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 |
|---|---|---|---|---|---|
| 201 | WCNWaste Connections Inc. | 6,094 | $818.4M | 12.67% | |
| 202 | MUFGMitsubishi UFJ Financial | 95,194 | $808.2M | 12.51% | |
| 203 | TRINTrinity Capital Inc. | 56,867 | $791.6M | 12.25% | |
| 204 | TTENTotalEnergies S.E. | 11,574 | $761.1M | 11.78% | |
| 205 | —DBS Group Holdings Ltd. | 7,643 | $752.7M | 11.65% | |
| 206 | FFC0Oaktree Specialty Lending Corp | 37,201 | $748.5M | 11.58% | |
| 207 | JBSSJohn B Sanfilippo & Son Inc. | 7,509 | $741.9M | 11.48% | |
| 208 | WTWWillis Towers Watson plc | 3,537 | $739.1M | 11.44% | |
| 209 | HLNHaleon plc | 85,726 | $714.1M | 11.05% | |
| 210 | AERAerCap Holdings N.V. | 11,281 | $707.0M | 10.94% | |
| 211 | SONYSony Group Corp. | 8,531 | $703.0M | 10.88% | |
| 212 | LVMUYLVMH Moet Hennessy Louis Vuitt | 4,528 | $684.2M | 10.59% | |
| 213 | INGING Groep N.V. | 50,914 | $671.0M | 10.39% | |
| 214 | BNPQYBNP Paribas S.A. | 20,903 | $663.7M | 10.27% | |
| 215 | PKXPOSCO Holdings Inc. | 6,421 | $658.1M | 10.19% | |
| 216 | SAPSAP S.E. | 4,749 | $614.1M | 9.50% | |
| 217 | WOPWoodside Energy Group Ltd. | 26,308 | $612.7M | 9.48% | |
| 218 | COPConocoPhillips | 4,906 | $587.7M | 9.10% | |
| 219 | APTVAptiv plc | 5,864 | $578.1M | 8.95% | |
| 220 | BACBank of America Corp. | 20,789 | $569.2M | 8.81% | |
| 221 | CAECAE Inc. | 24,074 | $562.1M | 8.70% | |
| 222 | XOMExxon Mobil Corp. | 4,702 | $552.9M | 8.56% | |
| 223 | EXEChesapeake Energy Corp. | 6,361 | $548.5M | 8.49% | |
| 224 | MITSYMitsui & Co. Ltd. | 748 | $543.3M | 8.41% | |
| 225 | SWN1EURSouthwestern Energy Co. | 84,131 | $542.6M | 8.40% | |
| 226 | SCCOSouthern Copper Corp. | 7,140 | $537.6M | 8.32% | |
| 227 | VISTVista Energy S.A.B. de C.V. | 17,589 | $534.5M | 8.27% | |
| 228 | FANGDiamondback Energy Inc. | 3,450 | $534.3M | 8.27% | |
| 229 | NTDOYNintendo Co. Ltd. | 50,267 | $520.3M | 8.05% | |
| 230 | SMCAYSMC Corp. | 22,907 | $516.3M | 7.99% | |
| 231 | SHOPShopify Inc. | 9,325 | $508.9M | 7.88% | |
| 232 | KMTUYKomatsu Ltd. | 18,801 | $507.1M | 7.85% | |
| 233 | HESHess Corp. | 3,213 | $491.6M | 7.61% | |
| 234 | CTRACoterra Energy Inc. | 17,958 | $485.8M | 7.52% | |
| 235 | LZAGYLonza Group | 10,365 | $478.7M | 7.41% | |
| 236 | PXDEURPioneer Natural Resources Co. | 2,070 | $475.2M | 7.35% | |
| 237 | IAU*iShares Gold Trust ETF | 12,573 | $439.9M | 6.81% | |
| 238 | WPMWheaton Precious Metals Corp. | 10,787 | $437.4M | 6.77% | |
| 239 | ETNEaton Corp. plc | 2,031 | $433.2M | 6.70% | |
| 240 | RGLDRoyal Gold Inc. | 4,049 | $430.5M | 6.66% | |
| 241 | FCXFreeport-McMoRan Inc. | 11,410 | $425.5M | 6.58% | |
| 242 | RHHBYRoche Holding A.G. | 12,211 | $414.3M | 6.41% | |
| 243 | U6ZUranium Energy Corp. | 80,432 | $414.2M | 6.41% | |
| 244 | ARAntero Resources Corp. | 16,258 | $412.6M | 6.39% | |
| 245 | GLNCYGlencore plc | 35,508 | $404.8M | 6.26% | |
| 246 | DMLDenison Mines Corp. | 241,748 | $398.9M | 6.17% | |
| 247 | MMYTMakeMyTrip Ltd. | 9,772 | $396.0M | 6.13% | |
