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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 1 of 15  ·  290 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SGOV iShares 0-3 Month Treasury Bon 2,788,012.0 $280.7M 4.38% +1.0M +59.0% $100.67 -0.0%
2 SNA Snap-on Inc. Industrials 417,132.0 $167.9M 2.62% -19K -4.3% $402.40 -2.0%
3 CB Chubb Ltd. Financial Services 460,772.0 $157.0M 2.45% -21K -4.4% $340.74 +0.7%
4 LIN Linde plc Basic Materials 270,727.0 $140.5M 2.19% -12K -4.4% $518.94 -6.3%
5 WEC WEC Energy Group Inc. Utilities 1,191,332.0 $139.1M 2.17% -46K -3.7% $116.77 -8.1%
6 FAST Fastenal Co. Industrials 2,829,738.0 $135.9M 2.12% -137K -4.6% $48.03 +5.6%
7 Entergy Corp. 1,156,624.0 $132.8M 2.08% -73K -5.9% $114.86
8 LMT Lockheed Martin Corp. Industrials 258,577.0 $131.7M 2.06% -11K -4.1% $509.46 +10.3%
9 SO Southern Co. Utilities 1,370,593.0 $131.2M 2.05% -51K -3.6% $95.71 -5.9%
10 SWK Stanley Black & Decker Inc. Industrials 1,348,374.0 $126.9M 1.98% NEW $94.12 +4.7%
11 CVX Chevron Corp. Energy 742,863.0 $123.1M 1.92% -29K -3.8% $165.76 +21.2%
12 PGR Progressive Corp. Financial Services 557,408.0 $121.8M 1.90% -23K -3.9% $218.45 +1.2%
13 CLX Clorox Co. Consumer Defensive 1,247,644.0 $119.1M 1.86% +315K +33.8% $95.44 +11.1%
14 MDLZ Mondelez International Inc. Consumer Defensive 2,044,332.0 $118.2M 1.85% -69K -3.2% $57.84 +10.0%
15 ADI Analog Devices Inc. Technology 293,390.0 $116.5M 1.82% -247K -45.7% $397.17 -6.7%
16 HSY Hershey Co. Consumer Defensive 663,243.0 $116.4M 1.82% -27K -3.9% $175.45 +7.1%
17 NTRS Northern Trust Corp. Financial Services 660,416.0 $114.8M 1.79% -20K -2.9% $173.84 +7.4%
18 CL Colgate-Palmolive Co. Consumer Defensive 1,209,372.0 $110.9M 1.73% -41K -3.3% $91.68 +0.1%
19 HD Home Depot Inc. Consumer Cyclical 311,263.0 $109.8M 1.72% -9K -2.7% $352.68 -4.9%
20 KMI Kinder Morgan Inc. Energy 3,368,817.0 $107.7M 1.68% -120K -3.4% $31.97 -2.9%
Page 1 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%