Asset manager

Copeland Capital Management, LLC

13F for the quarter to June 30, 2026, filed August 4, 2026 · SEC CIK 1541743

Reported value: $4.9bn
Positions we cover: 236
Copy, a year: +12.0%
Copy Sharpe ratio: 0.64

How copying its 13F would have done

CopyS&P 500 $10,000 copying Copeland Capital Management, LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −32.4% (S&P 500 −31.8%); beta 0.95; alpha −1.1% a year (t = −0.56); last 12 months +10.8% against +12.1%.

Reported value by quarter

Copeland Capital Management, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$556.3M
2013-09-30	$643.7M
2013-12-31	$765M
2014-03-31	$820.6M
2014-06-30	$895.1M
2014-09-30	$982.3M
2014-12-31	$1.4B
2015-03-31	$1.5B
2015-06-30	$2B
2015-09-30	$1.6B
2015-12-31	$1.8B
2016-03-31	$1.5B
2016-06-30	$1.5B
2016-09-30	$1.6B
2016-12-31	$1.5B
2017-03-31	$1.4B
2017-06-30	$1.5B
2017-09-30	$1.5B
2017-12-31	$1.6B
2018-03-31	$1.6B
2018-06-30	$1.7B
2018-09-30	$1.7B
2018-12-31	$1.4B
2019-03-31	$1.6B
2019-06-30	$1.8B
2019-09-30	$1.9B
2019-12-31	$2.3B
2020-03-31	$1.6B
2020-06-30	$1.9B
2020-09-30	$2.3B
2020-12-31	$2.5B
2021-03-31	$3.2B
2021-06-30	$3.3B
2021-09-30	$3.5B
2021-12-31	$3.9B
2022-03-31	$3.6B
2022-06-30	$3.2B
2022-09-30	$3B
2022-12-31	$3.8B
2023-03-31	$4.2M
2023-06-30	$4.8B
2023-09-30	$4.7B
2023-12-31	$5B
2024-03-31	$5.5B
2024-06-30	$5.3B
2024-09-30	$5.7B
2024-12-31	$5.4B
2025-03-31	$5B
2025-06-30	$4.9B
2025-09-30	$4.8B
2025-12-31	$4.5B
2026-03-31	$4.5B
2026-06-30	$4.9B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
KLICKulicke & Soffa Industries Inc	2.75%	$133.8m	1.00M	−13.1% Reduced
PSMTPricesmart Inc	2.45%	$119.1m	609.9K	−4.5% Reduced
LFUSLittelfuse Inc	2.35%	$114.4m	251.3K	−4.6% Reduced
CGNXCognex Corp	1.97%	$96.0m	1.33M	−4.8% Reduced
AAONAAON, Inc.	1.96%	$95.2m	750.2K	−4.8% Reduced
VMIValmont Industries Inc	1.91%	$93.0m	161.0K	−21.6% Reduced
ENSGEnsign Group, Inc	1.87%	$91.2m	568.9K	−4.1% Reduced
HXLHexcel Corp	1.80%	$87.8m	877.8K	−4.7% Reduced
EHCEncompass Health Corp	1.78%	$86.5m	855.4K	−4.2% Reduced
LMATLemaitre Vascular Inc	1.66%	$80.6m	839.5K	−3.6% Reduced
NSSCNapco Security Technologies, Inc	1.57%	$76.6m	2.02M	+0.4%
EEExcelerate Energy, Inc.	1.54%	$75.0m	1.97M	+24.5% Added
TNLTravel & Leisure Co.	1.52%	$74.1m	969.9K	−4.6% Reduced
POWIPower Integrations Inc	1.52%	$73.9m	882.8K	−33.2% Reduced
WCCWesco International Inc	1.51%	$73.7m	213.2K	−33.7% Reduced
BCBrunswick Corp	1.47%	$71.5m	849.3K	−4.6% Reduced
