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
3M COMPANY	COM	88579Y101	296	1,506	SH		SOLE		1,506	0	0
ABBVIE INC	COM	00287Y109	404	4,358	SH		SOLE		4,358	0	0
ADT CORPORATION	COM	00090Q103	7,339	848,409	SH		SOLE		848,409	0	0
AIR PRODUCTS AND CHEMICALS INC	COM	009158106	4,030	25,880	SH		SOLE		25,880	0	0
AIR PRODUCTS AND CHEMICALS INC	COM	009158106	16	105	SH		DFND	3	105	0	0
ALEXANDRIA REAL ESTATE EQUITIE	COM	015271109	8,446	66,938	SH		SOLE		66,938	0	0
ALGONQUIN POWER AND UTILITIES	COM	015857105	25,339	2,620,417	SH		SOLE		2,550,475	0	69,942
ALGONQUIN POWER AND UTILITIES	COM	015857105	14	1,401	SH		DFND	3	1,401	0	0
ALLSTATE CORPORATION	COM	020002101	2,827	30,974	SH		SOLE		30,974	0	0
ALLSTATE CORPORATION	COM	020002101	16	173	SH		DFND	3	173	0	0
AMERICAN STATES WATER COMPANY	COM	029899101	18,160	317,709	SH		SOLE		305,730	0	11,979
AMERICAN TOWER CORPORATION	COM	03027X100	6,620	45,918	SH		SOLE		45,600	0	318
AMERICAN TOWER CORPORATION	COM	03027X100	18	127	SH		DFND	3	127	0	0
AMERICAN WATER WORKS COMPANY I	COM	030420103	13,511	158,250	SH		SOLE		158,250	0	0
AMERICAN WATER WORKS COMPANY I	COM	030420103	15	176	SH		DFND	3	176	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	12,165	86,970	SH		SOLE		86,604	0	366
AMERIPRISE FINANCIAL INC	COM	03076C106	16	115	SH		DFND	3	115	0	0
AMERISAFE INC	COM	03071H100	10,330	178,883	SH		SOLE		170,762	0	8,121
AMGEN	COM	031162100	6,181	33,485	SH		SOLE		33,200	0	285
AMGEN	COM	031162100	18	97	SH		DFND	3	97	0	0
ANTERO MIDSTREAM GP LP	COM	03675Y103	22,632	1,200,024	SH		SOLE		1,156,046	0	43,978
APPLE INC	COM	037833100	7,222	39,017	SH		SOLE		38,736	0	281
APPLE INC	COM	037833100	20	110	SH		DFND	3	110	0	0
AUTO DATA PROCESSING	COM	053015103	1,190	8,871	SH		SOLE		8,406	0	465
BADGER METER INC.	COM	056525108	18,283	409,014	SH		SOLE		393,159	0	15,855
BANK OZK	COM	06417N103	32,553	722,753	SH		SOLE		702,574	0	20,179
BANK OZK	COM	06417N103	14	301	SH		DFND	3	301	0	0
BLACKROCK INC	COM	09247X101	5,103	10,225	SH		SOLE		10,095	0	130
BLACKROCK INC	COM	09247X101	18	36	SH		DFND	3	36	0	0
BOEING CO	COM	097023105	6,469	19,282	SH		SOLE		19,072	0	210
BOEING CO	COM	097023105	17	50	SH		DFND	3	50	0	0
BROADCOM INC	COM	11135F101	6,645	27,385	SH		SOLE		27,193	0	192
BROADCOM INC	COM	11135F101	17	70	SH		DFND	3	70	0	0
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	16,128	140,118	SH		SOLE		139,588	0	530
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	18	154	SH		DFND	3	154	0	0
BWX TECHNOLOGIES INC	COM	05605H100	20,661	331,539	SH		SOLE		317,945	0	13,594
CABLE ONE INC	COM	12685J105	21,243	28,969	SH		SOLE		27,836	0	1,133
CABOT MICROELECTRONICS CORPORA	COM	12709P103	15,695	145,915	SH		SOLE		139,393	0	6,522
