CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2019 Filing
Filed October 15, 2019
Portfolio Value
$6.4B
Holdings
286
Report Date
Q3 2019
Filing Type
13F-HR
All Holdings (286 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | IBDTiShares iBonds Dec 2028 Term C | 509,786 | $14.1B | 220.57% | |
| 102 | AQLTiShares Corporate Bond ETF 202 | 517,017 | $13.9B | 216.48% | |
| 103 | GBDCGolub Capital BDC Inc. | 650,876 | $12.3B | 191.18% | |
| 104 | IBDSiShares iBonds Dec 2027 Term C | 466,204 | $12.1B | 188.40% | |
| 105 | NMFCNew Mountain Finance Corp. | 860,135 | $11.7B | 182.77% | |
| 106 | CTVACorteva Inc | 394,329 | $11.0B | 172.14% | |
| 107 | —TCP Capital Corp. | 803,345 | $10.9B | 169.77% | |
| 108 | HTGCHercules Technology Growth Cap | 780,835 | $10.4B | 162.76% | |
| 109 | —Invesco BulletShares 2024 | 472,528 | $10.1B | 157.88% | |
| 110 | SLBSchlumberger Ltd. | 293,674 | $10.0B | 156.46% | |
| 111 | —Invesco BulletShares 2022 | 461,312 | $9.9B | 154.57% | |
| 112 | —Invesco BulletShares 2021 | 463,957 | $9.9B | 153.79% | |
| 113 | SLRCSolar Capital Ltd. | 461,665 | $9.5B | 148.63% | |
| 114 | BBDCBarings BDC Inc | 919,322 | $9.3B | 145.48% | |
| 115 | TPVGTriplePoint Venture Growth BDC | 550,053 | $9.1B | 141.26% | |
| 116 | IGIBiShares Intermediate Term Corp | 148,162 | $8.6B | 133.80% | |
| 117 | GSKGlaxoSmithKline Plc (Adr 1:2) | 166,732 | $7.1B | 110.95% | |
| 118 | TSLXUSDTPG Specialty Lending, Inc. | 336,361 | $7.1B | 110.03% | |
| 119 | HTOSJW Group | 101,781 | $7.0B | 108.36% | |
| 120 | PDCOEURPatterson Companies Inc. | 373,621 | $6.7B | 103.81% | |
| 121 | SCMStellus Capital Investment | 480,043 | $6.5B | 102.01% | |
| 122 | NWNNorthwest Natural Holding Co | 91,424 | $6.5B | 101.69% | |
| 123 | GOODGladstone Commercial Corp. | 276,676 | $6.5B | 101.37% | |
| 124 | IJSS&P SmallCap 600 Value Index F | 42,613 | $6.4B | 99.78% | |
| 125 | MFICApollo Investment Corp. | 397,245 | $6.4B | 99.64% | |
| 126 | OFSOFS Capital Corp. | 548,321 | $6.4B | 99.25% | |
| 127 | RBCRBC Bearings Incorporated | 38,125 | $6.3B | 98.61% | |
| 128 | IJTS&P SmallCap 600 Growth Index | 34,762 | $6.2B | 96.68% | |
| 129 | NLYEURAnnaly Capital Management Inc. | 687,897 | $6.1B | 94.39% | |
| 130 | RCOResources Connection Inc | 351,127 | $6.0B | 93.02% | |
| 131 | JBTJohn Bean Technologies Corp. | 57,937 | $5.8B | 89.80% | |
| 132 | TWOTwo Harbors Investment Corp. | 436,333 | $5.7B | 89.32% | |
| 133 | PNNTPennantPark Investment Corp. | 913,707 | $5.7B | 89.32% | |
| 134 | THRThermon Group Holdings Inc. | 246,958 | $5.7B | 88.48% | |
| 135 | FWRDUSDForward Air Corp. | 88,934 | $5.7B | 88.35% | |
| 136 | —MTS Systems Corp. | 101,886 | $5.6B | 87.76% | |
| 137 | HCSGHealthcare Services Group | 228,239 | $5.5B | 86.44% | |
| 138 | GTESGates Industrial | 544,880 | $5.5B | 85.55% | |
| 139 | IAUUSDiShares Gold Trust | 386,262 | $5.4B | 84.91% | |
| 140 | ALNTAllied Motion Technologies Inc | 152,514 | $5.4B | 83.96% | |
| 141 | SPYS&P 500 - SPDR | 18,093 | $5.4B | 83.71% | |
| 142 | —Monotype Imaging Holdings Inc. | 270,739 | $5.4B | 83.62% | |
| 143 | KAIKadant Inc | 61,063 | $5.4B | 83.58% | |
| 144 | BMRCBank of Marin (CA) | 127,396 | $5.3B | 82.41% | |
| 145 | IIIVI3 Verticals Inc | 259,388 | $5.2B | 81.37% | |
| 146 | —Raven Industries Inc. | 154,842 | $5.2B | 80.79% | |
| 147 | GSBDGoldman Sachs BDC Inc. | 257,306 | $5.2B | 80.59% | |
| 148 | AVNSAvanos Medical Inc. | 135,993 | $5.1B | 79.42% | |
