# CONFLUENCE INVESTMENT MANAGEMENT LLC: Form 13F holdings

An institutional investment manager in ST. LOUIS, MO. SEC CIK 1442056.

- Quarter ended: 2026-06-30
- Filed: 2026-07-01
- Reported value: $6.40bn
- Positions: 290 (422 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1442056/000144205626000006/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| iShares 0-3 Month Treasury Bon | COM | $280.7m | 4.4% | 2,788,012 |  | Added +1,034,498 |
| [Snap-on Inc. (SNA)](/companies/sna.md) | COM | $167.9m | 2.6% | 417,132 |  | Reduced −18,764 |
| Chubb Ltd. | COM | $157.0m | 2.5% | 460,772 |  | Reduced −21,271 |
| Linde plc | COM | $140.5m | 2.2% | 270,727 |  | Reduced −12,345 |
| [WEC Energy Group Inc. (WEC)](/companies/wec.md) | COM | $139.1m | 2.2% | 1,191,332 |  | Reduced −45,684 |
| [Fastenal Co. (FAST)](/companies/fast.md) | COM | $135.9m | 2.1% | 2,829,738 |  | Reduced −136,984 |
| [Entergy Corp. (ETR)](/companies/etr.md) | COM | $132.8m | 2.1% | 1,156,624 |  | Reduced −72,663 |
| [Lockheed Martin Corp. (LMT)](/companies/lmt.md) | COM | $131.7m | 2.1% | 258,577 |  | Reduced −11,063 |
| [Southern Co. (SO)](/companies/so.md) | COM | $131.2m | 2.0% | 1,370,593 |  | Reduced −51,278 |
| [Stanley Black & Decker Inc. (SWK)](/companies/swk.md) | COM | $126.9m | 2.0% | 1,348,374 |  | New +1,348,374 |
| [Chevron Corp. (CVX)](/companies/cvx.md) | COM | $123.1m | 1.9% | 742,863 |  | Reduced −29,380 |
| [Progressive Corp. (PGR)](/companies/pgr.md) | COM | $121.8m | 1.9% | 557,408 |  | Reduced −22,851 |
| [Clorox Co. (CLX)](/companies/clx.md) | COM | $119.1m | 1.9% | 1,247,644 |  | Added +315,069 |
| [Mondelez International Inc. (MDLZ)](/companies/mdlz.md) | COM | $118.2m | 1.8% | 2,044,332 |  | Reduced −68,524 |
| [Analog Devices Inc. (ADI)](/companies/adi.md) | COM | $116.5m | 1.8% | 293,390 |  | Reduced −247,250 |
| [Hershey Co. (HSY)](/companies/hsy.md) | COM | $116.4m | 1.8% | 663,243 |  | Reduced −27,106 |
| [Northern Trust Corp. (NTRS)](/companies/ntrs.md) | COM | $114.8m | 1.8% | 660,416 |  | Reduced −19,844 |
| [Colgate-Palmolive Co. (CL)](/companies/cl.md) | COM | $110.9m | 1.7% | 1,209,372 |  | Reduced −40,718 |
| [Home Depot Inc. (HD)](/companies/hd.md) | COM | $109.8m | 1.7% | 311,263 |  | Reduced −8,660 |
| [Kinder Morgan Inc. (KMI)](/companies/kmi.md) | COM | $107.7m | 1.7% | 3,368,817 |  | Reduced −120,189 |
| [T. Rowe Price Group Inc. (TROW)](/companies/trow.md) | COM | $106.5m | 1.7% | 936,409 |  | Reduced −26,758 |
| [Gilead Sciences Inc. (GILD)](/companies/gild.md) | COM | $105.2m | 1.6% | 832,632 |  | Reduced −28,391 |
| [U.S. Bancorp (USB)](/companies/usb.md) | COM | $104.8m | 1.6% | 1,734,918 |  | Reduced −49,485 |
| [American Water Works Co. Inc. (AWK)](/companies/awk.md) | COM | $102.7m | 1.6% | 780,309 |  | Reduced −29,649 |
| [Cisco Systems Inc. (CSCO)](/companies/csco.md) | COM | $98.9m | 1.5% | 841,787 |  | Reduced −699,159 |
| [Paychex Inc. (PAYX)](/companies/payx.md) | COM | $93.7m | 1.5% | 952,424 |  | Reduced −17,385 |
| [Fidelity National Financial In (FNF)](/companies/fnf.md) | COM | $90.0m | 1.4% | 1,908,912 |  | Reduced −48,095 |
| [Nordson Corp. (NDSN)](/companies/ndsn.md) | COM | $84.8m | 1.3% | 281,120 |  | Reduced −27,147 |
| SPDR Portfolio Mortgage Backed | COM | $75.2m | 1.2% | 3,370,501 |  | Reduced −482,992 |
| SPDR Portfolio Developed World | COM | $74.7m | 1.2% | 1,482,773 |  | Reduced −109,720 |
| [W. R. Berkley Corp. (WRB)](/companies/wrb.md) | COM | $72.8m | 1.1% | 1,031,752 |  | Reduced −81,648 |
| [Broadridge Financial Solutions (BR)](/companies/br.md) | COM | $71.7m | 1.1% | 523,341 |  | Reduced −11,052 |
| [Mastercard Inc. (MA)](/companies/ma.md) | COM | $70.1m | 1.1% | 136,514 |  | Reduced −10,020 |
