Q2 2026 · 13F-HR
CONFLUENCE INVESTMENT MANAGEMENT LLCholdings as filed
Filed 2026-07-01 · accession 0001442056-26-000006
$6.40B
Reported value
290
Positions
2026-06-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46436E718 | SGOV | iShares 0-3 Month Treasury Bon | $280.7M | 4.39% | 2,788,012 | Common | SOLE |
| 833034101 | SNA | Snap-on Inc. | $167.9M | 2.62% | 417,132 | Common | SOLE |
| H1467J104 | CB | Chubb Ltd. | $157.0M | 2.45% | 460,772 | Common | SOLE |
| G54950103 | LIN | Linde plc | $140.5M | 2.20% | 270,727 | Common | SOLE |
| 92939U106 | WEC | WEC Energy Group Inc. | $139.1M | 2.17% | 1,191,332 | Common | SOLE |
| 311900104 | FAST | Fastenal Co. | $135.9M | 2.12% | 2,829,738 | Common | SOLE |
| 29364G103 | ETR | Entergy Corp. | $132.8M | 2.08% | 1,156,624 | Common | SOLE |
| 539830109 | LMT | Lockheed Martin Corp. | $131.7M | 2.06% | 258,577 | Common | SOLE |
| 842587107 | SO | Southern Co. | $131.2M | 2.05% | 1,370,593 | Common | SOLE |
| 854502101 | SWK | Stanley Black & Decker Inc. | $126.9M | 1.98% | 1,348,374 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $123.1M | 1.92% | 742,863 | Common | SOLE |
| 743315103 | PGR | Progressive Corp. | $121.8M | 1.90% | 557,408 | Common | SOLE |
| 189054109 | CLX | Clorox Co. | $119.1M | 1.86% | 1,247,644 | Common | SOLE |
| 609207105 | MDLZ | Mondelez International Inc. | $118.2M | 1.85% | 2,044,332 | Common | SOLE |
| 032654105 | ADI | Analog Devices Inc. | $116.5M | 1.82% | 293,390 | Common | SOLE |
| 427866108 | HSY | Hershey Co. | $116.4M | 1.82% | 663,243 | Common | SOLE |
| 665859104 | NTRS | Northern Trust Corp. | $114.8M | 1.79% | 660,416 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive Co. | $110.9M | 1.73% | 1,209,372 | Common | SOLE |
| 437076102 | HD | Home Depot Inc. | $109.8M | 1.72% | 311,263 | Common | SOLE |
| 49456B101 | KMI | Kinder Morgan Inc. | $107.7M | 1.68% | 3,368,817 | Common | SOLE |
| 74144T108 | TROW | T. Rowe Price Group Inc. | $106.5M | 1.66% | 936,409 | Common | SOLE |
| 375558103 | GILD | Gilead Sciences Inc. | $105.2M | 1.64% | 832,632 | Common | SOLE |
| 902973304 | USB | U.S. Bancorp | $104.8M | 1.64% | 1,734,918 | Common | SOLE |
| 030420103 | AWK | American Water Works Co. Inc. | $102.7M | 1.60% | 780,309 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc. | $98.9M | 1.54% | 841,787 | Common | SOLE |
| 704326107 | PAYX | Paychex Inc. | $93.7M | 1.46% | 952,424 | Common | SOLE |
| 31620R303 | FNF | Fidelity National Financial In | $90.0M | 1.41% | 1,908,912 | Common | SOLE |
| 655663102 | NDSN | Nordson Corp. | $84.8M | 1.33% | 281,120 | Common | SOLE |
| 78464A383 | SPMB | SPDR Portfolio Mortgage Backed | $75.2M | 1.17% | 3,370,501 | Common | SOLE |
| 78463X889 | SPDW | SPDR Portfolio Developed World | $74.7M | 1.17% | 1,482,773 | Common | SOLE |
| 084423102 | WRB | W. R. Berkley Corp. | $72.8M | 1.14% | 1,031,752 | Common | SOLE |
| 11133T103 | BR | Broadridge Financial Solutions | $71.7M | 1.12% | 523,341 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc. | $70.1M | 1.10% | 136,514 | Common | SOLE |
| 78464A409 | SPYG | SPDR Portfolio S&P 500 Growth | $68.3M | 1.07% | 573,709 | Common | SOLE |
