CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2019 Filing

Filed October 15, 2019

Portfolio Value

$6.4T

Holdings

286

Report Date

Q3 2019

Filing Type

13F-HR

All Holdings (286 positions)

#StockSharesValue% PortfolioType
201
IAUiShares iBonds Dec 2023 Term C
47,527$1.2B0.02%
202
RDS/ARoyal Dutch Shell PLC - Cl A
20,626$1.2B0.02%
203
MCCUSDMedley Capital Corp.
466,714$1.2B0.02%
204
APTVAPTIV PLC
13,470$1.2B0.02%
205
VNQREIT Index - Vanguard
12,079$1.1B0.02%
206
ZTOZTO Express Cayman Inc
52,422$1.1B0.02%
207
DBS GROUP HOLDINGS-SPON ADR
15,167$1.1B0.02%
208
ULUnilever Plc
17,232$1.0B0.02%
209
CNRCanadian National Railway
11,410$1.0B0.02%
210
SAPSAP AG - ADS
8,453$996.0M0.02%
211
TCEHYTencent Holdings LTD
23,502$990.0M0.02%
212
PAGSPagseguro Digital Ltd
20,036$928.0M0.01%
213
UOVEYUnited Overseas Bank Limited
24,524$910.0M0.01%
214
MLCOMelco Resorts & Entertainment
45,207$877.0M0.01%
215
NTDOYNintendo Co. Ltd. ADS
18,699$866.0M0.01%
216
FANUYFanuc Ltd. ADS
45,874$863.0M0.01%
217
SMFGSumitomo Mitsui-Spons ADR
121,431$831.0M0.01%
218
ECEcopetrol SA
47,289$805.0M0.01%
219
Capstead Mortgage Corp.
108,500$797.0M0.01%
220
TSMTaiwan Semiconductor Manufactu
16,580$771.0M0.01%
221
KCAPUSDPortman Ridge Finance Corp
340,472$766.0M0.01%
222
MUFGMitsubishi UFJ Financial
146,354$743.0M0.01%
223
MINTPimco Enhanced Short Maturity
7,291$742.0M0.01%
224
BROBrown & Brown Inc.
19,690$710.0M0.01%
225
EQNREquinor ASA
37,409$709.0M0.01%
226
FMSFresenius Medical Care AG & Co
20,525$689.0M0.01%
227
FSPFranklin Street Properties Cor
80,000$677.0M0.01%
228
KMTUYKOMATSU LTD
29,394$673.0M0.01%
229
VVisa, Inc. - A
3,907$672.0M0.01%
230
SNNSmith & Nephew (Adr 1:5)
12,761$614.0M0.01%
231
LZRFYLocaliza Rent a Car SA
50,072$546.0M0.01%
232
JPMJP Morgan Chase & Company
4,587$540.0M0.01%
233
SSDOYShiseido Co Ltd
6,535$522.0M0.01%
234
JAZZJazz Pharmaceuticals Plc
4,025$516.0M0.01%
235
GBILGoldman Sachs Treasury Access
4,986$500.0M0.01%
236
IVVS&P 500 Index Fund - iShares
1,665$497.0M0.01%
237
PYPLPayPal Holdings, Inc.
4,693$486.0M0.01%
238
AAPLApple Inc.
1,922$431.0M0.01%
239
COSTCostco Wholesale Corporation
1,469$423.0M0.01%
240
HDBHDFC Bank Ltd
6,956$397.0M0.01%
241
TTENTotal SA - ADR
7,609$396.0M0.01%
242
HTHTHuazhu Group Ltd.
11,739$388.0M0.01%
243
HONHoneywell International, Inc.
2,201$372.0M0.01%
244
Manatuck Hill Mariner Offshore
2,343$372.0M0.01%
245
BACBank of America Corp.
12,616$368.0M0.01%
246
CEOCNOOC Ltd.
2,370$361.0M0.01%
247
MLB1MERCADOLIBRE INC
654$361.0M0.01%
248
WMMVYWalmart De-Mexico-Spon ADR V
12,130$359.0M0.01%
249
NBISYandex NV
10,212$358.0M0.01%
250
UI2Kemper Corp.
4,470$348.0M0.01%
251
ITUBItau Unibanco Holding S/A ADS
41,226$347.0M0.01%
252
AMZNAmazon.com, Inc.
193$335.0M0.01%
253
NATHNathan's Famous Inc
4,659$335.0M0.01%
254
BAPCREDICORP LTD
1,542$321.0M0.01%
255
BBDBanco Bradesco S.A.
39,325$320.0M0.00%
256
XNGSYENN Energy Holdings Ltd
7,473$309.0M0.00%
257
NVDANVIDIA Corp.
1,753$305.0M0.00%
258
BLKCHFBlackRock, Inc.
675$301.0M0.00%
259
EOGEOG Resources
4,010$298.0M0.00%
260
RGLDRoyal Gold, Inc.
2,387$294.0M0.00%
261
WNSNWNS Holdings Ltd
4,864$286.0M0.00%
262
IJRS&P SmallCap 600 Index Fund -
3,515$274.0M0.00%
263
FMXFOMENTO ECONOMICO MEXICANO, S.
2,977$273.0M0.00%
264
LRCXEURLam Research Corporation
1,183$273.0M0.00%
265
ADPAutomatic Data Processing, Inc
1,678$271.0M0.00%
266
PBRPetrobras Petroleo Brasileiro
18,713$271.0M0.00%
267
LLYEli Lilly & Co.
2,400$268.0M0.00%
268
Cia Brasileira de Distribuicao
13,429$258.0M0.00%
269
GQ9Gold Shares - SPDR
1,844$256.0M0.00%
270
FLOTiShares Floating Rate Note Fun
4,755$242.0M0.00%
271
MMC Norilsk Nickel
9,344$239.0M0.00%
272
DWDMorgan Stanley
5,583$238.0M0.00%
273
CHLUSDChina Mobile Limited
5,699$236.0M0.00%
274
KBKB Financial Group Inc
6,585$235.0M0.00%
275
GBOOYGrupo Financiero ADR
8,343$225.0M0.00%
276
TMETencent Music Entertainment Gr
17,335$221.0M0.00%
277
LBNDXLord Abbett Bond-Debenture-A
26,349$212.0M0.00%
278
CSXCSX Corp.
3,000$208.0M0.00%
279
WFCWells Fargo & Company
4,000$202.0M0.00%
280
BYDDYByd Company Limited Adr
18,698$187.0M0.00%
281
PAASPan American Silver Corp
10,965$172.0M0.00%
282
Leagold Mining Corp
89,097$172.0M0.00%
283
TXGTorex Gold Res Inc
13,828$171.0M0.00%
284
ICICI Bank Ltd. ADS
13,752$168.0M0.00%
285
AYS1Sandstorm Gold Ltd.
27,642$156.0M0.00%
286
CCOCameco Corp.
13,873$132.0M0.00%
287
SEASeabridge Gold Inc.
10,001$127.0M0.00%
288
MQ8MAG Silver Corp
10,328$110.0M0.00%
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