CONFLUENCE INVESTMENT MANAGEMENT LLC Q1 2023 Filing

Filed April 4, 2023

Portfolio Value

$6.8B

Holdings

301

Report Date

Q1 2023

Filing Type

13F-HR

All Holdings (301 positions)

StockValue
PEPPepsiCo Inc.
$185.0M
PGRProgressive Corp.
$177.9M
ADIAnalog Devices Inc.
$166.6M
SNASnap-on Inc.
$160.0M
LMTLockheed Martin Corp.
$158.8M
DEODiageo plc
$157.7M
MSFTMicrosoft Corp.
$155.6M
LINLinde plc
$152.5M
FASTFastenal Co.
$150.6M
PAYXPaychex Inc.
$146.1M
CBChubb Ltd.
$134.2M
NSRGYNestle S.A.
$133.3M
CVXChevron Corp.
$133.2M
SOSouthern Co.
$131.0M
TROWT. Rowe Price Group Inc.
$126.2M
PIIPolaris Inc.
$124.5M
HDHome Depot Inc.
$122.8M
1939900DBrookfield Infrastructure Corp
$119.9M
BRBroadridge Financial Solutions
$119.7M
CLColgate-Palmolive Co.
$113.2M
GILDGilead Sciences Inc.
$110.3M
CSCOCisco Systems Inc.
$105.7M
NTRSNorthern Trust Corp.
$103.8M
DOWDow Inc.
$99.2M
RYNRayonier Inc.
$98.3M
KMIKinder Morgan Inc.
$98.0M
ETREntergy Corp.
$96.9M
FNFFidelity National Financial In
$95.9M
WYWeyerhaeuser Co.
$89.3M
ORCLOracle Corp.
$85.4M
SYKStryker Corp.
$82.8M
ARCCAres Capital Corp.
$82.2M
TJXTJX Cos. Inc.
$78.6M
MAMastercard Inc.
$77.2M
FQIDigital Realty Trust Inc.
$75.3M
SBUXStarbucks Corp.
$74.9M
USBU.S. Bancorp
$73.6M
GGGGraco Inc.
$73.6M
SPGIS&P Global Inc.
$70.5M
ITWIllinois Tool Works Inc.
$64.7M
NXPINXP Semiconductors N.V.
$62.5M
RTXRaytheon Technologies Corp.
$59.8M
BRK/BBerkshire Hathaway Inc. - B
$58.4M
MKLMarkel Corp.
$57.3M
LOWLowe's Cos. Inc.
$55.7M
MASMasco Corp.
$54.2M
TMOThermo Fisher Scientific Inc.
$53.4M
GOOGAlphabet Inc.
$52.8M
SPMBSPDR Portfolio Mortgage Backed
$52.4M
SPDWSPDR Portfolio Developed World
$47.6M
BNBrookfield Corp.
$46.1M
MDYVSPDR S&P 400 Mid Cap Value ETF
$43.1M
BKNGBooking Holdings Inc.
$41.2M
WRBW. R. Berkley Corp.
$39.2M
KEYSKeysight Technologies Inc.
$36.9M
NDSNNordson Corp.
$35.7M
BROBrown & Brown Inc.
$34.9M
CLVTClarivate plc
$33.5M
IBTHiShares iBonds Dec 2027 Term T
$32.6M
DNBDun & Bradstreet Holdings Inc.
$32.6M
HSYHershey Co.
$27.4M
HYBBiShares BB Rated Corporate Bon
$26.9M
SHYBarclays 1-3 Year Treasury Bon
$25.3M
GLDMSPDR Gold MiniShares Trust ETF
$24.4M
MDYGSPDR S&P 400 Mid Cap Growth ET
$24.0M
MCDMcDonald's Corp.
$23.9M
NJRNew Jersey Resources Corp.
$23.6M
ROKRockwell Automation Inc.
$22.6M
APDAir Products and Chemicals Inc
$22.2M
CALFPacer US Small Cap Cash Cows 1
$22.2M
APHAmphenol Corp.
$22.1M
DCIDonaldson Co Inc.
$22.1M
EXPDExpeditors International of Wa
$21.4M
PGProcter & Gamble Co.
$21.3M
IBTGiShares iBonds Dec 2026 Term T
$21.2M
WECWEC Energy Group Inc.
$21.2M
IBDRiShares iBonds Dec 2026 Term C
$21.1M
GTESGates Industrial Corp. plc
$20.7M
GDGeneral Dynamics Corp.
$20.6M
NKENIKE Inc.
$20.5M
AWCAmerican Water Works Co. Inc.
$20.0M
SHWSherwin-Williams Co.
$19.5M
BDXBecton Dickinson and Co.
$19.4M
CLXClorox Co.
$19.3M
DLTRDollar Tree Inc.
$19.2M
CBSHCommerce Bancshares Inc.
$18.2M
Leslie's Inc.
$17.9M
IBHGiShares iBonds December 2030 T
$17.3M
MDTMedtronic plc
$16.1M
MORNMorningstar Inc.
$14.8M
MTBM&T Bank Corp.
$14.8M
SPBSpectrum Brands Holdings Inc.
$13.9M
KDPKeurig Dr. Pepper Inc.
$13.1M
SPYSPDR S&P 500 ETF
$12.8M
IBTEiShares iBonds Dec 2024 Term T
$12.6M
RMAXRE/MAX Holdings Inc.
$11.9M
SPDR Portfolio S&P 500 Value E
$11.9M
SLYGSPDR S&P 600 Small Cap Growth
$11.6M
DFNMDimensional National Municipal
$11.6M
FISFidelity National Information
$11.5M
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