13F HOLDINGS REPORT
CONFLUENCE INVESTMENT MANAGEMENT LLC
Quarter ended Q3 2023 · Filed July 3, 2023 · Accession 0001636661-23-000004
Total Value
$6.86B
Positions
354
Other Managers
1
Confidential Omitted
No
Holdings (354)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PepsiCo Inc. | PEP | 993,459 | $184.0M | 2.68% |
| 2 | Snap-on Inc. | SNA | 635,582 | $183.2M | 2.67% |
| 3 | Microsoft Corp. | MSFT | 529,111 | $180.2M | 2.62% |
| 4 | Analog Devices Inc. | ADI | 830,858 | $161.9M | 2.36% |
| 5 | Fastenal Co. | FAST | 2,740,502 | $161.7M | 2.36% |
| 6 | Progressive Corp. | 743315103 | 1,216,204 | $161.0M | 2.35% |
| 7 | Linde plc | LIN | 416,572 | $158.7M | 2.31% |
| 8 | Lockheed Martin Corp. | LMT | 331,035 | $152.4M | 2.22% |
| 9 | Diageo plc | DGEAF | 856,652 | $148.6M | 2.16% |
| 10 | Paychex Inc. | PAYX | 1,261,242 | $141.1M | 2.06% |
| 11 | Polaris Inc. | PII | 1,114,609 | $134.8M | 1.96% |
| 12 | Broadridge Financial Solutions | 11133T103 | 802,342 | $132.9M | 1.94% |
| 13 | Chubb Ltd. | CB | 684,025 | $131.7M | 1.92% |
| 14 | Southern Co. | SOMN | 1,860,982 | $130.7M | 1.90% |
| 15 | Nestle S.A. | 641069406 | 1,079,235 | $129.9M | 1.89% |
| 16 | Home Depot Inc. | HD | 412,599 | $128.2M | 1.87% |
| 17 | Chevron Corp. | CVX | 807,997 | $127.1M | 1.85% |
| 18 | T. Rowe Price Group Inc. | TROW | 1,108,469 | $124.2M | 1.81% |
| 19 | Brookfield Infrastructure Corp | BIPC | 2,556,599 | $116.5M | 1.70% |
| 20 | Colgate-Palmolive Co. | CL | 1,493,764 | $115.1M | 1.68% |
| 21 | Cisco Systems Inc. | CSCO | 1,997,067 | $103.3M | 1.51% |
| 22 | Gilead Sciences Inc. | GILD | 1,308,502 | $100.8M | 1.47% |
| 23 | Weyerhaeuser Co. | WY | 2,932,499 | $98.3M | 1.43% |
| 24 | Fidelity National Financial In | FNF | 2,720,909 | $98.0M | 1.43% |
| 25 | Dow Inc. | DOW | 1,790,148 | $95.3M | 1.39% |
| 26 | Rayonier Inc. | RYN | 2,910,112 | $91.4M | 1.33% |
| 27 | Northern Trust Corp. | NTRSO | 1,180,772 | $87.5M | 1.28% |
| 28 | Digital Realty Trust Inc. | 253868103 | 763,314 | $86.9M | 1.27% |
| 29 | Stryker Corp. | SYK | 284,562 | $86.8M | 1.26% |
| 30 | Entergy Corp. | ENO | 888,688 | $86.5M | 1.26% |
| 31 | Graco Inc. | GGG | 985,758 | $85.1M | 1.24% |
| 32 | Kinder Morgan Inc. | EP-PC | 4,894,476 | $84.3M | 1.23% |
| 33 | TJX Cos. Inc. | 872540109 | 986,587 | $83.7M | 1.22% |
| 34 | Mastercard Inc. | MA | 208,006 | $81.8M | 1.19% |
| 35 | S&P Global Inc. | SPGI | 201,467 | $80.8M | 1.18% |
| 36 | Ares Capital Corp. | ARCC | 4,199,093 | $78.9M | 1.15% |
| 37 | Oracle Corp. | ORCL-PD | 613,877 | $73.1M | 1.07% |
| 38 | Starbucks Corp. | SBUX | 711,014 | $70.4M | 1.03% |
| 39 | U.S. Bancorp | USB-PS | 2,061,261 | $68.1M | 0.99% |
| 40 | NXP Semiconductors N.V. | NXPI | 324,201 | $66.4M | 0.97% |
| 41 | Illinois Tool Works Inc. | 452308109 | 260,961 | $65.3M | 0.95% |
| 42 | Masco Corp. | MAS | 1,076,641 | $61.8M | 0.90% |
| 43 | Lowe's Cos. Inc. | 548661107 | 270,662 | $61.1M | 0.89% |
| 44 | Berkshire Hathaway Inc. - B | BRK-A | 178,228 | $60.8M | 0.89% |
