CONFLUENCE INVESTMENT MANAGEMENT LLC

Position in SAP — Sap SE

CIK 1442056 ST. LOUIS, MO

Position in SAP

as of Jun 30, 2026 · filed Jul 1, 2026 Compact

Position Value

$839,867

-$88,604 QoQ

Shares Held

5,422

-0.0% QoQ

Ownership

0.000%

of shares outstanding

% of Portfolio

0.02%

of 13F equity value

Holder Rank

#345

of 812 holders

Holding Since

Mar 2020

26 quarters on record

Voting authority Sole 97% Shared 0% None 3%

Technology · as of Jun 30, 2026

CONFLUENCE INVESTMENT MANAGEMENT LLC holds $142,551,056 across 4 Software - Application names. SAP ranks #4 (0.6% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	PAYX	Paychex Inc	952,424	$93,651,850
2	PAYC	Paycom Software, Inc.	374,387	$47,052,957
3	SHOP	Shopify Inc.	8,814	$1,006,382
4	SAP	Sap SE This page	5,422	$839,867

26 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-06-30	$839,867	5,422	-0.0%	Shares	Sole	2026-07-01
2026-03-31	$928,471	5,423	+2.7%	Shares	Sole	2026-04-01
2025-12-31	$1,282,321	5,279	+4.3%	Shares	Sole	2026-01-05
2025-09-30	$1,352,082	5,060	+6.8%	Shares	Sole	2025-10-14
2025-06-30	$1,441,129	4,739	+1.3%	Shares	Sole	2025-07-01
2025-03-31	$1,255,762	4,678	+8.2%	Shares	Sole	2025-04-01
2024-12-31	$1,064,858	4,325	+1.1%	Shares	Sole	2025-01-02
2024-09-30	$979,631	4,276	-7.9%	Shares	Sole	2024-10-31
2024-06-30	$936,136	4,641	+1.6%	Shares	Sole	2024-07-01
2024-03-31	$891,092	4,569	+0.1%	Shares	Sole	2024-04-01
2023-12-31	$705,857	4,566	-3.9%	Shares	Sole	2024-11-05
2023-09-30	$614,140	4,749	0.0%	Shares	Sole	2023-10-10
2023-06-30	$649,710	4,749	0.0%	Shares	Sole	2023-07-03
2023-03-31	$600,985	4,749	+1.1%	Shares	Sole	2023-04-04
2022-12-31	$484,683	4,697	-0.6%	Shares	Sole	2023-01-04
2022-09-30	$384,068	4,727	+1.7%	Shares	Sole	2022-10-03
2022-06-30	$421,575	4,647	+1.8%	Shares	Sole	2022-07-12
2022-03-31	$506,310	4,563	-0.4%	Shares	Sole	2022-04-04
2021-12-31	$641,703	4,580	-5.8%	Shares	Sole	2022-01-04
2021-09-30	$656,699	4,863	+2.3%	Shares	Sole	2021-10-04
2021-06-30	$667,887	4,755	+0.5%	Shares	Sole	2021-07-01
2021-03-31	$581,042	4,732	-10.6%	Shares	Sole	2021-04-05
2020-12-31	$690,415	5,295	-27.6%	Shares	Sole	2021-01-25
2020-09-30	$1,139,750	7,315	-7.3%	Shares	Sole	2020-10-19
2020-06-30	$1,104,740	7,891	-1.4%	Shares	Sole	2020-07-01
2020-03-31	$884,331	8,003	—	Shares	Sole	2020-06-03
No filing history on record for this holder in this stock.