CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2022 Filing
Filed October 3, 2022
Portfolio Value
$6.0B
Holdings
298
Report Date
Q3 2022
Filing Type
13F-HR
All Holdings (298 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 201 | WCNWaste Connections Inc. | 6,649 | $898.0M | 14.98% | |
| 202 | ITMVanEck Vectors AMT-Free Interm | 20,376 | $887.0M | 14.80% | |
| 203 | NVONovo Nordisk A.S. | 8,771 | $874.0M | 14.58% | |
| 204 | LVMUYLVMH Moet Hennessy Louis Vuitt | 7,290 | $857.0M | 14.30% | |
| 205 | ICLRICON plc | 4,535 | $833.0M | 13.90% | |
| 206 | AEMAgnico Eagle Mines Ltd. | 19,195 | $811.0M | 13.53% | |
| 207 | SHELShell plc | 16,173 | $805.0M | 13.43% | |
| 208 | —DBS Group Holdings Ltd. | 8,619 | $798.0M | 13.31% | |
| 209 | CTVACorteva Inc. | 13,328 | $762.0M | 12.71% | |
| 210 | LRLCYL'Oreal S.A. | 11,934 | $761.0M | 12.70% | |
| 211 | ZURVYZurich Insurance Group A.G. | 18,600 | $740.0M | 12.35% | |
| 212 | CCAPCrescent Capital BDC Inc. | 49,010 | $737.0M | 12.30% | |
| 213 | WTWWillis Towers Watson plc | 3,600 | $723.0M | 12.06% | |
| 214 | NLYAnnaly Capital Management Inc. | 41,898 | $719.0M | 12.00% | |
| 215 | IWDiShares Russell 1000 Value ETF | 4,673 | $635.0M | 10.60% | |
| 216 | WOPWoodside Energy Group Ltd. | 29,590 | $597.0M | 9.96% | |
| 217 | SONYSony Group Corp. | 9,155 | $586.0M | 9.78% | |
| 218 | EXEChesapeake Energy Corp. | 6,211 | $585.0M | 9.76% | |
| 219 | DSDVYDSV A.S. | 9,898 | $576.0M | 9.61% | |
| 220 | CCOCameco Corp. | 21,691 | $575.0M | 9.59% | |
| 221 | LZAGYLonza Group | 11,447 | $557.0M | 9.29% | |
| 222 | XOMExxon Mobil Corp. | 6,328 | $552.0M | 9.21% | |
| 223 | TTENTotalEnergies S.E. | 11,842 | $551.0M | 9.19% | |
| 224 | UOVEYUnited Overseas Bank Ltd. | 14,996 | $544.0M | 9.08% | |
| 225 | CLRUSDContinental Resources Inc. | 7,990 | $534.0M | 8.91% | |
| 226 | FSC1EUROaktree Specialty Lending Corp | 88,907 | $533.0M | 8.89% | |
| 227 | COPConocoPhillips | 5,072 | $519.0M | 8.66% | |
| 228 | NTDOYNintendo Co. Ltd. | 10,141 | $517.0M | 8.63% | |
| 229 | MOSMosaic Co. | 10,674 | $516.0M | 8.61% | |
| 230 | CNHCNH Industrial N.V. | 46,099 | $515.0M | 8.59% | |
| 231 | PKXPOSCO Holdings Inc. | 13,810 | $506.0M | 8.44% | |
| 232 | PFXPhenixFIN Corp. | 14,551 | $501.0M | 8.36% | |
| 233 | RHHBYRoche Holding A.G. | 12,321 | $500.0M | 8.34% | |
| 234 | GLNCYGlencore plc | 46,280 | $485.0M | 8.09% | |
| 235 | ZROZPIMCO 20 Plus Year Zero Coupon | 5,000 | $466.0M | 7.78% | |
| 236 | CTRACoterra Energy Inc. | 17,860 | $466.0M | 7.78% | |
| 237 | BNPQYBNP Paribas S.A. | 21,910 | $463.0M | 7.73% | |
| 238 | SMCAYSMC Corp. | 22,768 | $460.0M | 7.68% | |
| 239 | EOGEOG Resources Inc. | 4,075 | $455.0M | 7.59% | |
| 240 | APTVAptiv plc | 5,809 | $454.0M | 7.58% | |
| 241 | PXDEURPioneer Natural Resources Co. | 2,067 | $448.0M | 7.47% | |
| 242 | INGING Groep N.V. | 50,806 | $432.0M | 7.21% | |
| 243 | U-USprott Physical Uranium Trust | 35,783 | $420.0M | 7.01% | |
| 244 | FANGDiamondback Energy Inc. | 3,466 | $418.0M | 6.97% | |
| 245 | ALBAlbemarle Corp. | 1,574 | $416.0M | 6.94% | |
| 246 | NTRNutrien Ltd | 4,851 | $404.0M | 6.74% | |
| 247 | CFCF Industries Holdings Inc. | 4,083 | $393.0M | 6.56% | |
| 248 | —Manatuck Hill Mariner Offshore | 2,013 | $386.0M | 6.44% | |
| 249 | SAPSAP S.E. | 4,727 | $384.0M | 6.41% | |