| 45 | Markel Corp. Inc. | MKL | 43,144 | $59.7M | 0.87% |
| 46 | Raytheon Technologies Corp. | RTX | 601,152 | $58.9M | 0.86% |
| 47 | Alphabet Inc. | GOOG | 486,165 | $58.8M | 0.86% |
| 48 | SPDR Portfolio Mortgage Backed | 78464A383 | 2,351,936 | $51.5M | 0.75% |
| 49 | SPDR Portfolio Developed World | 78463X889 | 1,472,235 | $47.9M | 0.70% |
| 50 | Thermo Fisher Scientific Inc. | TMO | 90,846 | $47.4M | 0.69% |
| 51 | Brookfield Corp. | 11271J107 | 1,399,682 | $47.1M | 0.69% |
| 52 | Brown & Brown Inc. | BRO | 606,596 | $41.8M | 0.61% |
| 53 | SPDR S&P 400 Mid Cap Value ETF | 78464A839 | 606,921 | $41.7M | 0.61% |
| 54 | Booking Holdings Inc. | BKNG | 14,960 | $40.4M | 0.59% |
| 55 | Nordson Corp. | NDSN | 161,465 | $40.1M | 0.58% |
| 56 | Keysight Technologies Inc. | KEYS | 225,058 | $37.7M | 0.55% |
| 57 | W. R. Berkley Corp. | WRB-PH | 626,399 | $37.3M | 0.54% |
| 58 | SPDR S&P 400 Mid Cap Growth ET | 78464A821 | 505,291 | $36.2M | 0.53% |
| 59 | Clarivate plc | CLVT | 3,464,582 | $33.0M | 0.48% |
| 60 | Dun & Bradstreet Holdings Inc. | 26484T106 | 2,774,890 | $32.1M | 0.47% |
| 61 | iShares iBonds Dec 2027 Term T | 46436E841 | 1,436,264 | $31.8M | 0.46% |
| 62 | Invesco S&P MidCap Quality ETF | IVZ | 335,382 | $27.1M | 0.39% |
| 63 | Hershey Co. | HSY | 105,965 | $26.5M | 0.39% |
| 64 | Barclays 1-3 Year Treasury Bon | 464287457 | 320,791 | $26.0M | 0.38% |
| 65 | Rockwell Automation Inc. | ROK | 77,710 | $25.6M | 0.37% |
| 66 | McDonald's Corp. | MCD | 85,731 | $25.6M | 0.37% |
| 67 | SPDR Gold MiniShares Trust ETF | GLDW | 647,566 | $24.7M | 0.36% |
| 68 | Expeditors International of Wa | 302130109 | 196,156 | $23.8M | 0.35% |
| 69 | Air Products and Chemicals Inc | AIIR | 78,444 | $23.5M | 0.34% |
| 70 | Sherwin-Williams Co. | SHW | 88,111 | $23.4M | 0.34% |
| 71 | Amphenol Corp. | 032095101 | 274,549 | $23.3M | 0.34% |
| 72 | Ecolab Inc. | ECL | 122,057 | $22.8M | 0.33% |
| 73 | EOG Resources Inc. | EOG | 195,564 | $22.4M | 0.33% |
| 74 | Procter & Gamble Co. | 742718109 | 145,183 | $22.0M | 0.32% |
| 75 | Donaldson Co. Inc. | DCI | 341,675 | $21.4M | 0.31% |
| 76 | iShares BB Rated Corporate Bon | 46435U473 | 475,571 | $21.3M | 0.31% |
| 77 | New Jersey Resources Corp. | NJR | 446,701 | $21.1M | 0.31% |
| 78 | Becton Dickinson and Co. | BDX | 79,703 | $21.0M | 0.31% |
| 79 | iShares iBonds Dec 2026 Term C | 46435GAA0 | 888,951 | $20.9M | 0.30% |
| 80 | iShares iBonds Dec 2026 Term T | 46436E858 | 916,292 | $20.8M | 0.30% |
| 81 | WEC Energy Group Inc. | WEC | 226,660 | $20.0M | 0.29% |
| 82 | American Water Works Co. Inc. | 030420103 | 139,018 | $19.8M | 0.29% |
| 83 | General Dynamics Corp. | GD | 91,721 | $19.7M | 0.29% |
| 84 | Clorox Co. | CLX | 123,747 | $19.7M | 0.29% |
| 85 | NIKE Inc. | NKE | 170,137 | $18.8M | 0.27% |
| 86 | Dollar Tree Inc. | DLTR | 129,811 | $18.6M | 0.27% |
| 87 | Gates Industrial Corp. plc | G39108108 | 1,378,378 | $18.6M | 0.27% |
| 88 | Medtronic plc | MDT | 204,283 | $18.0M | 0.26% |
| 89 | Pacer US Small Cap Cash Cows 1 | 69374H857 | 436,712 | $17.8M | 0.26% |
