CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2019 Filing
Filed October 15, 2019
Portfolio Value
$6.4T
Holdings
286
Report Date
Q3 2019
Filing Type
13F-HR
All Holdings (286 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | PEPPepsico Inc. | 1,214,408 | $166.5B | 2.60% | |
| 2 | NXPINXP Semiconductors N.V. | 1,494,521 | $163.1B | 2.54% | |
| 3 | MSFTMicrosoft Corp. | 1,109,089 | $154.2B | 2.40% | |
| 4 | DEODiageo PLC | 901,884 | $147.5B | 2.30% | |
| 5 | NSRGYNestle SA | 1,293,901 | $140.5B | 2.19% | |
| 6 | SOSouthern Company | 2,242,719 | $138.5B | 2.16% | |
| 7 | LINLinde PLC | 713,334 | $138.2B | 2.15% | |
| 8 | LMTLockheed Martin Corp | 350,714 | $136.8B | 2.13% | |
| 9 | PAYXPaychex Inc. | 1,651,146 | $136.7B | 2.13% | |
| 10 | CBChubb Corp | 800,278 | $129.2B | 2.01% | |
| 11 | CLColgate-Palmolive Co. | 1,597,590 | $117.4B | 1.83% | |
| 12 | FASTFastenal Co. | 3,590,616 | $117.3B | 1.83% | |
| 13 | KMIKinder Morgan Inc. | 5,599,982 | $115.4B | 1.80% | |
| 14 | NTRSNorthern Trust Corporation | 1,236,136 | $115.4B | 1.80% | |
| 15 | MLMMartin Marietta Materials Inc. | 419,932 | $115.1B | 1.79% | |
| 16 | BRBroadridge Financial Solutions | 914,246 | $113.8B | 1.77% | |
| 17 | PGRProgressive Corp. | 1,453,107 | $112.3B | 1.75% | |
| 18 | ETREntergy Corporation | 945,333 | $110.9B | 1.73% | |
| 19 | CVXChevron Corp. | 926,355 | $109.9B | 1.71% | |
| 20 | FNFFidelity National Financial In | 2,394,693 | $106.3B | 1.66% | |
| 21 | PIIPolaris Industries | 1,195,225 | $105.2B | 1.64% | |
| 22 | FQIDigital Realty Trust Inc. | 803,793 | $104.3B | 1.63% | |
| 23 | GGGGraco Inc. | 2,117,809 | $97.5B | 1.52% | |
| 24 | USBUS Bancorp | 1,708,282 | $94.5B | 1.47% | |
| 25 | MMM3M Company | 572,634 | $94.1B | 1.47% | |
| 26 | ARCCAres Capital Corp. | 5,041,733 | $94.0B | 1.46% | |
| 27 | TIFEURTiffany & Co. | 1,012,697 | $93.8B | 1.46% | |
| 28 | DOWDow Inc | 1,911,157 | $91.1B | 1.42% | |
| 29 | RYNRayonier Inc. | 3,051,462 | $86.1B | 1.34% | |
| 30 | ADIAnalog Devices Inc. | 766,435 | $85.6B | 1.34% | |
| 31 | WYWeyerhaeuser Co. | 3,043,092 | $84.3B | 1.31% | |
| 32 | PFEPfizer Inc. | 2,306,098 | $82.9B | 1.29% | |
| 33 | GILDGilead Sciences | 1,235,937 | $78.3B | 1.22% | |
| 34 | BKIEURBlack Knight Inc | 1,248,291 | $76.2B | 1.19% | |
| 35 | SYKStryker Corp. | 310,941 | $67.3B | 1.05% | |
| 36 | MKLMarkel Corp. | 55,134 | $65.2B | 1.02% | |
| 37 | TJXTJX Companies | 1,083,672 | $60.4B | 0.94% | |
| 38 | MAMastercard Inc. - A | 217,406 | $59.0B | 0.92% | |
| 39 | AXTAAxalta Coating Systems LTD | 1,939,888 | $58.5B | 0.91% | |
| 40 | FTDRFrontdoor Inc | 1,188,721 | $57.7B | 0.90% | |
| 41 | SBUXStarbucks Corporation | 643,095 | $56.9B | 0.89% | |
| 42 | AIGAmerican International Group I | 995,768 | $55.5B | 0.86% | |
| 43 | ITWIllinois Tool Works Inc. | 328,480 | $51.4B | 0.80% | |
| 44 | UTXZUnited Technologies Corp. | 363,701 | $49.7B | 0.77% | |
| 45 | WRBW.R. Berkley Corp. | 663,592 | $47.9B | 0.75% | |
| 46 | TMOThermo Fisher Scientific Inc. | 148,904 | $43.4B | 0.68% | |
| 47 | IEFiShares 7-10 Year Treasury Bon | 369,892 | $41.6B | 0.65% | |
| 48 | BAMBrookfield Asset Management In | 778,586 | $41.3B | 0.64% | |
| 49 | BROBrown & Brown Inc. | 1,128,460 | $40.7B | 0.63% | |
| 50 | LOWLowe's Companies Inc. | 359,130 | $39.5B | 0.62% | |
