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Portfolio (Quarterly) Guide ↗

CONFLUENCE INVESTMENT MANAGEMENT LLC

· CIK 0001442056
13F Portfolio $6.4B AUM 414 positions Filed Apr 1, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 283 New 31 Exited
Page 10 of 15  ·  283 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 FNV Franco-Nevada Corp. Basic Materials 5,863.0 $1.4M 0.02% NEW $247.05 -8.6%
182 Tokio Marine Holdings Inc. 30,534.0 $1.4M 0.02% NEW $47.14
183 Techtronic Industries Co. Ltd. 21,543.0 $1.4M 0.02% NEW $66.52
184 WPM Wheaton Precious Metals Corp. Basic Materials 10,617.0 $1.4M 0.02% NEW $131.01 -2.9%
185 CTRA Coterra Energy Inc. Energy 39,307.0 $1.4M 0.02% NEW $35.14 -7.3%
186 Amglo Am PLC ADR 63,316.0 $1.4M 0.02% NEW $21.62
187 EQT EQT Corp. Energy 21,354.0 $1.4M 0.02% NEW $63.64 -9.3%
188 FCX Freeport-McMoRan Inc. Basic Materials 22,870.0 $1.3M 0.02% NEW $58.78 +6.0%
189 First Quantum Minerals Ltd. 56,146.0 $1.3M 0.02% NEW $23.86
190 Lynas Rare Earths Ltd. 99,106.0 $1.3M 0.02% NEW $13.48
191 MidCap Financial Investment Co 117,182.0 $1.3M 0.02% NEW $11.24
192 ITOCHU Corp. 101,904.0 $1.3M 0.02% NEW $12.75
193 Chugai Pharms Co. Ltd. 47,100.0 $1.3M 0.02% NEW $27.52
194 BNP Paribas S.A. 27,150.0 $1.3M 0.02% NEW $47.59
195 MDYG SPDR S&P 400 Mid Cap Growth ET 13,458.0 $1.3M 0.02% NEW $95.96 +10.2%
196 Altus Group Ltd. 36,516.0 $1.3M 0.02% NEW $34.25
197 HAYW Hayward Holdings Inc. Industrials 93,408.0 $1.2M 0.02% NEW $13.38 +2.2%
198 REGL ProShares S&P MidCap 400 Divid 14,360.0 $1.2M 0.02% NEW $86.41 +2.3%
199 SONY Sony Group Corp. Technology 58,946.0 $1.2M 0.02% NEW $20.70 +10.2%
200 Oaktree Specialty Lending Corp 106,851.0 $1.2M 0.02% NEW $11.30
Page 10 of 15  ·  283 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 20.5%
Industrials 20.1%
Technology 13.0%
Consumer Defensive 11.8%
Utilities 7.7%
Basic Materials 7.1%
Consumer Cyclical 6.3%
Energy 6.3%
Healthcare 6.1%
Communication Services 1.2%