Confluence Investment Management
ST. LOUIS, MOfiles as CONFLUENCE INVESTMENT MANAGEMENT LLC
$6.4bn in 290 US stocks at the end of 30 June 2026. The top 10 are 24.1% of the money. It changed about 10.9% of the portfolio this quarter.
Value
$6.4bn
Stocks
290
Top 10 share
24.1%
Turnover
10.9%
What changed this quarter
New
Bought for the first time this quarter.
- Stanley Black & DeckerSWK2.0% of the fund
- Honeywell InternationalHON0.8% of the fund
- Honeywell AerospaceHONA0.8% of the fund
- AptargroupATR0.3% of the fund
- Select Sector Spdr TRXLE0.2% of the fund
- Floor & Decor HoldingsFND0.1% of the fund
- Ryan Specialty HoldingsRYAN0.1% of the fund
- Vanguard Intl Equity Index FVPL0.1% of the fund
- Stevanato Group S.p.A.STVN<0.1% of the fund
- Bondbloxx ETF TrustXONE<0.1% of the fund
- Select Sector Spdr TRXLI<0.1% of the fund
- DBX ETF TRRVNU<0.1% of the fund
- Tourmaline OilTRMLF<0.1% of the fund
- CF Industries HoldingsCF<0.1% of the fund
- BPBP<0.1% of the fund
- Occidental PetroleumOXY<0.1% of the fund
- CRH PublicCRH<0.1% of the fund
- Devon EnergyDVN<0.1% of the fund
- New HopeNHPEF<0.1% of the fund
- Badger MeterBMI<0.1% of the fund
- Gladstone InvestmentGAIN<0.1% of the fund
- Blue Owl Technology FinanceOTF<0.1% of the fund
- Ero CopperERO<0.1% of the fund
- Nu HoldingsNU<0.1% of the fund
- MakeMyTripMMYT<0.1% of the fund
Added
Bought more of a stock they already held.
- Ishares TRSGOV4.4% of the fund+59%
- CloroxCLX1.9% of the fund+34%
- Spdr Series TrustSPYG1.1% of the fund+9%
- Spdr Series TrustSPYV1.0% of the fund+33%
- S&P GlobalSPGI0.9% of the fund+5%
- Thermo Fisher ScientificTMO0.7% of the fund+3%
- World Gold TRGLDM0.6% of the fund+57%
- Booking HoldingsBKNG0.5% of the fund+27%
- Ishares TRTLH0.5% of the fund+63%
- ZoetisZTS0.5% of the fund+228%
- Ishares TRIBTQ0.4% of the fund+29%
- Ishares TRIBTP0.4% of the fund+5%
- Spdr Series TrustSDY0.3% of the fund+93%
- Ishares TRIEUR0.3% of the fund+5%
- Global X FDSSHLD0.2% of the fund+113%
- American Centy ETF TRAVDV0.2% of the fund+4%
- IsharesPICK0.1% of the fund+6%
- Vaneck ETF TrustGDX<0.1% of the fund+10%
- i3 VerticalsIIIV<0.1% of the fund+92%
- Main Street CapitalMAIN<0.1% of the fund+3%
- Sixth Street Specialty LendingTSLX<0.1% of the fund+2%
- Blue Owl CapitalOBDC<0.1% of the fund+17%
- Core Natural ResourcesCNR<0.1% of the fund+6%
- Techtronic Industries-Sp ADRTTNDY<0.1% of the fund+3%
- Woodside Energy GroupWDS<0.1% of the fund+4%
Cut
Sold some of their stake.
