CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2022 Filing
Filed July 12, 2022
Portfolio Value
$6.4B
Holdings
310
Report Date
Q2 2022
Filing Type
13F-HR
All Holdings (310 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 201 | NLYEURAnnaly Capital Management Inco | 167,597 | $990.0M | 15.43% | |
| 202 | LVMUYLVMH Moet Hennessy - Louis Vui | 7,846 | $959.0M | 14.95% | |
| 203 | BROBrown & Brown Incorporated | 16,043 | $936.0M | 14.59% | |
| 204 | WMMVYWal-Mart de Mexico SAB de CV | 26,523 | $910.0M | 14.18% | |
| 205 | SHELShell PLC | 16,472 | $861.0M | 13.42% | |
| 206 | CYBRCyberark Software Limited | 6,536 | $836.0M | 13.03% | |
| 207 | LRLCYL'Oreal SA | 12,075 | $834.0M | 13.00% | |
| 208 | WCNWaste Connections Incorporated | 6,712 | $832.0M | 12.97% | |
| 209 | AEMAgnico Eagle Mines Limited | 18,156 | $831.0M | 12.95% | |
| 210 | ZURVYZurich Insurance Group | 18,700 | $814.0M | 12.69% | |
| 211 | SONYSony Group Corporation | 9,755 | $798.0M | 12.44% | |
| 212 | IWDiShares Russell 1000 Value ETF | 5,503 | $798.0M | 12.44% | |
| 213 | CTVACorteva Incorporated | 14,389 | $779.0M | 12.14% | |
| 214 | CCAPCrescent Capital BDC Incorpora | 49,552 | $768.0M | 11.97% | |
| 215 | —DBS Group Holdings ADR | 8,696 | $743.0M | 11.58% | |
| 216 | WTWWillis Towers Watson Public Li | 3,601 | $711.0M | 11.08% | |
| 217 | DSDVYDSV Panalpina | 10,000 | $703.0M | 10.96% | |
| 218 | SHMSPDR Nuveen Barclays Capital S | 14,849 | $702.0M | 10.94% | |
| 219 | LZAGYLonza Group Limited | 12,228 | $653.0M | 10.18% | |
| 220 | WOPWoodside Energy Group Ltd | 29,190 | $629.0M | 9.80% | |
| 221 | PKXPosco ADR | 13,929 | $620.0M | 9.66% | |
| 222 | TTENTotalEnergies SE | 11,729 | $617.0M | 9.62% | |
| 223 | FSC1EUROaktree Specialty Lending Corp | 91,258 | $598.0M | 9.32% | |
| 224 | CAECAE Incorporated | 23,956 | $590.0M | 9.19% | |
| 225 | BNPQYBNP Paribas | 23,677 | $568.0M | 8.85% | |
| 226 | NTDOYNintendo Company Limited | 10,137 | $546.0M | 8.51% | |
| 227 | UOVEYUnited Overseas Bank Limited | 14,466 | $546.0M | 8.51% | |
| 228 | ZROZPIMCO 20 Plus Year Zero Coupon | 5,000 | $542.0M | 8.45% | |
| 229 | CNHCNH Industrial NV | 45,266 | $525.0M | 8.18% | |
| 230 | PFXPhenixFin Corporation | 14,551 | $525.0M | 8.18% | |
| 231 | XOMExxon Mobil Corporation | 6,072 | $520.0M | 8.10% | |
| 232 | APTVAptiv PLC | 5,820 | $518.0M | 8.07% | |
| 233 | RHHBYRoche Holding AG | 12,314 | $514.0M | 8.01% | |
| 234 | SMCAYSMC Corporation | 22,640 | $502.0M | 7.82% | |
| 235 | CLRUSDContinental Resources Incorpor | 7,659 | $501.0M | 7.81% | |
| 236 | INGING Groep NV | 50,139 | $497.0M | 7.75% | |
| 237 | EEni SpA | 20,274 | $483.0M | 7.53% | |
| 238 | GLNCYGlencore Xstrata PLC | 43,948 | $475.0M | 7.40% | |
| 239 | EXEChesapeake Energy Corporation | 5,576 | $452.0M | 7.04% | |
| 240 | MOSThe Mosaic Company | 9,379 | $443.0M | 6.90% | |
| 241 | CTRACoterra Energy Incorporated | 17,084 | $441.0M | 6.87% | |
| 242 | PXDEURPioneer Natural Resources Comp | 1,962 | $438.0M | 6.83% | |
| 243 | COPConocoPhillips | 4,827 | $434.0M | 6.76% | |
| 244 | EOGEOG Resources | 3,880 | $429.0M | 6.69% | |
| 245 | CCOCameco Corporation | 20,428 | $429.0M | 6.69% | |
| 246 | SAPSAP SE | 4,647 | $422.0M | 6.58% | |
| 247 | —iShares iBonds Dec 2022 Term M | 16,182 | $419.0M | 6.53% | |
| 248 | ITMVanEck Vectors AMT-Free Interm | 8,864 | $405.0M | 6.31% | |
| 249 | KMTUYKomatsu Limited | 18,154 | $401.0M | 6.25% | |
