398107	10,488	847	SH		DFND	5	0	847	0
KFORCE INC	COM	493732101	35,636,118	527,474	SH		SOLE		422,202	0	105,272
KINSALE CAPITAL GROUP INC	COM	49714P108	56,976,673	170,125	SH		SOLE		142,366	0	27,759
KINSALE CAPITAL GROUP INC	COM	49714P108	6,097,005	18,205	SH		DFND	5	0	18,205	0
KINSALE CAPITAL GROUP INC	COM	49714P108	4,289,527	12,808	SH		DFND	4	0	12,808	0
KROGER CO	COM	501044101	3,154	69	SH		SOLE		69	0	0
KULICKE & SOFFA INDUSTRIES	COM	501242101	53,271,724	973,533	SH		SOLE		817,854	0	155,679
KULICKE & SOFFA INDUSTRIES	COM	501242101	6,614,718	120,883	SH		DFND	5	0	120,883	0
KULICKE & SOFFA INDUSTRIES	COM	501242101	4,284,521	78,299	SH		DFND	4	0	78,299	0
LAKELAND FINANCIAL CORP	COM	511656100	47,499,977	728,974	SH		SOLE		583,154	0	145,820
LANDSTAR SYSTEM INC	COM	515098101	51,886,160	267,938	SH		SOLE		224,056	0	43,882
LANDSTAR SYSTEM INC	COM	515098101	5,885,805	30,394	SH		DFND	5	0	30,394	0
LANDSTAR SYSTEM INC	COM	515098101	3,850,730	19,885	SH		DFND	4	0	19,885	0
LEMAITRE VASCULAR INC	COM	525558201	60,738,058	1,070,086	SH		SOLE		892,607	0	177,479
LEMAITRE VASCULAR INC	COM	525558201	6,578,336	115,897	SH		DFND	5	0	115,897	0
LEMAITRE VASCULAR INC	COM	525558201	4,198,991	73,978	SH		DFND	4	0	73,978	0
LILLY ELI & CO	COM	532457108	5,590,251	9,590	SH		SOLE		9,153	0	437
LILLY ELI & CO	COM	532457108	8,153,302	13,987	SH		DFND	4	0	13,987	0
LINDE PLC F	COM	G54950103	28,750	70	SH		SOLE		70	0	0
LITTELFUSE INC	COM	537008104	57,385,581	214,477	SH		SOLE		178,797	0	35,680
LITTELFUSE INC	COM	537008104	6,058,415	22,643	SH		DFND	5	0	22,643	0
LITTELFUSE INC	COM	537008104	4,023,567	15,038	SH		DFND	4	0	15,038	0
MAGIC SFTWR ENTERPRS F	COM	559166103	25,872	2,670	SH		SOLE		2,670	0	0
MATADOR RESOURCES CO	COM	576485205	17,998,692	316,544	SH		SOLE		289,066	0	27,478
MATADOR RESOURCES CO	COM	576485205	6,467,208	113,739	SH		DFND	5	0	113,739	0
MATADOR RESOURCES CO	COM	576485205	4,186,772	73,633	SH		DFND	4	0	73,633	0
MATERION CORP	COM	576690101	58,609,210	450,390	SH		SOLE		360,540	0	89,850
MCDONALDS CORP	COM	580135101	141,732	478	SH		SOLE		462	0	16
MCKESSON CORP	COM	58155Q103	4,167	9	SH		SOLE		9	0	0
MERCK & CO. INC.	COM	58933Y105	65,412	600	SH		SOLE		600	0	0
MICROCHIP TECHNOLOGY FORWARD S	COM	595017104	4,058	45	SH		SOLE		45	0	0
MICROSOFT CORP	COM	594918104	8,644,831	22,989	SH		SOLE		21,805	0	1,184
MICROSOFT CORP	COM	594918104	14,095,483	37,484	SH		DFND	4	0	37,484	0
MID-AMERICA APARTMENT COMM	COM	59522J103	3,093	23	SH		SOLE		23	0	0
