CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2020 Filing
Filed October 19, 2020
Portfolio Value
$6.2B
Holdings
293
Report Date
Q3 2020
Filing Type
13F-HR
All Holdings (293 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | PEPPepsico Inc. | 1,171,533 | $162.4B | 2640.17% | |
| 2 | GGGGraco Inc. | 2,526,027 | $155.0B | 2519.80% | |
| 3 | LINLinde PLC | 645,252 | $153.7B | 2498.37% | |
| 4 | NSRGYNestle SA | 1,201,692 | $143.3B | 2330.15% | |
| 5 | FASTFastenal Co. | 3,175,385 | $143.2B | 2328.03% | |
| 6 | PGRProgressive Corp. | 1,468,152 | $139.0B | 2259.94% | |
| 7 | MSFTMicrosoft Corp. | 608,597 | $128.0B | 2081.34% | |
| 8 | PAYXPaychex Inc. | 1,587,865 | $126.7B | 2059.52% | |
| 9 | LMTLockheed Martin Corp | 326,910 | $125.3B | 2037.31% | |
| 10 | DEODiageo PLC | 894,246 | $123.1B | 2001.60% | |
| 11 | CLColgate-Palmolive Co. | 1,548,648 | $119.5B | 1942.68% | |
| 12 | SNASnap-on Inc. | 795,404 | $117.0B | 1902.84% | |
| 13 | BRBroadridge Financial Solutions | 867,658 | $114.5B | 1862.24% | |
| 14 | PIIPolaris Industries | 1,189,814 | $112.2B | 1825.10% | |
| 15 | SOSouthern Company | 2,035,706 | $110.4B | 1794.68% | |
| 16 | FQIDigital Realty Trust Inc. | 729,000 | $107.0B | 1739.59% | |
| 17 | ADIAnalog Devices Inc. | 851,542 | $99.4B | 1616.36% | |
| 18 | NTRSNorthern Trust Corporation | 1,215,622 | $94.8B | 1541.13% | |
| 19 | MMM3M Company | 588,590 | $94.3B | 1532.97% | |
| 20 | CBChubb Corp | 790,061 | $91.7B | 1491.70% | |
| 21 | WYWeyerhaeuser Co. | 3,038,648 | $86.7B | 1409.10% | |
| 22 | ETREntergy Corporation | 858,222 | $84.6B | 1374.94% | |
| 23 | PFEPfizer Inc. | 2,256,496 | $82.8B | 1346.52% | |
| 24 | DOWDow Inc | 1,734,862 | $81.6B | 1327.20% | |
| 25 | FNFFidelity National Financial In | 2,591,944 | $81.2B | 1319.54% | |
| 26 | TIFEURTiffany & Co. | 693,618 | $80.4B | 1306.57% | |
| 27 | RYNRayonier Inc. | 3,034,443 | $80.2B | 1304.53% | |
| 28 | GILDGilead Sciences | 1,207,818 | $76.3B | 1240.97% | |
| 29 | MAMastercard Inc. - A | 214,768 | $72.6B | 1180.91% | |
| 30 | SYKStryker Corp. | 341,328 | $71.1B | 1156.44% | |
| 31 | CSCOCisco Systems, Inc. | 1,797,566 | $70.8B | 1151.28% | |
| 32 | USBUS Bancorp | 1,963,903 | $70.4B | 1144.78% | |
| 33 | SBUXStarbucks Corporation | 796,193 | $68.4B | 1112.31% | |
| 34 | CVXChevron Corp. | 933,862 | $67.2B | 1093.27% | |
| 35 | KMIKinder Morgan Inc. | 5,305,036 | $65.4B | 1063.56% | |
| 36 | ORCLOracle Corporation | 1,065,795 | $63.6B | 1034.57% | |
| 37 | ITWIllinois Tool Works Inc. | 327,957 | $63.4B | 1030.30% | |
| 38 | TJXTJX Companies | 1,132,614 | $63.0B | 1024.85% | |
| 39 | ARCCAres Capital Corp. | 4,435,502 | $61.9B | 1006.07% | |
| 40 | BKIEURBlack Knight Inc | 704,878 | $61.4B | 997.70% | |
| 41 | LOWLowe's Companies Inc. | 359,643 | $59.6B | 969.89% | |
| 42 | BRK/BBerkshire Hathaway Inc. - B | 274,154 | $58.4B | 949.21% | |
| 43 | NXPINXP Semiconductors N.V. | 461,854 | $57.6B | 937.27% | |
| 44 | SLG2EURSl Green Realty | 1,226,937 | $56.9B | 925.06% | |
| 45 | MKLMarkel Corp. | 50,186 | $48.9B | 794.55% | |
| 46 | TMOThermo Fisher Scientific Inc. | 103,752 | $45.8B | 744.84% | |
| 47 | CRLCharles River Laboratories Int | 199,229 | $45.1B | 733.56% | |
| 48 | IEFiShares 7-10 Year Treasury Bon | 362,994 | $44.2B | 719.00% | |
| 49 | BROBrown & Brown Inc. | 950,468 | $43.0B | 699.62% | |
| 50 | WRBW.R. Berkley Corp. | 681,434 | $41.7B | 677.54% | |
