Copeland Capital Management, LLC

Conshohocken, PA · CIK 1541743 · 13F filing filed 2026-08-04

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$4.9bn reported value +8.2% vs Q1 2026

265positions

20.8%in top 10

37 new 41 added 166 reduced 29 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

MORGAN STANLEY – files its own report too; $610.8m of shares are in both
SEI INVESTMENTS CO – files its own report too; $552.9m of shares are in both

Also in the report of:

CARY STREET PARTNERS INVESTMENT ADVISORY LLC – $12.3m of shares are in both reports
PERSONAL CFO SOLUTIONS, LLC – $10.1m of shares are in both reports
Advisory Services Network, LLC – $229.9k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	KULICKE & SOFFA INDS INC COM KLIC	KLIC	1,000,293	$133.8m2.75%	2.75%	Reduced -150.7k	-150,727 -13.1%
2	PRICESMART INC COM PSMT	PSMT	609,883	$119.1m2.45%	2.45%	Reduced -29.0k	-29,030 -4.5%
3	LITTELFUSE INC COM LFUS	LFUS	251,346	$114.4m2.35%	2.35%	Reduced -12.1k	-12,050 -4.6%
4	COGNEX CORP COM CGNX	CGNX	1,325,870	$96.0m1.97%	1.97%	Reduced -67.6k	-67,576 -4.8%
5	AAON INC COM PAR $0.004 AAON	AAON	750,196	$95.2m1.96%	1.96%	Reduced -37.4k	-37,421 -4.8%
6	CLEAR SECURE INC COM CL A YOU	YOU	1,682,498	$93.8m1.93%	1.93%	Reduced -73.4k	-73,354 -4.2%
7	VALMONT INDS INC COM VMI	VMI	161,012	$93.0m1.91%	1.91%	Reduced -44.5k	-44,471 -21.6%
8	ENSIGN GROUP INC COM ENSG	ENSG	568,896	$91.2m1.87%	1.87%	Reduced -24.5k	-24,529 -4.1%
9	HEXCEL CORP NEW COM HXL	HXL	877,777	$87.8m1.80%	1.80%	Reduced -43.2k	-43,182 -4.7%
10	ENCOMPASS HEALTH CORP COM EHC	EHC	855,415	$86.5m1.78%	1.78%	Reduced -37.4k	-37,408 -4.2%
11	LEMAITRE VASCULAR INC COM LMAT	LMAT	839,463	$80.6m1.65%	1.65%	Reduced -31.2k	-31,229 -3.6%
12	NAPCO SEC TECHNOLOGIES INC COM NSSC	NSSC	2,016,873	$76.6m1.57%	1.57%	Added +7.8k	+7,784 0.4%
13	EXCELERATE ENERGY INC CL A COM EE	EE	1,973,585	$75.0m1.54%	1.54%	Added +389.0k	+388,967 24.6%
14	TRAVEL PLUS LEISURE CO COM TNL	TNL	969,930	$74.1m1.52%	1.52%	Reduced -47.0k	-46,983 -4.6%
15	POWER INTEGRATIONS INC COM POWI	POWI	882,810	$73.9m1.52%	1.52%	Reduced -439.0k	-438,979 -33.2%
16	WESCO INTL INC COM WCC	WCC	213,242	$73.7m1.51%	1.51%	Reduced -108.4k	-108,383 -33.7%
17	BRUNSWICK CORP COM BC	BC	849,283	$71.5m1.47%	1.47%	Reduced -41.1k	-41,129 -4.6%
