13F HOLDINGS REPORT
CONFLUENCE INVESTMENT MANAGEMENT LLC
Quarter ended Q3 2025 · Filed October 14, 2025 · Accession 0001442056-25-000002
Total Value
$7.01B
Positions
456
Other Managers
2
Confidential Omitted
No
Holdings (456)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | iShares 0-3 Month Treasury Bon | 46436E718 | 2,591,868 | $261.0M | 3.72% |
| 2 | Snap-on Inc. | SNA | 490,487 | $170.0M | 2.42% |
| 3 | WEC Energy Group Inc. | WEC | 1,385,716 | $158.8M | 2.27% |
| 4 | Fastenal Co. | FAST | 3,203,912 | $157.1M | 2.24% |
| 5 | Northern Trust Corp. | NTRSO | 1,153,728 | $155.3M | 2.22% |
| 6 | Chubb Ltd. | CB | 536,726 | $151.5M | 2.16% |
| 7 | Analog Devices Inc. | ADI | 611,492 | $150.2M | 2.14% |
| 8 | Lockheed Martin Corp. | LMT | 296,189 | $147.9M | 2.11% |
| 9 | Linde plc | LIN | 308,717 | $146.6M | 2.09% |
| 10 | Southern Co. | SOMN | 1,544,041 | $146.3M | 2.09% |
| 11 | Hershey Co. | HSY | 752,249 | $140.7M | 2.01% |
| 12 | Home Depot Inc. | HD | 344,107 | $139.4M | 1.99% |
| 13 | Broadridge Financial Solutions | 11133T103 | 581,322 | $138.5M | 1.98% |
| 14 | Mondelez International Inc. | 609207105 | 2,216,111 | $138.4M | 1.98% |
| 15 | Progressive Corp. | 743315103 | 552,053 | $136.3M | 1.94% |
| 16 | Paychex Inc. | PAYX | 1,023,712 | $129.8M | 1.85% |
| 17 | Diageo plc | DGEAF | 1,357,954 | $129.6M | 1.85% |
| 18 | Chevron Corp. | CVX | 830,144 | $128.9M | 1.84% |
| 19 | Fidelity National Financial In | FNF | 2,130,223 | $128.9M | 1.84% |
| 20 | Entergy Corp. | ENO | 1,346,722 | $125.5M | 1.79% |
| 21 | American Water Works Co. Inc. | 030420103 | 858,753 | $119.5M | 1.71% |
| 22 | Cisco Systems Inc. | CSCO | 1,700,690 | $116.4M | 1.66% |
| 23 | Clorox Co. | CLX | 927,868 | $114.4M | 1.63% |
| 24 | Kinder Morgan Inc. | EP-PC | 3,778,379 | $107.0M | 1.53% |
| 25 | Gilead Sciences Inc. | GILD | 949,307 | $105.4M | 1.50% |
| 26 | Colgate-Palmolive Co. | CL | 1,290,429 | $103.2M | 1.47% |
| 27 | T. Rowe Price Group Inc. | TROW | 970,628 | $99.6M | 1.42% |
| 28 | SPDR Portfolio Mortgage Backed | 78464A383 | 4,222,219 | $94.7M | 1.35% |
| 29 | W. R. Berkley Corp. | WRB-PH | 1,229,179 | $94.2M | 1.34% |
| 30 | U.S. Bancorp | USB-PS | 1,926,373 | $93.1M | 1.33% |
| 31 | Mastercard Inc. | MA | 161,659 | $92.0M | 1.31% |
| 32 | TJX Co. Inc. | 872540109 | 602,094 | $87.0M | 1.24% |
| 33 | Stryker Corp. | SYK | 225,942 | $83.5M | 1.19% |
| 34 | Microsoft Corp. | MSFT | 161,184 | $83.5M | 1.19% |
| 35 | Nordson Corp. | NDSN | 329,830 | $74.9M | 1.07% |
| 36 | Ares Capital Corp. | ARCC | 3,467,207 | $70.8M | 1.01% |
| 37 | S&P Global Inc. | SPGI | 144,580 | $70.4M | 1.00% |
| 38 | Paycom Software Inc. | PAYC | 326,091 | $67.9M | 0.97% |
| 39 | Alphabet Inc. | GOOG | 276,350 | $67.3M | 0.96% |
| 40 | SPDR Portfolio Developed World | 78463X889 | 1,473,192 | $63.0M | 0.90% |
| 41 | Masco Corp. | MAS | 867,394 | $61.1M | 0.87% |
| 42 | Illinois Tool Works Inc. | 452308109 | 222,685 | $58.1M | 0.83% |
| 43 | Keysight Technologies Inc. | KEYS | 325,484 | $56.9M | 0.81% |
| 44 | United Parcel Service Inc. | UPS | 679,078 | $56.7M | 0.81% |
| 45 | Lowe's Co. Inc. | 548661107 | 223,323 | $56.1M | 0.80% |
| 46 | Graco Inc. | GGG | 652,279 | $55.4M | 0.79% |
| 47 | Air Products and Chemicals Inc | AIIR | 202,352 | $55.2M | 0.79% |
| 48 | Accenture plc | ACN | 208,391 | $51.4M | 0.73% |
| 49 | Berkshire Hathaway Inc. - B | BRK-A | 100,572 | $50.6M | 0.72% |
| 50 | NXP Semiconductors N.V. | NXPI | 210,087 | $47.8M | 0.68% |
| 51 | Dow Inc. | DOW | 1,954,538 | $44.8M | 0.64% |
| 52 | Weyerhaeuser Co. | WY | 1,755,486 | $43.5M | 0.62% |
| 53 | Thermo Fisher Scientific Inc. | TMO | 82,983 | $40.2M | 0.57% |
| 54 | Martin Marietta Materials Inc. | 573284106 | 61,279 | $38.6M | 0.55% |
| 55 | iShares Barclays 10-20 Year Tr | 464288653 | 362,964 | $37.4M | 0.53% |