| 90 | Charles River Laboratories Int | 159864107 | 84,001 | $17.7M | 0.26% |
| 91 | iShares iBonds December 2030 T | 46436e593 | 852,803 | $16.8M | 0.24% |
| 92 | SPDR S&P 500 ETF | SPY | 34,017 | $15.1M | 0.22% |
| 93 | Leslie's Inc. | 527064109 | 1,602,892 | $15.1M | 0.22% |
| 94 | Morningstar Inc. | MORN | 72,717 | $14.3M | 0.21% |
| 95 | Spectrum Brands Holdings Inc. | SPB | 172,650 | $13.5M | 0.20% |
| 96 | iShares iBonds Dec 2024 Term T | 46436E874 | 527,419 | $12.6M | 0.18% |
| 97 | SPDR Portfolio S&P 500 Value E | 78464a508 | 285,465 | $12.3M | 0.18% |
| 98 | Fidelity National Information | 31620M106 | 223,974 | $12.3M | 0.18% |
| 99 | CarMax Inc. | KMX | 145,316 | $12.2M | 0.18% |
| 100 | RE/MAX Holdings Inc. | RMAX | 616,341 | $11.9M | 0.17% |
| 101 | Azek Co. Inc. | 05478C105 | 390,709 | $11.8M | 0.17% |
| 102 | Keurig Dr. Pepper Inc. | KDP | 372,294 | $11.6M | 0.17% |
| 103 | Black Knight Inc. | 09215C105 | 188,516 | $11.3M | 0.16% |
| 104 | Dimensional National Municipal | 25434V849 | 234,352 | $11.2M | 0.16% |
| 105 | Hexagon A.B. | 428263107 | 906,947 | $11.1M | 0.16% |
| 106 | DuPont de Nemours Inc. | DD | 153,285 | $11.0M | 0.16% |
| 107 | J & J Snack Foods Corp. | JJSF | 67,980 | $10.8M | 0.16% |
| 108 | iShares iBonds Dec 2032 Term T | 46436E296 | 454,979 | $10.6M | 0.15% |
| 109 | iShares iBonds Dec 2028 Term T | 46436E833 | 476,998 | $10.5M | 0.15% |
| 110 | SPDR S&P 600 Small Cap Growth | 78464A201 | 120,828 | $9.3M | 0.14% |
| 111 | BRP Group Inc. | BWIN | 363,325 | $9.0M | 0.13% |
| 112 | Invesco BulletShares 2025 Corp | IVZ | 435,842 | $8.8M | 0.13% |
| 113 | Powershares Insured National M | IVZ | 369,791 | $8.7M | 0.13% |
| 114 | iShares iBonds Dec 2025 Term T | 46436E866 | 375,472 | $8.7M | 0.13% |
| 115 | iShares iBonds Dec 2024 Term C | 46434VBG4 | 346,764 | $8.5M | 0.12% |
| 116 | SPDR Portfolio Intermediate Te | 78464A375 | 265,747 | $8.5M | 0.12% |
| 117 | iShares iBonds Dec 2029 Term T | 46436E825 | 388,777 | $8.4M | 0.12% |
| 118 | Vontier Corp. | VNT | 246,268 | $7.9M | 0.12% |
| 119 | Invesco BulletShares 2028 Muni | IVZ | 294,366 | $6.9M | 0.10% |
| 120 | SPDR Portfolio S&P 500 Growth | 78464A409 | 111,312 | $6.8M | 0.10% |
| 121 | Invesco BulletShares 2027 Muni | IVZ | 265,060 | $6.3M | 0.09% |
| 122 | Invesco BulletShares 2026 Muni | IVZ | 240,244 | $5.6M | 0.08% |
| 123 | Invesco BulletShares 2025 Muni | IVZ | 231,118 | $5.6M | 0.08% |
| 124 | Invesco BulletShares 2024 Muni | IVZ | 226,298 | $5.6M | 0.08% |
| 125 | Invesco BulletShares 2023 Muni | IVZ | 222,691 | $5.6M | 0.08% |
| 126 | Hercules Capital Inc. | HCXY | 340,000 | $5.0M | 0.07% |
| 127 | Ares Capital Corp. | ARCC | 250,000 | $4.7M | 0.07% |
| 128 | Kadant Inc. | KAI | 20,625 | $4.6M | 0.07% |
| 129 | Main Street Capital Corp. | 56035L104 | 111,000 | $4.4M | 0.06% |
| 130 | RBC Bearings Inc. | RBC | 20,376 | $4.4M | 0.06% |
| 131 | Perficient Inc. | 71375U101 | 52,825 | $4.4M | 0.06% |
| 132 | Forward Air Corp. | FWRD | 41,445 | $4.4M | 0.06% |
