CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2022 Filing
Filed October 3, 2022
Portfolio Value
$6.0T
Holdings
298
Report Date
Q3 2022
Filing Type
13F-HR
All Holdings (298 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | PEPPepsiCo Inc. | 1,038,784 | $169.6B | 2.83% | |
| 2 | PGRProgressive Corp. | 1,334,630 | $155.1B | 2.59% | |
| 3 | DEODiageo plc | 878,972 | $149.3B | 2.49% | |
| 4 | PAYXPaychex Inc. | 1,282,966 | $144.0B | 2.40% | |
| 5 | SNASnap-on Inc. | 661,087 | $133.1B | 2.22% | |
| 6 | LMTLockheed Martin Corp. | 340,334 | $131.5B | 2.19% | |
| 7 | FASTFastenal Co. | 2,800,025 | $128.9B | 2.15% | |
| 8 | CBChubb Ltd. | 702,607 | $127.8B | 2.13% | |
| 9 | SOSouthern Co. | 1,862,742 | $126.7B | 2.11% | |
| 10 | MSFTMicrosoft Corp. | 521,488 | $121.5B | 2.03% | |
| 11 | CVXChevron Corp. | 822,458 | $118.2B | 1.97% | |
| 12 | BRBroadridge Financial Solutions | 809,756 | $116.9B | 1.95% | |
| 13 | LINLinde plc | 433,005 | $116.7B | 1.95% | |
| 14 | NSRGYNestle S.A. | 1,079,135 | $116.1B | 1.94% | |
| 15 | HDHome Depot Inc. | 411,589 | $113.6B | 1.89% | |
| 16 | 1939900DBrookfield Infrastructure Corp | 2,603,881 | $106.0B | 1.77% | |
| 17 | PIIPolaris Inc. | 1,102,828 | $105.5B | 1.76% | |
| 18 | CLColgate-Palmolive Co. | 1,472,086 | $103.4B | 1.73% | |
| 19 | ADIAnalog Devices Inc. | 712,125 | $99.2B | 1.66% | |
| 20 | NTRSNorthern Trust Corp. | 1,134,029 | $97.0B | 1.62% | |
| 21 | KMIKinder Morgan Inc. | 5,397,425 | $89.8B | 1.50% | |
| 22 | FNFFidelity National Financial In | 2,471,307 | $89.5B | 1.49% | |
| 23 | ETREntergy Corp. | 888,026 | $89.4B | 1.49% | |
| 24 | RYNRayonier Inc. | 2,955,411 | $88.6B | 1.48% | |
| 25 | SLGSL Green Realty Corp. | 2,092,665 | $84.0B | 1.40% | |
| 26 | WYWeyerhaeuser Co. | 2,897,927 | $82.8B | 1.38% | |
| 27 | GILDGilead Sciences Inc. | 1,340,074 | $82.7B | 1.38% | |
| 28 | CSCOCisco Systems Inc. | 1,975,695 | $79.0B | 1.32% | |
| 29 | USBU.S. Bancorp | 1,945,060 | $78.4B | 1.31% | |
| 30 | TROWT. Rowe Price Group Inc. | 746,619 | $78.4B | 1.31% | |
| 31 | DOWDow Inc. | 1,769,420 | $77.7B | 1.30% | |
| 32 | ARCCAres Capital Corp. | 4,465,326 | $75.4B | 1.26% | |
| 33 | FQIDigital Realty Trust Inc. | 725,420 | $71.9B | 1.20% | |
| 34 | WRBW. R. Berkley Corp. | 1,031,629 | $66.6B | 1.11% | |
| 35 | TJXTJX Cos. Inc. | 1,069,986 | $66.5B | 1.11% | |
| 36 | SPGIS&P Global Inc. | 210,060 | $64.1B | 1.07% | |
| 37 | GGGGraco Inc. | 1,049,145 | $62.9B | 1.05% | |
| 38 | SBUXStarbucks Corp. | 741,487 | $62.5B | 1.04% | |
| 39 | SYKStryker Corp. | 308,180 | $62.4B | 1.04% | |
| 40 | ORCLOracle Corp. | 960,508 | $58.7B | 0.98% | |
| 41 | LOWLowe's Cos. Inc. | 301,644 | $56.7B | 0.95% | |
| 42 | BRK/BBerkshire Hathaway Inc. - B | 204,081 | $54.5B | 0.91% | |
| 43 | NXPINXP Semiconductors N.V. | 361,506 | $53.3B | 0.89% | |
| 44 | MKLMarkel Corp. | 49,118 | $53.3B | 0.89% | |
| 45 | MAMastercard Inc. | 184,932 | $52.6B | 0.88% | |
| 46 | RTXRaytheon Technologies Corp. | 639,308 | $52.3B | 0.87% | |
| 47 | ITWIllinois Tool Works Inc. | 283,036 | $51.1B | 0.85% | |
| 48 | GOOGAlphabet Inc. | 528,309 | $50.8B | 0.85% | |
| 49 | TMOThermo Fisher Scientific Inc. | 99,740 | $50.6B | 0.84% | |
| 50 | BAMBrookfield Asset Management In | 1,190,868 | $48.7B | 0.81% | |
| 51 | BROBrown & Brown Inc. | 595,394 | $36.0B | 0.60% | |
| 52 | IEFiShares 7-10 Year Treasury Bon | 358,461 | $34.4B | 0.57% | |
| 53 | NDSNNordson Corp. | 159,655 | $33.9B | 0.57% | |
| 54 | MASMasco Corp. | 716,048 | $33.4B | 0.56% | |
| 55 | CLVTClarivate plc | 3,537,433 | $33.2B | 0.55% | |
| 56 | DNBDun & Bradstreet Holdings Inc. | 2,638,285 | $32.7B | 0.55% | |
| 57 | IBHGiShares iBonds December 2030 T | 1,569,927 | $30.8B | 0.51% | |
| 58 | BKNGBooking Holdings Inc. | 17,926 | $29.5B | 0.49% | |
| 59 | HSYHershey Co. | 107,767 | $23.8B | 0.40% | |
| 60 | —Leslie's Inc. | 1,578,113 | $23.2B | 0.39% | |
| 61 | HYBBiShares BB Rated Corporate Bon | 511,455 | $22.0B | 0.37% | |
| 62 | —SPDR Portfolio S&P 500 Value E | 615,990 | $21.2B | 0.35% | |
| 63 | CFRCullen/Frost Bankers Inc. | 159,795 | $21.1B | 0.35% | |
| 64 | MTBM&T Bank Corp. | 117,562 | $20.7B | 0.35% | |
| 65 | MBBiShares MBS ETF | 223,459 | $20.5B | 0.34% | |
| 66 | DLTRDollar Tree Inc. | 145,321 | $19.8B | 0.33% | |
| 67 | IBDRiShares iBonds Dec 2026 Term C | 848,604 | $19.6B | 0.33% | |
| 68 | SCHWCharles Schwab Corp. | 272,171 | $19.6B | 0.33% | |
| 69 | SLYVSPDR S&P 600 Small Cap Value E | 291,029 | $19.5B | 0.33% | |
| 70 | MCDMcDonald's Corp. | 84,270 | $19.4B | 0.32% | |
| 71 | TLTiShares 20Plus Year Treasury B | 189,281 | $19.4B | 0.32% | |
| 72 | CBSHCommerce Bancshares Inc. | 288,997 | $19.1B | 0.32% | |
| 73 | GDGeneral Dynamics Corp. | 88,029 | $18.7B | 0.31% | |
| 74 | IBDUiShares iBonds Dec 2029 Term C | 829,390 | $18.1B | 0.30% | |
| 75 | APDAir Products and Chemicals Inc | 76,560 | $17.8B | 0.30% | |
| 76 | PGProcter & Gamble Co. | 138,451 | $17.5B | 0.29% | |
| 77 | AWCAmerican Water Works Co. Inc. | 131,348 | $17.1B | 0.29% | |
| 78 | NJRNew Jersey Resources Corp. | 434,538 | $16.8B | 0.28% | |
| 79 | BDXBecton Dickinson and Co. | 74,921 | $16.7B | 0.28% | |
| 80 | EXPDExpeditors International of Wa | 188,652 | $16.7B | 0.28% | |
| 81 | PDBCInvesco Optimum Yield Diversif | 1,004,494 | $16.3B | 0.27% | |
| 82 | DCIDonaldson Co Inc. | 327,968 | $16.1B | 0.27% | |
| 83 | ROKRockwell Automation Inc. | 74,692 | $16.1B | 0.27% | |
| 84 | DXJWisdomTree Japan Hedged Equity | 254,479 | $15.7B | 0.26% | |
| 85 | IBTGiShares iBonds Dec 2026 Term T | 688,268 | $15.6B | 0.26% | |
| 86 | MORNMorningstar Inc. | 73,030 | $15.5B | 0.26% | |
| 87 | IBDViShares iBonds Dec 2030 Term C | 763,968 | $15.5B | 0.26% | |
| 88 | PPGPPG Industries Inc. | 136,437 | $15.1B | 0.25% | |
| 89 | CLXClorox Co. | 115,013 | $14.8B | 0.25% | |
| 90 | MDTMedtronic plc | 181,902 | $14.7B | 0.25% | |
| 91 | GTESGates Industrial Corp. plc | 1,492,497 | $14.6B | 0.24% | |
| 92 | FBINFortune Brands Home & Security | 269,329 | $14.5B | 0.24% | |
| 93 | KDPKeurig Dr. Pepper Inc. | 377,499 | $13.5B | 0.23% | |
| 94 | FISFidelity National Information | 177,774 | $13.4B | 0.22% | |
| 95 | BWINBRP Group Inc. | 507,687 | $13.4B | 0.22% | |
| 96 | NKENIKE Inc. | 158,005 | $13.1B | 0.22% | |
| 97 | CNNECannae Holdings Inc. | 581,080 | $12.0B | 0.20% | |
| 98 | IBDTiShares iBonds Dec 2028 Term C | 502,132 | $11.9B | 0.20% | |
| 99 | IBTEiShares iBonds Dec 2024 Term T | 497,373 | $11.9B | 0.20% | |
| 100 | BKIEURBlack Knight Inc. | 182,657 | $11.8B | 0.20% |
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