Q4 2023 · 13F-HR
CONFLUENCE INVESTMENT MANAGEMENT LLCholdings as filed
Filed 2024-11-05 · accession 0001636661-24-000011
$7.07B
Reported value
294
Positions
2023-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 743315103 | PGR | Progressive Corp. | $183.1M | 2.59% | 1,149,637 | Common | SOLE |
| 833034101 | SNA | Snap-on Inc. | $174.7M | 2.47% | 604,713 | Common | SOLE |
| 311900104 | FAST | Fastenal Co. | $169.1M | 2.39% | 2,610,448 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp. | $163.9M | 2.32% | 435,989 | Common | SOLE |
| 713448108 | PEP | PepsiCo Inc. | $163.2M | 2.31% | 961,110 | Common | SOLE |
| G54950103 | LIN | Linde plc | $160.6M | 2.27% | 390,984 | Common | SOLE |
| 11133T103 | BR | Broadridge Financial Solutions | $154.0M | 2.18% | 748,519 | Common | SOLE |
| 539830109 | LMT | Lockheed Martin Corp. | $153.3M | 2.17% | 338,180 | Common | SOLE |
| H1467J104 | CB | Chubb Ltd. | $149.2M | 2.11% | 660,390 | Common | SOLE |
| 704326107 | PAYX | Paychex Inc. | $144.9M | 2.05% | 1,216,365 | Common | SOLE |
| 032654105 | ADI | Analog Devices Inc. | $141.8M | 2.00% | 714,146 | Common | SOLE |
| 437076102 | HD | Home Depot Inc. | $139.0M | 1.97% | 401,209 | Common | SOLE |
| 31620R303 | FNF | Fidelity National Financial In | $133.8M | 1.89% | 2,622,551 | Common | SOLE |
| 189054109 | CLX | Clorox Co. | $128.2M | 1.81% | 899,112 | Common | SOLE |
| 842587107 | SO | Southern Co. | $127.4M | 1.80% | 1,816,728 | Common | SOLE |
| 641069406 | NSRGY | Nestle S.A. | $121.9M | 1.72% | 1,053,794 | Common | SOLE |
| 25243Q205 | DEO | Diageo plc | $121.8M | 1.72% | 836,444 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $118.2M | 1.67% | 792,347 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive Co. | $117.6M | 1.66% | 1,475,618 | Common | SOLE |
| 74144T108 | TROW | T. Rowe Price Group Inc. | $110.1M | 1.56% | 1,022,744 | Common | SOLE |
| 375558103 | GILD | Gilead Sciences Inc. | $102.6M | 1.45% | 1,266,954 | Common | SOLE |
| 731068102 | PII | Polaris Inc. | $101.8M | 1.44% | 1,074,634 | Common | SOLE |
| 253868103 | DLR | Digital Realty Trust Inc. | $99.7M | 1.41% | 740,988 | Common | SOLE |
| 46436E718 | SGOV | iShares 0-3 Month Treasury Bon | $99.5M | 1.41% | 992,122 | Common | SOLE |
| 665859104 | NTRS | Northern Trust Corp. | $98.6M | 1.39% | 1,168,915 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc. | $97.8M | 1.38% | 1,935,720 | Common | SOLE |
| 260557103 | DOW | Dow Inc. | $95.5M | 1.35% | 1,741,908 | Common | SOLE |
| 29364G103 | ETR | Entergy Corp. | $89.2M | 1.26% | 881,763 | Common | SOLE |
| 872540109 | TJX | TJX Cos. Inc. | $87.2M | 1.23% | 929,656 | Common | SOLE |
| 902973304 | USB | U.S. Bancorp | $85.7M | 1.21% | 1,979,499 | Common | SOLE |
| 78409V104 | SPGI | S&P Global Inc. | $85.2M | 1.20% | 193,302 | Common | SOLE |
| 49456B101 | KMI | Kinder Morgan Inc. | $84.6M | 1.20% | 4,795,178 | Common | SOLE |
| 04010L103 | ARCC | Ares Capital Corp. | $84.5M | 1.19% | 4,219,744 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc. | $83.6M | 1.18% | 195,932 | Common | SOLE |
| 863667101 | SYK | Stryker Corp. | $81.4M | 1.15% | 271,827 | Common | SOLE |
| 11275Q107 | 1939900D | Brookfield Infrastructure Corp | $81.1M | 1.15% | 2,298,284 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co. | $80.8M | 1.14% | 2,322,685 | Common | SOLE |
