CONFLUENCE INVESTMENT MANAGEMENT LLC
Sector Allocation
- Financials17.3%$1.0B
- Other16.4%$977.2M
- Industrials15.1%$902.8M
- Technology10.9%$650.0M
- Consumer Staples8.2%$491.2M
- Healthcare7.4%$443.2M
- Utilities7.2%$431.1M
- Consumer Discretionary7.2%$430.3M
- Energy5.3%$315.2M
- Materials4.7%$277.7M
AUM History
13fpro.ai/research/fund/confluence-investment-management-llc-1442056
Conviction and streaks
Diversifying · top 10 = 22.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
- iShares$216.7M
CVX
$144.4MCB
$141.1MZTS
$130.2MLMT
$125.6MLIN
$122.6MGILD
$117.9MSWK
$115.4MWEC
$115.0MMDLZ
$113.7MADI
$112.0MPGR
$111.4METR
$110.6MSNA
$110.0MSO
$109.0MNTRS
$106.6MCL
$99.1MHSY
$98.5MKMI
$98.4MWSO
$97.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/confluence-investment-management-llc-1442056
CONFLUENCE INVESTMENT MANAGEMENT LLC 13F holdings — Q3 2026
$6.0B portfolio (-6.8% QoQ) · 294 holdings · Q3 2026 13F · top 10 are 23% of the stock portfolio
- 1
iShares 0-3 Month Treasury Bon - COM
$216.7M
3.6% of stocks
-23%This quarter—Since filed—HeldAIQuality—Est. buy— $144.4M
2.4% of stocks
-5%This quarter+12.0%Since filed11+ qtrsHeldAIQuality63.7#593Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 5 qtrs in a row$141.1M
2.4% of stocks
-6%This quarter+7.7%Since filed11+ qtrsHeld$130.2M
2.2% of stocks
+300%This quarter+17.2%Since filed7 qtrsHeld$125.6M
2.1% of stocks
-5%This quarter+25.7%Since filed11+ qtrsHeldAIQuality65.0#499Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$122.6M
2.0% of stocks
-5%This quarter+8.1%Since filed11+ qtrsHeld$117.9M
2.0% of stocks
-5%This quarter+7.6%Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 8 qtrs in a row$115.4M
1.9% of stocks
-3%This quarter+10.9%Since filed2 qtrsHeld$115.0M
1.9% of stocks
-4%This quarter+9.2%Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 10 qtrs in a row$113.7M
1.9% of stocks
-4%This quarter+9.0%Since filed6 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
All holdings — CONFLUENCE INVESTMENT MANAGEMENT LLC (Q3 2026)
294 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | ANALOG DEVICES INC | Technology | $112.0M | 1.9% | 282K | -4% | 11+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | PROGRESSIVE CORP/OH/ | Financials | $111.4M | 1.9% | 537K | -4% | 11+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | ENTERGY CORP /DE/ | Utilities | $110.6M | 1.9% | 1.11M | -4% | 11+ qtrsTrimmed 10 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Snap-on Inc | Industrials | $110.0M | 1.8% | 303K | -27% | 11+ qtrsTrimmed 10 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | SOUTHERN CO | Utilities | $109.0M | 1.8% | 1.32M | -4% | 11+ qtrsTrimmed 10 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | NORTHERN TRUST CORP | Financials | $106.6M | 1.8% | 630K | -5% | 11+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | COLGATE PALMOLIVE CO | Consumer Staples | $99.1M | 1.7% | 1.16M | -4% | 11+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | HERSHEY CO | Consumer Staples | $98.5M | 1.6% | 625K | -6% | 11+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | KINDER MORGAN, INC. | Energy | $98.4M | 1.6% | 3.26M | -3% | 11+ qtrsTrimmed 10 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | WATSCO INC | Consumer Discretionary | $97.0M | 1.6% | 320K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | US BANCORP \DE\ | Financials | $97.0M | 1.6% | 1.68M | -3% | 11+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | American Water Works Company, Inc. | Utilities | $96.5M | 1.6% | 745K | -4% | 11+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | NIKE, Inc. | Consumer Discretionary | $96.3M | 1.6% | 2.72M | +874% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | CLOROX CO /DE/ | Consumer Staples | $94.8M | 1.6% | 1.17M | -6% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | PRICE T ROWE GROUP INC | Financials | $93.1M | 1.6% | 895K | -4% | 11+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $PAYX | PAYCHEX INC | Technology | $89.9M | 1.5% | 913K | -4% | |||
| 27 | $CSCO | CISCO SYSTEMS, INC. | Technology | $88.3M | 1.5% | 821K | -3% | |||
| 28 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $85.3M | 1.4% | 300K | -4% | |||
| 29 | $NDSN | NORDSON CORP | Industrials | $83.8M | 1.4% | 256K | -9% | |||
| 30 | $BR | BROADRIDGE FINANCIAL SOLUTIONS, INC. | Industrials | $81.8M | 1.4% | 508K | -3% | |||
| 31 | $PAYC | Paycom Software, Inc. | Technology | $72.0M | 1.2% | 331K | -12% | |||
| 32 | $FNF | Fidelity National Financial, Inc. | Financials | $71.8M | 1.2% | 1.86M | -3% | |||
| 33 | — | SPDR Portfolio Developed World - COM | — | $71.3M | 1.2% | 1.42M | -4% | |||
| 34 | $MSFT | MICROSOFT CORP | Technology | $69.8M | 1.2% | 136K | -5% | |||
| 35 | — | SPDR Portfolio Mortgage Backed - COM | — | $69.8M | 1.2% | 3.30M | -2% | |||
| 36 | $MA | Mastercard Inc | Financials | $69.0M | 1.2% | 125K | -8% | |||
| 37 | $HONA | Honeywell Aerospace Inc. | Industrials | $66.1M | 1.1% | 427K | +77% | |||
| 38 | $WRB | BERKLEY W R CORP | Financials | $63.9M | 1.1% | 946K | -8% | |||
| 39 | — | SPDR Portfolio S&P 500 Value E - COM | — | $62.9M | 1.1% | 1.03M | -2% | |||
| 40 | — | SPDR Portfolio S&P 500 Growth - COM | — | $62.9M | 1.1% | 511K | -11% | |||
| 41 | $ARCC | ARES CAPITAL CORP | Other | $62.6M | 1.1% | 3.28M | -3% | |||
| 42 | $ACN | Accenture plc | Technology | $61.0M | 1.0% | 333K | -3% | |||
| 43 | $TMO | THERMO FISHER SCIENTIFIC INC. | Healthcare | $57.9M | 1.0% | 86K | -8% | |||
| 44 | $SYK | STRYKER CORP | Healthcare | $54.0M | 0.9% | 196K | -7% | |||
| 45 | $APD | Air Products & Chemicals, Inc. | Materials | $52.4M | 0.9% | 188K | -7% | |||
| 46 | $SPGI | S&P Global Inc. | Financials | $51.9M | 0.9% | 132K | -7% | |||
| 47 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $49.4M | 0.8% | 374K | -8% | |||
| 48 | $MAS | MASCO CORP /DE/ | Industrials | $47.7M | 0.8% | 707K | -8% | |||
| 49 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $47.0M | 0.8% | 223K | -7% | |||
| 50 | $ITW | ILLINOIS TOOL WORKS INC | Industrials | $45.8M | 0.8% | 178K | -8% | |||
| 51 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $40.2M | 0.7% | 81K | -7% | |||
| 52 | $CARR | CARRIER GLOBAL Corp | Industrials | $40.0M | 0.7% | 730K | +54% | |||
| 53 | $GOOG | Alphabet Inc. | Technology | $36.9M | 0.6% | 108K | -6% | |||
| 54 | $NXPI | NXP Semiconductors N.V. | Technology | $33.9M | 0.6% | 143K | -6% | |||
| 55 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $33.5M | 0.6% | 182K | -6% | |||
| 56 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $29.7M | 0.5% | 182K | -6% | |||
| 57 | $ACGL | ARCH CAPITAL GROUP LTD. | Financials | $29.1M | 0.5% | 315K | -6% | |||
| 58 | $MORN | Morningstar, Inc. | Financials | $28.4M | 0.5% | 149K | -10% | |||
