THOMPSON INVESTMENT MANAGEMENT, INC.

Long Only Manager

THOMPSON INVESTMENT MANAGEMENT, INC. is a Long Only Manager based in Madison, WI led by Jason Lee Stephens, reporting $2.7B in AUM as of Q3 2025 with GOOGL as the largest holding (5% allocation).

CEOJason Lee Stephens

Portfolio Value: $751.2M
Positions: 467
Top Holding: GOOGL at 5.31%
Last Reported: Q3 2025

Address1255 Fourier Drive, Suite 200, Madison, WI, 53717, United States

Top Holdings

Largest long holdings in THOMPSON INVESTMENT MANAGEMENT, INC.'s portfolio (26.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$39.9M	5.31%	-$863.2K Sold	0.00% 164.2K shares	≤ Q2 2013 Held for 12y 5m+
2 Microsoft MSFT	Software - Infrastructure Technology	$33.9M	4.51%	-$930.8K Sold	0.00% 65.4K shares	≤ Q2 2013 Held for 12y 5m+
3 Warner Bros. Discovery, Inc. WBD	Entertainment Communication Services	$24.7M	3.29%	-$2.4M Sold	0.05% 1.3M shares	Q1 2020 Held for 5y 8m
4 Exxon Mobil XOM	Oil & Gas Integrated Energy	$17.4M	2.31%	-$282.1K Sold	0.00% 154.1K shares	≤ Q2 2013 Held for 12y 5m+
5 Citigroup C	Banks - Diversified Financial Services	$14.9M	1.98%	-$776.8K Sold	0.01% 146.4K shares	≤ Q2 2013 Held for 12y 5m+
6 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$14.0M	1.86%	-$328.3K Sold	0.00% 19.0K shares	Q1 2018 Held for 7y 8m
7 JPMorgan Chase JPM	Banks - Diversified Financial Services	$13.6M	1.81%	-$612.6K Sold	0.00% 43.2K shares	≤ Q2 2013 Held for 12y 5m+
8 Qualcomm QCOM	Semiconductors Technology	$13.6M	1.81%	+$1.6M Bought	0.01% 81.8K shares	≤ Q2 2013 Held for 12y 5m+
9 Exact Sciences EXAS	Medical - Diagnostics & Research Healthcare	$13.1M	1.74%	-$8.6K Sold	0.13% 239.5K shares	≤ Q2 2013 Held for 12y 5m+
10 Bank of America BAC	Banks - Diversified Financial Services	$12.4M	1.65%	-$400.6K Sold	0.00% 240.5K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in THOMPSON INVESTMENT MANAGEMENT, INC.'s latest filing

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Market Value

$751.2M

Prior: $709.2M

Q/Q Change

+5.92%

+$42.0M

Net Flows % of MV

-3.37%

Turnover Ratio

5.17%

New Purchases

39 stocks

$5.4M

Added To

72 stocks

+$22.0M

Sold Out Of

17 stocks

$22.3M

Reduced Holdings

83 stocks

-$30.4M

Increased Positions

Position	Shares Δ	Change
1 The Cooper Companies, Inc. COO	New	0 → 54.4K +$3.7M
2 JHX James Hardie Industries plc JHX	New	0 → 27.6K +$529.9K
3 JHX James Hardie Industries JHX	New	0 → 27.6K +$529.9K
4 PSKY Paramount Skydance Corporation Class B Common Stock PSKY	New	0 → 12.0K +$226.2K
5 Schwab U.S. TIPS SCHP	New	0 → 1.9K +$50.9K

Decreased Positions

Position	Shares Δ	Change
1 Paramount Global PARA	Sold	714.0K → 0 −$9.2M
2 Walgreens Boots Alliance WBA	Sold	719.3K → 0 −$8.3M
3 Skechers SKX	Sold	65.4K → 0 −$4.1M
4 The AZEK Company AZEK	Sold	6.8K → 0 −$370.4K
5 Cognex CGNX	Sold	4.2K → 0 −$133.2K

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Analytics

Portfolio insights and performance metrics for THOMPSON INVESTMENT MANAGEMENT, INC.

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Sector Allocation

Technology

24.10%

Healthcare

15.80%

Financial Services

15.20%

Communication Services

10.90%

Industrials

6.70%

Consumer Defensive

6.60%

Consumer Cyclical

5.00%

ETF

4.00%

Energy

3.60%

Utilities

2.50%

Real Estate

2.40%

Basic Materials

0.70%

Market Cap Distribution

Mega Cap (> $200B)

31.04%

Large Cap ($10B - $200B)

51.65%

Mid Cap ($2B - $10B)

7.28%

Small Cap ($300M - $2B)

4.22%

Micro Cap ($50M - $300M)

0.03%

Nano Cap (< $50M)

1.05%

N/A (ETF or Unknown)

4.74%

Portfolio Concentration

Top 10 Holdings %

26.28%

Top 20 Holdings %

40.88%

Top 50 Holdings %

72.2%

Top 100 Holdings %

93.79%