0001636661-24-000007.txt : 20240701 0001636661-24-000007.hdr.sgml : 20240701 20240701131513 ACCESSION NUMBER: 0001636661-24-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240701 DATE AS OF CHANGE: 20240701 EFFECTIVENESS DATE: 20240701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONFLUENCE INVESTMENT MANAGEMENT LLC CENTRAL INDEX KEY: 0001442056 ORGANIZATION NAME: IRS NUMBER: 261764456 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13334 FILM NUMBER: 241089529 BUSINESS ADDRESS: STREET 1: 20 ALLEN AVENUE, SUITE 300 CITY: ST. LOUIS STATE: MO ZIP: 63119 BUSINESS PHONE: 314-743-5090 MAIL ADDRESS: STREET 1: 20 ALLEN AVENUE, SUITE 300 CITY: ST. LOUIS STATE: MO ZIP: 63119 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false true true 0001442056 XXXXXXXX 06-30-2024 06-30-2024 CONFLUENCE INVESTMENT MANAGEMENT LLC

20 ALLEN AVENUE, SUITE 300 ST. LOUIS MO 63119

13F HOLDINGS REPORT 028-13334 000146019 801-68723 N Steven P. Farmer 314-743-5298 Steven Farmer Naperville IL 07-01-2024 1 358 6929083097 false 1 028-06487 First Trust Advisors LP INFORMATION TABLE 2 inftable.xml A. O. Smith Corp. COM 831865209 22288153 272538 SH SOLE 271741 0 797 abrdn Physical Silver Shares E COM 003264108 2675118 96089 SH SOLE 96089 0 0 Accenture plc COM G1151C101 994275 3277 SH SOLE 3173 0 104 AerCap Holdings N.V. COM N00985106 1092863 11726 SH SOLE 11361 0 365 AGNC Investment Corp. COM 00123q104 18679 1958 SH SOLE 1958 0 0 AGNC Investment Corp. COM 00123q104 1001700 105000 SH DFND 01 0 105000 0 Agnico Eagle Mines Ltd. COM 008474108 1265364 19348 SH SOLE 19038 0 310 Air Products and Chemicals Inc COM 009158106 23709967 91881 SH SOLE 91663 0 218 Alcoa Corp. COM 013872106 454606 11428 SH SOLE 11428 0 0 Allient Inc. COM 019330109 1708015 67591 SH SOLE 67591 0 0 Allient Inc. COM 019330109 357318 14140 SH DFND 01 0 14140 0 Alphabet Inc. COM 02079K107 76453876 416824 SH SOLE 416035 0 789 Alphabet Inc. COM 02079K305 275229 1511 SH SOLE 1511 0 0 American Express Co. COM 025816109 555720 2400 SH SOLE 2400 0 0 American Outdoor Brands Inc. COM 02875D109 1511644 167960 SH SOLE 167960 0 0 American Outdoor Brands Inc. COM 02875D109 342477 38053 SH DFND 01 0 38053 0 American Water Works Co. Inc. COM 030420103 18906364 146379 SH SOLE 145999 0 380 Ameriprise Financial Inc. COM 03076C106 205051 480 SH SOLE 480 0 0 Amphenol Corp. COM 032095101 24885062 369379 SH SOLE 368331 0 1048 Amplify Cyber Security ETF COM 032108664 3546363 54787 SH SOLE 54787 0 0 Analog Devices Inc. COM 032654105 151338962 663011 SH SOLE 660550 0 2462 Annaly Capital Management Inc. COM 035710839 12351 648 SH SOLE 648 0 0 Annaly Capital Management Inc. COM 035710839 2573100 135000 SH DFND 01 0 135000 0 Antero Resources Corp. COM 03674X106 603622 18499 SH SOLE 18499 0 0 Antofagasta PLC ADR COM G0398N128 657336 24189 SH SOLE 24189 0 0 Arcos Dorados Holdings Inc. COM G0457F107 152847 16983 SH SOLE 16983 0 0 Ares Capital Corp. COM 04010L103 76536439 3672574 SH SOLE 3657503 0 15071 Ares Capital Corp. COM 04010L103 2084000 100000 SH DFND 01 0 100000 0 Azek Co. Inc. COM 05478C105 9713556 230561 SH SOLE 229914 0 647 Azek Co. Inc. COM 05478C105 721350 17122 SH DFND 01 0 17122 0 BAE Systems plc COM 05523r107 681937 