MONOLITHIC POWER SYS INC	COM	609839105	4,075,339	6,461	SH		SOLE		6,054	0	407
MONOLITHIC POWER SYS INC	COM	609839105	5,336,399	8,460	SH		DFND	4	0	8,460	0
MORGAN STANLEY	COM	617446448	5,035,522	54,000	SH		SOLE		50,985	0	3,015
MORGAN STANLEY	COM	617446448	5,595	60	SH		DFND	5	0	60	0
MORGAN STANLEY	COM	617446448	8,119,837	87,076	SH		DFND	4	0	87,076	0
MORNINGSTAR INC	COM	617700109	18,107,256	63,259	SH		SOLE		57,758	0	5,501
MORNINGSTAR INC	COM	617700109	6,356,537	22,207	SH		DFND	5	0	22,207	0
MORNINGSTAR INC	COM	617700109	4,254,958	14,865	SH		DFND	4	0	14,865	0
MOTOROLA SOLUTIONS INC	COM	620076307	6,386,356	20,398	SH		SOLE		19,251	0	1,147
MOTOROLA SOLUTIONS INC	COM	620076307	10,001,034	31,943	SH		DFND	4	0	31,943	0
MSC INDUSTRIAL DIRECT CO-A	COM	553530106	2,835	28	SH		DFND	5	0	28	0
MSCI INC	COM	55354G100	5,189,027	9,174	SH		SOLE		8,646	0	527
MSCI INC	COM	55354G100	7,837,646	13,856	SH		DFND	4	0	13,856	0
NAPCO SECURITY TECHNOLOGIES	COM	630402105	30,654	895	SH		SOLE		895	0	0
NASDAQ OMX GROUP INC	COM	631103108	131,338	2,259	SH		SOLE		2,259	0	0
NATIONAL HEALTHCARE	COM	635906100	30,406	329	SH		SOLE		329	0	0
NESTLE	COM	641069406	3,122	27	SH		SOLE		27	0	0
NEXPOINT RESIDENTIAL	COM	65341D102	29,845,548	866,847	SH		SOLE		691,924	0	174,923
NEXPOINT RESIDENTIAL	COM	65341D102	30,204	877	SH		DFND	5	0	877	0
NEXSTAR MEDIA GROUP INC	COM	65336K103	63,035,717	402,142	SH		SOLE		339,644	0	62,497
NEXSTAR MEDIA GROUP INC	COM	65336K103	5,985,234	38,183	SH		DFND	5	0	38,183	0
NEXSTAR MEDIA GROUP INC	COM	65336K103	12,421,183	79,242	SH		DFND	4	0	79,242	0
NEXTERA ENERGY	COM	65339F101	4,286,621	70,573	SH		SOLE		66,392	0	4,181
NEXTERA ENERGY	COM	65339F101	6,945,558	114,349	SH		DFND	4	0	114,349	0
NORDSON CORP COM	COM	655663102	20,030,754	75,828	SH		SOLE		69,157	0	6,671
NORDSON CORP COM	COM	655663102	6,617,564	25,051	SH		DFND	5	0	25,051	0
NORDSON CORP COM	COM	655663102	4,474,606	16,939	SH		DFND	4	0	16,939	0
NORTHERN OIL AND GAS INC	COM	665531307	68,558,403	1,849,431	SH		SOLE		1,543,080	0	306,351
NORTHERN OIL AND GAS INC	COM	665531307	7,009,249	189,081	SH		DFND	5	0	189,081	0
NORTHERN OIL AND GAS INC	COM	665531307	4,670,079	125,980	SH		DFND	4	0	125,980	0
NOVO-NORDISK A S ADR	COM	670100205	24,518	237	SH		SOLE		237	0	0
OLD DOMINION FREIGHT LINE	COM	679580100	3,275,877	8,082	SH		SOLE		7,777	0	305
OLD DOMINION FREIGHT LINE	COM	679580100	6,911,687	17,052	SH		DFND	4	0	17,052	0
OPEN TEXT CORP	COM	683715106	5,000	119	SH		SOLE		119	0	0
