Portfolio (Quarterly) Guide ↗

CONFLUENCE INVESTMENT MANAGEMENT LLC

· CIK 0001442056

13F Portfolio $6.4B AUM 422 positions Filed Jul 1, 2026 EDGAR ↗ ← All Funds

Q2 2026 Q1 2026 · All 29 New 103 Added 141 Reduced 22 Exited

Page 2 of 2 · 22 positions

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
21	COST	Costco Wholesale Corp.	Consumer Defensive	210	$209K	0.00%	SOLD
22	RWAY	Runway Growth Finance Corp.	Financial Services	14,216	$98K	0.00%	SOLD

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Sector Allocation

Financial Services 23.1%

Industrials 20.8%

Consumer Defensive 11.6%

Technology 10.9%

Utilities 7.9%

Healthcare 7.0%

Basic Materials 6.8%

Consumer Cyclical 6.0%

Energy 5.6%

Communication Services 0.2%