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
AERCAP HOLDINGS NV SHS	ADR	N00985106	246	5,800	SH		SOLE		0	5,800	0
AON PLC SHS CL A	ADR	G0403H108	536	2,000	SH		SOLE		0	2,000	0
BANK OF MONTREAL	ADR	063671101	283	3,227	SH		SOLE		0	3,227	0
BAUSCH HEALTH COS INC COM	ADR	071734107	1,926	279,512	SH		SOLE		0	272,930	6,582
CAMECO CORP COM	ADR	13321L108	275	10,390	SH		SOLE		0	10,390	0
COLLIERS INTL GROUP INC SUB VT	ADR	194693107	1,464	15,975	SH		SOLE		0	15,975	0
FIRSTSERVICE CORP NEW COM	ADR	33767E202	335	2,815	SH		SOLE		0	2,815	0
INFINEON TECHNOLOGIES AG SPONS	ADR	45662N103	2,351	107,040	SH		SOLE		0	98,545	8,495
JAZZ PHARMACEUTICALS PLC SHS U	ADR	G50871105	906	6,795	SH		SOLE		0	6,795	0
KORNIT DIGITAL LTD SHS	ADR	M6372Q113	3,354	126,048	SH		SOLE		0	123,163	2,885
LUNDIN MINING CORP COM	ADR	550372106	78	15,350	SH		SOLE		0	15,350	0
NXP SEMICONDUCTORS N V COM	ADR	N6596X109	6,413	43,472	SH		SOLE		0	41,493	1,979
TRANE TECHNOLOGIES PLC SHS	ADR	G8994E103	373	2,575	SH		SOLE		0	2,575	0
3M CO COM	COM	88579Y101	304	2,755	SH		SOLE		0	2,395	360
ABBOTT LABS	COM	002824100	820	8,472	SH		SOLE		0	8,446	26
ABBVIE INC. COM	COM	00287Y109	5,513	41,081	SH		SOLE		0	39,103	1,978
ACADIA HEALTHCARE COMPANY INC	COM	00404A109	349	4,460	SH		SOLE		0	4,460	0
ACCELERATE DIAGNOSTICS INC COM	COM	00430H102	173	113,900	SH		SOLE		0	113,900	0
ACTIVISION BLIZZARD INC	COM	00507v109	5,642	75,901	SH		SOLE		0	74,596	1,305
ADOBE INC	COM	00724F101	3,832	13,926	SH		SOLE		0	13,695	231
AERIE PHARMACEUTICALS INC COM	COM	00771V108	1,130	74,712	SH		SOLE		0	74,712	0
AIR LEASE CORP CL A	COM	00912X302	251	8,100	SH		SOLE		0	8,100	0
ALPHABET INC CAP STK CL A	COM	02079K305	17,852	186,634	SH		SOLE		0	176,234	10,400
ALPHABET INC CAP STK CL C	COM	02079K107	229	2,380	SH		SOLE		0	2,380	0
AMAZON COM INC CO	COM	023135106	411	3,640	SH		SOLE		0	1,640	2,000
AMERICAN EXPRESS CO	COM	025816109	434	3,218	SH		SOLE		0	3,218	0
AMGEN INC	COM	031162100	4,362	19,353	SH		SOLE		0	18,326	1,027
AMN HEALTHCARE SVCS INC COM	COM	001744101	620	5,850	SH		SOLE		0	5,850	0
ANALOG DEVICES INC COM	COM	032654105	2,492	17,887	SH		SOLE		0	17,887	0
APPLE INC COM	COM	037833100	6,285	45,477	SH		SOLE		0	44,475	1,002
ASSOCIATED BANCORP	COM	045487105	1,117	55,641	SH		SOLE		0	55,641	0
AUTOMATIC DATA PROCESSING	COM	053015103	246	1,087	SH		SOLE		0	87	1,000
AZEK CO INC CL A	COM	05478C105	514	30,930	SH		SOLE		0	30,930	0
BANK FIRST CORPORATION	COM	06211J100	543	7,101	SH		SOLE		0	7,101	0
BANK OF AMERICA	COM	060505104	8,450	279,800	SH		SOLE		0	262,019	17,780
BERRY GLOBAL GROUP INC COM	COM	08579W103	2,985	64,158	SH		SOLE		0	62,631	1,527
BEST BUY INC COM	COM	086516101	2,721	42,965	SH		SOLE		0	42,146	819