OTIS WORLDWIDE	COM	68902V107	5,250,676	58,686	SH		SOLE		55,391	0	3,295
OTIS WORLDWIDE	COM	68902V107	8,717,152	97,431	SH		DFND	4	0	97,431	0
P10 INC-A	COM	69376K106	25,080	2,454	SH		SOLE		2,454	0	0
PAPA JOHNS INTERNATIONAL INC	COM	698813102	34,853,317	457,213	SH		SOLE		364,554	0	92,659
PARK AEROSPACE CORP	COM	70014A104	32,384	2,203	SH		SOLE		2,203	0	0
PATRICK INDUSTRIES	COM	703343103	34,320	342	SH		SOLE		342	0	0
PAYCHEX INC	COM	704326107	3,454	29	SH		SOLE		29	0	0
PAYCOM SOFTWARE INC	COM	70432V102	1,066,679	5,160	SH		SOLE		4,565	0	595
PEPSICO INC	COM	713448108	84,920	500	SH		SOLE		500	0	0
PERRIGO COMPANY	COM	G97822103	54,201,204	1,684,313	SH		SOLE		1,394,732	0	289,581
PERRIGO COMPANY	COM	G97822103	5,172,633	160,741	SH		DFND	5	0	160,741	0
PERRIGO COMPANY	COM	G97822103	3,793,443	117,882	SH		DFND	4	0	117,882	0
PFIZER INC	COM	717081103	143,461	4,983	SH		SOLE		4,983	0	0
PIONEER NATURAL RESOURCES CO	COM	723787107	225	1	SH		SOLE		1	0	0
PLYMOUTH INDUSTRIAL REIT INC	COM	729640102	30,882	1,283	SH		SOLE		1,283	0	0
POOL CORP	COM	73278L105	22,891,077	57,413	SH		SOLE		52,839	0	4,574
POOL CORP	COM	73278L105	6,096,191	15,290	SH		DFND	5	0	15,290	0
POOL CORP	COM	73278L105	11,927,808	29,916	SH		DFND	4	0	29,916	0
POWER INTEGRATIONS INC	COM	739276103	56,101,761	683,251	SH		SOLE		571,566	0	111,685
POWER INTEGRATIONS INC	COM	739276103	6,094,192	74,220	SH		DFND	5	0	74,220	0
POWER INTEGRATIONS INC	COM	739276103	4,059,026	49,434	SH		DFND	4	0	49,434	0
PPG INDUSTRIES INC	COM	693506107	139,979	936	SH		SOLE		936	0	0
PROSPERITY BANCSHARES INC	COM	743606105	15,431,739	227,842	SH		SOLE		208,540	0	19,302
PROSPERITY BANCSHARES INC	COM	743606105	5,376,649	79,384	SH		DFND	5	0	79,384	0
PROSPERITY BANCSHARES INC	COM	743606105	3,547,156	52,372	SH		DFND	4	0	52,372	0
QUAKER CHEMICAL CORPORATION	COM	747316107	57,530,261	269,564	SH		SOLE		225,224	0	44,340
QUAKER CHEMICAL CORPORATION	COM	747316107	6,272,152	29,389	SH		DFND	5	0	29,389	0
QUAKER CHEMICAL CORPORATION	COM	747316107	4,205,228	19,704	SH		DFND	4	0	19,704	0
QUEST DIAGNOSTICS	COM	74834L100	16,719,742	121,263	SH		SOLE		111,259	0	10,004
QUEST DIAGNOSTICS	COM	74834L100	5,844,726	42,390	SH		DFND	5	0	42,390	0
QUEST DIAGNOSTICS	COM	74834L100	3,741,512	27,136	SH		DFND	4	0	27,136	0
RANGER ENERGY SERVICES INC	COM	75282U104	29,176	2,852	SH		SOLE		2,852	0	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	5,463	49	SH		SOLE		49	0	0
RBB BANCORP	COM	74930B105	31,530	1,656	SH		SOLE		1,656	0	0