| 133 | Blackstone Secured Lending Fun | BX | 160,000 | $4.4M | 0.06% |
| 134 | iShares iBonds Dec 2027 Term C | 46435UAA9 | 183,790 | $4.3M | 0.06% |
| 135 | iShares US Aerospace & Defense | 464288760 | 36,976 | $4.3M | 0.06% |
| 136 | SJW Group | HTO | 60,708 | $4.3M | 0.06% |
| 137 | Winnebago Industries Inc. | 974637100 | 63,190 | $4.2M | 0.06% |
| 138 | John Bean Technologies Corp. | JBTM | 34,637 | $4.2M | 0.06% |
| 139 | Edgewell Personal Care Co. | 28035Q102 | 99,846 | $4.1M | 0.06% |
| 140 | New Mountain Finance Corp. | 647551100 | 328,000 | $4.1M | 0.06% |
| 141 | Hayward Holdings Inc. | HAYW | 312,746 | $4.0M | 0.06% |
| 142 | MGP Ingredients Inc. | MGPI | 37,065 | $3.9M | 0.06% |
| 143 | Allied Motion Technologies Inc | ALNT | 98,093 | $3.9M | 0.06% |
| 144 | SPDR S&P Metals & Mining ETF | 78464A755 | 76,058 | $3.9M | 0.06% |
| 145 | PennantPark Investment Corp. | 708062104 | 656,000 | $3.9M | 0.06% |
| 146 | Stewart Information Services | 860372101 | 88,684 | $3.6M | 0.05% |
| 147 | BlackRock TCP Capital Corp. | TCPC | 332,000 | $3.6M | 0.05% |
| 148 | Hagerty Inc. | HGTY | 384,169 | $3.6M | 0.05% |
| 149 | Marten Transport Ltd. | MRTN | 166,194 | $3.6M | 0.05% |
| 150 | Core Laboratories N.V. | CLB | 153,267 | $3.6M | 0.05% |
| 151 | iShares iBonds Dec 2025 Term C | 46434VBD1 | 145,765 | $3.6M | 0.05% |
| 152 | i3 Verticals Inc. | IIIV | 151,768 | $3.5M | 0.05% |
| 153 | Golub Capital BDC Inc. | 38173M102 | 250,000 | $3.4M | 0.05% |
| 154 | SPDR Industrial Select Sector | 81369Y704 | 31,293 | $3.4M | 0.05% |
| 155 | SPDR Nuveen S&P High Yield Mun | 78464A284 | 133,167 | $3.3M | 0.05% |
| 156 | Movado Group Inc. | MOVAA | 123,683 | $3.3M | 0.05% |
| 157 | Sixth Street Specialty Lending | TSLX | 177,000 | $3.3M | 0.05% |
| 158 | Healthcare Services Group Inc. | 421906108 | 216,061 | $3.2M | 0.05% |
| 159 | Cannae Holdings Inc. | CNNE | 158,130 | $3.2M | 0.05% |
| 160 | Barings BDC Inc. | BBDC | 390,000 | $3.1M | 0.04% |
| 161 | Northwest Natural Holding Co. | 66765N105 | 67,989 | $2.9M | 0.04% |
| 162 | SPDR Energy Select Sector ETF | 81369Y506 | 34,983 | $2.8M | 0.04% |
| 163 | iShares iBonds Dec 2026 Term M | 46435U259 | 106,355 | $2.7M | 0.04% |
| 164 | iShares iBonds Dec 2027 Term M | 46435U283 | 106,611 | $2.7M | 0.04% |
| 165 | American Outdoor Brands Inc. | AOUT | 304,031 | $2.6M | 0.04% |
| 166 | Berkshire Hathaway Inc. - A | BRK-A | 5 | $2.6M | 0.04% |
| 167 | SLR Investment Corp. | SLRC | 161,000 | $2.3M | 0.03% |
| 168 | Annaly Capital Management Inc. | NLY-PJ | 110,000 | $2.2M | 0.03% |
| 169 | Owl Rock Capital Corp. | OWL | 150,000 | $2.0M | 0.03% |
| 170 | Goldman Sachs BDC Inc. | GSBD | 135,000 | $1.9M | 0.03% |
| 171 | iShares iBonds Dec 2025 Term M | 46435U432 | 61,434 | $1.6M | 0.02% |
| 172 | OFS Capital Corp. | OFSSO | 158,000 | $1.6M | 0.02% |
| 173 | Mativ Inc. | MATV | 101,773 | $1.5M | 0.02% |
| 174 | Berkshire Hathaway Inc. - B | BRK-A | 4,500 | $1.5M | 0.02% |
| 175 | Franklin Street Properties Cor | 35471R106 | 1,058,066 | $1.5M | 0.02% |
