0001442055-19-000003.txt : 20190724
0001442055-19-000003.hdr.sgml : 20190724
20190723174930
ACCESSION NUMBER: 0001442055-19-000003
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20190630
FILED AS OF DATE: 20190724
DATE AS OF CHANGE: 20190723
EFFECTIVENESS DATE: 20190724
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CONFLUENCE INVESTMENT MANAGEMENT LLC
CENTRAL INDEX KEY: 0001442056
IRS NUMBER: 261764456
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-13334
FILM NUMBER: 19968636
BUSINESS ADDRESS:
STREET 1: 20 ALLEN AVENUE, SUITE 300
CITY: ST. LOUIS
STATE: MO
ZIP: 63119
BUSINESS PHONE: 314-743-5090
MAIL ADDRESS:
STREET 1: 20 ALLEN AVENUE, SUITE 300
CITY: ST. LOUIS
STATE: MO
ZIP: 63119
13F-HR
1
primary_doc.xml
13F-HR
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0001442056
XXXXXXXX
06-30-2019
06-30-2019
CONFLUENCE INVESTMENT MANAGEMENT LLC
20 ALLEN AVENUE, SUITE 300
ST. LOUIS
MO
63119
13F COMBINATION REPORT
028-13334
028-06487
FIRST TRUST ADVISORS LP
N
Steven Farmer
Chief Compliance Officer
3147435292
Steven Farmer
Saint Louis
MO
07-23-2019
1
344
6250264
false
1
028-04687
FIRST TRUST ADVISORS LP
INFORMATION TABLE
2
inftable.xml
3M Company
COM
88579Y101
95924
553384
SH
SOLE
553384
0
0
Accenture PLC
COM
G1151C101
26042
140942
SH
SOLE
140822
0
120
AIA Group Lrd
COM
001317205
1455
33727
SH
SOLE
33222
0
505
Air Products & Chemicals Inc.
COM
009158106
26542
117249
SH
SOLE
117249
0
0
Alcentra Capital Corporation
COM
01374T102
1448
172787
SH
DFND
01
0
172787
0
Alcon ORD SHS
COM
H01301128
1997
32186
SH
SOLE
32186
0
0
Alibaba Group Holding Ltd
COM
01609W102
1660
9794
SH
SOLE
9745
0
49
Allergan Inc.
COM
G0177J108
29160
174164
SH
SOLE
174164
0
0
Allied Motion Technologies Inc
COM
019330109
4936
130242
SH
SOLE
130242
0
0
Allied Motion Technologies Inc
COM
019330109
912
24055
SH
DFND
01
0
24055
0
Alphabet Inc. - Class A
COM
02079K305
1980
1829
SH
SOLE
1829
0
0
Alphabet Inc. - Class C
COM
02079K107
33696
31174
SH
SOLE
31174
0
0
Amazon.com, Inc.
COM
023135106
365
193
SH
SOLE
193
0
0
American Express Company
COM
025816109
24697
200075
SH
SOLE
200075
0
0
American International Group I
COM
026874784
53330
1000946
SH
SOLE
1000946
0
0
American Water Works Co.
COM
030420103
22903
197441
SH
SOLE
197441
0
0
Analog Devices Inc.
COM
032654105
85773
759931
SH
SOLE
759931
0
0
Annaly Capital Management Inc.
COM
035710409
51
5615
SH
SOLE
5615
0
0
Annaly Capital Management Inc.
COM
035710409
6225
681782
SH
DFND
01
0
681782
0
Apollo Investment Corp.
COM
03761U502
423
26741
SH
SOLE
26741
0
0
Apollo Investment Corp.
COM
03761U502
5272
333700
SH
DFND
01
0
333700
0
Apple Inc.
COM
037833100
360
1817
SH
SOLE
1817
0
0
APTIV PLC
COM
G6095L109
1131
13998
SH
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13808
0
190
Ares Capital Corp.
COM
04010L103
76490
4263653
SH
SOLE
4263653
0
0
Ares Capital Corp.
COM
04010L103
12960
722412
SH
DFND
01
0
722412
0
Automatic Data Processing, Inc
COM
053015103
272
1643
SH
SOLE
1643
0
0
Avanos Medical Inc.
COM
05350v106
4150
95165
SH
SOLE
95165
0
0
Avanos Medical Inc.
COM
05350v106
849
19468
SH
DFND
01
0
19468
0
Axalta Coating Systems LTD
COM
G0750C108
58199
1954966
SH
SOLE
1954966
0
0
Banco Bradesco S.A.
COM
059460303
406
41356
SH
SOLE
41356
0
0
Bank of America Corp.