- Snap-onSNA2.6% of the fund-4%
- ChubbCB2.5% of the fund-4%
- LindeLIN2.2% of the fund-4%
- WEC Energy GroupWEC2.2% of the fund-4%
- FastenalFAST2.1% of the fund-5%
- EntergyETR2.1% of the fund-6%
- Lockheed MartinLMT2.1% of the fund-4%
- Southern CompanySO2.0% of the fund-4%
- ChevronCVX1.9% of the fund-4%
- ProgressivePGR1.9% of the fund-4%
- Mondelez InternationalMDLZ1.8% of the fund-3%
- Analog DevicesADI1.8% of the fund-46%
- HersheyHSY1.8% of the fund-4%
- Northern TrustNTRS1.8% of the fund-3%
- Colgate-PalmoliveCL1.7% of the fund-3%
- Home DepotHD1.7% of the fund-3%
- Kinder MorganKMI1.7% of the fund-3%
- Price T Rowe GroupTROW1.7% of the fund-3%
- Gilead SciencesGILD1.6% of the fund-3%
- US BancorpUSB1.6% of the fund-3%
- American Water Works CompanyAWK1.6% of the fund-4%
- Cisco SystemsCSCO1.5% of the fund-45%
- Fidelity National FinancialFNF1.4% of the fund-2%
- NordsonNDSN1.3% of the fund-9%
- Spdr Series TrustSPMB1.2% of the fund-13%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- StarbucksSBUX-100%
- Ishares TRHYBB-100%
- Ishares TRIEI-100%
- Ishares TRIGSB-100%
- Ishares TRIBTJ-100%
- Select Sector Spdr TRXLC-100%
- AntofagastaANFGF-100%
- FS KKR CapitalFSK-100%
- Coterra EnergyCTRA-100%
- Freeport-McMoRanFCX-100%
- Spdr Series TrustMDYG-100%
- Proshares TRREGL-100%
- Denison MinesDNN-100%
- NexGen EnergyNXE-100%
- Uranium EnergyUEC-100%
- Nintendo LTD ADRNTDOY-100%
- EnovisENOV-100%
- Winnebago IndustriesWGO-100%
- Spdr Series TrustMDYV-100%
- Costco WholesaleCOST-100%
- Runway Growth FinanceRWAY-100%
Holdings
- Ishares TRSGOV
- Share
- 4.4%
- Value
- $281m
- Shares
- 2,788,012
+59%
- Spdr Series TrustSPMB
- Share
- 1.2%
- Value
- $75m
- Shares
- 3,370,501
-13%
- Spdr Index SHS FDSSPDW
- Share
- 1.2%
- Value
- $75m
- Shares
- 1,482,773
-7%
- Spdr Series TrustSPYG
- Share
- 1.1%
- Value
- $68m
- Shares
- 573,709
+9%
- Spdr Series TrustSPYV
- Share
- 1.0%
- Value
- $64m
- Shares
- 1,047,254
+33%
- Honeywell AerospaceHONA
- Share
- 0.8%
- Value
- $53m
- Shares
- 241,062
New
- World Gold TRGLDM
- Share
- 0.6%
- Value
- $42m
- Shares
- 522,617
+57%
- Ishares TRTLH
- Share
- 0.5%
- Value
- $34m
- Shares
- 335,581
+63%
- Ishares TRMBB
- Share
- 0.4%
- Value
- $29m
- Shares
- 303,528
-9%
- Ishares TRIBTQ
- Share
- 0.4%
- Value
- $26m
- Shares
- 1,044,548
+29%
- Ishares TRIBTP
- Share
- 0.4%
- Value
- $24m
- Shares
- 965,101
+5%
- Ishares TRIBTO
- Share
- 0.4%
- Value
- $24m
- Shares
- 988,431
-9%
- Ishares TRIBTL
- Share
- 0.3%
- Value
- $22m
- Shares
- 1,098,504
-9%
- Spdr Series TrustSDY
- Share
- 0.3%
- Value
- $20m
- Shares
- 132,295
+93%
- Ishares TRIEUR
- Share
- 0.3%
- Value
- $17m
- Shares
- 229,242
+5%
- Ishares TRIBTM
- Share
- 0.3%
- Value
- $17m
- Shares
- 735,847
-8%
- Global X FDSSHLD
- Share
- 0.2%
- Value
- $16m
- Shares
- 262,921
+113%
- American Centy ETF TRAVDV
- Share
- 0.2%
- Value
- $13m
- Shares
