CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2025 Filing
Filed July 1, 2025
Portfolio Value
$7.1B
Holdings
287
Report Date
Q2 2025
Filing Type
13F-HR
All Holdings (287 positions)
| Stock | Value |
|---|---|
CNRCore Natural Resources Inc. | $1.1M |
WTWWillis Towers Watson plc | $1.0M |
CHGCYChugai Pharms Co. Ltd. | $1.0M |
HYMBSPDR Nuveen S&P High Yield Mun | $1.0M |
IBMPiShares iBonds Dec 2027 Term M | $1.0M |
SHELShell plc | $985K |
BNPQYBNP Paribas S.A. | $973K |
SHOPShopify Inc. | $965K |
ASMLASML Holding N.V. | $945K |
TTNDYTechtronic Industries Co. Ltd. | $941K |
ACNAccenture plc | $932K |
FNVFranco-Nevada Corp. | $925K |
ITOCYITOCHU Corp. | $904K |
LRLCYL'Oreal S.A. | $902K |
IAU*iShares Gold Trust ETF | $898K |
IWNiShares Russell 2000 Value ETF | $886K |
HLNHaleon plc | $875K |
KBDCKayne Anderson BDC | $856K |
RGLDRoyal Gold Inc. | $856K |
ULUnilever plc | $840K |
PPLTAberdeen Standard Physical Pla | $833K |
TRINTrinity Capital Inc. | $831K |
EXEExpand Energy Corp. | $820K |
WMMVYWal-Mart de Mexico S.A.B. de C | $791K |
ARAntero Resources Corp. | $789K |
NVONovo Nordisk A.S. | $785K |
TTENTotalEnergies S.E. | $779K |
AXPAmerican Express Co. | $766K |
NEMNewmont Mining Corp. | $736K |
SLViShares Silver Trust ETF | $735K |
AGIAlamos Gold Inc. | $717K |
—Antofagasta plc | $711K |
VMCVulcan Materials Co. | $700K |
MITSYMitsui & Co. Ltd. | $694K |
XOMExxon Mobil Corp. | $668K |
KMTUYKomatsu Ltd. | $642K |
FCXFreeport-McMoRan Inc. | $641K |
RHHBYRoche Holding A.G. | $621K |
SCCOSouthern Copper Corp. | $605K |
ICLRICON plc | $601K |
CTRACoterra Energy Inc. | $599K |
CWCurtiss-Wright Corp. | $567K |
IWDiShares Russell 1000 Value ETF | $564K |
JJSFJ & J Snack Foods Corp. | $545K |
MMYTMakeMyTrip Ltd. | $536K |
CCOCameco Corp. | $516K |
LVMUYLVMH Moet Hennessy Louis Vuitt | $513K |
JBSSJohn B Sanfilippo & Son Inc. | $509K |
MLB1MercadoLibre Inc. | $497K |
DMLDenison Mines Corp. | $486K |
NXENexGen Energy Ltd | $483K |
U6ZUranium Energy Corp. | $476K |
LUGLundin Gold Inc. | $466K |
VISTVista Energy S.A.B. de C.V. | $411K |
KBKB Financial Group Inc. | $391K |
GFIGold Fields Ltd. | $380K |
—ICICI Bank Ltd. | $368K |
IAUiShares iBonds Dec 2025 Term M | $310K |
PSBDPalmer Square Capital BDC Inc. | $303K |
BSMYInvesco BulletShares 2034 Muni | $298K |
NBISNebius Group N.V. | $289K |
UI2Kemper Corp. | $288K |
FMXFomento Economico Mexicano S.A | $280K |
TCEHYTencent Holdings Ltd. | $279K |
SHGShinhan Financial Group Co. Lt | $265K |
BCICPortman Ridge Finance Corp. | $262K |
A4SAmeriprise Financial Inc. | $256K |
KOFCoca-Cola Femsa S.A.B. de C.V. | $254K |
GQ9SPDR Gold Shares ETF | $242K |
BABAAlibaba Group Holding Ltd. | $237K |
RDYDr Reddy's Laboratories Ltd. | $231K |
GBOOYGrupo Financiero Banorte S.A.B | $225K |
HDBHDFC Bank Ltd. | $221K |
COSTCostco Wholesale Corp. | $219K |
JPMJPMorgan Chase & Co. | $210K |
VVisa Inc. | $209K |
HKXCYHong Kong Exchanges and Cleari | $208K |
BAPCredicorp Ltd. | $201K |
ASXASE Technology Holding Co. Ltd | $187K |
JBSJBS N.V. | $183K |
MSIFMSC Income Fund | $174K |
RWAYRunway Growth Finance Corp | $173K |
PNNTPennantPark Investment Corp. | $168K |
SPGIS&P Global Inc. | $154K |
LOWLowe's Co. Inc. | $130K |
VLRSControladora Vuela Cia de Avia | $120K |
ASAIYSendas Distribuidora S.A. | $118K |
ARCOArcos Dorados Holdings Inc. | $116K |
ECEcopetrol S.A. | $115K |
VALEVale S.A. | $113K |
PTAIYPT Astra International Tbk | $108K |
JJSFJ & J Snack Foods Corp. | $79K |
BROBrown & Brown Inc. | $75K |
JBSSJohn B Sanfilippo & Son Inc. | $69K |
—SPDR Portfolio S&P 500 Value E | $27K |
MDYVSPDR S&P 400 Mid Cap Value ETF | $20K |
REGLProShares S&P MidCap 400 Divid | $20K |
SPYGSPDR Portfolio S&P 500 Growth | $20K |
MDYGSPDR S&P 400 Mid Cap Growth ET | $15K |
SDYSPDR S&P Dividend ETF | $8K |
PreviousPage 3 of 3