| SPDR Portfolio S&P 500 Growth | COM | $68.3m | 1.1% | 573,709 |  | Added +45,356 |
| [Stryker Corp. (SYK)](/companies/syk.md) | COM | $66.7m | 1.0% | 212,000 |  | Added +3,941 |
| SPDR Portfolio S&P 500 Value E | COM | $63.7m | 1.0% | 1,047,254 |  | Added +256,850 |
| [Masco Corp. (MAS)](/companies/mas.md) | COM | $62.5m | 1.0% | 768,680 |  | Reduced −59,924 |
| [Diageo plc (DEO)](/companies/deo.md) | COM | $62.5m | 1.0% | 776,936 |  | Reduced −576,498 |
| [Ares Capital Corp. (ARCC)](/companies/arcc.md) | COM | $62.4m | 1.0% | 3,367,580 |  | Reduced −67,709 |
| [TJX Co. Inc. (TJX)](/companies/tjx.md) | COM | $61.6m | 1.0% | 406,868 |  | Reduced −39,658 |
| [Air Products and Chemicals Inc (APD)](/companies/apd.md) | COM | $59.5m | 0.9% | 202,897 |  | Reduced −14,590 |
| [S&P Global Inc. (SPGI)](/companies/spgi.md) | COM | $57.7m | 0.9% | 141,607 |  | Added +7,327 |
| [Honeywell International Inc. (HON)](/companies/hon.md) | COM | $53.9m | 0.8% | 240,572 |  | New +240,572 |
| [Microsoft Corp. (MSFT)](/companies/msft.md) | COM | $53.3m | 0.8% | 142,894 |  | Reduced −5,717 |
| [Honeywell Aerospace Inc. (HONA)](/companies/hona.md) | COM | $53.3m | 0.8% | 241,062 |  | New +241,062 |
| [Illinois Tool Works Inc. (ITW)](/companies/itw.md) | COM | $52.2m | 0.8% | 193,034 |  | Reduced −14,125 |
| [Dow Inc. (DOW)](/companies/dow.md) | COM | $50.6m | 0.8% | 1,850,660 |  | Reduced −19,688 |
| [Paycom Software Inc. (PAYC)](/companies/payc.md) | COM | $47.1m | 0.7% | 374,387 |  | Reduced −33,360 |
| [Thermo Fisher Scientific Inc. (TMO)](/companies/tmo.md) | COM | $46.5m | 0.7% | 92,781 |  | Added +2,630 |
| [Berkshire Hathaway Inc. - B (BRK-B)](/companies/brk-b.md) | COM | $43.3m | 0.7% | 86,570 |  | Reduced −6,691 |
| Accenture plc | COM | $42.5m | 0.7% | 341,854 |  | Added +1,042 |
| NXP Semiconductors N.V. | COM | $42.5m | 0.7% | 151,365 |  | Reduced −68,459 |
| [Lowe's Co. Inc. (LOW)](/companies/low.md) | COM | $42.5m | 0.7% | 192,874 |  | Reduced −17,190 |
| [Graco Inc. (GGG)](/companies/ggg.md) | COM | $41.5m | 0.6% | 549,102 |  | Reduced −36,612 |
| [SPDR Gold MiniShares Trust ETF (GLDM)](/companies/gldm.md) | COM | $41.5m | 0.6% | 522,617 |  | Added +189,643 |
| [Alphabet Inc. (GOOGL)](/companies/googl.md) | COM | $40.8m | 0.6% | 115,450 |  | Reduced −57,429 |
| [Booking Holdings Inc. (BKNG)](/companies/bkng.md) | COM | $34.7m | 0.5% | 194,765 |  | Added +188,622 |
| [Carrier Global Corp. (CARR)](/companies/carr.md) | COM | $34.7m | 0.5% | 472,778 |  | Reduced −38,359 |
| iShares Barclays 10-20 Year Tr | COM | $33.7m | 0.5% | 335,581 |  | Added +129,713 |
| [Zoetis Inc. (ZTS)](/companies/zts.md) | COM | $33.4m | 0.5% | 465,449 |  | Added +323,586 |
| Arch Capital Group Ltd. | COM | $32.4m | 0.5% | 333,833 |  | Reduced −30,253 |
| [Brown-Forman Corp. - B (BF-B)](/companies/bf-b.md) | COM | $30.7m | 0.5% | 1,152,060 |  | Reduced −85,561 |
| [Martin Marietta Materials Inc. (MLM)](/companies/mlm.md) | COM | $30.1m | 0.5% | 52,207 |  | Reduced −4,648 |
| iShares MBS ETF | COM | $28.7m | 0.4% | 303,528 |  | Reduced −29,406 |
| iShares iBonds Dec 2035 Term T | COM | $26.2m | 0.4% | 1,044,548 |  | Added +236,662 |
| [Morningstar Inc. (MORN)](/companies/morn.md) | COM | $25.9m | 0.4% | 166,257 |  | Reduced −11,311 |
| [Brown & Brown Inc. (BRO)](/companies/bro.md) | COM | $24.8m | 0.4% | 386,030 |  | Reduced −18,615 |
| iShares iBonds Dec 2034 Term T | COM | $24.5m | 0.4% | 965,101 |  | Added +45,923 |
| [Expeditors International of Wa (EXPD)](/companies/expd.md) | COM | $24.2m | 0.4% | 148,269 |  | Reduced −12,434 |
| iShares iBonds Dec 2033 Term T | COM | $23.9m | 0.4% | 988,431 |  | Reduced −93,465 |
| [General Dynamics Corp. (GD)](/companies/gd.md) | COM | $23.4m | 0.4% | 65,990 |  | Reduced −4,904 |
