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
ANZ GROUP HOLDINGS LTD-ADR	ADR	03736N104	2	108	SH		SOLE		108	0	0
ASML HOLDINGS NV-NY REG SHS	ADR	00B908F01	2	3	SH		SOLE		3	0	0
ASSA ABLOY AB - UNSP ADR	ADR	045387107	2	174	SH		SOLE		174	0	0
BAE SYSTEMS PLC-SPON ADR	ADR	05523R107	2	40	SH		SOLE		40	0	0
BRENNTAG SE-UNSP ADR	ADR	107180101	3	216	SH		SOLE		216	0	0
CRODA INTERNATIONAL PLC ADR	ADR	227047305	2	52	SH		SOLE		52	0	0
DBS GROUP HOLDINGS - SPON ADR	ADR	23304Y100	3	29	SH		SOLE		29	0	0
DNB ASA-SPONSOR ADR	ADR	23341C103	3	140	SH		SOLE		140	0	0
IBERDROLA SA-SPONSORED ADR	ADR	450737101	3	65	SH		SOLE		65	0	0
LONZA GROUP AG - UNSPONS ADR	ADR	54338V101	1	22	SH		SOLE		22	0	0
LVMH MOET HENNESSY-UNSP ADR	ADR	502441306	4	23	SH		SOLE		23	0	0
MERCK KGAA SPONSORED ADR	ADR	589339209	2	65	SH		SOLE		65	0	0
MTU AERO ENGINES	ADR	62473G102	2	18	SH		SOLE		18	0	0
MURATA MANUFACTURING CO LTD UN	ADR	626425102	3	216	SH		SOLE		216	0	0
NIDEC CORPORATION-SPON ADR	ADR	654090109	3	196	SH		SOLE		196	0	0
NITORI HLDGS CO LTD-UNSPON ADR	ADR	65479L108	3	219	SH		SOLE		219	0	0
RENTOKIL INITIAL PLC - SP ADR	ADR	760125104	3	82	SH		SOLE		82	0	0
ROCHE HOLDINGS LTD-SPONS ADR	ADR	771195104	2	68	SH		SOLE		68	0	0
SHIMANO INC - UNSPON ADR	ADR	82455C101	2	99	SH		SOLE		99	0	0
SHIN-ETSU CHEM-UNSPON ADR	ADR	824551105	5	114	SH		SOLE		114	0	0
SIKA AG-BR-ADR	ADR	82674R103	2	72	SH		SOLE		72	0	0
SVENSKA HANDELSB-A-UNSP ADR	ADR	86959C103	3	596	SH		SOLE		596	0	0
TELEPERFORMANCE UNSPONSORD ADR	ADR	87946F100	1	10	SH		SOLE		10	0	0
TERNA SPA-UNSPONSORED ADR	ADR	88088L103	2	86	SH		SOLE		86	0	0
TESCO PLC-SPONSORED ADR	ADR	881575401	2	246	SH		SOLE		246	0	0
THALES SA - UNSPON ADR	ADR	883219206	3	114	SH		SOLE		114	0	0
WOLTERS KLUWER NV-SPONS ADR	ADR	977874205	2	18	SH		SOLE		18	0	0
3M CO	COM	88579Y101	158	1,500	SH		SOLE		1,500	0	0
A10 NETWORKS INC	COM	002121101	38	2,472	SH		SOLE		2,472	0	0
AARON'S CO INC/THE	COM	00258W108	0	5	SH		DFND	5	0	5	0
ABBOTT LABORATORIES	COM	002824100	126	1,248	SH		SOLE		1,248	0	0
ABBVIE INC	COM	00287Y109	266	1,670	SH		SOLE		1,670	0	0
ABM INDUSTRIES INC	COM	000957100	49,214	1,095,105	SH		SOLE		929,540	0	165,565
ABM INDUSTRIES INC	COM	000957100	4,770	106,132	SH		DFND	5	0	106,132	0
ABM INDUSTRIES INC	COM	000957100	5,287	117,653	SH		DFND	4	0	117,653	0
ACCENTURE PLC	COM	G1151C101	4,532	15,857	SH		SOLE		15,818	0	39
ACCENTURE PLC	COM	G1151C101	2,204	7,713	SH		DFND	4	0	7,713	0
ACTIVISION BLIZZARD INC	COM	00507V109	273	3,193	SH		SOLE		3,193	0	0
ADVANCE AUTO PARTS INC	COM	00751Y106	9,456	77,754	SH		SOLE		74,054	0	3,700
ADVANCE AUTO PARTS INC	COM	00751Y106	2,726	22,419	SH		DFND	5	0	22,419	0
ADVANCE AUTO PARTS INC	COM	00751Y106	3,233	26,589	SH		DFND	4	0	26,589	0
AIR LEASE CORP	COM	00912X302	53,645	1,362,584	SH		SOLE		1,155,415	0	207,169
AIR LEASE CORP	COM	00912X302	4,434	112,613	SH		DFND	5	0	112,613	0
AIR LEASE CORP	COM	00912X302	4,882	124,006	SH		DFND	4	0	124,006	0
AIR PRODUCTS & CHEMICALS INC	COM	009158106	4,978	17,332	SH		SOLE		17,280	0	52
AIR PRODUCTS & CHEMICALS INC	COM	009158106	2,978	10,369	SH		DFND	4	0	10,369	0
ALBEMARLE	COM	012653101	1,103	4,992	SH		SOLE		4,992	0	0
ALEXANDRIA REAL EST REIT	COM	015271109	945	7,526	SH		SOLE		7,526	0	0
ALGONQUIN POWER & UTILITIES	COM	015857105	0	47	SH		DFND	5	0	47	0
ALLISON TRANSMISSION HOLDING	COM	01973R101	53,276	1,177,631	SH		SOLE		995,496	0	182,135
ALLISON TRANSMISSION HOLDING	COM	01973R101	4,629	102,329	SH		DFND	5	0	102,329	0
ALLISON TRANSMISSION HOLDING	COM	01973R101	5,178	114,461	SH		DFND	4	0	114,461	0
ALLSTATE CORP	COM	020002101	935	8,440	SH		SOLE		8,440	0	0
ALPHABET INC	COM	02079K107	44	420	SH		SOLE		420	0	0
ALTRIA GROUP INC	COM	02209S103	18	413	SH		SOLE		413	0	0
AMAZON.COM INC	COM	023135106	54	520	SH		SOLE		520	0	0
AMDOCS LTD	COM	G02602103	5	52	SH		SOLE		52	0	0
AMERICAN TOWER	COM	03027X100	567	2,775	SH		SOLE		2,775	0	0