BLACK KNIGHT INC COM	COM	09215C105	695	10,736	SH		SOLE		0	9,950	786
BOEING CO	COM	097023105	2,320	19,165	SH		SOLE		0	19,144	21
BREAD FINANCIAL HOLDINGS	COM	018581108	6,391	203,223	SH		SOLE		0	199,459	3,763
BRISTOL MYERS SQUIBB CO	COM	110122108	4,524	63,637	SH		SOLE		0	60,430	3,207
CALIX INC COM	COM	13100M509	770	12,600	SH		SOLE		0	12,600	0
CHENIERE ENERGY INC COM NEW	COM	16411R208	668	4,025	SH		SOLE		0	4,025	0
CHEVRON CORP NEW COM	COM	166764100	4,440	30,901	SH		SOLE		0	28,805	2,097
CIGNA CORP NEW COM	COM	125523100	5,420	19,533	SH		SOLE		0	18,784	749
CISCO SYSTEMS INC	COM	17275R102	7,928	198,189	SH		SOLE		0	188,325	9,864
CITIGROUP INC COM NEW	COM	172967424	7,076	169,811	SH		SOLE		0	164,145	5,665
CITIGROUP INC COM NEW	COM	172967424	6	151	SH		DFND		0	151	0
CITIZENS FINANCIAL GROUP INC C	COM	174610105	4,158	121,025	SH		SOLE		0	113,807	7,218
COCA COLA CO	COM	191216100	1,909	34,074	SH		SOLE		0	34,074	0
COGNEX CORP COM	COM	192422103	414	10,000	SH		SOLE		0	10,000	0
COHERENT INC COM	COM	19247g107	6,367	182,696	SH		SOLE		0	176,500	6,195
COLGATE PALMOLIVE CO	COM	194162103	214	3,045	SH		SOLE		0	3,045	0
CORNING INC	COM	219350105	4,405	151,779	SH		SOLE		0	144,952	6,827
COSTCO WHOLESALE CORP	COM	22160K105	356	755	SH		SOLE		0	745	10
CROWN HOLDINGS INC COM	COM	228368106	2,758	34,037	SH		SOLE		0	31,977	2,061
CVS HEALTH CORP COM	COM	126650100	7,854	82,354	SH		SOLE		0	79,867	2,487
DISCOVER FINL SVCS COM	COM	254709108	4,445	48,893	SH		SOLE		0	46,729	2,164
DISNEY WALT PRODTNS	COM	254687106	518	5,488	SH		SOLE		0	4,437	1,051
DULUTH HLDGS INC COM CL B	COM	26443V101	433	61,525	SH		SOLE		0	61,525	0
EBAY INC COM	COM	278642103	4,858	131,968	SH		SOLE		0	125,795	6,173
ELECTRONIC ARTS INC COM	COM	285512109	1,611	13,925	SH		SOLE		0	13,925	0
ENERGIZER HLDGS INC NEW COM	COM	29272W109	3,030	120,510	SH		SOLE		0	117,870	2,640
EQUIFAX INC CO	COM	294429105	2,732	15,934	SH		SOLE		0	15,557	377
EVOQUA WATER TECHNOLOGIES CORP	COM	30057T105	380	11,500	SH		SOLE		0	11,500	0
EXACT SCIENCES CORP COM	COM	30063P105	6,462	198,880	SH		SOLE		0	192,614	6,265
EXACT SCIENCES CORP COM	COM	30063P105	3	98	SH		DFND		0	98	0
EXXON MOBIL CORP COM	COM	30231G102	13,357	152,988	SH		SOLE		0	150,403	2,584
FARMERS & MERCHANTS BK COM	COM	308243104	866	111	SH		SOLE		0	0	111
FEDEX CORP COM	COM	31428X106	5,085	34,250	SH		SOLE		0	33,128	1,122
FIDELITY NATIONAL FINANCIAL IN	COM	31620R303	4,030	111,314	SH		SOLE		0	106,128	5,186
FIRST HORIZON CORP	COM	320517105	5,526	241,305	SH		SOLE		0	235,838	5,467
FISERV INC	COM	337738108	8,721	93,205	SH		SOLE		0	89,902	3,303
FLAGSTAR BANCORP INC COM PAR .	COM	337930705	434	13,000	SH		SOLE		0	13,000	0
FREEPORT-MCMORAN INC	COM	35671D857	6,138	224,581	SH		SOLE		0	212,098	12,483
