Confluence Investment Management LLC Top Holdings and 13F Report (2025)

About Confluence Investment Management LLC

Investment Activity

Confluence Investment Management LLC has $7.01 billion in total holdings as of June 30, 2025.
Confluence Investment Management LLC owns shares of 307 different stocks, but just 57 companies or ETFs make up 80% of its holdings.
Approximately 9.31% of the portfolio was purchased this quarter.
About 8.16% of the portfolio was sold this quarter.
This quarter, Confluence Investment Management LLC has purchased 300 new stocks and bought additional shares in 98 stocks.
Confluence Investment Management LLC sold shares of 172 stocks and completely divested from 17 stocks this quarter.

Largest Holdings

iShares 0-3 Month Treasury Bond ETF: $261,815,799
Snap-On: $170,556,002
WEC Energy Group: $159,355,242
Fastenal: $157,661,858
Northern Trust: $155,794,412

Largest New Holdings this Quarter

46438G422 - iShares iBonds Dec 2035 Term T: $22,624,085 Holding
579780206 - McCormick & Company, Incorporated: $21,559,473 Holding
217204106 - Copart: $15,102,230 Holding
46434V738 - iShares Core MSCI Europe ETF: $12,309,148 Holding
46435U515 - iShares iBonds Dec 2028 Term Corporate ETF: $10,197,832 Holding

Largest Purchases this Quarter

Mondelez International: 1,699,980 shares (about $106.20M)
S&P Global: 144,287 shares (about $70.23M)
Lowe's Companies: 222,738 shares (about $55.98M)
Accenture: 206,137 shares (about $50.83M)
SPDR Portfolio S&P 500 Value ETF: 609,433 shares (about $33.72M)