AMERICAN WATER WORKS CO INC	COM	030420103	66	450	SH		SOLE		450	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	4,971	16,219	SH		SOLE		16,172	0	47
AMERIPRISE FINANCIAL INC	COM	03076C106	2,837	9,256	SH		DFND	4	0	9,256	0
AMGEN INC	COM	031162100	99	411	SH		SOLE		411	0	0
AMPHENOL CORP CLASS A	COM	032095101	227	2,777	SH		SOLE		2,777	0	0
APPLE INC	COM	037833100	8,917	54,073	SH		SOLE		53,900	0	173
APPLE INC	COM	037833100	5,668	34,373	SH		DFND	4	0	34,373	0
ARIS WATER SOLUTION INC-A	COM	04041L106	16,562	2,126,074	SH		SOLE		1,709,037	0	417,037
ARKO CORP	COM	041242108	38	4,525	SH		SOLE		4,525	0	0
ASTEC INDS INC	COM	046224101	32	776	SH		SOLE		776	0	0
ASTRAZENECA PLC ADR F SPONSORE	COM	046353108	3	41	SH		SOLE		41	0	0
AT&T	COM	00206R102	11	552	SH		SOLE		552	0	0
ATRION CORP	COM	049904105	43	68	SH		SOLE		68	0	0
AUDIOCODES LTD	COM	M15342104	18,784	1,245,629	SH		SOLE		1,002,432	0	243,197
AUTO DATA PROCESSING	COM	053015103	3,816	17,139	SH		SOLE		17,074	0	65
AUTO DATA PROCESSING	COM	053015103	2,885	12,958	SH		DFND	4	0	12,958	0
BADGER METER INC	COM	056525108	7	57	SH		DFND	5	0	57	0
BANK OZK	COM	06417N103	51,428	1,503,745	SH		SOLE		1,270,472	0	233,273
BANK OZK	COM	06417N103	4,544	132,868	SH		DFND	5	0	132,868	0
BANK OZK	COM	06417N103	4,973	145,418	SH		DFND	4	0	145,418	0
BEST BUY CO INC	COM	086516101	3	44	SH		SOLE		44	0	0
BLACKROCK INC	COM	09247X101	4,482	6,699	SH		SOLE		6,675	0	23
BLACKROCK INC	COM	09247X101	3,014	4,505	SH		DFND	4	0	4,505	0
BLUEGREEN VACATIONS HOLDING	COM	096308101	33	1,197	SH		SOLE		1,197	0	0
BOOZ ALLEN HAMILTON HOLDINGS	COM	099502106	16,682	179,975	SH		SOLE		171,875	0	8,100
BOOZ ALLEN HAMILTON HOLDINGS	COM	099502106	4,517	48,728	SH		DFND	5	0	48,728	0
BOOZ ALLEN HAMILTON HOLDINGS	COM	099502106	5,343	57,640	SH		DFND	4	0	57,640	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	3	38	SH		SOLE		38	0	0
BROADCOM INC	COM	11135F101	7,134	11,121	SH		SOLE		11,084	0	36
BROADCOM INC	COM	11135F101	4,592	7,157	SH		DFND	4	0	7,157	0
BROADRIDGE FINANCIAL SOLUTIO	COM	11133T103	16,310	111,275	SH		SOLE		106,289	0	4,986
BROADRIDGE FINANCIAL SOLUTIO	COM	11133T103	4,513	30,790	SH		DFND	5	0	30,790	0
BROADRIDGE FINANCIAL SOLUTIO	COM	11133T103	5,205	35,512	SH		DFND	4	0	35,512	0
BROOKFIELD INFRASTRUCTURE-A	COM	11275Q107	57,479	1,247,920	SH		SOLE		1,053,980	0	193,940
BROOKFIELD INFRASTRUCTURE-A	COM	11275Q107	4,795	104,113	SH		DFND	5	0	104,113	0
BROOKFIELD INFRASTRUCTURE-A	COM	11275Q107	5,567	120,856	SH		DFND	4	0	120,856	0
BRUNSWICK CORP	COM	117043109	55,958	682,421	SH		SOLE		581,489	0	100,932
BRUNSWICK CORP	COM	117043109	5,456	66,539	SH		DFND	5	0	66,539	0
BRUNSWICK CORP	COM	117043109	5,943	72,473	SH		DFND	4	0	72,473	0
BWX TECHNOLOGIES	COM	05605H100	57,513	912,323	SH		SOLE		766,606	0	145,717
BWX TECHNOLOGIES	COM	05605H100	4,363	69,214	SH		DFND	5	0	69,214	0
BWX TECHNOLOGIES	COM	05605H100	4,821	76,475	SH		DFND	4	0	76,475	0
C S G SYSTEMS INTL	COM	126349109	36	667	SH		SOLE		667	0	0
CABLE ONE INC	COM	12685J105	48,014	68,397	SH		SOLE		58,333	0	10,064
CABLE ONE INC	COM	12685J105	3,817	5,438	SH		DFND	5	0	5,438	0
CABLE ONE INC	COM	12685J105	5,121	7,295	SH		DFND	4	0	7,295	0
CANADIAN NATURAL RESOURCES	COM	136385101	4	72	SH		SOLE		72	0	0
CARLISLE COS INC	COM	142339100	14,094	62,346	SH		SOLE		59,495	0	2,851
CARLISLE COS INC	COM	142339100	3,941	17,432	SH		DFND	5	0	17,432	0
CARLISLE COS INC	COM	142339100	4,575	20,236	SH		DFND	4	0	20,236	0
CASEY'S GENERAL STORES INC	COM	147528103	60,110	277,696	SH		SOLE		235,028	0	42,668
CASEY'S GENERAL STORES INC	COM	147528103	5,060	23,375	SH		DFND	5	0	23,375	0
CASEY'S GENERAL STORES INC	COM	147528103	5,450	25,178	SH		DFND	4	0	25,178	0
CASS INFORMATION SYS	COM	14808P109	32	738	SH		SOLE		738	0	0
CDW CORP/DE	COM	12514G108	5,052	25,922	SH		SOLE		25,843	0	79
CDW CORP/DE	COM	12514G108	3,043	15,613	SH		DFND	4	0	15,613	0
CHEMED CORP	COM	16359R103	57,638	107,183	SH		SOLE		90,631	0	16,552
