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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 5 of 15  ·  290 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 APH Amphenol Corp. Technology 118,987.0 $21.0M 0.33% -67K -35.9% $176.32 -9.9%
82 CRL Charles River Laboratories Int Healthcare 91,632.0 $20.8M 0.33% -9K -8.8% $226.79 +31.2%
83 ATR AptarGroup Inc. Healthcare 160,935.0 $20.1M 0.32% NEW $125.20 +7.6%
84 SDY SPDR S&P Dividend ETF 132,295.0 $20.1M 0.32% +64K +92.5% $152.18 +4.0%
85 EOG EOG Resources Inc. Energy 154,361.0 $20.0M 0.31% -11K -6.8% $129.73 +13.2%
86 AOS A. O. Smith Corp. Industrials 312,013.0 $19.6M 0.31% -7K -2.2% $62.72 -0.9%
87 RMD ResMed Inc. Healthcare 94,086.0 $18.3M 0.29% -6K -5.8% $194.88 +21.4%
88 MCD McDonald's Corp. Consumer Cyclical 65,853.0 $17.8M 0.28% -4K -5.8% $270.31 -0.8%
89 TREX Trex Company Inc. Industrials 354,325.0 $17.7M 0.28% -36K -9.3% $50.04 -6.5%
90 IEUR iShares Core MSCI Europe ETF 229,242.0 $17.2M 0.27% +12K +5.5% $75.17 +4.8%
91 PG Procter & Gamble Co. Consumer Defensive 116,816.0 $17.1M 0.27% -7K -5.3% $146.64 -0.8%
92 iShares iBonds Dec 2032 Term T 735,847.0 $16.7M 0.26% -68K -8.5% $22.70
93 DLTR Dollar Tree Inc. Consumer Defensive 134,143.0 $16.2M 0.25% -12K -8.2% $120.95 +11.2%
94 SHLD Global X Defense Tech ETF 262,921.0 $15.7M 0.24% +140K +113.3% $59.71 +9.9%
95 VVV Valvoline Inc. Energy 396,145.0 $15.7M 0.24% -35K -8.2% $39.54 -16.7%
96 MDT Medtronic plc Healthcare 195,240.0 $15.3M 0.24% -10K -5.0% $78.23 +16.5%
97 BDX Becton Dickinson & Co. Healthcare 89,902.0 $13.6M 0.21% -4K -3.9% $151.33 +25.4%
98 AVDV Avantis International Small Ca 125,698.0 $13.0M 0.20% +5K +4.0% $103.05 +9.3%
99 XLE State Street Energy Select Sec 230,673.0 $12.3M 0.19% NEW $53.11 +16.9%
100 NKE NIKE Inc. Consumer Cyclical 279,383.0 $11.5M 0.18% -3K -1.1% $41.05 -3.8%
Page 5 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%