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
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
3M COMPANY	COM	88579Y101	315	1,500	SH		SOLE		1,500	0	0
ABAXIS INC	COM	002567105	14,931	334,392	SH		SOLE		319,971	0	14,421
ABBVIE INC	COM	00287Y109	416	4,683	SH		SOLE		4,683	0	0
ALEXANDRIA REAL ESTATE EQUITIE	COM	015271109	6,979	58,666	SH		SOLE		58,666	0	0
ALGONQUIN POWER AND UTILITIES	COM	015857105	16,702	1,580,105	SH		SOLE		1,526,423	0	53,682
ALLSTATE CORPORATION	COM	020002101	4,302	46,803	SH		SOLE		46,803	0	0
ALLSTATE CORPORATION	COM	020002101	16	173	SH		DFND	3	173	0	0
ALTRIA GROUP INC	COM	02209S103	271	4,271	SH		SOLE		3,921	0	350
AMERICAN STATES WATER COMPANY	COM	029899101	20,614	418,555	SH		SOLE		401,553	0	17,002
AMERICAN TOWER CORPORATION	COM	03027X100	6,747	49,361	SH		SOLE		48,935	0	426
AMERICAN TOWER CORPORATION	COM	03027X100	17	127	SH		DFND	3	127	0	0
AMERICAN WATER WORKS COMPANY I	COM	030420103	6,311	78,000	SH		SOLE		78,000	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	13,460	90,635	SH		SOLE		90,163	0	472
AMERIPRISE FINANCIAL INC	COM	03076C106	17	115	SH		DFND	3	115	0	0
AMERISAFE INC	COM	03071H100	9,710	166,842	SH		SOLE		158,721	0	8,121
AMERISOURCEBERGEN	COM	03073E105	8,839	106,813	SH		SOLE		106,813	0	0
AMGEN	COM	031162100	6,852	36,749	SH		SOLE		36,399	0	350
AMGEN	COM	031162100	15	80	SH		DFND	3	80	0	0
AMPHENOL CORP	COM	032095101	2,033	24,014	SH		SOLE		24,014	0	0
ANADARKO PETE CORP	COM	032511107	244	5,000	SH		SOLE		5,000	0	0
APPLE INC	COM	037833100	6,502	42,188	SH		SOLE		41,854	0	334
APPLE INC	COM	037833100	17	110	SH		DFND	3	110	0	0
AUTO DATA PROCESSING	COM	053015103	989	9,045	SH		SOLE		8,451	0	594
BANK OF THE OZARKS	COM	063904106	38,815	807,811	SH		SOLE		787,444	0	20,367
BANK OF THE OZARKS	COM	063904106	12	245	SH		DFND	3	245	0	0
BLACKROCK INC	COM	09247X101	4,888	10,933	SH		SOLE		10,772	0	161
BLACKROCK INC	COM	09247X101	16	36	SH		DFND	3	36	0	0
BOEING CO	COM	097023105	7,628	30,007	SH		SOLE		29,626	0	381
BOEING CO	COM	097023105	22	86	SH		DFND	3	86	0	0
BRIXMOR PROPERTY GROUP INC.	COM	11120U105	3,935	209,326	SH		SOLE		209,326	0	0
BROADCOM LIMITED	COM	Y09827109	8,126	33,504	SH		SOLE		33,236	0	268
BROADCOM LIMITED	COM	Y09827109	19	79	SH		DFND	3	79	0	0
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	13,807	170,833	SH		SOLE		170,095	0	738
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	17	209	SH		DFND	3	209	0	0
BWX TECHNOLOGIES INC	COM	05605H100	18,151	324,017	SH		SOLE		310,423	0	13,594
CALAVO GROWERS INC	COM	128246105	19,988	273,063	SH		SOLE		261,809	0	11,254
