Copeland Capital 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
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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
TPG TELECOM LIMITED	COM	6351876	1,250	180,803	SH		SOLE		180,803	0	0
ALIMENTATION COUCHE-TARD INC	COM	2011646	790	18,479	SH		SOLE		18,479	0	0
COGECO CABLE INC	COM	2205762	665	11,510	SH		SOLE		11,510	0	0
GILDAN ACTIVEWEAR INC	COM	2254645	1,258	37,886	SH		SOLE		37,886	0	0
SUNCOR ENERGY INC	COM	B3NB1P2	759	27,558	SH		SOLE		27,558	0	0
NOVO NORDISK	COM	BHC8X90	778	14,288	SH		SOLE		14,288	0	0
ANHEUSER-BUSCH INBEV SA	COM	4755317	766	6,401	SH		SOLE		6,401	0	0
ENAGAS SA	COM	7383072	714	26,275	SH		SOLE		26,275	0	0
FRESENIUS SE & CO.KGaA	COM	4352097	990	15,448	SH		SOLE		15,448	0	0
HENKEL AF AND CO	COM	5076705	952	8,493	SH		SOLE		8,493	0	0
IMERYS SA	COM	B011GL4	860	11,255	SH		SOLE		11,255	0	0
INGENICO SA	COM	4196897	782	6,669	SH		SOLE		6,669	0	0
KERRY GROUP PLC CLASS A	COM	4519579	1,179	15,926	SH		SOLE		15,926	0	0
PADDY POWER PLC	COM	4828974	231	2,700	SH		SOLE		2,700	0	0
SAFRAN SA	COM	B058TZ6	1,158	17,104	SH		SOLE		17,104	0	0
ABERDEEN ASSET MANAGEMENT	COM	0003128	760	119,810	SH		SOLE		119,810	0	0
BABCOCK INTERNATIONAL GROUP PL	COM	0969703	656	38,682	SH		SOLE		38,682	0	0
BETFAIR GROUP PLC	COM	BSPL1J9	1,039	27,497	SH		SOLE		27,497	0	0
BP PLC	COM	0798059	731	110,672	SH		SOLE		110,672	0	0
BT GROUP PLC	COM	3091357	783	110,753	SH		SOLE		110,753	0	0
CAPITA PLC	COM	B23K0M2	1,499	77,089	SH		SOLE		77,089	0	0
CLOSE BROTHERS GROUP PLC	COM	0766807	1,164	48,494	SH		SOLE		48,494	0	0
DRAGON OIL PUBLIC LIMITED COMP	COM	0059079	970	85,006	SH		SOLE		85,006	0	0
EASYJET PLC	COM	B7KR2P8	680	27,998	SH		SOLE		27,998	0	0
IMPERIAL TOBACCO GROUP PLC	COM	0454492	1,009	20,947	SH		SOLE		20,947	0	0
RECKITT BENCKISER GROUP PLC	COM	B24CGK7	310	3,600	SH		SOLE		3,600	0	0
RIGHTMOVE PLC	COM	B2987V8	999	19,415	SH		SOLE		19,415	0	0
SMITH & NEPHEW PLC	COM	0922320	1,234	73,135	SH		SOLE		73,135	0	0
CHEUNG KONG INFRASTRUCTURE HOL	COM	6212553	830	106,932	SH		SOLE		106,932	0	0
TECHTRONIC INDUSTRIES CO LTD	COM	B0190C7	1,144	349,248	SH		SOLE		349,248	0	0
TENCENT HOLDINGS INC	COM	BMMV2K8	794	39,793	SH		SOLE		39,793	0	0
FUJI HEAVY INDUSTRIES LTD	COM	6356406	305	8,300	SH		SOLE		8,300	0	0
KDDI CORP	COM	6248990	480	19,923	SH		SOLE		19,923	0	0
SAWAI PHARMACEUTICALS CO LTD	COM	6784955	221	3,800	SH		SOLE		3,800	0	0
HYUNDAI MOBIS CO LTD	COM	6449544	687	3,619	SH		SOLE		3,619	0	0
SKANDINAVISKA ENSKILDA	COM	4813345	904	70,707	SH		SOLE		70,707	0	0
SIAM COMERCIAL BANK PUBLIC CO	COM	6889924	774	168,111	SH		SOLE		168,111	0	0
ECLAT TEXTILE CO. LTD	COM	6345783	1,605	98,000	SH		SOLE		98,000	0	0