COM
060505104
366
12623
SH
SOLE
12623
0
0
Bank of Marin (CA)
COM
063425102
4505
109813
SH
SOLE
109813
0
0
Bank of Marin (CA)
COM
063425102
729
17768
SH
DFND
01
0
17768
0
Barclays 20 Plus Year Treasury
COM
464287432
22815
171784
SH
SOLE
171784
0
0
Barings BDC Inc
COM
06759l103
2662
270525
SH
SOLE
270525
0
0
Barings BDC Inc
COM
06759l103
6274
637594
SH
DFND
01
0
637594
0
Becton Dickinson and Company
COM
075887109
23989
95191
SH
SOLE
95191
0
0
Berkshire Hathaway Inc. - B
COM
084670702
38289
179618
SH
SOLE
179618
0
0
Berkshire Hathaway Inc. - Clas
COM
084670108
1592
5
SH
SOLE
5
0
0
Black Knight Inc
COM
09215C105
77809
1293582
SH
SOLE
1293582
0
0
BlackRock, Inc.
COM
09247X101
266
567
SH
SOLE
567
0
0
BP PLC (Adr 1:6)
COM
055622104
1188
28490
SH
SOLE
28100
0
390
Broadridge Financial Solutions
COM
11133T103
117290
918628
SH
SOLE
918628
0
0
Brookfield Asset Management In
COM
112585104
37347
781643
SH
SOLE
781643
0
0
Brown & Brown Inc.
COM
115236101
37632
1123347
SH
SOLE
1123347
0
0
Brown & Brown Inc.
COM
115236101
857
25590
SH
DFND
01
0
25590
0
Byd Company Limited Adr
COM
05606L100
236
19572
SH
SOLE
19572
0
0
Cambrex Corp
COM
132011107
4353
92983
SH
SOLE
92983
0
0
Cambrex Corp
COM
132011107
841
17969
SH
DFND
01
0
17969
0
Cameco Corp.
COM
13321L108
199
18574
SH
SOLE
18574
0
0
Canadian National Railway
COM
136375102
1094
11825
SH
SOLE
11651
0
174
Cannae Holdings Inc
COM
13765N107
16614
573287
SH
SOLE
573287
0
0
Cannae Holdings Inc
COM
13765N107
1243
42880
SH
DFND
01
0
42880
0
Capital Southwest Corp.
COM
140501107
2000
95477
SH
SOLE
95477
0
0
Capital Southwest Corp.
COM
140501107
424
20238
SH
DFND
01
0
20238
0
Capstead Mortgage Corp.
COM
14067E506
906
108500
SH
DFND
01
0
108500
0
Cerner Corporation
COM
156782104
32959
449640
SH
SOLE
449640
0
0
Charles Schwab
COM
808513105
19710
490417
SH
SOLE
490417
0
0
Chevron Corp.
COM
166764100
113349
910872
SH
SOLE
910872
0
0
China Mobile Limited
COM
16941M109
270
5972
SH
SOLE
5972
0
0
Chubb Corp
COM
H1467J104
116967
794124
SH
SOLE
794019
0
105
Cia Brasileira de Distribuicao
COM
20440T201
346
14120
SH
SOLE
14120
0
0
Cimarex Energy Co.
COM
171798101
212
3581
SH
SOLE
3581
0
0
CM Finance Inc.
COM
12574Q103
884
116134
SH
SOLE
116134
0
0
CM Finance Inc.
COM
12574Q103
992
130340
SH
DFND
01
0
130340
0
CNOOC Ltd.
COM
126132109
429
2517
SH
SOLE
2517
0
0
Colgate-Palmolive Co.
COM
194162103
112911
1575425
SH
SOLE
1575425
0
0
Commerce Bancshares Inc.
COM
200525103
21532
360906
SH
SOLE
360906
0
0
Compagnie Financiere Richemont
COM
204319107
44292
5247814
SH
SOLE
5247814
0
0
Concho Resources, Inc.
COM
20605P101
237
2293
SH
SOLE
2293
0
0
Corteva Inc
COM
22052L104
15365
519607
SH
SOLE
519607
0
0
Costco Wholesale Corporation
COM
22160K105
391
1481
SH
SOLE
1481
0
0
CREDICORP LTD
COM
G2519Y108
375
1638
SH
SOLE
1638
0
0
Cullen Frost Bankers Inc.
