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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	601	2,000	SH		SOLE		0	2,000	0
ASTRAZENECA PLC SPONSORED ADR	ADR	046353108	568	9,750	SH		SOLE		0	9,750	0
BANK OF MONTREAL	ADR	063671101	352	3,269	SH		SOLE		0	3,269	0
BAUSCH HEALTH COS INC COM	ADR	071734107	3,937	142,580	SH		SOLE		0	139,060	3,520
CAMECO CORP COM	ADR	13321L108	270	12,400	SH		SOLE		0	12,400	0
COLLIERS INTL GROUP INC SUB VT	ADR	194693107	2,371	15,950	SH		SOLE		0	15,950	0
FIRSTSERVICE CORP NEW COM	ADR	33767E202	553	2,815	SH		SOLE		0	2,815	0
INFINEON TECHNOLOGIES AG SPONS	ADR	45662N103	4,048	87,990	SH		SOLE		0	85,240	2,750
JAZZ PHARMACEUTICALS PLC SHS U	ADR	G50871105	1,063	8,345	SH		SOLE		0	8,345	0
KORNIT DIGITAL LTD SHS	ADR	M6372Q113	398	2,615	SH		SOLE		0	2,615	0
LUNDIN MINING CORP COM	ADR	550372106	128	16,350	SH		SOLE		0	16,350	0
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	9,487	41,649	SH		SOLE		0	40,436	1,213
SCHLUMBERGER	ADR	806857108	2,555	85,305	SH		SOLE		0	83,802	1,503
TRANE TECHNOLOGIES PLC SHS	ADR	G8994E103	597	2,955	SH		SOLE		0	2,955	0
3M CO COM	COM	88579Y101	1,545	8,696	SH		SOLE		0	8,696	0
ABBOTT LABS	COM	002824100	1,494	10,613	SH		SOLE		0	10,613	0
ABBVIE INC. COM	COM	00287Y109	7,008	51,759	SH		SOLE		0	50,502	1,257
ACADIA HEALTHCARE COMPANY INC	COM	00404A109	744	12,260	SH		SOLE		0	12,260	0
ACCELERATE DIAGNOSTICS INC COM	COM	00430H102	595	113,900	SH		SOLE		0	113,900	0
ACTIVISION BLIZZARD INC	COM	00507v109	1,830	27,500	SH		SOLE		0	27,500	0
ADOBE INC	COM	00724F101	603	1,064	SH		SOLE		0	1,064	0
AERIE PHARMACEUTICALS INC COM	COM	00771V108	524	74,712	SH		SOLE		0	74,712	0
ALLIANCE DATA SYS CORP COM	COM	018581108	9,339	140,290	SH		SOLE		0	138,203	2,087
ALPHABET INC CAP STK CL A	COM	02079K305	24,845	8,576	SH		SOLE		0	8,415	161
ALPHABET INC CAP STK CL C	COM	02079K107	373	129	SH		SOLE		0	129	0
AMAZON COM INC CO	COM	023135106	587	176	SH		SOLE		0	176	0
AMERICAN EXPRESS CO	COM	025816109	1,064	6,505	SH		SOLE		0	6,505	0
AMERIPRISE FINL INC COM	COM	03076C106	348	1,152	SH		SOLE		0	1,152	0
AMGEN INC	COM	031162100	4,780	21,247	SH		SOLE		0	20,958	289
AMN HEALTHCARE SVCS INC COM	COM	001744101	875	7,150	SH		SOLE		0	7,150	0
ANALOG DEVICES INC COM	COM	032654105	1,276	7,257	SH		SOLE		0	7,257	0
APPLE INC COM	COM	037833100	7,952	44,784	SH		SOLE		0	43,916	868
ASSOCIATED BANCORP	COM	045487105	1,272	56,308	SH		SOLE		0	56,308	0
AT&T INC COM	COM	00206R102	271	11,022	SH		SOLE		0	11,022	0
AUTOMATIC DATA PROCESSING	COM	053015103	268	1,087	SH		SOLE		0	87	1,000
BANK FIRST CORPORATION	COM	06211J100	513	7,101	SH		SOLE		0	7,101	0
BANK OF AMERICA	COM	060505104	12,266	275,701	SH		SOLE		0	268,879	6,822
BED BATH & BEYOND INC COM	COM	075896100	1,761	120,760	SH		SOLE		0	119,329	1,431
BERRY GLOBAL GROUP INC COM	COM	08579W103	4,550	61,671	SH		SOLE		0	60,541	1,130
