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
ALIMENTATION COUCHE-TARD INC	COM	2011646	1,237	28,942	SH		SOLE		28,942	0	0
CCL INDUSTRIES IN CLASS B	COM	2159795	796	4,599	SH		SOLE		4,599	0	0
METRO IN	COM	2583952	924	26,655	SH		SOLE		26,655	0	0
ACTELION LTD	COM	B1YD5Q2	653	3,896	SH		SOLE		3,896	0	0
BAYER AG	COM	5069211	700	7,000	SH		SOLE		7,000	0	0
FRESENIUS SE & CO.KGaA	COM	4352097	846	11,573	SH		SOLE		11,573	0	0
GERRESHEIMER AG	COM	B1Y47Y7	1,026	13,395	SH		SOLE		13,395	0	0
HUHTAMAKI OYJ	COM	4447476	597	14,448	SH		SOLE		14,448	0	0
KERRY GROUP PLC CLASS A	COM	4519579	1,507	16,995	SH		SOLE		16,995	0	0
LINDE AG	COM	5740817	809	5,808	SH		SOLE		5,808	0	0
MERCK KGAA	COM	4741844	623	6,163	SH		SOLE		6,163	0	0
SAFRAN SA	COM	B058TZ6	395	5,837	SH		SOLE		5,837	0	0
CAPITA PLC	COM	B23K0M2	529	41,327	SH		SOLE		41,327	0	0
CLOSE BROTHERS GROUP PLC	COM	0766807	233	15,459	SH		SOLE		15,459	0	0
IMPERIAL BRANDS PLC	COM	0454492	1,326	24,466	SH		SOLE		24,466	0	0
MONDI PLC	COM	B1CRLC4	555	29,782	SH		SOLE		29,782	0	0
ROYAL MAIL PLC	COM	BDVZYZ7	252	37,805	SH		SOLE		37,805	0	0
SAB MILLERPLC	COM	0483548	575	9,838	SH		SOLE		9,838	0	0
SMITH & NEPHEW PLC	COM	0922320	960	56,922	SH		SOLE		56,922	0	0
AIA GROUP LIMITED	COM	B4TX8S1	241	40,400	SH		SOLE		40,400	0	0
TECHTRONIC INDUSTRIES CO LTD	COM	B0190C7	460	110,600	SH		SOLE		110,600	0	0
FUJI HEAVY INDUSTRIES LTD	COM	6356406	283	8,400	SH		SOLE		8,400	0	0
JAPAN TOBACCO INC	COM	6474535	619	15,485	SH		SOLE		15,485	0	0
3M COMPANY	COM	88579Y101	263	1,500	SH		SOLE		1,500	0	0
ABAXIS, INC	COM	002567105	16,864	357,070	SH		SOLE		262,440	0	94,630
ABBVIE INC	COM	00287Y109	335	5,406	SH		SOLE		5,298	0	108
ALTRIA GROUP INC	COM	02209S103	14,314	207,571	SH		SOLE		207,221	0	350
ALTRIA GROUP INC	COM	02209S103	3,241	47,005	SH		DFND	2	0	0	47,005
AMERICAN STATES WATER COMPANY	COM	029899101	19,624	447,835	SH		SOLE		328,262	0	119,573
AMERICAN TOWER	COM	03027X100	3,061	26,944	SH		SOLE		26,201	0	743
AMERICAN TOWER	COM	03027X100	14	127	SH		DFND	3	127	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	7,971	88,717	SH		SOLE		79,415	0	9,302
AMERIPRISE FINANCIAL INC	COM	03076C106	12	132	SH		DFND	3	132	0	0
AMERISOURCEBERGEN	COM	03073E105	5,384	67,872	SH		SOLE		56,963	0	10,909
AMGEN	COM	031162100	2,628	17,275	SH		SOLE		16,617	0	658
AMGEN	COM	031162100	12	80	SH		DFND	3	80	0	0
ANADARKO PETE CORP	COM	032511107	426	8,000	SH		SOLE		8,000	0	0
APACHE CORP	COM	037411105	371	6,666	SH		SOLE		6,666	0	0
APPLE INC	COM	037833100	2,037	21,306	SH		SOLE		20,746	0	560
APPLE INC	COM	037833100	11	110	SH		DFND	3	110	0	0
AUTO DATA PROCESSING	COM	053015103	1,196	13,021	SH		SOLE		11,730	0	1,291