RCI HOSPITALITY HOLDINGS INC	COM	74934Q108	33,594	507	SH		SOLE		507	0	0
RELIANCE STEEL & ALUMINUM	COM	759509102	28,986,845	103,643	SH		SOLE		95,290	0	8,353
RELIANCE STEEL & ALUMINUM	COM	759509102	8,763,003	31,332	SH		DFND	5	0	31,332	0
RELIANCE STEEL & ALUMINUM	COM	759509102	13,373,179	47,816	SH		DFND	4	0	47,816	0
RESMED INC	COM	761152107	1,278,986	7,435	SH		SOLE		6,638	0	797
RILEY EXPLORATION PERMIAN INC	COM	76665T102	33,097	1,215	SH		SOLE		1,215	0	0
ROLLINS INC	COM	775711104	20,066	459	SH		SOLE		459	0	0
ROSS STORES INC	COM	778296103	5,620,255	40,612	SH		SOLE		38,559	0	2,052
ROSS STORES INC	COM	778296103	8,477,633	61,259	SH		DFND	4	0	61,259	0
RYDER SYSTEMS INC	COM	783549108	2,343	20	SH		DFND	5	0	20	0
RYERSON HOLDINGS CORP	COM	783754104	34,333	990	SH		SOLE		990	0	0
SANDRIDGE ENERGY INC	COM	80007P869	26,807	1,961	SH		SOLE		1,961	0	0
SANFILIPPO JOHN B	COM	800422107	28,336	275	SH		SOLE		275	0	0
SCHNEIDER NATL INC	COM	80689H102	12,547,079	493,009	SH		SOLE		394,213	0	98,796
SHERWIN-WILLIAMS	COM	824348106	6,065,379	19,447	SH		SOLE		18,310	0	1,136
SHERWIN-WILLIAMS	COM	824348106	10,918,059	35,005	SH		DFND	4	0	35,005	0
SHOE CARNIVAL INC	COM	824889109	44,612,106	1,476,733	SH		SOLE		1,182,667	0	294,066
SHUTTERSTOCK INC	COM	825690100	56,415,671	1,168,510	SH		SOLE		976,527	0	191,983
SHUTTERSTOCK INC	COM	825690100	6,387,677	132,305	SH		DFND	5	0	132,305	0
SHUTTERSTOCK INC	COM	825690100	4,512,394	93,463	SH		DFND	4	0	93,463	0
SINCLAIR BROADCAST GROUP	COM	829242106	21,825	1,675	SH		SOLE		1,675	0	0
SIRIUS XM HOLDINGS	COM	82968B103	3,222	589	SH		SOLE		589	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	3,822	34	SH		SOLE		34	0	0
SNAP-ON INC	COM	833034101	4,333	15	SH		SOLE		15	0	0
SNAP-ON INC	COM	833034101	11,554	40	SH		DFND	5	0	40	0
SONY GROUP CORP	COM	835699307	3,504	37	SH		SOLE		37	0	0
SOUTH PLAINS FINL INC	COM	83946P107	28,815	995	SH		SOLE		995	0	0
SPDR S&P 500 ETF TRUST	COM	78462f103	11,407	24	SH		SOLE		24	0	0
SS&C TECHNOLOGIES HOLDINGS	COM	78467J100	216,024	3,535	SH		SOLE		3,535	0	0
STANDEX INTL CORP	COM	854231107	72,954,121	460,627	SH		SOLE		382,823	0	77,804
STANDEX INTL CORP	COM	854231107	7,289,313	46,024	SH		DFND	5	0	46,024	0
STANDEX INTL CORP	COM	854231107	4,708,637	29,730	SH		DFND	4	0	29,730	0
STARBUCKS CORP	COM	855244109	4,989,310	51,967	SH		SOLE		49,054	0	2,913
STARBUCKS CORP	COM	855244109	8,123,886	84,615	SH		DFND	4	0	84,615	0
STEPAN CO	COM	858586100	42,831	453	SH		SOLE		453	0	0