| 754907103 | RYN | Rayonier Inc. | $79.3M | 1.12% | 2,373,640 | Common | SOLE |
| 574599106 | MAS | Masco Corp. | $68.7M | 0.97% | 1,025,660 | Common | SOLE |
| 384109104 | GGG | Graco Inc. | $67.6M | 0.96% | 778,966 | Common | SOLE |
| 084423102 | WRB | W. R. Berkley Corp. | $67.4M | 0.95% | 953,554 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp. | $65.7M | 0.93% | 684,049 | Common | SOLE |
| 452308109 | ITW | Illinois Tool Works Inc. | $65.1M | 0.92% | 248,510 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. | $63.7M | 0.90% | 451,666 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corp. | $62.9M | 0.89% | 596,197 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc. - B | $60.3M | 0.85% | 168,958 | Common | SOLE |
| 570535104 | MKL | Markel Corp. Inc. | $57.5M | 0.81% | 40,508 | Common | SOLE |
| 548661107 | LOW | Lowe's Cos. Inc. | $57.0M | 0.81% | 256,240 | Common | SOLE |
| N6596X109 | NXPI | NXP Semiconductors N.V. | $53.6M | 0.76% | 233,287 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp. | $53.4M | 0.75% | 1,331,182 | Common | SOLE |
| 49338L103 | KEYS | Keysight Technologies Inc. | $50.9M | 0.72% | 319,864 | Common | SOLE |
| 911312106 | UPS | United Parcel Service Inc. | $50.5M | 0.71% | 321,094 | Common | SOLE |
| 78464A383 | SPMB | SPDR Portfolio Mortgage Backed | $48.7M | 0.69% | 2,207,636 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc. | $48.5M | 0.69% | 13,683 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific Inc. | $46.5M | 0.66% | 87,569 | Common | SOLE |
| 46137V472 | XMHQ | Invesco S&P MidCap Quality ETF | $44.2M | 0.62% | 498,312 | Common | SOLE |
| 115236101 | BRO | Brown & Brown Inc. | $42.1M | 0.59% | 591,834 | Common | SOLE |
| 655663102 | NDSN | Nordson Corp. | $42.0M | 0.59% | 158,814 | Common | SOLE |
| 78464A821 | MDYG | SPDR S&P 400 Mid Cap Growth ET | $32.6M | 0.46% | 431,403 | Common | SOLE |
| 69374H857 | CALF | Pacer US Small Cap Cash Cows 1 | $32.4M | 0.46% | 674,038 | Common | SOLE |
| 464287663 | IUSV | iShares Core S&P US Value ETF | $31.9M | 0.45% | 378,244 | Common | SOLE |
| 427866108 | HSY | Hershey Co. | $30.7M | 0.43% | 164,727 | Common | SOLE |
| 46436E841 | IBTH | iShares iBonds Dec 2027 Term T | $30.5M | 0.43% | 1,362,988 | Common | SOLE |
| 26484T106 | DNB | Dun & Bradstreet Holdings Inc. | $28.6M | 0.40% | 2,441,856 | Common | SOLE |
| 464288653 | TLH | iShares Barclays 10-20 Year Tr | $28.2M | 0.40% | 260,573 | Common | SOLE |
| G21810109 | CLVT | Clarivate plc | $28.0M | 0.40% | 3,021,190 | Common | SOLE |
| 824348106 | SHW | Sherwin-Williams Co. | $27.0M | 0.38% | 86,647 | Common | SOLE |
| 032095101 | APH | Amphenol Corp. | $26.8M | 0.38% | 270,413 | Common | SOLE |
| 46435U473 | HYBB | iShares BB Rated Corporate Bon | $26.6M | 0.38% | 578,330 | Common | SOLE |
| 580135101 | MCD | McDonald's Corp. | $25.2M | 0.36% | 84,909 | Common | SOLE |
| 302130109 | EXPD | Expeditors International of Wa | $24.6M | 0.35% | 193,464 | Common | SOLE |
| 78464A839 | MDYV | SPDR S&P 400 Mid Cap Value ETF | $24.3M | 0.34% | 331,507 | Common | SOLE |
| 278865100 | ECL | Ecolab Inc. | $24.1M | 0.34% | 121,371 | Common | SOLE |