| 176 | Azek Co. Inc. | 05478C105 | 48,986 | $1.5M | 0.02% |
| 177 | Franco-Nevada Corp. | FNV | 10,403 | $1.5M | 0.02% |
| 178 | Capital Southwest Corp. | CSWC | 71,000 | $1.4M | 0.02% |
| 179 | Hayward Holdings Inc. | HAYW | 101,935 | $1.3M | 0.02% |
| 180 | Franklin FTSE Canada ETF | FGDL | 41,175 | $1.3M | 0.02% |
| 181 | Novo Nordisk A.S. | NONOF | 7,697 | $1.2M | 0.02% |
| 182 | TriplePoint Venture Growth BDC | TPVG | 105,000 | $1.2M | 0.02% |
| 183 | MSCI Australia Index - iShares | 464286103 | 54,224 | $1.2M | 0.02% |
| 184 | Taiwan Semiconductor Manufactu | 874039100 | 12,015 | $1.2M | 0.02% |
| 185 | LVMH Moet Hennessy Louis Vuitt | 502441306 | 6,318 | $1.2M | 0.02% |
| 186 | Spectrum Brands Holdings Inc. | SPB | 15,202 | $1.2M | 0.02% |
| 187 | iShares Core MSCI Emerging Mar | 46434G103 | 24,029 | $1.2M | 0.02% |
| 188 | AGNC Investment Corp. | AGNCZ | 110,000 | $1.1M | 0.02% |
| 189 | Brown & Brown Inc. | BRO | 16,043 | $1.1M | 0.02% |
| 190 | Rio Tinto plc | RTNTF | 16,498 | $1.1M | 0.02% |
| 191 | DSV A.S. | 26251A108 | 10,002 | $1.1M | 0.02% |
| 192 | Accenture plc | ACN | 3,377 | $1.0M | 0.02% |
| 193 | ICON plc | ICLR | 4,138 | $1.0M | 0.02% |
| 194 | Blackstone Group LP | BX | 11,000 | $1.0M | 0.01% |
| 195 | L'Oreal S.A. | 502117203 | 10,956 | $1.0M | 0.01% |
| 196 | Kadant Inc. | KAI | 4,530 | $1.0M | 0.01% |
| 197 | Wal-Mart de Mexico S.A.B. de C | 93114W107 | 25,396 | $1.0M | 0.01% |
| 198 | Perficient Inc. | 71375U101 | 12,009 | $1.0M | 0.01% |
| 199 | POSCO Holdings Inc. | PKX | 13,449 | $994,521 | 0.01% |
| 200 | John Bean Technologies Corp. | JBTM | 8,181 | $992,355 | 0.01% |
| 201 | Winnebago Industries Inc. | 974637100 | 14,208 | $947,532 | 0.01% |
| 202 | Agnico Eagle Mines Ltd. | AEM | 18,646 | $931,931 | 0.01% |
| 203 | CyberArk Software Ltd. | M2682V108 | 5,954 | $930,789 | 0.01% |
| 204 | BRP Group Inc. | BWIN | 37,401 | $926,797 | 0.01% |
| 205 | Allied Motion Technologies Inc | ALNT | 22,425 | $895,654 | 0.01% |
| 206 | Shell plc | RYDAF | 14,670 | $885,775 | 0.01% |
| 207 | Zurich Insurance Group A.G. | 989825104 | 18,613 | $883,559 | 0.01% |
| 208 | J & J Snack Foods Corp. | JJSF | 5,558 | $880,165 | 0.01% |
| 209 | Core Laboratories N.V. | CLB | 37,837 | $879,710 | 0.01% |
| 210 | Portman Ridge Finance Corp. | BCIC | 44,000 | $879,560 | 0.01% |
| 211 | Waste Connections Inc. | WCN | 6,094 | $871,015 | 0.01% |
| 212 | Hagerty Inc. | HGTY | 91,625 | $857,610 | 0.01% |
| 213 | Forward Air Corp. | FWRD | 8,022 | $851,214 | 0.01% |
| 214 | Willis Towers Watson plc | WTW | 3,586 | $844,503 | 0.01% |
| 215 | Stewart Information Services | 860372101 | 20,450 | $841,313 | 0.01% |
| 216 | Golub Capital BDC Inc. | 38173M102 | 61,604 | $831,654 | 0.01% |
| 217 | Sixth Street Specialty Lending | TSLX | 44,401 | $829,855 | 0.01% |
| 218 | Edgewell Personal Care Co. | 28035Q102 | 20,080 | $829,505 | 0.01% |
| 219 | Marten Transport Ltd. | MRTN | 38,555 | $828,932 | 0.01% |
| 220 | Gates Industrial Corp. plc | G39108108 | 61,406 | $827,753 | 0.01% |
