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	321	12,595	SH		SOLE		0	12,595	0
AON PLC SHS CL A	ADR	G0403H108	413	2,000	SH		SOLE		0	2,000	0
BANK OF MONTREAL	ADR	063671101	221	3,778	SH		SOLE		0	3,778	0
BAUSCH HEALTH COS INC COM	ADR	071734107	2,078	133,729	SH		SOLE		0	131,479	2,250
CAMECO CORP COM	ADR	13321L108	154	15,200	SH		SOLE		0	15,200	0
COLLIERS INTL GROUP INC SUB VT	ADR	194693107	1,220	18,300	SH		SOLE		0	18,300	0
FIRSTSERVICE CORP NEW COM	ADR	33767E202	384	2,915	SH		SOLE		0	2,915	0
ICICI BK LTD ADR	ADR	45104G104	116	11,840	SH		SOLE		0	11,840	0
INFINEON TECHNOLOGIES AG SPONS	ADR	45662N103	7,468	264,443	SH		SOLE		0	258,853	5,590
JAZZ PHARMACEUTICALS PLC SHS U	ADR	G50871105	887	6,220	SH		SOLE		0	6,220	0
KORNIT DIGITAL LTD SHS	ADR	M6372Q113	504	7,765	SH		SOLE		0	7,765	0
LUNDIN MINING CORP COM	ADR	550372106	108	19,350	SH		SOLE		0	19,350	0
MARVELL TECH GROUP LTD ORD	ADR	G5876H105	613	15,450	SH		SOLE		0	15,450	0
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	6,846	54,855	SH		SOLE		0	53,480	1,375
SCHLUMBERGER	ADR	806857108	1,300	83,551	SH		SOLE		0	82,026	1,525
TRANE TECHNOLOGIES PLC SHS	ADR	G8994E103	406	3,350	SH		SOLE		0	3,350	0
3M CO COM	COM	88579Y101	1,469	9,170	SH		SOLE		0	9,170	0
ABBOTT LABS	COM	002824100	1,112	10,221	SH		SOLE		0	10,221	0
ABBVIE INC. COM	COM	00287Y109	4,866	55,559	SH		SOLE		0	54,244	1,315
ACADIA HEALTHCARE COMPANY INC	COM	00404A109	491	16,660	SH		SOLE		0	16,660	0
ACCELERATE DIAGNOSTICS INC COM	COM	00430H102	564	52,900	SH		SOLE		0	52,900	0
ADOBE INC	COM	00724F101	1,040	2,121	SH		SOLE		0	2,121	0
AERIE PHARMACEUTICALS INC COM	COM	00771V108	287	24,405	SH		SOLE		0	24,405	0
ALEXION PHARMACEUTICAL COM	COM	015351109	469	4,100	SH		SOLE		0	4,100	0
ALLIANCE DATA SYS CORP COM	COM	018581108	7,236	172,376	SH		SOLE		0	170,156	2,220
ALPHABET INC CAP STK CL A	COM	02079K305	14,086	9,611	SH		SOLE		0	9,451	160
ALPHABET INC CAP STK CL C	COM	02079K107	307	209	SH		SOLE		0	209	0
AMAZON COM INC CO	COM	023135106	642	204	SH		SOLE		0	204	0
AMERICAN EXPRESS CO	COM	025816109	871	8,685	SH		SOLE		0	8,685	0
AMERIPRISE FINL INC COM	COM	03076C106	216	1,402	SH		SOLE		0	1,402	0
AMGEN INC	COM	031162100	4,473	17,598	SH		SOLE		0	17,368	230
AMN HEALTHCARE SVCS INC COM	COM	001744101	476	8,150	SH		SOLE		0	8,150	0
APPLE INC COM	COM	037833100	5,262	45,438	SH		SOLE		0	44,570	868
ASSOCIATED BANCORP	COM	045487105	877	69,490	SH		SOLE		0	69,490	0
AT&T INC COM	COM	00206R102	328	11,518	SH		SOLE		0	11,518	0
BANK FIRST CORPORATION	COM	06211J100	417	7,101	SH		SOLE		0	7,101	0
BANK OF AMERICA	COM	060505104	8,421	349,574	SH		SOLE		0	342,149	7,425
BED BATH & BEYOND INC COM	COM	075896100	4,708	314,280	SH		SOLE		0	310,870	3,410
