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

About Confluence Investment Management LLC

Investment Activity

Confluence Investment Management LLC has $7.08 billion in total holdings as of June 30, 2025.
Confluence Investment Management LLC owns shares of 300 different stocks, but just 59 companies or ETFs make up 80% of its holdings.
Approximately 11.94% of the portfolio was purchased this quarter.
About 5.08% of the portfolio was sold this quarter.
This quarter, Confluence Investment Management LLC has purchased 305 new stocks and bought additional shares in 107 stocks.
Confluence Investment Management LLC sold shares of 162 stocks and completely divested from 26 stocks this quarter.

Largest Holdings

iShares 0-3 Month Treasury Bond ETF: $238,639,305
Chubb: $158,860,574
Snap-On: $156,066,459
Paychex: $151,951,340
Northern Trust: $150,196,703

Largest New Holdings this Quarter

78463X889 - SPDR Portfolio Developed World ex-US ETF: $51,696,903 Holding
609207105 - Mondelez International: $35,334,109 Holding
74347B680 - ProShares S&P MidCap 400 Dividend Aristocrats ETF: $24,454,874 Holding
14448c104 - Carrier Global: $17,293,504 Holding
46138R108 - Invesco CurrencyShares Swiss Franc Trust: $16,025,300 Holding

Largest Purchases this Quarter

S&P Global: 147,517 shares (about $77.78M)
Fastenal: 1,619,507 shares (about $68.02M)
SPDR Portfolio Developed World ex-US ETF: 1,276,782 shares (about $51.70M)
Lowe's Companies: 225,973 shares (about $50.14M)
American Water Works: 340,314 shares (about $47.34M)

Largest Sales this Quarter

iShares BB Rated Corporate Bond ETF: 673,015 shares (about $31.63M)
PepsiCo: 184,995 shares (about $24.43M)
Berkshire Hathaway: 42,203 shares (about $20.50M)
AZEK: 91,566 shares (about $4.98M)
Polaris: 98,127 shares (about $3.99M)