| 221 | MGP Ingredients Inc. | MGPI | 7,750 | $823,670 | 0.01% |
| 222 | i3 Verticals Inc. | IIIV | 35,380 | $808,787 | 0.01% |
| 223 | Northwest Natural Holding Co. | 66765N105 | 18,320 | $788,676 | 0.01% |
| 224 | Blackstone Secured Lending Fun | BX | 28,708 | $785,451 | 0.01% |
| 225 | RBC Bearings Inc. | RBC | 3,527 | $767,017 | 0.01% |
| 226 | Sony Group Corp. | SNEJF | 8,515 | $766,691 | 0.01% |
| 227 | Barings BDC Inc. | BBDC | 96,068 | $753,173 | 0.01% |
| 228 | SPDR Nuveen Barclays Capital S | 78468R739 | 15,876 | $746,966 | 0.01% |
| 229 | FS KKR Capital Corp. | FSK | 38,500 | $738,430 | 0.01% |
| 230 | SJW Group | HTO | 10,514 | $737,137 | 0.01% |
| 231 | Main Street Capital Corp. | 56035L104 | 18,095 | $724,343 | 0.01% |
| 232 | Haleon plc | HLNCF | 85,726 | $718,384 | 0.01% |
| 233 | iShares National Muni Bond ETF | 464288414 | 6,725 | $717,759 | 0.01% |
| 234 | DBS Group Holdings Ltd. | 23304y100 | 7,643 | $714,238 | 0.01% |
| 235 | iShares Russell 1000 Value ETF | 464287598 | 4,522 | $713,707 | 0.01% |
| 236 | Goldman Sachs BDC Inc. | GSBD | 50,451 | $699,251 | 0.01% |
| 237 | Morningstar Inc. | MORN | 3,560 | $698,009 | 0.01% |
| 238 | Hercules Capital Inc. | HCXY | 47,041 | $696,207 | 0.01% |
| 239 | Cameco Corp. | CCJ | 22,143 | $693,740 | 0.01% |
| 240 | BlackRock TCP Capital Corp. | TCPC | 62,933 | $686,599 | 0.01% |
| 241 | ING Groep N.V. | INGVF | 50,914 | $685,812 | 0.01% |
| 242 | iShares Gold Trust ETF | IAU | 18,726 | $681,439 | 0.01% |
| 243 | TotalEnergies S.E. | TTE | 11,813 | $680,901 | 0.01% |
| 244 | Movado Group Inc. | MOVAA | 25,152 | $674,828 | 0.01% |
| 245 | BNP Paribas S.A. | 05565A202 | 20,903 | $661,371 | 0.01% |
| 246 | CNH Industrial N.V. | CNH | 45,765 | $659,016 | 0.01% |
| 247 | Owl Rock Capital Corp. | OWL | 48,664 | $653,071 | 0.01% |
| 248 | SAP S.E. | SAPGF | 4,749 | $649,711 | 0.01% |
| 249 | Crescent Capital BDC Inc. | 225655109 | 42,565 | $644,438 | 0.01% |
| 250 | Trinity Capital Inc. | TRINZ | 48,000 | $636,480 | 0.01% |
| 251 | SMC Corp. | 78445W306 | 22,907 | $634,753 | 0.01% |
| 252 | United Overseas Bank Ltd. | UNTCW | 15,027 | $624,222 | 0.01% |
| 253 | Lonza Group | 54338V101 | 10,365 | $618,583 | 0.01% |
| 254 | Woodside Energy Group Ltd. | WOPEF | 26,308 | $610,083 | 0.01% |
| 255 | Aptiv plc | APTV | 5,864 | $598,656 | 0.01% |
| 256 | Shopify Inc. | SHOP | 9,101 | $587,925 | 0.01% |
| 257 | Nintendo Co. Ltd. | NODK | 50,842 | $578,582 | 0.01% |
| 258 | Wheaton Precious Metals Corp. | WPM | 13,307 | $575,129 | 0.01% |
| 259 | SLR Investment Corp. | SLRC | 40,297 | $575,034 | 0.01% |
| 260 | Bank of America Corp. | 060505104 | 20,000 | $573,800 | 0.01% |
| 261 | MITSUI & CO LTD-SPONS ADR | 606827202 | 757 | $572,148 | 0.01% |
| 262 | Cannae Holdings Inc. | CNNE | 27,876 | $563,374 | 0.01% |
| 263 | PhenixFIN Corp. | PFXNZ | 14,551 | $552,210 | 0.01% |
| 264 | New Mountain Finance Corp. | 647551100 | 44,228 | $550,196 | 0.01% |
| 265 | CAE Inc. | CAE | 24,398 | $546,027 | 0.01% |
