13F HOLDINGS REPORT
CONFLUENCE INVESTMENT MANAGEMENT LLC
Quarter ended Q4 2023 · Filed October 10, 2023 · Accession 0001636661-23-000005
Total Value
$6.46B
Positions
349
Other Managers
1
Confidential Omitted
No
Holdings (349)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Progressive Corp. | 743315103 | 1,263,862 | $176.1M | 2.72% |
| 2 | PepsiCo Inc. | PEP | 978,425 | $165.8M | 2.57% |
| 3 | Microsoft Corp. | MSFT | 510,662 | $161.2M | 2.50% |
| 4 | Snap-on Inc. | SNA | 624,022 | $159.2M | 2.46% |
| 5 | Linde plc | LIN | 405,893 | $151.1M | 2.34% |
| 6 | Fastenal Co. | FAST | 2,691,840 | $147.1M | 2.28% |
| 7 | Paychex Inc. | PAYX | 1,246,056 | $143.7M | 2.22% |
| 8 | Chubb Ltd. | CB | 677,544 | $141.1M | 2.18% |
| 9 | Lockheed Martin Corp. | LMT | 344,370 | $140.8M | 2.18% |
| 10 | Broadridge Financial Solutions | 11133T103 | 783,864 | $140.4M | 2.17% |
| 11 | Chevron Corp. | CVX | 801,083 | $135.1M | 2.09% |
| 12 | Analog Devices Inc. | ADI | 726,487 | $127.2M | 1.97% |
| 13 | Diageo plc | DGEAF | 849,217 | $126.7M | 1.96% |
| 14 | Home Depot Inc. | HD | 408,655 | $123.5M | 1.91% |
| 15 | Nestle S.A. | 641069406 | 1,071,413 | $121.3M | 1.88% |
| 16 | Southern Co. | SOMN | 1,846,279 | $119.5M | 1.85% |
| 17 | T. Rowe Price Group Inc. | TROW | 1,097,555 | $115.1M | 1.78% |
| 18 | Polaris Inc. | PII | 1,099,527 | $114.5M | 1.77% |
| 19 | Fidelity National Financial In | FNF | 2,691,661 | $111.2M | 1.72% |
| 20 | Cisco Systems Inc. | CSCO | 1,975,150 | $106.2M | 1.64% |
| 21 | Colgate-Palmolive Co. | CL | 1,487,567 | $105.8M | 1.64% |
| 22 | Gilead Sciences Inc. | GILD | 1,295,877 | $97.1M | 1.50% |
| 23 | Dow Inc. | DOW | 1,781,744 | $91.9M | 1.42% |
| 24 | Digital Realty Trust Inc. | 253868103 | 757,121 | $91.6M | 1.42% |
| 25 | Brookfield Infrastructure Corp | BIPC | 2,528,419 | $89.4M | 1.38% |
| 26 | Weyerhaeuser Co. | WY | 2,906,960 | $89.1M | 1.38% |
| 27 | TJX Cos. Inc. | 872540109 | 958,498 | $85.2M | 1.32% |
| 28 | Northern Trust Corp. | NTRSO | 1,193,065 | $82.9M | 1.28% |
| 29 | Entergy Corp. | ENO | 885,916 | $81.9M | 1.27% |
| 30 | Rayonier Inc. | RYN | 2,871,533 | $81.7M | 1.26% |
| 31 | Kinder Morgan Inc. | EP-PC | 4,881,779 | $80.9M | 1.25% |
| 32 | Ares Capital Corp. | ARCC | 4,143,360 | $80.7M | 1.25% |
| 33 | Mastercard Inc. | MA | 201,392 | $79.7M | 1.23% |
| 34 | Stryker Corp. | SYK | 278,354 | $76.1M | 1.18% |
| 35 | S&P Global Inc. | SPGI | 197,948 | $72.3M | 1.12% |
| 36 | Graco Inc. | GGG | 966,688 | $70.5M | 1.09% |
| 37 | U.S. Bancorp | USB-PS | 2,083,432 | $68.9M | 1.07% |
| 38 | Oracle Corp. | ORCL-PD | 605,829 | $64.2M | 0.99% |
| 39 | Starbucks Corp. | SBUX | 698,197 | $63.7M | 0.99% |
| 40 | Alphabet Inc. | GOOG | 472,336 | $62.3M | 0.96% |
| 41 | W. R. Berkley Corp. | WRB-PH | 973,105 | $61.8M | 0.96% |
| 42 | Markel Corp. Inc. | MKL | 41,791 | $61.5M | 0.95% |
| 43 | Berkshire Hathaway Inc. - B | BRK-A | 171,267 | $60.0M | 0.93% |
| 44 | Illinois Tool Works Inc. | 452308109 | 255,394 | $58.8M | 0.91% |