3M COMPANY	COM	88579Y101	231	1,500	SH		SOLE		1,500	0	0
ABBVIE INC	COM	00287Y109	387	5,756	SH		SOLE		5,648	0	108
ACE LTD	COM	H0023R105	1,221	12,009	SH		SOLE		12,009	0	0
AIRGAS	COM	009363102	25,960	245,418	SH		SOLE		235,799	0	9,619
AIRGAS	COM	009363102	3,074	29,062	SH		DFND	2	0	0	29,062
AIRGAS	COM	009363102	16	155	SH		DFND		0	0	155
AIRGAS	COM	009363102	14	133	SH		DFND	3	133	0	0
ALLIANCE RES PARTNERS LP	COM	01877R108	2,340	93,768	SH		SOLE		2,143	0	91,625
ALTRA INDUSTRIAL MOTION	COM	02208R106	8,105	298,195	SH		SOLE		215,806	0	82,389
ALTRIA GROUP INC	COM	02209S103	233	4,763	SH		SOLE		4,413	0	350
AMERICAN STATES WATER COMPANY	COM	029899101	14,536	388,758	SH		SOLE		257,062	0	131,696
AMERICAN TOWER	COM	03027X100	16,898	181,133	SH		SOLE		180,348	0	785
AMERICAN TOWER	COM	03027X100	15	164	SH		DFND	3	164	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	16,611	132,960	SH		SOLE		132,134	0	826
AMERIPRISE FINANCIAL INC	COM	03076C106	4,041	32,348	SH		DFND	2	0	0	32,348
AMERIPRISE FINANCIAL INC	COM	03076C106	27	213	SH		DFND		0	0	213
AMERIPRISE FINANCIAL INC	COM	03076C106	16	132	SH		DFND	3	132	0	0
AMGEN INCORPORATED	COM	031162100	13,019	84,803	SH		SOLE		84,221	0	582
AMGEN INCORPORATED	COM	031162100	2,540	16,547	SH		DFND	2	0	0	16,547
AMGEN INCORPORATED	COM	031162100	15	99	SH		DFND		0	0	99
AMGEN INCORPORATED	COM	031162100	12	80	SH		DFND	3	80	0	0
ANADARKO PETE CORP	COM	032511107	624	8,000	SH		SOLE		8,000	0	0
APACHE CORP	COM	037411105	384	6,666	SH		SOLE		6,666	0	0
APPLE INC	COM	037833100	689	5,496	SH		SOLE		4,910	0	586
ARCHER DANIELS MIDLAND	COM	039483102	12,441	258,005	SH		SOLE		258,005	0	0
ARCHER DANIELS MIDLAND	COM	039483102	2,864	59,386	SH		DFND	2	0	0	59,386
ARCHER DANIELS MIDLAND	COM	039483102	17	354	SH		DFND		0	0	354
AUTO DATA PROCESSING	COM	053015103	1,100	13,712	SH		SOLE		12,346	0	1,366
AVAGO TECHNOLOGIES LIMITED	COM	Y0486S104	22,862	171,984	SH		SOLE		171,501	0	483
AVAGO TECHNOLOGIES LIMITED	COM	Y0486S104	14	103	SH		DFND	3	103	0	0
BANK OF THE OZARKS	COM	063904106	53,265	1,164,269	SH		SOLE		991,783	0	172,486
BANK OF THE OZARKS	COM	063904106	5,181	113,241	SH		DFND	2	0	0	113,241
BANK OF THE OZARKS	COM	063904106	33	716	SH		DFND		0	0	716
BANK OF THE OZARKS	COM	063904106	18	402	SH		DFND	3	402	0	0
BLACKROCK INC	COM	09247X101	789	2,280	SH		SOLE		2,014	0	266
BRINKER INTL INC	COM	109641100	27,967	485,116	SH		SOLE		399,595	0	85,521
BRINKER INTL INC	COM	109641100	2,889	50,110	SH		DFND	2	0	0	50,110
BRINKER INTL INC	COM	109641100	17	299	SH		DFND		0	0	299
BRINKER INTL INC	COM	109641100	12	213	SH		DFND	3	213	0	0
BROADCOM	COM	111320107	1,520	29,512	SH		SOLE		29,512	0	0
BROADCOM	COM	111320107	15	293	SH		DFND	3	293	0	0