| 266 | Chesapeake Energy Corp. | EXE | 6,396 | $535,217 | 0.01% |
| 267 | Oaktree Specialty Lending Corp | OCSL | 27,063 | $525,834 | 0.01% |
| 268 | Southern Copper Corp. | SCCO | 7,211 | $517,317 | 0.01% |
| 269 | ConocoPhillips | COP | 4,979 | $515,874 | 0.01% |
| 270 | Exxon Mobil Corp. | XOM | 4,762 | $510,724 | 0.01% |
| 271 | Southwestern Energy Co. | 845467109 | 84,949 | $510,543 | 0.01% |
| 272 | Komatsu Ltd. | 500458401 | 18,801 | $509,131 | 0.01% |
| 273 | Capital Southwest Corp. | CSWC | 25,256 | $498,048 | 0.01% |
| 274 | Vista Energy S.A.B. de C.V. | VSOGF | 20,042 | $483,413 | 0.01% |
| 275 | American Outdoor Brands Inc. | AOUT | 55,162 | $478,806 | 0.01% |
| 276 | Roche Holding A.G. | 771195104 | 12,357 | $472,037 | 0.01% |
| 277 | Royal Gold Inc. | RGLD | 4,064 | $466,466 | 0.01% |
| 278 | Coterra Energy Inc. | CTRA | 18,141 | $458,967 | 0.01% |
| 279 | Diamondback Energy Inc. | FANG | 3,488 | $458,184 | 0.01% |
| 280 | Freeport-McMoRan Inc. | FCX | 11,445 | $457,800 | 0.01% |
| 281 | Hess Corp. | HESM | 3,241 | $440,614 | 0.01% |
| 282 | Pioneer Natural Resources Co. | 723787107 | 2,090 | $433,006 | 0.01% |
| 283 | Controladora Vuela Cia de Avia | 21240E105 | 30,597 | $426,828 | 0.01% |
| 284 | Seabridge Gold Inc. | SA | 34,768 | $418,954 | 0.01% |
| 285 | American Express Co. | AXP | 2,400 | $418,080 | 0.01% |
| 286 | Antofagasta PLC ADR | G0398N128 | 22,464 | $405,475 | 0.01% |
| 287 | BHP Billiton Ltd. | BHPLF | 6,745 | $402,474 | 0.01% |
| 288 | Glencore plc | GLCNF | 35,601 | $400,867 | 0.01% |
| 289 | NVIDIA Corp. | NVDA | 945 | $399,754 | 0.01% |
| 290 | Materion Corp. | MTRN | 3,455 | $394,561 | 0.01% |
| 291 | Barrick Gold Corp. | 067901108 | 23,133 | $391,642 | 0.01% |
| 292 | Newmont Mining Corp. | NEMCL | 9,065 | $386,713 | 0.01% |
| 293 | Fomento Economico Mexicano S.A | 344419106 | 3,441 | $381,424 | 0.01% |
| 294 | Crescent Capital BDC Inc. | 225655109 | 24,947 | $377,698 | 0.01% |
| 295 | Antero Resources Corp. | AR | 16,336 | $376,218 | 0.01% |
| 296 | Alphabet Inc. | GOOG | 3,004 | $359,579 | 0.01% |
| 297 | Localiza Rent a Car S.A. | 53956W300 | 24,729 | $350,618 | 0.01% |
| 298 | Mosaic Co. | MOS | 9,751 | $341,285 | 0.00% |
| 299 | RE/MAX Holdings Inc. | RMAX | 17,400 | $335,124 | 0.00% |
| 300 | Sociedad Quimica y Minera de C | 833635105 | 4,409 | $320,182 | 0.00% |
| 301 | Manatuck Hill Mariner Offshore | 562996983 | 1,838 | $320,036 | 0.00% |
| 302 | MercadoLibre Inc. | MELI | 269 | $318,657 | 0.00% |
| 303 | Gold Fields Ltd. | GFIOF | 22,586 | $312,364 | 0.00% |
| 304 | iShares iBonds Dec 2023 Term M | 46435G318 | 12,126 | $309,092 | 0.00% |
| 305 | Invesco BulletShares 2031 Muni | IVZ | 14,593 | $308,569 | 0.00% |
| 306 | Invesco BulletShares 2030 Muni | IVZ | 14,038 | $308,347 | 0.00% |
| 307 | iShares iBonds Dec 2024 Term M | 46435U697 | 11,928 | $307,265 | 0.00% |
| 308 | iShares iBonds Dec 2028 Term M | 46435U325 | 12,189 | $306,675 | 0.00% |
| 309 | Invesco BulletShares 2029 Muni | IVZ | 13,345 | $306,668 | 0.00% |