18	HOME BANCSHARES INC COM HOMB	HOMB	2,445,709	$69.8m1.43%	1.43%	Reduced -116.1k	-116,058 -4.5%
19	CARETRUST REIT INC COM CTRE	CTRE	1,696,045	$68.4m1.41%	1.41%	Reduced -68.8k	-68,810 -3.9%
20	MATERION CORP COM MTRN	MTRN	227,669	$67.7m1.39%	1.39%	Reduced -37.6k	-37,578 -14.2%
21	CHEMED CORP NEW COM CHE	CHE	145,007	$67.5m1.39%	1.39%	Reduced -3.0k	-2,950 -2.0%
22	AZZ INC COM AZZ	AZZ	435,558	$67.5m1.39%	1.39%	Reduced -22.6k	-22,586 -4.9%
23	LANDSTAR SYS INC COM LSTR	LSTR	319,978	$66.2m1.36%	1.36%	Reduced -57.4k	-57,411 -15.2%
24	SERVISFIRST BANCSHARES INC COM SFBS	SFBS	737,503	$64.0m1.31%	1.31%	Reduced -16.0k	-16,023 -2.1%
25	MATADOR RES CO COM MTDR	MTDR	1,242,903	$61.9m1.27%	1.27%	Reduced -61.5k	-61,548 -4.7%
26	TERRENO RLTY CORP COM TRNO	TRNO	924,441	$59.9m1.23%	1.23%	Reduced -45.3k	-45,312 -4.7%
27	STANDEX INTL CORP COM SXI	SXI	166,193	$59.4m1.22%	1.22%	Reduced -74.6k	-74,599 -31.0%
28	TURNING PT BRANDS INC COM TPB	TPB	690,323	$58.5m1.20%	1.20%	Added +283.1k	+283,115 69.5%
29	COHEN & STEERS INC COM CNS	CNS	768,748	$58.5m1.20%	1.20%	Reduced -35.8k	-35,768 -4.5%
30	PATRICK INDS INC COM PATK	PATK	647,753	$58.2m1.19%	1.19%	Added +84.2k	+84,246 14.9%
31	U S PHYSICAL THERAPY COM USPH	USPH	841,544	$57.8m1.19%	1.19%	Added +4.7k	+4,713 0.6%
32	PERDOCEO ED CORP COM PRDO	PRDO	1,769,864	$56.6m1.16%	1.16%	Reduced -84.3k	-84,271 -4.5%
33	CHESAPEAKE UTILS CORP COM CPK	CPK	445,383	$54.6m1.12%	1.12%	Reduced -23.3k	-23,273 -5.0%
34	UFP INDUSTRIES INC COM UFPI	UFPI	578,310	$52.5m1.08%	1.08%	Added +148.3k	+148,284 34.5%
35	KBR INC COM KBR	KBR	1,436,669	$49.6m1.02%	1.02%	Added +67.8k	+67,777 5.0%
36	FIRSTSERVICE CORP NEW COM FSV	FSV	348,416	$49.5m1.02%	1.02%	Reduced -20.1k	-20,127 -5.5%
37	KINSALE CAP GROUP INC COM KNSL	KNSL	146,585	$48.3m0.99%	0.99%	Added +35.5k	+35,496 31.9%
38	UNIVERSAL DISPLAY CORP COM OLED	OLED	553,900	$48.0m0.99%	0.99%	Reduced -27.9k	-27,876 -4.8%
39	FEDERAL AGRIC MTG CORP CL C AGM	AGM	229,813	$45.8m0.94%	0.94%	Reduced -6.8k	-6,770 -2.9%
40	INTERFACE INC COM TILE	TILE	1,235,110	$44.3m0.91%	0.91%	Added +1.2m	+1,232,314 44074.2%
41	KFORCE INC COM KFRC	KFRC	928,350	$43.6m0.89%	0.89%	Added +262.0k	+262,019 39.3%
42	WINGSTOP INC COM WING	WING	247,108	$42.9m0.88%	0.88%	Reduced -16.0k	-16,008 -6.1%
43	PEGASYSTEMS INC COM PEGA	PEGA	1,406,961	$42.2m0.87%	0.87%	Added +283.4k	+283,443 25.2%
