CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2024 Filing

Filed November 5, 2024

Portfolio Value

$7074.1T

Holdings

294

Report Date

Q3 2024

Filing Type

13F-HR

All Holdings (294 positions)

#StockSharesValue% PortfolioType
101
PDBCInvesco Optimum Yield Diversif
921,939$12.3T0.17%
102
SPBSpectrum Brands Holdings Inc.
153,423$12.2T0.17%
103
AZEKAzek Co. Inc.
308,986$11.8T0.17%
104
KDPKeurig Dr. Pepper Inc.
352,169$11.7T0.17%
105
DFNMDimensional National Municipal
230,951$11.2T0.16%
106
DDDuPont de Nemours Inc.
143,585$11.0T0.16%
107
URAGlobal X Uranium ETF
390,737$10.8T0.15%
108
KMXCarMax Inc.
138,891$10.7T0.15%
109
JJSFJ & J Snack Foods Corp.
60,738$10.2T0.14%
110
IBMSiShares iBonds Dec 2032 Term T
427,591$9.9T0.14%
111
IBTIiShares iBonds Dec 2028 Term T
444,001$9.9T0.14%
112
IWDiShares Russell 1000 Value ETF
55,119$9.1T0.13%
113
IBDPiShares iBonds Dec 2024 Term C
354,529$8.8T0.12%
114
PZAPowershares Insured National M
364,192$8.8T0.12%
115
VCLTVanguard Long Term Corporate B
104,243$8.4T0.12%
116
BSMYInvesco BulletShares 2025 Corp
405,917$8.3T0.12%
117
SPIBSPDR Portfolio Intermediate Te
248,833$8.2T0.12%
118
IBHGiShares iBonds December 2030 T
411,131$8.1T0.11%
119
AQLTiShares iBonds Dec 2025 Term T
347,078$8.1T0.11%
120
IBMSiShares iBonds Dec 2029 Term T
360,028$7.8T0.11%
121
SPYGSPDR Portfolio S&P 500 Growth
113,122$7.4T0.10%
122
BSMYInvesco BulletShares 2028 Muni
289,275$6.9T0.10%
123
HTGCHercules Capital Inc.
387,424$6.5T0.09%
124
QQQInvesco BulletShares 2024 Muni
257,227$6.4T0.09%
125
BSMYInvesco BulletShares 2031 Muni
288,053$6.2T0.09%
126
BSMRInvesco BulletShares 2027 Muni
260,585$6.2T0.09%
127
AQLTiShares iBonds Dec 2024 Term M
223,581$5.8T0.08%
128
BSMQInvesco BulletShares 2026 Muni
236,096$5.6T0.08%
129
MAINMain Street Capital Corp.
129,288$5.6T0.08%
130
QQQInvesco BulletShares 2025 Muni
227,274$5.6T0.08%
131
RBCRBC Bearings Inc.
19,403$5.5T0.08%
132
STCStewart Information Services
90,712$5.3T0.08%
133
GBDCGolub Capital BDC Inc.
352,073$5.3T0.08%
134
BXSLBlackstone Secured Lending Fun
188,459$5.2T0.07%
135
XMESPDR S&P Metals & Mining ETF
82,909$5.0T0.07%
136
TRIPTripAdvisor Inc.
222,521$4.8T0.07%
137
TSLXSixth Street Specialty Lending
221,719$4.8T0.07%
138
NMFCNew Mountain Finance Corp.
375,589$4.8T0.07%
139
ITA*iShares US Aerospace & Defense
37,634$4.8T0.07%
140
CVCOCavco Industries Inc.
13,462$4.7T0.07%
141
BlackRock TCP Capital Corp.
398,695$4.6T0.07%
142
KAIKadant Inc.
16,345$4.6T0.06%
143
WGOWinnebago Industries Inc.
62,053$4.5T0.06%
144
HYMBSPDR Nuveen S&P High Yield Mun
177,493$4.5T0.06%
145
PNNTPennantPark Investment Corp.
641,557$4.4T0.06%
146
BBDCBarings BDC Inc.
502,263$4.3T0.06%