HOMBHome Bancshares Inc	1.43%	$69.8m	2.45M	−4.5% Reduced
CTRECaretrust Reit, Inc.	1.41%	$68.4m	1.70M	−3.9% Reduced
MTRNMaterion Corp	1.39%	$67.7m	227.7K	−14.2% Reduced
CHEChemed Corp	1.39%	$67.5m	145.0K	−2.0% Reduced
LSTRLandstar System Inc	1.36%	$66.2m	320.0K	−15.2% Reduced
SFBSServisfirst Bancshares, Inc.	1.31%	$64.0m	737.5K	−2.1% Reduced
MTDRMatador Resources Co	1.27%	$61.9m	1.24M	−4.7% Reduced
TRNOTerreno Realty Corp	1.23%	$59.9m	924.4K	−4.7% Reduced
SXIStandex International Corp	1.22%	$59.4m	166.2K	−31.0% Reduced
TPBTurning Point Brands, Inc.	1.20%	$58.5m	690.3K	+69.5% Added
CNSCohen & Steers, Inc.	1.20%	$58.5m	768.7K	−4.4% Reduced
PATKPatrick Industries Inc	1.20%	$58.2m	647.8K	+15.0% Added
USPHU S Physical Therapy Inc	1.19%	$57.8m	841.5K	+0.6% Added
PRDOPerdoceo Education Corp	1.16%	$56.6m	1.77M	−4.5% Reduced
CPKChesapeake Utilities Corp	1.12%	$54.6m	445.4K	−5.0% Reduced
UFPIUFP Industries Inc	1.08%	$52.5m	578.3K	+34.5% Added
KBRKBR, Inc.	1.02%	$49.6m	1.44M	+5.0% Added
FSVFirstservice Corp	1.02%	$49.5m	348.4K	−5.5% Reduced
KNSLKinsale Capital Group, Inc.	0.99%	$48.3m	146.6K	+32.0% Added
OLEDUniversal Display Corp \pa\	0.98%	$48.0m	553.9K	−4.8% Reduced
AGMFederal Agricultural Mortgage Corp	0.94%	$45.8m	229.8K	−2.9% Reduced
TILEInterface Inc	0.91%	$44.3m	1.24M	+44074.2% Added
KFRCKforce Inc	0.90%	$43.6m	928.4K	+39.3% Added
WINGWingstop Inc.	0.88%	$42.9m	247.1K	−6.1% Reduced
PEGAPegasystems Inc	0.87%	$42.2m	1.41M	+25.2% Added
KWRQuaker Chemical Corp	0.84%	$41.0m	258.1K	−2.6% Reduced
WSCWillscot Holdings Corp	0.80%	$38.7m	1.34M	−2.5% Reduced
HLNEHamilton Lane Inc	0.79%	$38.3m	486.4K	−3.8% Reduced
IRMDIradimed Corp	0.77%	$37.4m	391.9K	+9.1% Added
RSReliance, Inc.	0.75%	$36.6m	98.0K	−22.4% Reduced
MSAMSA Safety Inc	0.74%	$35.8m	205.2K	+16.1% Added
MORNMorningstar, Inc.	0.74%	$35.8m	229.5K	+69.8% Added
KGSKodiak Gas Services, Inc.	0.73%	$35.8m	476.0K	New
ESQEsquire Financial Holdings, Inc.	0.73%	$35.3m	296.5K	−2.7% Reduced
NVTnVent Electric plc	0.71%	$34.5m	203.2K	−26.0% Reduced
ALGAlamo Group Inc	0.70%	$34.1m	207.2K	+14.2% Added
HSTMHealthstream Inc	0.70%	$34.0m	1.25M	−2.2% Reduced
WHWyndham Hotels & Resorts, Inc.	0.69%	$33.8m	401.1K	+20.4% Added
STESteris	0.68%	$32.9m	156.4K	−7.4% Reduced
DTMDT Midstream, Inc.	0.67%	$32.5m	221.5K	−7.3% Reduced
GOOGLAlphabet Inc. (Class A)	0.66%	$32.1m	89.8K	−3.1% Reduced
NDSNNordson Corporation	0.66%	$31.9m	105.7K	−7.0% Reduced