| 248 | —Antofagasta PLC ADR | 22,312 | $387.2M | 5.99% | |
| 249 | BHPBHP Billiton Ltd. | 6,731 | $382.9M | 5.93% | |
| 250 | GOOGLAlphabet Inc. | 2,918 | $381.8M | 5.91% | |
| 251 | SEASeabridge Gold Inc. | 34,674 | $365.8M | 5.66% | |
| 252 | NVDANVIDIA Corp. | 836 | $363.7M | 5.63% | |
| 253 | AXPAmerican Express Co. | 2,400 | $358.1M | 5.54% | |
| 254 | —Manatuck Hill Mariner Offshore | 1,838 | $349.0M | 5.40% | |
| 255 | MTRNMaterion Corp. | 3,417 | $348.2M | 5.39% | |
| 256 | MOSMosaic Co. | 9,751 | $347.1M | 5.37% | |
| 257 | FMXFomento Economico Mexicano S.A | 3,168 | $345.8M | 5.35% | |
| 258 | NEMNewmont Mining Corp. | 9,065 | $335.0M | 5.18% | |
| 259 | ABXBarrick Gold Corp. | 23,010 | $334.8M | 5.18% | |
| 260 | AQLTiShares iBonds Dec 2023 Term M | 12,126 | $309.5M | 4.79% | |
| 261 | IBMRiShares iBonds Dec 2029 Term M | 12,887 | $307.6M | 4.76% | |
| 262 | IBMOiShares iBonds Dec 2026 Term M | 12,186 | $302.3M | 4.68% | |
| 263 | MLB1MercadoLibre Inc. | 238 | $301.8M | 4.67% | |
| 264 | IBMPiShares iBonds Dec 2027 Term M | 12,232 | $299.4M | 4.63% | |
| 265 | IBMQiShares iBonds Dec 2028 Term M | 12,189 | $297.5M | 4.60% | |
| 266 | BSMTInvesco BulletShares 2029 Muni | 13,345 | $295.2M | 4.57% | |
| 267 | BSMUInvesco BulletShares 2030 Muni | 14,061 | $293.7M | 4.55% | |
| 268 | BSMYInvesco BulletShares 2031 Muni | 14,617 | $292.5M | 4.53% | |
| 269 | LZRFYLocaliza Rent a Car S.A. | 22,475 | $274.4M | 4.25% | |
| 270 | SQMSociedad Quimica y Minera de C | 4,409 | $263.1M | 4.07% | |
| 271 | AAAlcoa Corp. | 8,859 | $257.4M | 3.98% | |
| 272 | RDYDr Reddy's Laboratories Ltd. | 3,735 | $249.8M | 3.87% | |
| 273 | —ICICI Bank Ltd. | 10,794 | $249.6M | 3.86% | |
| 274 | IUSViShares Core S&P US Value ETF | 3,231 | $241.1M | 3.73% | |
| 275 | GBOOYGrupo Financiero Banorte S.A.B | 5,648 | $236.0M | 3.65% | |
| 276 | KOFCoca-Cola Femsa SAB de CV | 2,997 | $235.1M | 3.64% | |
| 277 | CWCurtiss-Wright Corp. | 1,160 | $226.9M | 3.51% | |
| 278 | KBKB Financial Group Inc. | 5,484 | $225.4M | 3.49% | |
| 279 | YUMCYum China Holdings Inc. | 4,015 | $223.7M | 3.46% | |
| 280 | VLRSControladora Vuela Cia de Avia | 31,968 | $217.1M | 3.36% | |
| 281 | ZTOZTO Express Cayman Inc. | 8,902 | $215.2M | 3.33% | |
| 282 | GFIGold Fields Ltd. | 19,740 | $214.4M | 3.32% | |
| 283 | AAPLApple Inc. | 1,237 | $211.8M | 3.28% | |
| 284 | WNSNWNS Holdings Ltd. | 3,040 | $208.1M | 3.22% | |
| 285 | BAMBrookfield Asset Management | 6,154 | $205.2M | 3.18% | |
| 286 | HDBHDFC Bank Ltd. | 3,437 | $202.8M | 3.14% | |
| 287 | INFYInfosys Ltd. | 10,823 | $185.2M | 2.87% | |
| 288 | VALEVale S.A. | 13,327 | $178.6M | 2.76% | |
| 289 | WXXWYWuxi Biologics Cayman Inc. | 15,141 | $175.6M | 2.72% | |
| 290 | PTAIYPT Astra International Tbk | 21,895 | $175.6M | 2.72% | |
| 291 | ECEcopetrol S.A. | 14,957 | $173.2M | 2.68% | |
| 292 | ASAIYSendas Distribuidora S.A. | 10,923 | $133.0M | 2.06% | |
| 293 | YJ3AJBS S.A. | 14,047 | $100.3M | 1.55% |
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