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	288	9,445	SH		SOLE		0	9,445	0
AON PLC SHS CL A	ADR	G0403H108	460	2,000	SH		SOLE		0	2,000	0
BANK OF MONTREAL	ADR	063671101	293	3,292	SH		SOLE		0	3,292	0
BAUSCH HEALTH COS INC COM	ADR	071734107	4,535	142,890	SH		SOLE		0	139,440	3,450
CAMECO CORP COM	ADR	13321L108	252	15,200	SH		SOLE		0	15,200	0
COLLIERS INTL GROUP INC SUB VT	ADR	194693107	1,798	18,300	SH		SOLE		0	18,300	0
FIRSTSERVICE CORP NEW COM	ADR	33767E202	432	2,915	SH		SOLE		0	2,915	0
INFINEON TECHNOLOGIES AG SPONS	ADR	45662N103	4,307	101,134	SH		SOLE		0	98,384	2,750
JAZZ PHARMACEUTICALS PLC SHS U	ADR	G50871105	1,022	6,220	SH		SOLE		0	6,220	0
KORNIT DIGITAL LTD SHS	ADR	M6372Q113	299	3,015	SH		SOLE		0	3,015	0
LUNDIN MINING CORP COM	ADR	550372106	168	16,350	SH		SOLE		0	16,350	0
MARVELL TECH GROUP LTD ORD	ADR	G5876H105	644	13,150	SH		SOLE		0	13,150	0
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	9,053	44,966	SH		SOLE		0	43,716	1,250
SCHLUMBERGER	ADR	806857108	2,378	87,442	SH		SOLE		0	85,742	1,700
TRANE TECHNOLOGIES PLC SHS	ADR	G8994E103	555	3,350	SH		SOLE		0	3,350	0
3M CO COM	COM	88579Y101	1,735	9,006	SH		SOLE		0	9,006	0
ABBOTT LABS	COM	002824100	1,176	9,812	SH		SOLE		0	9,812	0
ABBVIE INC. COM	COM	00287Y109	6,220	57,472	SH		SOLE		0	56,232	1,240
ACADIA HEALTHCARE COMPANY INC	COM	00404A109	815	14,260	SH		SOLE		0	14,260	0
ACCELERATE DIAGNOSTICS INC COM	COM	00430H102	507	60,900	SH		SOLE		0	60,900	0
ADOBE INC	COM	00724F101	922	1,940	SH		SOLE		0	1,940	0
AERIE PHARMACEUTICALS INC COM	COM	00771V108	579	32,405	SH		SOLE		0	32,405	0
ALEXION PHARMACEUTICAL COM	COM	015351109	627	4,100	SH		SOLE		0	4,100	0
ALLIANCE DATA SYS CORP COM	COM	018581108	16,894	150,722	SH		SOLE		0	148,902	1,820
ALPHABET INC CAP STK CL A	COM	02079K305	19,082	9,252	SH		SOLE		0	9,072	180
ALPHABET INC CAP STK CL C	COM	02079K107	374	181	SH		SOLE		0	181	0
AMAZON COM INC CO	COM	023135106	616	199	SH		SOLE		0	199	0
AMERICAN EXPRESS CO	COM	025816109	1,228	8,685	SH		SOLE		0	8,685	0
AMERIPRISE FINL INC COM	COM	03076C106	326	1,402	SH		SOLE		0	1,402	0
AMGEN INC	COM	031162100	4,562	18,336	SH		SOLE		0	18,106	230
AMN HEALTHCARE SVCS INC COM	COM	001744101	601	8,150	SH		SOLE		0	8,150	0
ANALOG DEVICES INC COM	COM	032654105	244	1,572	SH		SOLE		0	1,572	0
APPLE INC COM	COM	037833100	5,551	45,448	SH		SOLE		0	44,580	868
ASSOCIATED BANCORP	COM	045487105	1,306	61,215	SH		SOLE		0	61,215	0
AT&T INC COM	COM	00206R102	339	11,197	SH		SOLE		0	11,197	0
AUTOMATIC DATA PROCESSING	COM	053015103	205	1,087	SH		SOLE		0	87	1,000
BANK FIRST CORPORATION	COM	06211J100	533	7,101	SH		SOLE		0	7,101	0
BANK OF AMERICA	COM	060505104	13,304	343,872	SH		SOLE		0	336,447	7,425
BED BATH & BEYOND INC COM	COM	075896100	3,363	115,373	SH		SOLE		0	114,013	1,360
BERRY GLOBAL GROUP INC COM	COM	08579W103	3,568	58,114	SH		SOLE		0	57,014	1,100
