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 |
|---|---|---|---|---|---|
| 201 | —Alcentra Capital Corporation | 172,787 | $1.1B | 21.02% | |
| 202 | ECEcopetrol SA | 68,465 | $1.1B | 20.44% | |
| 203 | BPBP PLC (Adr 1:6) | 28,593 | $1.1B | 20.38% | |
| 204 | ULUnilever Plc | 20,310 | $1.1B | 19.95% | |
| 205 | TCEHYTencent Holdings LTD | 26,376 | $1.1B | 19.90% | |
| 206 | XLEEnergy Select Sector - SPDR | 18,280 | $1.0B | 19.71% | |
| 207 | CYBRCyberark Software Ltd | 14,069 | $1.0B | 19.61% | |
| 208 | SMFGSumitomo Mitsui-Spons ADR | 156,654 | $1.0B | 19.18% | |
| 209 | EQNREquinor ASA | 47,898 | $1.0B | 19.07% | |
| 210 | —Solar Senior Capital Ltd. | 66,541 | $1.0B | 18.92% | |
| 211 | UOVEYUnited Overseas Bank Limited | 27,899 | $1.0B | 18.92% | |
| 212 | —CM Finance Inc. | 159,386 | $997.0M | 18.75% | |
| 213 | SAPSAP AG - ADS | 9,993 | $995.0M | 18.71% | |
| 214 | CNRCanadian National Railway | 13,300 | $986.0M | 18.54% | |
| 215 | EEMSiShares MSCI Emerging Markets | 23,160 | $968.0M | 18.20% | |
| 216 | APTVAPTIV PLC | 15,543 | $957.0M | 18.00% | |
| 217 | ZTOZTO Express Cayman Inc | 58,518 | $926.0M | 17.41% | |
| 218 | TECK/BTeck Resources Limited | 42,377 | $913.0M | 17.17% | |
| 219 | IXOrix Corp. ADS | 12,431 | $889.0M | 16.72% | |
| 220 | MUFGMitsubishi UFJ Financial | 166,690 | $812.0M | 15.27% | |
| 221 | VVisa, Inc. - A | 6,117 | $807.0M | 15.18% | |
| 222 | JPMJP Morgan Chase & Company | 8,251 | $805.0M | 15.14% | |
| 223 | FANUYFanuc Ltd. ADS | 52,525 | $798.0M | 15.01% | |
| 224 | KBKB Financial Group Inc | 18,242 | $766.0M | 14.40% | |
| 225 | FMSFresenius Medical Care AG & Co | 23,167 | $750.0M | 14.10% | |
| 226 | —Capstead Mortgage Corp. | 111,884 | $747.0M | 14.05% | |
| 227 | KMTUYKOMATSU LTD | 33,448 | $721.0M | 13.56% | |
| 228 | NTDOYNintendo Co. Ltd. ADS | 21,369 | $713.0M | 13.41% | |
| 229 | TSMTaiwan Semiconductor Manufactu | 18,142 | $670.0M | 12.60% | |
| 230 | INGING Groep NV | 58,917 | $628.0M | 11.81% | |
| 231 | CULPCulp Inc. | 32,279 | $610.0M | 11.47% | |
| 232 | BROBrown & Brown Inc. | 21,390 | $590.0M | 11.10% | |
| 233 | JAZZJazz Pharmaceuticals Plc | 4,660 | $578.0M | 10.87% | |
| 234 | SNNSmith & Nephew (Adr 1:5) | 14,838 | $555.0M | 10.44% | |
| 235 | ITMMarket Vectors Int Muni Index | 11,547 | $548.0M | 10.31% | |
| 236 | VNQREIT Index - Vanguard | 7,148 | $533.0M | 10.02% | |
| 237 | PYPLPayPal Holdings, Inc. | 5,995 | $504.0M | 9.48% | |
| 238 | FSPFranklin Street Properties Cor | 80,000 | $498.0M | 9.37% | |
| 239 | EOGEOG Resources | 5,508 | $480.0M | 9.03% | |
| 240 | SSDOYShiseido Co Ltd | 7,546 | $474.0M | 8.91% | |
| 241 | TTENTotal SA - ADR | 8,913 | $465.0M | 8.74% | |
| 242 | BLKCHFBlackRock, Inc. | 1,169 | $459.0M | 8.63% | |
| 243 | ADPAutomatic Data Processing, Inc | 3,482 | $457.0M | 8.59% | |
| 244 | EFAMSCI EAFE Index Fund - iShares | 7,498 | $441.0M | 8.29% | |
| 245 | LZRFYLocaliza Rent a Car SA | 53,842 | $413.0M | 7.77% | |
| 246 | ITUBItau Unibanco Holding S/A ADS | 42,529 | $389.0M | 7.32% | |
| 247 | CEOCNOOC Ltd. | 2,541 | $387.0M | 7.28% | |
| 248 | ABTAbbott Laboratories | 5,326 | $385.0M | 7.24% | |
| 249 | HDBHDFC Bank Ltd | 3,646 | $378.0M | 7.11% | |
| 250 | —Manatuck Hill Mariner Offshore | 2,345 | $373.0M | 7.01% | |