BERRY GLOBAL GROUP INC COM	COM	08579W103	483	10,000	SH		SOLE		0	10,000	0
BLACK KNIGHT INC COM	COM	09215C105	1,139	13,079	SH		SOLE		0	12,676	403
BOEING CO	COM	097023105	3,386	20,490	SH		SOLE		0	20,490	0
BRISTOL MYERS SQUIBB CO	COM	110122108	6,433	106,699	SH		SOLE		0	105,114	1,585
CHENIERE ENERGY INC COM NEW	COM	16411R208	275	5,945	SH		SOLE		0	5,945	0
CHEVRON CORP NEW COM	COM	166764100	2,528	35,113	SH		SOLE		0	34,293	820
CIGNA CORP NEW COM	COM	125523100	3,901	23,028	SH		SOLE		0	22,711	317
CISCO SYSTEMS INC	COM	17275R102	7,446	189,031	SH		SOLE		0	184,766	4,265
CITIGROUP INC COM NEW	COM	172967424	6,097	141,431	SH		SOLE		0	138,661	2,770
CITIZENS FINANCIAL GROUP INC C	COM	174610105	3,425	135,468	SH		SOLE		0	132,343	3,125
COCA COLA CO	COM	191216100	1,803	36,516	SH		SOLE		0	36,516	0
COGNEX CORP COM	COM	192422103	651	10,000	SH		SOLE		0	10,000	0
COLGATE PALMOLIVE CO	COM	194162103	391	5,070	SH		SOLE		0	5,070	0
CORNING INC	COM	219350105	4,923	151,902	SH		SOLE		0	148,622	3,280
COSTCO WHOLESALE CORP	COM	22160K105	270	760	SH		SOLE		0	760	0
CPI CARD GROUP INC COM	COM	12634H200	295	150,397	SH		SOLE		0	150,397	0
CPI CARD GROUP INC COM	COM	12634H200	2	913	SH		DFND		0	913	0
CROWN HOLDINGS INC COM	COM	228368106	3,034	39,475	SH		SOLE		0	38,775	700
CVS HEALTH CORP COM	COM	126650100	5,757	98,583	SH		SOLE		0	97,468	1,115
DARDEN RESTAURANTS INC.	COM	237194105	5,367	53,279	SH		SOLE		0	52,309	970
DEVON ENERGY CORP NEW	COM	25179M103	907	95,921	SH		SOLE		0	94,001	1,920
DISCOVER FINL SVCS COM	COM	254709108	4,104	71,022	SH		SOLE		0	70,377	645
DISCOVERY COMMUN NEW COM SER A	COM	25470F104	4,902	225,155	SH		SOLE		0	222,005	3,150
DISNEY WALT PRODTNS	COM	254687106	1,938	15,621	SH		SOLE		0	15,256	365
DULUTH HLDGS INC COM CL B	COM	26443V101	702	57,425	SH		SOLE		0	57,425	0
EATON VANCE CORP COM NON VTG	COM	278265103	567	14,869	SH		SOLE		0	14,869	0
EBAY INC COM	COM	278642103	5,357	102,817	SH		SOLE		0	100,947	1,870
EOG RES INC COM	COM	26875P101	347	9,660	SH		SOLE		0	9,660	0
EXACT SCIENCES CORP COM	COM	30063P105	15,824	155,211	SH		SOLE		0	152,586	2,625
EXXON MOBIL CORP COM	COM	30231G102	6,591	191,995	SH		SOLE		0	189,765	2,230
FACEBOOK INC CL A	COM	30303M102	7,112	27,156	SH		SOLE		0	26,606	550
FARMERS & MERCHANTS BK COM	COM	308243104	677	111	SH		SOLE		0	0	111
FEDEX CORP COM	COM	31428X106	4,924	19,576	SH		SOLE		0	19,163	413
FIDELITY NATIONAL FINANCIAL IN	COM	31620R303	3,385	108,127	SH		SOLE		0	106,252	1,875
FIDELITY NATL INFO SVC COM	COM	31620M106	225	1,531	SH		SOLE		0	1,345	186
FIRST HORIZON NATL CP COM	COM	320517105	2,781	294,949	SH		SOLE		0	290,299	4,650
FISERV INC	COM	337738108	6,210	60,264	SH		SOLE		0	59,007	1,257
FLAGSTAR BANCORP INC COM PAR .	COM	337930705	474	16,000	SH		SOLE		0	16,000	0
