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

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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	407	18,050	SH		SOLE		0	18,050	0
AON PLC SHS CL A	ADR	G0403H108	385	2,000	SH		SOLE		0	2,000	0
BANK OF MONTREAL	ADR	063671101	200	3,778	SH		SOLE		0	3,778	0
BAUSCH HEALTH COS INC COM	ADR	071734107	2,229	121,875	SH		SOLE		0	119,625	2,250
CAMECO CORP COM	ADR	13321L108	156	15,200	SH		SOLE		0	15,200	0
COLLIERS INTL GROUP INC SUB VT	ADR	194693107	1,049	18,300	SH		SOLE		0	18,300	0
FIRSTSERVICE CORP NEW COM	ADR	33767E202	294	2,915	SH		SOLE		0	2,915	0
ICICI BK LTD ADR	ADR	45104G104	110	11,840	SH		SOLE		0	11,840	0
INFINEON TECHNOLOGIES AG SPONS	ADR	45662N103	7,008	298,086	SH		SOLE		0	291,396	6,690
JAZZ PHARMACEUTICALS PLC SHS U	ADR	G50871105	615	5,570	SH		SOLE		0	5,570	0
KORNIT DIGITAL LTD SHS	ADR	M6372Q113	436	8,165	SH		SOLE		0	8,165	0
LUNDIN MINING CORP COM	ADR	550372106	104	19,350	SH		SOLE		0	19,350	0
MARVELL TECH GROUP LTD ORD	ADR	G5876H105	638	18,204	SH		SOLE		0	18,204	0
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	6,447	56,534	SH		SOLE		0	55,159	1,375
SCHLUMBERGER	ADR	806857108	1,615	87,844	SH		SOLE		0	86,319	1,525
TRANE TECHNOLOGIES PLC SHS	ADR	G8994E103	327	3,675	SH		SOLE		0	3,675	0
3M CO COM	COM	88579Y101	1,446	9,270	SH		SOLE		0	9,270	0
ABBOTT LABS	COM	002824100	934	10,220	SH		SOLE		0	10,220	0
ABBVIE INC. COM	COM	00287Y109	5,722	58,277	SH		SOLE		0	56,962	1,315
ACADIA HEALTHCARE COMPANY INC	COM	00404A109	418	16,660	SH		SOLE		0	16,660	0
ACCELERATE DIAGNOSTICS INC COM	COM	00430H102	802	52,900	SH		SOLE		0	52,900	0
ADOBE INC	COM	00724F101	923	2,120	SH		SOLE		0	2,120	0
AERIE PHARMACEUTICALS INC COM	COM	00771V108	360	24,405	SH		SOLE		0	24,405	0
ALLIANCE DATA SYS CORP COM	COM	018581108	7,626	169,016	SH		SOLE		0	166,876	2,140
ALPHABET INC CAP STK CL A	COM	02079K305	13,844	9,763	SH		SOLE		0	9,633	130
ALPHABET INC CAP STK CL C	COM	02079K107	324	229	SH		SOLE		0	229	0
AMAZON COM INC CO	COM	023135106	588	213	SH		SOLE		0	213	0
AMERICAN EXPRESS CO	COM	025816109	827	8,685	SH		SOLE		0	8,685	0
AMERIPRISE FINL INC COM	COM	03076C106	210	1,402	SH		SOLE		0	1,402	0
AMGEN INC	COM	031162100	4,291	18,192	SH		SOLE		0	17,962	230
AMN HEALTHCARE SVCS INC COM	COM	001744101	369	8,150	SH		SOLE		0	8,150	0
APPLE INC COM	COM	037833100	5,106	13,997	SH		SOLE		0	13,780	217
ASSOCIATED BANCORP	COM	045487105	2,292	167,550	SH		SOLE		0	165,475	2,075
AT&T INC COM	COM	00206R102	348	11,518	SH		SOLE		0	11,518	0
BANK FIRST CORPORATION	COM	06211J100	455	7,101	SH		SOLE		0	7,101	0
BANK OF AMERICA	COM	060505104	8,217	345,964	SH		SOLE		0	338,539	7,425