| 251 | LVLNSPDR KBW REGIONAL BA | 7,981 | $373.0M | 7.01% | |
| 252 | BACBank of America Corp. | 14,879 | $367.0M | 6.90% | |
| 253 | TKCTurkcell Iletisim Hizmetleri A | 64,933 | $365.0M | 6.86% | |
| 254 | BAPCREDICORP LTD | 1,618 | $359.0M | 6.75% | |
| 255 | HYGHigh Yield Corporate Bond Fund | 4,352 | $353.0M | 6.64% | |
| 256 | HTHTHuazhu Group Ltd. | 12,103 | $347.0M | 6.53% | |
| 257 | IWMRussell 2000 Index Fund - iSha | 2,521 | $338.0M | 6.36% | |
| 258 | BBDBanco Bradesco S.A. | 34,038 | $337.0M | 6.34% | |
| 259 | WMMVYWalmart De-Mexico-Spon ADR V | 13,293 | $337.0M | 6.34% | |
| 260 | COSTCostco Wholesale Corporation | 1,638 | $334.0M | 6.28% | |
| 261 | STTBarclays Capital High Yield Bo | 9,811 | $330.0M | 6.21% | |
| 262 | IWORussell 2000 Growth Index - iS | 1,953 | $328.0M | 6.17% | |
| 263 | NEENextEra Energy, Inc. | 1,829 | $318.0M | 5.98% | |
| 264 | RGLDRoyal Gold, Inc. | 3,669 | $314.0M | 5.90% | |
| 265 | AAPLApple Inc. | 1,981 | $312.0M | 5.87% | |
| 266 | MLCOMelco Resorts & Entertainment | 17,018 | $300.0M | 5.64% | |
| 267 | MLB1MERCADOLIBRE INC | 1,022 | $299.0M | 5.62% | |
| 268 | AMZNAmazon.com, Inc. | 198 | $297.0M | 5.59% | |
| 269 | UI2Kemper Corp. | 4,470 | $297.0M | 5.59% | |
| 270 | —Woori Bank | 7,024 | $296.0M | 5.57% | |
| 271 | CSCOCisco Systems, Inc. | 6,820 | $296.0M | 5.57% | |
| 272 | —Cia Brasileira de Distribuicao | 13,935 | $289.0M | 5.43% | |
| 273 | NBISYandex NV | 10,485 | $287.0M | 5.40% | |
| 274 | PPLTAberdeen Standard Physical Pla | 3,812 | $287.0M | 5.40% | |
| 275 | FNVFranco-Nevada Corp. | 4,072 | $286.0M | 5.38% | |
| 276 | CHLUSDChina Mobile Limited | 5,948 | $286.0M | 5.38% | |
| 277 | LLYEli Lilly & Co. | 2,418 | $280.0M | 5.27% | |
| 278 | SQMSoc Quimica Y Minera Chile (Ad | 7,260 | $278.0M | 5.23% | |
| 279 | SEASeabridge Gold Inc. | 20,902 | $277.0M | 5.21% | |
| 280 | HONHoneywell International, Inc. | 2,057 | $272.0M | 5.12% | |
| 281 | FMXFOMENTO ECONOMICO MEXICANO, S. | 3,081 | $265.0M | 4.98% | |
| 282 | MINTPimco Enhanced Short Maturity | 2,585 | $261.0M | 4.91% | |
| 283 | XNGSYENN Energy Holdings Ltd | 7,340 | $260.0M | 4.89% | |
| 284 | PBRPetrobras Petroleo Brasileiro | 19,338 | $252.0M | 4.74% | |
| 285 | WECWisconsin Energy Corp. | 3,629 | $251.0M | 4.72% | |
| 286 | WPMWheaton Precious Metals Corp | 12,715 | $248.0M | 4.66% | |
| 287 | IJRS&P SmallCap 600 Index Fund - | 3,515 | $244.0M | 4.59% | |
| 288 | GQ9Gold Shares - SPDR | 1,974 | $239.0M | 4.49% | |
| 289 | FLOTiShares Floating Rate Note Fun | 4,755 | $239.0M | 4.49% | |
| 290 | BIDUNBaidu Inc. ADS | 1,498 | $238.0M | 4.48% | |
| 291 | DWDMorgan Stanley | 5,930 | $235.0M | 4.42% | |
| 292 | BYDDYByd Company Limited Adr | 18,116 | $231.0M | 4.34% | |
| 293 | NATHNathan's Famous Inc | 3,409 | $227.0M | 4.27% | |
| 294 | IJHS&P MIDCap 400 Index Fund - iS | 1,351 | $224.0M | 4.21% | |
| 295 | PSXPhillips 66 | 2,502 | $216.0M | 4.06% | |
| 296 | OREUROsisko Gold Royalties Ltd | 21,752 | $191.0M | 3.59% | |
| 297 | BSXGFBelo Sun Mining Corp Com NPV | 635,766 | $179.0M | 3.37% | |
| 298 | SLVSilver Trust - iShares | 11,602 | $168.0M | 3.16% | |
| 299 | —Harvest Capital Credit Corp | 16,699 | $168.0M | 3.16% | |
| 300 | TXGTorex Gold Res Inc | 16,641 | $158.0M | 2.97% |