Fund HoldingsCONFLUENCE INVESTMENT MANAGEMENT LLC

Total Portfolio Value
$7.21B
Total Bought
$304.49M
Total Sold
$837.53M
Net Transaction
-$533.04M
Filing Period:
Securities
SharesValue ($K)
Q3 2024
Q4 2024
Change
Q3 2024
Q4 2024
Weight (%)
Change
Brookfield Infrastructure Corp(BIPC)02,228,960+2,228,960089,1811.24%+89,181
American Water Works Co. Inc.145,972537,138+391,16621,34766,8680.93%+45,521
iShares 0-3 Month Treasury Bon05,464,598+5,464,5980231,0923.21%+231,092
Snap-on Inc.(SNA)544,910530,445-14,465157,866180,0762.50%+22,210
SPDR Portfolio Mortgage Backed
ST STR BACKE ETF
03,926,847+3,926,847084,6241.17%+84,624
Kinder Morgan Inc.(KMI)4,484,5594,390,944-93,61599,064120,3121.67%+21,248
iShares Core S&P US Value ETF71,045263,416+192,3716,78424,3900.34%+17,606
PIMCO 20 Plus Year Zero Coupon
25YR+ ZERO U S
0206,281+206,281014,1550.20%+14,155
Entergy Corp.(ETR)819,9061,607,273+787,367107,908121,8631.69%+13,956
Northern Trust Corp.(NTRS)1,149,3971,140,058-9,339103,480116,8561.62%+13,376
Paycom Software Inc.(PAYC)377,876361,757-16,11962,94374,1491.03%+11,207
Cisco Systems Inc.(CSCO)1,819,4201,803,001-16,41996,830106,7381.48%+9,908
Valvoline Inc.(VVV)0251,391+251,39109,0950.13%+9,095
Gilead Sciences Inc.(GILD)1,190,9941,176,858-14,13699,853108,7061.51%+8,853
iShares MBS ETF0293,979+293,979026,9520.37%+26,952
Alphabet Inc.(GOOG)0287,913+287,913054,8300.76%+54,830
iShares Russell 1000 Value ETF028,375+28,37505,2530.07%+5,253
Booking Holdings Inc.(BKNG)09,257+9,257045,9930.64%+45,993
SPDR S&P 400 Mid Cap Growth ET
ST STR SP400GRW
488,176548,721+60,54542,83347,6780.66%+4,846
Broadridge Financial Solutions(BR)642,390632,216-10,174138,133142,9381.98%+4,805
T. Rowe Price Group Inc.(TROW)0986,521+986,5210111,5661.55%+111,566
Paychex Inc.(PAYX)1,120,5281,102,254-18,274150,364154,5582.14%+4,194
Markel Corp. Inc.(MKL)033,473+33,473057,7830.80%+57,783
VanEck Vectors Long Municipal
LONG MUNI ETF
0205,938+205,93803,6820.05%+3,682
U.S. Bancorp(USB)1,969,3741,959,428-9,94690,05993,7191.30%+3,660
Enovis Corp(ENOV)079,622+79,62203,4940.05%+3,494
Lululemon Athletica Inc.(LULU)30,08929,842-2478,16511,4120.16%+3,247
Altus Group Ltd.081,838+81,83803,1830.04%+3,183
Ares Capital Corp.(ARCC)3,836,5733,813,221-23,35280,33883,4711.16%+3,134
Mastercard Inc.(MA)184,852179,049-5,80391,28094,2821.31%+3,002
SPDR S&P 400 Mid Cap Value ETF
ST STR SP400VAL
219,960251,986+32,02617,47820,2090.28%+2,731
John Bean Technologies Corp.(JBTM)0105,676+105,676013,4310.19%+13,431
Gates Industrial Corp. plc
ORD SHS
1,078,9281,044,605-34,32318,93521,4880.30%+2,552
Dun & Bradstreet Holdings Inc.4,063,0293,957,132-105,89746,76549,3060.68%+2,540
SPDR Portfolio S&P 500 Growth
ST STR P500GRW
198,608204,435+5,82716,47317,9700.25%+1,497
Movado Group Inc.(MOV)0176,057+176,05703,4650.05%+3,465
Amphenol Corp.0362,192+362,192025,1540.35%+25,154
iShares 3-7 Year Treasury Bond046,315+46,31505,3520.07%+5,352
Main Street Capital Corp.(MAIN)0131,043+131,04307,6760.11%+7,676
Annaly Capital Management Inc.060,648+60,64801,1100.02%+1,110
TripAdvisor Inc.(TRIP)0233,858+233,85803,4540.05%+3,454
American Outdoor Brands Inc.0191,398+191,39802,9170.04%+2,917
Vontier Corp.(VNT)0388,952+388,952014,1850.20%+14,185
Runway Growth Finance Corp083,621+83,62109160.01%+916
W. R. Berkley Corp.1,363,2951,336,426-26,86977,34078,2081.08%+868