44	QUAKER HOUGHTON COM KWR	KWR	258,068	$41.0m0.84%	0.84%	Reduced -7.0k	-6,983 -2.6%
45	WILLSCOT HLDGS CORP COM CL A WSC	WSC	1,341,124	$38.7m0.80%	0.80%	Reduced -34.1k	-34,102 -2.5%
46	BROOKFIELD INFRASTRUCTURE CO COM SUB VTG A BIPC	BIPC	997,355	$38.4m0.79%	0.79%	Reduced -341.1k	-341,057 -25.5%
47	HAMILTON LANE INC CL A HLNE	HLNE	486,440	$38.3m0.79%	0.79%	Reduced -19.4k	-19,366 -3.8%
48	IRADIMED CORP COM IRMD	IRMD	391,860	$37.4m0.77%	0.77%	Added +32.5k	+32,535 9.1%
49	RELIANCE INC COM RS	RS	98,024	$36.6m0.75%	0.75%	Reduced -28.3k	-28,305 -22.4%
50	MSA SAFETY INC COM MSA	MSA	205,223	$35.8m0.74%	0.74%	Added +28.5k	+28,486 16.1%
51	MORNINGSTAR INC COM MORN	MORN	229,546	$35.8m0.74%	0.74%	Added +94.3k	+94,331 69.8%
52	KODIAK GAS SVCS INC COM KGS	KGS	476,035	$35.8m0.73%	0.73%	New
53	ESQUIRE FINL HLDGS INC COM ESQ	ESQ	296,535	$35.3m0.73%	0.73%	Reduced -8.1k	-8,112 -2.7%
54	NVENT ELECTRIC PLC SHS NVT	NVT	203,248	$34.5m0.71%	0.71%	Reduced -71.6k	-71,593 -26.1%
55	ALAMO GROUP INC COM ALG	ALG	207,212	$34.1m0.70%	0.70%	Added +25.7k	+25,747 14.2%
56	HEALTHSTREAM INC COM HSTM	HSTM	1,248,384	$34.0m0.70%	0.70%	Reduced -28.4k	-28,355 -2.2%
57	WYNDHAM HOTELS & RESORTS INC COM WH	WH	401,103	$33.8m0.69%	0.69%	Added +68.0k	+68,048 20.4%
58	STERIS PLC SHS USD STE	STE	156,425	$32.9m0.68%	0.68%	Reduced -12.5k	-12,483 -7.4%
59	DT MIDSTREAM INC COMMON STOCK DTM	DTM	221,486	$32.5m0.67%	0.67%	Reduced -17.6k	-17,553 -7.3%
60	ALPHABET INC CAP STK CL A GOOGL	GOOGL	89,780	$32.1m0.66%	0.66%	Reduced -2.9k	-2,897 -3.1%
61	NORDSON CORP COM NDSN	NDSN	105,669	$31.9m0.65%	0.65%	Reduced -8.0k	-7,988 -7.0%
62	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	245,684	$31.6m0.65%	0.65%	Reduced -18.1k	-18,123 -6.9%
63	QUEST DIAGNOSTICS INC COM DGX	DGX	144,784	$30.7m0.63%	0.63%	Reduced -10.6k	-10,564 -6.8%
64	UTZ BRANDS INC COM CL A UTZ	UTZ	3,958,637	$30.5m0.63%	0.63%	Reduced -104.9k	-104,924 -2.6%
65	APPLE INC COM AAPL	AAPL	103,808	$30.0m0.62%	0.62%	Reduced -4.5k	-4,467 -4.1%
66	BROADCOM INC COM AVGO	AVGO	76,414	$28.9m0.59%	0.59%	Reduced -4.7k	-4,733 -5.8%
67	NEW YORK TIMES CO CL A NYT	NYT	408,307	$28.6m0.59%	0.59%	Reduced -31.2k	-31,181 -7.1%
68	BADGER METER INC COM BMI	BMI	190,906	$28.3m0.58%	0.58%	Added +190.9k	+190,905 19090500.0%