FREEPORT-MCMORAN INC	COM	35671D857	5,363	342,889	SH		SOLE		0	335,829	7,060
GENERAL DYNAMICS CORP COM	COM	369550108	1,254	9,056	SH		SOLE		0	9,056	0
GENERAL ELEC CO	COM	369604103	7,437	1,193,780	SH		SOLE		0	1,172,505	21,275
GOLDMAN SACHS GROUP INC	COM	38141G104	1,226	6,101	SH		SOLE		0	6,101	0
HANESBRANDS INC COM	COM	410345102	497	31,555	SH		SOLE		0	31,555	0
HANGER INC COM NEW	COM	41043F208	2,637	166,660	SH		SOLE		0	162,505	4,155
HCA HEALTHCARE INC COM	COM	40412C101	1,368	10,975	SH		SOLE		0	10,975	0
HD SUPPLY HLDGS INC COM	COM	40416M105	1,878	45,530	SH		SOLE		0	45,530	0
HILLENBRAND INC COM	COM	431571108	418	14,750	SH		SOLE		0	14,750	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	259	225,325	SH		SOLE		0	225,325	0
II VI INC COM	COM	902104108	5,497	135,519	SH		SOLE		0	133,494	2,025
ILLINOIS TOOL WORKS INC	COM	452308109	244	1,265	SH		SOLE		0	1,265	0
INTEL CORP	COM	458140100	976	18,844	SH		SOLE		0	18,219	625
JOHNSON & JOHNSON	COM	478160104	7,611	51,122	SH		SOLE		0	50,452	670
JPMORGAN CHASE & CO COM	COM	46625H100	7,993	83,023	SH		SOLE		0	81,253	1,770
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	3,256	32,960	SH		SOLE		0	32,085	875
KIMBERLY CLARK CORP	COM	494368103	1,319	8,933	SH		SOLE		0	8,933	0
KRAFT HEINZ CO COM	COM	500754106	5,242	175,038	SH		SOLE		0	171,663	3,375
LAMB WESTON HLDGS INC COM	COM	513272104	2,455	37,047	SH		SOLE		0	36,007	1,040
LAS VEGAS SANDS CORP COM	COM	517834107	3,581	76,744	SH		SOLE		0	75,769	975
LKQ CORP COM	COM	501889208	6,179	222,844	SH		SOLE		0	219,854	2,990
LOWES COS INC CO	COM	548661107	2,971	17,911	SH		SOLE		0	17,051	860
LUMENTUM HLDGS INC COM	COM	55024U109	1,433	19,072	SH		SOLE		0	19,072	0
MASCO CORP COM	COM	574599106	378	6,852	SH		SOLE		0	6,852	0
MASTEC INC COM	COM	576323109	411	9,740	SH		SOLE		0	9,740	0
MAXIM INTEGRATED PRODUCTS	COM	57772K101	625	9,243	SH		SOLE		0	9,243	0
MCDONALDS CORP	COM	580135101	252	1,150	SH		SOLE		0	1,150	0
MCKESSON CORP	COM	58155q103	4,967	33,353	SH		SOLE		0	32,973	380
MDU RESOURCES GROUP INC	COM	552690109	238	10,600	SH		SOLE		0	10,600	0
MERCK & CO INC NEW COM	COM	58933Y105	2,482	29,917	SH		SOLE		0	29,917	0
METTLER TOLEDO INTL COM	COM	592688105	217	225	SH		SOLE		0	225	0
MGE ENERGY INC COM	COM	55277P104	420	6,699	SH		SOLE		0	6,699	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	5,040	126,816	SH		SOLE		0	124,416	2,400
MICROSOFT CORP	COM	594918104	18,050	85,819	SH		SOLE		0	81,679	4,140
MIMEDX GROUP INC COM	COM	602496101	1,787	281,178	SH		SOLE		0	271,323	9,855
MOLSON COORS BEVERAGE CO	COM	60871R209	2,298	68,460	SH		SOLE		0	67,850	610
MUELLER WTR PRODS INC COM SER	COM	624758108	331	31,825	SH		SOLE		0	31,825	0