| 56 | SPDR Gold MiniShares Trust ETF | GLDW | 487,991 | $37.3M | 0.53% |
| 57 | Brown-Forman Corp. - B | BF-B | 1,345,752 | $36.4M | 0.52% |
| 58 | Arch Capital Group Ltd. | G0450A105 | 388,331 | $35.2M | 0.50% |
| 59 | Booking Holdings Inc. | BKNG | 6,508 | $35.1M | 0.50% |
| 60 | iShares MBS ETF | 464288588 | 366,497 | $34.9M | 0.50% |
| 61 | SPDR Portfolio S&P 500 Value E | 78464a508 | 609,954 | $33.7M | 0.48% |
| 62 | SPDR Portfolio S&P 500 Growth | 78464A409 | 293,048 | $30.6M | 0.44% |
| 63 | ResMed Inc. | RSMDF | 110,658 | $30.3M | 0.43% |
| 64 | Starbucks Corp. | SBUX | 336,751 | $28.5M | 0.41% |
| 65 | Ecolab Inc. | ECL | 102,158 | $28.0M | 0.40% |
| 66 | Brown & Brown Inc. | BRO | 297,603 | $27.9M | 0.40% |
| 67 | General Dynamics Corp. | GD | 79,726 | $27.2M | 0.39% |
| 68 | Amphenol Corp. | 032095101 | 208,223 | $25.8M | 0.37% |
| 69 | Dollar Tree Inc. | DLTR | 271,362 | $25.6M | 0.37% |
| 70 | Sherwin-Williams Co. | SHW | 72,791 | $25.2M | 0.36% |
| 71 | Donaldson Co. Inc. | DCI | 303,816 | $24.9M | 0.35% |
| 72 | A. O. Smith Corp. | AOS | 329,070 | $24.2M | 0.34% |
| 73 | McDonald's Corp. | MCD | 76,265 | $23.2M | 0.33% |
| 74 | ProShares S&P MidCap 400 Divid | 74347B680 | 269,306 | $23.0M | 0.33% |
| 75 | iShares iBonds Dec 2035 Term T | 46438G422 | 886,173 | $22.6M | 0.32% |
| 76 | SPDR S&P 400 Mid Cap Growth ET | 78464A821 | 239,659 | $21.9M | 0.31% |
| 77 | Expeditors International of Wa | 302130109 | 177,080 | $21.7M | 0.31% |
| 78 | McCormick & Company Inc. | MKC-V | 322,216 | $21.6M | 0.31% |
| 79 | New Jersey Resources Corp. | NJR | 423,035 | $20.4M | 0.29% |
| 80 | Procter & Gamble Co. | 742718109 | 131,007 | $20.1M | 0.29% |
| 81 | Zoetis Inc. | ZTS | 133,711 | $19.6M | 0.28% |
| 82 | Medtronic plc | MDT | 204,759 | $19.5M | 0.28% |
| 83 | EOG Resources Inc. | EOG | 172,674 | $19.4M | 0.28% |
| 84 | Constellation Brands | STZ | 143,254 | $19.3M | 0.28% |
| 85 | Vontier Corp. | VNT | 432,540 | $18.2M | 0.26% |
| 86 | Toro Co. | TORO | 224,017 | $17.1M | 0.24% |
| 87 | NIKE Inc. | NKE | 244,217 | $17.0M | 0.24% |
| 88 | Valvoline Inc. | VVV | 470,910 | $16.9M | 0.24% |
| 89 | iShares iBonds Dec 2033 Term T | 46436E148 | 676,864 | $16.7M | 0.24% |
| 90 | iShares iBonds Dec 2034 Term T | 46438G646 | 642,704 | $16.7M | 0.24% |
| 91 | SPDR S&P 400 Mid Cap Value ETF | 78464A839 | 187,602 | $15.6M | 0.22% |
| 92 | Walt Disney Co. | 254687106 | 135,472 | $15.5M | 0.22% |
| 93 | Becton Dickinson & Co. | BDX | 80,263 | $15.0M | 0.21% |
| 94 | Copart Inc. | CPRT | 333,858 | $15.0M | 0.21% |
| 95 | Charles River Laboratories Int | 159864107 | 95,031 | $14.9M | 0.21% |
| 96 | Carrier Global Corp. | CARR | 232,786 | $13.9M | 0.20% |
| 97 | iShares 3-7 Year Treasury Bond | 464288661 | 112,903 | $13.5M | 0.19% |
| 98 | Morningstar Inc. | MORN | 57,900 | $13.4M | 0.19% |
| 99 | iShares BB Rated Corporate Bon | 46435U473 | 270,829 | $12.8M | 0.18% |
| 100 | iShares Core MSCI Europe ETF | 46434V738 | 180,557 | $12.3M | 0.18% |
| 101 | iShares iBonds Dec 2029 Term T | 46436E825 | 521,000 | $11.4M | 0.16% |
| 102 | SPDR S&P 500 ETF | SPY | 17,122 | $11.4M | 0.16% |
| 103 | JBT Marel Corp. | JBTM | 80,216 | $11.3M | 0.16% |
| 104 | Baldwin Insurance Group Inc. | BWIN | 389,243 | $11.0M | 0.16% |
| 105 | Dimensional National Municipal | 25434V849 | 216,392 | $10.4M | 0.15% |
| 106 | iShares iBonds Dec 2027 Term T | 46436E841 | 456,205 | $10.3M | 0.15% |
| 107 | iShares iBonds Dec 2028 Term C | 46435U515 | 399,602 | $10.2M | 0.15% |
| 108 | iShares iBonds Dec 2027 Term C | 46435UAA9 | 416,135 | $10.1M | 0.14% |
| 109 | iShares iBonds Dec 2032 Term T | 46436E296 | 418,745 | $9.7M | 0.14% |
| 110 | SPDR S&P Dividend ETF | 78464A763 | 67,734 | $9.5M | 0.14% |
| 111 | Global X Defense Tech ETF | 37960A529 | 133,102 | $9.3M | 0.13% |
