CONFLUENCE INVESTMENT MANAGEMENT LLC
Filing Date
Global Rank
#171
/ 4,286
▲ 420
Top Industry
Utilities - Regulated Electric
7.8%
3Y Alpha vs SPY
-9.3%
Period ended 38 days ago
Filed Jul 1, 2026 · 37d
26 quarters · since Mar 2020
Clone Performance
Aug 2023–Aug 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+40.9%
SPY
+77.0%
Annualised alpha
-8.9%
Max drawdown
−14.2%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
198 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
3.2%
+0.1 pts
Top 5
14.2%
−0.7 pts
Top 10
26.5%
−1.2 pts
HHI
173
Diversified+0
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 22.2% | $1,159,668,408 |
| Industrials | 18.4% | $960,683,724 |
| Technology | 12.3% | $639,841,795 |
| Consumer Defensive | 11.3% | $590,939,385 |
| Utilities | 10.1% | $527,535,790 |
| Healthcare | 6.7% | $351,924,570 |
| Basic Materials | 6.6% | $342,759,980 |
| Consumer Cyclical | 6.1% | $319,165,505 |
| Energy | 5.1% | $267,976,577 |
| Unclassified | 0.9% | $49,497,476 |
| Communication Services | 0.2% | $12,069,531 |
| Real Estate | 0.0% | $673,173 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ZTS | Zoetis Inc. | +323,586 | 465,449 | $33,447,164 | |
| CLX | Clorox Co /De/ | +315,069 | 1,247,644 | $119,075,143 | |
| GLDM | World Gold Trust | +189,643 | 522,617 | $41,506,241 | |
| BKNG | Booking Holdings Inc. | +188,622 | 194,765 | $34,714,913 | |
| IIIV | i3 Verticals, Inc. | +110,216 | 230,530 | $4,924,120 | |
| PPLT | abrdn Platinum ETF Trust | +69,865 | 75,305 | $1,064,058 | |
| OBDC | Blue Owl Capital Corp | +38,959 | 263,324 | $2,936,062 | |
| SPGI | S&P Global Inc. | +7,327 | 141,607 | $57,670,866 | |
| TRIN | Trinity Capital Inc. | +6,679 | 48,503 | $867,717 | |
| VLRS | Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | +4,527 | 30,676 | $287,434 | |
| TSLX | Sixth Street Specialty Lending, Inc. | +4,164 | 211,954 | $3,639,249 | |
| SYK | Stryker Corp | +3,941 | 212,000 | $66,746,079 | |
| CCJ | Cameco Corp | +3,834 | 12,856 | $1,309,512 | |
| ARCO | Arcos Dorados Holdings Inc. | +3,783 | 21,798 | $175,691 | |
| UFPI | Ufp Industries Inc | +3,354 | 16,254 | $1,474,886 | |
| CCAP | Crescent Capital BDC, Inc. | +3,187 | 35,410 | $386,677 | |
| WDS | Woodside Energy Group Ltd | +3,136 | 90,282 | $1,744,248 | |
| ESAB | ESAB Corp | +2,892 | 14,709 | $1,433,025 | |
| JBS | Jbs N.V. | +2,845 | 19,326 | $229,013 | |
| HTGC | Hercules Capital, Inc. | +2,839 | 276,182 | $4,355,389 | |
| INFY | Infosys Ltd | +2,826 | 17,636 | $185,001 | |
| TMO | Thermo Fisher Scientific Inc. | +2,630 | 92,781 | $46,516,682 | |
| BXSL | Blackstone Secured Lending Fund | +2,559 | 146,606 | $3,609,439 | |
| MAIN | Main Street Capital CORP | +2,528 | 93,486 | $4,850,053 | |
| RDY | Dr Reddys Laboratories Ltd | +2,414 | 17,910 | $259,515 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CSCO | Cisco Systems, Inc. | −699,159 | 841,787 | $98,876,300 | |
