CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2023 Filing
Filed October 10, 2023
Portfolio Value
$6.5B
Holdings
290
Report Date
Q3 2023
Filing Type
13F-HR
All Holdings (290 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | DFNMDimensional National Municipal | 233,188 | $10.8B | 167.70% | |
| 102 | AZEKAzek Co. Inc. | 363,416 | $10.8B | 167.27% | |
| 103 | JJSFJ & J Snack Foods Corp. | 64,657 | $10.6B | 163.76% | |
| 104 | KMXCarMax Inc. | 144,030 | $10.2B | 157.66% | |
| 105 | IBTIiShares iBonds Dec 2028 Term T | 469,708 | $10.1B | 156.65% | |
| 106 | IBMSiShares iBonds Dec 2032 Term T | 449,184 | $9.9B | 152.87% | |
| 107 | SLYGSPDR S&P 600 Small Cap Growth | 122,948 | $9.0B | 139.42% | |
| 108 | IBDPiShares iBonds Dec 2024 Term C | 360,948 | $8.9B | 138.14% | |
| 109 | BSMYInvesco BulletShares 2025 Corp | 428,053 | $8.6B | 133.22% | |
| 110 | AQLTiShares iBonds Dec 2025 Term T | 369,192 | $8.5B | 131.87% | |
| 111 | FLJPFranklin FTSE Japan ETF | 318,847 | $8.4B | 130.52% | |
| 112 | SPIBSPDR Portfolio Intermediate Te | 260,988 | $8.2B | 127.03% | |
| 113 | PZAPowershares Insured National M | 367,201 | $8.1B | 125.93% | |
| 114 | IBMSiShares iBonds Dec 2029 Term T | 383,235 | $8.0B | 124.55% | |
| 115 | VNTVontier Corp. | 240,031 | $7.4B | 114.86% | |
| 116 | HXGBYHexagon A.B. | 851,816 | $7.2B | 111.53% | |
| 117 | AQLTiShares iBonds Dec 2024 Term M | 267,141 | $6.9B | 106.21% | |
| 118 | RMAXRE/MAX Holdings Inc. | 516,436 | $6.7B | 103.42% | |
| 119 | SPYGSPDR Portfolio S&P 500 Growth | 112,252 | $6.7B | 102.98% | |
| 120 | BSMYInvesco BulletShares 2028 Muni | 292,256 | $6.6B | 101.90% | |
| 121 | QQQInvesco BulletShares 2024 Muni | 260,498 | $6.4B | 99.36% | |
| 122 | HTGCHercules Capital Inc. | 387,190 | $6.4B | 98.39% | |
| 123 | BSMRInvesco BulletShares 2027 Muni | 263,287 | $6.0B | 93.25% | |
| 124 | QQQInvesco BulletShares 2023 Muni | 221,383 | $5.5B | 85.79% | |
| 125 | QQQInvesco BulletShares 2025 Muni | 229,452 | $5.5B | 85.24% | |
| 126 | BSMQInvesco BulletShares 2026 Muni | 238,448 | $5.5B | 84.84% | |
| 127 | MAINMain Street Capital Corp. | 129,166 | $5.2B | 81.22% | |
| 128 | BXSLBlackstone Secured Lending Fun | 188,789 | $5.2B | 79.94% | |
| 129 | GBDCGolub Capital BDC Inc. | 351,835 | $5.2B | 79.88% | |
| 130 | RBCRBC Bearings Inc. | 21,970 | $5.1B | 79.61% | |
| 131 | NMFCNew Mountain Finance Corp. | 375,382 | $4.9B | 75.23% | |
| 132 | KAIKadant Inc. | 21,491 | $4.8B | 75.02% | |
| 133 | HAYWHayward Holdings Inc. | 330,627 | $4.7B | 72.15% | |
| 134 | —BlackRock TCP Capital Corp. | 395,224 | $4.6B | 71.81% | |
| 135 | TSLXSixth Street Specialty Lending | 221,599 | $4.5B | 70.10% | |
| 136 | STCStewart Information Services | 102,046 | $4.5B | 69.17% | |
| 137 | BBDCBarings BDC Inc. | 496,528 | $4.4B | 68.47% | |
| 138 | MGPIMGP Ingredients Inc. | 41,770 | $4.4B | 68.19% | |
| 139 | WGOWinnebago Industries Inc. | 72,220 | $4.3B | 66.45% | |
| 140 | JBTJohn Bean Technologies Corp. | 40,084 | $4.2B | 65.22% | |
| 141 | PNNTPennantPark Investment Corp. | 639,471 | $4.2B | 65.12% | |
| 142 | IBDSiShares iBonds Dec 2027 Term C | 180,443 | $4.2B | 64.62% | |
| 143 | EPCEdgewell Personal Care Co. | 112,369 | $4.2B | 64.28% | |
| 144 | XMESPDR S&P Metals & Mining ETF | 77,696 | $4.1B | 63.13% | |
| 145 | ITA*iShares US Aerospace & Defense | 38,402 | $4.1B | 62.98% | |
| 146 | CLBCore Laboratories N.V. | 168,826 | $4.1B | 62.73% | |
| 147 | HTOSJW Group | 66,453 | $4.0B | 61.82% | |
