CONFLUENCE INVESTMENT MANAGEMENT LLC Q4 2019 Filing

Filed January 29, 2020

Portfolio Value

$6.8B

Holdings

283

Report Date

Q4 2019

Filing Type

13F-HR

All Holdings (283 positions)

StockValue
RDS/ARoyal Dutch Shell PLC - Cl A
$1.2M
APTVAPTIV PLC
$1.1M
WTWWillis Towers Watson Public Lt
$1.1M
DBS GROUP HOLDINGS-SPON ADR
$1.1M
TCEHYTencent Holdings LTD
$1.1M
RIORio Tinto PLC
$1.1M
TLHiShares Barclays 10-20 Year Tr
$1.1M
NMI1EURKirkland Lake Gold Ltd
$1.1M
SAPSAP AG - ADS
$1.1M
MCCUSDMedley Capital Corp.
$1.0M
Solar Senior Capital Ltd.
$991K
CNRCanadian National Railway
$975K
MLCOMelco Resorts & Entertainment
$938K
HDBHDFC Bank Ltd
$938K
ULUnilever Plc
$923K
UOVEYUnited Overseas Bank Limited
$916K
NTDOYNintendo Co. Ltd. ADS
$872K
Capstead Mortgage Corp.
$859K
BPBP PLC (Adr 1:6)
$832K
WMMVYWalmart De-Mexico-Spon ADR V
$809K
BROBrown & Brown Inc.
$777K
MINTPimco Enhanced Short Maturity
$741K
KCAPUSDPortman Ridge Finance Corp
$722K
FANUYFanuc Ltd. ADS
$713K
FSPFranklin Street Properties Cor
$685K
MUFGMitsubishi UFJ Financial
$662K
FMSFresenius Medical Care AG & Co
$630K
PAGSPagseguro Digital Ltd
$606K
SNNSmith & Nephew (Adr 1:5)
$580K
KMTUYKOMATSU LTD
$577K
LZRFYLocaliza Rent a Car SA
$574K
JAZZJazz Pharmaceuticals Plc
$569K
EFAMSCI EAFE Index Fund - iShares
$564K
IVVS&P 500 Index Fund - iShares
$538K
GBILGoldman Sachs Treasury Access
$499K
ITMMarket Vectors Int Muni Index
$498K
VVisa, Inc. - A
$489K
ECEcopetrol SA
$481K
HTHTHuazhu Group Ltd.
$467K
NBISYandex NV
$444K
BACBank of America Corp.
$436K
SSDOYShiseido Co Ltd
$431K
JPMJP Morgan Chase & Company
$412K
IJSS&P SmallCap 600 Value Index F
$403K
CEOCNOOC Ltd.
$389K
MLB1MERCADOLIBRE INC
$373K
Manatuck Hill Mariner Offshore
$365K
RGLDRoyal Gold, Inc.
$360K
TTENTotal SA - ADR
$355K
BBDBanco Bradesco S.A.
$352K
UI2Kemper Corp.
$346K
PAASPan American Silver Corp
$336K
NATHNathan's Famous Inc
$330K
BAPCREDICORP LTD
$329K
XNGSYENN Energy Holdings Ltd
$327K
WNSNWNS Holdings Ltd
$322K
PYPLPayPal Holdings, Inc.
$319K
LLYEli Lilly & Co.
$315K
YUMCYum China Holdings Inc
$314K
ITUBItau Unibanco Holding S/A ADS
$310K
AAPLApple Inc.
$302K
PBRPetrobras Petroleo Brasileiro
$298K
IJRS&P SmallCap 600 Index Fund -
$295K
Cia Brasileira de Distribuicao
$294K
Leagold Mining Corp
$289K
IJTS&P SmallCap 600 Growth Index
$286K
TXGTorex Gold Res Inc
$281K
FMXFOMENTO ECONOMICO MEXICANO, S.
$281K
MMC Norilsk Nickel
$280K
KBKB Financial Group Inc
$272K
AYS1Sandstorm Gold Ltd.
$269K
GQ9Gold Shares - SPDR
$264K
LTHM1EURLivent Corp
$249K
SEASeabridge Gold Inc.
$248K
FLOTiShares Floating Rate Note Fun
$242K
GBOOYGrupo Financiero ADR
$233K
COSTCostco Wholesale Corporation
$230K
CHLUSDChina Mobile Limited
$228K
WFCWells Fargo & Company
$215K
ICICI Bank Ltd. ADS
$208K
LYSDYLynas Corp Ltd
$190K
TMETencent Music Entertainment Gr
$185K
CCOCameco Corp.
$161K
MQ8MAG Silver Corp
$159K
Premier US Government Money
$14K
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