CANADIAN NATIONAL RAILWAY	COM	136375102	3,840	46,350	SH		SOLE		45,224	0	1,126
CASEY'S GENERAL STORES	COM	147528103	24,151	220,661	SH		SOLE		214,569	0	6,092
CASEY'S GENERAL STORES	COM	147528103	11	104	SH		DFND	3	104	0	0
CHEMED CORP	COM	16359R103	26,074	129,046	SH		SOLE		123,953	0	5,093
CHEMED CORP	COM	16359R103	17	83	SH		DFND	3	83	0	0
CHURCH AND DWIGHT	COM	171340102	16,563	341,859	SH		SOLE		340,686	0	1,173
CHURCH AND DWIGHT	COM	171340102	14	294	SH		DFND	3	294	0	0
COGENT COMMUNICATIONS HOLDINGS	COM	19239V302	15,045	307,660	SH		SOLE		294,582	0	13,078
COGNEX CORPORATION	COM	192422103	3,310	30,010	SH		SOLE		29,985	0	25
COMCAST	COM	20030N101	7,109	184,755	SH		SOLE		182,950	0	1,805
COMCAST	COM	20030N101	17	432	SH		DFND	3	432	0	0
COMFORT SYSTEMS USA INC.	COM	199908104	15,764	441,581	SH		SOLE		420,347	0	21,234
CONSTELLATION BRANDS INC-A	COM	21036P108	7,758	38,898	SH		SOLE		38,674	0	224
CORE-MARK HOLDING COMPANY	COM	218681104	15,393	478,940	SH		SOLE		458,017	0	20,923
CORESITE REALTY CORPORATION	COM	21870Q105	2,062	18,427	SH		SOLE		18,427	0	0
COSTCO WHOLESALE	COM	22160K105	6,527	39,728	SH		SOLE		39,462	0	266
COSTCO WHOLESALE	COM	22160K105	12	73	SH		DFND	3	73	0	0
CROWN CASTLE INTL	COM	22822V101	5,783	57,841	SH		SOLE		57,841	0	0
CVS HEALTH CORP	COM	126650100	4,928	60,604	SH		SOLE		60,071	0	533
CVS HEALTH CORP	COM	126650100	10	126	SH		DFND	3	126	0	0
DIGITAL REALTY TRUST INC REIT	COM	253868103	214	1,807	SH		SOLE		1,807	0	0
DISCOVER FINANCIAL	COM	254709108	15,411	239,006	SH		SOLE		237,972	0	1,034
DISCOVER FINANCIAL	COM	254709108	14	218	SH		DFND	3	218	0	0
DISNEY WALT	COM	254687106	4,046	41,046	SH		SOLE		40,533	0	513
DISNEY WALT	COM	254687106	11	116	SH		DFND	3	116	0	0
DOMINO'S PIZZA INC	COM	25754A201	3,295	16,595	SH		SOLE		16,595	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	3,349	37,852	SH		SOLE		37,852	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	12	134	SH		DFND	3	134	0	0
ECOLAB	COM	278865100	5,162	40,133	SH		SOLE		39,690	0	443
ECOLAB	COM	278865100	13	103	SH		DFND	3	103	0	0
ENBRIDGE INC	COM	29250N105	3,080	73,603	SH		SOLE		72,474	0	1,129
ENBRIDGE INC	COM	29250N105	12	276	SH		DFND	3	276	0	0
ENERGY TRANSFER PARTNERS	COM	29278N103	2,656	145,218	SH		SOLE		145,218	0	0
EQUINIX INC	COM	29444U700	5,034	11,279	SH		SOLE		11,279	0	0
EVERCORE INC	COM	29977A105	18,999	236,742	SH		SOLE		226,589	0	10,153
EXPEDIA INC	COM	30212P303	9,223	64,077	SH		SOLE		64,077	0	0
EXPONENT INC	COM	30214U102	15,791	213,677	SH		SOLE		203,353	0	10,324
EXXON MOBIL CORP	COM	30231G102	462	5,641	SH		SOLE		4,941	0	700