| [Ecolab Inc. (ECL)](/companies/ecl.md) | COM | $23.3m | 0.4% | 83,581 |  | Reduced −5,873 |
| [Toro Co. (TTC)](/companies/ttc.md) | COM | $22.8m | 0.4% | 233,646 |  | Reduced −17,297 |
| [Keysight Technologies Inc. (KEYS)](/companies/keys.md) | COM | $22.6m | 0.4% | 64,599 |  | Reduced −114,905 |
| [Donaldson Co. Inc. (DCI)](/companies/dci.md) | COM | $22.2m | 0.3% | 247,292 |  | Reduced −18,431 |
| [Constellation Brands (STZ)](/companies/stz.md) | COM | $22.2m | 0.3% | 159,566 |  | Reduced −12,081 |
| iShares iBonds Dec 2031 Term T | COM | $22.2m | 0.3% | 1,098,504 |  | Reduced −104,310 |
| [New Jersey Resources Corp. (NJR)](/companies/njr.md) | COM | $21.7m | 0.3% | 387,609 |  | Reduced −29,349 |
| [Sherwin-Williams Co. (SHW)](/companies/shw.md) | COM | $21.4m | 0.3% | 62,256 |  | Reduced −4,194 |
| [RLI Corp. (RLI)](/companies/rli.md) | COM | $21.3m | 0.3% | 360,253 |  | Reduced −21,896 |
| [Amphenol Corp. (APH)](/companies/aph.md) | COM | $21.0m | 0.3% | 118,987 |  | Reduced −66,624 |
| [Charles River Laboratories Int (CRL)](/companies/crl.md) | COM | $20.8m | 0.3% | 91,632 |  | Reduced −8,902 |
| [AptarGroup Inc. (ATR)](/companies/atr.md) | COM | $20.1m | 0.3% | 160,935 |  | New +160,935 |
| SPDR S&P Dividend ETF | COM | $20.1m | 0.3% | 132,295 |  | Added +63,585 |
| [EOG Resources Inc. (EOG)](/companies/eog.md) | COM | $20.0m | 0.3% | 154,361 |  | Reduced −11,314 |
| [A. O. Smith Corp. (AOS)](/companies/aos.md) | COM | $19.6m | 0.3% | 312,013 |  | Reduced −7,062 |
| [ResMed Inc. (RMD)](/companies/rmd.md) | COM | $18.3m | 0.3% | 94,086 |  | Reduced −5,759 |
| [McDonald's Corp. (MCD)](/companies/mcd.md) | COM | $17.8m | 0.3% | 65,853 |  | Reduced −4,049 |
| [Trex Company Inc. (TREX)](/companies/trex.md) | COM | $17.7m | 0.3% | 354,325 |  | Reduced −36,316 |
| iShares Core MSCI Europe ETF | COM | $17.2m | 0.3% | 229,242 |  | Added +11,846 |
| [Procter & Gamble Co. (PG)](/companies/pg.md) | COM | $17.1m | 0.3% | 116,816 |  | Reduced −6,546 |
| iShares iBonds Dec 2032 Term T | COM | $16.7m | 0.3% | 735,847 |  | Reduced −68,247 |
| [Dollar Tree Inc. (DLTR)](/companies/dltr.md) | COM | $16.2m | 0.3% | 134,143 |  | Reduced −11,970 |
| Global X Defense Tech ETF | COM | $15.7m | 0.2% | 262,921 |  | Added +139,645 |
| [Valvoline Inc. (VVV)](/companies/vvv.md) | COM | $15.7m | 0.2% | 396,145 |  | Reduced −35,414 |
| Medtronic plc | COM | $15.3m | 0.2% | 195,240 |  | Reduced −10,161 |
| [Becton Dickinson & Co. (BDX)](/companies/bdx.md) | COM | $13.6m | 0.2% | 89,902 |  | Reduced −3,596 |
| Avantis International Small Ca | COM | $13.0m | 0.2% | 125,698 |  | Added +4,861 |
| State Street Energy Select Sec | COM | $12.3m | 0.2% | 230,673 |  | New +230,673 |
| [NIKE Inc. (NKE)](/companies/nke.md) | COM | $11.5m | 0.2% | 279,383 |  | Reduced −2,971 |
| [Walt Disney Co. (DIS)](/companies/dis.md) | COM | $10.9m | 0.2% | 113,021 |  | Reduced −10,135 |
| [Vontier Corp. (VNT)](/companies/vnt.md) | COM | $10.6m | 0.2% | 365,615 |  | Reduced −18,679 |
| Dimensional National Municipal | COM | $9.2m | 0.1% | 189,628 |  | Reduced −15,734 |
| iShares MSCI Global Metals & M | COM | $8.9m | 0.1% | 152,199 |  | Added +8,227 |
| [Copart Inc. (CPRT)](/companies/cprt.md) | COM | $8.3m | 0.1% | 292,941 |  | Reduced −21,024 |
| [Floor & Decor Holdings Inc. (FND)](/companies/fnd.md) | COM | $7.8m | 0.1% | 131,310 |  | New +131,310 |
| Invesco BulletShares 2034 Muni | COM | $7.5m | 0.1% | 303,465 |  | Reduced −24,244 |
| [JBT Marel Corp. (JBTM)](/companies/jbtm.md) | COM | $7.2m | 0.1% | 49,946 |  | Reduced −5,178 |
| [Ryan Specialty Group (RYAN)](/companies/ryan.md) | COM | $7.1m | 0.1% | 189,001 |  | New +189,001 |
| Vanguard FTSE Pacific Index Fu | COM | $7.0m | 0.1% | 60,466 |  | New +60,466 |
| [SPDR S&P 500 ETF (SPY)](/companies/spy.md) | COM | $6.7m | 0.1% | 8,922 |  | Reduced −3,000 |