COM
229899109
17538
187252
SH
SOLE
187252
0
0
Cyberark Software Ltd
COM
M2682V108
1778
13905
SH
SOLE
13719
0
186
DBS GROUP HOLDINGS-SPON ADR
COM
23304y100
1210
15761
SH
SOLE
15526
0
235
Delta Air Lines
COM
247361702
14023
247098
SH
SOLE
247098
0
0
Diageo PLC
COM
25243Q205
156538
908415
SH
SOLE
908300
0
115
Digital Realty Trust Inc.
COM
253868103
94363
801109
SH
SOLE
801109
0
0
Donaldson Inc.
COM
257651109
21398
420716
SH
SOLE
420716
0
0
Dow Inc
COM
260557103
92427
1874416
SH
SOLE
1874416
0
0
DSV A/S-Unsponsored ADR
COM
26251A108
1558
31768
SH
SOLE
31374
0
394
Dupont De Nemurs Inc
COM
26614N102
39001
519531
SH
SOLE
519531
0
0
Ecopetrol SA
COM
279158109
1171
64045
SH
SOLE
63816
0
229
Elbit Systems Ltd
COM
M3760D101
1377
9208
SH
SOLE
9063
0
145
Eli Lilly & Co.
COM
532457108
266
2400
SH
SOLE
2400
0
0
ENN Energy Holdings Ltd
COM
26876F102
307
7886
SH
SOLE
7886
0
0
Entergy Corporation
COM
29364G103
97415
946421
SH
SOLE
946421
0
0
EOG Resources
COM
26875P101
518
5556
SH
SOLE
5556
0
0
Equinor ASA
COM
29446M102
780
39459
SH
SOLE
38852
0
607
Expeditors International of Wa
COM
302130109
19743
260253
SH
SOLE
260253
0
0
Exxon Mobil Corp.
COM
30231G102
17454
227774
SH
SOLE
227774
0
0
Fanuc Ltd. ADS
COM
307305102
881
47667
SH
SOLE
46967
0
700
Fastenal Co.
COM
311900104
117058
3591836
SH
SOLE
3591836
0
0
Fidelity National Financial In
COM
31620R303
97241
2412917
SH
SOLE
2412917
0
0
Fidelity National Information
COM
31620M106
23760
193678
SH
SOLE
193678
0
0
FOMENTO ECONOMICO MEXICANO, S.
COM
344419106
302
3120
SH
SOLE
3120
0
0
Forward Air Corp.
COM
349853101
4693
79349
SH
SOLE
79349
0
0
Forward Air Corp.
COM
349853101
673
11372
SH
DFND
01
0
11372
0
Franco-Nevada Corp.
COM
351858105
300
3538
SH
SOLE
3538
0
0
Franklin Street Properties Cor
COM
35471R106
590
80000
SH
SOLE
80000
0
0
Fresenius Medical Care AG & Co
COM
358029106
838
21328
SH
SOLE
21023
0
305
Frontdoor Inc
COM
35905A109
55604
1276775
SH
SOLE
1276775
0
0
Frontdoor Inc
COM
35905A109
1452
33350
SH
DFND
01
0
33350
0
Gates Industrial
COM
G39108108
5867
514219
SH
SOLE
514219
0
0
General Dynamics Corp.
COM
369550108
18815
103483
SH
SOLE
103483
0
0
Gilead Sciences
COM
375558103
81684
1209052
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SOLE
1209052
0
0
Gladstone Commercial Corp.
COM
376536108
5266
248174
SH
SOLE
248174
0
0
Gladstone Commercial Corp.
COM
376536108
840
39608
SH
DFND
01
0
39608
0
GlaxoSmithKline Plc (Adr 1:2)
COM
37733W105
7108
177603
SH
SOLE
177603
0
0
Gold Shares - SPDR
COM
78463V107
210
1576
SH
SOLE
1576
0
0
Goldman Sachs BDC Inc.
COM
38147U107
2419
122973
SH
SOLE
122973
0
0
Goldman Sachs BDC Inc.
COM
38147U107
2126
108063
SH
DFND
01
0
108063
0
Golub Capital BDC Inc.
COM
38173M102
3873
217561
SH
SOLE
217561
0
0
Golub Capital BDC Inc.
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38173M102
7649
429730
SH
DFND
01
0
429730
0
Graco Inc.
COM
384109104
105779
2107994
SH
SOLE
2107994
0
0
Grupo Financiero ADR
COM
40052P107
253
8730
SH
SOLE
8730
0
0
HDFC Bank Ltd
COM
40415F101
472
3632
SH
SOLE
3632
0
0
Hercules Technology Growth Cap
COM
427096508
2519
196489
SH
SOLE
196489
0
0
Hercules Technology Growth Cap
COM
427096508
7507
585598
SH
DFND
01
0
585598
0
Home Depot Inc.