| 45 | Masco Corp. | MAS | 1,055,787 | $56.4M | 0.87% |
| 46 | Lowe's Cos. Inc. | 548661107 | 262,495 | $54.6M | 0.84% |
| 47 | SPDR Portfolio Mortgage Backed | 78464A383 | 2,320,051 | $48.3M | 0.75% |
| 48 | NXP Semiconductors N.V. | NXPI | 240,333 | $48.0M | 0.74% |
| 49 | Keysight Technologies Inc. | KEYS | 347,402 | $46.0M | 0.71% |
| 50 | Thermo Fisher Scientific Inc. | TMO | 89,401 | $45.3M | 0.70% |
| 51 | Booking Holdings Inc. | BKNG | 14,301 | $44.1M | 0.68% |
| 52 | Brookfield Corp. | 11271J107 | 1,374,913 | $43.0M | 0.67% |
| 53 | SPDR Portfolio Developed World | 78463X889 | 1,380,019 | $42.8M | 0.66% |
| 54 | Brown & Brown Inc. | BRO | 589,771 | $41.2M | 0.64% |
| 55 | SPDR S&P 400 Mid Cap Value ETF | 78464A839 | 604,264 | $39.2M | 0.61% |
| 56 | Nordson Corp. | NDSN | 160,121 | $35.7M | 0.55% |
| 57 | SPDR S&P 400 Mid Cap Growth ET | 78464A821 | 511,599 | $35.4M | 0.55% |
| 58 | iShares iBonds Dec 2027 Term T | 46436E841 | 1,429,156 | $31.2M | 0.48% |
| 59 | BondBloxx Bloomberg One Year T | 09789C861 | 617,601 | $30.7M | 0.48% |
| 60 | Dun & Bradstreet Holdings Inc. | 26484T106 | 2,818,678 | $28.2M | 0.44% |
| 61 | RTX Corp. | RTX | 371,787 | $26.8M | 0.41% |
| 62 | Invesco S&P MidCap Quality ETF | IVZ | 322,638 | $26.0M | 0.40% |
| 63 | SPDR Gold MiniShares Trust ETF | GLDW | 672,041 | $24.6M | 0.38% |
| 64 | EOG Resources Inc. | EOG | 194,232 | $24.6M | 0.38% |
| 65 | Clarivate plc | CLVT | 3,506,701 | $23.5M | 0.36% |
| 66 | Amphenol Corp. | 032095101 | 272,919 | $22.9M | 0.35% |
| 67 | McDonald's Corp. | MCD | 85,249 | $22.5M | 0.35% |
| 68 | Air Products and Chemicals Inc | AIIR | 79,118 | $22.4M | 0.35% |
| 69 | Expeditors International of Wa | 302130109 | 195,197 | $22.4M | 0.35% |
| 70 | Sherwin-Williams Co. | SHW | 87,339 | $22.3M | 0.34% |
| 71 | Rockwell Automation Inc. | ROK | 77,093 | $22.0M | 0.34% |
| 72 | iShares BB Rated Corporate Bon | 46435U473 | 492,557 | $21.6M | 0.33% |
| 73 | Hershey Co. | HSY | 105,964 | $21.2M | 0.33% |
| 74 | Procter & Gamble Co. | 742718109 | 144,868 | $21.1M | 0.33% |
| 75 | Ecolab Inc. | ECL | 122,100 | $20.7M | 0.32% |
| 76 | iShares iBonds Dec 2026 Term C | 46435GAA0 | 881,166 | $20.6M | 0.32% |
| 77 | Becton Dickinson and Co. | BDX | 79,377 | $20.5M | 0.32% |
| 78 | Donaldson Co. Inc. | DCI | 341,484 | $20.4M | 0.32% |
| 79 | iShares iBonds Dec 2026 Term T | 46436E858 | 905,299 | $20.3M | 0.31% |
| 80 | General Dynamics Corp. | GD | 91,970 | $20.3M | 0.31% |
| 81 | Charles River Laboratories Int | 159864107 | 100,399 | $19.7M | 0.30% |
| 82 | WEC Energy Group Inc. | WEC | 227,763 | $18.3M | 0.28% |
| 83 | New Jersey Resources Corp. | NJR | 448,978 | $18.2M | 0.28% |
| 84 | Pacer US Small Cap Cash Cows 1 | 69374H857 | 433,906 | $18.1M | 0.28% |
| 85 | American Water Works Co. Inc. | 030420103 | 140,199 | $17.4M | 0.27% |
| 86 | Morningstar Inc. | MORN | 70,695 | $16.6M | 0.26% |
| 87 | NIKE Inc. | NKE | 172,174 | $16.5M | 0.25% |