BEST BUY INC COM	COM	086516101	2,949	29,029	SH		SOLE		0	28,359	670
BLACK KNIGHT INC COM	COM	09215C105	902	10,882	SH		SOLE		0	10,479	403
BOEING CO	COM	097023105	3,923	19,486	SH		SOLE		0	19,486	0
BRISTOL MYERS SQUIBB CO	COM	110122108	9,683	155,299	SH		SOLE		0	153,139	2,160
CALIX INC COM	COM	13100M509	360	4,500	SH		SOLE		0	4,500	0
CALLAWAY GOLF CO CO	COM	131193104	3,618	131,839	SH		SOLE		0	129,543	2,296
CHENIERE ENERGY INC COM NEW	COM	16411R208	603	5,945	SH		SOLE		0	5,945	0
CHEVRON CORP NEW COM	COM	166764100	4,370	37,239	SH		SOLE		0	36,324	915
CIGNA CORP NEW COM	COM	125523100	5,731	24,957	SH		SOLE		0	24,585	372
CISCO SYSTEMS INC	COM	17275R102	11,564	182,489	SH		SOLE		0	178,016	4,473
CITIGROUP INC COM NEW	COM	172967424	9,371	155,174	SH		SOLE		0	152,248	2,926
CITIGROUP INC COM NEW	COM	172967424	9	151	SH		DFND		0	151	0
CITIZENS FINANCIAL GROUP INC C	COM	174610105	5,863	124,082	SH		SOLE		0	121,111	2,971
COCA COLA CO	COM	191216100	2,042	34,485	SH		SOLE		0	34,485	0
COGNEX CORP COM	COM	192422103	778	10,000	SH		SOLE		0	10,000	0
COLGATE PALMOLIVE CO	COM	194162103	262	3,070	SH		SOLE		0	3,070	0
CORNING INC	COM	219350105	5,129	137,776	SH		SOLE		0	134,646	3,130
COSTCO WHOLESALE CORP	COM	22160K105	424	747	SH		SOLE		0	747	0
CROWN HOLDINGS INC COM	COM	228368106	3,753	33,931	SH		SOLE		0	33,263	668
CVS HEALTH CORP COM	COM	126650100	10,155	98,435	SH		SOLE		0	97,214	1,221
DISCOVER FINL SVCS COM	COM	254709108	5,602	48,473	SH		SOLE		0	47,887	586
DISCOVERY COMMUN NEW COM SER A	COM	25470F104	7,162	304,243	SH		SOLE		0	301,461	2,782
DISNEY WALT PRODTNS	COM	254687106	888	5,736	SH		SOLE		0	5,566	170
DULUTH HLDGS INC COM CL B	COM	26443V101	802	52,825	SH		SOLE		0	52,825	0
EBAY INC COM	COM	278642103	7,021	105,578	SH		SOLE		0	103,669	1,909
ELECTRONIC ARTS INC COM	COM	285512109	1,791	13,575	SH		SOLE		0	13,575	0
ENERGIZER HLDGS INC NEW COM	COM	29272W109	3,289	82,012	SH		SOLE		0	79,961	2,051
EVOQUA WATER TECHNOLOGIES CORP	COM	30057T105	538	11,500	SH		SOLE		0	11,500	0
EXACT SCIENCES CORP COM	COM	30063P105	9,715	124,828	SH		SOLE		0	122,539	2,289
EXACT SCIENCES CORP COM	COM	30063P105	8	98	SH		DFND		0	98	0
EXXON MOBIL CORP COM	COM	30231G102	11,198	182,999	SH		SOLE		0	180,723	2,276
FARMERS & MERCHANTS BK COM	COM	308243104	891	111	SH		SOLE		0	0	111
FEDEX CORP COM	COM	31428X106	6,961	26,916	SH		SOLE		0	26,362	554
FIDELITY NATIONAL FINANCIAL IN	COM	31620R303	5,669	108,647	SH		SOLE		0	106,606	2,041
FIRST HORIZON CORP	COM	320517105	4,371	267,641	SH		SOLE		0	262,867	4,774
FISERV INC	COM	337738108	9,389	90,461	SH		SOLE		0	89,006	1,455
FLAGSTAR BANCORP INC COM PAR .	COM	337930705	623	13,000	SH		SOLE		0	13,000	0
FREEPORT-MCMORAN INC	COM	35671D857	9,390	225,026	SH		SOLE		0	218,394	6,632
GENERAL DYNAMICS CORP COM	COM	369550108	1,920	9,211	SH		SOLE		0	9,211	0