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437076102
25536
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0
Honeywell International, Inc.
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388
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2222
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0
Huazhu Group Ltd.
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0
0
I3 Verticals Inc
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46571Y107
6625
224966
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224966
0
0
I3 Verticals Inc
COM
46571Y107
1092
37080
SH
DFND
01
0
37080
0
ICICI Bank Ltd. ADS
COM
45104g104
176
13968
SH
SOLE
13968
0
0
Icon PLC
COM
G4705A100
2418
15707
SH
SOLE
15522
0
185
Illinois Tool Works Inc.
COM
452308109
48280
320136
SH
SOLE
320136
0
0
Industrial Select Sector - SPD
COM
81369Y704
2820
36424
SH
SOLE
36424
0
0
ING Groep NV
COM
456837103
526
45424
SH
SOLE
44620
0
804
Innophos Holdings Inc
COM
45774N108
3724
127928
SH
SOLE
127928
0
0
Innophos Holdings Inc
COM
45774N108
647
22240
SH
DFND
01
0
22240
0
Invesco BulletShares 2021
COM
46138j700
9538
450094
SH
SOLE
450094
0
0
Invesco BulletShares 2022
COM
46138j882
9587
448115
SH
SOLE
448115
0
0
Invesco BulletShares 2024
COM
46138j841
9795
460940
SH
SOLE
460940
0
0
Invesco BulletShares 2025
COM
46138j825
13705
647686
SH
SOLE
647686
0
0
iShares 7-10 Year Treasury Bon
COM
464287440
30287
275284
SH
SOLE
275284
0
0
iShares Barclays 10-20 Year Tr
COM
464288653
693
4844
SH
SOLE
4844
0
0
iShares Core US Values - ETF
COM
464287663
1822
32167
SH
SOLE
32167
0
0
iShares Corporate Bond ETF 202
COM
46432FAZ0
13431
502554
SH
SOLE
502554
0
0
iShares Corporate ex Financial
COM
46432FAK3
9429
383223
SH
SOLE
383223
0
0
iShares Corporate iBonds ETF 2
COM
46435GAA0
15647
624390
SH
SOLE
624390
0
0
iShares Floating Rate Note Fun
COM
46429B655
242
4755
SH
SOLE
4755
0
0
iShares Gold Trust
COM
464285105
5548
410991
SH
SOLE
410991
0
0
iShares iBonds Dec 2021 AMT-Fr
COM
46435G789
6712
260345
SH
SOLE
260345
0
0
iShares iBonds Dec 2022 AMT-Fr
COM
46435G755
6734
257827
SH
SOLE
257827
0
0
iShares iBonds Dec 2023 Term C
COM
46434VAX8
1216
47858
SH
SOLE
47858
0
0
iShares iBonds Dec 2024 Term M
COM
46435U697
3507
133564
SH
SOLE
133564
0
0
iShares iBonds Dec 2025 Term C
COM
46434VBD1
1734
67724
SH
SOLE
67724
0
0
iShares iBonds Dec 2025 Term M
COM
46435U432
3520
130811
SH
SOLE
130811
0
0
iShares iBonds Dec 2027 Term C
COM
46435UAA9
11666
457652
SH
SOLE
457652
0
0
iShares iBonds Dec 2028 Term C
COM
46435U515
13592
500535
SH
SOLE
500535
0
0
iShares iBonds Sep 2020 Amt Fr
COM
46434V571
4590
179667
SH
SOLE
179667
0
0
iShares iBoxx Corporate Bond E
COM
464287242
553
4449
SH
SOLE
4449
0
0
iShares Intermediate Term Corp
COM
464288638
7965
139851
SH
SOLE
139851
0
0
iShares Long-Term Corporate Bo
COM
464289511
3625
56863
SH
SOLE
56863
0
0
iShares MBS Bond ETF
COM
464288588
17116
159068
SH
SOLE
159068
0
0
iShares Muni Bond 2023
COM
46435G318
3495
135874
SH
SOLE
135874
0
0
iShares National AMT-Free Muni
COM
464288414
2756
24373
SH
SOLE
24373
0
0
Itau Unibanco Holding S/A ADS
COM
465562106
405
42977
SH
SOLE
42977
0
0
Jazz Pharmaceuticals Plc
COM
G50871105
605
4243
SH
SOLE
4173
0
70
John Bean Technologies Corp.
COM
477839104
6154
50806
SH
SOLE
50806
0
0
John Bean Technologies Corp.
