CONFLUENCE INVESTMENT MANAGEMENT LLC

CIK

1442056

Location

ST. LOUIS, MO

Portfolio Value

Mid $5,770,055,626

Diversification

Diversified

Reports for

First Trust Advisors LP Brown Miller Wealth Management LLC

Filing Date

Global Rank

#1 / 18 ▲ 736

Top Industry

Insurance - Property & Casualty 6.7%

Period ended 2 days ago

Filed Oct 1, 2026 · 1d

27 quarters · since Mar 2020

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

214 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

6.8%

−0.9 pts

Top 5

17.2%

−1.4 pts

Top 10

27.5%

−1.5 pts

HHI

182

Diversified−11

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	18.5%	$1,067,513,653	48
Industrials	15.9%	$918,648,350	30
Unclassified	13.6%	$782,515,793	18
Technology	11.4%	$655,126,602	24
Consumer Defensive	8.5%	$491,186,325	15
Healthcare	8.0%	$460,723,319	15
Utilities	7.8%	$448,670,509	5
Consumer Cyclical	6.0%	$344,435,691	19
Energy	5.0%	$290,504,094	18
Basic Materials	4.5%	$261,027,915	18
Communication Services	0.9%	$49,239,164	3
Real Estate	0.0%	$464,211	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NKE	NIKE, Inc.	+2,441,233	2,720,616	$96,309,806
ZTS	Zoetis Inc.	+1,398,638	1,864,087	$130,169,194
BAB	Invesco Taxable Municipal Bond ETF	+196,202	388,914	$13,137,813
HONA	Honeywell Aerospace Inc.	+185,601	426,663	$66,119,964
CPRT	Copart Inc	+129,591	422,532	$11,526,672
FND	Floor & Decor Holdings, Inc.	+126,751	258,061	$11,821,773
RYAN	Ryan Specialty Holdings, Inc.	+122,139	311,140	$11,512,180
APH	Amphenol Corp /De/	+94,540	213,527	$18,000,326
OTF	Blue Owl Technology Finance Corp.	+74,588	105,688	$1,036,799
VEU	Vanguard FTSE All-World Ex-US ETF	+37,603	98,069	$11,357,370
WDS	Woodside Energy Group Ltd	+24,550	114,832	$2,545,825
AGI	Alamos Gold Inc	+18,475	55,378	$1,793,693
BP	Bp PLC	+13,269	48,532	$2,134,922
TRMOY	Tourmaline Oil Corp/ADR	+12,967	46,955	$2,008,734
DVN	Devon Energy Corp/De	+12,815	41,742	$1,921,801
CNQ	CANADIAN NATURAL RESOURCES Ltd	+12,160	44,134	$2,077,387
EQT	EQT Corp	+11,230	33,973	$1,649,728
CNR	Core Natural Resources, Inc.	+10,906	34,461	$2,958,132
OXY	Occidental Petroleum Corp /De/	+9,768	36,333	$2,009,941
CSWC	Capital Southwest Corp	+9,208	104,570	$2,418,703
MFIC	MidCap Financial Investment Corp	+7,988	126,539	$1,105,950
GBDC	GOLUB CAPITAL BDC, Inc.	+7,714	335,237	$4,234,043
HTGC	Hercules Capital, Inc.	+7,577	283,759	$4,769,988
EXE	EXPAND ENERGY Corp	+6,487	17,899	$1,505,126
OBDC	Blue Owl Capital Corp	+6,385	269,709	$2,829,247
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	−1,938,547	7,110,609	$389,572,910
DEO	Diageo PLC	−676,044	100,892	$8,636,354
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	−420,548	4,715,525	$185,239,674
BSCA	Invesco BulletShares 2036 Corporate Bond ETF	−328,222	1,101,075	$25,381,596
GGG	Graco Inc	−196,510	352,592	$27,093,168
GLDM	World Gold Trust	−193,603	329,014	$27,038,370
SNA	Snap-on Inc	−114,390	302,742	$110,001,305
BF-B	Brown Forman Corp	−113,063	1,038,997	$27,221,720
AFK	VanEck Africa Index ETF	−110,668	25,941	$793,999
KMI	Kinder Morgan, Inc.	−105,167	3,263,650	$98,399,047
ARCC	Ares Capital Corp	−92,247	3,275,333	$62,558,858
WRB	Berkley W R Corp	−85,462	946,290	$63,912,426
MDLZ	Mondelez International, Inc.	−78,347	1,965,985	$113,673,252
CLX	Clorox Co /De/	−77,227	1,170,417	$94,815,481
CWI	State Street SPDR MSCI ACWI ex-US ETF	−62,987	1,419,786	$71,287,454
MAS	Masco Corp /De/	−61,633	707,047	$47,654,967
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	−56,255	15,848	$369,258
USB	US Bancorp De	−56,108	1,678,810	$96,968,065
SO	Southern Co	−55,493	1,315,100	$109,008,638
FNF	Fidelity National Financial, Inc.	−51,657	1,857,255	$71,782,905
WEC	Wec Energy Group, Inc.	−50,019	1,141,313	$115,021,523
CL	Colgate Palmolive Co	−48,151	1,161,221	$99,075,375
SWK	Stanley Black & Decker, Inc.	−45,875	1,302,499	$115,388,386
PAYC	Paycom Software, Inc.	−43,599	330,788	$71,996,007
RLI	Rli Corp	−42,707	317,546	$17,563,468
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
WSO	Watsco Inc	320,431	$96,991,258
VRSK	Verisk Analytics, Inc.	100,427	$16,856,671
ANEW	ProShares MSCI Transformational Changes ETF	68,996	$5,966,773
STM	STMicroelectronics N.V.	24,998	$1,333,893
SKHY	SK hynix Inc.	2,197	$404,577
SIMO	Silicon Motion Technology CORP	1,439	$402,920
V	Visa Inc.	567	$203,740
No positions match the current search.