| 112 | TripAdvisor Inc. | TRIP | 560,483 | $9.1M | 0.13% |
| 113 | Avantis International Small Ca | 025072802 | 98,176 | $8.7M | 0.12% |
| 114 | Invesco BulletShares 2034 Muni | IVZ | 340,971 | $8.3M | 0.12% |
| 115 | iShares iBonds Dec 2030 Term T | 46436e593 | 384,676 | $7.6M | 0.11% |
| 116 | Vail Resorts Inc. | MTN | 50,591 | $7.6M | 0.11% |
| 117 | Cavco Industries Inc. | 149568107 | 10,999 | $6.4M | 0.09% |
| 118 | iShares 1-5 Year Investment Gr | 464288646 | 120,237 | $6.4M | 0.09% |
| 119 | Invesco Bulletshares 2033 Muni | IVZ | 248,222 | $6.3M | 0.09% |
| 120 | iShares iBonds Dec 2031 Term T | 46436e460 | 297,157 | $6.1M | 0.09% |
| 121 | Invesco BulletShares 2027 Muni | IVZ | 251,853 | $6.0M | 0.09% |
| 122 | CONMED Corp. | CNMD | 110,709 | $5.2M | 0.07% |
| 123 | Main Street Capital Corp. | 56035L104 | 81,234 | $5.2M | 0.07% |
| 124 | Powershares Insured National M | IVZ | 221,206 | $5.1M | 0.07% |
| 125 | Hercules Capital Inc. | HCXY | 241,475 | $4.6M | 0.07% |
| 126 | Ares Capital Corp. | ARCC | 201,223 | $4.1M | 0.06% |
| 127 | VanEck Vectors Long Municipal | 92189F536 | 228,274 | $4.0M | 0.06% |
| 128 | iShares Russell 1000 Value ETF | 464287598 | 18,923 | $3.9M | 0.05% |
| 129 | Sixth Street Specialty Lending | TSLX | 166,038 | $3.8M | 0.05% |
| 130 | Berkshire Hathaway Inc. - A | BRK-A | 5 | $3.8M | 0.05% |
| 131 | Agnico Eagle Mines Ltd. | AEM | 21,761 | $3.7M | 0.05% |
| 132 | Golub Capital BDC Inc. | 38173M102 | 263,458 | $3.6M | 0.05% |
| 133 | Blackstone Secured Lending Fun | BX | 122,816 | $3.2M | 0.05% |
| 134 | Invesco BulletShares 2028 Muni | IVZ | 126,710 | $3.0M | 0.04% |
| 135 | iShares 20Plus Year Treasury B | 464287432 | 32,942 | $2.9M | 0.04% |
| 136 | SPDR Nuveen Barclays Capital S | 78468R739 | 60,824 | $2.9M | 0.04% |
| 137 | Invesco BulletShares 2031 Muni | IVZ | 133,904 | $2.8M | 0.04% |
| 138 | Invesco BulletShares 2030 Muni | IVZ | 127,865 | $2.8M | 0.04% |
| 139 | SPDR Nuveen S&P High Yield Mun | 78464A284 | 106,825 | $2.7M | 0.04% |
| 140 | Gates Industrial Corp. plc | G39108108 | 106,370 | $2.6M | 0.04% |
| 141 | i3 Verticals Inc. | IIIV | 79,992 | $2.6M | 0.04% |
| 142 | Stewart Information Services C | 860372101 | 35,197 | $2.6M | 0.04% |
| 143 | Knowles Corp. | KN | 108,595 | $2.5M | 0.04% |
| 144 | Invesco BulletShares 2026 Muni | IVZ | 105,266 | $2.5M | 0.04% |
| 145 | Invesco BulletShares 2029 Muni | IVZ | 107,260 | $2.5M | 0.04% |
| 146 | iShares National Muni Bond ETF | 464288414 | 22,861 | $2.4M | 0.03% |
| 147 | Hagerty Inc. | HGTY | 200,450 | $2.4M | 0.03% |
| 148 | Taiwan Semiconductor Manufactu | 874039100 | 8,573 | $2.4M | 0.03% |
| 149 | Blue Owl Capital Corp. | OWL | 183,014 | $2.3M | 0.03% |
| 150 | iShares iBonds Dec 2028 Term M | 46435U325 | 90,909 | $2.3M | 0.03% |
| 151 | RBC Bearings Inc. | RBC | 5,892 | $2.3M | 0.03% |
| 152 | Altus Group Ltd. | 02215R107 | 51,314 | $2.2M | 0.03% |
| 153 | Movado Group Inc. | MOVAA | 109,664 | $2.1M | 0.03% |
| 154 | New Mountain Finance Corp. | 647551100 | 207,175 | $2.0M | 0.03% |
| 155 | Hayward Holdings Inc. | HAYW | 130,772 | $2.0M | 0.03% |
| 156 | Franklin Street Properties Cor | 35471R106 | 1,231,656 | $2.0M | 0.03% |
| 157 | iShares iBonds Dec 2029 Term M | 46436E163 | 73,935 | $1.9M | 0.03% |
| 158 | Barings BDC Inc. | BBDC | 212,313 | $1.9M | 0.03% |
| 159 | FS KKR Capital Corp. | FSK | 120,840 | $1.8M | 0.03% |
| 160 | iShares iBonds Dec 2026 Term M | 46435U259 | 68,076 | $1.7M | 0.02% |
| 161 | UFP Industries Inc | UFPI | 18,004 | $1.7M | 0.02% |
| 162 | Sandoz Group | 799926100 | 27,975 | $1.7M | 0.02% |
| 163 | RLI Corp. | RLI | 24,960 | $1.6M | 0.02% |
| 164 | Mitsubishi UFJ Financial | 606822104 | 101,117 | $1.6M | 0.02% |
| 165 | H2O America | HTO | 33,000 | $1.6M | 0.02% |
| 166 | Sixth Street Specialty Lending | TSLX | 67,870 | $1.6M | 0.02% |
