Thompson Investment Management 13F-HR Quarterly holdings report by institutional manager

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
Estimated average burden
hours per response:		23.8

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
ABB LTD SPONSORED ADR	ADR	000375204	6,006	283,690	SH		SOLE		0	270,650	13,040
ABB LTD SPONSORED ADR	ADR	000375204	58	2,750	SH		DFND		0	2,750	0
AON PLC SHS CL A	ADR	G0408V102	231	2,399	SH		SOLE		0	2,000	399
BANK OF MONTREAL	ADR	063671101	463	7,713	SH		SOLE		0	7,344	369
BANK OF MONTREAL	ADR	063671101	163	2,725	SH		DFND		0	2,725	0
CAMECO CORP COM	ADR	13321L108	168	12,025	SH		SOLE		0	12,025	0
CATAMARAN CORP COM	ADR	148887102	642	10,775	SH		SOLE		0	10,775	0
INGERSOLL-RAND PLC SHS	ADR	G47791101	1,414	20,775	SH		SOLE		0	20,775	0
LUNDIN MINING CORP COM	ADR	550372106	179	43,600	SH		SOLE		0	43,600	0
MEDTRONIC PLC SHS	ADR	G5960L103	375	4,805	SH		SOLE		0	4,555	250
MEDTRONIC PLC SHS	ADR	G5960L103	8	100	SH		DFND		0	100	0
MICHAEL KORS HLDGS LTD SHS	ADR	G60754101	301	4,575	SH		SOLE		0	4,575	0
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	6,190	61,678	SH		SOLE		0	59,433	2,245
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	38	375	SH		DFND		0	375	0
PETROCHINA CO LTD SPONSORED A	ADR	71646E100	1,358	12,215	SH		SOLE		0	12,215	0
SCHLUMBERGER	ADR	806857108	5,575	66,810	SH		SOLE		0	63,646	3,164
SCHLUMBERGER	ADR	806857108	30	358	SH		DFND		0	358	0
3M CO COM	COM	88579Y101	4,848	29,393	SH		SOLE		0	28,283	1,110
3M CO COM	COM	88579Y101	92	555	SH		DFND		0	555	0
ABBVIE INC. COM	COM	00287Y109	216	3,686	SH		SOLE		0	2,986	700
ADOBE SYS INC	COM	00724F101	389	5,260	SH		SOLE		0	4,260	1,000
AFLAC INC	COM	001055102	3,674	57,392	SH		SOLE		0	55,542	1,850
AFLAC INC	COM	001055102	22	350	SH		DFND		0	350	0
ALLIANCE DATA SYS CORP COM	COM	018581108	4,610	15,560	SH		SOLE		0	15,080	480
ALLIANCE DATA SYS CORP COM	COM	018581108	34	115	SH		DFND		0	115	0
ALLISON TRANSMISSION H COM	COM	01973R101	3,158	98,883	SH		SOLE		0	94,908	3,975
ALLISON TRANSMISSION H COM	COM	01973R101	44	1,390	SH		DFND		0	1,390	0
ALTERA CORPORATION	COM	021441100	5,003	116,599	SH		SOLE		0	113,574	3,025
ALTERA CORPORATION	COM	021441100	25	575	SH		DFND		0	575	0
AMERICAN EXPRESS CO	COM	025816109	1,040	13,318	SH		SOLE		0	13,318	0
AMERIPRISE FINL INC COM	COM	03076C106	282	2,154	SH		SOLE		0	2,154	0
AMGEN INC	COM	031162100	4,581	28,655	SH		SOLE		0	27,525	1,130
AMGEN INC	COM	031162100	31	195	SH		DFND		0	195	0
APACHE CORP	COM	037411105	3,417	56,636	SH		SOLE		0	54,426	2,210
