CONFLUENCE INVESTMENT MANAGEMENT LLC Q1 2020 Filing
Filed April 8, 2020
Portfolio Value
$5.2B
Holdings
291
Report Date
Q1 2020
Filing Type
13F-HR
All Holdings (291 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | IBDTiShares iBonds Dec 2028 Term C | 442,955 | $11.6B | 221.39% | |
| 102 | RMAXRE/MAX Holdings Inc. | 507,161 | $11.1B | 211.76% | |
| 103 | —Invesco BulletShares 2024 | 482,683 | $10.0B | 189.85% | |
| 104 | —Invesco BulletShares 2022 | 466,226 | $9.9B | 188.10% | |
| 105 | MDYVSPDR S&P 400 Mid Cap Value | 279,532 | $9.9B | 187.74% | |
| 106 | IBDSiShares iBonds Dec 2027 Term C | 395,388 | $9.7B | 184.59% | |
| 107 | AQLTiShares iBonds Dec 2023 Term T | 372,072 | $9.6B | 182.17% | |
| 108 | IBMSiShares iBonds Dec 2029 Term T | 337,599 | $9.0B | 170.86% | |
| 109 | IBTGiShares iBonds Dec 2026 Term T | 339,861 | $8.9B | 169.55% | |
| 110 | LQDiShares iBoxx Corporate Bond E | 63,795 | $7.9B | 150.08% | |
| 111 | AQLTiShares iBonds Dec 2025 Term T | 296,030 | $7.7B | 147.28% | |
| 112 | IBTEiShares iBonds Dec 2024 Term T | 294,951 | $7.6B | 145.56% | |
| 113 | SPHQPowershares S&P 500 Quality Po | 220,650 | $6.6B | 125.79% | |
| 114 | DDDupont De Nemurs Inc | 192,183 | $6.6B | 124.82% | |
| 115 | HTOSJW Group | 98,537 | $5.7B | 108.44% | |
| 116 | NWNNorthwest Natural Holding Co | 88,278 | $5.5B | 103.83% | |
| 117 | VNQREIT Index - Vanguard | 77,259 | $5.4B | 102.80% | |
| 118 | IBMQiShares iBonds Dec 2028 Term M | 202,464 | $5.3B | 101.20% | |
| 119 | AIGAmerican International Group I | 218,042 | $5.3B | 100.73% | |
| 120 | SPBSpectrum Brands Holdings Inc | 143,252 | $5.2B | 99.24% | |
| 121 | —James River Group Holdings Ltd | 142,731 | $5.2B | 98.54% | |
| 122 | GBDCGolub Capital BDC Inc. | 409,753 | $5.1B | 98.04% | |
| 123 | IBMPIshares Ibonds Dec 2027 Term M | 185,093 | $4.8B | 91.73% | |
| 124 | GTESGates Industrial | 647,616 | $4.8B | 91.03% | |
| 125 | IIIVI3 Verticals Inc | 247,848 | $4.7B | 90.13% | |
| 126 | SLYGS&P 600 Small Cap Growth - SPD | 102,374 | $4.7B | 90.06% | |
| 127 | SPYS&P 500 - SPDR | 18,220 | $4.7B | 89.45% | |
| 128 | BBDCBarings BDC Inc | 613,944 | $4.6B | 87.47% | |
| 129 | KAIKadant Inc | 59,970 | $4.5B | 85.28% | |
| 130 | NMFCNew Mountain Finance Corp. | 651,146 | $4.4B | 84.33% | |
| 131 | JBTJohn Bean Technologies Corp. | 58,957 | $4.4B | 83.41% | |
| 132 | RBCRBC Bearings Incorporated | 38,488 | $4.3B | 82.69% | |
| 133 | FWRDUSDForward Air Corp. | 84,712 | $4.3B | 81.73% | |
| 134 | HXGBYHexagon AB | 100,576 | $4.2B | 80.93% | |
| 135 | SLRCSolar Capital Ltd. | 357,633 | $4.2B | 79.30% | |
| 136 | HTGCHercules Technology Growth Cap | 527,438 | $4.0B | 76.76% | |
| 137 | IUSViShares Core US Values - ETF | 87,006 | $4.0B | 76.53% | |
| 138 | PAHCPhibro Animal Health Corp Clas | 164,299 | $4.0B | 75.64% | |
| 139 | GOODGladstone Commercial Corp. | 272,761 | $3.9B | 74.59% | |
| 140 | RVNUXTrackers Municipal Infr REven | 140,051 | $3.9B | 73.35% | |
| 141 | RCOResources Connection Inc | 346,332 | $3.8B | 72.36% | |
| 142 | IBMOIshares Ibonds Dec 2026 Term M | 146,062 | $3.8B | 71.77% | |
| 143 | BMRCBank of Marin (CA) | 125,462 | $3.8B | 71.70% | |
| 144 | VREXVarex Imaging Corp | 165,548 | $3.8B | 71.60% | |
| 145 | IAUiShares iBonds Dec 2025 Term M | 139,044 | $3.8B | 71.60% | |
| 146 | AQLTiShares iBonds Dec 2024 Term M | 142,704 | $3.7B | 71.11% | |
| 147 | THRThermon Group Holdings Inc. | 240,063 | $3.6B | 68.92% | |
| 148 | AQLTiShares Muni Bond 2023 | 141,018 | $3.6B | 68.90% | |
