Skip to main content
Livermore
Livermore
ZHEN

Copeland Capital Management, LLC

SEC CIK
0001541743
Latest filing
Aug 4, 2026

The latest 13F from Copeland Capital Management, LLC covers Q2 2026 (filed Aug 4, 2026): 265 long positions worth $4.87B. The top 10 holdings make up 20.8% of the portfolio, and the largest is Kulicke & Soffa Industries Inc (KLIC) at 2.7%. Livermore has 25 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
36
Est. +$186.3M
Added
42
Est. +$257.1M
Reduced
165
Est. −$596.8M
Sold out
28
Est. −$39.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. KLICKulicke & Soffa Industries Inc
    2.7%$133.8MHistory
  2. PSMTPricesmart Inc
    2.4%$119.1MHistory
  3. LFUSLittelfuse Inc
    2.4%$114.4MHistory
  4. CGNXCognex Corp
    2.0%$96.0MHistory
  5. AAONAaon, Inc.
    2.0%$95.2MHistory

Share of portfolio

Top 5 holdings and the other 260 positions, by share of portfolio value

  1. KLIC2.7%
  2. PSMT2.4%
  3. LFUS2.4%
  4. CGNX2.0%
  5. AAON2.0%
  6. Other 260 positions88.5%

Biggest buys

New and added positions, by estimated amount bought

  1. TILEInterface Inc
    +$44.2MAddedHistory
  2. KGSKodiak Gas Services, Inc.
    +$35.8MNewHistory
  3. BMIBadger Meter Inc
    +$28.3MAddedHistory
  4. NVDANVIDIA Corp
    +$25.1MNewHistory
  5. TPBTurning Point Brands, Inc.
    +$24.0MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. TILEInterface Inc
    +0.91 pp<0.1% → 0.9%History
  2. KGSKodiak Gas Services, Inc.
    +0.73 pp0.0% → 0.7%History
  3. BMIBadger Meter Inc
    +0.58 pp<0.1% → 0.6%History
  4. NVDANVIDIA Corp
    +0.52 pp0.0% → 0.5%History
  5. KFRCKforce Inc
    +0.46 pp0.4% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. LKFNLakeland Financial Corp
    −$38.1MReducedHistory
  2. NXSTNexstar Media Group, Inc.
    −$37.8MReducedHistory
  3. WCCWesco International Inc
    −$37.4MReducedHistory
  4. POWIPower Integrations Inc
    −$36.8MReducedHistory
  5. SXIStandex International Corp
    −$26.7MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NXSTNexstar Media Group, Inc.
    −0.85 pp0.9% → <0.1%History
  2. ENSGEnsign Group, Inc
    −0.79 pp2.7% → 1.9%History
  3. LKFNLakeland Financial Corp
    −0.77 pp0.8% → <0.1%History
  4. MTDRMatador Resources Co
    −0.56 pp1.8% → 1.3%History
  5. PBProsperity Bancshares Inc
    −0.54 pp0.5% → <0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$4.87B
+$370.8M (+8.2%) vs. prior quarter
Positions
265
+8 vs. prior quarter
Top 10 concentration
20.8%
Top 10 as share of value
Turnover
9.5%
Q2 2026, one quarter
Average holding period
13.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $5.75B (Q3 2024)

Q1 2021: $3.21BQ2 2021: $3.33BQ3 2021: $3.51BQ4 2021: $3.85BQ1 2022: $3.63BQ2 2022: $3.15BQ3 2022: $3.03BQ4 2022: $3.79BQ1 2023: $4.25BQ2 2023: $4.85BQ3 2023: $4.65BQ4 2023: $4.99BQ1 2024: $5.50BQ2 2024: $5.34BQ3 2024: $5.75BQ4 2024: $5.38BQ1 2025: $4.99BQ2 2025: $4.86BQ3 2025: $4.80BQ4 2025: $4.48BQ1 2026: $4.50BQ2 2026: $4.87B
Q1 2021Q2 2026
13F filings of Copeland Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 2026265$4.87BKLICPSMTLFUSvs. Q1 2026SEC
Q1 2026May 6, 2026257$4.50BENSGPSMTLMATvs. Q4 2025SEC
Q4 2025Jan 29, 2026297$4.48BENSGWCCVMIvs. Q3 2025SEC
Q3 2025Oct 17, 2025292$4.80BENSGEHCVMIvs. Q2 2025SEC
Q2 2025Jul 21, 2025287$4.86BENSGEHCKNSLvs. Q1 2025SEC
Q1 2025Apr 24, 2025283$4.99BEHCENSGHLNEvs. Q4 2024SEC
Q4 2024Jan 24, 2025294$5.38BENSGEHCHLNEvs. Q3 2024SEC
Q3 2024Oct 21, 2024279$5.75BHLNEENSGEHCvs. Q2 2024SEC
Q2 2024Jul 26, 2024146$5.34BENSGEHCHLNEvs. Q1 2024SEC
Q1 2024Apr 19, 2024272$5.50BENSGKNSLCASYvs. Q4 2023SEC
Q4 2023Jan 19, 2024278$4.99BENSGHLNEOLEDvs. Q3 2023SEC
Q3 2023Oct 23, 2023290$4.65BENSGCASYNOGvs. Q2 2023SEC
Q2 2023Jul 14, 2023313$4.85BIPARENSGUSPHvs. Q1 2023SEC
Q1 2023Apr 14, 2023286$4.25BIPARENSGOLEDvs. Q4 2022SEC
Q4 2022Jan 13, 2023287$3.79BENSGCHEOZKvs. Q3 2022SEC
Q3 2022Oct 12, 2022280$3.03BENSGNXSTOZKvs. Q2 2022SEC
Q2 2022Jul 15, 2022278$3.15BENSGCHENOGvs. Q1 2022SEC
Q1 2022Apr 18, 2022273$3.63BNXSTENSGCHRDvs. Q4 2021SEC
Q4 2021Jan 18, 2022274$3.85BENSGCCMPNXSTvs. Q3 2021SEC
Q3 2021Jan 18, 2022Amended275$3.51BNXSTOZKENSGvs. Q2 2021SEC
Q2 2021Jan 18, 2022Amended275$3.33BENSGNXSTBCvs. Q1 2021SEC
Q1 2021Jan 18, 2022Amended277$3.21BENSGBCNXST–SEC

