CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2019 Filing
Filed July 24, 2019
Portfolio Value
$6.3T
Holdings
291
Report Date
Q2 2019
Filing Type
13F-HR
All Holdings (291 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | PEPPepsico Inc. | 1,205,376 | $158.1B | 2.53% | |
| 2 | DEODiageo PLC | 908,415 | $156.5B | 2.50% | |
| 3 | MSFTMicrosoft Corp. | 1,119,568 | $150.0B | 2.40% | |
| 4 | NXPINXP Semiconductors N.V. | 1,495,268 | $146.0B | 2.34% | |
| 5 | LINLinde PLC | 716,153 | $143.8B | 2.30% | |
| 6 | PAYXPaychex Inc. | 1,653,703 | $136.1B | 2.18% | |
| 7 | NSRGYNestle SA | 1,297,654 | $134.2B | 2.15% | |
| 8 | LMTLockheed Martin Corp | 349,833 | $127.2B | 2.03% | |
| 9 | SOSouthern Company | 2,236,803 | $123.7B | 1.98% | |
| 10 | PGRProgressive Corp. | 1,513,535 | $121.0B | 1.94% | |
| 11 | BRBroadridge Financial Solutions | 918,628 | $117.3B | 1.88% | |
| 12 | KMIKinder Morgan Inc. | 5,616,868 | $117.3B | 1.88% | |
| 13 | FASTFastenal Co. | 3,591,836 | $117.1B | 1.87% | |
| 14 | CBChubb Corp | 794,124 | $117.0B | 1.87% | |
| 15 | CVXChevron Corp. | 910,872 | $113.3B | 1.81% | |
| 16 | CLColgate-Palmolive Co. | 1,575,425 | $112.9B | 1.81% | |
| 17 | NTRSNorthern Trust Corporation | 1,215,067 | $109.4B | 1.75% | |
| 18 | PIIPolaris Industries | 1,163,071 | $106.1B | 1.70% | |
| 19 | GGGGraco Inc. | 2,107,994 | $105.8B | 1.69% | |
| 20 | MLMMartin Marietta Materials Inc. | 444,204 | $102.2B | 1.64% | |
| 21 | PFEPfizer Inc. | 2,276,772 | $98.6B | 1.58% | |
| 22 | ETREntergy Corporation | 946,421 | $97.4B | 1.56% | |
| 23 | FNFFidelity National Financial In | 2,412,917 | $97.2B | 1.56% | |
| 24 | MMM3M Company | 553,384 | $95.9B | 1.53% | |
| 25 | FQIDigital Realty Trust Inc. | 801,109 | $94.4B | 1.51% | |
| 26 | DOWDow Inc | 1,874,416 | $92.4B | 1.48% | |
| 27 | RYNRayonier Inc. | 3,004,767 | $91.0B | 1.46% | |
| 28 | ARCCAres Capital Corp. | 4,986,065 | $89.5B | 1.43% | |
| 29 | USBUS Bancorp | 1,696,092 | $88.9B | 1.42% | |
| 30 | ADIAnalog Devices Inc. | 759,931 | $85.8B | 1.37% | |
| 31 | GILDGilead Sciences | 1,209,052 | $81.7B | 1.31% | |
| 32 | WYWeyerhaeuser Co. | 2,973,474 | $78.3B | 1.25% | |
| 33 | BKIEURBlack Knight Inc | 1,293,582 | $77.8B | 1.24% | |
| 34 | MAMastercard Inc. - A | 259,468 | $68.6B | 1.10% | |
| 35 | SBUXStarbucks Corporation | 810,663 | $68.0B | 1.09% | |
| 36 | SYKStryker Corp. | 313,275 | $64.4B | 1.03% | |
| 37 | MKLMarkel Corp. | 55,923 | $60.9B | 0.97% | |
| 38 | AXTAAxalta Coating Systems LTD | 1,954,966 | $58.2B | 0.93% | |
| 39 | TIFEURTiffany & Co. | 621,303 | $58.2B | 0.93% | |
| 40 | FTDRFrontdoor Inc | 1,310,125 | $57.1B | 0.91% | |
| 41 | TJXTJX Companies | 1,060,531 | $56.1B | 0.90% | |
| 42 | AIGAmerican International Group I | 1,000,946 | $53.3B | 0.85% | |
| 43 | ITWIllinois Tool Works Inc. | 320,136 | $48.3B | 0.77% | |
| 44 | UTXZUnited Technologies Corp. | 351,992 | $45.8B | 0.73% | |
| 45 | WRBW.R. Berkley Corp. | 677,412 | $44.7B | 0.71% | |
| 46 | CFRUYCompagnie Financiere Richemont | 5,247,814 | $44.3B | 0.71% | |
| 47 | TMOThermo Fisher Scientific Inc. | 150,684 | $44.3B | 0.71% | |
| 48 | DDDupont De Nemurs Inc | 519,531 | $39.0B | 0.62% | |
| 49 | BRK/BBerkshire Hathaway Inc. - B | 179,618 | $38.3B | 0.61% | |
| 50 | BROBrown & Brown Inc. | 1,123,347 | $37.6B | 0.60% | |