BLACK KNIGHT INC COM	COM	09215C105	930	12,572	SH		SOLE		0	12,169	403
BOEING CO	COM	097023105	5,155	20,236	SH		SOLE		0	20,236	0
BRISTOL MYERS SQUIBB CO	COM	110122108	7,665	121,424	SH		SOLE		0	119,514	1,910
CALLAWAY GOLF CO CO	COM	131193104	3,111	116,312	SH		SOLE		0	114,087	2,225
CHENIERE ENERGY INC COM NEW	COM	16411R208	515	7,145	SH		SOLE		0	7,145	0
CHEVRON CORP NEW COM	COM	166764100	3,941	37,607	SH		SOLE		0	36,712	895
CIGNA CORP NEW COM	COM	125523100	5,455	22,565	SH		SOLE		0	22,248	317
CISCO SYSTEMS INC	COM	17275R102	10,334	199,853	SH		SOLE		0	195,513	4,340
CITIGROUP INC COM NEW	COM	172967424	11,051	151,910	SH		SOLE		0	149,140	2,770
CITIGROUP INC COM NEW	COM	172967424	9	130	SH		DFND		0	130	0
CITIZENS FINANCIAL GROUP INC C	COM	174610105	5,779	130,894	SH		SOLE		0	127,969	2,925
COCA COLA CO	COM	191216100	1,820	34,538	SH		SOLE		0	34,538	0
COGNEX CORP COM	COM	192422103	830	10,000	SH		SOLE		0	10,000	0
COLGATE PALMOLIVE CO	COM	194162103	400	5,070	SH		SOLE		0	5,070	0
CORNING INC	COM	219350105	5,899	135,588	SH		SOLE		0	132,508	3,080
COSTCO WHOLESALE CORP	COM	22160K105	263	745	SH		SOLE		0	745	0
CPI CARD GROUP INC COM	COM	12634H200	728	52,064	SH		SOLE		0	52,064	0
CROWN HOLDINGS INC COM	COM	228368106	3,415	35,192	SH		SOLE		0	34,492	700
CVS HEALTH CORP COM	COM	126650100	7,565	100,558	SH		SOLE		0	99,373	1,185
DARDEN RESTAURANTS INC.	COM	237194105	3,752	26,425	SH		SOLE		0	26,100	325
DEVON ENERGY CORP NEW	COM	25179M103	774	35,438	SH		SOLE		0	35,138	300
DISCOVER FINL SVCS COM	COM	254709108	5,607	59,025	SH		SOLE		0	58,380	645
DISCOVERY COMMUN NEW COM SER A	COM	25470F104	7,426	170,865	SH		SOLE		0	169,915	950
DISNEY WALT PRODTNS	COM	254687106	1,201	6,508	SH		SOLE		0	6,338	170
DULUTH HLDGS INC COM CL B	COM	26443V101	866	51,125	SH		SOLE		0	51,125	0
EBAY INC COM	COM	278642103	6,300	102,871	SH		SOLE		0	101,001	1,870
ENERGIZER HLDGS INC NEW COM	COM	29272W109	3,161	66,599	SH		SOLE		0	65,224	1,375
EOG RES INC COM	COM	26875P101	687	9,475	SH		SOLE		0	9,475	0
EVOQUA WATER TECHNOLOGIES CORP	COM	30057T105	657	25,000	SH		SOLE		0	25,000	0
EXACT SCIENCES CORP COM	COM	30063P105	15,282	115,966	SH		SOLE		0	113,906	2,060
EXXON MOBIL CORP COM	COM	30231G102	10,846	194,269	SH		SOLE		0	192,039	2,230
FACEBOOK INC CL A	COM	30303M102	8,001	27,165	SH		SOLE		0	26,615	550
FARMERS & MERCHANTS BK COM	COM	308243104	858	111	SH		SOLE		0	0	111
FEDEX CORP COM	COM	31428X106	5,861	20,635	SH		SOLE		0	20,092	543
FIDELITY NATIONAL FINANCIAL IN	COM	31620R303	4,402	108,259	SH		SOLE		0	106,259	2,000
FIDELITY NATL INFO SVC COM	COM	31620M106	215	1,531	SH		SOLE		0	1,345	186
FIRST HORIZON CORP	COM	320517105	4,817	284,864	SH		SOLE		0	280,214	4,650
FISERV INC	COM	337738108	7,592	63,781	SH		SOLE		0	62,427	1,354
FLAGSTAR BANCORP INC COM PAR .	COM	337930705	722	16,000	SH		SOLE		0	16,000	0
FREEPORT-MCMORAN INC	COM	35671D857	8,227	249,841	SH		SOLE		0	243,291	6,550
