CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2020 Filing
Filed July 1, 2020
Portfolio Value
$6.0B
Holdings
291
Report Date
Q2 2020
Filing Type
13F-HR
All Holdings (291 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | TLTBarclays 20 Plus Year Treasury | 73,048 | $12.0B | 199.86% | |
| 102 | IBDSiShares iBonds Dec 2027 Term C | 401,181 | $10.8B | 180.52% | |
| 103 | —Invesco BulletShares 2024 | 489,670 | $10.8B | 180.11% | |
| 104 | HXGBYHexagon AB | 184,387 | $10.8B | 179.71% | |
| 105 | —Invesco BulletShares 2022 | 474,806 | $10.4B | 172.90% | |
| 106 | AQLTiShares iBonds Dec 2023 Term T | 381,602 | $9.8B | 164.09% | |
| 107 | DDDupont De Nemurs Inc | 183,497 | $9.7B | 162.71% | |
| 108 | IBMSiShares iBonds Dec 2029 Term T | 346,109 | $9.2B | 153.88% | |
| 109 | IBTGiShares iBonds Dec 2026 Term T | 348,495 | $9.2B | 152.88% | |
| 110 | LQDiShares iBoxx Corporate Bond E | 66,387 | $8.9B | 149.02% | |
| 111 | AQLTiShares iBonds Dec 2025 Term T | 303,083 | $7.9B | 132.43% | |
| 112 | IBTEiShares iBonds Dec 2024 Term T | 302,198 | $7.9B | 131.16% | |
| 113 | SPHQPowershares S&P 500 Quality Po | 221,844 | $7.9B | 131.10% | |
| 114 | IIIVI3 Verticals Inc | 236,247 | $7.1B | 119.26% | |
| 115 | CSCOCisco Systems, Inc. | 148,772 | $6.9B | 115.81% | |
| 116 | GTESGates Industrial | 663,451 | $6.8B | 113.82% | |
| 117 | BWINBRP Group | 389,195 | $6.7B | 112.19% | |
| 118 | —James River Group Holdings Ltd | 139,970 | $6.3B | 105.11% | |
| 119 | VNQREIT Index - Vanguard | 79,023 | $6.2B | 103.58% | |
| 120 | HTOSJW Group | 96,463 | $6.0B | 100.00% | |
| 121 | TPVGTriplePoint Venture Growth BDC | 572,787 | $5.9B | 98.27% | |
| 122 | KAIKadant Inc | 58,067 | $5.8B | 96.58% | |
| 123 | SLYGS&P 600 Small Cap Growth - SPD | 101,599 | $5.8B | 96.28% | |
| 124 | SPYS&P 500 - SPDR | 18,626 | $5.7B | 95.87% | |
| 125 | GOODGladstone Commercial Corp. | 285,892 | $5.4B | 89.47% | |
| 126 | IBMQiShares iBonds Dec 2028 Term M | 197,624 | $5.4B | 89.36% | |
| 127 | ALNTAllied Motion Technologies Inc | 145,361 | $5.1B | 85.63% | |
| 128 | RBCRBC Bearings Incorporated | 38,209 | $5.1B | 85.48% | |
| 129 | EPCEdgewell Personal Care Company | 164,126 | $5.1B | 85.35% | |
| 130 | JBTJohn Bean Technologies Corp. | 59,020 | $5.1B | 84.73% | |
| 131 | NWNNorthwest Natural Holding Co | 88,500 | $4.9B | 82.40% | |
| 132 | NMFCNew Mountain Finance Corp. | 521,945 | $4.8B | 80.93% | |
| 133 | IBMPIshares Ibonds Dec 2027 Term M | 179,640 | $4.8B | 80.41% | |
| 134 | HTGCHercules Technology Growth Cap | 449,974 | $4.7B | 78.62% | |
| 135 | SLRCSolar Capital Ltd. | 287,318 | $4.6B | 76.77% | |
| 136 | PAHCPhibro Animal Health Corp Clas | 168,236 | $4.4B | 73.75% | |
| 137 | BMRCBank of Marin (CA) | 130,927 | $4.4B | 72.83% | |
| 138 | —TCP Capital Corp. | 467,740 | $4.3B | 71.35% | |
| 139 | GBDCGolub Capital BDC Inc. | 360,596 | $4.2B | 70.10% | |
| 140 | XLYConsumer Discret Select Sector | 32,847 | $4.2B | 70.01% | |
| 141 | FWRDUSDForward Air Corp. | 83,386 | $4.2B | 69.35% | |
| 142 | RCOResources Global Professionals | 344,349 | $4.1B | 68.79% | |
| 143 | BBDCBarings BDC Inc | 517,294 | $4.1B | 68.54% | |
| 144 | —Neenah Paper Inc | 78,943 | $3.9B | 65.17% | |
| 145 | RVNUXTrackers Municipal Infr REven | 135,647 | $3.8B | 64.09% | |
| 146 | THRThermon Group Holdings Inc. | 260,075 | $3.8B | 63.24% | |
| 147 | SLYVSPDR S&P 600 Small CapValue ET | 77,057 | $3.8B | 63.17% | |
| 148 | VBTXVeritex Holdings | 213,783 | $3.8B | 63.15% | |