| 88 | Clorox Co. | CLX | 124,426 | $16.3M | 0.25% |
| 89 | Medtronic plc | MDT | 206,364 | $16.2M | 0.25% |
| 90 | iShares iBonds December 2030 T | 46436e593 | 842,910 | $15.9M | 0.25% |
| 91 | Gates Industrial Corp. plc | G39108108 | 1,365,348 | $15.9M | 0.25% |
| 92 | iShares iBonds Dec 2024 Term T | 46436E874 | 615,087 | $14.7M | 0.23% |
| 93 | Dollar Tree Inc. | DLTR | 129,851 | $13.8M | 0.21% |
| 94 | Spectrum Brands Holdings Inc. | SPB | 163,796 | $12.8M | 0.20% |
| 95 | SPDR S&P 500 ETF | SPY | 29,800 | $12.7M | 0.20% |
| 96 | Fidelity National Information | 31620M106 | 230,335 | $12.7M | 0.20% |
| 97 | Toro Co. | TORO | 146,584 | $12.2M | 0.19% |
| 98 | SPDR Portfolio S&P 500 Value E | 78464a508 | 288,050 | $11.9M | 0.18% |
| 99 | Keurig Dr. Pepper Inc. | KDP | 368,794 | $11.6M | 0.18% |
| 100 | DuPont de Nemours Inc. | DD | 151,316 | $11.3M | 0.17% |
| 101 | Dimensional National Municipal | 25434V849 | 233,188 | $10.8M | 0.17% |
| 102 | J & J Snack Foods Corp. | JJSF | 64,657 | $10.6M | 0.16% |
| 103 | CarMax Inc. | KMX | 144,030 | $10.2M | 0.16% |
| 104 | iShares iBonds Dec 2028 Term T | 46436E833 | 469,708 | $10.1M | 0.16% |
| 105 | Azek Co. Inc. | 05478C105 | 337,835 | $10.0M | 0.16% |
| 106 | iShares iBonds Dec 2032 Term T | 46436E296 | 449,184 | $9.9M | 0.15% |
| 107 | SPDR S&P 600 Small Cap Growth | 78464A201 | 122,948 | $9.0M | 0.14% |
| 108 | iShares iBonds Dec 2024 Term C | 46434VBG4 | 360,948 | $8.9M | 0.14% |
| 109 | Invesco BulletShares 2025 Corp | IVZ | 428,053 | $8.6M | 0.13% |
| 110 | iShares iBonds Dec 2025 Term T | 46436E866 | 369,192 | $8.5M | 0.13% |
| 111 | Franklin FTSE Japan ETF | FGDL | 318,847 | $8.4M | 0.13% |
| 112 | SPDR Portfolio Intermediate Te | 78464A375 | 260,988 | $8.2M | 0.13% |
| 113 | Powershares Insured National M | IVZ | 367,201 | $8.1M | 0.13% |
| 114 | iShares iBonds Dec 2029 Term T | 46436E825 | 383,235 | $8.0M | 0.12% |
| 115 | Vontier Corp. | VNT | 240,031 | $7.4M | 0.11% |
| 116 | Hexagon A.B. | 428263107 | 851,816 | $7.2M | 0.11% |
| 117 | iShares iBonds Dec 2024 Term M | 46435U697 | 267,141 | $6.9M | 0.11% |
| 118 | SPDR Portfolio S&P 500 Growth | 78464A409 | 112,252 | $6.7M | 0.10% |
| 119 | Invesco BulletShares 2028 Muni | IVZ | 292,256 | $6.6M | 0.10% |
| 120 | RE/MAX Holdings Inc. | RMAX | 499,036 | $6.5M | 0.10% |
| 121 | Invesco BulletShares 2024 Muni | IVZ | 260,498 | $6.4M | 0.10% |
| 122 | Invesco BulletShares 2027 Muni | IVZ | 263,287 | $6.0M | 0.09% |
| 123 | Hercules Capital Inc. | HCXY | 340,000 | $5.6M | 0.09% |
| 124 | Invesco BulletShares 2023 Muni | IVZ | 221,383 | $5.5M | 0.09% |
| 125 | Invesco BulletShares 2025 Muni | IVZ | 229,452 | $5.5M | 0.09% |
| 126 | Invesco BulletShares 2026 Muni | IVZ | 238,448 | $5.5M | 0.08% |
| 127 | Main Street Capital Corp. | 56035L104 | 111,000 | $4.5M | 0.07% |
| 128 | Blackstone Secured Lending Fun | BX | 160,000 | $4.4M | 0.07% |
| 129 | RBC Bearings Inc. | RBC | 18,443 | $4.3M | 0.07% |
