CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2023 Filing

Filed July 3, 2023

Portfolio Value

$6.9B

Holdings

298

Report Date

Q2 2023

Filing Type

13F-HR

All Holdings (298 positions)

StockValue
WCNWaste Connections Inc.
$871K
WTWWillis Towers Watson plc
$845K
SONYSony Group Corp.
$767K
TRINTrinity Capital Inc.
$754K
SHMSPDR Nuveen Barclays Capital S
$747K
FFC0Oaktree Specialty Lending Corp
$720K
HLNHaleon plc
$718K
MUBiShares National Muni Bond ETF
$718K
DBS Group Holdings Ltd.
$714K
IWDiShares Russell 1000 Value ETF
$714K
CCOCameco Corp.
$694K
INGING Groep N.V.
$686K
IAU*iShares Gold Trust ETF
$681K
TTENTotalEnergies S.E.
$681K
BNPQYBNP Paribas S.A.
$661K
CNHCNH Industrial N.V.
$659K
SAPSAP S.E.
$650K
SMCAYSMC Corp.
$635K
UOVEYUnited Overseas Bank Ltd.
$624K
LZAGYLonza Group
$619K
WOPWoodside Energy Group Ltd.
$610K
BACBank of America Corp.
$600K
APTVAptiv plc
$599K
SHOPShopify Inc.
$588K
NTDOYNintendo Co. Ltd.
$579K
WPMWheaton Precious Metals Corp.
$575K
MITSYMITSUI & CO LTD-SPONS ADR
$572K
PFXPhenixFIN Corp.
$552K
CAECAE Inc.
$546K
EXEChesapeake Energy Corp.
$535K
SCCOSouthern Copper Corp.
$517K
COPConocoPhillips
$516K
XOMExxon Mobil Corp.
$511K
SWN1EURSouthwestern Energy Co.
$511K
KMTUYKomatsu Ltd.
$509K
VISTVista Energy S.A.B. de C.V.
$483K
RHHBYRoche Holding A.G.
$472K
RGLDRoyal Gold Inc.
$466K
CTRACoterra Energy Inc.
$459K
FANGDiamondback Energy Inc.
$458K
FCXFreeport-McMoRan Inc.
$458K
HESHess Corp.
$441K
PXDEURPioneer Natural Resources Co.
$433K
VLRSControladora Vuela Cia de Avia
$427K
SEASeabridge Gold Inc.
$419K
AXPAmerican Express Co.
$418K
Antofagasta PLC ADR
$405K
BHPBHP Billiton Ltd.
$402K
GLNCYGlencore plc
$401K
NVDANVIDIA Corp.
$400K
MTRNMaterion Corp.
$395K
ABXBarrick Gold Corp.
$392K
NEMNewmont Mining Corp.
$387K
FMXFomento Economico Mexicano S.A
$381K
ARAntero Resources Corp.
$376K
GOOGLAlphabet Inc.
$360K
LZRFYLocaliza Rent a Car S.A.
$351K
MOSMosaic Co.
$341K
SQMSociedad Quimica y Minera de C
$320K
Manatuck Hill Mariner Offshore
$320K
MLB1MercadoLibre Inc.
$319K
GFIGold Fields Ltd.
$312K
AQLTiShares iBonds Dec 2023 Term M
$309K
BSMYInvesco BulletShares 2031 Muni
$309K
BSMUInvesco BulletShares 2030 Muni
$308K
AQLTiShares iBonds Dec 2024 Term M
$307K
IBMQiShares iBonds Dec 2028 Term M
$307K
BSMTInvesco BulletShares 2029 Muni
$307K
DMLDenison Mines Corp.
$305K
AAAlcoa Corp.
$301K
MMYTMakeMyTrip Ltd.
$297K
ICICI Bank Ltd.
$282K
U6ZUranium Energy Corp.
$275K
IUSViShares Core S&P US Value ETF
$272K
HDBHDFC Bank Ltd.
$272K
RDYDr Reddy's Laboratories Ltd.
$270K
ZTOZTO Express Cayman Inc.
$269K
YUMCYum China Holdings Inc.
$261K
XNGSYENN Energy Holdings Ltd.
$260K
GBOOYGrupo Financiero Banorte S.A.B
$260K
AAPLApple Inc.
$258K
TCEHYTencent Holdings Ltd.
$256K
WNSNWNS Holdings Ltd.
$254K
GQ9SPDR Gold Shares ETF
$243K
AAGIYAIA Group Ltd.
$225K
PTAIYPT Astra International Tbk
$224K
KBKB Financial Group Inc.
$222K
HTHTH World Group Ltd.
$219K
UI2Kemper Corp.
$216K
C1B2Cia Brasileira de Distribuicao
$213K
CWCurtiss-Wright Corp.
$213K
BIDUNBaidu Inc.
$212K
VALEVale S.A.
$202K
INFYInfosys Ltd.
$197K
ASAIYSendas Distribuidora S.A.
$175K
ECEcopetrol S.A.
$169K
WXXWYWuxi Biologics Cayman Inc.
$169K
PNGAYPing An Insurance Group Co. of
$143K
YJ3AJBS S.A.
$116K
PAGSPagseguro Digital Ltd.
$96K
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