| iShares iBonds Dec 2030 Term T | COM | $6.3m | <0.1% | 322,898 |  | Reduced −30,736 |
| Invesco BulletShares 2031 Muni | COM | $6.1m | <0.1% | 290,826 |  | Reduced −20,548 |
| Stevanato Group S.p.A. | COM | $6.1m | <0.1% | 335,493 |  | New +335,493 |
| Invesco Bulletshares 2033 Muni | COM | $5.7m | <0.1% | 220,399 |  | Reduced −17,464 |
| VanEck Gold Miners ETF | COM | $5.3m | <0.1% | 70,315 |  | Added +6,624 |
| Invesco BulletShares 2035 Muni | COM | $5.3m | <0.1% | 206,255 |  | Reduced −16,862 |
| [TripAdvisor Inc. (TRIP)](/companies/trip.md) | COM | $5.2m | <0.1% | 376,853 |  | Reduced −33,938 |
| Invesco BulletShares 2032 Munc | COM | $5.0m | <0.1% | 197,253 |  | Reduced −15,413 |
| [i3 Verticals Inc. (IIIV)](/companies/iiiv.md) | COM | $4.9m | <0.1% | 230,530 |  | Added +110,216 |
| [Main Street Capital Corp. (MAIN)](/companies/main.md) | COM | $4.9m | <0.1% | 93,486 |  | Added +2,528 |
| [Vail Resorts Inc. (MTN)](/companies/mtn.md) | COM | $4.6m | <0.1% | 34,082 |  | Reduced −3,121 |
| Powershares Insured National M | COM | $4.5m | <0.1% | 192,712 |  | Reduced −16,069 |
| [Cavco Industries Inc. (CVCO)](/companies/cvco.md) | COM | $4.5m | <0.1% | 7,310 |  | Reduced −680 |
| [Hercules Capital Inc. (HTGC)](/companies/htgc.md) | COM | $4.4m | <0.1% | 276,182 |  | Added +2,839 |
| [Golub Capital BDC Inc. (GBDC)](/companies/gbdc.md) | COM | $4.2m | <0.1% | 327,523 |  | Added +645 |
| [Berkshire Hathaway Inc. - A (BRK-B)](/companies/brk-b.md) | COM | $3.7m | <0.1% | 5 |  | Unchanged |
| [Taiwan Semiconductor Manufactu (TSM)](/companies/tsm.md) | COM | $3.6m | <0.1% | 7,622 |  | Reduced −975 |
| [Sixth Street Specialty Lending (TSLX)](/companies/tslx.md) | COM | $3.6m | <0.1% | 211,954 |  | Added +4,164 |
| [Agnico Eagle Mines Ltd. (AEM)](/companies/aem.md) | COM | $3.5m | <0.1% | 22,732 |  | Reduced −564 |
| [Blackstone Secured Lending Fun (BXSL)](/companies/bxsl.md) | COM | $3.5m | <0.1% | 146,606 |  | Added +2,559 |
| iShares National Muni Bond ETF | COM | $3.2m | <0.1% | 30,098 |  | Reduced −1,564 |
| BondBloxx Bloomberg One Year T | COM | $3.0m | <0.1% | 60,474 |  | New +60,474 |
| ASML Holding N.V. | COM | $2.9m | <0.1% | 1,439 |  | Reduced −1 |
| [Blue Owl Capital Corp. (OBDC)](/companies/obdc.md) | COM | $2.9m | <0.1% | 263,324 |  | Added +38,959 |
| [Barings BDC Inc. (BBDC)](/companies/bbdc.md) | COM | $2.6m | <0.1% | 306,261 |  | Reduced −1,611 |
| iShares Russell 1000 Value ETF | COM | $2.5m | <0.1% | 10,492 |  | Reduced −7,607 |
| Invesco BulletShares 2030 Muni | COM | $2.5m | <0.1% | 114,674 |  | Reduced −8,378 |
| Sandoz Group | COM | $2.5m | <0.1% | 27,141 |  | Reduced −1,338 |
| [Capital Southwest Corp. (CSWC)](/companies/cswc.md) | COM | $2.3m | <0.1% | 95,362 |  | Added +23 |
| Disco Corp. | COM | $2.2m | <0.1% | 42,521 |  | Reduced −277 |
| iShares iBonds Dec 2029 Term M | COM | $2.2m | <0.1% | 87,480 |  | Added +771 |
| Invesco BulletShares 2029 Muni | COM | $2.2m | <0.1% | 96,425 |  | Reduced −7,953 |
| [Mitsubishi UFJ Financial (MUFG)](/companies/mufg.md) | COM | $2.1m | <0.1% | 106,721 |  | Reduced −4,711 |
| [Baldwin Insurance Group Inc. (BWIN)](/companies/bwin.md) | COM | $2.1m | <0.1% | 77,621 |  | Reduced −561,016 |
| SPDR Industrial Select Sector | COM | $2.0m | <0.1% | 10,894 |  | New +10,894 |
| [New Mountain Finance Corp. (NMFC)](/companies/nmfc.md) | COM | $2.0m | <0.1% | 277,609 |  | Added +38 |
| AerCap Holdings N.V. | COM | $1.9m | <0.1% | 13,112 |  | Reduced −501 |
| DBS Group Holdings Ltd. | COM | $1.9m | <0.1% | 9,372 |  | Reduced −411 |
| [Core Natural Resources Inc. (CNR)](/companies/cnr.md) | COM | $1.9m | <0.1% | 23,555 |  | Added +1,379 |
| Techtronic Industries Co. Ltd. | COM | $1.8m | <0.1% | 22,118 |  | Added +575 |