| 863667101 | SYK | Stryker Corp. | $66.7M | 1.04% | 212,000 | Common | SOLE |
| 78464a508 | — | SPDR Portfolio S&P 500 Value E | $63.7M | 0.99% | 1,047,254 | Common | SOLE |
| 574599106 | MAS | Masco Corp. | $62.5M | 0.98% | 768,680 | Common | SOLE |
| 25243Q205 | DEO | Diageo plc | $62.5M | 0.98% | 776,936 | Common | SOLE |
| 04010L103 | ARCC | Ares Capital Corp. | $62.4M | 0.97% | 3,367,580 | Common | SOLE |
| 872540109 | TJX | TJX Co. Inc. | $61.6M | 0.96% | 406,868 | Common | SOLE |
| 009158106 | APD | Air Products and Chemicals Inc | $59.5M | 0.93% | 202,897 | Common | SOLE |
| 78409V104 | SPGI | S&P Global Inc. | $57.7M | 0.90% | 141,607 | Common | SOLE |
| 438516205 | HON | Honeywell International Inc. | $53.9M | 0.84% | 240,572 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp. | $53.3M | 0.83% | 142,894 | Common | SOLE |
| 43849R105 | HONA | Honeywell Aerospace Inc. | $53.3M | 0.83% | 241,062 | Common | SOLE |
| 452308109 | ITW | Illinois Tool Works Inc. | $52.2M | 0.82% | 193,034 | Common | SOLE |
| 260557103 | DOW | Dow Inc. | $50.6M | 0.79% | 1,850,660 | Common | SOLE |
| 70432V102 | PAYC | Paycom Software Inc. | $47.1M | 0.74% | 374,387 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific Inc. | $46.5M | 0.73% | 92,781 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc. - B | $43.3M | 0.68% | 86,570 | Common | SOLE |
| G1151C101 | ACN | Accenture plc | $42.5M | 0.66% | 341,854 | Common | SOLE |
| N6596X109 | NXPI | NXP Semiconductors N.V. | $42.5M | 0.66% | 151,365 | Common | SOLE |
| 548661107 | LOW | Lowe's Co. Inc. | $42.5M | 0.66% | 192,874 | Common | SOLE |
| 384109104 | GGG | Graco Inc. | $41.5M | 0.65% | 549,102 | Common | SOLE |
| 98149E303 | GLDM | SPDR Gold MiniShares Trust ETF | $41.5M | 0.65% | 522,617 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. | $40.8M | 0.64% | 115,450 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc. | $34.7M | 0.54% | 194,765 | Common | SOLE |
| 14448c104 | — | Carrier Global Corp. | $34.7M | 0.54% | 472,778 | Common | SOLE |
| 464288653 | TLH | iShares Barclays 10-20 Year Tr | $33.7M | 0.53% | 335,581 | Common | SOLE |
| 98978V103 | ZTS | Zoetis Inc. | $33.4M | 0.52% | 465,449 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd. | $32.4M | 0.51% | 333,833 | Common | SOLE |
| 115637209 | BF/B | Brown-Forman Corp. - B | $30.7M | 0.48% | 1,152,060 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Materials Inc. | $30.1M | 0.47% | 52,207 | Common | SOLE |
| 464288588 | MBB | iShares MBS ETF | $28.7M | 0.45% | 303,528 | Common | SOLE |
| 46438G422 | IBTQ | iShares iBonds Dec 2035 Term T | $26.2M | 0.41% | 1,044,548 | Common | SOLE |
| 617700109 | MORN | Morningstar Inc. | $25.9M | 0.41% | 166,257 | Common | SOLE |
| 115236101 | BRO | Brown & Brown Inc. | $24.8M | 0.39% | 386,030 | Common | SOLE |
| 46438G646 | IBTP | iShares iBonds Dec 2034 Term T | $24.5M | 0.38% | 965,101 | Common | SOLE |
| 302130109 | EXPD | Expeditors International of Wa | $24.2M | 0.38% | 148,269 | Common | SOLE |
| 46436E148 | IBTO | iShares iBonds Dec 2033 Term T | $23.9M | 0.37% | 988,431 | Common | SOLE |
| 369550108 | GD | General Dynamics Corp. | $23.4M | 0.37% | 65,990 | Common | SOLE |