RHPRyman Hospitality Properties, Inc.	0.65%	$31.6m	245.7K	−6.9% Reduced
DGXQuest Diagnostics	0.63%	$30.7m	144.8K	−6.8% Reduced
UTZUtz Brands, Inc.	0.63%	$30.5m	3.96M	−2.6% Reduced
AAPLApple Inc.	0.62%	$30.0m	103.8K	−4.1% Reduced
AVGOBroadcom	0.59%	$28.9m	76.4K	−5.8% Reduced
NYTNEW York Times Co	0.59%	$28.6m	408.3K	−7.1% Reduced
BMIBadger Meter Inc	0.58%	$28.3m	190.9K	+19090500.0% Added
DKSDick's Sporting Goods, Inc.	0.57%	$27.5m	121.4K	−7.3% Reduced
SNXTD Synnex Corp	0.56%	$27.5m	102.8K	−2.9% Reduced
WINAWinmark Corp	0.55%	$26.7m	63.1K	−2.9% Reduced
JKHYJack Henry & Associates Inc	0.55%	$26.6m	192.9K	+19.0% Added
NXRTNexpoint Residential Trust, Inc.	0.52%	$25.1m	899.5K	+23.5% Added
NVDANVIDIA Corporation	0.52%	$25.1m	125.5K	New
CSLCarlisle Companies Inc	0.51%	$24.8m	68.3K	−7.1% Reduced
PRIPrimerica, Inc.	0.50%	$24.5m	86.2K	−4.9% Reduced
MSFTMicrosoft Corporation	0.50%	$24.4m	65.5K	−3.0% Reduced
MSMorgan Stanley	0.49%	$23.9m	114.4K	−15.3% Reduced
TRUTransunion	0.49%	$23.7m	328.6K	−8.1% Reduced
LRCXLam Research	0.49%	$23.6m	54.5K	+4.7% Added
CASYCasey's	0.48%	$23.4m	29.5K	−50.0% Reduced
CHDNChurchill Downs Inc	0.48%	$23.4m	261.1K	−1.7% Reduced
RGLDRoyal Gold Inc	0.48%	$23.4m	117.1K	+4.7% Added
AYIAcuity Inc. (de)	0.47%	$22.9m	60.8K	+91.4% Added
ATRAptargroup, Inc.	0.46%	$22.4m	178.5K	+26.7% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.45%	$22.0m	46.0K	−19.9% Reduced
FCFSFirstcash Holdings, Inc.	0.44%	$21.4m	99.0K	New
WLFCWillis Lease Finance Corp	0.43%	$20.9m	91.2K	New
LLYLilly (Eli)	0.42%	$20.2m	16.9K	−9.9% Reduced
GTXGarrett Motion Inc.	0.41%	$20.0m	553.2K	New
JPMJPMorgan Chase	0.41%	$20.0m	61.2K	−0.7% Reduced
APHAmphenol	0.40%	$19.6m	111.4K	−1.5% Reduced
VVisa Inc.	0.40%	$19.6m	57.1K	−4.4% Reduced
VLTOVeralto	0.40%	$19.2m	216.8K	−12.3% Reduced
SOLSSolstice Advanced Materials Inc.	0.39%	$19.2m	216.4K	New
ABMABM Industries Inc	0.38%	$18.3m	414.0K	New
VRTVertiv	0.37%	$18.2m	54.3K	−3.2% Reduced
MPWRMonolithic Power Systems, Inc.	0.36%	$17.5m	12.6K	−19.9% Reduced
ROSTRoss Stores	0.34%	$16.3m	76.7K	−5.4% Reduced
BSYBentley Systems Inc	0.34%	$16.3m	546.2K	−20.6% Reduced
BPOPPopular, Inc.	0.31%	$15.2m	92.5K	+1280.9% Added
WCNWaste Connections, Inc.	0.30%	$14.9m	89.1K	−3.7% Reduced
DPZDomino's	0.30%	$14.7m	49.8K	−17.0% Reduced
CNXCConcentrix Corp	0.29%	$14.3m	640.1K	−40.7% Reduced
EBAYeBay Inc.	0.29%	$13.9m	124.6K	−2.2% Reduced
MARMarriott International	0.28%	$13.5m	36.5K	−21.4% Reduced
MSIMotorola Solutions	0.26%	$12.8m	30.7K	−3.3% Reduced
