CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2020 Filing
Filed July 1, 2020
Portfolio Value
$6.0T
Holdings
291
Report Date
Q2 2020
Filing Type
13F-HR
All Holdings (291 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | MSFTMicrosoft Corp. | 843,575 | $171.7B | 2.87% | |
| 2 | PEPPepsico Inc. | 1,200,793 | $158.8B | 2.65% | |
| 3 | FASTFastenal Co. | 3,409,256 | $146.1B | 2.44% | |
| 4 | LINLinde PLC | 681,690 | $144.6B | 2.41% | |
| 5 | NSRGYNestle SA | 1,251,367 | $138.2B | 2.31% | |
| 6 | GGGGraco Inc. | 2,612,522 | $125.4B | 2.09% | |
| 7 | PAYXPaychex Inc. | 1,637,395 | $124.0B | 2.07% | |
| 8 | LMTLockheed Martin Corp | 337,673 | $123.2B | 2.06% | |
| 9 | PGRProgressive Corp. | 1,532,996 | $122.8B | 2.05% | |
| 10 | DEODiageo PLC | 911,503 | $122.5B | 2.04% | |
| 11 | CLColgate-Palmolive Co. | 1,600,200 | $117.2B | 1.96% | |
| 12 | PIIPolaris Industries | 1,252,344 | $115.9B | 1.93% | |
| 13 | BRBroadridge Financial Solutions | 901,210 | $113.7B | 1.90% | |
| 14 | SNASnap-on Inc. | 821,016 | $113.7B | 1.90% | |
| 15 | FQIDigital Realty Trust Inc. | 767,226 | $109.0B | 1.82% | |
| 16 | SOSouthern Company | 2,090,505 | $108.4B | 1.81% | |
| 17 | ADIAnalog Devices Inc. | 875,259 | $107.3B | 1.79% | |
| 18 | CBChubb Corp | 807,993 | $102.3B | 1.71% | |
| 19 | NTRSNorthern Trust Corporation | 1,241,079 | $98.5B | 1.64% | |
| 20 | GILDGilead Sciences | 1,247,258 | $96.0B | 1.60% | |
| 21 | MMM3M Company | 602,285 | $94.0B | 1.57% | |
| 22 | TIFEURTiffany & Co. | 741,703 | $90.4B | 1.51% | |
| 23 | CVXChevron Corp. | 958,442 | $85.5B | 1.43% | |
| 24 | KMIKinder Morgan Inc. | 5,484,003 | $83.2B | 1.39% | |
| 25 | ETREntergy Corporation | 883,816 | $82.9B | 1.38% | |
| 26 | RYNRayonier Inc. | 3,127,461 | $77.5B | 1.29% | |
| 27 | PFEPfizer Inc. | 2,328,658 | $76.1B | 1.27% | |
| 28 | USBUS Bancorp | 2,012,675 | $74.1B | 1.24% | |
| 29 | FNFFidelity National Financial In | 2,398,613 | $73.5B | 1.23% | |
| 30 | DOWDow Inc | 1,785,820 | $72.8B | 1.21% | |
| 31 | WYWeyerhaeuser Co. | 3,148,852 | $70.7B | 1.18% | |
| 32 | ARCCAres Capital Corp. | 4,538,913 | $65.6B | 1.09% | |
| 33 | MAMastercard Inc. - A | 217,560 | $64.3B | 1.07% | |
| 34 | SYKStryker Corp. | 341,990 | $61.6B | 1.03% | |
| 35 | SLG2EURSl Green Realty | 1,239,475 | $61.1B | 1.02% | |
| 36 | ORCLOracle Corporation | 1,063,710 | $58.8B | 0.98% | |
| 37 | SBUXStarbucks Corporation | 795,607 | $58.5B | 0.98% | |
| 38 | ITWIllinois Tool Works Inc. | 331,609 | $58.0B | 0.97% | |
| 39 | TJXTJX Companies | 1,131,122 | $57.2B | 0.95% | |
| 40 | NXPINXP Semiconductors N.V. | 476,835 | $54.4B | 0.91% | |
| 41 | BKIEURBlack Knight Inc | 716,684 | $52.0B | 0.87% | |
| 42 | LOWLowe's Companies Inc. | 366,630 | $49.5B | 0.83% | |
| 43 | BRK/BBerkshire Hathaway Inc. - B | 276,762 | $49.4B | 0.82% | |
| 44 | TMOThermo Fisher Scientific Inc. | 132,194 | $47.9B | 0.80% | |
| 45 | MKLMarkel Corp. | 51,398 | $47.4B | 0.79% | |
| 46 | GOOGAlphabet Inc. - Class C | 31,668 | $44.8B | 0.75% | |
| 47 | IEFiShares 7-10 Year Treasury Bon | 352,593 | $43.0B | 0.72% | |
| 48 | AXTAAxalta Coating Systems LTD | 1,895,458 | $42.7B | 0.71% | |
| 49 | FTDRFrontdoor Inc | 952,942 | $42.2B | 0.71% | |
| 50 | CNNECannae Holdings Inc | 1,016,131 | $41.8B | 0.70% | |
