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
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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
ABB LTD SPONSORED ADR	ADR	000375204	428	24,807	SH		SOLE		0	23,407	1,400
AON PLC SHS CL A	ADR	G0408V102	330	2,000	SH		SOLE		0	2,000	0
BAUSCH HEALTH COS INC COM	ADR	071734107	304	19,625	SH		SOLE		0	19,625	0
CAMECO CORP COM	ADR	13321L108	116	15,200	SH		SOLE		0	15,200	0
COLLIERS INTL GROUP INC SUB VT	ADR	194693107	879	18,300	SH		SOLE		0	18,300	0
ICICI BK LTD ADR	ADR	45104G104	101	11,840	SH		SOLE		0	11,840	0
INFINEON TECHNOLOGIES AG SPONS	ADR	45662N103	4,492	309,806	SH		SOLE		0	301,496	8,310
JAZZ PHARMACEUTICALS PLC SHS U	ADR	G50871105	556	5,570	SH		SOLE		0	5,570	0
LUNDIN MINING CORP COM	ADR	550372106	73	19,350	SH		SOLE		0	19,350	0
MARVELL TECH GROUP LTD ORD	ADR	G5876H105	412	18,204	SH		SOLE		0	18,204	0
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	5,159	62,206	SH		SOLE		0	60,486	1,720
SCHLUMBERGER	ADR	806857108	1,106	82,022	SH		SOLE		0	80,257	1,765
TRANE TECHNOLOGIES PLC SHS	ADR	G8994E103	270	3,275	SH		SOLE		0	3,275	0
3M CO COM	COM	88579Y101	1,257	9,207	SH		SOLE		0	9,207	0
ABBOTT LABS	COM	002824100	806	10,220	SH		SOLE		0	10,220	0
ABBVIE INC. COM	COM	00287Y109	4,588	60,220	SH		SOLE		0	58,630	1,590
ACADIA HEALTHCARE COMPANY INC	COM	00404A109	306	16,660	SH		SOLE		0	16,660	0
ACCELERATE DIAGNOSTICS INC COM	COM	00430H102	441	52,900	SH		SOLE		0	52,900	0
ADOBE INC	COM	00724F101	675	2,120	SH		SOLE		0	2,120	0
AERIE PHARMACEUTICALS INC COM	COM	00771V108	329	24,405	SH		SOLE		0	24,405	0
ALLIANCE DATA SYS CORP COM	COM	018581108	4,800	142,640	SH		SOLE		0	140,885	1,755
ALPHABET INC CAP STK CL A	COM	02079K305	12,013	10,339	SH		SOLE		0	10,148	191
ALPHABET INC CAP STK CL C	COM	02079K107	272	234	SH		SOLE		0	234	0
AMAZON COM INC CO	COM	023135106	374	192	SH		SOLE		0	192	0
AMERICAN EXPRESS CO	COM	025816109	744	8,685	SH		SOLE		0	8,685	0
AMGEN INC	COM	031162100	3,969	19,576	SH		SOLE		0	19,186	390
APPLE INC COM	COM	037833100	3,559	13,994	SH		SOLE		0	13,777	217
ASSOCIATED BANCORP	COM	045487105	2,070	161,840	SH		SOLE		0	158,940	2,900
AT&T INC COM	COM	00206R102	360	12,340	SH		SOLE		0	12,340	0
BANK FIRST CORPORATION	COM	06211J100	398	7,101	SH		SOLE		0	7,101	0
BANK OF AMERICA	COM	060505104	7,288	343,267	SH		SOLE		0	334,157	9,110
BED BATH & BEYOND INC COM	COM	075896100	1,580	375,193	SH		SOLE		0	368,838	6,355
BERRY GLOBAL GROUP INC COM	COM	08579W103	363	10,770	SH		SOLE		0	10,770	0
BLACK KNIGHT INC COM	COM	09215C105	823	14,177	SH		SOLE		0	13,637	540