B/E AEROSPACE INC	COM	073302101	911	19,738	SH		SOLE		2,603	0	17,135
BANK OF THE OZARKS	COM	063904106	32,455	865,001	SH		SOLE		706,196	0	158,805
BANK OF THE OZARKS	COM	063904106	15	402	SH		DFND	3	402	0	0
BLACKROCK INC	COM	09247X101	2,232	6,515	SH		SOLE		6,261	0	254
BLACKROCK INC	COM	09247X101	12	36	SH		DFND	3	36	0	0
BOEING CO	COM	097023105	2,399	18,475	SH		SOLE		17,867	0	608
BOEING CO	COM	097023105	11	86	SH		DFND	3	86	0	0
BRINKER INTL	COM	109641100	13,894	305,153	SH		SOLE		226,899	0	78,254
BRIXMOR PROPERTY GROUP INC.	COM	11120U105	6,850	258,900	SH		SOLE		222,153	0	36,747
BROADCOM LIMITED	COM	Y09827109	11,882	76,459	SH		SOLE		75,964	0	495
BROADCOM LIMITED	COM	Y09827109	16	103	SH		DFND	3	103	0	0
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	9,265	142,094	SH		SOLE		127,478	0	14,616
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	14	209	SH		DFND	3	209	0	0
CANADIAN NATIONAL RAILWAY	COM	136375102	788	13,347	SH		SOLE		11,611	0	1,736
CARDINAL HEALTH	COM	14149Y108	2,785	35,705	SH		SOLE		34,473	0	1,232
CARDINAL HEALTH	COM	14149Y108	11	144	SH		DFND	3	144	0	0
CASEY'S GENERAL STORES	COM	147528103	54,246	412,488	SH		SOLE		357,955	0	54,533
CASEY'S GENERAL STORES	COM	147528103	3,650	27,756	SH		DFND	2	0	0	27,756
CASEY'S GENERAL STORES	COM	147528103	14	104	SH		DFND	3	104	0	0
CEB INC.	COM	125134106	14,783	239,671	SH		SOLE		174,881	0	64,790
CEB INC.	COM	125134106	12	195	SH		DFND	3	195	0	0
CHEMED CORP	COM	16359R103	18,747	137,529	SH		SOLE		102,021	0	35,508
CHEMED CORP	COM	16359R103	11	83	SH		DFND	3	83	0	0
CHUBB LTD	COM	H1467J104	1,605	12,278	SH		SOLE		11,568	0	710
CHURCH AND DWIGHT	COM	171340102	21,810	211,972	SH		SOLE		199,605	0	12,367
CHURCH AND DWIGHT	COM	171340102	3,626	35,243	SH		DFND	2	0	0	35,243
CHURCH AND DWIGHT	COM	171340102	15	147	SH		DFND	3	147	0	0
CHURCHILL DOWNS INC	COM	171484108	11,829	93,617	SH		SOLE		67,562	0	26,055
COCA COLA EUROPEAN PARTNERS PL	COM	G25839104	7,800	218,560	SH		SOLE		218,560	0	0
COCA COLA EUROPEAN PARTNERS PL	COM	G25839104	2,228	62,426	SH		DFND	2	0	0	62,426
COMCAST	COM	20030N101	3,662	56,178	SH		SOLE		54,652	0	1,526
COMCAST	COM	20030N101	19	294	SH		DFND	3	294	0	0
COMFORT SYSTEMS USA, INC.	COM	199908104	10,886	334,225	SH		SOLE		257,553	0	76,672
CORE-MARK HOLDING COMPANY	COM	218681104	19,882	424,294	SH		SOLE		305,912	0	118,382
COSTCO WHOLESALE	COM	22160K105	16,142	102,792	SH		SOLE		102,298	0	494
COSTCO WHOLESALE	COM	22160K105	3,351	21,341	SH		DFND	2	0	0	21,341
COSTCO WHOLESALE	COM	22160K105	11	73	SH		DFND	3	73	0	0
CROWN CASTLE INTL	COM	22822V101	6,291	62,024	SH		SOLE		62,024	0	0
CVS HEALTH CORP	COM	126650100	18,542	193,667	SH		SOLE		192,644	0	1,023