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	20,241	404,748	SH		SOLE		385,416	0	19,332
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	2,479	49,579	SH		DFND	2	0	0	49,579
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	15	296	SH		DFND		0	0	296
CANADIAN NATIONAL RAILWAY	COM	136375102	862	14,920	SH		SOLE		13,146	0	1,774
CARDINAL HEALTH	COM	14149Y108	18,511	221,289	SH		SOLE		219,992	0	1,297
CARDINAL HEALTH	COM	14149Y108	4,299	51,390	SH		DFND	2	0	0	51,390
CARDINAL HEALTH	COM	14149Y108	27	318	SH		DFND		0	0	318
CARDINAL HEALTH	COM	14149Y108	12	144	SH		DFND	3	144	0	0
CASEY'S GENERAL STORES	COM	147528103	25,171	262,915	SH		SOLE		203,990	0	58,925
CEB INC.	COM	125134106	36,444	418,604	SH		SOLE		353,359	0	65,245
CEB INC.	COM	125134106	17	195	SH		DFND	3	195	0	0
CHEMED CORP	COM	16359R103	30,359	231,568	SH		SOLE		192,104	0	39,464
CHURCH & DWIGHT	COM	171340102	24,993	308,067	SH		SOLE		291,242	0	16,825
CHURCH & DWIGHT	COM	171340102	2,918	35,968	SH		DFND	2	0	0	35,968
CHURCH & DWIGHT	COM	171340102	17	213	SH		DFND		0	0	213
CHURCH & DWIGHT	COM	171340102	16	197	SH		DFND	3	197	0	0
CHURCHILL DOWNS INC	COM	171484108	15,167	121,286	SH		SOLE		79,311	0	41,975
COMCAST CORP	COM	20030N200	17,672	294,822	SH		SOLE		293,080	0	1,742
COMCAST CORP	COM	20030N200	3,808	63,533	SH		DFND	2	0	0	63,533
COMCAST CORP	COM	20030N200	23	385	SH		DFND		0	0	385
COMCAST CORP	COM	20030N200	18	294	SH		DFND	3	294	0	0
COMPASS MINERALS INTL	COM	20451N101	5,876	71,540	SH		SOLE		60,196	0	11,344
COMPUTER PROGRAMS & SYSTEMS	COM	205306103	10,502	196,585	SH		SOLE		130,297	0	66,288
CORE LABORATORIES N.V.	COM	N22717107	7,428	65,132	SH		SOLE		57,769	0	7,363
CORE LABORATORIES N.V.	COM	N22717107	9	81	SH		DFND	3	81	0	0
CORE-MARK HOLDING COMPANY	COM	218681104	10,832	182,827	SH		SOLE		116,374	0	66,453
COSTCO WHOLESALE	COM	22160K105	14,462	107,075	SH		SOLE		107,075	0	0
CUMMINS	COM	231021106	15,075	114,906	SH		SOLE		114,233	0	673
CUMMINS	COM	231021106	2,197	16,747	SH		DFND	2	0	0	16,747
CUMMINS	COM	231021106	12	90	SH		DFND		0	0	90
CUMMINS	COM	231021106	12	94	SH		DFND	3	94	0	0
CVS HEALTH CORP	COM	126650100	19,716	187,984	SH		SOLE		186,445	0	1,539
CVS HEALTH CORP	COM	126650100	3,964	37,794	SH		DFND	2	0	0	37,794
CVS HEALTH CORP	COM	126650100	25	242	SH		DFND		0	0	242
CVS HEALTH CORP	COM	126650100	17	164	SH		DFND	3	164	0	0
DISCOVER FINANCIAL SVCS	COM	254709108	19,568	339,601	SH		SOLE		339,601	0	0
DISNEY WALT	COM	254687106	2,209	19,351	SH		SOLE		19,351	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	435	5,965	SH		SOLE		5,665	0	300
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	11,178	379,564	SH		SOLE		246,591	0	132,973
ECOLAB	COM	278865100	17,627	155,893	SH		SOLE		155,135	0	758