147
MLNVanEck Vectors Long Municipal
226,755$4.1T0.06%
148
IBDSiShares iBonds Dec 2027 Term C
171,682$4.1T0.06%
149
HTOSJW Group
62,096$4.1T0.06%
150
MOVMovado Group Inc.
131,435$4.0T0.06%
151
XLISPDR Industrial Select Sector
34,645$3.9T0.06%
152
MGPIMGP Ingredients Inc.
39,692$3.9T0.06%
153
EPCEdgewell Personal Care Co.
106,495$3.9T0.06%
154
MRTNMarten Transport Ltd.
183,320$3.8T0.05%
155
UFPTUFP Technologies Inc.
21,857$3.8T0.05%
156
IBDQiShares iBonds Dec 2025 Term C
148,454$3.7T0.05%
157
PRFTUSDPerficient Inc.
55,565$3.7T0.05%
158
HAYWHayward Holdings Inc.
266,918$3.6T0.05%
159
JBTJohn Bean Technologies Corp.
35,855$3.6T0.05%
160
IIIVi3 Verticals Inc.
163,355$3.5T0.05%
161
BWINBRP Group Inc.
138,604$3.3T0.05%
162
ALNTAllient Inc.
105,849$3.2T0.05%
163
HGTYHagerty Inc.
408,868$3.2T0.05%
164
XLESPDR Energy Select Sector ETF
37,874$3.2T0.04%
165
FSPFranklin Street Properties Cor
1,181,656$3.0T0.04%
166
SPDWSPDR Portfolio Developed World
88,770$3.0T0.04%
167
SLRCSLR Investment Corp.
198,354$3.0T0.04%
168
ECVTEcovyst Inc.
304,171$3.0T0.04%
169
OBDCBlue Owl Capital Corp.
199,048$2.9T0.04%
170
JBSSJohn B Sanfilippo & Son Inc.
28,413$2.9T0.04%
171
CNNECannae Holdings Inc.
150,005$2.9T0.04%
172
BRK-BBerkshire Hathaway Inc. - A
5$2.7T0.04%
173
GSBDGoldman Sachs BDC Inc.
185,168$2.7T0.04%
174
CLBCore Laboratories N.V.
148,667$2.6T0.04%
175
AOUTAmerican Outdoor Brands Inc.
281,130$2.4T0.03%
176
CSWCCapital Southwest Corp.
96,099$2.3T0.03%
177
NLYAnnaly Capital Management Inc.
110,648$2.1T0.03%
178
AGNC Investment Corp.
211,958$2.1T0.03%
179
IAUiShares iBonds Dec 2025 Term M
77,628$2.1T0.03%
180
IWNiShares Russell 2000 Value ETF
12,920$2.0T0.03%
181
NWNNorthwest Natural Holding Co.
47,925$1.9T0.03%
182
FLJPFranklin FTSE Japan ETF
63,939$1.8T0.03%
183
HCSGHealthcare Services Group Inc.
170,102$1.8T0.02%
184
BXBlackstone Group LP
11,000$1.4T0.02%
185
SPNSSapiens International Corp NV
46,116$1.3T0.02%
186
OFSOFS Capital Corp.
109,316$1.3T0.02%
187
RIORio Tinto plc
16,586$1.2T0.02%
188
CCAPCrescent Capital BDC Inc.
69,535$1.2T0.02%
189
CYBRCyberArk Software Ltd.
5,511$1.2T0.02%
190
TSMTaiwan Semiconductor Manufactu
10,951$1.1T0.02%
191
NVONovo Nordisk A.S.
10,916$1.1T0.02%
192
FNVFranco-Nevada Corp.
9,887$1.1T0.02%
193
ACNAccenture plc
3,122$1.1T0.02%
194
ICLRICON plc
3,857$1.1T0.02%
195
BCICPortman Ridge Finance Corp.
58,360$1.1T0.02%
196
AEMAgnico Eagle Mines Ltd.
18,991$1.0T0.01%
197
BCSFBain Capital Specialty Finance
67,320$1.0T0.01%
198
LRLCYL'Oreal S.A.
10,122$1.0T0.01%
199
FSKFS KKR Capital Corp.
50,333$1.0T0.01%
200
WMMVYWal-Mart de Mexico S.A.B. de C
23,391$987.6B0.01%
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