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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 6 of 8  ·  141 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 Disco Corp. 42,521.0 $2.2M 0.04% -277.0 -0.7% $52.37
102 BSMT Invesco BulletShares 2029 Muni 96,425.0 $2.2M 0.04% -8K -7.6% $23.03 -0.4%
103 MUFG Mitsubishi UFJ Financial Financial Services 106,721.0 $2.1M 0.03% -5K -4.2% $19.89 +11.8%
104 Baldwin Insurance Group Inc. 77,621.0 $2.1M 0.03% -561K -87.8% $26.58
105 AER AerCap Holdings N.V. Industrials 13,112.0 $1.9M 0.03% -501.0 -3.7% $145.78 +1.1%
106 DBS Group Holdings Ltd. 9,372.0 $1.9M 0.03% -411.0 -4.2% $202.89
107 GTES Gates Industrial Corp. plc Industrials 65,517.0 $1.8M 0.03% -6K -8.9% $27.97 -7.2%
108 ING ING Groep N.V. Financial Services 56,589.0 $1.8M 0.03% -2K -4.1% $31.38 +12.5%
109 Safran S.A. 17,366.0 $1.7M 0.03% -713.0 -3.9% $98.27
110 IBMQ iShares iBonds Dec 2028 Term M 64,602.0 $1.7M 0.03% -34K -34.8% $25.58 -0.2%
111 RBC RBC Bearings Inc. Industrials 2,552.0 $1.6M 0.03% -170.0 -6.2% $644.06 -23.0%
112 Spectrum Brands Holdings Inc. 19,165.0 $1.6M 0.03% -1K -6.0% $85.75
113 HGTY Hagerty Inc. Financial Services 132,055.0 $1.6M 0.03% -9K -6.2% $11.92 +12.7%
114 STC Stewart Information Services C Financial Services 23,716.0 $1.6M 0.02% -2K -6.8% $66.02 +5.0%
115 Zurich Insurance Group A.G. 41,635.0 $1.5M 0.02% -1K -3.1% $36.98
116 HAYW Hayward Holdings Inc. Industrials 88,331.0 $1.5M 0.02% -5K -5.4% $17.31 -16.4%
117 BNP Paribas S.A. 25,868.0 $1.5M 0.02% -1K -4.7% $58.27
118 HAE Haemonetics Corp. Healthcare 19,455.0 $1.5M 0.02% -1K -5.7% $75.00 +44.4%
119 KN Knowles Corp. Technology 35,005.0 $1.5M 0.02% -42K -54.5% $41.48 -18.9%
120 MOV Movado Group Inc. Consumer Cyclical 34,155.0 $1.3M 0.02% -40K -54.2% $39.31 -11.1%
Page 6 of 8  ·  141 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 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%