Holders — by stockHoldings — by fund
CONFLUENCE INVESTMENT MANAGEMENT LLC
Everything this manager disclosed owning in US-listed stocks — its complete Form 13F portfolio · as of 2026-06-30 · filed with the SEC up to 45 days after quarter end · CIK 0001442056
$6.40B
disclosed book value
290
positions
4.4%
largest position share
Positions, as of 2026-06-30
top 100 of 290 · 13F covers long US-listed positions only — cash, bonds, private and foreign stakes are not disclosed · PUT/CALL tags = options positions (share-equivalents), not shares held
| # | Issuer | Shares | Value | % of book |
|---|---|---|---|---|
| 1 | SGOViShares 0-3 Month Treasury Bon | 2.8M | $280.7M | 4.4% |
| 2 | SNASnap-on Inc. | 417,132 | $167.9M | 2.6% |
| 3 | Chubb Ltd. | 460,772 | $157.0M | 2.5% |
| 4 | Linde plc | 270,727 | $140.5M | 2.2% |
| 5 | WECWEC Energy Group Inc. | 1.2M | $139.1M | 2.2% |
| 6 | FASTFastenal Co. | 2.8M | $135.9M | 2.1% |
| 7 | ETREntergy Corp. | 1.2M | $132.8M | 2.1% |
| 8 | LMTLockheed Martin Corp. | 258,577 | $131.7M | 2.1% |
| 9 | SOSouthern Co. | 1.4M | $131.2M | 2% |
| 10 | SWKStanley Black & Decker Inc. | 1.3M | $126.4M | 2% |
| 11 | CVXChevron Corp. | 742,863 | $123.1M | 1.9% |
| 12 | PGRProgressive Corp. | 557,408 | $121.8M | 1.9% |
| 13 | CLXClorox Co. | 1.2M | $119.1M | 1.9% |
| 14 | MDLZMondelez International Inc. | 2.0M | $118.2M | 1.8% |
| 15 | ADIAnalog Devices Inc. | 293,390 | $116.5M | 1.8% |
| 16 | HSYHershey Co. | 663,243 | $116.4M | 1.8% |
| 17 | NTRSNorthern Trust Corp. | 660,416 | $114.8M | 1.8% |
| 18 | CLColgate-Palmolive Co. | 1.2M | $110.9M | 1.7% |
| 19 | HDHome Depot Inc. | 311,263 | $109.8M | 1.7% |
| 20 | KMIKinder Morgan Inc. | 3.4M | $107.7M | 1.7% |
| 21 | TROWT. Rowe Price Group Inc. | 936,409 | $106.5M | 1.7% |
| 22 | GILDGilead Sciences Inc. | 832,632 | $105.2M | 1.6% |
| 23 | USBU.S. Bancorp | 1.7M | $104.8M | 1.6% |
| 24 | AWKAmerican Water Works Co. Inc. | 780,309 | $102.7M | 1.6% |
| 25 | CSCOCisco Systems Inc. | 841,787 | $98.9M | 1.5% |
| 26 | PAYXPaychex Inc. | 952,424 | $93.7M | 1.5% |
| 27 | FNFFidelity National Financial In | 1.9M | $90.0M | 1.4% |
| 28 | NDSNNordson Corp. | 281,120 | $84.8M | 1.3% |
| 29 | SPMBSPDR Portfolio Mortgage Backed | 3.4M | $75.2M | 1.2% |
| 30 | SPDWSPDR Portfolio Developed World | 1.5M | $74.7M | 1.2% |
| 31 | WRBW. R. Berkley Corp. | 1.0M | $72.8M | 1.1% |
| 32 | BRBroadridge Financial Solutions | 523,341 | $71.7M | 1.1% |
| 33 | MAMastercard Inc. | 136,514 | $70.1M | 1.1% |
| 34 | SPYGSPDR Portfolio S&P 500 Growth | 573,244 | $68.2M | 1.1% |
| 35 | SYKStryker Corp. | 212,000 | $66.7M | 1% |
| 36 | SPYVSPDR Portfolio S&P 500 Value E | 1.0M | $63.6M | 1% |
| 37 | MASMasco Corp. | 768,680 | $62.5M | 1% |
| 38 | DEODiageo plc | 776,936 | $62.5M | 1% |
| 39 | ARCCAres Capital Corp. | 3.4M | $62.4M | 1% |
| 40 | TJXTJX Co. Inc. | 406,868 | $61.6M | 1% |
| 41 | APDAir Products and Chemicals Inc | 202,897 | $59.5M | 0.9% |
| 42 | SPGIS&P Global Inc. | 141,186 | $57.5M | 0.9% |
| 43 | HONHoneywell International Inc. | 240,572 | $53.9M | 0.8% |
| 44 | MSFTMicrosoft Corp. | 142,894 | $53.3M | 0.8% |
| 45 | HONAHoneywell Aerospace Inc. | 241,062 | $53.3M | 0.8% |
| 46 | ITWIllinois Tool Works Inc. | 193,034 | $52.2M | 0.8% |
| 47 | DOWDow Inc. | 1.9M | $50.6M | 0.8% |
