Confluence Investment Management LLC Top Holdings and 13F Report (2024)

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About Confluence Investment Management LLC

Investment Activity

Confluence Investment Management LLC has $7.44 billion in total holdings as of March 31, 2024.
Confluence Investment Management LLC owns shares of 299 different stocks, but just 59 companies or ETFs make up 80% of its holdings.
Approximately 10.81% of the portfolio was purchased this quarter.
About 10.38% of the portfolio was sold this quarter.
This quarter, Confluence Investment Management LLC has purchased 293 new stocks and bought additional shares in 92 stocks.
Confluence Investment Management LLC sold shares of 168 stocks and completely divested from 29 stocks this quarter.

Largest Holdings

Fastenal: $195,459,107
Progressive: $188,642,018
Microsoft: $175,715,656
Snap-on: $173,451,390
Linde plc: $171,607,061

Largest New Holdings this Quarter

United Parcel Service: $100,175,546 Holding
iShares 0-3 Month Treasury Bond ETF: $91,374,142 Holding
Constellation Brands: $38,977,993 Holding
iShares 1-3 Year Treasury Bond ETF: $25,625,845 Holding
ResMed: $25,577,753 Holding

Largest Purchases this Quarter

Clorox: 761,409 shares (about $116.58M)
WEC Energy Group: 1,330,256 shares (about $109.24M)
United Parcel Service: 673,993 shares (about $100.18M)
iShares 0-3 Month Treasury Bond ETF: 907,300 shares (about $91.37M)
Brown & Brown: 542,651 shares (about $47.50M)

Largest Sales this Quarter

Progressive: 351,755 shares (about $72.75M)
SPDR Portfolio Developed World ex-US ETF: 1,290,585 shares (about $46.25M)
Microsoft: 93,007 shares (about $39.13M)
Weyerhaeuser: 637,202 shares (about $22.88M)
SPDR S&P 400 Mid Cap Value ETF: 278,165 shares (about $21.14M)