APACHE CORP	COM	037411105	17	285	SH		DFND		0	285	0
APPLE INC COM	COM	037833100	736	5,911	SH		SOLE		0	5,911	0
ARUBA NETWORKS INC COM	COM	043176106	4,264	174,095	SH		SOLE		0	166,010	8,085
ARUBA NETWORKS INC COM	COM	043176106	2	100	SH		DFND		0	100	0
ASSOCIATED BANCORP	COM	045487105	5,014	269,563	SH		SOLE		0	258,723	10,840
ASSOCIATED BANCORP	COM	045487105	26	1,400	SH		DFND		0	1,400	0
AT&T INC COM	COM	00206R102	518	15,860	SH		SOLE		0	14,585	1,275
BANK OF AMERICA	COM	060505104	9,536	619,615	SH		SOLE		0	592,605	27,010
BANK OF AMERICA	COM	060505104	100	6,495	SH		DFND		0	6,495	0
BAXTER INTERNATIONAL INC	COM	071813109	4,013	58,585	SH		SOLE		0	54,855	3,730
BAXTER INTERNATIONAL INC	COM	071813109	24	350	SH		DFND		0	350	0
BED BATH & BEYOND INC COM	COM	075896100	5,326	69,373	SH		SOLE		0	67,233	2,140
BED BATH & BEYOND INC COM	COM	075896100	55	720	SH		DFND		0	720	0
BOEING CO	COM	097023105	4,946	32,958	SH		SOLE		0	32,758	200
BROADCOM CORP CL A	COM	111320107	5,670	130,956	SH		SOLE		0	127,761	3,195
BROADCOM CORP CL A	COM	111320107	47	1,090	SH		DFND		0	1,090	0
BRUNSWICK CORP COM	COM	117043109	4,268	82,945	SH		SOLE		0	79,375	3,570
BRUNSWICK CORP COM	COM	117043109	46	900	SH		DFND		0	900	0
CAMERON INTL CORP COM	COM	13342B105	303	6,725	SH		SOLE		0	6,725	0
CAVIUM INC COM	COM	14964U108	460	6,500	SH		SOLE		0	6,500	0
CBS CORP NEW CL B	COM	124857202	906	14,950	SH		SOLE		0	13,150	1,800
CELGENE CORP COM	COM	151020104	5,628	48,817	SH		SOLE		0	47,542	1,275
CELGENE CORP COM	COM	151020104	46	400	SH		DFND		0	400	0
CHEVRON CORP NEW COM	COM	166764100	7,619	72,577	SH		SOLE		0	69,282	3,295
CHEVRON CORP NEW COM	COM	166764100	41	395	SH		DFND		0	395	0
CHICOS FAS INC COM	COM	168615102	349	19,725	SH		SOLE		0	19,725	0
CINCINNATI FINANCIAL CORP	COM	172062101	464	8,706	SH		SOLE		0	8,706	0
CISCO SYSTEMS INC	COM	17275R102	8,845	321,342	SH		SOLE		0	308,887	12,455
CISCO SYSTEMS INC	COM	17275R102	67	2,450	SH		DFND		0	2,450	0
CIT GROUP INC COM NEW	COM	125581801	6,563	145,461	SH		SOLE		0	139,611	5,850
CIT GROUP INC COM NEW	COM	125581801	44	975	SH		DFND		0	975	0
CITIGROUP INC COM NEW	COM	172967424	8,169	158,559	SH		SOLE		0	151,464	7,095
CITIGROUP INC COM NEW	COM	172967424	87	1,695	SH		DFND		0	1,695	0
COACH INC COM	COM	189754104	467	11,269	SH		SOLE		0	11,269	0
COCA COLA CO	COM	191216100	2,409	59,396	SH		SOLE		0	56,396	3,000
COCA COLA CO	COM	191216100	32	800	SH		DFND		0	800	0
COGNEX CORP COM	COM	192422103	347	7,000	SH		SOLE		0	7,000	0