FACTSET RESEARCH SYSTEMS INC	COM	303075105	10,942	60,749	SH		SOLE		60,749	0	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	13	72	SH		DFND	3	72	0	0
FORTIS INC	COM	349553107	3,567	99,720	SH		SOLE		99,720	0	0
FORTUNE BRANDS HOME & SEC INC	COM	34964C106	5,681	84,504	SH		SOLE		84,504	0	0
GENERAL ELECTRIC	COM	369604103	933	38,598	SH		SOLE		38,598	0	0
HANESBRAND INC	COM	410345102	8,755	355,332	SH		SOLE		355,332	0	0
HARRIS CORPORATION	COM	413875105	16,357	124,216	SH		SOLE		124,216	0	0
HARRIS CORPORATION	COM	413875105	16	125	SH		DFND	3	125	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	21,431	397,083	SH		SOLE		380,161	0	16,922
HEALTHSOUTH CORP	COM	421924309	26,545	572,702	SH		SOLE		556,182	0	16,520
HEICO CORP	COM	422806109	34,491	384,041	SH		SOLE		369,483	0	14,558
HOME BANCSHARES	COM	436893200	20,927	829,782	SH		SOLE		799,358	0	30,424
HOME BANCSHARES	COM	436893200	15	578	SH		DFND	3	578	0	0
HOME DEPOT	COM	437076102	7,550	46,163	SH		SOLE		45,567	0	596
HOME DEPOT	COM	437076102	16	95	SH		DFND	3	95	0	0
HORMEL FOODS	COM	440452100	6,995	217,638	SH		SOLE		217,638	0	0
HORMEL FOODS	COM	440452100	10	297	SH		DFND	3	297	0	0
INTL FLAVORS AND FRAGRANCES	COM	459506101	13,219	92,498	SH		SOLE		92,498	0	0
INTL FLAVORS AND FRAGRANCES	COM	459506101	15	104	SH		DFND	3	104	0	0
INTUIT	COM	461202103	13,721	96,534	SH		SOLE		96,064	0	470
INTUIT	COM	461202103	16	111	SH		DFND	3	111	0	0
J AND J SNACK FOODS	COM	466032109	16,421	125,067	SH		SOLE		120,008	0	5,059
J AND J SNACK FOODS	COM	466032109	14	106	SH		DFND	3	106	0	0
J2 GLOBAL COMMUNICATIONS	COM	48123V102	25,945	351,173	SH		SOLE		338,990	0	12,183
J2 GLOBAL COMMUNICATIONS	COM	48123V102	10	140	SH		DFND	3	140	0	0
JACK HENRY AND ASSOCIATES INC	COM	426281101	35,751	347,806	SH		SOLE		339,179	0	8,627
JACK HENRY AND ASSOCIATES INC	COM	426281101	15	148	SH		DFND	3	148	0	0
JOHNSON AND JOHNSON	COM	478160104	385	2,962	SH		SOLE		2,962	0	0
JPMORGAN CHASE	COM	46625H100	2,347	24,575	SH		SOLE		24,097	0	478
KENNEDY-WILSON HOLDINGS INC	COM	489398107	14,068	758,397	SH		SOLE		727,389	0	31,008
LAZARD LTD-CL A	COM	G54050102	5,929	131,115	SH		SOLE		131,115	0	0
LITHIA MOTORS INC	COM	536797103	19,835	164,869	SH		SOLE		157,918	0	6,951
LITTELFUSE INC	COM	537008104	28,911	147,597	SH		SOLE		141,540	0	6,057
LOCKHEED MARTIN	COM	539830109	6,502	20,956	SH		SOLE		20,741	0	215
LOCKHEED MARTIN	COM	539830109	18	57	SH		DFND	3	57	0	0
MARKETAXESS HOLDINGS	COM	57060D108	11,642	63,099	SH		SOLE		62,851	0	248
MCCORMICK AND CO	COM	579780206	2,007	19,554	SH		SOLE		19,554	0	0
MCCORMICK AND CO	COM	579780206	15	144	SH		DFND	3	144	0	0