69	DICKS SPORTING GOODS INC COM DKS	DKS	121,433	$27.5m0.57%	0.57%	Reduced -9.5k	-9,546 -7.3%
70	TD SYNNEX CORPORATION COM SNX	SNX	102,824	$27.5m0.56%	0.56%	Reduced -3.0k	-3,038 -2.9%
71	WINMARK CORP COM WINA	WINA	63,059	$26.7m0.55%	0.55%	Reduced -1.9k	-1,888 -2.9%
72	HENRY JACK & ASSOC INC COM JKHY	JKHY	192,947	$26.6m0.55%	0.55%	Added +30.8k	+30,844 19.0%
73	NEXPOINT RESIDENTIAL TR INC COM NXRT	NXRT	899,504	$25.1m0.52%	0.52%	Added +171.3k	+171,333 23.5%
74	NVIDIA CORPORATION COM NVDA	NVDA	125,508	$25.1m0.52%	0.52%	New
75	CARLISLE COS INC COM CSL	CSL	68,326	$24.8m0.51%	0.51%	Reduced -5.2k	-5,208 -7.1%
76	PRIMERICA INC COM PRI	PRI	86,226	$24.5m0.50%	0.50%	Reduced -4.4k	-4,423 -4.9%
77	MICROSOFT CORP COM MSFT	MSFT	65,527	$24.4m0.50%	0.50%	Reduced -2.0k	-2,032 -3.0%
78	MORGAN STANLEY COM NEW MS	MS	114,388	$23.9m0.49%	0.49%	Reduced -20.6k	-20,638 -15.3%
79	TRANSUNION COM TRU	TRU	328,552	$23.7m0.49%	0.49%	Reduced -29.1k	-29,133 -8.1%
80	LAM RESEARCH CORP COM NEW LRCX	LRCX	54,547	$23.6m0.49%	0.49%	Added +2.4k	+2,435 4.7%
81	CASEYS GEN STORES INC COM CASY	CASY	29,471	$23.4m0.48%	0.48%	Reduced -29.5k	-29,501 -50.0%
82	CHURCHILL DOWNS INC COM CHDN	CHDN	261,117	$23.4m0.48%	0.48%	Reduced -4.5k	-4,452 -1.7%
83	ROYAL GOLD INC COM RGLD	RGLD	117,111	$23.4m0.48%	0.48%	Added +5.3k	+5,264 4.7%
84	ACUITY INC COM AYI	AYI	60,802	$22.9m0.47%	0.47%	Added +29.0k	+29,034 91.4%
85	APTARGROUP INC COM ATR	ATR	178,533	$22.4m0.46%	0.46%	Added +37.6k	+37,601 26.7%
86	ISHARES TR RUS MID CAP ETF IWR	IWR	201,371	$22.2m0.46%	0.46%	New
87	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	45,975	$22.0m0.45%	0.45%	Reduced -11.4k	-11,430 -19.9%
88	FIRSTCASH HOLDINGS INC COM FCFS	FCFS	98,959	$21.4m0.44%	0.44%	New
89	WILLIS LEASE FIN CORP COM WLFC	WLFC	91,232	$20.9m0.43%	0.43%	New
90	ELI LILLY & CO COM LLY	LLY	16,882	$20.2m0.42%	0.42%	Reduced -1.8k	-1,848 -9.9%
91	GARRETT MOTION INC COM GTX	GTX	553,227	$20.0m0.41%	0.41%	New
92	JPMORGAN CHASE & CO COM JPM	JPM	61,214	$20.0m0.41%	0.41%	Reduced -431	-431 -0.7%
93	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	534,896	$19.7m0.40%	0.40%	Reduced -53.6k	-53,593 -9.1%
94	AMPHENOL CORP CL A APH	APH	111,382	$19.6m0.40%	0.40%	Reduced -1.7k	-1,712 -1.5%
95	VISA INC COM CL A V	V	57,105	$19.6m0.40%	0.40%	Reduced -2.6k	-2,604 -4.4%