CVS HEALTH CORP	COM	126650100	3,028	31,630	SH		DFND	2	0	0	31,630
CVS HEALTH CORP	COM	126650100	16	164	SH		DFND	3	164	0	0
DIGITAL REALTY TRUST INC REIT	COM	253868103	265	2,430	SH		SOLE		2,430	0	0
DISCOVER FINANCIAL SVCS	COM	254709108	9,403	175,471	SH		SOLE		175,471	0	0
DISCOVER FINANCIAL SVCS	COM	254709108	12	218	SH		DFND	3	218	0	0
DISCOVER FINANCIAL SVCS	COM	254709108	0	0	SH		DFND	2	0	0	0
DISNEY WALT	COM	254687106	2,200	22,494	SH		SOLE		21,637	0	857
DISNEY WALT	COM	254687106	13	130	SH		DFND	3	130	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	13,545	140,174	SH		SOLE		140,174	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	3,146	32,556	SH		DFND	2	0	0	32,556
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	13	134	SH		DFND	3	134	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	20,986	441,432	SH		SOLE		320,171	0	121,261
ECOLAB	COM	278865100	2,919	24,611	SH		SOLE		23,868	0	743
ECOLAB	COM	278865100	12	103	SH		DFND	3	103	0	0
ENTERPRISE PRD PRTNRS LP	COM	293792107	223	7,634	SH		SOLE		7,634	0	0
EQUIFAX INC	COM	294429105	4,405	34,309	SH		SOLE		27,092	0	7,217
EVERCORE PARTNERS INC. CLASS A	COM	29977A105	11,057	250,213	SH		SOLE		180,433	0	69,780
EVERSOURCE ENERGY	COM	30040W108	12,650	211,184	SH		SOLE		211,184	0	0
EVERSOURCE ENERGY	COM	30040W108	3,292	54,951	SH		DFND	2	0	0	54,951
EXPEDIA INC	COM	30212P303	6,713	63,154	SH		SOLE		55,648	0	7,506
EXPONENT INC	COM	30214U102	21,362	365,728	SH		SOLE		284,890	0	80,838
EXXON MOBIL CORP	COM	30231G102	692	7,378	SH		SOLE		6,578	0	800
FACTSET RESEARCH SYSTEMS INC	COM	303075105	7,461	46,220	SH		SOLE		40,638	0	5,582
FACTSET RESEARCH SYSTEMS INC	COM	303075105	12	72	SH		DFND	3	72	0	0
G AND K SERVICES	COM	361268105	16,817	219,626	SH		SOLE		161,041	0	58,585
GENERAL ELECTRIC	COM	369604103	1,221	38,781	SH		SOLE		38,598	0	183
HARRIS CORPORATION	COM	413875105	7,937	95,127	SH		SOLE		83,692	0	11,435
HARRIS CORPORATION	COM	413875105	10	125	SH		DFND	3	125	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	23,780	574,677	SH		SOLE		430,428	0	144,249
HEALTHSOUTH CORP	COM	421924309	23,592	607,726	SH		SOLE		492,229	0	115,497
HEICO CORP	COM	422806109	23,842	356,865	SH		SOLE		267,966	0	88,899
HOME BANCSHARES	COM	436893200	19,949	1,008,051	SH		SOLE		734,711	0	273,340
HOME BANCSHARES	COM	436893200	11	578	SH		DFND	3	578	0	0
HOME DEPOT	COM	437076102	3,429	26,851	SH		SOLE		25,856	0	995
HOME DEPOT	COM	437076102	12	95	SH		DFND	3	95	0	0
HORMEL FOODS	COM	440452100	8,166	223,108	SH		SOLE		223,108	0	0
HORMEL FOODS	COM	440452100	2,544	69,502	SH		DFND	2	0	0	69,502
INTERNATIONAL PAPER COMPANY	COM	460146103	3,418	80,658	SH		SOLE		80,658	0	0
