CONFLUENCE INVESTMENT MANAGEMENT LLC Q4 2018 Filing
Filed January 4, 2019
Portfolio Value
$5.3B
Holdings
304
Report Date
Q4 2018
Filing Type
13F-HR
All Holdings (304 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | IWDRussell 1000 Value Index - iSh | 96,695 | $10.7B | 201.93% | |
| 102 | —TCP Capital Corp. | 816,269 | $10.6B | 200.16% | |
| 103 | IGLBiShares Long-Term Corporate Bo | 179,680 | $10.1B | 190.23% | |
| 104 | SLRCSolar Capital Ltd. | 487,740 | $9.4B | 176.02% | |
| 105 | TFISPDR Nuveen Barclays Capital M | 194,151 | $9.3B | 175.70% | |
| 106 | HTGCHercules Technology Growth Cap | 826,780 | $9.1B | 171.81% | |
| 107 | BBDCBarings BDC Inc | 1,012,066 | $9.1B | 171.49% | |
| 108 | —iShares Corporate ex Financial | 362,902 | $8.8B | 166.41% | |
| 109 | MLNVanEck Vectors Long Municipal | 448,085 | $8.8B | 164.83% | |
| 110 | IJKS&P MidCap 400 Growth Index Fu | 44,624 | $8.5B | 160.47% | |
| 111 | IBDSiShares iBonds Dec 2027 Term C | 352,243 | $8.2B | 154.94% | |
| 112 | IBDQiShares iBonds Dec 2025 Term C | 344,806 | $8.1B | 153.02% | |
| 113 | TPVGTriplePoint Venture Growth BDC | 728,075 | $7.9B | 149.11% | |
| 114 | IJSS&P SmallCap 600 Value Index F | 58,637 | $7.7B | 145.38% | |
| 115 | SCMStellus Capital Investment | 553,342 | $7.2B | 134.76% | |
| 116 | SPDWSPDR Portfolio World Ex US ETF | 268,248 | $7.1B | 133.42% | |
| 117 | TSLXUSDTPG Specialty Lending, Inc. | 359,695 | $6.5B | 122.37% | |
| 118 | PDCOEURPatterson Companies Inc. | 330,373 | $6.5B | 122.14% | |
| 119 | GTESGates Industrial | 440,467 | $5.8B | 109.67% | |
| 120 | IJJS&P MidCap 400 Value Index Fun | 41,462 | $5.7B | 107.87% | |
| 121 | TWOTwo Harbors Investment Corp. | 436,255 | $5.6B | 105.35% | |
| 122 | HTOSJW Group | 100,043 | $5.6B | 104.63% | |
| 123 | OFSOFS Capital Corp. | 520,499 | $5.5B | 103.75% | |
| 124 | NWNNorthwest Natural Holding Co | 90,093 | $5.4B | 102.43% | |
| 125 | —Raven Industries Inc. | 147,896 | $5.4B | 100.66% | |
| 126 | IAUUSDiShares Gold Trust | 432,715 | $5.3B | 100.01% | |
| 127 | —Invesco BulletShares 2020 | 251,999 | $5.3B | 99.86% | |
| 128 | —Invesco BulletShares 2022 | 254,983 | $5.3B | 98.82% | |
| 129 | ALNTAllied Motion Technologies Inc | 115,596 | $5.2B | 97.15% | |
| 130 | —THL Credit, Inc. | 848,658 | $5.2B | 97.04% | |
| 131 | PNNTPennantPark Investment Corp. | 808,262 | $5.1B | 96.83% | |
| 132 | —iShares iBonds Sep 2020 Amt Fr | 202,809 | $5.1B | 96.75% | |
| 133 | MOVMovado Group Inc. | 162,484 | $5.1B | 96.60% | |
| 134 | GSBDGoldman Sachs BDC Inc. | 278,354 | $5.1B | 96.21% | |
| 135 | AQLTiShares iBonds Dec 2024 Term M | 200,106 | $5.1B | 95.81% | |
| 136 | GOODGladstone Commercial Corp. | 281,042 | $5.0B | 94.70% | |
| 137 | BMRCBank of Marin (CA) | 121,815 | $5.0B | 94.46% | |
| 138 | THRThermon Group Holdings Inc. | 246,602 | $5.0B | 94.05% | |
| 139 | AQLTiShares Muni Bond 2023 | 197,787 | $5.0B | 93.39% | |
| 140 | RBCRBC Bearings Incorporated | 37,226 | $4.9B | 91.77% | |
| 141 | CNNECannae Holdings Inc | 280,557 | $4.8B | 90.32% | |
| 142 | NLYEURAnnaly Capital Management Inc. | 486,456 | $4.8B | 89.83% | |
| 143 | RCOResources Connection Inc | 336,255 | $4.8B | 89.80% | |
| 144 | FWRDUSDForward Air Corp. | 86,994 | $4.8B | 89.74% | |
| 145 | —iShares iBonds Dec 2022 AMT-Fr | 186,082 | $4.8B | 89.63% | |
| 146 | —iShares iBonds Dec 2021 AMT-Fr | 185,610 | $4.7B | 88.82% | |
| 147 | MUBiShares National AMT-Free Muni | 41,117 | $4.5B | 84.30% | |