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	$238,639,305	$42,949,114 ▲	21.9%	2,370,040	3.4%	ETF
CB Chubb	$158,860,574	$2,840,992 ▼	-1.8%	548,325	2.2%	Finance
SNA Snap-On	$156,066,459	$2,592,752 ▼	-1.6%	501,531	2.2%	Consumer Discretionary
PAYX Paychex	$151,951,340	$3,030,224 ▼	-2.0%	1,044,626	2.1%	Computer and Technology
NTRS Northern Trust	$150,196,703	$9,238,807 ▲	6.6%	1,184,610	2.1%	Finance
PGR Progressive	$149,872,728	$1,714,307 ▼	-1.1%	561,616	2.1%	Finance
ADI Analog Devices	$148,975,443	$887,338 ▼	-0.6%	625,895	2.1%	Computer and Technology
Linde plc	$148,467,088	$2,820,237 ▼	-1.9%	316,440	2.1%	COM
WEC WEC Energy Group	$147,867,617	$2,638,552 ▼	-1.8%	1,419,075	2.1%	Utilities
BR Broadridge Financial Solutions	$145,221,382	$2,963,751 ▼	-2.0%	597,545	2.1%	Computer and Technology
SO Southern	$145,041,268	$2,229,633 ▼	-1.5%	1,579,454	2.0%	Utilities
LMT Lockheed Martin	$138,987,687	$1,088,844 ▼	-0.8%	300,098	2.0%	Aerospace
FAST Fastenal	$137,760,369	$68,019,290 ▲	97.5%	3,280,009	1.9%	Retail/Wholesale
DEO Diageo	$136,217,332	$16,723,209 ▲	14.0%	1,350,826	1.9%	Consumer Staples
HD Home Depot	$128,742,257	$930,532 ▼	-0.7%	351,141	1.8%	Retail/Wholesale
HSY Hershey	$126,850,784	$10,781,102 ▲	9.3%	764,392	1.8%	Consumer Staples
FNF Fidelity National Financial	$122,156,927	$1,627,646 ▼	-1.3%	2,179,039	1.7%	Finance
AWK American Water Works	$121,788,489	$47,341,100 ▲	63.6%	875,483	1.7%	Utilities
CVX Chevron	$121,086,533	$15,937,341 ▲	15.2%	845,635	1.7%	Energy
CSCO Cisco Systems	$120,647,994	$1,273,400 ▼	-1.0%	1,738,945	1.7%	Computer and Technology
CL Colgate-Palmolive	$118,988,004	$1,104,617 ▼	-0.9%	1,308,999	1.7%	Consumer Staples
ORCL Oracle	$114,467,951	$2,658,542 ▼	-2.3%	523,569	1.6%	Computer and Technology
ETR Entergy	$114,289,975	$1,274,977 ▼	-1.1%	1,375,000	1.6%	Utilities
CLX Clorox	$113,047,158	$12,098,739 ▲	12.0%	941,510	1.6%	Consumer Staples
KMI Kinder Morgan	$112,937,632	$1,162,682 ▼	-1.0%	3,841,416	1.6%	Energy
GILD Gilead Sciences	$107,522,447	$1,127,436 ▼	-1.0%	969,807	1.5%	Medical
SPMB SPDR Portfolio Mortgage Backed Bond ETF	$104,480,316	$12,510,656 ▲	13.6%	4,727,616	1.5%	ETF
PEP PepsiCo	$93,913,879	$24,426,748 ▼	-20.6%	711,253	1.3%	Consumer Staples
MA Mastercard	$93,643,945	$3,432,871 ▼	-3.5%	166,645	1.3%	Business Services
WRB W.R. Berkley	$92,887,287	$2,833,443 ▼	-3.0%	1,264,289	1.3%	Finance
SYK Stryker	$92,016,619	$1,684,596 ▼	-1.8%	232,582	1.3%	Medical
TROW T. Rowe Price Group	$91,525,678	$954,288 ▼	-1.0%	948,453	1.3%	Finance
USB U.S. Bancorp	$88,372,099	$1,529,812 ▲	1.8%	1,952,975	1.2%	Finance
ARCC Ares Capital	$83,377,528	$468,714 ▲	0.6%	3,796,791	1.2%	Finance
MSFT Microsoft	$82,165,369	$1,140,060 ▼	-1.4%	165,187	1.2%	Computer and Technology
PAYC Paycom Software	$79,170,878	$2,049,276 ▼	-2.5%	342,139	1.1%	Computer and Technology
SPGI S&P Global	$77,937,943	$77,784,501 ▲	50,693.1%	147,808	1.1%	Finance
TJX TJX Companies	$76,213,043	$1,163,154 ▼	-1.5%	617,159	1.1%	Retail/Wholesale
NDSN Nordson	$72,047,535	$39,080,680 ▲	118.5%	336,090	1.0%	Industrials
UPS United Parcel Service	$67,808,532	$3,347,573 ▲	5.2%	671,771	1.0%	Transportation
APD Air Products and Chemicals	$58,092,942	$195,749 ▼	-0.3%	205,960	0.8%	Basic Materials
GGG Graco	$57,603,896	$1,132,570 ▼	-1.9%	670,046	0.8%	Industrials
TLH iShares 10-20 Year Treasury Bond ETF	$57,115,041	$32,671,101 ▲	133.7%	562,156	0.8%	ETF
MAS Masco	$57,026,726	$511,919 ▼	-0.9%	886,059	0.8%	Construction
ITW Illinois Tool Works	$56,306,720	$548,400 ▼	-1.0%	227,732	0.8%	Industrials
KEYS Keysight Technologies	$54,625,845	$135,512 ▼	-0.2%	333,369	0.8%	Computer and Technology
SPDW SPDR Portfolio Developed World ex-US ETF	$51,696,903	$51,696,903 ▲	New Holding	1,276,782	0.7%	ETF
LOW Lowe's Companies	$50,264,185	$50,136,610 ▲	39,299.7%	226,548	0.7%	Retail/Wholesale
GOOG Alphabet	$50,091,934	$246,040 ▼	-0.5%	282,383	0.7%	Computer and Technology
BRK.B Berkshire Hathaway	$49,533,238	$20,501,052 ▼	-29.3%	101,968	0.7%	Finance
WY Weyerhaeuser	$49,208,830	$1,206,145 ▼	-2.4%	1,915,486	0.7%	Construction