MCDONALDS CORPORATION	COM	580135101	280	1,785	SH		SOLE		1,785	0	0
MEDTRONIC PLC	COM	G5960L103	6,079	78,163	SH		SOLE		77,731	0	432
MEDTRONIC PLC	COM	G5960L103	13	163	SH		DFND	3	163	0	0
MICROSOFT	COM	594918104	214	2,871	SH		SOLE		2,761	0	110
MORNINGSTAR INC	COM	617700109	13,921	163,793	SH		SOLE		155,981	0	7,812
MOTOROLA SOLUTIONS INC	COM	620076307	15,380	181,219	SH		SOLE		181,219	0	0
MOTOROLA SOLUTIONS INC	COM	620076307	14	162	SH		DFND	3	162	0	0
MSCI INC	COM	55354G100	12,935	110,654	SH		SOLE		110,654	0	0
MSCI INC	COM	55354G100	17	148	SH		DFND	3	148	0	0
NEENAH PAPER INC.	COM	640079109	16,158	188,876	SH		SOLE		179,756	0	9,120
NEWMARKET	COM	651587107	20,729	48,687	SH		SOLE		47,242	0	1,445
NEWMARKET	COM	651587107	14	33	SH		DFND	3	33	0	0
NEXTERA ENERGY	COM	65339F101	3,001	20,476	SH		SOLE		20,476	0	0
NEXTERA ENERGY	COM	65339F101	18	124	SH		DFND	3	124	0	0
NIC INC	COM	62914B100	9,706	565,970	SH		SOLE		538,645	0	27,325
NIELSEN HOLDINGS	COM	G6518L108	10,101	243,696	SH		SOLE		243,696	0	0
NORDSON CORP	COM	655663102	13,553	114,375	SH		SOLE		114,375	0	0
NORDSON CORP	COM	655663102	13	112	SH		DFND	3	112	0	0
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	461	9,575	SH		SOLE		9,575	0	0
NRG YIELD	COM	62942X405	4,254	220,399	SH		SOLE		183,580	0	36,819
NRG YIELD	COM	62942X306	13,670	720,628	SH		SOLE		720,515	0	113
PAPA JOHNS INTERNATIONAL INC	COM	698813102	14,539	198,968	SH		SOLE		191,121	0	7,847
PAYCHEX INC	COM	704326107	4,442	74,076	SH		SOLE		74,076	0	0
PFIZER	COM	717081103	282	7,897	SH		SOLE		7,897	0	0
PHILIP MORRIS INTL	COM	718172109	433	3,902	SH		SOLE		3,742	0	160
PHILLIPS 66	COM	718546104	2,862	31,244	SH		SOLE		30,585	0	659
PHILLIPS 66	COM	718546104	14	151	SH		DFND	3	151	0	0
PHILLIPS 66 PARTNERS LP	COM	718549207	2,498	47,525	SH		SOLE		34,275	0	13,250
POOL CORP	COM	73278L105	23,018	212,791	SH		SOLE		205,013	0	7,778
POWER INTEGRATIONS INC	COM	739276103	19,857	271,264	SH		SOLE		259,906	0	11,358
PROSPERITY BANCSHARES	COM	743606105	8,521	129,633	SH		SOLE		129,633	0	0
QTS REALTY TRUST INC CLASS A	COM	74736A103	9,637	184,060	SH		SOLE		175,159	0	8,901
QUAKER CHEMICAL CORP	COM	747316107	17,532	118,498	SH		SOLE		113,405	0	5,093
QUEST DIAGNOSTICS	COM	74834L100	15,388	164,331	SH		SOLE		163,908	0	423
RESMED INC	COM	761152107	10,715	139,231	SH		SOLE		139,231	0	0
RETAIL OPPORTUNITY INVST CORP	COM	76131N101	14,306	752,571	SH		SOLE		721,975	0	30,596
RITCHIE BROS AUCTIONEERS	COM	767744105	18,021	569,931	SH		SOLE		545,564	0	24,367
ROCKWELL AUTOMATION	COM	773903109	8,219	46,118	SH		SOLE		46,118	0	0
ROSS STORES	COM	778296103	14,849	229,965	SH		SOLE		228,578	0	1,387
