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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 9 of 15  ·  290 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 RBC RBC Bearings Inc. Industrials 2,552.0 $1.6M 0.03% -170.0 -6.2% $644.06 -23.0%
162 Spectrum Brands Holdings Inc. 19,165.0 $1.6M 0.03% -1K -6.0% $85.75
163 Amglo Am PLC ADR 65,991.0 $1.6M 0.03% +3K +4.2% $24.71
164 Glencore plc 119,809.0 $1.6M 0.03% +3K +2.3% $13.61
165 CVE Cenovus Energy Inc. Energy 64,557.0 $1.6M 0.03% +830.0 +1.3% $24.81 +24.0%
166 First Quantum Minerals Ltd. 58,484.0 $1.6M 0.03% +2K +4.2% $27.28
167 HGTY Hagerty Inc. Financial Services 132,055.0 $1.6M 0.03% -9K -6.2% $11.92 +12.7%
168 STC Stewart Information Services C Financial Services 23,716.0 $1.6M 0.02% -2K -6.8% $66.02 +5.0%
169 Zurich Insurance Group A.G. 41,635.0 $1.5M 0.02% -1K -3.1% $36.98
170 HAYW Hayward Holdings Inc. Industrials 88,331.0 $1.5M 0.02% -5K -5.4% $17.31 -16.4%
171 BNP Paribas S.A. 25,868.0 $1.5M 0.02% -1K -4.7% $58.27
172 UFPI UFP Industries Inc. Basic Materials 16,254.0 $1.5M 0.02% +3K +26.0% $90.74 -2.2%
173 HAE Haemonetics Corp. Healthcare 19,455.0 $1.5M 0.02% -1K -5.7% $75.00 +44.4%
174 KN Knowles Corp. Technology 35,005.0 $1.5M 0.02% -42K -54.5% $41.48 -18.9%
175 NEM Newmont Mining Corp. Basic Materials 15,538.0 $1.5M 0.02% +471.0 +3.1% $93.40 +44.7%
176 ESAB ESAB Corp. Industrials 14,709.0 $1.5M 0.02% +3K +24.5% $98.63 -18.4%
177 Hong Kong Exchanges and Cleari 30,787.0 $1.4M 0.02% +1K +4.1% $46.28
178 Tourmaline Oil Corp. 33,988.0 $1.4M 0.02% NEW $41.81
179 GDXJ VanEck Junior Gold Miners ETF 14,447.0 $1.4M 0.02% +2K +15.7% $98.25 +38.3%
180 Tokio Marine Holdings Inc. 30,795.0 $1.4M 0.02% +261.0 +0.8% $44.31
Page 9 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%