| 148 | KAIKadant Inc | 52,277 | $4.3B | 80.07% | |
| 149 | SPYS&P 500 - SPDR | 16,514 | $4.1B | 77.61% | |
| 150 | —iShares iBonds Dec 2021 Term C | 164,996 | $4.0B | 75.58% | |
| 151 | RMAXRE/MAX Holdings Inc. | 130,169 | $4.0B | 75.28% | |
| 152 | JBTJohn Bean Technologies Corp. | 55,696 | $4.0B | 75.22% | |
| 153 | —Monotype Imaging Holdings Inc. | 256,167 | $4.0B | 74.77% | |
| 154 | —MTS Systems Corp. | 97,819 | $3.9B | 73.83% | |
| 155 | VGKEuropean ETF - Vanguard | 80,333 | $3.9B | 73.45% | |
| 156 | —Neenah Ppaper Inc | 62,851 | $3.7B | 69.64% | |
| 157 | IIIVI3 Verticals Inc | 152,989 | $3.7B | 69.34% | |
| 158 | VBTXVeritex Holdings | 172,368 | $3.7B | 69.30% | |
| 159 | PAHCPhibro Animal Health Corp Clas | 113,980 | $3.7B | 68.92% | |
| 160 | —Cambrex Corp | 94,147 | $3.6B | 66.85% | |
| 161 | MAINMain Street Capital Corp. | 104,474 | $3.5B | 66.42% | |
| 162 | ELFElf Beauty Inc | 406,792 | $3.5B | 66.25% | |
| 163 | VREXVarex Imaging Corp | 146,703 | $3.5B | 65.33% | |
| 164 | BSMYInvesco BulletShares 2025 | 175,876 | $3.5B | 65.03% | |
| 165 | —Luxoft Holding Inc | 108,185 | $3.3B | 61.89% | |
| 166 | MFICApollo Investment Corp. | 250,645 | $3.1B | 58.45% | |
| 167 | TLHiShares Barclays 10-20 Year Tr | 22,577 | $3.0B | 56.68% | |
| 168 | IWNRussell 2000 Value Index - iSh | 27,941 | $3.0B | 56.51% | |
| 169 | BIZDVanEck Vectors BDC Income ETF | 211,795 | $3.0B | 55.93% | |
| 170 | PTBPotbelly Corp. | 367,315 | $3.0B | 55.61% | |
| 171 | IPHSEURInnophos Holdings Inc | 119,672 | $2.9B | 55.19% | |
| 172 | IAUiShares iBonds Dec 2023 Term C | 117,437 | $2.8B | 53.43% | |
| 173 | IBDTiShares iBonds Dec 2028 Term C | 108,832 | $2.7B | 51.06% | |
| 174 | VWOVanguard MSCI Emerging Markets | 70,579 | $2.7B | 50.57% | |
| 175 | IVVS&P 500 Index Fund - iShares | 9,957 | $2.5B | 47.11% | |
| 176 | ICLRIcon PLC | 17,602 | $2.3B | 42.76% | |
| 177 | CSWCCapital Southwest Corp. | 113,942 | $2.2B | 41.18% | |
| 178 | GOOGLAlphabet Inc. - Class A | 1,995 | $2.1B | 39.21% | |
| 179 | USCRUS Concrete Inc | 57,812 | $2.0B | 38.36% | |
| 180 | WCNWaste Connections, INC. | 22,269 | $1.7B | 31.10% | |
| 181 | LVMUYLVMH Moet Hennessy Louis Vuitt | 27,148 | $1.6B | 30.14% | |
| 182 | PFLTPennantPark Floating Rate Capi | 138,155 | $1.6B | 30.05% | |
| 183 | SHOPShopify Inc | 11,079 | $1.5B | 28.85% | |
| 184 | BRK-BBerkshire Hathaway Inc. - Clas | 5 | $1.5B | 28.77% | |
| 185 | AGGBarclays Aggregate Bond Fund - | 13,707 | $1.5B | 27.46% | |
| 186 | RIORio Tinto PLC | 28,924 | $1.4B | 26.37% | |
| 187 | SONYSony Corp. ADS | 28,265 | $1.4B | 25.67% | |
| 188 | IYFDow Jones US Financial Sector | 12,373 | $1.3B | 24.75% | |
| 189 | FSC1EUROaktree Specialty Lending Corp | 310,871 | $1.3B | 24.73% | |
| 190 | AAGIYAIA Group Lrd | 38,302 | $1.3B | 23.92% | |
| 191 | —DBS GROUP HOLDINGS-SPON ADR | 17,997 | $1.3B | 23.53% | |
| 192 | NATHNathan's Famous Inc | 18,816 | $1.3B | 23.51% | |
| 193 | RDS/ARoyal Dutch Shell PLC - Cl A | 21,413 | $1.2B | 23.47% | |
| 194 | MCCUSDMedley Capital Corp. | 466,714 | $1.2B | 23.34% | |
| 195 | REZiShares Residential Real Estat | 19,566 | $1.2B | 22.94% | |
| 196 | ESLTElbit Systems Ltd | 10,499 | $1.2B | 22.51% | |
| 197 | —KCAP Financial Inc | 340,472 | $1.2B | 22.15% | |
| 198 | DSDVYDSV A/S-Unsponsored ADR | 35,135 | $1.2B | 21.72% | |
| 199 | BABAAlibaba Group Holding Ltd | 8,422 | $1.2B | 21.70% | |
| 200 | XLBMaterials Select Sector - SPDR | 22,532 | $1.1B | 21.40% |