COM
477839104
1107
9141
SH
DFND
01
0
9141
0
JP Morgan Chase & Company
COM
46625H100
718
6419
SH
SOLE
6419
0
0
Kadant Inc
COM
48282T104
4693
51674
SH
SOLE
51674
0
0
Kadant Inc
COM
48282T104
875
9634
SH
DFND
01
0
9634
0
KB Financial Group Inc
COM
48241a105
275
6954
SH
SOLE
6954
0
0
Kemper Corp.
COM
488401100
386
4470
SH
SOLE
4470
0
0
Kinder Morgan Inc.
COM
49456B101
117280
5616868
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SOLE
5616868
0
0
Kirkland Lake Gold Ltd
COM
49741E100
202
4699
SH
SOLE
4699
0
0
KOMATSU LTD
COM
500458401
742
30581
SH
SOLE
30121
0
460
Lam Research Corporation
COM
512807108
222
1183
SH
SOLE
1183
0
0
Leagold Mining Corp
COM
52176A205
184
119746
SH
SOLE
119746
0
0
Linde PLC
COM
G5494J103
143803
716153
SH
SOLE
716153
0
0
Localiza Rent a Car SA
COM
53956W300
558
52591
SH
SOLE
52591
0
0
Lockheed Martin Corp
COM
539830109
127178
349833
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349833
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0
Lowe's Companies Inc.
COM
548661107
36042
357165
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SOLE
357165
0
0
LVMH Moet Hennessy Louis Vuitt
COM
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SOLE
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270
M&T Bank Corp.
COM
55261F104
20619
121238
SH
SOLE
121238
0
0
MAG Silver Corp
COM
55903Q104
146
13865
SH
SOLE
13865
0
0
Main Street Capital Corp.
COM
56035L104
1197
29116
SH
SOLE
29116
0
0
Main Street Capital Corp.
COM
56035L104
2019
49107
SH
DFND
01
0
49107
0
Manatuck Hill Mariner Offshore
COM
562996983
380
2343
SH
SOLE
2343
0
0
Markel Corp.
COM
570535104
60934
55923
SH
SOLE
55923
0
0
Martin Marietta Materials Inc.
COM
573284106
102216
444204
SH
SOLE
444204
0
0
Mastercard Inc. - A
COM
57636Q104
68637
259468
SH
SOLE
259468
0
0
Materials Select Sector - SPDR
COM
81369Y100
2484
42460
SH
SOLE
42460
0
0
McDonald's Corp.
COM
580135101
25553
123053
SH
SOLE
123053
0
0
Medley Capital Corp.
COM
58503F106
1092
466714
SH
DFND
01
0
466714
0
Medtronic
COM
G5960L103
23030
236476
SH
SOLE
236476
0
0
Melco Resorts & Entertainment
COM
585464100
1019
46905
SH
SOLE
46575
0
330
MERCADOLIBRE INC
COM
58733R102
418
684
SH
SOLE
684
0
0
Microsoft Corp.
COM
594918104
149977
1119568
SH
SOLE
1119568
0
0
Mitsubishi UFJ Financial
COM
606822104
726
152763
SH
SOLE
150563
0
2200
MMC Norilsk Nickel
COM
55315j102
215
9486
SH
SOLE
9486
0
0
Monotype Imaging Holdings Inc.
COM
61022P100
4214
250245
SH
SOLE
250245
0
0
Monotype Imaging Holdings Inc.
COM
61022P100
628
37283
SH
DFND
01
0
37283
0
Morgan Stanley
COM
617446448
245
5583
SH
SOLE
5583
0
0
Morningstar Inc.
COM
617700109
16989
117456
SH
SOLE
117456
0
0
Morningstar Inc.
COM
617700109
1019
7042
SH
DFND
01
0
7042
0
Movado Group Inc.
COM
624580106
4017
148769
SH
SOLE
148769
0
0
Movado Group Inc.
COM
624580106
674
24974
SH
DFND
01
0
24974
0
MSC Industrial Direct Co. Inc.
COM
553530106
25357
341460
SH
SOLE
341460
0
0
MTS Systems Corp.
COM
553777103
5304
90612
SH
SOLE
90612
0
0
MTS Systems Corp.
COM
553777103
887
15154
SH
DFND
01
0
15154
0
Nathan's Famous Inc
COM
632347100
1634
20913
SH
SOLE
20913
0
0
Nathan's Famous Inc
COM
632347100
356
4559
SH
DFND
01
0
4559
0
Natus Medical Inc.
COM
639050103
3511
136677
SH
SOLE
136677
0
0
Natus Medical Inc.
