Copeland Capital Management, LLC
Long book
$4.50B
Q1 2026
Positions
257
Top-10 weight
20%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsCopeland Capital Management, LLC is an institutional manager, running a $4.50B US long book across 257 positions.
The portfolio is broadly diversified across 257 positions (top 10 only 20%). Turnover is modest: positions are typically held for years. Current anchor positions: ENSIGN GROUP INC/THE, PRICESMART INC, LEMAITRE VASCULAR INC, LITTELFUSE INC, WESCO INTERNATIONAL INC.
Over the last 9 quarters its long book ran on average 2.7pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.5%
Q2 2024
+8.0%
Q3 2024
-4.6%
Q4 2024
-6.2%
Q1 2025
+5.1%
Q2 2025
+3.8%
Q3 2025
-1.2%
Q4 2025
+3.0%
Q1 2026
+11.8%
Sector allocation
Industrials 18%
Technology 18%
Healthcare 13%
Financials 12%
Consumer discretionary 11%
Services media 9%
Utilities 6%
Other 3%
Long book by quarter
What does Copeland Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ENSG ENSIGN GROUP INC/THE | Healthcare | 593.4K | $119.6M | 2.7% | -7.5% |
| PSMT PRICESMART INC | Consumer discretionary | 638.9K | $96.2M | 2.1% | -2.2% |
| LMAT LEMAITRE VASCULAR INC | Healthcare | 870.7K | $95.1M | 2.1% | -2.1% |
| LFUS LITTELFUSE INC | Industrials | 263.4K | $89.4M | 2.0% | -12.2% |
| WCC WESCO INTERNATIONAL INC | Consumer discretionary | 321.6K | $88.0M | 2.0% | -11.6% |
| EHC ENCOMPASS HEALTH CORP | Healthcare | 892.8K | $86.4M | 1.9% | +16.8% |
| YOU CLEAR SECURE INC -CLASS A | Technology | 1.8M | $85.0M | 1.9% | -21.5% |
| MTDR MATADOR RESOURCES CO | Energy | 1.3M | $82.4M | 1.8% | -8.6% |
| VMI VALMONT INDUSTRIES | Industrials | 205.5K | $82.1M | 1.8% | -2.4% |
| NSSC NAPCO SECURITY TECHNOLOGIES | Technology | 2.0M | $79.1M | 1.8% | +41.4% |
| KLIC KULICKE & SOFFA INDUSTRIES | Technology | 1.2M | $75.6M | 1.7% | -22.1% |
| HXL HEXCEL CORP | Materials | 921.0K | $74.5M | 1.7% | -2.2% |
| TNL TRAVEL + LEISURE CO | Services media | 1.0M | $70.4M | 1.6% | -8.9% |
| PRDO PERDOCEO EDUCATION CORP | Services media | 1.9M | $69.0M | 1.5% | +8.0% |
| HOMB HOME BANCSHARES INC | Financials | 2.6M | $69.0M | 1.5% | -2.3% |
| CGNX COGNEX CORP | Technology | 1.4M | $68.3M | 1.5% | -1.0% |
| POWI POWER INTEGRATIONS INC | Technology | 1.3M | $67.7M | 1.5% | +12.6% |
| AAON AAON INC | Industrials | 787.6K | $65.2M | 1.4% | -1.5% |
| BC BRUNSWICK CORP | Industrials | 890.4K | $64.8M | 1.4% | -1.8% |
| USPH U.S. PHYSICAL THERAPY INC | Healthcare | 836.8K | $62.7M | 1.4% | +6.5% |
| PATK PATRICK INDUSTRIES INC | Industrials | 563.5K | $62.6M | 1.4% | +17.6% |
| SXI STANDEX INTERNATIONAL CORP | Industrials | 240.8K | $61.4M | 1.4% | -2.1% |
| LSTR LANDSTAR SYSTEM INC | Industrials | 377.4K | $60.5M | 1.3% | -1.0% |
| CPK CHESAPEAKE UTILITIES CORP | Utilities | 468.7K | $59.2M | 1.3% | -2.1% |
| AZZ AZZ INC | Industrials | 458.1K | $57.3M | 1.3% | -1.7% |
| CHE CHEMED CORP | Healthcare | 148.0K | $55.9M | 1.2% | +7.6% |
| SFBS SERVISFIRST BANCSHARES INC | Financials | 753.5K | $54.9M | 1.2% | New |
| OLED UNIVERSAL DISPLAY CORP | Technology | 581.8K | $53.3M | 1.2% | +15.5% |
| EE EXCELERATE ENERGY INC-A | Utilities | 1.6M | $53.0M | 1.2% | +45.0% |
| BIPC BROOKFIELD INFRASTRUCTURE-A | Utilities | 1.3M | $52.9M | 1.2% | -2.5% |
| FSV FIRSTSERVICE CORP | Real estate | 368.5K | $51.2M | 1.1% | +6.5% |
| KBR KBR INC | Industrials | 1.4M | $50.5M | 1.1% | +4.4% |
| CNS COHEN & STEERS INC | Financials | 804.5K | $50.3M | 1.1% | 0.0% |
| HLNE HAMILTON LANE INC-CLASS A | Financials | 505.8K | $50.3M | 1.1% | -3.5% |
| PEGA PEGASYSTEMS INC | Technology | 1.1M | $47.8M | 1.1% | New |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 59.0K | $42.9M | 1.0% | -20.8% |
| WING WINGSTOP INC | Consumer discretionary | 263.1K | $40.8M | 0.9% | -3.3% |
| UFPI UFP INDUSTRIES INC | Other | 430.0K | $39.6M | 0.9% | -1.1% |
| NXST NEXSTAR MEDIA GROUP INC | Communications | 213.0K | $38.5M | 0.9% | -43.4% |
| RS RELIANCE INC | Consumer discretionary | 126.3K | $38.4M | 0.9% | -3.4% |
| MTRN MATERION CORP | Industrials | 265.2K | $38.4M | 0.9% | -13.0% |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 111.1K | $38.0M | 0.8% | -16.8% |
| STE STERIS PLC | Healthcare | 168.9K | $37.4M | 0.8% | -3.8% |
| NYT NEW YORK TIMES CO-A | Other | 439.5K | $36.8M | 0.8% | -2.7% |
| TPB TURNING POINT BRANDS INC | Consumer staples | 407.2K | $35.3M | 0.8% | +99.4% |
| AGM FEDERAL AGRIC MTG CORP-CL C | Financials | 236.6K | $35.1M | 0.8% | -1.8% |
| LKFN LAKELAND FINANCIAL CORP | Financials | 606.4K | $34.8M | 0.8% | -1.5% |
| IRMD IRADIMED CORP | Healthcare | 359.3K | $34.6M | 0.8% | -12.9% |
| KWR QUAKER CHEMICAL CORPORATION | Energy | 265.1K | $32.9M | 0.7% | -14.0% |
| ESQ ESQUIRE FINANCIAL HOLDINGS I | Financials | 304.6K | $32.7M | 0.7% | +14.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 437 | $4.50B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 471 | $4.48B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 468 | $4.80B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 21, 2025 | 459 | $4.86B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 460 | $4.99B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 470 | $5.38B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 456 | $5.75B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 322 | $5.34B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 448 | $5.50B | canonical | SEC ↗ |
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