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
AON PLC SHS CL A	ADR	G0403H108	572	2,000	SH		SOLE		0	2,000	0
ASTRAZENECA PLC SPONSORED ADR	ADR	046353108	628	10,450	SH		SOLE		0	10,450	0
BANK OF MONTREAL	ADR	063671101	334	3,347	SH		SOLE		0	3,347	0
BAUSCH HEALTH COS INC COM	ADR	071734107	4,012	144,052	SH		SOLE		0	140,532	3,520
CAMECO CORP COM	ADR	13321L108	300	13,800	SH		SOLE		0	13,800	0
COLLIERS INTL GROUP INC SUB VT	ADR	194693107	2,120	16,600	SH		SOLE		0	16,600	0
FIRSTSERVICE CORP NEW COM	ADR	33767E202	526	2,915	SH		SOLE		0	2,915	0
INFINEON TECHNOLOGIES AG SPONS	ADR	45662N103	3,717	90,360	SH		SOLE		0	87,610	2,750
JAZZ PHARMACEUTICALS PLC SHS U	ADR	G50871105	1,057	8,120	SH		SOLE		0	8,120	0
KORNIT DIGITAL LTD SHS	ADR	M6372Q113	436	3,015	SH		SOLE		0	3,015	0
LUNDIN MINING CORP COM	ADR	550372106	117	16,350	SH		SOLE		0	16,350	0
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	8,280	42,272	SH		SOLE		0	41,059	1,213
SCHLUMBERGER	ADR	806857108	2,684	90,556	SH		SOLE		0	88,803	1,753
TRANE TECHNOLOGIES PLC SHS	ADR	G8994E103	523	3,030	SH		SOLE		0	3,030	0
3M CO COM	COM	88579Y101	1,525	8,696	SH		SOLE		0	8,696	0
ABBOTT LABS	COM	002824100	1,254	10,612	SH		SOLE		0	10,612	0
ABBVIE INC. COM	COM	00287Y109	6,248	57,923	SH		SOLE		0	56,666	1,257
ACADIA HEALTHCARE COMPANY INC	COM	00404A109	814	12,760	SH		SOLE		0	12,760	0
ACCELERATE DIAGNOSTICS INC COM	COM	00430H102	483	82,900	SH		SOLE		0	82,900	0
ADOBE INC	COM	00724F101	629	1,092	SH		SOLE		0	1,092	0
AERIE PHARMACEUTICALS INC COM	COM	00771V108	618	54,212	SH		SOLE		0	54,212	0
ALLIANCE DATA SYS CORP COM	COM	018581108	12,624	125,129	SH		SOLE		0	123,267	1,862
ALPHABET INC CAP STK CL A	COM	02079K305	23,861	8,925	SH		SOLE		0	8,759	166
ALPHABET INC CAP STK CL C	COM	02079K107	389	146	SH		SOLE		0	146	0
AMAZON COM INC CO	COM	023135106	650	198	SH		SOLE		0	198	0
AMERICAN EXPRESS CO	COM	025816109	1,190	7,105	SH		SOLE		0	7,105	0
AMERIPRISE FINL INC COM	COM	03076C106	304	1,152	SH		SOLE		0	1,152	0
AMGEN INC	COM	031162100	4,249	19,981	SH		SOLE		0	19,742	239
AMN HEALTHCARE SVCS INC COM	COM	001744101	878	7,650	SH		SOLE		0	7,650	0
ANALOG DEVICES INC COM	COM	032654105	1,202	7,177	SH		SOLE		0	7,177	0
APPLE INC COM	COM	037833100	6,440	45,510	SH		SOLE		0	44,642	868
ASSOCIATED BANCORP	COM	045487105	1,257	58,665	SH		SOLE		0	58,665	0
AT&T INC COM	COM	00206R102	302	11,197	SH		SOLE		0	11,197	0
AUTOMATIC DATA PROCESSING	COM	053015103	217	1,087	SH		SOLE		0	87	1,000
BANK FIRST CORPORATION	COM	06211J100	503	7,101	SH		SOLE		0	7,101	0
BANK OF AMERICA	COM	060505104	14,345	337,928	SH		SOLE		0	330,406	7,522
BED BATH & BEYOND INC COM	COM	075896100	1,930	111,694	SH		SOLE		0	110,263	1,431
BERRY GLOBAL GROUP INC COM	COM	08579W103	3,818	62,711	SH		SOLE		0	61,581	1,130
BLACK KNIGHT INC COM	COM	09215C105	793	11,015	SH		SOLE		0	10,612	403