| 48 | PAYCPaycom Software Inc. | 374,387 | $47.1M | 0.7% |
| 49 | TMOThermo Fisher Scientific Inc. | 92,781 | $46.5M | 0.7% |
| 50 | BRK/BBerkshire Hathaway Inc. - B | 86,570 | $43.3M | 0.7% |
| 51 | Accenture plc | 341,854 | $42.5M | 0.7% |
| 52 | NXP Semiconductors N.V. | 151,365 | $42.5M | 0.7% |
| 53 | LOWLowe's Co. Inc. | 192,103 | $42.4M | 0.7% |
| 54 | GGGGraco Inc. | 549,102 | $41.5M | 0.6% |
| 55 | GLDMSPDR Gold MiniShares Trust ETF | 522,617 | $41.5M | 0.6% |
| 56 | GOOGAlphabet Inc. | 115,450 | $40.8M | 0.6% |
| 57 | BKNGBooking Holdings Inc. | 194,765 | $34.7M | 0.5% |
| 58 | CARRCarrier Global Corp. | 472,778 | $34.7M | 0.5% |
| 59 | TLHiShares Barclays 10-20 Year Tr | 335,581 | $33.7M | 0.5% |
| 60 | ZTSZoetis Inc. | 465,449 | $33.4M | 0.5% |
| 61 | Arch Capital Group Ltd. | 333,833 | $32.4M | 0.5% |
| 62 | BF/BBrown-Forman Corp. - B | 1.2M | $30.7M | 0.5% |
| 63 | MLMMartin Marietta Materials Inc. | 52,207 | $30.1M | 0.5% |
| 64 | MBBiShares MBS ETF | 303,528 | $28.7M | 0.4% |
| 65 | IBTQiShares iBonds Dec 2035 Term T | 1.0M | $26.2M | 0.4% |
| 66 | MORNMorningstar Inc. | 166,257 | $25.9M | 0.4% |
| 67 | BROBrown & Brown Inc. | 384,292 | $24.7M | 0.4% |
| 68 | IBTPiShares iBonds Dec 2034 Term T | 965,101 | $24.5M | 0.4% |
| 69 | EXPDExpeditors International of Wa | 148,269 | $24.2M | 0.4% |
| 70 | IBTOiShares iBonds Dec 2033 Term T | 988,431 | $23.9M | 0.4% |
| 71 | GDGeneral Dynamics Corp. | 65,990 | $23.4M | 0.4% |
| 72 | ECLEcolab Inc. | 83,581 | $23.3M | 0.4% |
| 73 | TTCToro Co. | 233,646 | $22.8M | 0.4% |
| 74 | KEYSKeysight Technologies Inc. | 64,599 | $22.6M | 0.4% |
| 75 | DCIDonaldson Co. Inc. | 247,292 | $22.2M | 0.3% |
| 76 | STZConstellation Brands | 159,566 | $22.2M | 0.3% |
| 77 | IBTLiShares iBonds Dec 2031 Term T | 1.1M | $22.2M | 0.3% |
| 78 | NJRNew Jersey Resources Corp. | 387,609 | $21.7M | 0.3% |
| 79 | SHWSherwin-Williams Co. | 62,256 | $21.4M | 0.3% |
| 80 | RLIRLI Corp. | 360,253 | $21.3M | 0.3% |
| 81 | APHAmphenol Corp. | 118,987 | $21.0M | 0.3% |
| 82 | CRLCharles River Laboratories Int | 91,632 | $20.8M | 0.3% |
| 83 | ATRAptarGroup Inc. | 160,935 | $20.1M | 0.3% |
| 84 | SDYSPDR S&P Dividend ETF | 132,231 | $20.1M | 0.3% |
| 85 | EOGEOG Resources Inc. | 154,361 | $20.0M | 0.3% |
| 86 | AOSA. O. Smith Corp. | 312,013 | $19.6M | 0.3% |
| 87 | RMDResMed Inc. | 94,086 | $18.3M | 0.3% |
| 88 | MCDMcDonald's Corp. | 65,853 | $17.8M | 0.3% |
| 89 | TREXTrex Company Inc. | 354,325 | $17.7M | 0.3% |
| 90 | IEURiShares Core MSCI Europe ETF | 229,242 | $17.2M | 0.3% |
| 91 | PGProcter & Gamble Co. | 116,816 | $17.1M | 0.3% |
| 92 | IBTMiShares iBonds Dec 2032 Term T | 735,847 | $16.7M | 0.3% |
| 93 | DLTRDollar Tree Inc. | 134,143 | $16.2M | 0.3% |
| 94 | SHLDGlobal X Defense Tech ETF | 262,921 | $15.7M | 0.2% |
| 95 | VVVValvoline Inc. | 396,145 | $15.7M | 0.2% |
| 96 | Medtronic plc | 195,240 | $15.3M | 0.2% |
| 97 | BDXBecton Dickinson & Co. | 89,902 | $13.6M | 0.2% |
| 98 | AVDVAvantis International Small Ca | 125,698 | $13.0M | 0.2% |
| 99 | XLEState Street Energy Select Sec | 230,673 | $12.3M | 0.2% |
| 100 | NKENIKE Inc. | 279,383 | $11.5M | 0.2% |
Source: SEC Form 13F-HR, reporting period 2026-06-30. Values are the manager's filed June-30-style quarter-end marks, not live prices. Research, not investment advice.