CHEMED CORP	COM	16359R103	4,924	9,156	SH		DFND	5	0	9,156	0
CHEMED CORP	COM	16359R103	8,566	15,929	SH		DFND	4	0	15,929	0
CHESAPEAKE UTILITIES CORP	COM	165303108	53,413	417,325	SH		SOLE		350,341	0	66,984
CHESAPEAKE UTILITIES CORP	COM	165303108	3,877	30,290	SH		DFND	5	0	30,290	0
CHESAPEAKE UTILITIES CORP	COM	165303108	4,546	35,517	SH		DFND	4	0	35,517	0
CHORD ENERGY CORP	COM	674215207	59,828	444,485	SH		SOLE		373,223	0	71,262
CHORD ENERGY CORP	COM	674215207	4,862	36,123	SH		DFND	5	0	36,123	0
CHORD ENERGY CORP	COM	674215207	5,416	40,238	SH		DFND	4	0	40,238	0
CHUBB LTD	COM	H1467J104	12	64	SH		SOLE		64	0	0
CHURCH & DWIGHT	COM	171340102	874	9,883	SH		SOLE		9,883	0	0
CHURCHILL DOWNS	COM	171484108	23,294	90,621	SH		SOLE		86,535	0	4,086
CHURCHILL DOWNS	COM	171484108	6,976	27,137	SH		DFND	5	0	27,137	0
CHURCHILL DOWNS	COM	171484108	7,621	29,648	SH		DFND	4	0	29,648	0
CIVITAS RESOURCES INC	COM	17888H103	55,596	813,524	SH		SOLE		679,366	0	134,158
CIVITAS RESOURCES INC	COM	17888H103	3,712	54,320	SH		DFND	5	0	54,320	0
CIVITAS RESOURCES INC	COM	17888H103	4,149	60,709	SH		DFND	4	0	60,709	0
COGENT COMMUNICATIONS	COM	19239V302	49,609	778,555	SH		SOLE		659,655	0	118,900
COGENT COMMUNICATIONS	COM	19239V302	4,542	71,280	SH		DFND	5	0	71,280	0
COGENT COMMUNICATIONS	COM	19239V302	5,023	78,826	SH		DFND	4	0	78,826	0
COGNEX CORP	COM	192422103	13,507	272,587	SH		SOLE		259,455	0	13,132
COGNEX CORP	COM	192422103	4,133	83,406	SH		DFND	5	0	83,406	0
COGNEX CORP	COM	192422103	4,636	93,562	SH		DFND	4	0	93,562	0
COGNIZANT TECH SOLUTIONS-A	COM	192446102	4	58	SH		SOLE		58	0	0
COHEN & STEERS INC	COM	19247A100	49,408	772,480	SH		SOLE		648,977	0	123,503
COHEN & STEERS INC	COM	19247A100	3,868	60,477	SH		DFND	5	0	60,477	0
COHEN & STEERS INC	COM	19247A100	4,169	65,180	SH		DFND	4	0	65,180	0
COMCAST CORP	COM	20030N101	3	72	SH		SOLE		72	0	0
CONNECTONE BANCORP INC	COM	20786W107	25	1,431	SH		SOLE		1,431	0	0
CONSTELLATION BRANDS INC-A	COM	21036P108	4,215	18,659	SH		SOLE		18,589	0	69
CONSTELLATION BRANDS INC-A	COM	21036P108	3,081	13,638	SH		DFND	4	0	13,638	0
COSTCO WHOLESALE	COM	22160K105	5,059	10,181	SH		SOLE		10,148	0	33
COSTCO WHOLESALE	COM	22160K105	3,251	6,542	SH		DFND	4	0	6,542	0
COTERRA ENERGY	COM	127097103	4	179	SH		SOLE		179	0	0
COTERRA ENERGY	COM	127097103	15	593	SH		DFND	5	0	593	0
CRA INTERNATIONAL INC	COM	12618T105	32,941	305,516	SH		SOLE		245,608	0	59,908
DANAHER	COM	235851102	4,077	16,175	SH		SOLE		16,118	0	57
DANAHER	COM	235851102	2,862	11,355	SH		DFND	4	0	11,355	0
DIAGEO PLC ADR	COM	25243Q205	3	18	SH		SOLE		18	0	0
DIAMOND HILL INVT GP CLASS A	COM	25264r207	30	185	SH		SOLE		185	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	7,686	56,862	SH		SOLE		55,213	0	1,649
DIAMONDBACK ENERGY INC	COM	25278X109	1,487	10,999	SH		DFND	5	0	10,999	0
DIAMONDBACK ENERGY INC	COM	25278X109	2,738	20,254	SH		DFND	4	0	20,254	0
DISCOVER FINANCIAL SERVICES	COM	254709108	4,621	46,752	SH		SOLE		46,602	0	150
DISCOVER FINANCIAL SERVICES	COM	254709108	3	35	SH		DFND	5	0	35	0
DISCOVER FINANCIAL SERVICES	COM	254709108	2,922	29,559	SH		DFND	4	0	29,559	0
DOLLAR GENERAL	COM	256677105	4,352	20,677	SH		SOLE		20,614	0	63
DOLLAR GENERAL	COM	256677105	2,611	12,404	SH		DFND	4	0	12,404	0
DOMINO'S PIZZA INC	COM	25754A201	14,747	44,705	SH		SOLE		42,658	0	2,047
DOMINO'S PIZZA INC	COM	25754A201	3,972	12,041	SH		DFND	5	0	12,041	0
DOMINO'S PIZZA INC	COM	25754A201	4,809	14,579	SH		DFND	4	0	14,579	0
DR HORTON INC	COM	23331A109	11	111	SH		SOLE		111	0	0
EASTGROUP PROPERTIES INC	COM	277276101	150	908	SH		SOLE		908	0	0
ELANCO ANIMAL HEALTH INC	COM	28414H103	9	983	SH		SOLE		983	0	0
ELEMENT SOLUTIONS INC	COM	28618M106	44,454	2,302,125	SH		SOLE		1,942,130	0	359,995
ELEMENT SOLUTIONS INC	COM	28618M106	3,822	197,922	SH		DFND	5	0	197,922	0
ELEMENT SOLUTIONS INC	COM	28618M106	4,148	214,834	SH		DFND	4	0	214,834	0
