CONFLUENCE INVESTMENT MANAGEMENT LLC Q2 2023 Filing
Filed July 3, 2023
Portfolio Value
$6864.4T
Holdings
298
Report Date
Q2 2023
Filing Type
13F-HR
All Holdings (298 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | PEPPepsiCo Inc. | 993,459 | $184.0T | 2.68% | |
| 2 | SNASnap-on Inc. | 635,582 | $183.2T | 2.67% | |
| 3 | MSFTMicrosoft Corp. | 529,111 | $180.2T | 2.62% | |
| 4 | ADIAnalog Devices Inc. | 830,858 | $161.9T | 2.36% | |
| 5 | FASTFastenal Co. | 2,740,502 | $161.7T | 2.36% | |
| 6 | PGRProgressive Corp. | 1,216,204 | $161.0T | 2.35% | |
| 7 | LINLinde plc | 416,572 | $158.7T | 2.31% | |
| 8 | LMTLockheed Martin Corp. | 331,035 | $152.4T | 2.22% | |
| 9 | DEODiageo plc | 856,652 | $148.6T | 2.16% | |
| 10 | PAYXPaychex Inc. | 1,261,242 | $141.1T | 2.06% | |
| 11 | PIIPolaris Inc. | 1,114,609 | $134.8T | 1.96% | |
| 12 | BRBroadridge Financial Solutions | 802,342 | $132.9T | 1.94% | |
| 13 | CBChubb Ltd. | 684,025 | $131.7T | 1.92% | |
| 14 | SOSouthern Co. | 1,860,982 | $130.7T | 1.90% | |
| 15 | NSRGYNestle S.A. | 1,079,235 | $129.9T | 1.89% | |
| 16 | HDHome Depot Inc. | 412,599 | $128.2T | 1.87% | |
| 17 | CVXChevron Corp. | 807,997 | $127.1T | 1.85% | |
| 18 | TROWT. Rowe Price Group Inc. | 1,108,469 | $124.2T | 1.81% | |
| 19 | 1939900DBrookfield Infrastructure Corp | 2,556,599 | $116.5T | 1.70% | |
| 20 | CLColgate-Palmolive Co. | 1,493,764 | $115.1T | 1.68% | |
| 21 | CSCOCisco Systems Inc. | 1,997,067 | $103.3T | 1.51% | |
| 22 | GILDGilead Sciences Inc. | 1,308,502 | $100.8T | 1.47% | |
| 23 | WYWeyerhaeuser Co. | 2,932,499 | $98.3T | 1.43% | |
| 24 | FNFFidelity National Financial In | 2,720,909 | $98.0T | 1.43% | |
| 25 | DOWDow Inc. | 1,790,148 | $95.3T | 1.39% | |
| 26 | RYNRayonier Inc. | 2,919,765 | $91.7T | 1.34% | |
| 27 | NTRSNorthern Trust Corp. | 1,180,772 | $87.5T | 1.28% | |
| 28 | FQIDigital Realty Trust Inc. | 763,314 | $86.9T | 1.27% | |
| 29 | SYKStryker Corp. | 284,562 | $86.8T | 1.26% | |
| 30 | ETREntergy Corp. | 888,688 | $86.5T | 1.26% | |
| 31 | GGGGraco Inc. | 985,758 | $85.1T | 1.24% | |
| 32 | KMIKinder Morgan Inc. | 4,894,476 | $84.3T | 1.23% | |
| 33 | TJXTJX Cos. Inc. | 986,587 | $83.7T | 1.22% | |
| 34 | ARCCAres Capital Corp. | 4,449,093 | $83.6T | 1.22% | |
| 35 | MAMastercard Inc. | 208,006 | $81.8T | 1.19% | |
| 36 | SPGIS&P Global Inc. | 201,467 | $80.8T | 1.18% | |
| 37 | ORCLOracle Corp. | 613,877 | $73.1T | 1.07% | |
| 38 | SBUXStarbucks Corp. | 711,014 | $70.4T | 1.03% | |
| 39 | USBU.S. Bancorp | 2,061,261 | $68.1T | 0.99% | |
| 40 | NXPINXP Semiconductors N.V. | 324,201 | $66.4T | 0.97% | |
| 41 | ITWIllinois Tool Works Inc. | 260,961 | $65.3T | 0.95% | |
| 42 | BRK/BBerkshire Hathaway Inc. - B | 182,728 | $62.3T | 0.91% | |
| 43 | MASMasco Corp. | 1,076,641 | $61.8T | 0.90% | |
| 44 | LOWLowe's Cos. Inc. | 270,662 | $61.1T | 0.89% | |
| 45 | MKLMarkel Corp. Inc. | 43,294 | $59.9T | 0.87% | |
| 46 | RTXRaytheon Technologies Corp. | 601,152 | $58.9T | 0.86% | |
| 47 | GOOGAlphabet Inc. | 486,165 | $58.8T | 0.86% | |
| 48 | SPMBSPDR Portfolio Mortgage Backed | 2,351,936 | $51.5T | 0.75% | |
| 49 | SPDWSPDR Portfolio Developed World | 1,472,235 | $47.9T | 0.70% | |
| 50 | TMOThermo Fisher Scientific Inc. | 90,846 | $47.4T | 0.69% | |