| 130 | New Mountain Finance Corp. | 647551100 | 328,000 | $4.2M | 0.07% |
| 131 | iShares iBonds Dec 2027 Term C | 46435UAA9 | 180,443 | $4.2M | 0.06% |
| 132 | Golub Capital BDC Inc. | 38173M102 | 280,000 | $4.1M | 0.06% |
| 133 | Kadant Inc. | KAI | 18,124 | $4.1M | 0.06% |
| 134 | SPDR S&P Metals & Mining ETF | 78464A755 | 77,696 | $4.1M | 0.06% |
| 135 | iShares US Aerospace & Defense | 464288760 | 38,402 | $4.1M | 0.06% |
| 136 | Hayward Holdings Inc. | HAYW | 280,929 | $4.0M | 0.06% |
| 137 | PennantPark Investment Corp. | 708062104 | 600,000 | $3.9M | 0.06% |
| 138 | BlackRock TCP Capital Corp. | TCPC | 332,000 | $3.9M | 0.06% |
| 139 | iShares iBonds Dec 2025 Term C | 46434VBD1 | 149,040 | $3.6M | 0.06% |
| 140 | Sixth Street Specialty Lending | TSLX | 177,000 | $3.6M | 0.06% |
| 141 | MGP Ingredients Inc. | MGPI | 34,020 | $3.6M | 0.06% |
| 142 | Stewart Information Services | 860372101 | 81,596 | $3.6M | 0.06% |
| 143 | Barings BDC Inc. | BBDC | 390,000 | $3.5M | 0.05% |
| 144 | Winnebago Industries Inc. | 974637100 | 58,012 | $3.4M | 0.05% |
| 145 | Edgewell Personal Care Co. | 28035Q102 | 92,289 | $3.4M | 0.05% |
| 146 | Core Laboratories N.V. | CLB | 140,454 | $3.4M | 0.05% |
| 147 | SJW Group | HTO | 55,939 | $3.4M | 0.05% |
| 148 | John Bean Technologies Corp. | JBTM | 31,903 | $3.4M | 0.05% |
| 149 | SPDR Energy Select Sector ETF | 81369Y506 | 35,790 | $3.2M | 0.05% |
| 150 | John B Sanfilippo & Son Inc. | JBSS | 32,706 | $3.2M | 0.05% |
| 151 | SPDR Industrial Select Sector | 81369Y704 | 31,791 | $3.2M | 0.05% |
| 152 | SPDR Nuveen S&P High Yield Mun | 78464A284 | 132,719 | $3.2M | 0.05% |
| 153 | Movado Group Inc. | MOVAA | 114,751 | $3.1M | 0.05% |
| 154 | Cavco Industries Inc. | 149568107 | 11,628 | $3.1M | 0.05% |
| 155 | Marten Transport Ltd. | MRTN | 153,671 | $3.0M | 0.05% |
| 156 | i3 Verticals Inc. | IIIV | 140,135 | $3.0M | 0.05% |
| 157 | Ares Capital Corp. | ARCC | 150,000 | $2.9M | 0.05% |
| 158 | Hagerty Inc. | HGTY | 355,213 | $2.9M | 0.04% |
| 159 | Perficient Inc. | 71375U101 | 48,636 | $2.8M | 0.04% |
| 160 | Ecovyst Inc. | ECVT | 285,699 | $2.8M | 0.04% |
| 161 | Allient Inc | ALNT | 90,763 | $2.8M | 0.04% |
| 162 | BRP Group Inc. | BWIN | 119,672 | $2.8M | 0.04% |
| 163 | American Outdoor Brands Inc. | AOUT | 281,181 | $2.7M | 0.04% |
| 164 | Berkshire Hathaway Inc. - A | BRK-A | 5 | $2.7M | 0.04% |
| 165 | SLR Investment Corp. | SLRC | 161,000 | $2.5M | 0.04% |
| 166 | Cannae Holdings Inc. | CNNE | 131,638 | $2.5M | 0.04% |
| 167 | Northwest Natural Holding Co. | 66765N105 | 59,758 | $2.3M | 0.04% |
| 168 | Healthcare Services Group Inc. | 421906108 | 201,286 | $2.1M | 0.03% |
| 169 | Blue Owl Capital Corp. | OWL | 150,000 | $2.1M | 0.03% |
| 170 | Annaly Capital Management Inc. | NLY-PJ | 110,000 | $2.1M | 0.03% |
| 171 | Franklin Street Properties Cor | 35471R106 | 1,106,656 | $2.0M | 0.03% |
| 172 | AGNC Investment Corp. | AGNCZ | 210,000 | $2.0M | 0.03% |
| 173 | Goldman Sachs BDC Inc. | GSBD | 135,000 | $2.0M | 0.03% |