BOEING CO	COM	097023105	3,056	20,490	SH		SOLE		0	20,490	0
BRISTOL MYERS SQUIBB CO	COM	110122108	6,171	110,710	SH		SOLE		0	108,740	1,970
CHEVRON CORP NEW COM	COM	166764100	2,606	35,959	SH		SOLE		0	34,979	980
CIGNA CORP NEW COM	COM	125523100	3,877	21,882	SH		SOLE		0	21,500	382
CISCO SYSTEMS INC	COM	17275R102	5,863	149,159	SH		SOLE		0	146,449	2,710
CITIGROUP INC COM NEW	COM	172967424	5,790	137,462	SH		SOLE		0	134,107	3,355
CITIZENS FINANCIAL GROUP INC C	COM	174610105	2,472	131,415	SH		SOLE		0	127,435	3,980
COCA COLA CO	COM	191216100	1,598	36,104	SH		SOLE		0	36,104	0
COGNEX CORP COM	COM	192422103	422	10,000	SH		SOLE		0	10,000	0
COLGATE PALMOLIVE CO	COM	194162103	336	5,070	SH		SOLE		0	5,070	0
CORNING INC	COM	219350105	3,363	163,746	SH		SOLE		0	159,696	4,050
COSTCO WHOLESALE CORP	COM	22160K105	313	1,098	SH		SOLE		0	1,098	0
CPI CARD GROUP INC COM	COM	12634H200	101	150,397	SH		SOLE		0	150,397	0
CPI CARD GROUP INC COM	COM	12634H200	1	913	SH		DFND		0	913	0
CROWN HOLDINGS INC COM	COM	228368106	2,775	47,810	SH		SOLE		0	46,680	1,130
CVS HEALTH CORP COM	COM	126650100	5,851	98,625	SH		SOLE		0	96,965	1,660
DARDEN RESTAURANTS INC.	COM	237194105	2,319	42,579	SH		SOLE		0	41,664	915
DEVON ENERGY CORP NEW	COM	25179M103	718	103,904	SH		SOLE		0	101,734	2,170
DISCOVER FINL SVCS COM	COM	254709108	2,463	69,047	SH		SOLE		0	68,057	990
DISCOVERY COMMUN NEW COM SER A	COM	25470F104	949	48,800	SH		SOLE		0	48,800	0
DISNEY WALT PRODTNS	COM	254687106	3,711	38,417	SH		SOLE		0	37,482	935
DULUTH HLDGS INC COM CL B	COM	26443V101	292	72,725	SH		SOLE		0	72,725	0
EATON VANCE CORP COM NON VTG	COM	278265103	485	15,054	SH		SOLE		0	15,054	0
EBAY INC COM	COM	278642103	5,417	180,198	SH		SOLE		0	176,283	3,915
EOG RES INC COM	COM	26875P101	354	9,851	SH		SOLE		0	9,851	0
EXACT SCIENCES CORP COM	COM	30063P105	9,411	162,263	SH		SOLE		0	159,168	3,095
EXTENDED STAY AMER INC SHS 1 C	COM	30224P200	265	36,262	SH		SOLE		0	34,187	2,075
EXXON MOBIL CORP COM	COM	30231G102	7,433	195,755	SH		SOLE		0	192,995	2,760
FACEBOOK INC CL A	COM	30303M102	4,794	28,744	SH		SOLE		0	28,069	675
FARMERS & MERCHANTS BK COM	COM	308243104	666	111	SH		SOLE		0	0	111
FEDEX CORP COM	COM	31428X106	4,165	34,350	SH		SOLE		0	33,560	790
FIDELITY NATIONAL FINANCIAL IN	COM	31620R303	2,711	108,967	SH		SOLE		0	106,577	2,390
FIRST HORIZON NATL CP COM	COM	320517105	617	76,611	SH		SOLE		0	76,611	0
FISERV INC	COM	337738108	3,918	41,246	SH		SOLE		0	40,209	1,037
FLAGSTAR BANCORP INC COM PAR .	COM	337930705	288	14,510	SH		SOLE		0	14,510	0