| 51 | BNBrookfield Corp. | 1,399,682 | $47.1T | 0.69% | |
| 52 | BROBrown & Brown Inc. | 606,596 | $41.8T | 0.61% | |
| 53 | MDYVSPDR S&P 400 Mid Cap Value ETF | 606,921 | $41.7T | 0.61% | |
| 54 | BKNGBooking Holdings Inc. | 14,960 | $40.4T | 0.59% | |
| 55 | NDSNNordson Corp. | 161,465 | $40.1T | 0.58% | |
| 56 | KEYSKeysight Technologies Inc. | 225,058 | $37.7T | 0.55% | |
| 57 | WRBW. R. Berkley Corp. | 626,399 | $37.3T | 0.54% | |
| 58 | MDYGSPDR S&P 400 Mid Cap Growth ET | 505,291 | $36.2T | 0.53% | |
| 59 | CLVTClarivate plc | 3,464,582 | $33.0T | 0.48% | |
| 60 | DNBDun & Bradstreet Holdings Inc. | 2,774,890 | $32.1T | 0.47% | |
| 61 | IBTHiShares iBonds Dec 2027 Term T | 1,436,264 | $31.8T | 0.46% | |
| 62 | XMHQInvesco S&P MidCap Quality ETF | 335,382 | $27.1T | 0.39% | |
| 63 | HSYHershey Co. | 105,965 | $26.5T | 0.39% | |
| 64 | SHYBarclays 1-3 Year Treasury Bon | 320,791 | $26.0T | 0.38% | |
| 65 | ROKRockwell Automation Inc. | 77,710 | $25.6T | 0.37% | |
| 66 | MCDMcDonald's Corp. | 85,731 | $25.6T | 0.37% | |
| 67 | GLDMSPDR Gold MiniShares Trust ETF | 647,566 | $24.7T | 0.36% | |
| 68 | EXPDExpeditors International of Wa | 196,156 | $23.8T | 0.35% | |
| 69 | APDAir Products and Chemicals Inc | 78,444 | $23.5T | 0.34% | |
| 70 | SHWSherwin-Williams Co. | 88,111 | $23.4T | 0.34% | |
| 71 | APHAmphenol Corp. | 274,549 | $23.3T | 0.34% | |
| 72 | ECLEcolab Inc. | 122,057 | $22.8T | 0.33% | |
| 73 | EOGEOG Resources Inc. | 195,564 | $22.4T | 0.33% | |
| 74 | PGProcter & Gamble Co. | 145,183 | $22.0T | 0.32% | |
| 75 | DCIDonaldson Co. Inc. | 341,675 | $21.4T | 0.31% | |
| 76 | HYBBiShares BB Rated Corporate Bon | 475,571 | $21.3T | 0.31% | |
| 77 | NJRNew Jersey Resources Corp. | 446,701 | $21.1T | 0.31% | |
| 78 | BDXBecton Dickinson and Co. | 79,703 | $21.0T | 0.31% | |
| 79 | IBDRiShares iBonds Dec 2026 Term C | 888,951 | $20.9T | 0.30% | |
| 80 | IBTGiShares iBonds Dec 2026 Term T | 916,292 | $20.8T | 0.30% | |
| 81 | WECWEC Energy Group Inc. | 226,660 | $20.0T | 0.29% | |
| 82 | AWCAmerican Water Works Co. Inc. | 139,018 | $19.8T | 0.29% | |
| 83 | GDGeneral Dynamics Corp. | 91,721 | $19.7T | 0.29% | |
| 84 | CLXClorox Co. | 123,747 | $19.7T | 0.29% | |
| 85 | GTESGates Industrial Corp. plc | 1,439,784 | $19.4T | 0.28% | |
| 86 | NKENIKE Inc. | 170,137 | $18.8T | 0.27% | |
| 87 | DLTRDollar Tree Inc. | 129,811 | $18.6T | 0.27% | |
| 88 | MDTMedtronic plc | 204,283 | $18.0T | 0.26% | |
| 89 | CALFPacer US Small Cap Cash Cows 1 | 436,712 | $17.8T | 0.26% | |
| 90 | CRLCharles River Laboratories Int | 84,001 | $17.7T | 0.26% | |
| 91 | IBHGiShares iBonds December 2030 T | 852,803 | $16.8T | 0.24% | |
| 92 | SPYSPDR S&P 500 ETF | 34,017 | $15.1T | 0.22% | |
| 93 | —Leslie's Inc. | 1,602,892 | $15.1T | 0.22% | |
| 94 | MORNMorningstar Inc. | 76,277 | $15.0T | 0.22% | |
| 95 | SPBSpectrum Brands Holdings Inc. | 187,852 | $14.7T | 0.21% | |
| 96 | AZEKAzek Co. Inc. | 439,695 | $13.3T | 0.19% | |
| 97 | IBTEiShares iBonds Dec 2024 Term T | 527,419 | $12.6T | 0.18% | |
| 98 | —SPDR Portfolio S&P 500 Value E | 285,465 | $12.3T | 0.18% | |
| 99 | FISFidelity National Information | 223,974 | $12.3T | 0.18% | |
| 100 | RMAXRE/MAX Holdings Inc. | 633,741 | $12.2T | 0.18% |
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