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CONFLUENCE INVESTMENT MANAGEMENT LLC

· CIK 0001442056
13F Portfolio $6.7B AUM 458 positions Filed Jan 5, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 296 New
Page 1 of 15  ·  296 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SGOV iShares 0-3 Month Treasury Bon 2,091,242.0 $209.9M 3.15% NEW $100.38 +0.2%
2 SNA Snap-on Inc. Industrials 469,309.0 $161.7M 2.42% NEW $344.60 +6.3%
3 CB Chubb Ltd. Financial Services 511,021.0 $159.5M 2.39% NEW $312.12 +3.9%
4 ADI Analog Devices Inc. Technology 585,879.0 $158.9M 2.38% NEW $271.20 +53.9%
5 NTRS Northern Trust Corp. Financial Services 1,103,103.0 $150.7M 2.26% NEW $136.59 +20.3%
6 WEC WEC Energy Group Inc. Utilities 1,327,420.0 $140.0M 2.10% NEW $105.46 +5.9%
7 LMT Lockheed Martin Corp. Industrials 285,228.0 $138.0M 2.07% NEW $483.67 +7.6%
8 PGR Progressive Corp. Financial Services 597,858.0 $136.1M 2.04% NEW $227.72 -13.9%
9 SO Southern Co. Utilities 1,485,576.0 $129.5M 1.94% NEW $87.20 +7.4%
10 HSY Hershey Co. Consumer Defensive 697,914.0 $127.0M 1.90% NEW $181.98 +4.6%
11 LIN Linde plc Basic Materials 297,323.0 $126.8M 1.90% NEW $426.39 +20.0%
12 CSCO Cisco Systems Inc. Technology 1,618,101.0 $124.6M 1.87% NEW $77.03 +50.0%
13 BR Broadridge Financial Solutions Technology 556,515.0 $124.2M 1.86% NEW $223.17 -34.7%
14 FAST Fastenal Co. Industrials 3,093,116.0 $124.1M 1.86% NEW $40.13 +9.6%
15 CVX Chevron Corp. Energy 801,450.0 $122.1M 1.83% NEW $152.41 +22.5%
16 IWD iShares Russell 1000 Value ETF 568,609.0 $119.6M 1.79% NEW $210.34 +10.4%
17 Entergy Corp. 1,287,734.0 $119.0M 1.78% NEW $92.43
18 HD Home Depot Inc. Consumer Cyclical 331,755.0 $114.2M 1.71% NEW $344.10 -11.6%
19 GILD Gilead Sciences Inc. Healthcare 909,835.0 $111.7M 1.67% NEW $122.74 +7.6%
20 FNF Fidelity National Financial In Financial Services 2,040,826.0 $111.4M 1.67% NEW $54.59 -12.5%
Page 1 of 15  ·  296 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 23.1%
Industrials 18.9%
Technology 14.6%
Consumer Defensive 10.7%
Utilities 7.2%
Consumer Cyclical 7.0%
Healthcare 6.5%
Basic Materials 5.8%
Energy 4.8%
Communication Services 1.3%