FREEPORT-MCMORAN INC	COM	35671D857	3,047	451,420	SH		SOLE		0	442,595	8,825
GENERAL ELEC CO	COM	369604103	8,042	1,012,832	SH		SOLE		0	987,977	24,855
GOLDMAN SACHS GROUP INC	COM	38141G104	943	6,101	SH		SOLE		0	6,101	0
HANESBRANDS INC COM	COM	410345102	256	32,555	SH		SOLE		0	32,555	0
HANGER INC COM NEW	COM	41043F208	2,633	169,012	SH		SOLE		0	163,747	5,265
HARLEY DAVIDSON INC COM	COM	412822108	275	14,540	SH		SOLE		0	14,540	0
HCA HEALTHCARE INC COM	COM	40412C101	905	10,075	SH		SOLE		0	10,075	0
HD SUPPLY HLDGS INC COM	COM	40416M105	3,134	110,237	SH		SOLE		0	108,012	2,225
HILLENBRAND INC COM	COM	431571108	326	17,050	SH		SOLE		0	17,050	0
HONEYWELL INTERNATIONAL INC.	COM	438516106	242	1,810	SH		SOLE		0	1,810	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	155	225,325	SH		SOLE		0	225,325	0
II VI INC COM	COM	902104108	5,399	189,441	SH		SOLE		0	185,456	3,985
INTEL CORP	COM	458140100	1,130	20,870	SH		SOLE		0	20,245	625
JOHNSON & JOHNSON	COM	478160104	7,146	54,493	SH		SOLE		0	53,493	1,000
JPMORGAN CHASE & CO COM	COM	46625H100	7,526	83,594	SH		SOLE		0	81,389	2,205
KIMBERLY CLARK CORP	COM	494368103	1,145	8,958	SH		SOLE		0	8,958	0
KRAFT HEINZ CO COM	COM	500754106	4,550	183,893	SH		SOLE		0	179,843	4,050
LAMB WESTON HLDGS INC COM	COM	513272104	1,868	32,718	SH		SOLE		0	31,798	920
LKQ CORP COM	COM	501889208	5,054	246,427	SH		SOLE		0	242,397	4,030
LOWES COS INC CO	COM	548661107	1,653	19,208	SH		SOLE		0	18,393	815
LUMBER LIQUIDATORS HLDGS INC C	COM	55003T107	1,069	227,896	SH		SOLE		0	226,824	1,072
LUMENTUM HLDGS INC COM	COM	55024U109	1,538	20,872	SH		SOLE		0	20,872	0
MASCO CORP COM	COM	574599106	506	14,645	SH		SOLE		0	14,645	0
MASTEC INC COM	COM	576323109	273	8,355	SH		SOLE		0	8,355	0
MAXIM INTEGRATED PRODUCTS	COM	57772K101	493	10,132	SH		SOLE		0	10,132	0
MCKESSON CORP	COM	58155q103	4,685	34,638	SH		SOLE		0	34,163	475
MDU RESOURCES GROUP INC	COM	552690109	228	10,600	SH		SOLE		0	10,600	0
MERCK & CO INC NEW COM	COM	58933Y105	2,304	29,944	SH		SOLE		0	29,944	0
MGE ENERGY INC COM	COM	55277P104	438	6,687	SH		SOLE		0	6,687	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	4,603	171,169	SH		SOLE		0	167,379	3,790
MICROSOFT CORP	COM	594918104	15,389	97,577	SH		SOLE		0	92,487	5,090
MIMEDX GROUP INC COM	COM	602496101	1,104	316,289	SH		SOLE		0	303,959	12,330
MOBILE MINI INC COM	COM	60740F105	344	13,115	SH		SOLE		0	13,115	0
MOLSON COORS BEVERAGE CO	COM	60871R209	1,952	50,026	SH		SOLE		0	49,201	825
MUELLER WTR PRODS INC COM SER	COM	624758108	255	31,825	SH		SOLE		0	31,825	0