COLGATE PALMOLIVE CO	COM	194162103	704	10,150	SH		SOLE		0	8,950	1,200
CORNING INC	COM	219350105	4,321	190,537	SH		SOLE		0	183,697	6,840
CORNING INC	COM	219350105	30	1,320	SH		DFND		0	1,320	0
CVS HEALTH CORP COM	COM	126650100	4,827	46,765	SH		SOLE		0	45,710	1,055
CVS HEALTH CORP COM	COM	126650100	36	350	SH		DFND		0	350	0
D R HORTON INC COM	COM	23331A109	1,655	58,115	SH		SOLE		0	58,115	0
DARDEN RESTAURANTS INC.	COM	237194105	789	11,380	SH		SOLE		0	11,380	0
DARDEN RESTAURANTS INC.	COM	237194105	45	650	SH		DFND		0	650	0
DEVON ENERGY CORP NEW	COM	25179M103	3,931	65,175	SH		SOLE		0	63,520	1,655
DEVON ENERGY CORP NEW	COM	25179M103	33	550	SH		DFND		0	550	0
DISCOVER FINL SVCS COM	COM	254709108	3,620	64,250	SH		SOLE		0	61,955	2,295
DISCOVER FINL SVCS COM	COM	254709108	32	575	SH		DFND		0	575	0
DISNEY WALT PRODTNS	COM	254687106	5,823	55,515	SH		SOLE		0	53,545	1,970
DISNEY WALT PRODTNS	COM	254687106	65	615	SH		DFND		0	615	0
DU PONT E I DE NEMOURS CO	COM	263534109	326	4,568	SH		SOLE		0	3,868	700
EATON VANCE CORP COM NON VTG	COM	278265103	532	12,780	SH		SOLE		0	12,780	0
EBAY INC COM	COM	278642103	4,161	72,146	SH		SOLE		0	67,006	5,140
EBAY INC COM	COM	278642103	50	860	SH		DFND		0	860	0
ECOLAB INC COM	COM	278865100	536	4,686	SH		SOLE		0	4,686	0
ELECTRONIC ARTS INC COM	COM	285512109	245	4,160	SH		SOLE		0	4,160	0
ELECTRONIC ARTS INC COM	COM	285512109	35	601	SH		DFND		0	601	0
EMC CORP/MASS	COM	268648102	3,705	144,958	SH		SOLE		0	140,053	4,905
EMC CORP/MASS	COM	268648102	28	1,100	SH		DFND		0	1,100	0
EMERSON ELEC CO	COM	291011104	3,925	69,330	SH		SOLE		0	66,960	2,370
EMERSON ELEC CO	COM	291011104	20	350	SH		DFND		0	350	0
EOG RES INC COM	COM	26875P101	5,043	55,002	SH		SOLE		0	52,242	2,760
EOG RES INC COM	COM	26875P101	34	375	SH		DFND		0	375	0
EXACT SCIENCES CORP COM	COM	30063P105	6,402	290,736	SH		SOLE		0	282,001	8,735
EXACT SCIENCES CORP COM	COM	30063P105	45	2,030	SH		DFND		0	2,030	0
EXPEDITORS INTL WASH COM	COM	302130109	573	11,900	SH		SOLE		0	11,900	0
EXPRESS SCRIPTS HLDG COM	COM	30219G108	9,070	104,527	SH		SOLE		0	100,090	4,437
EXPRESS SCRIPTS HLDG COM	COM	30219G108	72	835	SH		DFND		0	835	0
EXXON MOBIL CORPORATION	COM	30231G102	24,240	285,178	SH		SOLE		0	267,533	17,645
EXXON MOBIL CORPORATION	COM	30231G102	175	2,056	SH		DFND		0	2,056	0
FEDEX CORP COM	COM	31428X106	4,271	25,815	SH		SOLE		0	24,815	1,000
FEDEX CORP COM	COM	31428X106	31	190	SH		DFND		0	190	0
FIDELITY NATL INFO SVC COM	COM	31620M106	629	9,249	SH		SOLE		0	9,249	0
