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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 7 of 8  ·  141 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 MRTN Marten Transport Ltd. Industrials 75,256.0 $1.3M 0.02% -5K -6.7% $17.35 -16.5%
122 UFPT UFP Technologies Inc. Healthcare 4,851.0 $1.3M 0.02% -246.0 -4.8% $265.13 +14.7%
123 LFUS Littelfuse Inc. Technology 2,812.0 $1.3M 0.02% -2K -43.7% $455.33 -11.0%
124 Oaktree Specialty Lending Corp 105,926.0 $1.3M 0.02% -925.0 -0.9% $11.94
125 JBSS John B Sanfilippo & Son Inc. Consumer Defensive 14,170.0 $1.2M 0.02% -831.0 -5.5% $85.99 -13.0%
126 SONY Sony Group Corp. Technology 58,461.0 $1.2M 0.02% -485.0 -0.8% $20.06 +19.9%
127 Altus Group Ltd. 34,653.0 $1.1M 0.02% -2K -5.1% $31.70
128 SHOP Shopify Inc. Technology 8,814.0 $1.0M 0.02% -484.0 -5.2% $114.18 +34.8%
129 CNMD CONMED Corp. Healthcare 30,055.0 $984K 0.01% -63K -67.9% $32.73 +56.2%
130 SHM SPDR Nuveen Barclays Capital S 19,435.0 $932K 0.01% -42K -68.3% $47.97 -0.4%
131 ASX ASE Technology Holding Co. Ltd Technology 20,488.0 $924K 0.01% -1K -4.9% $45.12 -17.8%
132 MLN VanEck Vectors Long Municipal 51,847.0 $922K 0.01% -118K -69.5% $17.78 -2.3%
133 IBMP iShares iBonds Dec 2027 Term M 31,836.0 $809K 0.01% -370.0 -1.1% $25.42 -0.1%
134 JJSF J & J Snack Foods Corp. Consumer Defensive 10,968.0 $806K 0.01% -421.0 -3.7% $73.45 +21.6%
135 FELE Franklin Electric Co. Inc. Industrials 6,690.0 $717K 0.01% -343.0 -4.9% $107.19 -5.0%
136 Rheinmetall AG 3,111.0 $711K 0.01% -88.0 -2.8% $228.39
137 MSC Income Fund 54,422.0 $630K 0.01% -433.0 -0.8% $11.57
138 IBMO iShares iBonds Dec 2026 Term M 12,956.0 $332K 0.01% -194.0 -1.5% $25.64 -0.0%
139 HYMB SPDR Nuveen S&P High Yield Mun 12,314.0 $313K 0.01% -113K -90.1% $25.44 -2.3%
140 JPM JPMorgan Chase & Co. Financial Services 653.0 $214K 0.00% -32.0 -4.7% $327.33 +9.0%
Page 7 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%