| 278865100 | ECL | Ecolab Inc. | $23.3M | 0.36% | 83,581 | Common | SOLE |
| 891092108 | TTC | Toro Co. | $22.8M | 0.36% | 233,646 | Common | SOLE |
| 49338L103 | KEYS | Keysight Technologies Inc. | $22.6M | 0.35% | 64,599 | Common | SOLE |
| 257651109 | DCI | Donaldson Co. Inc. | $22.2M | 0.35% | 247,292 | Common | SOLE |
| 21036P108 | STZ | Constellation Brands | $22.2M | 0.35% | 159,566 | Common | SOLE |
| 46436e460 | — | iShares iBonds Dec 2031 Term T | $22.2M | 0.35% | 1,098,504 | Common | SOLE |
| 646025106 | NJR | New Jersey Resources Corp. | $21.7M | 0.34% | 387,609 | Common | SOLE |
| 824348106 | SHW | Sherwin-Williams Co. | $21.4M | 0.33% | 62,256 | Common | SOLE |
| 749607107 | RLI | RLI Corp. | $21.3M | 0.33% | 360,253 | Common | SOLE |
| 032095101 | APH | Amphenol Corp. | $21.0M | 0.33% | 118,987 | Common | SOLE |
| 159864107 | CRL | Charles River Laboratories Int | $20.8M | 0.32% | 91,632 | Common | SOLE |
| 038336103 | ATR | AptarGroup Inc. | $20.1M | 0.31% | 160,935 | Common | SOLE |
| 78464A763 | SDY | SPDR S&P Dividend ETF | $20.1M | 0.31% | 132,295 | Common | SOLE |
| 26875P101 | EOG | EOG Resources Inc. | $20.0M | 0.31% | 154,361 | Common | SOLE |
| 831865209 | AOS | A. O. Smith Corp. | $19.6M | 0.31% | 312,013 | Common | SOLE |
| 761152107 | RMD | ResMed Inc. | $18.3M | 0.29% | 94,086 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp. | $17.8M | 0.28% | 65,853 | Common | SOLE |
| 89531P105 | TREX | Trex Company Inc. | $17.7M | 0.28% | 354,325 | Common | SOLE |
| 46434V738 | IEUR | iShares Core MSCI Europe ETF | $17.2M | 0.27% | 229,242 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co. | $17.1M | 0.27% | 116,816 | Common | SOLE |
| 46436E296 | IBTM | iShares iBonds Dec 2032 Term T | $16.7M | 0.26% | 735,847 | Common | SOLE |
| 256746108 | DLTR | Dollar Tree Inc. | $16.2M | 0.25% | 134,143 | Common | SOLE |
| 37960A529 | SHLD | Global X Defense Tech ETF | $15.7M | 0.25% | 262,921 | Common | SOLE |
| 92047W101 | VVV | Valvoline Inc. | $15.7M | 0.24% | 396,145 | Common | SOLE |
| G5960L103 | MDT | Medtronic plc | $15.3M | 0.24% | 195,240 | Common | SOLE |
| 075887109 | BDX | Becton Dickinson & Co. | $13.6M | 0.21% | 89,902 | Common | SOLE |
| 025072802 | AVDV | Avantis International Small Ca | $13.0M | 0.20% | 125,698 | Common | SOLE |
| 81369Y506 | XLE | State Street Energy Select Sec | $12.3M | 0.19% | 230,673 | Common | SOLE |
| 654106103 | NKE | NIKE Inc. | $11.5M | 0.18% | 279,383 | Common | SOLE |
| 254687106 | DIS | Walt Disney Co. | $10.9M | 0.17% | 113,021 | Common | SOLE |
| 928881101 | VNT | Vontier Corp. | $10.6M | 0.17% | 365,615 | Common | SOLE |
| 25434V849 | DFNM | Dimensional National Municipal | $9.2M | 0.14% | 189,628 | Common | SOLE |
| 46434G848 | PICK | iShares MSCI Global Metals & M | $8.9M | 0.14% | 152,199 | Common | SOLE |
| 217204106 | CPRT | Copart Inc. | $8.3M | 0.13% | 292,941 | Common | SOLE |
| 339750101 | FND | Floor & Decor Holdings Inc. | $7.8M | 0.12% | 131,310 | Common | SOLE |
| 46139W767 | BSMY | Invesco BulletShares 2034 Muni | $7.5M | 0.12% | 303,465 | Common | SOLE |
| 477839104 | JBTM | JBT Marel Corp. | $7.2M | 0.11% | 49,946 | Common | SOLE |