EMBECTA CORP	COM	29082K105	30	1,074	SH		SOLE		1,074	0	0
ENCOMPASS HEALTH	COM	29261A100	56,363	1,041,826	SH		SOLE		883,768	0	158,058
ENCOMPASS HEALTH	COM	29261A100	4,699	86,855	SH		DFND	5	0	86,855	0
ENCOMPASS HEALTH	COM	29261A100	5,318	98,304	SH		DFND	4	0	98,304	0
ENSIGN GROUP	COM	29358P101	81,871	856,926	SH		SOLE		723,439	0	133,487
ENSIGN GROUP	COM	29358P101	6,573	68,799	SH		DFND	5	0	68,799	0
ENSIGN GROUP	COM	29358P101	7,126	74,591	SH		DFND	4	0	74,591	0
ENTEGRIS INC	COM	29362U104	17,033	207,693	SH		SOLE		197,524	0	10,169
ENTEGRIS INC	COM	29362U104	5,377	65,567	SH		DFND	5	0	65,567	0
ENTEGRIS INC	COM	29362U104	6,021	73,415	SH		DFND	4	0	73,415	0
ENTERPRISE PRD PRTNRS LP	COM	293792107	41	1,574	SH		SOLE		1,574	0	0
EQUINIX INC	COM	29444U700	4,676	6,485	SH		SOLE		6,463	0	22
EQUINIX INC	COM	29444U700	3,204	4,443	SH		DFND	4	0	4,443	0
EQUITY LIFESTYLE PROPERTIES	COM	29472R108	1,076	16,022	SH		SOLE		16,022	0	0
EVOLUTION PETROLEUM	COM	30049A107	36	5,728	SH		SOLE		5,728	0	0
EXP WORLD HOLDING	COM	30212W100	48,699	3,837,573	SH		SOLE		3,226,906	0	610,667
EXP WORLD HOLDING	COM	30212W100	3,500	275,821	SH		DFND	5	0	275,821	0
EXP WORLD HOLDING	COM	30212W100	4,076	321,193	SH		DFND	4	0	321,193	0
EXPEDITORS INTL WASH INC	COM	302130109	4	38	SH		SOLE		38	0	0
EXPONENT INC	COM	30214U102	6	57	SH		DFND	5	0	57	0
EXXON MOBIL CORP	COM	30231G102	408	3,725	SH		SOLE		3,725	0	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	17,999	43,362	SH		SOLE		41,652	0	1,710
FACTSET RESEARCH SYSTEMS INC	COM	303075105	4,516	10,879	SH		DFND	5	0	10,879	0
FACTSET RESEARCH SYSTEMS INC	COM	303075105	7,230	17,418	SH		DFND	4	0	17,418	0
FAT BRANDS INC	COM	30258N105	30	4,197	SH		SOLE		4,197	0	0
FEDERAL AGRIC MTG CORP-CL C	COM	313148306	43,053	323,247	SH		SOLE		260,388	0	62,859
FIDELITY NATIONAL INFORMATION	COM	31620M106	150	2,763	SH		SOLE		2,763	0	0
FORTIS INC	COM	349553107	2	57	SH		SOLE		57	0	0
FS BANCORP INC	COM	30263Y104	35	1,150	SH		SOLE		1,150	0	0
GENERAL ELECTRIC	COM	369604301	24	256	SH		SOLE		256	0	0
GFL ENVIRONMENTAL	COM	36168Q104	17,914	520,165	SH		SOLE		495,567	0	24,598
GFL ENVIRONMENTAL	COM	36168Q104	5,501	159,728	SH		DFND	5	0	159,728	0
GFL ENVIRONMENTAL	COM	36168Q104	6,110	177,420	SH		DFND	4	0	177,420	0
GLOBAL INDUSTRIAL	COM	37892E102	51	1,904	SH		SOLE		1,904	0	0
GLOBE LIFE INC	COM	37959E102	12,453	113,189	SH		SOLE		107,425	0	5,764
GLOBE LIFE INC	COM	37959E102	4,324	39,302	SH		DFND	5	0	39,302	0
GLOBE LIFE INC	COM	37959E102	4,556	41,413	SH		DFND	4	0	41,413	0
GOLDMAN SACHS GROUP INC	COM	38141G104	3	8	SH		SOLE		8	0	0
GORMAN RUPP CO	COM	383082104	31	1,224	SH		SOLE		1,224	0	0
HACKETT GROUP INC	COM	404609109	33	1,804	SH		SOLE		1,804	0	0
HAMILTON LANE	COM	407497106	53,703	725,913	SH		SOLE		613,643	0	112,270
HAMILTON LANE	COM	407497106	4,388	59,308	SH		DFND	5	0	59,308	0
HAMILTON LANE	COM	407497106	4,839	65,414	SH		DFND	4	0	65,414	0
HERSHEY CO/THE	COM	427866108	4	15	SH		SOLE		15	0	0
HINGHAM INSTN SVGS	COM	433323102	24	104	SH		SOLE		104	0	0
HIREQUEST INC	COM	433535101	40	1,865	SH		SOLE		1,865	0	0
HOME BANCSHARES INC	COM	436893200	56,650	2,609,413	SH		SOLE		2,206,220	0	403,193
HOME BANCSHARES INC	COM	436893200	4,992	229,956	SH		DFND	5	0	229,956	0
HOME BANCSHARES INC	COM	436893200	5,660	260,718	SH		DFND	4	0	260,718	0
HOME DEPOT INC	COM	437076102	4,384	14,855	SH		SOLE		14,806	0	48
HOME DEPOT INC	COM	437076102	2,787	9,442	SH		DFND	4	0	9,442	0
HOOKER FURNISHINGS CORP	COM	439038100	30	1,673	SH		SOLE		1,673	0	0
HP INC	COM	40434L105	3	97	SH		SOLE		97	0	0
HUMANA INC	COM	444859102	269	554	SH		SOLE		554	0	0
HUNT (JB) TRANSPRT SVCS INC	COM	445658107	914	5,208	SH		SOLE		5,208	0	0
HUNTINGTON INGALLS INDUSTRIE	COM	446413106	577	2,785	SH		SOLE		2,785	0	0
HUNTINGTON INGALLS INDUSTRIE	COM	446413106	11	51	SH		DFND	5	0	51	0
HURCO COMPANIES INC	COM	447324104	34	1,341	SH		SOLE		1,341	0	0
INFORMATION SVCS GP	COM	45675Y104	41	8,027	SH		SOLE		8,027	0	0
