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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 13 of 15  ·  290 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
241 FELE Franklin Electric Co. Inc. Industrials 6,690.0 $717K 0.01% -343.0 -4.9% $107.19 -5.3%
242 Rheinmetall AG 3,111.0 $711K 0.01% -88.0 -2.8% $228.39
243 Lundin Gold Inc. 12,877.0 $695K 0.01% +1K +11.1% $53.97
244 Nebius Group N.V. 2,475.0 $684K 0.01% +48.0 +2.0% $276.17
245 FSP Franklin Street Properties Cor Real Estate 1,231,656.0 $634K 0.01% $0.52 -15.4%
246 MSC Income Fund 54,422.0 $630K 0.01% -433.0 -0.8% $11.57
247 GAIN Gladstone Investment Corp. Financial Services 36,982.0 $572K 0.01% NEW $15.46 +6.6%
248 Gold Fields Ltd. 15,745.0 $529K 0.01% +889.0 +6.0% $33.59
249 KB Financial Group Inc. 4,964.0 $521K 0.01% +310.0 +6.7% $104.95
250 Infineon Technologies A.G. 5,307.0 $499K 0.01% +86.0 +1.6% $93.96
251 KOF Coca-Cola Femsa S.A.B. de C.V. Consumer Defensive 3,788.0 $402K 0.01% +300.0 +8.6% $106.25 +10.1%
252 SHG Shinhan Financial Group Co. Lt Financial Services 6,290.0 $398K 0.01% +491.0 +8.5% $63.25 +21.1%
253 CCAP Crescent Capital BDC Inc. Financial Services 35,410.0 $387K 0.01% +3K +9.9% $10.92 -1.6%
254 FMX Fomento Economico Mexicano S.A Consumer Defensive 2,979.0 $381K 0.01% +252.0 +9.2% $127.91 -2.9%
255 BAP Credicorp Ltd. Financial Services 946.0 $369K 0.01% +61.0 +6.9% $389.58 -2.0%
256 ICICI Bank Ltd. 12,186.0 $354K 0.01% +1K +11.2% $29.03
257 Airbus SE 6,346.0 $353K 0.01% +144.0 +2.3% $55.60
258 CPA Copa Holdings SA Industrials 2,202.0 $343K 0.01% +242.0 +12.3% $155.57 -14.3%
259 IBMO iShares iBonds Dec 2026 Term M 12,956.0 $332K 0.01% -194.0 -1.5% $25.64 -0.0%
260 Blue Owl Technology Finance 31,100.0 $322K 0.01% NEW $10.35
Page 13 of 15  ·  290 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%