| 773903109 | ROK | Rockwell Automation Inc. | $23.8M | 0.34% | 76,790 | Common | SOLE |
| 369550108 | GD | General Dynamics Corp. | $23.7M | 0.34% | 91,263 | Common | SOLE |
| 26875P101 | EOG | EOG Resources Inc. | $23.4M | 0.33% | 193,497 | Common | SOLE |
| 159864107 | CRL | Charles River Laboratories Int | $23.0M | 0.32% | 97,214 | Common | SOLE |
| 257651109 | DCI | Donaldson Co. Inc. | $22.3M | 0.31% | 340,822 | Common | SOLE |
| 891092108 | TTC | Toro Co. | $21.9M | 0.31% | 227,744 | Common | SOLE |
| 09789C861 | XONE | BondBloxx Bloomberg One Year T | $21.8M | 0.31% | 438,363 | Common | SOLE |
| 009158106 | APD | Air Products and Chemicals Inc | $21.5M | 0.30% | 78,695 | Common | SOLE |
| 928881101 | VNT | Vontier Corp. | $21.5M | 0.30% | 621,310 | Common | SOLE |
| G39108108 | GTES | Gates Industrial Corp. plc | $21.5M | 0.30% | 1,598,489 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co. | $21.2M | 0.30% | 144,545 | Common | SOLE |
| 617700109 | MORN | Morningstar Inc. | $20.4M | 0.29% | 71,391 | Common | SOLE |
| 46435GAA0 | IBDR | iShares iBonds Dec 2026 Term C | $20.1M | 0.28% | 841,982 | Common | SOLE |
| 646025106 | NJR | New Jersey Resources Corp. | $20.0M | 0.28% | 447,769 | Common | SOLE |
| 46436E858 | IBTG | iShares iBonds Dec 2026 Term T | $19.7M | 0.28% | 861,827 | Common | SOLE |
| 075887109 | BDX | Becton Dickinson and Co. | $19.3M | 0.27% | 79,132 | Common | SOLE |
| 654106103 | NKE | NIKE Inc. | $18.7M | 0.26% | 171,900 | Common | SOLE |
| 030420103 | AWK | American Water Works Co. Inc. | $18.4M | 0.26% | 139,431 | Common | SOLE |
| 256746108 | DLTR | Dollar Tree Inc. | $18.3M | 0.26% | 128,596 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Materials Inc. | $18.2M | 0.26% | 36,525 | Common | SOLE |
| 92939U106 | WEC | WEC Energy Group Inc. | $18.0M | 0.25% | 213,473 | Common | SOLE |
| 78464A201 | SLYG | SPDR S&P 600 Small Cap Growth | $16.9M | 0.24% | 201,585 | Common | SOLE |
| G5960L103 | MDT | Medtronic plc | $16.8M | 0.24% | 203,715 | Common | SOLE |
| 98149E303 | GLDM | SPDR Gold MiniShares Trust ETF | $14.2M | 0.20% | 347,041 | Common | SOLE |
| 46436E874 | IBTE | iShares iBonds Dec 2024 Term T | $14.2M | 0.20% | 593,073 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF | $14.1M | 0.20% | 29,589 | Common | SOLE |
| 78464a508 | — | SPDR Portfolio S&P 500 Value E | $13.5M | 0.19% | 288,785 | Common | SOLE |
| 46090F100 | PDBC | Invesco Optimum Yield Diversif | $12.3M | 0.17% | 921,939 | Common | SOLE |
| 84790a105 | — | Spectrum Brands Holdings Inc. | $12.2M | 0.17% | 153,423 | Common | SOLE |
| 05478C105 | AZEK | Azek Co. Inc. | $11.8M | 0.17% | 308,986 | Common | SOLE |
| 49271V100 | KDP | Keurig Dr. Pepper Inc. | $11.7M | 0.17% | 352,169 | Common | SOLE |
| 25434V849 | DFNM | Dimensional National Municipal | $11.2M | 0.16% | 230,951 | Common | SOLE |
| 26614N102 | DD | DuPont de Nemours Inc. | $11.0M | 0.16% | 143,585 | Common | SOLE |
| 466032109 | JJSF | J & J Snack Foods Corp. | $10.9M | 0.15% | 64,935 | Common | SOLE |
| 37954Y871 | URA | Global X Uranium ETF | $10.8M | 0.15% | 390,737 | Common | SOLE |
| 143130102 | KMX | CarMax Inc. | $10.7M | 0.15% | 138,891 | Common | SOLE |
| 46436E296 | IBTM | iShares iBonds Dec 2032 Term T | $9.9M | 0.14% | 427,591 | Common | SOLE |