BOEING CO	COM	097023105	4,319	19,636	SH		SOLE		0	19,636	0
BRISTOL MYERS SQUIBB CO	COM	110122108	8,099	136,874	SH		SOLE		0	134,714	2,160
CALIX INC COM	COM	13100M509	346	7,000	SH		SOLE		0	7,000	0
CALLAWAY GOLF CO CO	COM	131193104	3,529	127,732	SH		SOLE		0	125,436	2,296
CHENIERE ENERGY INC COM NEW	COM	16411R208	698	7,145	SH		SOLE		0	7,145	0
CHEVRON CORP NEW COM	COM	166764100	3,793	37,386	SH		SOLE		0	36,471	915
CIGNA CORP NEW COM	COM	125523100	4,697	23,468	SH		SOLE		0	23,096	372
CISCO SYSTEMS INC	COM	17275R102	10,260	188,501	SH		SOLE		0	184,028	4,473
CITIGROUP INC COM NEW	COM	172967424	10,742	153,058	SH		SOLE		0	150,132	2,926
CITIGROUP INC COM NEW	COM	172967424	11	151	SH		DFND		0	151	0
CITIZENS FINANCIAL GROUP INC C	COM	174610105	6,049	128,757	SH		SOLE		0	125,786	2,971
COCA COLA CO	COM	191216100	1,812	34,538	SH		SOLE		0	34,538	0
COGNEX CORP COM	COM	192422103	802	10,000	SH		SOLE		0	10,000	0
COLGATE PALMOLIVE CO	COM	194162103	232	3,070	SH		SOLE		0	3,070	0
CORNING INC	COM	219350105	4,964	136,042	SH		SOLE		0	132,912	3,130
COSTCO WHOLESALE CORP	COM	22160K105	336	747	SH		SOLE		0	747	0
CROWN HOLDINGS INC COM	COM	228368106	3,439	34,126	SH		SOLE		0	33,458	668
CVS HEALTH CORP COM	COM	126650100	8,447	99,541	SH		SOLE		0	98,320	1,221
DARDEN RESTAURANTS INC.	COM	237194105	321	2,118	SH		SOLE		0	1,793	325
DEVON ENERGY CORP NEW	COM	25179M103	226	6,360	SH		SOLE		0	6,060	300
DISCOVER FINL SVCS COM	COM	254709108	6,026	49,055	SH		SOLE		0	48,469	586
DISCOVERY COMMUN NEW COM SER A	COM	25470F104	6,466	254,774	SH		SOLE		0	252,417	2,357
DISNEY WALT PRODTNS	COM	254687106	998	5,901	SH		SOLE		0	5,731	170
DULUTH HLDGS INC COM CL B	COM	26443V101	747	54,825	SH		SOLE		0	54,825	0
EBAY INC COM	COM	278642103	7,143	102,520	SH		SOLE		0	100,611	1,909
ELECTRONIC ARTS INC COM	COM	285512109	1,849	13,000	SH		SOLE		0	13,000	0
ENERGIZER HLDGS INC NEW COM	COM	29272W109	2,976	76,221	SH		SOLE		0	74,295	1,926
EVOQUA WATER TECHNOLOGIES CORP	COM	30057T105	883	23,500	SH		SOLE		0	23,500	0
EXACT SCIENCES CORP COM	COM	30063P105	10,915	114,350	SH		SOLE		0	112,061	2,289
EXXON MOBIL CORP COM	COM	30231G102	11,203	190,456	SH		SOLE		0	188,180	2,276
FACEBOOK INC CL A	COM	30303M102	9,130	26,902	SH		SOLE		0	26,344	558
FARMERS & MERCHANTS BK COM	COM	308243104	902	111	SH		SOLE		0	0	111
FEDEX CORP COM	COM	31428X106	5,038	22,976	SH		SOLE		0	22,422	554
FIDELITY NATIONAL FINANCIAL IN	COM	31620R303	4,946	109,096	SH		SOLE		0	107,055	2,041
FIRST HORIZON CORP	COM	320517105	4,540	278,695	SH		SOLE		0	273,921	4,774
FISERV INC	COM	337738108	7,732	71,263	SH		SOLE		0	69,883	1,380
FLAGSTAR BANCORP INC COM PAR .	COM	337930705	812	16,000	SH		SOLE		0	16,000	0
FREEPORT-MCMORAN INC	COM	35671D857	7,340	225,651	SH		SOLE		0	219,019	6,632
GENERAL DYNAMICS CORP COM	COM	369550108	1,813	9,251	SH		SOLE		0	9,251	0
