CONFLUENCE INVESTMENT MANAGEMENT LLC Q4 2022 Filing
Filed January 4, 2023
Portfolio Value
$6.7B
Holdings
305
Report Date
Q4 2022
Filing Type
13F-HR
All Holdings (305 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | ABXBarrick Gold Corp. | 22,528 | $387.0M | 5.77% | |
| 102 | PNNTPennantPark Investment Corp. | 721,246 | $375.0M | 5.60% | |
| 103 | NTRNutrien Ltd | 5,069 | $370.0M | 5.52% | |
| 104 | TPVGTriplePoint Venture Growth BDC | 140,038 | $365.0M | 5.45% | |
| 105 | AXPAmerican Express Co. | 2,421 | $358.0M | 5.34% | |
| 106 | ALBAlbemarle Corp. | 1,626 | $353.0M | 5.27% | |
| 107 | —Manatuck Hill Mariner Offshore | 1,838 | $352.0M | 5.25% | |
| 108 | SQMSociedad Quimica y Minera de C | 4,248 | $339.0M | 5.06% | |
| 109 | FAROFARO Technologies Inc. | 77,338 | $337.0M | 5.03% | |
| 110 | HDBHDFC Bank Ltd. | 4,894 | $335.0M | 5.00% | |
| 111 | SLViShares Silver Trust ETF | 15,125 | $333.0M | 4.97% | |
| 112 | RMAXRE/MAX Holdings Inc. | 586,460 | $324.0M | 4.83% | |
| 113 | VISTVista Energy S.A.B. de C.V. | 20,661 | $324.0M | 4.83% | |
| 114 | RYNRayonier Inc. | 2,964,479 | $318.1M | 4.75% | |
| 115 | SWN1EURSouthwestern Energy Co. | 54,224 | $317.0M | 4.73% | |
| 116 | SHOPShopify Inc. | 8,955 | $311.0M | 4.64% | |
| 117 | U6ZUranium Energy Corp. | 79,628 | $309.0M | 4.61% | |
| 118 | COSTCostco Wholesale Corp. | 674 | $308.0M | 4.60% | |
| 119 | —ICICI Bank Ltd. | 13,941 | $305.0M | 4.55% | |
| 120 | WXXWYWuxi Biologics Cayman Inc. | 20,112 | $303.0M | 4.52% | |
| 121 | ZTOZTO Express Cayman Inc. | 11,253 | $302.0M | 4.51% | |
| 122 | VVisa Inc. | 1,430 | $297.0M | 4.43% | |
| 123 | MMYTMakeMyTrip Ltd. | 10,785 | $297.0M | 4.43% | |
| 124 | XNGSYENN Energy Holdings Ltd. | 5,268 | $293.0M | 4.37% | |
| 125 | ZNHUSDChina Southern Airlines Co Ltd | 8,933 | $289.0M | 4.31% | |
| 126 | DMLDenison Mines Corp. | 242,449 | $279.0M | 4.16% | |
| 127 | WNSNWNS Holdings Ltd. | 3,450 | $276.0M | 4.12% | |
| 128 | IAUiShares iBonds Dec 2025 Term M | 10,002 | $264.0M | 3.94% | |
| 129 | IBMOiShares iBonds Dec 2026 Term M | 10,436 | $263.0M | 3.92% | |
| 130 | IBMPiShares iBonds Dec 2027 Term M | 10,440 | $262.0M | 3.91% | |
| 131 | YUMCYum China Holdings Inc. | 4,745 | $259.0M | 3.86% | |
| 132 | GOOGLAlphabet Inc. | 2,940 | $259.0M | 3.86% | |
| 133 | TCEHYTencent Holdings Ltd. | 6,031 | $255.0M | 3.80% | |
| 134 | JPMJPMorgan Chase & Co. | 1,872 | $251.0M | 3.75% | |
| 135 | MLB1MercadoLibre Inc. | 297 | $251.0M | 3.75% | |
| 136 | HONHoneywell International Inc. | 1,166 | $250.0M | 3.73% | |
| 137 | AAGIYAIA Group Ltd. | 5,513 | $245.0M | 3.66% | |
| 138 | BSMUInvesco BulletShares 2030 Muni | 11,309 | $245.0M | 3.66% | |
| 139 | LZRFYLocaliza Rent a Car S.A. | 24,729 | $244.0M | 3.64% | |
| 140 | FMXFomento Economico Mexicano S.A | 3,126 | $244.0M | 3.64% | |
| 141 | BSMYInvesco BulletShares 2031 Muni | 11,670 | $242.0M | 3.61% | |
| 142 | HTHTH World Group Ltd. | 5,658 | $240.0M | 3.58% | |
| 143 | VALEVale S.A. | 14,094 | $239.0M | 3.57% | |
| 144 | GQ9SPDR Gold Shares ETF | 1,402 | $238.0M | 3.55% | |
| 145 | KBKB Financial Group Inc. | 6,089 | $235.0M | 3.51% | |
| 146 | GFIGold Fields Ltd. | 22,586 | $234.0M | 3.49% | |
| 147 | NVDANVIDIA Corp. | 1,585 | $232.0M | 3.46% | |