FIDELITY NATL INFO SVC COM	COM	31620M106	600	8,813	SH		DFND		0	8,813	0
FIRST HORIZON NATL CP COM	COM	320517105	2,340	163,755	SH		SOLE		0	163,755	0
FISERV INC	COM	337738108	714	8,990	SH		SOLE		0	8,990	0
FLAGSTAR BANCORP INC COM PAR .	COM	337930705	436	30,050	SH		SOLE		0	30,050	0
FLUIDIGM CORP DEL COM	COM	34385P108	303	7,200	SH		SOLE		0	7,200	0
FMC TECHNOLOGIES INC COM	COM	30249U101	297	8,015	SH		SOLE		0	8,015	0
FREEPORT-MCMORAN INC	COM	35671D857	4,057	214,103	SH		SOLE		0	204,443	9,660
FREEPORT-MCMORAN INC	COM	35671D857	12	650	SH		DFND		0	650	0
FRESH MKT INC COM	COM	35804H106	3,868	95,167	SH		SOLE		0	90,152	5,015
FRESH MKT INC COM	COM	35804H106	45	1,105	SH		DFND		0	1,105	0
FX ENERGY INC COM	COM	302695101	69	54,900	SH		SOLE		0	54,900	0
GENERAL ELEC CO	COM	369604103	13,827	557,310	SH		SOLE		0	518,605	38,705
GENERAL ELEC CO	COM	369604103	110	4,450	SH		DFND		0	4,450	0
GOOGLE INC CL A	COM	38259P508	8,070	14,549	SH		SOLE		0	14,027	522
GOOGLE INC CL A	COM	38259P508	35	63	SH		DFND		0	63	0
GOOGLE INC CL C	COM	38259P706	306	558	SH		SOLE		0	489	69
GRAINGER W W INC	COM	384802104	422	1,788	SH		SOLE		0	1,338	450
HANESBRANDS INC COM	COM	410345102	1,637	48,860	SH		SOLE		0	48,860	0
HANGER INC COM NEW	COM	41043F208	4,841	213,334	SH		SOLE		0	204,789	8,545
HANGER INC COM NEW	COM	41043F208	24	1,050	SH		DFND		0	1,050	0
HARLEY DAVIDSON INC COM	COM	412822108	4,140	68,153	SH		SOLE		0	66,188	1,965
HARLEY DAVIDSON INC COM	COM	412822108	22	365	SH		DFND		0	365	0
HELMERICH & PAYNE INC	COM	423452101	1,275	18,730	SH		SOLE		0	18,130	600
HEWLETT PACKARD CO COM	COM	428236103	1,187	38,105	SH		SOLE		0	38,105	0
HOLOGIC INC	COM	436440101	5,317	161,008	SH		SOLE		0	156,083	4,925
HOLOGIC INC	COM	436440101	61	1,840	SH		DFND		0	1,840	0
HONEYWELL INTERNATIONAL INC.	COM	438516106	212	2,035	SH		SOLE		0	2,035	0
ILLINOIS TOOL WORKS INC	COM	452308109	4,339	44,670	SH		SOLE		0	42,580	2,090
ILLINOIS TOOL WORKS INC	COM	452308109	32	325	SH		DFND		0	325	0
INGREDION INC COM	COM	457187102	216	2,775	SH		SOLE		0	2,775	0
INTEL CORP	COM	458140100	4,281	136,891	SH		SOLE		0	129,253	7,638
INTEL CORP	COM	458140100	30	975	SH		DFND		0	975	0
INTERNATIONAL FLAV&FRA COM	COM	459506101	606	5,160	SH		SOLE		0	5,160	0
INVENSENSE INC COM	COM	46123D205	257	16,875	SH		SOLE		0	16,875	0
JARDEN CORP COM	COM	471109108	6,064	114,637	SH		SOLE		0	110,288	4,349
JARDEN CORP COM	COM	471109108	63	1,190	SH		DFND		0	1,190	0
JDS UNIPHASE CORP COM PAR $0.0	COM	46612J507	9,346	712,323	SH		SOLE		0	684,958	27,365