| 78351F107 | RYAN | Ryan Specialty Group | $7.1M | 0.11% | 189,001 | Common | SOLE |
| 922042866 | VPL | Vanguard FTSE Pacific Index Fu | $7.0M | 0.11% | 60,466 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF | $6.7M | 0.10% | 8,922 | Common | SOLE |
| 46436e593 | — | iShares iBonds Dec 2030 Term T | $6.3M | 0.10% | 322,898 | Common | SOLE |
| 46138j411 | — | Invesco BulletShares 2031 Muni | $6.1M | 0.10% | 290,826 | Common | SOLE |
| T9224W109 | STVN | Stevanato Group S.p.A. | $6.1M | 0.09% | 335,493 | Common | SOLE |
| 46139W791 | BSSX | Invesco Bulletshares 2033 Muni | $5.7M | 0.09% | 220,399 | Common | SOLE |
| 92189F106 | GDX | VanEck Gold Miners ETF | $5.3M | 0.08% | 70,315 | Common | SOLE |
| 46138J353 | BSMZ | Invesco BulletShares 2035 Muni | $5.3M | 0.08% | 206,255 | Common | SOLE |
| 896945201 | TRIP | TripAdvisor Inc. | $5.2M | 0.08% | 376,853 | Common | SOLE |
| 46139W833 | BSMW | Invesco BulletShares 2032 Munc | $5.0M | 0.08% | 197,253 | Common | SOLE |
| 46571Y107 | IIIV | i3 Verticals Inc. | $4.9M | 0.08% | 230,530 | Common | SOLE |
| 56035L104 | MAIN | Main Street Capital Corp. | $4.9M | 0.08% | 93,486 | Common | SOLE |
| 91879Q109 | MTN | Vail Resorts Inc. | $4.6M | 0.07% | 34,082 | Common | SOLE |
| 46138E537 | PZA | Powershares Insured National M | $4.5M | 0.07% | 192,712 | Common | SOLE |
| 149568107 | CVCO | Cavco Industries Inc. | $4.5M | 0.07% | 7,310 | Common | SOLE |
| 427096508 | HTGC | Hercules Capital Inc. | $4.4M | 0.07% | 276,182 | Common | SOLE |
| 38173M102 | GBDC | Golub Capital BDC Inc. | $4.2M | 0.07% | 327,523 | Common | SOLE |
| 084670108 | BRK/A | Berkshire Hathaway Inc. - A | $3.7M | 0.06% | 5 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufactu | $3.6M | 0.06% | 7,622 | Common | SOLE |
| 83012A109 | TSLX | Sixth Street Specialty Lending | $3.6M | 0.06% | 211,954 | Common | SOLE |
| 008474108 | AEM | Agnico Eagle Mines Ltd. | $3.5M | 0.06% | 22,732 | Common | SOLE |
| 09261X102 | BXSL | Blackstone Secured Lending Fun | $3.5M | 0.05% | 146,606 | Common | SOLE |
| 464288414 | MUB | iShares National Muni Bond ETF | $3.2M | 0.05% | 30,098 | Common | SOLE |
| 09789C861 | XONE | BondBloxx Bloomberg One Year T | $3.0M | 0.05% | 60,474 | Common | NONE |
| N07059210 | ASML | ASML Holding N.V. | $2.9M | 0.04% | 1,439 | Common | SOLE |
| 69121K104 | OBDC | Blue Owl Capital Corp. | $2.9M | 0.04% | 263,324 | Common | SOLE |
| 06759l103 | — | Barings BDC Inc. | $2.6M | 0.04% | 306,261 | Common | SOLE |
| 464287598 | IWD | iShares Russell 1000 Value ETF | $2.5M | 0.04% | 10,492 | Common | SOLE |
| 46138J445 | BSMU | Invesco BulletShares 2030 Muni | $2.5M | 0.04% | 114,674 | Common | SOLE |
| 799926100 | SDZNY | Sandoz Group | $2.5M | 0.04% | 27,141 | Common | SOLE |
| 140501107 | CSWC | Capital Southwest Corp. | $2.3M | 0.04% | 95,362 | Common | SOLE |
| 25461D100 | DSCSY | Disco Corp. | $2.2M | 0.03% | 42,521 | Common | SOLE |
| 46436E163 | IBMR | iShares iBonds Dec 2029 Term M | $2.2M | 0.03% | 87,480 | Common | SOLE |
| 46138J478 | BSMT | Invesco BulletShares 2029 Muni | $2.2M | 0.03% | 96,425 | Common | SOLE |
| 606822104 | MUFG | Mitsubishi UFJ Financial | $2.1M | 0.03% | 106,721 | Common | SOLE |