GENERAL ELECTRIC CO COM NEW	COM	369604301	12,715	134,591	SH		SOLE		0	131,895	2,696
GOLDMAN SACHS GROUP INC	COM	38141G104	1,798	4,701	SH		SOLE		0	4,701	0
HANESBRANDS INC COM	COM	410345102	646	38,655	SH		SOLE		0	38,655	0
HANGER INC COM NEW	COM	41043F208	3,265	180,107	SH		SOLE		0	175,741	4,366
HCA HEALTHCARE INC COM	COM	40412C101	1,972	7,675	SH		SOLE		0	7,675	0
HILLENBRAND INC COM	COM	431571108	606	11,650	SH		SOLE		0	11,650	0
HONEYWELL INTERNATIONAL INC.	COM	438516106	243	1,166	SH		SOLE		0	1,166	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	530	119,325	SH		SOLE		0	119,325	0
II VI INC COM	COM	902104108	10,141	148,415	SH		SOLE		0	145,826	2,589
INTEL CORP	COM	458140100	835	16,215	SH		SOLE		0	15,590	625
JOHNSON & JOHNSON	COM	478160104	9,233	53,971	SH		SOLE		0	53,278	693
JPMORGAN CHASE & CO COM	COM	46625H100	12,348	77,977	SH		SOLE		0	76,182	1,795
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	5,914	28,636	SH		SOLE		0	27,750	886
KIMBERLY CLARK CORP	COM	494368103	5,933	41,514	SH		SOLE		0	41,044	470
KRAFT HEINZ CO COM	COM	500754106	6,557	182,633	SH		SOLE		0	179,352	3,281
LAS VEGAS SANDS CORP COM	COM	517834107	6,556	174,189	SH		SOLE		0	171,369	2,820
LEVI STRAUSS & CO NEW CL A COM	COM	52736R102	343	13,700	SH		SOLE		0	13,700	0
LHC GROUP INC COM	COM	50187A107	652	4,750	SH		SOLE		0	4,750	0
LKQ CORP COM	COM	501889208	10,750	179,073	SH		SOLE		0	176,225	2,848
LOWES COS INC CO	COM	548661107	3,827	14,806	SH		SOLE		0	14,001	805
LOYALTY VENTURES INC COMMON ST	COM	54911Q107	1,508	50,139	SH		SOLE		0	49,395	744
LUMENTUM HLDGS INC COM	COM	55024U109	1,851	17,500	SH		SOLE		0	17,500	0
MARVELL TECHNOLOGY GROUP LTD C	COM	573874104	892	10,200	SH		SOLE		0	10,200	0
MASCO CORP COM	COM	574599106	380	5,413	SH		SOLE		0	5,413	0
MASTEC INC COM	COM	576323109	793	8,590	SH		SOLE		0	8,590	0
MCDONALDS CORP	COM	580135101	204	760	SH		SOLE		0	760	0
MCKESSON CORP	COM	58155q103	8,165	32,848	SH		SOLE		0	32,433	415
MDU RESOURCES GROUP INC	COM	552690109	327	10,600	SH		SOLE		0	10,600	0
MERCK & CO INC NEW COM	COM	58933Y105	2,718	35,463	SH		SOLE		0	35,463	0
META PLATFORMS	COM	30303M102	8,983	26,707	SH		SOLE		0	26,149	558
METTLER TOLEDO INTL COM	COM	592688105	382	225	SH		SOLE		0	225	0
MGE ENERGY INC COM	COM	55277P104	368	4,470	SH		SOLE		0	4,470	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	1,719	20,229	SH		SOLE		0	18,979	1,250
MICROSOFT CORP	COM	594918104	26,715	79,433	SH		SOLE		0	75,270	4,163
MIMEDX GROUP INC COM	COM	602496101	175	29,019	SH		SOLE		0	25,869	3,150
MOLSON COORS BEVERAGE CO	COM	60871R209	3,504	75,607	SH		SOLE		0	74,729	878
MUELLER WTR PRODS INC COM SER	COM	624758108	447	31,025	SH		SOLE		0	31,025	0
NEUROCRINE BIOSCIENCES INC COM	COM	64125C109	622	7,305	SH		SOLE		0	7,305	0
NEWELL BRANDS INC.	COM	651229106	3,956	181,119	SH		SOLE		0	177,606	3,513
NMI HLDGS INC CL A	COM	629209305	301	13,797	SH		SOLE		0	13,797	0