13D and 13G filings

Companies where Copeland Capital Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

6 companies, largest stake first.

Companies where Copeland Capital Management, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
EEExcelerate Energy, Inc.13G6.20%1.97M sharesNewAug 4, 20261 filingAug 4, 2026SEC
NSSCNapco Security Technologies, Inc13G5.65%2.02M shares+0.05 ppfrom 5.60%May 7, 20262 filingsAug 4, 2026SEC
USPHU S Physical Therapy Inc13G/A5.53%841.5K shares+0.03 ppfrom 5.50%Oct 22, 20248 filingsAug 4, 2026SEC
SHOEShoe Station Group Inc13G5.50%1.51M shares−0.05 ppfrom 5.55%Jan 22, 20246 filingsMay 8, 2026SEC
LMATLemaitre Vascular Inc13G5.21%989.0K shares–Jan 26, 20225 filingsJan 24, 2025SEC
KFRCKforce Inc13G5.18%928.4K sharesNewAug 4, 20261 filingAug 4, 2026SEC

Latest filings

29 filings on file made by Copeland Capital Management, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Copeland Capital Management, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
USPHU S Physical Therapy IncAug 4, 20262:11 PM ET13G/A5.53%841.5K shares+0.03 ppfrom 5.50%Jun 30, 2026SEC
NSSCNapco Security Technologies, IncAug 4, 20262:08 PM ET13G5.65%2.02M shares+0.05 ppfrom 5.60%Jun 30, 2026SEC
KFRCKforce IncAug 4, 20262:06 PM ET13G5.18%928.4K sharesNewJun 30, 2026SEC
EEExcelerate Energy, Inc.Aug 4, 20262:03 PM ET13G6.20%1.97M sharesNewJun 30, 2026SEC
USPHU S Physical Therapy IncMay 8, 20261:11 PM ET13G5.50%836.8K shares+0.33 ppfrom 5.17%Mar 31, 2026SEC
SHOEShoe Station Group IncMay 8, 20261:05 PM ET13G5.50%1.51M shares−0.05 ppfrom 5.55%Mar 31, 2026SEC
NSSCNapco Security Technologies, IncMay 7, 20264:11 PM ET13G5.60%2.01M sharesNewMar 31, 2026SEC
USPHU S Physical Therapy IncJan 29, 20263:11 PM ET13G5.17%786.1K shares−0.37 ppfrom 5.54%Dec 31, 2025SEC
SHOEShoe Station Group IncJan 29, 20262:56 PM ET13G5.55%1.52M shares−0.38 ppfrom 5.93%Dec 31, 2025SEC
SHOEShoe Station Group IncOct 15, 202510:58 AM ET13G5.93%1.62M shares−0.35 ppfrom 6.28%Sep 30, 2025SEC
USPHU S Physical Therapy IncOct 15, 202510:55 AM ET13G5.54%844.0K shares−0.31 ppfrom 5.85%Sep 30, 2025SEC
SHOEShoe Station Group IncJul 21, 20252:15 PM ET13G6.28%1.72M shares+1.13 ppfrom 5.15%Jun 30, 2025SEC
USPHU S Physical Therapy IncJul 21, 20252:01 PM ET13G5.85%676.8K shares+0.48 ppfrom 5.37%Jun 30, 2025SEC
USPHU S Physical Therapy IncApr 24, 202512:18 PM ET13G5.37%676.8K shares−0.19 ppfrom 5.56%Mar 31, 2025SEC
SHOEShoe Station Group IncApr 24, 202512:14 PM ET13G5.15%1.40M shares–Mar 31, 2025SEC
LMATLemaitre Vascular IncJan 24, 20251:34 PM ET13G5.21%989.0K shares–Dec 31, 2024SEC
USPHU S Physical Therapy IncJan 24, 20251:30 PM ET13G5.56%701.2K shares–Dec 31, 2024SEC
USPHU S Physical Therapy IncOct 22, 202413GOld format–New–SEC
LMATLemaitre Vascular IncOct 22, 202413GOld format–––SEC
STVNStevanato Group S.p.A.Jan 22, 202413GOld format–––SEC