96	VERALTO CORP COM SHS VLTO	VLTO	216,780	$19.2m0.39%	0.39%	Reduced -30.3k	-30,310 -12.3%
97	SOLSTICE ADVANCED MATLS INC COM SHS SOLS	SOLS	216,366	$19.2m0.39%	0.39%	New
98	ABM INDS INC COM ABM	ABM	414,038	$18.3m0.38%	0.38%	New
99	VERTIV HOLDINGS CO COM CL A VRT	VRT	54,279	$18.2m0.37%	0.37%	Reduced -1.8k	-1,797 -3.2%
100	MONOLITHIC PWR SYS INC COM MPWR	MPWR	12,625	$17.5m0.36%	0.36%	Reduced -3.1k	-3,130 -19.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
UNITED STS LIME & MINERALS I USLM	USLM	143,665	$18.8m143.7k shares
UMH PPTYS INC UMH	UMH	1,130,858	$16.3m1.1m shares
EQUITY LIFESTYLE PPTYS INC ELS	ELS	14,596	$911.1k14.6k shares
EXXON MOBIL CORP XOM	XOM	3,125	$530.2k3.1k shares
BROWN & BROWN INC BRO	BRO	7,105	$463.3k7.1k shares
JOHNSON & JOHNSON JNJ	JNJ	1,810	$442.4k1.8k shares
AIR LEASE CORP AL	AL	5,191	$337.2k5.2k shares
ABBVIE INC ABBV	ABBV	1,248	$271.4k1.2k shares
3M CO MMM	MMM	1,500	$217.8k1.5k shares
DUPONT DE NEMOURS INC DWDP	DWDP	1,083	$148.8k1.1k shares
ABBOTT LABS ABT	ABT	1,248	$128.1k1.2k shares
MCDONALDS CORP MCD	MCD	400	$124.3k400 shares
WHITESTONE REIT		5,533	$89.4k5.5k shares
MERCK & CO INC MRK	MRK	600	$72.2k600 shares
INVESTAR HOLDING CORP ISTR	ISTR	2,401	$65.5k2.4k shares
EMERALD HOLDING INC EEX	EEX	14,228	$64.2k14.2k shares
GE VERNOVA INC GEV	GEV	64	$55.9k64 shares
META PLATFORMS INC META	META	80	$45.8k80 shares
TOWNSQUARE MEDIA INC TSQ	TSQ	8,084	$43.9k8.1k shares
FACTSET RESH SYS INC FDS	FDS	111	$24.1k111 shares
GILDAN ACTIVEWEAR INC		396	$22.0k396 shares
WELLS FARGO CO NEW WFC	WFC	258	$20.5k258 shares
LIFEVANTAGE CORP LFVN	LFVN	4,712	$20.4k4.7k shares
AT&T INC T	T	552	$16.0k552 shares
GENERAL DYNAMICS CORP GD	GD	29	$10.0k29 shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
U S PHYSICAL THERAPY USPH · 13G · filed 2026-10-13	USPH	6.3%≈ $64.6m	+0.8 pts	13G	2026-10-13
EXCELERATE ENERGY INC EE · 13G · filed 2026-10-13	EE	6.1%≈ $73.1m	-0.1 pts	13G	2026-10-13
NAPCO SEC TECHNOLOGIES INC NSSC · 13G · filed 2026-10-13	NSSC	5.8%≈ $79.0m	+0.1 pts	13G	2026-10-13
SHOE CARNIVAL INC SHOE · 13G · filed 2026-05-08	SHOE	5.5%≈ $22.4m	no change	13G	2026-05-08
LEMAITRE VASCULAR INC LMAT · 13G · filed 2025-01-24	LMAT	5.2%≈ $94.9m	new	13G	2025-01-24
KFORCE INC KFRC · 13G · filed 2026-08-04	KFRC	5.2%≈ $43.6m	new	13G	2026-08-04