Q2 2026 13F · SEC CIK 1277279

Thompson Investment Management, Inc.

Mutual fund managerFiled 2026-07-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $871.5M
Reported positions: 501
Top holdings a year, 3 yrs: +19.5%
Assets under management: $3.1B

Thompson Investment Management, Inc. is a mutual fund manager that reported 501 positions worth $871.5M in its Q2 2026 13F, filed 2026-07-13. Its largest holdings were Alphabet Inc (GOOGL, 5.4%), Microsoft Corp (MSFT, 3.3%), Exxon Mobil Corp (XOM, 2.4%). A portfolio copying its top holdings returned 19.5% a year over the last 3 years, against 20.4% for the S&P 500.

Thompson Investment Management, Inc. holdings largest 50 of 501 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Thompson Investment Management, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
GOOGLAlphabet Inc	5.4%	5.3%	132,756	-7.4%	$47.4M
MSFTMicrosoft Corp	3.3%	3.4%	77,238	+8.7%	$28.8M
XOMExxon Mobil Corp	2.4%	3.3%	150,664	+0.1%	$20.6M
CCitigroup Inc Com New	2.1%	2.1%	133,704	-4.6%	$18.7M
VTRSViatris Inc	2.0%	1.9%	1,091,367	-1.3%	$17.3M
CSCOCisco Sys Inc	1.7%	1.5%	128,339	-13.4%	$15.1M
KRNTKornit Digital Ltd	1.7%	1.7%	907,005	+0.7%	$14.7M
QCOMQualcomm Inc	1.7%	1.6%	79,017	-16.9%	$14.6M
LKQLkq Corp	1.6%	1.5%	534,842	+35.5%	$14.1M
UNHUnitedhealth Group Inc Com	1.6%	1.5%	33,642	-20.5%	$14.0M
JPMJpmorgan Chase & Co	1.6%	1.6%	42,275	-0.1%	$13.8M
AMNAmn Healthcare Svcs Inc Com	1.6%	1.1%	422,381	-7.6%	$13.7M
BACBank of Amer Corp	1.5%	1.5%	233,039	-2.5%	$13.3M
CVSCvs Caremark Corporation	1.5%	1.2%	126,036	-1.7%	$13.0M
NXPINxp Semiconductors N V	1.4%	1.2%	44,310	-3.0%	$12.5M
JNJJohnson & Johnson	1.4%	1.5%	48,713	-0.0%	$12.4M
AAPLApple Inc	1.4%	1.4%	42,622	-1.3%	$12.3M
PEPPepsico Inc	1.4%	1.6%	87,165	+11.8%	$11.8M
PFGCPerformance Food Group Co	1.3%	1.1%	104,158	+0.5%	$11.6M
TGTTarget Corp Com	1.3%	1.4%	88,458	-0.4%	$11.6M
METAMeta Platforms Inc Class A	1.3%	1.5%	20,504	+4.5%	$11.5M
PFEPfizer Inc	1.3%	1.7%	469,287	+1.1%	$11.3M
AREAlexandria Real Estate Equities Inc	1.3%	1.1%	212,431	+17.6%	$11.2M
CHWYChewy Inc	1.3%	0.9%	559,866	+110.5%	$11.0M
EBAYEbay Inc.	1.2%	1.4%	97,165	-17.5%	$10.9M
COHRCoherent Corp	1.2%	1.2%	27,175	-28.4%	$10.7M
SCHWSchwab Charles Corp	1.2%	1.3%	115,819	+12.5%	$10.7M
PYPLPaypal Hldgs Inc	1.2%	1.3%	246,784	+7.4%	$10.7M
OIO-I Glass Inc	1.2%	1.0%	1,045,371	+36.9%	$10.1M
CNXCConcentrix Corp	1.1%	1.1%	445,441	+41.6%	$10.0M
PGProcter & Gamble Co Com	1.1%	1.2%	64,779	+1.6%	$9.5M
GEGe Aerospace	1.1%	0.9%	24,878	+0.0%	$9.3M
VVisa Inc Com Cl A	1.1%	1.0%	27,042	+0.9%	$9.3M
STTState Str Corp	1.1%	1.0%	54,352	-7.6%	$9.2M
ABBVAbbvie Inc	1.0%	0.9%	34,736	+9.2%	$8.7M
CFGCitizens Finl Group Inc	1.0%	0.9%	118,394	-0.6%	$8.3M
MCHPMicrochip Tech Inc	0.9%	—	90,349	—	$8.2M
PNCPnc Finl Svcs Group Inc	0.9%	0.9%	33,090	+0.0%	$8.1M
INTUIntuit	0.9%	0.9%	30,507	+83.8%	$8.0M
WECWEC Energy Group Inc.	0.9%	1.0%	67,866	+0.3%	$7.9M
FCXFreeport Mcmoran Inc Cl B	0.9%	1.0%	125,410	-0.2%	$7.9M
FLGFlagstar Bank National Assoc	0.9%	0.9%	525,323	+0.6%	$7.8M
KEYSKeysight Technologies Inc Com	0.9%	0.9%	21,653	-11.4%	$7.6M
VIAVViavi Solutions Inc	0.9%	0.9%	157,418	-28.4%	$7.5M
CIThe Cigna Group	0.8%	0.9%	26,780	+1.1%	$7.4M
SJMSmucker J M Co	0.8%	—	63,515	—	$7.1M
ADBEAdobe Inc	0.8%	0.9%	34,659	+24.2%	$7.1M
WDAYWorkday Inc	0.8%	—	57,704	—	$7.1M
ICEIntercontinental Exchange in	0.8%	—	55,907	—	$6.9M
GEVGe Vernova Inc	0.8%	—	5,834	—	$6.9M