10201 SH SOLE 9829 0 372 Bain Capital Specialty Finance COM 05684B107 302045 18519 SH SOLE 18519 0 0 Bain Capital Specialty Finance COM 05684B107 1631000 100000 SH DFND 01 0 100000 0 Baldwin Group COM 05589g102 11269032 317706 SH SOLE 316936 0 770 Baldwin Group COM 05589g102 996104 28083 SH DFND 01 0 28083 0 Bank of America Corp. COM 060505104 23504 591 SH SOLE 591 0 0 Bank of America Corp. COM 060505104 397700 10000 SH DFND 01 0 10000 0 Barings BDC Inc. COM 06759l103 1162219 119447 SH SOLE 119447 0 0 Barings BDC Inc. COM 06759l103 3794700 390000 SH DFND 01 0 390000 0 Barrick Gold Corp. COM 067901108 451895 27092 SH SOLE 27092 0 0 Becton Dickinson and Co. COM 075887109 19005171 81319 SH SOLE 81091 0 228 Berkshire Hathaway Inc. - A COM 084670108 3061205 5 SH SOLE 5 0 0 Berkshire Hathaway Inc. - B COM 084670702 62928909 154692 SH SOLE 154403 0 289 Berkshire Hathaway Inc. - B COM 084670702 1830600 4500 SH DFND 01 0 4500 0 Betterware de Mexico SAPI de C COM P1666E105 160476 10984 SH SOLE 10984 0 0 BHP Billiton Ltd. COM 088606108 443703 7772 SH SOLE 7772 0 0 BlackRock TCP Capital Corp. COM 09259e108 596678 55248 SH SOLE 55248 0 0 BlackRock TCP Capital Corp. COM 09259e108 2289600 212000 SH DFND 01 0 212000 0 Blackstone Group LP COM 09260D107 1361800 11000 SH DFND 01 0 11000 0 Blackstone Secured Lending Fun COM 09261X102 918233 29988 SH SOLE 29988 0 0 Blackstone Secured Lending Fun COM 09261X102 4899200 160000 SH DFND 01 0 160000 0 Blue Owl Capital Corp III COM 69122G102 827946 55307 SH SOLE 55307 0 0 Blue Owl Capital Corp III COM 69122G102 2662444 177852 SH DFND 01 0 177852 0 BNP Paribas S.A. COM 05565A202 657681 20463 SH SOLE 19754 0 709 Booking Holdings Inc. COM 09857L108 49419754 12475 SH SOLE 12454 0 21 Broadridge Financial Solutions COM 11133T103 128647499 653033 SH SOLE 650461 0 2572 Brookfield Asset Management COM 113004105 3420353 89891 SH SOLE 89891 0 0 Brookfield Infrastructure Corp COM 11275Q107 77807798 2311580 SH SOLE 2302101 0 9479 Brown & Brown Inc. COM 115236101 48717730 544880 SH SOLE 543388 0 1492 Brown & Brown Inc. COM 115236101 699633 7825 SH DFND 01 0 7825 0 CAE Inc. 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COM 351858105 577074 4869 SH SOLE 4869 0 0 Franklin FTSE Japan ETF COM 35473P744 8231946 286229 SH SOLE 286229 0 0 Franklin Street Properties Cor COM 35471R106 1884434 1231656 SH SOLE 40000 0 1191656 Freeport-McMoRan Inc. COM 35671D857 608909 12529 SH SOLE 12529 0 0 FS KKR Capital Corp. COM 302635206 259982 13177 SH SOLE 13177 0 0 FS KKR Capital Corp. COM 302635206 759605 38500 SH DFND 01 0 38500 0 Gates Industrial Corp. plc COM G39108108 17013568 1076127 SH SOLE 1072848 0 3279 Gates Industrial Corp. plc COM G39108108 695102 43966 SH DFND 01 0 43966 0 General Dynamics Corp. COM 369550108 25751546 88756 SH SOLE 88465 0 291 Gilead Sciences Inc. COM 375558103 82519196 1202728 SH SOLE 1197963 0 4765 Glencore plc COM 37827X100 463012 40830 SH SOLE 40830 0 0 Global X Uranium ETF COM 37954Y871 12131903 419064 SH SOLE 419064 0 0 Gold Fields Ltd. COM 38059t106 283860 19051 SH SOLE 19051 0 0 Goldman Sachs BDC Inc. COM 38147U107 830272 55241 SH SOLE 55241 0 0 Goldman Sachs BDC Inc. 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