| Gates Industrial Corp. plc | COM | $1.8m | <0.1% | 65,517 |  | Reduced −6,407 |
| Xtrackers Municipal Infrastruc | COM | $1.8m | <0.1% | 72,103 |  | New +72,103 |
| [ING Groep N.V. (ING)](/companies/ing.md) | COM | $1.8m | <0.1% | 56,589 |  | Reduced −2,414 |
| [Woodside Energy Group Ltd. (WDS)](/companies/wds.md) | COM | $1.7m | <0.1% | 90,282 |  | Added +3,136 |
| [Vista Energy S.A.B. de C.V. (VIST)](/companies/vist.md) | COM | $1.7m | <0.1% | 27,270 |  | Added +443 |
| Safran S.A. | COM | $1.7m | <0.1% | 17,366 |  | Reduced −713 |
| Lundin Mining Corp. | COM | $1.7m | <0.1% | 69,752 |  | Added +1,666 |
| [Southern Copper Corp. (SCCO)](/companies/scco.md) | COM | $1.7m | <0.1% | 9,672 |  | Added +350 |
| iShares iBonds Dec 2028 Term M | COM | $1.7m | <0.1% | 64,602 |  | Reduced −34,499 |
| [RBC Bearings Inc. (RBC)](/companies/rbc.md) | COM | $1.6m | <0.1% | 2,552 |  | Reduced −170 |
| [Spectrum Brands Holdings Inc. (SPB)](/companies/spb.md) | COM | $1.6m | <0.1% | 19,165 |  | Reduced −1,232 |
| Amglo Am PLC ADR | COM | $1.6m | <0.1% | 65,991 |  | Added +2,675 |
| Glencore plc | COM | $1.6m | <0.1% | 119,809 |  | Added +2,650 |
| [Cenovus Energy Inc. (CVE)](/companies/cve.md) | COM | $1.6m | <0.1% | 64,557 |  | Added +830 |
| First Quantum Minerals Ltd. | COM | $1.6m | <0.1% | 58,484 |  | Added +2,338 |
| [Hagerty Inc. (HGTY)](/companies/hgty.md) | COM | $1.6m | <0.1% | 132,055 |  | Reduced −8,786 |
| [Stewart Information Services C (STC)](/companies/stc.md) | COM | $1.6m | <0.1% | 23,716 |  | Reduced −1,745 |
| Zurich Insurance Group A.G. | COM | $1.5m | <0.1% | 41,635 |  | Reduced −1,315 |
| [Hayward Holdings Inc. (HAYW)](/companies/hayw.md) | COM | $1.5m | <0.1% | 88,331 |  | Reduced −5,077 |
| BNP Paribas S.A. | COM | $1.5m | <0.1% | 25,868 |  | Reduced −1,282 |
| [UFP Industries Inc. (UFPI)](/companies/ufpi.md) | COM | $1.5m | <0.1% | 16,254 |  | Added +3,354 |
| [Haemonetics Corp. (HAE)](/companies/hae.md) | COM | $1.5m | <0.1% | 19,455 |  | Reduced −1,169 |
| [Knowles Corp. (KN)](/companies/kn.md) | COM | $1.5m | <0.1% | 35,005 |  | Reduced −41,917 |
| [Newmont Mining Corp. (NEM)](/companies/nem.md) | COM | $1.5m | <0.1% | 15,538 |  | Added +471 |
| [ESAB Corp. (ESAB)](/companies/esab.md) | COM | $1.5m | <0.1% | 14,709 |  | Added +2,892 |
| Hong Kong Exchanges and Cleari | COM | $1.4m | <0.1% | 30,787 |  | Added +1,224 |
| [Tourmaline Oil Corp. (TRMOY)](/companies/trmoy.md) | COM | $1.4m | <0.1% | 33,988 |  | New +33,988 |
| VanEck Junior Gold Miners ETF | COM | $1.4m | <0.1% | 14,447 |  | Added +1,956 |
| [Tokio Marine Holdings Inc. (TKOMY)](/companies/tkomy.md) | COM | $1.4m | <0.1% | 30,795 |  | Added +261 |
| [Movado Group Inc. (MOV)](/companies/mov.md) | COM | $1.3m | <0.1% | 34,155 |  | Reduced −40,400 |
| Exxon Mobil Corp. | COM | $1.3m | <0.1% | 9,784 |  | Added +453 |
| [Shell plc (SHEL)](/companies/shel.md) | COM | $1.3m | <0.1% | 17,202 |  | Added +767 |
| [BAE Systems plc (BAESY)](/companies/baesy.md) | COM | $1.3m | <0.1% | 13,420 |  | Added +115 |
| [CF Industries Holdings Inc. (CF)](/companies/cf.md) | COM | $1.3m | <0.1% | 12,115 |  | New +12,115 |
| [Cameco Corp. (CCJ)](/companies/ccj.md) | COM | $1.3m | <0.1% | 12,856 |  | Added +3,834 |
| [Marten Transport Ltd. (MRTN)](/companies/mrtn.md) | COM | $1.3m | <0.1% | 75,256 |  | Reduced −5,357 |
| [BP PLC ADR (1:6) (BP)](/companies/bp.md) | COM | $1.3m | <0.1% | 35,263 |  | New +35,263 |
| Mitsui & Co. Ltd. | COM | $1.3m | <0.1% | 2,336 |  | Added +83 |
| [Occidental Petroleum Corp. (OXY)](/companies/oxy.md) | COM | $1.3m | <0.1% | 26,565 |  | New +26,565 |
| [UFP Technologies Inc. (UFPT)](/companies/ufpt.md) | COM | $1.3m | <0.1% | 4,851 |  | Reduced −246 |