BAHBooz Allen Hamilton Holding Corp	0.26%	$12.5m	205.7K	−10.1% Reduced
WABWabtec	0.25%	$12.3m	45.7K	−2.1% Reduced
PMPhilip Morris International	0.24%	$11.7m	64.9K	−2.6% Reduced
CORCencora	0.24%	$11.6m	41.1K	−2.7% Reduced
ARESAres Management	0.22%	$10.9m	97.9K	+12.3% Added
CTASCintas	0.22%	$10.9m	63.9K	−2.7% Reduced
ECLEcolab	0.21%	$10.4m	37.5K	+13.1% Added
NRGNRG Energy	0.21%	$10.2m	69.7K	−0.2%
FANGDiamondback Energy	0.20%	$9.7m	55.3K	+719.6% Added
COSTCostco	0.20%	$9.6m	10.3K	−5.5% Reduced
BWXTBWX Technologies, Inc.	0.19%	$9.2m	47.1K	−7.5% Reduced
ORCLOracle Corporation	0.18%	$8.8m	60.2K	+94.4% Added
BKNGBooking Holdings	0.17%	$8.1m	45.5K	+2388.8% Added
LNGCheniere Energy, Inc.	0.17%	$8.1m	33.8K	−2.3% Reduced
JBHTJ.B. Hunt	0.04%	$1.7m	5.9K	−7.4% Reduced
WSMWilliams-Sonoma, Inc.	0.03%	$1.3m	5.7K	+8.4% Added
WDCWestern Digital	0.02%	$1.1m	1.7K	New
ALLAllstate	0.02%	$1.1m	4.5K	+11.7% Added
CTVACorteva, Inc.	0.02%	$1.1m	12.6K	−1.7% Reduced
MSCIMSCI	0.02%	$1.0m	1.8K	−0.7% Reduced
NDAQNasdaq, Inc.	0.02%	$1.0m	12.7K	−3.7% Reduced
VMCVulcan Materials Company	0.02%	$988,636	3.4K	−1.8% Reduced
FIXComfort Systems USA	0.02%	$927,552	468	+0.2%
RMDResMed\|	0.02%	$924,177	4.7K	−1.8% Reduced
EQIXEquinix	0.02%	$884,930	848	−2.2% Reduced
REGNRegeneron Pharmaceuticals	0.02%	$845,520	1.4K	−6.4% Reduced
NEENextEra Energy	0.02%	$835,471	9.5K	−1.9% Reduced
BRBroadridge Financial Solutions	0.02%	$795,770	5.8K	−16.1% Reduced
BAMBrookfield Asset Management Ltd.	0.01%	$749,832	16.7K	−1.7% Reduced
AMPAmeriprise Financial	0.01%	$652,815	1.4K	−95.5% Reduced
CRMSalesforce	0.01%	$570,743	3.6K	−2.0% Reduced
HDThe Home Depot	0.01%	$406,640	1.2K	−25.8% Reduced
SHWSherwin-Williams	0.01%	$353,616	1.0K	0.0%
NXSTNexstar Media Group, Inc.	0.01%	$268,598	1.5K	−99.3% Reduced
EGPEastgroup Properties Inc	0.01%	$266,732	1.3K	−0.8% Reduced
VTRVentas	0.01%	$265,689	3.0K	−0.8% Reduced
IRMIron Mountain	0.01%	$262,093	2.1K	−0.8% Reduced
AWKAmerican Water Works	0.01%	$224,870	1.7K	−80.5% Reduced
EWBCEast West Bancorp Inc	0.00%	$211,836	1.6K	−20.5% Reduced
OTISOtis Worldwide	0.00%	$205,635	2.9K	−17.0% Reduced
GEGE Aerospace	0.00%	$199,571	534	−32.4% Reduced
UNFUnifirst Corp	0.00%	$196,758	744	−99.1% Reduced
SYFSynchrony Financial	0.00%	$196,513	2.6K	New
BLKBlackRock	0.00%	$190,388	198	−33.6% Reduced
QQnity Electronics, Inc.	0.00%	$187,316	1.1K	New
SSNCSS&C Technologies Holdings Inc	0.00%	$174,732	2.8K	−20.5% Reduced