| 167 | Aberdeen Standard Physical Pla | PPLT | 10,741 | $1.5M | 0.02% |
| 168 | Enovis Corp. | ENOV | 50,272 | $1.5M | 0.02% |
| 169 | AerCap Holdings N.V. | AER | 12,360 | $1.5M | 0.02% |
| 170 | Spectrum Brands Holdings Inc. | SPB | 27,528 | $1.4M | 0.02% |
| 171 | Core Natural Resources Inc. | CNR | 17,225 | $1.4M | 0.02% |
| 172 | Cannae Holdings Inc. | CNNE | 78,369 | $1.4M | 0.02% |
| 173 | Safran S.A. | 786584102 | 16,191 | $1.4M | 0.02% |
| 174 | Golub Capital BDC Inc. | 38173M102 | 104,288 | $1.4M | 0.02% |
| 175 | Nintendo Co. Ltd. | NODK | 65,201 | $1.4M | 0.02% |
| 176 | Haemonetics Corp. | HAE | 28,492 | $1.4M | 0.02% |
| 177 | Sony Group Corp. | SNEJF | 48,151 | $1.4M | 0.02% |
| 178 | DBS Group Holdings Ltd. | 23304y100 | 8,756 | $1.4M | 0.02% |
| 179 | UFP Technologies Inc. | UFPT | 6,891 | $1.4M | 0.02% |
| 180 | ING Groep N.V. | INGVF | 52,501 | $1.4M | 0.02% |
| 181 | BAE Systems plc | BAESF | 12,215 | $1.4M | 0.02% |
| 182 | SAP S.E. | SAPGF | 5,060 | $1.4M | 0.02% |
| 183 | Zurich Insurance Group A.G. | 989825104 | 37,777 | $1.4M | 0.02% |
| 184 | Barings BDC Inc. | BBDC | 152,307 | $1.3M | 0.02% |
| 185 | Invesco BulletShares 2032 Munc | IVZ | 52,186 | $1.3M | 0.02% |
| 186 | Main Street Capital Corp. | 56035L104 | 20,400 | $1.3M | 0.02% |
| 187 | J & J Snack Foods Corp. | JJSF | 13,451 | $1.3M | 0.02% |
| 188 | John B Sanfilippo & Son Inc. | JBSS | 20,008 | $1.3M | 0.02% |
| 189 | Rheinmetall AG | RH | 2,740 | $1.3M | 0.02% |
| 190 | Disco Corp. | DISPF | 40,368 | $1.3M | 0.02% |
| 191 | Sea Ltd. | SE | 7,007 | $1.3M | 0.02% |
| 192 | ASML Holding N.V. | ASMLF | 1,287 | $1.2M | 0.02% |
| 193 | Techtronic Industries Co. Ltd. | 87873R101 | 19,392 | $1.2M | 0.02% |
| 194 | MidCap Financial Investment Co | 03761U502 | 102,501 | $1.2M | 0.02% |
| 195 | Hong Kong Exchanges and Cleari | 43858F109 | 21,636 | $1.2M | 0.02% |
| 196 | Willis Towers Watson plc | WTW | 3,492 | $1.2M | 0.02% |
| 197 | Shopify Inc. | SHOP | 7,918 | $1.2M | 0.02% |
| 198 | Newmont Mining Corp. | NEMCL | 13,703 | $1.2M | 0.02% |
| 199 | Hercules Capital Inc. | HCXY | 61,038 | $1.2M | 0.02% |
| 200 | Tokio Marine Holdings Inc. | 889094108 | 27,405 | $1.2M | 0.02% |
| 201 | Winnebago Industries Inc. | 974637100 | 34,435 | $1.2M | 0.02% |
| 202 | Antofagasta plc | G0398N128 | 30,684 | $1.1M | 0.02% |
| 203 | Capital Southwest Corp. | CSWC | 51,972 | $1.1M | 0.02% |
| 204 | Edgewell Personal Care Co. | 28035Q102 | 54,352 | $1.1M | 0.02% |
| 205 | Franco-Nevada Corp. | FNV | 4,964 | $1.1M | 0.02% |
| 206 | First Quantum Minerals Ltd. | 335934105 | 47,892 | $1.1M | 0.02% |
| 207 | ITOCHU Corp. | ITOCF | 9,381 | $1.1M | 0.02% |
| 208 | New Mountain Finance Corp. | 647551100 | 111,051 | $1.1M | 0.02% |
| 209 | BNP Paribas S.A. | 05565A202 | 23,289 | $1.1M | 0.02% |
| 210 | Littelfuse Inc. | LFUS | 4,055 | $1.1M | 0.01% |
| 211 | Alamos Gold Inc. | AGI | 29,991 | $1.0M | 0.01% |
| 212 | iShares Silver Trust ETF | SLV | 24,673 | $1.0M | 0.01% |
| 213 | American Outdoor Brands Inc. | AOUT | 120,416 | $1.0M | 0.01% |
| 214 | Bain Capital Specialty Finance | 05684B107 | 73,208 | $1.0M | 0.01% |
| 215 | Marten Transport Ltd. | MRTN | 97,194 | $1.0M | 0.01% |
| 216 | Amglo Am PLC ADR | 03485P409 | 53,301 | $1.0M | 0.01% |
| 217 | Southern Copper Corp. | SCCO | 8,287 | $1.0M | 0.01% |
| 218 | L'Oreal S.A. | 502117203 | 11,580 | $1.0M | 0.01% |
| 219 | Royal Gold Inc. | RGLD | 4,945 | $991,868 | 0.01% |
| 220 | Uranium Energy Corp. | UEC | 74,048 | $987,800 | 0.01% |
| 221 | Wheaton Precious Metals Corp. | WPM | 8,657 | $968,199 | 0.01% |
| 222 | Chugai Pharms Co. Ltd. | 171269103 | 43,388 | $959,309 | 0.01% |
| 223 | Mitsui & Co. Ltd. | 606827202 | 1,909 | $947,799 | 0.01% |
| 224 | iShares iBonds Dec 2027 Term M | 46435U283 | 36,318 | $925,201 | 0.01% |
