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

About Confluence Investment Management LLC

Investment Activity

Confluence Investment Management LLC has $5.97 billion in total holdings as of June 30, 2025.
Confluence Investment Management LLC owns shares of 308 different stocks, but just 58 companies or ETFs make up 80% of its holdings.
Approximately 14.52% of the portfolio was purchased this quarter.
About 12.28% of the portfolio was sold this quarter.
This quarter, Confluence Investment Management LLC has purchased 301 new stocks and bought additional shares in 127 stocks.
Confluence Investment Management LLC sold shares of 144 stocks and completely divested from 18 stocks this quarter.

Largest Holdings

iShares 0-3 Month Treasury Bon: $216,717,283
Chevron: $144,437,137
Chubb: $141,134,050
Zoetis: $130,169,165
Lockheed Martin: $125,597,658

Largest New Holdings this Quarter

942622200 - Watsco: $96,991,260 Holding
78464A672 - SPDR Portfolio Intermediate Term Treasury ETF: $18,877,951 Holding
92345Y106 - Verisk Analytics: $16,856,622 Holding
78464A631 - SPDR S&P Aerospace & Defense ETF: $14,627,256 Holding
00783V104 - Adyen: $10,048,826 Holding

Largest Purchases this Quarter

Stanley Black & Decker: 1,290,188 shares (about $114.30M)
Zoetis: 1,398,638 shares (about $97.67M)
Watsco: 320,431 shares (about $96.99M)
NIKE: 2,441,233 shares (about $86.42M)
SPDR Portfolio S&P 500 Value ETF: 1,027,587 shares (about $62.82M)

Largest Sales this Quarter

iShares 0-3 Month Treasury Bon: 635,477 shares (about $63.98M)
Diageo: 676,044 shares (about $57.87M)
Snap-On: 114,390 shares (about $41.56M)
iShares 10-20 Year Treasury Bond ETF: 213,064 shares (about $19.64M)
SPDR Gold MiniShares Trust: 193,603 shares (about $15.91M)