CABOT OIL AND GAS CORPORATION	COM	127097103	12,094	508,148	SH		SOLE		507,248	0	900
CABOT OIL AND GAS CORPORATION	COM	127097103	17	717	SH		DFND	3	717	0	0
CALAVO GROWERS INC	COM	128246105	27,761	288,723	SH		SOLE		277,469	0	11,254
CANTEL MEDICAL CORP	COM	138098108	13,252	134,725	SH		SOLE		129,409	0	5,316
CASEY'S GENERAL STORES	COM	147528103	18,514	176,190	SH		SOLE		170,098	0	6,092
CASEY'S GENERAL STORES	COM	147528103	13	128	SH		DFND	3	128	0	0
CHEMED CORP	COM	16359R103	36,399	113,106	SH		SOLE		108,788	0	4,318
CHEMED CORP	COM	16359R103	20	62	SH		DFND	3	62	0	0
CHURCH AND DWIGHT	COM	171340102	17,570	330,513	SH		SOLE		329,576	0	937
CHURCH AND DWIGHT	COM	171340102	16	294	SH		DFND	3	294	0	0
COGENT COMMUNICATIONS HOLDINGS	COM	19239V302	17,288	323,751	SH		SOLE		310,673	0	13,078
COGNEX CORPORATION	COM	192422103	7,517	168,502	SH		SOLE		168,502	0	0
COHEN & STEERS INC	COM	19247A100	12,356	296,226	SH		SOLE		283,295	0	12,931
COMCAST	COM	20030N101	6,020	183,486	SH		SOLE		182,038	0	1,448
COMCAST	COM	20030N101	18	542	SH		DFND	3	542	0	0
COMFORT SYSTEMS USA INC.	COM	199908104	21,613	471,900	SH		SOLE		450,666	0	21,234
CONSTELLATION BRANDS INC-A	COM	21036P108	8,448	38,599	SH		SOLE		38,424	0	175
CORE-MARK HOLDING COMPANY	COM	218681104	12,400	546,258	SH		SOLE		525,335	0	20,923
CORESITE REALTY CORPORATION	COM	21870Q105	2,085	18,810	SH		SOLE		18,810	0	0
COSTCO WHOLESALE	COM	22160K105	7,683	36,766	SH		SOLE		36,575	0	191
COSTCO WHOLESALE	COM	22160K105	15	73	SH		DFND	3	73	0	0
CROWN CASTLE INTL	COM	22822V101	6,129	56,845	SH		SOLE		56,845	0	0
DIGITAL REALTY TRUST INC REIT	COM	253868103	201	1,804	SH		SOLE		1,804	0	0
DISCOVER FINANCIAL	COM	254709108	16,075	228,312	SH		SOLE		227,508	0	804
DISCOVER FINANCIAL	COM	254709108	15	218	SH		DFND	3	218	0	0
DOMINO'S PIZZA INC	COM	25754A201	12,805	45,382	SH		SOLE		45,382	0	0
DOMINO'S PIZZA INC	COM	25754A201	21	73	SH		DFND	3	73	0	0
ECOLAB	COM	278865100	5,298	37,755	SH		SOLE		37,382	0	373
ECOLAB	COM	278865100	14	103	SH		DFND	3	103	0	0
ENCOMPASS HEALTH CORPORATION	COM	29261A100	39,235	579,371	SH		SOLE		562,851	0	16,520
EQUINIX INC	COM	29444U700	11,318	26,327	SH		SOLE		26,243	0	84
EQUINIX INC	COM	29444U700	15	35	SH		DFND	3	35	0	0
EVERCORE INC	COM	29977A105	28,044	265,950	SH		SOLE		255,797	0	10,153
EXPEDIA GROUP INC	COM	30212P303	13,532	112,588	SH		SOLE		112,249	0	339
EXPEDIA GROUP INC	COM	30212P303	16	137	SH		DFND	3	137	0	0
EXPONENT INC	COM	30214U102	21,851	452,401	SH		SOLE		431,753	0	20,648
EXXON MOBIL CORP	COM	30231G102	458	5,541	SH		SOLE		4,841	0	700
FACTSET RESEARCH SYSTEMS INC	COM	303075105	13,748	69,399	SH		SOLE		69,399	0	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	14	72	SH		DFND	3	72	0	0
FEDERAL AGRICULTURAL MORTGAGE	COM	313148306	13,885	155,176	SH		SOLE		148,286	0	6,890
FORTUNE BRANDS HOME & SEC INC	COM	34964C106	6,581	122,566	SH		SOLE		122,566	0	0
GENERAL ELECTRIC	COM	369604103	525	38,598	SH		SOLE		38,598	0	0
HARRIS CORPORATION	COM	413875105	13,916	96,280	SH		SOLE		96,280	0	0
HARRIS CORPORATION	COM	413875105	18	125	SH		DFND	3	125	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	17,985	416,412	SH		SOLE		399,490	0	16,922
HEICO CORP	COM	422806109	34,411	471,831	SH		SOLE		454,508	0	17,322
HOME BANCSHARES	COM	436893200	17,583	779,410	SH		SOLE		748,986	0	30,424
HOME DEPOT	COM	437076102	7,398	37,919	SH		SOLE		37,434	0	485
HOME DEPOT	COM	437076102	19	95	SH		DFND	3	95	0	0
HORMEL FOODS	COM	440452100	9,386	252,247	SH		SOLE		252,247	0	0
HORMEL FOODS	COM	440452100	14	386	SH		DFND	3	386	0	0
INTL FLAVORS AND FRAGRANCES	COM	459506101	7,298	58,873	SH		SOLE		58,873	0	0
INTUIT	COM	461202103	17,645	86,367	SH		SOLE		85,970	0	397
INTUIT	COM	461202103	23	111	SH		DFND	3	111	0	0
J AND J SNACK FOODS	COM	466032109	19,955	130,879	SH		SOLE		125,820	0	5,059
J2 GLOBAL COMMUNICATIONS	COM	48123V102	31,185	360,060	SH		SOLE		347,877	0	12,183
J2 GLOBAL COMMUNICATIONS	COM	48123V102	15	176	SH		DFND	3	176	0	0
JACK HENRY AND ASSOCIATES INC	COM	426281101	42,059	322,641	SH		SOLE		314,015	0	8,626
JACK HENRY AND ASSOCIATES INC	COM	426281101	19	148	SH		DFND	3	148	0	0
JOHNSON AND JOHNSON	COM	478160104	334	2,751	SH		SOLE		2,751	0	0
JPMORGAN CHASE	COM	46625H100	4,961	47,615	SH		SOLE		47,121	0	494
JPMORGAN CHASE	COM	46625H100	14	130	SH		DFND	3	130	0	0
KENNEDY-WILSON HOLDINGS INC	COM	489398107	20,696	978,532	SH		SOLE		939,976	0	38,556
LAZARD LTD-CL A	COM	G54050102	203	4,142	SH		SOLE		4,142	0	0
LEAR CORP	COM	521865204	4,424	23,808	SH		SOLE		23,808	0	0
LITHIA MOTORS INC	COM	536797103	16,278	172,121	SH		SOLE		165,170	0	6,951
LITTELFUSE INC	COM	537008104	23,101	101,241	SH		SOLE		97,402	0	3,839
LOCKHEED MARTIN	COM	539830109	5,783	19,576	SH		SOLE		19,398	0	178
LOCKHEED MARTIN	COM	539830109	17	57	SH		DFND	3	57	0	0
MARKETAXESS HOLDINGS	COM	57060D108	13,298	67,209	SH		SOLE		67,015	0	194
MARKETAXESS HOLDINGS	COM	57060D108	13	66	SH		DFND	3	66	0	0
MCCORMICK AND CO	COM	579780206	3,018	26,000	SH		SOLE		26,000	0	0
MCCORMICK AND CO	COM	579780206	17	144	SH		DFND	3	144	0	0
MCDONALDS CORPORATION	COM	580135101	280	1,785	SH		SOLE		1,785	0	0
MEDTRONIC PLC	COM	G5960L103	5,959	69,602	SH		SOLE		69,269	0	333
MEDTRONIC PLC	COM	G5960L103	14	163	SH		DFND	3	163	0	0
MICROSOFT	COM	594918104	3,491	35,400	SH		SOLE		34,902	0	498
MICROSOFT	COM	594918104	21	216	SH		DFND	3	216	0	0
MORNINGSTAR INC	COM	617700109	22,066	172,054	SH		SOLE		164,242	0	7,812
MOTOROLA SOLUTIONS INC	COM	620076307	20,346	174,837	SH		SOLE		174,837	0	0
MOTOROLA SOLUTIONS INC	COM	620076307	19	162	SH		DFND	3	162	0	0
MSCI INC	COM	55354G100	17,709	107,050	SH		SOLE		107,050	0	0
MSCI INC	COM	55354G100	18	110	SH		DFND	3	110	0	0
NEENAH INC.	COM	640079109	16,833	198,382	SH		SOLE		189,262	0	9,120
NEWMARKET	COM	651587107	12,750	31,521	SH		SOLE		30,076	0	1,445
NEXTERA ENERGY	COM	65339F101	3,053	18,278	SH		SOLE		18,278	0	0
NEXTERA ENERGY	COM	65339F101	21	124	SH		DFND	3	124	0	0
NIELSEN HOLDINGS	COM	G6518L108	8,588	277,669	SH		SOLE		277,669	0	0
NIELSEN HOLDINGS	COM	G6518L108	13	413	SH		DFND	3	413	0	0
NORDSON CORP	COM	655663102	14,179	110,421	SH		SOLE		110,421	0	0
NORDSON CORP	COM	655663102	14	112	SH		DFND	3	112	0	0
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	444	9,635	SH		SOLE		9,635	0	0
NRG YIELD	COM	62942X405	4,275	248,541	SH		SOLE		211,722	0	36,819
NRG YIELD	COM	62942X306	12,307	721,831	SH		SOLE		721,718	0	113
ONEOK	COM	682680103	14,382	205,963	SH		SOLE		205,425	0	538
ONEOK	COM	682680103	19	270	SH		DFND	3	270	0	0
PAPA JOHNS INTERNATIONAL INC	COM	698813102	10,515	207,310	SH		SOLE		199,463	0	7,847
PAYCHEX INC	COM	704326107	10,220	149,531	SH		SOLE		149,531	0	0
PAYCHEX INC	COM	704326107	15	213	SH		DFND	3	213	0	0
PERRIGO COMPANY	COM	G97822103	9,087	124,633	SH		SOLE		124,633	0	0
PERRIGO COMPANY	COM	G97822103	14	192	SH		DFND	3	192	0	0
PETMED EXPRESS INC	COM	716382106	17,102	388,245	SH		SOLE		373,108	0	15,137
PFIZER	COM	717081103	288	7,939	SH		SOLE		7,939	0	0
PHILIP MORRIS INTL	COM	718172109	513	6,358	SH		SOLE		6,198	0	160
PHILLIPS 66	COM	718546104	5,875	52,309	SH		SOLE		51,781	0	528
PHILLIPS 66	COM	718546104	20	176	SH		DFND	3	176	0	0
PHILLIPS 66 PARTNERS LP	COM	718549207	3,317	64,959	SH		SOLE		50,235	0	14,724
POOL CORP	COM	73278L105	30,052	198,364	SH		SOLE		190,586	0	7,778
POWER INTEGRATIONS INC	COM	739276103	20,773	284,372	SH		SOLE		273,015	0	11,357
PRAXAIR INC	COM	74005P104	205	1,297	SH		SOLE		1,297	0	0
PROSPERITY BANCSHARES	COM	743606105	8,703	127,306	SH		SOLE		127,306	0	0
QTS REALTY TRUST INC CLASS A	COM	74736A103	14,348	363,231	SH		SOLE		347,056	0	16,175
QUAKER CHEMICAL CORP	COM	747316107	19,220	124,107	SH		SOLE		119,014	0	5,093
QUEST DIAGNOSTICS	COM	74834L100	17,463	158,837	SH		SOLE		158,542	0	295
QUEST DIAGNOSTICS	COM	74834L100	21	192	SH		DFND	3	192	0	0
RESMED INC	COM	761152107	11,338	109,460	SH		SOLE		109,460	0	0
RETAIL OPPORTUNITY INVST CORP	COM	76131N101	15,177	792,130	SH		SOLE		761,534	0	30,596
ROCKWELL AUTOMATION	COM	773903109	5,924	35,639	SH		SOLE		35,639	0	0
