CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2019 Filing
Filed July 24, 2019
Portfolio Value
$6.3B
Holdings
291
Report Date
Q2 2019
Filing Type
13F-HR
All Holdings (291 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | AQLTiShares Corporate Bond ETF 202 | 502,554 | $13.4B | 214.89% | |
| 102 | JWNUSDNordstrom Inc. | 416,213 | $13.3B | 212.17% | |
| 103 | NMFCNew Mountain Finance Corp. | 882,224 | $12.3B | 197.19% | |
| 104 | —TCP Capital Corp. | 839,079 | $12.0B | 191.30% | |
| 105 | IBDSiShares iBonds Dec 2027 Term C | 457,652 | $11.7B | 186.65% | |
| 106 | GBDCGolub Capital BDC Inc. | 647,291 | $11.5B | 184.34% | |
| 107 | TPVGTriplePoint Venture Growth BDC | 712,902 | $10.1B | 162.30% | |
| 108 | HTGCHercules Technology Growth Cap | 782,087 | $10.0B | 160.41% | |
| 109 | IJSS&P SmallCap 600 Value Index F | 67,447 | $10.0B | 160.38% | |
| 110 | —Invesco BulletShares 2024 | 460,940 | $9.8B | 156.71% | |
| 111 | MLNVanEck Vectors Long Municipal | 464,588 | $9.6B | 154.31% | |
| 112 | —Invesco BulletShares 2022 | 448,115 | $9.6B | 153.39% | |
| 113 | —Invesco BulletShares 2021 | 450,094 | $9.5B | 152.60% | |
| 114 | IJTS&P SmallCap 600 Growth Index | 52,157 | $9.5B | 152.28% | |
| 115 | —iShares Corporate ex Financial | 383,223 | $9.4B | 150.86% | |
| 116 | SLRCSolar Capital Ltd. | 450,098 | $9.2B | 147.85% | |
| 117 | BBDCBarings BDC Inc | 908,119 | $8.9B | 142.97% | |
| 118 | PDCOEURPatterson Companies Inc. | 367,689 | $8.4B | 134.71% | |
| 119 | IGIBiShares Intermediate Term Corp | 139,851 | $8.0B | 127.43% | |
| 120 | IIIVI3 Verticals Inc | 262,046 | $7.7B | 123.47% | |
| 121 | JBTJohn Bean Technologies Corp. | 59,947 | $7.3B | 116.17% | |
| 122 | GSKGlaxoSmithKline Plc (Adr 1:2) | 177,603 | $7.1B | 113.72% | |
| 123 | TFISPDR Nuveen Barclays Capital M | 137,342 | $6.9B | 110.17% | |
| 124 | —iShares iBonds Dec 2022 AMT-Fr | 257,827 | $6.7B | 107.74% | |
| 125 | —iShares iBonds Dec 2021 AMT-Fr | 260,345 | $6.7B | 107.39% | |
| 126 | RBCRBC Bearings Incorporated | 40,169 | $6.7B | 107.21% | |
| 127 | OFSOFS Capital Corp. | 556,273 | $6.7B | 106.80% | |
| 128 | NWNNorthwest Natural Holding Co | 93,512 | $6.5B | 103.98% | |
| 129 | SCMStellus Capital Investment | 468,110 | $6.5B | 103.58% | |
| 130 | THRThermon Group Holdings Inc. | 250,784 | $6.4B | 102.91% | |
| 131 | TSLXUSDTPG Specialty Lending, Inc. | 326,475 | $6.4B | 102.38% | |
| 132 | HTOSJW Group | 104,435 | $6.3B | 101.53% | |
| 133 | NLYEURAnnaly Capital Management Inc. | 687,397 | $6.3B | 100.41% | |
| 134 | —MTS Systems Corp. | 105,766 | $6.2B | 99.05% | |
| 135 | GOODGladstone Commercial Corp. | 287,782 | $6.1B | 97.69% | |
| 136 | GTESGates Industrial | 514,219 | $5.9B | 93.87% | |
| 137 | ALNTAllied Motion Technologies Inc | 154,297 | $5.8B | 93.56% | |
| 138 | PNNTPennantPark Investment Corp. | 911,169 | $5.8B | 92.12% | |
| 139 | RCOResources Connection Inc | 357,157 | $5.7B | 91.48% | |
| 140 | MFICApollo Investment Corp. | 360,441 | $5.7B | 91.12% | |
| 141 | KAIKadant Inc | 61,308 | $5.6B | 89.08% | |
| 142 | —Raven Industries Inc. | 155,155 | $5.6B | 89.07% | |
| 143 | IAUUSDiShares Gold Trust | 410,991 | $5.5B | 88.76% | |
| 144 | TWOTwo Harbors Investment Corp. | 436,333 | $5.5B | 88.46% | |
| 145 | FWRDUSDForward Air Corp. | 90,721 | $5.4B | 85.85% | |
| 146 | BMRCBank of Marin (CA) | 127,581 | $5.2B | 83.74% | |
| 147 | —Cambrex Corp | 110,952 | $5.2B | 83.10% | |
