CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2018 Filing
Filed July 12, 2018
Portfolio Value
$5.7B
Holdings
312
Report Date
Q2 2018
Filing Type
13F-HR
All Holdings (312 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 201 | XLEEnergy Select Sector - SPDR | 18,353 | $1.4B | 24.50% | |
| 202 | REZiShares Residential Real Estat | 21,645 | $1.4B | 23.99% | |
| 203 | ULUnilever Plc | 23,985 | $1.3B | 23.30% | |
| 204 | XLBMaterials Select Sector - SPDR | 22,605 | $1.3B | 23.07% | |
| 205 | MUFGMitsubishi UFJ Financial | 228,182 | $1.3B | 22.65% | |
| 206 | ZTOZTO Express Cayman Inc | 61,301 | $1.2B | 21.55% | |
| 207 | JPMJP Morgan Chase & Company | 11,716 | $1.2B | 21.46% | |
| 208 | PFLTPennantPark Floating Rate Capi | 88,312 | $1.2B | 21.19% | |
| 209 | FANUYFanuc Ltd. ADS | 60,465 | $1.2B | 21.07% | |
| 210 | VVisa, Inc. - A | 8,995 | $1.2B | 20.93% | |
| 211 | —Corporate Capital Trust Inc | 75,931 | $1.2B | 20.84% | |
| 212 | IXOrix Corp. ADS | 14,510 | $1.1B | 20.14% | |
| 213 | —KCAP Financial Inc | 340,472 | $1.1B | 19.45% | |
| 214 | KMTUYKOMATSU LTD | 38,802 | $1.1B | 19.42% | |
| 215 | —Alcentra Capital Corporation | 172,787 | $1.1B | 19.40% | |
| 216 | —Solar Senior Capital Ltd. | 66,573 | $1.1B | 19.08% | |
| 217 | ITGartner Inc | 7,565 | $1.0B | 17.66% | |
| 218 | NTDOYNintendo Co. Ltd. ADS | 24,591 | $1.0B | 17.63% | |
| 219 | —Capstead Mortgage Corp. | 111,062 | $994.0M | 17.47% | |
| 220 | SANBanco Santander - ADR | 182,018 | $972.0M | 17.08% | |
| 221 | JAZZJazz Pharmaceuticals Plc | 5,453 | $940.0M | 16.52% | |
| 222 | KBKB Financial Group Inc | 19,360 | $900.0M | 15.82% | |
| 223 | ABTAbbott Laboratories | 14,746 | $899.0M | 15.80% | |
| 224 | MLCOMelco Resorts & Entertainment | 31,507 | $882.0M | 15.50% | |
| 225 | —INFINEON TECHNOLOGIES-ADR | 31,129 | $796.0M | 13.99% | |
| 226 | SAPSAP AG - ADS | 6,857 | $793.0M | 13.94% | |
| 227 | EOGEOG Resources | 6,268 | $780.0M | 13.71% | |
| 228 | TSMTaiwan Semiconductor Manufactu | 19,976 | $730.0M | 12.83% | |
| 229 | DSDVYDSV A/S-Unsponsored ADR | 17,545 | $705.0M | 12.39% | |
| 230 | FMSFresenius Medical Care AG & Co | 13,916 | $701.0M | 12.32% | |
| 231 | FSPFranklin Street Properties Cor | 80,000 | $685.0M | 12.04% | |
| 232 | LVLNSPDR KBW REGIONAL BA | 10,572 | $645.0M | 11.33% | |
| 233 | BACBank of America Corp. | 22,767 | $642.0M | 11.28% | |
| 234 | SNNSmith & Nephew (Adr 1:5) | 16,305 | $612.0M | 10.75% | |
| 235 | VNQREIT Index - Vanguard | 7,486 | $610.0M | 10.72% | |
| 236 | PYPLPayPal Holdings, Inc. | 7,002 | $583.0M | 10.25% | |
| 237 | BROBrown & Brown Inc. | 19,490 | $540.0M | 9.49% | |
| 238 | HTHTHuazhu Group Ltd. | 12,721 | $534.0M | 9.38% | |
| 239 | AFWAlign Technology Inc. | 1,538 | $526.0M | 9.24% | |
| 240 | IWORussell 2000 Growth Index - iS | 2,325 | $475.0M | 8.35% | |
| 241 | TALTAL Education Group | 12,790 | $471.0M | 8.28% | |
| 242 | IVVS&P 500 Index Fund - iShares | 1,543 | $421.0M | 7.40% | |
| 243 | CEOCNOOC Ltd. | 2,443 | $418.0M | 7.35% | |
| 244 | KOThe Coca-Cola Company | 9,282 | $407.0M | 7.15% | |
| 245 | LRCXEURLam Research Corporation | 2,314 | $400.0M | 7.03% | |
| 246 | —Manatuck Hill Mariner Offshore | 2,479 | $389.0M | 6.84% | |
| 247 | HDBHDFC Bank Ltd | 3,573 | $375.0M | 6.59% | |
| 248 | AAPLApple Inc. | 2,026 | $375.0M | 6.59% | |
