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

About Confluence Investment Management LLC

Investment Activity

Confluence Investment Management LLC has $6.44 billion in total holdings as of June 30, 2025.
Confluence Investment Management LLC owns shares of 295 different stocks, but just 56 companies or ETFs make up 80% of its holdings.
Approximately 8.16% of the portfolio was purchased this quarter.
About 9.57% of the portfolio was sold this quarter.
This quarter, Confluence Investment Management LLC has purchased 307 new stocks and bought additional shares in 137 stocks.
Confluence Investment Management LLC sold shares of 132 stocks and completely divested from 31 stocks this quarter.

Largest Holdings

iShares 0-3 Month Treasury Bond ETF: $176,508,734
Analog Devices: $171,999,165
Lockheed Martin: $162,968,034
Chevron: $159,777,005
Snap-On: $158,326,022

Largest New Holdings this Quarter

89531P105 - Trex: $14,227,145 Holding
46434G848 - iShares MSCI Global Metals & Mining Producers ETF: $8,139,962 Holding
92189F106 - VanEck Gold Miners ETF: $5,844,923 Holding
46138J353 - Invesco BulletShares 2035 Muni: $5,607,176 Holding
46138J478 - Invesco BulletShares 2029 Municipal Bond ETF: $2,403,178 Holding

Largest Purchases this Quarter

S&P Global: 133,553 shares (about $56.81M)
SPDR Portfolio S&P 500 Growth ETF: 527,310 shares (about $51.63M)
Lowe's Companies: 208,563 shares (about $49.28M)
SPDR Portfolio S&P 500 Value ETF: 789,455 shares (about $44.67M)
Brown & Brown: 401,760 shares (about $26.20M)

Largest Sales this Quarter

iShares Russell 1000 Value ETF: 550,510 shares (about $117.63M)
Northern Trust: 422,843 shares (about $59.02M)
Keysight Technologies: 154,834 shares (about $43.72M)
iShares 0-3 Month Treasury Bond ETF: 337,728 shares (about $34.00M)
TJX Companies: 131,444 shares (about $20.99M)

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	$176,508,734	$33,995,703 ▼	-16.1%	1,753,514	2.7%	ETF
ADI Analog Devices	$171,999,165	$14,392,332 ▼	-7.7%	540,640	2.7%	Computer and Technology
LMT Lockheed Martin	$162,968,034	$9,421,249 ▼	-5.5%	269,640	2.5%	Aerospace
CVX Chevron	$159,777,005	$6,042,926 ▼	-3.6%	772,243	2.5%	Energy
SNA Snap-On	$158,326,022	$12,136,260 ▼	-7.1%	435,896	2.5%	Consumer Discretionary
CB Chubb	$157,112,341	$9,444,804 ▼	-5.7%	482,043	2.4%	Finance
HSY Hershey	$143,516,523	$1,572,686 ▼	-1.1%	690,349	2.2%	Consumer Staples
WEC WEC Energy Group	$143,209,371	$10,466,073 ▼	-6.8%	1,237,016	2.2%	Utilities
Linde plc	$140,335,595	$7,065,067 ▼	-4.8%	283,072	2.2%	COM
ETR Entergy	$138,122,664	$6,567,104 ▼	-4.5%	1,229,287	2.1%	Utilities
FAST Fastenal	$137,655,909	$5,864,682 ▼	-4.1%	2,966,722	2.1%	Retail/Wholesale
SO Southern	$137,239,003	$6,148,807 ▼	-4.3%	1,421,871	2.1%	Utilities
MDLZ Mondelez International	$121,785,025	$21,373,201 ▲	21.3%	2,112,856	1.9%	Consumer Staples
GILD Gilead Sciences	$120,000,813	$6,802,931 ▼	-5.4%	861,023	1.9%	Medical
CSCO Cisco Systems	$119,561,996	$5,986,456 ▼	-4.8%	1,540,946	1.9%	Computer and Technology
KMI Kinder Morgan	$116,986,371	$4,963,412 ▼	-4.1%	3,489,006	1.8%	Energy
PGR Progressive	$115,030,514	$3,488,825 ▼	-2.9%	580,259	1.8%	Finance
HON Honeywell International	$112,983,728	$3,911,446 ▼	-3.3%	499,862	1.8%	Multi-Sector Conglomerates
AWK American Water Works	$110,227,194	$2,308,767 ▲	2.1%	809,958	1.7%	Utilities
CL Colgate-Palmolive	$106,545,167	$3,115,497 ▼	-2.8%	1,250,090	1.7%	Consumer Staples
HD Home Depot	$105,219,329	$3,891,421 ▼	-3.6%	319,923	1.6%	Retail/Wholesale
DEO Diageo	$100,763,191	$18,993,243 ▲	23.2%	1,353,434	1.6%	Consumer Staples
CLX Clorox	$96,642,765	$16,205,559 ▲	20.1%	932,575	1.5%	Consumer Staples
NTRS Northern Trust	$94,943,881	$59,016,193 ▼	-38.3%	680,260	1.5%	Finance
USB U.S. Bancorp	$92,806,795	$3,230,289 ▼	-3.4%	1,784,403	1.4%	Finance
FNF Fidelity National Financial	$90,765,974	$3,887,525 ▼	-4.1%	1,957,007	1.4%	Finance
PAYX Paychex	$89,338,783	$1,607,494 ▼	-1.8%	969,809	1.4%	Computer and Technology
BR Broadridge Financial Solutions	$86,828,152	$3,594,382 ▼	-4.0%	534,393	1.3%	Computer and Technology
TROW T. Rowe Price Group	$86,819,854	$1,757,279 ▲	2.1%	963,167	1.3%	Finance
SPMB SPDR Portfolio Mortgage Backed Bond ETF	$86,279,719	$9,102,096 ▼	-9.5%	3,853,493	1.3%	ETF
NDSN Nordson	$82,017,605	$5,428,162 ▼	-6.2%	308,267	1.3%	Industrials
DOW DOW	$77,899,987	$11,692,612 ▲	17.7%	1,870,348	1.2%	Basic Materials
WRB W.R. Berkley	$73,796,134	$4,514,065 ▼	-5.8%	1,113,400	1.1%	Finance
MA Mastercard	$73,216,992	$4,429,475 ▼	-5.7%	146,534	1.1%	Business Services
SPDW SPDR Portfolio Developed World ex-US ETF	$72,697,305	$2,044,618 ▼	-2.7%	1,592,493	1.1%	ETF
TJX TJX Companies	$71,310,208	$20,991,609 ▼	-22.7%	446,526	1.1%	Retail/Wholesale
SYK Stryker	$68,366,170	$3,689,412 ▼	-5.1%	208,059	1.1%	Medical
ACN Accenture	$67,579,656	$1,708,468 ▲	2.6%	340,812	1.0%	Computer and Technology
APD Air Products and Chemicals	$63,177,853	$7,897,849 ▲	14.3%	217,487	1.0%	Basic Materials
ARCC Ares Capital	$61,903,907	$1,936,844 ▼	-3.0%	3,435,289	1.0%	Finance
SPGI S&P Global	$56,955,896	$56,805,326 ▲	37,726.8%	133,907	0.9%	Finance
MSFT Microsoft	$55,011,330	$2,260,628 ▼	-3.9%	148,611	0.9%	Computer and Technology
ITW Illinois Tool Works	$53,921,447	$2,278,059 ▼	-4.1%	207,159	0.8%	Industrials
SPYG SPDR Portfolio S&P 500 Growth ETF	$51,678,840	$51,628,906 ▲	103,394.1%	527,820	0.8%	ETF
KEYS Keysight Technologies	$50,686,544	$43,720,476 ▼	-46.3%	179,504	0.8%	Computer and Technology
MAS Masco	$50,022,836	$2,062,783 ▼	-4.0%	828,604	0.8%	Construction
GOOG Alphabet	$49,592,248	$2,776,528 ▼	-5.3%	172,879	0.8%	Computer and Technology
GGG Graco	$49,580,705	$3,153,637 ▼	-6.0%	585,714	0.8%	Industrials
PAYC Paycom Software	$49,557,568	$10,750,942 ▲	27.7%	407,747	0.8%	Computer and Technology
LOW Lowe's Companies	$49,453,869	$49,279,258 ▲	28,222.3%	209,302	0.8%	Retail/Wholesale
SPYV SPDR Portfolio S&P 500 Value ETF	$44,697,596	$44,667,382 ▲	147,838.0%	789,989	0.7%	ETF
BRK.B Berkshire Hathaway	$44,690,911	$2,123,347 ▼	-4.5%	93,261	0.7%	Finance
TMO Thermo Fisher Scientific	$44,312,059	$2,414,894 ▼	-5.2%	90,151	0.7%	Medical
NXPI NXP Semiconductors	$43,274,721	$1,652,843 ▼	-3.7%	219,824	0.7%	Computer and Technology
ACGL Arch Capital Group	$34,948,615	$417,844 ▲	1.2%	364,086	0.5%	Finance
MLM Martin Marietta Materials	$33,469,417	$1,650,071 ▼	-4.7%	56,855	0.5%	Construction
BF.B Brown-Forman	$32,722,692	$1,132,028 ▲	3.6%	1,237,621	0.5%	Consumer Staples
MBB iShares MBS ETF	$31,612,060	$1,116,231 ▼	-3.4%	332,934	0.5%	ETF
GLDM SPDR Gold MiniShares Trust	$30,863,360	$4,433,919 ▼	-12.6%	332,974	0.5%	Finance
MORN Morningstar	$30,017,821	$18,009,712 ▲	150.0%	177,568	0.5%	Business Services
CARR Carrier Global	$28,782,102	$16,915,792 ▲	142.6%	511,137	0.4%	Construction
SBUX Starbucks	$28,232,502	$656,155 ▼	-2.3%	315,131	0.4%	Retail/Wholesale
IBTO iShares iBonds Dec 2033 Term Treasury ETF	$26,387,229	$10,844,852 ▲	69.8%	1,081,896	0.4%	ETF
BRO Brown & Brown	$26,283,532	$26,198,759 ▲	30,904.6%	403,060	0.4%	Finance
BKNG Booking	$25,864,451	$964,180 ▼	-3.6%	6,143	0.4%	Retail/Wholesale
STZ Constellation Brands	$25,746,996	$9,435,430 ▲	57.8%	171,647	0.4%	Consumer Staples
IBTL iShares iBonds Dec 2031 Term Treasury ETF	$24,536,085	$14,955,190 ▲	156.1%	1,202,814	0.4%	ETF
GD General Dynamics	$24,332,167	$1,902,463 ▼	-7.3%	70,894	0.4%	Aerospace
EOG EOG Resources	$23,951,634	$275,117 ▲	1.2%	165,675	0.4%	Energy
ECL Ecolab	$23,796,559	$2,352,149 ▼	-9.0%	89,454	0.4%	Basic Materials
iShares iBonds Dec 2034 Term T	$23,558,521	$5,202,964 ▲	28.3%	919,178	0.4%	COM
APH Amphenol	$23,451,905	$1,727,201 ▼	-6.9%	185,611	0.4%	Computer and Technology
TTC Toro	$23,448,152	$900,202 ▲	4.0%	250,943	0.4%	Consumer Discretionary
EXPD Expeditors International of Washington	$23,017,480	$1,571,519 ▼	-6.4%	160,703	0.4%	Transportation
NJR NewJersey Resources	$22,899,346	$1,193,247 ▼	-5.0%	416,958	0.4%	Utilities
DCI Donaldson	$22,551,913	$2,177,680 ▼	-8.8%	265,723	0.4%	Industrials
RMD ResMed	$22,413,122	$1,470,563 ▼	-6.2%	99,845	0.3%	Medical
RLI RLI	$21,797,791	$20,524,715 ▲	1,612.2%	382,149	0.3%	Finance
MCD McDonald's	$21,724,868	$1,207,731 ▼	-5.3%	69,902	0.3%	Retail/Wholesale
SHW Sherwin-Williams	$21,300,624	$1,237,969 ▼	-5.5%	66,450	0.3%	Basic Materials
AOS A. O. Smith	$21,039,789	$1,623,705 ▲	8.4%	319,075	0.3%	Industrials
TLH iShares 10-20 Year Treasury Bond ETF	$20,735,025	$3,690,179 ▼	-15.1%	205,868	0.3%	ETF
iShares iBonds Dec 2035 Term T	$20,442,424	$670,191 ▼	-3.2%	807,886	0.3%	COM
IBTM iShares iBonds Dec 2032 Term Treasury ETF	$18,438,196	$9,330,700 ▲	102.5%	804,094	0.3%	ETF
PG Procter & Gamble	$17,818,353	$714,254 ▼	-3.9%	123,362	0.3%	Consumer Staples
MDT Medtronic	$17,797,958	$841,890 ▼	-4.5%	205,401	0.3%	Medical
CRL Charles River Laboratories International	$17,342,115	$878,370 ▼	-4.8%	100,534	0.3%	Medical
ZTS Zoetis	$16,769,611	$2,045,977 ▲	13.9%	141,863	0.3%	Medical
HYBB iShares BB Rated Corporate Bond ETF	$16,291,212	$3,862,482 ▼	-19.2%	350,424	0.3%	ETF
DLTR Dollar Tree	$16,000,889	$9,846,078 ▼	-38.1%	146,113	0.2%	Retail/Wholesale
IEUR iShares Core MSCI Europe ETF	$15,276,417	$190,291 ▼	-1.2%	217,396	0.2%	ETF
NKE NIKE	$14,913,954	$859,541 ▲	6.1%	282,354	0.2%	Consumer Discretionary
IEI iShares 3-7 Year Treasury Bond ETF	$14,880,268	$21,467 ▼	-0.1%	125,466	0.2%	ETF
BDX Becton, Dickinson and Company	$14,700,755	$2,917,887 ▲	24.8%	93,498	0.2%	Medical
VVV Valvoline	$14,534,907	$930,141 ▲	6.8%	431,559	0.2%	Retail/Wholesale
TREX Trex	$14,227,145	$14,227,145 ▲	New Holding	390,641	0.2%	Construction
BRP The Baldwin Insurance Group	$14,011,696	$1,297,400 ▲	10.2%	638,637	0.2%	Finance
VNT Vontier	$13,630,925	$1,208,252 ▼	-8.1%	384,294	0.2%	Business Services
AVDV Avantis International Small Cap Value ETF	$12,066,783	$356,700 ▼	-2.9%	120,837	0.2%	ETF
DIS Walt Disney	$11,869,796	$230,734 ▼	-1.9%	123,156	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

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