GENERAL DYNAMICS CORP COM	COM	369550108	1,684	9,276	SH		SOLE		0	9,276	0
GENERAL ELEC CO	COM	369604103	14,526	1,106,330	SH		SOLE		0	1,085,055	21,275
GOLDMAN SACHS GROUP INC	COM	38141G104	1,995	6,101	SH		SOLE		0	6,101	0
HANESBRANDS INC COM	COM	410345102	503	25,555	SH		SOLE		0	25,555	0
HANGER INC COM NEW	COM	41043F208	3,605	157,964	SH		SOLE		0	153,809	4,155
HCA HEALTHCARE INC COM	COM	40412C101	2,067	10,975	SH		SOLE		0	10,975	0
HILLENBRAND INC COM	COM	431571108	704	14,750	SH		SOLE		0	14,750	0
HONEYWELL INTERNATIONAL INC.	COM	438516106	252	1,162	SH		SOLE		0	1,162	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	306	190,325	SH		SOLE		0	190,325	0
II VI INC COM	COM	902104108	8,476	123,980	SH		SOLE		0	121,455	2,525
INTEL CORP	COM	458140100	1,131	17,668	SH		SOLE		0	17,043	625
JOHNSON & JOHNSON	COM	478160104	8,300	50,505	SH		SOLE		0	49,835	670
JPMORGAN CHASE & CO COM	COM	46625H100	12,482	81,993	SH		SOLE		0	80,223	1,770
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	4,523	31,544	SH		SOLE		0	30,669	875
KIMBERLY CLARK CORP	COM	494368103	4,338	31,199	SH		SOLE		0	30,819	380
KRAFT HEINZ CO COM	COM	500754106	7,081	177,033	SH		SOLE		0	173,658	3,375
LAMB WESTON HLDGS INC COM	COM	513272104	634	8,177	SH		SOLE		0	7,777	400
LAS VEGAS SANDS CORP COM	COM	517834107	5,006	82,395	SH		SOLE		0	80,970	1,425
LEVI STRAUSS & CO NEW CL A COM	COM	52736R102	328	13,700	SH		SOLE		0	13,700	0
LKQ CORP COM	COM	501889208	8,856	209,222	SH		SOLE		0	206,232	2,990
LOWES COS INC CO	COM	548661107	3,008	15,815	SH		SOLE		0	14,955	860
LUMENTUM HLDGS INC COM	COM	55024U109	1,644	18,000	SH		SOLE		0	18,000	0
MASCO CORP COM	COM	574599106	319	5,332	SH		SOLE		0	5,332	0
MASTEC INC COM	COM	576323109	805	8,590	SH		SOLE		0	8,590	0
MAXIM INTEGRATED PRODUCTS	COM	57772K101	814	8,908	SH		SOLE		0	8,908	0
MCKESSON CORP	COM	58155q103	6,667	34,183	SH		SOLE		0	33,803	380
MDU RESOURCES GROUP INC	COM	552690109	335	10,600	SH		SOLE		0	10,600	0
MERCK & CO INC NEW COM	COM	58933Y105	2,392	31,023	SH		SOLE		0	31,023	0
METTLER TOLEDO INTL COM	COM	592688105	260	225	SH		SOLE		0	225	0
MGE ENERGY INC COM	COM	55277P104	372	5,215	SH		SOLE		0	5,215	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	5,064	85,618	SH		SOLE		0	83,618	2,000
MICROSOFT CORP	COM	594918104	19,799	83,975	SH		SOLE		0	79,835	4,140
MIMEDX GROUP INC COM	COM	602496101	2,555	248,040	SH		SOLE		0	238,185	9,855
MOLSON COORS BEVERAGE CO	COM	60871R209	3,481	68,054	SH		SOLE		0	67,344	710
MUELLER WTR PRODS INC COM SER	COM	624758108	442	31,825	SH		SOLE		0	31,825	0
NEUROCRINE BIOSCIENCES INC COM	COM	64125C109	431	4,430	SH		SOLE		0	4,430	0
NEWELL BRANDS INC.	COM	651229106	5,076	189,560	SH		SOLE		0	186,127	3,433
NMI HLDGS INC CL A	COM	629209305	327	13,845	SH		SOLE		0	13,845	0
NORTHERN TRUST CORP	COM	665859104	6,316	60,086	SH		SOLE		0	59,506	580