| 05589g102 | — | Baldwin Insurance Group Inc. | $2.1M | 0.03% | 77,621 | Common | SOLE |
| 81369Y704 | XLI | SPDR Industrial Select Sector | $2.0M | 0.03% | 10,894 | Common | SOLE |
| 647551100 | NMFC | New Mountain Finance Corp. | $2.0M | 0.03% | 277,609 | Common | SOLE |
| N00985106 | AER | AerCap Holdings N.V. | $1.9M | 0.03% | 13,112 | Common | SOLE |
| 23304y100 | — | DBS Group Holdings Ltd. | $1.9M | 0.03% | 9,372 | Common | SOLE |
| 218937100 | CNR | Core Natural Resources Inc. | $1.9M | 0.03% | 23,555 | Common | SOLE |
| 87873R101 | TTNDY | Techtronic Industries Co. Ltd. | $1.8M | 0.03% | 22,118 | Common | SOLE |
| G39108108 | GTES | Gates Industrial Corp. plc | $1.8M | 0.03% | 65,517 | Common | SOLE |
| 233051705 | RVNU | Xtrackers Municipal Infrastruc | $1.8M | 0.03% | 72,103 | Common | SOLE |
| 456837103 | ING | ING Groep N.V. | $1.8M | 0.03% | 56,589 | Common | SOLE |
| 980228308 | WDS | Woodside Energy Group Ltd. | $1.7M | 0.03% | 90,282 | Common | SOLE |
| 92837L109 | VIST | Vista Energy S.A.B. de C.V. | $1.7M | 0.03% | 27,270 | Common | SOLE |
| 786584102 | SAFRY | Safran S.A. | $1.7M | 0.03% | 17,366 | Common | SOLE |
| 550372106 | LUNMF | Lundin Mining Corp. | $1.7M | 0.03% | 69,752 | Common | SOLE |
| 84265V105 | SCCO | Southern Copper Corp. | $1.7M | 0.03% | 9,672 | Common | SOLE |
| 46435U325 | IBMQ | iShares iBonds Dec 2028 Term M | $1.7M | 0.03% | 64,602 | Common | SOLE |
| 75524B104 | RBC | RBC Bearings Inc. | $1.6M | 0.03% | 2,552 | Common | SOLE |
| 84790a105 | — | Spectrum Brands Holdings Inc. | $1.6M | 0.03% | 19,165 | Common | SOLE |
| 03485P409 | NGLOY | Amglo Am PLC ADR | $1.6M | 0.03% | 65,991 | Common | SOLE |
| 37827X100 | GLNCY | Glencore plc | $1.6M | 0.03% | 119,809 | Common | SOLE |
| 15135U109 | CVE | Cenovus Energy Inc. | $1.6M | 0.03% | 64,557 | Common | SOLE |
| 335934105 | FQVLF | First Quantum Minerals Ltd. | $1.6M | 0.02% | 58,484 | Common | SOLE |
| 405166109 | HGTY | Hagerty Inc. | $1.6M | 0.02% | 132,055 | Common | SOLE |
| 860372101 | STC | Stewart Information Services C | $1.6M | 0.02% | 23,716 | Common | SOLE |
| 989825104 | ZURVY | Zurich Insurance Group A.G. | $1.5M | 0.02% | 41,635 | Common | SOLE |
| 421298100 | HAYW | Hayward Holdings Inc. | $1.5M | 0.02% | 88,331 | Common | SOLE |
| 05565A202 | BNPQY | BNP Paribas S.A. | $1.5M | 0.02% | 25,868 | Common | SOLE |
| 90278Q108 | UFPI | UFP Industries Inc. | $1.5M | 0.02% | 16,254 | Common | SOLE |
| 405024100 | HAE | Haemonetics Corp. | $1.5M | 0.02% | 19,455 | Common | SOLE |
| 49926D109 | KN | Knowles Corp. | $1.5M | 0.02% | 35,005 | Common | SOLE |
| 651639106 | NEM | Newmont Mining Corp. | $1.5M | 0.02% | 15,538 | Common | SOLE |
| 29605J106 | ESAB | ESAB Corp. | $1.5M | 0.02% | 14,709 | Common | SOLE |
| 43858F109 | HKXCY | Hong Kong Exchanges and Cleari | $1.4M | 0.02% | 30,787 | Common | SOLE |
| 89156V106 | TRMLF | Tourmaline Oil Corp. | $1.4M | 0.02% | 33,988 | Common | SOLE |
| 92189F791 | GDXJ | VanEck Junior Gold Miners ETF | $1.4M | 0.02% | 14,447 | Common | SOLE |
| 889094108 | TKOMY | Tokio Marine Holdings Inc. | $1.4M | 0.02% | 30,795 | Common | SOLE |