| 225 | Blue Owl Capital Corp. | OWL | 71,723 | $915,908 | 0.01% |
| 226 | Vulcan Materials Co. | 929160109 | 2,970 | $913,631 | 0.01% |
| 227 | Unilever plc | UNLYF | 15,169 | $899,218 | 0.01% |
| 228 | Glencore plc | GLCNF | 97,207 | $894,304 | 0.01% |
| 229 | Blackstone Secured Lending Fun | BX | 33,476 | $872,719 | 0.01% |
| 230 | Oaktree Specialty Lending Corp | OCSL | 65,854 | $859,395 | 0.01% |
| 231 | TotalEnergies S.E. | TTE | 14,201 | $847,658 | 0.01% |
| 232 | Expand Energy Corp. | EXE | 7,945 | $844,077 | 0.01% |
| 233 | Haleon plc | HLNCF | 93,631 | $839,870 | 0.01% |
| 234 | Morgan Stanley Direct Lending | 61774A103 | 51,136 | $822,267 | 0.01% |
| 235 | ICON plc | ICLR | 4,689 | $820,575 | 0.01% |
| 236 | iShares 0-3 Month Treasury Bon | 46436E718 | 8,090 | $814,690 | 0.01% |
| 237 | Goldman Sachs BDC Inc. | GSBD | 79,790 | $811,464 | 0.01% |
| 238 | American Express Co. | AXP | 2,400 | $797,184 | 0.01% |
| 239 | Denison Mines Corp. | DNN | 289,028 | $794,827 | 0.01% |
| 240 | Exxon Mobil Corp. | XOM | 7,036 | $793,325 | 0.01% |
| 241 | Wal-Mart de Mexico S.A.B. de C | 93114W107 | 24,869 | $766,960 | 0.01% |
| 242 | Capital Southwest Corp. | CSWC | 34,693 | $758,389 | 0.01% |
| 243 | Nuveen Churchill Direct Lendin | 67090S108 | 54,897 | $757,579 | 0.01% |
| 244 | Komatsu Ltd. | 500458401 | 21,905 | $757,037 | 0.01% |
| 245 | Antero Resources Corp. | AR | 22,410 | $752,080 | 0.01% |
| 246 | Oaktree Specialty Lending Corp | OCSL | 57,142 | $745,703 | 0.01% |
| 247 | Roche Holding A.G. | 771195104 | 17,526 | $732,762 | 0.01% |
| 248 | LVMH Moet Hennessy Louis Vuitt | 502441306 | 5,733 | $701,203 | 0.01% |
| 249 | NexGen Energy Ltd | NXE | 77,550 | $694,072 | 0.01% |
| 250 | SLR Investment Corp. | SLRC | 44,594 | $681,842 | 0.01% |
| 251 | Freeport-McMoRan Inc. | FCX | 17,129 | $671,799 | 0.01% |
| 252 | Novo Nordisk A.S. | NONOF | 11,824 | $656,114 | 0.01% |
| 253 | Coterra Energy Inc. | CTRA | 27,658 | $654,112 | 0.01% |
| 254 | Gold Fields Ltd. | GFIOF | 15,364 | $644,673 | 0.01% |
| 255 | Lundin Gold Inc. | 550371108 | 9,905 | $641,210 | 0.01% |
| 256 | Cameco Corp. | CCJ | 7,644 | $641,026 | 0.01% |
| 257 | Curtiss-Wright Corp. | CW | 1,160 | $629,810 | 0.01% |
| 258 | Broadridge Financial Solutions | 11133T103 | 2,590 | $616,810 | 0.01% |
| 259 | Knowles Corp. | KN | 26,194 | $610,582 | 0.01% |
| 260 | Snap-on Inc. | SNA | 1,696 | $587,715 | 0.01% |
| 261 | Crescent Capital BDC Inc. | 225655109 | 40,285 | $574,464 | 0.01% |
| 262 | Cavco Industries Inc. | 149568107 | 986 | $572,600 | 0.01% |
| 263 | Goldman Sachs BDC Inc. | GSBD | 56,218 | $571,737 | 0.01% |
| 264 | FS KKR Capital Corp. | FSK | 38,209 | $570,460 | 0.01% |
| 265 | WEC Energy Group Inc. | WEC | 4,940 | $566,075 | 0.01% |
| 266 | JBT Marel Corp. | JBTM | 4,025 | $565,311 | 0.01% |
| 267 | Altus Group Ltd. | 02215R107 | 13,132 | $559,423 | 0.01% |
| 268 | Progressive Corp. | 743315103 | 2,218 | $547,633 | 0.01% |
| 269 | Chubb Ltd. | CB | 1,936 | $546,436 | 0.01% |
| 270 | Trinity Capital Inc. | TRINZ | 35,131 | $543,828 | 0.01% |
| 271 | Fastenal Co. | FAST | 11,052 | $541,990 | 0.01% |
| 272 | Hershey Co. | HSY | 2,886 | $539,786 | 0.01% |
| 273 | Fidelity National Financial In | FNF | 8,875 | $536,849 | 0.01% |
| 274 | Stewart Information Services C | 860372101 | 7,238 | $530,690 | 0.01% |
| 275 | Diageo plc | DGEAF | 5,550 | $529,646 | 0.01% |
| 276 | TripAdvisor Inc. | TRIP | 32,277 | $524,824 | 0.01% |
| 277 | Entergy Corp. | ENO | 5,625 | $524,194 | 0.01% |
| 278 | Vontier Corp. | VNT | 12,450 | $522,526 | 0.01% |
| 279 | Valvoline Inc. | VVV | 14,522 | $521,485 | 0.01% |
| 280 | Linde plc | LIN | 1,094 | $519,650 | 0.01% |
| 281 | Hagerty Inc. | HGTY | 42,472 | $511,363 | 0.01% |
| 282 | Southern Co. | SOMN | 5,385 | $510,336 | 0.01% |
