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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 6 of 15  ·  290 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 DIS Walt Disney Co. Communication Services 113,021.0 $10.9M 0.17% -10K -8.2% $96.25 +15.6%
102 VNT Vontier Corp. Technology 365,615.0 $10.6M 0.17% -19K -4.9% $29.00 +15.1%
103 DFNM Dimensional National Municipal 189,628.0 $9.2M 0.14% -16K -7.7% $48.34 -1.4%
104 PICK iShares MSCI Global Metals & M 152,199.0 $8.9M 0.14% +8K +5.7% $58.15 +15.1%
105 CPRT Copart Inc. Industrials 292,941.0 $8.3M 0.13% -21K -6.7% $28.19 +18.2%
106 FND Floor & Decor Holdings Inc. Consumer Cyclical 131,310.0 $7.8M 0.12% NEW $59.36 -8.5%
107 BSMY Invesco BulletShares 2034 Muni 303,465.0 $7.5M 0.12% -24K -7.4% $24.65 -2.6%
108 JBT Marel Corp. 49,946.0 $7.2M 0.11% -5K -9.4% $145.00
109 RYAN Ryan Specialty Group Financial Services 189,001.0 $7.1M 0.11% NEW $37.76 +16.3%
110 VPL Vanguard FTSE Pacific Index Fu 60,466.0 $7.0M 0.11% NEW $115.69 +0.1%
111 SPY SPDR S&P 500 ETF Financial Services 8,922.0 $6.7M 0.10% -3K -25.2% $746.77 +2.6%
112 iShares iBonds Dec 2030 Term T 322,898.0 $6.3M 0.10% -31K -8.7% $19.54
113 Invesco BulletShares 2031 Muni 290,826.0 $6.1M 0.10% -21K -6.6% $20.98
114 STVN Stevanato Group S.p.A. Healthcare 335,493.0 $6.1M 0.10% NEW $18.07 +25.6%
115 BSSX Invesco Bulletshares 2033 Muni 220,399.0 $5.7M 0.09% -17K -7.3% $25.80 -2.0%
116 GDX VanEck Gold Miners ETF 70,315.0 $5.3M 0.08% +7K +10.4% $75.45 +39.9%
117 BSMZ Invesco BulletShares 2035 Muni 206,255.0 $5.3M 0.08% -17K -7.6% $25.64 -3.0%
118 TRIP TripAdvisor Inc. Consumer Cyclical 376,853.0 $5.2M 0.08% -34K -8.3% $13.71 -26.3%
119 BSMW Invesco BulletShares 2032 Munc 197,253.0 $5.0M 0.08% -15K -7.2% $25.14 -1.7%
120 IIIV i3 Verticals Inc. Technology 230,530.0 $4.9M 0.08% +110K +91.6% $21.36 -20.4%
Page 6 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%