What Thompson Investment Management, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

CHWY Chewy Inc+110.5% shares
INTU Intuit+83.8% shares
CNXC Concentrix Corp+41.6% shares
OI O-I Glass Inc+36.9% shares
LKQ Lkq Corp+35.5% shares
ADBE Adobe Inc+24.2% shares
ARE Alexandria Real Estate Equities Inc+17.6% shares
SCHW Schwab Charles Corp+12.5% shares

Reduced

COHR Coherent Corp-28.4% shares
VIAV Viavi Solutions Inc-28.4% shares
UNH Unitedhealth Group Inc Com-20.5% shares
EBAY Ebay Inc.-17.5% shares
QCOM Qualcomm Inc-16.9% shares
CSCO Cisco Sys Inc-13.4% shares
KEYS Keysight Technologies Inc Com-11.4% shares
STT State Str Corp-7.6% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +28.7% /yr; S&P 500 +20.1%
3 years: +19.5% /yr; S&P 500 +20.4%
5 years: +9.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$871.5M	501
Q1 2026	$773.4M	496
Q4 2025	$797.7M	520
Q3 2025	$749.6M	514
Q2 2025	$708.4M	487
Q1 2025	$667.0M	481
Q4 2024	$695.7M	494
Q3 2024	$700.2M	502
Q2 2024	$647.4M	501
Q1 2024	$661.2M	521
Q4 2023	$621.6M	430
Q3 2023	$562.5M	410

Questions about Thompson Investment Management, Inc.'s portfolio

What stocks does Thompson Investment Management, Inc. own?

Thompson Investment Management, Inc.'s latest 13F, for Q2 2026 and filed Jul 13, 2026, lists 501 positions worth $871.5M. The largest are Alphabet Inc (GOOGL) at 5.4%, Microsoft Corp (MSFT) at 3.3%, Exxon Mobil Corp (XOM) at 2.4%, Citigroup Inc Com New (C) at 2.1% and Viatris Inc (VTRS) at 2.0%.

What did Thompson Investment Management, Inc. buy last quarter?

In Q2 2026, Thompson Investment Management, Inc. added Chewy Inc (CHWY) (+110.5% shares), Intuit (INTU) (+83.8% shares) and Concentrix Corp (CNXC) (+41.6% shares), compared with its Q1 2026 filing.

What did Thompson Investment Management, Inc. sell last quarter?

In Q2 2026, Thompson Investment Management, Inc. cut from its top 50 Warner Bros Discovery Inc (WBD), cut from its top 50 Chevron Corp New (CVX), cut from its top 50 Northern Trust Corp. (NTRS), cut from its top 50 Fedex Corp (FDX), cut from its top 50 Bristol-Myers Squibb Co Com (BMY), Coherent Corp (COHR) (-28.4% shares), Viavi Solutions Inc (VIAV) (-28.4% shares) and Unitedhealth Group Inc Com (UNH) (-20.5% shares), compared with its Q1 2026 filing.

How has Thompson Investment Management, Inc.'s portfolio performed?

A portfolio copying Thompson Investment Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.5% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +28.7% against +20.1%. Over 5 years: +9.5% a year against +11.6%.

When is Thompson Investment Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Thompson Investment Management, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Thompson Investment Management, Inc. manage?

Thompson Investment Management, Inc. reported $3.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $871.5M.