| 46436E833 | IBTI | iShares iBonds Dec 2028 Term T | $9.9M | 0.14% | 444,001 | Common | SOLE |
| 464287598 | IWD | iShares Russell 1000 Value ETF | $9.1M | 0.13% | 55,119 | Common | SOLE |
| 46434VBG4 | IBDP | iShares iBonds Dec 2024 Term C | $8.8M | 0.12% | 354,529 | Common | SOLE |
| 46138E537 | PZA | Powershares Insured National M | $8.8M | 0.12% | 364,192 | Common | SOLE |
| 92206C813 | VCLT | Vanguard Long Term Corporate B | $8.4M | 0.12% | 104,243 | Common | SOLE |
| 46138j825 | — | Invesco BulletShares 2025 Corp | $8.3M | 0.12% | 405,917 | Common | SOLE |
| 78464A375 | SPIB | SPDR Portfolio Intermediate Te | $8.2M | 0.12% | 248,833 | Common | SOLE |
| 46436e593 | — | iShares iBonds December 2030 T | $8.1M | 0.11% | 411,131 | Common | SOLE |
| 46436E866 | — | iShares iBonds Dec 2025 Term T | $8.1M | 0.11% | 347,078 | Common | SOLE |
| 46436E825 | IBTJ | iShares iBonds Dec 2029 Term T | $7.8M | 0.11% | 360,028 | Common | SOLE |
| 78464A409 | SPYG | SPDR Portfolio S&P 500 Growth | $7.4M | 0.10% | 113,122 | Common | SOLE |
| 46138J486 | BSMS | Invesco BulletShares 2028 Muni | $6.9M | 0.10% | 289,275 | Common | SOLE |
| 427096508 | HTGC | Hercules Capital Inc. | $6.5M | 0.09% | 387,424 | Common | SOLE |
| 46138J536 | BSMO | Invesco BulletShares 2024 Muni | $6.4M | 0.09% | 257,227 | Common | SOLE |
| 46138j411 | — | Invesco BulletShares 2031 Muni | $6.2M | 0.09% | 288,053 | Common | SOLE |
| 46138J494 | BSMR | Invesco BulletShares 2027 Muni | $6.2M | 0.09% | 260,585 | Common | SOLE |
| 46435U697 | — | iShares iBonds Dec 2024 Term M | $5.8M | 0.08% | 223,581 | Common | SOLE |
| 46138J510 | BSMQ | Invesco BulletShares 2026 Muni | $5.6M | 0.08% | 236,096 | Common | SOLE |
| 56035L104 | MAIN | Main Street Capital Corp. | $5.6M | 0.08% | 129,288 | Common | SOLE |
| 46138J528 | — | Invesco BulletShares 2025 Muni | $5.6M | 0.08% | 227,274 | Common | SOLE |
| 75524B104 | RBC | RBC Bearings Inc. | $5.5M | 0.08% | 19,403 | Common | SOLE |
| 860372101 | STC | Stewart Information Services | $5.3M | 0.08% | 90,712 | Common | SOLE |
| 38173M102 | GBDC | Golub Capital BDC Inc. | $5.3M | 0.08% | 352,073 | Common | SOLE |
| 09261X102 | BXSL | Blackstone Secured Lending Fun | $5.2M | 0.07% | 188,459 | Common | SOLE |
| 78464A755 | XME | SPDR S&P Metals & Mining ETF | $5.0M | 0.07% | 82,909 | Common | SOLE |
| 896945201 | TRIP | TripAdvisor Inc. | $4.8M | 0.07% | 222,521 | Common | SOLE |
| 83012A109 | TSLX | Sixth Street Specialty Lending | $4.8M | 0.07% | 221,719 | Common | SOLE |
| 647551100 | NMFC | New Mountain Finance Corp. | $4.8M | 0.07% | 375,589 | Common | SOLE |
| 464288760 | ITA | iShares US Aerospace & Defense | $4.8M | 0.07% | 37,634 | Common | SOLE |
| 149568107 | CVCO | Cavco Industries Inc. | $4.7M | 0.07% | 13,462 | Common | SOLE |
| 09259e108 | — | BlackRock TCP Capital Corp. | $4.6M | 0.07% | 398,695 | Common | SOLE |
| 48282T104 | KAI | Kadant Inc. | $4.6M | 0.06% | 16,345 | Common | SOLE |
| 974637100 | WGO | Winnebago Industries Inc. | $4.5M | 0.06% | 62,053 | Common | SOLE |
| 78464A284 | HYMB | SPDR Nuveen S&P High Yield Mun | $4.5M | 0.06% | 177,493 | Common | SOLE |
| 708062104 | PNNT | PennantPark Investment Corp. | $4.4M | 0.06% | 641,557 | Common | SOLE |