| 249 | HYGHigh Yield Corporate Bond Fund | 4,373 | $372.0M | 6.54% | |
| 250 | NBISYandex NV | 10,339 | $371.0M | 6.52% | |
| 251 | HONHoneywell International, Inc. | 2,557 | $368.0M | 6.47% | |
| 252 | STTBarclays Capital High Yield Bo | 10,382 | $368.0M | 6.47% | |
| 253 | BIDUNBaidu Inc. ADS | 1,503 | $365.0M | 6.41% | |
| 254 | BLKCHFBlackRock, Inc. | 725 | $362.0M | 6.36% | |
| 255 | JDJD.com Inc | 9,295 | $362.0M | 6.36% | |
| 256 | AQLTiShares iBonds Dec 2024 Term M | 14,273 | $360.0M | 6.33% | |
| 257 | RGLDRoyal Gold, Inc. | 3,836 | $356.0M | 6.26% | |
| 258 | AVGOBroadcom Inc | 1,455 | $353.0M | 6.20% | |
| 259 | BAPCREDICORP LTD | 1,561 | $351.0M | 6.17% | |
| 260 | RSX1USDMKT VCTR RUSSIA SBI | 16,307 | $346.0M | 6.08% | |
| 261 | WMMVYWalmart De-Mexico-Spon ADR V | 12,791 | $338.0M | 5.94% | |
| 262 | UI2Kemper Corp. | 4,470 | $338.0M | 5.94% | |
| 263 | WBWeibo Corporation | 3,779 | $335.0M | 5.89% | |
| 264 | SQMSoc Quimica Y Minera Chile (Ad | 6,952 | $334.0M | 5.87% | |
| 265 | —ETFS Physical Platinum | 4,006 | $325.0M | 5.71% | |
| 266 | EWYMSCI Korea Index Fund - iShare | 4,758 | $322.0M | 5.66% | |
| 267 | COSTCostco Wholesale Corporation | 1,509 | $315.0M | 5.54% | |
| 268 | IJRS&P SmallCap 600 Index Fund - | 3,739 | $312.0M | 5.48% | |
| 269 | LZRFYLocaliza Rent a Car SA | 51,287 | $309.0M | 5.43% | |
| 270 | FNVFranco-Nevada Corp. | 4,207 | $307.0M | 5.40% | |
| 271 | XPOXPO Logistics Inc | 3,056 | $306.0M | 5.38% | |
| 272 | ITUBItau Unibanco Holding S/A ADS | 29,363 | $305.0M | 5.36% | |
| 273 | JOBSUSD51Job Inc. - ADR | 3,112 | $304.0M | 5.34% | |
| 274 | GQ9Gold Shares - SPDR | 2,557 | $303.0M | 5.32% | |
| 275 | CLRUSDContinental Resources, Inc. | 4,639 | $300.0M | 5.27% | |
| 276 | NOAHNoah Holdings Ltd | 5,724 | $299.0M | 5.25% | |
| 277 | —Woori Bank | 6,764 | $297.0M | 5.22% | |
| 278 | MLB1MERCADOLIBRE INC | 987 | $295.0M | 5.18% | |
| 279 | WPMWheaton Precious Metals Corp | 13,088 | $289.0M | 5.08% | |
| 280 | PXDEURPioneer Natural Resources Co. | 1,520 | $288.0M | 5.06% | |
| 281 | DLNWisdomTree LargeCap Dividend F | 3,196 | $287.0M | 5.04% | |
| 282 | HCAHCA Holdings Inc | 2,755 | $283.0M | 4.97% | |
| 283 | USBUS Bancorp | 5,169 | $259.0M | 4.55% | |
| 284 | IQIQIYI Inc | 7,935 | $256.0M | 4.50% | |
| 285 | VMCVulcan Materials Co. | 1,969 | $254.0M | 4.46% | |
| 286 | AMZNAmazon.com, Inc. | 147 | $250.0M | 4.39% | |
| 287 | SEASeabridge Gold Inc. | 22,042 | $246.0M | 4.32% | |
| 288 | TELTE Connectivity Ltd. | 2,716 | $245.0M | 4.31% | |
| 289 | FLOTiShares Floating Rate Note Fun | 4,755 | $243.0M | 4.27% | |
| 290 | MINTPimco Enhanced Short Maturity | 2,375 | $241.0M | 4.24% | |
| 291 | ZNHUSDChina Southern Airlines Co Ltd | 6,089 | $241.0M | 4.24% | |
| 292 | PCHPotlatch Corp. | 4,643 | $236.0M | 4.15% | |
| 293 | VALEVale SA (Adr) | 18,035 | $231.0M | 4.06% | |
| 294 | KMBKimberly-Clark Corporation | 2,197 | $231.0M | 4.06% | |
| 295 | BBDBanco Bradesco S.A. | 33,501 | $230.0M | 4.04% | |
| 296 | IWDRussell 1000 Value Index - iSh | 1,897 | $230.0M | 4.04% | |
| 297 | BYDDYByd Company Limited Adr | 18,302 | $227.0M | 3.99% | |
| 298 | NVDANVIDIA Corp. | 942 | $223.0M | 3.92% | |
| 299 | WFCWells Fargo & Company | 4,000 | $222.0M | 3.90% | |
| 300 | OREUROsisko Gold Royalties Ltd | 22,598 | $214.0M | 3.76% |