| 51 | BAMBrookfield Asset Management In | 781,643 | $37.3B | 0.60% | |
| 52 | LOWLowe's Companies Inc. | 357,165 | $36.0B | 0.58% | |
| 53 | ORCLOracle Corporation | 607,095 | $34.6B | 0.55% | |
| 54 | GOOGAlphabet Inc. - Class C | 31,174 | $33.7B | 0.54% | |
| 55 | CERNCHFCerner Corporation | 449,640 | $33.0B | 0.53% | |
| 56 | IEFiShares 7-10 Year Treasury Bon | 275,284 | $30.3B | 0.48% | |
| 57 | —Allergan Inc. | 174,164 | $29.2B | 0.47% | |
| 58 | SPBSpectrum Brands Holdings Inc | 510,244 | $27.4B | 0.44% | |
| 59 | APDAir Products & Chemicals Inc. | 117,249 | $26.5B | 0.42% | |
| 60 | ACNAccenture PLC | 140,942 | $26.0B | 0.42% | |
| 61 | MCDMcDonald's Corp. | 123,053 | $25.6B | 0.41% | |
| 62 | HDHome Depot Inc. | 122,787 | $25.5B | 0.41% | |
| 63 | MSMMSC Industrial Direct Co. Inc. | 341,460 | $25.4B | 0.41% | |
| 64 | AXPAmerican Express Company | 200,075 | $24.7B | 0.40% | |
| 65 | BDXBecton Dickinson and Company | 95,191 | $24.0B | 0.38% | |
| 66 | FISFidelity National Information | 193,678 | $23.8B | 0.38% | |
| 67 | MDTMedtronic | 236,476 | $23.0B | 0.37% | |
| 68 | AWCAmerican Water Works Co. | 197,441 | $22.9B | 0.37% | |
| 69 | TLTBarclays 20 Plus Year Treasury | 171,784 | $22.8B | 0.37% | |
| 70 | NDSNNordson Corporation | 161,200 | $22.8B | 0.36% | |
| 71 | NJRNew Jersey Resources Corp. | 455,762 | $22.7B | 0.36% | |
| 72 | PGProcter & Gamble Company | 205,677 | $22.6B | 0.36% | |
| 73 | TROWT. Rowe Price Group Inc. | 205,131 | $22.5B | 0.36% | |
| 74 | NKENike Inc. - B | 266,593 | $22.4B | 0.36% | |
| 75 | CBSHCommerce Bancshares Inc. | 360,906 | $21.5B | 0.34% | |
| 76 | PPGPPG Industries Inc. | 183,667 | $21.4B | 0.34% | |
| 77 | DCIDonaldson Inc. | 420,716 | $21.4B | 0.34% | |
| 78 | CLXThe Clorox Company | 139,062 | $21.3B | 0.34% | |
| 79 | NVSNNovartis AG - ADR | 230,583 | $21.1B | 0.34% | |
| 80 | MTBM&T Bank Corp. | 121,238 | $20.6B | 0.33% | |
| 81 | EXPDExpeditors International of Wa | 260,253 | $19.7B | 0.32% | |
| 82 | SCHWCharles Schwab | 490,417 | $19.7B | 0.32% | |
| 83 | IJKS&P MidCap 400 Growth Index Fu | 86,501 | $19.6B | 0.31% | |
| 84 | SEICSEI Investments Company | 347,974 | $19.5B | 0.31% | |
| 85 | IVES&P 500 Value Index - iShares | 166,665 | $19.4B | 0.31% | |
| 86 | IVWS&P 500 Growth Index - iShares | 107,810 | $19.3B | 0.31% | |
| 87 | IJJS&P MidCap 400 Value Index Fun | 119,868 | $19.1B | 0.31% | |
| 88 | SLBSchlumberger Ltd. | 476,837 | $18.9B | 0.30% | |
| 89 | GDGeneral Dynamics Corp. | 103,483 | $18.8B | 0.30% | |
| 90 | MORNMorningstar Inc. | 124,498 | $18.0B | 0.29% | |
| 91 | CNNECannae Holdings Inc | 616,167 | $17.9B | 0.29% | |
| 92 | CFRCullen Frost Bankers Inc. | 187,252 | $17.5B | 0.28% | |
| 93 | XOMExxon Mobil Corp. | 227,774 | $17.5B | 0.28% | |
| 94 | MBBiShares MBS Bond ETF | 159,068 | $17.1B | 0.27% | |
| 95 | IBDRiShares Corporate iBonds ETF 2 | 624,390 | $15.6B | 0.25% | |
| 96 | SPIBSPDR Portfolio Intermediate Te | 445,060 | $15.5B | 0.25% | |
| 97 | CTVACorteva Inc | 519,607 | $15.4B | 0.25% | |
| 98 | DALDelta Air Lines | 247,098 | $14.0B | 0.22% | |
| 99 | BSMYInvesco BulletShares 2025 | 647,686 | $13.7B | 0.22% | |
| 100 | IBDTiShares iBonds Dec 2028 Term C | 500,535 | $13.6B | 0.22% |
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