STERIS PLC	COM	G8473T100	25,104,210	114,188	SH		SOLE		104,569	0	9,619
STERIS PLC	COM	G8473T100	7,102,751	32,307	SH		DFND	5	0	32,307	0
STERIS PLC	COM	G8473T100	13,656,203	62,116	SH		DFND	4	0	62,116	0
STEVANATO GROUP SPA	COM	T9224W109	53,515,630	1,960,998	SH		SOLE		1,604,238	0	356,760
STEVANATO GROUP SPA	COM	T9224W109	2,021,731	74,083	SH		DFND	5	0	74,083	0
STEVANATO GROUP SPA	COM	T9224W109	1,465,391	53,697	SH		DFND	4	0	53,697	0
STEWART INFORMATION SERVICES C	COM	860372101	32,019	545	SH		SOLE		545	0	0
STRYKER CORP	COM	863667101	5,091	17	SH		SOLE		17	0	0
SYNCHRONY FINL	COM	87165b103	100,363	2,628	SH		SOLE		2,628	0	0
TERRENO REALTY CORP	COM	88146M101	57,518,437	917,799	SH		SOLE		762,541	0	155,258
TERRENO REALTY CORP	COM	88146M101	5,922,894	94,509	SH		DFND	5	0	94,509	0
TERRENO REALTY CORP	COM	88146M101	4,178,773	66,679	SH		DFND	4	0	66,679	0
TETRA TECH INC	COM	88162G103	64,568,611	386,801	SH		SOLE		323,789	0	63,012
TETRA TECH INC	COM	88162G103	7,173,830	42,975	SH		DFND	5	0	42,975	0
TETRA TECH INC	COM	88162G103	4,645,328	27,828	SH		DFND	4	0	27,828	0
THE BANK OF PRINCETON	COM	74179A107	30,335	845	SH		SOLE		845	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	3,185	6	SH		SOLE		6	0	0
TJX COMPANIES INC	COM	872540109	24,203	258	SH		SOLE		258	0	0
TORO CO	COM	891092108	2,880	30	SH		DFND	5	0	30	0
TORONTO DOMINION BANK F	COM	891160509	3,296	51	SH		SOLE		51	0	0
TOWNSQUARE MEDIA INC - CL A	COM	892231101	27,002	2,557	SH		SOLE		2,557	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	1,083,106	5,037	SH		SOLE		4,495	0	542
TRACTOR SUPPLY COMPANY	COM	892356106	11,397	53	SH		DFND	5	0	53	0
TRANSUNION	COM	89400J107	14,939,166	217,423	SH		SOLE		198,337	0	19,086
TRANSUNION	COM	89400J107	4,712,080	68,579	SH		DFND	5	0	68,579	0
TRANSUNION	COM	89400J107	3,277,879	47,706	SH		DFND	4	0	47,706	0
TRAVEL & LEISURE CO	COM	894164102	48,842,480	1,249,488	SH		SOLE		1,040,224	0	209,264
TRAVEL & LEISURE CO	COM	894164102	5,319,793	136,091	SH		DFND	5	0	136,091	0
TRAVEL & LEISURE CO	COM	894164102	3,574,272	91,437	SH		DFND	4	0	91,437	0
TTEC HOLDINGS INC	COM	89854H102	898	41	SH		DFND	5	0	41	0
TURNING PT BRANDS	COM	90041L105	36,006	1,368	SH		SOLE		1,368	0	0
U.S. PHYSICAL THERAPY INC	COM	90337L108	59,593,198	639,824	SH		SOLE		532,362	0	107,462
U.S. PHYSICAL THERAPY INC	COM	90337L108	5,943,503	63,813	SH		DFND	5	0	63,813	0
U.S. PHYSICAL THERAPY INC	COM	90337L108	4,008,652	43,039	SH		DFND	4	0	43,039	0
