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	354	1,506	SH		SOLE		1,506	0	0
ABAXIS INC	COM	002567105	16,269	328,536	SH		SOLE		314,115	0	14,421
ABBVIE INC	COM	00287Y109	454	4,699	SH		SOLE		4,699	0	0
ALEXANDRIA REAL ESTATE EQUITIE	COM	015271109	7,838	60,023	SH		SOLE		60,023	0	0
ALGONQUIN POWER AND UTILITIES	COM	015857105	28,358	2,541,080	SH		SOLE		2,471,138	0	69,942
ALGONQUIN POWER AND UTILITIES	COM	015857105	13	1,129	SH		DFND	3	1,129	0	0
ALLSTATE CORPORATION	COM	020002101	3,454	32,990	SH		SOLE		32,990	0	0
ALLSTATE CORPORATION	COM	020002101	18	173	SH		DFND	3	173	0	0
ALTRIA GROUP INC	COM	02209S103	213	2,978	SH		SOLE		2,628	0	350
AMERICAN STATES WATER COMPANY	COM	029899101	23,773	410,509	SH		SOLE		393,507	0	17,002
AMERICAN TOWER CORPORATION	COM	03027X100	6,851	48,023	SH		SOLE		47,597	0	426
AMERICAN TOWER CORPORATION	COM	03027X100	18	127	SH		DFND	3	127	0	0
AMERICAN WATER WORKS COMPANY I	COM	030420103	8,145	89,021	SH		SOLE		89,021	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	15,385	90,782	SH		SOLE		90,315	0	467
AMERIPRISE FINANCIAL INC	COM	03076C106	19	115	SH		DFND	3	115	0	0
AMERISAFE INC	COM	03071H100	10,042	163,025	SH		SOLE		154,904	0	8,121
AMERISOURCEBERGEN	COM	03073E105	7,206	78,478	SH		SOLE		78,478	0	0
AMGEN	COM	031162100	6,197	35,634	SH		SOLE		35,284	0	350
AMGEN	COM	031162100	14	80	SH		DFND	3	80	0	0
AMPHENOL CORP	COM	032095101	2,007	22,859	SH		SOLE		22,859	0	0
ANTERO MIDSTREAM GP LP	COM	03675Y103	5,265	266,984	SH		SOLE		256,929	0	10,055
APPLE INC	COM	037833100	6,948	41,056	SH		SOLE		40,722	0	334
APPLE INC	COM	037833100	19	110	SH		DFND	3	110	0	0
AUTO DATA PROCESSING	COM	053015103	1,061	9,056	SH		SOLE		8,491	0	565
BADGER METER INC.	COM	056525108	8,381	175,336	SH		SOLE		167,006	0	8,330
BANK OF THE OZARKS	COM	063904106	33,925	700,213	SH		SOLE		679,888	0	20,325
BANK OF THE OZARKS	COM	063904106	12	245	SH		DFND	3	245	0	0
BLACKROCK INC	COM	09247X101	5,461	10,631	SH		SOLE		10,472	0	159
BLACKROCK INC	COM	09247X101	18	36	SH		DFND	3	36	0	0
BOEING CO	COM	097023105	8,594	29,142	SH		SOLE		28,773	0	369
BOEING CO	COM	097023105	25	86	SH		DFND	3	86	0	0
BRIXMOR PROPERTY GROUP INC.	COM	11120U105	3,978	213,187	SH		SOLE		213,187	0	0
BROADCOM LIMITED	COM	Y09827109	7,405	28,825	SH		SOLE		28,562	0	263
BROADCOM LIMITED	COM	Y09827109	18	70	SH		DFND	3	70	0	0
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	15,622	172,469	SH		SOLE		171,741	0	728
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	19	209	SH		DFND	3	209	0	0
BWX TECHNOLOGIES INC	COM	05605H100	19,216	317,667	SH		SOLE		304,073	0	13,594
CALAVO GROWERS INC	COM	128246105	22,700	268,958	SH		SOLE		257,704	0	11,254
CANADIAN NATIONAL RAILWAY	COM	136375102	3,700	44,847	SH		SOLE		43,736	0	1,111