| 174 | Capital Southwest Corp. | CSWC | 71,000 | $1.6M | 0.03% |
| 175 | iShares iBonds Dec 2025 Term M | 46435U432 | 61,455 | $1.6M | 0.02% |
| 176 | TripAdvisor Inc. | TRIP | 96,035 | $1.6M | 0.02% |
| 177 | Berkshire Hathaway Inc. - B | BRK-A | 4,500 | $1.6M | 0.02% |
| 178 | Franco-Nevada Corp. | FNV | 9,707 | $1.3M | 0.02% |
| 179 | Blackstone Group LP | BX | 11,000 | $1.2M | 0.02% |
| 180 | iShares MSCI Emerging Markets | 46434G764 | 23,081 | $1.2M | 0.02% |
| 181 | OFS Capital Corp. | OFSSO | 98,000 | $1.1M | 0.02% |
| 182 | TriplePoint Venture Growth BDC | TPVG | 105,000 | $1.1M | 0.02% |
| 183 | UFP Technologies Inc. | UFPT | 6,655 | $1.1M | 0.02% |
| 184 | Novo Nordisk A.S. | NONOF | 11,630 | $1.1M | 0.02% |
| 185 | Golub Capital BDC Inc. | 38173M102 | 71,835 | $1.1M | 0.02% |
| 186 | Rio Tinto plc | RTNTF | 16,473 | $1.0M | 0.02% |
| 187 | ICON plc | ICLR | 4,138 | $1.0M | 0.02% |
| 188 | Accenture plc | ACN | 3,267 | $1.0M | 0.02% |
| 189 | Taiwan Semiconductor Manufactu | 874039100 | 11,464 | $996,222 | 0.02% |
| 190 | Barings BDC Inc. | BBDC | 106,528 | $949,164 | 0.01% |
| 191 | CyberArk Software Ltd. | M2682V108 | 5,793 | $948,720 | 0.01% |
| 192 | Shell plc | RYDAF | 14,670 | $944,455 | 0.01% |
| 193 | Sixth Street Specialty Lending | TSLX | 44,599 | $911,604 | 0.01% |
| 194 | Wal-Mart de Mexico S.A.B. de C | 93114W107 | 24,236 | $910,304 | 0.01% |
| 195 | J & J Snack Foods Corp. | JJSF | 5,558 | $909,567 | 0.01% |
| 196 | Spectrum Brands Holdings Inc. | SPB | 11,578 | $907,136 | 0.01% |
| 197 | DSV A.S. | 26251A108 | 9,604 | $896,245 | 0.01% |
| 198 | Stewart Information Services | 860372101 | 20,450 | $895,710 | 0.01% |
| 199 | L'Oreal S.A. | 502117203 | 10,766 | $892,071 | 0.01% |
| 200 | Cameco Corp. | CCJ | 21,856 | $866,372 | 0.01% |
| 201 | Brown & Brown Inc. | BRO | 12,389 | $865,248 | 0.01% |
| 202 | John Bean Technologies Corp. | JBTM | 8,181 | $860,150 | 0.01% |
| 203 | Portman Ridge Finance Corp. | BCIC | 44,000 | $847,000 | 0.01% |
| 204 | Agnico Eagle Mines Ltd. | AEM | 18,615 | $846,055 | 0.01% |
| 205 | Winnebago Industries Inc. | 974637100 | 14,208 | $844,666 | 0.01% |
| 206 | Zurich Insurance Group A.G. | 989825104 | 18,415 | $843,039 | 0.01% |
| 207 | Morningstar Inc. | MORN | 3,560 | $833,894 | 0.01% |
| 208 | RBC Bearings Inc. | RBC | 3,527 | $825,777 | 0.01% |
| 209 | Waste Connections Inc. | WCN | 6,094 | $818,424 | 0.01% |
| 210 | MGP Ingredients Inc. | MGPI | 7,750 | $817,470 | 0.01% |
| 211 | Mitsubishi UFJ Financial | 606822104 | 95,194 | $808,197 | 0.01% |
| 212 | Blackstone Secured Lending Fun | BX | 28,789 | $787,667 | 0.01% |
| 213 | Hercules Capital Inc. | HCXY | 47,190 | $774,860 | 0.01% |
| 214 | Bain Capital Specialty Finance | 05684B107 | 50,000 | $765,500 | 0.01% |
| 215 | TotalEnergies S.E. | TTE | 11,574 | $761,106 | 0.01% |
| 216 | Azek Co. Inc. | 05478C105 | 25,581 | $760,779 | 0.01% |
| 217 | Marten Transport Ltd. | MRTN | 38,555 | $759,919 | 0.01% |