COM
639050103
559
21769
SH
DFND
01
0
21769
0
Neenah Paper Inc
COM
640079109
4199
62168
SH
SOLE
62168
0
0
Neenah Paper Inc
COM
640079109
875
12960
SH
DFND
01
0
12960
0
Nestle SA
COM
641069406
134177
1297654
SH
SOLE
1297654
0
0
New Jersey Resources Corp.
COM
646025106
22683
455762
SH
SOLE
455762
0
0
New Mountain Finance Corp.
COM
647551100
4256
304660
SH
SOLE
304660
0
0
New Mountain Finance Corp.
COM
647551100
8069
577564
SH
DFND
01
0
577564
0
Nike Inc. - B
COM
654106103
22381
266593
SH
SOLE
266593
0
0
Nintendo Co. Ltd. ADS
COM
654445303
880
19221
SH
SOLE
18936
0
285
Nordson Corporation
COM
655663102
22779
161200
SH
SOLE
161200
0
0
Nordstrom Inc.
COM
655664100
13261
416213
SH
SOLE
416213
0
0
Northern Trust Corporation
COM
665859104
109356
1215067
SH
SOLE
1215067
0
0
Northwest Natural Holding Co
COM
66765N105
5590
80432
SH
SOLE
80432
0
0
Northwest Natural Holding Co
COM
66765N105
909
13080
SH
DFND
01
0
13080
0
Novartis AG - ADR
COM
66987V109
21055
230583
SH
SOLE
230379
0
204
NVIDIA Corp.
COM
67066G104
288
1753
SH
SOLE
1753
0
0
NXP Semiconductors N.V.
COM
N6596X109
145953
1495268
SH
SOLE
1495268
0
0
Oaktree Specialty Lending Corp
COM
67401P108
1726
318438
SH
SOLE
318438
0
0
OFS Capital Corp.
COM
67103B100
3410
284189
SH
SOLE
284189
0
0
OFS Capital Corp.
COM
67103B100
3265
272084
SH
DFND
01
0
272084
0
Oracle Corporation
COM
68389X105
34586
607095
SH
SOLE
607095
0
0
Orix Corp. ADS
COM
686330101
525
7011
SH
SOLE
6907
0
104
Pagseguro Digital Ltd
COM
G68707101
335
8602
SH
SOLE
8602
0
0
Pan American Silver Corp
COM
697900108
188
14571
SH
SOLE
14571
0
0
Patterson Companies Inc.
COM
703395103
7755
338634
SH
SOLE
338634
0
0
Patterson Companies Inc.
COM
703395103
665
29055
SH
DFND
01
0
29055
0
Paychex Inc.
COM
704326107
136083
1653703
SH
SOLE
1653703
0
0
PayPal Holdings, Inc.
COM
70450Y103
674
5886
SH
SOLE
5886
0
0
PennantPark Floating Rate Capi
COM
70806A106
1772
153293
SH
SOLE
153293
0
0
PennantPark Floating Rate Capi
COM
70806A106
231
20000
SH
DFND
01
0
20000
0
PennantPark Investment Corp.
COM
708062104
986
156088
SH
SOLE
156088
0
0
PennantPark Investment Corp.
COM
708062104
4772
755081
SH
DFND
01
0
755081
0
Pepsico Inc.
COM
713448108
158061
1205376
SH
SOLE
1205376
0
0
Petrobras Petroleo Brasileiro
COM
71654V408
305
19594
SH
SOLE
19594
0
0
Pfizer Inc.
COM
717081103
98630
2276772
SH
SOLE
2276772
0
0
Phibro Animal Health Corp Clas
COM
71742Q106
3699
116430
SH
SOLE
116430
0
0
Phibro Animal Health Corp Clas
COM
71742Q106
831
26145
SH
DFND
01
0
26145
0
Pimco Enhanced Short Maturity
COM
72201R833
242
2375
SH
SOLE
2375
0
0
Pioneer Natural Resources Co.
COM
723787107
209
1356
SH
SOLE
1356
0
0
Polaris Industries
COM
731068102
106107
1163071
SH
SOLE
1163071
0
0
Portman Ridge Finance Corp
COM
73688F102
766
340472
SH
DFND
01
0
340472
0
Potbelly Corp.
COM
73754Y100
1921
377406
SH
SOLE
377406
0
0
Potbelly Corp.
COM
73754Y100
388
76253
SH
DFND
01
0
76253
0
PPG Industries Inc.
COM
693506107
21436
183667
SH
SOLE
183667
0
0
Procter & Gamble Company
COM
742718109
22552
205677
SH
SOLE
205677
0
0
Progressive Corp.
COM
743315103
120977
1513535
SH
SOLE
1513535
0
0
Raven Industries Inc.
COM
754212108
4846
135050
SH
SOLE
135050
0
0
Raven Industries Inc.
