CONFLUENCE INVESTMENT MANAGEMENT LLC
CIK: 0001442056SEC EDGAR →
Portfolio Value
$6.7B
Holdings
296
As of
Q4 2025
New Positions
23
Closed Positions
17
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | iShares 0-3 Month Treasury Bon | 2,091,242 | $209.9M | 3.15% |
| 2 | Snap-on Inc. | 469,309 | $161.7M | 2.42% |
| 3 | Chubb Ltd. | 511,021 | $159.5M | 2.39% |
| 4 | Analog Devices Inc. | 585,879 | $158.9M | 2.38% |
| 5 | Northern Trust Corp. | 1,103,103 | $150.7M | 2.26% |
| 6 | WEC Energy Group Inc. | 1,327,420 | $140.0M | 2.10% |
| 7 | Lockheed Martin Corp. | 285,228 | $138.0M | 2.07% |
| 8 | Progressive Corp. | 597,858 | $136.1M | 2.04% |
| 9 | Southern Co. | 1,485,576 | $129.5M | 1.94% |
| 10 | Hershey Co. | 697,914 | $127.0M | 1.90% |
Quarterly Changes
Top Buys
New Positions (18)
$100.9M · 517K shares
$7.6M · 298K shares
$5.9M · 243K shares
$5.4M · 28K shares
$3.8M · 21K shares
$3.7M · 121K shares
$1.5M · 91K shares
$1.5M · 69K shares
$1.1M · 20K shares
$996K · 9K shares
$985K · 15K shares
$934K · 14K shares
$845K · 28K shares
$709K · 50K shares
$283K · 3K shares
$271K · 3K shares
Infineon Technologies A.G.
$203K · 5K shares
$15K · 495 shares
Closed Positions (15)
$56.9M · 682K shares
$43.7M · 1.8M shares
$10.2M · 400K shares
$3.0M · 127K shares
$2.5M · 107K shares
$2.1M · 43K shares
$1.5M · 72K shares
$1.2M · 137K shares
$899K · 15K shares
$848K · 14K shares
$310K · 12K shares
$230K · 4K shares
$205K · 221 shares
$120K · 11K shares
$93K · 11K shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Financial Services | 111 | $2.2B | 33.0% |
| Industrials | 28 | $1.0B | 15.4% |
| Technology | 24 | $834.1M | 12.5% |
| Consumer Defensive | 19 | $563.5M | 8.4% |
| Utilities | 4 | $408.8M | 6.1% |
| Consumer Cyclical | 20 | $383.7M | 5.7% |
| Healthcare | 14 | $326.3M | 4.9% |
| Basic Materials | 20 | $315.2M | 4.7% |
| Unknown | 50 | $277.4M | 4.2% |
| Energy | 15 | $260.7M | 3.9% |
| Communication Services | 4 | $72.6M | 1.1% |
| Real Estate | 1 | $1.2M | 0.0% |