CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2020 Filing
Filed October 19, 2020
Portfolio Value
$6.2B
Holdings
293
Report Date
Q3 2020
Filing Type
13F-HR
All Holdings (293 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | HXGBYHexagon AB | 180,640 | $13.6B | 221.73% | |
| 102 | IBDTiShares iBonds Dec 2028 Term C | 458,148 | $13.3B | 216.71% | |
| 103 | HCSGHealthcare Services Group | 553,667 | $11.9B | 193.82% | |
| 104 | IBDSiShares iBonds Dec 2027 Term C | 408,600 | $11.1B | 180.30% | |
| 105 | —Invesco BulletShares 2024 | 499,375 | $11.1B | 180.09% | |
| 106 | AQLTiShares iBonds Dec 2023 Term T | 395,060 | $10.2B | 165.38% | |
| 107 | DDDupont De Nemurs Inc | 179,080 | $9.9B | 161.54% | |
| 108 | IBMSiShares iBonds Dec 2029 Term T | 356,995 | $9.5B | 154.63% | |
| 109 | IBTGiShares iBonds Dec 2026 Term T | 359,815 | $9.5B | 154.04% | |
| 110 | IBDUiShares iBonds December 2029 T | 323,945 | $8.8B | 142.45% | |
| 111 | TLTBarclays 20 Plus Year Treasury | 51,766 | $8.5B | 137.41% | |
| 112 | AQLTiShares iBonds Dec 2025 Term T | 312,691 | $8.2B | 133.15% | |
| 113 | IBTEiShares iBonds Dec 2024 Term T | 312,057 | $8.1B | 131.92% | |
| 114 | GTESGates Industrial | 666,678 | $7.4B | 120.53% | |
| 115 | BWINBRP Group | 291,067 | $7.3B | 117.90% | |
| 116 | SLYGS&P 600 Small Cap Growth - SPD | 113,618 | $6.7B | 109.05% | |
| 117 | SLYVSPDR S&P 600 Small CapValue ET | 132,535 | $6.6B | 107.95% | |
| 118 | VNQREIT Index - Vanguard | 80,237 | $6.3B | 103.02% | |
| 119 | KAIKadant Inc | 56,100 | $6.2B | 100.00% | |
| 120 | —James River Group Holdings Ltd | 135,201 | $6.0B | 97.88% | |
| 121 | ALNTAllied Motion Technologies Inc | 141,564 | $5.8B | 95.01% | |
| 122 | IIIVI3 Verticals Inc | 227,173 | $5.7B | 93.27% | |
| 123 | HTOSJW Group | 94,003 | $5.7B | 93.02% | |
| 124 | IBMQiShares iBonds Dec 2028 Term M | 202,470 | $5.5B | 89.85% | |
| 125 | JBTJohn Bean Technologies Corp. | 57,783 | $5.3B | 86.34% | |
| 126 | HTGCHercules Technology Growth Cap | 450,219 | $5.2B | 84.70% | |
| 127 | SPYS&P 500 - SPDR | 15,526 | $5.2B | 84.55% | |
| 128 | FAROFaro Technologies Inc | 81,906 | $5.0B | 81.22% | |
| 129 | NMFCNew Mountain Finance Corp. | 522,183 | $5.0B | 81.18% | |
| 130 | GBDCGolub Capital BDC Inc. | 360,783 | $4.8B | 77.67% | |
| 131 | RBCRBC Bearings Incorporated | 38,972 | $4.7B | 76.79% | |
| 132 | IBMPIshares Ibonds Dec 2027 Term M | 173,627 | $4.7B | 76.42% | |
| 133 | GOODGladstone Commercial Corp. | 278,865 | $4.7B | 76.40% | |
| 134 | LQDiShares iBoxx Corporate Bond E | 34,360 | $4.6B | 75.27% | |
| 135 | —TCP Capital Corp. | 468,091 | $4.6B | 74.66% | |
| 136 | SLRCSolar Capital Ltd. | 287,439 | $4.6B | 74.08% | |
| 137 | FWRDUSDForward Air Corp. | 78,976 | $4.5B | 73.69% | |
| 138 | EPCEdgewell Personal Care Company | 161,957 | $4.5B | 73.41% | |
| 139 | XLCCommunication Services Select | 72,696 | $4.3B | 70.21% | |
| 140 | BBDCBarings BDC Inc | 524,850 | $4.2B | 68.27% | |
| 141 | TSLXSixth Street Specialty Lending | 240,394 | $4.1B | 67.28% | |
| 142 | XLYConsumer Discret Select Sector | 27,949 | $4.1B | 66.79% | |
| 143 | NWNNorthwest Natural Holding Co | 87,138 | $4.0B | 64.31% | |
| 144 | IBMOIshares Ibonds Dec 2026 Term M | 145,067 | $3.9B | 63.49% | |
| 145 | RCOResources Global Professionals | 337,274 | $3.9B | 63.33% | |
| 146 | XLKTechnology Select Sector SPDR | 33,211 | $3.9B | 63.02% | |
| 147 | AQLTiShares iBonds Dec 2024 Term M | 142,988 | $3.9B | 62.99% | |