ONEOK INC NEW COM	COM	682680103	223	4,407	SH		SOLE		0	4,407	0
ORACLE CORP	COM	68389X105	6,565	93,562	SH		SOLE		0	91,997	1,565
OSHKOSH CORPORATION	COM	688239201	3,593	30,284	SH		SOLE		0	29,869	415
PAYPAL HLDGS INC COM	COM	70450Y103	5,941	24,463	SH		SOLE		0	24,133	330
PEPSICO INC	COM	713448108	3,447	24,371	SH		SOLE		0	23,484	887
PERFORMANCE FOOD GROUP CO COM	COM	71377A103	4,190	72,726	SH		SOLE		0	70,551	2,175
PFIZER INC	COM	717081103	3,387	93,484	SH		SOLE		0	92,772	712
PHILIP MORRIS INTL INC COM	COM	718172109	215	2,424	SH		SOLE		0	2,224	200
PIONEER NAT RES CO COM	COM	723787107	2,189	13,785	SH		SOLE		0	13,785	0
PNC FINL SVCS GROUP COM	COM	693475105	4,657	26,547	SH		SOLE		0	26,177	370
PREMIER INC CL A	COM	74051N102	671	19,830	SH		SOLE		0	19,830	0
PROCTER & GAMBLE COMPANY	COM	742718109	4,470	33,007	SH		SOLE		0	33,007	0
PURE STORAGE INC CL A	COM	74624M102	453	21,025	SH		SOLE		0	21,025	0
QUALCOMM INC	COM	747525103	12,161	91,722	SH		SOLE		0	89,677	2,045
REGAL BELOIT CORP COM	COM	758750103	3,719	26,066	SH		SOLE		0	25,191	875
REGIONS FINANCIAL CORP COM	COM	7591EP100	363	17,585	SH		SOLE		0	17,585	0
RESMED INC COM	COM	761152107	747	3,850	SH		SOLE		0	3,850	0
REV GROUP INC COM	COM	749527107	766	39,995	SH		SOLE		0	39,995	0
SALESFORCE COM INC COM	COM	79466L302	213	1,003	SH		SOLE		0	1,003	0
SCHEIN HENRY INC CO	COM	806407102	864	12,480	SH		SOLE		0	12,480	0
SCHWAB (CHARLES) CORP	COM	808513105	2,944	45,172	SH		SOLE		0	45,172	0
SEALED AIR CORP	COM	81211K100	2,298	50,148	SH		SOLE		0	49,088	1,060
SKECHERS U S A INC CL A	COM	830566105	5,366	128,642	SH		SOLE		0	125,612	3,030
SMITH A O COM	COM	831865209	3,676	54,372	SH		SOLE		0	52,417	1,955
SOUTHERN CO COM	COM	842587107	276	4,441	SH		SOLE		0	4,441	0
SPX CORP COM	COM	784635104	262	4,495	SH		SOLE		0	4,495	0
SPX FLOW INC COM	COM	78469X107	877	13,845	SH		SOLE		0	13,845	0
SS&C TECHNOLOGIES HLDGS INC CO	COM	78467J100	3,069	43,931	SH		SOLE		0	43,131	800
STARBUCKS CORP CO	COM	855244109	1,246	11,404	SH		SOLE		0	11,404	0
STATE STREET CORP	COM	857477103	8,374	99,681	SH		SOLE		0	98,736	945
STEELCASE INC CL A	COM	858155203	3,194	221,979	SH		SOLE		0	217,804	4,175
SYSCO CORPORATION	COM	871829107	4,391	55,771	SH		SOLE		0	55,321	450
T ROWE PRICE GROUP INC	COM	74144t108	463	2,700	SH		SOLE		0	2,700	0
TAKE-TWO INTERACTIVE COM	COM	874054109	384	2,175	SH		SOLE		0	2,175	0
TARGET CORP	COM	87612e106	6,102	30,807	SH		SOLE		0	30,332	475
TESLA INC	COM	88160R101	816	1,222	SH		SOLE		0	1,222	0
TOPBUILD CORP COM	COM	89055F103	2,114	10,096	SH		SOLE		0	9,796	300
TRUIST FINANCIAL CORP	COM	89832q109	1,532	26,268	SH		SOLE		0	26,268	0
TYSON FOODS INC CL A	COM	902494103	213	2,864	SH		SOLE		0	2,864	0
UNITEDHEALTH GROUP INC	COM	91324P102	5,738	15,423	SH		SOLE		0	15,243	180
UNIVERSAL HLTH SVCS INC CL B	COM	913903100	520	3,900	SH		SOLE		0	3,900	0
URBAN OUTFITTERS INC COM	COM	917047102	3,374	90,721	SH		SOLE		0	88,551	2,170
