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)

StockValue
DSDVYDSV Panalpina
$1.1B
CYBRCyberark Software Ltd
$1.1B
ESLTElbit Systems Ltd
$1.1B
CSWCCapital Southwest Corp.
$1.1B
HYGHigh Yield Corporate Bond Fund
$1.0B
WTWWillis Towers Watson Public Lt
$1.0B
RIORio Tinto PLC
$1.0B
IWNRussell 2000 Value Index - iSh
$933.0M
CNRCanadian National Railway
$925.0M
SAPSAP AG - ADS
$884.0M
ULUnilever Plc
$881.0M
NMI1EURKirkland Lake Gold Ltd
$863.0M
NTDOYNintendo Co. Ltd. ADS
$849.0M
FSC1EUROaktree Specialty Lending Corp
$848.0M
IAUiShares iBonds Dec 2023 Term C
$831.0M
CCAPCrescent Capital BDC, Inc.
$823.0M
MAINMain Street Capital Corp.
$768.0M
DBS GROUP HOLDINGS-SPON ADR
$745.0M
RDS/ARoyal Dutch Shell PLC - Cl A
$741.0M
BROBrown & Brown Inc.
$729.0M
BCSFBain Capital Specialty Finance
$725.0M
MINTPimco Enhanced Short Maturity
$722.0M
PFLTPennantPark Floating Rate Capi
$701.0M
UOVEYUnited Overseas Bank Limited
$639.0M
BPBP PLC (Adr 1:6)
$615.0M
APTVAPTIV PLC
$600.0M
FSPFranklin Street Properties Cor
$587.0M
FANUYFanuc Ltd. ADS
$584.0M
HDBHDFC Bank Ltd
$568.0M
SLVSilver Trust - iShares
$553.0M
TLHiShares Barclays 10-20 Year Tr
$536.0M
Solar Senior Capital Ltd.
$529.0M
IWDRussell 1000 Value Index - iSh
$522.0M
VUSXXVanguard Treasury Money Market
$520.0M
MUFGMitsubishi UFJ Financial
$516.0M
GBILGoldman Sachs Treasury Access
$502.0M
Capstead Mortgage Corp.
$467.0M
MLCOMelco Resorts & Entertainment
$464.0M
KMTUYKOMATSU LTD
$464.0M
VVisa, Inc. - A
$419.0M
JAZZJazz Pharmaceuticals Plc
$382.0M
PAGSPagseguro Digital Ltd
$380.0M
SSDOYShiseido Co Ltd
$358.0M
VIPSVipshop Holdings Ltd
$348.0M
NBISYandex NV
$337.0M
Manatuck Hill Mariner Offshore
$335.0M
LLYEli Lilly & Co.
$333.0M
UI2Kemper Corp.
$332.0M
HTHTHuazhu Group Ltd.
$325.0M
ICMBInvestcorp Credit Management B
$319.0M
KCAPUSDPortman Ridge Finance Corp
$319.0M
NATHNathan's Famous Inc
$312.0M
MLB1MERCADOLIBRE INC
$312.0M
XNGSYENN Energy Holdings Ltd
$279.0M
SNPUSDChina Petroleum & Chemical Co
$277.0M
AAPLApple Inc.
$277.0M
YUMCYum China Holdings Inc
$274.0M
TTENTotal SA - ADR
$274.0M
MCCUSDMedley Capital Corp.
$271.0M
JPMJP Morgan Chase & Company
$269.0M
COSTCostco Wholesale Corporation
$248.0M
CEOCNOOC Ltd.
$239.0M
RGLDRoyal Gold, Inc.
$237.0M
FLOTiShares Floating Rate Note Fun
$232.0M
NVDANVIDIA Corp.
$229.0M
EQXEquinox Gold
$229.0M
ZNHUSDChina Southern Airlines Co Ltd
$229.0M
GQ9Gold Shares - SPDR
$224.0M
MMC Norilsk Nickel
$217.0M
BAPCREDICORP LTD
$216.0M
CHLUSDChina Mobile Limited
$213.0M
BACBank of America Corp.
$211.0M
WNSNWNS Holdings Ltd
$204.0M
PYPLPayPal Holdings, Inc.
$203.0M
ABXBarrick Gold ORD Shrs
$203.0M
PAASPan American Silver Corp
$190.0M
SIL1EURSilverCrest Metals Inc
$177.0M
TMETencent Music Entertainment Gr
$175.0M
AYS1Sandstorm Gold Ltd.
$168.0M
C1B2Cia Brasileira de Distribuicao
$166.0M
TXGTorex Gold Res Inc
$161.0M
SEASeabridge Gold Inc.
$157.0M
BBDBanco Bradesco S.A.
$155.0M
ECEcopetrol SA
$154.0M
ITUBItau Unibanco Holding S/A ADS
$148.0M
CCOCameco Corp.
$129.0M
LZRFYLocaliza Rent a Car SA
$120.0M
OREUROsisko Gold Royalties Ltd
$117.0M
FCXFreeport-McMoRan Copper & Gold
$114.0M
ICICI Bank Ltd. ADS
$114.0M
TECK/BTeck Resources Limited
$112.0M
LYSDYLynas Corp Ltd
$93.0M
PBRPetrobras Petroleo Brasileiro
$58.0M
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