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

About Confluence Investment Management LLC

Investment Activity

Confluence Investment Management LLC has $6.40 billion in total holdings as of June 30, 2025.
Confluence Investment Management LLC owns shares of 301 different stocks, but just 58 companies or ETFs make up 80% of its holdings.
Approximately 13.24% of the portfolio was purchased this quarter.
About 12.33% of the portfolio was sold this quarter.
This quarter, Confluence Investment Management LLC has purchased 292 new stocks and bought additional shares in 117 stocks.
Confluence Investment Management LLC sold shares of 144 stocks and completely divested from 22 stocks this quarter.

Largest Holdings

iShares 0-3 Month Treasury Bond ETF: $280,669,153
Snap-On: $167,853,845
Chubb: $157,003,383
Linde plc: $140,491,020
WEC Energy Group: $139,111,844

Largest New Holdings this Quarter

854502101 - Stanley Black & Decker: $126,371,838 Holding
438516205 - Honeywell International Inc.: $53,863,959 Holding
43849R105 - Honeywell Aerospace Inc.: $53,293,885 Holding
038336103 - AptarGroup: $20,149,062 Holding
81369Y506 - Energy Select Sector SPDR Fund: $12,251,043 Holding

Largest Purchases this Quarter

Stanley Black & Decker: 1,342,667 shares (about $126.37M)
iShares 0-3 Month Treasury Bond ETF: 1,034,498 shares (about $104.14M)
SPDR Portfolio S&P 500 Growth ETF: 572,711 shares (about $68.15M)
SPDR Portfolio S&P 500 Value ETF: 1,046,117 shares (about $63.59M)
S&P Global: 140,813 shares (about $57.35M)

Largest Sales this Quarter

Analog Devices: 247,250 shares (about $98.20M)
Cisco Systems: 699,159 shares (about $82.12M)
Diageo: 576,498 shares (about $46.34M)
Keysight Technologies: 114,905 shares (about $40.22M)
Alphabet: 57,429 shares (about $20.29M)