GENERAL CANNABIS CORP COM	COM	36930V100	2	10,000	SH		SOLE		0	10,000	0
GENERAL DYNAMICS CORP COM	COM	369550108	1,659	7,817	SH		SOLE		0	7,817	0
GENERAL ELECTRIC CO COM NEW	COM	369604301	7,722	124,737	SH		SOLE		0	122,249	2,488
GLOBAL PMTS INC COM	COM	37940X102	2,220	20,542	SH		SOLE		0	19,959	583
GOLDMAN SACHS GROUP INC	COM	38141G104	1,509	5,151	SH		SOLE		0	5,151	0
HANESBRANDS INC COM	COM	410345102	332	47,655	SH		SOLE		0	47,655	0
HANGER INC COM NEW	COM	41043F208	319	17,044	SH		SOLE		0	15,219	1,825
HCA HEALTHCARE INC COM	COM	40412C101	1,507	8,200	SH		SOLE		0	7,300	900
HILLENBRAND INC COM	COM	431571108	428	11,650	SH		SOLE		0	11,650	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	149	20,325	SH		SOLE		0	20,325	0
INTEL CORP	COM	458140100	391	15,180	SH		SOLE		0	12,571	2,609
INTERCONTINENTALEXCHANGE COM	COM	45866F104	3,675	40,670	SH		SOLE		0	39,971	699
JOHNSON & JOHNSON	COM	478160104	7,291	44,633	SH		SOLE		0	42,518	2,115
JPMORGAN CHASE & CO COM	COM	46625H100	8,692	83,182	SH		SOLE		0	78,723	4,458
KEYSIGHT TECHNOLOGIES INC COM	COM	49338L103	4,543	28,873	SH		SOLE		0	26,953	1,920
KIMBERLY CLARK CORP	COM	494368103	4,461	39,637	SH		SOLE		0	39,114	523
KRAFT HEINZ CO COM	COM	500754106	2,249	67,449	SH		SOLE		0	62,499	4,950
LAS VEGAS SANDS CORP COM	COM	517834107	6,627	176,629	SH		SOLE		0	173,193	3,436
LEVI STRAUSS & CO NEW CL A COM	COM	52736R102	229	15,800	SH		SOLE		0	15,800	0
LKQ CORP COM	COM	501889208	8,187	173,644	SH		SOLE		0	169,419	4,225
LOWES COS INC CO	COM	548661107	312	1,660	SH		SOLE		0	1,170	490
LOYALTY VENTURES INC COMMON ST	COM	54911Q107	62	51,190	SH		SOLE		0	50,329	861
LUMENTUM HLDGS INC COM	COM	55024U109	1,189	17,333	SH		SOLE		0	17,333	0
MARVELL TECHNOLOGY GROUP LTD C	COM	573874104	464	10,807	SH		SOLE		0	10,792	15
MASCO CORP COM	COM	574599106	251	5,378	SH		SOLE		0	4,603	775
MASTEC INC COM	COM	576323109	545	8,590	SH		SOLE		0	8,590	0
MCKESSON CORP	COM	58155q103	5,893	17,339	SH		SOLE		0	16,691	648
MDU RESOURCES GROUP INC	COM	552690109	290	10,600	SH		SOLE		0	10,600	0
MERCK & CO INC NEW COM	COM	58933Y105	2,029	23,561	SH		SOLE		0	23,561	0
META PLATFORMS	COM	30303M102	5,462	40,260	SH		SOLE		0	38,893	1,366
METTLER TOLEDO INTL COM	COM	592688105	244	225	SH		SOLE		0	225	0
MGE ENERGY INC COM	COM	55277P104	438	6,670	SH		SOLE		0	6,670	0
MICROSOFT CORP	COM	594918104	18,389	78,957	SH		SOLE		0	73,394	5,563
MIMEDX GROUP INC COM	COM	602496101	49	17,000	SH		SOLE		0	13,850	3,150
MOLSON COORS BEVERAGE CO	COM	60871R209	3,023	62,985	SH		SOLE		0	61,599	1,386
MUELLER WTR PRODS INC COM SER	COM	624758108	319	31,025	SH		SOLE		0	31,025	0
NETFLIX INC COM	COM	64110L106	1,079	4,582	SH		SOLE		0	4,582	0