| 06759l103 | — | Barings BDC Inc. | $4.3M | 0.06% | 502,263 | Common | SOLE |
| 92189F536 | MLN | VanEck Vectors Long Municipal | $4.1M | 0.06% | 226,755 | Common | SOLE |
| 46435UAA9 | IBDS | iShares iBonds Dec 2027 Term C | $4.1M | 0.06% | 171,682 | Common | SOLE |
| 784305104 | HTO | SJW Group | $4.1M | 0.06% | 62,096 | Common | SOLE |
| 624580106 | MOV | Movado Group Inc. | $4.0M | 0.06% | 131,435 | Common | SOLE |
| 81369Y704 | XLI | SPDR Industrial Select Sector | $3.9M | 0.06% | 34,645 | Common | SOLE |
| 55303J106 | MGPI | MGP Ingredients Inc. | $3.9M | 0.06% | 39,692 | Common | SOLE |
| 28035Q102 | EPC | Edgewell Personal Care Co. | $3.9M | 0.06% | 106,495 | Common | SOLE |
| 573075108 | MRTN | Marten Transport Ltd. | $3.8M | 0.05% | 183,320 | Common | SOLE |
| 902673102 | UFPT | UFP Technologies Inc. | $3.8M | 0.05% | 21,857 | Common | SOLE |
| 800422107 | JBSS | John B Sanfilippo & Son Inc. | $3.7M | 0.05% | 35,922 | Common | SOLE |
| 46434VBD1 | IBDQ | iShares iBonds Dec 2025 Term C | $3.7M | 0.05% | 148,454 | Common | SOLE |
| 71375U101 | PRFTUSD | Perficient Inc. | $3.7M | 0.05% | 55,565 | Common | SOLE |
| 421298100 | HAYW | Hayward Holdings Inc. | $3.6M | 0.05% | 266,918 | Common | SOLE |
| 477839104 | JBTM | John Bean Technologies Corp. | $3.6M | 0.05% | 35,855 | Common | SOLE |
| 46571Y107 | IIIV | i3 Verticals Inc. | $3.5M | 0.05% | 163,355 | Common | SOLE |
| 05589g102 | — | BRP Group Inc. | $3.3M | 0.05% | 138,604 | Common | SOLE |
| 019330109 | ALNT | Allient Inc. | $3.2M | 0.05% | 105,849 | Common | SOLE |
| 405166109 | HGTY | Hagerty Inc. | $3.2M | 0.05% | 408,868 | Common | SOLE |
| 81369Y506 | XLE | SPDR Energy Select Sector ETF | $3.2M | 0.04% | 37,874 | Common | SOLE |
| 35471R106 | FSP | Franklin Street Properties Cor | $3.0M | 0.04% | 1,181,656 | Common | NONE |
| 78463X889 | SPDW | SPDR Portfolio Developed World | $3.0M | 0.04% | 88,770 | Common | SOLE |
| 83413U100 | SLRC | SLR Investment Corp. | $3.0M | 0.04% | 198,354 | Common | SOLE |
| 27923Q109 | ECVT | Ecovyst Inc. | $3.0M | 0.04% | 304,171 | Common | SOLE |
| 69121K104 | OBDC | Blue Owl Capital Corp. | $2.9M | 0.04% | 199,048 | Common | SOLE |
| 13765N107 | CNNE | Cannae Holdings Inc. | $2.9M | 0.04% | 150,005 | Common | SOLE |
| 084670108 | BRK/A | Berkshire Hathaway Inc. - A | $2.7M | 0.04% | 5 | Common | SOLE |
| 38147U107 | GSBD | Goldman Sachs BDC Inc. | $2.7M | 0.04% | 185,168 | Common | SOLE |
| 21867A105 | CLB | Core Laboratories N.V. | $2.6M | 0.04% | 148,667 | Common | SOLE |
| 02875D109 | AOUT | American Outdoor Brands Inc. | $2.4M | 0.03% | 281,130 | Common | SOLE |
| 140501107 | CSWC | Capital Southwest Corp. | $2.3M | 0.03% | 96,099 | Common | SOLE |
| 035710839 | NLY | Annaly Capital Management Inc. | $2.1M | 0.03% | 110,648 | Common | SOLE |
| 00123q104 | — | AGNC Investment Corp. | $2.1M | 0.03% | 211,958 | Common | SOLE |
| 46435U432 | — | iShares iBonds Dec 2025 Term M | $2.1M | 0.03% | 77,628 | Common | SOLE |
| 464287630 | IWN | iShares Russell 2000 Value ETF | $2.0M | 0.03% | 12,920 | Common | SOLE |
| 66765N105 | NWN | Northwest Natural Holding Co. | $1.9M | 0.03% | 47,925 | Common | SOLE |
| 35473P744 | FLJP | Franklin FTSE Japan ETF | $1.8M | 0.03% | 63,939 | Common | SOLE |