| 148 | VWOVanguard Emerging Markets Stoc | 5,909 | $230.0M | 3.43% | |
| 149 | ASAIYSendas Distribuidora S.A. | 12,413 | $227.0M | 3.39% | |
| 150 | GBOOYGrupo Financiero Banorte S.A.B | 6,272 | $225.0M | 3.36% | |
| 151 | RDYDr Reddy's Laboratories Ltd. | 4,279 | $221.0M | 3.30% | |
| 152 | UI2Kemper Corp. | 4,499 | $221.0M | 3.30% | |
| 153 | SCMStellus Capital Investment Cor | 212,318 | $203.0M | 3.03% | |
| 154 | MKLMarkel Corp. | 47,639 | $198.1M | 2.96% | |
| 155 | PTAIYPT Astra International Tbk | 21,206 | $150.0M | 2.24% | |
| 156 | C1B2Cia Brasileira de Distribuicao | 48,474 | $150.0M | 2.24% | |
| 157 | ECEcopetrol S.A. | 14,069 | $147.0M | 2.19% | |
| 158 | CFRUYCie Financiere Richemont S.A. | 11,007 | $142.0M | 2.12% | |
| 159 | YJ3AJBS S.A. | 12,484 | $106.0M | 1.58% | |
| 160 | PRUPrudential Financial Inc. | 11,218 | $22.0M | 0.33% | |
| 161 | —AGNC Investment Corp. | 111,958 | $20.0M | 0.30% | |
| 162 | PEPPepsiCo Inc. | 1,032,149 | $186K | 0.00% | |
| 163 | PGRProgressive Corp. | 1,291,221 | $167K | 0.00% | |
| 164 | LMTLockheed Martin Corp. | 338,151 | $164K | 0.00% | |
| 165 | DEODiageo plc | 881,686 | $157K | 0.00% | |
| 166 | CBChubb Ltd. | 699,167 | $154K | 0.00% | |
| 167 | SNASnap-on Inc. | 655,676 | $149K | 0.00% | |
| 168 | CVXChevron Corp. | 820,638 | $147K | 0.00% | |
| 169 | PAYXPaychex Inc. | 1,279,791 | $147K | 0.00% | |
| 170 | LINLinde plc | 432,737 | $141K | 0.00% | |
| 171 | ADIAnalog Devices Inc. | 853,916 | $140K | 0.00% | |
| 172 | FASTFastenal Co. | 2,850,345 | $134K | 0.00% | |
| 173 | SOSouthern Co. | 1,882,833 | $134K | 0.00% | |
| 174 | HDHome Depot Inc. | 416,195 | $131K | 0.00% | |
| 175 | MSFTMicrosoft Corp. | 537,177 | $128K | 0.00% | |
| 176 | NSRGYNestle S.A. | 1,093,055 | $126K | 0.00% | |
| 177 | TROWT. Rowe Price Group Inc. | 1,110,166 | $121K | 0.00% | |
| 178 | CLColgate-Palmolive Co. | 1,497,399 | $117K | 0.00% | |
| 179 | GILDGilead Sciences Inc. | 1,345,997 | $115K | 0.00% | |
| 180 | PIIPolaris Inc. | 1,122,571 | $113K | 0.00% | |
| 181 | BRBroadridge Financial Solutions | 816,719 | $109K | 0.00% | |
| 182 | FNFFidelity National Financial In | 2,756,943 | $103K | 0.00% | |
| 183 | NTRSNorthern Trust Corp. | 1,160,092 | $102K | 0.00% | |
| 184 | ETREntergy Corp. | 899,484 | $101K | 0.00% | |
| 185 | 1939900DBrookfield Infrastructure Corp | 2,589,701 | $100K | 0.00% | |
| 186 | KMIKinder Morgan Inc. | 5,536,461 | $100K | 0.00% | |
| 187 | CSCOCisco Systems Inc. | 2,019,638 | $96K | 0.00% | |
| 188 | WYWeyerhaeuser Co. | 2,951,672 | $91K | 0.00% | |
| 189 | DOWDow Inc. | 1,773,946 | $89K | 0.00% | |
| 190 | USBU.S. Bancorp | 1,980,111 | $86K | 0.00% | |
| 191 | TJXTJX Cos. Inc. | 1,049,062 | $83K | 0.00% | |
| 192 | ARCCAres Capital Corp. | 4,528,922 | $83K | 0.00% | |
| 193 | ORCLOracle Corp. | 952,330 | $77K | 0.00% | |
| 194 | MAMastercard Inc. | 217,719 | $75K | 0.00% | |
| 195 | SYKStryker Corp. | 306,775 | $75K | 0.00% | |
| 196 | FQIDigital Realty Trust Inc. | 750,094 | $75K | 0.00% | |
| 197 | SBUXStarbucks Corp. | 736,967 | $73K | 0.00% | |
| 198 | SPGIS&P Global Inc. | 209,155 | $70K | 0.00% | |
| 199 | SLGSL Green Realty Corp. | 2,080,208 | $70K | 0.00% | |
| 200 | GGGGraco Inc. | 1,025,353 | $68K | 0.00% |