BED BATH & BEYOND INC COM	COM	075896100	3,780	356,570	SH		SOLE		0	352,060	4,510
BERRY GLOBAL GROUP INC COM	COM	08579W103	477	10,770	SH		SOLE		0	10,770	0
BLACK KNIGHT INC COM	COM	09215C105	1,000	13,778	SH		SOLE		0	13,375	403
BOEING CO	COM	097023105	3,756	20,490	SH		SOLE		0	20,490	0
BRISTOL MYERS SQUIBB CO	COM	110122108	6,236	106,054	SH		SOLE		0	104,644	1,410
CHEVRON CORP NEW COM	COM	166764100	3,156	35,367	SH		SOLE		0	34,547	820
CIGNA CORP NEW COM	COM	125523100	3,985	21,235	SH		SOLE		0	20,918	317
CISCO SYSTEMS INC	COM	17275R102	6,878	147,470	SH		SOLE		0	145,345	2,125
CITIGROUP INC COM NEW	COM	172967424	7,080	138,556	SH		SOLE		0	135,786	2,770
CITIZENS FINANCIAL GROUP INC C	COM	174610105	3,438	136,230	SH		SOLE		0	133,105	3,125
COCA COLA CO	COM	191216100	1,632	36,516	SH		SOLE		0	36,516	0
COGNEX CORP COM	COM	192422103	597	10,000	SH		SOLE		0	10,000	0
COLGATE PALMOLIVE CO	COM	194162103	371	5,070	SH		SOLE		0	5,070	0
CORNING INC	COM	219350105	4,120	159,077	SH		SOLE		0	155,797	3,280
COSTCO WHOLESALE CORP	COM	22160K105	359	1,183	SH		SOLE		0	1,183	0
CPI CARD GROUP INC COM	COM	12634H200	436	150,397	SH		SOLE		0	150,397	0
CPI CARD GROUP INC COM	COM	12634H200	3	913	SH		DFND		0	913	0
CROWN HOLDINGS INC COM	COM	228368106	2,880	44,217	SH		SOLE		0	43,467	750
CVS HEALTH CORP COM	COM	126650100	6,138	94,471	SH		SOLE		0	93,356	1,115
DARDEN RESTAURANTS INC.	COM	237194105	3,883	51,250	SH		SOLE		0	50,280	970
DEVON ENERGY CORP NEW	COM	25179M103	1,100	96,960	SH		SOLE		0	95,040	1,920
DISCOVER FINL SVCS COM	COM	254709108	3,598	71,823	SH		SOLE		0	71,178	645
DISCOVERY COMMUN NEW COM SER A	COM	25470F104	2,926	138,696	SH		SOLE		0	136,771	1,925
DISNEY WALT PRODTNS	COM	254687106	4,212	37,776	SH		SOLE		0	36,996	780
DULUTH HLDGS INC COM CL B	COM	26443V101	536	72,725	SH		SOLE		0	72,725	0
EATON VANCE CORP COM NON VTG	COM	278265103	580	15,019	SH		SOLE		0	15,019	0
EBAY INC COM	COM	278642103	8,144	155,276	SH		SOLE		0	152,921	2,355
EOG RES INC COM	COM	26875P101	499	9,851	SH		SOLE		0	9,851	0
EXACT SCIENCES CORP COM	COM	30063P105	13,709	157,682	SH		SOLE		0	155,057	2,625
EXXON MOBIL CORP COM	COM	30231G102	8,633	193,055	SH		SOLE		0	190,825	2,230
FACEBOOK INC CL A	COM	30303M102	6,331	27,882	SH		SOLE		0	27,332	550
FARMERS & MERCHANTS BK COM	COM	308243104	661	111	SH		SOLE		0	0	111
FEDEX CORP COM	COM	31428X106	4,857	34,637	SH		SOLE		0	33,997	640
FIDELITY NATIONAL FINANCIAL IN	COM	31620R303	3,317	108,191	SH		SOLE		0	106,316	1,875
FIDELITY NATL INFO SVC COM	COM	31620M106	210	1,566	SH		SOLE		0	1,380	186
FIRST HORIZON NATL CP COM	COM	320517105	835	83,839	SH		SOLE		0	83,839	0
FISERV INC	COM	337738108	3,767	38,588	SH		SOLE		0	37,746	842