| 218 | Kadant Inc. | KAI | 3,367 | $759,427 | 0.01% |
| 219 | FS KKR Capital Corp. | FSK | 38,500 | $758,065 | 0.01% |
| 220 | DBS Group Holdings Ltd. | 23304y100 | 7,643 | $752,683 | 0.01% |
| 221 | Hagerty Inc. | HGTY | 91,625 | $748,576 | 0.01% |
| 222 | i3 Verticals Inc. | IIIV | 35,380 | $747,933 | 0.01% |
| 223 | BlackRock TCP Capital Corp. | TCPC | 63,224 | $742,250 | 0.01% |
| 224 | Edgewell Personal Care Co. | 28035Q102 | 20,080 | $742,157 | 0.01% |
| 225 | John B Sanfilippo & Son Inc. | JBSS | 7,509 | $741,889 | 0.01% |
| 226 | Willis Towers Watson plc | WTW | 3,537 | $739,092 | 0.01% |
| 227 | Goldman Sachs BDC Inc. | GSBD | 50,709 | $738,323 | 0.01% |
| 228 | Main Street Capital Corp. | 56035L104 | 18,166 | $738,085 | 0.01% |
| 229 | Crescent Capital BDC Inc. | 225655109 | 42,565 | $727,866 | 0.01% |
| 230 | Haleon plc | HLNCF | 85,726 | $714,098 | 0.01% |
| 231 | Gates Industrial Corp. plc | G39108108 | 61,406 | $712,924 | 0.01% |
| 232 | Cavco Industries Inc. | 149568107 | 2,672 | $709,844 | 0.01% |
| 233 | AerCap Holdings N.V. | AER | 11,281 | $706,980 | 0.01% |
| 234 | Sony Group Corp. | SNEJF | 8,531 | $703,040 | 0.01% |
| 235 | Hayward Holdings Inc. | HAYW | 49,698 | $700,742 | 0.01% |
| 236 | Northwest Natural Holding Co. | 66765N105 | 18,320 | $699,091 | 0.01% |
| 237 | Perficient Inc. | 71375U101 | 12,009 | $694,841 | 0.01% |
| 238 | Allient Inc | ALNT | 22,425 | $693,381 | 0.01% |
| 239 | Movado Group Inc. | MOVAA | 25,152 | $687,907 | 0.01% |
| 240 | LVMH Moet Hennessy Louis Vuitt | 502441306 | 4,528 | $684,226 | 0.01% |
| 241 | Core Laboratories N.V. | CLB | 28,372 | $681,212 | 0.01% |
| 242 | Blue Owl Capital Corp. | OWL | 48,903 | $677,307 | 0.01% |
| 243 | ING Groep N.V. | INGVF | 50,914 | $671,047 | 0.01% |
| 244 | Trinity Capital Inc. | TRINZ | 48,000 | $668,160 | 0.01% |
| 245 | BNP Paribas S.A. | 05565A202 | 20,903 | $663,670 | 0.01% |
| 246 | POSCO Holdings Inc. | PKX | 6,421 | $658,108 | 0.01% |
| 247 | Ecovyst Inc. | ECVT | 66,237 | $651,772 | 0.01% |
| 248 | SJW Group | HTO | 10,514 | $631,997 | 0.01% |
| 249 | BRP Group Inc. | BWIN | 27,109 | $629,742 | 0.01% |
| 250 | SAP S.E. | SAPGF | 4,749 | $614,141 | 0.01% |
| 251 | New Mountain Finance Corp. | 647551100 | 47,382 | $613,597 | 0.01% |
| 252 | Woodside Energy Group Ltd. | WOPEF | 26,308 | $612,713 | 0.01% |
| 253 | SLR Investment Corp. | SLRC | 38,522 | $592,860 | 0.01% |
| 254 | ConocoPhillips | COP | 4,906 | $587,739 | 0.01% |
| 255 | Capital Southwest Corp. | CSWC | 25,395 | $581,545 | 0.01% |
| 256 | Aptiv plc | APTV | 5,864 | $578,132 | 0.01% |
| 257 | CAE Inc. | CAE | 24,074 | $562,128 | 0.01% |
| 258 | Exxon Mobil Corp. | XOM | 4,702 | $552,861 | 0.01% |
| 259 | Chesapeake Energy Corp. | EXE | 6,361 | $548,509 | 0.01% |
| 260 | Bank of America Corp. | 060505104 | 20,000 | $547,600 | 0.01% |
| 261 | Oaktree Specialty Lending Corp | OCSL | 27,201 | $547,284 | 0.01% |
| 262 | Mitsui & Co. Ltd. | 606827202 | 748 | $543,272 | 0.01% |