| 250 | RGLDRoyal Gold Incorporated | 3,741 | $399.0M | 6.22% | |
| 251 | TECK/BTeck Resources Limited | 13,021 | $398.0M | 6.20% | |
| 252 | FANGDiamondback Energy Incorporate | 3,269 | $396.0M | 6.17% | |
| 253 | —Manatuck Hill Mariner Offshore | 2,013 | $393.0M | 6.12% | |
| 254 | IWNiShares Russell 2000 Value ETF | 2,873 | $391.0M | 6.09% | |
| 255 | XNGSYENN Energy Holdings Limited | 5,574 | $368.0M | 5.74% | |
| 256 | WXXWYWuxi Biologics Cayman Incorpor | 19,947 | $364.0M | 5.67% | |
| 257 | COSTCostco Wholesale Corporation | 759 | $364.0M | 5.67% | |
| 258 | U-USprott Physical Uranium Trust | 33,531 | $361.0M | 5.63% | |
| 259 | ABXBarrick Gold Corporation | 19,839 | $351.0M | 5.47% | |
| 260 | AAAlcoa Corporation | 7,648 | $349.0M | 5.44% | |
| 261 | GOOGLAlphabet Incorporated - A | 157 | $342.0M | 5.33% | |
| 262 | FQVLFFirst Quantum Minerals Limited | 17,834 | $339.0M | 5.28% | |
| 263 | GSMFerroglobe PLC | 56,335 | $335.0M | 5.22% | |
| 264 | AXPAmerican Express Company | 2,400 | $333.0M | 5.19% | |
| 265 | MTRNMaterion Corporation | 4,415 | $326.0M | 5.08% | |
| 266 | HTHTHuazhu Group Limited | 8,553 | $326.0M | 5.08% | |
| 267 | SCCOSouthern Copper Corporation | 6,505 | $324.0M | 5.05% | |
| 268 | LYSDYLynas Corporation Limited | 53,860 | $323.0M | 5.03% | |
| 269 | ZTOZTO Express Cayman Incorporate | 11,538 | $317.0M | 4.94% | |
| 270 | SQMSociedad Quimica y Minera de C | 3,719 | $311.0M | 4.85% | |
| 271 | ALBAlbemarle Corporation | 1,467 | $307.0M | 4.78% | |
| 272 | FCXFreeport-McMoRan Copper & Gold | 10,029 | $293.0M | 4.57% | |
| 273 | NATHNathan's Famous Incorporated | 4,959 | $290.0M | 4.52% | |
| 274 | SEASeabridge Gold Incorporated | 23,094 | $287.0M | 4.47% | |
| 275 | VVisa Incorporated | 1,448 | $285.0M | 4.44% | |
| 276 | ZNHUSDChina Southern Airlines Compan | 9,839 | $285.0M | 4.44% | |
| 277 | NVDANVIDIA Corporation | 1,875 | $284.0M | 4.43% | |
| 278 | GBOOYGrupo Financiero ADR | 10,155 | $283.0M | 4.41% | |
| 279 | TCEHYTencent Holdings Limited | 6,184 | $281.0M | 4.38% | |
| 280 | HDBHDFC Bank Limited | 5,058 | $278.0M | 4.33% | |
| 281 | WNSNWNS Holdings Limited | 3,696 | $276.0M | 4.30% | |
| 282 | EMBCEmbecta Corporation | 10,891 | $276.0M | 4.30% | |
| 283 | CLFCliffs Natural Resources Incor | 17,868 | $275.0M | 4.29% | |
| 284 | SHOPShopify Incorporated | 8,580 | $268.0M | 4.18% | |
| 285 | MMYTMakemytrip Limited | 10,416 | $267.0M | 4.16% | |
| 286 | IVNIvanhoe Mines Limited | 46,325 | $265.0M | 4.13% | |
| 287 | —ICICI Bank Limited ADS | 14,732 | $261.0M | 4.07% | |
| 288 | AAGIYAIA Group Limited | 5,878 | $258.0M | 4.02% | |
| 289 | CFCF Industries Holdings Incorpo | 2,929 | $251.0M | 3.91% | |
| 290 | VALEVale SA ADR | 16,657 | $244.0M | 3.80% | |
| 291 | YUMCYum China Holdings Incorporate | 5,025 | $244.0M | 3.80% | |
| 292 | LZRFYLocaliza Rent a Car SA | 25,943 | $243.0M | 3.79% | |
| 293 | FLOTiShares Floating Rate Bond ETF | 4,755 | $237.0M | 3.69% | |
| 294 | KBKB Financial Group Incorporate | 6,337 | $236.0M | 3.68% | |
| 295 | FMXFomento Economico Mexicano SAB | 3,487 | $235.0M | 3.66% | |
| 296 | MINTPIMCO Enhanced Short Maturity | 2,375 | $235.0M | 3.66% | |
| 297 | RDYDr Reddy's Laboratories Limite | 4,232 | $234.0M | 3.65% | |
| 298 | BABAAlibaba Group Holding Limited | 2,044 | $232.0M | 3.62% | |
| 299 | GQ9SPDR Gold Shares ETF | 1,365 | $230.0M | 3.58% | |
| 300 | BIDUNBaidu Incorporated ADS | 1,546 | $230.0M | 3.58% |