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

About Confluence Investment Management LLC

Investment Activity

Confluence Investment Management LLC has $7.48 billion in total holdings as of December 31, 2023.
Confluence Investment Management LLC owns shares of 301 different stocks, but just 60 companies or ETFs make up 80% of its holdings.
Approximately 4.71% of the portfolio was purchased this quarter.
About 5.03% of the portfolio was sold this quarter.
This quarter, Confluence Investment Management LLC has purchased 302 new stocks and bought additional shares in 118 stocks.
Confluence Investment Management LLC sold shares of 153 stocks and completely divested from 18 stocks this quarter.

Largest Holdings

Progressive: $228,703,819
Lockheed Martin: $182,769,922
Diageo: $170,623,388
Chubb: $169,397,045
Linde plc: $161,196,103

Largest New Holdings this Quarter

Brown-Forman: $19,979,087 Holding
Invesco S&P SmallCap Quality ETF: $18,089,462 Holding
SPDR Portfolio High Yield Bond ETF: $11,518,390 Holding
iShares iBonds Dec 2032 Term Corporate ETF: $10,524,735 Holding
iShares iBonds Dec 2031 Term Corporate ETF: $10,475,385 Holding

Largest Purchases this Quarter

Brown & Brown: 525,440 shares (about $54.44M)
Diageo: 284,046 shares (about $39.86M)
Paycom Software: 225,081 shares (about $37.49M)
SPDR S&P 400 Mid CapGrowth ETF: 304,355 shares (about $26.70M)
W. R. Berkley: 439,853 shares (about $24.95M)

Largest Sales this Quarter

iShares 0-3 Month Treasury Bond ETF: 268,710 shares (about $27.06M)
TJX Companies: 219,868 shares (about $25.84M)
Alphabet: 123,960 shares (about $20.72M)
S&P Global: 31,940 shares (about $16.50M)
Booking: 2,747 shares (about $11.57M)