GENERAL ELECTRIC CO COM NEW	COM	369604301	13,843	134,363	SH		SOLE		0	131,667	2,696
GOLDMAN SACHS GROUP INC	COM	38141G104	1,777	4,701	SH		SOLE		0	4,701	0
HANESBRANDS INC COM	COM	410345102	586	34,155	SH		SOLE		0	34,155	0
HANGER INC COM NEW	COM	41043F208	3,472	158,115	SH		SOLE		0	153,749	4,366
HCA HEALTHCARE INC COM	COM	40412C101	1,863	7,675	SH		SOLE		0	7,675	0
HILLENBRAND INC COM	COM	431571108	629	14,750	SH		SOLE		0	14,750	0
HONEYWELL INTERNATIONAL INC.	COM	438516106	248	1,166	SH		SOLE		0	1,166	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	580	164,325	SH		SOLE		0	164,325	0
II VI INC COM	COM	902104108	8,321	140,183	SH		SOLE		0	137,594	2,589
INTEL CORP	COM	458140100	887	16,648	SH		SOLE		0	16,023	625
JOHNSON & JOHNSON	COM	478160104	8,676	53,720	SH		SOLE		0	53,027	693
JPMORGAN CHASE & CO COM	COM	46625H100	13,102	80,040	SH		SOLE		0	78,245	1,795
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	4,966	30,226	SH		SOLE		0	29,340	886
KIMBERLY CLARK CORP	COM	494368103	5,658	42,721	SH		SOLE		0	42,251	470
KRAFT HEINZ CO COM	COM	500754106	6,677	181,352	SH		SOLE		0	178,071	3,281
LAMB WESTON HLDGS INC COM	COM	513272104	207	3,377	SH		SOLE		0	2,977	400
LAS VEGAS SANDS CORP COM	COM	517834107	5,975	163,258	SH		SOLE		0	160,438	2,820
LEVI STRAUSS & CO NEW CL A COM	COM	52736R102	336	13,700	SH		SOLE		0	13,700	0
LKQ CORP COM	COM	501889208	9,925	197,242	SH		SOLE		0	194,394	2,848
LOWES COS INC CO	COM	548661107	3,183	15,690	SH		SOLE		0	14,820	870
LUMENTUM HLDGS INC COM	COM	55024U109	1,462	17,500	SH		SOLE		0	17,500	0
MARVELL TECHNOLOGY GROUP LTD C	COM	573874104	793	13,150	SH		SOLE		0	13,150	0
MASCO CORP COM	COM	574599106	304	5,481	SH		SOLE		0	5,481	0
MASTEC INC COM	COM	576323109	741	8,590	SH		SOLE		0	8,590	0
MCKESSON CORP	COM	58155q103	6,867	34,442	SH		SOLE		0	34,027	415
MDU RESOURCES GROUP INC	COM	552690109	315	10,600	SH		SOLE		0	10,600	0
MERCK & CO INC NEW COM	COM	58933Y105	2,664	35,463	SH		SOLE		0	35,463	0
METTLER TOLEDO INTL COM	COM	592688105	310	225	SH		SOLE		0	225	0
MGE ENERGY INC COM	COM	55277P104	329	4,470	SH		SOLE		0	4,470	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	4,143	63,637	SH		SOLE		0	61,606	2,031
MICROSOFT CORP	COM	594918104	22,917	81,290	SH		SOLE		0	77,127	4,163
MIMEDX GROUP INC COM	COM	602496101	628	103,689	SH		SOLE		0	100,539	3,150
MOLSON COORS BEVERAGE CO	COM	60871R209	3,390	73,095	SH		SOLE		0	72,217	878
MUELLER WTR PRODS INC COM SER	COM	624758108	472	31,025	SH		SOLE		0	31,025	0
NEUROCRINE BIOSCIENCES INC COM	COM	64125C109	665	6,930	SH		SOLE		0	6,930	0
NEWELL BRANDS INC.	COM	651229106	3,952	178,513	SH		SOLE		0	175,000	3,513
NMI HLDGS INC CL A	COM	629209305	313	13,845	SH		SOLE		0	13,845	0
NOODLES & CO COM CL A	COM	65540B105	618	52,332	SH		SOLE		0	52,332	0
NORTHERN TRUST CORP	COM	665859104	6,493	60,228	SH		SOLE		0	59,631	597
