CONFLUENCE INVESTMENT MANAGEMENT LLC Q1 2020 Filing

Filed April 8, 2020

Portfolio Value

$5.2B

Holdings

291

Report Date

Q1 2020

Filing Type

13F-HR

All Holdings (291 positions)

StockValue
DSDVYDSV Panalpina
$1.1M
CYBRCyberark Software Ltd
$1.1M
ESLTElbit Systems Ltd
$1.1M
CSWCCapital Southwest Corp.
$1.1M
HYGHigh Yield Corporate Bond Fund
$1.0M
WTWWillis Towers Watson Public Lt
$1.0M
RIORio Tinto PLC
$1.0M
IWNRussell 2000 Value Index - iSh
$933K
CNRCanadian National Railway
$925K
SAPSAP AG - ADS
$884K
ULUnilever Plc
$881K
NMI1EURKirkland Lake Gold Ltd
$863K
NTDOYNintendo Co. Ltd. ADS
$849K
FSC1EUROaktree Specialty Lending Corp
$848K
IAUiShares iBonds Dec 2023 Term C
$831K
CCAPCrescent Capital BDC, Inc.
$823K
MAINMain Street Capital Corp.
$768K
DBS GROUP HOLDINGS-SPON ADR
$745K
RDS/ARoyal Dutch Shell PLC - Cl A
$741K
BROBrown & Brown Inc.
$729K
BCSFBain Capital Specialty Finance
$725K
MINTPimco Enhanced Short Maturity
$722K
PFLTPennantPark Floating Rate Capi
$701K
UOVEYUnited Overseas Bank Limited
$639K
BPBP PLC (Adr 1:6)
$615K
APTVAPTIV PLC
$600K
FSPFranklin Street Properties Cor
$587K
FANUYFanuc Ltd. ADS
$584K
HDBHDFC Bank Ltd
$568K
SLVSilver Trust - iShares
$553K
TLHiShares Barclays 10-20 Year Tr
$536K
Solar Senior Capital Ltd.
$529K
IWDRussell 1000 Value Index - iSh
$522K
VUSXXVanguard Treasury Money Market
$520K
MUFGMitsubishi UFJ Financial
$516K
GBILGoldman Sachs Treasury Access
$502K
Capstead Mortgage Corp.
$467K
MLCOMelco Resorts & Entertainment
$464K
KMTUYKOMATSU LTD
$464K
VVisa, Inc. - A
$419K
JAZZJazz Pharmaceuticals Plc
$382K
PAGSPagseguro Digital Ltd
$380K
SSDOYShiseido Co Ltd
$358K
VIPSVipshop Holdings Ltd
$348K
NBISYandex NV
$337K
Manatuck Hill Mariner Offshore
$335K
LLYEli Lilly & Co.
$333K
UI2Kemper Corp.
$332K
HTHTHuazhu Group Ltd.
$325K
ICMBInvestcorp Credit Management B
$319K
KCAPUSDPortman Ridge Finance Corp
$319K
NATHNathan's Famous Inc
$312K
MLB1MERCADOLIBRE INC
$312K
XNGSYENN Energy Holdings Ltd
$279K
SNPUSDChina Petroleum & Chemical Co
$277K
AAPLApple Inc.
$277K
YUMCYum China Holdings Inc
$274K
TTENTotal SA - ADR
$274K
MCCUSDMedley Capital Corp.
$271K
JPMJP Morgan Chase & Company
$269K
COSTCostco Wholesale Corporation
$248K
CEOCNOOC Ltd.
$239K
RGLDRoyal Gold, Inc.
$237K
FLOTiShares Floating Rate Note Fun
$232K
NVDANVIDIA Corp.
$229K
EQXEquinox Gold
$229K
ZNHUSDChina Southern Airlines Co Ltd
$229K
GQ9Gold Shares - SPDR
$224K
MMC Norilsk Nickel
$217K
BAPCREDICORP LTD
$216K
CHLUSDChina Mobile Limited
$213K
BACBank of America Corp.
$211K
WNSNWNS Holdings Ltd
$204K
PYPLPayPal Holdings, Inc.
$203K
ABXBarrick Gold ORD Shrs
$203K
PAASPan American Silver Corp
$190K
SIL1EURSilverCrest Metals Inc
$177K
TMETencent Music Entertainment Gr
$175K
AYS1Sandstorm Gold Ltd.
$168K
C1B2Cia Brasileira de Distribuicao
$166K
TXGTorex Gold Res Inc
$161K
SEASeabridge Gold Inc.
$157K
BBDBanco Bradesco S.A.
$155K
ECEcopetrol SA
$154K
ITUBItau Unibanco Holding S/A ADS
$148K
CCOCameco Corp.
$129K
LZRFYLocaliza Rent a Car SA
$120K
OREUROsisko Gold Royalties Ltd
$117K
FCXFreeport-McMoRan Copper & Gold
$114K
ICICI Bank Ltd. ADS
$114K
TECK/BTeck Resources Limited
$112K
LYSDYLynas Corp Ltd
$93K
PBRPetrobras Petroleo Brasileiro
$58K
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