| 59 | $BF-A | BROWN FORMAN CORP | Consumer Staples | $27.2M | 0.5% | 1.04M | -10% | |||
| 60 | $GGG | GRACO INC | Industrials | $27.1M | 0.5% | 353K | -36% | |||
| 61 | $GLDM | World Gold Trust | Financials | $27.0M | 0.5% | 329K | -37% | |||
| 62 | — | iShares MBS ETF - COM | — | $26.0M | 0.4% | 290K | -4% | |||
| 63 | $CRL | CHARLES RIVER LABORATORIES INTERNATIONAL, INC. | Healthcare | $24.3M | 0.4% | 82K | -10% | |||
| 64 | — | iShares iBonds Dec 2035 Term T - COM | — | $24.1M | 0.4% | 1.02M | -2% | |||
| 65 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $23.6M | 0.4% | 49K | -6% | |||
| 66 | $EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | Industrials | $23.4M | 0.4% | 127K | -14% | |||
| 67 | — | iShares iBonds Dec 2034 Term T - COM | — | $22.5M | 0.4% | 938K | -3% | |||
| 68 | $BRO | BROWN & BROWN, INC. | Financials | $21.4M | 0.4% | 352K | -9% | |||
| 69 | $ECL | ECOLAB INC. | Materials | $20.5M | 0.3% | 75K | -10% | |||
| 70 | — | iShares Core MSCI Europe ETF - COM | — | $20.3M | 0.3% | 276K | +20% | |||
| 71 | $TTC | TORO CO | Industrials | $20.1M | 0.3% | 209K | -11% | |||
| 72 | $GD | GENERAL DYNAMICS CORP | Industrials | $19.4M | 0.3% | 58K | -12% | |||
| 73 | $DCI | DONALDSON Co INC | Industrials | $19.2M | 0.3% | 221K | -11% | |||
| 74 | $EOG | EOG RESOURCES INC | Energy | $18.9M | 0.3% | 137K | -11% | |||
| 75 | — | State Street SPDR Portfolio In - COM | — | $18.9M | 0.3% | 692K | New | |||
| 76 | $RMD | RESMED INC | Healthcare | $18.7M | 0.3% | 85K | -10% | |||
| 77 | — | SPDR S&P Dividend ETF - COM | — | $18.6M | 0.3% | 127K | -4% | |||
| 78 | $SHW | SHERWIN WILLIAMS CO | Materials | $18.0M | 0.3% | 56K | -10% | |||
| 79 | $APH | AMPHENOL CORP /DE/ | Technology | $18.0M | 0.3% | 214K | +79% | |||
| 80 | $RLI | RLI CORP | Financials | $17.6M | 0.3% | 318K | -12% | |||
| 81 | $NJR | NEW JERSEY RESOURCES CORP | Energy | $17.5M | 0.3% | 347K | -11% | |||
| 82 | $ATR | APTARGROUP, INC. | Materials | $17.5M | 0.3% | 144K | -10% | |||
| 83 | $STZ | CONSTELLATION BRANDS, INC. | Consumer Staples | $17.2M | 0.3% | 152K | -5% | |||
| 84 | $VRSK | Verisk Analytics, Inc. | Technology | $16.9M | 0.3% | 100K | New | |||
| 85 | — | iShares iBonds Dec 2031 Term T - COM | — | $16.4M | 0.3% | 841K | -23% | |||
| 86 | — | iShares iBonds Dec 2033 Term T - COM | — | $16.2M | 0.3% | 706K | -29% | |||
| 87 | $AOS | SMITH A O CORP | Technology | $16.0M | 0.3% | 284K | -9% | |||
| 88 | — | iShares iBonds Dec 2032 Term T - COM | — | $15.3M | 0.3% | 703K | -4% | |||
| 89 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $15.3M | 0.3% | 105K | -10% | |||
| 90 | $MDT | Medtronic plc | Healthcare | $15.0M | 0.3% | 174K | -11% | |||
| 91 | — | State Street SPDR S&P Aerospac - COM | — | $14.6M | 0.3% | 63K | New | |||
| 92 | $BDX | BECTON DICKINSON & CO | Healthcare | $14.3M | 0.2% | 80K | -11% | |||
| 93 | $DLTR | DOLLAR TREE, INC. | Consumer Staples | $14.2M | 0.2% | 124K | -7% | |||
| 94 | $TREX | TREX CO INC | Industrials | $13.9M | 0.2% | 319K | -10% | |||
| 95 | $MCD | MCDONALDS CORP | Consumer Discretionary | $13.7M | 0.2% | 59K | -10% | |||
| 96 | — | State Street Energy Select Sec - COM | — | $13.7M | 0.2% | 222K | -4% | |||
| 97 | — | Avantis International Small Ca - COM | — | $13.1M | 0.2% | 120K | -5% | |||
| 98 | $FND | Floor & Decor Holdings, Inc. | Consumer Discretionary | $11.8M | 0.2% | 258K | +97% | |||