| 624580106 | MOV | Movado Group Inc. | $1.3M | 0.02% | 34,155 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp. | $1.3M | 0.02% | 9,784 | Common | SOLE |
| 780259305 | SHEL | Shell plc | $1.3M | 0.02% | 17,202 | Common | SOLE |
| 05523r107 | — | BAE Systems plc | $1.3M | 0.02% | 13,420 | Common | SOLE |
| 125269100 | CF | CF Industries Holdings Inc. | $1.3M | 0.02% | 12,115 | Common | SOLE |
| 13321L108 | CCJ | Cameco Corp. | $1.3M | 0.02% | 12,856 | Common | SOLE |
| 573075108 | MRTN | Marten Transport Ltd. | $1.3M | 0.02% | 75,256 | Common | SOLE |
| 055622104 | BP | BP PLC ADR (1:6) | $1.3M | 0.02% | 35,263 | Common | SOLE |
| 606827202 | MITSY | Mitsui & Co. Ltd. | $1.3M | 0.02% | 2,336 | Common | SOLE |
| 674599105 | OXY | Occidental Petroleum Corp. | $1.3M | 0.02% | 26,565 | Common | SOLE |
| 902673102 | UFPT | UFP Technologies Inc. | $1.3M | 0.02% | 4,851 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp. | $1.3M | 0.02% | 6,167 | Common | SOLE |
| 537008104 | LFUS | Littelfuse Inc. | $1.3M | 0.02% | 2,812 | Common | SOLE |
| 551073307 | LYSDY | Lynas Rare Earths Ltd. | $1.3M | 0.02% | 100,731 | Common | SOLE |
| G25508105 | CRH | CRH plc | $1.3M | 0.02% | 11,823 | Common | SOLE |
| 67401P405 | OCSL | Oaktree Specialty Lending Corp | $1.3M | 0.02% | 105,926 | Common | SOLE |
| 136385101 | CNQ | Canadian Natural Resources Ltd | $1.3M | 0.02% | 31,974 | Common | SOLE |
| 962879102 | WPM | Wheaton Precious Metals Corp. | $1.3M | 0.02% | 11,175 | Common | SOLE |
| 929160109 | VMC | Vulcan Materials Co. | $1.2M | 0.02% | 4,194 | Common | SOLE |
| 780287108 | RGLD | Royal Gold Inc. | $1.2M | 0.02% | 6,162 | Common | SOLE |
| 800422107 | JBSS | John B Sanfilippo & Son Inc. | $1.2M | 0.02% | 14,170 | Common | SOLE |
| 26884L109 | EQT | EQT Corp. | $1.2M | 0.02% | 22,743 | Common | SOLE |
| 25179M103 | DVN | Devon Energy Corp. | $1.2M | 0.02% | 28,927 | Common | SOLE |
| 03761U502 | MFIC | MidCap Financial Investment Co | $1.2M | 0.02% | 118,551 | Common | SOLE |
| 465717106 | ITOCY | ITOCHU Corp. | $1.2M | 0.02% | 103,063 | Common | SOLE |
| 835699307 | SONY | Sony Group Corp. | $1.2M | 0.02% | 58,461 | Common | SOLE |
| 502117203 | LRLCY | L'Oreal S.A. | $1.2M | 0.02% | 13,200 | Common | SOLE |
| 011532108 | AGI | Alamos Gold Inc. | $1.1M | 0.02% | 36,903 | Common | SOLE |
| 171269103 | CHGCY | Chugai Pharms Co. Ltd. | $1.1M | 0.02% | 47,712 | Common | SOLE |
| 02215R107 | ASGTF | Altus Group Ltd. | $1.1M | 0.02% | 34,653 | Common | SOLE |
| 05684B107 | BCSF | Bain Capital Specialty Finance | $1.1M | 0.02% | 87,630 | Common | SOLE |
| 500458401 | KMTUY | Komatsu Ltd. | $1.1M | 0.02% | 27,992 | Common | SOLE |
| 771195104 | RHHBY | Roche Holding A.G. | $1.1M | 0.02% | 20,925 | Common | SOLE |
| 003260106 | PPLT | Aberdeen Physical Platinum Sha | $1.1M | 0.02% | 75,305 | Common | SOLE |
| 165167735 | EXE | Expand Energy Corp. | $1.0M | 0.02% | 11,412 | Common | SOLE |
| 61774A103 | MSDL | Morgan Stanley Direct Lending | $1.0M | 0.02% | 67,513 | Common | SOLE |
| 904767803 | UL | Unilever plc | $1.0M | 0.02% | 16,848 | Common | SOLE |
| 48662X105 | KBDC | Kayne Anderson BDC | $1.0M | 0.02% | 74,821 | Common | SOLE |