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
PGR Progressive	$228,703,819	$9,098,314 ▼	-3.8%	901,260	3.1%	Finance
LMT Lockheed Martin	$182,769,922	$3,759,310 ▼	-2.0%	312,662	2.4%	Aerospace
DEO Diageo	$170,623,388	$39,863,011 ▲	30.5%	1,215,786	2.3%	Consumer Staples
CB Chubb	$169,397,045	$4,215,972 ▼	-2.4%	587,389	2.3%	Finance
Linde plc	$161,196,103	$2,376,190 ▼	-1.5%	338,037	2.2%	COM
SNA Snap-on	$157,865,871	$2,276,831 ▼	-1.4%	544,910	2.1%	Consumer Discretionary
PEP PepsiCo	$153,870,325	$1,719,887 ▼	-1.1%	904,853	2.1%	Consumer Staples
SO Southern	$150,839,506	$2,968,095 ▼	-1.9%	1,672,649	2.0%	Utilities
PAYX Paychex	$150,363,711	$2,112,688 ▼	-1.4%	1,120,528	2.0%	Business Services
HD Home Depot	$149,995,986	$2,127,298 ▼	-1.4%	370,178	2.0%	Retail/Wholesale
ADI Analog Devices	$149,943,215	$2,661,914 ▼	-1.7%	651,446	2.0%	Computer and Technology
WEC WEC Energy Group	$145,268,572	$2,236,666 ▼	-1.5%	1,510,382	1.9%	Utilities
FNF Fidelity National Financial	$144,758,979	$3,534,565 ▼	-2.4%	2,332,565	1.9%	Finance
CLX Clorox	$141,932,891	$1,688,073 ▼	-1.2%	871,235	1.9%	Consumer Staples
CL Colgate-Palmolive	$140,441,865	$2,707,677 ▼	-1.9%	1,352,874	1.9%	Consumer Staples
BR Broadridge Financial Solutions	$138,133,139	$2,288,565 ▼	-1.6%	642,390	1.8%	Business Services
MSFT Microsoft	$137,360,555	$1,331,350 ▼	-1.0%	319,220	1.8%	Computer and Technology
HSY Hershey	$136,370,052	$1,295,667 ▼	-0.9%	711,075	1.8%	Consumer Staples
FAST Fastenal	$122,565,846	$1,232,423 ▼	-1.0%	1,716,128	1.6%	Retail/Wholesale
CVX Chevron	$110,143,277	$778,175 ▼	-0.7%	747,900	1.5%	Oils/Energy
SGOV iShares 0-3 Month Treasury Bond ETF	$108,824,683	$27,064,483 ▼	-19.9%	1,080,467	1.5%	ETF
ETR Entergy	$107,907,880	$1,593,666 ▼	-1.5%	819,906	1.4%	Utilities
TROW T. Rowe Price Group	$107,185,966	$1,657,697 ▼	-1.5%	983,989	1.4%	Finance
NTRS Northern Trust	$103,480,226	$737,976 ▼	-0.7%	1,149,397	1.4%	Finance
GILD Gilead Sciences	$99,852,967	$983,779 ▼	-1.0%	1,190,994	1.3%	Medical
KMI Kinder Morgan	$99,063,908	$1,379,366 ▼	-1.4%	4,484,559	1.3%	Oils/Energy
BIPC Brookfield Infrastructure	$98,748,593	$1,643,304 ▼	-1.6%	2,273,742	1.3%	Utilities
ORCL Oracle	$97,861,301	$1,981,583 ▼	-2.0%	574,303	1.3%	Computer and Technology
CSCO Cisco Systems	$96,829,509	$846,411 ▼	-0.9%	1,819,420	1.3%	Computer and Technology
MA Mastercard	$91,280,151	$1,474,984 ▼	-1.6%	184,852	1.2%	Business Services
SYK Stryker	$90,987,439	$1,493,812 ▼	-1.6%	251,861	1.2%	Medical
USB U.S. Bancorp	$90,059,476	$1,055,311 ▼	-1.2%	1,969,374	1.2%	Finance
DOW DOW	$89,007,814	$1,815,628 ▼	-2.0%	1,629,285	1.2%	Basic Materials
PII Polaris	$86,516,262	$559,706 ▲	0.7%	1,039,359	1.2%	Auto/Tires/Trucks
UPS United Parcel Service	$83,683,787	$3,981,131 ▼	-4.5%	613,787	1.1%	Transportation
SPGI S&P Global	$80,339,274	$16,500,887 ▼	-17.0%	155,509	1.1%	Business Services
ARCC Ares Capital	$80,337,831	$1,340,139 ▲	1.7%	3,836,573	1.1%	Finance
MAS Masco	$79,563,822	$2,194,360 ▼	-2.7%	947,865	1.1%	Construction
WRB W. R. Berkley	$77,339,753	$24,952,870 ▲	47.6%	1,363,295	1.0%	Finance
TJX TJX Companies	$76,510,132	$25,843,303 ▼	-25.2%	650,928	1.0%	Retail/Wholesale
BRK.B Berkshire Hathaway	$71,221,783	$2,048,164 ▼	-2.8%	154,742	1.0%	Finance
WY Weyerhaeuser	$69,461,743	$1,122,086 ▼	-1.6%	2,051,440	0.9%	Construction
RYN Rayonier	$67,171,366	$1,162,760 ▼	-1.7%	2,087,364	0.9%	Construction
SBUX Starbucks	$67,126,604	$150,622 ▼	-0.2%	688,549	0.9%	Retail/Wholesale
LOW Lowe's Companies	$65,263,269	$1,577,974 ▼	-2.4%	240,957	0.9%	Retail/Wholesale
GGG Graco	$62,955,997	$703,668 ▼	-1.1%	719,415	0.8%	Industrial Products
PAYC Paycom Software	$62,942,851	$37,491,769 ▲	147.3%	377,876	0.8%	Computer and Technology
ITW Illinois Tool Works	$62,886,955	$776,253 ▼	-1.2%	239,962	0.8%	Industrial Products
SPMB SPDR Portfolio Mortgage Backed Bond ETF	$62,450,869	$2,909,953 ▼	-4.5%	2,771,898	0.8%	ETF
BRO Brown & Brown	$55,246,205	$54,435,536 ▲	6,714.9%	533,265	0.7%	Finance
KEYS Keysight Technologies	$54,552,881	$291,637 ▼	-0.5%	343,251	0.7%	Computer and Technology
MKL Markel Group	$54,013,111	$6,639,876 ▼	-10.9%	34,434	0.7%	Multi-Sector Conglomerates
XMHQ Invesco S&P MidCap Quality ETF	$53,169,524	$4,930,606 ▲	10.2%	518,323	0.7%	ETF