NEWELL BRANDS INC.	COM	651229106	2,880	216,845	SH		SOLE		0	212,067	4,778
NMI HLDGS INC CL A	COM	629209305	161	13,845	SH		SOLE		0	13,845	0
NOBLE ENRGY INC COM	COM	655044105	723	119,647	SH		SOLE		0	117,387	2,260
NORTHERN TRUST CORP	COM	665859104	4,658	61,725	SH		SOLE		0	60,900	825
ORACLE CORP	COM	68389X105	4,868	100,722	SH		SOLE		0	98,667	2,055
PARSLEY ENERGY INC CL A	COM	701877102	76	13,180	SH		SOLE		0	13,180	0
PARTY CITY HOLDCO INC COM	COM	702149105	1,136	2,478,510	SH		SOLE		0	2,439,970	38,540
PARTY CITY HOLDCO INC COM	COM	702149105	1	2,672	SH		DFND		0	2,672	0
PAYPAL HLDGS INC COM	COM	70450Y103	3,756	39,231	SH		SOLE		0	38,376	855
PEPSICO INC	COM	713448108	3,159	26,302	SH		SOLE		0	25,235	1,067
PERFORMANCE FOOD GROUP CO COM	COM	71377A103	1,816	73,455	SH		SOLE		0	71,520	1,935
PFIZER INC	COM	717081103	2,350	71,984	SH		SOLE		0	71,272	712
PIONEER NAT RES CO COM	COM	723787107	895	12,755	SH		SOLE		0	12,755	0
PNC FINL SVCS GROUP COM	COM	693475105	2,631	27,483	SH		SOLE		0	26,943	540
PREMIER INC CL A	COM	74051N102	472	14,430	SH		SOLE		0	14,430	0
PROCTER & GAMBLE COMPANY	COM	742718109	5,959	54,175	SH		SOLE		0	53,550	625
PURE STORAGE INC CL A	COM	74624M102	302	24,575	SH		SOLE		0	24,575	0
QUALCOMM INC	COM	747525103	7,670	113,384	SH		SOLE		0	110,619	2,765
REGAL BELOIT CORP COM	COM	758750103	2,210	35,113	SH		SOLE		0	33,838	1,275
REGIONS FINANCIAL CORP COM	COM	7591EP100	147	16,335	SH		SOLE		0	16,335	0
RESMED INC COM	COM	761152107	604	4,100	SH		SOLE		0	4,100	0
REV GROUP INC COM	COM	749527107	146	34,995	SH		SOLE		0	34,995	0
SCHEIN HENRY INC CO	COM	806407102	636	12,580	SH		SOLE		0	12,580	0
SCHWAB (CHARLES) CORP	COM	808513105	1,362	40,500	SH		SOLE		0	40,500	0
SEALED AIR CORP	COM	81211K100	1,416	57,306	SH		SOLE		0	55,801	1,505
SKECHERS U S A INC CL A	COM	830566105	3,142	132,361	SH		SOLE		0	128,221	4,140
SMITH A O COM	COM	831865209	2,431	64,287	SH		SOLE		0	61,917	2,370
SMUCKER J M CO COM NEW	COM	832696405	700	6,308	SH		SOLE		0	6,058	250
SOUTHERN CO COM	COM	842587107	237	4,381	SH		SOLE		0	4,381	0
SPX FLOW INC COM	COM	78469X107	393	13,845	SH		SOLE		0	13,845	0
SS&C TECHNOLOGIES HLDGS INC CO	COM	78467J100	2,050	46,780	SH		SOLE		0	45,570	1,210
STARBUCKS CORP CO	COM	855244109	802	12,204	SH		SOLE		0	12,204	0
STATE STREET CORP	COM	857477103	5,439	102,098	SH		SOLE		0	100,723	1,375
SYSCO CORPORATION	COM	871829107	591	12,941	SH		SOLE		0	12,911	30
T ROWE PRICE GROUP INC	COM	74144t108	264	2,700	SH		SOLE		0	2,700	0
TAKE-TWO INTERACTIVE COM	COM	874054109	255	2,150	SH		SOLE		0	2,150	0