| 421906108 | HCSG | Healthcare Services Group Inc. | $1.8M | 0.02% | 170,102 | Common | SOLE |
| 09260D107 | BX | Blackstone Group LP | $1.4M | 0.02% | 11,000 | Common | SHARED |
| G7T16G103 | S3P | Sapiens International Corp NV | $1.3M | 0.02% | 46,116 | Common | SOLE |
| 67103B100 | OFS | OFS Capital Corp. | $1.3M | 0.02% | 109,316 | Common | SOLE |
| 767204100 | RIO | Rio Tinto plc | $1.2M | 0.02% | 16,586 | Common | SOLE |
| 225655109 | CCAP | Crescent Capital BDC Inc. | $1.2M | 0.02% | 69,535 | Common | SOLE |
| M2682V108 | CYBR | CyberArk Software Ltd. | $1.2M | 0.02% | 5,511 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufactu | $1.1M | 0.02% | 10,951 | Common | SOLE |
| 670100205 | NVO | Novo Nordisk A.S. | $1.1M | 0.02% | 10,916 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp. | $1.1M | 0.02% | 9,887 | Common | SOLE |
| G1151C101 | ACN | Accenture plc | $1.1M | 0.02% | 3,122 | Common | SOLE |
| G4705A100 | ICLR | ICON plc | $1.1M | 0.02% | 3,857 | Common | SOLE |
| 73688F201 | BCIC | Portman Ridge Finance Corp. | $1.1M | 0.02% | 58,360 | Common | SOLE |
| 008474108 | AEM | Agnico Eagle Mines Ltd. | $1.0M | 0.01% | 18,991 | Common | SOLE |
| 05684B107 | BCSF | Bain Capital Specialty Finance | $1.0M | 0.01% | 67,320 | Common | SOLE |
| 502117203 | LRLCY | L'Oreal S.A. | $1.0M | 0.01% | 10,122 | Common | SOLE |
| 302635206 | FSK | FS KKR Capital Corp. | $1.0M | 0.01% | 50,333 | Common | SOLE |
| 93114W107 | WMMVY | Wal-Mart de Mexico S.A.B. de C | $987,568 | 0.01% | 23,391 | Common | SOLE |
| 13321L108 | CCJ | Cameco Corp. | $966,130 | 0.01% | 22,416 | Common | SOLE |
| 780259305 | SHEL | Shell plc | $964,431 | 0.01% | 14,657 | Common | SOLE |
| 989825104 | ZURVY | Zurich Insurance Group A.G. | $911,118 | 0.01% | 17,426 | Common | SOLE |
| 896442308 | TRIN | Trinity Capital Inc. | $826,742 | 0.01% | 56,899 | Common | SOLE |
| 89151E109 | TTEN | TotalEnergies S.E. | $813,950 | 0.01% | 12,080 | Common | SOLE |
| 464288661 | IEI | iShares 3-7 Year Treasury Bond | $812,882 | 0.01% | 6,940 | Common | SOLE |
| G96629103 | WTW | Willis Towers Watson plc | $806,090 | 0.01% | 3,342 | Common | SOLE |
| 26251A108 | DSDVY | DSV A.S. | $801,478 | 0.01% | 9,127 | Common | SOLE |
| N00985106 | AER | AerCap Holdings N.V. | $800,798 | 0.01% | 10,775 | Common | SOLE |
| 606822104 | MUFG | Mitsubishi UFJ Financial | $784,294 | 0.01% | 91,091 | Common | SOLE |
| 835699307 | SONY | Sony Group Corp. | $767,841 | 0.01% | 8,109 | Common | SOLE |
| 67401P405 | OCSL | Oaktree Specialty Lending Corp | $763,688 | 0.01% | 37,399 | Common | SOLE |
| 799926100 | SDZNY | Sandoz Group | $755,692 | 0.01% | 23,608 | Common | SOLE |
| 23304y100 | — | DBS Group Holdings Ltd. | $739,097 | 0.01% | 7,299 | Common | SOLE |
| 803054204 | SAP | SAP S.E. | $705,858 | 0.01% | 4,566 | Common | SOLE |
| 060505104 | BAC | Bank of America Corp. | $699,966 | 0.01% | 20,789 | Common | SOLE |
| 502441306 | LVMUY | LVMH Moet Hennessy Louis Vuitt | $697,723 | 0.01% | 4,295 | Common | SOLE |
| 456837103 | ING | ING Groep N.V. | $693,939 | 0.01% | 46,201 | Common | SOLE |
| 82509L107 | SHOP | Shopify Inc. | $686,766 | 0.01% | 8,816 | Common | SOLE |
| 405552100 | HLN | Haleon plc | $675,716 | 0.01% | 82,104 | Common | SOLE |
