Thompson Investment Management Portfolio Shifts: Key Purchases & Sales in Q2 2026

Thompson Investment Management, Inc., a prominent investment firm, has made notable adjustments to its portfolio holdings as of June 30th, 2026. This analysis focuses on the significant changes observed in their investments during this quarter.

Prominent Purchases: Capitalizing on Growth Opportunities

The investor demonstrated a clear focus on growth potential through several substantial purchases. In the Consumer Cyclical sector, Thompson significantly increased its stake in CHEWY INC CL A (CHWY), acquiring an additional 110,510 shares or approximately 110% more than held previously.

Furthermore, within Technology and Communication Services, notable new positions were established. The investor purchased a considerable amount of WORKDAY INC CL A (WDAY) - specifically 57,704 additional shares representing a 100% increase from the prior period allocation. Similarly, they added NETFLIX INC COM (NFLX), acquiring 8,796 more shares than previously held.

These strategic buys suggest confidence in companies like CHEWY and WDAY for future performance, while also indicating a continued interest in technology and media giants such as Netflix. Thompson's actions point towards seeking exposure to innovative firms with strong growth trajectories.

Significant Sales: Managing Risk Exposure

Conversely, the investor also executed notable sales during Q2 2026. In the Technology sector alone, they disposed of significant holdings in INFINEON TECHNOLOGIES AG SPONS (IFNNY) and VIAVI SOLUTIONS INC COM (VIAV).

The sale of IFNNY was particularly large, involving a reduction of over 52% from its prior period position. Similarly, the stake in VIAV decreased by approximately 28%. These exits signal a potential reassessment or risk management decision regarding these specific technology holdings.

Strategic Shifts and Portfolio Dynamics

The overall portfolio shows active management with changes across various sectors. Thompson exited WDAY entirely, reducing its stake to zero allocation percentage, suggesting they sold all shares previously held in this company during the quarter.

In Healthcare, while adding CONCENTRIX CORP COM (CNXC) and AMN HEALTHCARE SVCS INC COM (AMN), there was also a significant reduction in holdings of UNITEDHEALTH GROUP INC (UNH). This indicates a dynamic approach within the healthcare space as well.

Key Portfolio Indicators

The portfolio's structure remains diversified, with Technology holding the largest allocation at 21.19% and Healthcare close behind at 17.23%. Thompson manages a substantial number of holdings (408), though only the top five positions account for about 15.25% of the total portfolio value.

The investor has shown activity in both large purchases and large sales this quarter, reflecting an active trading strategy focused on capitalizing on market movements and managing risk effectively across their diverse holdings.