CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2023 Filing

Filed October 10, 2023

Portfolio Value

$6461.5T

Holdings

290

Report Date

Q3 2023

Filing Type

13F-HR

All Holdings (290 positions)

#StockSharesValue% PortfolioType
201
WCNWaste Connections Inc.
6,094$818.4B0.01%
202
MUFGMitsubishi UFJ Financial
95,194$808.2B0.01%
203
TRINTrinity Capital Inc.
56,867$791.6B0.01%
204
TTENTotalEnergies S.E.
11,574$761.1B0.01%
205
DBS Group Holdings Ltd.
7,643$752.7B0.01%
206
FFC0Oaktree Specialty Lending Corp
37,201$748.5B0.01%
207
JBSSJohn B Sanfilippo & Son Inc.
7,509$741.9B0.01%
208
WTWWillis Towers Watson plc
3,537$739.1B0.01%
209
HLNHaleon plc
85,726$714.1B0.01%
210
AERAerCap Holdings N.V.
11,281$707.0B0.01%
211
SONYSony Group Corp.
8,531$703.0B0.01%
212
LVMUYLVMH Moet Hennessy Louis Vuitt
4,528$684.2B0.01%
213
INGING Groep N.V.
50,914$671.0B0.01%
214
BNPQYBNP Paribas S.A.
20,903$663.7B0.01%
215
PKXPOSCO Holdings Inc.
6,421$658.1B0.01%
216
SAPSAP S.E.
4,749$614.1B0.01%
217
WOPWoodside Energy Group Ltd.
26,308$612.7B0.01%
218
COPConocoPhillips
4,906$587.7B0.01%
219
APTVAptiv plc
5,864$578.1B0.01%
220
BACBank of America Corp.
20,789$569.2B0.01%
221
CAECAE Inc.
24,074$562.1B0.01%
222
XOMExxon Mobil Corp.
4,702$552.9B0.01%
223
EXEChesapeake Energy Corp.
6,361$548.5B0.01%
224
MITSYMitsui & Co. Ltd.
748$543.3B0.01%
225
SWN1EURSouthwestern Energy Co.
84,131$542.6B0.01%
226
SCCOSouthern Copper Corp.
7,140$537.6B0.01%
227
VISTVista Energy S.A.B. de C.V.
17,589$534.5B0.01%
228
FANGDiamondback Energy Inc.
3,450$534.3B0.01%
229
NTDOYNintendo Co. Ltd.
50,267$520.3B0.01%
230
SMCAYSMC Corp.
22,907$516.3B0.01%
231
SHOPShopify Inc.
9,325$508.9B0.01%
232
KMTUYKomatsu Ltd.
18,801$507.1B0.01%
233
HESHess Corp.
3,213$491.6B0.01%
234
CTRACoterra Energy Inc.
17,958$485.8B0.01%
235
LZAGYLonza Group
10,365$478.7B0.01%
236
PXDEURPioneer Natural Resources Co.
2,070$475.2B0.01%
237
IAU*iShares Gold Trust ETF
12,573$439.9B0.01%
238
WPMWheaton Precious Metals Corp.
10,787$437.4B0.01%
239
ETNEaton Corp. plc
2,031$433.2B0.01%
240
RGLDRoyal Gold Inc.
4,049$430.5B0.01%
241
FCXFreeport-McMoRan Inc.
11,410$425.5B0.01%
242
RHHBYRoche Holding A.G.
12,211$414.3B0.01%
243
U6ZUranium Energy Corp.
80,432$414.2B0.01%
244
ARAntero Resources Corp.
16,258$412.6B0.01%
245
GLNCYGlencore plc
35,508$404.8B0.01%
246
DMLDenison Mines Corp.
241,748$398.9B0.01%
247
MMYTMakeMyTrip Ltd.
9,772$396.0B0.01%
248
Antofagasta PLC ADR
22,312$387.2B0.01%
249
BHPBHP Billiton Ltd.
6,731$382.9B0.01%
250
GOOGLAlphabet Inc.
2,918$381.8B0.01%
251
SEASeabridge Gold Inc.
34,674$365.8B0.01%
252
NVDANVIDIA Corp.
836$363.7B0.01%
253
AXPAmerican Express Co.
2,400$358.1B0.01%
254
Manatuck Hill Mariner Offshore
1,838$349.0B0.01%
255
MTRNMaterion Corp.
3,417$348.2B0.01%
256
MOSMosaic Co.
9,751$347.1B0.01%
257
FMXFomento Economico Mexicano S.A
3,168$345.8B0.01%
258
NEMNewmont Mining Corp.
9,065$335.0B0.01%
259
ABXBarrick Gold Corp.
23,010$334.8B0.01%
260
AQLTiShares iBonds Dec 2023 Term M
12,126$309.5B0.00%
261
IBMRiShares iBonds Dec 2029 Term M
12,887$307.6B0.00%
262
IBMOiShares iBonds Dec 2026 Term M
12,186$302.3B0.00%
263
MLB1MercadoLibre Inc.
238$301.8B0.00%
264
IBMPiShares iBonds Dec 2027 Term M
12,232$299.4B0.00%
265
IBMQiShares iBonds Dec 2028 Term M
12,189$297.5B0.00%
266
BSMTInvesco BulletShares 2029 Muni
13,345$295.2B0.00%
267
BSMUInvesco BulletShares 2030 Muni
14,061$293.7B0.00%
268
BSMYInvesco BulletShares 2031 Muni
14,617$292.5B0.00%
269
LZRFYLocaliza Rent a Car S.A.
22,475$274.4B0.00%
270
SQMSociedad Quimica y Minera de C
4,409$263.1B0.00%
271
AAAlcoa Corp.
8,859$257.4B0.00%
272
RDYDr Reddy's Laboratories Ltd.
3,735$249.8B0.00%
273
ICICI Bank Ltd.
10,794$249.6B0.00%
274
IUSViShares Core S&P US Value ETF
3,231$241.1B0.00%
275
GBOOYGrupo Financiero Banorte S.A.B
5,648$236.0B0.00%
276
KOFCoca-Cola Femsa SAB de CV
2,997$235.1B0.00%
277
CWCurtiss-Wright Corp.
1,160$226.9B0.00%
278
KBKB Financial Group Inc.
5,484$225.4B0.00%
279
YUMCYum China Holdings Inc.
4,015$223.7B0.00%
280
VLRSControladora Vuela Cia de Avia
31,968$217.1B0.00%
281
ZTOZTO Express Cayman Inc.
8,902$215.2B0.00%
282
GFIGold Fields Ltd.
19,740$214.4B0.00%
283
AAPLApple Inc.
1,237$211.8B0.00%
284
WNSNWNS Holdings Ltd.
3,040$208.1B0.00%
285
BAMBrookfield Asset Management
6,154$205.2B0.00%
286
HDBHDFC Bank Ltd.
3,437$202.8B0.00%
287
INFYInfosys Ltd.
10,823$185.2B0.00%
288
VALEVale S.A.
13,327$178.6B0.00%
289
WXXWYWuxi Biologics Cayman Inc.
15,141$175.6B0.00%
290
PTAIYPT Astra International Tbk
21,895$175.6B0.00%
291
ECEcopetrol S.A.
14,957$173.2B0.00%
292
ASAIYSendas Distribuidora S.A.
10,923$133.0B0.00%
293
YJ3AJBS S.A.
14,047$100.3B0.00%
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