| 263 | Southwestern Energy Co. | 845467109 | 84,131 | $542,645 | 0.01% |
| 264 | American Outdoor Brands Inc. | AOUT | 55,162 | $539,484 | 0.01% |
| 265 | Southern Copper Corp. | SCCO | 7,140 | $537,571 | 0.01% |
| 266 | Vista Energy S.A.B. de C.V. | VSOGF | 17,589 | $534,530 | 0.01% |
| 267 | Diamondback Energy Inc. | FANG | 3,450 | $534,336 | 0.01% |
| 268 | Nintendo Co. Ltd. | NODK | 50,267 | $520,263 | 0.01% |
| 269 | Cannae Holdings Inc. | CNNE | 27,876 | $519,609 | 0.01% |
| 270 | SMC Corp. | 78445W306 | 22,907 | $516,324 | 0.01% |
| 271 | Shopify Inc. | SHOP | 9,325 | $508,865 | 0.01% |
| 272 | Komatsu Ltd. | 500458401 | 18,801 | $507,063 | 0.01% |
| 273 | Hess Corp. | HESM | 3,213 | $491,589 | 0.01% |
| 274 | Coterra Energy Inc. | CTRA | 17,958 | $485,764 | 0.01% |
| 275 | Lonza Group | 54338V101 | 10,365 | $478,656 | 0.01% |
| 276 | Pioneer Natural Resources Co. | 723787107 | 2,070 | $475,168 | 0.01% |
| 277 | iShares Gold Trust ETF | IAU | 12,573 | $439,929 | 0.01% |
| 278 | Wheaton Precious Metals Corp. | WPM | 10,787 | $437,413 | 0.01% |
| 279 | Eaton Corp. plc | ETN | 2,031 | $433,172 | 0.01% |
| 280 | Royal Gold Inc. | RGLD | 4,049 | $430,530 | 0.01% |
| 281 | Freeport-McMoRan Inc. | FCX | 11,410 | $425,479 | 0.01% |
| 282 | Crescent Capital BDC Inc. | 225655109 | 24,555 | $419,890 | 0.01% |
| 283 | Roche Holding A.G. | 771195104 | 12,211 | $414,319 | 0.01% |
| 284 | Uranium Energy Corp. | UEC | 80,432 | $414,225 | 0.01% |
| 285 | Antero Resources Corp. | AR | 16,258 | $412,628 | 0.01% |
| 286 | Glencore plc | GLCNF | 35,508 | $404,791 | 0.01% |
| 287 | Denison Mines Corp. | DNN | 241,748 | $398,884 | 0.01% |
| 288 | MakeMyTrip Ltd. | MMYT | 9,772 | $395,961 | 0.01% |
| 289 | Antofagasta PLC ADR | G0398N128 | 22,312 | $387,191 | 0.01% |
| 290 | BHP Billiton Ltd. | BHPLF | 6,731 | $382,859 | 0.01% |
| 291 | Alphabet Inc. | GOOG | 2,918 | $381,849 | 0.01% |
| 292 | Seabridge Gold Inc. | SA | 34,674 | $365,811 | 0.01% |
| 293 | NVIDIA Corp. | NVDA | 836 | $363,652 | 0.01% |
| 294 | American Express Co. | AXP | 2,400 | $358,056 | 0.01% |
| 295 | Manatuck Hill Mariner Offshore | 562996983 | 1,838 | $349,002 | 0.01% |
| 296 | Materion Corp. | MTRN | 3,417 | $348,226 | 0.01% |
| 297 | Mosaic Co. | MOS | 9,751 | $347,136 | 0.01% |
| 298 | Fomento Economico Mexicano S.A | 344419106 | 3,168 | $345,811 | 0.01% |
| 299 | TripAdvisor Inc. | TRIP | 20,740 | $343,869 | 0.01% |
| 300 | Newmont Mining Corp. | NEMCL | 9,065 | $334,952 | 0.01% |
| 301 | Barrick Gold Corp. | 067901108 | 23,010 | $334,795 | 0.01% |
| 302 | iShares iBonds Dec 2023 Term M | 46435G318 | 12,126 | $309,516 | 0.00% |
| 303 | iShares iBonds Dec 2029 Term M | 46436E163 | 12,887 | $307,645 | 0.00% |
| 304 | iShares iBonds Dec 2026 Term M | 46435U259 | 12,186 | $302,335 | 0.00% |
| 305 | MercadoLibre Inc. | MELI | 238 | $301,755 | 0.00% |
| 306 | iShares iBonds Dec 2027 Term M | 46435U283 | 12,232 | $299,439 | 0.00% |