Largest Sales this Quarter

Gates Industrial: 852,207 shares (about $21.15M)
iShares 10-20 Year Treasury Bond ETF: 199,102 shares (about $20.51M)
iShares 3-7 Year Treasury Bond ETF: 136,487 shares (about $16.31M)
Amphenol: 124,458 shares (about $15.40M)
SPDR Portfolio Mortgage Backed Bond ETF: 505,397 shares (about $11.34M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
SGOV iShares 0-3 Month Treasury Bond ETF	$261,815,799	$23,152,745 ▲	9.7%	2,599,958	3.7%	ETF
SNA Snap-On	$170,556,002	$3,239,359 ▼	-1.9%	492,183	2.4%	Consumer Discretionary
WEC WEC Energy Group	$159,355,242	$3,256,533 ▼	-2.0%	1,390,656	2.3%	Utilities
FAST Fastenal	$157,661,858	$3,189,807 ▼	-2.0%	3,214,964	2.2%	Retail/Wholesale
NTRS Northern Trust	$155,794,412	$3,654,121 ▼	-2.3%	1,157,462	2.2%	Finance
CB Chubb	$152,037,490	$2,727,384 ▼	-1.8%	538,662	2.2%	Finance
ADI Analog Devices	$150,750,915	$3,031,446 ▼	-2.0%	613,557	2.2%	Computer and Technology
LMT Lockheed Martin	$148,351,151	$1,460,688 ▼	-1.0%	297,172	2.1%	Aerospace
Linde plc	$147,160,209	$3,148,775 ▼	-2.1%	309,811	2.1%	COM
SO Southern	$146,839,112	$2,845,754 ▼	-1.9%	1,549,426	2.1%	Utilities
HSY Hershey	$141,247,986	$1,731,522 ▼	-1.2%	755,135	2.0%	Consumer Staples
HD Home Depot	$139,910,569	$2,368,337 ▼	-1.7%	345,296	2.0%	Retail/Wholesale
BR Broadridge Financial Solutions	$139,070,256	$3,246,970 ▼	-2.3%	583,912	2.0%	Computer and Technology
MDLZ Mondelez International	$138,927,907	$106,197,750 ▲	324.5%	2,223,914	2.0%	Consumer Staples
PGR Progressive	$136,877,011	$1,813,845 ▼	-1.3%	554,271	2.0%	Finance
PAYX Paychex	$130,215,442	$2,201,314 ▼	-1.7%	1,027,260	1.9%	Computer and Technology
DEO Diageo	$130,119,185	$1,209,862 ▲	0.9%	1,363,504	1.9%	Consumer Staples
FNF Fidelity National Financial	$129,394,058	$2,416,031 ▼	-1.8%	2,139,098	1.8%	Finance
CVX Chevron	$129,341,248	$1,977,464 ▼	-1.5%	832,901	1.8%	Energy
ETR Entergy	$126,025,202	$2,111,033 ▼	-1.6%	1,352,347	1.8%	Utilities
AWK American Water Works	$119,958,104	$1,900,361 ▼	-1.6%	861,830	1.7%	Utilities
CSCO Cisco Systems	$116,835,783	$2,142,846 ▼	-1.8%	1,707,626	1.7%	Computer and Technology
CLX Clorox	$114,803,803	$1,284,417 ▼	-1.1%	931,093	1.6%	Consumer Staples
KMI Kinder Morgan	$107,403,781	$1,346,707 ▼	-1.2%	3,793,846	1.5%	Energy
GILD Gilead Sciences	$105,776,963	$1,871,570 ▼	-1.7%	952,946	1.5%	Medical
CL Colgate-Palmolive	$103,485,074	$1,156,332 ▼	-1.1%	1,294,534	1.5%	Consumer Staples
TROW T. Rowe Price Group	$99,947,677	$2,598,435 ▲	2.7%	973,769	1.4%	Finance
SPMB SPDR Portfolio Mortgage Backed Bond ETF	$94,746,597	$11,341,109 ▼	-10.7%	4,222,219	1.4%	ETF
WRB W.R. Berkley	$94,360,371	$2,509,458 ▼	-2.6%	1,231,537	1.3%	Finance
USB U.S. Bancorp	$93,461,119	$926,148 ▼	-1.0%	1,933,812	1.3%	Finance
MA Mastercard	$92,132,652	$2,656,333 ▼	-2.8%	161,975	1.3%	Business Services
TJX TJX Companies	$87,206,809	$1,997,399 ▼	-2.2%	603,340	1.2%	Retail/Wholesale
MSFT Microsoft	$83,794,983	$1,763,620 ▼	-2.1%	161,782	1.2%	Computer and Technology
SYK Stryker	$83,683,183	$2,295,278 ▼	-2.7%	226,373	1.2%	Medical
ARCC Ares Capital	$75,157,995	$2,334,516 ▼	-3.0%	3,682,410	1.1%	Finance
NDSN Nordson	$75,010,794	$1,264,792 ▼	-1.7%	330,517	1.1%	Industrials
SPGI S&P Global	$70,368,320	$70,225,714 ▲	49,244.7%	144,580	1.0%	Finance
PAYC Paycom Software	$68,126,641	$3,086,088 ▼	-4.3%	327,312	1.0%	Computer and Technology
GOOG Alphabet	$67,509,419	$1,264,999 ▼	-1.8%	277,189	1.0%	Computer and Technology
SPDW SPDR Portfolio Developed World ex-US ETF	$63,087,437	$8,453,935 ▲	15.5%	1,474,350	0.9%	ETF
MAS Masco	$61,114,632	$1,255,054 ▼	-2.0%	868,229	0.9%	Construction
ITW Illinois Tool Works	$58,127,692	$1,255,823 ▼	-2.1%	222,916	0.8%	Industrials
KEYS Keysight Technologies	$57,188,345	$1,124,561 ▼	-1.9%	326,940	0.8%	Computer and Technology
UPS United Parcel Service	$56,937,655	$824,608 ▲	1.5%	681,643	0.8%	Transportation
LOW Lowe's Companies	$56,123,399	$55,976,382 ▲	38,074.9%	223,323	0.8%	Retail/Wholesale
GGG Graco	$55,565,442	$1,361,654 ▼	-2.4%	654,019	0.8%	Industrials
APD Air Products and Chemicals	$55,240,557	$928,885 ▼	-1.7%	202,554	0.8%	Basic Materials
ACN Accenture	$51,602,283	$50,833,384 ▲	6,611.2%	209,255	0.7%	Computer and Technology
BRK.B Berkshire Hathaway	$50,714,652	$548,995 ▼	-1.1%	100,876	0.7%	Finance
NXPI NXP Semiconductors	$47,990,826	$515,355 ▼	-1.1%	210,735	0.7%	Computer and Technology
DOW DOW	$44,988,027	$4,404,877 ▲	10.9%	1,961,972	0.6%	Basic Materials
WY Weyerhaeuser	$43,741,127	$3,743,760 ▼	-7.9%	1,764,467	0.6%	Construction