- 125,698
+4%
- Select Sector Spdr TRXLE
- Share
- 0.2%
- Value
- $12m
- Shares
- 230,673
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRSGOV | 4.4% | $281m | 2,788,012 | +59% |
| Snap-onSNA | 2.6% | $168m | 417,132 | -4% |
| ChubbCB | 2.5% | $157m | 460,772 | -4% |
| LindeLIN | 2.2% | $140m | 270,727 | -4% |
| WEC Energy GroupWEC | 2.2% | $139m | 1,191,332 | -4% |
| FastenalFAST | 2.1% | $136m | 2,829,738 | -5% |
| EntergyETR | 2.1% | $133m | 1,156,624 | -6% |
| Lockheed MartinLMT | 2.1% | $132m | 258,577 | -4% |
| Southern CompanySO | 2.0% | $131m | 1,370,593 | -4% |
| Stanley Black & DeckerSWK | 2.0% | $127m | 1,348,374 | New |
| ChevronCVX | 1.9% | $123m | 742,863 | -4% |
| ProgressivePGR | 1.9% | $122m | 557,408 | -4% |
| CloroxCLX | 1.9% | $119m | 1,247,644 | +34% |
| Mondelez InternationalMDLZ | 1.8% | $118m | 2,044,332 | -3% |
| Analog DevicesADI | 1.8% | $117m | 293,390 | -46% |
| HersheyHSY | 1.8% | $116m | 663,243 | -4% |
| Northern TrustNTRS | 1.8% | $115m | 660,416 | -3% |
| Colgate-PalmoliveCL | 1.7% | $111m | 1,209,372 | -3% |
| Home DepotHD | 1.7% | $110m | 311,263 | -3% |
| Kinder MorganKMI | 1.7% | $108m | 3,368,817 | -3% |
| Price T Rowe GroupTROW | 1.7% | $106m | 936,409 | -3% |
| Gilead SciencesGILD | 1.6% | $105m | 832,632 | -3% |
| US BancorpUSB | 1.6% | $105m | 1,734,918 | -3% |
| American Water Works CompanyAWK | 1.6% | $103m | 780,309 | -4% |
| Cisco SystemsCSCO | 1.5% | $99m | 841,787 | -45% |
| PaychexPAYX | 1.5% | $94m | 952,424 | Held |
| Fidelity National FinancialFNF | 1.4% | $90m | 1,908,912 | -2% |
| NordsonNDSN | 1.3% | $85m | 281,120 | -9% |
| Spdr Series TrustSPMB | 1.2% | $75m | 3,370,501 | -13% |
| Spdr Index SHS FDSSPDW | 1.2% | $75m | 1,482,773 | -7% |
| Berkley W RWRB | 1.1% | $73m | 1,031,752 | -7% |
| Broadridge Financial SolutionsBR | 1.1% | $72m | 523,341 | -2% |
| MastercardMA | 1.1% | $70m | 136,514 | -7% |
| Spdr Series TrustSPYG | 1.1% | $68m | 573,709 | +9% |
| StrykerSYK | 1.0% | $67m | 212,000 | Held |
| Spdr Series TrustSPYV | 1.0% | $64m | 1,047,254 | +33% |
| MascoMAS | 1.0% | $63m | 768,680 | -7% |
| DiageoDEO | 1.0% | $62m | 776,936 | -43% |
| Ares CapitalARCC | 1.0% | $62m | 3,367,580 | Held |
| TJX CompaniesTJX | 1.0% | $62m | 406,868 | -9% |
| Air Products & ChemicalsAPD | 0.9% | $59m | 202,897 | -7% |
| S&P GlobalSPGI | 0.9% | $58m | 141,607 | +5% |
| Honeywell InternationalHON | 0.8% | $54m | 240,572 | New |
| MicrosoftMSFT | 0.8% | $53m | 142,894 | -4% |
| Honeywell AerospaceHONA | 0.8% | $53m | 241,062 | New |
| Illinois Tool WorksITW | 0.8% | $52m | 193,034 | -7% |
| DOWDOW | 0.8% | $51m | 1,850,660 | Held |
| Paycom SoftwarePAYC | 0.7% | $47m | 374,387 | -8% |
| Thermo Fisher ScientificTMO | 0.7% | $47m | 92,781 | +3% |
| Berkshire HathawayBRK-B | 0.7% | $43m | 86,570 | -7% |
| AccentureACN | 0.7% | $43m | 341,854 | Held |
| NXP SemiconductorsNXPI | 0.7% | $43m | 151,365 | -31% |