TARGET CORP	COM	87612e106	3,959	42,579	SH		SOLE		0	41,689	890
TIVITY HEALTH INC COM	COM	88870R102	391	62,165	SH		SOLE		0	62,165	0
TOPBUILD CORP COM	COM	89055F103	1,205	16,820	SH		SOLE		0	16,270	550
TRUIST FINANCIAL CORP	COM	89832q109	800	25,953	SH		SOLE		0	25,953	0
U S BANCORP	COM	902973304	252	7,322	SH		SOLE		0	7,322	0
UNITEDHEALTH GROUP INC	COM	91324P102	2,354	9,441	SH		SOLE		0	9,441	0
URBAN OUTFITTERS INC COM	COM	917047102	1,459	102,438	SH		SOLE		0	99,338	3,100
VIACOMCBS	COM	92556H206	4,169	297,571	SH		SOLE		0	292,514	5,057
VIAVI SOLUTIONS INC COM	COM	925550105	3,302	294,521	SH		SOLE		0	287,331	7,190
VISA INC COM CL A	COM	92826C839	3,510	21,788	SH		SOLE		0	21,373	415
WABTEC CORP COM	COM	929740108	2,906	60,372	SH		SOLE		0	58,710	1,662
WALGREENS BOOTS ALLIANCE INC	COM	931427108	7,529	164,560	SH		SOLE		0	160,600	3,960
WELLS FARGO NEW	COM	949746101	2,694	93,857	SH		SOLE		0	91,397	2,460
XCEL ENERGY INC	COM	98389B100	211	3,499	SH		SOLE		0	3,499	0
ZIONS BANCORPORATION NA	COM	989701107	2,506	93,649	SH		SOLE		0	92,114	1,535
ENTERPRISE PRODS PARTN COM	COM	293792107	167	11,706	SH		SOLE		0	10,701	1,005
ANNALY MTG MGMT INC COM	COM	035710409	51	10,015	SH		SOLE		0	10,015	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	507	99,865	SH		SOLE		0	99,865	0
HOST HOTELS&RESORTS COM	COM	44107P104	330	29,915	SH		SOLE		0	29,915	0
KIMCO RLTY CORP COM	COM	49446R109	1,623	167,879	SH		SOLE		0	162,439	5,440
SIMON PPTY GROUP INC NEW COM	COM	828806109	2,177	39,678	SH		SOLE		0	39,168	510
BRISTOL MYERS SQUIBB CO CONTNG	RIGHT	110122157	325	85,477	SH		SOLE		0	83,687	1,790
COLONY CAP INC	CONV	19624raa4	15,755	19,225,000	PRN		SOLE		0	19,225,000	0
GREENBRIER COS INC	CONV	393657ak7	2,683	3,519,000	PRN		SOLE		0	3,519,000	0
HOPE BANCORP INC	CONV	43940tab5	18,985	22,750,000	PRN		SOLE		0	22,750,000	0
PENNYMAC CORP	CONV	70932aab9	26,050	27,100,000	PRN		SOLE		0	27,100,000	0
TWO HBRS INVT CORP	CONV	90187baa9	27,527	33,570,000	PRN		SOLE		0	33,570,000	0
SCHWAB STRATEGIC TR EMRG MKTEQ	COM	808524706	1,015	49,054	SH		SOLE		0	48,125	929
SCHWAB STRATEGIC TR INTL EQTY	COM	808524805	975	37,716	SH		SOLE		0	37,716	0
ISHARES S&P MIDCAP 400 VALUE E	COM	464287705	442	4,023	SH		SOLE		0	4,023	0
ISHARES S&P SMLCP 600 VALUE ET	COM	464287879	280	2,797	SH		SOLE		0	2,797	0
ISHARES TR S&P500/BAR VAL	COM	464287408	549	5,702	SH		SOLE		0	5,702	0
SCHWAB STRATEGIC TR US LCAP VA	COM	808524409	226	5,113	SH		SOLE		0	3,264	1,849
VANGUARD SCOTTSDALE FDS SHRT T	COM	92206C409	701	8,859	SH		SOLE		0	6,404	2,455