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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 15 of 15  ·  290 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 WCN Waste Connections Inc. Industrials 1,244.0 $207K 0.00% NEW $166.69 -0.3%
282 NVDA NVIDIA Corp. Technology 1,013.0 $203K 0.00% NEW $200.09 +6.1%
283 PSBD Palmer Square Capital BDC Inc. Financial Services 19,157.0 $200K 0.00% -2K -7.4% $10.42 -1.7%
284 INFY Infosys Ltd. Technology 17,636.0 $185K 0.00% +3K +19.1% $10.49 +13.8%
285 ARCO Arcos Dorados Holdings Inc. Consumer Cyclical 21,798.0 $176K 0.00% +4K +21.0% $8.06 -0.1%
286 Ping An Insurance Group Co. of 12,029.0 $157K 0.00% NEW $13.05
287 PT Astra International Tbk 26,857.0 $141K 0.00% +7K +33.1% $5.25
288 Sendas Distribuidora S.A. 15,372.0 $129K 0.00% +2K +13.2% $8.42
289 PAGS Pagseguro Digital Ltd. Technology 13,835.0 $125K 0.00% NEW $9.05 -3.8%
290 Elme Communities 22,103.0 $33K 0.00% $1.48
Page 15 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%