TJX Co. Inc.(TJX)0640,394+640,394077,3661.07%+77,366
Morningstar Inc.(MORN)64,43263,393-1,03920,56121,3480.30%+787
Blackstone Secured Lending Fun(BXSL)0192,470+192,47006,2190.09%+6,219
iShares Silver Trust ETF(SLV)022,608+22,60805950.01%+595
Amplify Cyber Security ETF059,321+59,32104,4190.06%+4,419
iShares Core US Aggregate Bond04,990+4,99004840.01%+484
Brookfield Asset Management(BAM)88,87285,418-3,4544,2034,6290.06%+426
AGNC Investment Corp.(AGNC)041,958+41,95803860.01%+386
i3 Verticals Inc.0292,629+292,62906,7420.09%+6,742
Invesco S&P MidCap Quality ETF
S&P MDCP QUALITY
518,323543,291+24,96853,17053,4980.74%+328
SPDR Energy Select Sector ETF
ST STR ENERG ETF
051,642+51,64204,4240.06%+4,424
iShares Core MSCI EAFE ETF
CORE MSCI EAFE
04,043+4,04302840.00%+284
Taiwan Semiconductor Manufactu(TSM)010,340+10,34002,0420.03%+2,042
Avantis US Mid Cap Equity ETF03,654+3,65402370.00%+237
Yum China Holdings Inc.(YUMC)04,891+4,89102360.00%+236
SPDR Gold MiniShares Trust ETF(GLDM)621,956627,966+6,01032,42332,6480.45%+225
Sixth Street Specialty Lending(TSLX)0251,182+251,18205,3500.07%+5,350
SLR Investment Corp.0187,478+187,47803,0300.04%+3,030
Dollar Tree Inc.(DLTR)298,833283,267-15,56621,01421,2280.29%+214
Blackstone Group LP(BX)011,000+11,00001,8970.03%+1,897
Shopify Inc.(SHOP)08,104+8,10408620.01%+862
Hercules Capital Inc.(HCXY)0382,163+382,16307,6780.11%+7,678
JPMorgan Chase & Co.(JPM)0852+85202040.00%+204
Aberdeen Standard Physical Pla02,421+2,42102010.00%+201
Rheinmetall AG010,492+10,49201,3280.02%+1,328
Antero Resources Corp.(AR)021,219+21,21907440.01%+744
Mitsubishi UFJ Financial(MUFG)092,999+92,99901,0900.02%+1,090
CyberArk Software Ltd.03,245+3,24501,0810.01%+1,081
Kayne Anderson BDC(KBDC)0109,957+109,95701,8190.03%+1,819
SPDR Portfolio High Yield Bond
ST PORT HIGH ETF
478,935496,053+17,11811,51811,6420.16%+124
MakeMyTrip Ltd.
SHS
06,357+6,35707140.01%+714
Expand Energy Corp.(EXE)07,971+7,97107940.01%+794
Bain Capital Specialty Finance(BCSF)0119,920+119,92002,1010.03%+2,101
Cameco Corp.(CCJ)022,815+22,81501,1720.02%+1,172
Vista Energy S.A.B. de C.V.(VIST)011,558+11,55806250.01%+625
FS KKR Capital Corp.(FSK)053,055+53,05501,1520.02%+1,152
iShares iBonds Dec 2026 Term C
IBONDS DEC2026
0671,822+671,822016,1710.22%+16,171
Fidelity Investments Money Mar0101,195+101,19501010.00%+101
iShares Russell 2000 Value ETF3,1723,822+6505296270.01%+98
Healthcare Services Group Inc.(HCSG)0168,841+168,84101,9610.03%+1,961
Cannae Holdings Inc.0113,684+113,68402,2580.03%+2,258
DBS Group Holdings Ltd.08,168+8,16801,0460.01%+1,046
SPDR S&P 600 Small Cap Growth
ST STR SP600GRWO
0206,430+206,430018,6510.26%+18,651
SAP S.E.(SAP)04,325+4,32501,0650.01%+1,065
Sony Group Corp.(SONY)043,135+43,13509130.01%+913
Cavco Industries Inc.(CVCO)9,8259,603-2224,2074,2850.06%+78
Nintendo Co. Ltd.055,368+55,36808100.01%+810
Franklin Street Properties Cor01,231,656+1,231,65602,2540.03%+2,254
Coterra Energy Inc.022,837+22,83705830.01%+583
Crescent Capital BDC Inc.073,839+73,83901,4190.02%+1,419
Willis Towers Watson plc(WTW)03,308+3,30801,0360.01%+1,036
American Express Co.(AXP)02,400+2,40007120.01%+712
Trinity Capital Inc.(TRIN)058,619+58,61908480.01%+848
Uranium Energy Corp.(UEC)084,333+84,33305640.01%+564
Blue Owl Capital Corp. III309,025310,424+1,3994,4284,4760.06%+48
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