| [Franco-Nevada Corp. (FNV)](/companies/fnv.md) | COM | $1.3m | <0.1% | 6,167 |  | Added +304 |
| [Littelfuse Inc. (LFUS)](/companies/lfus.md) | COM | $1.3m | <0.1% | 2,812 |  | Reduced −2,179 |
| Lynas Rare Earths Ltd. | COM | $1.3m | <0.1% | 100,731 |  | Added +1,625 |
| CRH plc | COM | $1.3m | <0.1% | 11,823 |  | New +11,823 |
| [Oaktree Specialty Lending Corp (OCSL)](/companies/ocsl.md) | COM | $1.3m | <0.1% | 105,926 |  | Reduced −925 |
| [Canadian Natural Resources Ltd (CNQ)](/companies/cnq.md) | COM | $1.3m | <0.1% | 31,974 |  | Added +1,604 |
| [Wheaton Precious Metals Corp. (WPM)](/companies/wpm.md) | COM | $1.3m | <0.1% | 11,175 |  | Added +558 |
| [Vulcan Materials Co. (VMC)](/companies/vmc.md) | COM | $1.2m | <0.1% | 4,194 |  | Added +281 |
| [Royal Gold Inc. (RGLD)](/companies/rgld.md) | COM | $1.2m | <0.1% | 6,162 |  | Added +285 |
| [John B Sanfilippo & Son Inc. (JBSS)](/companies/jbss.md) | COM | $1.2m | <0.1% | 14,170 |  | Reduced −831 |
| [EQT Corp. (EQT)](/companies/eqt.md) | COM | $1.2m | <0.1% | 22,743 |  | Added +1,389 |
| [Devon Energy Corp. (DVN)](/companies/dvn.md) | COM | $1.2m | <0.1% | 28,927 |  | New +28,927 |
| [MidCap Financial Investment Co (MFIC)](/companies/mfic.md) | COM | $1.2m | <0.1% | 118,551 |  | Added +1,369 |
| ITOCHU Corp. | COM | $1.2m | <0.1% | 103,063 |  | Added +1,159 |
| [Sony Group Corp. (SONY)](/companies/sony.md) | COM | $1.2m | <0.1% | 58,461 |  | Reduced −485 |
| L'Oreal S.A. | COM | $1.2m | <0.1% | 13,200 |  | Added +182 |
| [Alamos Gold Inc. (AGI)](/companies/agi.md) | COM | $1.1m | <0.1% | 36,903 |  | Added +1,677 |
| Chugai Pharms Co. Ltd. | COM | $1.1m | <0.1% | 47,712 |  | Added +612 |
| Altus Group Ltd. | COM | $1.1m | <0.1% | 34,653 |  | Reduced −1,863 |
| [Bain Capital Specialty Finance (BCSF)](/companies/bcsf.md) | COM | $1.1m | <0.1% | 87,630 |  | Added +946 |
| Komatsu Ltd. | COM | $1.1m | <0.1% | 27,992 |  | Added +1,085 |
| Roche Holding A.G. | COM | $1.1m | <0.1% | 20,925 |  | Added +258 |
| [Aberdeen Physical Platinum Sha (PPLT)](/companies/pplt.md) | COM | $1.1m | <0.1% | 75,305 |  | Added +69,865 |
| [Expand Energy Corp. (EXE)](/companies/exe.md) | COM | $1.0m | <0.1% | 11,412 |  | Added +870 |
| [Morgan Stanley Direct Lending (MSDL)](/companies/msdl.md) | COM | $1.0m | <0.1% | 67,513 |  | Added +192 |
| [Unilever plc (UL)](/companies/ul.md) | COM | $1.0m | <0.1% | 16,848 |  | Added +1,437 |
| [Kayne Anderson BDC (KBDC)](/companies/kbdc.md) | COM | $1.0m | <0.1% | 74,821 |  | Reduced −146 |
| [Shopify Inc. (SHOP)](/companies/shop.md) | COM | $1.0m | <0.1% | 8,814 |  | Reduced −484 |
| [Haleon plc (HLN)](/companies/hln.md) | COM | $991.4k | <0.1% | 106,258 |  | Added +1,869 |
| [CONMED Corp. (CNMD)](/companies/cnmd.md) | COM | $983.7k | <0.1% | 30,055 |  | Reduced −63,475 |
| SPDR Nuveen Barclays Capital S | COM | $932.2k | <0.1% | 19,435 |  | Reduced −41,857 |
| Wal-Mart de Mexico S.A.B. de C | COM | $930.2k | <0.1% | 31,630 |  | Added +3,157 |
| [ASE Technology Holding Co. Ltd (ASX)](/companies/asx.md) | COM | $924.4k | <0.1% | 20,488 |  | Reduced −1,055 |
| VanEck Vectors Long Municipal | COM | $921.8k | <0.1% | 51,847 |  | Reduced −118,106 |
| [Sea Ltd. (SE)](/companies/se.md) | COM | $913.7k | <0.1% | 9,535 |  | Added +1,303 |
| [Curtiss-Wright Corp. (CW)](/companies/cw.md) | COM | $879.0k | <0.1% | 1,160 |  | Unchanged |
| New Hope Corp. Ltd. | COM | $871.2k | <0.1% | 230,475 |  | New +230,475 |
| [Trinity Capital Inc. (TRIN)](/companies/trin.md) | COM | $867.7k | <0.1% | 48,503 |  | Added +6,679 |
| [Nuveen Churchill Direct Lendin (NCDL)](/companies/ncdl.md) | COM | $855.8k | <0.1% | 68,907 |  | Added +164 |
| LVMH Moet Hennessy Louis Vuitt | COM | $850.5k | <0.1% | 7,690 |  | Added +548 |
| [SAP S.E. (SAP)](/companies/sap.md) | COM | $835.6k | <0.1% | 5,422 |  | Reduced −1 |