NOODLES & CO COM CL A	COM	65540B105	602	66,332	SH		SOLE		0	66,332	0
NORTHERN TRUST CORP	COM	665859104	7,159	59,849	SH		SOLE		0	59,252	597
ONEOK INC NEW COM	COM	682680103	259	4,407	SH		SOLE		0	4,407	0
ORACLE CORP	COM	68389X105	7,215	82,726	SH		SOLE		0	81,338	1,388
OSHKOSH CORPORATION	COM	688239201	3,453	30,634	SH		SOLE		0	30,202	432
PAYPAL HLDGS INC COM	COM	70450Y103	4,455	23,626	SH		SOLE		0	23,349	277
PEPSICO INC	COM	713448108	4,113	23,679	SH		SOLE		0	22,759	920
PERFORMANCE FOOD GROUP CO COM	COM	71377A103	6,652	144,952	SH		SOLE		0	141,889	3,063
PFIZER INC	COM	717081103	4,320	73,164	SH		SOLE		0	72,452	712
PIONEER NAT RES CO COM	COM	723787107	614	3,375	SH		SOLE		0	3,375	0
PNC FINL SVCS GROUP COM	COM	693475105	4,965	24,758	SH		SOLE		0	24,377	381
PREMIER INC CL A	COM	74051N102	783	19,030	SH		SOLE		0	19,030	0
PROCTER & GAMBLE COMPANY	COM	742718109	5,056	30,907	SH		SOLE		0	30,907	0
PURE STORAGE INC CL A	COM	74624M102	570	17,525	SH		SOLE		0	17,525	0
QUALCOMM INC	COM	747525103	15,911	87,008	SH		SOLE		0	85,028	1,980
REGAL REXNORD CORP	COM	758750103	4,260	25,034	SH		SOLE		0	24,146	888
REGIONS FINANCIAL CORP COM	COM	7591EP100	383	17,585	SH		SOLE		0	17,585	0
RESMED INC COM	COM	761152107	638	2,450	SH		SOLE		0	2,450	0
REV GROUP INC COM	COM	749527107	566	39,995	SH		SOLE		0	39,995	0
SALESFORCE COM INC COM	COM	79466L302	256	1,006	SH		SOLE		0	1,006	0
SCHEIN HENRY INC CO	COM	806407102	1,023	13,195	SH		SOLE		0	13,195	0
SCHWAB (CHARLES) CORP	COM	808513105	2,888	34,337	SH		SOLE		0	34,337	0
SEALED AIR CORP	COM	81211K100	3,336	49,451	SH		SOLE		0	48,358	1,093
SKECHERS U S A INC CL A	COM	830566105	3,815	87,913	SH		SOLE		0	85,634	2,279
SMITH A O COM	COM	831865209	4,535	52,830	SH		SOLE		0	50,847	1,983
SOUTHERN CO COM	COM	842587107	290	4,230	SH		SOLE		0	4,230	0
SPX CORP COM	COM	784635104	268	4,495	SH		SOLE		0	4,495	0
SS&C TECHNOLOGIES HLDGS INC CO	COM	78467J100	3,977	48,508	SH		SOLE		0	47,681	827
STARBUCKS CORP CO	COM	855244109	1,341	11,465	SH		SOLE		0	11,465	0
STATE STREET CORP	COM	857477103	9,368	100,726	SH		SOLE		0	99,673	1,053
STEELCASE INC CL A	COM	858155203	2,855	243,575	SH		SOLE		0	239,257	4,318
SYSCO CORPORATION	COM	871829107	610	7,760	SH		SOLE		0	7,310	450
T ROWE PRICE GROUP INC	COM	74144t108	486	2,470	SH		SOLE		0	2,470	0
TAKE-TWO INTERACTIVE COM	COM	874054109	613	3,450	SH		SOLE		0	3,450	0
TARGET CORP	COM	87612e106	6,401	27,656	SH		SOLE		0	27,243	413
TESLA INC	COM	88160R101	1,278	1,209	SH		SOLE		0	1,209	0
TOPBUILD CORP COM	COM	89055F103	2,478	8,980	SH		SOLE		0	8,680	300
TRUIST FINANCIAL CORP	COM	89832q109	1,543	26,361	SH		SOLE		0	26,361	0
TYSON FOODS INC CL A	COM	902494103	242	2,779	SH		SOLE		0	2,779	0
UNITEDHEALTH GROUP INC	COM	91324P102	7,859	15,651	SH		SOLE		0	15,466	185
UNIVERSAL HLTH SVCS INC CL B	COM	913903100	613	4,725	SH		SOLE		0	4,725	0