CASEY'S GENERAL STORES	COM	147528103	24,331	217,360	SH		SOLE		211,268	0	6,092
CASEY'S GENERAL STORES	COM	147528103	12	104	SH		DFND	3	104	0	0
CHEMED CORP	COM	16359R103	30,694	126,303	SH		SOLE		121,210	0	5,093
CHEMED CORP	COM	16359R103	20	83	SH		DFND	3	83	0	0
CHURCH AND DWIGHT	COM	171340102	17,223	343,292	SH		SOLE		342,119	0	1,173
CHURCH AND DWIGHT	COM	171340102	15	294	SH		DFND	3	294	0	0
COGENT COMMUNICATIONS HOLDINGS	COM	19239V302	13,682	302,024	SH		SOLE		288,946	0	13,078
COGNEX CORPORATION	COM	192422103	2,602	42,542	SH		SOLE		42,542	0	0
COHEN & STEERS INC	COM	19247A100	12,707	268,694	SH		SOLE		255,763	0	12,931
COMCAST	COM	20030N101	7,203	179,851	SH		SOLE		178,046	0	1,805
COMCAST	COM	20030N101	17	432	SH		DFND	3	432	0	0
COMFORT SYSTEMS USA INC.	COM	199908104	18,889	432,747	SH		SOLE		411,513	0	21,234
CONSTELLATION BRANDS INC-A	COM	21036P108	9,142	39,998	SH		SOLE		39,784	0	214
CORE-MARK HOLDING COMPANY	COM	218681104	16,423	520,031	SH		SOLE		499,108	0	20,923
CORESITE REALTY CORPORATION	COM	21870Q105	2,146	18,843	SH		SOLE		18,843	0	0
COSTCO WHOLESALE	COM	22160K105	7,187	38,614	SH		SOLE		38,348	0	266
COSTCO WHOLESALE	COM	22160K105	14	73	SH		DFND	3	73	0	0
CROWN CASTLE INTL	COM	22822V101	6,596	59,419	SH		SOLE		59,419	0	0
CVS HEALTH CORP	COM	126650100	4,975	68,621	SH		SOLE		68,621	0	0
CVS HEALTH CORP	COM	126650100	9	126	SH		DFND	3	126	0	0
DIGITAL REALTY TRUST INC REIT	COM	253868103	205	1,804	SH		SOLE		1,804	0	0
DISCOVER FINANCIAL	COM	254709108	18,346	238,505	SH		SOLE		237,523	0	982
DISCOVER FINANCIAL	COM	254709108	17	218	SH		DFND	3	218	0	0
DISNEY WALT	COM	254687106	3,580	33,298	SH		SOLE		33,298	0	0
DISNEY WALT	COM	254687106	12	116	SH		DFND	3	116	0	0
DOMINO'S PIZZA INC	COM	25754A201	8,070	42,706	SH		SOLE		42,706	0	0
DOMINO'S PIZZA INC	COM	25754A201	14	73	SH		DFND	3	73	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	3,511	36,169	SH		SOLE		36,169	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	13	134	SH		DFND	3	134	0	0
ECOLAB	COM	278865100	5,270	39,273	SH		SOLE		38,836	0	437
ECOLAB	COM	278865100	14	103	SH		DFND	3	103	0	0
ENCOMPASS HEALTH CORPORATION	COM	29261A100	28,117	569,048	SH		SOLE		552,528	0	16,520
EQUINIX INC	COM	29444U700	11,764	25,957	SH		SOLE		25,854	0	103
EQUINIX INC	COM	29444U700	12	27	SH		DFND	3	27	0	0
EVERCORE INC	COM	29977A105	22,377	248,631	SH		SOLE		238,478	0	10,153
EXPEDIA INC	COM	30212P303	13,364	111,584	SH		SOLE		111,235	0	349
EXPEDIA INC	COM	30212P303	13	107	SH		DFND	3	107	0	0
EXPONENT INC	COM	30214U102	14,826	208,519	SH		SOLE		198,195	0	10,324
EXXON MOBIL CORP	COM	30231G102	463	5,541	SH		SOLE		4,841	0	700
FACTSET RESEARCH SYSTEMS INC	COM	303075105	11,778	61,100	SH		SOLE		61,100	0	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	14	72	SH		DFND	3	72	0	0