| 82509L107 | SHOP | Shopify Inc. | $1.0M | 0.02% | 8,814 | Common | SOLE |
| 405552100 | HLN | Haleon plc | $991,387 | 0.02% | 106,258 | Common | SOLE |
| 207410101 | CNMD | CONMED Corp. | $983,685 | 0.02% | 30,055 | Common | SOLE |
| 78468R739 | SHM | SPDR Nuveen Barclays Capital S | $932,200 | 0.01% | 19,435 | Common | SOLE |
| 93114W107 | WMMVY | Wal-Mart de Mexico S.A.B. de C | $930,238 | 0.01% | 31,630 | Common | SOLE |
| 00215W100 | ASX | ASE Technology Holding Co. Ltd | $924,419 | 0.01% | 20,488 | Common | SOLE |
| 92189F536 | MLN | VanEck Vectors Long Municipal | $921,840 | 0.01% | 51,847 | Common | SOLE |
| 81141r100 | — | Sea Ltd. | $913,739 | 0.01% | 9,535 | Common | SOLE |
| 231561101 | CW | Curtiss-Wright Corp. | $879,002 | 0.01% | 1,160 | Common | SOLE |
| Q66635105 | — | New Hope Corp. Ltd. | $871,195 | 0.01% | 230,475 | Common | SOLE |
| 896442308 | TRIN | Trinity Capital Inc. | $867,719 | 0.01% | 48,503 | Common | SOLE |
| 67090S108 | NCDL | Nuveen Churchill Direct Lendin | $855,825 | 0.01% | 68,907 | Common | SOLE |
| 502441306 | LVMUY | LVMH Moet Hennessy Louis Vuitt | $850,514 | 0.01% | 7,690 | Common | SOLE |
| 803054204 | SAP | SAP S.E. | $835,584 | 0.01% | 5,422 | Common | SOLE |
| 670100205 | NVO | Novo Nordisk A.S. | $833,437 | 0.01% | 17,385 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $811,800 | 0.01% | 2,400 | Common | SOLE |
| 46435U283 | IBMP | iShares iBonds Dec 2027 Term M | $809,271 | 0.01% | 31,836 | Common | SOLE |
| 466032109 | JJSF | J & J Snack Foods Corp. | $805,583 | 0.01% | 10,968 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group Holding Ltd. | $798,362 | 0.01% | 8,318 | Common | SOLE |
| 83413U100 | SLRC | SLR Investment Corp. | $789,866 | 0.01% | 63,853 | Common | SOLE |
| 056525108 | BMI | Badger Meter Inc. | $784,930 | 0.01% | 5,290 | Common | SOLE |
| 550428106 | — | LunR Royalties Corp. | $766,360 | 0.01% | 57,116 | Common | SOLE |
| 353514102 | FELE | Franklin Electric Co. Inc. | $717,101 | 0.01% | 6,690 | Common | SOLE |
| 76206K107 | RNMBY | Rheinmetall AG | $710,521 | 0.01% | 3,111 | Common | SOLE |
| 550371108 | LUGDF | Lundin Gold Inc. | $694,972 | 0.01% | 12,877 | Common | SOLE |
| N97284108 | NBIS | Nebius Group N.V. | $683,521 | 0.01% | 2,475 | Common | SOLE |
| 35471R106 | FSP | Franklin Street Properties Cor | $634,303 | 0.01% | 1,231,656 | Common | NONE |
| 55374X208 | MSIF | MSC Income Fund | $629,662 | 0.01% | 54,422 | Common | SOLE |
| 376546107 | GAIN | Gladstone Investment Corp. | $571,742 | 0.01% | 36,982 | Common | SOLE |
| 38059t106 | — | Gold Fields Ltd. | $528,875 | 0.01% | 15,745 | Common | SOLE |
| 48241a105 | — | KB Financial Group Inc. | $520,980 | 0.01% | 4,964 | Common | SOLE |
| 45662n103 | — | Infineon Technologies A.G. | $498,646 | 0.01% | 5,307 | Common | SOLE |
| 191241108 | KOF | Coca-Cola Femsa S.A.B. de C.V. | $402,475 | 0.01% | 3,788 | Common | SOLE |
| 824596100 | SHG | Shinhan Financial Group Co. Lt | $397,842 | 0.01% | 6,290 | Common | SOLE |
| 225655109 | CCAP | Crescent Capital BDC Inc. | $386,677 | 0.01% | 35,410 | Common | SOLE |
| 344419106 | FMX | Fomento Economico Mexicano S.A | $381,042 | 0.01% | 2,979 | Common | SOLE |