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
iShares 0-3 Month Treasury Bon	$216,717,283	$63,979,842 ▼	-22.8%	2,152,535	3.6%	COM
CVX Chevron	$144,437,137	$7,262,934 ▼	-4.8%	707,297	2.4%	Energy
CB Chubb	$141,134,050	$8,731,983 ▼	-5.8%	433,925	2.4%	Finance
ZTS Zoetis	$130,169,165	$97,666,869 ▲	300.5%	1,864,087	2.2%	Healthcare
LMT Lockheed Martin	$125,597,658	$6,083,006 ▼	-4.6%	246,632	2.1%	Industrials
Linde plc	$122,631,642	$5,869,053 ▼	-4.6%	258,362	2.1%	COM
GILD Gilead Sciences	$117,942,892	$6,160,986 ▼	-5.0%	791,297	2.0%	Healthcare
WEC WEC Energy Group	$115,021,567	$5,040,917 ▼	-4.2%	1,141,313	1.9%	Utilities
SWK Stanley Black & Decker	$114,803,324	$114,297,741 ▲	22,607.1%	1,295,895	1.9%	Consumer Discretionary
MDLZ Mondelez International	$113,673,260	$4,530,024 ▼	-3.8%	1,965,985	1.9%	Consumer Staples
ADI Analog Devices	$111,978,169	$4,412,606 ▼	-3.8%	282,267	1.9%	Technology
PGR Progressive	$111,423,631	$4,132,514 ▼	-3.6%	537,474	1.9%	Finance
ETR Entergy	$110,596,467	$4,210,013 ▼	-3.7%	1,114,210	1.9%	Utilities
SNA Snap-On	$110,001,239	$41,563,581 ▼	-27.4%	302,742	1.8%	Industrials
SO Southern	$109,008,667	$4,599,816 ▼	-4.0%	1,315,100	1.8%	Utilities
NTRS Northern Trust	$106,614,077	$5,233,898 ▼	-4.7%	629,512	1.8%	Finance
CL Colgate-Palmolive	$99,075,385	$4,108,244 ▼	-4.0%	1,161,221	1.7%	Consumer Staples
HSY Hershey	$98,489,690	$6,044,028 ▼	-5.8%	624,895	1.7%	Consumer Staples
KMI Kinder Morgan	$98,399,048	$3,170,785 ▼	-3.1%	3,263,650	1.6%	Energy
WSO Watsco	$96,991,260	$96,991,260 ▲	New Holding	320,431	1.6%	Industrials
USB U.S. Bancorp	$96,968,082	$3,240,799 ▼	-3.2%	1,678,810	1.6%	Finance
AWK American Water Works	$96,508,227	$4,518,373 ▼	-4.5%	745,410	1.6%	Utilities
NKE NIKE	$96,309,803	$86,419,645 ▲	873.8%	2,720,616	1.6%	Consumer Discretionary
CLX Clorox	$94,815,467	$6,256,158 ▼	-6.2%	1,170,417	1.6%	Consumer Staples
TROW T. Rowe Price Group	$93,108,731	$4,324,630 ▼	-4.4%	894,846	1.6%	Finance
PAYX Paychex	$89,888,294	$3,925,420 ▼	-4.2%	912,572	1.5%	Industrials
CSCO Cisco Systems	$88,315,560	$2,285,953 ▼	-2.5%	820,548	1.5%	Technology
HD Home Depot	$85,256,155	$3,294,960 ▼	-3.7%	299,681	1.4%	Consumer Discretionary
NDSN Nordson	$83,802,787	$8,362,476 ▼	-9.1%	255,613	1.4%	Industrials
BR Broadridge Financial Solutions	$81,842,206	$2,468,053 ▼	-2.9%	508,021	1.4%	Industrials
PAYC Paycom Software	$71,995,977	$9,489,318 ▼	-11.6%	330,788	1.2%	Technology
FNF Fidelity National Financial	$71,782,900	$1,996,543 ▼	-2.7%	1,857,255	1.2%	Finance
SPDW SPDR Portfolio Developed World ex-US ETF	$71,287,455	$3,162,577 ▼	-4.2%	1,419,786	1.2%	ETF
MSFT Microsoft	$69,811,969	$3,477,956 ▼	-4.7%	136,113	1.2%	Technology
SPMB SPDR Portfolio Mortgage Backed Bond ETF	$69,790,243	$1,462,148 ▼	-2.1%	3,301,336	1.2%	ETF
MA Mastercard	$68,983,028	$6,299,961 ▼	-8.4%	125,090	1.2%	Finance
Honeywell Aerospace Inc.	$66,119,894	$28,762,556 ▲	77.0%	426,663	1.1%	COM
WRB W.R. Berkley	$63,912,411	$5,772,102 ▼	-8.3%	946,290	1.1%	Finance
SPYV SPDR Portfolio S&P 500 Value ETF	$62,860,528	$62,816,392 ▲	142,325.1%	1,028,309	1.1%	ETF
SPYG SPDR Portfolio S&P 500 Growth ETF	$62,802,916	$62,745,684 ▲	109,633.5%	510,261	1.1%	ETF
ARCC Ares Capital	$62,558,857	$1,761,918 ▼	-2.7%	3,275,333	1.0%	Finance
ACN Accenture	$60,990,166	$1,695,623 ▼	-2.7%	332,607	1.0%	Technology
TMO Thermo Fisher Scientific	$57,914,988	$4,717,284 ▼	-7.5%	85,793	1.0%	Healthcare
SYK Stryker	$54,012,318	$4,370,446 ▼	-7.5%	196,130	0.9%	Healthcare
APD Air Products and Chemicals	$52,428,158	$4,023,754 ▼	-7.1%	188,435	0.9%	Materials
SPGI S&P Global	$51,729,158	$51,563,086 ▲	31,048.7%	131,136	0.9%	Finance
TJX TJX Companies	$49,430,002	$4,402,752 ▼	-8.2%	373,592	0.8%	Consumer Discretionary
MAS Masco	$47,654,965	$4,154,064 ▼	-8.0%	707,047	0.8%	Industrials
Honeywell International Inc.	$47,012,128	$3,734,054 ▼	-7.4%	222,870	0.8%	COM
ITW Illinois Tool Works	$45,820,239	$3,843,502 ▼	-7.7%	178,095	0.8%	Industrials
BRK.B Berkshire Hathaway	$40,200,499	$2,907,032 ▼	-6.7%	80,732	0.7%	Finance
CARR Carrier Global	$40,020,413	$14,083,820 ▲	54.3%	729,501	0.7%	Industrials