NEUROCRINE BIOSCIENCES INC COM	COM	64125C109	359	3,730	SH		SOLE		0	3,730	0
NEWELL BRANDS INC.	COM	651229106	3,675	214,158	SH		SOLE		0	210,725	3,433
NMI HLDGS INC CL A	COM	629209305	246	13,845	SH		SOLE		0	13,845	0
NORTHERN TRUST CORP	COM	665859104	4,599	58,981	SH		SOLE		0	58,426	555
ORACLE CORP	COM	68389X105	5,748	96,275	SH		SOLE		0	94,610	1,665
PARSLEY ENERGY INC CL A	COM	701877102	123	13,180	SH		SOLE		0	13,180	0
PAYPAL HLDGS INC COM	COM	70450Y103	5,391	27,363	SH		SOLE		0	26,958	405
PEPSICO INC	COM	713448108	3,433	24,771	SH		SOLE		0	23,904	867
PERFORMANCE FOOD GROUP CO COM	COM	71377A103	2,785	80,431	SH		SOLE		0	78,181	2,250
PFIZER INC	COM	717081103	2,562	69,820	SH		SOLE		0	69,108	712
PIONEER NAT RES CO COM	COM	723787107	1,097	12,755	SH		SOLE		0	12,755	0
PNC FINL SVCS GROUP COM	COM	693475105	2,989	27,198	SH		SOLE		0	26,828	370
PREMIER INC CL A	COM	74051N102	507	15,430	SH		SOLE		0	15,430	0
PROCTER & GAMBLE COMPANY	COM	742718109	7,038	50,639	SH		SOLE		0	50,194	445
PURE STORAGE INC CL A	COM	74624M102	339	22,025	SH		SOLE		0	22,025	0
QUALCOMM INC	COM	747525103	12,048	102,380	SH		SOLE		0	100,260	2,120
REGAL BELOIT CORP COM	COM	758750103	2,942	31,343	SH		SOLE		0	30,293	1,050
REGIONS FINANCIAL CORP COM	COM	7591EP100	203	17,585	SH		SOLE		0	17,585	0
RESMED INC COM	COM	761152107	703	4,100	SH		SOLE		0	4,100	0
REV GROUP INC COM	COM	749527107	316	39,995	SH		SOLE		0	39,995	0
SALESFORCE COM INC COM	COM	79466L302	252	1,003	SH		SOLE		0	1,003	0
SCHEIN HENRY INC CO	COM	806407102	739	12,580	SH		SOLE		0	12,580	0
SCHWAB (CHARLES) CORP	COM	808513105	1,517	41,872	SH		SOLE		0	41,872	0
SEALED AIR CORP	COM	81211K100	2,105	54,241	SH		SOLE		0	53,181	1,060
SKECHERS U S A INC CL A	COM	830566105	3,855	127,560	SH		SOLE		0	124,530	3,030
SMITH A O COM	COM	831865209	3,086	58,448	SH		SOLE		0	56,493	1,955
SOUTHERN CO COM	COM	842587107	245	4,526	SH		SOLE		0	4,526	0
SPX CORP COM	COM	784635104	208	4,495	SH		SOLE		0	4,495	0
SPX FLOW INC COM	COM	78469X107	593	13,845	SH		SOLE		0	13,845	0
SS&C TECHNOLOGIES HLDGS INC CO	COM	78467J100	2,725	45,019	SH		SOLE		0	44,169	850
STARBUCKS CORP CO	COM	855244109	1,049	12,204	SH		SOLE		0	12,204	0
STATE STREET CORP	COM	857477103	5,943	100,174	SH		SOLE		0	99,229	945
SYSCO CORPORATION	COM	871829107	4,419	71,025	SH		SOLE		0	69,840	1,185
T ROWE PRICE GROUP INC	COM	74144t108	346	2,700	SH		SOLE		0	2,700	0
TAKE-TWO INTERACTIVE COM	COM	874054109	359	2,175	SH		SOLE		0	2,175	0
TARGET CORP	COM	87612e106	5,876	37,326	SH		SOLE		0	36,791	535
TESLA INC	COM	88160R101	517	1,205	SH		SOLE		0	1,205	0
TOPBUILD CORP COM	COM	89055F103	1,925	11,280	SH		SOLE		0	10,980	300
TRUIST FINANCIAL CORP	COM	89832q109	999	26,268	SH		SOLE		0	26,268	0