| 310 | Denison Mines Corp. | DNN | 244,123 | $305,154 | 0.00% |
| 311 | Rayonier Inc. | RYN | 9,653 | $303,104 | 0.00% |
| 312 | Alcoa Corp. | AA | 8,859 | $300,586 | 0.00% |
| 313 | MakeMyTrip Ltd. | MMYT | 11,012 | $297,104 | 0.00% |
| 314 | Mativ Inc. | MATV | 18,934 | $286,282 | 0.00% |
| 315 | ICICI Bank Ltd. | IBN | 12,232 | $282,315 | 0.00% |
| 316 | Uranium Energy Corp. | UEC | 80,980 | $275,332 | 0.00% |
| 317 | iShares Core S&P US Value ETF | 464287663 | 3,477 | $272,110 | 0.00% |
| 318 | HDFC Bank Ltd. | HDB | 3,902 | $271,969 | 0.00% |
| 319 | Dr Reddy's Laboratories Ltd. | 256135203 | 4,279 | $270,048 | 0.00% |
| 320 | ZTO Express Cayman Inc. | ZTOEF | 10,707 | $268,532 | 0.00% |
| 321 | Yum China Holdings Inc. | YUMC | 4,612 | $260,584 | 0.00% |
| 322 | ENN Energy Holdings Ltd. | 26876F102 | 5,194 | $260,375 | 0.00% |
| 323 | Grupo Financiero Banorte S.A.B | 40052P107 | 6,272 | $259,724 | 0.00% |
| 324 | Apple Inc. | AAPL | 1,328 | $257,592 | 0.00% |
| 325 | TriplePoint Venture Growth BDC | TPVG | 21,801 | $256,816 | 0.00% |
| 326 | Tencent Holdings Ltd. | XHLD | 6,031 | $256,257 | 0.00% |
| 327 | WNS Holdings Ltd. | 92932M101 | 3,450 | $254,334 | 0.00% |
| 328 | SPDR Gold Shares ETF | GLD | 1,365 | $243,339 | 0.00% |
| 329 | PennantPark Investment Corp. | 708062104 | 39,242 | $231,135 | 0.00% |
| 330 | AIA Group Ltd. | 001317205 | 5,513 | $224,544 | 0.00% |
| 331 | PT Astra International Tbk | 69367X109 | 24,709 | $223,864 | 0.00% |
| 332 | FS KKR Capital Corp. | FSK | 11,642 | $223,294 | 0.00% |
| 333 | KB Financial Group Inc. | KB | 6,089 | $221,625 | 0.00% |
| 334 | Portman Ridge Finance Corp. | BCIC | 11,082 | $221,529 | 0.00% |
| 335 | H World Group Ltd. | HWLDF | 5,658 | $219,417 | 0.00% |
| 336 | Kemper Corp. | KMPB | 4,470 | $215,722 | 0.00% |
| 337 | Cia Brasileira de Distribuicao | 20440T300 | 55,417 | $213,355 | 0.00% |
| 338 | Curtiss-Wright Corp. | CW | 1,160 | $213,046 | 0.00% |
| 339 | Baidu Inc. | BAIDF | 1,552 | $212,484 | 0.00% |
| 340 | Markel Corp. Inc. | MKL | 150 | $207,477 | 0.00% |
| 341 | Vale S.A. | VALE | 15,015 | $201,501 | 0.00% |
| 342 | Infosys Ltd. | INFY | 12,274 | $197,240 | 0.00% |
| 343 | Oaktree Specialty Lending Corp | OCSL | 10,000 | $194,300 | 0.00% |
| 344 | Sendas Distribuidora S.A. | 81689T104 | 12,155 | $175,154 | 0.00% |
| 345 | Ecopetrol S.A. | EC | 16,482 | $168,940 | 0.00% |
| 346 | Wuxi Biologics Cayman Inc. | 98260N108 | 17,532 | $168,658 | 0.00% |
| 347 | Ping An Insurance Group Co. of | 72341E304 | 11,131 | $142,588 | 0.00% |
| 348 | Trinity Capital Inc. | TRINZ | 8,867 | $117,576 | 0.00% |
| 349 | JBS S.A. | 466110103 | 15,682 | $116,047 | 0.00% |
| 350 | OFS Capital Corp. | OFSSO | 11,233 | $111,094 | 0.00% |
| 351 | Pagseguro Digital Ltd. | PAGS | 10,214 | $96,420 | 0.00% |
| 352 | Bank of America Corp. | 060505104 | 900 | $25,821 | 0.00% |
| 353 | AGNC Investment Corp. | AGNCZ | 1,958 | $19,835 | 0.00% |
| 354 | Annaly Capital Management Inc. | NLY-PJ | 648 | $12,966 | 0.00% |