GOOG Alphabet	$36,947,116	$2,391,313 ▼	-6.1%	108,432	0.6%	Communication Services
NXPI NXP Semiconductors	$33,922,029	$2,031,840 ▼	-5.7%	142,811	0.6%	Technology
LOW Lowe's Companies	$33,383,007	$33,240,919 ▲	23,394.7%	181,144	0.6%	Consumer Discretionary
BKNG Booking	$29,694,904	$2,034,257 ▼	-6.4%	182,278	0.5%	Consumer Discretionary
ACGL Arch Capital Group	$29,111,964	$1,720,851 ▼	-5.6%	315,201	0.5%	Finance
MORN Morningstar	$28,388,671	$3,206,727 ▼	-10.1%	149,383	0.5%	Finance
BF.B Brown-Forman	$27,221,720	$2,962,250 ▼	-9.8%	1,038,997	0.5%	Consumer Staples
GGG Graco	$27,093,188	$15,099,839 ▼	-35.8%	352,592	0.5%	Industrials
GLDM SPDR Gold MiniShares Trust	$27,038,370	$15,910,294 ▼	-37.0%	329,014	0.5%	ETF
MBB iShares MBS ETF	$26,010,794	$1,191,409 ▼	-4.4%	290,234	0.4%	ETF
CRL Charles River Laboratories International	$24,301,006	$2,731,514 ▼	-10.1%	82,373	0.4%	Healthcare
iShares iBonds Dec 2035 Term T	$24,087,397	$592,672 ▼	-2.4%	1,019,464	0.4%	COM
MLM Martin Marietta Materials	$23,557,019	$1,492,196 ▼	-6.0%	49,097	0.4%	Materials
EXPD Expeditors International of Washington	$23,418,071	$3,958,312 ▼	-14.5%	126,831	0.4%	Industrials
iShares iBonds Dec 2034 Term T	$22,549,680	$649,806 ▼	-2.8%	938,069	0.4%	COM
BRO Brown & Brown	$21,324,179	$21,218,335 ▲	20,046.8%	350,151	0.4%	Finance
ECL Ecolab	$20,547,989	$2,401,759 ▼	-10.5%	74,834	0.3%	Materials
IEUR iShares Core MSCI Europe ETF	$20,326,460	$3,431,325 ▲	20.3%	275,800	0.3%	ETF
TTC Toro	$20,105,585	$2,422,551 ▼	-10.8%	208,521	0.3%	Industrials
GD General Dynamics	$19,378,203	$2,519,253 ▼	-11.5%	58,398	0.3%	Industrials
DCI Donaldson	$19,235,102	$2,289,147 ▼	-10.6%	220,992	0.3%	Industrials
EOG EOG Resources	$18,880,872	$2,383,942 ▼	-11.2%	137,056	0.3%	Energy
SPTI SPDR Portfolio Intermediate Term Treasury ETF	$18,877,951	$18,877,951 ▲	New Holding	692,007	0.3%	ETF
RMD ResMed	$18,686,864	$2,115,477 ▼	-10.2%	84,518	0.3%	Healthcare
SDY SPDR S&P Dividend ETF	$18,570,881	$18,561,506 ▲	197,995.3%	126,781	0.3%	ETF
SHW Sherwin-Williams	$18,026,221	$2,099,320 ▼	-10.4%	55,762	0.3%	Materials
APH Amphenol	$18,000,356	$7,969,735 ▲	79.5%	213,527	0.3%	Technology
RLI RLI	$17,563,456	$2,362,122 ▼	-11.9%	317,546	0.3%	Finance
NJR NewJersey Resources	$17,535,654	$2,077,386 ▼	-10.6%	346,554	0.3%	Utilities
ATR AptarGroup	$17,475,996	$2,022,887 ▼	-10.4%	144,239	0.3%	Materials
STZ Constellation Brands	$17,162,135	$878,361 ▼	-4.9%	151,797	0.3%	Consumer Staples
VRSK Verisk Analytics	$16,856,622	$16,856,622 ▲	New Holding	100,427	0.3%	Industrials
IBTL iShares iBonds Dec 2031 Term Treasury ETF	$16,375,607	$5,012,257 ▼	-23.4%	841,069	0.3%	ETF
IBTO iShares iBonds Dec 2033 Term Treasury ETF	$16,226,045	$6,497,986 ▼	-28.6%	705,787	0.3%	ETF
AOS A. O. Smith	$16,016,850	$1,571,313 ▼	-8.9%	284,138	0.3%	Industrials
IBTM iShares iBonds Dec 2032 Term Treasury ETF	$15,281,162	$713,292 ▼	-4.5%	703,031	0.3%	ETF
PG Procter & Gamble	$15,274,103	$1,696,864 ▼	-10.0%	105,136	0.3%	Consumer Staples
MDT Medtronic	$15,015,300	$1,831,934 ▼	-10.9%	174,010	0.3%	Healthcare
XAR SPDR S&P Aerospace & Defense ETF	$14,627,256	$14,627,256 ▲	New Holding	63,253	0.2%	ETF
BDX Becton, Dickinson and Company	$14,345,999	$1,746,508 ▼	-10.9%	80,145	0.2%	Healthcare
DLTR Dollar Tree	$14,179,185	$1,115,800 ▼	-7.3%	124,357	0.2%	Consumer Staples
TREX Trex	$13,914,109	$1,520,288 ▼	-9.8%	319,424	0.2%	Industrials
MCD McDonald's	$13,709,054	$1,499,031 ▼	-9.9%	59,362	0.2%	Consumer Discretionary
XLE Energy Select Sector SPDR Fund	$13,661,732	$524,656 ▼	-3.7%	222,142	0.2%	ETF
AVDV Avantis International Small Cap Value ETF	$13,106,021	$642,826 ▼	-4.7%	119,821	0.2%	ETF
FND Floor & Decor	$11,706,883	$11,647,605 ▲	19,649.1%	255,553	0.2%	Consumer Discretionary
CPRT Copart	$11,526,673	$3,535,242 ▲	44.2%	422,532	0.2%	Industrials
RYAN Ryan Specialty	$11,512,189	$4,519,147 ▲	64.6%	311,140	0.2%	Finance

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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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