U S BANCORP	COM	902973304	248	6,906	SH		SOLE		0	6,906	0
UNITEDHEALTH GROUP INC	COM	91324P102	2,724	8,738	SH		SOLE		0	8,738	0
URBAN OUTFITTERS INC COM	COM	917047102	2,293	110,187	SH		SOLE		0	108,017	2,170
VERIZON COMMUNICATIONS	COM	92343V104	225	3,781	SH		SOLE		0	3,781	0
VIACOMCBS	COM	92556H206	8,561	305,656	SH		SOLE		0	300,744	4,912
VIAVI SOLUTIONS INC COM	COM	925550105	3,351	285,677	SH		SOLE		0	280,437	5,240
VISA INC COM CL A	COM	92826C839	4,017	20,088	SH		SOLE		0	19,808	280
WABTEC CORP COM	COM	929740108	3,538	57,167	SH		SOLE		0	55,815	1,352
WALGREENS BOOTS ALLIANCE INC	COM	931427108	8,359	232,722	SH		SOLE		0	227,667	5,055
WEC ENERGY GROUP INC COM	COM	92939U106	210	2,169	SH		SOLE		0	2,169	0
WELLS FARGO NEW	COM	949746101	2,637	112,157	SH		SOLE		0	110,232	1,925
WILLSCOT MOBIL MINI HLDNG CORP	COM	971378104	484	29,041	SH		SOLE		0	29,041	0
XCEL ENERGY INC	COM	98389B100	241	3,499	SH		SOLE		0	3,499	0
XILINX INC	COM	983919101	250	2,400	SH		SOLE		0	2,400	0
ZIONS BANCORPORATION NA	COM	989701107	2,788	95,411	SH		SOLE		0	94,391	1,020
ENTERPRISE PRODS PARTN COM	COM	293792107	185	11,706	SH		SOLE		0	10,701	1,005
ANNALY MTG MGMT INC COM	COM	035710409	106	14,915	SH		SOLE		0	14,915	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	275	54,195	SH		SOLE		0	54,195	0
HOST HOTELS&RESORTS COM	COM	44107P104	271	25,090	SH		SOLE		0	25,090	0
KIMCO RLTY CORP COM	COM	49446R109	1,895	168,317	SH		SOLE		0	164,352	3,965
SERVICE PPTYS TR COM SH BEN IN	COM	81761L102	232	29,205	SH		SOLE		0	29,205	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	3,007	46,498	SH		SOLE		0	45,663	835
BRISTOL MYERS SQUIBB CO CONTNG	RIGHT	110122157	185	82,171	SH		SOLE		0	80,816	1,355
COLONY CAP INC	CONV	19624raa4	18,651	19,225,000	PRN		SOLE		0	19,225,000	0
GREENBRIER COS INC	CONV	393657ak7	3,219	3,519,000	PRN		SOLE		0	3,519,000	0
HOPE BANCORP INC	CONV	43940tab5	21,002	25,750,000	PRN		SOLE		0	25,750,000	0
TWO HBRS INVT CORP	CONV	90187baa9	29,886	29,960,000	PRN		SOLE		0	29,960,000	0
SCHWAB STRATEGIC TR EMRG MKTEQ	COM	808524706	1,321	49,347	SH		SOLE		0	48,418	929
SCHWAB STRATEGIC TR INTL EQTY	COM	808524805	1,181	37,622	SH		SOLE		0	37,622	0
ISHARES S&P MIDCAP 400 VALUE E	COM	464287705	545	4,040	SH		SOLE		0	4,040	0
ISHARES S&P SMLCP 600 VALUE ET	COM	464287879	338	2,762	SH		SOLE		0	2,762	0
ISHARES TR S&P500/BAR VAL	COM	464287408	658	5,855	SH		SOLE		0	5,855	0
SCHWAB STRATEGIC TR US LCAP VA	COM	808524409	269	5,159	SH		SOLE		0	3,296	1,863
SPDR SERIES TRUST S&P 400 MDCP	COM	78464A839	229	5,283	SH		SOLE		0	4,012	1,271
SPDR SERIES TRUST S&P 600 SMCP	COM	78464A300	238	4,749	SH		SOLE		0	3,919	830
VANGUARD SCOTTSDALE FDS SHRT T	COM	92206C409	816	9,849	SH		SOLE		0	7,364	2,485