| 250 | MTRNMaterion Corp. | 4,711 | $377.0M | 6.29% | |
| 251 | RGLDRoyal Gold Inc. | 4,008 | $376.0M | 6.27% | |
| 252 | EQTEQT Corp. | 9,174 | $374.0M | 6.24% | |
| 253 | SQMSociedad Quimica y Minera de C | 4,091 | $371.0M | 6.19% | |
| 254 | CAECAE Inc. | 23,869 | $366.0M | 6.11% | |
| 255 | KMTUYKomatsu Ltd. | 18,524 | $337.0M | 5.62% | |
| 256 | ABXBarrick Gold Corp. | 21,642 | $335.0M | 5.59% | |
| 257 | FQVLFFirst Quantum Minerals Ltd. | 19,467 | $330.0M | 5.51% | |
| 258 | GBOOYGrupo Financiero Banorte S.A.B | 10,155 | $326.0M | 5.44% | |
| 259 | IVNIvanhoe Mines Ltd. | 50,573 | $325.0M | 5.42% | |
| 260 | AXPAmerican Express Co. | 2,400 | $324.0M | 5.41% | |
| 261 | MMYTMakeMyTrip Ltd. | 10,416 | $320.0M | 5.34% | |
| 262 | GSMFerroglobe plc | 60,412 | $319.0M | 5.32% | |
| 263 | COSTCostco Wholesale Corp. | 674 | $318.0M | 5.31% | |
| 264 | SCCOSouthern Copper Corp. | 7,066 | $317.0M | 5.29% | |
| 265 | FCXFreeport-McMoRan Inc. | 10,939 | $299.0M | 4.99% | |
| 266 | —ICICI Bank Ltd. | 14,179 | $297.0M | 4.96% | |
| 267 | EMBCEmbecta Corp. | 10,330 | $297.0M | 4.96% | |
| 268 | HDBHDFC Bank Ltd. | 5,041 | $294.0M | 4.91% | |
| 269 | GOOGLAlphabet Inc. | 3,060 | $293.0M | 4.89% | |
| 270 | HTHTHuazhu Group Ltd. | 8,553 | $287.0M | 4.79% | |
| 271 | WNSNWNS Holdings Ltd. | 3,506 | $287.0M | 4.79% | |
| 272 | LZRFYLocaliza Rent a Car S.A. | 25,393 | $286.0M | 4.77% | |
| 273 | XNGSYENN Energy Holdings Ltd. | 5,330 | $284.0M | 4.74% | |
| 274 | AAAlcoa Corp. | 8,397 | $283.0M | 4.72% | |
| 275 | DMLDenison Mines Corp. | 236,509 | $281.0M | 4.69% | |
| 276 | LYSDYLynas Rare Earths Ltd. | 58,053 | $280.0M | 4.67% | |
| 277 | ZTOZTO Express Cayman Inc. | 11,418 | $274.0M | 4.57% | |
| 278 | U6ZUranium Energy Corp. | 77,498 | $271.0M | 4.52% | |
| 279 | VVisa Inc. | 1,430 | $254.0M | 4.24% | |
| 280 | ZNHUSDChina Southern Airlines Co Ltd | 9,541 | $254.0M | 4.24% | |
| 281 | MLB1MercadoLibre Inc. | 304 | $252.0M | 4.20% | |
| 282 | WXXWYWuxi Biologics Cayman Inc. | 20,331 | $243.0M | 4.05% | |
| 283 | FLOTiShares Floating Rate Bond ETF | 4,755 | $239.0M | 3.99% | |
| 284 | MINTPIMCO Enhanced Short Maturity | 2,375 | $235.0M | 3.92% | |
| 285 | SHOPShopify Inc. | 8,725 | $235.0M | 3.92% | |
| 286 | YUMCYum China Holdings Inc. | 4,847 | $229.0M | 3.82% | |
| 287 | IWNiShares Russell 2000 Value ETF | 1,728 | $223.0M | 3.72% | |
| 288 | RDYDr Reddy's Laboratories Ltd. | 4,232 | $222.0M | 3.70% | |
| 289 | FMXFomento Economico Mexicano S.A | 3,487 | $219.0M | 3.65% | |
| 290 | VALEVale S.A. | 16,197 | $216.0M | 3.60% | |
| 291 | GQ9SPDR Gold Shares ETF | 1,365 | $211.0M | 3.52% | |
| 292 | TCEHYTencent Holdings Ltd. | 6,157 | $208.0M | 3.47% | |
| 293 | ASAIYSendas Distribuidora S.A. | 12,566 | $203.0M | 3.39% | |
| 294 | VISTVista Energy S.A.B. de C.V. | 21,146 | $199.0M | 3.32% | |
| 295 | GFIGold Fields Ltd. | 23,121 | $187.0M | 3.12% | |
| 296 | ECEcopetrol S.A. | 16,061 | $143.0M | 2.39% | |
| 297 | YJ3AJBS S.A. | 14,353 | $135.0M | 2.25% | |
| 298 | PNGAYPing An Insurance Group Co. of | 11,015 | $109.0M | 1.82% | |
| 299 | C1B2Cia Brasileira de Distribuicao | 30,604 | $108.0M | 1.80% | |
| 300 | CFRUYCie Financiere Richemont S.A. | 11,007 | $103.0M | 1.72% |
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