ONEOK INC NEW COM	COM	682680103	256	4,407	SH		SOLE		0	4,407	0
ORACLE CORP	COM	68389X105	7,300	83,778	SH		SOLE		0	82,390	1,388
OSHKOSH CORPORATION	COM	688239201	3,143	30,700	SH		SOLE		0	30,268	432
PAYPAL HLDGS INC COM	COM	70450Y103	6,187	23,777	SH		SOLE		0	23,500	277
PEPSICO INC	COM	713448108	3,625	24,104	SH		SOLE		0	23,184	920
PERFORMANCE FOOD GROUP CO COM	COM	71377A103	6,521	140,349	SH		SOLE		0	137,286	3,063
PFIZER INC	COM	717081103	4,374	101,689	SH		SOLE		0	100,977	712
PIONEER NAT RES CO COM	COM	723787107	614	3,685	SH		SOLE		0	3,685	0
PNC FINL SVCS GROUP COM	COM	693475105	5,162	26,384	SH		SOLE		0	26,003	381
PREMIER INC CL A	COM	74051N102	885	22,830	SH		SOLE		0	22,830	0
PROCTER & GAMBLE COMPANY	COM	742718109	4,397	31,449	SH		SOLE		0	31,449	0
PURE STORAGE INC CL A	COM	74624M102	529	21,025	SH		SOLE		0	21,025	0
QUALCOMM INC	COM	747525103	11,865	91,989	SH		SOLE		0	89,909	2,080
REGAL REXNORD CORP	COM	758750103	3,930	26,138	SH		SOLE		0	25,250	888
REGIONS FINANCIAL CORP COM	COM	7591EP100	375	17,585	SH		SOLE		0	17,585	0
RESMED INC COM	COM	761152107	777	2,950	SH		SOLE		0	2,950	0
REV GROUP INC COM	COM	749527107	686	39,995	SH		SOLE		0	39,995	0
SALESFORCE COM INC COM	COM	79466L302	273	1,006	SH		SOLE		0	1,006	0
SCHEIN HENRY INC CO	COM	806407102	950	12,480	SH		SOLE		0	12,480	0
SCHWAB (CHARLES) CORP	COM	808513105	3,011	41,337	SH		SOLE		0	41,337	0
SEALED AIR CORP	COM	81211K100	2,722	49,673	SH		SOLE		0	48,580	1,093
SKECHERS U S A INC CL A	COM	830566105	3,785	89,868	SH		SOLE		0	87,589	2,279
SMITH A O COM	COM	831865209	3,293	53,919	SH		SOLE		0	51,936	1,983
SOUTHERN CO COM	COM	842587107	261	4,216	SH		SOLE		0	4,216	0
SPX CORP COM	COM	784635104	240	4,495	SH		SOLE		0	4,495	0
SPX FLOW INC COM	COM	78469X107	875	11,970	SH		SOLE		0	11,970	0
SS&C TECHNOLOGIES HLDGS INC CO	COM	78467J100	3,308	47,665	SH		SOLE		0	46,838	827
STARBUCKS CORP CO	COM	855244109	1,265	11,465	SH		SOLE		0	11,465	0
STATE STREET CORP	COM	857477103	8,530	100,688	SH		SOLE		0	99,635	1,053
STEELCASE INC CL A	COM	858155203	3,025	238,561	SH		SOLE		0	234,243	4,318
SYSCO CORPORATION	COM	871829107	706	8,999	SH		SOLE		0	8,549	450
T ROWE PRICE GROUP INC	COM	74144t108	486	2,470	SH		SOLE		0	2,470	0
TAKE-TWO INTERACTIVE COM	COM	874054109	636	4,125	SH		SOLE		0	4,125	0
TARGET CORP	COM	87612e106	6,180	27,015	SH		SOLE		0	26,602	413
TESLA INC	COM	88160R101	941	1,214	SH		SOLE		0	1,214	0
TOPBUILD CORP COM	COM	89055F103	2,061	10,065	SH		SOLE		0	9,765	300
TRUIST FINANCIAL CORP	COM	89832q109	1,546	26,361	SH		SOLE		0	26,361	0
TYSON FOODS INC CL A	COM	902494103	219	2,779	SH		SOLE		0	2,779	0
UNITEDHEALTH GROUP INC	COM	91324P102	6,531	16,713	SH		SOLE		0	16,528	185
UNIVERSAL HLTH SVCS INC CL B	COM	913903100	540	3,900	SH		SOLE		0	3,900	0
URBAN OUTFITTERS INC COM	COM	917047102	2,623	88,356	SH		SOLE		0	86,552	1,804
