CONFLUENCE INVESTMENT MANAGEMENT LLC Q4 2019 Filing

Filed January 29, 2020

Portfolio Value

$6.8T

Holdings

283

Report Date

Q4 2019

Filing Type

13F-HR

All Holdings (283 positions)

#StockSharesValue% PortfolioType
201
RDS/ARoyal Dutch Shell PLC - Cl A
19,687$1.2B0.02%
202
APTVAPTIV PLC
12,098$1.1B0.02%
203
WTWWillis Towers Watson Public Lt
5,681$1.1B0.02%
204
DBS GROUP HOLDINGS-SPON ADR
14,317$1.1B0.02%
205
TCEHYTencent Holdings LTD
22,680$1.1B0.02%
206
RIORio Tinto PLC
18,263$1.1B0.02%
207
TLHiShares Barclays 10-20 Year Tr
7,492$1.1B0.02%
208
NMI1EURKirkland Lake Gold Ltd
24,193$1.1B0.02%
209
SAPSAP AG - ADS
7,950$1.1B0.02%
210
MCCUSDMedley Capital Corp.
466,714$1.0B0.01%
211
Solar Senior Capital Ltd.
56,321$991.0M0.01%
212
CNRCanadian National Railway
10,777$975.0M0.01%
213
MLCOMelco Resorts & Entertainment
38,796$938.0M0.01%
214
HDBHDFC Bank Ltd
14,797$938.0M0.01%
215
ULUnilever Plc
16,138$923.0M0.01%
216
UOVEYUnited Overseas Bank Limited
23,302$916.0M0.01%
217
NTDOYNintendo Co. Ltd. ADS
17,469$872.0M0.01%
218
Capstead Mortgage Corp.
108,500$859.0M0.01%
219
BPBP PLC (Adr 1:6)
22,047$832.0M0.01%
220
WMMVYWalmart De-Mexico-Spon ADR V
28,309$809.0M0.01%
221
BROBrown & Brown Inc.
19,690$777.0M0.01%
222
MINTPimco Enhanced Short Maturity
7,291$741.0M0.01%
223
KCAPUSDPortman Ridge Finance Corp
340,472$722.0M0.01%
224
FANUYFanuc Ltd. ADS
38,725$713.0M0.01%
225
FSPFranklin Street Properties Cor
80,000$685.0M0.01%
226
MUFGMitsubishi UFJ Financial
122,000$662.0M0.01%
227
FMSFresenius Medical Care AG & Co
17,117$630.0M0.01%
228
PAGSPagseguro Digital Ltd
17,734$606.0M0.01%
229
SNNSmith & Nephew (Adr 1:5)
12,071$580.0M0.01%
230
KMTUYKOMATSU LTD
23,999$577.0M0.01%
231
LZRFYLocaliza Rent a Car SA
48,669$574.0M0.01%
232
JAZZJazz Pharmaceuticals Plc
3,809$569.0M0.01%
233
EFAMSCI EAFE Index Fund - iShares
8,122$564.0M0.01%
234
IVVS&P 500 Index Fund - iShares
1,665$538.0M0.01%
235
GBILGoldman Sachs Treasury Access
4,986$499.0M0.01%
236
ITMMarket Vectors Int Muni Index
9,909$498.0M0.01%
237
VVisa, Inc. - A
2,600$489.0M0.01%
238
ECEcopetrol SA
24,091$481.0M0.01%
239
HTHTHuazhu Group Ltd.
11,660$467.0M0.01%
240
NBISYandex NV
10,212$444.0M0.01%
241
BACBank of America Corp.
12,390$436.0M0.01%
242
SSDOYShiseido Co Ltd
6,082$431.0M0.01%
243
JPMJP Morgan Chase & Company
2,959$412.0M0.01%
244
IJSS&P SmallCap 600 Value Index F
2,505$403.0M0.01%
245
CEOCNOOC Ltd.
2,332$389.0M0.01%
246
MLB1MERCADOLIBRE INC
653$373.0M0.01%
247
Manatuck Hill Mariner Offshore
2,343$365.0M0.01%
248
RGLDRoyal Gold, Inc.
2,942$360.0M0.01%
249
TTENTotal SA - ADR
6,428$355.0M0.01%
250
BBDBanco Bradesco S.A.
39,325$352.0M0.01%
251
UI2Kemper Corp.
4,470$346.0M0.01%
252
PAASPan American Silver Corp
14,172$336.0M0.00%
253
NATHNathan's Famous Inc
4,659$330.0M0.00%
254
BAPCREDICORP LTD
1,542$329.0M0.00%
255
XNGSYENN Energy Holdings Ltd
7,473$327.0M0.00%
256
WNSNWNS Holdings Ltd
4,864$322.0M0.00%
257
PYPLPayPal Holdings, Inc.
2,952$319.0M0.00%
258
LLYEli Lilly & Co.
2,400$315.0M0.00%
259
YUMCYum China Holdings Inc
6,546$314.0M0.00%
260
ITUBItau Unibanco Holding S/A ADS
33,891$310.0M0.00%
261
AAPLApple Inc.
1,027$302.0M0.00%
262
PBRPetrobras Petroleo Brasileiro
18,714$298.0M0.00%
263
IJRS&P SmallCap 600 Index Fund -
3,515$295.0M0.00%
264
Cia Brasileira de Distribuicao
13,429$294.0M0.00%
265
Leagold Mining Corp
116,351$289.0M0.00%
266
IJTS&P SmallCap 600 Growth Index
1,477$286.0M0.00%
267
TXGTorex Gold Res Inc
17,811$281.0M0.00%
268
FMXFOMENTO ECONOMICO MEXICANO, S.
2,978$281.0M0.00%
269
MMC Norilsk Nickel
9,149$280.0M0.00%
270
KBKB Financial Group Inc
6,585$272.0M0.00%
271
AYS1Sandstorm Gold Ltd.
36,054$269.0M0.00%
272
GQ9Gold Shares - SPDR
1,844$264.0M0.00%
273
LTHM1EURLivent Corp
29,176$249.0M0.00%
274
SEASeabridge Gold Inc.
17,935$248.0M0.00%
275
FLOTiShares Floating Rate Note Fun
4,755$242.0M0.00%
276
GBOOYGrupo Financiero ADR
8,343$233.0M0.00%
277
COSTCostco Wholesale Corporation
783$230.0M0.00%
278
CHLUSDChina Mobile Limited
5,406$228.0M0.00%
279
WFCWells Fargo & Company
4,000$215.0M0.00%
280
ICICI Bank Ltd. ADS
13,752$208.0M0.00%
281
LYSDYLynas Corp Ltd
112,331$190.0M0.00%
282
TMETencent Music Entertainment Gr
15,760$185.0M0.00%
283
CCOCameco Corp.
18,053$161.0M0.00%
284
MQ8MAG Silver Corp
13,471$159.0M0.00%
285
Premier US Government Money
14,022$14.0M0.00%
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