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
FAST Fastenal	$195,459,107	$12,189,431 ▼	-5.9%	2,533,823	2.6%	Retail/Wholesale
PGR Progressive	$188,642,018	$72,749,988 ▼	-27.8%	912,107	2.5%	Financial Services
MSFT Microsoft	$175,715,656	$39,129,870 ▼	-18.2%	417,655	2.4%	Computer and Technology
SNA Snap-on	$173,451,390	$11,396,476 ▼	-6.2%	585,549	2.3%	Consumer Discretionary
Linde plc	$171,607,061	$16,857,134 ▼	-8.9%	369,588	2.3%	COM
PEP PepsiCo	$166,242,625	$4,991,458 ▼	-2.9%	949,904	2.2%	Consumer Staples
CB Chubb	$165,932,324	$9,639,635 ▼	-5.5%	640,344	2.2%	Finance
LMT Lockheed Martin	$151,402,333	$5,241,475 ▼	-3.3%	332,847	2.0%	Aerospace
HD Home Depot	$150,523,687	$6,236,178 ▼	-4.0%	392,398	2.0%	Retail/Wholesale
PAYX Paychex	$146,617,323	$6,398,372 ▼	-4.2%	1,193,952	2.0%	Business Services
BR Broadridge Financial Solutions	$144,033,283	$16,548,990 ▼	-10.3%	703,082	1.9%	Business Services
ADI Analog Devices	$138,799,561	$4,892,337 ▼	-3.4%	701,752	1.9%	Computer and Technology
CLX Clorox	$135,630,204	$116,579,338 ▲	611.9%	885,835	1.8%	Consumer Staples
FNF Fidelity National Financial	$135,347,213	$7,579,971 ▼	-5.3%	2,548,912	1.8%	Finance
CL Colgate-Palmolive	$130,622,267	$3,333,110 ▼	-2.5%	1,450,553	1.8%	Consumer Staples
TROW T. Rowe Price Group	$130,385,749	$3,428,146 ▼	-2.6%	1,069,437	1.8%	Finance
SO Southern	$128,412,977	$4,039,106 ▼	-3.0%	1,789,977	1.7%	Utilities
WEC WEC Energy Group	$127,944,523	$109,240,625 ▲	584.1%	1,558,019	1.7%	Utilities
DEO Diageo	$125,474,259	$838,299 ▼	-0.7%	843,581	1.7%	Consumer Staples
CVX Chevron	$123,680,979	$2,681,896 ▼	-2.1%	784,081	1.7%	Oils/Energy
NSRGY Nestlé	$111,099,673	$2,684,418 ▼	-2.4%	1,046,136	1.5%	Consumer Staples
PII Polaris	$108,889,535	$1,195,133 ▼	-1.1%	1,087,590	1.5%	Auto/Tires/Trucks
NTRS Northern Trust	$105,665,456	$421,926 ▼	-0.4%	1,188,320	1.4%	Finance
DOW DOW	$101,155,419	$2,061,034 ▼	-2.0%	1,746,166	1.4%	Basic Materials
UPS United Parcel Service	$100,175,546	$100,175,546 ▲	New Holding	673,993	1.3%	Transportation
CSCO Cisco Systems	$95,488,887	$3,090,826 ▼	-3.1%	1,913,222	1.3%	Computer and Technology
SYK Stryker	$93,369,324	$6,245,187 ▼	-6.3%	260,903	1.3%	Medical
ETR Entergy	$92,257,100	$1,366,549 ▼	-1.5%	872,985	1.2%	Utilities
USB U.S. Bancorp	$92,191,959	$937,448 ▼	-1.0%	2,062,460	1.2%	Finance
MA Mastercard	$92,128,312	$4,856,158 ▼	-5.0%	191,308	1.2%	Business Services
TJX TJX Companies	$91,424,852	$5,786,011 ▼	-6.0%	901,448	1.2%	Retail/Wholesale
SGOV iShares 0-3 Month Treasury Bond ETF	$91,374,142	$91,374,142 ▲	New Holding	907,300	1.2%	ETF
GILD Gilead Sciences	$91,269,089	$3,653,931 ▼	-3.8%	1,245,994	1.2%	Medical
BIPC Brookfield Infrastructure	$89,709,735	$1,414,498 ▼	-1.6%	2,489,171	1.2%	Utilities
KMI Kinder Morgan	$87,626,641	$1,905,177 ▼	-2.1%	4,777,898	1.2%	Oils/Energy
ARCC Ares Capital	$86,227,152	$3,160,601 ▼	-3.5%	4,141,554	1.2%	Finance
WRB W. R. Berkley	$82,705,998	$3,355,414 ▼	-3.9%	935,165	1.1%	Finance
WY Weyerhaeuser	$81,507,019	$22,881,926 ▼	-21.9%	2,269,758	1.1%	Construction
SPGI S&P Global	$80,778,198	$3,438,918 ▼	-4.1%	189,865	1.1%	Business Services
MAS Masco	$78,180,646	$5,099,828 ▼	-6.1%	991,134	1.1%	Construction
RYN Rayonier	$77,027,391	$18,422,374 ▼	-19.3%	2,317,310	1.0%	Construction
ORCL Oracle	$74,353,319	$1,744,848 ▼	-2.3%	591,938	1.0%	Computer and Technology
GGG Graco	$70,891,071	$19,455,562 ▼	-21.5%	758,518	1.0%	Industrial Products
BRK.B Berkshire Hathaway	$69,632,014	$4,281,748 ▼	-5.8%	165,585	0.9%	Finance
GOOG Alphabet	$66,695,653	$5,222,212 ▼	-7.3%	438,038	0.9%	Computer and Technology
ITW Illinois Tool Works	$65,746,561	$2,783,390 ▼	-4.1%	245,021	0.9%	Industrial Products
LOW Lowe's Companies	$64,107,239	$2,758,221 ▼	-4.1%	251,667	0.9%	Retail/Wholesale
SBUX Starbucks	$62,624,686	$1,183,500 ▼	-1.9%	685,247	0.8%	Retail/Wholesale
MKL Markel Group	$60,937,404	$2,875,626 ▼	-4.5%	40,051	0.8%	Multi-Sector Conglomerates
NXPI NXP Semiconductors	$56,109,745	$3,437,561 ▼	-5.8%	226,459	0.8%	Computer and Technology
SPMB SPDR Portfolio Mortgage Backed Bond ETF	$56,061,144	$5,669,637 ▲	11.3%	2,581,084	0.8%	ETF
BN Brookfield	$55,166,077	$2,401,538 ▼	-4.2%	1,317,556	0.7%	Finance
KEYS Keysight Technologies	$52,892,407	$1,434,317 ▼	-2.6%	338,230	0.7%	Computer and Technology