VERIZON COMMUNICATIONS	COM	92343V104	223	4,124	SH		SOLE		0	4,124	0
VIACOMCBS	COM	92556H206	8,669	219,425	SH		SOLE		0	215,830	3,595
VIATRIS	COM	92556V106	5,880	433,951	SH		SOLE		0	426,503	7,448
VIAVI SOLUTIONS INC COM	COM	925550105	4,312	273,930	SH		SOLE		0	268,568	5,362
VISA INC COM CL A	COM	92826C839	4,312	19,360	SH		SOLE		0	19,071	289
WABTEC CORP COM	COM	929740108	4,943	57,334	SH		SOLE		0	55,930	1,404
WALGREENS BOOTS ALLIANCE INC	COM	931427108	11,718	249,056	SH		SOLE		0	243,698	5,358
WALGREENS BOOTS ALLIANCE INC	COM	931427108	9	181	SH		DFND		0	181	0
WELLS FARGO NEW	COM	949746101	5,626	121,231	SH		SOLE		0	119,114	2,117
WILLSCOT MOBIL MINI HLDNG CORP	COM	971378104	785	24,741	SH		SOLE		0	24,741	0
XCEL ENERGY INC	COM	98389B100	219	3,499	SH		SOLE		0	3,499	0
ZIONS BANCORPORATION NA	COM	989701107	5,944	96,046	SH		SOLE		0	94,991	1,055
ENTERPRISE PRODS PARTN COM	COM	293792107	249	11,527	SH		SOLE		0	10,522	1,005
ANNALY MTG MGMT INC COM	COM	035710409	902	107,118	SH		SOLE		0	107,118	0
AVALONBAY CMNTYS INC COM	COM	053484101	231	1,044	SH		SOLE		0	1,044	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	511	54,072	SH		SOLE		0	54,072	0
HOST HOTELS&RESORTS COM	COM	44107P104	470	28,751	SH		SOLE		0	28,751	0
IRON MTN INC NEW COM	COM	46284V101	1,136	26,139	SH		SOLE		0	26,139	0
KIMCO RLTY CORP COM	COM	49446R109	650	31,310	SH		SOLE		0	30,240	1,070
SERVICE PPTYS TR COM SH BEN IN	COM	81761L102	473	42,205	SH		SOLE		0	42,205	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	5,501	42,328	SH		SOLE		0	41,473	855
BLACKSTONE MORTGAGE TRUST INC	CONV	09257wab6	228	225,000	PRN		SOLE		0	225,000	0
DIGITALBRIDGE GR	CONV	19624raa4	19,595	19,225,000	PRN		SOLE		0	19,225,000	0
FEDNAT HLDG CO	CONV	31431bad1	5,000	5,000,000	PRN		SOLE		0	5,000,000	0
GOLDMAN SACHS BDC INC	CONV	38147uab3	10,150	10,000,000	PRN		SOLE		0	10,000,000	0
HOPE BANCORP INC	CONV	43940tab5	25,571	25,750,000	PRN		SOLE		0	25,750,000	0
ISHARES MSCI EMERGING MKT ETF	COM	464287234	205	4,070	SH		SOLE		0	4,070	0
SCHWAB STRATEGIC TR EMRG MKTEQ	COM	808524706	1,351	44,323	SH		SOLE		0	44,323	0
SCHWAB STRATEGIC TR INTL EQTY	COM	808524805	1,264	32,660	SH		SOLE		0	32,660	0
SPDR INDEX SHS FDS MSCI EAFE S	COM	78463X434	237	3,151	SH		SOLE		0	3,138	13
ISHARES S&P MIDCAP 400 VALUE E	COM	464287705	787	7,641	SH		SOLE		0	7,641	0
ISHARES S&P SMLCP 600 VALUE ET	COM	464287879	482	4,788	SH		SOLE		0	4,788	0
ISHARES TR S&P500/BAR VAL	COM	464287408	922	6,343	SH		SOLE		0	6,343	0
SCHWAB STRATEGIC TR US LCAP VA	COM	808524409	437	6,476	SH		SOLE		0	6,476	0
SPDR SERIES TRUST PRTFLO S&P50	COM	78464A508	291	7,473	SH		SOLE		0	7,397	76
SPDR SERIES TRUST S&P 400 MDCP	COM	78464A839	382	5,763	SH		SOLE		0	5,724	39
SPDR SERIES TRUST S&P 600 SMCP	COM	78464A300	335	4,084	SH		SOLE		0	4,065	19
VANGUARD SCOTTSDALE FDS SHRT T	COM	92206C409	1,144	13,878	SH		SOLE		0	13,878	0