FLAGSTAR BANCORP INC COM PAR .	COM	337930705	471	16,000	SH		SOLE		0	16,000	0
FREEPORT-MCMORAN INC	COM	35671D857	5,231	452,153	SH		SOLE		0	445,093	7,060
GENERAL DYNAMICS CORP COM	COM	369550108	1,292	8,645	SH		SOLE		0	8,645	0
GENERAL ELEC CO	COM	369604103	7,003	1,025,268	SH		SOLE		0	1,003,993	21,275
GOLDMAN SACHS GROUP INC	COM	38141G104	1,206	6,101	SH		SOLE		0	6,101	0
HANESBRANDS INC COM	COM	410345102	368	32,555	SH		SOLE		0	32,555	0
HANGER INC COM NEW	COM	41043F208	2,797	168,929	SH		SOLE		0	164,774	4,155
HCA HEALTHCARE INC COM	COM	40412C101	1,065	10,975	SH		SOLE		0	10,975	0
HD SUPPLY HLDGS INC COM	COM	40416M105	1,811	52,260	SH		SOLE		0	52,260	0
HILLENBRAND INC COM	COM	431571108	462	17,050	SH		SOLE		0	17,050	0
HONEYWELL INTERNATIONAL INC.	COM	438516106	262	1,810	SH		SOLE		0	1,810	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	228	225,325	SH		SOLE		0	225,325	0
II VI INC COM	COM	902104108	6,447	136,526	SH		SOLE		0	134,501	2,025
ILLINOIS TOOL WORKS INC	COM	452308109	225	1,285	SH		SOLE		0	1,285	0
INTEL CORP	COM	458140100	1,137	19,008	SH		SOLE		0	18,383	625
JOHNSON & JOHNSON	COM	478160104	7,409	52,685	SH		SOLE		0	52,015	670
JPMORGAN CHASE & CO COM	COM	46625H100	7,856	83,521	SH		SOLE		0	81,751	1,770
KIMBERLY CLARK CORP	COM	494368103	1,273	9,008	SH		SOLE		0	9,008	0
KRAFT HEINZ CO COM	COM	500754106	5,718	179,294	SH		SOLE		0	175,919	3,375
LAMB WESTON HLDGS INC COM	COM	513272104	2,404	37,607	SH		SOLE		0	36,567	1,040
LAS VEGAS SANDS CORP COM	COM	517834107	2,834	62,229	SH		SOLE		0	61,254	975
LKQ CORP COM	COM	501889208	6,242	238,257	SH		SOLE		0	235,267	2,990
LOWES COS INC CO	COM	548661107	2,755	20,392	SH		SOLE		0	19,467	925
LUMENTUM HLDGS INC COM	COM	55024U109	1,618	19,872	SH		SOLE		0	19,872	0
MASCO CORP COM	COM	574599106	435	8,672	SH		SOLE		0	8,672	0
MASTEC INC COM	COM	576323109	437	9,740	SH		SOLE		0	9,740	0
MAXIM INTEGRATED PRODUCTS	COM	57772K101	593	9,783	SH		SOLE		0	9,783	0
MCDONALDS CORP	COM	580135101	212	1,150	SH		SOLE		0	1,150	0
MCKESSON CORP	COM	58155q103	5,198	33,884	SH		SOLE		0	33,504	380
MDU RESOURCES GROUP INC	COM	552690109	235	10,600	SH		SOLE		0	10,600	0
MERCK & CO INC NEW COM	COM	58933Y105	2,313	29,914	SH		SOLE		0	29,914	0
MGE ENERGY INC COM	COM	55277P104	432	6,693	SH		SOLE		0	6,693	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	4,901	133,511	SH		SOLE		0	131,111	2,400
MICROSOFT CORP	COM	594918104	18,212	89,489	SH		SOLE		0	85,049	4,440
MIMEDX GROUP INC COM	COM	602496101	1,588	294,023	SH		SOLE		0	284,168	9,855
MOBILE MINI INC COM	COM	60740F105	387	13,115	SH		SOLE		0	13,115	0
MOLSON COORS BEVERAGE CO	COM	60871R209	1,768	51,446	SH		SOLE		0	51,011	435
MUELLER WTR PRODS INC COM SER	COM	624758108	300	31,825	SH		SOLE		0	31,825	0
NEUROCRINE BIOSCIENCES INC COM	COM	64125C109	415	3,400	SH		SOLE		0	3,400	0
NEWELL BRANDS INC.	COM	651229106	3,515	221,360	SH		SOLE		0	217,702	3,658
NMI HLDGS INC CL A	COM	629209305	223	13,845	SH		SOLE		0	13,845	0
NOBLE ENRGY INC COM	COM	655044105	1,055	117,759	SH		SOLE		0	116,174	1,585
NORTHERN TRUST CORP	COM	665859104	4,718	59,466	SH		SOLE		0	58,911	555
ORACLE CORP	COM	68389X105	5,415	97,970	SH		SOLE		0	96,305	1,665
PARSLEY ENERGY INC CL A	COM	701877102	141	13,180	SH		SOLE		0	13,180	0
PAYPAL HLDGS INC COM	COM	70450Y103	5,693	32,674	SH		SOLE		0	32,204	470
PEPSICO INC	COM	713448108	3,353	25,355	SH		SOLE		0	24,488	867
PERFORMANCE FOOD GROUP CO COM	COM	71377A103	2,391	82,056	SH		SOLE		0	79,806	2,250
PFIZER INC	COM	717081103	2,272	69,484	SH		SOLE		0	68,772	712
PIONEER NAT RES CO COM	COM	723787107	1,246	12,755	SH		SOLE		0	12,755	0
PNC FINL SVCS GROUP COM	COM	693475105	2,888	27,453	SH		SOLE		0	27,083	370
PREMIER INC CL A	COM	74051N102	529	15,430	SH		SOLE		0	15,430	0
PROCTER & GAMBLE COMPANY	COM	742718109	6,286	52,569	SH		SOLE		0	52,124	445
PURE STORAGE INC CL A	COM	74624M102	382	22,025	SH		SOLE		0	22,025	0
QUALCOMM INC	COM	747525103	9,733	106,711	SH		SOLE		0	104,541	2,170
REGAL BELOIT CORP COM	COM	758750103	2,957	33,860	SH		SOLE		0	32,810	1,050
REGIONS FINANCIAL CORP COM	COM	7591EP100	196	17,585	SH		SOLE		0	17,585	0
RESMED INC COM	COM	761152107	787	4,100	SH		SOLE		0	4,100	0
REV GROUP INC COM	COM	749527107	244	39,995	SH		SOLE		0	39,995	0
SCHEIN HENRY INC CO	COM	806407102	735	12,580	SH		SOLE		0	12,580	0
SCHWAB (CHARLES) CORP	COM	808513105	1,413	41,872	SH		SOLE		0	41,872	0
SEALED AIR CORP	COM	81211K100	1,855	56,465	SH		SOLE		0	55,405	1,060
SKECHERS U S A INC CL A	COM	830566105	4,054	129,203	SH		SOLE		0	126,173	3,030
SMITH A O COM	COM	831865209	2,940	62,403	SH		SOLE		0	60,448	1,955
SOUTHERN CO COM	COM	842587107	235	4,526	SH		SOLE		0	4,526	0
SPX FLOW INC COM	COM	78469X107	518	13,845	SH		SOLE		0	13,845	0
SS&C TECHNOLOGIES HLDGS INC CO	COM	78467J100	2,604	46,112	SH		SOLE		0	45,262	850
STARBUCKS CORP CO	COM	855244109	898	12,204	SH		SOLE		0	12,204	0
STATE STREET CORP	COM	857477103	6,394	100,609	SH		SOLE		0	99,664	945
SYSCO CORPORATION	COM	871829107	3,889	71,140	SH		SOLE		0	69,955	1,185
T ROWE PRICE GROUP INC	COM	74144t108	333	2,700	SH		SOLE		0	2,700	0
TAKE-TWO INTERACTIVE COM	COM	874054109	300	2,150	SH		SOLE		0	2,150	0
TARGET CORP	COM	87612e106	4,959	41,353	SH		SOLE		0	40,638	715
TESLA INC	COM	88160R101	260	241	SH		SOLE		0	241	0
TOPBUILD CORP COM	COM	89055F103	1,715	15,075	SH		SOLE		0	14,525	550
TRUIST FINANCIAL CORP	COM	89832q109	986	26,268	SH		SOLE		0	26,268	0