| Lowe's CompaniesLOW | 0.7% | $43m | 192,874 | -8% |
| GracoGGG | 0.6% | $42m | 549,102 | -6% |
| World Gold TRGLDM | 0.6% | $42m | 522,617 | +57% |
| AlphabetGOOG | 0.6% | $41m | 115,450 | -33% |
| Booking HoldingsBKNG | 0.5% | $35m | 194,765 | +27% |
| Carrier GlobalCARR | 0.5% | $35m | 472,778 | -8% |
| Ishares TRTLH | 0.5% | $34m | 335,581 | +63% |
| ZoetisZTS | 0.5% | $33m | 465,449 | +228% |
| Arch Capital GroupACGL | 0.5% | $32m | 333,833 | -8% |
| Brown FormanBF-B | 0.5% | $31m | 1,152,060 | -7% |
| Martin Marietta MaterialsMLM | 0.5% | $30m | 52,207 | -8% |
| Ishares TRMBB | 0.4% | $29m | 303,528 | -9% |
| Ishares TRIBTQ | 0.4% | $26m | 1,044,548 | +29% |
| MorningstarMORN | 0.4% | $26m | 166,257 | -6% |
| Brown & BrownBRO | 0.4% | $25m | 386,030 | -5% |
| Ishares TRIBTP | 0.4% | $24m | 965,101 | +5% |
| Expeditors International of WashingtonEXPD | 0.4% | $24m | 148,269 | -8% |
| Ishares TRIBTO | 0.4% | $24m | 988,431 | -9% |
| General DynamicsGD | 0.4% | $23m | 65,990 | -7% |
| EcolabECL | 0.4% | $23m | 83,581 | -7% |
| ToroTTC | 0.4% | $23m | 233,646 | -7% |
| Keysight TechnologiesKEYS | 0.4% | $23m | 64,599 | -64% |
| DonaldsonDCI | 0.3% | $22m | 247,292 | -7% |
| Constellation BrandsSTZ | 0.3% | $22m | 159,566 | -7% |
| Ishares TRIBTL | 0.3% | $22m | 1,098,504 | -9% |
| New Jersey ResourcesNJR | 0.3% | $22m | 387,609 | -7% |
| Sherwin-WilliamsSHW | 0.3% | $21m | 62,256 | -6% |
| RLIRLI | 0.3% | $21m | 360,253 | -6% |
| AmphenolAPH | 0.3% | $21m | 118,987 | -36% |
| Charles River Laboratories InternationalCRL | 0.3% | $21m | 91,632 | -9% |
| AptargroupATR | 0.3% | $20m | 160,935 | New |
| Spdr Series TrustSDY | 0.3% | $20m | 132,295 | +93% |
| EOG ResourcesEOG | 0.3% | $20m | 154,361 | -7% |
| Smith A OAOS | 0.3% | $20m | 312,013 | -2% |
| ResmedRMD | 0.3% | $18m | 94,086 | -6% |
| McDonald'sMCD | 0.3% | $18m | 65,853 | -6% |
| TrexTREX | 0.3% | $18m | 354,325 | -9% |
| Ishares TRIEUR | 0.3% | $17m | 229,242 | +5% |
| Procter & GamblePG | 0.3% | $17m | 116,816 | -5% |
| Ishares TRIBTM | 0.3% | $17m | 735,847 | -8% |
| Dollar TreeDLTR | 0.3% | $16m | 134,143 | -8% |
| Global X FDSSHLD | 0.2% | $16m | 262,921 | +113% |
| ValvolineVVV | 0.2% | $16m | 396,145 | -8% |
| MedtronicMDT | 0.2% | $15m | 195,240 | -5% |
| Becton DickinsonBDX | 0.2% | $14m | 89,902 | -4% |
| American Centy ETF TRAVDV | 0.2% | $13m | 125,698 | +4% |
| Select Sector Spdr TRXLE | 0.2% | $12m | 230,673 | New |
| NikeNKE | 0.2% | $11m | 279,383 | Held |
Showing the largest 100 of 290.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 9.6% since 30 June 2025.
Where the money is
Industrials19.9%
Financial services16.6%
Everyday goods9.6%
Utilities8.2%
Technology7.5%
Materials5.7%
Health care5.2%
Retail & consumer4.8%
Energy4.1%
Media & telecom0.8%
Real estate0.0%
Other17.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.