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	$280,669,153	$104,142,908 â–²	59.0%	2,788,012	4.4%	ETF
SNA Snap-On	$167,853,845	$7,550,630 â–¼	-4.3%	417,132	2.6%	Consumer Discretionary
CB Chubb	$157,003,383	$7,247,877 â–¼	-4.4%	460,772	2.5%	Finance
Linde plc	$140,491,020	$6,406,312 â–¼	-4.4%	270,727	2.2%	COM
WEC WEC Energy Group	$139,111,844	$5,334,521 â–¼	-3.7%	1,191,332	2.2%	Utilities
FAST Fastenal	$135,912,310	$6,579,341 â–¼	-4.6%	2,829,738	2.1%	Retail/Wholesale
ETR Entergy	$132,849,863	$8,346,074 â–¼	-5.9%	1,156,624	2.1%	Utilities
LMT Lockheed Martin	$131,734,746	$5,636,161 â–¼	-4.1%	258,577	2.1%	Aerospace
SO Southern	$131,179,461	$4,907,818 â–¼	-3.6%	1,370,593	2.0%	Utilities
SWK Stanley Black & Decker	$126,371,838	$126,371,838 â–²	New Holding	1,342,667	2.0%	Industrials
CVX Chevron	$123,137,009	$4,870,030 â–¼	-3.8%	742,863	1.9%	Energy
PGR Progressive	$121,765,607	$4,991,794 â–¼	-3.9%	557,408	1.9%	Finance
CLX Clorox	$119,075,118	$30,070,179 â–²	33.8%	1,247,644	1.9%	Consumer Staples
MDLZ Mondelez International	$118,244,163	$3,963,428 â–¼	-3.2%	2,044,332	1.8%	Consumer Staples
ADI Analog Devices	$116,525,843	$98,200,398 â–¼	-45.7%	293,390	1.8%	Computer and Technology
HSY Hershey	$116,365,981	$4,755,748 â–¼	-3.9%	663,243	1.8%	Consumer Staples
NTRS Northern Trust	$114,806,661	$3,449,679 â–¼	-2.9%	660,416	1.8%	Finance
CL Colgate-Palmolive	$110,875,229	$3,733,026 â–¼	-3.3%	1,209,372	1.7%	Consumer Staples
HD Home Depot	$109,776,232	$3,054,209 â–¼	-2.7%	311,263	1.7%	Retail/Wholesale
KMI Kinder Morgan	$107,701,078	$3,842,442 â–¼	-3.4%	3,368,817	1.7%	Energy
TROW T. Rowe Price Group	$106,460,307	$3,042,116 â–¼	-2.8%	936,409	1.7%	Finance
GILD Gilead Sciences	$105,194,766	$3,586,920 â–¼	-3.3%	832,632	1.6%	Medical
USB U.S. Bancorp	$104,789,018	$2,988,893 â–¼	-2.8%	1,734,918	1.6%	Finance
AWK American Water Works	$102,673,069	$3,901,216 â–¼	-3.7%	780,309	1.6%	Utilities
CSCO Cisco Systems	$98,876,332	$82,123,242 â–¼	-45.4%	841,787	1.5%	Computer and Technology
PAYX Paychex	$93,651,844	$1,709,467 â–¼	-1.8%	952,424	1.5%	Computer and Technology
FNF Fidelity National Financial	$90,024,298	$2,268,160 â–¼	-2.5%	1,908,912	1.4%	Finance
NDSN Nordson	$84,810,940	$8,189,964 â–¼	-8.8%	281,120	1.3%	Industrials
SPMB SPDR Portfolio Mortgage Backed Bond ETF	$75,195,877	$10,775,551 â–¼	-12.5%	3,370,501	1.2%	ETF
SPDW SPDR Portfolio Developed World ex-US ETF	$74,716,932	$5,528,791 â–¼	-6.9%	1,482,773	1.2%	ETF
WRB W.R. Berkley	$72,769,459	$5,758,633 â–¼	-7.3%	1,031,752	1.1%	Finance
BR Broadridge Financial Solutions	$71,671,558	$1,513,572 â–¼	-2.1%	523,341	1.1%	Computer and Technology
MA Mastercard	$70,113,291	$5,146,250 â–¼	-6.8%	136,514	1.1%	Business Services
SPYG SPDR Portfolio S&P 500 Growth ETF	$68,210,291	$68,146,869 â–²	107,450.5%	573,244	1.1%	ETF
SYK Stryker	$66,746,084	$1,240,785 â–²	1.9%	212,000	1.0%	Medical
SPYV SPDR Portfolio S&P 500 Value ETF	$63,618,659	$63,593,431 â–²	252,076.4%	1,046,532	1.0%	ETF
MAS Masco	$62,547,513	$4,876,018 â–¼	-7.2%	768,680	1.0%	Construction
DEO Diageo	$62,450,152	$46,338,936 â–¼	-42.6%	776,936	1.0%	Consumer Staples
ARCC Ares Capital	$62,401,253	$1,254,648 â–¼	-2.0%	3,367,580	1.0%	Finance
TJX TJX Companies	$61,640,512	$6,008,188 â–¼	-8.9%	406,868	1.0%	Retail/Wholesale
APD Air Products and Chemicals	$59,485,321	$4,277,495 â–¼	-6.7%	202,897	0.9%	Basic Materials
SPGI S&P Global	$57,499,499	$57,347,591 â–²	37,751.5%	141,186	0.9%	Finance
Honeywell International Inc.	$53,863,959	$53,863,959 â–²	New Holding	240,572	0.8%	COM
MSFT Microsoft	$53,302,312	$2,132,555 â–¼	-3.8%	142,894	0.8%	Computer and Technology
Honeywell Aerospace Inc.	$53,293,885	$53,293,885 â–²	New Holding	241,062	0.8%	COM
ITW Illinois Tool Works	$52,209,932	$3,820,391 â–¼	-6.8%	193,034	0.8%	Industrials
DOW DOW	$50,634,065	$538,664 â–¼	-1.1%	1,850,660	0.8%	Basic Materials
PAYC Paycom Software	$47,052,996	$4,192,688 â–¼	-8.2%	374,387	0.7%	Computer and Technology
TMO Thermo Fisher Scientific	$46,516,787	$1,318,580 â–²	2.9%	92,781	0.7%	Medical
BRK.B Berkshire Hathaway	$43,319,012	$3,348,129 â–¼	-7.2%	86,570	0.7%	Finance
ACN Accenture	$42,540,308	$129,666 â–²	0.3%	341,854	0.7%	Computer and Technology