| 51 | AXTAAxalta Coating Systems LTD | 1,861,198 | $41.3B | 670.92% | |
| 52 | NDSNNordson Corporation | 214,037 | $41.1B | 667.56% | |
| 53 | GOOGAlphabet Inc. - Class C | 27,479 | $40.4B | 656.62% | |
| 54 | BAMBrookfield Asset Management In | 1,220,580 | $40.4B | 656.11% | |
| 55 | RTXRaytheon Technologies Corp | 675,523 | $38.9B | 632.01% | |
| 56 | CNNECannae Holdings Inc | 946,497 | $35.3B | 573.43% | |
| 57 | FTDRFrontdoor Inc | 895,530 | $34.8B | 566.57% | |
| 58 | APDAir Products & Chemicals Inc. | 114,646 | $34.1B | 555.24% | |
| 59 | NKENike Inc. - B | 266,610 | $33.5B | 544.21% | |
| 60 | HDHome Depot Inc. | 118,948 | $33.0B | 537.11% | |
| 61 | CERNCHFCerner Corporation | 454,332 | $32.8B | 534.03% | |
| 62 | BKNGBooking Holdings Inc | 19,026 | $32.5B | 529.20% | |
| 63 | CFRUYCompagnie Financiere Richemont | 4,888,688 | $32.5B | 527.81% | |
| 64 | ACNAccenture PLC | 137,776 | $31.1B | 506.26% | |
| 65 | AWCAmerican Water Works Co. | 200,014 | $29.0B | 471.17% | |
| 66 | PGProcter & Gamble Company | 206,148 | $28.7B | 465.89% | |
| 67 | FISFidelity National Information | 194,107 | $28.6B | 464.60% | |
| 68 | MCDMcDonald's Corp. | 126,377 | $27.7B | 451.03% | |
| 69 | DLTRDollar Tree, Inc. | 303,628 | $27.7B | 450.93% | |
| 70 | —IHS Markit Ltd | 348,667 | $27.4B | 445.09% | |
| 71 | CLXThe Clorox Company | 130,114 | $27.3B | 444.64% | |
| 72 | TROWT. Rowe Price Group Inc. | 210,158 | $26.9B | 438.13% | |
| 73 | EXPDExpeditors International of Wa | 288,564 | $26.1B | 424.72% | |
| 74 | MDTMedtronic | 245,234 | $25.5B | 414.38% | |
| 75 | PPGPPG Industries Inc. | 200,877 | $24.5B | 398.74% | |
| 76 | ROKRockwell Automation Inc. | 110,919 | $24.5B | 398.01% | |
| 77 | BDXBecton Dickinson and Company | 98,049 | $22.8B | 370.95% | |
| 78 | CBSHCommerce Bancshares Inc. | 399,223 | $22.5B | 365.39% | |
| 79 | SPYGSPDR S&P 500 Growth ETF | 439,796 | $22.0B | 358.33% | |
| 80 | NVSNNovartis AG - ADR | 251,014 | $21.8B | 354.92% | |
| 81 | DCIDonaldson Inc. | 460,957 | $21.4B | 347.93% | |
| 82 | —SPDR S&P 500 Value | 696,333 | $21.0B | 341.93% | |
| 83 | SCHWCharles Schwab | 550,157 | $19.9B | 324.09% | |
| 84 | MBBiShares MBS Bond ETF | 178,380 | $19.7B | 320.20% | |
| 85 | SEICSEI Investments Company | 384,696 | $19.5B | 317.26% | |
| 86 | MORNMorningstar Inc. | 114,805 | $18.4B | 299.81% | |
| 87 | IAUUSDiShares Gold Trust | 996,226 | $17.9B | 291.41% | |
| 88 | MDYGDow Jones Mid Cap Growth ETF - | 311,930 | $17.9B | 291.08% | |
| 89 | IBDRiShares Corporate iBonds ETF 2 | 657,136 | $17.6B | 286.56% | |
| 90 | IBDViShares iBonds Dec 2030 Term C | 681,796 | $17.6B | 285.55% | |
| 91 | MDYVSPDR S&P 400 Mid Cap Value | 396,810 | $17.2B | 279.96% | |
| 92 | AVNSAvanos Medical Inc. | 512,377 | $17.0B | 276.76% | |
| 93 | GDGeneral Dynamics Corp. | 121,790 | $16.9B | 274.12% | |
| 94 | RMAXRE/MAX Holdings Inc. | 498,847 | $16.3B | 265.47% | |
| 95 | BSMYInvesco BulletShares 2025 | 685,863 | $15.3B | 249.25% | |
| 96 | CFRCullen Frost Bankers Inc. | 236,734 | $15.1B | 246.16% | |
| 97 | DNBDun & Bradstreet Holdings | 577,204 | $14.8B | 240.82% | |
| 98 | NJRNew Jersey Resources Corp. | 542,062 | $14.6B | 238.16% | |
| 99 | MLNVanEck Vectors Long Municipal | 672,993 | $14.4B | 234.06% | |
| 100 | MTBM&T Bank Corp. | 148,326 | $13.7B | 222.09% |
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