JDS UNIPHASE CORP COM PAR $0.0	COM	46612J507	62	4,725	SH		DFND		0	4,725	0
JOHNSON & JOHNSON	COM	478160104	8,365	83,148	SH		SOLE		0	78,146	5,002
JOHNSON & JOHNSON	COM	478160104	191	1,900	SH		DFND		0	1,900	0
JOHNSON CONTROLS	COM	478366107	5,425	107,563	SH		SOLE		0	104,393	3,170
JOHNSON CONTROLS	COM	478366107	50	985	SH		DFND		0	985	0
JPMORGAN CHASE & CO COM	COM	46625H100	9,076	149,812	SH		SOLE		0	142,934	6,878
JPMORGAN CHASE & CO COM	COM	46625H100	65	1,075	SH		DFND		0	1,075	0
KIMBERLY CLARK CORP	COM	494368103	297	2,770	SH		SOLE		0	2,020	750
KOHLS CORP	COM	500255104	6,049	77,305	SH		SOLE		0	74,525	2,780
KOHLS CORP	COM	500255104	64	815	SH		DFND		0	815	0
LINEAR TECHNOLOGY CORP	COM	535678106	4,473	95,582	SH		SOLE		0	89,517	6,065
LINEAR TECHNOLOGY CORP	COM	535678106	89	1,900	SH		DFND		0	1,900	0
LIQUIDITY SERVICES INC COM	COM	53635B107	448	45,390	SH		SOLE		0	45,390	0
LKQ CORP COM	COM	501889208	4,381	171,385	SH		SOLE		0	165,045	6,340
LKQ CORP COM	COM	501889208	2	90	SH		DFND		0	90	0
LUMBER LIQUIDATORS HLDGS INC C	COM	55003T107	4,067	132,134	SH		SOLE		0	126,904	5,230
LUMBER LIQUIDATORS HLDGS INC C	COM	55003T107	16	515	SH		DFND		0	515	0
MANITOWOC INC	COM	563571108	220	10,213	SH		SOLE		0	10,213	0
MANNKIND CORP COM	COM	56400P201	44	8,535	SH		SOLE		0	0	8,535
MANNKIND CORP COM	COM	56400P201	23	4,500	SH		DFND		0	0	4,500
MASCO CORP COM	COM	574599106	6,243	233,825	SH		SOLE		0	227,445	6,380
MASCO CORP COM	COM	574599106	35	1,300	SH		DFND		0	1,300	0
MASIMO CORP COM	COM	574795100	223	6,750	SH		SOLE		0	6,750	0
MAXIM INTEGRATED PRODUCTS	COM	57772K101	4,904	140,892	SH		SOLE		0	134,047	6,845
MAXIM INTEGRATED PRODUCTS	COM	57772K101	23	650	SH		DFND		0	650	0
MAXWELL TECHNOLOGIES COM	COM	577767106	722	89,544	SH		SOLE		0	87,544	2,000
MCDONALDS CORP	COM	580135101	209	2,140	SH		SOLE		0	1,840	300
MCDONALDS CORP	COM	580135101	19	200	SH		DFND		0	200	0
MCKESSON CORP	COM	58155q103	7,070	31,256	SH		SOLE		0	29,939	1,317
MCKESSON CORP	COM	58155q103	87	385	SH		DFND		0	385	0
MDU RESOURCES GROUP INC	COM	552690109	354	16,600	SH		SOLE		0	15,600	1,000
MEDASSETS INC COM	COM	584045108	549	29,190	SH		SOLE		0	29,190	0
MERCK & CO INC NEW COM	COM	58933Y105	1,216	21,153	SH		SOLE		0	21,153	0
MGE ENERGY INC COM	COM	55277P104	349	7,884	SH		SOLE		0	4,884	3,000
MICROSOFT CORP	COM	594918104	12,473	306,805	SH		SOLE		0	293,810	12,995
MICROSOFT CORP	COM	594918104	129	3,185	SH		DFND		0	3,185	0
MUELLER WTR PRODS INC COM SER	COM	624758108	352	35,700	SH		SOLE		0	35,700	0