| [Novo Nordisk A.S. (NVO)](/companies/nvo.md) | COM | $833.4k | <0.1% | 17,385 |  | Added +1,699 |
| [American Express Co. (AXP)](/companies/axp.md) | COM | $811.8k | <0.1% | 2,400 |  | Unchanged |
| iShares iBonds Dec 2027 Term M | COM | $809.3k | <0.1% | 31,836 |  | Reduced −370 |
| [J & J Snack Foods Corp. (JJSF)](/companies/jjsf.md) | COM | $805.6k | <0.1% | 10,968 |  | Reduced −421 |
| [Alibaba Group Holding Ltd. (BABA)](/companies/baba.md) | COM | $798.4k | <0.1% | 8,318 |  | Added +628 |
| [SLR Investment Corp. (SLRC)](/companies/slrc.md) | COM | $789.9k | <0.1% | 63,853 |  | Reduced −113 |
| [Badger Meter Inc. (BMI)](/companies/bmi.md) | COM | $784.9k | <0.1% | 5,290 |  | New +5,290 |
| LunR Royalties Corp. | COM | $766.4k | <0.1% | 57,116 |  | Added +15,315 |
| [Franklin Electric Co. Inc. (FELE)](/companies/fele.md) | COM | $717.1k | <0.1% | 6,690 |  | Reduced −343 |
| Rheinmetall AG | COM | $710.5k | <0.1% | 3,111 |  | Reduced −88 |
| Lundin Gold Inc. | COM | $695.0k | <0.1% | 12,877 |  | Added +1,289 |
| Nebius Group N.V. | COM | $683.5k | <0.1% | 2,475 |  | Added +48 |
| [Franklin Street Properties Cor (FSP)](/companies/fsp.md) | COM | $634.3k | <0.1% | 1,231,656 |  | Unchanged |
| [MSC Income Fund (MSIF)](/companies/msif.md) | COM | $629.7k | <0.1% | 54,422 |  | Reduced −433 |
| [Gladstone Investment Corp. (GAIN)](/companies/gain.md) | COM | $571.7k | <0.1% | 36,982 |  | New +36,982 |
| [Gold Fields Ltd. (GFI)](/companies/gfi.md) | COM | $528.9k | <0.1% | 15,745 |  | Added +889 |
| [KB Financial Group Inc. (KB)](/companies/kb.md) | COM | $521.0k | <0.1% | 4,964 |  | Added +310 |
| [Infineon Technologies A.G. (IFNNY)](/companies/ifnny.md) | COM | $498.6k | <0.1% | 5,307 |  | Added +86 |
| [Coca-Cola Femsa S.A.B. de C.V. (KOF)](/companies/kof.md) | COM | $402.5k | <0.1% | 3,788 |  | Added +300 |
| [Shinhan Financial Group Co. Lt (SHG)](/companies/shg.md) | COM | $397.8k | <0.1% | 6,290 |  | Added +491 |
| [Crescent Capital BDC Inc. (CCAP)](/companies/ccap.md) | COM | $386.7k | <0.1% | 35,410 |  | Added +3,187 |
| [Fomento Economico Mexicano S.A (FMX)](/companies/fmx.md) | COM | $381.0k | <0.1% | 2,979 |  | Added +252 |
| Credicorp Ltd. | COM | $368.5k | <0.1% | 946 |  | Added +61 |
| [ICICI Bank Ltd. (IBN)](/companies/ibn.md) | COM | $353.8k | <0.1% | 12,186 |  | Added +1,229 |
| Airbus SE | COM | $352.8k | <0.1% | 6,346 |  | Added +144 |
| Copa Holdings SA | COM | $342.6k | <0.1% | 2,202 |  | Added +242 |
| iShares iBonds Dec 2026 Term M | COM | $332.2k | <0.1% | 12,956 |  | Reduced −194 |
| [Blue Owl Technology Finance (OTF)](/companies/otf.md) | COM | $321.9k | <0.1% | 31,100 |  | New +31,100 |
| SPDR Nuveen S&P High Yield Mun | COM | $313.3k | <0.1% | 12,314 |  | Reduced −112,591 |
| [ZTO Express Cayman Inc. (ZTO)](/companies/zto.md) | COM | $312.6k | <0.1% | 13,966 |  | Added +1,426 |
| [ERO Copper Corp. (ERO)](/companies/ero.md) | COM | $305.1k | <0.1% | 11,428 |  | New +11,428 |
| Grupo Financiero Banorte S.A.B | COM | $293.7k | <0.1% | 5,575 |  | Added +637 |
| [Controladora Vuela Cia de Avia (VLRS)](/companies/vlrs.md) | COM | $287.4k | <0.1% | 30,676 |  | Added +4,527 |
| [H World Group Ltd. (HTHT)](/companies/htht.md) | COM | $286.0k | <0.1% | 6,855 |  | Added +733 |
| NU Holdings Ltd | COM | $285.7k | <0.1% | 21,385 |  | New +21,385 |
| Tencent Holdings Ltd. | COM | $268.1k | <0.1% | 4,855 |  | Added +588 |
| [SPDR Gold Shares ETF (GLD)](/companies/gld.md) | COM | $264.5k | <0.1% | 718 |  | Unchanged |
| [Yum China Holdings Inc. (YUMC)](/companies/yumc.md) | COM | $261.4k | <0.1% | 6,395 |  | Added +769 |
| [Dr Reddy's Laboratories Ltd. (RDY)](/companies/rdy.md) | COM | $259.5k | <0.1% | 17,910 |  | Added +2,414 |