COM
754212108
721
20105
SH
DFND
01
0
20105
0
Rayonier Inc.
COM
754907103
90248
2978479
SH
SOLE
2978479
0
0
Rayonier Inc.
COM
754907103
797
26288
SH
DFND
01
0
26288
0
RBC Bearings Incorporated
COM
75524B104
5638
33798
SH
SOLE
33798
0
0
RBC Bearings Incorporated
COM
75524B104
1063
6371
SH
DFND
01
0
6371
0
RE/MAX Holdings Inc.
COM
75524W108
3699
120269
SH
SOLE
120269
0
0
RE/MAX Holdings Inc.
COM
75524W108
678
22055
SH
DFND
01
0
22055
0
REIT Index - Vanguard
COM
922908553
1008
11538
SH
SOLE
11538
0
0
Resources Connection Inc
COM
76122Q105
4951
309253
SH
SOLE
309253
0
0
Resources Connection Inc
COM
76122Q105
767
47904
SH
DFND
01
0
47904
0
Rio Tinto PLC
COM
767204100
1577
25296
SH
SOLE
24896
0
400
Royal Dutch Shell PLC - Cl A
COM
780259206
1324
20352
SH
SOLE
20102
0
250
Royal Gold, Inc.
COM
780287108
309
3011
SH
SOLE
3011
0
0
S&P 500 - SPDR
COM
78462F103
4907
16748
SH
SOLE
16748
0
0
S&P 500 Growth Index - iShares
COM
464287309
19324
107810
SH
SOLE
107810
0
0
S&P 500 Index Fund - iShares
COM
464287200
521
1769
SH
SOLE
1769
0
0
S&P 500 Value Index - iShares
COM
464287408
19428
166665
SH
SOLE
166665
0
0
S&P MidCap 400 Growth Index Fu
COM
464287606
19573
86501
SH
SOLE
86501
0
0
S&P MidCap 400 Value Index Fun
COM
464287705
19115
119868
SH
SOLE
119868
0
0
S&P SmallCap 600 Growth Index
COM
464287887
9518
52157
SH
SOLE
52157
0
0
S&P SmallCap 600 Index Fund -
COM
464287804
275
3515
SH
SOLE
3515
0
0
S&P SmallCap 600 Value Index F
COM
464287879
10024
67447
SH
SOLE
67447
0
0
Sandstorm Gold Ltd.
COM
80013R206
206
37108
SH
SOLE
37108
0
0
SAP AG - ADS
COM
803054204
1198
8759
SH
SOLE
8624
0
135
Schlumberger Ltd.
COM
806857108
18950
476837
SH
SOLE
476837
0
0
Seabridge Gold Inc.
COM
811916105
176
12984
SH
SOLE
12984
0
0
SEI Investments Company
COM
784117103
19521
347974
SH
SOLE
347974
0
0
Shiseido Co Ltd
COM
824841407
514
6797
SH
SOLE
6692
0
105
Shopify Inc
COM
82509L107
1463
4873
SH
SOLE
4821
0
52
SJW Group
COM
784305104
5451
89702
SH
SOLE
89702
0
0
SJW Group
COM
784305104
895
14733
SH
DFND
01
0
14733
0
Smith & Nephew (Adr 1:5)
COM
83175M205
576
13229
SH
SOLE
12954
0
275
Soc Quimica Y Minera Chile (Ad
COM
833635105
228
7342
SH
SOLE
7342
0
0
Solar Capital Ltd.
COM
83413U100
3170
154389
SH
SOLE
154389
0
0
Solar Capital Ltd.
COM
83413U100
6071
295709
SH
DFND
01
0
295709
0
Solar Senior Capital Ltd.
COM
83416M105
1083
68055
SH
SOLE
68055
0
0
Sony Corp. ADS
COM
835699307
1195
22814
SH
SOLE
22459
0
355
Southern Company
COM
842587107
123650
2236803
SH
SOLE
2236803
0
0
SPDR Nuveen Barclays Capital M
COM
78468R721
6886
137342
SH
SOLE
137342
0
0
SPDR Portfolio Intermediate Te
COM
78464A375
15546
445060
SH
SOLE
445060
0
0
Spectrum Brands Holdings Inc
COM
84790a105
27436
510244
SH
SOLE
510244
0
0
Starbucks Corporation
COM
855244109
67958
810663
SH
SOLE
810663
0
0
Stellus Capital Investment
COM
858568108
2517
181984
SH
SOLE
181984
0
0
Stellus Capital Investment
COM
858568108
3957
286126
SH
DFND
01
0
286126
0
Stryker Corp.