ECOLAB	COM	278865100	3,502	30,970	SH		DFND	2	0	0	30,970
ECOLAB	COM	278865100	23	202	SH		DFND		0	0	202
ENLINK MIDSTREAM LLC	COM	29336T100	5,997	192,904	SH		SOLE		167,190	0	25,714
ENTERPRISE PRD PRTNRS LP	COM	293792107	759	25,402	SH		SOLE		23,594	0	1,808
EVERCORE PARTNERS INC. CLASS A	COM	29977A105	11,586	214,715	SH		SOLE		138,188	0	76,527
EVERSOURCE ENERGY	COM	30040W108	12,737	280,491	SH		SOLE		280,491	0	0
EVERSOURCE ENERGY	COM	30040W108	2,165	47,676	SH		DFND	2	0	0	47,676
EVERSOURCE ENERGY	COM	30040W108	13	283	SH		DFND		0	0	283
EXPONENT INC	COM	30214U102	13,562	302,852	SH		SOLE		219,334	0	83,518
EXXON MOBIL CORP	COM	30231G102	586	7,041	SH		SOLE		6,241	0	800
FACTSET RESEARCH SYSTEMS INC	COM	303075105	7,919	48,731	SH		SOLE		41,175	0	7,556
FEI COMPANY	COM	30241L109	8,723	105,183	SH		SOLE		65,069	0	40,114
FRANKLIN ELECTRIC	COM	353514102	4,287	132,609	SH		SOLE		95,898	0	36,711
G&K SERVICES	COM	361268105	13,146	190,135	SH		SOLE		124,715	0	65,420
G&K SERVICES	COM	361268105	16	227	SH		DFND	3	227	0	0
GAMESTOP CORP CLASS A	COM	36467W109	7,655	178,199	SH		SOLE		153,313	0	24,886
GENERAL ELECTRIC	COM	369604103	1,499	56,433	SH		SOLE		56,250	0	183
GILDAN ACTIVEWEAR INC	COM	375916103	7,955	239,322	SH		SOLE		202,892	0	36,430
HARRIS CORPORATION	COM	413875105	21,475	279,228	SH		SOLE		263,747	0	15,481
HARRIS CORPORATION	COM	413875105	2,679	34,835	SH		DFND	2	0	0	34,835
HARRIS CORPORATION	COM	413875105	16	208	SH		DFND		0	0	208
HEALTHCARE SERVICES GROUP	COM	421906108	15,113	457,271	SH		SOLE		329,944	0	127,327
HEARTLAND PAYMENT SYSTEMS	COM	42235N108	16,685	308,701	SH		SOLE		205,197	0	103,504
HEARTLAND PAYMENT SYSTEMS	COM	42235N108	17	320	SH		DFND	3	320	0	0
HEICO CORP	COM	422806109	17,588	301,679	SH		SOLE		205,935	0	95,744
HEICO CORP	COM	422806109	19	327	SH		DFND	3	327	0	0
HOME BANCSHARES INC	COM	436893200	14,915	407,964	SH		SOLE		273,231	0	134,733
HOME DEPOT INC	COM	437076102	17,166	154,464	SH		SOLE		153,416	0	1,048
INNOPHOS HOLDINGS INC	COM	45774N108	9,516	180,780	SH		SOLE		116,470	0	64,310
INTERNATIONAL PAPER COMPANY	COM	460146103	12,784	268,637	SH		SOLE		268,637	0	0
INTERNATIONAL PAPER COMPANY	COM	460146103	2,507	52,669	SH		DFND	2	0	0	52,669
INTERNATIONAL PAPER COMPANY	COM	460146103	15	313	SH		DFND		0	0	313
INTL FLAVORS & FRAGRANCES	COM	459506101	18,855	172,523	SH		SOLE		163,496	0	9,027
INVESCO LTD	COM	BMG491BT1	300	8,000	SH		SOLE		8,000	0	0
ITC HOLDINGS CORP	COM	465685105	17,412	541,067	SH		SOLE		541,067	0	0
ITC HOLDINGS CORP	COM	465685105	1,913	59,460	SH		DFND	2	0	0	59,460
ITC HOLDINGS CORP	COM	465685105	11	353	SH		DFND		0	0	353
J & J SNACK FOODS CORP	COM	466032109	16,738	151,240	SH		SOLE		101,449	0	49,791