| 51 | NDSNNordson Corporation | 218,892 | $41.5B | 0.69% | |
| 52 | RTXRaytheon Technologies Corp | 664,135 | $40.9B | 0.68% | |
| 53 | BAMBrookfield Asset Management In | 1,215,292 | $40.0B | 0.67% | |
| 54 | BROBrown & Brown Inc. | 977,616 | $39.8B | 0.67% | |
| 55 | WRBW.R. Berkley Corp. | 679,909 | $39.0B | 0.65% | |
| 56 | CRLCharles River Laboratories Int | 206,845 | $36.1B | 0.60% | |
| 57 | CFRUYCompagnie Financiere Richemont | 5,005,012 | $31.9B | 0.53% | |
| 58 | CERNCHFCerner Corporation | 453,994 | $31.1B | 0.52% | |
| 59 | BKNGBooking Holdings Inc | 19,511 | $31.1B | 0.52% | |
| 60 | HDHome Depot Inc. | 122,019 | $30.6B | 0.51% | |
| 61 | ACNAccenture PLC | 142,189 | $30.5B | 0.51% | |
| 62 | DLTRDollar Tree, Inc. | 325,531 | $30.2B | 0.50% | |
| 63 | CLXThe Clorox Company | 133,406 | $29.3B | 0.49% | |
| 64 | APDAir Products & Chemicals Inc. | 118,137 | $28.5B | 0.48% | |
| 65 | NKENike Inc. - B | 272,275 | $26.7B | 0.45% | |
| 66 | FISFidelity National Information | 197,099 | $26.4B | 0.44% | |
| 67 | TROWT. Rowe Price Group Inc. | 213,902 | $26.4B | 0.44% | |
| 68 | —IHS Markit Ltd | 349,150 | $26.4B | 0.44% | |
| 69 | AWCAmerican Water Works Co. | 204,306 | $26.3B | 0.44% | |
| 70 | PGProcter & Gamble Company | 210,426 | $25.2B | 0.42% | |
| 71 | ROKRockwell Automation Inc. | 112,661 | $24.0B | 0.40% | |
| 72 | CBSHCommerce Bancshares Inc. | 402,010 | $23.9B | 0.40% | |
| 73 | BDXBecton Dickinson and Company | 99,221 | $23.7B | 0.40% | |
| 74 | MCDMcDonald's Corp. | 128,285 | $23.7B | 0.39% | |
| 75 | MDTMedtronic | 247,732 | $22.7B | 0.38% | |
| 76 | SPYGSPDR S&P 500 Growth ETF | 499,191 | $22.4B | 0.37% | |
| 77 | EXPDExpeditors International of Wa | 293,297 | $22.3B | 0.37% | |
| 78 | NVSNNovartis AG - ADR | 253,518 | $22.1B | 0.37% | |
| 79 | DCIDonaldson Inc. | 464,882 | $21.6B | 0.36% | |
| 80 | PPGPPG Industries Inc. | 203,562 | $21.6B | 0.36% | |
| 81 | SEICSEI Investments Company | 385,673 | $21.2B | 0.35% | |
| 82 | MDYGDow Jones Mid Cap Growth ETF - | 345,442 | $18.6B | 0.31% | |
| 83 | SCHWCharles Schwab | 549,252 | $18.5B | 0.31% | |
| 84 | GDGeneral Dynamics Corp. | 121,455 | $18.2B | 0.30% | |
| 85 | MBBiShares MBS Bond ETF | 162,422 | $18.0B | 0.30% | |
| 86 | CFRCullen Frost Bankers Inc. | 233,486 | $17.4B | 0.29% | |
| 87 | NJRNew Jersey Resources Corp. | 533,297 | $17.4B | 0.29% | |
| 88 | IBDRiShares Corporate iBonds ETF 2 | 644,000 | $17.2B | 0.29% | |
| 89 | MORNMorningstar Inc. | 117,937 | $16.6B | 0.28% | |
| 90 | AVNSAvanos Medical Inc. | 552,194 | $16.2B | 0.27% | |
| 91 | RMAXRE/MAX Holdings Inc. | 507,433 | $15.9B | 0.27% | |
| 92 | IAUUSDiShares Gold Trust | 888,439 | $15.1B | 0.25% | |
| 93 | MTBM&T Bank Corp. | 145,024 | $15.1B | 0.25% | |
| 94 | BSMYInvesco BulletShares 2025 | 672,063 | $14.9B | 0.25% | |
| 95 | MLNVanEck Vectors Long Municipal | 694,793 | $14.7B | 0.25% | |
| 96 | HCSGHealthcare Services Group | 592,790 | $14.5B | 0.24% | |
| 97 | AQLTiShares Corporate Bond ETF 202 | 529,361 | $14.5B | 0.24% | |
| 98 | —SPDR S&P 500 Value | 462,027 | $13.4B | 0.22% | |
| 99 | IBDTiShares iBonds Dec 2028 Term C | 450,319 | $13.0B | 0.22% | |
| 100 | MDYVSPDR S&P 400 Mid Cap Value | 281,369 | $12.0B | 0.20% |
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