COM
863667101
64403
313275
SH
SOLE
313275
0
0
Sumitomo Mitsui-Spons ADR
COM
86562M209
1003
142041
SH
SOLE
140216
0
1825
T. Rowe Price Group Inc.
COM
74144T108
22505
205131
SH
SOLE
205131
0
0
Taiwan Semiconductor Manufactu
COM
874039100
670
17114
SH
SOLE
17004
0
110
TCP Capital Corp.
COM
09259e108
4022
282216
SH
SOLE
282216
0
0
TCP Capital Corp.
COM
09259e108
7935
556863
SH
DFND
01
0
556863
0
Technology Select Sector SPDR
COM
81369Y803
4120
52795
SH
SOLE
52795
0
0
Teck Resources Limited
COM
878742204
887
38485
SH
SOLE
37865
0
620
Tencent Holdings LTD
COM
88032Q109
1114
24610
SH
SOLE
24475
0
135
Tencent Music Entertainment Gr
COM
88034P109
272
18145
SH
SOLE
18145
0
0
The Clorox Company
COM
189054109
21292
139062
SH
SOLE
139062
0
0
The Mosaic Company
COM
61945C103
215
8579
SH
SOLE
8579
0
0
Thermo Fisher Scientific Inc.
COM
883556102
44253
150684
SH
SOLE
150684
0
0
Thermon Group Holdings Inc.
COM
88362T103
5613
218846
SH
SOLE
218846
0
0
Thermon Group Holdings Inc.
COM
88362T103
819
31938
SH
DFND
01
0
31938
0
Tiffany & Co.
COM
886547108
58179
621303
SH
SOLE
621303
0
0
TJX Companies
COM
872540109
56081
1060531
SH
SOLE
1060531
0
0
Torex Gold Res Inc
COM
891054603
189
18319
SH
SOLE
18319
0
0
Total SA - ADR
COM
89151E109
440
7887
SH
SOLE
7766
0
121
TPG Specialty Lending, Inc.
COM
87265K102
2347
119724
SH
SOLE
119724
0
0
TPG Specialty Lending, Inc.
COM
87265K102
4052
206751
SH
DFND
01
0
206751
0
TriplePoint Venture Growth BDC
COM
89677Y100
3259
229057
SH
SOLE
229057
0
0
TriplePoint Venture Growth BDC
COM
89677Y100
6885
483845
SH
DFND
01
0
483845
0
Two Harbors Investment Corp.
COM
90187b408
18
1384
SH
SOLE
1384
0
0
Two Harbors Investment Corp.
COM
90187b408
5511
434949
SH
DFND
01
0
434949
0
Unilever Plc
COM
904767704
1111
17934
SH
SOLE
17664
0
270
United Overseas Bank Limited
COM
911271302
988
25457
SH
SOLE
25077
0
380
United Technologies Corp.
COM
913017109
45829
351992
SH
SOLE
351992
0
0
US Bancorp
COM
902973304
88875
1696092
SH
SOLE
1696092
0
0
US Concrete Inc
COM
90333L201
3174
63870
SH
SOLE
63870
0
0
VanEck Vectors Long Municipal
COM
92189F536
9645
464588
SH
SOLE
464588
0
0
Varex Imaging Corp
COM
92214x106
4421
144231
SH
SOLE
144231
0
0
Varex Imaging Corp
COM
92214x106
605
19741
SH
DFND
01
0
19741
0
Veritex Holdings
COM
923451108
4255
163959
SH
SOLE
163959
0
0
Veritex Holdings
COM
923451108
723
27869
SH
DFND
01
0
27869
0
Visa, Inc. - A
COM
92826C839
750
4324
SH
SOLE
4324
0
0
W.R. Berkley Corp.
COM
084423102
44662
677412
SH
SOLE
677412
0
0
Walmart De-Mexico-Spon ADR V
COM
93114W107
350
12821
SH
SOLE
12821
0
0
Waste Connections, INC.
COM
94106B101
1949
20395
SH
SOLE
20163
0
232
Weyerhaeuser Co.
COM
962166104
78321
2973474
SH
SOLE
2973474
0
0
WNS Holdings Ltd
COM
92932M101
262
4422
SH
SOLE
4422
0
0
Woori Bank
COM
981064108
261
7106
SH
SOLE
7106
0
0
Xechem International Inc
COM
983895301
0
32353
SH
SOLE
32353
0
0
Yandex NV
COM
N97284108
409
10773
SH
SOLE
10773
0
0
ZTO Express Cayman Inc
COM
98980A105
1047
54785
SH
SOLE
54470
0
315