| 148 | —Neenah Paper Inc | 75,128 | $5.1B | 81.18% | |
| 149 | VREXVarex Imaging Corp | 163,972 | $5.0B | 80.41% | |
| 150 | AVNSAvanos Medical Inc. | 114,633 | $5.0B | 79.98% | |
| 151 | VBTXVeritex Holdings | 191,828 | $5.0B | 79.64% | |
| 152 | SPYS&P 500 - SPDR | 16,748 | $4.9B | 78.51% | |
| 153 | —Monotype Imaging Holdings Inc. | 287,528 | $4.8B | 77.47% | |
| 154 | MOVMovado Group Inc. | 173,743 | $4.7B | 75.05% | |
| 155 | —iShares iBonds Sep 2020 Amt Fr | 179,667 | $4.6B | 73.44% | |
| 156 | GSBDGoldman Sachs BDC Inc. | 231,036 | $4.5B | 72.72% | |
| 157 | PAHCPhibro Animal Health Corp Clas | 142,575 | $4.5B | 72.48% | |
| 158 | RMAXRE/MAX Holdings Inc. | 142,324 | $4.4B | 70.03% | |
| 159 | IPHSEURInnophos Holdings Inc | 150,168 | $4.4B | 69.93% | |
| 160 | XLKTechnology Select Sector SPDR | 52,795 | $4.1B | 65.92% | |
| 161 | —Natus Medical Inc. | 158,446 | $4.1B | 65.12% | |
| 162 | IGLBiShares Long-Term Corporate Bo | 56,863 | $3.6B | 58.00% | |
| 163 | IAUiShares iBonds Dec 2025 Term M | 130,811 | $3.5B | 56.32% | |
| 164 | AQLTiShares iBonds Dec 2024 Term M | 133,564 | $3.5B | 56.11% | |
| 165 | AQLTiShares Muni Bond 2023 | 135,874 | $3.5B | 55.92% | |
| 166 | MAINMain Street Capital Corp. | 78,223 | $3.2B | 51.45% | |
| 167 | USCRUS Concrete Inc | 63,870 | $3.2B | 50.78% | |
| 168 | XLIIndustrial Select Sector - SPD | 36,424 | $2.8B | 45.12% | |
| 169 | MUBiShares National AMT-Free Muni | 24,373 | $2.8B | 44.09% | |
| 170 | XLBMaterials Select Sector - SPDR | 42,460 | $2.5B | 39.74% | |
| 171 | CSWCCapital Southwest Corp. | 115,715 | $2.4B | 38.78% | |
| 172 | ICLRIcon PLC | 15,707 | $2.4B | 38.69% | |
| 173 | PTBPotbelly Corp. | 453,659 | $2.3B | 36.94% | |
| 174 | LVMUYLVMH Moet Hennessy Louis Vuitt | 24,817 | $2.1B | 33.79% | |
| 175 | PFLTPennantPark Floating Rate Capi | 173,293 | $2.0B | 32.05% | |
| 176 | ALCAlcon ORD SHS | 32,186 | $2.0B | 31.95% | |
| 177 | GOOGLAlphabet Inc. - Class A | 1,829 | $2.0B | 31.68% | |
| 178 | WCNWaste Connections, INC. | 20,395 | $1.9B | 31.18% | |
| 179 | —CM Finance Inc. | 246,474 | $1.9B | 30.01% | |
| 180 | IUSViShares Core US Values - ETF | 32,167 | $1.8B | 29.15% | |
| 181 | CYBRCyberark Software Ltd | 13,905 | $1.8B | 28.45% | |
| 182 | IBDQiShares iBonds Dec 2025 Term C | 67,724 | $1.7B | 27.74% | |
| 183 | FSC1EUROaktree Specialty Lending Corp | 318,438 | $1.7B | 27.61% | |
| 184 | BABAAlibaba Group Holding Ltd | 9,794 | $1.7B | 26.56% | |
| 185 | NATHNathan's Famous Inc | 20,913 | $1.6B | 26.14% | |
| 186 | BRK-BBerkshire Hathaway Inc. - Clas | 5 | $1.6B | 25.47% | |
| 187 | RIORio Tinto PLC | 25,296 | $1.6B | 25.23% | |
| 188 | DSDVYDSV A/S-Unsponsored ADR | 31,768 | $1.6B | 24.93% | |
| 189 | SHOPShopify Inc | 4,873 | $1.5B | 23.41% | |
| 190 | AAGIYAIA Group Lrd | 33,727 | $1.5B | 23.28% | |
| 191 | —Alcentra Capital Corporation | 172,787 | $1.4B | 23.17% | |
| 192 | ESLTElbit Systems Ltd | 9,208 | $1.4B | 22.03% | |
| 193 | RDS/ARoyal Dutch Shell PLC - Cl A | 20,352 | $1.3B | 21.18% | |
| 194 | IAUiShares iBonds Dec 2023 Term C | 47,858 | $1.2B | 19.46% | |
| 195 | —DBS GROUP HOLDINGS-SPON ADR | 15,761 | $1.2B | 19.36% | |
| 196 | SAPSAP AG - ADS | 8,759 | $1.2B | 19.17% | |
| 197 | SONYSony Corp. ADS | 22,814 | $1.2B | 19.12% | |
| 198 | BPBP PLC (Adr 1:6) | 28,490 | $1.2B | 19.01% | |
| 199 | ECEcopetrol SA | 64,045 | $1.2B | 18.74% | |
| 200 | APTVAPTIV PLC | 13,998 | $1.1B | 18.10% |