ROSS STORES	COM	778296103	18,661	220,189	SH		SOLE		219,098	0	1,091
ROSS STORES	COM	778296103	19	227	SH		DFND	3	227	0	0
RYDER SYSTEMS INC	COM	783549108	20,951	291,550	SH		SOLE		280,226	0	11,324
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	21,600	259,772	SH		SOLE		249,489	0	10,283
SERVICE CORPORATION INTERNATIO	COM	817565104	12,602	352,112	SH		SOLE		352,112	0	0
SERVICE CORPORATION INTERNATIO	COM	817565104	12	348	SH		DFND	3	348	0	0
SHERWIN WILLIAMS	COM	824348106	11,714	28,742	SH		SOLE		28,593	0	149
SHERWIN WILLIAMS	COM	824348106	18	45	SH		DFND	3	45	0	0
SNAP-ON INC	COM	833034101	10,062	62,608	SH		SOLE		62,608	0	0
STANDARD MOTOR PRODUCTS	COM	853666105	15,285	316,190	SH		SOLE		302,458	0	13,732
STANDEX INTERNATIONAL CORPORAT	COM	854231107	16,645	162,867	SH		SOLE		155,596	0	7,271
STARBUCKS	COM	855244109	4,456	91,209	SH		SOLE		90,728	0	481
STARBUCKS	COM	855244109	10	196	SH		DFND	3	196	0	0
STERIS CORP	COM	G84720104	31,420	299,214	SH		SOLE		290,540	0	8,674
SUNTRUST BANKS	COM	867914103	2,545	38,548	SH		SOLE		38,548	0	0
SUNTRUST BANKS	COM	867914103	14	207	SH		DFND	3	207	0	0
TEXAS INSTRUMENTS	COM	882508104	4,126	37,420	SH		SOLE		37,420	0	0
TEXAS INSTRUMENTS	COM	882508104	18	166	SH		DFND	3	166	0	0
THE ENSIGN GROUP INC	COM	29358P101	32,434	905,474	SH		SOLE		870,082	0	35,392
THOR INDUSTRIES INC	COM	885160101	17,872	183,505	SH		SOLE		176,358	0	7,147
TJX COMPANIES	COM	872540109	2,267	23,823	SH		SOLE		23,823	0	0
TJX COMPANIES	COM	872540109	17	174	SH		DFND	3	174	0	0
TORO CO	COM	891092108	7,180	119,170	SH		SOLE		119,170	0	0
TRACTOR SUPPLY CO	COM	892356106	10,146	132,649	SH		SOLE		132,649	0	0
U.S. PHYSICAL THERAPY INC.	COM	90337L108	17,970	187,186	SH		SOLE		178,885	0	8,301
UNION PACIFIC	COM	907818108	6,027	42,540	SH		SOLE		42,133	0	407
UNION PACIFIC	COM	907818108	23	159	SH		DFND	3	159	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	7,855	32,016	SH		SOLE		31,701	0	315
UNITEDHEALTH GROUP INC	COM	91324P102	22	89	SH		DFND	3	89	0	0
VISA	COM	92826C839	8,832	66,681	SH		SOLE		65,967	0	714
VISA	COM	92826C839	20	149	SH		DFND	3	149	0	0
WASTE CONNECTIONS INC	COM	94106B101	19,416	257,918	SH		SOLE		256,807	0	1,111
WASTE CONNECTIONS INC	COM	94106B101	17	231	SH		DFND	3	231	0	0
WESTWOOD HOLDINGS GROUP	COM	961765104	538	9,031	SH		SOLE		8,691	0	340
WYNDHAM DESTINATIONS INC	COM	98310W108	4,949	111,798	SH		SOLE		111,798	0	0
WYNDHAM HOTELS & RESORTS INC	COM	98311A105	9,659	164,193	SH		SOLE		163,277	0	916
XILINX	COM	983919101	10,783	165,237	SH		SOLE		165,237	0	0
ZOETIS	COM	98978V103	12,290	144,262	SH		SOLE		144,262	0	0
ZOETIS	COM	98978V103	21	242	SH		DFND	3	242	0	0