XMHQ Invesco S&P MidCap Quality ETF	$52,021,708	$16,515,415 ▲	46.5%	472,710	0.7%	ETF
TMO Thermo Fisher Scientific	$50,683,467	$1,277,505 ▼	-2.5%	87,203	0.7%	Medical
BRO Brown & Brown	$48,588,202	$47,503,669 ▲	4,380.1%	555,040	0.7%	Financial Services
BKNG Booking	$47,510,716	$4,371,595 ▼	-8.4%	13,096	0.6%	Retail/Wholesale
NDSN Nordson	$42,894,478	$1,065,217 ▼	-2.4%	156,241	0.6%	Industrial Products
STZ Constellation Brands	$38,977,993	$38,977,993 ▲	New Holding	143,428	0.5%	Consumer Staples
CALF Pacer US Small Cap Cash Cows 100 ETF	$38,770,624	$17,439,805 ▲	81.8%	788,662	0.5%	ETF
HYBB iShares BB Rated Corporate Bond ETF	$37,308,256	$14,527,495 ▲	63.8%	806,665	0.5%	ETF
MDYG SPDR S&P 400 Mid CapGrowth ETF	$37,185,425	$7,472,018 ▼	-16.7%	425,999	0.5%	ETF
HSY Hershey	$35,090,221	$14,480,172 ▲	70.3%	180,412	0.5%	Consumer Staples
IBTH iShares iBonds Dec 2027 Term Treasury ETF	$30,732,773	$937,324 ▼	-3.0%	1,386,858	0.4%	Manufacturing
APH Amphenol	$29,982,878	$1,498,279 ▼	-4.8%	259,930	0.4%	Computer and Technology
DNB Dun & Bradstreet	$29,736,015	$1,436,493 ▲	5.1%	2,961,755	0.4%	Business Services
SHW Sherwin-Williams	$29,232,943	$1,102,422 ▼	-3.6%	84,165	0.4%	Construction
GTES Gates Industrial	$28,390,458	$3,122,645 ▲	12.4%	1,603,075	0.4%	Construction
VNT Vontier	$27,770,490	$16,882,680 ▲	155.1%	612,224	0.4%	Business Services
ECL Ecolab	$27,416,852	$776,055 ▼	-2.8%	118,739	0.4%	Basic Materials
GLDM SPDR Gold MiniShares Trust	$27,117,312	$2,486,094 ▼	-8.4%	615,603	0.4%	Finance
CRL Charles River Laboratories International	$26,270,499	$932,610 ▼	-3.4%	96,957	0.4%	Medical
SHY iShares 1-3 Year Treasury Bond ETF	$25,625,845	$25,625,845 ▲	New Holding	313,351	0.3%	Manufacturing
RMD ResMed	$25,577,753	$25,577,753 ▲	New Holding	129,161	0.3%	Medical
GD General Dynamics	$25,218,975	$761,592 ▼	-2.9%	89,274	0.3%	Aerospace
DCI Donaldson	$25,017,801	$484,225 ▼	-1.9%	335,000	0.3%	Industrial Products
MDYV SPDR S&P 400 Mid Cap Value ETF	$24,783,528	$21,140,543 ▼	-46.0%	326,099	0.3%	ETF
EOG EOG Resources	$24,535,775	$294,799 ▼	-1.2%	191,926	0.3%	Oils/Energy
MCD McDonald's	$23,559,701	$476,213 ▼	-2.0%	83,560	0.3%	Retail/Wholesale
PG Procter & Gamble	$23,187,475	$317,361 ▼	-1.4%	142,912	0.3%	Consumer Staples
EXPD Expeditors International of Washington	$23,177,506	$552,534 ▼	-2.3%	190,652	0.3%	Transportation
MLM Martin Marietta Materials	$22,282,338	$22,282,338 ▲	New Holding	36,294	0.3%	Construction
ROK Rockwell Automation	$22,218,322	$241,222 ▼	-1.1%	76,265	0.3%	Industrial Products
SLYG SPDR S&P 600 Small Cap Growth ETF	$21,147,577	$10,422,837 ▲	97.2%	242,435	0.3%	ETF
MORN Morningstar	$20,985,846	$1,912,205 ▼	-8.4%	68,054	0.3%	Business Services
TTC Toro	$20,687,559	$7,256,081 ▲	54.0%	225,773	0.3%	Consumer Discretionary
IBDR iShares iBonds Dec 2026 Term Corporate ETF	$20,164,961	$850,849 ▼	-4.0%	845,491	0.3%	ETF
BDX Becton, Dickinson and Company	$19,746,168	$104,423 ▲	0.5%	79,799	0.3%	Medical
IBTG iShares iBonds Dec 2026 Term Treasury ETF	$19,711,574	$847,764 ▼	-4.1%	867,969	0.3%	Manufacturing
APD Air Products and Chemicals	$19,480,595	$312,769 ▲	1.6%	80,409	0.3%	Basic Materials
NJR New Jersey Resources	$19,337,242	$71,617 ▲	0.4%	450,647	0.3%	Utilities
CLVT Clarivate	$18,389,265	$7,665,524 ▼	-29.4%	2,475,002	0.2%	Computer and Technology
MBB iShares MBS ETF	$18,271,405	$18,271,405 ▲	New Holding	197,700	0.2%	ETF
MDT Medtronic	$18,214,394	$229,814 ▲	1.3%	209,001	0.2%	Medical
AWK American Water Works	$17,489,213	$355,509 ▲	2.1%	143,108	0.2%	Utilities
SPYV SPDR Portfolio S&P 500 Value ETF	$17,222,369	$2,791,070 ▲	19.3%	343,760	0.2%	ETF
DLTR Dollar Tree	$17,180,677	$109,050 ▼	-0.6%	129,032	0.2%	Retail/Wholesale
NKE NIKE	$16,380,707	$199,801 ▲	1.2%	174,300	0.2%	Consumer Discretionary
SPY SPDR S&P 500 ETF Trust	$14,633,435	$954,082 ▼	-6.1%	27,976	0.2%	Finance
AZEK AZEK	$13,794,053	$4,456,732 ▼	-24.4%	274,672	0.2%	Construction

Showing largest 100 holdings. View all holdings.

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Confluence Investment Management LLC Top Holdings and 13F Report (2024)

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

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Confluence Investment Management LLC Top Holdings and 13F Report (2024)

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