TMO Thermo Fisher Scientific	$40,364,708	$122,710 ▼	-0.3%	83,223	0.6%	Medical
MLM Martin Marietta Materials	$38,693,381	$672,506 ▼	-1.7%	61,391	0.6%	Construction
TLH iShares 10-20 Year Treasury Bond ETF	$37,390,931	$20,505,515 ▼	-35.4%	363,054	0.5%	ETF
GLDM SPDR Gold MiniShares Trust	$37,337,645	$2,844,934 ▼	-7.1%	488,393	0.5%	Finance
BF.B Brown-Forman	$36,534,127	$889,524 ▼	-2.4%	1,349,118	0.5%	Consumer Staples
ACGL Arch Capital Group	$35,295,785	$669,406 ▼	-1.9%	389,020	0.5%	Finance
BKNG Booking	$35,198,214	$10,458,497 ▼	-22.9%	6,519	0.5%	Retail/Wholesale
MBB iShares MBS ETF	$34,872,160	$7,434,634 ▲	27.1%	366,497	0.5%	ETF
SPYV SPDR Portfolio S&P 500 Value ETF	$33,748,747	$33,719,920 ▲	116,973.7%	609,954	0.5%	ETF
SPYG SPDR Portfolio S&P 500 Growth ETF	$30,626,419	$30,604,472 ▲	139,446.7%	293,048	0.4%	ETF
RMD ResMed	$30,290,386	$1,205,780 ▼	-3.8%	110,658	0.4%	Medical
SBUX Starbucks	$28,568,229	$255,323 ▼	-0.9%	337,686	0.4%	Retail/Wholesale
ECL Ecolab	$27,976,998	$957,415 ▼	-3.3%	102,158	0.4%	Basic Materials
BRO Brown & Brown	$27,912,174	$27,848,584 ▲	43,794.2%	297,603	0.4%	Finance
GD General Dynamics	$27,186,722	$881,149 ▼	-3.1%	79,726	0.4%	Aerospace
DLTR Dollar Tree	$25,822,133	$1,082,426 ▼	-4.0%	273,626	0.4%	Retail/Wholesale
APH Amphenol	$25,767,607	$15,401,684 ▼	-37.4%	208,223	0.4%	Computer and Technology
SHW Sherwin-Williams	$25,204,704	$761,082 ▼	-2.9%	72,791	0.4%	Basic Materials
DCI Donaldson	$24,867,323	$725,436 ▼	-2.8%	303,816	0.4%	Industrials
AOS A. O. Smith	$24,157,045	$190,572 ▼	-0.8%	329,070	0.3%	Industrials
MCD McDonald's	$23,176,098	$588,633 ▼	-2.5%	76,265	0.3%	Retail/Wholesale
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	$22,982,574	$22,961,239 ▲	107,622.4%	269,306	0.3%	ETF
iShares iBonds Dec 2035 Term T	$22,624,085	$22,624,085 ▲	New Holding	886,173	0.3%	COM
MDYG SPDR S&P 400 Mid Cap Growth ETF	$21,943,184	$21,927,253 ▲	137,635.1%	239,659	0.3%	ETF
EXPD Expeditors International of Washington	$21,708,293	$528,487 ▼	-2.4%	177,080	0.3%	Transportation
MKC McCormick & Company, Incorporated	$21,559,473	$21,559,473 ▲	New Holding	322,216	0.3%	Consumer Staples
NJR NewJersey Resources	$20,369,154	$427,187 ▼	-2.1%	423,035	0.3%	Utilities
PG Procter & Gamble	$20,129,203	$418,542 ▼	-2.0%	131,007	0.3%	Consumer Staples
ZTS Zoetis	$19,564,606	$485,636 ▼	-2.4%	133,711	0.3%	Medical
MDT Medtronic	$19,501,288	$444,296 ▼	-2.2%	204,759	0.3%	Medical
EOG EOG Resources	$19,360,160	$985,084 ▼	-4.8%	172,674	0.3%	Energy
STZ Constellation Brands	$19,330,907	$4,713 ▲	0.0%	143,543	0.3%	Consumer Staples
VNT Vontier	$18,873,551	$388,769 ▼	-2.0%	449,691	0.3%	Business Services
VVV Valvoline	$17,617,949	$296,186 ▼	-1.7%	490,614	0.3%	Retail/Wholesale
TTC Toro	$17,070,108	$190,576 ▼	-1.1%	224,017	0.2%	Consumer Discretionary
NKE NIKE	$17,029,254	$274,527 ▼	-1.6%	244,217	0.2%	Consumer Discretionary
IBTO iShares iBonds Dec 2033 Term Treasury ETF	$16,684,700	$438,943 ▼	-2.6%	676,864	0.2%	ETF
iShares iBonds Dec 2034 Term T	$16,652,450	$425,934 ▼	-2.5%	642,704	0.2%	COM
MDYV SPDR S&P 400 Mid Cap Value ETF	$15,647,893	$15,626,373 ▲	72,614.0%	187,602	0.2%	ETF
DIS Walt Disney	$15,608,320	$192,131 ▼	-1.2%	136,317	0.2%	Consumer Discretionary
CPRT Copart	$15,102,230	$15,102,230 ▲	New Holding	335,829	0.2%	Business Services
BDX Becton, Dickinson and Company	$15,022,894	$65,697 ▼	-0.4%	80,263	0.2%	Medical
CRL Charles River Laboratories International	$15,014,371	$197,609 ▼	-1.3%	95,963	0.2%	Medical
CARR Carrier Global	$13,982,553	$123,519 ▼	-0.9%	234,214	0.2%	Construction
MORN Morningstar	$13,976,011	$171,919 ▼	-1.2%	60,239	0.2%	Business Services
IEI iShares 3-7 Year Treasury Bond ETF	$13,493,038	$16,311,562 ▼	-54.7%	112,903	0.2%	ETF
HYBB iShares BB Rated Corporate Bond ETF	$12,812,920	$9,036,352 ▲	239.3%	270,829	0.2%	ETF
IEUR iShares Core MSCI Europe ETF	$12,309,148	$12,309,148 ▲	New Holding	180,698	0.2%	ETF

Showing largest 100 holdings. View all holdings.

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Confluence Investment Management LLC Top Holdings and 13F Report (2025)

About Confluence Investment Management LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

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Confluence Investment Management LLC Top Holdings and 13F Report (2025)

About Confluence Investment Management LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofConfluence Investment Management LLC

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools