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)

StockValue
IAUiShares iBonds Dec 2023 Term C
$1.2B
RDS/ARoyal Dutch Shell PLC - Cl A
$1.2B
MCCUSDMedley Capital Corp.
$1.2B
APTVAPTIV PLC
$1.2B
VNQREIT Index - Vanguard
$1.1B
ZTOZTO Express Cayman Inc
$1.1B
DBS GROUP HOLDINGS-SPON ADR
$1.1B
ULUnilever Plc
$1.0B
CNRCanadian National Railway
$1.0B
SAPSAP AG - ADS
$996.0M
TCEHYTencent Holdings LTD
$990.0M
PAGSPagseguro Digital Ltd
$928.0M
UOVEYUnited Overseas Bank Limited
$910.0M
MLCOMelco Resorts & Entertainment
$877.0M
NTDOYNintendo Co. Ltd. ADS
$866.0M
FANUYFanuc Ltd. ADS
$863.0M
SMFGSumitomo Mitsui-Spons ADR
$831.0M
ECEcopetrol SA
$805.0M
Capstead Mortgage Corp.
$797.0M
TSMTaiwan Semiconductor Manufactu
$771.0M
KCAPUSDPortman Ridge Finance Corp
$766.0M
MUFGMitsubishi UFJ Financial
$743.0M
MINTPimco Enhanced Short Maturity
$742.0M
BROBrown & Brown Inc.
$710.0M
EQNREquinor ASA
$709.0M
FMSFresenius Medical Care AG & Co
$689.0M
FSPFranklin Street Properties Cor
$677.0M
KMTUYKOMATSU LTD
$673.0M
VVisa, Inc. - A
$672.0M
SNNSmith & Nephew (Adr 1:5)
$614.0M
LZRFYLocaliza Rent a Car SA
$546.0M
JPMJP Morgan Chase & Company
$540.0M
SSDOYShiseido Co Ltd
$522.0M
JAZZJazz Pharmaceuticals Plc
$516.0M
GBILGoldman Sachs Treasury Access
$500.0M
IVVS&P 500 Index Fund - iShares
$497.0M
PYPLPayPal Holdings, Inc.
$486.0M
AAPLApple Inc.
$431.0M
COSTCostco Wholesale Corporation
$423.0M
HDBHDFC Bank Ltd
$397.0M
TTENTotal SA - ADR
$396.0M
HTHTHuazhu Group Ltd.
$388.0M
HONHoneywell International, Inc.
$372.0M
Manatuck Hill Mariner Offshore
$372.0M
BACBank of America Corp.
$368.0M
CEOCNOOC Ltd.
$361.0M
MLB1MERCADOLIBRE INC
$361.0M
WMMVYWalmart De-Mexico-Spon ADR V
$359.0M
NBISYandex NV
$358.0M
UI2Kemper Corp.
$348.0M
ITUBItau Unibanco Holding S/A ADS
$347.0M
AMZNAmazon.com, Inc.
$335.0M
NATHNathan's Famous Inc
$335.0M
BAPCREDICORP LTD
$321.0M
BBDBanco Bradesco S.A.
$320.0M
XNGSYENN Energy Holdings Ltd
$309.0M
NVDANVIDIA Corp.
$305.0M
BLKCHFBlackRock, Inc.
$301.0M
EOGEOG Resources
$298.0M
RGLDRoyal Gold, Inc.
$294.0M
WNSNWNS Holdings Ltd
$286.0M
IJRS&P SmallCap 600 Index Fund -
$274.0M
FMXFOMENTO ECONOMICO MEXICANO, S.
$273.0M
LRCXEURLam Research Corporation
$273.0M
ADPAutomatic Data Processing, Inc
$271.0M
PBRPetrobras Petroleo Brasileiro
$271.0M
LLYEli Lilly & Co.
$268.0M
Cia Brasileira de Distribuicao
$258.0M
GQ9Gold Shares - SPDR
$256.0M
FLOTiShares Floating Rate Note Fun
$242.0M
MMC Norilsk Nickel
$239.0M
DWDMorgan Stanley
$238.0M
CHLUSDChina Mobile Limited
$236.0M
KBKB Financial Group Inc
$235.0M
GBOOYGrupo Financiero ADR
$225.0M
TMETencent Music Entertainment Gr
$221.0M
LBNDXLord Abbett Bond-Debenture-A
$212.0M
CSXCSX Corp.
$208.0M
WFCWells Fargo & Company
$202.0M
BYDDYByd Company Limited Adr
$187.0M
PAASPan American Silver Corp
$172.0M
Leagold Mining Corp
$172.0M
TXGTorex Gold Res Inc
$171.0M
ICICI Bank Ltd. ADS
$168.0M
AYS1Sandstorm Gold Ltd.
$156.0M
CCOCameco Corp.
$132.0M
SEASeabridge Gold Inc.
$127.0M
MQ8MAG Silver Corp
$110.0M
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