INTL FLAVORS AND FRAGRANCES	COM	459506101	21,152	167,776	SH		SOLE		161,108	0	6,668
INTL FLAVORS AND FRAGRANCES	COM	459506101	2,906	23,050	SH		DFND	2	0	0	23,050
INTL FLAVORS AND FRAGRANCES	COM	459506101	13	104	SH		DFND	3	104	0	0
INTUIT	COM	461202103	8,126	72,803	SH		SOLE		72,034	0	769
INTUIT	COM	461202103	12	111	SH		DFND	3	111	0	0
INVESCO LTD	COM	BMG491BT1	204	8,000	SH		SOLE		8,000	0	0
ITC HOLDINGS CORP	COM	465685105	23,713	506,477	SH		SOLE		483,802	0	22,675
ITC HOLDINGS CORP	COM	465685105	4,013	85,707	SH		DFND	2	0	0	85,707
J AND J SNACK FOODS	COM	466032109	21,133	177,183	SH		SOLE		132,003	0	45,180
J AND J SNACK FOODS	COM	466032109	13	106	SH		DFND	3	106	0	0
J2 GLOBAL COMMUNICATIONS	COM	48123V102	21,861	346,065	SH		SOLE		258,087	0	87,978
J2 GLOBAL COMMUNICATIONS	COM	48123V102	9	140	SH		DFND	3	140	0	0
JACK HENRY AND ASSOCIATES INC	COM	426281101	34,002	389,619	SH		SOLE		319,549	0	70,070
JOHNSON AND JOHNSON	COM	478160104	445	3,672	SH		SOLE		3,672	0	0
KANSAS CITY SOUTHERN	COM	485170302	6,620	73,482	SH		SOLE		66,124	0	7,358
KROGER	COM	501044101	18,022	489,852	SH		SOLE		487,281	0	2,571
KROGER	COM	501044101	3,182	86,483	SH		DFND	2	0	0	86,483
KROGER	COM	501044101	11	292	SH		DFND	3	292	0	0
LAZARD LTD-CL A	COM	G54050102	4,170	140,036	SH		SOLE		140,036	0	0
LITHIA MOTORS INC	COM	536797103	12,618	177,543	SH		SOLE		129,443	0	48,100
LITTELFUSE INC	COM	537008104	19,066	161,318	SH		SOLE		120,092	0	41,226
LOCKHEED MARTIN	COM	539830109	2,783	11,216	SH		SOLE		11,216	0	0
LOCKHEED MARTIN	COM	539830109	14	57	SH		DFND	3	57	0	0
MCDONALDS	COM	580135101	280	2,325	SH		SOLE		2,245	0	80
MEDTRONIC PLC	COM	G5960L103	4,321	49,800	SH		SOLE		48,952	0	848
MEDTRONIC PLC	COM	G5960L103	14	163	SH		DFND	3	163	0	0
MICROSOFT	COM	594918104	207	4,051	SH		SOLE		3,601	0	450
MONOTYPE IMAGING HOLDINGS INC	COM	61022P100	12,654	513,756	SH		SOLE		399,018	0	114,738
NEENAH PAPER INC.	COM	640079109	5,253	72,592	SH		SOLE		55,962	0	16,630
NEW JERSEY RESOURCES	COM	646025106	6,041	156,710	SH		SOLE		156,710	0	0
NEWMARKET	COM	651587107	20,818	50,240	SH		SOLE		40,072	0	10,168
NEWMARKET	COM	651587107	14	33	SH		DFND	3	33	0	0
NEXTERA ENERGY	COM	65339F101	14,065	107,859	SH		SOLE		107,859	0	0
NEXTERA ENERGY	COM	65339F101	3,573	27,403	SH		DFND	2	0	0	27,403
NEXTERA ENERGY	COM	65339F101	16	124	SH		DFND	3	124	0	0
NIELSEN HOLDINGS PLC	COM	G6518L108	5,970	114,866	SH		SOLE		114,866	0	0
NORDSON CORP	COM	655663102	9,154	109,484	SH		SOLE		99,676	0	9,808
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	3,540	65,818	SH		SOLE		64,031	0	1,787
NRG YIELD	COM	62942X306	18,762	1,232,738	SH		SOLE		960,838	0	271,900
OMEGA HEALTHCARE INVESTORS	COM	681936100	9,290	273,629	SH		SOLE		243,308	0	30,321