| DEO | Diageo PLC | −576,498 | 776,936 | $62,450,114 | |
| ADI | Analog Devices Inc | −247,250 | 293,390 | $116,525,705 | |
| FAST | Fastenal Co | −136,984 | 2,829,738 | $135,912,316 | |
| KMI | Kinder Morgan, Inc. | −120,189 | 3,368,817 | $107,701,078 | |
| KEYS | Keysight Technologies, Inc. | −114,905 | 64,599 | $21,972,057 | |
| WRB | Berkley W R Corp | −81,648 | 1,031,752 | $73,264,709 | |
| ETR | Entergy Corp /De/ | −72,663 | 1,156,624 | $132,849,832 | |
| MDLZ | Mondelez International, Inc. | −68,524 | 2,044,332 | $118,244,162 | |
| NXPI | NXP Semiconductors N.V. | −68,459 | 151,365 | $42,538,105 | |
| ARCC | Ares Capital Corp | −67,709 | 3,367,580 | $61,778,254 | |
| APH | Amphenol Corp /De/ | −66,624 | 118,987 | $20,979,787 | |
| CNMD | CONMED Corp | −63,475 | 30,055 | $983,699 | |
| MAS | Masco Corp /De/ | −59,924 | 768,680 | $62,547,491 | |
| SO | Southern Co | −51,278 | 1,370,593 | $131,179,455 | |
| USB | US Bancorp De | −49,485 | 1,734,918 | $104,789,046 | |
| FNF | Fidelity National Financial, Inc. | −48,095 | 1,908,912 | $90,024,289 | |
| WEC | Wec Energy Group, Inc. | −45,684 | 1,191,332 | $139,111,837 | |
| KN | Knowles Corp | −41,917 | 35,005 | $1,452,006 | |
| CL | Colgate Palmolive Co | −40,718 | 1,209,372 | $110,875,224 | |
| MOV | Movado Group Inc | −40,400 | 34,155 | $1,342,632 | |
| TJX | Tjx Companies Inc /De/ | −39,658 | 406,868 | $61,640,502 | |
| GGG | Graco Inc | −36,612 | 549,102 | $41,517,601 | |
| TREX | Trex Co Inc | −36,316 | 354,325 | $17,730,422 | |
| VVV | Valvoline Inc | −35,414 | 396,145 | $15,711,110 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
19 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SWK | Stanley Black & Decker, Inc. | 1,348,374 | $126,908,960 | |
| ATR | Aptargroup, Inc. | 160,935 | $20,149,062 | |
| FND | Floor & Decor Holdings, Inc. | 131,310 | $7,686,886 | |
| RYAN | Ryan Specialty Holdings, Inc. | 189,001 | $7,136,677 | |
| STVN | Stevanato Group S.p.A. | 335,493 | $6,062,357 | |
| CF | CF Industries Holdings, Inc. | 12,115 | $1,311,569 | |
| BP | Bp PLC | 35,263 | $1,302,967 | |
| OXY | Occidental Petroleum Corp /De/ | 26,565 | $1,290,262 | |
| CRH | Crh Public Ltd Co | 11,823 | $1,265,061 | |
| DVN | Devon Energy Corp/De | 28,927 | $1,214,644 | |
| BMI | Badger Meter Inc | 5,290 | $784,930 | |
| GAIN | Gladstone Investment Corporation\De | 36,982 | $571,741 | |
| OTF | Blue Owl Technology Finance Corp. | 31,100 | $333,081 | |
| ERO | Ero Copper Corp. | 11,428 | $305,699 | |
| NU | Nu Holdings Ltd. | 21,385 | $285,703 | |
| MMYT | MakeMyTrip Ltd | 4,680 | $252,205 | |
| WCN | Waste Connections, Inc. | 1,244 | $207,362 | |
| NVDA | Nvidia Corp | 1,013 | $202,691 | |