UBS GROUP AG	COM	H42097107	5,284	171	SH		SOLE		171	0	0
UFP PACKAGING	COM	90278Q108	55,251,469	440,075	SH		SOLE		368,815	0	71,260
UFP PACKAGING	COM	90278Q108	6,398,076	50,960	SH		DFND	5	0	50,960	0
UFP PACKAGING	COM	90278Q108	4,316,535	34,381	SH		DFND	4	0	34,381	0
UMH PROPERTIES	COM	903002103	35,778,767	2,335,429	SH		SOLE		1,859,023	0	476,406
UNIFIRST CORP/MA	COM	904708104	44,332,634	242,374	SH		SOLE		202,570	0	39,804
UNIFIRST CORP/MA	COM	904708104	4,923,049	26,915	SH		DFND	5	0	26,915	0
UNIFIRST CORP/MA	COM	904708104	3,287,990	17,976	SH		DFND	4	0	17,976	0
UNILEVER PLC	COM	904767704	2,424	50	SH		SOLE		50	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	7,987,925	15,173	SH		SOLE		14,360	0	812
UNITEDHEALTH GROUP INC	COM	91324P102	12,976,959	24,649	SH		DFND	4	0	24,649	0
UNIVERSAL DISPLAY	COM	91347P105	90,235,814	471,797	SH		SOLE		394,178	0	77,619
UNIVERSAL DISPLAY	COM	91347P105	8,509,818	44,493	SH		DFND	5	0	44,493	0
UNIVERSAL DISPLAY	COM	91347P105	5,454,544	28,519	SH		DFND	4	0	28,519	0
UTAH MEDICAL PRODUCT	COM	917488108	28,466	338	SH		SOLE		338	0	0
UTZ BRANDS INC	COM	918090101	47,945,960	2,952,337	SH		SOLE		2,356,676	0	595,661
VALMONT INDUSTRIES	COM	920253101	58,121,239	248,903	SH		SOLE		207,812	0	41,091
VALMONT INDUSTRIES	COM	920253101	6,313,714	27,038	SH		DFND	5	0	27,038	0
VALMONT INDUSTRIES	COM	920253101	4,532,196	19,409	SH		DFND	4	0	19,409	0
VANGUARD MID-CAP ETF	COM	922908629	234,759	1,009	SH		DFND	5	0	1,009	0
VISA INC	COM	92826C839	7,475,463	28,713	SH		SOLE		27,209	0	1,504
VISA INC	COM	92826C839	12,493,155	47,986	SH		DFND	4	0	47,986	0
WASTE CONNECTIONS INC	COM	94106B101	6,808,968	45,615	SH		SOLE		43,270	0	2,345
WASTE CONNECTIONS INC	COM	94106B101	11,060,011	74,094	SH		DFND	4	0	74,094	0
WASTE MANAGEMENT INC	COM	94106L109	3,761	21	SH		SOLE		21	0	0
WEST PHARMACEUTICAL SERVICES	COM	955306105	1,261,092	3,581	SH		SOLE		3,209	0	372
WILLIAMS SONOMA	COM	969904101	4,843	24	SH		SOLE		24	0	0
WINGSTOP INC	COM	974155103	79,692,411	310,595	SH		SOLE		257,655	0	52,940
WINGSTOP INC	COM	974155103	7,421,236	28,924	SH		DFND	5	0	28,924	0
WINGSTOP INC	COM	974155103	4,890,671	19,061	SH		DFND	4	0	19,061	0
WINMARK CORP	COM	974250102	22,965	55	SH		SOLE		55	0	0
WR BERKLEY CORP	COM	084423102	3,235	46	SH		SOLE		46	0	0
ZOETIS INC	COM	98978V103	5,393,123	27,325	SH		SOLE		26,058	0	1,267
ZOETIS INC	COM	98978V103	8,233,092	41,714	SH		DFND	4	0	41,714	0

Copeland Capital Management 13F-HRQuarterly holdings report by institutional manager