Company	Bought (value)	Shares
TILEInterface Inc	$44.2m	1.23M
KGSKodiak Gas Services, Inc.	$35.8m	476.0K
BMIBadger Meter Inc	$28.3m	190.9K
NVDANVIDIA Corporation	$25.1m	125.5K
TPBTurning Point Brands, Inc.	$24.0m	283.1K
FCFSFirstcash Holdings, Inc.	$21.4m	99.0K
WLFCWillis Lease Finance Corp	$20.9m	91.2K
GTXGarrett Motion Inc.	$20.0m	553.2K
SOLSSolstice Advanced Materials Inc.	$19.2m	216.4K
ABMABM Industries Inc	$18.3m	414.0K
EEExcelerate Energy, Inc.	$14.8m	389.0K
MORNMorningstar, Inc.	$14.7m	94.3K
BPOPPopular, Inc.	$14.1m	85.8K
UFPIUFP Industries Inc	$13.5m	148.3K
KFRCKforce Inc	$12.3m	262.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
LKFNLakeland Financial Corp	−$38.1m	−606.3K
NXSTNexstar Media Group, Inc.	−$37.8m	−211.5K
WCCWesco International Inc	−$37.4m	−108.4K
POWIPower Integrations Inc	−$36.8m	−439.0K
SXIStandex International Corp	−$26.7m	−74.6K
PBProsperity Bancshares Inc	−$26.2m	−358.3K
VMIValmont Industries Inc	−$25.7m	−44.5K
CASYCasey's	−$23.4m	−29.5K
SHOEShoe Station Group Inc	−$22.4m	−1.51M
UNFUnifirst Corp	−$22.3m	−84.4K
KLICKulicke & Soffa Industries Inc	−$20.2m	−150.7K
USLMUnited States Lime & Minerals Inc	−$18.8m	−143.7K
UMHUMH Properties, Inc.	−$16.3m	−1.13M
POOLPool Corp	−$15.3m	−71.2K
AMPAmeriprise Financial	−$13.8m	−30.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
USLMUnited States Lime & Minerals Inc	$18.8m	143.7K
UMHUMH Properties, Inc.	$16.3m	1.13M
ELSEquity Lifestyle Properties Inc	$911,084	14.6K
BROBrown & Brown	$463,317	7.1K
JNJJohnson & Johnson	$442,436	1.8K
ABBVAbbVie	$271,427	1.2K
MMM3M	$217,845	1.5K
ABTAbbott Laboratories	$128,132	1.2K
MCDMcDonald's	$124,316	400
MRKMerck & Co.	$72,174	600
ISTRInvestar Holding Corp	$65,475	2.4K
GEVGE Vernova	$55,865	64
METAMeta Platforms	$45,770	80
TSQTownsquare Media, Inc.	$43,896	8.1K
FDSFactset Research Systems Inc	$24,085	111
WFCWells Fargo	$20,539	258
LFVNLifevantage Corp	$20,355	4.7K
TAT&T	$16,002	552
GDGeneral Dynamics	$9,953	29
SYKStryker Corporation	$5,586	17
CRAICRA International, Inc.	$5,018	31
NOGNorthern OIL & GAS, Inc.	$1,284	43

Industrials22.8%
Technology19.1%
Financials12.2%
Health Care12.0%
Consumer Discretionary10.9%
Consumer Staples5.5%
Real Estate5.1%
Energy4.8%
Materials4.8%
Utilities1.4%
Communication Services1.3%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to November 2, 2026	+12.0%	+14.1%	0.64	0.78	−32.4%	0.95
2018 onwardsJanuary 5, 2018 to November 2, 2026	+10.6%	+13.9%	0.48	0.66	−32.4%	0.94
Last three yearsNovember 3, 2023 to November 2, 2026	+9.8%	+21.8%	0.39	1.16	−21.5%	0.80
Last yearNovember 7, 2025 to November 2, 2026	+11.8%	+14.2%	0.64	0.84	−9.0%	0.59

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.