VERIZON COMMUNICATIONS	COM	92343V104	243	4,181	SH		SOLE		0	4,181	0
VIACOMCBS	COM	92556H206	9,192	203,805	SH		SOLE		0	200,360	3,445
VIATRIS	COM	92556V106	3,347	239,575	SH		SOLE		0	235,088	4,487
VIAVI SOLUTIONS INC COM	COM	925550105	4,310	274,546	SH		SOLE		0	269,306	5,240
VISA INC COM CL A	COM	92826C839	4,124	19,477	SH		SOLE		0	19,197	280
WABTEC CORP COM	COM	929740108	4,531	57,236	SH		SOLE		0	55,884	1,352
WALGREENS BOOTS ALLIANCE INC	COM	931427108	13,416	244,367	SH		SOLE		0	239,192	5,175
WALGREENS BOOTS ALLIANCE INC	COM	931427108	9	170	SH		DFND		0	170	0
WEC ENERGY GROUP INC COM	COM	92939U106	203	2,169	SH		SOLE		0	2,169	0
WELLS FARGO NEW	COM	949746101	5,061	129,525	SH		SOLE		0	127,600	1,925
WILLSCOT MOBIL MINI HLDNG CORP	COM	971378104	756	27,241	SH		SOLE		0	27,241	0
XCEL ENERGY INC	COM	98389B100	233	3,499	SH		SOLE		0	3,499	0
XILINX INC	COM	983919101	273	2,200	SH		SOLE		0	2,200	0
ZIONS BANCORPORATION NA	COM	989701107	5,402	98,288	SH		SOLE		0	97,268	1,020
ENTERPRISE PRODS PARTN COM	COM	293792107	254	11,527	SH		SOLE		0	10,522	1,005
ANNALY MTG MGMT INC COM	COM	035710409	866	100,750	SH		SOLE		0	100,750	0
AVALONBAY CMNTYS INC COM	COM	053484101	341	1,846	SH		SOLE		0	1,846	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	553	53,695	SH		SOLE		0	53,695	0
HOST HOTELS&RESORTS COM	COM	44107P104	423	25,090	SH		SOLE		0	25,090	0
IRON MTN INC NEW COM	COM	46284V101	985	26,614	SH		SOLE		0	26,614	0
KIMCO RLTY CORP COM	COM	49446R109	3,311	176,583	SH		SOLE		0	172,393	4,190
SERVICE PPTYS TR COM SH BEN IN	COM	81761L102	346	29,205	SH		SOLE		0	29,205	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	5,462	48,012	SH		SOLE		0	47,212	800
ARES CAPITAL CORP	CONV	04010lat0	216	210,000	PRN		SOLE		0	210,000	0
COLONY CAP INC	CONV	19624raa4	19,343	19,225,000	PRN		SOLE		0	19,225,000	0
HOPE BANCORP INC	CONV	43940tab5	25,255	25,750,000	PRN		SOLE		0	25,750,000	0
ISHARES MSCI EMERGING MKT ETF	COM	464287234	201	3,770	SH		SOLE		0	3,770	0
SCHWAB STRATEGIC TR EMRG MKTEQ	COM	808524706	1,387	43,632	SH		SOLE		0	43,149	483
SCHWAB STRATEGIC TR INTL EQTY	COM	808524805	1,244	33,060	SH		SOLE		0	33,060	0
SPDR INDEX SHS FDS MSCI EAFE S	COM	78463X434	235	3,260	SH		SOLE		0	3,119	141
ISHARES S&P MIDCAP 400 VALUE E	COM	464287705	813	7,972	SH		SOLE		0	7,972	0
ISHARES S&P SMLCP 600 VALUE ET	COM	464287879	513	5,091	SH		SOLE		0	5,091	0
ISHARES TR S&P500/BAR VAL	COM	464287408	908	6,426	SH		SOLE		0	6,426	0
SCHWAB STRATEGIC TR US LCAP VA	COM	808524409	403	6,166	SH		SOLE		0	4,229	1,937
SPDR SERIES TRUST PRTFLO S&P50	COM	78464A508	250	6,587	SH		SOLE		0	6,522	65
SPDR SERIES TRUST S&P 400 MDCP	COM	78464A839	358	5,471	SH		SOLE		0	4,586	885
SPDR SERIES TRUST S&P 600 SMCP	COM	78464A300	358	4,365	SH		SOLE		0	3,776	589
VANGUARD SCOTTSDALE FDS SHRT T	COM	92206C409	1,035	12,541	SH		SOLE		0	9,255	3,286