| 307 | iShares iBonds Dec 2028 Term M | 46435U325 | 12,189 | $297,533 | 0.00% |
| 308 | Invesco BulletShares 2029 Muni | IVZ | 13,345 | $295,199 | 0.00% |
| 309 | Invesco BulletShares 2030 Muni | IVZ | 14,061 | $293,734 | 0.00% |
| 310 | Invesco BulletShares 2031 Muni | IVZ | 14,617 | $292,473 | 0.00% |
| 311 | Localiza Rent a Car S.A. | 53956W300 | 22,475 | $274,420 | 0.00% |
| 312 | Bain Capital Specialty Finance | 05684B107 | 17,274 | $264,465 | 0.00% |
| 313 | Sociedad Quimica y Minera de C | 833635105 | 4,409 | $263,085 | 0.00% |
| 314 | PennantPark Investment Corp. | 708062104 | 39,471 | $259,719 | 0.00% |
| 315 | Alcoa Corp. | AA | 8,859 | $257,443 | 0.00% |
| 316 | Dr Reddy's Laboratories Ltd. | 256135203 | 3,735 | $249,759 | 0.00% |
| 317 | ICICI Bank Ltd. | IBN | 10,794 | $249,557 | 0.00% |
| 318 | iShares Core S&P US Value ETF | 464287663 | 3,231 | $241,097 | 0.00% |
| 319 | Grupo Financiero Banorte S.A.B | 40052P107 | 5,648 | $236,030 | 0.00% |
| 320 | Coca-Cola Femsa SAB de CV | COCSF | 2,997 | $235,085 | 0.00% |
| 321 | UFP Technologies Inc. | UFPT | 1,438 | $232,165 | 0.00% |
| 322 | TriplePoint Venture Growth BDC | TPVG | 22,153 | $231,720 | 0.00% |
| 323 | FS KKR Capital Corp. | FSK | 11,710 | $230,570 | 0.00% |
| 324 | Curtiss-Wright Corp. | CW | 1,160 | $226,931 | 0.00% |
| 325 | KB Financial Group Inc. | KB | 5,484 | $225,431 | 0.00% |
| 326 | RE/MAX Holdings Inc. | RMAX | 17,400 | $225,156 | 0.00% |
| 327 | Yum China Holdings Inc. | YUMC | 4,015 | $223,722 | 0.00% |
| 328 | Markel Corp. Inc. | MKL | 150 | $220,873 | 0.00% |
| 329 | Controladora Vuela Cia de Avia | 21240E105 | 31,968 | $217,063 | 0.00% |
| 330 | ZTO Express Cayman Inc. | ZTOEF | 8,902 | $215,161 | 0.00% |
| 331 | Portman Ridge Finance Corp. | BCIC | 11,163 | $214,886 | 0.00% |
| 332 | Gold Fields Ltd. | GFIOF | 19,740 | $214,376 | 0.00% |
| 333 | Apple Inc. | AAPL | 1,237 | $211,844 | 0.00% |
| 334 | WNS Holdings Ltd. | 92932M101 | 3,040 | $208,118 | 0.00% |
| 335 | Brookfield Asset Management | 113004105 | 6,154 | $205,174 | 0.00% |
| 336 | HDFC Bank Ltd. | HDB | 3,437 | $202,817 | 0.00% |
| 337 | Oaktree Specialty Lending Corp | OCSL | 10,000 | $201,200 | 0.00% |
| 338 | Infosys Ltd. | INFY | 10,823 | $185,178 | 0.00% |
| 339 | Vale S.A. | VALE | 13,327 | $178,582 | 0.00% |
| 340 | Wuxi Biologics Cayman Inc. | 98260N108 | 15,141 | $175,636 | 0.00% |
| 341 | PT Astra International Tbk | 69367X109 | 21,895 | $175,598 | 0.00% |
| 342 | Ecopetrol S.A. | EC | 14,957 | $173,202 | 0.00% |
| 343 | Sendas Distribuidora S.A. | 81689T104 | 10,923 | $133,042 | 0.00% |
| 344 | OFS Capital Corp. | OFSSO | 11,260 | $126,562 | 0.00% |
| 345 | Trinity Capital Inc. | TRINZ | 8,867 | $123,429 | 0.00% |
| 346 | JBS S.A. | 466110103 | 14,047 | $100,296 | 0.00% |
| 347 | Bank of America Corp. | 060505104 | 789 | $21,603 | 0.00% |
| 348 | AGNC Investment Corp. | AGNCZ | 1,958 | $18,484 | 0.00% |
| 349 | Annaly Capital Management Inc. | NLY-PJ | 648 | $12,189 | 0.00% |