| 148 | MOVMovado Group Inc. | 139,903 | $3.8B | 59.22% | |
| 149 | CVCOCavco Industries Inc. | 14,300 | $3.8B | 58.79% | |
| 150 | MRTNMarten Transport Ltd. | 192,226 | $3.8B | 58.64% | |
| 151 | IIIVi3 Verticals Inc. | 175,515 | $3.7B | 57.42% | |
| 152 | HGTYHagerty Inc. | 446,838 | $3.7B | 56.50% | |
| 153 | IBDQiShares iBonds Dec 2025 Term C | 149,040 | $3.6B | 56.21% | |
| 154 | PRFTUSDPerficient Inc. | 60,645 | $3.5B | 54.30% | |
| 155 | ALNTAllient Inc | 113,188 | $3.5B | 54.16% | |
| 156 | ECVTEcovyst Inc. | 351,936 | $3.5B | 53.59% | |
| 157 | BWINBRP Group Inc. | 146,781 | $3.4B | 52.77% | |
| 158 | AOUTAmerican Outdoor Brands Inc. | 336,343 | $3.3B | 50.91% | |
| 159 | XLESPDR Energy Select Sector ETF | 35,790 | $3.2B | 50.07% | |
| 160 | JBSSJohn B Sanfilippo & Son Inc. | 32,706 | $3.2B | 50.01% | |
| 161 | XLISPDR Industrial Select Sector | 31,791 | $3.2B | 49.88% | |
| 162 | HYMBSPDR Nuveen S&P High Yield Mun | 132,719 | $3.2B | 48.93% | |
| 163 | SLRCSLR Investment Corp. | 199,522 | $3.1B | 47.52% | |
| 164 | NWNNorthwest Natural Holding Co. | 78,078 | $3.0B | 46.11% | |
| 165 | CNNECannae Holdings Inc. | 159,514 | $3.0B | 46.02% | |
| 166 | OBDCBlue Owl Capital Corp. | 198,903 | $2.8B | 42.63% | |
| 167 | GSBDGoldman Sachs BDC Inc. | 185,709 | $2.7B | 41.85% | |
| 168 | BRK-BBerkshire Hathaway Inc. - A | 5 | $2.7B | 41.13% | |
| 169 | CSWCCapital Southwest Corp. | 96,395 | $2.2B | 34.16% | |
| 170 | HCSGHealthcare Services Group Inc. | 201,286 | $2.1B | 32.49% | |
| 171 | NLYAnnaly Capital Management Inc. | 110,648 | $2.1B | 32.21% | |
| 172 | FSPFranklin Street Properties Cor | 1,106,656 | $2.0B | 31.68% | |
| 173 | —AGNC Investment Corp. | 211,958 | $2.0B | 30.97% | |
| 174 | TRIPTripAdvisor Inc. | 116,775 | $1.9B | 29.96% | |
| 175 | IAUiShares iBonds Dec 2025 Term M | 61,455 | $1.6B | 24.80% | |
| 176 | TPVGTriplePoint Venture Growth BDC | 127,153 | $1.3B | 20.58% | |
| 177 | UFPTUFP Technologies Inc. | 8,093 | $1.3B | 20.22% | |
| 178 | FNVFranco-Nevada Corp. | 9,707 | $1.3B | 20.05% | |
| 179 | OFSOFS Capital Corp. | 109,260 | $1.2B | 19.01% | |
| 180 | BXBlackstone Group LP | 11,000 | $1.2B | 18.24% | |
| 181 | EMXCiShares MSCI Emerging Markets | 23,081 | $1.2B | 17.80% | |
| 182 | CCAPCrescent Capital BDC Inc. | 67,120 | $1.1B | 17.76% | |
| 183 | BCICPortman Ridge Finance Corp. | 55,163 | $1.1B | 16.43% | |
| 184 | NVONovo Nordisk A.S. | 11,630 | $1.1B | 16.37% | |
| 185 | RIORio Tinto plc | 16,473 | $1.0B | 16.22% | |
| 186 | BCSFBain Capital Specialty Finance | 67,274 | $1.0B | 15.94% | |
| 187 | ICLRICON plc | 4,138 | $1.0B | 15.77% | |
| 188 | ACNAccenture plc | 3,267 | $1.0B | 15.53% | |
| 189 | TSMTaiwan Semiconductor Manufactu | 11,464 | $996.2M | 15.42% | |
| 190 | FSKFS KKR Capital Corp. | 50,210 | $988.6M | 15.30% | |
| 191 | CYBRCyberArk Software Ltd. | 5,793 | $948.7M | 14.68% | |
| 192 | SHELShell plc | 14,670 | $944.5M | 14.62% | |
| 193 | WMMVYWal-Mart de Mexico S.A.B. de C | 24,236 | $910.3M | 14.09% | |
| 194 | JJSFJ & J Snack Foods Corp. | 5,558 | $909.6M | 14.08% | |
| 195 | DSDVYDSV A.S. | 9,604 | $896.2M | 13.87% | |
| 196 | LRLCYL'Oreal S.A. | 10,766 | $892.1M | 13.81% | |
| 197 | CCOCameco Corp. | 21,856 | $866.4M | 13.41% | |
| 198 | BROBrown & Brown Inc. | 12,389 | $865.2M | 13.39% | |
| 199 | AEMAgnico Eagle Mines Ltd. | 18,615 | $846.1M | 13.09% | |
| 200 | ZURVYZurich Insurance Group A.G. | 18,415 | $843.0M | 13.05% |