URBAN OUTFITTERS INC COM	COM	917047102	2,703	92,080	SH		SOLE		0	90,276	1,804
VIACOMCBS	COM	92556H206	7,793	258,232	SH		SOLE		0	254,637	3,595
VIATRIS	COM	92556V106	6,253	462,167	SH		SOLE		0	454,719	7,448
VIAVI SOLUTIONS INC COM	COM	925550105	4,846	275,037	SH		SOLE		0	269,675	5,362
VISA INC COM CL A	COM	92826C839	4,327	19,968	SH		SOLE		0	19,679	289
WABTEC CORP COM	COM	929740108	5,338	57,950	SH		SOLE		0	56,546	1,404
WALGREENS BOOTS ALLIANCE INC	COM	931427108	13,134	251,798	SH		SOLE		0	246,440	5,358
WALGREENS BOOTS ALLIANCE INC	COM	931427108	9	181	SH		DFND		0	181	0
WEC ENERGY GROUP INC COM	COM	92939U106	211	2,169	SH		SOLE		0	2,169	0
WELLS FARGO NEW	COM	949746101	5,491	114,433	SH		SOLE		0	112,316	2,117
WILLSCOT MOBIL MINI HLDNG CORP	COM	971378104	643	15,741	SH		SOLE		0	15,741	0
XCEL ENERGY INC	COM	98389B100	237	3,499	SH		SOLE		0	3,499	0
ZIONS BANCORPORATION NA	COM	989701107	5,765	91,271	SH		SOLE		0	90,216	1,055
ENTERPRISE PRODS PARTN COM	COM	293792107	253	11,527	SH		SOLE		0	10,522	1,005
ANNALY MTG MGMT INC COM	COM	035710409	840	107,395	SH		SOLE		0	107,395	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	520	54,072	SH		SOLE		0	54,072	0
HOST HOTELS&RESORTS COM	COM	44107P104	500	28,751	SH		SOLE		0	28,751	0
IRON MTN INC NEW COM	COM	46284V101	1,265	24,169	SH		SOLE		0	24,169	0
KIMCO RLTY CORP COM	COM	49446R109	382	15,479	SH		SOLE		0	14,409	1,070
SERVICE PPTYS TR COM SH BEN IN	COM	81761L102	459	52,205	SH		SOLE		0	52,205	0
SIMON PPTY GROUP INC NEW COM	COM	828806109	5,725	35,832	SH		SOLE		0	34,977	855
BLACKSTONE MORTGAGE TRUST INC	CONV	09257wab6	2,236	2,225,000	PRN		SOLE		0	2,225,000	0
DIGITALBRIDGE GR	CONV	19624raa4	19,814	19,225,000	PRN		SOLE		0	19,225,000	0
FEDNAT HLDG CO	CONV	31431bad1	4,432	5,000,000	PRN		SOLE		0	5,000,000	0
GOLDMAN SACHS BDC INC	CONV	38147uab3	10,050	10,000,000	PRN		SOLE		0	10,000,000	0
HOPE BANCORP INC	CONV	43940tab5	25,042	25,750,000	PRN		SOLE		0	25,750,000	0
PROSPECT CAP CORP	CONV	74348tar3	263	260,000	PRN		SOLE		0	260,000	0
SCHWAB STRATEGIC TR EMRG MKTEQ	COM	808524706	1,316	44,417	SH		SOLE		0	44,417	0
SCHWAB STRATEGIC TR INTL EQTY	COM	808524805	1,237	31,835	SH		SOLE		0	31,835	0
SPDR INDEX SHS FDS MSCI EAFE S	COM	78463X434	243	3,160	SH		SOLE		0	3,145	15
ISHARES S&P MIDCAP 400 VALUE E	COM	464287705	840	7,586	SH		SOLE		0	7,586	0
ISHARES S&P SMLCP 600 VALUE ET	COM	464287879	489	4,681	SH		SOLE		0	4,681	0
ISHARES TR S&P500/BAR VAL	COM	464287408	998	6,373	SH		SOLE		0	6,373	0
SCHWAB STRATEGIC TR US LCAP VA	COM	808524409	480	6,554	SH		SOLE		0	6,554	0
SPDR SERIES TRUST PRTFLO S&P50	COM	78464A508	321	7,637	SH		SOLE		0	7,552	85
SPDR SERIES TRUST S&P 400 MDCP	COM	78464A839	419	5,896	SH		SOLE		0	5,853	43
SPDR SERIES TRUST S&P 600 SMCP	COM	78464A300	345	4,075	SH		SOLE		0	4,055	20
VANGUARD SCOTTSDALE FDS SHRT T	COM	92206C409	1,199	14,754	SH		SOLE		0	14,754	0