J & J SNACK FOODS CORP	COM	466032109	17	152	SH		DFND	3	152	0	0
J2 GLOBAL COMMUNICATIONS INC	COM	48123V102	19,845	292,092	SH		SOLE		196,753	0	95,339
J2 GLOBAL COMMUNICATIONS INC	COM	48123V102	19	279	SH		DFND	3	279	0	0
JACK HENRY & ASSOCIATES INC	COM	426281101	37,640	581,762	SH		SOLE		505,879	0	75,883
JACK HENRY & ASSOCIATES INC	COM	426281101	3,420	52,865	SH		DFND	2	0	0	52,865
JACK HENRY & ASSOCIATES INC	COM	426281101	20	315	SH		DFND		0	0	315
JOHNSON & JOHNSON	COM	478160104	358	3,672	SH		SOLE		3,672	0	0
KANSAS CITY SOUTHERN	COM	485170302	7,430	81,469	SH		SOLE		71,508	0	9,961
KINDER MORGAN	COM	49456B101	2,767	72,088	SH		SOLE		70,142	0	1,946
KINDER MORGAN	COM	49456B101	11	292	SH		DFND	3	292	0	0
KROGER	COM	501044101	16,267	224,341	SH		SOLE		222,984	0	1,357
KROGER	COM	501044101	2,686	37,039	SH		DFND	2	0	0	37,039
KROGER	COM	501044101	16	221	SH		DFND		0	0	221
LAZARD LTD-CL A	COM	G54050102	27,639	491,445	SH		SOLE		466,428	0	25,017
LAZARD LTD-CL A	COM	G54050102	2,853	50,724	SH		DFND	2	0	0	50,724
LAZARD LTD-CL A	COM	G54050102	17	301	SH		DFND		0	0	301
LITHIA MOTORS INC	COM	536797103	17,209	152,079	SH		SOLE		98,724	0	53,355
LITTELFUSE INC	COM	537008104	12,933	136,293	SH		SOLE		92,033	0	44,260
LOCKHEED MARTIN	COM	539830109	15,355	82,596	SH		SOLE		82,596	0	0
LOCKHEED MARTIN	COM	539830109	3,243	17,447	SH		DFND	2	0	0	17,447
LOCKHEED MARTIN	COM	539830109	20	110	SH		DFND		0	0	110
MCDONALDS	COM	580135101	247	2,595	SH		SOLE		2,515	0	80
MEAD JOHNSON NUTRITION CO	COM	582839106	13,990	155,063	SH		SOLE		155,063	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	3,188	35,331	SH		DFND	2	0	0	35,331
MEAD JOHNSON NUTRITION CO	COM	582839106	19	210	SH		DFND		0	0	210
MEDTRONIC PLC	COM	G5960L103	15,742	212,446	SH		SOLE		211,577	0	869
MEDTRONIC PLC	COM	G5960L103	2,503	33,784	SH		DFND	2	0	0	33,784
MEDTRONIC PLC	COM	G5960L103	15	201	SH		DFND		0	0	201
MEDTRONIC PLC	COM	G5960L103	8	111	SH		DFND	3	111	0	0
MONOTYPE IMAGING HOLDINGS INC	COM	61022P100	10,254	425,285	SH		SOLE		307,264	0	118,021
MONSANTO	COM	61166W101	16,854	158,124	SH		SOLE		157,389	0	735
MONSANTO	COM	61166W101	2,481	23,277	SH		DFND	2	0	0	23,277
MONSANTO	COM	61166W101	15	138	SH		DFND		0	0	138
MONSANTO	COM	61166W101	12	109	SH		DFND	3	109	0	0
MOVADO GROUP INC.	COM	624580106	6,353	233,922	SH		SOLE		169,430	0	64,492
MSC INDL DIRECT INC CL A	COM	553530106	7,361	105,502	SH		SOLE		93,788	0	11,714
NEW JERSEY RESOURCES	COM	646025106	13,024	472,734	SH		SOLE		472,734	0	0
NEW JERSEY RESOURCES	COM	646025106	2,847	103,340	SH		DFND	2	0	0	103,340
NEW JERSEY RESOURCES	COM	646025106	17	616	SH		DFND		0	0	616
NEWMARKET	COM	651587107	32,182	72,499	SH		SOLE		61,668	0	10,831
NEWMARKET	COM	651587107	19	42	SH		DFND	3	42	0	0