| [MercadoLibre Inc. (MELI)](/companies/meli.md) | COM | $252.9k | <0.1% | 149 |  | Added +19 |
| MakeMyTrip Ltd. | COM | $249.4k | <0.1% | 4,680 |  | New +4,680 |
| [Baidu Inc. (BIDU)](/companies/bidu.md) | COM | $238.8k | <0.1% | 2,089 |  | Added +272 |
| JBS N.V. | COM | $229.0k | <0.1% | 19,326 |  | Added +2,845 |
| [Ecopetrol S.A. (EC)](/companies/ec.md) | COM | $220.2k | <0.1% | 15,465 |  | Added +2,027 |
| [Ameriprise Financial Inc. (AMP)](/companies/amp.md) | COM | $220.2k | <0.1% | 480 |  | Unchanged |
| Betterware de Mexico S.A.P.I. | COM | $217.6k | <0.1% | 12,096 |  | Added +1,768 |
| [JPMorgan Chase & Co. (JPM)](/companies/jpm.md) | COM | $213.7k | <0.1% | 653 |  | Reduced −32 |
| [Vale S.A. (VALE)](/companies/vale.md) | COM | $212.3k | <0.1% | 14,117 |  | Added +2,119 |
| [Waste Connections Inc. (WCN)](/companies/wcn.md) | COM | $207.4k | <0.1% | 1,244 |  | New +1,244 |
| [NVIDIA Corp. (NVDA)](/companies/nvda.md) | COM | $202.7k | <0.1% | 1,013 |  | New +1,013 |
| [Palmer Square Capital BDC Inc. (PSBD)](/companies/psbd.md) | COM | $199.6k | <0.1% | 19,157 |  | Reduced −1,524 |
| [Infosys Ltd. (INFY)](/companies/infy.md) | COM | $185.0k | <0.1% | 17,636 |  | Added +2,826 |
| Arcos Dorados Holdings Inc. | COM | $175.7k | <0.1% | 21,798 |  | Added +3,783 |
| Ping An Insurance Group Co. of | COM | $157.0k | <0.1% | 12,029 |  | New +12,029 |
| PT Astra International Tbk | COM | $141.0k | <0.1% | 26,857 |  | Added +6,680 |
| [Sendas Distribuidora S.A. (ASAIY)](/companies/asaiy.md) | COM | $129.4k | <0.1% | 15,372 |  | Added +1,798 |
| Pagseguro Digital Ltd. | COM | $125.2k | <0.1% | 13,835 |  | New +13,835 |
| [Elme Communities (ELME)](/companies/elme.md) | COM | $32.7k | <0.1% | 22,103 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| Antofagasta plc | COM | $0 | 0.0% | 0 |  | Sold out −34,178 |
| [Costco Wholesale Corp. (COST)](/companies/cost.md) | COM | $0 | 0.0% | 0 |  | Sold out −210 |
| Coterra Energy Inc. | COM | $0 | 0.0% | 0 |  | Sold out −39,307 |
| [Denison Mines Corp. (DNN)](/companies/dnn.md) | COM | $0 | 0.0% | 0 |  | Sold out −313,086 |
| [Enovis Corp. (ENOV)](/companies/enov.md) | COM | $0 | 0.0% | 0 |  | Sold out −39,936 |
| [Freeport-McMoRan Inc. (FCX)](/companies/fcx.md) | COM | $0 | 0.0% | 0 |  | Sold out −22,870 |
| [FS KKR Capital Corp. (FSK)](/companies/fsk.md) | COM | $0 | 0.0% | 0 |  | Sold out −147,605 |
| Honeywell International Inc. | COM | $0 | 0.0% | 0 |  | Sold out −499,862 |
| iShares 1-5 Year Investment Gr | COM | $0 | 0.0% | 0 |  | Sold out −225,126 |
| iShares 3-7 Year Treasury Bond | COM | $0 | 0.0% | 0 |  | Sold out −125,466 |
| iShares BB Rated Corporate Bon | COM | $0 | 0.0% | 0 |  | Sold out −350,424 |
| iShares iBonds Dec 2029 Term T | COM | $0 | 0.0% | 0 |  | Sold out −183,271 |
| [NexGen Energy Ltd (NXE)](/companies/nxe.md) | COM | $0 | 0.0% | 0 |  | Sold out −90,230 |
| Nintendo Co. Ltd. | COM | $0 | 0.0% | 0 |  | Sold out −70,478 |
| ProShares S&P MidCap 400 Divid | COM | $0 | 0.0% | 0 |  | Sold out −14,360 |
| [Runway Growth Finance Corp. (RWAY)](/companies/rway.md) | COM | $0 | 0.0% | 0 |  | Sold out −14,216 |
| SPDR S&P 400 Mid Cap Growth ET | COM | $0 | 0.0% | 0 |  | Sold out −13,458 |
| SPDR S&P 400 Mid Cap Value ETF | COM | $0 | 0.0% | 0 |  | Sold out −7,972 |
| [Starbucks Corp. (SBUX)](/companies/sbux.md) | COM | $0 | 0.0% | 0 |  | Sold out −315,131 |
| State Street Communication Ser | COM | $0 | 0.0% | 0 |  | Sold out −16,120 |
| [Uranium Energy Corp. (UEC)](/companies/uec.md) | COM | $0 | 0.0% | 0 |  | Sold out −76,801 |
| [Winnebago Industries Inc. (WGO)](/companies/wgo.md) | COM | $0 | 0.0% | 0 |  | Sold out −26,585 |

Source: SEC EDGAR, Form 13F-HR, accession 0001442056-26-000006. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.