| 283 | Analog Devices Inc. | ADI | 2,065 | $507,370 | 0.01% |
| 284 | Northern Trust Corp. | NTRSO | 3,734 | $502,596 | 0.01% |
| 285 | Movado Group Inc. | MOVAA | 25,946 | $492,196 | 0.01% |
| 286 | Lockheed Martin Corp. | LMT | 983 | $490,815 | 0.01% |
| 287 | Mondelez International Inc. | 609207105 | 7,803 | $487,453 | 0.01% |
| 288 | Home Depot Inc. | HD | 1,189 | $481,771 | 0.01% |
| 289 | Gates Industrial Corp. plc | G39108108 | 19,172 | $475,849 | 0.01% |
| 290 | Cisco Systems Inc. | CSCO | 6,936 | $474,561 | 0.01% |
| 291 | SLR Investment Corp. | SLRC | 30,391 | $464,674 | 0.01% |
| 292 | i3 Verticals Inc. | IIIV | 14,263 | $462,977 | 0.01% |
| 293 | Winnebago Industries Inc. | 974637100 | 13,813 | $461,907 | 0.01% |
| 294 | RBC Bearings Inc. | RBC | 1,175 | $458,591 | 0.01% |
| 295 | Paychex Inc. | PAYX | 3,548 | $449,744 | 0.01% |
| 296 | Crescent Capital BDC Inc. | 225655109 | 31,170 | $444,488 | 0.01% |
| 297 | Enovis Corp. | ENOV | 14,514 | $440,355 | 0.01% |
| 298 | Kinder Morgan Inc. | EP-PC | 15,467 | $437,871 | 0.01% |
| 299 | Vail Resorts Inc. | MTN | 2,903 | $434,202 | 0.01% |
| 300 | Lynas Rare Earths Ltd. | 551073307 | 38,850 | $432,789 | 0.01% |
| 301 | Hayward Holdings Inc. | HAYW | 28,591 | $432,296 | 0.01% |
| 302 | American Water Works Co. Inc. | 030420103 | 3,077 | $428,288 | 0.01% |
| 303 | Chevron Corp. | CVX | 2,757 | $428,135 | 0.01% |
| 304 | Spectrum Brands Holdings Inc. | SPB | 8,105 | $425,756 | 0.01% |
| 305 | UFP Industries Inc | UFPI | 4,502 | $420,892 | 0.01% |
| 306 | UFP Technologies Inc. | UFPT | 2,047 | $408,581 | 0.01% |
| 307 | Ramaco Resources Inc | METCZ | 12,241 | $406,279 | 0.01% |
| 308 | RLI Corp. | RLI | 6,212 | $405,147 | 0.01% |
| 309 | Gilead Sciences Inc. | GILD | 3,639 | $403,929 | 0.01% |
| 310 | Clorox Co. | CLX | 3,225 | $397,642 | 0.01% |
| 311 | H2O America | HTO | 8,133 | $396,077 | 0.01% |
| 312 | CONMED Corp. | CNMD | 8,411 | $395,569 | 0.01% |
| 313 | J & J Snack Foods Corp. | JJSF | 4,009 | $385,225 | 0.01% |
| 314 | Morningstar Inc. | MORN | 1,646 | $381,888 | 0.01% |
| 315 | KB Financial Group Inc. | KB | 4,567 | $378,617 | 0.01% |
| 316 | Marten Transport Ltd. | MRTN | 34,100 | $363,506 | 0.01% |
| 317 | Alibaba Group Holding Ltd. | BBAAY | 2,018 | $360,677 | 0.01% |
| 318 | U.S. Bancorp | USB-PS | 7,439 | $359,527 | 0.01% |
| 319 | Haemonetics Corp. | HAE | 7,356 | $358,531 | 0.01% |
| 320 | Tencent Holdings Ltd. | XHLD | 4,148 | $353,202 | 0.01% |
| 321 | MidCap Financial Investment Co | 03761U502 | 29,200 | $350,108 | 0.00% |
| 322 | Bain Capital Specialty Finance | 05684B107 | 24,499 | $349,111 | 0.00% |
| 323 | MakeMyTrip Ltd. | MMYT | 3,665 | $343,044 | 0.00% |
| 324 | Kayne Anderson BDC | KBDC | 25,590 | $340,859 | 0.00% |
| 325 | John B Sanfilippo & Son Inc. | JBSS | 5,129 | $329,692 | 0.00% |
| 326 | Colgate-Palmolive Co. | CL | 4,105 | $328,154 | 0.00% |
| 327 | Kayne Anderson BDC | KBDC | 24,265 | $323,210 | 0.00% |
| 328 | T. Rowe Price Group Inc. | TROW | 3,141 | $322,392 | 0.00% |
| 329 | Baldwin Insurance Group Inc. | BWIN | 11,386 | $321,199 | 0.00% |
| 330 | ICICI Bank Ltd. | IBN | 10,601 | $320,468 | 0.00% |
| 331 | Morgan Stanley Direct Lending | 61774A103 | 19,712 | $316,969 | 0.00% |
| 332 | Nuveen Churchill Direct Lendin | 67090S108 | 22,922 | $316,324 | 0.00% |
| 333 | Palmer Square Capital BDC Inc. | PSBD | 25,763 | $316,112 | 0.00% |
| 334 | iShares iBonds Dec 2025 Term M | 46435U432 | 11,583 | $310,309 | 0.00% |
| 335 | Microsoft Corp. | MSFT | 598 | $309,541 | 0.00% |
| 336 | Edgewell Personal Care Co. | 28035Q102 | 15,071 | $306,846 | 0.00% |
| 337 | BCP Investment Corp. | BCIC | 26,528 | $305,871 | 0.00% |
| 338 | MP Materials Corp. | MP | 4,460 | $299,132 | 0.00% |
| 339 | MercadoLibre Inc. | MELI | 124 | $289,781 | 0.00% |