| 149 | IBMQiShares iBonds Dec 2028 Term M | 193,119 | $5.1B | 78.83% | |
| 150 | —Natus Medical Inc. | 156,907 | $5.0B | 77.89% | |
| 151 | —Neenah Paper Inc | 74,677 | $4.9B | 75.82% | |
| 152 | IPHSEURInnophos Holdings Inc | 149,233 | $4.8B | 75.52% | |
| 153 | VREXVarex Imaging Corp | 163,553 | $4.7B | 72.78% | |
| 154 | VBTXVeritex Holdings | 190,610 | $4.6B | 72.11% | |
| 155 | HXGBYHexagon AB | 94,782 | $4.6B | 71.33% | |
| 156 | IBMPIshares Ibonds Dec 2027 Term M | 175,509 | $4.6B | 71.17% | |
| 157 | MOVMovado Group Inc. | 176,215 | $4.4B | 68.29% | |
| 158 | XLKTechnology Select Sector SPDR | 52,002 | $4.2B | 65.30% | |
| 159 | —Cambrex Corp | 70,366 | $4.2B | 65.28% | |
| 160 | IGLBiShares Long-Term Corporate Bo | 56,118 | $3.7B | 58.30% | |
| 161 | IAUiShares iBonds Dec 2025 Term M | 133,957 | $3.6B | 56.56% | |
| 162 | AQLTiShares iBonds Dec 2024 Term M | 136,969 | $3.6B | 56.19% | |
| 163 | IBMOIshares Ibonds Dec 2026 Term M | 138,027 | $3.6B | 55.78% | |
| 164 | USCRUS Concrete Inc | 64,041 | $3.5B | 55.19% | |
| 165 | MAINMain Street Capital Corp. | 81,598 | $3.5B | 54.97% | |
| 166 | —iShares iBonds Dec 2021 AMT-Fr | 132,645 | $3.4B | 53.32% | |
| 167 | —iShares iBonds Dec 2022 AMT-Fr | 130,602 | $3.4B | 53.23% | |
| 168 | AQLTiShares Muni Bond 2023 | 132,029 | $3.4B | 53.03% | |
| 169 | PAHCPhibro Animal Health Corp Clas | 144,369 | $3.1B | 48.00% | |
| 170 | XLIIndustrial Select Sector - SPD | 36,020 | $2.8B | 43.59% | |
| 171 | CSWCCapital Southwest Corp. | 116,836 | $2.5B | 39.71% | |
| 172 | TFISPDR Nuveen Barclays Capital M | 47,927 | $2.4B | 37.87% | |
| 173 | XLBMaterials Select Sector - SPDR | 41,686 | $2.4B | 37.82% | |
| 174 | ICLRIcon PLC | 15,155 | $2.2B | 34.81% | |
| 175 | GOOGLAlphabet Inc. - Class A | 1,815 | $2.2B | 34.55% | |
| 176 | MUBiShares National AMT-Free Muni | 18,402 | $2.1B | 32.74% | |
| 177 | PFLTPennantPark Floating Rate Capi | 175,444 | $2.0B | 31.73% | |
| 178 | LVMUYLVMH Moet Hennessy Louis Vuitt | 24,134 | $1.9B | 29.92% | |
| 179 | BCSFBain Capital Specialty Finance | 99,836 | $1.9B | 29.53% | |
| 180 | WCNWaste Connections, INC. | 19,751 | $1.8B | 28.33% | |
| 181 | IBDQiShares iBonds Dec 2025 Term C | 68,274 | $1.8B | 27.55% | |
| 182 | FSC1EUROaktree Specialty Lending Corp | 320,412 | $1.7B | 25.88% | |
| 183 | ICMBInvestcorp Credit Management B | 239,904 | $1.6B | 24.88% | |
| 184 | BRK-BBerkshire Hathaway Inc. - Clas | 5 | $1.6B | 24.31% | |
| 185 | —Alcentra Capital Corporation | 172,787 | $1.5B | 23.95% | |
| 186 | AAGIYAIA Group Ltd | 39,854 | $1.5B | 23.48% | |
| 187 | PTBPotbelly Corp. | 340,544 | $1.5B | 23.15% | |
| 188 | NATHNathan's Famous Inc | 20,625 | $1.5B | 23.11% | |
| 189 | FNVFranco-Nevada Corp. | 16,107 | $1.5B | 22.89% | |
| 190 | DSDVYDSV Panalpina | 30,847 | $1.5B | 22.89% | |
| 191 | ESLTElbit Systems Ltd | 8,830 | $1.5B | 22.69% | |
| 192 | SONYSony Corp. ADS | 24,557 | $1.5B | 22.64% | |
| 193 | SHOPShopify Inc | 4,639 | $1.4B | 22.54% | |
| 194 | CYBRCyberark Software Ltd | 13,408 | $1.3B | 20.86% | |
| 195 | NMI1EURKirkland Lake Gold Ltd | 29,465 | $1.3B | 20.58% | |
| 196 | WTWWillis Towers Watson Public Lt | 6,688 | $1.3B | 20.13% | |
| 197 | RIORio Tinto PLC | 24,330 | $1.3B | 19.75% | |
| 198 | BPBP PLC (Adr 1:6) | 33,141 | $1.3B | 19.63% | |
| 199 | BABAAlibaba Group Holding Ltd | 7,390 | $1.2B | 19.27% | |
| 200 | —Solar Senior Capital Ltd. | 69,047 | $1.2B | 19.11% |