Sold Out

Positions the filer fully exited

23 positions

Ticker	Company	Shares	Value
FAST	Fastenal Co	2,829,738	$135,912,316
DOW	Dow Inc.	1,850,660	$50,634,056
CARR	CARRIER GLOBAL Corp	472,778	$34,678,265
KEYS	Keysight Technologies, Inc.	64,599	$22,614,171
AGNG	Global X Funds Global X Aging Population ETF	262,921	$15,699,012
BBDC	Barings BDC, Inc.	306,261	$2,609,343
BWIN	Baldwin Insurance Group, Inc.	77,621	$2,063,165
SPB	Spectrum Brands Holdings, Inc.	19,165	$1,643,398
KN	Knowles Corp	35,005	$1,452,006
BAESY	Bae Systems PLC /Fi/	13,420	$1,314,489
PPLT	abrdn Platinum ETF Trust	75,305	$1,064,058
HLN	Haleon plc	106,258	$991,387
SE	Sea Ltd	9,535	$913,739
TRIN	Trinity Capital Inc.	48,503	$867,717
GFI	Gold Fields Ltd	15,745	$528,874
KB	KB Financial Group Inc.	4,964	$521,021
IFNNY	Infineon Technologies AG	5,307	$498,645
IBN	Icici Bank Ltd	12,186	$353,759
BIDU	Baidu, Inc.	2,089	$238,751
WCN	Waste Connections, Inc.	1,244	$207,362
ASAIY	Sendas Distributor S.A.	15,372	$129,432
PAGS	PagSeguro Digital Ltd.	13,835	$125,206
ELME	Elme Communities	22,103	$32,712
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