| G2519Y108 | BAP | Credicorp Ltd. | $368,543 | 0.01% | 946 | Common | SOLE |
| 45104g104 | — | ICICI Bank Ltd. | $353,760 | 0.01% | 12,186 | Common | SOLE |
| 009279100 | EADSY | Airbus SE | $352,838 | 0.01% | 6,346 | Common | SOLE |
| P31076105 | CPA | Copa Holdings SA | $342,565 | 0.01% | 2,202 | Common | SOLE |
| 46435U259 | IBMO | iShares iBonds Dec 2026 Term M | $332,193 | 0.01% | 12,956 | Common | SOLE |
| 095924106 | OTF | Blue Owl Technology Finance | $321,885 | 0.01% | 31,100 | Common | SHARED |
| 78464A284 | HYMB | SPDR Nuveen S&P High Yield Mun | $313,268 | 0.00% | 12,314 | Common | SOLE |
| 98980A105 | ZTO | ZTO Express Cayman Inc. | $312,559 | 0.00% | 13,966 | Common | SOLE |
| 296006109 | ERO | ERO Copper Corp. | $305,074 | 0.00% | 11,428 | Common | SOLE |
| 40052P107 | GBOOY | Grupo Financiero Banorte S.A.B | $293,747 | 0.00% | 5,575 | Common | SOLE |
| 21240E105 | VLRS | Controladora Vuela Cia de Avia | $287,434 | 0.00% | 30,676 | Common | SOLE |
| 44332N106 | HTHT | H World Group Ltd. | $285,991 | 0.00% | 6,855 | Common | SOLE |
| G6683N103 | NU | NU Holdings Ltd | $285,704 | 0.00% | 21,385 | Common | SOLE |
| 88032Q109 | TCEHY | Tencent Holdings Ltd. | $268,093 | 0.00% | 4,855 | Common | SOLE |
| 78463V107 | GLD | SPDR Gold Shares ETF | $264,497 | 0.00% | 718 | Common | SOLE |
| 98850P109 | YUMC | Yum China Holdings Inc. | $261,364 | 0.00% | 6,395 | Common | SOLE |
| 256135203 | RDY | Dr Reddy's Laboratories Ltd. | $259,516 | 0.00% | 17,910 | Common | SOLE |
| 58733R102 | MELI | MercadoLibre Inc. | $252,911 | 0.00% | 149 | Common | SOLE |
| V5633W109 | MMYT | MakeMyTrip Ltd. | $249,397 | 0.00% | 4,680 | Common | SOLE |
| 056752108 | BIDU | Baidu Inc. | $238,752 | 0.00% | 2,089 | Common | SOLE |
| N4732M103 | JBS | JBS N.V. | $229,013 | 0.00% | 19,326 | Common | SOLE |
| 279158109 | EC | Ecopetrol S.A. | $220,222 | 0.00% | 15,465 | Common | SOLE |
| 03076C106 | AMP | Ameriprise Financial Inc. | $220,205 | 0.00% | 480 | Common | SOLE |
| P1666E105 | BWMX | Betterware de Mexico S.A.P.I. | $217,607 | 0.00% | 12,096 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co. | $213,746 | 0.00% | 653 | Common | SOLE |
| 91912E105 | VALE | Vale S.A. | $212,320 | 0.00% | 14,117 | Common | SOLE |
| 94106B101 | WCN | Waste Connections Inc. | $207,362 | 0.00% | 1,244 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA Corp. | $202,691 | 0.00% | 1,013 | Common | SOLE |
| 69702V107 | PSBD | Palmer Square Capital BDC Inc. | $199,616 | 0.00% | 19,157 | Common | SOLE |
| 456788108 | INFY | Infosys Ltd. | $185,000 | 0.00% | 17,636 | Common | SOLE |
| G0457F107 | ARCO | Arcos Dorados Holdings Inc. | $175,692 | 0.00% | 21,798 | Common | SOLE |
| 72341E304 | PNGAY | Ping An Insurance Group Co. of | $156,978 | 0.00% | 12,029 | Common | SOLE |
| 69367X109 | PTAIY | PT Astra International Tbk | $140,999 | 0.00% | 26,857 | Common | SOLE |
| 81689T104 | ASAIY | Sendas Distribuidora S.A. | $129,432 | 0.00% | 15,372 | Common | SOLE |
| G68707101 | PAGS | Pagseguro Digital Ltd. | $125,207 | 0.00% | 13,835 | Common | SOLE |
| 939653101 | ELME | Elme Communities | $32,712 | 0.00% | 22,103 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.