| 149 | IBMOIshares Ibonds Dec 2026 Term M | 141,567 | $3.8B | 63.00% | |
| 150 | IAUiShares iBonds Dec 2025 Term M | 134,819 | $3.8B | 62.72% | |
| 151 | AQLTiShares iBonds Dec 2024 Term M | 138,450 | $3.7B | 62.35% | |
| 152 | AQLTiShares Muni Bond 2023 | 137,368 | $3.6B | 60.15% | |
| 153 | —iShares iBonds Dec 2022 AMT-Fr | 135,171 | $3.6B | 59.60% | |
| 154 | MOVMovado Group Inc. | 324,539 | $3.5B | 58.71% | |
| 155 | TSLXSixth Street Specialty Lending | 211,829 | $3.5B | 58.30% | |
| 156 | XLCCommunication Services Select | 63,775 | $3.4B | 57.51% | |
| 157 | MUBiShares National AMT-Free Muni | 29,846 | $3.4B | 57.48% | |
| 158 | —Natus Medical Inc. | 152,519 | $3.3B | 55.54% | |
| 159 | MLMMartin Marietta Materials Inc. | 15,688 | $3.2B | 54.09% | |
| 160 | XLKTechnology Select Sector SPDR | 30,333 | $3.2B | 52.89% | |
| 161 | CTVACorteva Inc | 115,837 | $3.1B | 51.79% | |
| 162 | IGLBiShares Long-Term Corporate Bo | 43,293 | $3.0B | 50.60% | |
| 163 | GSBDGoldman Sachs BDC Inc. | 186,426 | $3.0B | 50.50% | |
| 164 | VREXVarex Imaging Corp | 189,771 | $2.9B | 47.98% | |
| 165 | SCMStellus Capital Investment | 392,107 | $2.9B | 47.65% | |
| 166 | PNNTPennantPark Investment Corp. | 767,167 | $2.7B | 44.93% | |
| 167 | TFISPDR Nuveen Barclays Capital M | 49,745 | $2.6B | 42.89% | |
| 168 | PRFTUSDPerficient Inc | 68,411 | $2.4B | 40.86% | |
| 169 | GOOGLAlphabet Inc. - Class A | 1,716 | $2.4B | 40.61% | |
| 170 | FAROFaro Technologies Inc | 45,085 | $2.4B | 40.34% | |
| 171 | ICLRIcon PLC | 12,672 | $2.1B | 35.63% | |
| 172 | FNVFranco-Nevada Corp. | 15,036 | $2.1B | 35.05% | |
| 173 | OFSOFS Capital Corp. | 457,950 | $2.1B | 34.55% | |
| 174 | SHOPShopify Inc | 2,119 | $2.0B | 33.56% | |
| 175 | BABAAlibaba Group Holding Ltd | 8,890 | $1.9B | 32.01% | |
| 176 | ZTOZTO Express Cayman Inc | 51,581 | $1.9B | 31.61% | |
| 177 | LVMUYLVMH Moet Hennessy Louis Vuitt | 21,076 | $1.8B | 30.86% | |
| 178 | JJSFJ & J Snack Foods Corp | 13,407 | $1.7B | 28.44% | |
| 179 | TWOTwo Harbors Investment Corp. | 334,949 | $1.7B | 28.17% | |
| 180 | GSKGlaxoSmithKline Plc (Adr 1:2) | 40,550 | $1.7B | 27.60% | |
| 181 | TCEHYTencent Holdings LTD | 25,541 | $1.6B | 27.42% | |
| 182 | BKCCUSDBlackRock Kelso Capital Corp. | 608,265 | $1.6B | 27.10% | |
| 183 | MAINMain Street Capital Corp. | 51,643 | $1.6B | 26.84% | |
| 184 | SONYSony Corp. ADS | 23,144 | $1.6B | 26.70% | |
| 185 | TSMTaiwan Semiconductor Manufactu | 27,086 | $1.5B | 25.67% | |
| 186 | IEMGiShares Core MSCI Emerging Mar | 30,782 | $1.5B | 24.45% | |
| 187 | NVONovo Nordisk A/S ADS | 22,071 | $1.4B | 24.12% | |
| 188 | DSDVYDSV Panalpina | 23,243 | $1.4B | 23.67% | |
| 189 | AAGIYAIA Group Ltd | 37,037 | $1.4B | 23.07% | |
| 190 | WCNWaste Connections, INC. | 14,653 | $1.4B | 22.93% | |
| 191 | BRK-BBerkshire Hathaway Inc. - Clas | 5 | $1.3B | 22.30% | |
| 192 | IAUiShares iBonds Dec 2022 Term C | 50,606 | $1.3B | 21.70% | |
| 193 | IBTHiShares iBonds Dec 2027 Term T | 47,203 | $1.2B | 20.80% | |
| 194 | LRLCYL'Oreal SA | 19,374 | $1.2B | 20.75% | |
| 195 | —iShares iBonds Dec 2021 Term C | 48,994 | $1.2B | 20.56% | |
| 196 | NMI1EURKirkland Lake Gold Ltd | 29,731 | $1.2B | 20.46% | |
| 197 | CYBRCyberark Software Ltd | 12,344 | $1.2B | 20.44% | |
| 198 | RIORio Tinto PLC | 21,720 | $1.2B | 20.36% | |
| 199 | IBTIiShares iBonds Dec 2028 Term T | 45,564 | $1.2B | 20.23% | |
| 200 | HYGHigh Yield Corporate Bond Fund | 14,697 | $1.2B | 20.03% |