CONFLUENCE INVESTMENT MANAGEMENT LLC Q4 2025 Filing
Filed January 5, 2026
Portfolio Value
$6.7B
Holdings
296
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (296 positions)
| Stock | Value |
|---|---|
FNVFranco-Nevada Corp. | $1.2B |
FSPFranklin Street Properties Cor | $1.2B |
BNPQYBNP Paribas S.A. | $1.2B |
NTDOYNintendo Co. Ltd. | $1.1B |
BABAAlibaba Group Holding Ltd. | $1.1B |
FCXFreeport-McMoRan Inc. | $1.1B |
TTNDYTechtronic Industries Co. Ltd. | $1.1B |
CNNECannae Holdings Inc. | $1.1B |
ENOVEnovis Corp. | $1.1B |
HKXCYHong Kong Exchanges and Cleari | $1.1B |
EQTEQT Corp. | $1.1B |
EXEExpand Energy Corp. | $1.1B |
SLRCSLR Investment Corp. | $1.1B |
XOMExxon Mobil Corp. | $1.1B |
MH6ATokio Marine Holdings Inc. | $1.1B |
RNMBYRheinmetall AG | $1.1B |
LRLCYL'Oreal S.A. | $1.0B |
VMCVulcan Materials Co. | $1.0B |
HLNHaleon plc | $1.0B |
ESABESAB Corp. | $996.0M |
CCAPCrescent Capital BDC Inc. | $992.0M |
ARAntero Resources Corp. | $986.0M |
TTETotalEnergies S.E. | $985.0M |
MRTNMarten Transport Ltd. | $983.0M |
NCDLNuveen Churchill Direct Lendin | $971.0M |
RHHBYRoche Holding A.G. | $961.0M |
CTRACoterra Energy Inc. | $961.0M |
ULUnilever plc | $934.0M |
LUGLundin Gold Inc. | $930.0M |
LVMUYLVMH Moet Hennessy Louis Vuitt | $922.0M |
JBSSJohn B Sanfilippo & Son Inc. | $920.0M |
ICLRICON plc | $915.0M |
U6ZUranium Energy Corp. | $913.0M |
SESea Ltd. | $908.0M |
AXPAmerican Express Co. | $887.0M |
DMLDenison Mines Corp. | $854.0M |
PBDCPutnam BDC Income ETF | $845.0M |
NXENexGen Energy Ltd | $829.0M |
CCOCameco Corp. | $815.0M |
IBMPiShares iBonds Dec 2027 Term M | $806.0M |
WMMVYWal-Mart de Mexico S.A.B. de C | $796.0M |
JJSFJ & J Snack Foods Corp. | $750.0M |
KMTUYKomatsu Ltd. | $747.0M |
SBSWSibanye Stillwater Ltd. | $709.0M |
GSBDGoldman Sachs BDC Inc. | $703.0M |
GFIGold Fields Ltd. | $670.0M |
KBDCKayne Anderson BDC | $664.0M |
NVONovo Nordisk A.S. | $663.0M |
TRINTrinity Capital Inc. | $655.0M |
CWCurtiss-Wright Corp. | $639.0M |
VISTVista Energy S.A.B. de C.V. | $402.0M |
KBKB Financial Group Inc. | $392.0M |
LYSDYLynas Rare Earths Ltd. | $360.0M |
ASXASE Technology Holding Co. Ltd | $341.0M |
IBMOiShares iBonds Dec 2026 Term M | $330.0M |
MSIFMSC Income Fund | $330.0M |
KOFCoca-Cola Femsa S.A.B. de C.V. | $321.0M |
TCEHYTencent Holdings Ltd. | $317.0M |
—ICICI Bank Ltd. | $315.0M |
EADSYAirbus SE | $314.0M |
GQ9SPDR Gold Shares ETF | $307.0M |
SHGShinhan Financial Group Co. Lt | $304.0M |
MMYTMakeMyTrip Ltd. | $300.0M |
WTWWillis Towers Watson plc | $299.0M |
PSBDPalmer Square Capital BDC Inc. | $285.0M |
BCICBCP Investment Corp. | $284.0M |
AQLTiShares Core MSCI EAFE ETF | $283.0M |
HTHTH World Group Ltd. | $279.0M |
MPMP Materials Corp. | $274.0M |
AVLCAvantis US Large Cap Equity ET | $271.0M |
JJSFJ & J Snack Foods Corp. | $271.0M |
FMXFomento Economico Mexicano S.A | $266.0M |
YUMCYum China Holdings Inc. | $259.0M |
—Ramaco Resources Inc | $257.0M |
ZTOZTO Express Cayman Inc. | $253.0M |
HDBHDFC Bank Ltd. | $252.0M |
INFYInfosys Ltd. | $251.0M |
MLB1MercadoLibre Inc. | $249.0M |
BAPCredicorp Ltd. | $247.0M |
A4SAmeriprise Financial Inc. | $235.0M |
JBSJBS N.V. | $229.0M |
BIDUNBaidu Inc. | $227.0M |
CPACopa Holdings SA | $226.0M |
GBOOYGrupo Financiero Banorte S.A.B | $221.0M |
JPMJPMorgan Chase & Co. | $220.0M |
NVDANVIDIA Corp. | $212.0M |
VLRSControladora Vuela Cia de Avia | $209.0M |
TLTiShares 20Plus Year Treasury B | $209.0M |
RDYDr Reddy's Laboratories Ltd. | $207.0M |
—Infineon Technologies A.G. | $203.0M |
NBISNebius Group N.V. | $200.0M |
VVisa Inc. | $200.0M |
SPGIS&P Global Inc. | $184.0M |
LOWLowe's Co. Inc. | $178.0M |
PNNTPennantPark Investment Corp. | $165.0M |
PTAIYPT Astra International Tbk | $151.0M |
RWAYRunway Growth Finance Corp. | $146.0M |
JBSSJohn B Sanfilippo & Son Inc. | $140.0M |
ECEcopetrol S.A. | $108.0M |
BROBrown & Brown Inc. | $103.0M |