CONFLUENCE INVESTMENT MANAGEMENT LLC Q1 2020 Filing

Filed April 8, 2020

Portfolio Value

$5.2B

Holdings

291

Report Date

Q1 2020

Filing Type

13F-HR

All Holdings (291 positions)

StockValue
PEPPepsico Inc.
$146.7M
MSFTMicrosoft Corp.
$137.7M
NSRGYNestle SA
$131.7M
LINLinde PLC
$121.1M
DEODiageo PLC
$117.6M
LMTLockheed Martin Corp
$117.4M
PGRProgressive Corp.
$116.7M
SOSouthern Company
$115.5M
FQIDigital Realty Trust Inc.
$112.2M
FASTFastenal Co.
$110.7M
GGGGraco Inc.
$110.2M
CLColgate-Palmolive Co.
$108.4M
PAYXPaychex Inc.
$104.8M
TIFEURTiffany & Co.
$103.1M
GILDGilead Sciences
$96.0M
NTRSNorthern Trust Corporation
$94.6M
CBChubb Corp
$90.7M
SNASnap-on Inc.
$90.6M
BRBroadridge Financial Solutions
$87.9M
ETREntergy Corporation
$85.0M
MMM3M Company
$82.8M
ADIAnalog Devices Inc.
$80.1M
KMIKinder Morgan Inc.
$78.7M
PFEPfizer Inc.
$77.8M
RYNRayonier Inc.
$74.2M
CVXChevron Corp.
$70.7M
USBUS Bancorp
$70.0M
PIIPolaris Industries
$60.5M
FNFFidelity National Financial In
$60.0M
SYKStryker Corp.
$56.8M
WYWeyerhaeuser Co.
$53.6M
TJXTJX Companies
$53.5M
MAMastercard Inc. - A
$52.6M
DOWDow Inc
$52.6M
SLG2EURSl Green Realty
$52.4M
SBUXStarbucks Corporation
$52.3M
BRK/BBerkshire Hathaway Inc. - B
$52.2M
ARCCAres Capital Corp.
$50.1M
MKLMarkel Corp.
$48.9M
ITWIllinois Tool Works Inc.
$47.0M
BKIEURBlack Knight Inc
$42.5M
IEFiShares 7-10 Year Treasury Bon
$41.9M
NXPINXP Semiconductors N.V.
$40.9M
TMOThermo Fisher Scientific Inc.
$38.3M
GOOGAlphabet Inc. - Class C
$37.5M
BROBrown & Brown Inc.
$37.3M
CNNECannae Holdings Inc
$36.3M
UTXZUnited Technologies Corp.
$35.8M
FTDRFrontdoor Inc
$35.7M
WRBW.R. Berkley Corp.
$35.1M
BAMBrookfield Asset Management In
$35.0M
AXTAAxalta Coating Systems LTD
$33.3M
LOWLowe's Companies Inc.
$32.0M
ORCLOracle Corporation
$31.7M
NDSNNordson Corporation
$29.8M
CERNCHFCerner Corporation
$28.5M
CFRUYCompagnie Financiere Richemont
$27.8M
DLTRDollar Tree, Inc.
$26.1M
CLXThe Clorox Company
$25.8M
AWCAmerican Water Works Co.
$24.5M
FISFidelity National Information
$23.9M
APDAir Products & Chemicals Inc.
$23.7M
ACNAccenture PLC
$23.2M
PGProcter & Gamble Company
$23.1M
HDHome Depot Inc.
$23.1M
BDXBecton Dickinson and Company
$22.8M
NKENike Inc. - B
$22.5M
MDTMedtronic
$22.2M
BKNGBooking Holdings Inc
$22.0M
MCDMcDonald's Corp.
$21.1M
CRLCharles River Laboratories Int
$20.9M
TROWT. Rowe Price Group Inc.
$20.8M
NVSNNovartis AG - ADR
$20.6M
CBSHCommerce Bancshares Inc.
$20.1M
EXPDExpeditors International of Wa
$19.4M
AXPAmerican Express Company
$18.1M
SCHWCharles Schwab
$18.1M
SPYGSPDR S&P 500 Growth ETF
$17.8M
DCIDonaldson Inc.
$17.7M
NJRNew Jersey Resources Corp.
$17.6M
SEICSEI Investments Company
$17.5M
MBBiShares MBS Bond ETF
$17.5M
ROKRockwell Automation Inc.
$16.9M
PPGPPG Industries Inc.
$16.7M
AVNSAvanos Medical Inc.
$16.3M
IBDRiShares Corporate iBonds ETF 2
$15.5M
GDGeneral Dynamics Corp.
$15.5M
HCSGHealthcare Services Group
$15.3M
MDYGDow Jones Mid Cap Growth ETF -
$14.8M
DALDelta Air Lines
$14.8M
MLNVanEck Vectors Long Municipal
$14.5M
MTBM&T Bank Corp.
$14.2M
MORNMorningstar Inc.
$14.1M
IHS Markit Ltd
$13.8M
AQLTiShares Corporate Bond ETF 202
$13.7M
BSMYInvesco BulletShares 2025
$13.6M
IAUUSDiShares Gold Trust
$13.2M
CFRCullen Frost Bankers Inc.
$12.5M
SPDR S&P 500 Value
$11.9M
TLTBarclays 20 Plus Year Treasury
$11.8M
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