OMEGA HEALTHCARE INVESTORS	COM	681936100	15	433	SH		DFND	3	433	0	0
OMEGA HEALTHCARE INVESTORS	COM	681936100	0	0	SH		DFND	2	0	0	0
PAPA JOHNS INTERNATIONAL INC	COM	698813102	10,610	156,035	SH		SOLE		120,218	0	35,817
PARKER HANNIFIN	COM	701094104	227	2,100	SH		SOLE		2,100	0	0
PFIZER	COM	717081103	291	8,262	SH		SOLE		8,262	0	0
PHILIP MORRIS INTL	COM	718172109	1,093	10,742	SH		SOLE		10,582	0	160
PHILLIPS 66	COM	718546104	2,565	32,334	SH		SOLE		31,273	0	1,061
PHILLIPS 66	COM	718546104	12	151	SH		DFND	3	151	0	0
PHILLIPS 66 PARTNERS LP	COM	718549207	4,381	78,409	SH		SOLE		5,393	0	73,016
POLARIS INDUSTRIES	COM	731068102	4,815	58,894	SH		SOLE		49,199	0	9,695
POOL CORP	COM	73278L105	27,787	295,514	SH		SOLE		220,544	0	74,970
POWER INTEGRATIONS, INC	COM	739276103	11,615	231,968	SH		SOLE		167,168	0	64,800
PROSPERITY BANCSHARES	COM	743606105	5,791	113,570	SH		SOLE		95,528	0	18,042
QUAKER CHEMICAL CORP	COM	747316107	15,249	170,953	SH		SOLE		133,142	0	37,811
QUEST DIAGNOSTICS	COM	74834L100	9,194	112,938	SH		SOLE		102,815	0	10,123
RESMED INC	COM	761152107	8,313	131,480	SH		SOLE		119,040	0	12,440
RETAIL OPPORTUNITY INVST CORP	COM	76131N101	23,752	1,096,070	SH		SOLE		812,816	0	283,254
RITCHIE BROS AUCTIONEERS	COM	767744105	18,201	538,806	SH		SOLE		371,824	0	166,982
ROCKWELL AUTOMATION	COM	773903109	6,547	57,016	SH		SOLE		49,980	0	7,036
ROSS STORES	COM	778296103	11,986	211,433	SH		SOLE		208,436	0	2,997
ROSS STORES	COM	778296103	20	360	SH		DFND	3	360	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	10,517	207,641	SH		SOLE		159,981	0	47,660
SABRA HEALTH CARE REIT	COM	78573L106	12,058	584,325	SH		SOLE		450,446	0	133,879
SCHLUMBERGER	COM	806857108	195	2,467	SH		SOLE		2,467	0	0
SCHLUMBERGER	COM	806857108	14	178	SH		DFND	3	178	0	0
SCRIPPS NETWORKS INTER-CL A	COM	811065101	8,032	128,984	SH		SOLE		113,989	0	14,995
SCRIPPS NETWORKS INTER-CL A	COM	811065101	11	175	SH		DFND	3	175	0	0
SERVICE CORPORATION INTERNATIO	COM	817565104	7,115	263,119	SH		SOLE		231,848	0	31,271
SHERWIN WILLIAMS	COM	824348106	6,219	21,177	SH		SOLE		21,177	0	0
SHERWIN WILLIAMS	COM	824348106	14	48	SH		DFND	3	48	0	0
SMITH AND NEPHEW PLC	COM	83175M205	6,183	180,154	SH		SOLE		158,121	0	22,033
SNAP-ON INC	COM	833034101	9,619	60,948	SH		SOLE		54,340	0	6,608
SNAP-ON INC	COM	833034101	12	73	SH		DFND	3	73	0	0
SOUTH STATE CORP.	COM	840441109	15,457	227,139	SH		SOLE		166,843	0	60,296
SOUTHWEST GAS	COM	844895102	6,720	85,373	SH		SOLE		85,373	0	0
STANDARD MOTOR PRODUCTS	COM	853666105	13,648	343,094	SH		SOLE		266,819	0	76,275
STANDEX INTERNATIONAL CORPORAT	COM	854231107	13,553	164,017	SH		SOLE		126,206	0	37,811