| 340 | Shinhan Financial Group Co. Lt | SHG | 5,671 | $285,648 | 0.00% |
| 341 | Ares Capital Corp. | ARCC | 13,980 | $285,332 | 0.00% |
| 342 | Vista Energy S.A.B. de C.V. | VSOGF | 8,271 | $284,522 | 0.00% |
| 343 | Airbus SE | AIIR | 4,864 | $283,182 | 0.00% |
| 344 | SPDR Gold Shares ETF | GLD | 795 | $282,599 | 0.00% |
| 345 | Coca-Cola Femsa S.A.B. de C.V. | COCSF | 3,395 | $282,124 | 0.00% |
| 346 | Nebius Group N.V. | NBIS | 2,393 | $268,662 | 0.00% |
| 347 | Littelfuse Inc. | LFUS | 1,007 | $260,823 | 0.00% |
| 348 | Fomento Economico Mexicano S.A | 344419106 | 2,636 | $260,010 | 0.00% |
| 349 | Cannae Holdings Inc. | CNNE | 14,114 | $258,427 | 0.00% |
| 350 | Keysight Technologies Inc. | KEYS | 1,456 | $254,684 | 0.00% |
| 351 | Paycom Software Inc. | PAYC | 1,221 | $254,159 | 0.00% |
| 352 | Grupo Financiero Banorte S.A.B | 40052P107 | 4,767 | $239,208 | 0.00% |
| 353 | JBS N.V. | JBS | 15,930 | $237,835 | 0.00% |
| 354 | Ameriprise Financial Inc. | 03076C106 | 480 | $235,800 | 0.00% |
| 355 | HDFC Bank Ltd. | HDB | 6,899 | $235,670 | 0.00% |
| 356 | ASE Technology Holding Co. Ltd | ASX | 21,200 | $235,108 | 0.00% |
| 357 | Yum China Holdings Inc. | YUMC | 5,440 | $233,485 | 0.00% |
| 358 | ZTO Express Cayman Inc. | ZTOEF | 12,150 | $233,280 | 0.00% |
| 359 | H World Group Ltd. | HWLDF | 5,944 | $232,470 | 0.00% |
| 360 | Kemper Corp. | KMPB | 4,470 | $230,428 | 0.00% |
| 361 | Infosys Ltd. | INFY | 14,139 | $230,038 | 0.00% |
| 362 | Credicorp Ltd. | BAP | 862 | $229,533 | 0.00% |
| 363 | Baidu Inc. | BAIDF | 1,740 | $229,280 | 0.00% |
| 364 | Copa Holdings SA | CPA | 1,880 | $223,382 | 0.00% |
| 365 | Weyerhaeuser Co. | WY | 8,981 | $222,639 | 0.00% |
| 366 | JPMorgan Chase & Co. | VYLD | 685 | $216,070 | 0.00% |
| 367 | United Parcel Service Inc. | UPS | 2,565 | $214,254 | 0.00% |
| 368 | Dollar Tree Inc. | DLTR | 2,264 | $213,654 | 0.00% |
| 369 | Accenture plc | ACN | 864 | $213,062 | 0.00% |
| 370 | NVIDIA Corp. | NVDA | 1,139 | $212,515 | 0.00% |
| 371 | Dr Reddy's Laboratories Ltd. | 256135203 | 14,760 | $206,345 | 0.00% |
| 372 | Costco Wholesale Corp. | 22160K105 | 221 | $204,564 | 0.00% |
| 373 | Alphabet Inc. | GOOG | 839 | $204,396 | 0.00% |
| 374 | JBT Marel Corp. | JBTM | 1,439 | $202,108 | 0.00% |
| 375 | Visa Inc. | V | 586 | $200,049 | 0.00% |
| 376 | TripAdvisor Inc. | TRIP | 12,149 | $197,543 | 0.00% |
| 377 | Vontier Corp. | VNT | 4,701 | $197,311 | 0.00% |
| 378 | Trinity Capital Inc. | TRINZ | 12,599 | $195,033 | 0.00% |
| 379 | Valvoline Inc. | VVV | 5,182 | $186,086 | 0.00% |
| 380 | Runway Growth Finance Corp. | RWAYL | 18,196 | $184,871 | 0.00% |
| 381 | PennantPark Investment Corp. | 708062104 | 27,495 | $184,491 | 0.00% |
| 382 | W. R. Berkley Corp. | WRB-PH | 2,358 | $180,677 | 0.00% |
| 383 | TJX Co. Inc. | 872540109 | 1,246 | $180,150 | 0.00% |
| 384 | Mastercard Inc. | MA | 316 | $179,464 | 0.00% |
| 385 | Controladora Vuela Cia de Avia | 21240E105 | 24,695 | $177,310 | 0.00% |
| 386 | Cavco Industries Inc. | 149568107 | 302 | $175,380 | 0.00% |
| 387 | Dow Inc. | DOW | 7,434 | $170,462 | 0.00% |
| 388 | Morningstar Inc. | MORN | 693 | $160,740 | 0.00% |
| 389 | Stryker Corp. | SYK | 431 | $159,382 | 0.00% |
| 390 | MSC Income Fund | MSIF | 12,131 | $159,280 | 0.00% |
| 391 | Vail Resorts Inc. | MTN | 1,061 | $158,694 | 0.00% |
| 392 | Nordson Corp. | NDSN | 687 | $155,889 | 0.00% |
| 393 | Baldwin Insurance Group Inc. | BWIN | 5,484 | $154,704 | 0.00% |
| 394 | Berkshire Hathaway Inc. - B | BRK-A | 304 | $152,833 | 0.00% |
| 395 | Lowe's Co. Inc. | 548661107 | 601 | $151,142 | 0.00% |
| 396 | Graco Inc. | GGG | 1,740 | $147,845 | 0.00% |
| 397 | NXP Semiconductors N.V. | NXPI | 648 | $147,678 | 0.00% |
| 398 | Charles River Laboratories Int | 159864107 | 932 | $145,821 | 0.00% |
| 399 | S&P Global Inc. | SPGI | 297 | $144,420 | 0.00% |