ROSS STORES	COM	778296103	15	227	SH		DFND	3	227	0	0
RYDER SYSTEMS INC	COM	783549108	18,635	220,408	SH		SOLE		211,219	0	9,189
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	15,474	247,619	SH		SOLE		237,336	0	10,283
SERVICE CORPORATION INTERNATIO	COM	817565104	9,881	286,412	SH		SOLE		286,412	0	0
SHERWIN WILLIAMS	COM	824348106	10,840	30,277	SH		SOLE		30,092	0	185
SHERWIN WILLIAMS	COM	824348106	17	48	SH		DFND	3	48	0	0
SNAP-ON INC	COM	833034101	11,537	77,425	SH		SOLE		77,425	0	0
SNAP-ON INC	COM	833034101	11	73	SH		DFND	3	73	0	0
SOUTH STATE CORP.	COM	840441109	19,097	212,070	SH		SOLE		203,018	0	9,052
STANDARD MOTOR PRODUCTS	COM	853666105	14,417	298,795	SH		SOLE		285,063	0	13,732
STANDEX INTERNATIONAL CORPORAT	COM	854231107	12,856	121,051	SH		SOLE		115,269	0	5,782
STARBUCKS	COM	855244109	5,719	106,479	SH		SOLE		105,882	0	597
STARBUCKS	COM	855244109	11	196	SH		DFND	3	196	0	0
STERIS CORP	COM	G84720104	35,099	397,051	SH		SOLE		385,024	0	12,027
STERIS CORP	COM	G84720104	14	156	SH		DFND	3	156	0	0
SUNTRUST BANKS	COM	867914103	3,743	62,629	SH		SOLE		62,629	0	0
TEXAS INSTRUMENTS	COM	882508104	3,800	42,392	SH		SOLE		42,392	0	0
TEXAS INSTRUMENTS	COM	882508104	15	166	SH		DFND	3	166	0	0
THE ENSIGN GROUP INC	COM	29358P101	24,426	1,081,279	SH		SOLE		1,035,779	0	45,500
THOR INDUSTRIES INC	COM	885160101	27,380	217,459	SH		SOLE		208,648	0	8,811
TJX COMPANIES	COM	872540109	1,996	27,069	SH		SOLE		27,069	0	0
TJX COMPANIES	COM	872540109	13	174	SH		DFND	3	174	0	0
TRACTOR SUPPLY CO	COM	892356106	6,751	106,664	SH		SOLE		106,664	0	0
UGI CORP	COM	902681105	2,739	58,448	SH		SOLE		58,448	0	0
UGI CORP	COM	902681105	17	373	SH		DFND	3	373	0	0
UNION PACIFIC	COM	907818108	2,235	19,273	SH		SOLE		19,273	0	0
UNION PACIFIC	COM	907818108	18	159	SH		DFND	3	159	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	7,929	40,484	SH		SOLE		40,092	0	392
UNITEDHEALTH GROUP INC	COM	91324P102	20	104	SH		DFND	3	104	0	0
VISA	COM	92826C839	8,931	84,860	SH		SOLE		83,789	0	1,071
VISA	COM	92826C839	16	149	SH		DFND	3	149	0	0
WASTE CONNECTIONS INC	COM	94106B101	22,429	320,591	SH		SOLE		319,418	0	1,173
WASTE CONNECTIONS INC	COM	94106B101	23	328	SH		DFND	3	328	0	0
WESTWOOD HOLDINGS GROUP	COM	961765104	615	9,148	SH		SOLE		8,808	0	340
WYNDHAM WORLDWIDE	COM	98310W108	15,449	146,563	SH		SOLE		146,002	0	561
WYNDHAM WORLDWIDE	COM	98310W108	18	171	SH		DFND	3	171	0	0
XILINX	COM	983919101	11,862	167,471	SH		SOLE		167,471	0	0
ZOETIS	COM	98978V103	9,919	155,566	SH		SOLE		155,566	0	0
ZOETIS	COM	98978V103	17	264	SH		DFND	3	264	0	0