INSPERITY INC	COM	45778Q107	61,984	509,947	SH		SOLE		431,843	0	78,104
INSPERITY INC	COM	45778Q107	5,229	43,020	SH		DFND	5	0	43,020	0
INSPERITY INC	COM	45778Q107	5,749	47,297	SH		DFND	4	0	47,297	0
INTER PARFUMS INC	COM	458334109	86,456	607,816	SH		SOLE		513,942	0	93,874
INTER PARFUMS INC	COM	458334109	7,034	49,454	SH		DFND	5	0	49,454	0
INTER PARFUMS INC	COM	458334109	7,665	53,885	SH		DFND	4	0	53,885	0
INTUIT INC	COM	461202103	4,898	10,987	SH		SOLE		10,952	0	35
INTUIT INC	COM	461202103	3,054	6,851	SH		DFND	4	0	6,851	0
ISHARES MSCI EAFE SMALL CAP IN	COM	464288273	7	119	SH		SOLE		119	0	0
ISHARES RUSSELL MIDCAP INDEX	COM	464287499	3,630	51,921	SH		DFND	5	0	51,921	0
ISHARES TRUST REG SHS S&P MIDC	COM	464287507	1	2	SH		DFND	5	0	2	0
JACK HENRY & ASSOCIATES INC	COM	426281101	12,605	83,631	SH		SOLE		79,848	0	3,783
JACK HENRY & ASSOCIATES INC	COM	426281101	3,602	23,902	SH		DFND	5	0	23,902	0
JACK HENRY & ASSOCIATES INC	COM	426281101	3,972	26,354	SH		DFND	4	0	26,354	0
JOHNSON & JOHNSON	COM	478160104	303	1,955	SH		SOLE		1,955	0	0
JPMORGAN CHASE	COM	46625H100	308	2,365	SH		SOLE		2,365	0	0
KADANT INC	COM	48282T104	37	179	SH		SOLE		179	0	0
KAISER ALUMINUM	COM	483007704	7,482	100,250	SH		SOLE		79,503	0	20,747
KENNEDY - WILSON HOLDINGS INC.	COM	489398107	37,518	2,261,453	SH		SOLE		1,927,723	0	333,730
KENNEDY - WILSON HOLDINGS INC.	COM	489398107	3,912	235,811	SH		DFND	5	0	235,811	0
KENNEDY - WILSON HOLDINGS INC.	COM	489398107	4,239	255,541	SH		DFND	4	0	255,541	0
KFORCE INC	COM	493732101	42	668	SH		SOLE		668	0	0
KINSALE CAPITAL GROUP INC	COM	49714P108	47,271	157,490	SH		SOLE		132,670	0	24,820
KINSALE CAPITAL GROUP INC	COM	49714P108	3,668	12,221	SH		DFND	5	0	12,221	0
KINSALE CAPITAL GROUP INC	COM	49714P108	4,335	14,442	SH		DFND	4	0	14,442	0
KROGER CO	COM	501044101	3	69	SH		SOLE		69	0	0
KULICKE & SOFFA INDUSTRIES	COM	501242101	49,919	947,411	SH		SOLE		807,109	0	140,302
KULICKE & SOFFA INDUSTRIES	COM	501242101	5,404	102,556	SH		DFND	5	0	102,556	0
KULICKE & SOFFA INDUSTRIES	COM	501242101	5,616	106,594	SH		DFND	4	0	106,594	0
LAKELAND FINANCIAL CORP	COM	511656100	34,293	547,464	SH		SOLE		440,259	0	107,205
LANDSTAR SYSTEM INC	COM	515098101	61,256	341,715	SH		SOLE		288,508	0	53,207
LANDSTAR SYSTEM INC	COM	515098101	5,368	29,948	SH		DFND	5	0	29,948	0
LANDSTAR SYSTEM INC	COM	515098101	5,737	32,002	SH		DFND	4	0	32,002	0
LAUDER ESTEE COS	COM	518439104	1,711	6,944	SH		SOLE		6,915	0	29
LAUDER ESTEE COS	COM	518439104	1,415	5,740	SH		DFND	4	0	5,740	0
LEMAITRE VASCULAR INC	COM	525558201	60,084	1,167,369	SH		SOLE		982,201	0	185,168
LEMAITRE VASCULAR INC	COM	525558201	4,975	96,662	SH		DFND	5	0	96,662	0
LEMAITRE VASCULAR INC	COM	525558201	5,184	100,711	SH		DFND	4	0	100,711	0
LILLY ELI & CO	COM	532457108	475	1,382	SH		SOLE		1,382	0	0
LINDE PLC F	COM	G54950103	25	70	SH		SOLE		70	0	0
LITTELFUSE INC	COM	537008104	56,144	209,422	SH		SOLE		176,741	0	32,681
LITTELFUSE INC	COM	537008104	5,150	19,210	SH		DFND	5	0	19,210	0
LITTELFUSE INC	COM	537008104	5,488	20,471	SH		DFND	4	0	20,471	0
LOGITECH INTERNATIONAL-REG	COM	H50430232	2	28	SH		SOLE		28	0	0
MAGIC SFTWR ENTERPRS F	COM	559166103	29	2,122	SH		SOLE		2,122	0	0
MATADOR RESOURCES CO	COM	576485205	13,660	286,678	SH		SOLE		272,605	0	14,073
MATADOR RESOURCES CO	COM	576485205	4,429	92,952	SH		DFND	5	0	92,952	0
MATADOR RESOURCES CO	COM	576485205	4,777	100,254	SH		DFND	4	0	100,254	0
MATERION CORP	COM	576690101	58,529	504,561	SH		SOLE		405,997	0	98,564
MCDONALDS CORP	COM	580135101	157	561	SH		SOLE		561	0	0
MCKESSON CORP	COM	58155Q103	3	9	SH		SOLE		9	0	0
MEDIFAST INC	COM	58470H101	30	291	SH		SOLE		291	0	0
MERCK & CO. INC.	COM	58933Y105	64	600	SH		SOLE		600	0	0
MICROSOFT CORP	COM	594918104	5,375	18,643	SH		SOLE		18,563	0	80
MICROSOFT CORP	COM	594918104	4,572	15,860	SH		DFND	4	0	15,860	0
MONOLITHIC POWER SYS INC	COM	609839105	3,462	6,916	SH		SOLE		6,898	0	18