FEDERAL AGRICULTURAL MORTGAGE	COM	313148306	3,187	40,736	SH		SOLE		38,636	0	2,100
FORTUNE BRANDS HOME & SEC INC	COM	34964C106	8,641	126,253	SH		SOLE		126,253	0	0
GENERAL ELECTRIC	COM	369604103	674	38,598	SH		SOLE		38,598	0	0
HANESBRAND INC	COM	410345102	7,552	361,169	SH		SOLE		361,169	0	0
HARRIS CORPORATION	COM	413875105	14,959	105,602	SH		SOLE		105,602	0	0
HARRIS CORPORATION	COM	413875105	18	125	SH		DFND	3	125	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	20,509	389,026	SH		SOLE		372,104	0	16,922
HEICO CORP	COM	422806109	35,371	374,896	SH		SOLE		360,338	0	14,558
HOME BANCSHARES	COM	436893200	17,006	731,458	SH		SOLE		701,034	0	30,424
HOME BANCSHARES	COM	436893200	13	578	SH		DFND	3	578	0	0
HOME DEPOT	COM	437076102	8,490	44,794	SH		SOLE		44,206	0	588
HOME DEPOT	COM	437076102	18	95	SH		DFND	3	95	0	0
HORMEL FOODS	COM	440452100	7,924	217,765	SH		SOLE		217,765	0	0
HORMEL FOODS	COM	440452100	11	297	SH		DFND	3	297	0	0
INTL FLAVORS AND FRAGRANCES	COM	459506101	14,166	92,825	SH		SOLE		92,825	0	0
INTL FLAVORS AND FRAGRANCES	COM	459506101	16	104	SH		DFND	3	104	0	0
INTUIT	COM	461202103	14,913	94,519	SH		SOLE		94,055	0	464
INTUIT	COM	461202103	18	111	SH		DFND	3	111	0	0
ISHARES TR RUSSELL 2000 INDX	COM	464287655	1,214	7,962	SH		SOLE		7,962	0	0
J AND J SNACK FOODS	COM	466032109	18,572	122,322	SH		SOLE		117,263	0	5,059
J2 GLOBAL COMMUNICATIONS	COM	48123V102	25,495	339,795	SH		SOLE		327,612	0	12,183
J2 GLOBAL COMMUNICATIONS	COM	48123V102	11	140	SH		DFND	3	140	0	0
JACK HENRY AND ASSOCIATES INC	COM	426281101	36,368	310,945	SH		SOLE		302,318	0	8,627
JACK HENRY AND ASSOCIATES INC	COM	426281101	17	148	SH		DFND	3	148	0	0
JOHNSON AND JOHNSON	COM	478160104	414	2,962	SH		SOLE		2,962	0	0
JPMORGAN CHASE	COM	46625H100	5,248	49,078	SH		SOLE		48,634	0	444
JPMORGAN CHASE	COM	46625H100	14	130	SH		DFND	3	130	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	12,668	730,115	SH		SOLE		699,107	0	31,008
LAZARD LTD-CL A	COM	G54050102	211	4,012	SH		SOLE		4,012	0	0
LITHIA MOTORS INC	COM	536797103	18,338	161,437	SH		SOLE		154,486	0	6,951
LITTELFUSE INC	COM	537008104	19,312	97,624	SH		SOLE		93,785	0	3,839
LOCKHEED MARTIN	COM	539830109	6,551	20,404	SH		SOLE		20,200	0	204
LOCKHEED MARTIN	COM	539830109	18	57	SH		DFND	3	57	0	0
MARKETAXESS HOLDINGS	COM	57060D108	14,155	70,160	SH		SOLE		69,925	0	235
MARKETAXESS HOLDINGS	COM	57060D108	13	66	SH		DFND	3	66	0	0
MCCORMICK AND CO	COM	579780206	2,466	24,202	SH		SOLE		24,202	0	0
MCCORMICK AND CO	COM	579780206	15	144	SH		DFND	3	144	0	0
MCDONALDS CORPORATION	COM	580135101	307	1,785	SH		SOLE		1,785	0	0
MEDTRONIC PLC	COM	G5960L103	6,130	75,914	SH		SOLE		75,482	0	432
