CONFLUENCE INVESTMENT MANAGEMENT LLC Q3 2024 Filing

Filed November 5, 2024

Portfolio Value

$7074.1T

Holdings

294

Report Date

Q3 2024

Filing Type

13F-HR

All Holdings (294 positions)

#StockSharesValue% PortfolioType
1
PGRProgressive Corp.
1,149,637$183.1T2.59%
2
SNASnap-on Inc.
604,713$174.7T2.47%
3
FASTFastenal Co.
2,610,448$169.1T2.39%
4
MSFTMicrosoft Corp.
435,989$163.9T2.32%
5
PEPPepsiCo Inc.
961,110$163.2T2.31%
6
LINLinde plc
390,984$160.6T2.27%
7
BRBroadridge Financial Solutions
748,519$154.0T2.18%
8
LMTLockheed Martin Corp.
338,180$153.3T2.17%
9
CBChubb Ltd.
660,390$149.2T2.11%
10
PAYXPaychex Inc.
1,216,365$144.9T2.05%
11
ADIAnalog Devices Inc.
714,146$141.8T2.00%
12
HDHome Depot Inc.
401,209$139.0T1.97%
13
FNFFidelity National Financial In
2,622,551$133.8T1.89%
14
CLXClorox Co.
899,112$128.2T1.81%
15
SOSouthern Co.
1,816,728$127.4T1.80%
16
NSRGYNestle S.A.
1,053,794$121.9T1.72%
17
DEODiageo plc
836,444$121.8T1.72%
18
CVXChevron Corp.
792,347$118.2T1.67%
19
CLColgate-Palmolive Co.
1,475,618$117.6T1.66%
20
TROWT. Rowe Price Group Inc.
1,022,744$110.1T1.56%
21
GILDGilead Sciences Inc.
1,266,954$102.6T1.45%
22
PIIPolaris Inc.
1,074,634$101.8T1.44%
23
FQIDigital Realty Trust Inc.
740,988$99.7T1.41%
24
SGOViShares 0-3 Month Treasury Bon
992,122$99.5T1.41%
25
NTRSNorthern Trust Corp.
1,168,915$98.6T1.39%
26
CSCOCisco Systems Inc.
1,935,720$97.8T1.38%
27
DOWDow Inc.
1,741,908$95.5T1.35%
28
ETREntergy Corp.
881,763$89.2T1.26%
29
TJXTJX Cos. Inc.
929,656$87.2T1.23%
30
USBU.S. Bancorp
1,979,499$85.7T1.21%
31
SPGIS&P Global Inc.
193,302$85.2T1.20%
32
KMIKinder Morgan Inc.
4,795,178$84.6T1.20%
33
ARCCAres Capital Corp.
4,219,744$84.5T1.19%
34
MAMastercard Inc.
195,932$83.6T1.18%
35
SYKStryker Corp.
271,827$81.4T1.15%
36
1939900DBrookfield Infrastructure Corp
2,298,284$81.1T1.15%
37
WYWeyerhaeuser Co.
2,322,685$80.8T1.14%
38
RYNRayonier Inc.
2,373,640$79.3T1.12%
39
MASMasco Corp.
1,025,660$68.7T0.97%
40
GGGGraco Inc.
778,966$67.6T0.96%
41
WRBW. R. Berkley Corp.
953,554$67.4T0.95%
42
SBUXStarbucks Corp.
684,049$65.7T0.93%
43
ITWIllinois Tool Works Inc.
248,510$65.1T0.92%
44
GOOGAlphabet Inc.
451,666$63.7T0.90%
45
ORCLOracle Corp.
596,197$62.9T0.89%
46
BRK/BBerkshire Hathaway Inc. - B
168,958$60.3T0.85%
47
MKLMarkel Corp. Inc.
40,508$57.5T0.81%
48
LOWLowe's Cos. Inc.
256,240$57.0T0.81%
49
NXPINXP Semiconductors N.V.
233,287$53.6T0.76%
50
BNBrookfield Corp.
1,331,182$53.4T0.75%
51
KEYSKeysight Technologies Inc.
319,864$50.9T0.72%
52