MONOLITHIC POWER SYS INC	COM	609839105	1,792	3,580	SH		DFND	4	0	3,580	0
MONRO INC	COM	610236101	47,931	969,681	SH		SOLE		819,403	0	150,278
MONRO INC	COM	610236101	4,317	87,329	SH		DFND	5	0	87,329	0
MONRO INC	COM	610236101	4,664	94,358	SH		DFND	4	0	94,358	0
MORGAN STANLEY	COM	617446448	3,997	45,528	SH		SOLE		45,380	0	148
MORGAN STANLEY	COM	617446448	2,557	29,128	SH		DFND	4	0	29,128	0
MORNINGSTAR INC	COM	617700109	11,759	57,920	SH		SOLE		55,125	0	2,795
MORNINGSTAR INC	COM	617700109	3,464	17,064	SH		DFND	5	0	17,064	0
MORNINGSTAR INC	COM	617700109	4,109	20,236	SH		DFND	4	0	20,236	0
MOTOROLA SOLUTIONS INC	COM	620076307	6,871	24,012	SH		SOLE		23,944	0	68
MOTOROLA SOLUTIONS INC	COM	620076307	3,867	13,515	SH		DFND	4	0	13,515	0
MSC INDUSTRIAL DIRECT CO-A	COM	553530106	6	76	SH		DFND	5	0	76	0
MSCI INC	COM	55354G100	4,357	7,785	SH		SOLE		7,762	0	23
MSCI INC	COM	55354G100	2,521	4,505	SH		DFND	4	0	4,505	0
NATIONAL HEALTHCARE	COM	635906100	35	600	SH		SOLE		600	0	0
NATURAL GROCERS	COM	63888U108	20	1,719	SH		SOLE		1,719	0	0
NESTLE	COM	641069406	3	27	SH		SOLE		27	0	0
NEWLAKE CAPITAL PARTNERS INC	COM	651495103	20	1,619	SH		SOLE		1,619	0	0
NEXPOINT RESIDENTIAL	COM	65341D102	45,641	1,045,141	SH		SOLE		881,235	0	163,906
NEXPOINT RESIDENTIAL	COM	65341D102	4,020	92,043	SH		DFND	5	0	92,043	0
NEXPOINT RESIDENTIAL	COM	65341D102	4,552	104,241	SH		DFND	4	0	104,241	0
NEXSTAR MEDIA GROUP INC	COM	65336K103	57,133	330,902	SH		SOLE		283,390	0	47,511
NEXSTAR MEDIA GROUP INC	COM	65336K103	4,729	27,386	SH		DFND	5	0	27,386	0
NEXSTAR MEDIA GROUP INC	COM	65336K103	7,506	43,471	SH		DFND	4	0	43,471	0
NEXTERA ENERGY	COM	65339F101	1,218	15,799	SH		SOLE		15,799	0	0
NIKE INC CLASS B	COM	654106103	3,570	29,112	SH		SOLE		29,013	0	99
NIKE INC CLASS B	COM	654106103	2,407	19,624	SH		DFND	4	0	19,624	0
NORDSON CORP COM	COM	655663102	15,578	70,089	SH		SOLE		66,873	0	3,216
NORDSON CORP COM	COM	655663102	4,373	19,677	SH		DFND	5	0	19,677	0
NORDSON CORP COM	COM	655663102	5,112	23,000	SH		DFND	4	0	23,000	0
NORTHERN OIL AND GAS INC	COM	665531307	62,867	2,071,414	SH		SOLE		1,754,969	0	316,445
NORTHERN OIL AND GAS INC	COM	665531307	5,339	175,921	SH		DFND	5	0	175,921	0
NORTHERN OIL AND GAS INC	COM	665531307	5,678	187,068	SH		DFND	4	0	187,068	0
NOVO-NORDISK A S ADR	COM	670100205	22	141	SH		SOLE		141	0	0
OP BANCORP	COM	67109R109	32	3,570	SH		SOLE		3,570	0	0
OPEN TEXT CORP	COM	683715106	5	119	SH		SOLE		119	0	0
OTIS WORLDWIDE	COM	68902V107	5,272	62,461	SH		SOLE		62,252	0	209
OTIS WORLDWIDE	COM	68902V107	3,479	41,222	SH		DFND	4	0	41,222	0
PATRICK INDUSTRIES	COM	703343103	38	549	SH		SOLE		549	0	0
PAYCHEX INC	COM	704326107	3	29	SH		SOLE		29	0	0
PEPSICO INC	COM	713448108	91	500	SH		SOLE		500	0	0
PERRIGO COMPANY	COM	G97822103	51,312	1,430,504	SH		SOLE		1,201,665	0	228,839
PERRIGO COMPANY	COM	G97822103	4,174	116,372	SH		DFND	5	0	116,372	0
PERRIGO COMPANY	COM	G97822103	4,783	133,354	SH		DFND	4	0	133,354	0
PFIZER INC	COM	717081103	203	4,983	SH		SOLE		4,983	0	0
PIONEER NATURAL RESOURCES CO	COM	723787107	6,001	29,381	SH		SOLE		29,286	0	96
PIONEER NATURAL RESOURCES CO	COM	723787107	3,781	18,514	SH		DFND	4	0	18,514	0
PLYMOUTH INDUSTRIAL REIT INC	COM	729640102	41	1,931	SH		SOLE		1,931	0	0
POOL CORP	COM	73278L105	18,454	53,891	SH		SOLE		51,899	0	1,992
POOL CORP	COM	73278L105	4,138	12,085	SH		DFND	5	0	12,085	0
POOL CORP	COM	73278L105	7,666	22,387	SH		DFND	4	0	22,387	0
POPULAR INC	COM	733174700	1	14	SH		DFND	5	0	14	0
POWER INTEGRATIONS INC	COM	739276103	51,469	608,088	SH		SOLE		520,127	0	87,961
POWER INTEGRATIONS INC	COM	739276103	5,220	61,674	SH		DFND	5	0	61,674	0
POWER INTEGRATIONS INC	COM	739276103	5,696	67,298	SH		DFND	4	0	67,298	0
PPG INDUSTRIES INC	COM	693506107	125	936	SH		SOLE		936	0	0
PROCTER & GAMBLE	COM	742718109	10	67	SH		SOLE		67	0	0
PROSPERITY BANCSHARES INC	COM	743606105	12,900	209,681	SH		SOLE		199,914	0	9,767