| PAGS | PagSeguro Digital Ltd. | 13,835 | $125,206 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GOOGL | Alphabet Inc. | 172,879 | $49,592,069 | |
| BF-A | Brown Forman Corp | 1,237,621 | $32,722,699 | |
| CARR | CARRIER GLOBAL Corp | 511,137 | $28,782,123 | |
| SBUX | Starbucks Corp | 315,131 | $28,232,585 | |
| BWIN | Baldwin Insurance Group, Inc. | 638,637 | $14,011,695 | |
| XOM | ExxonMobil Holdings Corp | 9,331 | $1,583,097 | |
| BAESY | Bae Systems PLC /Fi/ | 13,305 | $1,550,032 | |
| SPB | Spectrum Brands Holdings, Inc. | 20,397 | $1,503,258 | |
| FSK | FS KKR Capital Corp | 147,605 | $1,502,618 | |
| TKOMY | Tokio Marine Holdings, Inc. | 30,534 | $1,439,372 | |
| FCX | Freeport-Mcmoran Inc | 22,870 | $1,344,298 | |
| DNN | Denison Mines Corp. | 313,086 | $1,105,193 | |
| NXE | NexGen Energy Ltd. | 90,230 | $1,046,668 | |
| UEC | Uranium Energy Corp | 76,801 | $1,036,813 | |
| ENOV | Enovis CORP | 39,936 | $908,543 | |
| WGO | Winnebago Industries Inc | 26,585 | $823,868 | |
| SE | Sea Ltd | 8,232 | $681,691 | |
| GFI | Gold Fields Ltd | 14,856 | $674,462 | |
| KB | KB Financial Group Inc. | 4,654 | $464,143 | |
| IBN | Icici Bank Ltd | 10,957 | $283,786 | |
| IFNNY | Infineon Technologies AG | 5,221 | $236,041 | |
| COST | Costco Wholesale Corp /New | 210 | $209,250 | |
| RWAY | Runway Growth Finance Corp. | 14,216 | $97,663 | |
| HON | Honeywell International Inc | 499,862 | $0 | |
| CTRA | Coterra Energy Inc. | 39,307 | $0 | |
| No positions match the current search. | ||||
198 tracked positions ·
$5,222,735,914 total
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 198 positions by value
· page 1 of 4
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SNA |
Snap-on Inc
Industrials
|
Reduced | 417,132 | $167,853,916 | 3.21% | |
| CB |
Chubb Ltd
Financial Services
|
Reduced | 460,772 | $157,003,450 | 3.01% | |
| LIN |
Linde PLC
Basic Materials
|
Reduced | 270,727 | $140,491,069 | 2.69% | |
| WEC |
Wec Energy Group, Inc.
Utilities
|
Reduced | 1,191,332 | $139,111,837 | 2.66% | |
| FAST |
Fastenal Co
Industrials
|
Reduced | 2,829,738 | $135,912,316 | 2.60% | |
| ETR |
Entergy Corp /De/
Utilities
|
Reduced | 1,156,624 | $132,849,832 | 2.54% | |
| LMT |
Lockheed Martin Corp
Industrials
|
Reduced | 258,577 | $131,734,637 | 2.52% | |
| SO |
Southern Co
Utilities
|
Reduced | 1,370,593 | $131,179,455 | 2.51% | |
| SWK |
Stanley Black & Decker, Inc.
Industrials
|
NEW | 1,348,374 | $126,908,960 | 2.43% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 742,863 | $123,136,970 | 2.36% | |
| PGR |
Progressive Corp/Oh/
Financial Services
|
Reduced | 557,408 | $121,765,776 | 2.33% | |
| HSY |
Hershey Co
Consumer Defensive
|
Reduced | 663,243 | $120,431,663 | 2.31% | |
| CLX |
Clorox Co /De/
Consumer Defensive
|
Added | 1,247,644 | $119,075,143 | 2.28% | |
| MDLZ |
Mondelez International, Inc.
Consumer Defensive
|
Reduced | 2,044,332 | $118,244,162 | 2.26% | |
| ADI |
Analog Devices Inc
Technology
|
Reduced | 293,390 | $116,525,705 | 2.23% | |
| NTRS |
Northern Trust Corp
Financial Services
|
Reduced | 660,416 | $114,806,717 | 2.20% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Reduced | 1,209,372 | $110,875,224 | 2.12% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 311,263 | $109,776,234 | 2.10% | |
| KMI |
Kinder Morgan, Inc.
Energy
|
Reduced | 3,368,817 | $107,701,078 | 2.06% | |
| TROW |
Price T Rowe Group Inc
Financial Services
|
Reduced | 936,409 | $106,460,338 | 2.04% | |
| GILD |
Gilead Sciences, Inc.
Healthcare
|
Reduced | 832,632 | $105,194,726 | 2.01% | |
| USB |
US Bancorp De
Financial Services
|
Reduced | 1,734,918 | $104,789,046 | 2.01% | |
| AWK |
American Water Works Company, Inc.
Utilities
|
Reduced | 780,309 | $102,673,058 | 1.97% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 841,787 | $98,876,300 | 1.89% | |
| PAYX |
Paychex Inc
Technology
|
Reduced | 952,424 | $93,651,850 | 1.79% | |
| FNF |
Fidelity National Financial, Inc.
Financial Services
|
Reduced | 1,908,912 | $90,024,289 | 1.72% | |
| NDSN |
Nordson Corp
Industrials
|
Reduced | 281,120 | $84,811,092 | 1.62% | |
| WRB |
Berkley W R Corp
Financial Services
|
Reduced | 1,031,752 | $73,264,709 | 1.40% | |
| BR |
Broadridge Financial Solutions, Inc.
Technology
|
Reduced | 523,341 | $72,398,993 | 1.39% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 136,514 | $70,113,590 | 1.34% | |
| SYK |
Stryker Corp
Healthcare
|
Added | 212,000 | $66,746,079 | 1.28% | |
| MAS |
Masco Corp /De/
Industrials
|
Reduced | 768,680 | $62,547,491 | 1.20% | |
| DEO |
Diageo PLC
Consumer Defensive
|
Reduced | 776,936 | $62,450,114 | 1.20% | |
| ARCC |
Ares Capital Corp
Financial Services
|
Reduced | 3,367,580 | $61,778,254 | 1.18% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Reduced | 406,868 | $61,640,502 | 1.18% | |
| APD |
Air Products & Chemicals, Inc.
Basic Materials
|
Reduced | 202,897 | $59,485,341 | 1.14% | |
| SPGI |
S&P Global Inc.
Financial Services
|
Added | 141,607 | $57,670,866 | 1.10% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 142,894 | $53,302,318 | 1.02% | |
| ITW |
Illinois Tool Works Inc
Industrials
|
Reduced | 193,034 | $52,209,905 | 1.00% | |
| DOW |
Dow Inc.
Basic Materials
|
Reduced | 1,850,660 | $50,634,056 | 0.97% | |
| PAYC |
Paycom Software, Inc.
Technology
|
Reduced | 374,387 | $47,052,957 | 0.90% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Added | 92,781 | $46,516,682 | 0.89% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 86,570 | $43,095,411 | 0.83% | |
| ACN |
Accenture plc
Technology
|
Added | 341,854 | $42,540,311 | 0.81% | |
| NXPI |
NXP Semiconductors N.V.
Technology
|
Reduced | 151,365 | $42,538,105 | 0.81% | |
| LOW |
Lowes Companies Inc
Consumer Cyclical
|
Reduced | 192,874 | $42,526,787 | 0.81% | |
| GGG |
Graco Inc
Industrials
|
Reduced | 549,102 | $41,517,601 | 0.79% | |
| GLDM |
World Gold Trust
|
Added | 522,617 | $41,506,241 | 0.79% | |
| BKNG |
Booking Holdings Inc.
Consumer Cyclical
|
Added | 194,765 | $34,714,913 | 0.66% | |
| ZTS |
Zoetis Inc.
Healthcare
|
Added | 465,449 | $33,447,164 | 0.64% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.