| 51 | GOOGAlphabet Inc. - Class C | 31,548 | $38.5B | 0.60% | |
| 52 | CFRUYCompagnie Financiere Richemont | 5,231,725 | $38.4B | 0.60% | |
| 53 | BRK/BBerkshire Hathaway Inc. - B | 182,532 | $38.0B | 0.59% | |
| 54 | ORCLOracle Corporation | 614,932 | $33.8B | 0.53% | |
| 55 | CERNCHFCerner Corporation | 443,774 | $30.3B | 0.47% | |
| 56 | HDHome Depot Inc. | 125,189 | $29.0B | 0.45% | |
| 57 | DDDupont De Nemurs Inc | 392,924 | $28.0B | 0.44% | |
| 58 | ACNAccenture PLC | 145,074 | $27.9B | 0.44% | |
| 59 | DALDelta Air Lines | 481,219 | $27.7B | 0.43% | |
| 60 | MCDMcDonald's Corp. | 125,860 | $27.0B | 0.42% | |
| 61 | MDTMedtronic | 245,213 | $26.6B | 0.42% | |
| 62 | APDAir Products & Chemicals Inc. | 119,608 | $26.5B | 0.41% | |
| 63 | FISFidelity National Information | 198,592 | $26.4B | 0.41% | |
| 64 | PGProcter & Gamble Company | 211,806 | $26.3B | 0.41% | |
| 65 | SPBSpectrum Brands Holdings Inc | 498,330 | $26.3B | 0.41% | |
| 66 | —Allergan Inc. | 154,519 | $26.0B | 0.41% | |
| 67 | NKENike Inc. - B | 276,765 | $26.0B | 0.41% | |
| 68 | TLTBarclays 20 Plus Year Treasury | 180,968 | $25.9B | 0.40% | |
| 69 | AWCAmerican Water Works Co. | 204,255 | $25.4B | 0.40% | |
| 70 | BDXBecton Dickinson and Company | 98,497 | $24.9B | 0.39% | |
| 71 | NDSNNordson Corporation | 169,225 | $24.8B | 0.39% | |
| 72 | AXPAmerican Express Company | 206,522 | $24.4B | 0.38% | |
| 73 | TROWT. Rowe Price Group Inc. | 213,354 | $24.4B | 0.38% | |
| 74 | MSMMSC Industrial Direct Co. Inc. | 332,841 | $24.1B | 0.38% | |
| 75 | IJJS&P MidCap 400 Value Index Fun | 145,283 | $23.2B | 0.36% | |
| 76 | DCIDonaldson Inc. | 442,222 | $23.0B | 0.36% | |
| 77 | CBSHCommerce Bancshares Inc. | 379,709 | $23.0B | 0.36% | |
| 78 | PPGPPG Industries Inc. | 192,757 | $22.8B | 0.36% | |
| 79 | IJKS&P MidCap 400 Growth Index Fu | 101,657 | $22.8B | 0.35% | |
| 80 | CLXThe Clorox Company | 145,328 | $22.1B | 0.34% | |
| 81 | SEICSEI Investments Company | 366,673 | $21.7B | 0.34% | |
| 82 | SCHWCharles Schwab | 518,069 | $21.7B | 0.34% | |
| 83 | NJRNew Jersey Resources Corp. | 478,635 | $21.6B | 0.34% | |
| 84 | NVSNNovartis AG - ADR | 242,254 | $21.1B | 0.33% | |
| 85 | EXPDExpeditors International of Wa | 275,929 | $20.5B | 0.32% | |
| 86 | MTBM&T Bank Corp. | 129,025 | $20.4B | 0.32% | |
| 87 | GDGeneral Dynamics Corp. | 109,532 | $20.0B | 0.31% | |
| 88 | IVES&P 500 Value Index - iShares | 163,949 | $19.5B | 0.30% | |
| 89 | IVWS&P 500 Growth Index - iShares | 105,081 | $18.9B | 0.29% | |
| 90 | CFRCullen Frost Bankers Inc. | 202,564 | $17.9B | 0.28% | |
| 91 | MBBiShares MBS Bond ETF | 164,026 | $17.8B | 0.28% | |
| 92 | XOMExxon Mobil Corp. | 246,716 | $17.4B | 0.27% | |
| 93 | MORNMorningstar Inc. | 119,137 | $17.4B | 0.27% | |
| 94 | CNNECannae Holdings Inc | 610,628 | $16.8B | 0.26% | |
| 95 | RMAXRE/MAX Holdings Inc. | 501,435 | $16.1B | 0.25% | |
| 96 | SPIBSPDR Portfolio Intermediate Te | 456,799 | $16.1B | 0.25% | |
| 97 | IBDRiShares Corporate iBonds ETF 2 | 631,224 | $16.1B | 0.25% | |
| 98 | JWNUSDNordstrom Inc. | 462,845 | $15.6B | 0.24% | |
| 99 | MLNVanEck Vectors Long Municipal | 704,390 | $14.9B | 0.23% | |
| 100 | BSMYInvesco BulletShares 2025 | 663,387 | $14.2B | 0.22% |
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