NXPI NXP Semiconductors	$52,351,510	$826,835 ▼	-1.6%	218,122	0.7%	Computer and Technology
TMO Thermo Fisher Scientific	$52,326,568	$873,419 ▼	-1.6%	84,593	0.7%	Medical
GOOG Alphabet	$48,963,983	$20,724,894 ▼	-29.7%	292,864	0.7%	Computer and Technology
DNB Dun & Bradstreet	$46,765,469	$182,468 ▼	-0.4%	4,063,029	0.6%	Business Services
MDYG SPDR S&P 400 Mid CapGrowth ETF	$42,832,534	$26,704,090 ▲	165.6%	488,176	0.6%	ETF
NDSN Nordson	$41,071,215	$26,788 ▼	-0.1%	156,384	0.5%	Industrial Products
BKNG Booking	$40,975,591	$11,570,718 ▼	-22.0%	9,728	0.5%	Retail/Wholesale
HYBB iShares BB Rated Corporate Bond ETF	$36,086,193	$7,401,894 ▼	-17.0%	762,116	0.5%	ETF
STZ Constellation Brands	$35,656,450	$597,581 ▼	-1.6%	138,370	0.5%	Consumer Staples
MLM Martin Marietta Materials	$34,560,236	$562,467 ▼	-1.6%	64,209	0.5%	Construction
GLDM SPDR Gold MiniShares Trust	$32,422,566	$898,252 ▲	2.8%	621,956	0.4%	Finance
SPDW SPDR Portfolio Developed World ex-US ETF	$32,020,969	$1,138,557 ▲	3.7%	852,528	0.4%	ETF
SHW Sherwin-Williams	$31,479,397	$571,360 ▼	-1.8%	82,478	0.4%	Basic Materials
RMD ResMed	$30,970,024	$456,016 ▼	-1.5%	126,864	0.4%	Medical
IBTH iShares iBonds Dec 2027 Term Treasury ETF	$30,692,392	$651,028 ▼	-2.1%	1,355,971	0.4%	Manufacturing
ECL Ecolab	$29,572,435	$494,576 ▼	-1.6%	115,820	0.4%	Basic Materials
APD Air Products and Chemicals	$27,357,217	$595 ▲	0.0%	91,883	0.4%	Basic Materials
GD General Dynamics	$26,516,759	$305,221 ▼	-1.1%	87,746	0.4%	Aerospace
MCD McDonald's	$25,677,712	$73,691 ▼	-0.3%	84,325	0.3%	Retail/Wholesale
EXPD Expeditors International of Washington	$25,145,998	$115,238 ▼	-0.5%	191,370	0.3%	Transportation
PG Procter & Gamble	$24,711,511	$143,410 ▼	-0.6%	142,676	0.3%	Consumer Staples
DCI Donaldson	$24,533,868	$167,447 ▼	-0.7%	332,888	0.3%	Industrial Products
AOS A. O. Smith	$24,453,314	$28,746 ▼	-0.1%	272,218	0.3%	Industrial Products
APH Amphenol	$23,979,972	$88,748 ▼	-0.4%	368,017	0.3%	Computer and Technology
EOG EOG Resources	$23,666,220	$81,503 ▼	-0.3%	192,518	0.3%	Oils/Energy
BRP The Baldwin Insurance Group	$21,839,491	$4,619,199 ▲	26.8%	438,544	0.3%	Finance
NJR New Jersey Resources	$21,642,764	$2,360 ▲	0.0%	458,533	0.3%	Utilities
AWK American Water Works	$21,346,935	$59,520 ▼	-0.3%	145,972	0.3%	Utilities
DLTR Dollar Tree	$21,013,972	$11,967,992 ▲	132.3%	298,833	0.3%	Retail/Wholesale
MORN Morningstar	$20,561,478	$173,282 ▼	-0.8%	64,432	0.3%	Business Services
NKE NIKE	$20,463,575	$222,415 ▲	1.1%	231,488	0.3%	Consumer Discretionary
TTC Toro	$19,980,735	$61,491 ▲	0.3%	230,379	0.3%	Consumer Discretionary
BF.B Brown-Forman	$19,979,087	$19,979,087 ▲	New Holding	406,079	0.3%	Consumer Staples
BDX Becton, Dickinson and Company	$19,721,457	$115,487 ▲	0.6%	81,798	0.3%	Medical
MDT Medtronic	$19,491,435	$166,826 ▲	0.9%	216,499	0.3%	Medical
SHY iShares 1-3 Year Treasury Bond ETF	$19,195,760	$846,716 ▲	4.6%	230,857	0.3%	Manufacturing
GTES Gates Industrial	$18,935,186	$722,446 ▼	-3.7%	1,078,928	0.3%	Industrial Products
CRL Charles River Laboratories International	$18,704,074	$61,652 ▼	-0.3%	94,959	0.2%	Medical
SLYG SPDR S&P 600 Small Cap Growth ETF	$18,561,448	$3,405,586 ▼	-15.5%	199,350	0.2%	ETF
MBB iShares MBS ETF	$18,210,223	$583,195 ▼	-3.1%	190,066	0.2%	ETF
XSHQ Invesco S&P SmallCap Quality ETF	$18,089,462	$18,089,462 ▲	New Holding	417,867	0.2%	ETF
MDYV SPDR S&P 400 Mid Cap Value ETF	$17,478,007	$599,048 ▲	3.5%	219,960	0.2%	ETF
SPYG SPDR Portfolio S&P 500 Growth ETF	$16,472,552	$4,564,687 ▲	38.3%	198,608	0.2%	ETF
IBDR iShares iBonds Dec 2026 Term Corporate ETF	$16,065,659	$6,036,195 ▼	-27.3%	661,138	0.2%	ETF
IBTI iShares iBonds Dec 2028 Term Treasury ETF	$15,350,041	$5,303,174 ▲	52.8%	682,066	0.2%	Manufacturing
SPY SPDR S&P 500 ETF Trust	$14,721,601	$1,154,984 ▼	-7.3%	25,658	0.2%	Finance
SPYV SPDR Portfolio S&P 500 Value ETF	$14,424,249	$5,171,302 ▼	-26.4%	272,876	0.2%	ETF

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

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

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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

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools