CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2023 Filing
Filed October 10, 2023
Portfolio Value
$6461.5T
Holdings
290
Report Date
Q3 2023
Filing Type
13F-HR
All Holdings (290 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | PGRProgressive Corp. | 1,263,862 | $176.1T | 2.72% | |
| 2 | PEPPepsiCo Inc. | 978,425 | $165.8T | 2.57% | |
| 3 | MSFTMicrosoft Corp. | 510,662 | $161.2T | 2.50% | |
| 4 | SNASnap-on Inc. | 624,022 | $159.2T | 2.46% | |
| 5 | LINLinde plc | 405,893 | $151.1T | 2.34% | |
| 6 | FASTFastenal Co. | 2,691,840 | $147.1T | 2.28% | |
| 7 | PAYXPaychex Inc. | 1,246,056 | $143.7T | 2.22% | |
| 8 | CBChubb Ltd. | 677,544 | $141.1T | 2.18% | |
| 9 | LMTLockheed Martin Corp. | 344,370 | $140.8T | 2.18% | |
| 10 | BRBroadridge Financial Solutions | 783,864 | $140.4T | 2.17% | |
| 11 | CVXChevron Corp. | 801,083 | $135.1T | 2.09% | |
| 12 | ADIAnalog Devices Inc. | 726,487 | $127.2T | 1.97% | |
| 13 | DEODiageo plc | 849,217 | $126.7T | 1.96% | |
| 14 | HDHome Depot Inc. | 408,655 | $123.5T | 1.91% | |
| 15 | NSRGYNestle S.A. | 1,071,413 | $121.3T | 1.88% | |
| 16 | SOSouthern Co. | 1,846,279 | $119.5T | 1.85% | |
| 17 | TROWT. Rowe Price Group Inc. | 1,097,555 | $115.1T | 1.78% | |
| 18 | PIIPolaris Inc. | 1,099,527 | $114.5T | 1.77% | |
| 19 | FNFFidelity National Financial In | 2,691,661 | $111.2T | 1.72% | |
| 20 | CSCOCisco Systems Inc. | 1,975,150 | $106.2T | 1.64% | |
| 21 | CLColgate-Palmolive Co. | 1,487,567 | $105.8T | 1.64% | |
| 22 | GILDGilead Sciences Inc. | 1,295,877 | $97.1T | 1.50% | |
| 23 | DOWDow Inc. | 1,781,744 | $91.9T | 1.42% | |
| 24 | FQIDigital Realty Trust Inc. | 757,121 | $91.6T | 1.42% | |
| 25 | 1939900DBrookfield Infrastructure Corp | 2,528,419 | $89.4T | 1.38% | |
| 26 | WYWeyerhaeuser Co. | 2,906,960 | $89.1T | 1.38% | |
| 27 | TJXTJX Cos. Inc. | 958,498 | $85.2T | 1.32% | |
| 28 | ARCCAres Capital Corp. | 4,293,360 | $83.6T | 1.29% | |
| 29 | NTRSNorthern Trust Corp. | 1,193,065 | $82.9T | 1.28% | |
| 30 | ETREntergy Corp. | 885,916 | $81.9T | 1.27% | |
| 31 | RYNRayonier Inc. | 2,871,533 | $81.7T | 1.26% | |
| 32 | KMIKinder Morgan Inc. | 4,881,779 | $80.9T | 1.25% | |
| 33 | MAMastercard Inc. | 201,392 | $79.7T | 1.23% | |
| 34 | SYKStryker Corp. | 278,354 | $76.1T | 1.18% | |
| 35 | SPGIS&P Global Inc. | 197,948 | $72.3T | 1.12% | |
| 36 | GGGGraco Inc. | 966,688 | $70.5T | 1.09% | |
| 37 | USBU.S. Bancorp | 2,083,432 | $68.9T | 1.07% | |
| 38 | ORCLOracle Corp. | 605,829 | $64.2T | 0.99% | |
| 39 | SBUXStarbucks Corp. | 698,197 | $63.7T | 0.99% | |
| 40 | GOOGAlphabet Inc. | 472,336 | $62.3T | 0.96% | |
| 41 | WRBW. R. Berkley Corp. | 973,105 | $61.8T | 0.96% | |
| 42 | MKLMarkel Corp. Inc. | 41,941 | $61.8T | 0.96% | |
| 43 | BRK/BBerkshire Hathaway Inc. - B | 175,767 | $61.6T | 0.95% | |
| 44 | ITWIllinois Tool Works Inc. | 255,394 | $58.8T | 0.91% | |
| 45 | MASMasco Corp. | 1,055,787 | $56.4T | 0.87% | |
| 46 | LOWLowe's Cos. Inc. | 262,495 | $54.6T | 0.84% | |
| 47 | SPMBSPDR Portfolio Mortgage Backed | 2,320,051 | $48.3T | 0.75% | |
| 48 | NXPINXP Semiconductors N.V. | 240,333 | $48.0T | 0.74% | |
| 49 | KEYSKeysight Technologies Inc. | 347,402 | $46.0T | 0.71% | |
| 50 | TMOThermo Fisher Scientific Inc. | 89,401 | $45.3T | 0.70% | |
| 51 | BKNGBooking Holdings Inc. | 14,301 | $44.1T | 0.68% | |
| 52 | BNBrookfield Corp. | 1,374,913 | $43.0T | 0.67% | |
| 53 | SPDWSPDR Portfolio Developed World | 1,380,019 | $42.8T | 0.66% | |
| 54 | BROBrown & Brown Inc. | 589,771 | $41.2T | 0.64% | |
| 55 | MDYVSPDR S&P 400 Mid Cap Value ETF | 604,264 | $39.2T | 0.61% | |
| 56 | NDSNNordson Corp. | 160,121 | $35.7T | 0.55% | |
| 57 | MDYGSPDR S&P 400 Mid Cap Growth ET | 511,599 | $35.4T | 0.55% | |
| 58 | IBTHiShares iBonds Dec 2027 Term T | 1,429,156 | $31.2T | 0.48% | |
| 59 | XONEBondBloxx Bloomberg One Year T | 617,601 | $30.7T | 0.48% | |
| 60 | DNBDun & Bradstreet Holdings Inc. | 2,818,678 | $28.2T | 0.44% | |
| 61 | RTXRTX Corp. | 371,787 | $26.8T | 0.41% | |
| 62 | XMHQInvesco S&P MidCap Quality ETF | 322,638 | $26.0T | 0.40% | |
| 63 | GLDMSPDR Gold MiniShares Trust ETF | 672,041 | $24.6T | 0.38% | |
| 64 | EOGEOG Resources Inc. | 194,232 | $24.6T | 0.38% | |
| 65 | CLVTClarivate plc | 3,506,701 | $23.5T | 0.36% | |
| 66 | APHAmphenol Corp. | 272,919 | $22.9T | 0.35% | |
| 67 | MCDMcDonald's Corp. | 85,249 | $22.5T | 0.35% | |
| 68 | APDAir Products and Chemicals Inc | 79,118 | $22.4T | 0.35% | |
| 69 | EXPDExpeditors International of Wa | 195,197 | $22.4T | 0.35% | |
| 70 | SHWSherwin-Williams Co. | 87,339 | $22.3T | 0.34% | |
| 71 | ROKRockwell Automation Inc. | 77,093 | $22.0T | 0.34% | |
| 72 | HYBBiShares BB Rated Corporate Bon | 492,557 | $21.6T | 0.33% | |
| 73 | HSYHershey Co. | 105,964 | $21.2T | 0.33% | |
| 74 | PGProcter & Gamble Co. | 144,868 | $21.1T | 0.33% | |
| 75 | ECLEcolab Inc. | 122,100 | $20.7T | 0.32% | |
| 76 | IBDRiShares iBonds Dec 2026 Term C | 881,166 | $20.6T | 0.32% | |
| 77 | BDXBecton Dickinson and Co. | 79,377 | $20.5T | 0.32% | |
| 78 | DCIDonaldson Co. Inc. | 341,484 | $20.4T | 0.32% | |
| 79 | IBTGiShares iBonds Dec 2026 Term T | 905,299 | $20.3T | 0.31% | |
| 80 | GDGeneral Dynamics Corp. | 91,970 | $20.3T | 0.31% | |
| 81 | CRLCharles River Laboratories Int | 100,399 | $19.7T | 0.30% | |
| 82 | WECWEC Energy Group Inc. | 227,763 | $18.3T | 0.28% | |
| 83 | NJRNew Jersey Resources Corp. | 448,978 | $18.2T | 0.28% | |
| 84 | CALFPacer US Small Cap Cash Cows 1 | 433,906 | $18.1T | 0.28% | |
| 85 | MORNMorningstar Inc. | 74,255 | $17.4T | 0.27% | |
| 86 | AWCAmerican Water Works Co. Inc. | 140,199 | $17.4T | 0.27% | |
| 87 | GTESGates Industrial Corp. plc | 1,426,754 | $16.6T | 0.26% | |
| 88 | NKENIKE Inc. | 172,174 | $16.5T | 0.25% | |
| 89 | CLXClorox Co. | 124,426 | $16.3T | 0.25% | |
| 90 | MDTMedtronic plc | 206,364 | $16.2T | 0.25% | |
| 91 | IBHGiShares iBonds December 2030 T | 842,910 | $15.9T | 0.25% | |
| 92 | IBTEiShares iBonds Dec 2024 Term T | 615,087 | $14.7T | 0.23% | |
| 93 | DLTRDollar Tree Inc. | 129,851 | $13.8T | 0.21% | |
| 94 | SPBSpectrum Brands Holdings Inc. | 175,374 | $13.7T | 0.21% | |
| 95 | SPYSPDR S&P 500 ETF | 29,800 | $12.7T | 0.20% | |
| 96 | FISFidelity National Information | 230,335 | $12.7T | 0.20% | |
| 97 | TTCToro Co. | 146,584 | $12.2T | 0.19% | |
| 98 | —SPDR Portfolio S&P 500 Value E | 288,050 | $11.9T | 0.18% | |
| 99 | KDPKeurig Dr. Pepper Inc. | 368,794 | $11.6T | 0.18% | |
| 100 | DDDuPont de Nemours Inc. | 151,316 | $11.3T | 0.17% |
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