| 99 | $CPRT | COPART INC | Consumer Discretionary | $11.5M | 0.2% | 423K | +44% | |||
| 100 | $RYAN | RYAN SPECIALTY HOLDINGS, INC. | Financials | $11.5M | 0.2% | 311K | +65% | |||
| 101 | — | iShares Russell 1000 Value ETF - COM | — | $11.5M | 0.2% | 46K | +340% | |||
| 102 | — | Vanguard FTSE Pacific Index Fu - COM | — | $11.4M | 0.2% | 98K | +62% | |||
| 103 | — | iShares Barclays 10-20 Year Tr - COM | — | $11.3M | 0.2% | 123K | -63% | |||
| 104 | $DIS | Walt Disney Co | Communication Services | $10.9M | 0.2% | 104K | -8% | |||
| 105 | $VVV | VALVOLINE INC | Energy | $10.8M | 0.2% | 359K | -9% | |||
| 106 | $VNT | Vontier Corp | Technology | $10.5M | 0.2% | 334K | -9% | |||
| 107 | — | Adyen N.V. - COM | — | $10.0M | 0.2% | 1.02M | New | |||
| 108 | $IVZ | Invesco Ltd. | Financials | $9.2M | 0.1% | 205K | New | |||
| 109 | — | iShares MSCI Global Metals & M - COM | — | $8.9M | 0.1% | 148K | -3% | |||
| 110 | $DEO | DIAGEO PLC | Consumer Staples | $8.6M | 0.1% | 101K | -87% | |||
| 111 | — | Dimensional National Municipal - COM | — | $8.3M | 0.1% | 181K | -4% | |||
| 112 | — | iShares iBonds Dec 2029 Term T - COM | — | $6.7M | 0.1% | 315K | New | |||
| 113 | $STVN | Stevanato Group S.p.A. | Healthcare | $6.4M | 0.1% | 304K | -9% | |||
| 114 | — | iShares National Muni Bond ETF - COM | — | $6.2M | 0.1% | 61K | +102% | |||
| 115 | $SPY | SPDR S&P 500 ETF TRUST | — | $6.0M | 0.1% | 7,922 | -11% | |||
| 116 | — | ProShares S&P MidCap 400 Divid - COM | — | $6.0M | 0.1% | 69K | New | |||
| 117 | — | iShares iBonds Dec 2030 Term T - COM | — | $5.9M | 0.1% | 310K | -4% | |||
| 118 | — | Invesco BulletShares 2034 Muni - COM | — | $5.6M | 0.1% | 248K | -18% | |||
| 119 | $IVZ | Invesco Ltd. | Financials | $5.6M | 0.1% | 280K | -4% | |||
| 120 | $MAIN | Main Street Capital CORP | Other | $5.3M | 0.1% | 96K | +3% | |||
| 121 | $AEM | AGNICO EAGLE MINES LTD | Materials | $5.1M | 0.1% | 28K | +22% | |||
| 122 | $IVZ | Invesco Ltd. | Financials | $5.1M | 0.1% | 210K | -5% | |||
| 123 | — | iShares iBonds Dec 2028 Term T - COM | — | $5.0M | 0.1% | 228K | New | |||
| 124 | $HCXY | Hercules Capital, Inc. | Other | $4.8M | 0.1% | 284K | +3% | |||
| 125 | $IVZ | Invesco Ltd. | Financials | $4.5M | 0.1% | 191K | -3% | |||
| 126 | — | Invesco BulletShares 2035 Muni - COM | — | $4.4M | 0.1% | 189K | -8% | |||
| 127 | $MTN | VAIL RESORTS INC | Communication Services | $4.3M | 0.1% | 31K | -8% | |||
| 128 | $GBDC | GOLUB CAPITAL BDC, Inc. | Other | $4.2M | 0.1% | 335K | +2% | |||
| 129 | $JBTM | JBT MAREL Corp | Industrials | $4.2M | 0.1% | 39K | -21% | |||
| 130 | $IVZ | Invesco Ltd. | Financials | $3.9M | 0.1% | 184K | -4% | |||
| 131 | $TSLX | Sixth Street Specialty Lending, Inc. | Other | $3.9M | 0.1% | 216K | +2% | |||
| 132 | — | iShares BB Rated Corporate Bon - COM | — | $3.8M | 0.1% | 85K | New | |||
| 133 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $3.7M | 0.1% | 5 | — | |||
| 134 | $CVCO | CAVCO INDUSTRIES, INC. | Industrials | $3.6M | 0.1% | 6,451 | -12% | |||
| 135 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $3.6M | 0.1% | 7,883 | +3% | |||
| 136 | $IIIV | i3 Verticals, Inc. | Technology | $3.2M | 0.1% | 233K | +1% | |||
| 137 | — | BondBloxx Bloomberg One Year T - COM | — | $3.0M | 0.1% | 60K | -0.1% | |||
| 138 | $CNR | Core Natural Resources, Inc. | Energy | $3.0M | 0.1% | 34K | +46% | |||
| 139 | $BXSL | Blackstone Secured Lending Fund | Other | $2.9M | 0.1% | 123K | -16% | |||