NEUROCRINE BIOSCIENCES INC COM	COM	64125C109	691	6,505	SH		SOLE		0	6,505	0
NEWELL BRANDS INC.	COM	651229106	2,634	189,626	SH		SOLE		0	182,477	7,149
NMI HLDGS INC CL A	COM	629209305	776	38,091	SH		SOLE		0	35,091	3,000
NOODLES & CO COM CL A	COM	65540B105	622	132,287	SH		SOLE		0	132,287	0
NORTHERN TRUST CORP	COM	665859104	5,315	62,119	SH		SOLE		0	60,967	1,152
O-I GLASS INC COM	COM	67098H104	492	38,000	SH		SOLE		0	38,000	0
ONEOK INC NEW COM	COM	682680103	226	4,407	SH		SOLE		0	4,407	0
ORACLE CORP	COM	68389X105	5,321	87,128	SH		SOLE		0	83,629	3,499
OSHKOSH CORPORATION	COM	688239201	2,246	31,960	SH		SOLE		0	31,225	735
PARAMOUNT GLOBLAL	COM	92556H206	5,828	306,081	SH		SOLE		0	300,058	6,023
PAYPAL HLDGS INC COM	COM	70450Y103	9,257	107,550	SH		SOLE		0	103,436	4,113
PEPSICO INC	COM	713448108	1,106	6,773	SH		SOLE		0	5,331	1,442
PERFORMANCE FOOD GROUP CO COM	COM	71377A103	6,197	144,282	SH		SOLE		0	137,965	6,317
PFIZER INC	COM	717081103	2,983	68,166	SH		SOLE		0	67,454	712
PIONEER NAT RES CO COM	COM	723787107	581	2,685	SH		SOLE		0	2,685	0
PNC FINL SVCS GROUP COM	COM	693475105	3,893	26,053	SH		SOLE		0	24,839	1,214
PREMIER INC CL A	COM	74051N102	646	19,030	SH		SOLE		0	19,030	0
PROCTER & GAMBLE COMPANY	COM	742718109	3,342	26,474	SH		SOLE		0	25,634	840
PURE STORAGE INC CL A	COM	74624M102	480	17,525	SH		SOLE		0	15,625	1,900
QUALCOMM INC	COM	747525103	10,478	92,744	SH		SOLE		0	86,687	6,056
REGAL REXNORD CORP	COM	758750103	3,502	24,950	SH		SOLE		0	23,410	1,539
REGIONS FINANCIAL CORP COM	COM	7591EP100	353	17,585	SH		SOLE		0	17,585	0
RESMED INC COM	COM	761152107	535	2,450	SH		SOLE		0	2,450	0
REV GROUP INC COM	COM	749527107	441	39,995	SH		SOLE		0	39,995	0
SCHEIN HENRY INC CO	COM	806407102	673	10,240	SH		SOLE		0	10,240	0
SCHWAB (CHARLES) CORP	COM	808513105	2,547	35,437	SH		SOLE		0	35,437	0
SEALED AIR CORP	COM	81211K100	2,098	47,126	SH		SOLE		0	43,858	3,267
SKECHERS U S A INC CL A	COM	830566105	2,954	93,142	SH		SOLE		0	86,879	6,264
SMITH A O COM	COM	831865209	2,712	55,817	SH		SOLE		0	51,953	3,865
SOUTHERN CO COM	COM	842587107	282	4,149	SH		SOLE		0	4,149	0
SPX TECHNOLOGIES INC COM	COM	78473E103	248	4,495	SH		SOLE		0	4,495	0
SS&C TECHNOLOGIES HLDGS INC CO	COM	78467J100	2,423	50,745	SH		SOLE		0	49,783	962
STARBUCKS CORP CO	COM	855244109	3,990	47,355	SH		SOLE		0	46,404	951
STATE STREET CORP	COM	857477103	6,782	111,524	SH		SOLE		0	108,156	3,369
STEELCASE INC CL A	COM	858155203	1,709	262,146	SH		SOLE		0	256,257	5,889
SYSCO CORPORATION	COM	871829107	480	6,782	SH		SOLE		0	5,682	1,100
TAKE-TWO INTERACTIVE COM	COM	874054109	2,659	24,396	SH		SOLE		0	23,843	553
TARGET CORP	COM	87612e106	5,024	33,858	SH		SOLE		0	32,333	1,526
TESLA INC	COM	88160R101	984	3,709	SH		SOLE		0	3,673	36