| 76206K107 | RNMBY | Rheinmetall AG | $659,815 | 0.01% | 10,308 | Common | SOLE |
| 84265V105 | SCCO | Southern Copper Corp. | $653,702 | 0.01% | 7,595 | Common | SOLE |
| 05565A202 | BNPQY | BNP Paribas S.A. | $636,715 | 0.01% | 18,328 | Common | SOLE |
| 654445303 | NTDOY | Nintendo Co. Ltd. | $625,014 | 0.01% | 48,115 | Common | SOLE |
| 20825C104 | COP | ConocoPhillips | $611,341 | 0.01% | 5,267 | Common | SOLE |
| 606827202 | MITSY | Mitsui & Co. Ltd. | $597,620 | 0.01% | 799 | Common | SOLE |
| 46434G103 | IEMG | iShares Core MSCI Emerging Mar | $597,400 | 0.01% | 11,811 | Common | SOLE |
| 693483109 | PKX | POSCO Holdings Inc. | $586,977 | 0.01% | 6,172 | Common | SOLE |
| 845467109 | SWN1EUR | Southwestern Energy Co. | $586,651 | 0.01% | 89,565 | Common | SOLE |
| 25278X109 | FANG | Diamondback Energy Inc. | $579,844 | 0.01% | 3,739 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management | $579,613 | 0.01% | 14,429 | Common | SOLE |
| 962879102 | WPM | Wheaton Precious Metals Corp. | $570,765 | 0.01% | 11,568 | Common | SOLE |
| 165167735 | EXE | Chesapeake Energy Corp. | $549,813 | 0.01% | 7,146 | Common | SOLE |
| 78445W306 | SMCAY | SMC Corp. | $542,571 | 0.01% | 20,321 | Common | SOLE |
| 464285204 | IAU | iShares Gold Trust ETF | $533,384 | 0.01% | 13,666 | Common | SOLE |
| 916896103 | UEC | Uranium Energy Corp. | $531,782 | 0.01% | 83,091 | Common | SOLE |
| 780287108 | RGLD | Royal Gold Inc. | $530,289 | 0.01% | 4,384 | Common | SOLE |
| 35671D857 | FCX | Freeport-McMoRan Inc. | $528,847 | 0.01% | 12,423 | Common | SOLE |
| G0398N128 | ANFGF | Antofagasta PLC ADR | $527,780 | 0.01% | 24,199 | Common | SOLE |
| 980228308 | WDS | Woodside Energy Group Ltd. | $516,705 | 0.01% | 24,500 | Common | SOLE |
| 723787107 | PXDEUR | Pioneer Natural Resources Co. | $506,645 | 0.01% | 2,253 | Common | SOLE |
| 42809H107 | HES | Hess Corp. | $504,704 | 0.01% | 3,501 | Common | SOLE |
| 127097103 | CTRA | Coterra Energy Inc. | $500,549 | 0.01% | 19,614 | Common | SOLE |
| 088606108 | BHP | BHP Billiton Ltd. | $499,893 | 0.01% | 7,318 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp. | $498,400 | 0.01% | 4,985 | Common | SOLE |
| G6095L109 | — | Aptiv plc | $493,639 | 0.01% | 5,502 | Common | SOLE |
| 500458401 | KMTUY | Komatsu Ltd. | $471,122 | 0.01% | 18,148 | Common | SOLE |
| 576690101 | MTRN | Materion Corp. | $470,940 | 0.01% | 3,619 | Common | SOLE |
| 37827X100 | GLNCY | Glencore plc | $469,736 | 0.01% | 39,210 | Common | SOLE |
| 067901108 | ABX | Barrick Gold Corp. | $462,435 | 0.01% | 25,563 | Common | SOLE |
| V5633W109 | MMYT | MakeMyTrip Ltd. | $459,089 | 0.01% | 9,772 | Common | SOLE |
| 811916105 | SA | Seabridge Gold Inc. | $458,417 | 0.01% | 37,792 | Common | SOLE |
| 124765108 | CAE | CAE Inc. | $453,584 | 0.01% | 21,009 | Common | SOLE |
| 248356107 | DNN | Denison Mines Corp. | $451,162 | 0.01% | 254,894 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $449,616 | 0.01% | 2,400 | Common | SOLE |
| 651639106 | NEM | Newmont Mining Corp. | $417,572 | 0.01% | 10,089 | Common | SOLE |
| 344419106 | FMX | Fomento Economico Mexicano S.A | $412,977 | 0.01% | 3,168 | Common | SOLE |