PROSPERITY BANCSHARES INC	COM	743606105	3,931	63,903	SH		DFND	5	0	63,903	0
PROSPERITY BANCSHARES INC	COM	743606105	4,386	71,297	SH		DFND	4	0	71,297	0
QUAKER CHEMICAL CORPORATION	COM	747316107	43,754	221,038	SH		SOLE		186,883	0	34,155
QUAKER CHEMICAL CORPORATION	COM	747316107	3,795	19,173	SH		DFND	5	0	19,173	0
QUAKER CHEMICAL CORPORATION	COM	747316107	4,192	21,177	SH		DFND	4	0	21,177	0
QUEST DIAGNOSTICS	COM	74834L100	15,537	109,816	SH		SOLE		104,752	0	5,064
QUEST DIAGNOSTICS	COM	74834L100	5,110	36,116	SH		DFND	5	0	36,116	0
QUEST DIAGNOSTICS	COM	74834L100	5,227	36,943	SH		DFND	4	0	36,943	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	5	49	SH		SOLE		49	0	0
RBB BANCORP	COM	74930B105	29	1,847	SH		SOLE		1,847	0	0
RELIANCE STEEL & ALUMINUM	COM	759509102	24,326	94,749	SH		SOLE		90,824	0	3,925
RELIANCE STEEL & ALUMINUM	COM	759509102	6,640	25,861	SH		DFND	5	0	25,861	0
RELIANCE STEEL & ALUMINUM	COM	759509102	10,107	39,368	SH		DFND	4	0	39,368	0
RESMED INC	COM	761152107	1,330	6,072	SH		SOLE		6,072	0	0
RESMED INC	COM	761152107	5	21	SH		DFND	5	0	21	0
RIVERVIEW BANCORP	COM	769397100	33	6,243	SH		SOLE		6,243	0	0
ROLLINS INC	COM	775711104	17	459	SH		SOLE		459	0	0
ROSS STORES INC	COM	778296103	1,341	12,638	SH		SOLE		12,638	0	0
RUTH'S HOSPITALITY GROUP	COM	783332109	29	1,794	SH		SOLE		1,794	0	0
RYDER SYSTEMS INC	COM	783549108	5	54	SH		DFND	5	0	54	0
SANFILIPPO JOHN B	COM	800422107	40	412	SH		SOLE		412	0	0
SERVICE CORP INTL	COM	817565104	4	52	SH		SOLE		52	0	0
SHENANDOAH TELECOMMUNICATIONS	COM	82312B106	30	1,592	SH		SOLE		1,592	0	0
SHERWIN-WILLIAMS	COM	824348106	4,651	20,694	SH		SOLE		20,620	0	74
SHERWIN-WILLIAMS	COM	824348106	3,329	14,811	SH		DFND	4	0	14,811	0
SHOE CARNIVAL INC	COM	824889109	31,959	1,245,984	SH		SOLE		1,001,587	0	244,397
SHUTTERSTOCK INC	COM	825690100	58,585	806,960	SH		SOLE		687,358	0	119,602
SHUTTERSTOCK INC	COM	825690100	5,751	79,219	SH		DFND	5	0	79,219	0
SHUTTERSTOCK INC	COM	825690100	6,611	91,063	SH		DFND	4	0	91,063	0
SINCLAIR BROADCAST GROUP	COM	829226109	35	2,064	SH		SOLE		2,064	0	0
SIRIUS XM HOLDINGS	COM	82968B103	121	30,559	SH		SOLE		30,559	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	2	21	SH		SOLE		21	0	0
SNAP-ON INC	COM	833034101	4	15	SH		SOLE		15	0	0
SNAP-ON INC	COM	833034101	20	80	SH		DFND	5	0	80	0
SONY GROUP CORP	COM	835699307	3	37	SH		SOLE		37	0	0
SOUTH PLAINS FINL INC	COM	83946P107	32	1,507	SH		SOLE		1,507	0	0
SOUTHERN MISS BANCO	COM	843380106	24	638	SH		SOLE		638	0	0
SS&C TECHNOLOGIES HOLDINGS	COM	78467J100	175	3,096	SH		SOLE		3,096	0	0
STANDEX INTL CORP	COM	854231107	62,914	513,838	SH		SOLE		432,194	0	81,644
STANDEX INTL CORP	COM	854231107	5,474	44,707	SH		DFND	5	0	44,707	0
STANDEX INTL CORP	COM	854231107	5,877	48,003	SH		DFND	4	0	48,003	0
STARBUCKS CORP	COM	855244109	3,765	36,161	SH		SOLE		36,056	0	106
STARBUCKS CORP	COM	855244109	2,159	20,735	SH		DFND	4	0	20,735	0
STEPAN CO	COM	858586100	12	120	SH		SOLE		120	0	0
STERIS PLC	COM	G8473T100	20,657	107,992	SH		SOLE		103,725	0	4,267
STERIS PLC	COM	G8473T100	5,141	26,876	SH		DFND	5	0	26,876	0
STERIS PLC	COM	G8473T100	9,029	47,201	SH		DFND	4	0	47,201	0
STEVANATO GROUP SPA	COM	T9224W109	54,965	2,122,189	SH		SOLE		1,707,764	0	414,425
STRYKER CORP	COM	863667101	2,941	10,303	SH		SOLE		10,303	0	0
SYNCHRONY FINL	COM	87165b103	76	2,628	SH		SOLE		2,628	0	0
TERRENO REALTY CORP	COM	88146M101	50,756	785,698	SH		SOLE		661,969	0	123,729
TERRENO REALTY CORP	COM	88146M101	4,507	69,773	SH		DFND	5	0	69,773	0
TERRENO REALTY CORP	COM	88146M101	5,001	77,415	SH		DFND	4	0	77,415	0
TETRA TECH INC	COM	88162G103	55,569	378,255	SH		SOLE		321,587	0	56,668
TETRA TECH INC	COM	88162G103	5,046	34,350	SH		DFND	5	0	34,350	0
TETRA TECH INC	COM	88162G103	5,566	37,884	SH		DFND	4	0	37,884	0
TEXAS INSTRUMENTS	COM	882508104	1,246	6,701	SH		SOLE		6,701	0	0