| 149 | —iShares iBonds Dec 2022 AMT-Fr | 138,977 | $3.6B | 68.86% | |
| 150 | TPVGTriplePoint Venture Growth BDC | 625,986 | $3.6B | 68.44% | |
| 151 | —TCP Capital Corp. | 570,837 | $3.6B | 67.96% | |
| 152 | —Natus Medical Inc. | 153,150 | $3.5B | 67.47% | |
| 153 | ALNTAllied Motion Technologies Inc | 146,567 | $3.5B | 66.17% | |
| 154 | MUBiShares National AMT-Free Muni | 30,617 | $3.5B | 65.91% | |
| 155 | PDCOEURPatterson Companies Inc. | 222,687 | $3.4B | 64.86% | |
| 156 | SCMStellus Capital Investment | 464,649 | $3.4B | 64.52% | |
| 157 | MOVMovado Group Inc. | 285,354 | $3.4B | 64.25% | |
| 158 | CTVACorteva Inc | 139,865 | $3.3B | 62.61% | |
| 159 | —Neenah Paper Inc | 75,271 | $3.2B | 61.83% | |
| 160 | XLYConsumer Discret Select Sector | 32,654 | $3.2B | 61.01% | |
| 161 | MLMMartin Marietta Materials Inc. | 16,818 | $3.2B | 60.61% | |
| 162 | SLYVSPDR S&P 600 Small CapValue ET | 77,622 | $3.2B | 60.42% | |
| 163 | GSBDGoldman Sachs BDC Inc. | 252,962 | $3.1B | 59.41% | |
| 164 | TSLXUSDTPG Specialty Lending, Inc. | 211,470 | $2.9B | 56.08% | |
| 165 | —MTS Systems Corp. | 128,526 | $2.9B | 55.09% | |
| 166 | XLCCommunication Services Select | 63,122 | $2.8B | 53.20% | |
| 167 | ALKAlaska Air Group Inc. | 96,696 | $2.8B | 52.44% | |
| 168 | IGLBiShares Long-Term Corporate Bo | 42,549 | $2.7B | 51.56% | |
| 169 | —Allergan Inc. | 15,132 | $2.7B | 51.05% | |
| 170 | VBTXVeritex Holdings | 188,334 | $2.6B | 50.12% | |
| 171 | TFISPDR Nuveen Barclays Capital M | 51,456 | $2.6B | 49.01% | |
| 172 | BWINBRP Group | 235,845 | $2.5B | 47.39% | |
| 173 | XLKTechnology Select Sector SPDR | 30,293 | $2.4B | 46.38% | |
| 174 | PNNTPennantPark Investment Corp. | 899,482 | $2.3B | 44.38% | |
| 175 | OFSOFS Capital Corp. | 558,547 | $2.3B | 43.30% | |
| 176 | GOOGLAlphabet Inc. - Class A | 1,771 | $2.1B | 39.20% | |
| 177 | ICLRIcon PLC | 12,966 | $1.8B | 33.58% | |
| 178 | BABAAlibaba Group Holding Ltd | 8,981 | $1.7B | 33.28% | |
| 179 | GSKGlaxoSmithKline Plc (Adr 1:2) | 42,760 | $1.6B | 30.86% | |
| 180 | LVMUYLVMH Moet Hennessy Louis Vuitt | 21,439 | $1.6B | 30.38% | |
| 181 | SHOPShopify Inc | 3,712 | $1.5B | 29.49% | |
| 182 | BKCCUSDBlackRock Kelso Capital Corp. | 697,501 | $1.5B | 29.24% | |
| 183 | FNVFranco-Nevada Corp. | 15,393 | $1.5B | 29.18% | |
| 184 | MFICApollo Investment Corp. | 218,779 | $1.5B | 28.11% | |
| 185 | ZTOZTO Express Cayman Inc | 54,745 | $1.4B | 27.62% | |
| 186 | SONYSony Corp. ADS | 23,646 | $1.4B | 26.65% | |
| 187 | BRK-BBerkshire Hathaway Inc. - Clas | 5 | $1.4B | 25.91% | |
| 188 | AAGIYAIA Group Ltd | 37,480 | $1.3B | 25.70% | |
| 189 | NVONovo Nordisk A/S ADS | 22,094 | $1.3B | 25.33% | |
| 190 | TSMTaiwan Semiconductor Manufactu | 27,477 | $1.3B | 25.01% | |
| 191 | IEMGiShares Core MSCI Emerging Mar | 31,972 | $1.3B | 24.65% | |
| 192 | TWOTwo Harbors Investment Corp. | 336,333 | $1.3B | 24.40% | |
| 193 | IAUiShares iBonds Dec 2022 Term C | 49,500 | $1.2B | 23.37% | |
| 194 | NATHNathan's Famous Inc | 19,581 | $1.2B | 22.74% | |
| 195 | IBTHiShares iBonds Dec 2027 Term T | 45,291 | $1.2B | 22.71% | |
| 196 | —iShares iBonds Dec 2021 Term C | 47,207 | $1.2B | 22.17% | |
| 197 | WCNWaste Connections, INC. | 15,003 | $1.2B | 22.15% | |
| 198 | IBTIiShares iBonds Dec 2028 Term T | 43,828 | $1.2B | 22.10% | |
| 199 | WMMVYWalmart De-Mexico-Spon ADR V | 48,352 | $1.1B | 21.41% | |
| 200 | TCEHYTencent Holdings LTD | 22,507 | $1.1B | 21.05% |