U S BANCORP	COM	902973304	270	7,322	SH		SOLE		0	7,322	0
UNITEDHEALTH GROUP INC	COM	91324P102	2,577	8,736	SH		SOLE		0	8,736	0
URBAN OUTFITTERS INC COM	COM	917047102	1,705	112,032	SH		SOLE		0	109,862	2,170
VERIZON COMMUNICATIONS	COM	92343V104	208	3,781	SH		SOLE		0	3,781	0
VIACOMCBS	COM	92556H206	8,345	357,860	SH		SOLE		0	352,105	5,755
VIAVI SOLUTIONS INC COM	COM	925550105	3,702	290,556	SH		SOLE		0	285,316	5,240
VISA INC COM CL A	COM	92826C839	4,050	20,966	SH		SOLE		0	20,686	280
WABTEC CORP COM	COM	929740108	3,343	58,076	SH		SOLE		0	56,724	1,352
WALGREENS BOOTS ALLIANCE INC	COM	931427108	8,027	189,372	SH		SOLE		0	185,867	3,505
WELLS FARGO NEW	COM	949746101	2,664	104,051	SH		SOLE		0	102,126	1,925
XCEL ENERGY INC	COM	98389B100	219	3,499	SH		SOLE		0	3,499	0
XILINX INC	COM	983919101	236	2,400	SH		SOLE		0	2,400	0
ZIONS BANCORPORATION NA	COM	989701107	3,234	95,104	SH		SOLE		0	94,084	1,020
ENTERPRISE PRODS PARTN COM	COM	293792107	213	11,706	SH		SOLE		0	10,701	1,005
ANNALY MTG MGMT INC COM	COM	035710409	76	11,540	SH		SOLE		0	11,540	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	289	52,225	SH		SOLE		0	52,225	0
HOST HOTELS&RESORTS COM	COM	44107P104	261	24,225	SH		SOLE		0	24,225	0
KIMCO RLTY CORP COM	COM	49446R109	1,997	155,539	SH		SOLE		0	150,974	4,565
SERVICE PPTYS TR COM SH BEN IN	COM	81761L102	207	29,205	SH		SOLE		0	29,205	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	2,658	38,874	SH		SOLE		0	38,514	360
BRISTOL MYERS SQUIBB CO CONTNG	RIGHT	110122157	299	83,586	SH		SOLE		0	82,231	1,355
AMERICAN RLTY CAP PPTYS INC	CONV	02917tab0	1,938	1,943,000	PRN		SOLE		0	1,943,000	0
COLONY CAP INC	CONV	19624raa4	16,533	19,225,000	PRN		SOLE		0	19,225,000	0
GREENBRIER COS INC	CONV	393657ak7	2,896	3,519,000	PRN		SOLE		0	3,519,000	0
HOPE BANCORP INC	CONV	43940tab5	21,148	25,750,000	PRN		SOLE		0	25,750,000	0
TWO HBRS INVT CORP	CONV	90187baa9	29,939	30,570,000	PRN		SOLE		0	30,570,000	0
SCHWAB STRATEGIC TR EMRG MKTEQ	COM	808524706	1,210	49,700	SH		SOLE		0	48,771	929
SCHWAB STRATEGIC TR INTL EQTY	COM	808524805	1,122	37,716	SH		SOLE		0	37,716	0
ISHARES S&P MIDCAP 400 VALUE E	COM	464287705	536	4,035	SH		SOLE		0	4,035	0
ISHARES S&P SMLCP 600 VALUE ET	COM	464287879	333	2,765	SH		SOLE		0	2,765	0
ISHARES TR S&P500/BAR VAL	COM	464287408	620	5,728	SH		SOLE		0	5,728	0
SCHWAB STRATEGIC TR US LCAP VA	COM	808524409	256	5,114	SH		SOLE		0	3,256	1,858
SPDR SERIES TRUST S&P 400 MDCP	COM	78464A839	224	5,250	SH		SOLE		0	3,980	1,270
SPDR SERIES TRUST S&P 600 SMCP	COM	78464A300	230	4,680	SH		SOLE		0	3,851	829
VANGUARD SCOTTSDALE FDS SHRT T	COM	92206C409	769	9,299	SH		SOLE		0	6,834	2,465