THE BANK OF PRINCETON	COM	74179A107	41	1,294	SH		SOLE		1,294	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	3	6	SH		SOLE		6	0	0
TJX COMPANIES INC	COM	872540109	20	258	SH		SOLE		258	0	0
TORO CO	COM	891092108	5	42	SH		DFND	5	0	42	0
TORONTO DOMINION BANK F	COM	891160509	3	51	SH		SOLE		51	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	244	1,036	SH		SOLE		1,036	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	16	70	SH		DFND	5	0	70	0
TRAVEL & LEISURE CO	COM	894164102	48,685	1,241,970	SH		SOLE		1,051,038	0	190,932
TRAVEL & LEISURE CO	COM	894164102	4,214	107,493	SH		DFND	5	0	107,493	0
TRAVEL & LEISURE CO	COM	894164102	4,879	124,476	SH		DFND	4	0	124,476	0
TRUIST FINANCIAL CORP	COM	89832Q109	563	16,497	SH		SOLE		16,497	0	0
TTEC HOLDINGS INC	COM	89854H102	36,706	985,934	SH		SOLE		830,240	0	155,694
TTEC HOLDINGS INC	COM	89854H102	2,765	74,258	SH		DFND	5	0	74,258	0
TTEC HOLDINGS INC	COM	89854H102	3,373	90,593	SH		DFND	4	0	90,593	0
TURNING PT BRANDS	COM	90041L105	35	1,687	SH		SOLE		1,687	0	0
U.S. PHYSICAL THERAPY INC	COM	90337L108	57,180	584,002	SH		SOLE		496,021	0	87,981
U.S. PHYSICAL THERAPY INC	COM	90337L108	4,984	50,908	SH		DFND	5	0	50,908	0
U.S. PHYSICAL THERAPY INC	COM	90337L108	5,715	58,370	SH		DFND	4	0	58,370	0
UBS GROUP AG	COM	H42097107	5	214	SH		SOLE		214	0	0
UFP PACKAGING	COM	90278Q108	47,947	603,333	SH		SOLE		509,788	0	93,545
UFP PACKAGING	COM	90278Q108	4,143	52,133	SH		DFND	5	0	52,133	0
UFP PACKAGING	COM	90278Q108	4,709	59,250	SH		DFND	4	0	59,250	0
UGI CORP	COM	902681105	3	81	SH		DFND	5	0	81	0
UMH PROPERTIES	COM	903002103	35,475	2,398,601	SH		SOLE		1,926,892	0	471,709
UNIFIRST CORP/MA	COM	904708104	41,989	238,264	SH		SOLE		202,019	0	36,245
UNIFIRST CORP/MA	COM	904708104	3,880	22,014	SH		DFND	5	0	22,014	0
UNIFIRST CORP/MA	COM	904708104	4,313	24,472	SH		DFND	4	0	24,472	0
UNILEVER PLC	COM	904767704	3	50	SH		SOLE		50	0	0
UNION PACIFIC CORP	COM	907818108	3,711	18,439	SH		SOLE		18,370	0	69
UNION PACIFIC CORP	COM	907818108	2,757	13,699	SH		DFND	4	0	13,699	0
UNITEDHEALTH GROUP INC	COM	91324P102	7,641	16,168	SH		SOLE		16,114	0	53
UNITEDHEALTH GROUP INC	COM	91324P102	4,929	10,430	SH		DFND	4	0	10,430	0
UNIVERSAL DISPLAY	COM	91347P105	73,061	470,966	SH		SOLE		399,244	0	71,722
UNIVERSAL DISPLAY	COM	91347P105	5,961	38,427	SH		DFND	5	0	38,427	0
UNIVERSAL DISPLAY	COM	91347P105	6,899	44,473	SH		DFND	4	0	44,473	0
UTAH MEDICAL PRODUCT	COM	917488108	40	417	SH		SOLE		417	0	0
UTZ BRANDS INC	COM	918090101	39,001	2,367,998	SH		SOLE		1,919,898	0	448,100
VANGUARD MID-CAP ETF	COM	922908629	24	114	SH		DFND	5	0	114	0
VERISK ANALYTICS	COM	92345Y106	942	4,907	SH		SOLE		4,907	0	0
VIATRIS INC	COM	92556V106	2	185	SH		SOLE		185	0	0
VISA INC	COM	92826C839	6,896	30,587	SH		SOLE		30,484	0	102
VISA INC	COM	92826C839	4,578	20,304	SH		DFND	4	0	20,304	0
WALT DISNEY CO	COM	254687106	115	1,150	SH		SOLE		1,150	0	0
WARNER BROS DISCOVERY INC	COM	934423104	2	133	SH		SOLE		133	0	0
WASTE CONNECTIONS INC	COM	94106B101	6,740	48,466	SH		SOLE		48,308	0	158
WASTE CONNECTIONS INC	COM	94106B101	4,360	31,349	SH		DFND	4	0	31,349	0
WASTE MANAGEMENT INC	COM	94106L109	3	21	SH		SOLE		21	0	0
WEC ENERGY GROUP	COM	92939U106	19	204	SH		SOLE		204	0	0
WEST PHARMACEUTICAL SERVICES	COM	955306105	1,437	4,146	SH		SOLE		4,146	0	0
WILLIAMS SONOMA	COM	969904101	3	24	SH		SOLE		24	0	0
WILLIS TOWERS WATSON PLC	COM	G96629103	216	929	SH		SOLE		929	0	0
WINGSTOP INC	COM	974155103	70,310	382,996	SH		SOLE		323,786	0	59,210
WINGSTOP INC	COM	974155103	6,338	34,526	SH		DFND	5	0	34,526	0
WINGSTOP INC	COM	974155103	6,823	37,164	SH		DFND	4	0	37,164	0
WINMARK CORP	COM	974250102	49	153	SH		SOLE		153	0	0
WR BERKLEY CORP	COM	084423102	3	46	SH		SOLE		46	0	0
ZOETIS INC	COM	98978V103	4,863	29,215	SH		SOLE		29,126	0	89
ZOETIS INC	COM	98978V103	2,938	17,650	SH		DFND	4	0	17,650	0
VANGUARD S&P 500 ETF	ETF	922908363	6	15	SH		SOLE		15	0	0