NEXTERA ENERGY	COM	65339F101	12,393	126,422	SH		SOLE		126,422	0	0
NEXTERA ENERGY	COM	65339F101	12	124	SH		DFND	3	124	0	0
NORDSON CORP	COM	655663102	23,625	303,318	SH		SOLE		290,040	0	13,278
NORDSON CORP	COM	655663102	3,052	39,185	SH		DFND	2	0	0	39,185
NORDSON CORP	COM	655663102	20	253	SH		DFND		0	0	253
NORDSON CORP	COM	655663102	13	173	SH		DFND	3	173	0	0
NORFOLK SOUTHERN CORP	COM	655844108	1,673	19,148	SH		SOLE		19,148	0	0
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	1,184	21,630	SH		SOLE		19,810	0	1,820
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	17	315	SH		DFND	3	315	0	0
NRG YIELD INC CLASS A	COM	62942X306	18,795	854,724	SH		SOLE		647,633	0	207,091
NU SKIN ENTERPRISES INC - A	COM	67018T105	15,386	326,462	SH		SOLE		311,650	0	14,812
NU SKIN ENTERPRISES INC - A	COM	67018T105	11	242	SH		DFND	3	242	0	0
OMEGA HEALTHCARE INVESTORS	COM	681936100	21,196	617,407	SH		SOLE		587,226	0	30,181
OMEGA HEALTHCARE INVESTORS	COM	681936100	2,521	73,438	SH		DFND	2	0	0	73,438
OMEGA HEALTHCARE INVESTORS	COM	681936100	15	438	SH		DFND		0	0	438
OMEGA HEALTHCARE INVESTORS	COM	681936100	15	433	SH		DFND	3	433	0	0
PARKER HANNIFIN	COM	701094104	15,461	132,907	SH		SOLE		132,907	0	0
PARKER HANNIFIN	COM	701094104	13	112	SH		DFND	3	112	0	0
PFIZER	COM	717081103	266	7,927	SH		SOLE		7,927	0	0
PHILIP MORRIS INTL	COM	718172109	220	2,747	SH		SOLE		2,587	0	160
PHILLIPS 66	COM	718546104	1,722	21,374	SH		SOLE		21,374	0	0
PHILLIPS 66	COM	718546104	16	195	SH		DFND	3	195	0	0
PHILLIPS 66 PARTNERS LP	COM	718549207	4,789	66,512	SH		SOLE		2,417	0	64,095
POLARIS INDUSTRIES	COM	731068102	25,793	174,150	SH		SOLE		165,006	0	9,144
POLARIS INDUSTRIES	COM	731068102	3,921	26,471	SH		DFND	2	0	0	26,471
POLARIS INDUSTRIES	COM	731068102	23	158	SH		DFND		0	0	158
POLARIS INDUSTRIES	COM	731068102	14	94	SH		DFND	3	94	0	0
POOL CORP	COM	73278L105	17,585	250,577	SH		SOLE		168,623	0	81,954
POWER INTEGRATIONS, INC	COM	739276103	8,991	199,000	SH		SOLE		127,154	0	71,846
PROSPERITY BANCSHARES	COM	743606105	13,322	230,720	SH		SOLE		206,295	0	24,425
PROSPERITY BANCSHARES	COM	743606105	15	262	SH		DFND	3	262	0	0
QUAKER CHEMICAL CORP	COM	747316107	12,549	141,258	SH		SOLE		102,401	0	38,857
QUALCOMM	COM	747525103	12,016	191,859	SH		SOLE		191,859	0	0
QUALCOMM	COM	747525103	2,783	44,437	SH		DFND	2	0	0	44,437
QUALCOMM	COM	747525103	15	234	SH		DFND		0	0	234
QUALCOMM	COM	747525103	10	166	SH		DFND	3	166	0	0
QUEST DIAGNOSTICS	COM	74834L100	17,854	246,194	SH		SOLE		232,490	0	13,704
QUEST DIAGNOSTICS	COM	74834L100	2,458	33,892	SH		DFND	2	0	0	33,892
QUEST DIAGNOSTICS	COM	74834L100	15	202	SH		DFND		0	0	202
RESMED INC	COM	761152107	8,056	142,913	SH		SOLE		126,072	0	16,841