UPSUnited Parcel Service Inc.
321,094$50.5T0.71%
53
SPMBSPDR Portfolio Mortgage Backed
2,207,636$48.7T0.69%
54
BKNGBooking Holdings Inc.
13,683$48.5T0.69%
55
TMOThermo Fisher Scientific Inc.
87,569$46.5T0.66%
56
XMHQInvesco S&P MidCap Quality ETF
498,312$44.2T0.62%
57
NDSNNordson Corp.
158,814$42.0T0.59%
58
BROBrown & Brown Inc.
579,445$41.2T0.58%
59
MDYGSPDR S&P 400 Mid Cap Growth ET
431,403$32.6T0.46%
60
CALFPacer US Small Cap Cash Cows 1
674,038$32.4T0.46%
61
IUSViShares Core S&P US Value ETF
378,244$31.9T0.45%
62
HSYHershey Co.
164,727$30.7T0.43%
63
IBTHiShares iBonds Dec 2027 Term T
1,362,988$30.5T0.43%
64
DNBDun & Bradstreet Holdings Inc.
2,441,856$28.6T0.40%
65
TLHiShares Barclays 10-20 Year Tr
260,573$28.2T0.40%
66
CLVTClarivate plc
3,021,190$28.0T0.40%
67
SHWSherwin-Williams Co.
86,647$27.0T0.38%
68
APHAmphenol Corp.
270,413$26.8T0.38%
69
HYBBiShares BB Rated Corporate Bon
578,330$26.6T0.38%
70
MCDMcDonald's Corp.
84,909$25.2T0.36%
71
EXPDExpeditors International of Wa
193,464$24.6T0.35%
72
MDYVSPDR S&P 400 Mid Cap Value ETF
331,507$24.3T0.34%
73
ECLEcolab Inc.
121,371$24.1T0.34%
74
ROKRockwell Automation Inc.
76,790$23.8T0.34%
75
GDGeneral Dynamics Corp.
91,263$23.7T0.34%
76
EOGEOG Resources Inc.
193,497$23.4T0.33%
77
CRLCharles River Laboratories Int
97,214$23.0T0.32%
78
DCIDonaldson Co. Inc.
340,822$22.3T0.31%
79
TTCToro Co.
227,744$21.9T0.31%
80
XONEBondBloxx Bloomberg One Year T
438,363$21.8T0.31%
81
APDAir Products and Chemicals Inc
78,695$21.5T0.30%
82
VNTVontier Corp.
621,310$21.5T0.30%
83
GTESGates Industrial Corp. plc
1,598,489$21.5T0.30%
84
PGProcter & Gamble Co.
144,545$21.2T0.30%
85
MORNMorningstar Inc.
71,391$20.4T0.29%
86
IBDRiShares iBonds Dec 2026 Term C
841,982$20.1T0.28%
87
NJRNew Jersey Resources Corp.
447,769$20.0T0.28%
88
IBTGiShares iBonds Dec 2026 Term T
861,827$19.7T0.28%
89
BDXBecton Dickinson and Co.
79,132$19.3T0.27%
90
NKENIKE Inc.
171,900$18.7T0.26%
91
AWCAmerican Water Works Co. Inc.
139,431$18.4T0.26%
92
DLTRDollar Tree Inc.
128,596$18.3T0.26%
93
MLMMartin Marietta Materials Inc.
36,525$18.2T0.26%
94
WECWEC Energy Group Inc.
213,473$18.0T0.25%
95
SLYGSPDR S&P 600 Small Cap Growth
201,585$16.9T0.24%
96
MDTMedtronic plc
203,715$16.8T0.24%
97
GLDMSPDR Gold MiniShares Trust ETF
347,041$14.2T0.20%
98
IBTEiShares iBonds Dec 2024 Term T
593,073$14.2T0.20%
99
SPYSPDR S&P 500 ETF
29,589$14.1T0.20%
100
SPDR Portfolio S&P 500 Value E
288,785$13.5T0.19%
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