MEDTRONIC PLC	COM	G5960L103	13	163	SH		DFND	3	163	0	0
MICROSOFT	COM	594918104	800	9,354	SH		SOLE		8,775	0	579
MICROSOFT	COM	594918104	9	111	SH		DFND	3	111	0	0
MORNINGSTAR INC	COM	617700109	15,449	159,314	SH		SOLE		151,502	0	7,812
MOTOROLA SOLUTIONS INC	COM	620076307	16,414	181,691	SH		SOLE		181,691	0	0
MOTOROLA SOLUTIONS INC	COM	620076307	15	162	SH		DFND	3	162	0	0
MSCI INC	COM	55354G100	14,136	111,711	SH		SOLE		111,711	0	0
MSCI INC	COM	55354G100	14	110	SH		DFND	3	110	0	0
NEENAH INC.	COM	640079109	16,653	183,708	SH		SOLE		174,588	0	9,120
NEWMARKET	COM	651587107	20,819	52,388	SH		SOLE		50,943	0	1,445
NEWMARKET	COM	651587107	13	33	SH		DFND	3	33	0	0
NEXTERA ENERGY	COM	65339F101	3,077	19,701	SH		SOLE		19,701	0	0
NEXTERA ENERGY	COM	65339F101	19	124	SH		DFND	3	124	0	0
NIC INC	COM	62914B100	8,909	536,691	SH		SOLE		509,366	0	27,325
NIELSEN HOLDINGS	COM	G6518L108	9,854	270,703	SH		SOLE		270,703	0	0
NIELSEN HOLDINGS	COM	G6518L108	11	314	SH		DFND	3	314	0	0
NORDSON CORP	COM	655663102	16,856	115,135	SH		SOLE		115,135	0	0
NORDSON CORP	COM	655663102	16	112	SH		DFND	3	112	0	0
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	503	9,380	SH		SOLE		9,380	0	0
NRG YIELD	COM	62942X405	4,124	218,177	SH		SOLE		181,358	0	36,819
NRG YIELD	COM	62942X306	13,073	693,533	SH		SOLE		693,420	0	113
ONEOK	COM	682680103	7,471	139,774	SH		SOLE		139,774	0	0
ONEOK	COM	682680103	14	270	SH		DFND	3	270	0	0
PAPA JOHNS INTERNATIONAL INC	COM	698813102	10,674	190,242	SH		SOLE		182,395	0	7,847
PAYCHEX INC	COM	704326107	5,195	76,305	SH		SOLE		76,305	0	0
PFIZER	COM	717081103	288	7,939	SH		SOLE		7,939	0	0
PHILIP MORRIS INTL	COM	718172109	517	4,898	SH		SOLE		4,738	0	160
PHILLIPS 66	COM	718546104	3,199	31,630	SH		SOLE		30,971	0	659
PHILLIPS 66	COM	718546104	15	151	SH		DFND	3	151	0	0
PHILLIPS 66 PARTNERS LP	COM	718549207	2,448	46,760	SH		SOLE		33,510	0	13,250
POOL CORP	COM	73278L105	26,961	207,949	SH		SOLE		200,171	0	7,778
POWER INTEGRATIONS INC	COM	739276103	19,538	265,644	SH		SOLE		254,286	0	11,358
PRAXAIR INC	COM	74005P104	201	1,297	SH		SOLE		1,297	0	0
PROSPERITY BANCSHARES	COM	743606105	9,218	131,556	SH		SOLE		131,556	0	0
QTS REALTY TRUST INC CLASS A	COM	74736A103	13,730	253,512	SH		SOLE		241,009	0	12,503
QUAKER CHEMICAL CORP	COM	747316107	17,474	115,883	SH		SOLE		110,790	0	5,093
QUEST DIAGNOSTICS	COM	74834L100	16,239	164,879	SH		SOLE		164,486	0	393
QUEST DIAGNOSTICS	COM	74834L100	10	105	SH		DFND	3	105	0	0
RESMED INC	COM	761152107	12,010	141,808	SH		SOLE		141,808	0	0
RETAIL OPPORTUNITY INVST CORP	COM	76131N101	14,752	739,468	SH		SOLE		708,872	0	30,596
RITCHIE BROS AUCTIONEERS	COM	767744105	16,629	555,587	SH		SOLE		531,220	0	24,367
ROCKWELL AUTOMATION	COM	773903109	5,192	26,441	SH		SOLE		26,441	0	0