RETAIL OPPORTUNITY INVST CORP	COM	76131N101	14,606	935,106	SH		SOLE		624,351	0	310,755
RITCHIE BROS AUCTIONEERS	COM	767744105	13,154	471,117	SH		SOLE		287,554	0	183,563
ROCKWELL AUTOMATION	COM	773903109	7,588	60,878	SH		SOLE		60,283	0	595
ROSS STORES	COM	778296103	10,677	219,637	SH		SOLE		216,489	0	3,148
ROSS STORES	COM	778296103	17	360	SH		DFND	3	360	0	0
SABRA HEALTH CARE REIT	COM	78573L106	8,945	347,518	SH		SOLE		248,072	0	99,446
SCRIPPS NETWORKS INTER-CL A	COM	811065101	17,218	263,398	SH		SOLE		250,187	0	13,211
SCRIPPS NETWORKS INTER-CL A	COM	811065101	11	175	SH		DFND	3	175	0	0
SEMGROUP CORPORATION CLASS A	COM	81663A105	14,519	182,676	SH		SOLE		121,724	0	60,952
SIGMA-ALDRICH	COM	826552101	310	2,227	SH		SOLE		2,227	0	0
SMITH & NEPHEW PLC	COM	83175M205	5,887	173,411	SH		SOLE		173,411	0	0
SNAP-ON INC	COM	833034101	10,155	63,769	SH		SOLE		54,822	0	8,947
SOLERA HOLDINGS	COM	83421A104	6,405	143,749	SH		SOLE		123,943	0	19,806
SOLERA HOLDINGS	COM	83421A104	10	214	SH		DFND	3	214	0	0
SOUTH STATE CORP.	COM	840441109	13,542	178,212	SH		SOLE		126,779	0	51,433
STANDARD MOTOR PRODUCTS	COM	853666105	10,057	286,375	SH		SOLE		206,888	0	79,487
STANDARD MOTOR PRODUCTS	COM	853666105	13	383	SH		DFND	3	383	0	0
STARBUCKS CORP	COM	855244109	1,859	34,670	SH		SOLE		34,670	0	0
STERIS CORP	COM	859152100	24,908	386,526	SH		SOLE		301,380	0	85,146
SUNOCO LOGISTICS PARTNERS L.P	COM	86764L108	7,693	202,298	SH		SOLE		176,332	0	25,966
T ROWE PRICE GROUP INC	COM	74144T108	13,862	178,339	SH		SOLE		177,279	0	1,060
T ROWE PRICE GROUP INC	COM	74144T108	2,189	28,165	SH		DFND	2	0	0	28,165
T ROWE PRICE GROUP INC	COM	74144T108	13	166	SH		DFND		0	0	166
T ROWE PRICE GROUP INC	COM	74144T108	12	157	SH		DFND	3	157	0	0
TARGA RESOURCES CORP	COM	87612G101	9,126	102,292	SH		SOLE		73,593	0	28,699
TE CONNECTIVITY LTD	COM	H84989104	13,330	207,308	SH		SOLE		207,308	0	0
TE CONNECTIVITY LTD	COM	H84989104	12	194	SH		DFND	3	194	0	0
TEVA PHARMACEUTICAL	COM	881624209	15,957	270,004	SH		SOLE		270,004	0	0
TEVA PHARMACEUTICAL	COM	881624209	13	219	SH		DFND	3	219	0	0
THE ENSIGN GROUP INC	COM	29358P101	15,482	303,208	SH		SOLE		203,760	0	99,448
THOR INDUSTRIES INC	COM	885160101	11,402	202,589	SH		SOLE		133,056	0	69,533
TIME WARNER INC NEW	COM	887317303	2,192	25,080	SH		SOLE		25,080	0	0
TJX COMPANIES INC	COM	872540109	14,529	219,568	SH		SOLE		219,568	0	0
TJX COMPANIES INC	COM	872540109	3,447	52,095	SH		DFND	2	0	0	52,095
TJX COMPANIES INC	COM	872540109	22	331	SH		DFND		0	0	331
TRACTOR SUPPLY CO COM	COM	892356106	11,346	126,151	SH		SOLE		110,700	0	15,451
UGI CORP	COM	902681105	15,306	444,307	SH		SOLE		444,307	0	0
UGI CORP	COM	902681105	2,974	86,329	SH		DFND	2	0	0	86,329