| 03674X106 | AR | Antero Resources Corp. | $409,623 | 0.01% | 18,061 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. | $396,161 | 0.01% | 2,836 | Common | SOLE |
| 61945C103 | MOS | Mosaic Co. | $393,888 | 0.01% | 11,024 | Common | SOLE |
| 771195104 | RHHBY | Roche Holding A.G. | $390,378 | 0.01% | 10,775 | Common | SOLE |
| 46432F842 | IEFA | iShares Core MSCI EAFE ETF | $378,905 | 0.01% | 5,386 | Common | SOLE |
| 58733R102 | MELI | MercadoLibre Inc. | $374,027 | 0.01% | 238 | Common | SOLE |
| 464287200 | IVV | iShares Core S&P 500 ETF | $369,208 | 0.01% | 773 | Common | SOLE |
| 013872106 | AA | Alcoa Corp. | $353,192 | 0.00% | 10,388 | Common | SOLE |
| 46139W833 | BSMW | Invesco BulletShares 2032 Munc | $339,067 | 0.00% | 13,011 | Common | SOLE |
| 46436E163 | IBMR | iShares iBonds Dec 2029 Term M | $329,882 | 0.00% | 12,886 | Common | SOLE |
| 46435U283 | IBMP | iShares iBonds Dec 2027 Term M | $318,120 | 0.00% | 12,517 | Common | SOLE |
| 46138J445 | BSMU | Invesco BulletShares 2030 Muni | $315,248 | 0.00% | 14,061 | Common | SOLE |
| 833635105 | SQM | Sociedad Quimica y Minera de C | $315,131 | 0.00% | 5,233 | Common | SOLE |
| 46435U325 | IBMQ | iShares iBonds Dec 2028 Term M | $311,917 | 0.00% | 12,189 | Common | SOLE |
| 92837L109 | VIST | Vista Energy S.A.B. de C.V. | $311,567 | 0.00% | 10,558 | Common | SOLE |
| 46435U259 | IBMO | iShares iBonds Dec 2026 Term M | $310,877 | 0.00% | 12,186 | Common | SOLE |
| 53956W300 | LZRFY | Localiza Rent a Car S.A. | $291,276 | 0.00% | 22,475 | Common | SOLE |
| 38059t106 | — | Gold Fields Ltd. | $285,440 | 0.00% | 19,740 | Common | SOLE |
| 40052P107 | GBOOY | Grupo Financiero Banorte S.A.B | $283,586 | 0.00% | 5,648 | Common | SOLE |
| 21240E105 | VLRS | Controladora Vuela Cia de Avia | $272,283 | 0.00% | 29,028 | Common | SOLE |
| G29183103 | ETN | Eaton Corp. plc | $262,253 | 0.00% | 1,089 | Common | SOLE |
| 256135203 | RDY | Dr Reddy's Laboratories Ltd. | $259,881 | 0.00% | 3,735 | Common | SOLE |
| 231561101 | CW | Curtiss-Wright Corp. | $258,436 | 0.00% | 1,160 | Common | SOLE |
| 45104g104 | — | ICICI Bank Ltd. | $257,329 | 0.00% | 10,794 | Common | SOLE |
| 191241108 | KOF | Coca-Cola Femsa SAB de CV | $256,001 | 0.00% | 2,705 | Common | SOLE |
| 46436F103 | IAUM | iShares Gold Trust Micro | $242,256 | 0.00% | 11,760 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA Corp. | $241,172 | 0.00% | 487 | Common | SOLE |
| 40415F101 | HDB | HDFC Bank Ltd. | $230,657 | 0.00% | 3,437 | Common | SOLE |
| 488401100 | KMPR | Kemper Corp. | $217,555 | 0.00% | 4,470 | Common | SOLE |
| 48241a105 | — | KB Financial Group Inc. | $202,821 | 0.00% | 4,903 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Corp. | $200,664 | 0.00% | 304 | Common | SOLE |
| 91912E105 | VALE | Vale S.A. | $188,242 | 0.00% | 11,869 | Common | SOLE |
| 279158109 | EC | Ecopetrol S.A. | $150,693 | 0.00% | 12,642 | Common | SOLE |
| 466110103 | — | JBS S.A. | $119,882 | 0.00% | 11,846 | Common | SOLE |
| 69367X109 | PTAIY | PT Astra International Tbk | $110,951 | 0.00% | 15,116 | Common | SOLE |
| 98260N108 | WXXWY | Wuxi Biologics Cayman Inc. | $92,209 | 0.00% | 12,377 | Common | SOLE |
| 825252406 | TRPXX | Invesco Treasury Portfolio | $19,931 | 0.00% | 19,931 | 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.