TOPBUILD CORP COM	COM	89055F103	1,551	9,415	SH		SOLE		0	8,965	450
TOPGOLF CALLAWAY BRANDS	COM	131193104	2,779	144,311	SH		SOLE		0	141,518	2,793
TRUIST FINANCIAL CORP	COM	89832q109	476	10,929	SH		SOLE		0	10,929	0
UNITEDHEALTH GROUP INC	COM	91324P102	6,516	12,902	SH		SOLE		0	12,752	150
UNIVERSAL HLTH SVCS INC CL B	COM	913903100	417	4,725	SH		SOLE		0	4,725	0
VIATRIS	COM	92556V106	4,844	568,572	SH		SOLE		0	558,240	10,332
VIAVI SOLUTIONS INC COM	COM	925550105	3,792	290,586	SH		SOLE		0	276,829	13,756
VISA INC COM CL A	COM	92826C839	3,648	20,537	SH		SOLE		0	18,926	1,611
WABTEC CORP COM	COM	929740108	4,467	54,913	SH		SOLE		0	51,784	3,130
WALGREENS BOOTS ALLIANCE INC	COM	931427108	8,332	265,359	SH		SOLE		0	254,293	11,066
WALGREENS BOOTS ALLIANCE INC	COM	931427108	6	181	SH		DFND		0	181	0
WARNER BROTHERS DISCOVERY	COM	934423104	7,080	615,658	SH		SOLE		0	605,146	10,512
WELLS FARGO NEW	COM	949746101	4,805	119,468	SH		SOLE		0	114,581	4,887
WILLSCOT MOBIL MINI HLDNG CORP	COM	971378104	627	15,541	SH		SOLE		0	15,541	0
XCEL ENERGY INC	COM	98389B100	352	5,499	SH		SOLE		0	5,499	0
ZIONS BANCORPORATION NA	COM	989701107	3,657	71,901	SH		SOLE		0	68,297	3,605
ENTERPRISE PRODS PARTN COM	COM	293792107	274	11,527	SH		SOLE		0	10,522	1,005
ANNALY CAPITAL MANAGEMENT INC	COM	035710839	538	31,331	SH		SOLE		0	31,331	0
DIAMONDROCK HOSPITALIT COM	COM	252784301	486	64,663	SH		SOLE		0	64,663	0
GLOBAL NET LEASE INC COM NEW	COM	379378201	602	56,569	SH		SOLE		0	56,569	0
HOST HOTELS&RESORTS COM	COM	44107P104	461	29,003	SH		SOLE		0	29,003	0
OMEGA HEALTHCARE INVS COM	COM	681936100	738	25,039	SH		SOLE		0	25,039	0
SERVICE PPTYS TR COM SH BEN IN	COM	81761L102	271	52,205	SH		SOLE		0	52,205	0
DIGITALBRIDGE GR	CONV	19624raa4	18,927	19,225,000	PRN		SOLE		0	19,225,000	0
FEDNAT HLDG CO	CONV	31431bad1	4,000	5,000,000	PRN		SOLE		0	5,000,000	0
SCHWAB STRATEGIC TR EMRG MKTEQ	COM	808524706	1,036	46,228	SH		SOLE		0	46,228	0
SCHWAB STRATEGIC TR INTL EQTY	COM	808524805	896	31,835	SH		SOLE		0	31,835	0
SPDR INDEX SHS FDS MSCI EAFE S	COM	78463X434	237	4,244	SH		SOLE		0	4,221	23
ISHARES S&P MIDCAP 400 VALUE E	COM	464287705	679	7,540	SH		SOLE		0	7,468	72
ISHARES S&P SMLCP 600 VALUE ET	COM	464287879	408	4,954	SH		SOLE		0	4,918	36
ISHARES TR S&P500/BAR VAL	COM	464287408	815	6,342	SH		SOLE		0	6,226	117
SCHWAB STRATEGIC TR US LCAP VA	COM	808524409	525	8,974	SH		SOLE		0	8,974	0
SPDR SERIES TRUST PRTFLO S&P50	COM	78464A508	442	12,827	SH		SOLE		0	12,718	109
SPDR SERIES TRUST S&P 400 MDCP	COM	78464A839	506	8,757	SH		SOLE		0	8,701	56
SPDR SERIES TRUST S&P 600 SMCP	COM	78464A300	367	5,469	SH		SOLE		0	5,440	29
VANGUARD SCOTTSDALE FDS SHRT T	COM	92206C409	1,367	18,398	SH		SOLE		0	18,205	193