| 148 | BMRCBank of Marin (CA) | 130,831 | $3.8B | 61.61% | |
| 149 | SLVSilver Trust - iShares | 169,788 | $3.7B | 59.74% | |
| 150 | MLMMartin Marietta Materials Inc. | 15,545 | $3.7B | 59.49% | |
| 151 | VBTXVeritex Holdings | 214,775 | $3.7B | 59.48% | |
| 152 | —iShares iBonds Dec 2022 AMT-Fr | 137,460 | $3.6B | 59.23% | |
| 153 | TPVGTriplePoint Venture Growth BDC | 327,489 | $3.6B | 58.80% | |
| 154 | IAUiShares iBonds Dec 2025 Term M | 128,062 | $3.6B | 58.52% | |
| 155 | AQLTiShares Muni Bond 2023 | 135,563 | $3.6B | 57.93% | |
| 156 | RVNUXTrackers Municipal Infr REven | 124,928 | $3.5B | 57.62% | |
| 157 | IGSBiShares Short-Term Corporate B | 63,134 | $3.5B | 56.37% | |
| 158 | SCMStellus Capital Investment | 392,414 | $3.4B | 55.51% | |
| 159 | MUBiShares National AMT-Free Muni | 28,468 | $3.3B | 53.66% | |
| 160 | MOVMovado Group Inc. | 324,173 | $3.2B | 52.39% | |
| 161 | CTVACorteva Inc | 107,514 | $3.1B | 50.36% | |
| 162 | THRThermon Group Holdings Inc. | 266,313 | $3.0B | 48.62% | |
| 163 | PAHCPhibro Animal Health Corp Clas | 171,678 | $3.0B | 48.57% | |
| 164 | PRFTUSDPerficient Inc | 69,867 | $3.0B | 48.55% | |
| 165 | —Neenah Paper Inc | 79,598 | $3.0B | 48.50% | |
| 166 | JJSFJ & J Snack Foods Corp | 22,732 | $3.0B | 48.19% | |
| 167 | GSBDGoldman Sachs BDC Inc. | 186,532 | $2.8B | 45.61% | |
| 168 | BABAAlibaba Group Holding Ltd | 9,218 | $2.7B | 44.06% | |
| 169 | —Natus Medical Inc. | 150,610 | $2.6B | 41.95% | |
| 170 | TFISPDR Nuveen Barclays Capital M | 49,667 | $2.6B | 41.93% | |
| 171 | VREXVarex Imaging Corp | 197,272 | $2.5B | 40.80% | |
| 172 | PNNTPennantPark Investment Corp. | 767,824 | $2.5B | 39.84% | |
| 173 | OFSOFS Capital Corp. | 458,930 | $2.2B | 35.14% | |
| 174 | TSMTaiwan Semiconductor Manufactu | 26,353 | $2.1B | 34.73% | |
| 175 | FNVFranco-Nevada Corp. | 13,696 | $1.9B | 31.09% | |
| 176 | ICLRIcon PLC | 9,914 | $1.9B | 30.80% | |
| 177 | DSDVYDSV Panalpina | 21,717 | $1.8B | 28.86% | |
| 178 | SHOPShopify Inc | 1,735 | $1.8B | 28.86% | |
| 179 | LVMUYLVMH Moet Hennessy Louis Vuitt | 17,871 | $1.7B | 27.22% | |
| 180 | SONYSony Corp. ADS | 21,659 | $1.7B | 27.02% | |
| 181 | IEMGiShares Core MSCI Emerging Mar | 30,882 | $1.6B | 26.52% | |
| 182 | BRK-BBerkshire Hathaway Inc. - Clas | 5 | $1.6B | 26.02% | |
| 183 | TCEHYTencent Holdings LTD | 24,199 | $1.6B | 25.97% | |
| 184 | MAINMain Street Capital Corp. | 51,749 | $1.5B | 24.88% | |
| 185 | ZTOZTO Express Cayman Inc | 49,615 | $1.5B | 24.13% | |
| 186 | NVONovo Nordisk A/S ADS | 21,175 | $1.5B | 23.90% | |
| 187 | HYGHigh Yield Corporate Bond Fund | 17,362 | $1.5B | 23.69% | |
| 188 | NLYEURAnnaly Capital Management Inc. | 204,104 | $1.5B | 23.63% | |
| 189 | GSKGlaxoSmithKline Plc (Adr 1:2) | 37,786 | $1.4B | 23.12% | |
| 190 | NMI1EURKirkland Lake Gold Ltd | 28,919 | $1.4B | 22.91% | |
| 191 | WCNWaste Connections, INC. | 13,489 | $1.4B | 22.76% | |
| 192 | AAGIYAIA Group Ltd | 34,863 | $1.4B | 22.21% | |
| 193 | OBDCOwl Rock Capital Corporation | 112,331 | $1.4B | 22.03% | |
| 194 | IBTHiShares iBonds Dec 2027 Term T | 49,165 | $1.3B | 21.14% | |
| 195 | LRLCYL'Oreal SA | 19,481 | $1.3B | 20.62% | |
| 196 | IBTIiShares iBonds Dec 2028 Term T | 47,514 | $1.3B | 20.57% | |
| 197 | RIORio Tinto PLC | 20,450 | $1.2B | 20.08% | |
| 198 | CYBRCyberark Software Ltd | 11,609 | $1.2B | 19.53% | |
| 199 | CNRCanadian National Railway | 11,147 | $1.2B | 19.30% | |
| 200 | WTWWillis Towers Watson Public Lt | 5,553 | $1.2B | 18.86% |