| 400 | i3 Verticals Inc. | IIIV | 4,328 | $140,487 | 0.00% |
| 401 | PT Astra International Tbk | 69367X109 | 18,723 | $131,623 | 0.00% |
| 402 | Knowles Corp. | KN | 5,568 | $129,790 | 0.00% |
| 403 | Gates Industrial Corp. plc | G39108108 | 5,177 | $128,493 | 0.00% |
| 404 | Stewart Information Services C | 860372101 | 1,696 | $124,351 | 0.00% |
| 405 | Vale S.A. | VALE | 11,090 | $120,437 | 0.00% |
| 406 | Thermo Fisher Scientific Inc. | TMO | 240 | $116,495 | 0.00% |
| 407 | Hagerty Inc. | HGTY | 9,613 | $115,741 | 0.00% |
| 408 | Ecopetrol S.A. | EC | 12,353 | $113,771 | 0.00% |
| 409 | CONMED Corp. | CNMD | 2,418 | $113,719 | 0.00% |
| 410 | Altus Group Ltd. | 02215R107 | 2,576 | $109,738 | 0.00% |
| 411 | Movado Group Inc. | MOVAA | 5,573 | $105,720 | 0.00% |
| 412 | RBC Bearings Inc. | RBC | 268 | $104,598 | 0.00% |
| 413 | American Outdoor Brands Inc. | AOUT | 11,279 | $97,902 | 0.00% |
| 414 | Hayward Holdings Inc. | HAYW | 6,421 | $97,086 | 0.00% |
| 415 | Walt Disney Co. | 254687106 | 845 | $96,752 | 0.00% |
| 416 | Arcos Dorados Holdings Inc. | ARCO | 14,072 | $94,986 | 0.00% |
| 417 | Sendas Distribuidora S.A. | 81689T104 | 10,872 | $93,499 | 0.00% |
| 418 | Brown-Forman Corp. - B | BF-B | 3,366 | $91,151 | 0.00% |
| 419 | Copart Inc. | CPRT | 1,971 | $88,636 | 0.00% |
| 420 | H2O America | HTO | 1,784 | $86,881 | 0.00% |
| 421 | Carrier Global Corp. | CARR | 1,428 | $85,242 | 0.00% |
| 422 | UFP Industries Inc | UFPI | 908 | $84,889 | 0.00% |
| 423 | RLI Corp. | RLI | 1,269 | $82,764 | 0.00% |
| 424 | Cannae Holdings Inc. | CNNE | 4,371 | $80,033 | 0.00% |
| 425 | Starbucks Corp. | SBUX | 935 | $79,064 | 0.00% |
| 426 | Spectrum Brands Holdings Inc. | SPB | 1,493 | $78,427 | 0.00% |
| 427 | Enovis Corp. | ENOV | 2,426 | $73,605 | 0.00% |
| 428 | UFP Technologies Inc. | UFPT | 367 | $73,253 | 0.00% |
| 429 | Haemonetics Corp. | HAE | 1,484 | $72,330 | 0.00% |
| 430 | Brown & Brown Inc. | BRO | 757 | $70,970 | 0.00% |
| 431 | Martin Marietta Materials Inc. | 573284106 | 112 | $70,591 | 0.00% |
| 432 | John B Sanfilippo & Son Inc. | JBSS | 1,091 | $70,129 | 0.00% |
| 433 | J & J Snack Foods Corp. | JJSF | 703 | $67,551 | 0.00% |
| 434 | Arch Capital Group Ltd. | G0450A105 | 689 | $62,513 | 0.00% |
| 435 | Illinois Tool Works Inc. | 452308109 | 231 | $60,236 | 0.00% |
| 436 | Booking Holdings Inc. | BKNG | 11 | $59,392 | 0.00% |
| 437 | Masco Corp. | MAS | 835 | $58,776 | 0.00% |
| 438 | Air Products and Chemicals Inc | AIIR | 202 | $55,089 | 0.00% |
| 439 | Edgewell Personal Care Co. | 28035Q102 | 2,692 | $54,809 | 0.00% |
| 440 | Winnebago Industries Inc. | 974637100 | 1,628 | $54,440 | 0.00% |
| 441 | Marten Transport Ltd. | MRTN | 5,091 | $54,270 | 0.00% |
| 442 | Littelfuse Inc. | LFUS | 203 | $52,579 | 0.00% |
| 443 | SPDR Portfolio Developed World | 78463X889 | 1,158 | $49,551 | 0.00% |
| 444 | American Outdoor Brands Inc. | AOUT | 5,302 | $46,021 | 0.00% |
| 445 | Constellation Brands | STZ | 289 | $38,920 | 0.00% |
| 446 | SPDR Gold MiniShares Trust ETF | GLDW | 402 | $30,733 | 0.00% |
| 447 | SPDR Portfolio S&P 500 Value E | 78464a508 | 521 | $28,819 | 0.00% |
| 448 | SPDR Portfolio S&P 500 Growth | 78464A409 | 255 | $26,615 | 0.00% |
| 449 | ProShares S&P MidCap 400 Divid | 74347B680 | 250 | $21,335 | 0.00% |
| 450 | SPDR S&P 400 Mid Cap Growth ET | 78464A821 | 228 | $20,846 | 0.00% |
| 451 | SPDR S&P 400 Mid Cap Value ETF | 78464A839 | 178 | $14,851 | 0.00% |
| 452 | iShares Core MSCI Europe ETF | 46434V738 | 141 | $9,605 | 0.00% |
| 453 | iShares Barclays 10-20 Year Tr | 464288653 | 90 | $9,269 | 0.00% |
| 454 | Global X Defense Tech ETF | 37960A529 | 121 | $8,499 | 0.00% |
| 455 | SPDR S&P Dividend ETF | 78464A763 | 57 | $7,983 | 0.00% |
| 456 | Avantis International Small Ca | 025072802 | 77 | $6,855 | 0.00% |