| 140 | $TRIP | TripAdvisor, Inc. | Technology | $2.9M | 0.1% | 345K | -8% | |||
| 141 | $OBDC | Blue Owl Capital Corp | Other | $2.8M | 0.1% | 270K | +2% | |||
| 142 | $BBDC | Barings BDC, Inc. | Other | $2.7M | 0.0% | 308K | +0.5% | |||
| 143 | $ASML | ASML HOLDING NV | Technology | $2.6M | 0.0% | 1,424 | -1% | |||
| 144 | $WDS | WOODSIDE ENERGY GROUP LTD | Energy | $2.5M | 0.0% | 115K | +27% | |||
| 145 | $SCCO | SOUTHERN COPPER CORP/ | Materials | $2.5M | 0.0% | 12K | +28% | |||
| 146 | $MUFG | MITSUBISHI UFJ FINANCIAL GROUP INC | Financials | $2.5M | 0.0% | 107K | -0.1% | |||
| 147 | $CSWC | CAPITAL SOUTHWEST CORP | Other | $2.4M | 0.0% | 105K | +10% | |||
| 148 | $NEM | NEWMONT Corp /DE/ | Materials | $2.4M | 0.0% | 20K | +31% | |||
| 149 | $IVZ | Invesco Ltd. | Financials | $2.3M | 0.0% | 112K | -2% | |||
| 150 | — | Anglo American plc - COM | — | $2.3M | 0.0% | 86K | +30% |
What changed in Q3 2026
Against the previous quarter's 13F: 19 new, 116 added to, 149 trimmed, 17 sold out. Share-count changes; largest moves by dollar size first.
New positions (19)
first bought this quarter
- State Street SPDR Portfolio In - COM$18.9M
first bought this quarter
$VRSKVerisk Analytics, Inc.$16.9M
first bought this quarter
- State Street SPDR S&P Aerospac - COM$14.6M
first bought this quarter
- Adyen N.V. - COM$10.0M
first bought this quarter
- iShares iBonds Dec 2029 Term T - COM$6.7M
first bought this quarter
+13 more in the Excel export
Added to (116)
now $130.2M · held 7 qtrs, 3 adds in a row
$NKENIKE, Inc.+874%
now $96.3M · held 11+ qtrs
$HONAHoneywell Aerospace Inc.+77%
now $66.1M · held 2 qtrs, 2 adds in a row
$CARRCARRIER GLOBAL Corp+54%
now $40.0M · held 6 qtrs
- iShares Russell 1000 Value ETF - COM+340%
now $11.5M
$APHAMPHENOL CORP /DE/+79%
now $18.0M · held 11+ qtrs
+110 more in the Excel export
Trimmed (149)
- iShares 0-3 Month Treasury Bon - COM-23%
now $216.7M
$DEODIAGEO PLC-87%
now $8.6M · held 11+ qtrs, 2 trims in a row
now $110.0M · held 11+ qtrs, 10 trims in a row
- iShares Barclays 10-20 Year Tr - COM-63%
now $11.3M
$GLDMWorld Gold Trust-37%
now $27.0M · held 11+ qtrs
$GGGGRACO INC-36%
now $27.1M · held 11+ qtrs, 10 trims in a row
+143 more in the Excel export
Holdings by quarter
Every 13F CONFLUENCE INVESTMENT MANAGEMENT LLC has filed, 39 earlier quarters. Pick one to see what it held then.
Is it too late to follow CONFLUENCE INVESTMENT MANAGEMENT?
Q3 2026 13F filed with the SEC on Oct 1, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of CONFLUENCE INVESTMENT MANAGEMENT's top 20 holdings: 64/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
+11.0%
Value-weighted move of the 10 largest stock positions
Turnover
8%
Last quarter; 26% over the last 4
Top 10 weight
23%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
93%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
CONFLUENCE INVESTMENT MANAGEMENT LLC disclosed 294 positions worth $6.0B in its Form 13F-HR for Q3 2026, followed by $CVX and $CB. During the quarter the fund opened 19 new positions and exited 17 — including a new stake in $WSO and a full exit from $FAST. The portfolio is most concentrated in Financials (17.3% of disclosed assets). All figures are sourced directly from CONFLUENCE INVESTMENT MANAGEMENT LLC’s Form 13F-HR filing with the SEC under CIK 1442056.
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