UGI CORP	COM	902681105	18	515	SH		DFND		0	0	515
UGI CORP	COM	902681105	13	373	SH		DFND	3	373	0	0
UNION PACIFIC	COM	907818108	14,181	148,698	SH		SOLE		148,698	0	0
UNION PACIFIC	COM	907818108	3,039	31,867	SH		DFND	2	0	0	31,867
UNION PACIFIC	COM	907818108	16	170	SH		DFND		0	0	170
UNION PACIFIC	COM	907818108	11	120	SH		DFND	3	120	0	0
UNITED PARCEL SERVICE CLASS B	COM	911312106	1,676	17,294	SH		SOLE		17,294	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	959	8,646	SH		SOLE		7,651	0	995
UNITEDHEALTH GROUP INC	COM	91324P102	21,555	176,684	SH		SOLE		175,609	0	1,075
UNITEDHEALTH GROUP INC	COM	91324P102	4,032	33,047	SH		DFND	2	0	0	33,047
UNITEDHEALTH GROUP INC	COM	91324P102	24	197	SH		DFND		0	0	197
UNITEDHEALTH GROUP INC	COM	91324P102	23	187	SH		DFND	3	187	0	0
VALSPAR	COM	920355104	24,693	301,792	SH		SOLE		287,882	0	13,910
VALSPAR	COM	920355104	3,188	38,967	SH		DFND	2	0	0	38,967
VALSPAR	COM	920355104	19	231	SH		DFND		0	0	231
VERIZON COMMUNICATIONS	COM	92343V104	13,879	297,779	SH		SOLE		297,779	0	0
VERIZON COMMUNICATIONS	COM	92343V104	2,900	62,221	SH		DFND	2	0	0	62,221
VERIZON COMMUNICATIONS	COM	92343V104	17	371	SH		DFND		0	0	371
VF CORP	COM	918204108	932	13,367	SH		SOLE		11,936	0	1,431
VISA	COM	92826C839	18,222	271,362	SH		SOLE		269,562	0	1,800
VISA	COM	92826C839	3,700	55,100	SH		DFND	2	0	0	55,100
VISA	COM	92826C839	19	284	SH		DFND		0	0	284
VISA	COM	92826C839	18	272	SH		DFND	3	272	0	0
WADDELL & REED	COM	930059100	6,857	144,930	SH		SOLE		129,768	0	15,162
WASTE CONNECTIONS	COM	941053100	7,429	157,669	SH		SOLE		134,757	0	22,912
WASTE CONNECTIONS	COM	941053100	14	304	SH		DFND	3	304	0	0
WEC ENERGY GROUP INC	COM	92939U106	12,877	286,348	SH		SOLE		286,348	0	0
WEC ENERGY GROUP INC	COM	92939U106	2,263	50,317	SH		DFND	2	0	0	50,317
WEC ENERGY GROUP INC	COM	92939U106	14	301	SH		DFND		0	0	301
WESTWOOD HOLDINGS GROUP	COM	961765104	523	8,785	SH		SOLE		8,445	0	340
WW GRAINGER	COM	384802104	22,866	96,624	SH		SOLE		96,327	0	297
WW GRAINGER	COM	384802104	2,112	8,925	SH		DFND	2	0	0	8,925
WW GRAINGER	COM	384802104	11	48	SH		DFND		0	0	48
WW GRAINGER	COM	384802104	13	54	SH		DFND	3	54	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	23,513	287,057	SH		SOLE		274,281	0	12,776
WYNDHAM WORLDWIDE CORP	COM	98310W108	2,268	27,683	SH		DFND	2	0	0	27,683
WYNDHAM WORLDWIDE CORP	COM	98310W108	14	165	SH		DFND		0	0	165
WYNDHAM WORLDWIDE CORP	COM	98310W108	11	136	SH		DFND	3	136	0	0
XILINX	COM	983919101	7,571	171,455	SH		SOLE		150,469	0	20,986
XILINX	COM	983919101	11	242	SH		DFND	3	242	0	0
CLICKS GROUP LIMITED	COM	6105578	617	83,143	SH		SOLE		83,143	0	0
MTN GROUP LTD	COM	6563206	753	39,927	SH		SOLE		39,927	0	0
SASOL LIMITED	COM	6777450	738	19,896	SH		SOLE		19,896	0	0