STARBUCKS	COM	855244109	2,800	49,014	SH		SOLE		48,055	0	959
STARBUCKS	COM	855244109	11	196	SH		DFND	3	196	0	0
STERIS CORP	COM	G84720104	30,672	446,145	SH		SOLE		367,546	0	78,599
STERIS CORP	COM	G84720104	11	156	SH		DFND	3	156	0	0
SUNOCO LOGISTICS PARTNERS L.P	COM	86764L108	4,333	150,705	SH		SOLE		150,705	0	0
SUNTRUST BANKS INC	COM	867914103	205	5,000	SH		SOLE		5,000	0	0
TANGER FACTORY OUTLET CENTERS	COM	875465106	23,966	596,460	SH		SOLE		480,138	0	116,322
TEVA PHARMACEUTICAL	COM	881624209	3,123	62,165	SH		SOLE		62,165	0	0
TEVA PHARMACEUTICAL	COM	881624209	11	219	SH		DFND	3	219	0	0
THE ENSIGN GROUP INC	COM	29358P101	19,579	931,908	SH		SOLE		684,069	0	247,839
THOR INDUSTRIES INC	COM	885160101	15,416	238,125	SH		SOLE		174,970	0	63,155
TJX COMPANIES	COM	872540109	188	2,433	SH		SOLE		2,433	0	0
TJX COMPANIES	COM	872540109	13	174	SH		DFND	3	174	0	0
TRACTOR SUPPLY CO	COM	892356106	10,868	119,194	SH		SOLE		107,781	0	11,413
UGI CORP	COM	902681105	7,899	174,569	SH		SOLE		174,569	0	0
UGI CORP	COM	902681105	3,444	76,113	SH		DFND	2	0	0	76,113
UGI CORP	COM	902681105	17	373	SH		DFND	3	373	0	0
UNION PACIFIC	COM	907818108	1,831	20,986	SH		SOLE		20,986	0	0
UNION PACIFIC	COM	907818108	14	159	SH		DFND	3	159	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	3,832	27,138	SH		SOLE		26,118	0	1,020
UNITEDHEALTH GROUP INC	COM	91324P102	26	187	SH		DFND	3	187	0	0
VALSPAR	COM	920355104	1,280	11,852	SH		SOLE		1,577	0	10,275
VERIZON COMMUNICATIONS	COM	92343V104	13,228	236,895	SH		SOLE		236,895	0	0
VERIZON COMMUNICATIONS	COM	92343V104	3,340	59,822	SH		DFND	2	0	0	59,822
VF CORP	COM	918204108	777	12,629	SH		SOLE		11,272	0	1,357
VISA	COM	92826C839	3,491	47,064	SH		SOLE		45,357	0	1,707
VISA	COM	92826C839	11	149	SH		DFND	3	149	0	0
WALGREEN BOOTS ALLIANCE	COM	931427108	7,171	86,116	SH		SOLE		86,116	0	0
WASTE CONNECTIONS INC	COM	94106B101	13,472	186,988	SH		SOLE		168,574	0	18,414
WASTE CONNECTIONS INC	COM	94106B101	16	219	SH		DFND	3	219	0	0
WEC ENERGY GROUP	COM	92939U106	15,830	242,423	SH		SOLE		242,423	0	0
WEC ENERGY GROUP	COM	92939U106	3,539	54,193	SH		DFND	2	0	0	54,193
WEC ENERGY GROUP	COM	92939U106	16	241	SH		DFND	3	241	0	0
WELLS FARGO	COM	949746101	2,370	50,076	SH		SOLE		48,512	0	1,564
WELLS FARGO	COM	949746101	10	220	SH		DFND	3	220	0	0
WESTWOOD HOLDINGS GROUP	COM	961765104	504	9,738	SH		SOLE		9,398	0	340
WW GRAINGER	COM	384802104	330	1,450	SH		SOLE		1,450	0	0
WW GRAINGER	COM	384802104	0	1	SH		DFND	2	0	0	1
WYNDHAM WORLDWIDE	COM	98310W108	8,166	114,643	SH		SOLE		101,814	0	12,829
WYNDHAM WORLDWIDE	COM	98310W108	12	171	SH		DFND	3	171	0	0
XILINX	COM	983919101	7,489	162,342	SH		SOLE		146,840	0	15,502