ROSS STORES	COM	778296103	18,474	230,206	SH		SOLE		228,882	0	1,324
ROSS STORES	COM	778296103	18	227	SH		DFND	3	227	0	0
RYDER SYSTEMS INC	COM	783549108	18,134	215,448	SH		SOLE		206,259	0	9,189
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	16,750	242,681	SH		SOLE		232,398	0	10,283
SERVICE CORPORATION INTERNATIO	COM	817565104	10,898	292,020	SH		SOLE		292,020	0	0
SHERWIN WILLIAMS	COM	824348106	12,375	30,179	SH		SOLE		29,994	0	185
SHERWIN WILLIAMS	COM	824348106	14	33	SH		DFND	3	33	0	0
SNAP-ON INC	COM	833034101	13,560	77,799	SH		SOLE		77,799	0	0
SNAP-ON INC	COM	833034101	13	73	SH		DFND	3	73	0	0
SOUTH STATE CORP.	COM	840441109	18,099	207,678	SH		SOLE		198,626	0	9,052
STANDARD MOTOR PRODUCTS	COM	853666105	13,102	291,733	SH		SOLE		278,001	0	13,732
STANDEX INTERNATIONAL CORPORAT	COM	854231107	15,314	150,355	SH		SOLE		143,084	0	7,271
STARBUCKS	COM	855244109	6,042	105,202	SH		SOLE		104,605	0	597
STARBUCKS	COM	855244109	11	196	SH		DFND	3	196	0	0
STERIS CORP	COM	G84720104	27,930	319,309	SH		SOLE		310,635	0	8,674
SUNTRUST BANKS	COM	867914103	2,614	40,475	SH		SOLE		40,475	0	0
TEXAS INSTRUMENTS	COM	882508104	4,207	40,285	SH		SOLE		40,285	0	0
TEXAS INSTRUMENTS	COM	882508104	17	166	SH		DFND	3	166	0	0
THE ENSIGN GROUP INC	COM	29358P101	23,331	1,050,927	SH		SOLE		1,005,427	0	45,500
THOR INDUSTRIES INC	COM	885160101	25,827	171,355	SH		SOLE		164,208	0	7,147
TJX COMPANIES	COM	872540109	1,974	25,822	SH		SOLE		25,822	0	0
TJX COMPANIES	COM	872540109	13	174	SH		DFND	3	174	0	0
TORO CO	COM	891092108	6,052	92,773	SH		SOLE		92,773	0	0
TRACTOR SUPPLY CO	COM	892356106	10,217	136,688	SH		SOLE		136,688	0	0
U.S. PHYSICAL THERAPY INC.	COM	90337L108	12,459	172,568	SH		SOLE		164,267	0	8,301
UGI CORP	COM	902681105	2,650	56,446	SH		SOLE		56,446	0	0
UGI CORP	COM	902681105	18	373	SH		DFND	3	373	0	0
UNION PACIFIC	COM	907818108	2,569	19,158	SH		SOLE		19,158	0	0
UNION PACIFIC	COM	907818108	21	159	SH		DFND	3	159	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	8,643	39,204	SH		SOLE		38,818	0	386
UNITEDHEALTH GROUP INC	COM	91324P102	23	104	SH		DFND	3	104	0	0
VISA	COM	92826C839	8,319	72,960	SH		SOLE		71,919	0	1,041
VISA	COM	92826C839	17	149	SH		DFND	3	149	0	0
WASTE CONNECTIONS INC	COM	94106B101	20,074	282,975	SH		SOLE		281,826	0	1,149
WASTE CONNECTIONS INC	COM	94106B101	16	231	SH		DFND	3	231	0	0
WESTWOOD HOLDINGS GROUP	COM	961765104	592	8,938	SH		SOLE		8,598	0	340
WYNDHAM WORLDWIDE	COM	98310W108	17,049	147,138	SH		SOLE		146,583	0	555
WYNDHAM WORLDWIDE	COM	98310W108	20	171	SH		DFND	3	171	0	0
XILINX	COM	983919101	11,502	170,600	SH		SOLE		170,600	0	0
ZOETIS	COM	98978V103	11,239	156,016	SH		SOLE		156,016	0	0
ZOETIS	COM	98978V103	19	264	SH		DFND	3	264	0	0