MURPHY OIL CORP COM	COM	626717102	284	6,101	SH		SOLE		0	6,101	0
MURPHY OIL CORP COM	COM	626717102	2	40	SH		DFND		0	40	0
NATUS MEDICAL INC DEL COM	COM	639050103	319	8,075	SH		SOLE		0	8,075	0
NOBLE ENRGY INC COM	COM	655044105	4,515	92,326	SH		SOLE		0	89,266	3,060
NOBLE ENRGY INC COM	COM	655044105	17	340	SH		DFND		0	340	0
NORDSTROM INC	COM	655664100	894	11,125	SH		SOLE		0	11,125	0
NORTHERN TRUST CORP	COM	665859104	5,350	76,813	SH		SOLE		0	73,648	3,165
NORTHERN TRUST CORP	COM	665859104	28	400	SH		DFND		0	400	0
ORACLE CORP	COM	68389X105	5,399	125,129	SH		SOLE		0	119,309	5,820
ORACLE CORP	COM	68389X105	46	1,075	SH		DFND		0	1,075	0
PATTERSON COMPANIES COM	COM	703395103	561	11,505	SH		SOLE		0	10,505	1,000
PEPSICO INC	COM	713448108	4,621	48,330	SH		SOLE		0	46,425	1,905
PEPSICO INC	COM	713448108	43	450	SH		DFND		0	450	0
PFIZER INC	COM	717081103	300	8,620	SH		SOLE		0	7,973	647
PNC FINL SVCS GROUP COM	COM	693475105	3,799	40,745	SH		SOLE		0	39,415	1,330
PNC FINL SVCS GROUP COM	COM	693475105	30	325	SH		DFND		0	325	0
PROCTER & GAMBLE COMPANY	COM	742718109	7,685	93,783	SH		SOLE		0	90,878	2,905
PROCTER & GAMBLE COMPANY	COM	742718109	27	325	SH		DFND		0	325	0
QUALCOMM INC	COM	747525103	7,962	114,830	SH		SOLE		0	109,825	5,005
QUALCOMM INC	COM	747525103	87	1,255	SH		DFND		0	1,255	0
REGAL BELOIT CORP COM	COM	758750103	3,593	44,952	SH		SOLE		0	42,407	2,545
REGAL BELOIT CORP COM	COM	758750103	2	25	SH		DFND		0	25	0
REGIONS FINANCIAL CORP COM	COM	7591EP100	209	22,135	SH		SOLE		0	22,135	0
RESMED INC COM	COM	761152107	5,271	73,437	SH		SOLE		0	70,592	2,845
RESMED INC COM	COM	761152107	48	675	SH		DFND		0	675	0
ROCKWELL INTL CORP	COM	773903109	4,854	41,852	SH		SOLE		0	40,842	1,010
ROCKWELL INTL CORP	COM	773903109	26	225	SH		DFND		0	225	0
SCANA CORP	COM	80589M102	279	5,070	SH		SOLE		0	5,070	0
SCHEIN HENRY INC CO	COM	806407102	1,194	8,550	SH		SOLE		0	7,950	600
SEALED AIR CORP	COM	81211K100	2,833	62,181	SH		SOLE		0	58,761	3,420
SEALED AIR CORP	COM	81211K100	33	725	SH		DFND		0	725	0
SILICON GRAPHICS INTL CORP COM	COM	82706L108	198	22,800	SH		SOLE		0	22,800	0
SMUCKER J M CO COM NEW	COM	832696405	438	3,787	SH		SOLE		0	3,787	0
SPX CORP COM	COM	784635104	783	9,225	SH		SOLE		0	9,225	0
STATE STREET CORP	COM	857477103	6,401	87,050	SH		SOLE		0	83,065	3,985
STATE STREET CORP	COM	857477103	46	625	SH		DFND		0	625	0
STILLWATER MNG CO COM	COM	86074Q102	196	15,200	SH		SOLE		0	15,200	0
SUNTRUST BANKS INC	COM	867914103	1,142	27,781	SH		SOLE		0	27,781	0
T ROWE PRICE GROUP INC	COM	74144t108	358	4,425	SH		SOLE		0	4,425	0