BKNG Booking	$48,954,213	$3,641,462 ▼	-6.9%	8,456	0.7%	Retail/Wholesale
DOW DOW	$46,866,188	$871,616 ▲	1.9%	1,769,871	0.7%	Basic Materials
NXPI NXP Semiconductors	$46,538,072	$80,405 ▲	0.2%	212,998	0.7%	Computer and Technology
BF.B Brown-Forman	$37,188,694	$23,267,455 ▲	167.1%	1,381,966	0.5%	Consumer Staples
ACGL Arch Capital Group	$36,092,037	$391,424 ▼	-1.1%	396,398	0.5%	Finance
SPYV SPDR Portfolio S&P 500 Value ETF	$35,868,976	$35,846,313 ▲	158,169.5%	685,307	0.5%	ETF
MDLZ Mondelez International	$35,334,109	$35,334,109 ▲	New Holding	523,934	0.5%	Consumer Staples
GLDM SPDR Gold MiniShares Trust	$34,437,738	$3,630,532 ▲	11.8%	525,606	0.5%	Finance
MLM Martin Marietta Materials	$34,286,824	$5,490 ▼	0.0%	62,458	0.5%	Construction
TMO Thermo Fisher Scientific	$33,846,069	$212,055 ▲	0.6%	83,476	0.5%	Medical
PII Polaris	$33,528,344	$3,988,860 ▼	-10.6%	824,806	0.5%	Auto/Tires/Trucks
BRO Brown & Brown	$33,164,247	$32,947,718 ▲	15,216.3%	299,127	0.5%	Finance
APH Amphenol	$32,852,229	$1,689,216 ▼	-4.9%	332,681	0.5%	Computer and Technology
SBUX Starbucks	$31,218,693	$240,987 ▼	-0.8%	340,704	0.4%	Retail/Wholesale
IEI iShares 3-7 Year Treasury Bond ETF	$29,699,855	$24,077,259 ▲	428.2%	249,390	0.4%	ETF
RMD ResMed	$29,686,246	$911,256 ▼	-3.0%	115,063	0.4%	Medical
ECL Ecolab	$28,467,392	$867,596 ▼	-3.0%	105,654	0.4%	Basic Materials
DLTR Dollar Tree	$28,235,958	$603,155 ▼	-2.1%	285,096	0.4%	Retail/Wholesale
MBB iShares MBS ETF	$27,074,185	$211,346 ▼	-0.8%	288,361	0.4%	ETF
SPYG SPDR Portfolio S&P 500 Growth ETF	$25,963,615	$25,939,022 ▲	105,475.2%	272,384	0.4%	ETF
SHW Sherwin-Williams	$25,748,334	$660,284 ▼	-2.5%	74,989	0.4%	Basic Materials
MDYV SPDR S&P 400 Mid Cap Value ETF	$24,457,500	$24,440,264 ▲	141,795.4%	307,913	0.3%	ETF
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	$24,454,874	$24,454,874 ▲	New Holding	299,931	0.3%	ETF
GD General Dynamics	$24,006,678	$616,573 ▼	-2.5%	82,310	0.3%	Aerospace
STZ Constellation Brands	$23,345,847	$347,321 ▲	1.5%	143,508	0.3%	Consumer Staples
MCD McDonald's	$22,848,187	$587,844 ▼	-2.5%	78,202	0.3%	Retail/Wholesale
GTES Gates Industrial	$22,636,785	$648,893 ▼	-2.8%	982,926	0.3%	Industrials
AOS A. O. Smith	$21,747,309	$55,538 ▲	0.3%	331,666	0.3%	Industrials
EOG EOG Resources	$21,704,474	$345,195 ▼	-1.6%	181,460	0.3%	Energy
DCI Donaldson	$21,684,307	$426,850 ▼	-1.9%	312,679	0.3%	Industrials
ZTS Zoetis	$21,369,834	$412,488 ▼	-1.9%	137,030	0.3%	Medical
PG Procter & Gamble	$21,305,993	$459,956 ▼	-2.1%	133,731	0.3%	Consumer Staples
EXPD Expeditors International of Washington	$20,723,974	$367,429 ▼	-1.7%	181,391	0.3%	Transportation
NJR NewJersey Resources	$19,358,083	$394,237 ▼	-2.0%	431,907	0.3%	Utilities
MORN Morningstar	$19,143,343	$352,541 ▼	-1.8%	60,980	0.3%	Business Services
VVV Valvoline	$18,891,904	$278,079 ▼	-1.5%	498,862	0.3%	Retail/Wholesale
MDT Medtronic	$18,255,508	$198,399 ▼	-1.1%	209,424	0.3%	Medical
MDYG SPDR S&P 400 Mid Cap Growth ETF	$18,024,966	$17,986,483 ▲	46,738.4%	207,494	0.3%	ETF
BRP The Baldwin Insurance Group	$17,690,291	$420,137 ▼	-2.3%	413,228	0.2%	Finance
NKE NIKE	$17,628,842	$86,953 ▲	0.5%	248,154	0.2%	Consumer Discretionary
CARR Carrier Global	$17,293,504	$17,293,504 ▲	New Holding	236,283	0.2%	Construction
DIS Walt Disney	$17,112,760	$2,852 ▼	0.0%	137,995	0.2%	Consumer Discretionary
IBTO iShares iBonds Dec 2033 Term Treasury ETF	$17,026,389	$154,609 ▼	-0.9%	694,671	0.2%	ETF
iShares iBonds Dec 2034 Term T	$16,943,787	$52,337 ▼	-0.3%	659,143	0.2%	COM
VNT Vontier	$16,935,419	$2,573,593 ▲	17.9%	458,954	0.2%	Business Services
FXF Invesco CurrencyShares Swiss Franc Trust	$16,025,300	$16,025,300 ▲	New Holding	143,339	0.2%	ETF
TTC Toro	$16,010,260	$9,118 ▼	-0.1%	226,518	0.2%	Consumer Discretionary
CRL Charles River Laboratories International	$14,752,101	$106,211 ▲	0.7%	97,226	0.2%	Medical
BDX Becton, Dickinson and Company	$13,885,725	$85,953 ▲	0.6%	80,614	0.2%	Medical

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

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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