214 tracked positions · $5,770,055,626 total · filing declares 424 positions · $5,967,592,942 · as of Sep 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 214 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAXJ	iShares MSCI All Country Asia ex Japan ETF	Reduced	7,110,609	-1,938,547	$389,572,910	−20.6%	6.75%
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	Reduced	4,715,525	-420,548	$185,239,674	−18.6%	3.21%
CVX	Chevron Corp Energy	Reduced	707,297	-35,566	$144,437,119	+17.3%	2.50%
CB	Chubb Ltd Financial Services	Reduced	433,925	-26,847	$141,134,106	−10.1%	2.45%
ZTS	Zoetis Inc. Healthcare	Added	1,864,087	+1,398,638	$130,169,194	+289.2%	2.26%
LMT	Lockheed Martin Corp Industrials	Reduced	246,632	-11,945	$125,597,345	−4.7%	2.18%
LIN	Linde PLC Basic Materials	Reduced	258,362	-12,365	$122,631,522	−12.7%	2.13%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	791,297	-41,335	$117,942,817	+12.1%	2.04%
SWK	Stanley Black & Decker, Inc. Industrials	Reduced	1,302,499	-45,875	$115,388,386	−9.1%	2.00%
WEC	Wec Energy Group, Inc. Utilities	Reduced	1,141,313	-50,019	$115,021,523	−17.3%	1.99%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	1,965,985	-78,347	$113,673,252	−3.9%	1.97%
ADI	Analog Devices Inc Technology	Reduced	282,267	-11,123	$111,978,141	−3.9%	1.94%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	537,474	-19,934	$111,423,734	−8.5%	1.93%
ETR	Entergy Corp /De/ Utilities	Reduced	1,114,210	-42,414	$110,596,484	−16.8%	1.92%
SNA	Snap-on Inc Industrials	Reduced	302,742	-114,390	$110,001,305	−34.5%	1.91%
SO	Southern Co Utilities	Reduced	1,315,100	-55,493	$109,008,638	−16.9%	1.89%
NTRS	Northern Trust Corp Financial Services	Reduced	629,512	-30,904	$106,614,152	−7.1%	1.85%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	1,161,221	-48,151	$99,075,375	−10.6%	1.72%
HSY	Hershey Co Consumer Defensive	Reduced	624,895	-38,348	$98,489,700	−15.4%	1.71%
KMI	Kinder Morgan, Inc. Energy	Reduced	3,263,650	-105,167	$98,399,047	−8.6%	1.71%
WSO	Watsco Inc Industrials	NEW	320,431	NEW	$96,991,258	NEW	1.68%
USB	US Bancorp De Financial Services	Reduced	1,678,810	-56,108	$96,968,065	−7.5%	1.68%
AWK	American Water Works Company, Inc. Utilities	Reduced	745,410	-34,899	$96,508,232	−6.0%	1.67%
NKE	NIKE, Inc. Consumer Cyclical	Added	2,720,616	+2,441,233	$96,309,806	+739.8%	1.67%
CLX	Clorox Co /De/ Consumer Defensive	Reduced	1,170,417	-77,227	$94,815,481	−20.4%	1.64%
TROW	Price T Rowe Group Inc Financial Services	Reduced	894,846	-41,563	$93,108,726	−12.5%	1.61%
PAYX	Paychex Inc Technology	Reduced	912,572	-39,852	$89,888,341	−4.0%	1.56%
CSCO	Cisco Systems, Inc. Technology	Reduced	820,548	-21,239	$88,315,580	−10.7%	1.53%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	299,681	-11,582	$85,256,247	−22.3%	1.48%
NDSN	Nordson Corp Industrials	Reduced	255,613	-25,507	$83,802,721	−1.2%	1.45%
BR	Broadridge Financial Solutions, Inc. Technology	Reduced	508,021	-15,320	$81,842,182	+14.2%	1.42%
PAYC	Paycom Software, Inc. Technology	Reduced	330,788	-43,599	$71,996,007	+53.0%	1.25%
FNF	Fidelity National Financial, Inc. Financial Services	Reduced	1,857,255	-51,657	$71,782,905	−20.3%	1.24%
CWI	State Street SPDR MSCI ACWI ex-US ETF	Reduced	1,419,786	-62,987	$71,287,454	−4.6%	1.24%
MSFT	Microsoft Corp Technology	Reduced	136,113	-6,781	$69,812,357	+31.0%	1.21%
MA	Mastercard Inc Financial Services	Reduced	125,090	-11,424	$68,983,381	−1.6%	1.20%
HONA	Honeywell Aerospace Inc. Industrials	Added	426,663	+185,601	$66,119,964	+24.1%	1.15%
WRB	Berkley W R Corp Financial Services	Reduced	946,290	-85,462	$63,912,426	−12.2%	1.11%
ARCC	Ares Capital Corp Financial Services	Reduced	3,275,333	-92,247	$62,558,858	+0.3%	1.08%
ACN	Accenture plc Technology	Reduced	332,607	-9,247	$60,990,145	+43.4%	1.06%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	85,793	-6,988	$57,914,564	+24.5%	1.00%
SYK	Stryker Corp Healthcare	Reduced	196,130	-15,870	$54,012,240	−19.1%	0.94%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	188,435	-14,462	$52,428,269	−11.9%	0.91%
SPGI	S&P Global Inc. Financial Services	Reduced	131,526	-10,081	$51,883,060	−10.0%	0.90%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	373,592	-33,276	$49,429,957	−19.8%	0.86%
MAS	Masco Corp /De/ Industrials	Reduced	707,047	-61,633	$47,654,967	−23.8%	0.83%
HON	Honeywell International Inc Industrials	Reduced	222,870	-17,702	$47,012,197	−12.7%	0.81%
ITW	Illinois Tool Works Inc Industrials	Reduced	178,095	-14,939	$45,820,280	−12.2%	0.79%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	80,737	-5,838	$43,935,524	−6.6%	0.76%
GOOGL	Alphabet Inc. Communication Services	Reduced	108,432	-7,018	$36,947,118	−9.4%	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.