NXPI NXP Semiconductors	$42,538,261	$19,239,103 â–¼	-31.1%	151,365	0.7%	Computer and Technology
LOW Lowe's Companies	$42,356,765	$42,188,752 â–²	25,110.4%	192,103	0.7%	Retail/Wholesale
GGG Graco	$41,517,610	$2,768,234 â–¼	-6.3%	549,102	0.6%	Industrials
GLDM SPDR Gold MiniShares Trust	$41,506,242	$15,061,447 â–²	57.0%	522,617	0.6%	Finance
GOOG Alphabet	$40,792,145	$20,291,486 â–¼	-33.2%	115,450	0.6%	Computer and Technology
BKNG Booking	$34,714,895	$33,619,967 â–²	3,070.5%	194,765	0.5%	Retail/Wholesale
CARR Carrier Global	$34,678,263	$2,813,632 â–¼	-7.5%	472,778	0.5%	Construction
TLH iShares 10-20 Year Treasury Bond ETF	$33,675,553	$13,016,699 â–²	63.0%	335,581	0.5%	ETF
ZTS Zoetis	$33,447,156	$23,252,884 â–²	228.1%	465,449	0.5%	Medical
ACGL Arch Capital Group	$32,401,831	$2,936,356 â–¼	-8.3%	333,833	0.5%	Finance
BF.B Brown-Forman	$30,702,392	$2,280,200 â–¼	-6.9%	1,152,060	0.5%	Consumer Staples
MLM Martin Marietta Materials	$30,107,703	$2,680,495 â–¼	-8.2%	52,207	0.5%	Construction
MBB iShares MBS ETF	$28,689,443	$2,779,453 â–¼	-8.8%	303,528	0.4%	ETF
iShares iBonds Dec 2035 Term T	$26,202,487	$5,936,666 â–²	29.3%	1,044,548	0.4%	COM
MORN Morningstar	$25,939,404	$1,764,741 â–¼	-6.4%	166,257	0.4%	Business Services
BRO Brown & Brown	$24,652,319	$24,550,641 â–²	24,145.6%	384,292	0.4%	Finance
iShares iBonds Dec 2034 Term T	$24,498,982	$1,165,750 â–²	5.0%	965,101	0.4%	COM
EXPD Expeditors International of Washington	$24,164,811	$2,026,487 â–¼	-7.7%	148,269	0.4%	Transportation
IBTO iShares iBonds Dec 2033 Term Treasury ETF	$23,852,424	$2,255,460 â–¼	-8.6%	988,431	0.4%	ETF
GD General Dynamics	$23,376,263	$1,737,190 â–¼	-6.9%	65,990	0.4%	Aerospace
ECL Ecolab	$23,286,433	$1,636,272 â–¼	-6.6%	83,581	0.4%	Basic Materials
TTC Toro	$22,761,783	$1,685,073 â–¼	-6.9%	233,646	0.4%	Consumer Discretionary
KEYS Keysight Technologies	$22,614,172	$40,224,793 â–¼	-64.0%	64,599	0.4%	Computer and Technology
DCI Donaldson	$22,199,413	$1,654,552 â–¼	-6.9%	247,292	0.3%	Industrials
STZ Constellation Brands	$22,193,993	$1,680,343 â–¼	-7.0%	159,566	0.3%	Consumer Staples
IBTL iShares iBonds Dec 2031 Term Treasury ETF	$22,178,799	$2,106,019 â–¼	-8.7%	1,098,504	0.3%	ETF
NJR NewJersey Resources	$21,721,597	$1,644,717 â–¼	-7.0%	387,609	0.3%	Utilities
SHW Sherwin-Williams	$21,436,014	$1,444,080 â–¼	-6.3%	62,256	0.3%	Basic Materials
RLI RLI	$21,280,167	$1,293,398 â–¼	-5.7%	360,253	0.3%	Finance
APH Amphenol	$20,979,826	$11,747,165 â–¼	-35.9%	118,987	0.3%	Computer and Technology
CRL Charles River Laboratories International	$20,781,222	$2,018,885 â–¼	-8.9%	91,632	0.3%	Medical
ATR AptarGroup	$20,149,062	$20,149,062 â–²	New Holding	160,935	0.3%	Industrials
SDY SPDR S&P Dividend ETF	$20,122,914	$20,113,174 â–²	206,510.9%	132,231	0.3%	ETF
EOG EOG Resources	$20,025,223	$1,467,763 â–¼	-6.8%	154,361	0.3%	Energy
AOS A. O. Smith	$19,569,440	$442,928 â–¼	-2.2%	312,013	0.3%	Industrials
RMD ResMed	$18,335,407	$1,122,309 â–¼	-5.8%	94,086	0.3%	Medical
MCD McDonald's	$17,800,782	$1,094,489 â–¼	-5.8%	65,853	0.3%	Retail/Wholesale
TREX Trex	$17,730,423	$1,817,253 â–¼	-9.3%	354,325	0.3%	Construction
IEUR iShares Core MSCI Europe ETF	$17,232,121	$890,464 â–²	5.4%	229,242	0.3%	ETF
PG Procter & Gamble	$17,129,945	$959,908 â–¼	-5.3%	116,816	0.3%	Consumer Staples
IBTM iShares iBonds Dec 2032 Term Treasury ETF	$16,700,047	$1,548,866 â–¼	-8.5%	735,847	0.3%	ETF
DLTR Dollar Tree	$16,224,656	$1,447,777 â–¼	-8.2%	134,143	0.3%	Retail/Wholesale
Global X Defense Tech ETF	$15,699,013	$8,338,203 â–²	113.3%	262,921	0.2%	COM
VVV Valvoline	$15,663,573	$1,400,270 â–¼	-8.2%	396,145	0.2%	Retail/Wholesale
MDT Medtronic	$15,273,652	$794,896 â–¼	-4.9%	195,240	0.2%	Medical
BDX Becton, Dickinson and Company	$13,604,871	$544,183 â–¼	-3.8%	89,902	0.2%	Medical
AVDV Avantis International Small Cap Value ETF	$12,953,179	$500,926 â–²	4.0%	125,698	0.2%	ETF
XLE Energy Select Sector SPDR Fund	$12,251,043	$12,251,043 â–²	New Holding	230,673	0.2%	ETF
NKE NIKE	$11,468,691	$121,960 â–¼	-1.1%	279,383	0.2%	Consumer Discretionary

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

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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