TAKE-TWO INTERACTIVE COM	COM	874054109	273	10,735	SH		SOLE		0	10,735	0
TARGET CORP	COM	87612e106	7,093	86,427	SH		SOLE		0	82,507	3,920
TARGET CORP	COM	87612e106	68	830	SH		DFND		0	830	0
THORATEC CORP COM NEW	COM	885175307	335	8,000	SH		SOLE		0	8,000	0
TIME WARNER INC COM NEW	COM	887317303	4,085	48,381	SH		SOLE		0	46,848	1,533
TIME WARNER INC COM NEW	COM	887317303	38	448	SH		DFND		0	448	0
U S BANCORP	COM	902973304	649	14,864	SH		SOLE		0	12,364	2,500
U S G CORP COM NEW	COM	903293405	314	11,775	SH		SOLE		0	11,775	0
UNUM GROUP	COM	91529Y106	390	11,555	SH		SOLE		0	11,555	0
URBAN OUTFITTERS INC COM	COM	917047102	4,311	94,438	SH		SOLE		0	88,958	5,480
URBAN OUTFITTERS INC COM	COM	917047102	34	750	SH		DFND		0	750	0
VERIZON COMMUNICATIONS	COM	92343V104	1,384	28,463	SH		SOLE		0	27,007	1,456
VERIZON COMMUNICATIONS	COM	92343V104	16	336	SH		DFND		0	336	0
VIACOM INC NEW CL B	COM	92553P201	6,746	98,774	SH		SOLE		0	94,821	3,953
VIACOM INC NEW CL B	COM	92553P201	47	690	SH		DFND		0	690	0
VISA INC COM CL A	COM	92826C839	4,209	64,342	SH		SOLE		0	61,522	2,820
VISA INC COM CL A	COM	92826C839	31	480	SH		DFND		0	480	0
WAL MART STORES INC	COM	931142103	4,520	54,958	SH		SOLE		0	53,153	1,805
WAL MART STORES INC	COM	931142103	27	330	SH		DFND		0	330	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	11,816	139,539	SH		SOLE		0	133,009	6,530
WALGREENS BOOTS ALLIANCE INC	COM	931427108	65	765	SH		DFND		0	765	0
WELLS FARGO NEW	COM	949746101	435	7,988	SH		SOLE		0	7,388	600
WELLS FARGO NEW	COM	949746101	109	2,000	SH		DFND		0	2,000	0
ZIMMER HLDGS INC	COM	98956P102	3,936	33,495	SH		SOLE		0	31,865	1,630
ZIMMER HLDGS INC	COM	98956P102	26	225	SH		DFND		0	225	0
ZIONS BANCORPORATION COM	COM	989701107	3,493	129,369	SH		SOLE		0	124,774	4,595
ZIONS BANCORPORATION COM	COM	989701107	27	1,005	SH		DFND		0	1,005	0
ANNALY MTG MGMT INC COM	COM	035710409	452	43,450	SH		SOLE		0	43,450	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	1,039	73,540	SH		SOLE		0	73,540	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	43	3,050	SH		DFND		0	3,050	0
HOST HOTELS&RESORTS COM	COM	44107P104	908	44,985	SH		SOLE		0	43,985	1,000
LASALLE HOTEL PPTYS COM SH BEN	COM	517942108	370	9,520	SH		SOLE		0	9,520	0
HOSPITALITY PPTYS TR	CONV	44106mak8	7,304	7,309,000	PRN		SOLE		0	7,309,000	0
SCHWAB STRATEGIC TR EMRG MKTEQ	COM	808524706	1,184	48,611	SH		SOLE		0	44,821	3,790
SCHWAB STRATEGIC TR INTL EQTY	COM	808524805	1,052	34,813	SH		SOLE		0	32,163	2,650